Sunday, November 1, 2026

Week in Review 44/26


 

Welcome and thanks for reading!

In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.



Received Dividends:



October 26, 2026


  • €90.27 – Philip Morris International Inc. (PM)
  • €39.73 – JPM Global Equity Premium Income Active UCITS ETF (JGPI.DE)
  • €28.19 – JPM US Equity Premium Income Active UCITS ETF (JEIP.DE)
  • €85.61 – JPM Nasdaq Equity Premium Income Active UCITS ETF (JEQP.DE)


October 27, 2026


  • €201.15 – Orion Corporation (ORION)


October 28, 2026


  • €87.26 – The Bank of Nova Scotia (BNS)
  • €69.24 – Canadian Imperial Bank of Commerce (CM)


October 30, 2026


  • €12.61 – LTC Properties, Inc. (LTC)


Week 44 Total net dividends €614.06


Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.



Portfolio Holdings News:



October 26, 2026


  • Verizon Communications Inc. (VZ) Reports Third Quarter 2026 Results; VZ reported third-quarter non-GAAP EPS of $1.31, up 8.3% year over year and $0.04 above analyst expectations. Revenue increased 1.5% to $34.31 billion, falling short of consensus estimates by $540 million. Mobility and broadband service revenue totaled $23.5 billion, up 2.9% year over year and sequentially, with growth expected to accelerate to approximately 4.0% in the fourth quarter of 2026. Looking ahead, management raised its 2026 guidance, now projecting free cash flow growth of 12.0% year over year, up from the previous forecast of 9.0%–10.0%. The company also increased its adjusted EPS outlook to $5.04–$5.06, implying year-over-year growth of 7.0%–7.5%, compared with the previous forecast of 6.0%–7.0%.


  • H2O America (HTO) Announces Third Quarter 2026 Financial Results; HTO reported third-quarter non-GAAP EPS of $1.04, down 18% from the same period last year and $0.04 below analyst expectations. Revenue increased 4.0% year over year to $250.2 million, although it came in $0.3 million below consensus estimates. Looking ahead, management narrowed its standalone 2026 adjusted diluted EPS guidance to a range of $3.10–$3.16.


October 27, 2026


  • Tieto Corporation's Interim Report 3/2026; TIETO reported third-quarter revenue of €389.6 million, down from €454.2 million in the same period last year and €10 million below analyst expectations. Adjusted EPS was €0.46, compared with €0.50 a year earlier, but exceeded analyst estimates of €0.39. Adjusted EBITA declined to €70.2 million from €87.8 million in the prior-year period. Looking ahead, management expects organic revenue to decline by 5%–6% in 2026, compared with 2025 revenue of €1,852.3 million. However, the company forecasts a full-year adjusted EBITA margin of 15.5%–16.0%, up from 13.8% in 2025.



  • ONEOK, Inc. (OKE) Announces Third Quarter 2026 Earnings; OKE eported third-quarter 2026 GAAP EPS of $2.13, up 42.9% year over year and $0.63 above analyst expectations. Adjusted EBITDA increased to $2.24 billion, compared with $2.12 billion in the same period last year. Looking ahead, management raised its full-year 2026 outlook, projecting net income of $4.09–$4.27 billion and adjusted earnings per diluted share of approximately $6.30 at the midpoint.


  • The Coca-Cola Company (KO) Reports Third Quarter 2026 Results; reported third-quarter non-GAAP EPS of $0.91, up 11% year over year and $0.03 above analyst expectations. Revenue increased 7.2% to $13.4 billion, exceeding consensus estimates by $470 million. Looking ahead, management raised its 2026 organic revenue growth outlook to at least 5% and expects comparable currency-neutral EPS, excluding acquisitions and divestitures, to grow by at least 9%. The company also projects full-year free cash flow of at least $13.0 billion.


  • Illinois Tool Works Inc. (ITW) Reports Third Quarter 2026 Results; ITW reported third-quarter GAAP EPS of $3.00, representing a 7% increase from the prior-year period and exceeding analyst expectations by $0.03. Revenue grew 4.4% year over year to $4.24billion, missing consensus estimates by $10 million. Looking ahead, management raised its 2026 guidance, narrowing its GAAP EPS outlook to $11.45–$11.55 per share from the previous range of $11.35–$11.55. The company also increased its revenue growth guidance to 4.5%–5.5% and reaffirming its organic growth forecast to 3%–4%.


