Power exits news business

POWER CORP. $29.33 (Toronto symbol POW; Shares o/s: 414.4 million; Market cap: $14.1 billion; TSINetwork Rating: Above Average; Dividend yield: 5.2%; www.powercorporation.com) is a holding company with a diversified list of businesses. It holds its financial assets through its 65.6%-owned Power Financial.
Power Corp. will now convert… Read More

BNS deal taps key niche

BANK OF NOVA SCOTIA $74.36 (Toronto symbol BNS; Shares o/s: 1.2 billion; Market cap: $89.1 billion; TSINetwork Rating: Above Average; Dividend yield: 4.4%) is the third largest bank in Canada.
It will now buy MD Financial Management, which sells wealth management services to Canadian medical doctors, their… Read More

Updating ABB Ltd. ADRs, Fair Isaac Corp. and Snap-On Inc.

ABB LTD. ADRs $22 (New York symbol ABB; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 2.1 billion; Market cap: $46.2 billion; Price-to-sales ratio: 1.4; Dividend yield: 3.8%; TSINetwork Rating: Above Average; www.abb.com) makes transformers, transmission systems and circuit breakers for electrical utilities. It also produces… Read More

Delay of new chips could hurt Nvidia

NVIDIA CORP. $262 (Nasdaq symbol NVDA; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares o/s: 606.0 million; Market cap: $158.8 billion; Price-to-sales ratio: 14.5; Dividend yield: 0.2%; TSINetwork Rating: Average; www.nvidia.com) has shot up 75% in the past year. The company continues to see strong demand for… Read More

Chevron set to close $1 billion deal

CHEVRON CORP. $125 (New York symbol CVX; Conservative Growth Portfolio, Resources sector; Shares o/s: 1.9 billion; Market cap: $237.5 billion; Price-to-sales ratio: 1.8; Divd. yield: 3.6%; TSINetwork Rating: Average; www.chevron.com) continues to sell some its less-important assets as part of a plan to focus on its main… Read More

Activist attention adds to its appeal

UNITED TECHNOLOGIES CORP. $125 (New York symbol UTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares o/s: 800.1 million; Market cap: $100.0 billion; Price-to-sales ratio: 1.6; Divd. yield: 2.2%; TSINetwork Rating: Above Average; www.utc.com) aims to complete its $30 billion acquisition of Rockwell Collins (New York symbol… Read More

Chevron’s dividend history cuts its risk

CHEVRON CORP. $125 (New York symbol CVX; Cyclical Growth Dividend Payer Portfolio, Resources sector; Shares o/s: 1.9 billion; Market cap: $237.5 billion; Divd. yield: 3.6%; Dividend Sustainability Rating: Above Average; www.chevron.com) is the second-largest integrated oil company in the U.S. by revenue, after ExxonMobil (New York symbol XOM).
Producing… Read More