Verizon to PAY Dividend to Vodafone and 3 Dow Movers Beginning the Week
United Technologies Corp. (NYSE:UTX) is among the aerospace stocks that are keeping positive comments from Wells Fargo, subsequent to Woodward’s (WWD) disappointing third quarter guidance (40 cents versus consensus of 60 cents). The firm, which develops energy control and optimization solutions for aerospace and electrical utilities, also decreased its fiscal 2012 earnings per share outlook to a range of $1.90 to $2.20 from its previous guidance of $2.20 to $2.35, against consensus of $2.25. Wells Fargo noted to investors that Woodward’s report indicates that parts of the commercial aerospace aftermarket were weak in the previous quarter. The research firm, however, keeps its positive outlook on the following aerospace stocks: Boeing (NYSE:BA), Spirit Aerosystems (NYSE:SPR), LMI Aerospace (NASDAQ:LMIA), Rockwell Collins (NYSE:COL), and Esterline (NYSE:ESL).
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Verizon Communications Inc.’s (NYSE:VZ) joint venture partner Verizon Wireless might pay a dividend amounting to $4.5 billion to Vodafone (NASDAQ:VOD), according to Bloomberg, citing the Sunday Times. In turn,Vodafone might pass the money onto investors in the form of a special dividend.
Wal-Mart Stores Inc.’s (NYSE:WMT) Sam’s Club is one of several retailers that are showing a backlog or are out of stock with a 1 to 2 week delay for Google’s (NASDAQ:GOOG) Nexus 7 tablet, according to CNet. Among the retailers that are affected include GameStop (NYSE:GME), Staples (NASDAQ:SPLS), and Office Depot (NYSE:ODP).
Exxon Mobil Corp. (NYSE:XOM) has apparently been invited to bid on a stake in Abu Dhabi’s onshore oil concession, along with Royal Dutch Shell (RDS.A) and Total (NYSE:TOT), but BP’s (NYSE:BP) group was not invited to bid on participating in a renewed deal in 2014, says the Financial Times. However, BP says that it is still in discussions with authorities in the United Arab Emirates about its involvement.
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