Stocks to watch: Microsoft, PetSmart

The software giant could unveil a tablet computer, while the pet supply retailer is raising its dividend.

By MSN Money Partner Jun 18, 2012 8:35AM
By Joseph Woelfel, TheStreet.com

Microsoft (MSFT) has a media event scheduled for Monday at which the software giant could unveil a tablet computer developed in conjunction with Barnes & Noble (BKS). According to TechCrunch, Microsoft has a tablet/e-reader on tap and it will be entertainment-driven.

Microsoft and Barnes & Noble announced a strategic partnership in late April with Microsoft investing $300 million in the venture. Shares of Microsoft ticked down 2 cents, or 0.07%, in premarket trading Monday to $30. (Microsoft owns and publishes Top Stocks, an MSN Money site.)

PetSmart (PETM) announced Monday it is raising its quarterly dividend to 16.5 cents a share from 14 cents, an increase of 18%. The company also said Monday that it will repurchase $525 million of stock. The program will begin on July 30.


Chevron (CVX) sold an equity stake in its Wheatstone project in Australia and agreed to supply additional liquefied natural gas to Tokyo Electric Power. Chevron's $29 billion Wheatstone gas-export project is expected to begin exporting gas in 2016.


IBM's (IBM) Sequoia is the world's fastest supercomputer, topping the K Computer from Fujitsu, which fell to second place. IBM's Sequoia carried out 16 quadrillion calculations a second, or petaflops, according to a benchmark used to compile a semiannual list of the world's 500 most powerful computers, The Wall Street Journal noted.


IHS (IHS), a provider of critical information and insight products, is expected by analysts Monday to post quarterly earnings of 94 cents a share on revenue of $382.7 million.


Steel Dynamics (STLD) said Friday it anticipates second-quarter earnings of between 15 cents a share and 20 cents a share. It earned 20 cents a share, including a refinancing charge of 3 cents, in the first quarter, and 43 cents a share in the year-earlier second-quarter. Analysts forecast second-quarter earnings of 24 cents a share.


Shoe Carnival (SCVL) said Friday it initiated a quarterly dividend. A dividend of 5 cents a share will be paid on July 16.

1Comment
Jun 18, 2012 9:38AM
avatar
So much for the great Greece debacle. But more Spain, Italy and Romney crap. I can't wait to give thanks this Thanksgiving after roasting a couple Republicans. 
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

124
124 rated 1
267
267 rated 2
467
467 rated 3
605
605 rated 4
645
645 rated 5
691
691 rated 6
617
617 rated 7
459
459 rated 8
313
313 rated 9
130
130 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
ATVIACTIVISION BLIZZARD Inc10
BIDUBAIDU Inc10
BXTHE BLACKSTONE GROUP L.P10
CELGCELGENE CORP10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.