Month: June 2016

The U.S. Energy Department's weekly inventory release showed that crude stockpiles recorded another drop. The report further revealed that refined product inventories – gasoline and distillate – both decreased from their previous week levels too […]

Lincoln National Corporation LNC recently launched Lincoln TermAccel Level Term insurance to facilitate advisors in providing more affordable insurance protection. This new product has been mainly designed for a younger client base including Millennials and GenXers who need insurance with lower principal amounts. Lincoln TermAccel has been designed to provide a time saving, fully-electronic transaction process to insurance advisors […]

Over the last four trading days, major banks showed a bullish trend. Heightened expectations of a rate hike in June after the release of the minutes from the April FOMC meeting raised investors’ confidence. Though the final decision of the rate hike by the Fed in its meeting during June 14–15 will depend largely on overall economic growth, labor market scenario and the inflation target of 2%, Federal Reserve Chair Janet Yellen in her most recent speech at Harvard University said that “Growth looks to be picking up from the various data we monitor.” An interest rate hike will aid top-line expansion for banks, making way for improved results in the second quarter […]

Accomplishing growth is extremely challenging in today’s multifaceted and fast-changing business environment. So, the companies have stepped up marketing initiatives over digital platforms and have become more professional about sales management to drive their top line. Technological evolvement, which is bringing the world closer, further emphasizes the importance of sales and the need for companies to apply the right strategies and provide the right services to improve their selling […]

Shares of Ciena Corp. CIEN were up 12.8% yesterday following strong second-quarter fiscal 2016 results. Adjusted earnings of 24 cents per share and revenues of $640.7 million easily topped the Zacks Consensus Estimate of 20 cents and $629.4 million, respectively. […]

On Jun 3, we issued an updated research report on Melville, NY-based Henry Schein, Inc. HSIC – a leading distributor of health care products and services across the globe. The company currently carries a Zacks Rank #2 (Buy). […]

Nasdaq Inc. NDAQ has priced a new debt offering of $500 million worth 3.850% senior notes. This dollar-denominated offering is due to mature in 2026 […]

Shares of NVIDIA Corporation NVDA soared over 30% in May. The stock gained momentum after the company announced stellar first-quarter fiscal 2017 results on May 12. Also, an encouraging revenue outlook for second-quarter fiscal 2017, backed by solid cash flow and regular innovative product launches, drove NVIDIA’s shares higher. […]

Exelon Corporation EXC , a leading competitive power generator in the U.S., has decided to shut down the Clinton and Quad Cities nuclear power plants due to the lack of progress on the Next Generation Energy Plan (“NGEP”) legislation. During the 2009–2015 time frame, the two power plants incurred cash flow losses of more than $800 million on a pre-tax basis, even though they were two of Exelon’s best-performing plants. […]

Shares of NCI Building Systems Inc. NCS crafted a new 52-week high of $16.43 on June 2. The new high is due to strong second-quarter fiscal 2016 results and expectation of better second-half fiscal 2016 performance […]

SolarCity Corp. SCTY has launched a new solar photovoltaic (“PV”) loan program that will provide numerous customers across 14 U.S. states access to its products at a cheaper rate, along with additional facilities. […]