Month: January 2015

Shares of The Kroger Co . ( KR ) touched a 52-week high of $66.69 on Jan 13, 2015 before eventually closing at $66. We note that the company's share price has been rising consistently, delivering an impressive growth of 69.2% year over year. […]

GE Capital's Healtcare Financial Services, a division of General Electric Company ( GE ), recently augmented the liquidity of GenMark Diagnostics, Inc. ( GNMK ) by serving as an administrative agent on a senior secured credit facility of $40 million. GenMark develops and commercializes its proprietary eSensor detection technology to diagnose diseases and optimize patient treatment. […]

Overall industry weaknesses failed to dampen JPMorgan Chase & Co. ’s ( JPM ) earnings strength in fourth-quarter 2014. […]

Chemicals maker Albemarle ( ALB ) has closed its $6.2 billion acquisition of Rockwood Holdings, Inc. The deal was announced in Jul 2014 and was cleared by shareholders of both companies at their respective special meetings in Nov 2014. In sync with the deal terms, each outstanding Rockwood share has been converted into the rights to get $50.65 in cash and 0.4803 of a newly issued share of Albemarle stock […]

Tesla Motors, Inc. ’s ( TSLA ) CEO Elon Musk revealed at an industry conference in Detroit that the company may not achieve net profits until the yet-to-be-launched Model 3 enters full-scale production in 2020. Prior to that, the electric carmaker may attain profits after excluding special items […]

Auto parts retailers have time and again delivered years of top and bottom line growth. They are poised to produce steady financial gains this year as well. This is because the average age of cars is expected to remain at a record high of 11.4 years in 2015, according to IHS Automotive. […]

Moving ahead with its expansion plans, Hertz Equipment Rental Corporation (“HERC”), a wing of Hertz Global Holdings Inc. ( HTZ ), announced the opening of a new facility in Sanford, FL. […]

The supply glut from the shale drilling bonanza meant that December was another record-setting month for U.S. natural gas production from the Lower 48 states. As per the latest report from Bentek Energy – the forecasting unit of Platts – December natural gas production was up 3.6% from November to 72.8 billion cubic feet per day (Bcf/d), the highest monthly average ever. […]

On Jan 13, 2015, we issued an updated research report on ADTRAN Inc. ( ADTN ). ADTRAN has delivered positive earnings surprises in all three quarters last year, with an average beat of 17.63%. […]

Koninklijke Philips N.V ( PHG ) disclosed the recommencement of shipments of its Brilliance ICT systems from the Cleveland production facility, subsequent to an external certification of its management system. Notably, the move came after the resumption of production at the facility by the company, in fourth-quarter 2014. However, owing to longer delay in ramping up production and shipment in the facility, Philips expects the impact on its full year EBITA to be higher than projected. […]

Shares of Ocwen Financial Corp. ( OCN ) fell 36.2% after the news of the California regulators considering suspension of the company’s mortgage license hit the market. The end of 2014 failed to bring an end to the company’s boundless troubles with the regulatory bodies, for which it paid a hefty price in the form of a 72% share price decline in the previous year alone. […]