Month: December 2015

Nokia Corp. NOK has announced that the sale of its HERE high-definition (HD) mapping/navigation business will be completed this week. The company will sell the business to a consortium of German automakers consisting of BMW, Daimler and Volkswagen (owner of Audi) for a consideration of €2.8 billion (approximately $3.1 billion). […]

America Movil SAB AMX , the undisputed leader of the Mexican telecom market, has announced that its wireless tower business, which was recently spun off from the company, will be listed on the Mexican stock exchange on Dec 21, 2015. Mexico's National Banking and Securities Commission has authorized the listing of Telesites (the name of the spun-off entity) shares. Telesites has a portfolio of about 10,800 wireless towers and provides extensive network coverage in Mexico […]

Newmont Mining Corporation NEM recently provided its updated long-term operating and financial outlook. Newmont anticipates attributable gold production to increase from a range of 4.8−5.3 million ounces in 2016 to 5.2−5.7 million ounces in 2017, and remain stable thereafter in a range of 4.5−5 million ounces through 2020. Fresh production at Cripple Creek & Victor (CC&V), Long Canyon Phase 1, Merian and Tanami Expansion is expected to help neutralize maturing operations at Yanacocha and mine sequencing at the Batu Hijau mine […]

C.H. Robinson Worldwide Inc. […]

Frontier Communications Corp. FTR has received the final approval from California Public Utilities Commission (CPUC) for its proposed acquisition of leading wireless carrier Verizon Communications Inc.’s VZ local wireline operations in California, Florida and Texas. The company has already received all other necessary regulatory clearances, including those from the Federal Communications Commission (FCC), the U.S. […]

Symantec Corp. SYMC recently inaugurated a dedicated Security Operations Center (SOC) in Singapore. Although the company has not disclosed the amount spent on the facility, it did mention that it is part of the $50 million investment for beefing up its Cyber Security Services business globally […]

We issued an updated research report on CNO Financial Group, Inc. CNO on Dec 3, 2015. […]

Express Scripts Holding Company ESRX announced that its board of directors has approved the repurchase of an additional 60 million shares. With the additional authorization, the company can now repurchase a total of 265 million shares. We note that the company did not repurchase any shares during the third quarter of 2015. […]

Shares of DENTSPLY International Inc. XRAY rallied to a new 52-week high of $62.79 on Dec 3 and closed a tad bit lower at $62.61. This represents a strong year-to-date return of approximately 17.5%, much better than the S&P 500’s return of -0.5% over the same period […]

Analog Devices Inc. ADI recently priced two sets of unsecured senior notes offering totaling $1.250 billion. […]

Apple Inc. AAPL had taken another step toward strengthening its enterprise offerings. The tech behemoth just made its Swift programming language open source […]

Paychex Inc. PAYX appears to be striving to capitalize on the rising opportunities in the temporary staffing industry. In this regard, the payroll and human resource solutions provider entered into a deal to acquire Cleveland, OH-based Advanced Partners. […]

Netflix, Inc. NFLX hit a new 52-week high of $132.20, though closing much lower at $126.81. Shares closed lower as investors sold their stake to book profits. […]

McDonald's Corp. MCD faces tax investigation by European Union regulators into its Luxembourg operations. The European antitrust regulatory body will verify whether a tax ruling by Luxembourg in 2009 allowed the company to unfairly avoid paying corporate taxes on its European royalties in Luxemburg. […]

On Dec 3, 2015, we issued an updated research report on Rhode Island-based pharmacy retail giant CVS Health Corp. CVS , which provides integrated offerings across the entire spectrum of pharmacy care. CVS Health posted a solid third-quarter 2015 with revenues comfortably beating the Zacks Consensus Estimate. […]

On Dec 3, we issued an updated research report on Universal Technical Institute, Inc. UTI . […]

Lockheed Martin Corp. LMT won a modification contract from the U.S. Air Force for its Joint Air-to-Surface Standoff Missile (JASSM) program. […]

The final meeting of the Federal Reserve on Dec 16 is sure to cook up a storm as it will likely result in an interest rate hike for the first time in almost a decade. Notably, in a speech to the Economic Club of Washington, Fed Chairperson Janet Yellen articulated her confidence in the U.S. […]

Kinder Morgan, Inc. ’s KMI share price plunged more than 18% over this week amid the high volatility in commodity price environment and macro uncertainties. This massive fall in stock price raised concerns among Kinder Morgan investors. […]