Month: January 2015

Over the last five trading sessions, Video Game stocks have mostly been trending downward despite the absence of any major negative event. We believe that the decline in market indices were primarily responsible for this drop. Major news highlights over the past week include Activision Blizzard, Inc.’s ( ATVI ) expansion in China in collaboration with Tencent Holdings Limited and U.S. […]

As per the latest market buzz, BlackBerry Limited ( BBRY ) shrugged off the rumor concerning the sale of its entire business to Samsung. This has led to a sharp decline of nearly 19.8% in the company’s stock price to $10.10 in yesterday’s trading session. This is in sharp contrast to a 29.7% rally witnessed by the stock the day before. […]

CME Group Inc. ( CME ) is not considering to the drop-out of the fifth-largest global interdealer broker – GFI Group Inc. ( GFIG ) deal as an option. […]

Independent oil and gas company, Range Resources Corporation ( RRC ) revised its capital budget and production growth outlook for 2015. The company lowered its capital spending budget to $870 million from $1.3 billion budgeted earlier, to cope with the relentless fall in oil prices. Also. […]

North American energy firm Williams Companies Inc. ( WMB ) declared that it has distributed record volumes of natural gas through Transco interstate gas pipeline to meet a high space heating demand created by frigid temperatures across the U.S Eastern Seaboard. […]

The U.S. Energy Department's weekly inventory release showed a larger-than-expected decrease in natural gas supplies. Importantly, the storage draw was higher than the benchmark 5-year average withdrawal for the week […]

Sigma-Aldrich Corporation ( SIAL ) announced that its business unit, SAFC Commercial has verified its recently expanded unit in Irvine, Scotland. The unit is responsible for the production of dry powder cell culture media. The manufacturing unit is an integral part of the five-year capital investment project which was designed to cater to the requirements of SAFC’s consumers for special products and services across the globe. […]

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 on the commercial potential of the candidate once it is successfully developed and commercialized. […]

Developer of life-science tools and integrated systems for large-scale genetic analysis, Illumina, Inc. ( ILMN ), recently launched its HiSeq X Five System and HiSeq 3000/4000 Systems to expand its line of sequencing system portfolio. […]

Finally, leading satellite TV operator DISH Network Corp. ( DISH ) and Fox News have managed to seal a multi-year agreement pertaining to carriage fees, putting an end to a week-long dispute between the two companies. Henceforth, DISH’s 14 million satellite TV customers will be able to watch two of the most viewed channels in the country – Fox News and Fox Business Network […]

Shares of The Goldman Sachs Group, Inc. ( GS ) slipped over 2% in the beginning of the trading session following its fourth-quarter 2014 earnings release. […]

Software developer Microsoft Corporation ( MSFT ) slashed the price of its gaming console, Xbox One, again by $50. The console is now back to its holiday pricing of $349. In Nov 2014, Microsoft had slashed the price of the Xbox One by $50 to $349 to gain a price advantage against Sony Corp […]

Fourth-quarter results dominated the headlines for banking stocks in the last five trading days. After successfully confronting the tough industry backdrop and huge litigation costs in the first three quarters of 2014, banks succumbed to challenges this time around. Though the banks were able to beat/meet the Zacks Consensus Estimate, it was largely due to conservative earnings estimates provided by the analysts. […]

OncoMed Pharmaceuticals, Inc. ( OMED ) announced that it has enrolled the first biomarker-selected patient in the expansion stage of a phase I study on its cancer candidate, OMP-52M51. OMP-52M51, an anti-Notch1 antibody, is being evaluated for the treatment of solid tumor by OncoMed in partnership with GlaxoSmithKline ( GSK ). […]

Toyota Motor Corporation ( TM ) reported sales of 888,000 Toyota and Lexus vehicles in Europe in 2014. This represents a 4.6% improvement over 2013, which is the fourth consecutive year-on-year increase in the continent. Toyota’s sales in Europe also surpassed the company’s target of 865,000 units […]

Vornado Realty Trust ( VNO ) has finally accomplished the spin-off of Urban Edge Properties (“UE”). This new, independent, publicly company will start regular trading under the ticker symbol “UE” on the NYSE from today. UE has stake in 79 strip shopping centers, 3 malls and one Warehouse Park that were previously under Vornado’s ownership […]

Shares of Constellation Brands Inc. ( STZ ) hit a new 52-week high of $109.38 on Jan 15, 2015, before eventually closing at $108.18. The rise came on the back of the company’s recently announced third-quarter fiscal 2015 results and an encouraging outlook for the year […]

On Jan 15, we issued an updated research report on Netflix Inc. ( NFLX ) following its third-quarter 2014 results. While earnings beat the Zacks Consensus Estimate, revenues remained in line with the same […]

An improving economic and job scenario, growing consumer confidence, moderating home prices and a low level of housing inventory resulted in an improvement in the housing market in the second half of 2014, albeit at a slow pace. The market generally believes that homebuilding activity will pick up in 2015 backed by improving job numbers and a rebounding economy. […]