Analysis: F MSFT VMC URI NUE VZ

As we settle into afternoon trading, we have a few portfolio updates to share with members.

Ford 

The pullback in the shares of Ford Motor (F) is rather aggressive in what is shaping up to largely be a timing issue, and in our view, this offers members that are underweight the shares an opportunity, especially if the move lower brings them even closer to the $13 level.

Microsoft 

Microsoft (MSFT) announced its board of directors declared a quarterly dividend of $0.68 per share, which is a $0.06 per share or 10% increase over its previous dividend. The new dividend will be paid on Dec. 8, 2022, to shareholders of record on Nov. 17.

For context this marks the company's 18th consecutive dividend increase and comes in the face of the declining PC market. In our view, this speaks to our recent comments that investors will likely need to revisit how they value MSFT shares in the coming quarters given the strength of its cloud and subscription businesses.

Microsoft also announced its 2022 Annual Shareholders Meeting will be held on Dec. 13. Near-term we remain concerned about dollar headwinds and the prospects for lower than expected guidance, which keeps our Two rating intact.

Vulcan Materials

While we have our collective calendars out, Vulcan Materials (VMC) announced it will webcast its Investor Day event on Thursday, September 29. We expect the company will add some color and context for how its business will benefit from the Biden Infrastructure Law, and we'll be applying those comments to United Rentals (URI) and Nucor (NUE) shares as well.

Before moving on, we'd point out NUE shares have almost round-tripped back to their early July levels. Based on where the shares are and what Vulcan says late next week, we may be inclined to add modestly to our NUE position.

Verizon 

And with the market focused on Treasury yields, we'd mention to members that shares of Ford Motor are now trading at a forward dividend yield of 4.6%, while our shares of Verizon ( VZ) are sporting a 6.4% forward dividend yield. We suspect the shares of both will be popping on screens of dividend yield and value hunters if they haven't already.