Updating your Conservative stocks: Sony, Canon, and BHP Group

Article Excerpt

SONY GROUP CORP. ADRs $21 (www.sony.com) is a hold. For the fiscal 2025 second quarter, ended September 30, 2024, the Japanese conglomerate reported a sales rise of 6.3%, to $20.18 billion from $18.98 billion a year earlier. That’s largely due to stronger demand for its PlayStation video gaming products. Earnings per ADR also jumped 77.3%, to $0.39 from $0.22 (each ADR represents one Sony common share). However, proposed tariffs on goods imported from China could increase the price of PlayStation consoles and slow the company’s earnings.  Sony is a hold. CANON INC. ADRs $32 (www.canon.com) is a hold. The company is a leading maker of printers, copiers and other office equipment, as well as digital cameras and parts for TVs and medical gear. Sales in the third quarter of 2024 rose 10.5%, to $7.55 billion from $6.83 billion a year earlier. That’s due to improving demand for electronic components and printers. Better efficiency lifted earnings by 19.0%, to $0.50 per ADR from $0.42.  Canon is a hold. BHP GROUP LTD…