E Portfolio Highlights: June 2021

Quarterly Movers and Shakers

During the past three months, the S&P 500 index jumped 10% as first quarter GDP growth increased 6.4% due to widespread COVID-19 vaccinations, lower unemployment and a consumer-fueled recovery. The following high-quality stocks generated awesome 18% or better gains during the same period.

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UPS Delivers Record Results (UPS)

UPS delivered record first quarter results with sales increasing 27% to $22.9 billion and net income and EPS up nearly fivefold to $4.8 billion and $5.47, respectively. By business segment, U.S. Domestic revenue increased 22% to $14 billion on a 10% increase in revenue per piece. International revenue increased 36% to $4.6 billion, led by Asia and Europe. Supply Chain and Freight revenue increased 34% to $4.3 billion, driven by record growth from Healthcare activities including the delivery of 196 million COVID-19 doses with 99.9% on-time delivery. UPS generated free cash flow of $3.7 billion during the quarter. UPS’ stock delivered a hefty 36% gain during the past quarter. Hold.

Facebook $25 Billion Share Buyback (FB)

Facebook reported first quarter revenues rose 48% to $26.2 billion with net income up 94% to $9.5 billion. Free cash flow increased 7% during the quarter to $8.0 billion with the company repurchasing $3.9 billion of its common stock. Facebook has $8.6 billion remaining authorized on the previous share buyback program while announcing a new $25 billion share buyback program. The firm ended the quarter with a fortress balance sheet with more than $64 billion in cash and investments and no long-term debt. Mr. Market “liked” Facebook with the stock up 28% during the past quarter. Hold.

UnitedHealth Healthy Free Cash Flow (UNH)

UnitedHealth Group reported first quarter revenues increased a healthy 9% to $70.2 billion with net earnings and EPS both increasing 44% to $4.86 billion and $5.08, respectively. During the quarter, UnitedHealth’s free cash flow more than doubled to $5.4 billion. The firm returned $2.8 billion to shareholders through dividend payments of $1.2 billion and share repurchases of $1.65 billion. During the past two years, UnitedHealth Group’s stock has provided a healthy 81% total return. Hold.

Raytheon Increased Dividend 7% (RTX)

Raytheon reported first quarter revenues rose 34% to $15.3 billion with net income increasing to $753 million. RTX distributed $1.1 billion to shareholders through dividends of $705 million and share repurchases of $375 million. Based on a strong cash position, RTX increased the second quarter dividend by more than 7% with plans to repurchase at least $2.0 billion of shares in 2021. Raytheon’s stock soared 23% during the past quarter. Hold.

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William K. 1 month ago Member's comment

Certainly some are doing very well. Hooray for them, no doubt.The unfortunate thing isthat there is not enough prosperity to go around and thus there are others who see far less sunshine.

Reality is seldom "fair" and that is just how it is.