Tag: gold mint

Kraft Foods Q4 Profit Falls on Acquisition Costs; Forecast Cut (KFT)

Filed in dividend, earnings, Gold Investment, o, revenue, shares by on February 11, 2011 0 Comments

Packaged foods giant Kraft Foods Inc. ( KFT ) late Thursday said its fourth quarter profit plunged 24% from last year due to Cadbury acquisition costs, and lowered its full-year outlook on cost concerns. The Northfield, IL-based company reported fourth quarter net income of $540 million, or 31 cents per share, compared with $710 million, or 48 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 46 cents per share. Revenue surged 30% from last year, due mostly to the addition of Cadbury revenue, to $13.77 billion. On average, Wall Street analysts expected a matching profit of 46 cents per share, on lower revenue of $13.48 billion. Looking ahead, the company warned that weak consumer confidence and rising ingredient costs would affect its bottom line. Kraft said it now expects 11% to 13% earnings growth for the year, compared with a prior forecast for growth in the “mid-teens.” Kraft shares fell 81 cents, or -2.6%, in premarket trading Friday. The Bottom Line We have been recommending shares of Kraft Foods ( KFT ) since May 5, 2009, when the stock was trading at $24.26. The company has a 3.73% dividend yield, based on last night’s closing stock price of $24.26. Kraft Foods Inc. ( KFT ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Market Wrap-Up for Feb.10 (ALL, PEP, PRU, WFMI, WMT, T, more)

I was reading more of the major Harris Poll that was released a few days back and a startling revelation that just floored me was 41% of young people between ages 18 and 33 say their personal savings is mostly in bank savings accounts and CDs. This is not a smart move, period! The media did a great job of scaring many out of the markets 18-24 months ago, and the impact on the younger generation could be quite dangerous if they continue to just “break even” with low yield investments. This ultra-conservative nature is not just going to take a toll on younger investors, but older investors as well. look at the latest annuity sales, which jumped 24% in January 2011 from the previous year. What many investors don’t realize is that now is simply a terrible time to buy annuities, because their returns are severely limited in today’s low interest rate environment. Annuities are fixed income investments offered by life insurance companies. In short, you give the insurer your money, and they make monthly payments to you over a specified period of time. There’s nothing wrong with annuities per se, but the timing for buying annuities is extremely important. In general, as …

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Ingersoll-Rand Shares Plummet as Q4 Profit Misses View (IR)

Filed in dividend, earnings, Gold Investing, Gold Investment, o, revenue, shares by on February 9, 2011 0 Comments

Climate control systems maker Ingersoll-Rand plc ( IR ) on Wednesday said its fourth quarter profit jumped 52% from last year, but results still missed analyst expectations and the company offered a tepid 2011 forecast. The Dublin, Ireland-based company reported fourth quarter net income of $212.1 million, or 62 cents per share, compared with $139.4 million, or 42 cents per share, in the year-ago period. Revenue rose 12% from last year to $3.7 billion. On average, Wall Street analysts expected a higher profit of 65 cents per share, albeit on lower revenue of $3.58 billion. Looking ahead, the company forecast full-year 2011 adjusted earnings to range from $2.90 to $3.10 per share, which could miss analysts’ view for $3.07 per share. Ingersoll-Rand shares fell $2.53, or -5.2%, in premarket trading Wednesday. The Bottom Line Shares of Ingersoll-Rand ( IR ) have a .57% dividend yield, based on last night’s closing stock price of $49.03. The stock has technical support in the $42-$43 price area. If the shares can firm up, we see overhead resistance around the $54-$55 price levels. Ingersoll-Rand plc ( IR ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Clorox Q2 Earnings Plunge 81% on Charges; Adjusted Net Beats View (CLX)

Filed in dividend, earnings, Gold Investing, Gold Investment, o, revenue, shares by on February 4, 2011 0 Comments

Cleaning products maker The Clorox Company ( CLX ) on Friday said its fourth quarter profit plummeted 81% from last year due to hefty one-time charges, but its adjusted results beat analyst expectations. The Oakland-based company reported fourth quarter net income of $21 million, or 15 cents per share, compared with $110 million, or 77 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 68 cents per share. Revenue fell 3% from last year to $1.18 billion. On average, Wall Street analysts expected a much lower adjusted profit of 46 cents per share, albeit on slightly higher revenue of $1.19 billion. Looking ahead, the company said it expects full-year 2011 adjusted earnings to range from $3.85 to $4 per share, which could miss analysts’ estimates of $3.99 per share for the year. Clorox shares fell 98 cents, or -1.5%, in premarket trading Friday. The Bottom Line We have been recommending shares of Clorox ( CLX ) since July 30, 2009, when the stock was trading at $60.26. The company has a 3.45% dividend yield, based on last night’s closing stock price of $63.75. The Clorox Company ( CLX ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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MasterCard’s Target, Estimates Raised at Goldman Sachs (MA)

