Month: December 2014

On Nov 28, 2014, we issued an updated research report on Las Vegas Sands Corp. ( LVS ). Las Vegas Sands posted third quarter 2014 earnings of 84 cents on Oct 15 that increased 2.4% year over year owing to lower operating expenses. […]

On Nov 28, 2014, we issued an updated research report on JPMorgan Chase & Co. ( JPM ). […]

On Nov 27, 2014, we issued an updated research report on Sonoco Products Co. ( SON ), a global manufacturer of consumer and industrial packaging products. […]

On Nov 28, we issued an updated research report on XL Group plc ( XL ). XL Group’s third-quarter earnings as well as revenues outperformed the Zacks Consensus Estimate. The stellar results came on the back of solid underwriting results in both Insurance and Reinsurance segments driven by a favorable catastrophic environment, despite pricing and renewal pressure. […]

Methanex Corporation ( MEOH ) has announced temporary suspension of its Trinidad operations due to an interruption in power supply. The facilities have not been getting electrical power off the national grid. Share price of the company fell as much as around 11.5% in the trading session following the news release. […]

Shares of Wyndham Worldwide Corporation ( WYN ) hit a new 52-week high of $84.06 on Nov 28. In fact, the company’s share price has increased 9.6% since it posted decent third quarter results on Oct 24. […]

The Coca-Cola Company ( KO ) hit a 52-week high of $45.00 on Nov 28, a day after it teamed up with beer and beverage company, SABMiller plc to create Africa’s largest soft drink bottling company. On Nov 27, Coca-Cola announced an agreement with SABMiller and Gutsche Family Investments, to merge their bottling operations in southern and eastern Africa to form Coca-Cola Beverages Africa which would be the largest Coca-Cola bottler on the continent. SABMiller, headquartered in London, England, is Coca-Cola’s largest bottler in South Africa. […]

The price of West Texas Intermediate (WTI) crude dipped to the lowest mark on Black Friday, ever since Sep 2009, after the international cartel of oil producers – Organization of the Petroleum Exporting Countries (OPEC) – decided against an oil production cut on Thanksgiving Day. Following the drastic fall in crude prices, the shares of oil exploration and production (E&P) firms tumbled as NYSE reopened for abridged trading hours on Friday. Why OPEC’s Decision Hits Crude Prices WTI crude has been trading significantly below the $100 per barrel level since August this year […]

A lawsuit has been filed against Wells Fargo & Company ( WFC ) by Illinois-based Cook County, as per a Reuters report. The lawsuit accused the bank of discriminatory lending practices towards black, Hispanic and female borrowers in the Chicago area. The complaint accused Wells Fargo of practicing discrimination against minority and female borrowers for more than a decade with the aim of recording higher earnings. […]

On Nov 29, Zacks Investment Research upgraded Banner Corporation ( BANR ) to a Zacks Rank #1 (Strong Buy). Why the Upgrade? The rank upgrade of this Washington-based financial institution was driven by strong estimate revisions, given the expectations that the recent acquisition deals will aid the company’s growth prospects. […]

Lexington Realty Trust ( LXP ) disclosed the divestiture of two office assets in Chicago, IL and Brea, CA. The company garnered around $110.0 million and $34.2 million, respectively, in proceeds from this disposition. This real estate investment trust (REIT) settled the $29.9 million mortgage loan associated with the vended properties. […]

On Nov 29, 2014, Zacks Investment Research downgraded Exar Corp. ( EXAR ) to a Zacks Rank #4 (Sell) following dismal second-quarter fiscal 2015 results. The company witnessed downward estimate revisions over the past 30 days. […]