Stock Analysts

Will China’s New Crude Futures Be a Global Benchmark?

Beijing initially introduced crude futures way back in 1993, but they would continue trading for only one and a half years due to trade volatility. As China largely depends on crude import, volatility in the commodity market is a major impediment. In fact, imported oil meets more than 60% of China’s crude demand, per media reports. […]

Stock Analysts

Product Launches to Aid Goodyear, Raw Material Costs a Woe

On Mar 26, we issued an updated research report on The Goodyear Tire & Rubber Company GT . In order to boost sales and remain competitive in the market, Goodyear frequently launches innovative products and services for its consumers. At the beginning of March, it offered a preview of its two latest products […]

Technicals

Can the Rally in Finish Line (FINL) Shares Continue?

The Finish Line, Inc. FINL has been on the move lately as the stock has risen by 25.3% in the past four weeks, and it is currently trading well above its 20-Day SMA. This is a pretty solid move higher, but the question that has to be on investors’ minds right now is; can this trend continue […]

Stock Analysts

Fluor Secures Mechanical Construction Contract From MEGlobal

Fluor Corporation FLR recently announced that it has secured a mechanical construction contract from EQUATE Petrochemical Company’s wholly-owned subsidiary, MEGlobal, for its new monoethylene glycol (MEG) manufacturing facility in Freeport, TX. The engineering and construction firm booked the undisclosed value of the contract in first-quarter 2018. Per the contract, Fluor’s scope of work includes the installation of equipment as well as steel and piping for the MEG process unit. […]

Stock Analysts

McCormick (MKC) Posts Solid Q1 Earnings, Raises ’18 View

McCormick & Company Inc. MKC posted solid first-quarter fiscal 2018 results, with earnings and revenues outpacing the Zacks Consensus Estimate and improving year over year. The quarterly performance gained from positive acquisitions synergies, leading to growth in the consumer business and flavor solutions segments. […]

Stock Analysts

Companhia Siderurgica (SID) Posts Q4 Earnings, Sales Solid

Companhia Siderúrgica Nacional SID or CSN, yesterday, reported impressive financial results for the fourth quarter of 2017. This Brazilian steelmaker’s net earnings from continuing operations in the quarter were approximately R$377.4 million ($116.1 million) versus the loss of R$53 million ($16.1 million) recorded in the year-ago quarter. Earnings per share in the quarter was R$0.27 or roughly 8 cents per American Depository Receipt (ADR). […]

Stock Analysts

International Paper’s Revised Bid Rejected by Smurfit Kappa

International Paper Company IP was spurned yet again when its sweetened bid to take over Ireland-based Smurfit Kappa was rejected by the European rival. This is the second unsolicited offer within a month by International Paper, indicating its urgency to expand operations beyond North America to capitalize on increasing demand for packaging materials for online shopping. The latest proposal included a cash-and-stock offer of €25.25 in cash (up from the previous offer of €22) along with 0.3 new shares of International Paper for each share of Smurfit. […]