Updating Intel Corp., Sony Corp. ADRs, and Hewlett-Packard Enterprise Co.

Article Excerpt

INTEL CORP. $46 (www.intel.com) continues to benefit from both strong demand for its computer chips, particularly those that power datacentres, as well as higher prices for those chips. In the second quarter of 2018, overall revenue rose 14.9%, to a record $17.0 billion from $14.8 billion a year earlier. Earnings jumped 40.9%, to $4.9 billion from $3.5 billion. Per-share earnings gained 44.4%, to $1.04 from $0.72, on fewer shares outstanding. Intel now expects to earn $4.15 a share for all of 2018. The stock trades at a low 11.1 times that estimate. Buy. SONY CORP. ADRs $59 (www.sony.com) has jumped over 50% in the past year. That’s mainly due to strong demand for both its PlayStation 4 video game console and image sensors for smartphone cameras. In the quarter ended June 30, 2018, revenue improved 7.9%, to $17.9 billion from $16.6 billion a year earlier. Sony also sold some of its shares in online music-streaming company Spotify Technology SA (New York symbol SPOT). A gain on…

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