U.K.’s vote to exit the European Union (EU) in a referendum on Jun 23 came as a bolt from the blue for financial markets across the globe. The after effects came in the form of resignation of the British Prime Minister David Cameron and forecast of a mild recession by early 2017 in the U.K. by the Wall Street bigwig The Goldman Sachs Group, Inc […]
FactSet Research Systems Inc. FDS posted modest results for the third quarter of fiscal 2016, wherein the bottom line surpassed the Zacks Consensus Estimate whereas the top line almost matched same. […]
On Jun 28, 2016, we issued an updated research report on Williams-Sonoma, Inc. WSM . On May 25, this multi-channel specialty retailer of premium home reported better-than-expected results in first quarter 2016 […]
We issued an updated research report on Facebook, Inc . FB on Jun 28, 2016. The last week was a game changer for a number of big players in the global economy […]
Shares of Synovus Financial Corporation SNV have lost over 13% so far this year based on a number of factors including margin pressure amid a slow rise in interest rates and weak fee income growth. However, the recent trend in estimate revisions for its future earnings based on factors like expectations of continued loan growth, share buybacks and improving asset quality raises hope for impressive performances in the near term. […]
The U.S. economy expanded at a faster pace in the first quarter than earlier estimated, according to data released on Tuesday. […]
Endo International plc ’s ENDP shares jumped 18.3% after the company announced that the U.S. Patent and Trademark Office (PTO) has issued a new patent (U.S. Patent No […]
Wednesday, June 29, 2016 As the calendar Q2 winds to a close and we await another earnings season in another couple weeks (though Nike [ NKE ] reported yesterday after the bell — more on this below), before the bell this morning we saw a positive read on Personal Income and Spending for the month of May. Personal Income rose 0.2% while Consumer Spending went up 0.4%. Both reads are basically in-line with expectations — spending perhaps a bit heavier than anticipated, income a tad light […]
As the calendar Q2 winds to a close and we await another earnings season in another couple weeks (though Nike [ NKE ] reported yesterday after the bell — more on this below), before the bell this morning we saw a positive read on Personal Income and Spending for the month of May. Personal Income rose 0.2% while Consumer Spending went up 0.4%. […]
Valspar Shareholders Approve Proposed Transaction with The Sherwin-Williams Company Transaction Expected to Close by the End of Q1 Calendar Year 2017 PR Newswire MINNEAPOLIS, June 29, 2016 MINNEAPOLIS , June 29, 2016 /PRNewswire/ — The Valspar Corporation announced that at the Company’s Special Meeting of Shareholders held earlier today, Valspar shareholders voted to approve the Company’s proposed acquisition by The Sherwin-Williams Company (NYSE: SHW). The transaction is expected to close by the end of Q1 calendar year 2017, and remains subject to customary closing conditions, including the expiration or termination of the applicable waiting period under the U.S. […]
Alphabet Inc. GOOGL has decided to empower its users with improved data management and ad blocking options across all devices that they use for Google’s search engine or other services. The company’s new privacy tool will enable users to decide whether they want to see certain ads on a particular device and block those on others. […]
On Jun 28, we issued an updated research report on Ohio-based STERIS plc STE , manufacturer and marketer of infection prevention, decontamination, microbial reduction, and surgical and gastrointestinal support products and services. The company currently carries a Zacks Rank #3 (Hold). STERIS acquired Synergy Health plc last year. […]
U.S.telecom behemoth AT&T Inc. T announced the completion of its buyout of QuickPlay Media Inc., a leading digital streaming distribution platform. AT&T disclosed the acquisition this May […]
In a bid to expand its footprint in the multi-billion dollar cancer therapy market, Illumina, Inc. ILMN has recently inked a co-development partnership with MolecularMD Corporation. […]
Molson Coors Brewing Company ’s TAP wholly-owned indirect subsidiary Molson Coors International LP has recently priced its previously announced senior notes worth C$ 1 billion, consisting of C$500 million principal amount of 2.840% Senior Notes due 2023 and C$500 million principal amount of 3.440% Senior Notes due 2026 in Canada. The notes offering is expected to close by Jul 7. Molson Coors is expected to use the proceeds of approximately C$996 million to partially fund the previously announced acquisition of SABMiller plc's SBMRY 58% interest in MillerCoors LLC from Anheuser-Busch InBev BUD . […]
On Jun 28, 2016, we issued an updated research report on BancorpSouth, Inc. BXS . The Tupelo, MS-based commercial banking and financial services provider seems well positioned for long-term growth, given its strength in several areas […]
On Jun 28, Zacks Investment Research downgraded Markit Ltd. MRKT to a Zacks Rank #5 (Strong Sell). Why the Downgrade […]
Groupon, Inc. GRPN will be signing a multi-year Enterprise Adoption Agreement (EAA) with Splunk Inc. SPLK . […]
Shares of MeetMe Inc. MEET gained nearly 12% yesterday after the dating app operator announced its acquisition of one of its smaller competitors, Skout on Monday. MeetMe has inked a definitive agreement to acquire Skout in a cash-and-stock deal […]
TASER International Inc. TASR disclosed that it has won an order for 2,500 X26P Smart Weapons from Jacksonville Sheriff's Office (“JSO”) in Florida. […]
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