On another volatile day, the Dow Jones Industrial Average (DJINDICES: ^DJI ) finished down 115 points, or 0.8%. However, the IBM (NYSE: IBM ) effect was in full splendor today as the tech giant once again pushed the blue chips down disproportionately. Since the Dow is price-weighted, IBM contributes a sixth of the value of the index, and today, it knocked an additional 0.4% off the finish. Meanwhile, the broad-based S&P 500 fell just 0.4%, and the tech-heavy Nasdaq actually closed up slightly.
There was no particular negative news pushing stocks down today, as equities were likely taking a breather after three days of strong gains. Consumer sentiment numbers beat expectations, coming in at 84.1 for June versus projections of 82.7, but the Chicago Purchasing Managers Index missed estimates by four points. Still, it showed an expansion in manufacturing with a 51.6 reading, indicating that that sector continues to improve. Of the two, the consumer confidence numbers seem to be more important as survey director Richard Curtin interpreted the results, saying, "Consumers believe the economic recovery has achieved an upward momentum that will not be easily reversed." The continuing high level of consumer confidence should reassure investors that the economy won't collapse, even as the Fed tapers its stimulus.
Hot Oil Stocks To Invest In Right Now: 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 TaniaC]
Colgate-Palmolive Company (CL) is a consumer products company whose products are marketed in over 200 countries and territories throughout the world. It operates in two segments: Oral, Personal and Home Care and Pet Nutrition.
- [By Lee Jackson]
Colgate-Palmolive Co. (NYSE: CL) is a top consumer staples name to make the UBS. Colgate sells its products in more than 200 countries and makes more than 75% of its revenue outside the United States, which provides geographic diversification and growth opportunities in emerging markets for the company. This diversity, matched with a huge list of consumer products, keeps revenues and dividends growing. Investors are paid a 2.3% dividend. The consensus target is $67.14. Colgate closed Tuesday at $64.34.
- [By James Well]
Analysts��Consensus Position on Pfizer
Thirteen analysts including those at TheStreet, Thomson Reuters/Verus, Goldman Sachs, J.P. Morgan, Barclays Capital, Morgan Stanley and Argus Research are optimistic about the performance of Pfizer going forward and, hence, reiterated a consensus buy recommendation at an average target price of $31.78 per share. Last Wednesday, analysts at Goldman Sachs removed Pfizer from Goldman�� conviction buy list (CL) where Pfizer has been since Aug. 9, 2011, and placed it on the buy list but raised its price target from $34 to $35 per share. Jami Rubin, an analyst with Goldman Sachs, claimed that Pfizer has gone up by 82.5% since being added to the CL as against 53.9% for the S&P 500 during the period and, therefore, there was the need to replace Pfizer with AbbVie at a price target of $60 because they claimed AbbVie has greater upside at this time. - [By Demitrios Kalogeropoulos]
Colgate-Palmolive (NYSE: CL )
Colgate's shares are trading well below the $62 high they hit just last month. The consumer goods company is heavily levered to international sales, with more than 80% of its business coming from outside the U.S. and more than half coming from emerging markets.
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 Anders Bylund]
Destroy, build, destroy
This last one is a head-scratcher for me. IBM (NYSE: IBM ) reported weak first-quarter sales this week, hampered by the sequester and government upheaval in China. OK, these things happen -- not very often, but that's life.
Top 5 Blue Chip Stocks To Own Right Now: Visa Inc.(V)
Visa Inc., a payments technology company, engages in the operation of retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. The company owns and operates VisaNet, a global processing platform that provides transaction processing services. It also offers a range of payments platforms, which enable credit, charge, deferred debit, debit, and prepaid payments, as well as cash access for consumers, businesses, and government entities. The company provides its payment platforms under the Visa, Visa Electron, PLUS, and Interlink brand names. In addition, it offers value-added services, including risk management, issuer processing, loyalty, dispute management, value-added information, and CyberSource-branded services. The company is headquartered in San Francisco, California.
Advisors' Opinion:- [By Motley Fool Staff]
Remer: Oh, huge opportunity to change. But it will take time. You asked about MasterCard. It will take time to potentially replace the ecosystems that exist and how are those leading organizations -- the MasterCards, the Visas (NYSE: V ) , the American Express (NYSE: AXP ) , the PayPals -- going to come down to the next generation and give them the reason why they should utilize that same payment system.
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 GuruFocus]
Philip Morris International Inc. (PM) Reached the 52-Week Low of $80.78
The prices of Philip Morris International Inc. (PM) shares have declined to close to the 52-week low of $80.78, which is 16.5% off the 52-week high of $96.73. Philip Morris International Inc. is owned by 33 Gurus we are tracking. Among them, 17 have added to their positions during the past quarter. Seven reduced their positions. Philip Morris International Inc. is a Virginia holding company first incorporated in 1987. Philip Morris International Inc. has a market cap of $129.42 billion; its shares were traded at around $80.78 with a P/E ratio of 15.20 and P/S ratio of 1.70. The dividend yield of Philip Morris International Inc. stocks is 4.40%. Philip Morris International Inc. had an annual average earnings growth of 14.50% over the past five years.
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