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52-Week High Companies: China Life Insurance Company Ltd., Bank of Montreal, Canadian Imperial Bank of Commerce, Broadcom Corp., and Juniper Networks Inc.

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According to GuruFocus updates, these Guru stocks have reached their 52-Week Highs: China Life Insurance Company Ltd. (LFC), Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CM), Broadcom Corp. (BRCM), and Juniper Networks Inc. (JNPR).

China Life Insurance Company Ltd. (LFC) Reached the 52-Week High of $66.56

China Life Insurance Company Limited is the leading life insurance company in China's life insurance market. The company provides products and services including individual life insurance, group life insurance, and accident and health insurance. China Life Insurance Company Ltd. has a market cap of $33.85 billion; its shares were traded at around $68.24 with a P/E ratio of 426.5 and P/S ratio of 1.4. The dividend yield of China Life Insurance Company Ltd. stocks is 0.7%.

China Life Insurance Company Ltd. is in the portfolios of Sarah Ketterer of Causeway Capital Management LLC, Chris Davis of Davis Selected Advisers, and Kenneth Fisher of Fisher Asset Management, LLC.

Bank of Montreal (BMO) Reached the 52-Week High of $50.11

Bank of Montreal is one of the largest banks in North America and one of Canada's oldest banks. The bank offers a complete range of financial services in chosen markets on both sides of the Canada-United States border. The bank offers to all of their clients not just financial products but knowledge-based solutions, custom-made to add value in their financial affairs. Bank of Montreal has a market cap of $27.47 billion; its shares were traded at around $50.11 with a P/E ratio of 13.2 and P/S ratio of 1.4. The dividend yield of Bank of Montreal stocks is 5.6%. Bank of Montreal had an annual average earning growth of 18.7% over the past 5 years.

On May 26, Bank of Montreal announced results for the second quarter ended April 30, 2009, BMO Financial Group reported net income of $358 million or $0.61 per share. Canadian personal and commercial banking reported strong results with net income of $350 million, up $30 million or 9% from a year ago, and BMO Capital Markets net income grew by $62 million or 33% to $249 million.

Bank of Montreal is in the portfolio of Charles Brandes of Brandes Investment.

Canadian Imperial Bank of Commerce (CM) Reached the 52-Week High of $61.64

Canadian Imperial Bank of Commerce is a leading North American investment bank. Canadian Imperial Bank of Commerce has a market cap of $23.51 billion; its shares were traded at around $61.64 with a P/E ratio of 10.6 and P/S ratio of 1.2. The dividend yield of Canadian Imperial Bank of Commerce stocks is 5.6%.

On May 28, Canadian Imperial Bank of Commerce announced a net loss of $51 million for the second quarter ended April 30, 2009, compared with a net loss of $1.1 billion for the same period last year.

Broadcom Corp. (BRCM) Reached the 52-Week High of $28.23

Broadcom Corporation is a leading developer of highly integrated sili-consolutions that enable broadband digital data transmission to the home and within the business enterprise. The company has designed and developed integrated circuits for some of the most significant broadband communications markets. Broadcom Corp. has a market cap of $13.87 billion; its shares were traded at around $28.23 with a P/E ratio of 108.5 and P/S ratio of 2.9.

On July 23, Broadcom Corporation reported unaudited financial results for its second quarter ended June 30, 2009. Net revenue for the second quarter of 2009 was $1.040 billion, a decrease of 13.4% compared with the $1.201 billion reported for the second quarter of 2008. Net income was $13.4 million, compared to net income of $134.8 million for the second quarter of 2008.

Broadcom Corp. is in the portfolio of John Hussman of Hussman Economtrics Advisors, Inc.

Sell: President & CEO Scott A Mcgregor sold 10,000 shares of BRCM stock in May; so did Sell: Senior Vice President & CFO Eric Brandt , who also sold shares in February. Many other directors and officers have been selling shares in July and May.

Juniper Networks Inc. (JNPR) Reached the 52-Week High of $26.13

Juniper Networks Inc. is a provider of Internet infrastructure solutions that enable Internet service providers and other telecommunications service providers to meet the demands resulting from the rapid growth of the Internet. The company delivers next generation Internet backbone routers that are specifically designed or purpose-built for service provider networks and offer our customers increased reliability, performance, scalability, interoperability, flexibility, and reduced complexity and cost compared to current alternatives. Juniper Networks Inc. has a market cap of $13.67 billion; its shares were traded at around $26.13 with a P/E ratio of 32.3 and P/S ratio of 3.9. Juniper Networks Inc. had an annual average earning growth of 35.2% over the past 5 years.

On July 23, Juniper Networks, Inc. reported preliminary financial results for the three months ended June 30, 2009. Net revenues for the second quarter of 2009 increased 3% to $786.4 million from $764.2 million reported in the first quarter of 2009 and declined 11% on a year-over-year basis. GAAP net income was $14.8 million, representing a decrease of 32% from the $0.28 per diluted share reported for the second quarter of 2008. 

Last month, Sell: Chairman of the Board Scott Kriens sold 500,000 shares of JNPR stock; the price of the stock has decreased by 0.19% since. Other directors have been selling shares since February.


Rating: 2.0/5 (6 votes)

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