Year: 2015

On Dec 17, 2015, we issued an updated research report on Prudential Financial Inc. PRU . Prudential is regarded to be a niche player in the life insurance market […]

On Dec 17, 2015, we issued an updated research report on American Financial Group, Inc . AFG . […]

Progressive Corp. ’s PGR operating earnings for Nov 2015 came in at 15 cents per share, a cent above the year-ago earnings month driven by higher revenues. However, increase in expense limited the upside […]

Catalyst Pharmaceuticals, Inc. CPRX announced encouraging top-line results from a phase I study on pipeline candidate, CPP-115. […]

The interest rate plateau has finally broken. After almost a decade of a zero interest rate environment, and a series of heated arguments, muddles, ifs and buts, and indecisions, the Fed has ultimately gathered all courage to increase the rate for the first time. And the U.S […]

Wyndham Worldwide Corporation ’s WYN Baymont Inn & Suites announced the opening of its 400th property. The Baymont Inn & Suites Lazaro Cardenas marks the brand’s debut in Mexico. The 118-room hotel, owned by local Mexican firm Desarrollo Hotelero LC, is located in one of Mexico's major west coast port cities, Lazaro Cardenas. […]

Yesterday, shares of Pandora Media, Inc. P surged over 19% in the aftermarket session following the Copyright Royalty Board’s ruling on the royalty rates case. As per the ruling, Pandora will have to pay 17 cents per 100 streams of a song as royalty to the artists. […]

Renewable energy stocks are beaming. First, the historic Paris climate change summit and now Congress’ vote to extend federal subsidies for renewable energy have perked up the space. Solar and wind energy got a major boost from Wednesday’s environmental tax credit extension that came as part of the $1.15 trillion federal spending bill, which prevented a government shutdown and lifted the 40-year-old ban on exporting American crude oil. […]

UnitedHealth Care, a unit of UnitedHealth Group Inc. UNH , has formed an Accountable Care Organization (ACO) with Saint Francis HealthCare Partners. […]

Sunoco LP SUN , a unit of natural gas transportation and storage partnership Energy Transfer Partners LP ETP , declared that it has closed the acquisition of a wholesale motor fuel distribution business. Sunoco spend roughly $57 million along with the value of closing inventory on hand for the purchase. The business serves Northeast U.S. […]

We issued an updated research report on Encana Corporation ECA on Dec 16, 2015. The Calgary, Alberta-based oil and gas explorer is the second largest gas producer in North America, and holds a highly competitive land and resource position in a number of the region's most promising shale and tight gas resource plays. However, the company’s large exposure to natural gas continues to remain a key area of concern as commodity price is anticipated to remain weak in the near term […]

Nucor Corporation NUE has provided its outlook for the fourth quarter of 2015, ending Dec 31, 2015. The company anticipates earnings for the fourth quarter to lie in the range of 15−20 cents per share, down significantly from the year-ago quarter figure of 65 cents as well as 71 cents earned in the third quarter of 2015. Analysts polled by Zacks currently expect earnings of 48 cents per share for the fourth quarter on an average […]

HSBC Holdings plc ’s HSBC plan to divest its unprofitable Turkish operation has hit a roadblock. According to a Bloomberg report, the Netherlands-based ING Groep NV ING , which was supposed to ink a deal to acquire the unit, has backed off. HSBC had put the Turkish unit on the block in Jun 2015, as part of its restructuring plans. […]

Business overhaul that began at Barclays PLC BCS under Antony P. Jenkins, the bank’s former chief executive officer (“CEO”), is continuing under its new CEO James E. […]

STAG Industrial, Inc. STAG announced that it has inked a renewal lease deal for a 201,800-square foot distribution warehouse building in Lexington, NC. […]

General Motors Company GM announced that it will invest around $356 million in Michigan to fund a new engine line in Flint and driveline and powertrain components at the Saginaw and Grand Rapids facilities. With this investment, the automaker will employ over 50 new workers and retain nearly 500 positions. […]