The cancer space saw label expansion of two major drugs this week. Seattle Genetics, Inc.’s SGEN , Adcetris label was expanded to include treatment naive patients with advanced Hodgkin lymphoma (cHL). Novartis’ NVS Tasigna received approval for use in pediatric patients, one year of age or older […]
KB Home KBH surpassed the Zacks Consensus Estimate in first-quarter fiscal 2018 on the top line but failed to meet the same on the bottom line. Following the release, shares of the company have gained 0.5% in the after-hours trading session on Mar 22. Quarterly adjusted earnings of 40 cents per share outpaced the Zacks Consensus Estimate of 30 cents by 33.3% and increased a significant 116.7% from 15 cents in the year-ago period […]
Westport Fuel Systems Inc. ’s WPRT fourth-quarter 2017 adjusted net loss from continuing operations was 12 cents per share, narrower than the Zacks Consensus Estimate of a loss of 13 cents. Also, total net loss from continuing operations in the quarter was $19.2 million from the net loss of $44.4 million in fourth-quarter 2016 […]
Royal Caribbean Cruises Ltd. RCL is investing heavily in capacity expansion and fleet modernization with a view to enhance guest experience, catering to changing demand for cruise vacations across the world. The company posted strong fourth-quarter 2017 results, beating the Zacks Consensus Estimate for earnings by 11.7% and the same for revenues, by 1%. […]
Shares of FedEx Corporation FDX declined 5.1% to $236.27 on Mar 22, despite reporting better-than-expected revenues and earnings per share in the third quarter of fiscal 2018, on Mar 20. This is the biggest one-day decline for the stock since March 2013. Why the Decline […]
AXIS Capital Holdings Limited AXS is a global provider of specialty lines insurance and treaty reinsurance. Shares of this Zacks Rank #3 (Hold) property and casualty insurer have rallied 12.8% year to date, outperforming the industry ’s growth of 0.3%. Though the stock has seen the Zacks Consensus Estimate for 2018 earnings being revised downward, the same for 2019 moved north over the last 60 days. […]
ANSYS Inc. ANSS is now focused on improving optical simulation capabilities to strengthen its position in producing autonomous vehicle sensors. […]
Friday, March 23, 2018 The markets dropped bigly yesterday on the announcement of U.S. tariffs on Chinese goods, with China responding, essentially, that it is not afraid of a trade war. The Dow, down 300 points in pre-market trading yesterday on the news that President Trump’s announcement was coming, fell to more than -700 points once the other shoe dropped. […]
The markets dropped bigly yesterday on the announcement of U.S. tariffs on Chinese goods, with China responding, essentially, that it is not afraid of a trade war. The Dow, down 300 points in pre-market trading yesterday on the news that President Trump’s announcement was coming, fell to more than -700 points once the other shoe dropped. […]
Atlas Air Worldwide Holdings, Inc. AAWW has been struggling lately, but the selling pressure may be coming to an end soon. […]
Brooks Automation, Inc. BRKS may be a solid choice for technical investors, as the firm saw some good news with its moving average crossover. BRKS just saw its 50 Day Moving Average break out above its 200 Day Simple Moving Average, meaning that there could be some short-term bullishness for the stock. […]
Are you a technical investor? If so, it may be time to consider Ciena Corporation CIEN for your portfolio. […]
Galaxy Entertainment Group and Wynn Resorts Limited Announce Investment PR Newswire HONG KONG and LAS VEGAS, March 23, 2018 Additional agreements result in sale of Steve Wynn’s remaining holdings in Wynn Resorts HONG KONG and LAS VEGAS , March 23, 2018 /PRNewswire/ — Galaxy Entertainment Group (HKEx stock code: 27) and Wynn Resorts, Limited (NASDAQ: WYNN) today announced that Galaxy Entertainment has agreed to purchase 5.3 million primary shares of Wynn Resorts at a price of $175 a share, resulting in $927,500,000 of gross proceeds to Wynn Resorts. Galaxy Entertainment Group Vice Chairman Francis Lui said, “This is a unique opportunity to acquire an investment in a globally recognized entertainment corporation with exceptionally high quality assets and a significant development pipeline.” “It is an honor to have such a distinguished company as Galaxy Entertainment as a shareholder which shares many of the same core operating philosophies and values,” said Wynn Resorts CEO Matt Maddox . In addition, two long-term institutional investors, both of whom are currently investors in Wynn Resorts, have agreed to purchase the remaining eight million shares held by founder and former Wynn Resorts CEO Steve Wynn , thus demonstrating their confidence in the long-term strength of the company. […]
Swedish Match Acquires Oliver Twist PR Newswire STOCKHOLM, March 23, 2018 STOCKHOLM , March 23, 2018 /PRNewswire/ — Swedish Match acquires House of Oliver Twist A/S, a privately held Danish smokeless tobacco company, headquartered in Odense, Denmark . House of Oliver Twist A/S has over 200 years of history and is Denmark’s oldest independent tobacco manufacturer. The company develops, produces and sells chewing tobacco bits made of processed tobacco strands under the brand Oliver Twist . […]
GoPro, Inc. GPRO recently announced a global, equipment license and multi-year technology agreement with Jabil Inc. JBL . […]
DXP Enterprises, Inc. DXPE reported impressive bottom-line results for fourth-quarter 2017. Since the release on Mar 20, 2018, its shares have rallied 26.6%. […]
Celanese Corporation CE will raise the list and off-list selling prices of an acetyl intermediates product, vinyl acetate monomer. The price hike will be effective immediately or as contracts permit. The company will increase the price of vinyl acetate monomer by ¥200/MT in China and $50/MT in Asia outside China, respectively. […]
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value? One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process […]
BlackBerry Limited BB is slated to release fourth-quarter fiscal 2018 results on Mar 28, before the market opens. Last quarter, the company delivered a positive earnings surprise of 400%. Its earnings per share (excluding 55 cents from non-recurring items) of 3 cents compared favorably with the Zacks Consensus Estimate of a loss of a penny. […]
Kennedy Wilson KW has announced a $250-million share repurchase program as part of its effort to return value to shareholders. The company intends to fund this move with the proceeds from disposition of non-core assets in future. Particularly, this global real estate investment company plans to complete the repurchase program within one and a half year and make the share buybacks in the open market, privately negotiated deals, through the net settlement of its restricted stock grants or otherwise […]
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