Credit card issuer MasterCard Incorporated ( MA ) on Friday saw its price target and earnings estimates raised by analysts at Goldman Sachs. The firm said it now expects MA shares to reach $273, which implies an 11% upside to the stock’s Thursday closing price of $245.39. Goldman also said it maintained its “Buy” rating on MA an raised its earnings estimates, citing the company’s strong sales momentum. MasterCard shares pulled back slightly in premarket trading Friday. The Bottom Line Shares of Mastercard ( MA ) have a .24% dividend yield, based on last night’s closing stock price of $245.39. The stock has technical support in the $230 price area. If the shares can firm up, we see overhead resistance around the $250 price level. MasterCard Incorporated ( MA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Weyerhaeuser Swings to Q4 Profit as Adjusted Net Beats View (WY)

Filed in dividend, Gold Investing, o, revenue, shares by on February 4, 2011 0 Comments

Forest products maker Weyerhaeuser Company ( WY ) on Friday said it reversed a year-ago loss in the fourth quarter, as adjusted results beat analyst expectations, and the company continued to sell off some of its timberlands. The Federal Way, WA-based company reported fourth quarter net income of $171 million, or 32 cents per share, compared with a net loss of $175 million, or 83 cents per share, in the year-ago period. Excluding one-time gains from timberland sales, adjusted profit was 10 cents per share. Revenue rose 14% from last year to $1.66 billion. On average, Wall Street analysts expected a smaller profit of 5 cents per share, on lower sales of $1.55 billion. The company also announced that it sold some 82,000 acres of timberlands in southwestern Washington state to the Hancock Timber Resource Group, for an asking price of approximately $200 million. Weyerhaeuser shares rose 43 cents, or +1.8%, in premarket trading Friday. The Bottom Line We have been recommending shares of Weyerhaeuser ( WY ) since Jan.21, 2011, when the stock was trading at $21.60. The company has a .85% dividend yield, based on last night’s closing stock price of $23.60. Weyerhaeuser Company ( WY ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Market Wrap-Up for Feb.3 (EL, NEM, YUM, K, CME, CVS, more)

The markets got off to a negative start today, but within the averages were several names that stood out on the upside, helping push the averages green by the market close. Screaming higher today were shares of Estee Lauder ( EL ) after the cosmetics giant beat estimates on its earnings report and raised guidance significantly. This is a name we have been watching closely and one we will consider on decent pullbacks. Also moving up on earnings-related stories were Ross Stores ( ROST ), Yum Brands ( YUM ), and Kellogg ( K ). On the flipside, earnings results hurt stocks like Ameriprise Financial ( AMP ), CME Group ( CME ), and CVS Caremark ( CVS ). Holding the averages back today a bit are energy plays that are seeing some red following multi-day gains. Newmont Mining ( NEM ) announced an acquisition this morning of Fronteer Gold ( FRG ). I will be watching the mining companies closely to see if this can get gold and sliver out of their recent slump. As I get prepared to do a national radio campaign where I will be interviewed on about 20-25 different national affiliates (I will give readers a heads up whenever I know I will be going on somewhere) regarding my “Be a Dividend Millionaire” book and of course our Dividend.com business, I want to reflect on my initial foray into the media world. About two years ago, I reached out to a local NBC affiliate to talk about what was happening in the economy and it was quite an enlightening experience. I learned some lessons early on about the media biz and business news from a local affiliate standpoint. First of all, I went in cold with no experience or training, and that likely showed my first few times on the air (fortunately no Cindy Brady-style freezing when the on-air light came on). After that, I seemed to find my groove. Unfortunately at the time, the economy was in the dumps and there was little I could do to sugarcoat the situation. Being a tell-it-like-it-is person is not something that broadcasters enjoy, depending on the station and people you deal with. In my case, my segments were focused on avoiding layoffs and when will the economy rebound. I had little in the way I was able to contribute from an investing standpoint (not my call, but the station manager at the time). I also learned about writing your own segments, which is what I had to do. The anchor would literally receive my notes for the first time as I was being seated up at the anchor desk a minute before going on the air. Can you say chaotic? I stopped doing the segments as there was a bit too much demand on what was needed for me to produce the segments, along with being held back from showcasing my investing expertise. I am excited to begin working with a top media/PR person who has worked with some key names in the financial and publishing space. I hope I am able to keep things real during my upcoming media appearances, and won’t be forced…

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Chevron’s Q4 Profit Surges 71%, Beating View (CVX)

Filed in Chevron, dividend, Gold Investing, o, revenue, shares by on January 28, 2011 0 Comments

