On Jan 2, 2017, we issued an updated research report on Kellogg Company K . Although the company’s shares have been trading below the Zacks categorized Food-Miscellaneous/Diversified industry in the last one year period, its cost saving initiatives are a godsend. […]
In a setback, Capital One Financial Corporation ’s COF proposed credit card deal with Cabela's Incorporated CAB is facing delay. Previously, the deal was expected to close in first-half 2017, subject to the closing of Bass Pro Shops' acquisition of Cabela's, regulatory approval and the fulfillment of other customary closing conditions as well. On Thursday, Cabela’s stated in a regulatory filing that the Federal Trade Commission (FTC) has sought for additional information, commonly known as “second request”, on Bass Pro Shops’ $5.5 deal to acquire Cabela’s. […]
On Jan 2, we issued an updated research report on Marriott International, Inc. MAR . Starwood Acquisition After announcing the acquisition of Starwood Hotels & Resorts on Sep 23, Marriott has become the world’s largest hotel company, spanning across 120 countries with over 6,000 properties […]
Hancock Holding Company ???s HBHC banking subsidiary, Whitney Bank, has agreed to acquire approximately $1.3 billion in loans and nine branches of First NBC Bank, the subsidiary of First NBC Bank Holding Company FNBC . Per the agreement, which is expected to close during the first quarter of 2017, Whitney Bank will assume over $500 million in transaction and savings deposits and nearly $605 million in Federal Home Loan Bank of Dallas borrowings. Of the identified loans, approximately $160 million will be acquired on or before Jan 4. […]
Enstar Group Limited ’s ESGR unit recently acquired Dana Companies, LLC from Dana Incorporated to enhance the multi line insurer’s primary business of managing legacy liabilities. Enstar Holdings (US) Inc. spent $91.5 million for this buyout. […]
Southern Power, a subsidiary of electric utility holding firm Southern Company SO , reported that it has entered into a joint growth agreement with Renewable Energy Systems Americas Inc. As per the agreement, the duo will be responsible for the development of approximately 3,000 megawatts (MW) of power across 10 projects. The commercial operation dates for the project lie between 2018 and 2020 […]
Shares of Rayonier Inc. RYN have outperformed the Zacks categorized Building Products – Wood industry over the past one year. […]
Diversified healthcare company OPKO Health Inc. OPK announced failure in its data analysis of the Phase 3 Clinical Study of hGH-CTP in Growth Hormone Deficient Adults. The study of hGH-CTP in adults with growth hormone deficiency demonstrated no statistical difference versus placebo. […]
For leading gun manufacturers, 2016 was far from good. Stock prices tumbled and reports suggested that demand would slow this year after what was an extremely good year for sales. Additionally, with a Republican President in office, gun control would be less of a priority, leading to a slide in demand. […]
The U.S. Energy Department's weekly inventory release showed a big decrease in natural gas supplies – the season’s sixth successive withdrawal. […]
The drug development process is often lengthy and time-consuming and requires the utilization of a lot of funds and resources. It may well take a drug anything between 10-12 years to be successfully developed and reach the market. […]
Construction Supply Holdings, A Portfolio Company of The Sterling Group, Acquires Stetson Building Products, Inc. PR Newswire HOUSTON, Jan. […]
On Jan 2, 2017, Zacks Investment Research upgraded International Paper Company IP to a Zacks Rank #2 (Buy). Going by the Zacks model, companies holding a Zacks Rank #2 have high chances of performing better than the broader market in the quarters ahead. Headquartered in Memphis, TN, International Paper is a global paper and packaging company with operations in North America, Europe, Latin America, Russia, Asia, and North Africa […]
Zacks Investment Research upgraded NIC Inc. EGOV to a Zacks Rank #1 (Strong Buy) on Dec 31, 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. […]
On Dec 31, 2016, Zacks Investment Research upgraded Xilinx Inc. XLNX to a Zacks Rank #1 (Strong Buy). […]
Lockheed Martin Corporation ’s LMT aeronautics division, Lockheed Martin Aeronautics Co., won a modification contract for air vehicle sustainment support for the F-22 jets. The contract was awarded by the Air Force Life Cycle Management Center, UT. It is valued at $61 million […]
Per a Japanese publication, Nikkei Asian Review, Apple Inc. AAPL will cut 10% of the production for iPhone 7 & 7 Plus in the first quarter of 2017, citing data obtained from the suppliers. Last year, Apple trimmed 30% of its production due to excess inventory. […]
Monsanto Company MON is scheduled to report its first-quarter fiscal 2017 (ended Nov 2016) results before the opening bell on Jan 5, 2017. Post fourth-quarter fiscal 2016 earnings release (Oct 5, 2016), Monsanto’s shares recorded a return of 1.97%, as against the negative return of 1.23% provided by the Zacks categorized Agriculture/Products industry. […]
On Jan 2, 2017, Abaxis Inc. ABAX , a leading manufacturer of portable medical and veterinary blood analysis systems, was upgraded to a Zacks Rank #3 (Hold). […]
Eni SpA E inked two new concession agreements for the blocks, North El Hammad and North Ras El Esh, as a result of the EGAS 2015 international bid round. We expect these developments to result in stock price appreciation. Over the last one year, the stock has increased 9.6%, while the Zacks categorized sub industry Oil & Gas- International Integrated Market has gained 20% […]
Copyright © 2024 | MH Magazine WordPress Theme by MH Themes