Portfolio Manager David Abella of City National Rochdale is favoring AT&T Inc. (NYSE:T) because of its 5.7% dividend yield plus opportunity for more growth, in addition to possible capital appreciation.Right now we like AT&T primarily because of the yield, 5.7%. We feel that there is a potential growth in the yield in the 3% to 5% range. That’s a little higher than it’s been in the past few years, but we do feel that there is the potential for growth,” Abella said. AT&T Inc. (NYSE:T) shares after opening at $35.30 moved to $35.50 on last trade day and at the end of the day closed at $35.07. Company price to sales ratio in past twelve months was calculated as 1.42 and price to cash ratio as 54.69. AT&T Inc. (NYSE:T) showed a positive weekly performance of 1.77%.
Intel Corporation’s (NASDAQ:INTC) previously announced equity investment in Cloudera, an enterprise analytic data management powered by Apache Hadoop is worth $740 million, which represents an 18% stake. The chipmaker is the largest strategic investor of Cloudera. Intel Corporation (NASDAQ:INTC) shares advanced 0.76% in last trading session and ended the day on $25.81. INTC return on equity ratio is recorded as 17.60% and its return on assets is 10.90%. Intel Corporation (NASDAQ:INTC) yearly performance is 25.11%.
Cisco Systems Inc. (NASDAQ:CSCO) and four other IT giants, AT&T Inc. (NYSE:T), General Electric Company (NYSE:GE), International Business Machines Corp. (NYSE:IBM) and Intel Corporation (NASDAQ:INTC) have come together at one platform and formed the Industrial Internet Consortium (IIC). The consortium is aimed to encash the internet revolution and will help organization and mankind in many ways as the Industrial revolution did. The industrial internet is the next frontier as it integrates the physical with the digital to forecast, monitor and create systems that gives us better results. Cisco Systems, Inc. (NASDAQ:CSCO) shares moved up 0.38% in last trading session and was closed at $22.42, while trading in range of $22.40-$22.64. Cisco Systems, Inc. (NASDAQ:CSCO) year to date performance is 0.72%.
The Shareholders Foundation announces that an investigation on behalf of investors of Symantec Corporation (NASDAQ:SYMC) shares was initiated over potential securities laws violations by Symantec and certain of its directors and officers in connection certain financial statements. Symantec Corporation (NASDAQ:SYMC) weekly performance is 4.61%. On last trading day company shares ended up $19.97. Symantec Corporation (NASDAQ:SYMC) distance from 50-day simple moving average is -5.03%. Analysts mean target price for the company is $22.80.
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