Momentum Stocks

Bear of the Day: Tile Shop Holdings (TTS)

Tile Shop Hldgs, Inc. ( TTS ), a Zacks Rank #5 (Strong Sell), is the parent company of The Tile Shop. The Tile Shop is a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States […]

Momentum Stocks

Bull of the Day: Encore Wire Corp (WIRE)

Encore Wire Corp ( WIRE ), a Zacks Rank #1 (Strong Buy) is a low-cost manufacturer of copper electrical building wire and cable. The Company is a significant supplier of both residential wire for interior electrical wiring in homes, apartments and manufactured housing, as well as building wire for electrical distribution in commercial and industrial buildings. Recent Earnings Data The company reported Q4, and FY 2017 results on February 20th where they beat the Zacks consensus earnings and revenue estimates for the second consecutive quarter […]

Mergers & Acquisitions

Golden Meditech’s Subsidiary Completes Acquisition of 50% Equity Interest in ASA

Golden Meditech’s Subsidiary Completes Acquisition of 50% Equity Interest in ASA PR Newswire HONG KONG, Feb. 28, 2018 HONG KONG , Feb. 28, 2018 /PRNewswire/ — Golden Meditech Holdings Limited (SEHK stock code: 00801) (“Golden Meditech” or the “Company”), a leading integrated healthcare enterprise in China , announces that Gloden Meditech K.K., an indirect wholly-owned subsidiary of the Company, has completed the acquisition of 50% equity interest in ASA Asset Management Co., Ltd […]

Mergers & Acquisitions

EXFO acquires Astellia

EXFO acquires Astellia PR Newswire BARCELONA, Spain, Feb. 28, 2018 €25.9 million deal unites telecom industry leaders in fiber optic testing and mobile network performance, creating a new global force in network test, monitoring and analytics BARCELONA, Spain , Feb. […]

Mergers & Acquisitions

Weatherford Announces Final Results and Expiration of Cash Tender Offer

Weatherford Announces Final Results and Expiration of Cash Tender Offer PR Newswire BAAR, Switzerland, Feb. 27, 2018 BAAR, Switzerland , Feb. 27, 2018 /PRNewswire/ — Weatherford International plc (NYSE: WFT) (the “Company” or “Weatherford”) announced today the final results and expiration of the previously announced offer (the “Tender Offer”) by Weatherford International Ltd., a Bermuda exempted company and indirect, wholly owned subsidiary of the Company, to purchase for cash any and all of its 9.625% senior notes due 2019 (the “Notes”). […]

Stock Analysts

MPLX Expansion’s Joint Binding Open Season Sees Success

Midstream energy infrastructure operator, MPLX LP MPLX recently announced that MPLX Ozark Pipe Line LLC and Marathon Pipe Line LLC, two subsidiaries of MPLX have successfully concluded the joint binding open season on Cushing, OK to Patoka, IL pipeline expansion. MPLX, created by Marathon Petroleum Corp. MPC in 2012, has included the Ozark 22-inch and Woodpat 22-inch pipelines in the expansion process […]

Mergers & Acquisitions

Empeiria Capital Partners Acquires B&B Roadway and Security Solutions

Empeiria Capital Partners Acquires B&B Roadway and Security Solutions PR Newswire NEW YORK, Feb. 27, 2018 NEW YORK , Feb. 27, 2018 /PRNewswire/ — Empeiria Capital Partners, LLC (“Empeiria”) is pleased to announce that an investment entity controlled by Empeiria has acquired B&B Roadway and Security Solutions, LLC (“BBRSS” or the “Company”). […]

Stock Analysts

Schwab’s Claims Against Banks for Libor Manipulation Revived

The Charles Schwab Corporation SCHW along with some of its mutual funds have successfully convinced the 2nd U.S. Circuit Court of Appeals in Manhattan to revive the lawsuit, which was filed against 17 banks and financial institutions, alleging them of manipulating the benchmark Libor interest rate. The London Interbank Offered Rate, popularly known as Libor, is used by banks as a benchmark rate to set the interest rates for various financial instruments and is also the average rate at which major banks borrow money from each other. […]

Stock Analysts

3 Bank Stocks Not Likely to Lose Momentum

Bank stocks have been in the spotlight since the announcement of U.S Presidential election results in November 2016. While the overall financial performance of banks has not been that impressive owing to a tough operating backdrop, the future looks bright. Driven by investors’ interest, price performance of banks has been impressive. […]