Month: January 2015

Zacks Investment Research now holds a pessimistic view on industrial titan General Electric Company ( GE ), as evident from its recent downgrade to Zacks Rank #4 (Sell) from Zacks Rank #3 (Hold). The gloomy outlook comes on the heels of the disappointing guidance given by the conglomerate as it expects a downslide in oil prices to hurt its performance in 2015. […]

Shares of technology company, PMC-Sierra ( PMCS ), hit a new 52-week high of $9.39 on Dec 31, eventually closing at $9.16. The company delivered one-year as well as year-to-date return of more than 42%. […]

Shares of United Continental Holdings Inc. ( UAL ) hit a new 52-week high of $67.77 on Dec 31, 2014. However, the company ended the day’s trading a trifle lower at $66.89, reflecting a solid 77% return over the past 12 months. […]

On Jan 2, Zacks Investment Research upgraded Great Lakes Dredge & Dock Corporation ( GLDD ) to a Zacks Rank #2 (Buy) from a Zacks Rank #3 (Hold), largely on the back of steady inflow of projects, improved fleet utilization and acquisitions. Why the Upgrade? Share price of Great Lakes Dredge & Dock has been on the rise since the company announced that it has been awarded the New Jersey shore and the Arthur Kill Channel projects, together valued at over $210 million, on Dec 15. […]

On Dec 31, Zacks Investment Research downgraded the integrated energy giant, Royal Dutch Shell plc ( RDS.A ), to a Zacks Rank #5 (Strong Sell). Why the Downgrade? Shell is an integrated energy firm but has a large upstream exposure, the segment comprising about 77% of its income. […]

On Dec 26, 2014, we issued an updated research report on Raymond James Financial, Inc. ( RJF ). This St. […]

2014 ended on a sour note for Bank of America Corporation ( BAC ) in terms of legal issues. Despite resolving majority of its mortgage-related lawsuits during the year, legal headwinds continue to haunt the company. Per a Reuters report, BofA has been sued by Ambac Assurance Corp., a principal operating subsidiary of Ambac Financial Group, Inc. […]

Lululemon Athletica Inc . ( LULU ), one of the leading yoga-inspired athletic apparel and accessories retailer, has created a distinct niche for itself in the market by offering superior product designs at a premium price. […]

Barrick Gold Corporation ( ABX ) has announced that the Supreme Court of Chile will not consider its appeal of a lower court decision regarding sanctions imposed on the Pascua-Lama project by the nation’s environmental regulator. According to an earlier finding by Chile's Environment Court, the environmental regulator (known as the SMA) improperly fined Barrick for environmental infractions in its development of the Pascua Lama mine. […]