Economic Data

Q4 GDP Sub-3%, Q4 Earnings Roll On

Friday, January 26, 2018 Ahead of the opening bell for the final trading day of this week, new U.S. Gross Domestic Product (GDP) figures were released, and, while not exactly disappointing, came up short of what many analysts had been expecting. The first read for Q4 GDP reached 2.6%, lower than the consensus estimate of 2.9% […]

Stock Analysts

Qualcomm Fined by EC, Signs MoU With 4 Handset Developers

Qualcomm Inc. QCOM recently signed a memorandum of understanding with four leading Chinese handset developers, namely, Lenovo Mobile Communication Technology, Ltd., Guangdong OPPO Mobile Telecommunications Corp., Ltd., vivo Communication Technology Co., Ltd. and Xiaomi Communications Co., Ltd., for a multi-year sale of RF Front-End solutions. […]

Stock Analysts

Carnival’s (CCL) Ocean Originals Program to Air on Telemundo

Carnival Corporation CCL recently announced that one of its Ocean Originals TV programs, The Voyager with Josh Garcia , will be distributed on Telemundo, an American Spanish-language terrestrial television network owned by Comcast CMCSA . Episodes from the first season now feature on Telemundo's new three-hour Saturday programming block. Including Telemundo, distribution of Ocean Originals TV programming will now occur on the United States’ two largest Spanish networks and two largest English broadcast networks, along with Carnival’s own digital streaming network, OceanView […]

Stock Analysts

Regency Buys Long Island Assets, To Form Hewlett Crossing

Regency Centers Corporation REG recently announced the acquisition of two adjacent properties in Long Island, NY. The off-market buyout helps the company boost its portfolio with a property that enjoys an experienced tenant roster. The acquired properties — 33,000-square foot center anchored by Petco (Hewlett I) and the 20,000-square foot center anchored by Duane Reade (Hewlett II) — were separately operated […]

Stock Analysts

What are Michael Kors’ Strategies for Long-Term Growth?

Michael Kors Holdings Limited KORS has been constantly deploying resources to expand product offerings, opening new stores, building shop-in-shops and upgrading e-commerce platform. These endeavors along with the positive earnings streak for the 10th straight quarter gives an indication that the stock is well poised in the long run. Let’s delve deeper. […]

Stock Analysts

Novartis Gets Spark Therapeutics’ Luxterna License Outside US

Novartis AG NVS entered into a licensing agreement with Spark Therapeutics to develop, register and commercialize Luxturna (voretigene neparvovec) in markets outside the United States. We note Luxturna was approved in the United States on Dec 19, 2017 as one-time gene therapy to restore functional vision in children and adult patients with biallelic mutations of the RPE65 (retinal pigment epithelial 65 kDa protein) gene. […]

Stock Analysts

FDA Nod for QIAGEN’s JAK2 Test Boosts Molecular Diagnostic

QIAGEN 's QGEN ipsogen JAK2 RGQ PCR Kit (ipsogen JAK2 assay) received FDA approval for additional use in the diagnosis of all myeloproliferative neoplasms (MPNs). In this cancer group, blood cells in the bone marrow do not mature to become healthy cells. The FDA clearance now covers two additional types of MPN: essential thrombocythemia and primary myelofibrosis. […]

Stock Analysts

Daimler and BMW Set to Merge Their Car-Sharing Services

German vehicle manufacturers, Daimler AG DDAIF and BMW AG BAMXF , are working toward combining their car-sharing services, per a Reuters report. The merger talks between the Car2Go and DriveNow — the car-sharing services of Daimler and BMW, respectively — are now in the final stages and the merged entity will run independently. In fact, this merged entity is deemed to take on Uber, the ride-sharing service provider, based in the United States […]

Technicals

NextEra Energy (NEE) Lags on Q4 Earnings, Revenues Beat

Juno Beach, FL-based NextEra Energy Inc . NEE is a public utility holding company engaged in the generation, transmission, distribution, and sale of electric energy. To provide reliable services to its customers, NextEra Energy continues to expand its scale of operations and utilize modern technologies, primarily at its FPL utility […]