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Defense contractor $NOC reported a rise in 1Q16 earnings driven by a tax benefit from treatment of share-based compensation. Net income rose to $556MM or $3.03 per share from $484MM or $2.41 per share last year. Sales remained virtually unchanged at $5.96Bil. Pension-adjusted EPS increased to $2.77 from $2.14.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.