Month: June 2016

L Brands, Inc. ’s LB comparable store sales (comps) for the four weeks ended May 28, 2016 remained flat year over year but handily beat analysts' expectations. Moreover, net sales for May inched up 2% to $816.6 million […]

Shares of Paychex Inc. PAYX hit a new 52-week high of $54.95 on Jun 2, 2016, eventually closing at $54.94. […]

Shares of Wal-Mart Stores Inc . WMT closed 0.64% higher as the Bentonville, AR-based retailer announced that it is planning to roll out drones in the next six to nine months in order to manage warehouse inventories in the U.S., as per Reuters. […]

Shares of Myriad Genetics, Inc. MYGN rose 3.7% to $35.16 following the closure of the company’s acquisition of Sividon Diagnostics on May 31. Notably, the buyout will lend Myriad Genetics access to Sividon Diagnostics’ proprietary multi-gene diagnostic test – EndoPredict – which can identify the aggressiveness of breast cancer on a molecular level […]

DISH Network Corp.’s DISH Internet TV service – Sling TV – announced the renewal of a long-term agreement with Asia TV USA, Ltd., a leading provider of South Asian programming and part of India’s “Zee” group. Notably, following Sling TV’s deal with Zee, shares of DISH Network rallied nearly 6% in yesterday’s trading session. […]

On Jun 2, 2016, we issued an updated research report on TiVo Inc. TIVO . TiVo primarily develops software and technology that powers digital video recorders (DVRs), traditional set-top boxes, computers, tablets and smartphones to search, navigate and access content from different sources, including live television, video-on-demand and broadband video. […]

It is a fact that woes related to passenger revenue per available seat mile (PRASM: a measure of unit revenue) present one of the biggest challenges for stocks in the airline space. That Delta Air Lines DAL is no exception was made clear when the carrier stated that the key metric declined 5% in May. […]

General Motors Company GM and its joint ventures in China reported a 16.9% year-over-year increase in retail sales in May 2016, taking the figure to 295,282 vehicles. The improved performance was driven by strong demand for SUVs, MPVs and luxury vehicles, along with notable demand for passenger car models like Buick Excelle GT. The Buick, Cadillac and Baojun brands, and SUV lineup also recorded all-time high deliveries in May […]

The auto industry is under pressure due to a series of recalls by different companies. Safety recalls dent the brand image of a company and add to expenses. Recently, six automakers announced that they will be recalling around 2.5 million more vehicles in the U.S. […]

Deutsche Bank AG DB is likely to keep aside more capital or scale back businesses as regulators lay stricter rules regarding risk measurement by the banks. The news was first reported by Bloomberg . John Cryan who took over his position as the sole Chief Executive Officer (CEO) of the bank after Jürgen Fitschen stepped down as Co-CEO last month, indicated such plans in a conference in New York this week. […]

Shares of VCA Inc WOOF scaled a new 52-week high of $65.92 on Jun 2, which translates into an impressive one-year return of roughly 27.5%, significantly higher than the S&P 500 return of 0.45%. Yesterday’s rally reflects VCA’s impressive first-quarter fiscal 2017 results as well as the closing of the acquisition of a majority stake in Companion Animal Practices, North America (CAPNA). This Zacks Rank #2 (Buy) stock has a market cap of around $5.26 billion while average volume of shares traded over the last three months is roughly 649.4K […]

The Cooper Companies Inc. COO reported adjusted earnings of $2.05 in the second quarter of 2016, beating the Zacks Consensus Estimate by 13 cents and improving 19% on a year-over-year basis. The upside was driven by robust revenue growth. […]