Month: November 2015

Stock Analysts

Mead Johnson: Currency Mars Q3 Growth in Emerging Markets

November 27, 2015 0

On Nov 27, 2015, we issued an updated research report on Illinois-based Mead Johnson Nutrition Company MJN – a global leader in pediatric nutrition, especially for infants and children. The company’s Enfa family of brands, which includes the Enfamil infant formula, is a leading brand franchise in pediatric nutrition. Mead Johnson posted disappointing financial numbers in the third quarter of 2015, missing the Zacks Consensus Estimate of earnings and revenues […]

Economic Data

China in Focus on Black Friday

November 27, 2015 0

The big news while we were sleeping off our Thanksgiving feasts was that the Shanghai Composite Index plummeted 5.5 percent following a reported investigation of China’s largest stock broker, Citic. The firm said it would cooperate with China’s stock regulator, but this didn’t keep Citic from falling 10 percent. Further, the third-largest securities firm in China, Guosen, also tumbled 10 percent, as it is also under investigation for violations committed during the huge summer swoon that sent Chinese markets down 40 percent from their peaks in June […]

Stock Analysts

Alcoa (AA) Names Top Leadership for Post-Split Companies

November 27, 2015 0

Alcoa AA has divulged its executive management structure for the earlier announced separation of its smelting and refining business from those that cater to aerospace and automotive markets. Alcoa, in Sep 2015, said that it is splitting into two standalone, publicly-traded companies to shore up growth amid a challenging operating environment. The separation will result in the creation of two independent, Fortune 500 entities: “The Upstream Company” and “The Value-Add Company.” The Upstream Company will consist of bauxite, alumina, aluminum, casting and energy business units […]

Stock Analysts

Barclays Fined $109M by FCA; Also Settles $14M Over LIBOR

November 27, 2015 0

In relation to a £1.88 billion transaction arranged and executed in 2011 and 2012 for a number of ultra-high net worth clients, Barclays PLC BCS was penalized by the Financial Conduct Authority (FCA). The UK regulator levied a fine of £72.1 million ($109 million) on Barclays, claiming the bank went to "unacceptable lengths to accommodate the clients." According to the FCA, Barclays failed to fully probe a group of wealthy and politically exposed persons (PEPs) in the £1.88 billion transaction, which required enhanced levels of due diligence and monitoring by the bank. The standard procedures for minimizing the risk of money laundering were not followed by the bank, which preferred “instead to take on the clients as quickly as possible and thereby generated £52.3 million in revenue.” Though no financial crime took place at Barclays, the FCA claimed that the bank worked with rich clients in a way that could have resulted in a financial crime. […]

Stock Analysts

LG Display to Invest Trillions to Standout in OLED Market

November 27, 2015 0

LG Display Co., Ltd. LPL , the South Korean electronics giant, disclosed a KRW1.84 trillion investment in the construction of a new panel plant in Paju, Gyeonggi Province in Korea. This new facility will facilitate the production of next-generation organic light-emitting diode (‘OLED’) panels owing to an expected rise in demand of the same in coming years […]

Technicals

Are Investors Becoming Bullish on HollyFrontier (HFC) Stock Now?

November 27, 2015 0

If you are looking for a stock in the Oil Refining & Marketing industry, HollyFrontier Corp HFC could be one to watch closely. Right now the company has a Zacks Rank #2 (Buy) and it has been seeing rising earnings estimate revisions as of late. In fact, the full year consensus estimate has risen from $5.10/share to $5.16/share in the past 30 days, while four estimates have gone higher for the time frame and two have gone lower […]

Technicals

Do Investors Think Noble Corp (NE) Stock is a Buy?

November 27, 2015 0

If you are looking for a stock in the Oil & Gas-Drilling industry, Noble Corp plc NE could be one to watch closely. Right now the company has a Zacks Rank #2 (Buy) and it has been seeing rising earnings estimate revisions as of late. In fact, the full year consensus estimate has risen from $2.44/share to $2.61/share in the past 30 days, while ten estimates have gone higher for the time frame and one has gone lower. […]

Technicals

Zagg (ZAGG) Shares March Higher, Can It Continue?

November 27, 2015 0

As of late, it has definitely been a great time to be an investor in Zagg Inc ZAGG . The stock has moved higher by 19.9% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path. […]

Technicals

The ExOne Company (XONE) in Focus: Stock Surges 20%

November 27, 2015 0

The ExOne Company XONE was a big mover last session, as the company saw its shares rise 20% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent trend of the company as the stock is now down 11.2% in the past one-month time frame. […]

Technicals

Can the Rally in Unit Corporation (UNT) Shares Continue?

November 27, 2015 0

Unit Corporation UNT has been on the move lately as the stock has risen by 51.7% in the past four weeks, and it is currently trading well above its 20-Day SMA. This is a pretty solid move higher, but the question that has to be on investors’ minds right now is; can this trend continue? While there can be no telling for sure, it is certainly encouraging that earnings estimates have risen in the past few weeks on the company, suggesting that sentiment on UNT is moving in the right direction […]