Month: June 2016

Markets gained once again in May on the back of continuing gains in oil prices and a change in investors’ stance toward an imminent rate hike. Rate hike possibilities increased following a series of encouraging economic reports and indications to that effect in the FOMC Minutes. Additionally, the Fed Chair also hinted that a rate hike was likely in June. […]

Shares of CA, Inc. CA hit a new 52-week high of $32.38 on May 31, eventually closing at $32.32. The stock has delivered a strong one-year return of 8.1% and a year-to-date return of 13.2% […]

Under Armour, Inc. UA had to trim its 2016 outlook after one of its major customers, The Sports Authority, moved closer toward liquidation of its stores. Following, the development the company’s shares declined 3% on May 31 in after-hour trading session […]

Michael Kors Holdings Ltd. KORS has maintained its earnings streak for the fourth consecutive quarter. The luxury lifestyle retailer’s fourth-quarter of fiscal 2016 earnings per share of 98 cents increased 8.9% year over year and also surpassed the Zacks Consensus Estimate of 96 cents. […]

GE Capital Aviation Services (GECAS), a division of General Electric Company GE , recently announced the delivery of The Boeing Company’s BA new leased Boeing 787-9 aircraft to Air Canada. This new leased Boeing 787-9 aircraft is powered by General Electric’s GEnx engines. […]

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 client base ranging from millennials to senior citizens who need insurance with lower principal amounts. Lincoln TermAccel has been designed to provide a time saving, fully-electronic transaction process to insurance advisors […]

On May 31, 2016, we issued an updated research report on independent oil & gas exploration and production firm, Cimarex Energy Company XEC . Cimarex has established a track of focused and disciplined exploration and production (E&P) capital spending that drove profitable growth in the past. […]

Quanex Building Products Corporation NX reported second-quarter fiscal 2016 (ended Apr 30, 2016) adjusted earnings per share of 10 cents, a 67% improvement from 7 cents in the yearago quarter. Earnings surpassed the Zacks Consensus Estimate of 9 cents. […]

Risk-averse investors always look for ways to reduce their portfolio risk. Such investors prefer stocks that carry relatively lower downside risk, especially in a volatile market. A popular method of achieving this is by picking stocks with low beta. […]

A better-than-expected first-quarter GDP estimate and U.S. dollar strength led the Fed Chair Janet Yellen to signal an imminent interest rate hike. […]

Shares of Amazon.com Inc. AMZN touched a new 52-week high of $724.23 on May 31, eventually closing at $722.79. The company returned 67.7% in the past one year and has added roughly 6.94% year to date. […]

Pipeline operator Magellan Midstream Partners LP MMP declared that it has signed a letter of intent (LOI) with LBC Tank Terminals LLC which operates liquid storage facilities globally. Per the letter, Seabrook Logistics – in which both Magellan Midstream and LBC Tank Terminals have 50% ownership – will likely expand its crude storage and marine capacity in the Houston Gulf Coast region. In detail, Seabrook Logistics intends to construct additional storage capacity of up to 4 million barrels for a facility located adjacent to the existing terminal of LBC Tank in Seabrook, TX […]

Twitter, Inc. TWTR yesterday announced a novel moderation tool designed to curb spam and abusive comments in Periscope broadcasts. Periscope was formed in 2014 for enabling the easy sharing of live video broadcasts through a smartphone. […]

First Potomac Realty Trust FPO is set to sell Storey Park, a development site located in the NoMa submarket of Washington, D.C., for gross proceeds of $54.5 million. The move is in sync with its previously disclosed plan of $350 million worth of asset dispositions. Notably, this mixed-use development – Storey Park – which is on the site of the former Greyhound bus terminal at 1005 First Street, NE in Washington, D.C., can put up more than 700,000 square feet of development. […]

In a bid to boost wealth management revenue, Bank of America Corporation ’s BAC U.S. Trust business is planning to hire over 100 financial advisers as disclosed by Keith Banks, president of U.S. Trust, at a financial services conference in New York. […]