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
Category: Stocks to Consider and Updates
Featured listings of the porfolio choices when they are added and future updates, arranged by sub-category.
Applied Materials to Acquire Kokusai Electric
Applied Materials, Inc. (NASDAQ: AMAT - $45.43) announced a definitive agreement to acquire all outstanding shares of Kokusai Electric Corp. for $2.2 billion in cash from global investment firm KKR. Kokusai Electric is a leading company in providing high-productivity batch processing systems and services for memory, foundry and logic customers and complement Applied's leadership portfolio… Continue reading Applied Materials to Acquire Kokusai Electric
Oracle Posts Strong Profits; Ups Outlook
Shares of Oracle Corp. (NYSE: ORCL - $57.21) are trading at an all-time high on surprisingly strong results for the enterprise software company’s fiscal fourth quarter. For the period the company reported revenue of $11.14 billion, up 1% year over year, or 4% in constant currency, ahead of the Wall Street consensus of $10.95 billion,… Continue reading Oracle Posts Strong Profits; Ups Outlook
Jabil Reports In-Line; Improves Guidance
Electronics contract-manufacturer Jabil, Inc. (NYSE: JBL - $27.32) saw higher revenue in its latest quarter and delivered earnings in-line with the target from Wall Street analysts. After adjustments, Jabil reported earnings of $0.57 a share compared to $0.46 in last year’s third period. Sales rose 13% to $6.14 billion, surpassing the $6.01 billion analysts had… Continue reading Jabil Reports In-Line; Improves Guidance
WisdomTree International Equity Fund – Update
In view of the global market’s sluggish performance of late, the shares of the WisdomTree International Equity exchange traded fund (NYSE: DWM - $49.83), have held up reasonably well since it was added to the conservative candidate list in April, 2017 appreciating about one percent and providing conservative investors with an annual 3.71% dividend yield.… Continue reading WisdomTree International Equity Fund – Update
Gilead Sciences Records Strong Profits
Foster City, California-based Gilead Sciences announced total revenue for the first quarter of $5.3 billion compared to $5.1 billion in 2018. Adjusted net income was $2.3 billion of $1.76 per share vs. $2.0 billion of $1.48 per share last year. HIV product sales rose to $3.6 billion compared to $3.2 billion primarily driven by higher… Continue reading Gilead Sciences Records Strong Profits
Marathon Petroleum Posts Lower Profits; Acquires Andeavor Logistics
Marathon Petroleum Corp. reported a first quarter loss of $7 million or $(0.01) per share. Refining & Marketing segment loss from operations was $334 million, Midstream segment income came in at $908 million and the Retail business had net income of $170 million. The company generated $1.6 billion of operating cash flow and returned $1.2… Continue reading Marathon Petroleum Posts Lower Profits; Acquires Andeavor Logistics
