Month: December 2015

Airline stocks will likely continue their bull run into 2016 as has been reinforced by the encouraging outlook provided by the International Air Transport Association (IATA) recently. The trade association now expects profits in the aviation industry to touch $36.3 billion in 2016 with a net profit margin of 5.1%. IATA also projects profits of around $33 billion in 2015 with a net profit margin of 4.6%, marking an improvement from the previous guidance of $29.3 billion which was released in Jun 2015 […]

On Dec 10, Zacks Investment Research upgraded Fluidigm Corp FLDM to a Zacks Rank #1 (Strong Buy). The company’s expanding product portfolio and impressive pipeline were the primary reasons that drove the upgrade. […]

Shares of Five9 Inc. FIVN hit a new 52-week high of $7.41 on Dec 10. The stock closed at $7.38, representing a year-to-date return of 64.4% […]

WestRock Company WRK has agreed to take over the packaging business of Cenveo, Inc. CVO for $105 million. Given the attractive and complementary customers, markets and facilities, Cenveo Packaging will be a strategic fit to WestRock’s consumer packaging business […]

"We are a procrastinator's dream” — Stephenie Landry, worldwide director of Prime Now And we couldn’t agree more! Amazom.com Inc. AMZN has added more than 4,000 items to its Prime Now service just for the holidays. What’s more? […]

We have updated our research report on Mack-Cali Realty Corporation CLI on Dec 10, 2015. After suffering its share of struggles in the recent years, in September, Mack-Cali decided to focus on waterfront and transit-oriented office properties as well as luxury multi-family properties, instead of continuing as a suburban company. (Read: Mack-Cali to Find Its Fortunes on the Hudson Waterfront ) The aim in doing so was to attract people who prefer to live, work and play in the same area – a trend that drove development in several other cities of the U.S […]

Premium machine, tools and accessories company Blount International Inc. BLT lately declared that it has entered into a authoritative agreement, under which it will be acquired by affiliates P2 Capital Partners, LLC (“P2 Capital Partners”) and American Securities LLC (“American Securities”). An all-cash deal, the buyout is valued at $855 million, including assumption of debt. […]

Wal-Mart Stores, Inc. WMT has again created a buzz in the e-commerce industry with the launch of its own mobile payment system called Walmart Pay that will allow shoppers to pay through its existing smartphone app. The retailer has started testing the new payment system in selected stores. […]

T-Mobile US, Inc. TMUS is leaving no stone unturned to maintain its third highest position in the U.S. wireless market as well as to counter competition […]

On Dec 10, we issued an updated research report on fertilizer company CVR Partners UAN . CVR Partners swung to a loss in third-quarter 2015, hit by a major plant turnaround, outages and costs related to its planned purchase of Rentech Nitrogen Partners RNF . Both revenues and adjusted loss missed Zacks Consensus Estimates […]

Aerospace giant, The Boeing Co. BA announced that it has booked orders for 11 new jetliners worth $1.1 billion at list prices. […]

Spectra Energy Capital, LLC, a subsidiary of Spectra Energy Corporation SE , recently received a rating upgrade from Moody's Corporation MCO rating unit, Moody's Investors Service. The credit rating giant changed the affiliate’s rating outlook to stable from negative. Also, the rating agency affirmed the ratings of its senior unsecured rating at Baa2 and its short-term commercial paper rating at Prime-2 […]

Ford Motor Co. F announced that it will be investing $4.5 billion in order to achieve the electrified goals by 2020. With this investment the company will be expanding its offering of hybrids and electric vehicles. […]

On Dec 11, 2015, Zacks Investment Research downgraded Texas-based consumer durable goods retailer, Conns Inc. CONN , to a Zacks Rank #5 (Strong Sell). […]

There are a number of factors that influence stock prices. In this year of volatility, investors are well acquainted with the global and domestic events shaping the progress in markets. In addition to global and domestic events, economic data also play a crucial role […]

AK Steel Holding Corporation AKS announced that it will raise base prices for all of its stainless steel products. The price increase, along with shipments, will be effective from Jan 1, 2016. The hike will be achieved through a reduction in the functional discount of four percentage points for commodity sheet and strip, specialty sheet and strip, and pipe and tube sheet and strip products […]

Baltimore-based Legg Mason Inc. LM reported a decline in its assets under management (AUM) as of Nov 30, 2015, as compared with the prior month. […]

T. Rowe Price Group, Inc. […]

Navient Corporation NAVI seems to be on track with its efforts to enhance shareholders’ value. The Wilmington-based company announced an additional share repurchase of $700 million of its outstanding common stock. No expiration date is attached with this program. […]