Market Summary

 

Earning Reports

Total Companies: (10) Stock Center View

Symbol Price EPS
Est.
Reporting
Time
FN 0.35 After Mkt
AYI 1.22 Before Mkt
AZZ 0.63 Before Mkt
BSET 0.09 Unknown
CMTL 0.36 Unknown
COCO 0.11 Unknown
DRL N/A Unknown
MFRI N/A Unknown
NOC 2.19 Unknown
UNTK N/A Unknown

Convertible Preferred Stocks Highlights

Symbol Name Last Change Volume Premium/
Discount
Est.
Yield
BAC-PL Bank of America, 7.25% Non-Cumulative Convertible Preferred Stock, Series L 1,143.12 -3.38 (-0.29%) 31,161 19.00% 6.34%
WFC-PL Wells Fargo & Co., 7.50% Non-Cumul Perp Conv Cl A Preferred Stock, Series L 1,201.25 -1.26 (-0.10%) 11,097 5.38% 6.24%
OCR-PB Omnicare Capital Trust II, 4% PIERS Trust Preferred Income Equity Red Securities 75.21 -1.34 (-1.75%) 9,801 0.22% 2.66%
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Revisiting The Old Tech Troika

Posted on 2012-02-14 by Daniel Ho

TroikaIn case anyone was wondering why the NASDAQ was doing great, one of the reasons was that the old tech troika, Microsoft (NASDAQ: MSFT), Intel (NASDAQ: INTC), and Cisco Systems (NASDAQ: CSCO) were doing great. Since we mentioned them in our articles last year in July, stock prices of the troika have appreciated quite a bit. Microsoft went from ~$25/share to ~$30/share, Intel went from ~$22/share to $26/share, and Cisco went from ~16/share to $20/share. In short, appreciation of each troika far outpaced appreciation of the NASDAQ composite, which went from ~2825 to its current level of 2900.

Each troika has its individual reason for appreciation. Microsoft keeps getting strong cash flow from its Windows franchise, Intel is targeting the mobile arena, and Cisco finally admitted its previously flawed strategy of getting into too many sectors. The fact that Microsoft and Intel each pays > 2% dividend makes it even better for investors in their stocks.

Going forward, the rolling out of Windows 8 should give Microsoft another boost, although its mobile strategy has yet to show any progress. Intel must now demonstrate that it can get design wins for mobile devices other than ultrabooks, and must make inroad in smartphones and tablets. Cisco seems to be back on the right track, and needs to get back to its root and learns to innovate from within the company again. Apple may still be dominating the headlines, but the troika should be doing just fine if they can keep executing.

This article originally appears on benzinga.com

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