Month: March 2014

Is it Game Over for GameStop? After almost 25 years in the Video and Gaming rental business, Blockbuster Video filed for chapter 11 bankruptcy protection in September of 2010. […]

On March 26, 2014, the shares of Alliant Energy Corporation ( LNT ) touched a 52-week high of $56.05. The share price was finally closed at $55.67, up 1.5% from the previous day’s closing. We believe that the company’s favorable fourth-quarter 2013 results, disciplined capital spending in growth projects and payment of regular dividend led to the surge in share price […]

Shares of leading diagnostics information company Quest Diagnostics Inc. ( DGX ) rose 4.45% to close at $57.99 yesterday. […]

Five Prime Therapeutics, Inc. ( FPRX ) has been in the news over the past few days. Investors at Five Prime, which went public in September last year, had plenty to cheer when the company inked a $350 million deal with Bristol-Myers Squibb Company ( BMY ) earlier in the month […]

Jones Lang LaSalle Incorporated ( JLL ), which shortened its name to “JLL” earlier in March, disclosed that it has been selected by Scania – a Swedish automotive industry manufacturer – as a preferred provider of global commercial real estate consultancy and advisory services. A global framework agreement has already been signed by Scania and JLL in this context. […]

Neogen Corp. ( NEOG ) reported flat year over year adjusted earnings per share of 18 cents for the third quarter of fiscal 2014 compared with the year-ago level as well as the Zacks Consensus Estimate. However, net earnings declined 1.2% to $6.6 million from $6.7 million reported a year ago. […]

On Mar 26, 2014, Dr Pepper Snapple Group Inc. ( DPS ) reached a 52-week high of $53.72 as the share price has been on the rise ever since it reported strong fourth-quarter fiscal 2013 results on Feb 12.Dr Pepper currently carries a Zacks Rank #2 (Buy). Why the Increase in Share Price? […]

We issued an updated research report on Hibbett Sports, Inc. ( HIBB ) following the company’s dismal fourth-quarter fiscal 2014 results. […]

Shares of Hanesbrands, Inc. ( HBI ) reached a new 52-week high of $76.26 on Mar 26. Share prices have been soaring ever since the company held investor meeting last month where it announced that it will continue with its Innovate-to-Elevate strategy which has been helping it to reap profits for the past few years […]

On Mar 24, 2014, we issued an updated research report on Merge Healthcare Incorporated ( MRGE ). Merge recently posted yet another weak quarter with revenues trailing the Zacks Consensus Estimate. Although the company’s fourth-quarter 2013 adjusted earnings per share of 3 cents improved significantly from the loss per share of 4 cents incurred in the year-ago quarter, a 17.2% year-over-year decline in revenues failed to boost investors’ confidence.The company has been battling losses as its strategy to grow with the AMICAS takeover came to naught due to slower-than-anticipated market growth leading to choppy revenues and an improper cost structure. […]

The Initial Public Offering (IPO) of Candy Crush Saga maker King Digital Entertainment Plc ( KING ) failed to gain any favor from investors as share price crumbled 15.6% ($3.50) to end the first day of trading at $19.00. King Digital’s dismal performance — worst among the IPOs to date in 2014 — dampened hopes for a revival in the mobile gaming industry. King Digital’s overdependence on Candy Crush Saga can be primarily blamed for the debacle […]

Shares of Preferred Bank ( PFBC ) hit a new 52-week high of $26.79 during the first half of the trading session on March 26. However, the stock closed the session at $26.03, which reflects a year-to-date return of 28.3%. The trading volume for the session was 231,582 shares […]

Following the Federal Reserve’s rejection of Citigroup Inc. ’s ( C ) capital plan under the Dodd-Frank Act supervisory stress test 2014 (DFAST 2014), the company’s shares crumbled in the after-hours trade. […]

Francesca's Holdings Corp. ’s ( FRAN ) earnings of 27 cents per share in the fourth quarter of 2013 missed the Zacks Consensus Estimate of 28 cents by a penny. […]

Ahead of the Federal Reserve’s decision on the company’s capital plans, the shares of MetLife Inc. ( MET ) has been witnessing strong momentum as it hit a new 52-week high at $58.40 on Mar 26. Particularly, this global multi-line insurer’s shares rose about 7.4% since the company reported its fourth-quarter 2013 results around mid-Feb with a positive earnings surprise of 5.4%. […]