  • United Parcel Service, Inc. (UPS) Releases 3Q 2026 Earnings; UPS reported third-quarter non-GAAP EPS of $1.69, down 2.9% from the same period last year but $0.07 above analyst expectations. Revenue increased 7.0% year over year to $22.9 billion, exceeding consensus estimates by $620 million. Looking ahead, management raised its full-year 2026 guidance, now projecting revenue of approximately $92.6 billion and non-GAAP diluted EPS of approximately $7.28.


  • Visa Inc. (V) Reports Fiscal Fourth Quarter 2026 Results; V reported fourth-quarter non-GAAP EPS of $3.48, up 17% year over year and $0.04 above analyst expectations. Revenue increased 12.9% to $12.1 billion, in line with consensus estimates. Payments volume for the three months ended September 30, 2026, grew 9% year over year on a constant-dollar basis. Looking ahead to fiscal 2027, management expects adjusted net revenue growth in the low double digits and first-quarter EPS growth at the lower end of the mid-teens range.


  • Visa Inc. (V) Increases Quarterly Dividend; V's Board of Directors declared a 16.4% increase in its quarterly cash dividend to $0.78 per share, up from the previous dividend of $0.67. The increased dividend is payable on December 1, 2026, to shareholders of record as of November 10, 2026.




  • W. P. Carey Inc. (WPC) Announces Third Quarter 2026 Financial Results; WPC reported third-quarter adjusted funds from operations (AFFO) of $1.33 per share, up 6.4% year over year and $0.03 above analyst expectations. Revenue increased 8.6% year over year to $468.3 million, exceeding consensus estimates by $8.55 million. Looking ahead, management raised and narrowed its full-year 2026 AFFO guidance to $5.23–$5.29 per diluted share, compared with the previous range of $5.19–$5.27.


October 28, 2026


  • Orion Corporation (ORION) Interim Report July–September 2026; ORION reported third-quarter EPS of €1.19, up 74.4% year over year and €0.07 above analyst expectations. Net sales for July–September totaled €542.2 million, compared with €423.2 million in the same period last year, broadly in line with analyst estimates. Looking ahead, the company upgraded its 2026 outlook, raising its revenue guidance to €2,070–€2,140 million from the previous range of €2,000–€2,100 million. The operating profit forecast was also increased to €730–€790 million, compared with the earlier range of €650–€750 million.


  • UPM-Kymmene Corporation (UPM) Interim Report Q3 2026; UPM reported third-quarter EPS of €0.16, down 5.9% year over year and €0.13 below analyst expectations. Revenue declined 1.1% to €2.20 billion, missing consensus estimates by €116 million. In August, the Extraordinary General Meeting approved the demerger plan, with WISA Group Plc scheduled to begin trading on Nasdaq Helsinki in November. Looking ahead, management reiterated its guidance for comparable operating profit from continuing operations of €375–€575 million in the second half of the year.



  • Unilever PLC (AMS:UNA) Reports Third Quarter 2026 Results; UNA reported third-quarter sales of €13.3 billion, up 6.7% year over year. Underlying sales grew 5.2%, exceeding analysts’ consensus expectation of 4.8%. Looking ahead, management raised its 2026 forecast for underlying volume growth to at least 3%, up from the previous outlook of at least 2%. The company reaffirmed its underlying sales growth guidance of 4%–6% and continues to expect a modest improvement in the underlying operating margin compared with 20.0% in 2025.


  • Automatic Data Processing, Inc. (ADP) Reports First Quarter Fiscal 2027 Results; ADP reported first-quarter non-GAAP EPS of $2.82, up 13% year over year and $0.05 above analyst expectations. Revenue increased 6.2% year over year to $5.5 billion, exceeding consensus estimates by $30 million. Looking ahead, management expects fiscal 2027 revenue growth of approximately 6% and adjusted diluted EPS growth of 10%–12%.


  • Smurfit Westrock Plc (SW) Reports Third Quarter 2026 Results; SW reported third-quarter non-GAAP EPS of $0.45, down 22.4% year over year and $0.12 below analyst expectations. Revenue increased 2.0% year over year to $8.16 billion, falling short of consensus estimates by $120 million. Looking ahead, management expects full-year adjusted EBITDA to be approximately $4.7 billion.


