Conservative · Stocks to Consider and Updates

Allocation Update – Conservative Portfolio

Looking ahead into 2020, I am making some allocation moves for the conservative portfolio that should better reflect the expected changes to the economy including interest rates and trade and to mitigate the risk of high valuations. I like what I am seeing in the restructuring at ABB with new management and the sale of… Continue reading Allocation Update – Conservative Portfolio

Conservative · Stocks to Consider and Updates

ABB Wins Contracts

Electrification and industrial automation company ABB, Ltd. (NYSE: ABB - $23.51) said that it has won a $174.8 million contract to supply power to Genting Hong Kong Ltd.'s next generation of cruise vessels. The Swiss engineering company said it will power six vessels, each 938 feet long. The new ships will be powered by ABB’s Azipod… Continue reading ABB Wins Contracts

Conservative · Stocks to Consider and Updates

Oracle Posts Mixed Results; Reaffirms Outlook

Shares or Oracle Corp. (ORCL: NYSE - $54.85) were trading about 3% lower after the enterprise-software giant posted mixed results for its second fiscal quarter. For the period ended Nov. 30, the company' revenue totaled $9.61 billion, up 1% year-over-year, a little shy of Wall Street estimates at $9.65 billion. Management had projected revenue growth… Continue reading Oracle Posts Mixed Results; Reaffirms Outlook

Conservative · Stocks to Consider and Updates

Deere Profits Fall; Trims Outlook

Fourth quarter profits at Deere & Co. (NYSE: DE - $168.55) dropped 8% from a year ago and management issued a weak forecast for 2020 as U.S. trade disputes and bad weather squeezed it biggest customer, the American farmer. Deere now expects next year’s sales of agriculture and turf machinery to slide 5% - 10% compared with… Continue reading Deere Profits Fall; Trims Outlook

Conservative · Stocks to Consider and Updates

Colgate Beats Earnings’ Estimate; Margins Under Pressure

Colgate-Palmolive Co. (NYSE: CL -$66.74) reported third quarter sales increased about 2% from a year earlier, helped by higher volumes and prices. The maker of its namesake toothpaste, Irish Spring and Speed Stick deodorant reported a profit of $578 million compared with $523 million a year ago. Excluding one-time costs, the company reported an adjusted… Continue reading Colgate Beats Earnings’ Estimate; Margins Under Pressure

Conservative · Income · Stocks to Consider and Updates

Verizon Delivers In-Line Results; Inks Deal with Disney

Verizon Communications, Inc. (NYSE: VZ - $60.20) reported third quarter earnings of $1.25 a share, a penny above estimates and a modest 2% higher than a year-ago, on a 1% top-line improvement. Beginning in the June quarter, Verizon started reporting financial and operational results under its new operational structure: Consumer and Business.        Total Verizon… Continue reading Verizon Delivers In-Line Results; Inks Deal with Disney

Conservative · Stocks to Consider and Updates

Danaher Reports 3rd Quarter Results; Tempers Outlook

Danaher Corp. (NYSE: DHR - $136.62) said its profit rose for the third quarter as revenue increased about 4% from a year earlier. The Washington, DC-based science and technology company reported adjusted earnings of $1.16 a share vs. $1.10 last year and a penny above analysts’ consensus estimates. Revenue rose to $5.04 billion from $4.85… Continue reading Danaher Reports 3rd Quarter Results; Tempers Outlook

Conservative · Stocks to Consider and Updates

3M Beats Earnings Estimate; Guidance Disappoints

3M Co. (NYSE: MMM - $161.87) released results for the third quarter, and while the diversified products manufacturer's earnings exceeded expectations, not all the news was good. The global conglomerate posted adjusted earnings of $2.58 a share, equal to last year’s third period, but ahead of Street estimates of $2.49. However, sales missed the mark,… Continue reading 3M Beats Earnings Estimate; Guidance Disappoints

Conservative · Stocks to Consider and Updates

ABB Reports Lower Profits; Beats Expectations

Swiss engineering company ABB Ltd. (NYSE: ABB - $20.21) said third-quarter net profit and revenue fell, largely due to weaker market conditions hitting its robotics and automation business. Revenue for the period declined 3% to $6.89 billion, compared with $7.10 billion the previous year. The company restated the 2018 figures to reflect the sale of… Continue reading ABB Reports Lower Profits; Beats Expectations

Conservative · Stocks to Consider and Updates

UPS Beats Earning’s Estimate on Revenue Miss

Atlanta’s United Parcel Service (NYSE: UPS - $116.10) benefited from continued growth in overnight air shipments in the third quarter, as speedy next-day delivery increasingly becomes the standard for online orders. UPS said the high demand for next-day shipping, with volume up 24% in the U.S., and strong cost management helped the company boost profit… Continue reading UPS Beats Earning’s Estimate on Revenue Miss