Barron’s picks 10 stocks as good dividend bets
Nov 23, 2009 Make Money Online
Barron’s highlighted ten companies that it sees as good bets for investments with big dividends that look safe for the long term, including Banco Santander (SAN.MC) at the top of its list and Verizon Communications (VZ.N).
Barron’s Nov 23 edition cited Banco Santander’s relative financial strength in a troubled industry as well as its geographic diversity and a 10-year return rate of 9.2 percent, annualized through Oct 30 2009.
It said its No. 2 pick Chevron (CVX.N) offers a dollar hedge, exposure to oil and gas and a 8.8 percent 10-year return on the same basis as the first company on the list.
The paper’s No. 3 is chip market leader Intel Corp (INTC.O), which recently raised its dividend. Barron’s said “there is probably more of that to come” but noted that its 10-year return rate was a negative 5.6 percent. Read the rest of this entry »
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Sun Micro sales fall, Oracle deal delay stings
Nov 7, 2009 Make Money Online
Computer maker Sun Microsystems Inc (JAVA.O) suffered a 25 percent fall in quarterly revenue, as uncertainty over its delayed sale to Oracle Corp (ORCL.O) hurt its business.
Lower operating expenses helped Sun Microsystems curb its fiscal first quarter loss to $120 million, or 16 cents a share compared with $1.68 billion, or $2.24 a share, a year earlier, according to a filing with the U.S. Securities and Exchange Commission.
But revenue fell to $2.24 billion from $2.99 billion in the same quarter a year earlier, and was lower than the average analyst estimate of $2.34 billion, according to Thomson Reuters I/B/E/S.
The 25 percent drop was also steeper than the sales slump at other technology companies. Oracle’s total revenue last quarter fell 5 percent from a year earlier, while chipmaker Intel Corp’s (INTC.O) revenue fell 7.8 percent.
“Our first quarter of fiscal year 2010 results continued to be affected by the economic downturn, the uncertainty associated with our proposed acquisition by Oracle, increased competition and delays in customer purchasing decisions,” Sun said in a statement on Friday.
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Tags: Gmail IMAP, Hewlett-Packard Co, HPQ.N, IBM, IBM.N, INTC.O, Intel Corp, JAVA.O, Oracle Corp, ORCL.O, Sun Microsystems Inc, U.S. Securities and Exchange Commission
Global stocks near two-week highs, dollar wilts By Ian Chua
Jul 15, 2009 Make Money Online
Global stocks rose to their highest level in nearly two weeks on Wednesday as blockbuster results from major firms such as tech bellwether Intel Corp (INTC.O) underpinned appetite for riskier assets.
Goldman Sachs (GS.N) and Intel posted solid results while Johnson & Johnson (JNJ.N) beat analysts’ forecasts with a 5 percent fall in second-quarter earnings, getting the U.S. earnings season off to a bright start.
The news helped lift U.S. crude oil above $60 a barrel and drive three-month copper up 1.6 percent, but the dollar and less risky assets such as government bonds suffered.
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Tags: Barrel, Crude Oil, Dollar, Euro, Frankfurt, Global Stock, Goldman Sachs, Goverment, Intel Corp, Johnson&Johnson, Oil, Stock, Stock Market
