united technologies
New York symbol UTX, has five main businesses: Carrier makes heating and air conditioning equipment; Otis makes and services elevators; Pratt & Whitney makes aircraft engines; Flight Systems makes helicopters and aircraft controls; and UTC Fire & Security provides security and fire protection services.
Exchange traded funds (ETFs) are set up to mirror the performance of a stock market index or sub-index. They hold a more or less fixed selection of securities that represent the holdings that go into the calculation of the index or sub-index. ETFs trade on stock exchanges, just like stocks. That’s different from mutual funds, which you can only buy at the end of the day, at a price that reflects the fund’s value at the close of trading. Prices of ETFs are quoted in newspaper stock tables and online. You pay brokerage commissions to buy and sell them, but their low management fees give them a cost advantage over most mutual funds....
UNITED TECHNOLOGIES CORP. $116 (New York symbol UTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 916.7 million; Market cap: $106.3 billion; Price-to-sales ratio: 1.7; Dividend yield: 2.0%; TSINetwork Rating: Above Average; www.utc.com) has amended its deal to build 28 Sikorsky Cyclone helicopters for the Canadian government. The company had planned to deliver these helicopters in 2012, but disputes over prices and support prompted it to suspend the program. It now plans to begin deliveries in 2015. The original contract was worth $4.6 billion. But due to the delays in starting up production, United Technologies will record a one-time charge of $440 million in the second quarter of 2014. However, it feels other unusual gains will offset this charge. As a result, the company still expects to earn $6.65 to $6.85 a share for all of 2014. The stock trades at 17.2 times the midpoint of that range. That’s a reasonable p/e ratio in light of its leading market share in its various niche industries (jet engines, elevators and heating and air conditioning equipment) and wide global reach (overseas markets account for 60% of its revenue)....
UNITED TECHNOLOGIES CORP. $116 (New York symbol UTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 916.7 million; Market cap: $106.3 billion; Price-to-sales ratio: 1.7; Dividend yield: 2.0%; TSINetwork Rating: Above Average; www.utc.com) has amended its deal to build 28 Sikorsky Cyclone helicopters for the Canadian government. The company had planned to deliver these helicopters in 2012, but disputes over prices and support prompted it to suspend the program. It now plans to begin deliveries in 2015.
The original contract was worth $4.6 billion. But due to the delays in starting up production, United Technologies will record a one-time charge of $440 million in the second quarter of 2014. However, it feels other unusual gains will offset this charge.
As a result, the company still expects to earn $6.65 to $6.85 a share for all of 2014. The stock trades at 17.2 times the midpoint of that range. That’s a reasonable p/e ratio in light of its leading market share in its various niche industries (jet engines, elevators and heating and air conditioning equipment) and wide global reach (overseas markets account for 60% of its revenue).
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The original contract was worth $4.6 billion. But due to the delays in starting up production, United Technologies will record a one-time charge of $440 million in the second quarter of 2014. However, it feels other unusual gains will offset this charge.
As a result, the company still expects to earn $6.65 to $6.85 a share for all of 2014. The stock trades at 17.2 times the midpoint of that range. That’s a reasonable p/e ratio in light of its leading market share in its various niche industries (jet engines, elevators and heating and air conditioning equipment) and wide global reach (overseas markets account for 60% of its revenue).
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HILLSHIRE BRANDS CO., $61.82, New York symbol HSH, rose 5% this week in response to a new takeover offer. The company makes a variety of packaged meat products. Its main brands include Ball Park hot dogs, Jimmy Dean sausages and Hillshire Farm deli meats. Other foods include Sara Lee frozen desserts and Chef Pierre pies. This week, Tyson Foods (New York symbol TSN) offered to buy the company for $63.00 a share. That topped an earlier $55.00-a-share bid by Pilgrim’s Pride Corp. (Nasdaq symbol PPC). Pilgrim’s Pride has now withdrawn its offer....
APPLE INC., $571.94, Nasdaq symbol AAPL, rose 9% this week after it announced several moves to enhance its investment appeal. These initiatives include raising its quarterly dividend by 7.9%, to $3.29 a share from $3.05. The new annual rate of $13.16 yields 2.3%. Apple also increased its share buyback program by $30 billion. It can now repurchase up to $90 billion worth of its stock by the end of 2015. That’s equal to 18% of its $492.9-billion market cap. Apple will also split its outstanding shares on a 7-for-1 basis in June 2014. In addition to making its shares more affordable, the split would make Apple a candidate for the Dow Jones Industrial Average. If Apple does join the widely followed Dow, mutual funds and exchange traded funds that mimic the index would have to buy the stock, which would push up the share price....
SPDR DOW JONES INDUSTRIAL AVERAGE ETF $163.35 (New York symbol DIA; buy or sell through brokers; www.spdrs.com) holds the 30 stocks that make up the Dow Jones Industrial Average.
The SPDR Dow Jones ETF’s top holdings are Visa, IBM, Goldman Sachs Group, ExxonMobil, Chevron, 3M, McDonald’s, Caterpillar, United Technologies and Boeing. The fund’s expenses are about 0.17% of its assets.
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Exchange traded funds (ETFs) are set up to mirror the performance of a stock-market index or sub-index. They hold a more or less fixed selection of securities that represent the holdings that go into the calculation of the index or sub-index.
ETFs trade on stock exchanges, just like stocks....
ETFs trade on stock exchanges, just like stocks....
In next week’s Wall Street Stock Forecaster Hotline, we’ll reveal our #1 U.S. stock pick for 2014. Don’t miss this unique opportunity to profit. EBAY INC., $54.37, Nasdaq symbol EBAY, moved up this week after activist investor Carl Icahn, who owns 0.82% of the company, proposed that it sell its PayPal online-payment business or set it up as a separate firm. He also wants to replace two of eBay’s 11 directors with his nominees. The company rejected the idea. It feels PayPal is important to its long-term growth and makes its auction websites more valuable....
SPDR DOW JONES INDUSTRIAL AVERAGE ETF $158.76 (New York symbol DIA; buy or sell through brokers; www.spdrs.com) holds the 30 stocks that make up the Dow Jones Industrial Average.
The fund’s top holdings are Visa, IBM, The Goldman Sachs Group, ExxonMobil, Chevron, 3M, McDonald’s, Johnson & Johnson, United Technologies and Boeing. The fund’s expenses are about 0.17% of its assets.
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Exchange traded funds (ETFs) are set up to mirror the performance of a stock-market index or subindex. They hold a more or less fixed selection of securities that represent the holdings that go into the calculation of the index or sub-index.
ETFs trade on stock exchanges, just like stocks....
ETFs trade on stock exchanges, just like stocks....