‘Brexit’ had an unprecedented adverse impact on banking stocks across the globe, leading to heightened investor concerns regarding the stability of the financial systems. While major global banks are trying to reassure investors by coming out with statements , Spain, Madrid-based Banco Santander, S.A. SAN has reiterated its 2016 guidance. […]
Triggered by economic uncertainties and stock market mayhem post Brexit, the U.K. government has halted plans to sale stakes in Lloyds Banking Group plc LYG and The Royal Bank of Scotland Group plc RBS . […]
Zacks Investment Research upgraded Black Hills Corporation BKH to a Zacks Rank #1 (Strong Buy) on Jun 28, 2016. Going by the Zacks model, companies sporting a Zacks Rank #1 have strong chances of outperforming the broader market over the next few quarters. Why the Upgrade? […]
Stifel Financial Corporation SF announced a definitive agreement to sell its Sterne Agee’s legacy independent brokerage, clearing and registered investment advisory businesses to INTL FCStone Inc. INTL , a New York-based financial services firm. Stifel Financial’s Chairman and CEO Ron Kruszewski said, “The margins were lower than last year due to the independent contractors from Sterne Agee, who operate at lower margins than our traditional wealth management business.” Stifel Financial had acquired Sterne Agee in Jun 2015 for $150 million […]
Antares Pharma Inc. ATRS was a big mover last session, as the company saw its shares rise more than 10% on the day. Shares moved up after the company along with Teva Pharmaceutical Industries Ltd announced the launch of the generic equivalent to Imitrex (sumatriptan succinate) injection, 4 mg and 6 mg single-dose, prefilled syringe autoinjectors, in the U.S […]
Rightside Group, Ltd. NAME was a big mover last session, as its shares rose over 5% on the day. The move came on the back of the company’s confirmation of the receipt of an unsolicited, non-binding proposal from Donuts Inc. […]
Randgold Resources Limited GOLD was a big mover last session, as the company saw its shares rise almost 6% on the day. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. […]
Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio. […]
Vista Gold Corp. VGZ was a big mover last session, as the company saw its shares surge around 29% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. […]
Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends? Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Greif, Inc. […]
Dataram Acquisition Target US Gold Corp. Hires Seasoned Professional Dave Mathewson as Vice President and Head of Exploration – Well known and highly respected Nevada exploration geologist Dave Mathewson joins US Gold Corp.’s seasoned team of experts in mining, engineering, and operations planning and development – Founder of Gold Standard Ventures to Head Company’s Exploration Program PR Newswire PRINCETON, N.J., June 28, 2016 PRINCETON, N.J. , June 28, 2016 /PRNewswire/ — Dataram Corporation (NASDAQ: DRAM), today announced that its acquisition target US Gold Corp. […]
Skullcandy, Inc . SKUL was a big mover last session, as the company saw its shares rise nearly 6% on the day. […]
Calumet Specialty Products Partners, L.P. Sells Dakota Prairie Refining Joint Venture Interest To A Subsidiary Of MDU Resources Group, Inc. PR Newswire INDIANAPOLIS, June 28, 2016 INDIANAPOLIS , June 28, 2016 /PRNewswire/ — Calumet Specialty Products Partners, L.P […]
Washington Real Estate Investment Trust WRE has announced the closure of the sale of its 692,000 square feet suburban Maryland office portfolio for a total price of $111.5 million. This disposition is part of the capital allocation strategy followed by the real estate investment trust (“REIT”) to lower its exposure in suburban office properties and focus more on value-added, urban in-fill, multi-family properties with robust growth potential. With this latest disposition, Washington Real Estate Investment Trust completed the first tranche of previously declared disposition which included 6110 Executive Boulevard, West Gude Drive, Wayne Plaza and 600 Jefferson Plaza […]
Shares of ALLETE, Inc. ALE reached a new 52-week high of $62.19 on Jun 28, before closing the trading session a bit lower at $62.01. This apex improved upon the last 52-week high of $62.16 on Jun 21 […]
Industrial goods manufacturer General Electric Company GE has recently inked agreements with three separate buyers to divest majority of GE Capital’s restaurant franchise financing assets in the U.S. The transactions are expected to be completed by the third quarter of 2016. […]
Domtar Corporation UFS , a leading fiber-based technology company, recently acquired the assets of Butterfly Health Inc. for an undisclosed amount. The strategic acquisition will extend the Personal Care segment of Domtar with complementary products […]
Akers Biosciences Inc. AKER recently signed an agreement with Aero-Med, a division of Cardinal Health CAH , to distribute its disposable breathalyzer — BreathScan OxiChek. […]
Australian upstream player Range Resources Ltd. announced that it has received approval from the regulatory bodies in Trinidad to spud the MD 51-2 development well. […]
If you are already getting sick of all the Brexit talk, fear not, as Restaurant Brands International ( QSR ) subsidiary Burger King has just the thing to take your mind off of the turmoil. Their latest product offering looks to combine Mac & Cheese with Cheetos in a fresh hybrid dish that is only available this summer. This really continues an innovative trend for Burger King as the company looks to differentiate itself in the ultra-competitive fast food market and beat out several of its rivals in the process […]
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