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Chowder Rule Explained: How to Calculate the Chowder Number, With 3 Worked Examples (2026)

Bar chart of the Chowder Number (dividend yield plus 5-year dividend growth) for three companies: Procter & Gamble 7.2 against a threshold of 15, Allianz 15.9 against 12, and Duke Energy 5.3 against 8

A plain-English guide to the Chowder Rule: how to calculate the Chowder Number, the commonly quoted thresholds, three worked examples with real figures, and where the rule misleads.

  • MPI
  • 12th November 2026
  • Stocks

Home Depot Q3 Fiscal 2026 Earnings Preview: What to Watch on November 17

Chart of Home Depot's adjusted EPS growth against the same quarter a year earlier: Q3 fiscal 2025 -1.1%, Q4 fiscal 2025 -13.1% (13 weeks against 14), Q1 fiscal 2026 -3.7%, Q2 fiscal 2026 +5.1%, Q3 fiscal 2026 consensus +3.2%, and the second half of fiscal 2026 implied by guidance at -1.9% to +7.3%

Home Depot reports Q3 fiscal 2026 results on November 17. The recent quarters against their year-earlier quarters, what full-year guidance implies for the second half, consensus, the dividend, and what to watch.

  • MPI
  • 12th November 2026
  • News

Markets Before the Open: S&P 500 Gains 1.3%, Nvidia Slides After Hours on CEO Report (Nov 12, 2026)

Bar chart of daily index changes: Dow Jones +0.49%, S&P 500 +1.31%, Russell 2000 +0.88%, Nasdaq Composite +1.60% and CAC 40 +0.66%, DAX +1.20%, STOXX 600 +0.72%, FTSE 100 +0.78% on Wednesday, November 11, 2026; Taiex -2.6%, Kospi -0.2%, Nikkei 225 -0.7%, Shanghai Composite -0.6%, ASX 200 -0.1%, Hang Seng -1.2% on Thursday, November 12, 2026

Wall Street rallied on Wednesday as CoreWeave lifted AI stocks, but Nvidia fell about 8.6% after hours on a report its board may remove its CEO. Closes, rates, oil and today's calendar, November 12, 2026.

  • MPI
  • 12th November 2026
  • Stocks

Munich Re Q3 2026 Earnings Preview: What to Watch on November 12

Bar chart of Munich Re net result per quarter in EUR million against the same quarter a year earlier: Q3 2025 1,997 vs 907 (+120.2%), Q4 2025 945 vs 1,068 (-11.5%), Q1 2026 1,714 vs 1,094 (+56.7%), Q2 2026 2,211 vs 2,085 (+6.0%), and the preliminary Q3 2026 result of about 1,700 vs 1,997 (about -15%, my arithmetic)

Munich Re reports Q3 2026 on November 12. The last four quarters against their year-earlier quarters, the pre-announced profit of about €1.7 billion, the €24 dividend and what to watch.

  • MPI
  • 11th November 2026
  • Stocks

Franco-Nevada Q3 2026 Earnings Preview: Consensus, Cobre Panamá and the Dividend

Bar chart of Franco-Nevada adjusted EPS growth, each quarter against the same quarter a year earlier: Q3 2025 +79% ($1.43 vs $0.80), Q4 2025 +95% ($1.85 vs $0.95), Q1 2026 +122% ($2.38 vs $1.07), Q2 2026 +46% ($1.81 vs $1.24), and the Q3 2026 analyst consensus of +24% ($1.77 vs $1.43, my arithmetic)

Franco-Nevada reports Q3 2026 results on November 11, 2026. The last four quarters against their year-earlier quarters, the consensus, what 2026 guidance implies, the $0.44 dividend and what to watch.

