Alphabet has spent much of the past decade as one of the most shareholder-friendly companies in the world. The company generated enormous free cash flow, accumulated a vast cash reserve and returned capital through aggressive share repurchases. Investors became accustomed to a business that could fund growth internally while simultaneously reducing its share count. That…

For many investors, Welltower (NYSE: WELL) is difficult to understand. Over the last five years, the company’s share price has climbed from roughly $60 to more than $200, generating returns that appear disconnected from its reported earnings. Revenue has more than doubled, but earnings per share have remained volatile. The share count has expanded materially.…

Abbott Laboratories may be undergoing a business transformation that is not immediately obvious from the headline numbers, but becomes much clearer when viewed across the last decade of results. For years, Abbott has been seen as a broad healthcare conglomerate with exposure to nutrition, diagnostics, medical devices and established pharmaceuticals. That description is still technically…

For decades, utilities were viewed as some of the most predictable businesses in the market. They offered steady dividends, slow earnings growth and relatively little excitement. NextEra Energy just changed that narrative in a very big way. NextEra announced it will acquire Dominion Energy in an all stock transaction that will create the largest regulated…

PayPal has become one of the market’s most misunderstood large-cap fintech companies. It is often framed as a slowing legacy payments business that has already seen its best days, while newer platforms like Stripe, Adyen, Block, and Apple Pay are seen as the future of digital commerce. That narrative sounds clean, but it misses what…

Intuitive Surgical’s latest results highlight a business that continues to grow at scale, but the underlying geographic mix tells a more nuanced story. While headline growth remains strong, the quality and sustainability of that growth increasingly depend on how markets outside the U.S. are evolving, particularly in China and Japan. Looking at the overall picture,…