Month: January 2018

Stock Analysts

Snap Takes Stories Beyond the Snapchat App to Boost Growth

January 25, 2018 0

Snap Inc . SNAP recently announced that users will be able to share links to certain “Stories” via email or text on snapchat.com, which can be viewed by anyone, irrespective of whether they have a Snapchat account or not. The new feature is currently available to users in Australia and Canada who have the redesigned Snapchat application. […]

Stock Analysts

Sherwin-Williams’ Q4 Earnings Trail Estimates, Revenues Beat

January 25, 2018 0

The Sherwin-Williams Company SHW logged net income from continuing operations of $897.4 million or $9.39 per share for the fourth quarter of 2017, up more than four-fold from $203 million or $2.15 per share recorded a year ago. The bottom line in the reported quarter was boosted by a one-time benefit of $7.04 per share from deferred income tax reductions. […]

Stock Analysts

Here’s Why You Should Retain Cisco (CSCO) in Your Portfolio

January 25, 2018 0

Shares of the largest player in the networking space, Cisco Systems CSCO have been moving north backed by the company’s innovation prowess, expanding product portfolio, increased collaborations and investor-friendly decisions. Cisco’s rapidly expanding footprint in the network security market and leadership position in WLAN and Ethernet switching are driving growth for the company. Moreover, with increasing demand for networking solutions and an exponential mobile data traffic growth, there has been an increasing need to manage data traffic efficiently while minimizing costs. […]

Economic Data

Look At These Corporate Earnings

January 25, 2018 0

Along with a new full slate of Q4 earnings results ahead of today’s opening bell, we also see Initial Jobless Claims reported for last week. The headline number of 233K is higher than the previous week by 17K claims (the previous week itself was revised down to 216K from 220K originally reported), but falls nicely within the comfortable range between 225K-250K jobless claims we’ve largely seen over the past couple years. Continuing claims fell last week to 1.937 million from an upwardly revised 1.965 million the previous week […]

Stock Analysts

Will Life-Sciences Growth Drive Danaher (DHR) Q4 Earnings?

January 25, 2018 0

Danaher Corporation DHR is scheduled to report fourth-quarter 2017 results before the opening bell on Jan 30. In the quarter to be reported, the company is expected to post strong growth in Life Sciences & Diagnostics business. Last quarter, the company’s adjusted earnings beat the Zacks Consensus Estimate of 95 cents by 5.3%. […]

Stock Analysts

Compass Diversified to Tap Wax Melts Market With New Buyout

January 25, 2018 0

Sterno Products, LLC, a subsidiary of Compass Diversified Holdings LLC CODI , has recently announced its plans to acquire Rimports Inc., a leading manufacturer and distributor of wickless candle products and other home-run items, for $145 million. Compass Diversified intends to fund the transaction using a revolving credit arrangement. The deal is expected to help Sterno Products expand its customer base by offering scented wickless candle products in addition to its existing portable food warming fuels and emergency candles products. […]

Stock Analysts

Campbell’s (CPB) Toronto Plant Closure to Boost Cost Savings

January 25, 2018 0

Campbell Soup Company CPB has decided to wind down its manufacturing facility in Toronto and integrate the Canadian soup and broth production to its three existing factories in the United States, namely, Paris, TX; Maxton, NC and Napoleon, OH. This action is in sync with the company’s cost-savings plan and is likely to bolster the operational efficiency of the North American thermal network. The Toronto facility will be shut down in phases, within a period of about 18 months, resulting in 380 job cuts out of 600 […]

Stock Analysts

Sunoco (SUN) Closes Strategic Divestiture for $3.2 Billion

January 25, 2018 0

Sunoco LP SUN announced the divestment of its convenience stores to 7-Eleven, Inc. The transaction, valued at $3.2 billion, includes a 15-year take-or-pay fuel supply agreement under which the partnership has agreed to supply 2.0 billion gallons of fuel annually and 0.5 billion gallons in future as well. Notably, the partnership had made an announcement regarding the divestiture in April 2017. […]

Stock Analysts

What’s in Store for Boston Properties (BXP) in Q4 Earnings?

January 25, 2018 0

Boston Properties, Inc. BXP is scheduled to report fourth quarter and 2017 results on Jan 30, after the market closes. Last quarter, this REIT, which mainly owns and develops Class A office real estates in the United States, delivered better-than-expected performance in terms of funds from operations (FFO) per share, witnessing a positive surprise of 1.95%. […]

Stock Analysts

Shire Gets FDA Nod for Cinryze Tech Transfer to New Site

January 25, 2018 0

Shire plc SHPG announced that it has received an FDA approval for transferring the product manufacturing technology of its hereditary angioedema (HAE) drug, Cinryze (C1 esterase inhibitor), to its in-house manufacturing site in Vienna, Austria. The company expects to start commercial manufacturing of Cinryze at the given site during the first quarter of 2018. Notably, the company has been facing consistent supply challenges for Cinryze, which is produced by a single third-party supplier. […]