Month: May 2015

Ushering in good news for smartphone lovers, wireless service provider United States Cellular Corp. USM – a subsidiary of Telephone and Data Systems Inc. TDS – has announced pre-order and pricing details for LG's latest smartphone, G4 […]

U.S. raw steel production for the week ending May 23 notched up a 1.6% gain over the previous week, according to the American Iron and Steel Institute ("AISI") – an association of North American steel makers. […]

With the first quarter earnings season drawing to a close, it’s time to look at some of the gaming stocks that are poised for substantial growth in the near term. We believe that U.S and Asia are the two key markets for gaming companies. Of these two, currently the U.S market is doing better than the Asian market on an improved economy, better job scenario and lower fuel costs […]

Prayers for a calmer weather and sunnier climes can be perennially heard across the entire Property and Casualty (P&C) industry. A catastrophe not only leads to physical loss, it also wreaks havoc on the commerce of this industry which offers insurance against property and casualty. It is so far so good for the second quarter which has escaped the miseries of natural disaster and catastrophe loss. […]

There were quite a few updates last week from companies in the airline industry. However, all that was overshadowed by the airline sell-off that reflected dwindling investor confidence. The airline industry, which has had an incredibly good run over the past couple of years, tumbled significantly last Wednesday […]

Recently, Irish low-cost carrier Ryanair Holdings plc RYAAY reported robust financial and operating numbers with net profit for the year ended Mar 2015 rising 66% year over year to €867 million. Moreover, load factor increased by 500 basis points to stand at 88% while air traffic jumped 11% to 90.6 million. […]

Red Robin Gourmet Burgers Inc. (RRGB) recently announced that it will unveil a restaurant in Columbus, OH, on Jun 8. The outlet will be located at 107 South Veterans Parkway on the southwest corner of College and Veterans Parkway […]

Michael Kors Holdings Ltd.’ s KORS fourth-quarter fiscal 2015 adjusted earnings per share of 96 cents beat the Zacks Consensus Estimate of 90 cents as well as came ahead of the prior-year quarter figure of 78 cents. Revenues of $1,081 million also came ahead of the Zacks Consensus Estimate of $1,079 million while rising 17.8% (23.3% in constant currency) year over year. However, a 5.8% decrease in comparable-store sales (down 1.7% in constant currency) for the quarter as against a 26.2% increase in the prior-year quarter and a lower-than-expected outlook for 2016 has sent investors into a tizzy. […]

On May 26, 2015, we have issued an updated research report on ONEOK Partners L.P. OKS . […]

Greece appears no closer to agreeing a cash-for-reforms deal with creditors, despite claims from Greek Finance Minister Yanis Varoufakis a deal is close. Investors would be more encouraged by those claims — had we not had such mixed messages. […]

Time Inc. TIME announced that it has acquired FanSided, a Missouri-based sports, entertainment and lifestyle network company. […]

The long-awaited $27.4 billion merger between Reynolds American Inc. RAI and Lorillard Inc. LO finally received clearance from the Federal Trade Commission (FTC) after a prolonged review regarding anti-competitive issues. […]

On May 26, 2015, we issued an updated research report on Spanish telecom giant Telefonica S.A. TEF . The company reported mixed financial results in the first quarter of 2015 […]

EMC Corporation EMC , in a bid to strengthen its position in cloud infrastructure services, recently acquired cloud and software services company, Virtustream for approximately $1.2 billion. This move is pivotal for EMC given the shift of its customer applications to cloud-based IT platforms. Virtustream, established in 2009, offers application lifecycle automation and orchestration for enterprises […]