Updating Canon Inc., Toyota Motor Co. and Arconic Inc.

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CANON INC. ADRs $29 (www.canon.com) is a leading maker of office equipment, mainly printers and copiers. Its other products include digital cameras and parts for TVs and medical gear. Canon’s revenue fell 1.4%, to $35.6 billion in 2018 from $36.1 billion in 2017. That’s mainly due to weak demand of its digital cameras. Earnings improved 7.1%, to $2.11 per ADR from $1.97, as a writedown depressed the 2017 earnings. Due to slowing demand from China and emerging markets, Canon now expects its earnings to fall about 5% in 2019. Hold. TOYOTA MOTOR CO. ADRs $121 (www.toyota.com) plans to invest $13 billion in its U.S. manufacturing operations between 2017 and 2022. That’s up from its original spending goal of $10 billion. (To put those amounts in context, Toyota’s market cap is $172.7 billion.) The additional spending will let it produce gasoline-electric hybrid versions of its popular Toyota RAV4 SUV and Lexus ES 300 sedan. Buy. ARCONIC INC. $19 (www.arconic.com) has rejected a $21-a-share…