Stocks soared today as the monthly jobs report came in above expectations. The Dow Jones Industrial Average (DJINDICES: ^DJI ) finished up 207 points, or 1.4%, to close the week at 15,248.
The Labor Department reported that 175,000 jobs were added in May, better than consensus projections at 159,000. However, the jobs report was not stellar across the board as private-sector jobs only beat estimates by 3,000, and the unemployment rate ticked to 7.6% from 7.5% in April. The Labor Department also revised down its estimate of jobs created in April from 165,000 to 149,000. Given the negatives in the report, the market's reaction seems to be a bit exaggerated.
Boeing (NYSE: BA ) was the biggest winner out of the blue chips, gaining 2.7%, as the aerospace maker was a part of a $4 billion deal announced today that includes Rolls-Royce and Singapore Airlines. According to the agreement, Rolls Royce will provide engines for 50 Boeing 787 jets. The aerospace giant shares have continued to move higher now that its Dreamliner battery fire problems have been resolved. Boeing hit a five-year high today, and shares are up 35% this year.
Top 5 Blue Chip Stocks To Own Right Now: Apple Inc.(AAPL)
Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication and media devices, and portable digital music players, as well as sells related software, services, peripherals, networking solutions, and third-party digital content and applications worldwide. The company sells its products worldwide through its online stores, retail stores, direct sales force, third-party wholesalers, resellers, and value-added resellers. In addition, it sells third-party Mac, iPhone, iPad, and iPod compatible products, including application software, printers, storage devices, speakers, headphones, and other accessories and peripherals through its online and retail stores; and digital content and applications through the iTunes Store. The company sells its products to consumer, small and mid-sized business, education, enterprise, government, and creative markets. As of September 25, 2010, it had 317 retail stores, including 233 stores in the United States and 84 stores internationally. The company, formerly known as Apple Computer, Inc., was founded in 1976 and is headquartered in Cupertino, California.
Advisors' Opinion:- [By Stephen Quickel]
Our technology stocks are generally high-priced. However, three trade at PEGS in the 0.71 to 0.88 range and offer high-teens earnings growth rates��amely Apple (AAPL), Sandisk (SNDK) and Qualcomm (QCOM).
- [By Rick Munarriz]
When Apple (NASDAQ: AAPL ) sold just 5 million iPhone 5 devices in its debut weekend in the fall, many pegged that as a disappointment. When Samsung announced that it cleared 10 million Samsung Galaxy S4 smartphones in its first month, the discussion eventually evolved into inevitable slowdowns at the supplier level.
Top 5 Blue Chip Stocks To Own Right Now: International Business Machines Corporation(IBM)
International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. Its Global Technology Services segment provides IT infrastructure and business process services, including strategic outsourcing, process, integrated technology, and maintenance services, as well as technology-based support services. The company?s Global Business Services segment offers consulting and systems integration, and application management services. Its Software segment offers middleware and operating systems software, such as WebSphere software to integrate and manage business processes; information management software for database and enterprise content management, information integration, data warehousing, business analytics and intelligence, performance management, and predictive analytics; Tivoli software for identity management, data security, storage management, and datacenter automation; Lotus software for collaboration, messaging, and so cial networking; rational software to support software development for IT and embedded systems; business intelligence software, which provides querying and forecasting tools; SPSS predictive analytics software to predict outcomes and act on that insight; and operating systems software. Its Systems and Technology segment provides computing and storage solutions, including servers, disk and tape storage systems and software, point-of-sale retail systems, and microelectronics. The company?s Global Financing segment provides lease and loan financing to end users and internal clients; commercial financing to dealers and remarketers of IT products; and remanufacturing and remarketing services. It serves financial services, public, industrial, distribution, communications, and general business sectors. The company was formerly known as Computing-Tabulating-Recording Co. and changed its name to International Business Machines Corporation in 1924. IBM was founded in 1910 and is based in Armonk, New York.
Advisors' Opinion:- [By Ben Levisohn]
The Fed minutes suggested a dovish course for monetary policy, helping to boost stocks as Visa (V), Boeing (BA), Facebook (FB), Vertex Pharmaceuticals (VRTX) and International Business Machines (IBM) rose.
- [By Philip Springer] In its long history, International Business Machines Corp. (NYSE: IBM) has been a pioneer in several technology areas. But the company surprisingly also has led the way when it comes to financial engineering. IBM has been actively and consistently buying its own stock for 20 years, foreshadowing a trend that became popular in the 21st century.
