Month: December 2015

Keeping its positive sales trend alive for the fourth consecutive month, The Cato Corporation CATO recently posted healthy comparable-store sales (comps) data for the five weeks ended Nov 28, 2015. Comps inched up 1% from the year-ago period, exceeding the company’s expectations. […]

Gap Inc. GPS is evidently losing its sheen given the repeated dismal sales performances. This time too the company has disappointed investors with soft sales for the four weeks ended Nov 28, 2015. […]

The Dow Chemical Company ’s DOW Packaging and Specialty Plastics business recently entered into a collaboration with Sustainable Packaging Coalition (“SPC”) and Accredo Packaging for making Seventh Generation’s first recyclable Dishwasher Pods packaging. This packaging features SPC’s How2Recycle label. […]

On Dec 7, Zacks Investment Research updated the research report on leading microcontroller and touch solutions provider Atmel Corporation ATML . Atmel, reportedly the third largest player in the microcontroller market, is presently in the process of transforming itself into a microcontroller-based company, by continually introducing high-margin products that have high growth potential. […]

On Dec 4, we issued an updated research report on chemical company FMC Corp. FMC . FMC Corp […]

With India’s postal department receiving the Reserve Bank's nod to set up non-lending payments banks in August 2015, the UK-based Barclays PLC BCS seems interested in forming a partnership with the former with an aim to broaden its customer base. The news was first reported by Bloomberg. […]

Shares of Costco Wholesale Corporation COST gained roughly 3.5% following the company’s better-than-expected comparable-store sales (comps) results for the month of November, reported on Dec 2, 2015. The warehouse retailer witnessed flat comps for the month, after a decline of 1% in October and flat comps registered in September. Comps for November reflect an increase of 3% at the company’s U.S […]

Industrial goods manufacturer Graco Inc. GGG recently announced a 10% year-over-year hike in its quarterly dividend payout to 33 cents per share or $1.32 on an annualized basis. The increased dividend will be payable on Feb 3, 2016 to shareholders of record as of Jan 19 […]

Shares of The Buckle, Inc. BKE dropped roughly 2.3% following the company’s disappointing November comparable-store sales (comps) performance. Comps for the four-week period ended Nov 28, 2015, decreased 7.9% year over year, following a 5.8% decline registered in October. […]

Lululemon Athletica Inc. LULU is slated to report third-quarter fiscal 2015 results on Dec 9. […]

Barclays PLC BCS has completed the sale of its U.S. Wealth & Investment Management unit to St. Louis-based Stifel Financial Corp. […]

Continuing with its landmark asset offloading program, General Electric Company GE inked an agreement to sell its equipment lending and leasing business in Mexico to Linzor Capital Partners, a prominent pan-regional private equity firm that focuses on Latin American middle market investments. The transaction is dependent on customary regulatory and other approvals, and is expected to close by the end of the first quarter of 2016. The divestment represents aggregate ending net investment (“ENI”) of about $1.1 billion. […]

The decision of the Organization of the Petroleum Exporting Countries (OPEC) – the international cartel of oil producers – to not curb the output of crude, which was announced at its meeting in the Austrian capital of Vienna on Friday, Dec 4, turned out to be a boon for stocks in the airline space. The gathering of the group's 12 member countries from the Middle East, Africa and Latin America decided that the daily crude production would be approximately 31.5 million barrels (the previous production cap was officially 30 million barrels). […]

A distributor of propane and related equipment, Ferrellgas Partners L.P. FGP is scheduled to report first-quarter fiscal 2016 results before the market opens on Dec 9. […]

The euro shot up to its highest level in a month against the dollar last Thursday after the European Central Bank (ECB) provided a lower-than-expected level of monetary stimulus. Speaking at a press conference the next day, ECB President Mario Draghi said further measures would be introduced to boost the Eurozone’s economy if required. Friday was witness to impressive U.S. […]

Chipotle Mexican Grill, Inc. CMG declared in a recent filing that its sales have taken a severe hit post the E.coli outbreak. This follows the announcement by the U.S […]

Shares of Altera Corporation ALTR attained a new 52-week high of $53.33 on Dec 4, 2015 and eventually closed at $53.20. The stock represented a year-to-date return of 44%. The average trading volume for the last three months aggregated approximately 2,699K […]

HSBC Holdings plc HSBC entered into a deal with the Post Office, which has a national network of over 11,500 branches across the UK, to provide banking services to its business customers. The Post Office already offers a number of services to HSBC’s personal customers. The deal will enable HSBC business customers to pay in cash, withdraw funds as well as check their account balance. […]