Month: November 2017

Pfizer, Inc. PFE and its Germany-based partner Merck KGaA MKGAF announced that a phase III study evaluating their key pipeline candidate, avelumab, for the treatment of gastric cancer in the third-line setting, failed to meet the primary endpoint. The JAVELIN Gastric 300 trial study evaluated avelumab monotherapy for the treatment of unresectable, recurrent or metastatic gastric or gastroesophageal junction (GEJ) adenocarcinoma in patients whose disease progressed following two prior therapeutic regimens, regardless of PD-L1 expression […]

Baidu, Inc. BIDU has announced that it has entered into a partnership with Xiaomi Inc. to develop technologies on artificial intelligence (AI) and Internet of Things (IoT) […]

Amazon.com, Inc’s AMZN generated strong device sales during the holiday weekend, defined as Thanksgiving through Cyber Monday. Per the company’s statement, Echo Dot was the top-selling product on Amazon.com over the holiday weekend. Not only this, it was also the best-selling product from any manufacturer in any category on Amazon. […]

Amid an environment where retailers are failing to win investors’ confidence, Wal-Mart Stores Inc. WMT is showcasing a superb bull run, courtesy of its aggressive efforts to counter the industry challenges. […]

Altria Group Inc ’s MO shares have lost 11.5% in the past six months, faring slightly better than the industry ’s decline of 12.5%. Persistent weakness in the smokeable segment has been denting investors’ optimism on the stock. Altria, which has a solid hold in the tobacco industry, has been undertaking initiatives to expand smokeless products segment that has been gaining traction of late. […]

McCormick & Company Inc. MKC announced a 10.6% hike in its quarterly dividend, to 52 cents per share from 47 cents. The increased dividend is payable on Jan 16, 2018 to shareholders held in record as of Dec 29, 2017. […]

On Nov 28, we issued an updated research report on GNC Holdings, Inc. GNC . The company currently carries a Zacks Rank #4 (Sell). […]

Amazon.com, Inc. ’s AMZN Amazon Web Services (AWS) recently launched AWS Elemental Media Services, a suite of five cloud based tools to enable building video offerings in cloud and monetize them. AWS claims that the new services automate video operations management, save a lot of time and effort, and eradicate the need of pricey equipment and infrastructure for video data centers […]

President Trump’s Federal Reserve chairman pick, Jerome H. Powell confirmed that certain bank regulations need to be rolled back. Easing of banking regulations will give more power to banking authorities and spur lending activities. […]

The Clorox Company CLX announced the opening of its latest manufacturing facility in Atlanta. This new facility is expected to produce Home Care products, thereby strengthening the Home Care unit of the company’s Cleaning segment. Spanning across 258,000 square feet, the new manufacturing facility, Atlanta West is adjacent to the Atlanta Main, which also makes Home Care products […]

The Cooper Companies Inc. ’s COO fourth-quarter fiscal 2017 results, scheduled for release on Dec 7, are expected to show steady growth in CooperVision Segment or CVI — one of the major revenue components. While this could majorly drive fourth-quarter earnings, an expected improvement in revenues at other segments should help the company generate solid results […]

On Nov 28, we issued an updated research report on Stryker Corporation SYK . The company’s acquisition-driven strategy is expected to boost growth by expanding existing product offerings across all business segments. However, challenging global economic conditions, supply side issues, fluctuations in foreign currency exchange rates and a strengthening dollar are likely to dent top-line growth in the near term. […]

Hyatt Hotels Corporation ’s H strong developmental pipeline, consistent expansion plans, extensive international exposure and attempt toward expanding beyond traditional hotel are major growth drivers. However, lingering political uncertainties in international markets pose a threat to profits. […]

Unum Group UNM is poised for growth, banking on strong persistency levels in core business lines and a sturdy sales volume along with bouts of solid benefits. The company has been witnessing upward estimate revisions over the past 60 days. This Zacks Rank #2 (Buy) accident & health insurer remains promising on the back of several growth prospects […]

Autodesk Inc. ADSK reported third-quarter fiscal 2018 non-GAAP loss of 12 cents per share, narrower than the Zacks Consensus Estimate of a loss of 13 cents. The figure was within the guided range of a loss of 12–16 cents per share. […]