October 29, 2026


  • Neste Corporation's (NESTE) Interim report for January–September 2026; NESTE reported third-quarter EPS of €1.35, compared with €0.14 in the same period last year and exceeding analyst expectations by €0.60. Comparable EBITDA surged to €1.56 billion from €531 million a year earlier, significantly surpassing the consensus estimate of €353 million. Revenue also increased to €6.55 billion from €4.53 billion in the prior-year period, beating consensus estimates by €671 million. Looking ahead to 2026, management expects Renewable Products sales volumes to remain approximately in line with 2025 levels, while Oil Products sales volumes are projected to decline due to a planned maintenance turnaround. In addition, NESTE’s Board of Directors approved a new dividend policy targeting an annual payout of 20%–40% of earnings per share.


  • Kesko Corporation (KESKO) Interim Report Q3 2026; KESKO reported third-quarter comparable EPS of €0.41, up 17.1% year over year and €0.02 above analyst expectations. Revenue increased 5.2% to €3.39 billion, slightly below the consensus estimate of €3.40 billion. Comparable operating profit rose to €231 million from €208 million in the same period last year, exceeding analyst expectations of €225 million. Looking ahead, management narrowed its 2026 guidance, now expecting comparable operating profit of €690–€730 million, compared with the previous forecast of €670–€730 million.


  • NCC AB (NCC) to construct the new Stiklestad National Cultural Center; NCC has been commissioned by Museene Arven to build the new Stiklestad National Cultural Center in Norway. The project includes both renovation and new construction and will strengthen Stiklestad as a museum and visitor destination. The order value is approximately SEK 215 million.


  • WEC Energy Group, Inc. (WEC) Reports Third-Quarter Results; WEC reported third-quarter GAAP EPS of $1.18, representing 36.1% year-over-year growth and a $0.20 beat versus analyst expectations. Revenue increased 7.0% to $2.29 billion, exceeding estimates by $90 million. Management raised its FY2026 EPS guidance to $5.60–$5.64 from $5.51–$5.61.


  • Edison International (EIX) Reports Third Quarter 2026 Results; EIX reported third-quarter non-GAAP EPS of $1.92, down 18.0% year over year but exceeding analyst expectations by $0.11. Revenue fell 15.1% to $4.88 billion, missing consensus estimates by $460 million. Looking ahead, management reaffirmed its full-year 2026 core EPS guidance of $5.90 to $6.20 and reiterated its confidence in delivering 5% to 7% annual core EPS growth through 2030.


  • Bristol-Myers Squibb Company (BMY) Reports Third Quarter Financial Results for 2026; BMY reported third-quarter non-GAAP EPS of $1.35, down 17.2% year over year but $0.13 above analyst expectations. Revenue increased 7.2% to $13.1 billion, exceeding consensus estimates by $370 million. Looking ahead, management raised its 2026 revenue guidance to $49.75–$50.25 billion and updated its non-GAAP EPS forecast to $6.35–$6.55, including a negative net impact of $0.60 per share from acquired in-process research and development (IPRD) charges and licensing income.


  • Gilead Sciences, Inc. (GILD) Announces Third Quarter Financial Results; GILD reported third-quarter non-GAAP EPS of $2.55, up 3.2% year over year and $0.36 above analyst expectations. Revenue increased 6.8% to $8.3 billion, exceeding consensus estimates by $500 million. Looking ahead, management revised its full-year 2026 non-GAAP diluted EPS guidance to a loss of $1.20–$0.85 per share, compared with the previous forecast of a loss of $0.65–$0.30. The revised outlook includes an estimated $9.88 per-share impact from $12.4 billion in acquired in-process research and development (IPR&D) charges related to the Arcellx, Tubulis, Ouro Medicines, and PepStar transactions announced this year, net of the Lakefront collaboration impact and related taxes.


  • Altria Group, Inc. (MO) Reports 2026 Third-Quarter Results; MO reported third-quarter non-GAAP EPS of $1.52, up 4.8% year over year and $0.01 above analyst expectations. Revenue increased 3.4% to $5.44 billion, exceeding consensus estimates by $130 million. Looking ahead, management expects full-year 2026 adjusted diluted EPS of $5.66–$5.74, representing growth of 4.5%–6.0% compared with the 2025 base of $5.42.


