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Richard Moroney, CFA

Richard Moroney, CFA, is the Editor and Vice President of the Dow Theory Forecasts and Upside investment newsletters. He holds a BS in journalism and economics from Northwestern University, and an MBA in finance/accounting from University of Chicago. He joined the company in 1989 and received the Chartered Financial Analyst designation in 1992.

From this author
One of the oldest newsletters in the business, Dow Theory Forecasts has been meeting the investment needs of individuals since 1946. The newsletter believes in the preservation of capital as well as the accumulation of wealth. For that reason, Dow Theory Forecasts takes a long-term approach to investing, with stock...
Iconix Brand (ICON) Chances are you may have never heard of Iconix Brand (ICON). But the company’s broad and growing portfolio of leading brands includes such household names as Candies, London Fog, Sharper Image, and Danskin. Iconix licenses its brands to such major retailers as Wal-Mart, Target, and Kohl’s, helping generate a...
“With investors adjusting to the prospect of rising interest rates, high-yielding stocks sat out the latest leg of the market’s rally. S&P 500 stocks averaged a 6% total return over the last three months, while those with dividend yields above 3.5% averaged a loss of 2%. “But, on average, the median...
“Hertz Global Holdings, Inc. (HTZ NYSE) is in the fast lane. The rental company, with a fleet of nearly 760,000 cars, operates roughly 10,400 locations in about 150 countries. Hertz also rents equipment, while a separate unit offers fleet-management services. The car-rental industry has consolidated in recent years, leaving only...
“High-yield stocks are performing well. The top quintile, or one-fifth, of dividend-paying stocks in the S&P 500 Index as measured by yield has outperformed the average stock in the index in five of the last six calendar months. And in rolling 12-month periods since the start of 2009,...
Ancestry.com, Inc. (ACOM) operates the world’s largest online family history database. With over 10 billion records, the company’s archives include ship passenger lists, birth and death records and U.S. Census information. A growing collection of user- generated data has boosted content. Ancestry.com had 1.87 million subscribers on March 31, up...
Wyndham Worldwide Corp. (WYN) shares have rallied 18% this year, ahead of the 8% gain posted by the S&P 500 Index and the 12% advance of the consumer-discretionary sector index. The rally reflects outstanding operating momentum, with revenue growing at least 7% in every quarter last year while operating profit...
“Headquartered in Virginia, Cardinal Financial Corp. (CFNL) serves the Washington metropolitan area through 27 offices. The company also operates a residential mortgage-lending business with 10 locations and offers trust, brokerage, and asset-management services. Cardinal earns an Overall Quadrix® score of 97, versus an average of 59 for the 288 regional...
“For EMC Corp. (EMC), a cloudy forecast suggests a sunny outcome. The company primarily sells storage devices and software that help companies handle the avalanche of electronic data. But EMC is also positioned to benefit from the migration to cloud computing, which allows companies to reduce costs by...
Macy’s, Inc. (M – yield 2.20%) operates about 850 department stores under its namesake or Bloomingdale’s brands. During the holiday season (combining November and December) same-store sales climbed 5.7%, while online sales jumped 40%. As a result, the retailer raised its guidance for the January quarter. Also in...
Standard Motor Products, Inc. (SMP), a leading replacement parts manufacturer and distributor, is benefiting from the sluggish economy. During periods of economic weakness, more automobile owners tend to repair their cars rather than purchase new ones. The average age of cars on U.S. roads exceeds 10 years, up...
“[Directory and communications services provider] Neustar, Inc. (NSR) said September-quarter earnings per share jumped 31% to $0.51, topping the consensus of $0.44. Revenue increased 18% and also exceeded the consensus. Management raised its full-year outlook. Per-share earnings should range from $1.76 to $1.84, implying at least 16% growth. “Revenue...
Primoris Services Corp. (PRIM), a specialty contractor and infrastructure company, has reeled off six consecutive quarters of sales growth, up 42% or more. Most recently, Primoris reported June-quarter revenue of $352 million, up 73%, or 28% excluding acquisitions. Per-share profits surged 75% to $0.28, exceeding the consensus by...
HealthSpring, Inc. (HS) is being upgraded to a Best Buy. The company, which derives most of its revenue from the Medicare Advantage program, delivered solid June-quarter results. Consensus estimates for 2011 and 2012 have moved higher since the report, but the stock has been pressured by selling in...
From Dow Theory Forecasts: “One of C.R. Bard, Inc.’s (BCR) first customers was its founder, Charles Russell Bard, an American importer of French silk. In 1907, he started trading in Gomenol, a...
Sirona Dental Systems, Inc. (SIRO, Nasdaq) has served dentists for more than 130 years. In 1882, the company introduced the first electrical drill and in 1934 launched a small X-ray, enabling dental imaging for the first time. Today the company develops and markets a complete line of dental products, including...
Setting new 52-week highs in each of the last four months, Varian Medical Systems, Inc.‘s (VAR, NYSE) stock has rallied 19% this year. The company’s chief products include X- ray equipment and pricey oncology systems that kill cancerous tissue with radiation. After curbing capital spending last year, hospitals should begin...
Preferred stocks can be a great way for investors to secure fixed-rate divdends while benefitting from a company’s growth. Below, Richard Moroney, editor of Dow Theory Forecasts, explains why preferreds can be the income investor’s best friend. “When we profiled preferred stocks March 9, 2009, we wrote that ‘the broad...
Qualcomm’s (QCOM, Nasdaq) overall Quadrix score of 61 reflects below-average scores for Value, Earnings Estimates, and Performance — all languishing in the low 40s. But Wall Street profit estimates have stabilized recently, and the stock has rallied nearly 16% since Qualcomm posted solid September-quarter results. The company’s outlook will be...
Nu Skin Enterprises (NUS, NYSE) traded higher on an improved sales and profit outlook. Including a restructuring charge, December-quarter earnings per share are now expected to range from $0.37 to $0.39, versus a prior view of $0.32 to $0.34. Revenue should be $360 million to $365 million, up from previous...