Year: 2015

Lockheed Martin Corp. LMT won a modification contract from the U.S. Air Force to build 32 C-130J Super Hercules military airlift aircraft. […]

Shares of Steris Plc STE touched a new 52-week high of $78.77 in mid-day trading on Dec 30. The bullish run reflects investors’ optimism about the company’s recently revealed fiscal 2016 outlook, following the completion of the much talked $1.9 billion alliance between Steris and UK-based outsourced sterilization services provider, Synergy Health. In fact, the company’s shares have witnessed a strong 8.1% uptrend since the revenue guidance announcement on Dec 22 […]

Defense contractor Northrop Grumman Corporation NOC won a foreign military sales contract from the U.S. Navy for one E-2D Advanced Hawkeye aircraft for the government of Japan. […]

Brandywine Realty Trust BDN announced the disposal of 6 Mount Laurel, NJ-based office buildings, spanning 560,100 square feet, for $56.5 million. Additionally, the company refinanced its Philadelphia-based One Commerce Square property with a mortgage of $130 million due in Apr 2023, thereby replacing the previous $121.2-million mortgage due in Jan 2016. Notably, the new mortgage bears a fixed interest rate of 3.64%, lower than the rate of 5.67% on previous mortgage. […]

The year 2015 has been a bumpy ride for gold with the yellow metal navigating an unsupportive macro environment. A stronger greenback, slump in oil prices and the climb in U.S. equities all conspired to taint the precious metal's splendor and safe haven appeal through the year […]

Enough has already been said about the IPO market fiasco in 2015. It perhaps makes better sense now to look at the companies that took the IPO route in 2015, did quite well and have bright prospects in 2016. […]

Swiss private banking firm Julius Baer Group Ltd. JBAXY is planning to settle a four-year tax evasion investigation initiated by the U.S. authorities for around $547 million. […]

On Dec 30, 2015, we issued an updated research report on Ameriprise Financial, Inc. AMP . Growth in net revenue continues to be encouraging, whereas elevated costs remain an undermining factor. […]

Zacks Investment Research upgraded Pilgrim's Pride Corporation PPC to a Zacks Rank #3 (Hold) from a Zacks Rank #5 (Strong Sell) on Dec 29, 2015. Going by the Zacks model, stocks carrying a Zacks Rank #3 are likely to perform in line with the broader market over the next few quarters. Why on Hold […]

New York Community Bancorp Inc. NYCB recently disclosed that it has completed the strategic balance sheet repositioning in connection with its proposed $2 billion merger deal with Lake Success, NY-based Astoria Financial Corporation AF . According to the company’s statement released on Tuesday, New York Community prepaid $10.4 billion of wholesale borrowings with an average cost of 3.16% and replaced them with a similar amount of wholesale borrowings carrying an average cost of 1.58% in the current quarter […]

Galena Biopharma, Inc . GALE sold its oncology product, Zuplenz, to Midatech Pharma MTP . As per the deal’s terms, Galena is entitled to up to $29.75 million of cash payments, with $3.75 million of upfront cash and additional cash of up to $26 million as milestone payments. […]

Epizyme, Inc. EPZM announced that the first patient has been dosed in the phase II study on its pipeline candidate, tazemetostat. […]

A quick flashback on the last day of the year shows how crude prices have hurt the broader markets almost on a daily basis in 2015. It is quite natural that oil investors can only wish for a recovery in 2016. As we stand on the cusp of a New Year, let’s delve into the events that will likely play a bigger role in determining 2016 crude fate […]

On Dec 30, 2015, we issued an updated research report on Cincinnati Financial Corp . CINF . […]

On Dec 30, 2015, we issued an updated research report on j2 Global Inc. JCOM . […]

On Dec 30, 2015, Zacks Investment Research downgraded Praxair Inc. PX to a Zacks Rank #4 (Sell) from a Zacks Rank #3 (Hold). Going by the Zacks model, companies carrying a Zacks Rank #4 have chances of underperforming the broader market over the upcoming quarters. […]

Willis Group Holdings plc WSH recently acquired French insurance broker, Gras Savoye. In April this year, the insurance broker decided to take over the remaining 70% stake in Gras Savoye for $590 million. Paris-based Gras Savoye is France’s largest broker and operates in the fifth biggest insurance brokerage market. […]

Cal-Maine Foods, Inc. CALM promoted Michael Ermon as the Vice President of Operations on Dec 23. He will report directly to Sherman Miller, the chief operating officer (COO). […]

On Dec 31, 2015, we issued an updated research report on Fossil Group Inc. FOSL . The company has been witnessing sluggish results since the beginning of this year […]