Month: August 2017

Shares of international offshore drilling company SeaDrill Limited SDRL lost around 45% of their value in the last one month and 92% over the last one year. It touched a record all-time low of 18 cents on Aug 24 when shares plummeted more than 33% on the day despite reporting better-than-expected figures in second-quarter 2017. […]

The U.S. equity market has been jittery of late as it has been engulfed by domestic as well as international issues. […]

Torchmark Corporation TMK remains poised for growth, given its niche market focus, strategic acquisitions, strong operating fundamentals and the ability to generate decent cash flows. The Zacks Rank #3 (Hold) life insurer looks promising, banking on a number of growth drivers. Growth Projections : The Zacks Consensus Estimate for earnings per share is $4.75 on revenues of $4.1 billion for 2017 […]

International Business Machines Corp. IBM recently announced that Syniverse, a provider of technologies for telecommunication companies, has adopted its cloud services. During the holiday season, Syniverse witnesses a sudden rise in usage of Short Messaging Service (SMS) and Multimedia Messaging Service (MMS) as more and more consumers share photos or graphics […]

The improving rate environment comes as good news for life insurers as they are sensitive to interest rates. Following the presidential election, the Fed has hiked the rates three times, reflecting President Trump’s bias for higher interest rates. This also emphasizes Fed’s confidence in the improving U.S. […]

Caterpillar Inc. (CAT) climbed a new all-time high of $117.55 on Aug 30, gaining 1.33% following the news that it has been awarded a five-year $663.6 million fixed-price contract from the Pentagon, beating three other companies to the race. Per the deal, Caterpillar will supply commercial construction equipment to the U.S. […]

Arc Logistics Partners LP ARCX , with the help of its initial limited partner Lightfoot Capital Partners, LP, entered into a definitive merger agreement with Zenith Energy U.S., L.P. Per the deal, Zenith Energy will acquire Arc Logistics, an oil and gas midstream firm. A conflicts committee was set up by the board of directors of Arc Logistics with independent directors to evaluate, review and negotiate the merger agreement […]

The grocery industry is having a tough time currently. The industry has been grappling with challenges like stiff competition, tight margins and aggressive promotional environment. Traditional grocery companies are facing competition from rivals, which are strengthening their franchises and are offering alternative outlets for food and other staples […]

They say “one man’s meat is another man’s poison.” True to this saying, even the worst of certain situations could bring some positives for somebody. Hurricane Harvey, which made landfall in Texas as Category 4 hurricane, is one such example. […]

MedTech continues to face challenges since the Republicans have taken over the House and Senate. Things started getting dramatic since President Trump forged ahead with his efforts to completely repeal Obamacare. After quite a few rounds of failing attempts, the Trump government resorted to the “skinny repeal” of the Obamacare Act […]

The overall performance of foreign banks was impressive in the first half of 2017. The results from a number of giants impressed the market in terms of both beating the earnings estimates and showing a year-over-year improvement. […]

Hurricane Harvey continues to devastate the Gulf, with many lives lost and thousands rendered homeless. Houston, the fourth largest city in the United States, is flooded receiving more than 50 inches of rain, as per National Weather Service. Goldman Sachs economists estimate $30 billion in property damages due to Harvey, while JPMorgan ranks Harvey among the top ten costliest storms the country has faced. […]

Apartment Investment and Management Company AIV — better known as Aimco — has been actively revamping its portfolio by shedding non-strategic properties and reinvesting the proceeds in desired markets. This has helped the company record decent growth in the last quarter despite new supply in the primary markets. In fact, the company revised its third-quarter 2017 pro forma funds from operation (FFO) per share guidance upward […]