  • Starbucks Corporation (SBUX) Reports Q4 Fiscal Year 2026 Results; For the fourth quarter, SBUX reported non-GAAP EPS of $0.80—a 54% year-over-year increase that beat analyst expectations by $0.09. Revenue dipped 4.8% to $9.14 billion, missing consensus estimates by $90 million. Global comparable store sales grew 7.2%, driven by a 5.2% increase in average ticket and a 1.8% rise in transactions. During Q4, the company opened 303 net new stores, bringing its total count to 41,607 (32% company-operated, 68% licensed). Looking ahead to fiscal 2027, management expects consolidated net revenues to decline roughly 1% year over year, with non-GAAP EPS projected between $3.155 and $3.25.


  • The Hershey Company (HSY) Reports Third-Quarter 2026 Financial Results; HSY reported third-quarter non-GAAP EPS of $2.64, up 103% year over year and $0.53 above analyst expectations. Revenue increased 3.1% to $3.28 billion, exceeding consensus estimates by $30 million. Reflecting the strong performance, management raised its full-year 2026 outlook, now expecting adjusted diluted EPS growth of 36.0%–38.5%, up from the previous forecast of 32.5%–35% growth compared with 2025.


  • L3Harris Technologies, Inc. (LHX) Reports Third Quarter 2026 Results; LHX reported third quarter GAAP EPS of $3.28—a 33% increase year-over-year that topped analyst expectations by $0.33. Revenue reached $6.1 billion, climbing 7.0% from the previous year and beating estimates by $160 million. Orders received in the quarter totaled $19.3 billion, resulting in backlog of $53.2 billion. Book-to-bill ratio was 3.2x for the quarter. Looking ahead, management raised its full-year 2026 revenue guidance to a range of $23.5 billion to $23.7 billion, up from its prior outlook of $23.2 billion to $23.7 billion, while also lifting its 2026 EPS guidance to between $12.25 and $12.35, compared to the previous range of $11.80 to $12.00. Free cash flow guidance remains $3 billion.


  • T. Rowe Price Group, Inc. (TROW) Reports Third Quarter 2026 Results; TROW reported third-quarter non-GAAP EPS of $2.86, up 1.8% year over year and beating analyst estimates by $0.21. Revenue rose 5.8% year over year to $2.0 billion, topping consensus by $30 million. Assets under management (AUM) reached $1.863 trillion as of September 30—down 1.6% from $1.893 trillion at the end of June—driven in part by $28.3 billion in net client outflows during the quarter.


  • Digital Realty Trust, Inc. (DLR) Reports Third Quarter 2026 Results; DLR reported Q3 core FFO of $2.10 per share, representing a 11.1% increase from the prior-year period and exceeding analyst expectations by $0.10. Revenue grew 20.3% year over year to $1.9 billion, surpassing consensus estimates by $140 million. Looking ahead, management increased its 2026 guidance, raising core FFO per share (excluding net promote) to $8.30–$8.35 and constant-currency core FFO per share (excluding net promote) to $8.25–$8.30.


October 30, 2026


  • Aktia Bank Plc's (AKTIA) Interim report January-September 2026; AKTIA reported third-quarter comparable EPS of €0.23, down 21% year over year and missing analyst expectations by €0.04. Total operating income fell 4% to €70.4 million, falling short of estimates by €2.4 million. Net credit losses improved significantly to €1.5 million, compared to €3.8 million in the prior-year period. The bank's CET1 ratio strengthened to 12.6%, up from 12.0% in the previous quarter. Looking ahead for full-year 2026, management reiterated its earnings guidance, expecting comparable operating profit to remain roughly in line with, or slightly above, the previous year’s €106 million.


  • Koninklijke Ahold Delhaize N.V. (AD.AS) announces the acquisition of Tesco Czechia and Slovakia; AD announced an agreement to acquire 100% of Tesco’s businesses in the Czech Republic and Slovakia, subject to regulatory approval. The acquisition is expected to strengthen the company’s position in Central and Southeastern Europe and expand its presence in the Slovak market, in line with its Growing Together strategy. The transaction carries an enterprise value of approximately €1.2 billion, equivalent to a lease-adjusted enterprise value of approximately €1.7 billion post-IFRS 16. The deal is expected to close in the fourth quarter of 2027, subject to customary closing conditions, including regulatory clearances.


