Month: January 2015

Novartis’ ( NVS ) generic arm, Sandoz, announced that the U.S. Food and Drug Administration’s (FDA) Oncologic Drugs Advisory Committee (ODAC) has recommended the approval of its biosimilar version of Amgen’s ( AMGN ) Neupogen (filgrastim). The recommendation for approval of the biosimilar of Neupogen is meant for use in all approved indications. […]

U.S. energy holding company Energen Corporation ( EGN ) announced that its Permian Basin operations were greatly hampered by the impact of a severe winter storm. As reported by the company, adverse weather conditions began affecting the company’s operations in the Delaware and Midland basins and Central Basin Platform on Dec 30, 2014 […]

On Jan 8, 2015, Zacks Investment Research upgraded The Allstate Corp. ( ALL ) by a notch to a Zacks Rank #1 (Strong Buy) from a Zacks Rank #2 (Buy). […]

On Jan 8, Zacks Investment Research upgraded Federated National Holding Company ( FNHC ) to a Zacks Rank #1 (Strong Buy). Why the Upgrade? […]

Shares of homebuilders, D.R. Horton, Inc. […]

Norwegian oil giant Statoil ASA ( STO ) has awarded the service contracts valued at about NOK 5 billion ($640.38 million) for seven bases in Norway over a period of 10 years. These contracts, scheduled to become functional on Jul 1, 2015, have a term of six years with options for an extension of two years, twice. The contract duration shall be 10 years if all the options are exercised […]

Medical device company, St. Jude Medical Inc. […]

Sprint Corporation ( S ) is all set to boost its 2.5 GHz network coverage. The company has sealed a $1.8 billion financing deal with three new vendors and has received another $300 million in credit from its existing Canadian financer. The company will use this money to buy 2.5 GHz network equipment. […]

Share price of Henry Schein, Inc. ( HSIC ) rose 2.8% to eventually close at $138.55 yesterday, following the announcement that the company will distribute the entire line of dental equipment manufactured by A-dec in North America, effective from the second quarter of 2015. A-dec, headquartered in Oregon, manufactures superior dental equipment solutions that are highly popular among dentists and their patients worldwide. […]

On Jan 8, we issued an updated research report on Molina Healthcare, Inc. ( MOH ). Molina Healthcare has been witnessing a boost in premiums and revenues over the last few years. […]

On Jan 7, we issued an updated research report on IDEXX Laboratories, Inc. ( IDXX ) – a developer, manufacturer and distributer of products and services primarily for the companion animal veterinary, livestock and poultry, water testing and dairy markets. […]

Construction services company, Jacobs Engineering Group Inc. ( JEC ), recently won an engineering services contract from BP Chembel N.V. […]

Markets enjoyed a good week before declining significantly today, following indications that recent gains have been excessive. On Monday, stocks registered biggest gains on a year’s first trading day since 1993. The Shanghai Composite Index gained marginally on Tuesday, even as stocks continued to move upward. […]

Pipeline updates are highly awaited events in the pharma/biotech sector as they play an important role in deciding whether or not to invest in a particular company. These updates provide information on experimental drugs and at times give an insight into the commercial potential of the candidate once it is successfully developed and commercialized. Earlier this week, BioLineRx Ltd. […]

On Jan 8, 2015, we issued an updated research report on Aon plc ( AON ). The company’s strength lies in its core business strengthening initiatives, efficient capital deployments and cost savings generated from restructuring programs. […]