Author Archive: thebuttonwoodproject

Week in Review

   Stocks had a rough week. Following the politically driven decline in prices since Wednesday afternoon, each of the major large-cap indexes remains well below its respective previous-week closing levels. The Dow Industrials dropped 0.8%, the S&P 500 0.7% and the NASDAQ by 0.4%. Utilities and late bidding in energy saw these two sectors outperform, …

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Deere Sales Miss Expectations Despite Strong Growth

Shares of agriculture and construction machinery manufactured Deere & Co. (NYSE: DE $116.97) retreated in early trading, despite reporting strong results. Total revenue for the third quarter, including Deere’s financial-services business, rose 16% to $7.81 billion. Net equipment sales reached $6.83 billion, up 17% from last year, but shy of Street views of $6.92 billion. Deere said …

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Portfolio Change – Foot Locker

Following less-than-expected results for the past two quarters and with the outlook for the company far from bright, I am removing Foot Locker from the aggressive portfolio. With continued threats from Amazon.com and a bleak picture for the sector in general, I will concede a small loss in favor or another choice to be determined …

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Applied Materials Delivers Record Results; Improves Outlook

Shares of  Santa Clara, California-based Applied Materials, Inc. (NASDAQ: AMAT – $43.12) moved higher by about 4% in after-hours trading in an otherwise dismal day on Wall Street. The company, which celebrates its fiftieth anniversary later this year, increased third quarter adjusted gross margin by 2.9 points to 46.6%; grew adjusted operating margin by 5.9 points …

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Week in Review

    Stocks were down across the board this past week, as geopolitical tensions between the United States and North Korea weighed heavily on investors’ minds. However, considering all the rhetoric and threats, the markets were quite resilient and Friday saw a modest reversal to Thursday’s steep selloff. The retreat was probably well needed, as equities are …

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Delta Air Lines Hikes Dividend

Shortly after posting yesterday’s analysis of Delta Air Lines (NYSE: DAL – $49.33), the company increased its quarterly dividend by 50% from $0.203 per share to $0.305. The new annualized rate will provide investors with a $1.22 per share payout and yield 2.5% at current quotations.

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Diversification – Update

Following some recent changes to the aggressive and income portfolios, I wanted to take a look at how the diversification model is shaping up for the three lists. I believe there is an adequate level of sector diversity across the three portfolios. The conservative group is somewhat over-weighted with industrial stocks, but these positions should …

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Stock to Consider: Delta Air Lines

Atlanta-based Delta Air Lines, Inc. (NYSE: DAL – $49.71) is a major international airline with ten airport hubs including New York (JFK and LaGuardia), Los Angeles, Atlanta, Detroit, Minneapolis, Seattle and Salt Lake City. Internationally, Delta provides service to every major international market as part of the Sky Team Alliance with Air France-KLM, Alitalia, Korean …

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CVS Health Beats Estimates; Lowers Short-Term Guidance

Retail drugstore chain and pharmacy benefits manager CVS Health (NYSE: CVS – $78.02) reported adjusted earnings per share of $1.33, beating the $1.31 consensus. Revenue for the quarter rose 4.5% to $45.7 billion, also ahead of the $45.4 billion modeled by analysts. Operating profit in the Retail/Long-Term-Care Segment was in line with expectations on a 2.2% sales decrease, while operating profit …

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Stock to Consider: LyondellBasell

LyondellBasell Industries N.V. (NYSE: LYB – $89.10) is a global chemicals company that engages in the conversion of large volumes of liquids and gaseous hydrocarbon feedstocks into plastic resins and other chemicals. The company’s origins date back to 1953. The Lyondell Chemical Co. was spun off from Atlantic Richfield (ARCO) in 1989 and merged with …

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