Income · Stocks to Consider and Updates

LyondellBasell Posts Strong Results on Higher Revenue

Chemical and oil refining giant LyondellBasell Industries (NYSE: LYB - $110.00) reported second-quarter earnings that topped expectations, boosted by strong results from its intermediates and derivatives and technology segments. For the quarter the company reported a profit of $1.65 billion up from $1.13 billion a year earlier. On an adjusted basis, excluding the impact of a non-cash… Continue reading LyondellBasell Posts Strong Results on Higher Revenue

Income · Stocks to Consider and Updates

Johnson & Johnson to Acquire Zarbee’s

The Consumer Division of Johnson & Johnson (NYSE: JNJ - $132.45) announced that it has entered into a definitive agreement to acquire Zarbee's, Inc., a privately held company that is a leader in naturally based healthcare products.  The acquisition will include the full line of Zarbee's Naturals products for children and adults. J&J’s Baby Care line… Continue reading Johnson & Johnson to Acquire Zarbee’s

Income · Stocks to Consider and Updates

Intel Beats Estimates; Raises Guidance

Chip giant Intel Corp. (NASDAQ: INTC - $47.61) reported second-quarter earnings that were largely positive, though its share price has pulled back by over 8% in early trading. Total revenue came in at nearly $17 billion, which was slightly higher than Street estimates of $16.9 billion. Share net totaled $1.04, eight cents better than consensus… Continue reading Intel Beats Estimates; Raises Guidance

Aggressive · Income · Stocks to Consider and Updates

International Paper Tops Expectations

Memphis-based International Paper Co. (NYSE: IP - $51.47) reported second quarter 2018 net earnings of $405 million compared $80 million the second quarter of last year. On an adjusted basis, IP earned $1.19 per share up 80% from last year’s $0.66 and ten cents better than Street consensus. Total revenue increased to $5.83 billion from $5.38 billion and beat the… Continue reading International Paper Tops Expectations

Income · Stocks to Consider and Updates

Total Reports Strong Second Quarter Results

French energy company Total S.A (NYSE: TOT - $62.50) reported second quarter adjusted earnings of $1.31 per share, up from $0.97 per share in the prior year period which came in two cents lower than the consensus of analysts. Sales for the quarter were $52.54 billion, up from $39.92 billion reported for the same period last year. In the release, the company said that… Continue reading Total Reports Strong Second Quarter Results

Income · Portfolio Changes

Portfolio Change – Kimberly-Clark

I am removing income candidate Kimberly-Clark Corp. after the company reported weak year-over-year results and lowered its guidance for the full year. While over the long-term, KMB should do well, its restructuring program and cost reduction program will take time and I believe there are better opportunities in the income space. The shares, excluding the… Continue reading Portfolio Change – Kimberly-Clark

Income · Stocks to Consider and Updates

Johnson & Johnson Beats Estimates; Lowers Guidance

The pharmaceuticals business of income choice Johnson & Johnson (NYSE: JNJ - $130.13) helped drive sales growth for the latest quarter, but the health-products giant's U.S. consumer business continued to struggle. Total sales for the second period rose 11% from a year ago to $20.83 billion above analysts' estimates of $20.39 billion. Sales in the pharmaceuticals division… Continue reading Johnson & Johnson Beats Estimates; Lowers Guidance