Updating your Conservative stocks: ABB, Canon & BHP Group

Article Excerpt

ABB LTD. ADRs $37 (www.abb.com) remains a buy. This Swiss-based company is a leading maker of electrical transformers, transmission systems and circuit breakers for electrical utilities. It also makes robotic equipment. ABB recently delisted its ADRs (each American Depositary Receipt equals one common share) from the New York exchange (old symbol ABB). They now trade on the over-the-counter Pink Sheets market under the ABBNY symbol. The move will cut the company’s costs, as most of its shares trade on the SIX Swiss Exchange and the Nasdaq Stockholm. ABB is a buy. CANON INC. ADRs $27 (www.canon.com) is still a hold. The company is a leading maker of printers, copiers and other office equipment. Its other products include digital cameras and parts for TVs and medical gear. Like ABB (see above), Canon has shifted its ADRs from the New York exchange (old symbol CAJ) to the over-the-counter Pink Sheets market (symbol CAJFF). However, demand for office products remains weak as office workers continue to work remotely. Canon is a hold. BHP…