Income · Stocks to Consider and Updates

Utilities Select Sector Fund – Update

The shares of the Utilities Select Sector exchange traded fund (NYSE: XLU - $51.86) have been flat over the past 52-weeks. But including dividends it has returned about 3.84% to investors, thanks to the healthy $1.83 annualized dividend, which yields about 3.3% at current levels. Traders have been moving some funds into XLU as a… Continue reading Utilities Select Sector Fund – Update

Income · Stocks to Consider and Updates

Cisco to Buy Luxtera

Cisco Systems, Inc. (NASDAQ: CSCO - $42.65) announced the intent to acquire privately held Luxtera, Inc., a semiconductor company based in Carlsbad, California that uses silicon photonics to build integrated optics capabilities for webscale and enterprise data centers, service provider market segments and other customers. Luxtera’s technology, design, and manufacturing innovation significantly improves chip scale and… Continue reading Cisco to Buy Luxtera

Income · Stocks to Consider and Updates

Royal Bank Beats Street Estimates

Income portfolio candidate Royal Bank of Canada (NYSE: RY - $73.96) reported a 15% increase in net income to C$3.25 billion ($2.45 billion) during the quarter. Results included a 10% rise in net income from the Retail Banking segment to C$1.54 billion, benefiting from improved margins and growth in residential mortgages, commercial lending and deposits. RBC reported a… Continue reading Royal Bank Beats Street Estimates

Income · Stocks to Consider and Updates

Total Enters Brazilian Retail Market

French oil, gas and chemical giant Total SA (NYSE: TOT - $54.85) said that it has agreed with Brazilian company Grupo Zema to acquire its fuel distribution company Zema Petróleo, its reseller and retailer arm Zema Diesel as well as its importation company Zema Importacao. Zema Petróleo currently manages an extensive branded network of 280… Continue reading Total Enters Brazilian Retail Market

Income · Stocks to Consider and Updates

Intel Announces Share Buyback Program

Semiconductor behemoth Intel Corp. (NASDAQ: INTC - $48.61) announced that its Board of Directors has approved a $15 billion increase in its authorized stock repurchase program. The company had $4.7 billion remaining under its existing repurchase authorization as of Sept. 29, 2018. Under this authorization, Intel is not required to purchase shares, but may choose to do so in… Continue reading Intel Announces Share Buyback Program

Income · Stocks to Consider and Updates

Cisco Beats Street Views; Guides In Line

Shares of networking equipment and software provider Cisco Systems (NASDAQ:  CSCO - $45.44) are ticking higher by 2.6% after reporting better-than-expected results for the first quarter of fiscal 2019. Revenue of $13.1 billion grew 8% year over year - also above expectations - with product sales up 9%, service revenue 3% and product orders advancing… Continue reading Cisco Beats Street Views; Guides In Line

Income · Stocks to Consider and Updates

LyondellBasell Profits and Revenue Rise

Netherlands's LyondellBasell Industries N.V (NYSE: LYB - $86.03) reported a 5.4% rise in third-quarter profit as revenue increased. The chemicals and oil refining company earned a $1.11 billion, or $2.85 a share, compared with $1.06 billion, or $2.67, for the same period last year. Analysts were predicting $2.70. Sales rose to $10.16 billion from $8.52 billion and also exceeded Street expectations… Continue reading LyondellBasell Profits and Revenue Rise