Lockheed Martin slumped about 12% on Tuesday following disappointing guidance. Based on the forecast Lockheed provided in August, analysts had expected the defense giant's sales to grow roughly 3% next year. Instead, the firm this week nudged its 2021 revenue guidance lower and now sees sales next year falling about 1.5%. Management then expects low single-digit [...]

Shares of telecommunications companies like Verizon have been under pressure this year following record spending in the C-Band spectrum auction.With fierce competition to be a leader in 5G capabilities, telecom companies proved willing to go deeper into debt to ensure they were not left behind with inferior networks.Earlier this year, we wrote a note on Verizon that [...]

Physicians Realty is a self-managed healthcare REIT with ownership in nearly 300 top-tier medical office buildings (MOB's) across 31 states.Since its founding in 2011, the REIT's portfolio has become more evenly balanced between properties located on campus with a hospital, an area it was far more concentrated in earlier on, and off-campus properties found closer [...]

International Paper completed the spin-off of its printing papers business on October 1 and, as expected, rebased its dividend on Tuesday to reflect the firm's lower cash flow. The dividend was reduced by about 10% (better than management's original estimate of a 15% to 20% cut). With the spin-off complete and the rebased dividend in place, we are upgrading [...]