Month: December 2015

Shares of The Toro Company TTC have gained 4.45% since it reported record-setting results for fiscal 2015 aided by strong contributions from new BOSS snow and ice management business, its core residential and landscape contractor businesses and newer rental and construction business. Also, the company also remains focused on product innovation, productivity and profitable growth and has provided a positive outlook for fiscal 2016. The manufacturer of professional turf maintenance equipment and services reported fourth-quarter fiscal 2015 (ended Oct 31, 2015) earnings of 42 cents per share, which increased a whopping 121% from the year-ago quarter […]

Groupon, Inc. GRPN has announced a fresh set of changes to its managerial team. The company has elevated Jay Sullivan, currently serving as head of consumer products, to the post of chief product officer while naming Aaron Cooper as the head of North American Services operations. […]

On Dec 4, 2015, Zacks Investment Research downgraded Navistar International Corporation NAV to a Zacks Rank #5 (Strong Sell). Why the Downgrade? […]

VMware, Inc. VMW it seems is trying its best to pacify investors as the acquisition of its parent company EMC Corporation EMC by Dell approaches. According to a Bloomberg report, VMware is planning to buy back a huge number of shares (possibly in multimillion dollars). […]

We expect Toll Brothers, Inc. TOL to beat expectations when it reports fourth-quarter and full-year fiscal 2015 results on Dec 8, before the market opens. Last quarter, it had posted a negative earnings surprise of 16% […]

Group 1 Automotive Inc. ’s GPI shares gained 2.7% to close at $78.99 on Dec 4, after the company announced the pricing of the private placement of its 5.250% senior unsecured notes due 2023. […]

Cerner Corporation CERN continues to win important contracts for its population health management platform – HealtheIntent – which is expected to drive the company’s top line significantly. HealtheIntent was recently picked by Broward Health which will help the latter’s systems come out with advanced clinical outcomes through superior analysis of patient health and access to a large data base. […]

Danaher Corporation DHR recently named the new diversified industrial growth company, which it had planned to launch as part of the split following the Pall merger deal, as Fortive Corporation. The name is derived from Latin root 'fort' which means strong. […]

Fastenal Company FAST released its sales figures for the month of November. November net sales rose 4.1% year over year to $298.2 million. […]

John Wiley & Sons Inc. JW.A is scheduled to report second-quarter fiscal 2016 financial numbers on Dec 8, 2015. […]

13 global banking giants got some relief as the European Commission closed antitrust proceedings against the banks over alleged collusion in the credit-derivatives market owing to lack of evidence. Two years back, the European Union’s (EU) anti-trust body charged the 13 banks along with International Swaps and Derivatives Association (ISDA) and Markit – a financial data provider– for preventing exchanges from entering the lucrative credit derivatives market during 2006–2009. […]

The Puerto Rico unit of Wal-Mart Stores Inc. WMT has recently sued the island’s government over an increase in an import tax that would take away 91% of its profits on the island, as per Bloomberg. As per Puerto Rico’s act (enacted in May), the tax rate has increased to 6.5% from 2% […]

Months of speculation on the timing of the Fed’s first rate hike since June 2006 may finally be put to rest at the next policy meeting slated for Dec 15–16. If this happens, the credit will go primarily to the employment report released last Friday that came in stronger than expected. […]

Gilead Sciences, Inc. GILD announced that its Marketing Authorisation Application (MAA) for a once-daily, fixed-dose combination of its blockbuster hepatitis C virus (HCV) infection drug, Sovaldi with velpatasvir (an investigational pangenotypic NS5A inhibitor), has been fully validated and is now under assessment by the European Medicines Agency (EMA). […]

Autodesk, Inc. ADSK hit a new 52-week high of $65.78 in yesterday’s trading session, though closing a tad lower at $65.29.The increase in price target by an analyst led to the rise in shares. Autodesk’s ongoing business transition (from licenses to cloud-based services) is boosting its subscriptions and deferred revenues, which are expected to benefit it in the long run as well. […]

The U.S. Energy Department's weekly inventory release showed a larger-than-expected decrease in natural gas supplies – the season’s first withdrawal. Despite the bullish inventory news, natural gas prices fell on weather-related concerns. […]

3D Systems Corporation DDD recently announced that it will showcase its entire range of offerings (both existing and upcoming) at the globally distinguished electronics and technology trade show, International Consumer Electronics Show (“CES”) 2016. The trade convention is being held in Las Vegas, NV from Jan 6 to Jan 9. […]

Novartis NVS announced positive results from a phase III study, RATIFY, on leukemia candidate, PKC412 (midostaurin). Results showed that patients under 60 years of age with newly-diagnosed FLT3-mutated acute myeloid leukemia experienced a 23% improvement in overall survival when treated with PKC412 plus standard induction and consolidation chemotherapy, as compared to those treated with standard induction and consolidation chemotherapy alone. […]