  • Dominion Energy, Inc. (D) Announces Third-Quarter 2026 Results; D reported third-quarter non-GAAP EPS of $1.28, representing 20.6% year-over-year growth and a $0.07 beat versus analyst expectations. Revenue increased 24.1% to $5.612 billion, exceeding estimates by $880 million. Management reaffirmed its full-year 2026 operating earnings guidance of $3.45–$3.69 per share, implying a midpoint of $3.57.


  • Chevron Corporation (CVX) Reports Third Quarter 2026 Results; CVX reported third-quarter non-GAAP EPS of $5.28, up 185% year over year and beating analyst expectations by $0.45. Revenue rose 36.3% year over year to $67.8 billion, topping consensus estimates by $5.59 billion. Capital expenditures during the quarter declined compared to the prior-year period, driven primarily by reduced spending in the Permian Basin.


  • AbbVie Inc. (ABBV) Reports Third-Quarter 2026 Financial Results; ABBV reported third-quarter non-GAAP EPS of $3.82, surging 105.4% year over year and beating analyst expectations by $0.05. Revenue grew 10.3% to $17.4 billion, topping consensus estimates by $50 million. Management raised its full-year 2026 adjusted diluted EPS guidance range from $13.76–$13.96 to $13.95–$13.99. The updated outlook includes a $0.69 per share unfavorable impact from acquired IPR&D and milestone expenses incurred year-to-date through Q3.


  • AbbVie Inc. (ABBV) Increases Quarterly Dividend; ABBV announced that its Board of Directors approved a 5.2% increase in the company’s quarterly cash dividend, raising it from $1.73 to $1.82 per share. The increased dividend is payable on February 16, 2027, to shareholders of record as of January 15, 2027.


  • General Dynamics Corporation (GD) Reports Third-Quarter 2026 Financial Results; GD reported third-quarter GAAP EPS of $4.49, up 15.7% year over year and beating analyst expectations by $0.36. Revenue grew 13.2% year over year to $14.6 billion, surpassing consensus estimates by $870 million. Total order intake reached $98.8 billion for the quarter, driven by $93.8 billion in defense orders—largely for Virginia- and Columbia-class submarines in Marine Systems—and $5.0 billion in Aerospace. This yielded a company-wide book-to-bill ratio of 6.8x, expanding total backlog to $220.3 billion at quarter-end.


  • Magna International Inc. (MGA) Announces Third Quarter 2026 Results; MGA reported third-quarter non-GAAP EPS of $1.83, up 38% year over year and beating consensus estimates by $0.23. Revenue fell 3.4% to $10.1 billion, matching analyst expectations. Looking ahead, management updated its full-year 2026 outlook, now projecting total sales of $41.2 billion to $42.0 billion, adjusted diluted EPS of $6.85 to $7.15, and free cash flow of $1.85 billion to $1.90 billion.


  • LyondellBasell Industries N.V. (LYB) Reports Third Quarter 2026 Earnings; LYB reported third-quarter 2026 non-GAAP EPS of $2.54, up sharply from $1.01 in the prior-year period but missing analyst expectations by $0.01. Revenue rose 10.0% year over year to $8.5 billion, falling short of consensus estimates by $390 million. Looking ahead to the fourth quarter, management expects operating rates of 85% for North American Olefins & Polyolefins (O&P) assets, 60% for European O&P assets, and 75% for Intermediates & Derivatives (I&D) assets.


  • Canadian National Railway Company (TSE:CNR) Reports Third Quarter Results; CNR Canadian National Railway (CNR) reported third-quarter non-GAAP EPS of C$2.16, up from C$1.83 in the prior-year period and beating analyst expectations by C$0.08. Revenue rose 14.4% year over year to C$4.77 billion, surpassing estimates by C$120 million. The operating ratio reached 63.7%, up 230 basis points year over year. Management reaffirmed its expectation of low single-digit RTM growth in 2026 and continues to project mid-to-high single-digit adjusted diluted EPS growth, noting that performance is currently tracking toward the upper end of that guidance range.



Articles that caught my attention:





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