Month: May 2013

In order to provide better patient care, diversified technology conglomerate 3M Company ( MMM ) recently introduced a digital technology named 3M True Definition scanner for orthodontic practice. This new technology aims to provide improved digital impressions for analysis and treatment planning, thereby improving the overall oral care of patients. The new 3M True Definition scanner is an innovative technology, which along with Unitek Treatment Management Portal (TMP), allows a full digital workflow for the Incognito appliance system offering precise, 3D setup review, model overlay capabilities and advanced communications and messaging. […]

Macquarie Infrastructure Company LLC ( MIC ) recently announced a secondary offering of 6.15 million shares at $58.50 each to raise cash and increase its liquidity. The company will also grant the underwriters an option to purchase an additional 507,375 shares to cover any over-allotments. […]

Reportedly, search giant Google Inc. ( GOOG ) has announced the expansion of its high-speed Internet service through its fiber-optic network to Shawnee, located outside Kansas City. […]

We expect Canada-based Telus Corporation ( TU ), to beat expectations when it reports its first-quarter 2013 results on May 9, 2013. Why a Likely Positive Surprise? […]

Auto sales in the U.S. slipped below seasonally adjusted rate (SAAR) of 15 million units to 14.92 million vehicles in April for the first time since October last year due to weak commercial customer (fleet) sales. However, it increased from the year-ago level of 14.42 million units by 3.5%. […]

On Apr 3, 2013, we maintained our Neutral recommendation on Wet Seal Inc. ( WTSL ), a specialty retailer of fashionable and contemporary apparel and accessories for women. This was in view of the consecutive losses reported by the company for the last three quarters, owing to lower revenues and the pressure put on the margins by the higher merchandise expenses. […]

On May 4, Zacks Investment Research upgraded Pacific Continental Corp. ( PCBK ) to a Zacks Rank #1 (Strong Buy). Why the Upgrade? […]

The world’s largest manufacturer of semiconductor products, Intel Corp ( INTC ) recently announced the appointment of an internal expert, Brian Krzanich, as its new chief executive officer, effective May 16, 2013. The 52-year old Krzanich joined Intel in 1982 as a process engineer. He climbed the ranks over the years and was appointed as the COO in Jan 2012 […]

The world’s largest software maker Microsoft Corp. ( MSFT ) is gradually becoming popular in educational institutions across Europe. Its Office 365 suite has won several customers such as School Center Skofja Loka (Slovenia), TEI Kalamata (Greece), EDUCATIVA (Romania), Kozminski University (Poland), Faculty of Economics and Business (Slovenia), University of Maribor and Vaikystes Sodas (Lithuania) […]

Bayer ’s ( BAYRY ) HealthCare segment recently decided to discontinue the phase II/III TRUST (TReatment with Unique recombinant rFVIIa STudy) study on BAY 86-6150. The study was evaluating the efficacy and safety of the candidate in patients suffering from hemophilia A or hemophilia B with inhibitors. Bayer stated that a neutralizing antibody was detected during the course of the study. […]

We have maintained our Neutral recommendation on The Boeing Company ( BA ) on Apr 29, 2013. The company’s solid first quarter 2013 results despite the 787 headwind were commendable. […]

Leading integrated oil and gas firm Marathon Oil Corporation ( MRO ) is scheduled to report its first-quarter 2013 results on Tuesday, May 7, after the market closes. In the fourth quarter of 2012, Marathon Oil delivered a negative 19.12% earnings surprise due to higher exploration cost. In fact, Marathon Oil hasdelivered negative earnings surprises in 3 of the last 4 quarters, with an average miss of 14.55% […]

Shares of CA Inc. ( CA ) reached a new 52-week high of $27.58 on Friday, May 3, 2013 following the acquisition of Layer 7 technologies (Apr 2013). […]

New York City-based flavors and fragrances major, International Flavors & Fragrances Inc. ( IFF ) recently announced plans to shut down the Augusta, Georgia based Fragrances Ingredients manufacturing facility, by July 2014. […]