Month: June 2016

Shares of Home Depot, Inc. HD have increased roughly 13% over the past one year. […]

The Medicines Company MDCO got some good news on the pipeline front with its experimental antibiotic, Carbavance meeting FDA as well as EMA pre-specified primary endpoints in a late-stage study (TANGO I) conducted in patients with complicated urinary tract infections (cUTI). Top-line results from the multi-center, randomized, double-blind, double-dummy study showed that Carbavance achieved statistical superiority over piperacillin-tazobactam (trade name: Zosyn) with overall success being observed in 98.4% of patients treated with Carbavance. […]

Broadridge Financial Solutions Inc. BR recently closed its senior notes offering announced on Jun 21, 2016. […]

On Jun 27, 2016, we issued an updated research report on Computer Sciences Corporation CSC . Recently, CSC announced its decision to merge its business with Hewlett Packard Enterprise Company’s HPE Enterprise Services business, which will be spun off from the parent company. This deal will bring together CSC’s strengths in insurance, healthcare and financial services along with HPE’s Enterprise Services expertise in industries like transportation, pharma, technology, media and telecom […]

ExxonMobil Corporation XOM is believed to have encountered large deposits of oil and gas in a recently drilled appraisal well, offshore the South American county of Guyana. The Energy Minister mentioned that the company is expected to drill another well in upcoming months. Per officials, ExxonMobil had already drilled a well last year, which is estimated to hold about 700 million barrels of oil. […]

Is it time to shift to the cloud? Well, India thinks it is. Amazon.com, Inc […]

Gold is enjoying a solid run of late, thanks largely to a strong tailwind from Britain’s recent market-jolting decision to quit the European Union (EU). The yellow metal’s healthy momentum is exhibited by a roughly 24% surge in its value since the beginning of this year. Bullion’s Bull Run Gold prices zoomed as much as around 8% to their highest level in two years (crossing the $1,300 per troy ounce threshold) last Friday after Britain voted to leave the EU, sending global stock markets into a tailspin […]

Norwegian oil giant Statoil ASA STO announced its decision to suspend the contract for semi-submersible Bideford Dolphin with Fred Olsen Energy. Per Fred Olsen, Statoil is expected to put the contract on hold once the rig completes drilling work off Norway by the end of this month. Notably, the Norwegian operator will continue to pay 80% of the operating dayrate during the suspension period […]

We issued an updated research report on TE Connectivity Ltd. TEL on Jun 28. A market leader in the connectivity and sensor business, TE Connectivity boasts a comprehensive technology and product portfolio that helps it withstand economic distress and cyclical risks. […]

With the improvement in the employment situation in the U.S., more and more students are lapping up whatever job offers they get. However, the wages are still low. […]

Shares of Guess?, Inc. GES hit a 52-week low of $13.89 on Jun 27, and eventually closed at $14.23. The drop in share price was due to a sluggish outlook following disappointing traffic trends recently. […]

Renowned Agricultural Chemicals firm Monsanto Company MON has entered into new agreements with DuPont and Sumitomo Chemical Company, Ltd. No financial detail was disclosed for either deal . Agreement with Sumitomo Chemical Monsanto and Sumitomo Chemical recently inked a new global agreement pertaining to the development and delivery of premium next generation weed control solutions. […]

Markets in Asia got their first taste of Brexit generated volatility when they opened last Friday. The surprise vote in favor of leaving the EU sent shocks through the global financial system as investors braced for what could be a week full of uncertainties ahead. However, Asian markets have the ability to resist the impact of these events […]

Value investing is basically the concept of taking position in stocks that are undervalued in the market. Although the idea sounds simple enough, finding such stocks is easier said than done. For an investor interested in value investing, a sound knowledge of these stocks’ ‘intrinsic value’ is required, which can only be arrived at with the help of the right tools and metrics […]

Chip giant Intel Corporation INTC is reportedly considering the sale of Intel Security, its cyber security unit. Last Sunday, a Financial Times report indicated that a consortium of private equity firms may purchase the division at a price close to or even higher than what Intel had originally paid. […]

Faster Internet speeds and devices like smartphones and tablets have changed the face of not only communication but also that of the broadcast and TV industry. Even the radio market has evolved substantially to keep up with the changing trends. Traditional cable and radio providers are gradually being replaced by over-the-top content providers. […]

The bloodbath in U.S. stocks continued into Monday with the markets off more than 1.5%, extending Friday’s post-Brexit sell-off. […]

Volkswagen AG VLKAY has reached a settlement with around 500,000 U.S. diesel vehicle owners and government regulators over the emissions scandal, according to sources. […]