Month: December 2017

The marvelous run of the semiconductor stocks that started in the second half of 2016 seems to be fading with one bad news after another. The industry, which is still reeling under the effect of Morgan Stanley’s Nov 27 report on NAND prices, received a new blow last Friday in the form of a corporate tax rate cut, which, analysts believe will hurt the entire technology sector. […]

L3 Technologies Inc. ’s LLL Vertex Aerospace business unit recently clinched a modification contract for providing additional support to the U.S. Navy’s T-45 Goshawk aircraft system […]

It was a week where the price of oil ended slightly lower. However, natural gas futures rose sharply. On the news front, the world’s largest publicly traded oil company ExxonMobil Corp. […]

One of the key attributes of the telecommunications industry is that it is a major infrastructure product for both emerging and developed nations. The telecommunications industry benefits from an improving global economy which makes the overall macro-outlook buoyant. Significant technological inventions also make a mature market like the United States lucrative for telecom operators. […]

Year-long efforts to fulfill one of the major promises made by President Trump during elections have finally begun bearing fruits. The U.S. Senate passed an amended tax bill on early Saturday morning, which boosted investors’ confidence and led the stock market to rally on Monday. […]

The global chemical industry has gotten off to a positive start in the fourth quarter with October seeing a rise in chemical production on the back of a recovery of the U.S. chemical industry from the effects of hurricanes and an upswing in the world economy, per the monthly report from the American Chemistry Council (ACC) released yesterday. […]

CVS Health Corporation ’s CVS historic decision to acquire health insurance giant Aetna AET has created quite a buzz in the entire healthcare space. Most economists consider this coming together of two stalwarts — consolidation of CVS Health’s pharmacy benefit management (“PBM”) business with Aetna’s large and unshakable insurance base — as a new dimension added to healthcare landscape. However, critics are of the view that the gains from this combined entity will be short-lived for the healthcare society at large to benefit from […]

Retail sector is hogging all the attention, and this time for good reasons. For the time being, the expression "retail apocalypse” appears to be a thing of past. The sector has certainly been facing the brunt of heightened online competition, lower footfall and changing consumer spending patterns but of late the tables are turning in favor of the retailers […]

REITs delivered an encouraging performance in November backed by increased shareholder activity in the retail real estate market. Moreover, decent performance from a number of other core sectors improved the overall market returns. Per data from REIT.com, total returns of the FTSE Nareit All REITs Index logged in a gain of 2.6% in the month, after reporting negative returns in the last two months — a 0.2% decline in October and 0.6% fall in September. […]

E-commerce is one of the fastest-growing industries in the world, with online retail being its much-vaunted segment. Amazon.com Inc. […]

AutoZone, Inc. AZO reported 6.8% year-over-year growth in adjusted earnings per share of $9.96 for first-quarter fiscal 2018 (ended Nov 18, 2017). Earnings beat the Zacks Consensus Estimate of $9.80 […]

Oilfield service provider TechnipFMC plc FTI has been awarded a contract worth $4.2 billion by the Bahrain Petroleum Company (Bapco) for its only refinery, Sitra. Per the contract, South Korea’s Samsung Engineering and Spain's Tecnicas Reunidas will join TechnipFMC for the Bapco Modernization Program, which is located on the Eastern coast of Bahrain. […]

Gladstone Commercial Corporation GOOD recently shelled out $37.6 million to acquire office portfolio in Columbus, OH and Salt Lake City, UT. The move is in sync with the company’s efforts to strengthen its presence in solid U.S. secondary growth markets with credit-worthy tenants […]

IPG Photonics Corp. IPGP , a manufacturer and developer of high performance fiber lasers, recently announced the acquisition of Laser Depth Dynamics (LDD) to optimize the usage of lasers in the manufacturing industry. LDD primarily monitors and controls solutions related to laser-based welding processes. […]

Shares of the major transportation companies surged on Dec 4. The uptick was primarily due to the Senate’s approval of the biggest U.S. tax overhaul in three decades by a 51-49 vote in the early hours of Dec 2. […]