Stock Analysts

Capital One Embroiled in Check-Casher Money-Laundering Case

Capital One Financial Corporation ( COF ), the McLean, VA-based credit services firm has received subpoenas from the New York District Attorney’s Office as part of a money-laundering investigation, per a Bloomberg report. The probe pertains to its commercial banking business of certain check-casher customers. According to the bank sources, Capital One is gradually withdrawing from its business of providing services to check-cashers clients and similar types of companies […]

Stock Analysts

Airline Stock Roundup: Virgin America, Southwest in Focus

Despite the earnings season on in full swing, airline stocks remained lackluster over the past one week. Improved quarterly results posted by most of the carriers made no significant impact on the industry overall, leading to most of the stocks trading in the red through the week. Some of the major highlights from the past week include earnings announcements by U.S. […]

Stock Analysts

Samsung Dethroned by Xiaomi as China’s Top Smartphone Vendor

Samsung’s dominance in the Chinese mobile phone market was shaken by Xiaomi. Reportedly, Samsung, the top smartphone vendor for a significant part of the past two years, was dethroned by Xiaomi, a Chinese handset maker, in the April to June period. Per Canalys, a market research company, Xiaomi sold 15 million smartphones compared with Samsung’s 13.2 million during the period […]

Stock Analysts

Nucor’s Strategic Actions Show Potential in a Tough Market

On Aug 1, we issued an updated research report on steel maker Nucor Corporation ( NUE ). While the company’s strategic investments in a slew of projects coupled with its efforts to expand capacity should support results moving ahead, challenging steel market fundamentals continue to weigh on its prospects. Nucor, on Jul 24, posted healthy second-quarter 2014 results […]