PepsiCo, Inc. (NASDAQ: PEP) is expected to earn $1.47 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $1.56. PepsiCo exceeded the market expectation in the last four quarters. PepsiCo beat the earnings estimate by 5.6% in June 2020, 4.9% in Mar 2020, 1.4% in Dec 2019, and 4% in Sep 2019. PepsiCo is a global food and beverage company.
Alpha: 0.36% (annualized), Beta: 0.68, R2: 0.4, Market Cap: $184.92 billion, Revenue Growth: 1.6%, Operating Margin: 15%, P/E: 28, Dividend Yield: 2.96%. Rating: BUY.
Constellation Brands Inc. (NYSE: STZ) is expected to earn $2.5 per share for the fiscal quarter ending in Aug 2020. The earnings per share (EPS) for the same quarter last year is $2.71. Constellation Brands significantly exceeded the market expectation in the last four quarters. Constellation Brands beat the earnings estimate by 13.3% in May 2020, 27.16$ in Feb 2020, 16.3% in Nov 2019, and 4.21% in Aug 2019. Constellation Brands owns Corona Extra and other alcoholic beverage brands.
Alpha: -2.2% (annualized), Beta: 0.99, R2: 0.37, Market Cap: $35.5 billion, Revenue Growth: 6.3%, Operating Margin: 33%, P/E: -, Dividend Yield: 1.62%. Rating: NEUTRAL.
Micron Technology, Inc. (NASDAQ: MU) is expected to earn $0.95 per share for the fiscal quarter ending in Aug 2020. The earnings per share (EPS) for the same quarter last year is $0.5. Micron Technology exceeded market expectations in the last four quarters. Micron Technology beat the earnings estimate by 5.63% in May 2020, 25.81% in Feb 2020, -2.33% in Nov 2019, and 16.28% in Aug 2019. Micron Technology sells storage and memory solutions worldwide.
Alpha: 17.69% (annualized), Beta: 1.11, R2: 0.36, Market Cap: $54.59 billion, Revenue Growth: 16.76%, Operating Margin: 31%, P/E: 24.96, Dividend Yield: -. Rating: STRONG BUY.
IHS Markit Ltd. (NYSE: INFO) is expected to earn $0.6 per share for the fiscal quarter ending in Aug 2020. The earnings per share (EPS) for the same quarter last year is $0.54. IHS Markit beat the earnings estimate by 0% in May 2020, -3.85% in Feb 2020, 18% in Nov 2019, and 1.89% in Aug 2019. IHS Markit provides data and analytics for industries worldwide.
Alpha: 7.3% (annualized), Beta: 1.07, R2: 0.48, Market Cap: $30.86 billion, Revenue Growth: 49.68%, Operating Margin: 22%, P/E: 40.55, Dividend Yield: 0.85%. Rating: STRONG BUY.
McCormick & Company (NYSE: MKC) is expected to earn $1.52 per share for the fiscal quarter ending in Aug 2020. The earnings per share (EPS) for the same quarter last year is $1.46. McCormick beat the earnings estimate by 26.72% in May 2020, 4.85% in Feb 2020, -1.23% in Nov 2019, and 13.38% in Aug 2019. McCormick sells spices, condiments, and seasonal mixes for the food industry.
Alpha: 11.22% (annualized), Beta: 0.49, R2: 0.14, Market Cap: $54.59 billion, Revenue Growth: 5.7%, Operating Margin: 18%, P/E: 35.14, Dividend Yield: 1.27%. Rating: STRONG BUY.
Synnex Corporation (NYSE: SNX) is expected to earn $2.31 per share for the fiscal quarter ending in Aug 2020. The earnings per share (EPS) for the same quarter last year is $3.3. Synnex beat the earnings estimate by 258.82% in May 2020, 3.82% in Feb 2020, 18.01% in Nov 2019, and 15.38% in Aug 2019. Synnex provides data center and storage solutions for the enterprise.
Alpha: 12.91% (annualized), Beta: 1.2, R2: 0.49, Market Cap: $54.59 billion, Revenue Growth: 15.59%, Operating Margin: 4%, P/E: 14.16, Dividend Yield: -. Rating: BUY.
Progress Software Corporation (NASDAQ: PRGS) is expected to earn $0.66 per share for the fiscal quarter ending in Aug 2020. The earnings per share (EPS) for the same quarter last year is $0.67. Synnex beat the earnings estimate by -1.85% in May 2020, 8.33% in Feb 2020, 9.52% in Nov 2019, and 13.56% in Aug 2019. Progress develops business applications.
Alpha: -0.96% (annualized), Beta: 0.98, R2: 0.25, Market Cap: $1.61 billion, Revenue Growth: 2.45%, Operating Margin: 17%, P/E: 36.11, Dividend Yield: 1.77%. Rating: SELL.
Tangency Portfolio
- IHS Markit Ltd. (NYSE: INFO) – 30%
- McCormick & Company (NYSE: MKC) – 50%
- Micron Technology, Inc. (NASDAQ: MU) – 20%
Portfolio Returns
- $100,000 invested in Jan 2015 = $287,696 in Sep 2020
- Annual Return: 20.50%
- Volatility: 15.53%
- Sharpe Ratio: 1.22
- Alpha: 11.04% (annualized)
- Beta: 0.74
- R2: 0.52
- Gain/Loss Ratio: 1.22