  • MPI
  • 11th November 2026
  • News

Markets Before the Open: Hot CPI Lifts Rate-Hike Bets, 10-Year Yield Near 5% (Nov 11, 2026)

Bar chart of daily index changes: Dow Jones -0.30%, S&P 500 -0.38%, Russell 2000 -0.68%, Nasdaq Composite -0.74% and CAC 40 +0.55%, DAX +0.31%, STOXX 600 +0.27%, FTSE 100 -0.29% on Tuesday, November 10, 2026; Taiex +3.6%, Kospi +2.4%, Nikkei 225 +1.3%, Shanghai Composite +0.6%, ASX 200 +0.3%, Hang Seng -0.7% on Wednesday, November 11, 2026

Hotter-than-expected US inflation lifted rate-hike bets and pushed the 10-year yield toward 5% as Wall Street closed lower on Tuesday, while Asia rebounded. Closes, rates, oil and today's calendar, November 11, 2026.

  • MPI
  • 11th November 2026
  • Stocks

Allianz Q3 2026 Earnings Preview: Consensus, the Outlook and the Dividend

Bar chart of Allianz group operating profit in EUR million, each quarter against the same quarter a year earlier: Q3 2025 4,433 vs 3,938 (+12.6%); Q4 2025 4,297 vs 4,174 (+3.0%); Q1 2026 4,517 vs 4,238 (+6.6%); Q2 2026 4,874 vs 4,406 (+10.6%); and the Q3 2026 analyst consensus of 4,297 vs 4,433 (-3.1%, my arithmetic)

Allianz reports Q3 2026 results on November 12, 2026. The last four quarters against their year-earlier quarters, the company-compiled consensus, what the 2026 target implies, the €17.10 dividend and what to watch.

  • MPI
  • 10th November 2026
  • Stocks

Applied Materials Q4 FY2026 Earnings Preview: Guidance, Consensus and the Dividend

Chart of Applied Materials revenue and non-GAAP EPS growth against the same quarter a year earlier: Q4 FY25 revenue -3%, EPS -6%; Q1 FY26 -2% and 0%; Q2 FY26 +11% and +20%; Q3 FY26 +25% and +41%; and the Q4 FY26 consensus of +51.4% revenue and +87.1% EPS

Applied Materials reports Q4 FY2026 results on November 12, 2026. The recent quarters against their year-earlier quarters, what guidance implies, consensus, the $0.53 dividend, and what to watch.

  • MPI
  • 10th November 2026
  • News

Markets Before the Open: S&P 500 Jumps 2.35%, Oil Slides, US CPI Due at 13:30 UTC (Nov 10, 2026)

Bar chart of daily index changes: Russell 2000 +3.15%, Nasdaq Composite +2.74%, S&P 500 +2.35%, Dow Jones +2.15%, DAX +1.73%, STOXX 600 +1.26%, CAC 40 +1.16%, FTSE 100 +1.02% on Monday, November 9, 2026; Kospi +4.4%, Nikkei 225 +2.9%, Taiex +2.5%, ASX 200 +1.1%, Hang Seng +0.6%, Shanghai Composite +0.2% on Tuesday, November 10, 2026

Wall Street rebounded on Monday as oil slid and chip shares recovered, and Asia rose again. Closes, rates, oil and today's calendar, including US CPI, before the US open, November 10, 2026.

  • MPI
  • 10th November 2026
  • Stocks

Cisco Q1 FY2027 Earnings Preview: Guidance, Consensus and the Dividend

Chart of Cisco revenue and non-GAAP EPS growth against the same quarter a year earlier: Q1 FY26 revenue +8%, EPS +10%; Q2 FY26 +10% and +11%; Q3 FY26 +12% and +10%; Q4 FY26 +18% and +23%; and the Q1 FY27 consensus of +21.5% revenue and +33% EPS

Cisco reports Q1 FY2027 results on November 12, 2026. The recent quarters against their year-earlier quarters, what guidance implies, consensus, the dividend, and what to watch.

  • MPI
  • 9th November 2026
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Recent Posts

  • Chowder Rule Explained: How to Calculate the Chowder Number, With 3 Worked Examples (2026)
  • Home Depot Q3 Fiscal 2026 Earnings Preview: What to Watch on November 17
  • Markets Before the Open: S&P 500 Gains 1.3%, Nvidia Slides After Hours on CEO Report (Nov 12, 2026)
  • Munich Re Q3 2026 Earnings Preview: What to Watch on November 12
  • Franco-Nevada Q3 2026 Earnings Preview: Consensus, Cobre Panamá and the Dividend

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