The PC and printer company reported second-quarter earnings on May 23 of $1.59 billion, or 80 cents a share, down from year-earlier earnings of $2.3 billion, or $1.05 a share."Despite HP's solid position in cloud computing and its recently announced cost cuts, we believe most of HP's businesses will be challenged in the near to medium term," Jefferies analysts wrote in a June 1 report. "Specifically we think tablets will hurt PCs (and Windows 8 will not help), smartphones will hurt printers, and European uncertainty will hurt enterprise IT spending. We trim our estimates, cut our target from $30 to $23, and downgrade to a Hold." Forward Annual Dividend Yield: 2.3%
Public Storage The real estate investment trust reported first-quarter earnings on May 3 of $205.9 million, or 73 cents a share, down from year-earlier earnings of $206.1 million, or 87 cents a share. "PSA's U.S. portfolio is showing some signs of earnings growth deceleration," Jefferies analysts wrote in a May 8 report. "Economic headwinds in Europe also continue to dampen near-term outlook for PSA's Shurgard Europe portfolio. We believe this confluence on issues will limit near-term stock performance. We maintain our Hold rating." Forward Annual Dividend Yield: 3.3%
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