Conservative · Stocks to Consider and Updates

Oracle Reports Earnings In Line on Revenue Miss; Ups Share Buybacks

For the first fiscal quarter, Oracle Corp. (NYSE: ORCL - $53.37) posted revenue of $9.22 billion, up slightly from a year ago and a hair below consensus at $9.29 billion. Adjusted earnings per share came in at $0.81 compared to $0.71 last year and in line with expectations. Oracle had projected earnings for the quarter… Continue reading Oracle Reports Earnings In Line on Revenue Miss; Ups Share Buybacks

Conservative · Stocks to Consider and Updates

Deere Misses Estimates; Cuts Earning’s Outlook

Deere & Co. (NYSE: DE - $148.87) said sales from agricultural equipment fell in its latest quarter, as farmers scale back on major purchases amid concerns over crop conditions, uncertain near-term commodity demand and the trade war between the U.S. and China. Net sales of equipment decreased 3.4% from a year ago to $8.97 billion, pulling… Continue reading Deere Misses Estimates; Cuts Earning’s Outlook

Conservative · Stocks to Consider and Updates

Conservative Portfolio – Allocation Update

Following second quarter earnings and guidance from the companies comprising the conservative portfolio along with macro-economic issues regarding trade and global growth, I am making the following changes to the allocation model. ABB is taking longer to restructure under new management and growth in key markets is weak. ABB is taken down from 9% of… Continue reading Conservative Portfolio – Allocation Update

Conservative · Income · Stocks to Consider and Updates

Verizon Reports Better-than-Expected Results

Verizon Communications, Inc. (NYSE: VZ - $55.95) reported total revenues in the second quarter at $32.1 billion, down 0.4% from last year. Wireless service revenue growth was offset by lower wireless equipment and wireline service revenue. Net income was $4.1 billion. Adjusted earnings per share totaled $1.23, three cents better than last year and three… Continue reading Verizon Reports Better-than-Expected Results

Conservative · Stocks to Consider and Updates

Colgate Delivers In Line Earnings on Lower Sales Growth; Reiterates Outlook

Colgate-Palmolive Co. (NYSE: CL - $72.98), which sells oral care, household and personal care products as well as pet nutrition, reported revenue of $3.87 for the second quarter, down from $3.89 billion in 2018. This was below the consensus estimate of $3.88 billion. The company said that the result was impacted by a negative 4.5%… Continue reading Colgate Delivers In Line Earnings on Lower Sales Growth; Reiterates Outlook

Conservative · Stocks to Consider and Updates

ABB Reports 2nd Quarter Results; Outlook Cautious

Swiss engineering company ABB, Ltd. (NYSE – ABB - $18.53) said that second quarter profits fell sharply due to charges relating to the sale of its solar-inverter business. The company reported net profit of $64 million compared with $681 million a year earlier, while revenue climbed 7% to $7.17 billion from $6.73 billion. Analysts had… Continue reading ABB Reports 2nd Quarter Results; Outlook Cautious

Conservative · Stocks to Consider and Updates

3M Beats Street Views on Lower Profits and Revenue

Diversified manufacturer 3M Co. (NYSE: MMM - $177.75) reported second-quarter year-over-year declines at the top and bottom lines, but both exceeded expectations. Adjusted earnings came in at $2.20 a share, down 12% from the year-earlier mark, but a dime ahead of the Wall Street consensus estimate. It was a similar story at the top line,… Continue reading 3M Beats Street Views on Lower Profits and Revenue