Month: January 2015

On Jan 2, United Insurance Holdings Corp. ( UIHC ) reached a new 52-week high of $22.44 per share, driven by inorganic growth. […]

Intel Corporation ( INTC ) recently invested nearly $24.8 million in Vuzix Corporation ( VUZI ), a global distributor of video eyewear and smartglasses, to expand its presence in the wearables market. Based in New York, Vuzix develops computerized, Internet-connected glasses and other video eyewear aimed at consumer, businesses and entertainment markets. […]

Hard disk manufacturer Seagate Technology Public Limited Company ( STX ) further enhanced its wireless storage device portfolio with the launch of a 500 gigabyte (GB) portable wireless drive that is compatible with mobile devices. The new product is expected to be available by early February this year at online retailer Amazon.com Inc. ( AMZN ), multi-channel electronic retailer Best Buy Co […]

Shares of Quest Diagnostic Inc. ( DGX ) scaled a new 52-week high of $69.58 on Jan 2. The bullish run reflects the company's enhanced focus on higher growth areas through innovative product launches, balance sheet strength and impressive third-quarter 2014 results […]

Upstream energy company, LINN Energy, LLC ( LINE ) provided an outlook on its 2015 capital spending and distribution. The company also announced an oil and gas development deal with GSO Capital Partners LP. LINN Energy stock gained over 12% on the NYSE […]

On Jan 3, 2015, Zacks Investment Research downgraded Mexican pay-TV and broadcasting company Grupo Televisa S.A.B. ( TV ) by a notch to a Zacks Rank #4 (Sell). In the third quarter, the company reported quarterly loss per Global Depository Shares of 2 cents in contrast to the Zacks Consensus Estimate of earnings of 17 cents. […]

Shares of Rite Aid Corporation ( RAD ) have climbed 1.5% since the drugstore chain retailer came up with solid sales results for Dec 2014. The company’s comparable-store sales (comps) for the four weeks ended Dec 27 rose 5.3%. […]

General Motors Company ( GM ) reported that it had announced an astounding 84 safety recalls in North America last year, covering a total of 30.4 million vehicles (including exports). Of these, almost 27 million vehicles were recalled from the U.S. The largest of the recalls was announced in Jun 2014, covering nearly 6.6 million 1997–2005 Chevrolet Malibu, 1998–2002 Oldsmobile Intrigue, 1999–2004 Oldsmobile Alero, 1999–2005 Pontiac Grand Am, 2000–2005 Chevrolet Impala and Monte Carlo, and 2004–2008 Pontiac Grand Prix in North America […]

On Jan 3, 2015, Zacks Investment Research downgraded leading wireless carrier in the U.S., Sprint Corp. ( S ), by a notch to a Zacks Rank #5 (Strong Sell). After registering positive earnings surprises of 125%, 33.33% and 28.12% in three quarters last year, Sprint ended the year with an average negative earnings surprise of 2.17% […]

On Jan 2, we issued an updated research report on mining and steel company Mechel OAO ( MTL ). While the company should gain from incremental opportunities stemming from its Elga coal mine, it is faced with pricing pressure and continues to operate with a high debt level. Mechel posted wider loss in the third quarter of 2014, reported on Dec 9, hurt by lower iron ore and coal pricing […]

Norwegian oil giant Statoil ASA ( STO ) along with its partners has brought the Valemon gas and condensate field in the North Sea online. The field is estimated to hold recoverable reserves of 192 million barrels of oil equivalent. Valemon is one of the many new projects on the Norwegian continental shelf that will enhance value and activity, validating the long-term outlook that distinguishes Statoil’s activity in the area […]