Month: November 2016

The victory of Donald Trump resulted in a surprise rally in domestic securities last week, raising hopes for more such upswings in the future. Moreover, the nation’s comparatively lower unemployment rate of 4.9% at present and a spike in the U.S. […]

Ford Motor Co. F intends to continue with its international plans, including shifting the production of small cars to Mexico, despite the election results. Further, CEO Mark Fields stated that two other vehicles will be produced at the company’s Michigan plant from which production of the aforementioned small cars will be shifted by 2018. […]

On Nov 15, The Cheesecake Factory Incorporated CAKE announced the opening of its newest Grand Lux Café in Austin, TX. The restaurant is located at 11506 Century Oaks Terrace. Grand Lux Café is an upscale-casual dining segment of The Cheesecake Factory which offers internationally inspired cuisine, served in an elegant ambiance. […]

The Q3 earnings season is almost over now, with as many as 455 of the S&P 500 Index members having released results so far. Reported earnings were up 3.9% year over year on 2.7% higher revenues. Overall, for the S&P 500 members, projections are of a 3.4% improvement in earnings on 1.5% higher revenues despite an expected 63.4% plunge in earnings on 12.2% revenue deterioration in the energy space. […]

Novartis AG NVS announced new analysis of the PARADIGM-HF study on its cardiovascular drug, Entresto, at a scientific session of the American Heart Association (AHA). Findings from the study demonstrated that Entresto reduced the risk of first and repeated heart failure hospitalizations as well as cardiovascular (CV) deaths that followed heart failure hospitalization by 20–24%, in comparison with enalapril, in heart failure patients with reduced ejection fraction (HFrEF). We remind investors that in Sep 2016, the company revealed post-hoc analyses from the abovementioned study which demonstrated that patients on Entresto reported a higher quality of life scores compared with those taking enalapril. […]

Tata Motors Limited TTM reported that its global wholesales, inclusive of Jaguar Land Rover, increased 9% year over year to 101,057 vehicles in Oct 2016. Cumulative global wholesales for Apr−Oct 2016 were 639,386 vehicles, up 12% from the year-ago figure. Global wholesales of all Tata Motors’ commercial vehicles and the Tata Daewoo range were 36,921 vehicles in Oct 2016, up 18% from the figure recorded in Oct 2015. […]

Cybersecurity firm Symantec Corporation SYMC is reportedly one of the potential bidders for Tempe, AZ-based LifeLock Inc. LOCK . The other potential bidders’ names making the headlines are private equity firms, TPG Capital and Permira […]

The Q3 earnings season is drawing to a close and we now have a much clearer picture with results from 445 S&P 500 companies (91% of the index’s total membership) on board. Approximately 72.7% posted positive earnings surprises, while 55.4% surpassed top-line expectations. […]

The Q3 earnings season is gradually nearing its end with nearly 91% of the S&P 500 companies already having announced their results. Although the bulk of earnings releases have already come from different sectors, approximately 45% of the retailers are yet to post their financial results. […]

Viacom Inc. VIAB recently announced that it has entered into an agreement with Telefonica S.A TEF to acquire Television Federal S.A. […]

Tyson Foods, Inc. TSN is slated to release fourth-quarter fiscal 2016 results on Nov 21. The question is whether this producer, distributor and marketer of chicken, beef, pork and prepared foods will be able to deliver a positive earnings surprise in the quarter to be reported. […]

Shares of Illinois Tool Works Inc. ITW reached a new 52-week high of $124.98 on Nov 15, 2016 before closing the trading session slightly lower at $124.97. This apex improved upon the last 52-week high of $124.97 touched on Nov 14 […]

Newmont NEM said that its Long Canyon mine located less than 100 miles from its existing Nevada complex has reached commercial production. The gold miner declared commercial production based on sustaining plant availability of over 85% and achieving at least 70% of modeled leach recovery. […]

Teva Pharmaceutical Industries Ltd. TEVA reported third-quarter earnings of $1.28 per share (including equity compensation expenses), which beat the Zacks Consensus Estimate of $1.27. […]

Scoring a hat trick with earnings beat, DICK’S Sporting Goods Inc. DKS released solid third-quarter fiscal 2016 results, as the company is gaining from bankruptcy declared by major rivals like the Sports Authority. Both sales and earnings surpassed expectations and improved year over year in the quarter, thus encouraging management to raise its outlook for fiscal 2016. […]