Oil producer Chevron Corporation ( CVX ) on Friday posted a 71% gain in fourth quarter profit on higher revenue and a big one-time gain, beating analyst estimates. The San Ramon, CA-based company reported fourth quarter net income of $5.3 billion, or $2.64 per share, compared with $3.1 billion, or $1.53 per share, in the year-ago period. Revenue rose 11% from last year to $54 billion. On average, Wall Street analysts expected a smaller profit of $2.35 per share, albeit on higher revenue of $60 billion. Chevron shares fell 45 cents, or -0.5%, in premarket trading Friday. The Bottom Line We have been recommending shares of Chevron ( CVX ) since Oct.8, 2009, when the stock was trading at $70.51. The company has 3.04% dividend yield, based on last night’s closing stock price of $94.75. Chevron Corporation ( CVX ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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General Electric Upgraded to “Buy” at Argus Research on Strong Industrial Business (GE)

Multinational conglomerate General Electric Company ( GE ) on Friday caught a big upgrade from analysts at Argus Research. The firm said it boosted its rating on GE from “Hold” to “Buy” with a $26 price target. That target implies a 28% upside to the stock’s Thursday closing price of $20.28. An Argus analyst noted that GE’s strengthening industrial business is driving growth within the company. General Electric shares rose 12 cents, or +0.6%, in premarket trading Friday. The Bottom Line We have been recommending shares of General Electric ( GE ) since July 23, 2010, when the stock was trading at $15.21. The company has a 2.76% dividend yield, based on last night’s closing stock price of $20.28. General Electric Company ( GE ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Colgate’s Q4 Profit Edges Lower, but Still Beats View (CL)

Filed in dividend, Gold Investing, Gold Investment, o, revenue, shares by on January 27, 2011 0 Comments

Consumer products maker Colgate-Palmolive Company ( CL ) on Thursday said its fourth quarter profit fell about 1% from last year, but results still beat analyst expectations. The New York-based company reported fourth quarter net income of $624 million, or $1.24 per share, compared with $631 million, or $1.21 per share, in the year-ago period. Revenue fell 3% from last year to $3.98 billion. On average, Wall Street analysts expected a slightly lower profit of $1.23 per share, albeit on higher revenue of $4.07 billion. Colgate-Palmolive shares were mostly flat in premarket trading Thursday. The Bottom Line Shares of Colgate-Palmolive ( CL ) have a 2.65% dividend yield, based on last night’s closing stock price of $80. The stock has technical support in the $74-$76 price area. If the shares can firm up, we see overhead resistance around the $82-$84 price levels. Colgate-Palmolive Company ( CL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Procter & Gamble Q2 Profit Falls, but Still Beats Expectations (PG)

Filed in dividend, Gold Investing, Gold Investment, o, revenue, shares by on January 27, 2011 0 Comments

Consumer products maker The Procter & Gamble Company ( PG ) on Thursday said its fiscal second quarter profit fell significantly from last year, but results still beat analysts’ view . The Cincinnati-based compared reported fiscal second quarter net income of $3.33 billion, or $1.11 per share, compared with $4.66 billion, or $1.49 per share, in the year-ago period. Last year’s results were bolstered by a big one-time gain. Revenue rose 2% from last year to $21.3 billion. On average, Wall Street analysts expected a slightly smaller profit of $1.10 per share, albeit on higher revenue of $21.51 billion. Looking ahead, the company forecast a 5% to 7% revenue gain for the current third quarter, with profits ranging from 95 cents to $1. Analysts currently expect 99 cents for the quarter. Procter & Gamble shares fell $1.61, or -2.4%, in premarket trading Thursday. The Bottom Line We have been recommending shares of Procter & Gamble ( PG ) since Sept.1, 2009, when the stock was trading at $54.11. The company has a 2.92% dividend yield, based on last night’s closing stock price of $66.11. The Procter & Gamble Company ( PG ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Market Wrap-Up for Jan.25 (KMB, VZ, HOG, AXP, JNJ, MMM, more)

Filed in dividend, earnings, G 20, Gold Investment, lead, Lear, o, Tegra by on January 25, 2011 0 Comments

We are getting more data on housing today, and essentially nothing new has come to light. The latest numbers are finding single-family home prices fell for a fifth straight month in November. At some point, business television will lose the emphasis on the importance housing will play in the current economic recovery. Unfortunately for us, Dow 12K is starting to get on the radar for the pundits, as if it really matters. There is a bit of a new vibe when it comes to the American dream of owning a home. Increasingly, Americans are disregarding the home as an integral part of their nest egg, opting instead to rent. There’s still money to be made in buying and selling real estate, but for the average Joe, the roadblocks to owning real estate have gotten much bigger with much stricter lending standards. Many banks are actually reverting back to requiring 20-30% down payments to consider a buyer “serious.” I stick to the idea that if you are looking to reap money out of buying a property, focus on multi-family units where you can take residence and have the tenant help pay for a piece of your mortgage note. Just be ready to be a landlord — it’s not for everybody. Some of my relatives and friends have been very successful with this strategy, eventually moving on to buying larger multi-family properties. It makes sense to start small at first, though. There’s no sense in buying something too big unless you’ve tasted life as a landlord and can stomach it on a larger scale. This morning, we added two more dividend names to our “Best Dividend Stocks” List . Be sure to check out …

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