Month: February 2018

MRC Global Inc. MRC reported lower-than-expected results for fourth-quarter 2017. Shares of the company dipped nearly 3.8% to $16.73 per share as of Feb 16, after the quarterly results were announced. […]

Citigroup ’s C chief executive officer (CEO) – Michael Corbat – received about 48% pay hike in his total compensation package. His annual salary has been increased to $23 million in 2017 from $15.5 million in 2016, according to a Securities and Exchange Commission (SEC) filing last week. The CEO’s pay package includes a base salary of $1.5 million, cash bonus of $6.5 million and $15 million deferred incentives for 2017 […]

SCANA Corporation SCG is scheduled to report fourth-quarter 2017 earnings before the opening bell on Feb 22. Last quarter, the company delivered a negative earnings surprise of 0.85%. Moreover, SCANA failed to beat the Zacks Consensus Estimate in three of the last four quarters, the average negative surprise being 1.4% […]

On Feb 16, The University of Chicago said that its consumer sentiment index had increased in February to its second-highest level since 2004. The Tax Cuts and Jobs Act of 2017 and continuing resilience in the jobs market were primarily responsible for this increase. […]

Qualcomm Inc. QCOM is mulling over to raise bid for NXP Semiconductors NV NXPI , in order to garner support of 80% shareholders of the latter, per CNBC. Notably, on Oct 27, 2016, Qualcomm had entered into a definitive agreement with the Netherlands-based mobile chipset giant for the acquisition […]

Barnes Group Inc. B reported better-than-expected bottom line results for the fourth quarter of 2017, pulling off a positive earnings surprise of 4.41%. Adjusted earnings in the quarter came in 71 cents per share, beating the Zacks Consensus Estimate of 68 cents. […]

Waste management firm Stericycle, Inc. SRCL is scheduled to report fourth-quarter 2017 results after the closing bell on Feb 21. […]

The Q4 earnings season is approaching its tail end as 72.4% of the S&P 500 companies have already reported results. Meanwhile, investors’ hunt for potential outperformers is still on. […]

Over the last five trading days, performance of banking stocks has been bullish. The 10-year Treasury bond yields escalated at four-year highs on higher-than-expected inflation. Positive economic growth, along with central banks’ moves globally to improve interest rates from ultra-low levels, boosted yields which supported bank stocks, encouraging investors to focus more on bank stocks […]

Key foreign bank earnings that are scheduled for release next week will likely to provide a better understanding of the sector’s near-term prospects. At present, the central short-term concern for foreign banks will be one-time U.S. tax charges, which may adversely affect their full-year profits […]

We expect NiSource Inc. NI to beat expectations when it reports fourth-quarter 2017 results on Feb 20, before the opening bell. […]

Qualcomm’s QCOM CEO Steve Mollenkopf, CFO George Davis and Chairman Paul Jacobs and other office bearers met Broadcom AVGO representatives in a two-hour meeting. Neither party said anything about what transpired at the meeting but Broadcom representatives reportedly came away with the feeling that they were listened to without comment. Qualcomm representatives said that the board would meet to discuss the next steps […]

Domestic oil and gas explorer Whiting Petroleum Corporation WLL is scheduled to report its fourth-quarter earnings on Wednesday, Feb 21, after market closes. The current Zacks Consensus Estimate for the quarter under review is a loss of 32 cents on revenues of $417.2 million. […]

SM Energy Company SM is scheduled to report fourth-quarter 2017 earnings on Feb 21, after the closing bell. The upstream energy player surpassed the Zacks Consensus Estimate in the last quarter, the positive earnings surprise being 21.9%. For the trailing four quarters, the company has an average positive earnings surprise of 48.1%. […]

On Feb 12, the Pentagon unveiled the fiscal 2019 budget proposal outlined by President Trump, intended at rebuilding the U.S. military into a more capable, lethal, and geared up Joint Force. Notably, the budget proposal aims at spending $716 billion on national security. […]