Income · Stocks to Consider and Updates

Cisco Reports In-line; Outlook Disappoints

Networking equipment and software provider Cisco Systems, Inc. (NASDAQ : CSCO  -$46.55) reported in-line results for the fiscal fourth quarter. However, guidance was below expectations and the shares are down about 8% in response. Total revenue of $13.4 billion matched Street estimates and grew 6% year-over-year, with around 10% of the advance coming from acquisitions.… Continue reading Cisco Reports In-line; Outlook Disappoints

Income · Stocks to Consider and Updates

Income Portfolio – Allocation Update

I am making a few allocation changes to the income portfolio. I am increasing the share of the pie for CVS Health as they may be finally turning the corner and the shares are highly undervalued. CVS is bumped from 6% to 8%. Conversely, the cyclical nature of the chemical industry is taking its toll… Continue reading Income Portfolio – Allocation Update

Income · Stocks to Consider and Updates

CVS Posts Strong Results; Improves Guidance

Health care services provider CVS Health Corp. (NYSE: CVS - $57.34) reported adjusted earnings per share of $1.89, beating both last year’s results and Wall Street consensus estimates of $1.69. Total revenue was $63.4 billion, which included revenue from Aetna and not comparable to last year’s figure, but higher than Street estimates of $62.63 billion.… Continue reading CVS Posts Strong Results; Improves Guidance

Income · Stocks to Consider and Updates

LyondellBasell Misses Estimates; Hikes Dividend

Shares of chemicals major LyondellBasell Industries N.V. (NYSE: LYB - $77.65) are retreating about 5% after reporting second quarter earnings per share of $2.70, down from $4.22 a year ago and missing the $2.83 average estimate from analysts. Sales fell to $9.05 billion from $10.21 billion a year earlier, also short of the $9.61 billion… Continue reading LyondellBasell Misses Estimates; Hikes Dividend

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

Income · Stocks to Consider and Updates

Total Profits Miss Street Mark on Higher Revenue; Hikes Dividend

France’s energy giant Total S.A. (NYSE: TOT - $53.56) posted a fall in profits for the latest quarter, after natural gas prices plunged in Europe and Asia, which was partly offset by overall hydrocarbon production growth and higher oil prices. Total's production beat expectations, rising 9% to 2.96 million barrels a day following the startup… Continue reading Total Profits Miss Street Mark on Higher Revenue; Hikes Dividend

Income · Stocks to Consider and Updates

Intel Reports Higher Profits; Raises Guidance

Chip behemoth Intel Corp. (NASDAQ: INTC - $51.79) reported fairly strong results during the June interim. Adjusted earnings dialed in at $1.06 vs. $1.04 last year and seventeen cents better than estimates. Although sales fell 2.7% on a year-over-year basis, to $16.5 billion, this figure came in markedly above the $15.6 billion consensus, which was… Continue reading Intel Reports Higher Profits; Raises Guidance

Income · Stocks to Consider and Updates

Johnson & Johnson Beats Street Views; Ups Revenue Guidance

Health products and pharmaceutical giant Johnson & Johnson (NYSE: JNJ - $132.80) reported adjusted earnings per share of $2.58 compared to $2.10 a year ago and beating the consensus of $2.46. Revenue fell to $20.562 billion from $20.830 billion in the year-earlier quarter but beat Street views of $20.293 billion. Sales from J&J's Consumer business… Continue reading Johnson & Johnson Beats Street Views; Ups Revenue Guidance

Income · Stocks to Consider and Updates

Cisco Systems Agrees to Buy Acacia Communications

Cisco Systems. Inc. (NASDAQ: CSCO - $56.54) said it agreed to buy Acacia Communications, Inc. for about $2.6 billion, in a deal that boosts Cisco's optical networking portfolio. Acacia, of Maynard, Mass., delivers high-speed coherent optical interconnect products, relied upon by cloud infrastructure operators and content and communication service providers. Customers include leading network equipment manufacturers and… Continue reading Cisco Systems Agrees to Buy Acacia Communications

Income · Stocks to Consider and Updates

CVS Reports Strong Results; Lifts Guidance

Pharmacy and health insurer CVS Health (NYSE: CVS - $57.55) reported better-than-expected first-quarter results in the first full quarter that includes results from its acquisition of Aetna. Adjusted earnings climbed to $1.62 a share compared with $1.48 a share in the same period of 2018. The consensus was for $1.51 a share. Revenue rose 35% to $61.6 billion, beating the Street view… Continue reading CVS Reports Strong Results; Lifts Guidance