Month: September 2017

On Sep 26, we issued an updated research report on La Jolla, CA based Orexigen Therapeutics, Inc. OREX . Orexigen is a biopharmaceutical company focused on the development of obesity treatments. […]

In order to strengthen its presence in the Internet of Things (IoT), Itron, Inc. ITRI recently signed a definitive agreement to buy the smart-grid products specialist Silver Spring Networks SSNI for $830 million. […]

Snap Inc. SNAP has been under pressure since the time it went public earlier this year. […]

In the Q2 earnings season, the Finance sector was one of the best performers. Though uncertainty over further interest rate hikes on mixed U.S. economic data and increasing signals of rising political commotion are perceived, we can still have some of the banking stocks based on strong fundamentals and solid long-term growth opportunity […]

In its weekly release, Houston-based oilfield services player Baker Hughes, a GE company BHGE , reported a fall in oil rig count in the United States. However, the number of rigs searching for natural gas has increased. Details Weekly Summary: Rigs engaged in the exploration and production of oil and natural gas in the United States totaled 935 in the week ended Sep 22 – lower than the prior week’s 936. […]

Accenture plc ACN reported better-than-expected fourth-quarter fiscal 2017 results. The company posted non-GAAP earnings of $1.48 per share, which came ahead of the Zacks Consensus Estimate by a penny. Moreover, earnings increased from $1.31 per share (includes 37 cents related to gains on the sale of businesses) reported in the year-ago quarter […]

Ross Stores Inc. ROST has been doing well, thanks to its impressive growth initiatives, including mainly its efficient merchandise strategy and focus on store expansion. These efforts have been fueling the performance of this off-price retailer of apparel and home accessories, as evident from its splendid earnings surprise history […]

Use of leverage for real estate investment trust (REIT) business makes returns from this industry susceptible to interest-rate movements. This is because rise in interest rate affects the present value of future cash flows. However, when fundamentals of the underlying asset category, to which the REITs cater to, remain strong, there is scope for increasing future cash flows from the assets […]

Per a Reuters news, Genuine Parts Company GPC has announced that it is entering the European market. The Atlanta, GA-based distributor of automotive and industrial replacement parts’ company is doing so by purchasing London-headquartered Alliance Automotive Group for $2 billion, including debt. The deal is anticipated to be completed in fourth-quarter 2017 […]

According to a report by Globo, the Brazilian antitrust agency, CADE, is likely to approve AT&T Inc. ’s T proposed acquisition of Time Warner Inc. TWX . […]

Sales for beverage giant PepsiCo Inc. PEP have remained subdued in recent quarters due to growing health and wellness consciousness as well as currency headwinds. PepsiCo’s shares have evidently sunk approximately 4% in the last three months. […]

McCormick & Co. Inc. MKC posted third-quarter fiscal 2017 results, wherein both the company’s earnings and revenues outpaced the Zacks Consensus Estimate […]

North American food company, Conagra Brands, Inc. CAG , reported better-than-expected first-quarter fiscal 2018 (ended August 2017) results. […]

We issued an updated research report on industrial gas producer and supplier, Praxair Inc. PX on Sep 26, 2017. […]

Atwood Oceanics, Inc. ’s ATW agreement for its one of its rigs withMubadala Petroleum was recently renewed for four months at an undisclosed day rate. […]

LyondellBasell Industries N.V. LYB has commenced production at its new polypropylene (PP) compounding plant in Dalian, China. The 20 kiloton per year plant is the company's third facility in China. […]