could certainly be a challenging task for the average investor. One seeking to add a “safe” stock
that generates steady income
, with respectable long-term growth potential, however, need not look further than the Dow 30. Home to some of the most stable, dividend-paying equities around, the index offers a plethora of viable choices along those lines, though not necessarily high-flyers. In this review, we will focus on industrial titan United Technologies
(UTX), which operates in four major segments: commercial and military aircraft engines; elevators and escalators; heating, ventilation, and air-conditioning equipment; and aerospace and industrial products.
Oil giant Chevron
(CVX) has reported its second-consecutive bottom-line loss, with lower oil prices once again weighing on operating results. The company posted first-quarter sales of $23.6 billion, 32% lower than the year-earlier tally of $34.6 billion. The bottom-line deficit was $0.39 a share, compared with last year's profit of $1.37. The stock fell slightly, in response.
Petroleum industry giant Exxon Mobil (XOM) has reported first-quarter 2016 earnings per share of $0.43, down sharply from the year-earlier tally of $1.17. The figure was less than our estimate of $0.60, but better than the revised Wall Street consensus. The shares rose moderately on the announcement.
of United Technologies
were little changed
after the industrial conglomerate
reported its first-quarter results
Shares of Apple
(AAPL) have again come under pressure
, sinking back beneath the key $100 level, after the tech giant posted disappointing results for the second quarter of fiscal 2016 (year ends September 24th). In fact, the company missed Wall Street's expectations on both the top and bottom lines, with share net of $1.90 coming in $0.13 shy our estimate and a dime below the consensus view. The iPhone franchise
, long a cash cow for Apple, was the main reason for the misses
, as worldwide shipments slowed even more than had been feared. Moreover, the smartphone weakness led to the first year-over-year revenue drop for the company since 2003.
of The Boeing Company
were little changed
in pre-market trading after
the world's largest aerospace/defense corporation
reported disappointing March-period financial results
Diversified products manufacturer 3M Company (MMM) reported better-than-expected first-quarter results this morning. Indeed, the Dow component posted earnings of $2.05 a share, on sales of $7.409 billion. We were looking for share-net of $1.95, on sales of $7.325 billion and consensus estimates were $1.92 and $7.326 billion, respectively. All told, share earnings were 5% better than the year-earlier tally, while sales slipped 3%.
StockHighlightsDow 30 Earnings DuPont First Quarter 2016Diversified chemicals manufacturer and Dow 30 component Du Pont (DD Free Du Pont Stock Report) has reported its first quarter earnings. The company reported sales of $7.4 billion, a decline of roughly 6%. Operating
Consumer goods conglomerate Procter
has reported fiscal third-quarter
(years end June 30th) results
. As expected, the household goods manufacturer
continued to struggle
, as the strength of the U.S. dollar eroded
much of the company's gains
from overseas markets
. The stock fell slightly, in response.
Dow-30 component Visa
(V), which operates the world's largest retail electronic payments network, has reported results for its fiscal 2016 second quarter
. (Year ends September 30th.) Earnings improved 12.7% during the latest three-month stretch, to $0.71 a share, and revenues advanced 6.4%, to $3.63 billion.