Month: May 2014

In its recently held investor call, Tyson Foods Inc. ( TSN ) reaffirmed its long term outlook. […]

PPG Industries Inc. ’s ( PPG ) protective and marine coatings (PMC) business has manufactured over 100,000 gallons of coatings in a new small batch process at its Little Rock, AR, manufacturing facility. The Little Rock plant is PPG’s largest protective and marine coatings manufacturing facility in the Americas. […]

In a bid to strengthen its security service, F5 Networks Inc. ( FFIV ) has recently acquired Defense.Net, Inc., privately-held cloud-based security solutions provider. The acquisition is expected to boost F5 Networks’ cyber security offerings. […]

In line with its strategic initiatives, full-line sporting goods retailer DICK'S Sporting Goods Inc. ( DKS ) recently unveiled its newly relocated store in Mentor, OH. Spanning 55,000 square feet, the new DICK’S Sporting store will be housed at the Great Lakes Mall in Mentor. […]

Employees of paper products manufacturer Resolute Forest Products Inc. ( RFP ) widely approved its recent agreement with Canadian trade union Unifor for the renewal of collective agreements in the country. Resolute Forest entered into a four-year agreement in principal with Unifor on May 8, 2014, subject to a sanction process by union members in each of the mills covered by the deal. […]

On May 23, 2014, Southern Power – an affiliate of electric utility firm Southern Company ( SO ) − and billionaire Ted Turner-owned Turner Renewable Energy have jointly purchased the Macho Springs Solar Power Plant from First Solar Inc. ( FSLR ). The 50-megawatt (MW) capacity plant is the largest photovoltaic power facility of New Mexico and will be capable of supplying electricity to more than 18,000 houses […]

Chemical company Celanese Corporation ( CE ) announced its plans to build a vinyl acetate ethylene (VAE) emulsions production unit in Southeast Asia. The shares of the company rose as much as 1.7% during the trading hours following the announcement. By expanding its VAE production network to Southeast Asia, the company will be able to better serve its customers throughout the Asia-Pacific region, mainly in the high-end applications of architectural coatings, building and construction, carpets, and paper industries. […]

Amgen Inc. ( AMGN ) announced a label expansion for its oncology drug Vectibix in the U.S. Vectibix can now be used for the first-line treatment of patients suffering from wild-type KRAS (exon 2) metastatic colorectal cancer (mCRC) […]

On May 26, 2014, we issued an updated research report on Discover Financial Services ( DFS ). We believe that the company’s continuous product upgrades and alliances, global presence and effective capital management bode well. […]

Pacific Sunwear of California Inc. ( PSUN ), specialty retailer of apparel, accessories, and footwear, is set to report its first quarter fiscal 2014 results on May 29, 2014. Last quarter, it posted a positive surprise of 5.56% […]

On May 21, 2014, we issued an updated research report on Deutsche Bank AG ( DB ). The company recently reported dismal first-quarter 2014 results. […]

On May 23, 2014, we issued an updated research report on Sempra Energy ( SRE ). This southern California-based energy services holding company recently reported stronger-than-expected first quarter 2014 earnings. Sempra Energy is involved in the sale, distribution, storage and transportation of electricity and natural gas. […]

On May 26, 2014, we issued an updated research report on China Unicom Hong Kong Limited ( CHU ) – the second largest wireless operator in China. The company posted strong first-quarter 2014 results with both the top and the bottom line improving year over year on strong contribution from its 3G and broadband businesses. CHU currently carries a Zacks Rank #4 (Sell) […]

On May 23, we issued an updated research report on American Financial Group Inc. ( AFG ). The company reported first-quarter 2014 operating earnings per share of $1.00, a couple of cents ahead of the Zacks Consensus Estimate. […]

On May 21, 2014, we issued an updated research report on TD Ameritrade Holding Corporation ( AMTD ).The investment brokerage firm exhibits decent fundamentals amid a competitive environment across the industry. TD Ameritrade’s efforts in driving organic growth are commendable. The company is leading with an increasing asset base […]

On May 21, 2014, we issued an updated research report on Bank of America Corporation ( BAC ). The detection of an accounting error, which resulted in a downward revision of capital ratios as well as suspension of BofA’s enhanced capital deployment plans, makes us apprehensive. Further, the company recorded loss in the first quarter compared to the Zacks Consensus Estimate of earnings […]