Stock Analysts

Fed Proposes New Rules: Big Banks to Raise $120B in Debt?

The Federal Reserve Board, led by Chairperson Janet Yellen, proposed a new long-term debt and capital requirement level for the “too big to fail” banks at a meeting held on Friday, Oct 30. The board aims to shift the burden of any probable default by big banks to the companies’ debt and equity investors, thereby safeguarding taxpayer money from another bailout. […]

Stock Analysts

4 Red Hot Tech Stocks of October

I love summer and, thankfully, I didn’t have to wait a full-year to enjoy my favorite season. I simply looked at the stock market: “It's getting hot in here!” Snapshot of the “Hottest” Month in 4 Years Following August’s market rout and the slump in September, stocks staged a dramatic comeback in October turning the heat up. […]

Stock Analysts

TELUS (TU) to Report Q3 Earnings: Another Beat in Store?

Leading Canadian telecom service provider TELUS Corporation TU is slated to release its third-quarter 2015 results before the market opens on Nov 5. Last quarter, the company delivered a 5.88% positive earnings surprise. Moreover, the company’s bottom line has surpassed the Zacks Consensus Estimate in three of the past four quarters, with an average beat of 1.12%. […]

Mergers & Acquisitions

PetroChoice Acquires Badger Lubrication Technologies, Inc. in Wisconsin and Yankee Point Lubricants In Pennsylvania

PetroChoice Acquires Badger Lubrication Technologies, Inc. in Wisconsin and Yankee Point Lubricants In Pennsylvania PetroChoice Expands its Sales and Distribution Footprint in Wisconsin With its Purchase of Badger Lubrication of Milwaukee and Strengthens its Market Position in Pennsylvania with the Purchase of Yankee Point Lubricants PR Newswire FORT WASHINGTON, Pa., Nov. 2, 2015 FORT WASHINGTON, Pa. […]

Mergers & Acquisitions

Bevolution Group Expands Portfolio with Acquisition of Tropics Mixology

Bevolution Group Expands Portfolio with Acquisition of Tropics Mixology PR Newswire CHICAGO, Nov. 2, 2015 CHICAGO , Nov. 2, 2015 /PRNewswire/ — Bevolution Group, a leader in the manufacture of shelf-stable and frozen beverage products, today announced its acquisition of Tropics Mixology, which has become a well-known and trusted player in the premium cocktail mix and smoothie category. […]

Stock Analysts

Clorox (CLX) Tops Q1 Earnings & Sales, Retains FY16 View

The Clorox Company CLX began fiscal 2016 on a spectacular note as its first-quarter top and bottom-line results improved year over year and surpassed estimates. Benefiting from enhanced sales and gross margin, the company’s quarterly earnings of $1.32 per share from continuing operations surged 20% year over year, cruising much ahead of the Zacks Consensus Estimate of $1.18. The Clorox Company (CLX) – Earnings Surprise | FindTheCompany Net sales rose 2.8% to $1,390 million, primarily driven by increased prices and robust volumes, partially offset by unfavorable currency effects and greater promotional expenditure […]

Stock Analysts

Sysco Q1 Earnings In Line, Sales Beat on Volume Growth

Global food products maker and distributor Sysco Corporation SYY reported in-line first quarter of fiscal 2016 earnings. Revenues beat the consensus mark by a slight margin, probably due to volume growth. Adjusted earnings of 52 cents per share matched the Zacks Consensus Estimate and the prior-year earnings […]

Stock Analysts

CNA Financial (CNA) Q3 Earnings Beat Estimates, Up Y/Y

CNA Financial Corporation CNA reported third-quarter 2015 operating earnings of 77 cents per share, which outperformed the Zacks Consensus Estimate and improved 13.2% year over year. Including net realized investment losses, net income came in at 66 cents, down 16.5% year over year. Behind the Headlines Net investment income declined 23% year over year to $265 million due to soft performance at limited partnership investments. […]