Month: October 2017

Citigroup Inc. C has agreed to pay $1.74 billion to the estate of Lehman Brothers Holdings Inc. for a case that was filed during 2008 financial crisis […]

On Oct 2, we issued an updated research report on industrial goods manufacturer, 3M Company MMM . 3M continues to witness sustainable increase in earnings and free cash flow, benefiting from its long-term strategy of accelerating investment in high-growth programs. The company’s ability to convert high R&D spends into up-cycle market share gains and strong pricing powers are the reasons for its success […]

KB Home KBH reported impressive third-quarter fiscal 2017 results on Sep 28 on solid housing fundamentals. Shares of the company gained nearly 9% in the first full trading session following the results. Quarterly earnings of 51 cents per share outpaced the Zacks Consensus Estimate of 47 cents by 8.5% and increased a significant 21.4% from the year-ago 42 cents. […]

On Sep 26, we issued an updated research report on Edwards Lifesciences Corporation EW . The stock currently carries a Zacks Rank #3 (Hold). Over the last six months, this leading molecular diagnostic company has been trading above the broader industry […]

Chubb Limited CB has evaluated pre-tax catastrophe loss stemming from Hurricanes Harvey and Irma as well as earthquakes in Mexico. Loss from Harvey is projected to be $650 million pre-tax or $520 million after tax. Loss from Irma is anticipated to be between $800 million and $950 million pre-tax or $640 million and $760 million after tax. […]

AngioDynamics Inc. ANGO reported adjusted earnings of 12 cents per share in the first quarter of fiscal 2018. […]

Abbott ABT recently announced the receipt of FDA approval for the FreeStyle Libre Flash glucose monitoring system in the United States. The approval is likely to widen this Illinois-based medical device major’s customer base in diabetes management. […]

Lockheed Martin Corp. LMT has once again declared a hike in its quarterly dividend to reward its valuable investors. […]

In its weekly release, Houston-based oilfield services player Baker Hughes, a GE company BHGE , reported an increase in oil rig count in the United States. However, the number of rigs searching for natural gas has declined. […]

ReneSola Ltd. SOL incurred a loss of $1.57 per American Depositary Share (ADS) in the second quarter of 2017, wider than the Zacks Consensus Estimate of a loss of 76 cents. However, the company had reported earnings of 25 cents in the year-ago quarter. […]

On Oct 2, we issued an updated research report on Dave & Buster's Entertainment, Inc. PLAY . Last month, the company posted better-than-expected second-quarter fiscal 2017 results wherein both the bottom and top line surpassed the Zacks Consensus Estimate […]

World’s third largest pizza delivery company, Papa John’s International, Inc. PZZA looks promising at the moment. […]

Investors have been encouraged by ABB Ltd ’s ABB recent winstreak, as ABB’s earnings have trumped estimates in the four trailing quarters. The company is anticipated to continue the momentum driven byaccretive acquisitions, diligent restructuring efforts and cost saving initiatives. […]

For this Global Week Ahead , I ranked five themes in their order of importance. Yes. I see the nascent Spanish rebellion as important, Yet, I don’t see it as important as the state of the U.S […]