Month: November 2016

ReneSola Ltd. SOL reported a loss of 20 cents per American Depositary Share (“ADS”) in the third quarter of 2016, wider than the Zacks Consensus Estimate of a loss of 16 cents. However, the company had reported earnings of 8 cents in the year-ago quarter. […]

On Nov 26, 2016, we issued an updated research report on global investment management company, Franklin Resources, Inc. BEN . […]

Fuel cell producer Ballard Power Systems Inc. BLDP revealed that it has signed a Long-Term Sales Agreement ("LTSA") with Poland-based Solaris Bus & Coach to supply fuel cell modules for use in the latter’s fuel cell buses in Europe. […]

Renowned construction company Jacobs Engineering Group Inc. JEC continues to strengthen its portfolio with a string of contract wins. In keeping with this strategy, the company recently secured a contract from Shell Offshore Inc. […]

Momenta Pharmaceuticals, Inc. MNTA announced positive data from a confirmatory phase III study on its biosimilar candidate, M923. […]

Shares of Unum Group UNM have been on an uptrend (gaining 19%) since the company announced solid third-quarter results on Oct 26. Shares of Unum Group outperformed the Zacks-categorized Accident & Health industry (up 6.25%). […]

Arch Capital Group Ltd. ACGL recently declared the public offering of two series of senior notes – aggregating $950 million – of its wholly owned subsidiary, Arch Capital Finance LLC. The offering consists of 4.011% $500 million senior notes and 50.31% $450 million senior notes that are scheduled to mature in 2026 and 2046, respectively […]

Lululemon Athletica Inc. LULU is slated to report third-quarter fiscal 2016 results on Dec 7. Last quarter, the company’s earnings came in line with the Zacks Consensus Estimate, having outperformed the same marginally by 0.2% in the trailing four quarters. […]

McCormick & Co., Inc. MKC recently announced its acquisition of 100% of the shares of Italy-based Enrico Giotti SpA (Giotti) for approximately €120 million ($127 million) cash. […]

After the much-talked about Presidential election wherein Donald Trump triumphed over Hillary Clinton, the market has its eyes set on the Federal Reserve that hinted at a rate hike in December at its last meeting. Undoubtedly the economy is picking up steam, with inflation gradually edging toward the desired 2% target and strength in the job market. […]

In line with its store expansion strategy, DICK'S Sporting Goods, Inc. DKS announced plans to inaugurate its eleventh store in Washington. […]

New York City-based Tiffany & Co. TIF looks promising, backed by its significant position in the global jewelry market due to its distinctive brand appeal and robust third-quarter fiscal 2016 results. Driven by these factors, this Zacks Rank #3 (Hold) company hit a 52-week high of $84.40 yesterday, though it eventually closed lower at $80.60. […]

Steel Dynamics, Inc. STLD has announced its plans of selling debt securities with an aggregate principal amount of roughly $400 million. The transaction is expected to be exempt from the registration requirements of the amended Securities Act, 1933, subject to market and other conditions. […]

Microchip Technology Inc. MCHP recently revised its sales and earnings guidance for third-quarter fiscal 2017. Further, the company stated that it is on track to achieve long-term operating margin target of 33% by fourth quarter 2018 […]