Updating Nordstrom Inc., PepsiCo Inc., and Newmont Mining Corp.

Article Excerpt

NORDSTROM INC. $47 (New York symbol JWN; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 167.3 million; Market cap: $7.9 billion; Price-to-sales ratio: 0.5; Dividend yield: 3.0%; TSINetwork Rating: Average; www.nordstrom.com) owns and operates 372 stores across the U.S. and Canada. Those locations sell upscale clothing and footwear. In the quarter ended November 3, 2018, revenue (including credit card fees) rose 3.3%, to $3.75 billion from $3.63 billion a year earlier. If you exclude the contribution of new stores, sales gained 2.3%. Nordstrom earned $67 million, or $0.39 a share, in the quarter. That’s down 41.2% from $114 million, or $0.67. The decline is due to refunds paid to delinquent credit card holders that Nordstrom incorrectly charged too much interest. Without that expense, the company earned $0.67 a share in the latest quarter. Nordstrom is a hold. PEPSICO INC. $110 (Nasdaq symbol PEP; Conservative Growth Portfolio, Consumer sector; Shares o/s: 1.4 billion; Market cap: $154.0 billion; Price-to-sales ratio: 2.4; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.pepsico.com) recently paid…

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