Mergers & Acquisitions

IAC’s ANGI Homeservices Inc. Makes Stock Market Debut

IAC’s ANGI Homeservices Inc. Makes Stock Market Debut – IAC completes transaction combining Angie’s List with HomeAdvisor to launch category leader in the $400 billion market for home services – ANGI Homeservices offers largest network in North America with 200,000 high quality service professionals across 500 home services categories and 400 discrete markets – Suzy Welch, Alesia J. Haas and Yilu Zhao join Board of Directors PR Newswire NEW YORK, Oct […]

Stock Analysts

Sherwin-Williams Cuts Q3 View After Hurricanes Affect Stores

The Sherwin-Williams Company SHW has lowered its profit outlook for the third quarter of 2017 to reflect the impact of Hurricanes Harvey, Irma and Maria on its operations in Texas, Florida, the Caribbean and neighboring areas as well as disruptions from two earthquakes in Mexico. The paint giant noted that the hurricanes affected more than 600 stores while 40 locations in the Caribbean still remain closed. Sherwin-Williams operates 706 paint stores across Texas, Florida and the Caribbean and has 145 company-operated stores and 387 dedicated dealers in Mexico […]

Stock Analysts

Reasons to Hold on to Avery Dennison (AVY) Stock for Now

Avery Dennison Corporation AVY has an impressive earnings history having outperformed the Zacks Consensus Estimate in the preceding four quarters, with an average beat of 6.1%. Further, the company is expected to perform well on the bottom-line front in the 2017 backed by aggressive cost cutting and restructuring efforts as part of the current optimization program, despite raw material inflation. The company’s consistent execution of strategies continues to enhance competitive advantage, while driving profitable growth and improving returns […]

Stock Analysts

Accenture (ACN) Looks Bright After Earnings: Time To Buy?

A successful investorunderstands the importance of adding well-performing stocks to the portfolio at the right time. Indicators of a stock’s bullish run include a rise in share price and strong fundamentals. Accenture plc ACN is one such technology stock that has been on a healthy growth trajectory, of late. […]

Stock Analysts

Step Beyond Bargain Hunting: 5 Stocks With Rising P/E

Hunting for value is an age-old and widely used investing trick.Investors believe that lower the P/E, the higher will be the value of the stock. The logic is simple — a stock’s current market price does not justify its higher earnings and therefore leaves room for upside. But there is more to this whole P/E story as not only low P/E, stocks with a rising P/E can also fetch solid returns […]

Mergers & Acquisitions

Caesars Entertainment Provides Update on Completion of Merger and Restructuring

Caesars Entertainment Provides Update on Completion of Merger and Restructuring PR Newswire LAS VEGAS, Oct. 2, 2017 LAS VEGAS , Oct. 2, 2017 /PRNewswire/ — Caesars Entertainment Corporation (“Caesars Entertainment” or the “Company”) (NASDAQ: CZR) today provided additional information regarding the completion of the previously announced merger (“Merger”) with Caesars Acquisition Company (“CAC”) and conclusion of the restructuring of its subsidiary, Caesars Entertainment Operating Company, Inc. […]

Momentum Stocks

Bear of the Day: Greenhill & Co (GHL)

Greenhill & Co ( GHL ), a Zacks Rank #5 (Strong Sell), is a leading independent investment bank that provides financial advice on significant mergers, acquisitions and restructurings; assists private funds in raising capital from investors; and manages merchant banking funds. It acts for clients located throughout the world from its offices in New York, London, Frankfurt, Toronto, Dallas and San Francisco. Recent Earnings Due to weakness in the M&A market, and a decline in total deal announcements GHL missed the Zacks consensus earnings estimate for Q2 17. […]

Momentum Stocks

Bull of the Day: Micron Technology (MU)

Micron Technology ( MU ), a Zacks Rank #1 (Strong Buy) operates through four segments. Its business segments include Computer and Networking Business Unit (CNBU), which includes memory products sold into computers, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture; and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets. Recent Strong Earnings Report On September 26th, MU reported Q4 17 results which easily beat both the Zacks consensus earnings and revenue estimates […]