U.K. surprised the world by voting in favor of leaving the EU, albeit the votes showed a narrow margin between ‘leave’ and ‘stay’ votes. While 51.9% people voted for Brexit, 48.1% voted to stay, making it the biggest strategic decision in decades. […]
Great Britain has shocked the global markets by voting to exit the European Union, by a vote of 51.8% to 48.2%. As a direct result, Prime Minister David Cameron has stepped down from his post, remarking the country needs “fresh leadership.” Considering the markets were trading with roughly 3-to-1 odds against Brexit happening, you can believe long positions are being shaken everywhere, and absolutely everything (besides gold) is down this morning: Dow -533 Nasdaq -165 FTSE -4.57% France -8.45% Italy -10.45% Spain -12% The British pound has fallen below 30-year lows, but curiously has not plummeted as deeply as other currencies. […]
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: · Autohome Inc. ATHM operates as an online destination for automobile consumers in the Peoples Republic of China. The Zacks Consensus Estimate for its current year earnings has been revised 6.7% downward over the last 30 days […]
Jakemans Inc. Changes Name to Lanes Brands; Acquires Smith Bros. […]
SMIC Acquires LFoundry and Enters into Global Automotive Electronics Market PR Newswire AVEZZANO, Italy and SHANGHAI, China, June 24, 2016 AVEZZANO, Italy and SHANGHAI, China , June 24 , 2016 /PRNewswire/ — Semiconductor Manufacturing International Corporation (“SMIC”; NYSE: SMI; SEHK: 981), one of the leading semiconductor foundries in the world and the largest and most advanced foundry in mainland China , jointly announces with LFoundry Europe GmbH (“LFE”) and Marsica Innovation S.p.A. (“MI”), the signing of an agreement on June 24 , 2016 to purchase a 70% stake of LFoundry for a consideration of 49 million EUR . […]
As of late, it has definitely been a great time to be an investor in Denbury Resources Inc. DNR . The stock has moved higher by 15.8% in the past month, while it is also above its 20 Day SMA too. […]
Investors certainly have to be happy with Neff Corp NEFF and its short term performance. After all, the stock has jumped by 25.3% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for NEFF? […]
As of late, it has definitely been a great time to be an investor in Vale S.A. VALE . […]
Manning & Napier, Inc. MN has been on the move lately as the stock has risen by 6.9% in the past four weeks, and it is currently trading well above its 20-Day SMA. This is a pretty solid move higher, but the question that has to be on investors’ minds right now is; can this trend continue […]
Finish Line Inc. FINL could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for FINL broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness […]
A lack of information creates inefficiencies that might result in stocks being misrepresented (over- or under-valued). Here, analysts play a vital role in investment decisions as they provide significant data. So, investors look forward to coverage initiation of stocks […]
Brazil's state-run energy giant Petroleo Brasileiro S.A. or Petrobras PBR announced that its employee pension fund, Petros, has accumulated 22.6 billion reais ($6.8 billion) in unfunded liabilities as of the end of 2015. […]
The United Kingdom is set to sever ties with the European Union (EU) after the British voted in favor of Brexit. The historic referendum on EU membership saw almost 52% of British voters in favor of leaving the European bloc and 48% against it. […]
Williams-Sonoma, Inc. WSM , a home furnishings retailer, announced the opening of its seventh West Elm store in Texas. Located in San Antonio’s Pearl District, the new 11,000-square-foot store will debut on Jun 30, and offer West Elm’s fall assortment for modern living. […]
Fast food restaurants and food companies have lately been reeling under heavy losses due to repeated recalls of products that are feared to be contaminated with bacteria or allergic components. Mondelez International, Inc. MDLZ is the latest to join the bandwagon, announcing a nationwide recall of its Honey Maid Teddy Grahams CinnamonCubs Graham Snacks. […]
Accuray Inc .’s ARAY TomoTherapy System continues to gain traction in international markets. The company recently announced that Mexico City-based Fundación de Cancer de Mama (FUCAM) has treated 1,000 breast cancer patients in less than 18 months after the system was installed at the center. Globally, breast cancer is the second leading cause of death, exceeded only by lung cancer […]
Burgers have been quite a rage in America over the past several years. From being a region-focused market to taking over global markets by a storm, the burger industry has come a long way. With the gourmet burger chains offering a diverse platter, the market has been spreading out with new entrants and expansion by established ones […]
XL Group plc XL will re-domesticate to Bermuda from Ireland as its shareholders have approved of the move. On May 11, the company’s shareholders had approved the other proposals required for the re-domestication. However, the re-domestication remains subject to regulatory approvals, satisfaction of other conditions and sanctioning by the High Court of Ireland […]
On Jun 23, Zacks Investment Research initiated the research report on waste management services provider Waste Connections Inc. WCN . […]
Allergan plc AGN announced that the FDA has expanded the label of its antibiotic, Avycaz. The label now includes phase III data on Avycaz plus metronidazole for the treatment of complicated intra-abdominal infections (cIAI) caused by designated susceptible microorganisms. […]
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