Year: 2015

Mergers & Acquisitions

ArcLight Capital Partners Announces Completion of Eastern Generation’s Acquisition of a Power Asset Portfolio from Tenaska

December 23, 2015 0

ArcLight Capital Partners Announces Completion of Eastern Generation’s Acquisition of a Power Asset Portfolio from Tenaska PR Newswire BOSTON, Dec. 23, 2015 BOSTON , Dec. 23, 2015 /PRNewswire/ — ArcLight Capital Partners, LLC (“ArcLight”), announced today that Eastern Generation, LLC (“Eastern Generation”), a newly formed portfolio company controlled by ArcLight Energy Partners Fund VI, L.P., completed a transaction with affiliates of Tenaska Capital Management, LLC (“Tenaska”), whereby Eastern Generation acquired a natural gas and dual-fuel fired portfolio consisting of seven power generation plants totaling 4.8 GW. […]

Stock Analysts

PPG Industries’ Brand Becomes HomeAdvisor Paint Sponsor

December 23, 2015 0

PPG Industries Inc. ’s PPG PPG Paints brand has been named as an exclusive paint sponsor by HomeAdvisor Inc., the nation’s biggest digital home services marketplace. Through this relationship, HOMEADVISOR professionals, who are the customers of PPG Paints, gain opportunities to easily reach high-quality consumers […]

Stock Analysts

Morgan Stanley Settles ‘Parking’ Case, to Pay $8.8M to SEC

December 23, 2015 0

Morgan Stanley ’s MS unit – Morgan Stanley Investment Management – will have to shell out $8.8 million in settlement due to the failure to discover one of its portfolio managers’ misconduct owing to its lack of supervisory oversight and failure to implement policies, specifically addressing prearranged trades, according to the Securities and Exchange Commission (“SEC”). The former Morgan Stanley portfolio manager, Sheila Huang, along with the assistance of Societe Generale SA brokerage unit trader, Yimin Ge, indulged in prearranged trades to favor certain advisory client accounts over others. Pre-arranged trading or "parking" is a deceitful practice due to which certain investors get advantage over others including better pricing and the removal of risk […]

Economic Data

Strong Nike Earnings to Lift Dow

December 23, 2015 0

Wednesday, December 23, 2015 Pre-open sentiment indicates a positive start for the major indexes on the last full trading session ahead of the Christmas, with the favorable tone of this morning’s income and spending data reconfirming the economy’s modest growth trajectory. The major indexes are still modestly in the negative for the year, but positive momentum at this late date has the potential to push them over the edge into positive territory. On the data front, we got a bigger-than-expected gain in November Personal Income (up +0.3% vs […]

Economic Data

Nike’s Upbeat Earnings To Boost Markets

December 23, 2015 0

Pre-open sentiment indicates a positive start for the major indexes on the last full trading session ahead of the Christmas, with the favorable tone of this morning’s income and spending data reconfirming the economy’s modest growth trajectory. The major indexes are still modestly in the negative for the year, but positive momentum at this late date has the potential to push them over the edge into positive territory. On the data front, we got a bigger-than-expected gain in November Personal Income (up +0.3% vs […]

Technicals

New Strong Sell Stocks for December 23rd

December 23, 2015 0

Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Capstead Mortgage Corporation ( CMO ) Envision Healthcare Holdings Inc ( EVHC ) Gap Inc ( GPS ) Kamada Ltd ( KMDA ) Kraton Performance Polymers Inc ( KRA ) View the entire Zacks Rank #5 List . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days […]

Technicals

Can the Rally in Bitauto Hldg (BITA) Shares Continue?

December 23, 2015 0

Bitauto Hldg Ltd BITA has been on the move lately as the stock has risen by 7.5% in the past four weeks, and it is currently trading well above its 20-Day SMA. This is a pretty solid move higher, but the question that has to be on investors’ minds right now is; can this trend continue? While there can be no telling for sure, it is certainly encouraging that earnings estimates have risen in the past few weeks on the company, suggesting that sentiment on BITA is moving in the right direction. […]

Technicals

Can The Uptrend Continue for Hudson Global (HSON)?

December 23, 2015 0

Investors certainly have to be happy with Hudson Global Inc HSON and its short term performance. After all, the stock has jumped by 15.8% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for HSON? […]