Month: March 2018

The first quarter of this year is finally drawing to a close, calling for a quick recap of the show put up by the S&P 500. First and foremost, profit growth, one of the primary factors behind the current bull run, is well expected to remain robust for this elite index. What’s more, early estimates suggest that the earnings momentum will continue mostly on the Republican tax cut policy and solid global economic growth. […]

While many grocery firms are reeling under stiff competition posed by industry biggies as well as shifting consumer preferences, companies like United Natural Foods, Inc. UNFI have been putting up a strong fight and thriving well. The company’s well-planned initiatives and rising demand for natural and organic products have been fueling growth in its sales channels. […]

In a concerted effort to augment in-flight connectivity within business jets, airline and helicopter operator, Honeywell International Inc. HON introduced two state-of-the-art satellite communications systems. The strategic move will facilitate the company to strengthen its leading position in the Aerospace market […]

Shares of United States Steel Corporation X have rallied 39.2% in the last six months, significantly outperforming the industry ’s gain of roughly 12.6%. U.S. Steel, a Zacks Rank #3 (Hold) stock, has a market cap of roughly $6.2 billion and average volume of shares traded in the last three months was around 13,691.7K […]

Amdocs Limited DOX announced that it has implemented Open Network Automation Platform (ONAP) on the Microsoft Azure cloud platform. Microsoft Azure is an open, enterprise-grade cloud computing service created by Microsoft Corporation MSFT . […]

Williams Partners L.P. WPZ has brought online the facilities constructed as part of Phase 2 of the Garden State Expansion Project. The project is an expansion of the Transco pipeline system intended to transport additional natural gas capacity of 180,000 dekatherms per day to New Jersey Natural Gas […]

Lowe's Companies, Inc. LOW has announced changes at its management level. The company’s CEO Robert Niblock is due to step down after 13 years of service […]

In a bid to strengthen its CAD-CAM-based dental unit, DENTSPLY SIRONA Inc. XRAY , recently announced a definitive agreement to acquire OraMetrix — a leading industry provider of innovative 3-D technology solutions.The company also offers an advanced, CAD platform developed for dental professionals to deliver consistently predictable orthodontic outcomes. The transaction is expected to be completed by the second quarter of 2018 […]

On Mar 26, we issued an updated research report on athenahealth Inc ATHN . The company’s strong product portfolio, solid network expansion strategies and unique business model are tailwinds. Consequently, athenahealth is one of the top-performing stocks in the MedTech sector […]

China Petroleum and Chemical Corporation SNP or Sinopec reported fourth-quarter 2017 earnings per American Depositary Receipt (ADR) of $1.11, lagging the Zacks Consensus Estimate of $1.29 but improving from 16 cents in the year-ago quarter. Revenues were up 14% year over year to 93,012 million yuan. The upside can be attributed to higher natural gas production and increased refinery throughput, which were partially offset by lower crude oil production. […]

Shares of Michael Kors Holdings Limited KORS are riding high on global expansion and Runway 2020 strategic plan. Further, the company has been constantly deploying resources to expand product offerings, opening new stores, building shop-in-shops and upgrading e-commerce platform. […]

An improving economic backdrop, reflected by optimistic employment outlook, inflation approaching 2% and a growing GDP rate, is further testified by an increase in interest rate. The Fed has hiked rates six times since the financial crisis, of which, three were approved in 2017. The heightened pace clearly signals toward strengthening the U.S […]

We believe that The Chemours Company CC is a solid choice for investors, seeking exposure in the chemical space. Healthy demand for its products, efforts for improving capacities, favorable pricing and shareholder-friendly policy raised the company’s investment appeal. The stock, upgraded to a Zacks Rank #1 (Strong Buy) on Mar 27, has a market capitalization of roughly $8.6 billion. […]

Brushing off market gyrations, market pundits are of the opinion that the economy is not in a bad shape after all. The Fed’s optimistic view also highlights the same. […]

Shares of Freeport-McMoRan Inc. FCX have rallied 23.1% in the last six months, outperforming the industry ’s gain of roughly 11.2%. Freeport, a Zacks Rank #3 (Hold) stock, has a market cap of roughly $25.7 billion and average volume of shares traded in the last three months was around 19,502.8K […]