Updating your Conservative stocks: Campbell Soup, Philips Electronics, Canon

Article Excerpt

CAMPBELL SOUP CO. $49 (www.campbellsoupcompany.com) is a buy. The company plans to change its name to “The Campbell’s Company,” reflecting its broader array of products. It also recently transferred its stock listing from the New York Stock Exchange to Nasdaq (the shares continue to trade under the “CPB” symbol.) The move should lower its administrative costs. Campbell Soup is a buy. PHILIPS ELECTRONICS N.V. ADRs $31 (www.philips.com) is a hold. The maker of health-care products, including X-ray scanners and ultrasound systems, along with consumer goods such as electric shavers, reported 0.2% lower revenue in the second quarter of 2024, down to 4.46 billion euros from 4.47 billion euros a year earlier (1 euro=$1.49 Canadian). Thanks to savings from a cost-cutting plan, earnings per ADR rose 11.1%, to 0.30 euros from 0.27 euros. The company recently suspended its dividend to help cover the costs of a major recall of its sleep apnea and ventilator machines. Philips is a hold. CANON INC. ADRs $33 (www.canon.com) is a hold. The company is a leading maker of…