5 Best Beverage Stocks To Own For 2015: Colgate-Palmolive Company(CL)
Colgate-Palmolive Company, together with its subsidiaries, manufactures and markets consumer products worldwide. It offers oral care products, including toothpaste, toothbrushes, and mouth rinses, as well as dental floss and pharmaceutical products for dentists and other oral health professionals; personal care products, such as liquid hand soap, shower gels, bar soaps, deodorants, antiperspirants, shampoos, and conditioners; and home care products comprising laundry and dishwashing detergents, fabric conditioners, household cleaners, bleaches, dishwashing liquids, and oil soaps. The company offers its oral, personal, and home care products under the Colgate Total, Colgate Max Fresh, Colgate 360 Advisors' Opinion:
- [By Dan Caplinger]
Moreover, it's starting to appear that Clorox has weathered a tough part of its business cycle. Throughout the industry, Procter & Gamble (NYSE: PG ) , Colgate-Palmolive (NYSE: CL ) , and Clorox all had to deal with rising costs for the inputs they needed to make their respective products. The companies responded by implementing price-cutting measures and passing on part of their higher costs to their customers. For its part, Clorox was able to expand its gross margins by a full percentage point, with a worse-than-normal flu season contributing to sales. Now that input-cost inflation is easing, P&G and Clorox expect to see better profitability, with growth starting to approach the faster rates that Colgate has enjoyed.
- [By Douglas A. McIntyre]
Some traditional brand powerhouses have lost ground in the Top 100 since 2009. These include BMW, FedEx Corp. (NYSE: FDX) and Colgate-Palmolive Co. (NYSE: CL).
Top 5 Blue Chip Stocks To Own Right Now: Philip Morris International Inc(PM)
Philip Morris International Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes and other tobacco products in markets outside of the United States. Its international product brand line comprises Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. The company also offers its products under the A Mild, Dji Sam Soe, and A Hijau in Indonesia; Diana in Italy; Optima and Apollo-Soyuz in the Russian Federation; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia. It operates primarily in the European Union, Eastern Europe, the Middle East, Africa, Asia, Canada, and Latin America. The company is based in New York, New York.
Advisors' Opinion:- [By Shauna O'Brien]
On Wednesday, Philip Morris International Inc. (PM) announced that its board has approved a 10.6% increase to its quarterly dividend.
PM has increased its dividend from 85 cents to 94 cents per share, or $3.76 annually.
The dividend will be paid on October 11 to shareholders of record on September 26. The stock will go ex-dividend on September 24.
Philip Morris shares were mostly flat during pre-market trading Wednesday. The stock has been mostly flat YTD.
Top 5 Blue Chip Stocks To Own Right Now: Chevron Corporation(CVX)
Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The Upstream segment involves in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as holds interest in a gas-to-liquids project. The Downstream segment engages in the refining of crude oil into petroleum products; marketing of crude oil and refined products primarily under the Chevron, Texaco, and Caltex brand names; transportation of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacture and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It a lso produces and markets coal and molybdenum; and holds interests in 13 power assets with a total operating capacity of approximately 3,100 megawatts, as well as involves in cash management and debt financing activities, insurance operations, real estate activities, energy services, and alternative fuels and technology business. Chevron Corporation has a joint venture agreement with China National Petroleum Corporation. The company was formerly known as ChevronTexaco Corp. and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.
Advisors' Opinion:- [By Sue Chang]
On Friday, Chevron Corp. (CVX) �is projected to report third-quarter earnings of $2.69 a share, according to a consensus survey by Fact Set.
- [By Dan Carroll]
Big oil rival Chevron (NYSE: CVX ) isn't having much of a day to remember, either, as shares have fallen 0.9% so far. The company did post good news today, however: Chevron won a lawsuit�against the U.S. over a dispute surrounding its oil fields near Bakersfield, California. The companies have battled for years over the split between Chevron's and the Department of Energy's stakes in the fields. While Chevron's still disputing the DoE's share, the U.S. will have to reimburse the company for 42% of its legal fees for a two-year period.
- [By Dan Carroll]
Outside the defense sector, Chevron's (NYSE: CVX ) among the only Dow stocks making any headway today: The oil giant's shares are up about 0.2%. Chevron agreed to sell its retail network in Egypt to French competitor Total (NYSE: TOT ) in a deal announced by the latter today. With more than 1.4 million tons of annual sales in a network consisting�of 66 service stations and other assorted infrastructure, it's a big move for Total as it looks to develop its reach outside of Europe.
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