Month: December 2017

Emerson Electric Company EMR has decided to acquire a leading technology company in foodservice markets, Cooper-Atkins. The buyout will serve to deepen Emerson’s ability to cater to the needs of its cold chain customers, offering safe control of food as well as other temperature-sensitive products. Financial details of the deal have been kept under wraps […]

Shares of Albemarle Corporation ALB have rallied around 25% over the past six months. The chemical maker has also outperformed its industry’ s gain of roughly 16% to over the same time frame. Albemarle, a Zacks Rank #3 (Hold) stock, has a market cap of roughly $14.5 billion and average volume of shares traded in the last three months is around 1,330K. […]

Vulcan Materials Company ’s VMC bolt-on acquisitions, strong aggregate reserve position and improvement in private construction activities are encouraging. The company follows a systematic inorganic strategy for expansion and has wrapped up various bolt-on acquisitions. […]

Last week saw a number of activities by global automakers on the electric vehicle (EV) front. Toyota Motor Corporation TM , the biggest Japanese automaker, shared its plans of popularizing electrified vehicles for 2020-2030. […]

Itron, Inc. ITRI has signed a contract with Vectren Energy Delivery of Indiana – South, a subsidiary of Vectren Corporation VVC . […]

Shares of Laboratory Corporation of America Holdings LH scaled a new 52-week high of $165.18 on Dec 20, closing nominally lower at $163.03. The company has gained 8.4% over the last six months, much higher than the broader industry ’s gain of 2.4% with respect to share price. The stock has a market cap of $16.59 billion […]

Like most U.S. restaurant chains, BJ’s Restaurants, Inc. BJRI is facing the brunt of soft consumer spending […]

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value? One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process […]

With the economic and industry factors turning in favor of finance stocks, we have selected The Bank of New York Mellon Corporation BK for your consideration. The Zacks Rank #2 (Buy) bank displays earnings growth potential on the back of prudent cost-saving measures and capital strength. Also, its improving credit quality remains a tailwind […]

AT&T Inc. T recently requested for Special Temporary Authority (STA) from the Federal Communications Commission (FCC) to conduct 5G tests on the 3.5 GHz frequency band. AT&T plans to conduct tests for one month, commencing from Feb 1, 2018, using Ericsson’s ERIC equipment inside a closed building in Washington, D.C. […]

Discover Financial Services ’ DFS affiliate DFS Services LLC recently collaborated with National Payments Corporation of Vietnam (NAPAS). Per the agreement, NAPAS Global Cards will be accepted outside Vietnam on the Discover Global Network, including Discover Network, Diners Club International and PULSE. The deal will also make the Discover, Diners Club and affiliate network cards accepted on the NAPAS network in Vietnam […]

The PNC Financial Services Group ’s PNC banking services arm, PNC Bank, announced a definitive agreement to acquire Fortis Advisors. The deal is expected to be completed in February 2018. Fortis Advisors provides shareholder representative services upon closure of mergers and acquisitions […]

The year has turned out to be challenging as far as oil stock prices are concerned. Commodity price volatility, a weak U.S. dollar, China growth worries, sluggishness in other emerging markets, slumping commodities and geopolitical tensions triggered uncertainty in the domestic stock market. […]

Industrial REIT Terreno Realty Corporation TRNO is continuing with its efforts to capitalize on the healthy fundamentals in the industrial markets through purchase of strategic properties in core markets. As part of such moves, the company recently shelled out $27.6 million for the acquisition of an industrial property — Hawthorne Business Park — in Hawthorne, CA. […]

LitePoint, a subsidiary of Teradyne, Inc. TER , recently launched the industry's first fully-integrated 5G millimeter wave test solution, IQgig-5G. The test solution simplifies design validation for 5G product developers and speeds up product development […]

RLJ Lodging Trust RLJ announced that it has sold the luxury Boston hotel, Fairmont Copley Plaza, in a $170-million deal. The 383-room hotel has been sold for approximately $444,000 per key. The sale price represents a capitalization rate of around 4.6% on the hotel’s estimated 2017 net operating income (NOI). […]

Actuant Corporation ATU recently reported better-than-expected results for first-quarter fiscal 2018 (ended Nov 30, 2017). Earnings and Revenues Quarterly adjusted earnings came in at 19 cents per share, beating the Zacks Consensus Estimate by a penny. However, the figure came in a penny lower than the year-ago tally of 20 cents per share […]

PNM Resources PNM announced that it has completed the shutdown of two coal fired units of San Juan Generating Station (SJGS) near Farmington, NM. The move is expected to lower carbon emission and reduce usage of coal and water by nearly 50%. The shutdown of the coal fired units was per agreement, under the Revised State Implementation Plan (Revised SIP) and reduction of output by nearly 836 megawatt (MW). […]