Year: 2017

Agios Pharmaceuticals, Inc. AGIO announced that it has submitted a new drug application (“NDA”) to the FDA for its investigational candidate ivosidenib (AG-120) for treatment of patients with relapsed or refractory acute myeloid leukemia (R/R AML) and an isocitrate dehydrogenase-1 (IDH1) mutation. Notably, the company has requested the regulatory agency for a priority review keeping in mind that the latter would have to complete the process within a span of six months if it accepts the application […]

The improving economy in the United States has been favoring hospitality companies. In the next 10 years, global travel is estimated to increase at a compound rate of 7%. International trips are expected to reach 1.8 billion by 2030, which reflects growing demand for hotels […]

On Dec 26, we issued an updated research report on Abaxis, Inc. ABAX . The stock currently carries a Zacks Rank #3 (Hold) […]

CSX Corporation ’s CSX board of directors has announced James (Jim) M. Foote as the company’s new president and CEO with immediate effect. Foote will also be on the company’s board. […]

Coty Inc. ’s COTY has been steadily gaining from well-planned acquisitions and a strong foothold in the cosmetics industry, supported by leading brands. These factors have been fueling the top line of this cosmetics giant […]

Among the major oilfield services firms, Schlumberger Limited ( SLB ) and Halliburton Company ( HAL ) deserve a special mention, given their massive market caps of $86.4 billion and $38.8 billion, respectively. These companies dominate and define the industry to which they belong to. Both of these firms have interesting earnings surprise histories. […]

Workiva WK shares have been witnessing a downside since the company reported third-quarter 2017 results. Shares of Workiva have merely returned 3.6% in the past three months, underperforming the industry’s gain of 10.6%. Let’s delve deeper and try to find out what’s taking a toll on this Zacks Rank #4 (Sell) company […]

Recently, AT&T Inc. T , and the First Responder Network Authority (FirstNet) together revealed that so far more than 80% of the state governors have decided to enter the FirstNet project, the first nationwide dedicated wireless network for first responders. […]

On Dec 26, we issued an updated research report on Copart, Inc. CPRT . On Nov 21, Copart, which provides online auctions and vehicle remarketing services, reported adjusted earnings per share of 33 cents in first-quarter fiscal 2018 (ended Oct 31, 2017), beating the Zacks Consensus Estimate of 26 cents. […]

Anheuser-Busch InBev SA/NV BUD , commonly known as AB InBev has failed to impress investors lately owing to its dismal performance. The company is battling soft volumes, higher cost of sales, adverse currency impacts and consumers’ changing preferences. […]

Overall, 2017 proved to be a great year for the U.S. stocks, buoyed by rebounding of the domestic economy. […]

Transocean Ltd. RIG recently reported that its harsh environment semisubmersible, Transocean Spitsbergen has received a 22-well contract from Statoil ASA STO in the Norwegian North Sea. The duration of the contract is 33 months and it includes two one-well options […]

On Dec 26, we issued an updated report on Ameriprise Financial, Inc. AMP . […]

On Dec 26, we issued an updated research report on Cerner Corporation CERN . The stock carries a Zacks Rank #3 (Hold). […]

Markets have enjoyed a strong and enduring rally for nearly all of 2017. Benchmarks have broken several milestones on multiple occasions and are on course to create new annual records. Year to date, the S&P 500 is up more than 20% and is on course to registering its highest gains in four years. […]

Energy-focused engineering and construction company McDermott International, Inc. MDR recently announced that it has landed an engineering, procurement, construction and commissioning (EPCC) services contract from Maersk Oil for the latter's Tyra Redevelopment project. It is located in the Danish sector of North Sea. […]

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 […]