Here are three key updates for your portfolio: Chevron Corp., J.P. Morgan Chase & Co. and Toyota Motor Co.

Article Excerpt

CHEVRON CORP. $72 remains a buy. The company (New York symbol CVX; Conservative Growth Portfolio, Resources sector; Shares o/s: 1.9 billion; Market cap: $136.8 billion; Price-to-sales ratio: 1.2; Dividend yield: 7.2%; TSINetwork Rating: Average; www.chevron.com) is the second-largest integrated oil producer in the U.S. by revenue after ExxonMobil (New York symbol XOM). Chevron recently agreed to acquire Noble Energy Inc. (New York symbol NBL) in an all-stock transaction. Based in Texas, Noble produces oil and natural gas at properties in the U.S., Israel and Equatorial Guinea. Noble shareholders will receive 0.1191 of a Chevron share for each share they hold. Based on current market prices, the deal is worth $5.15 billion. Activist investment firm Elliott Management is now urging Noble to reject the offer. If it does cancel the deal, it will have to pay Chevron a $176 million break fee. Chevron is a buy. J.P. MORGAN CHASE & CO. $93 remains a buy. The bank (New York symbol JPM; Income Portfolio, Finance sector; Shares outstanding: 3.2 billion; Market cap:…

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