#dividend
IBM stock: hybrid cloud reboot at a cloud-peer multiple, 2026-31
IBM stock forecast 2026-31: Hold, Overvalued. Bull/base/bear across 6 months to 5 years on a Red Hat and watsonx led reacceleration already priced near cloud-peer multiples, with the z17 mainframe cycle and Consulting drag as the swing factors.
Shell stock: the LNG toll-taker at a discount
Shell trades at a wide discount to Exxon and Chevron on a cheaper, more disciplined portfolio. Here is the bull, base, and bear case through 2031.
Citigroup stock: cheapest money-center bank, bull/base/bear to 2031
C stock forecast 2026-31: Buy, Undervalued. Bull/base/bear across 6 months to 5 years on the cheapest money-center bank at 0.74x tangible book, with consent-order and Banamex execution risk.
Philip Morris (PM): IQOS, ZYN, and the 6-Month to 5-Year Outlook
Philip Morris (PM) research: bear/base/bull scenarios for 6mo, 1yr, 3yr, and 5yr, plus ZYN's FDA win, IQOS, and tobacco's richest valuation multiple.
CVX stock forecast: bear, base, and bull across 6 months to 5 years
Chevron (CVX) stock research: bear/base/bull scenarios across 6 months, 1 year, 3 years, and 5 years. Cheap at 10-11x forward, 4.2% yield, but all contingent on oil price.
Coca-Cola (KO): The Best Moat in Staples, at a Rich Price
Deep research on Coca-Cola (KO): 6-month, 1-year, 3-year, and 5-year price scenarios with bear, base, bull cases, plus the 64-year dividend, GLP-1 and IRS risks, and valuation at 24x forward.
Morgan Stanley stock: 4x book at cycle peak, bull/base/bear to 2030
MS stock forecast 2026-30: Hold, Overvalued. Bull/base/bear across 6 months to 5 years on a wealth manager at 4.05x tangible book (2x median) with cyclical diversification collapse risk.
Costco (COST) stock forecast: Hold at ~48x - the membership compounder's bear, base, and bull case to 2031
COST stock: Hold at ~48x, 28% above its 10-year median. Bear/base/bull across 6 months, 1 year, 3 years, and 5 years on the membership model and de-rate risk.
ExxonMobil (XOM) stock forecast: bear, base, and bull case to 2031
XOM deep research: Guyana, Permian, 43-yr dividend, and bear/base/bull price paths across 6 months, 1 year, 3 years, and 5 years. Hold, Overvalued.