Month: March 2017

Shares of Akamai Technologies Inc . AKAM fell 4.59% to close at $60.53 on Mar 28, following the news that the recently announced acquisition of SOASTA will be dilutive to 2017 adjusted earnings per share (EPS). […]

One issue which has caught the market’s imagination recently is whether the oil rally will continue or if its advancement is already over. Many believe that OPEC’s sincere attempt to lift crude prices through an output cut (as announced on Nov 30, 2016), has failed. Though the producer bloc’s accord is considered to be its best shot at boosting oil prices, crude price advancement has been cut short by the resurgence of exploration and production by U.S […]

The Dow experienced a mixed week, with most of its gains coming from encouraging economic releases. The index moved lower on Monday after the Trump administration failed to pass a new healthcare legislation. A surge in consumer confidence helped the index end in the green on Tuesday. […]

Mylan N.V. MYL recently suffered a huge setback. The company received a complete response letter from the FDA regarding its abbreviated new drug application (ANDA) for the generic version of GlaxoSmithKline's GSK asthma drug Advair Diskus […]

NextEra Energy ’s NEE plans to acquire Energy Future Holdings Corp (“EFH”) for $18.4 billion was hit by an obstacle when Texas regulators decided to stop the deal, as their primary finding suggests the deal was not in public interest. The members of the Texas commission felt that Energy Future's plan to merge with NextEra and exit nearly three-year bankruptcy placed too much risk on ratepayers. Energy Future is the majority owner of Oncor, the state's largest power network. […]

BlackBerry Limited BBRY posted fourth-quarter fiscal 2017 (ended Feb 28) loss (on an adjusted basis) of 1 cent per share, narrower than the Zacks Consensus Estimate loss of 4 cents per share and also the year-ago loss of 6 cents per share. Lower costs boosted the company’s bottom-line performance. […]

Over the last five trading days, major banks rallied on positive domestic economic growth data, aided by strong consumer spending. Gross domestic product climbed at a 2.1% annualized rate. Further, the recent rate hike is anticipated to stabilize the banks’ top-line results […]

Illinois American Water, a subsidiary of water utility American Water Works Company Inc . AWK , has completed the acquisition of the Village of Sadorus water system for $240,000. The Village of Sadorus’ Board voted in favor of the sale in April 2016 with the Illinois Commerce Commission (ICC) approving it […]

There were quite a few developments in the video game space last week. Activision Blizzard ATVI announced the release date for Destiny 2, while Glu Mobile GLUU released its much anticipated game — MLB Tap Sports Baseball 2017 — amid much fanfare. Also, GameStop GME announced store closures as challenging retail landscape, aggressive promotional strategies and waning store traffic have been weighing on performance. […]

With WrestleMania 33, the World Wrestling Entertainment Inc. ’s WWE mega event of the year just around the corner, what do you think investors’ are anticipating from the stock? […]

Shares of CenterState Banks, Inc. CSFL have surged 3.4% over the last three months, outpacing the negative 4.5% growth for the Zacks categorized Banks – Southeast industry. […]

Apparel retailer Columbia Sportswear Company COLM has been under immense pressure of late. Currency headwinds, soft sales in the U.S. […]

Boston Scientific Corporation BSX , a leading medical device company, recently signed a definitive agreement to acquire Switzerland-based Symetis SA for $435 million in up-front cash, in a bid to fortify its structural heart business in Europe. The latter is a privately-held structural heart company focused on less-invasive transcatheter aortic valve implantation (TAVI) devices. […]

On Mar 16, President Trump unveiled the Pentagon's fiscal 2018 (FY 2018) budget proposal, which requested $639 billion in funding, an increase of $52 billion from the 2017 level. It includes $574 billion for the base budget, a 10% increase from the 2017 annualized CR level, and $65 billion for Overseas Contingency Operations. […]

Global exploration & production company Hess Corporation HES has recently made its Houston pipeline unit, Hess Midstream Partners LP, public by launching an initial public offering (IPO) of 12,500,000 units. Hess plans to raise $250 million in the IPO through the sale of 12.5 million units at a price of $19 to $21. Hess Midstream is a master limited partnership formed in 2014 by Hess and Global Infrastructure Partners to own pipeline and storage assets in the Bakken Shale […]