Momentum Stocks

Bear of the Day: Regions Financial (RF) – Bear of the Day

Based in Birmingham, AL, Regions Financial Corporation ( RF ) is a financial holding company that provides retail and commercial banking, trust, securities brokerage, mortgage and insurance products and services. The bank missed its fourth quarter earnings estimates recently and negative earnings momentum sent the stock to Zacks Rank # 5 (Strong Sell). Fourth Quarter Earnings Miss The bank reported its Q4 2014 results on January 20. […]

Upgrades

ContraFect Corp (CFRX) Upgraded by Zacks to OUTPERFORM

Zacks Investment Research upgraded shares of ContraFect Corp (CFRX) from N/A to OUTPERFORM on January 26, 2015, with a target price of $10.00. CFRX is a clinical stage biotech company focused on the discovery and development of proteins and antibodies for infectious diseases. The company's two platforms: lysins and monoclonal antibody target conserved regions of bacteria or viruses, and therefore have the potential to address multi-drug resistance […]

Stock Analysts

CareFusion Banks on Pipeline Strength, Pricing Woes Remain

On Jan 22, we issued an updated research report on CareFusion Corp ( CFN ). We expect the company to grow by virtue of its strong and diversified product portfolio, innovative pipeline, strategic initiatives along with ongoing cost-control measures and increasing operating efficiency. However, the company remains exposed to pricing and utilization headwinds in certain end-markets. […]

Stock Analysts

Tootsie Roll CEO Passes Away, Speculations of a Merger Rife

Shares of Chicago-based Tootsie Roll Industries Inc. ( TR ) – a seller of chewy chocolates and confectionery products in the U.S., Canada and Mexico – rallied more than 2.5% after rumors made rounds that the candy maker is possibly a takeover target. The death of the long time CEO Melvin Gordon sparked such rumors […]

Stock Analysts

Seagate (STX) Q2 Earnings, Revenues Fall Short of Estimates

Seagate Technology plc ( STX ) reported second-quarter fiscal 2015 non-GAAP earnings per share (excluding the impact of tax benefits, amortization of intangibles, restructuring charges and other one-time items) of $1.35, which missed the Zacks Consensus Estimate by a penny. Seagate Technology LLC – Quarterly EPS | FindTheBest Quarter Details Seagate reported revenues of $3.70 billion, up 4.8% from the year-ago quarter primarily driven by higher demand for its cloud storage products. […]

Stock Analysts

Pfizer’s Prevenar 13 Wins CHMP Backing for Expanded Use

Updates on the regulatory front are eagerly awaited by investors in the pharma/biotech sector as they impact the share price of the concerned company. Regulatory updates include events like filing of investigational new drug applications and marketing applications, acceptance of these applications for review by the regulatory agencies, reviews by advisory panels and, finally, a response from the regulatory agency regarding the approval status. Late last week, Pfizer Inc […]

Stock Analysts

Shire’s Elvanse Gets Positive Response for ADHD in Adults

Investors in the pharma/biotech sector eagerly wait for pipeline updates 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. Shire plc ( SHPG ) recently announced that it has received a positive response from the European Decentralised Procedure for the use of attention deficit and hyperactivity disorder (ADHD) drug Elvanse in adults in three European countries – UK, Denmark and Sweden […]

Stock Analysts

Microsoft Beats on Q2 Earnings, Sales

Another top-notch earnings report for Microsoft ( MSFT ) came out after the bell Monday. The world's largest software firm brought in 71 cents per share on revenues of $26.5 billion, topping the estimates of 70 cents and $26.05 billion, respectively. The earnings per share also accounts for a two-cent per share hit on the bottom line on integration and restructuring expenses. […]