Month: February 2018

The equity universe has been witnessing an upward trend, of late, recording gains of 2.4%, 3% and 3.4% for the S&P 500, Nasdaq and Dow Jones Industrial Average, respectively, over the last three months. An improving U.S. economy will likely bring to the forefront some winners across the market this year […]

On Feb 4, 2018, we issued an updated research report on leading medical devices company, Boston Scientific Corporation BSX . The stock carries a Zacks Rank #3 (Hold). Notably, the U.S […]

Statoil ASA STO and its license partners have inked an agreement with North Atlantic Norway Ltd for the utilization of the 6th generation rig, West Hercules. West Hercules has been hired for drilling two exploration wells in the Barents Sea in 2018 and has options to drill another five exploration wells. The contract, which involves two permanent wells, is estimated in the range of $15-20 million. […]

Mettler-Toledo International Inc . MTD is scheduled to report fourth-quarter 2017 earnings on Feb 8. […]

Activision Blizzard Inc ATVI is set to report fourth-quarter 2017 results on Feb 8. Notably, the company beat the Zacks Consensus Estimate in each of the last four quarters; with an average positive surprise of 41.32%. Last quarter, Activision reported non-GAAP earnings of 47 cents per share, down 4.1% from the year-ago period […]

Eni SpA E expands footprints in Mexico with the latest award of Block 24 in the fourth international competitive bid round, Ronda 2, by the National Hydrocarbon Commission (CNH). Eni and its partner Qatar Petroleum won the rights to Block 24 in the deep waters of Cuenca Salina Basin in Mexico. […]

More earnings reports hit the tape this afternoon, following a day that showed some significant push-back on the big market sell-off of the last three regular sessions. Will these companies reporting after the close — The Walt Disney Co. DIS , Chipotle Mexican Grill CMG , Snap Inc […]

With earnings reports from Apple AAPL , Facebook FB , Microsoft MSFT , Alphabet GOOGL and Amazon AMZN , last week was without a doubt the biggest one for technology earnings. As may be expected, all these companies were impacted by the new tax law, but some gained more than others. Most tech companies provided for the tax on cash held overseas while baking in a lower future tax rate into the guidance […]

It was a week where both oil and gas prices tallied losses. On the news front, U.S.-based integrated majors ExxonMobil Corp. […]

Emerson Electric Co. EMR reported first-quarter fiscal 2018 adjusted earnings of 58 cents per share, beating the Zacks Consensus Estimate of 54 cents by 7.4%. Emerson’s earnings from continuing operations reflected growth of 18.4% year over year […]

ExxonMobil Corporation XOM recently reported fourth-quarter 2017 earnings — excluding the impact of U.S. Tax Reform and Impairments — from non-U.S. upstream operations of $2,578 million, which surpassed the Zacks Consensus Estimate of $2,424 million […]

General Motors Company GM reported fourth-quarter 2017 adjusted earnings per share of $1.65, up 21.3% from that of prior-year quarter. The bottom line comfortably beat the Zacks Consensus Estimate of $1.34. General Motors reported revenues of $37.7 billion, reflecting a decline of 5.5% from the year ago quarter […]

S&P Global, Inc. SPGI reported solid fourth-quarter 2017 results with adjusted net income of $474 million or $1.85 per share compared with $334 million or $1.28 per share in the year-earlier quarter. […]