Year: 2015

Shares of State Street Corporation STT fell 3.2% on Dec 17, after an ongoing internal review in the company highlighted that it has erroneously invoiced more than $200 million to its asset servicing clients, primarily in the U.S. over an 18-year period. We believe an anticipated rise in compliance and legal expenses stemming from a probable regulatory action made investors apprehensive about the company’s bottom-line performance in the near term […]

Arthur J. Gallagher & Co . […]

On Dec 14, 2015, we issued an updated research report on Italy-based Eni SpA E . A certain degree of ambiguity looms with respect to the economic slowdown, particularly in the Euro Zone, where the company has a significant presence. The European gas, refining and marketing, and chemicals sectors also remain highly volatile […]

On Dec 14, 2015, we issued an updated research report on New York-based healthcare services provider Henry Schein, Inc. HSIC . […]

On Dec 14, 2015, we issued an updated research report on Massachusetts-based medical equipment manufacturer Hologic Inc. HOLX . The company develops medical imaging systems and surgical products, mainly focused on mammography systems for breast examination and osteoporosis assessment. […]

On Dec 18, 2015, we issued an updated research report on PetMed Express, Inc. PETS . […]

On Dec 18, 2015, we issued an updated research report on Abaxis Inc. ABAX . We anticipate foreign exchange headwind to act as a major dampener for Abaxis through fiscal 2015. […]

The Walt Disney Company ’s DIS much awaited flick – Star Wars: The Force Awakens – has made a great start in the European market, including France, Italy, Sweden and Belgium. Per media reports, the film earned a whopping $14.1 million on its opening day in some of the overseas markets. A new offering from the popular Star Wars franchise is reason enough for movie lovers to go berserk […]

The U.S. Department of Commerce ("DOC") has made a preliminary decision in the cold-rolled steel trade case and said on Wednesday that imports of cold-rolled steel from Brazil, China, India, and Russia are benefiting from unfair subsidies from their respective governments and should be subject to countervailing duties. The ruling marks another important step in repelling the tide of these unfairly traded foreign imports. […]

Apple Inc. AAPL has finally made headway in bringing its mobile payments solution Apple Pay to China. The company revealed that it has formed an alliance with state-owned credit and debit card operator, UnionPay for the same. […]

Orbital ATK, Inc. OA , a leading aerospace and defense company, recently won a 3-year contract from United Launch Alliance (“ULA”) to manufacture large-scale composite structures for Atlas V and Delta IV vehicles. This is part of the ongoing United States Air Force Evolved Expendable Launch Vehicles (“EELV”) programs. […]

Markets enjoyed a week of strong gains following positive economic data and assurances from the government that sector specific steps would be taken to boost the economy. The Shanghai Composite increased on Monday as mining stocks surged following indications that production would be cut to push up prices. […]

Boston Properties, Inc. BXP announced a special dividend of $1.25 per common share. The company also announced the completion of the sale of the Innovation Place property for a gross sale price of $207 million. […]

Offshore drilling giant Transocean Ltd. RIG declared contract termination of its drillship Discoverer Americas by Statoil ASA STO ahead of the scheduled time. An unfavorable business scenario following weak oil and rig oversupply led to the event. […]

Barrick Gold Corporation ABX has declared the completion of the sale of its 70% interest in the Spring Valley project and its 100% interest in the Ruby Hill mine to subsidiaries of Waterton Precious Metals Fund II Cayman, LP, for $110 million in cash. This asset sale is in sync with the company’s strategy to strengthen its balance sheet, creating long-term value for its shareholders. […]

The Dow mopped up gains over most of the week following a rebound in oil prices and a positive response to the Fed’s rate hike. The index gained on Monday following a rebound in the U.S. crude oil price. […]

Shares of Adobe Systems Inc. ADBE attained a new 52-week high of $96.42 on Dec 17, eventually closing at $94.20. The company returned 26.5% in the past one year and approximately 29.6% year-to-date […]

Yesterday, JPMorgan’s analyst Rod Hall downgraded Corning Inc. GLW from Overweight to Neutral. He also cut the target price by 11.11% to $18 […]

Alphabet Inc. ’s GOOGL Google climbed the ladder of success by serving citizens in developed countries. However, as growth slowed in these markets, the online search giant turned more toward the emerging markets […]