Dividend.com: No Stars for Constellation

The company raised full-year guidance to a range of $4.40 to $4.50 a share, compared to the $4.20 to $4.40 a share outlook provided in October.

We had removed shares of Monsanto from our "Recommended" list back on Aug. 5, when the stock was trading at $106.95. The company has a 1.31% dividend yield, based on last night's closing stock price of $73.46.

We like the results and are closely reviewing the shares for a potential upgrade to our "Recommended" list. We'll keep our readers posted. The stock has overhead resistance in the $93 to $94 price area. Technical support on the downside is in the $67 to $71 area.

Monsanto is not recommended at this time, holding a Dividend.com Rating of 3.4 out of 5 stars.

Microchip Technology Warns About Sales for the Third Quarter, Cuts Salaries

Microchip Technology(MCHP Quote) warned late Tuesday that third-quarter sales would drop 29% to 31% from the preceding period.

The company's CEO says that economic and semiconductor industry conditions have continued to decline since its October earnings call. The company said it is continuing with a pay cut for all of our worldwide non-manufacturing employees, which was implemented during the December quarter.

The company is now forecasting 21 cents to 24 cents for the quarter, which is below the consensus estimates of 32 cents.

We removed shares of Microchip Technology from our "Recommended" list back on Nov. 12, when the stock was trading at $21.23. The stock had been put on the list at a prior price of $23.15. The company has 6.8% dividend yield, based on last night's closing stock price of $20.01.

The stock does have technical support in the $14 to $15 area. If the shares can stabilize a bit and move higher, the $22 to $25 level would be an area for overhead resistance. For now, we would wait to see how the market reacts here, before considering any ratings move.