Saturday, February 16th, 2008
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The latest edition of Barron’s brings some compelling facts about financial bellwether Wells Fargo (NYSE: WFC) to light. The bank, a large cap stock, is an efficient operator whose conservative approach has helped it weather the subprime storm. The fact that Warren Buffett’s Berkshire Hathaway is the bank’s largest shareholder isn’t exactly bad news either.
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Tags: Financial, Large Cap Stocks, money center banks, Stock Investment Guide
Posted in Large Cap Stocks | No Comments »
Monday, January 21st, 2008
Electronics bellwether Philips (NYSE: PHG) reported that net income more than doubled in Q4 2007 vs. Q4 2006. However, the majority of gains were due to the sale of shares in LG Philips LCD (NYSE: LPL) and Taiwan Semiconductor Manufacturing (NYSE: TSM). The company also announced plans to increase the shareholder dividend to 0.70 Euros in 2008 (an increase of 17%).
Of note were robust sales growth in its Domestic Appliances and Personal Care (12%), Consumer Electronics (10%), and Lighting (8%) divisions. Further, revenue increased in Europe / Africa (11%), Asia (17%), and Latin America (10%) but fell slightly in North America (down about 2%). The company also saw strong revenue growth in emerging markets, where sales increased approximately 18% vs. the prior quarter.
Related Links:
Philips - Earnings Results Presentations
Tags: Large Cap Stocks, PHG, Philips
Posted in Large Cap Stocks | No Comments »
Any investment has associated risks. Please read our disclaimer.