Month: March 2018

During the last earnings season, performance of the financial stocks was decent. One such investment bank — TD Ameritrade Holding Corporation AMTD — has rallied 11.9% quarter to date, significantly outperforming the industry ’s slight gain of 1.1%. This price performance is backed by the gradually improving operating environment and rate hike scenario, which is beneficial for brokerage business […]

Conn's, Inc. CONN is slated to release fourth-quarter fiscal 2018 results on Apr 5. The company has posted earnings beat for six straight quarters now, with an impressive trailing four-quarter average of 493.2%. […]

The U.S. defense contractor, CACI International Inc CACI has decided to withdraw its previously announced offer to acquire all outstanding shares of CSRA Inc. CSRA for $44 per share in cash and stock. […]

Supported by a solid balance sheet, Ameriprise Financial, Inc. AMP is well positioned for organic as well as inorganic growth. […]

Itron, Inc. ITRI recently partnered with a leading provider of intelligent residential energy storage systems, sonnen group to maximize grid efficiency. The collaboration will allow both utilities to effectively control and manage their stored energy resources […]

Shares of Celgene Corporation CELG moved up 3% after the company announced a development and co-promotion agreement with bluebird bio, Inc. BLUE . […]

Tallgrass Energy GP, LP TEGP announced plans to merge with Tallgrass Energy Partners TEP . For the acquisition to take place, Tallgrass Energy GP is expected to purchase 47.6 million common units of its master limited partnership — Tallgrass Energy Partners. […]

Constellation Brands Inc. STZ delivered robust fourth-quarter fiscal 2018 results, wherein both the top and bottom line topped estimates and improved year over year. Notably, this marked the 14th consecutive quarter of earnings beat for the company. […]

Primoris Services Corporation PRIM recently entered into a definitive merger agreement to acquire Willbros Group, Inc. WG — a specialty energy infrastructure contractor — for an enterprise value of about $100 million. The buyout will strengthen Primoris’ business and boost revenues as well as profitability […]

On Mar 27, 2018, we issued an updated research report on ResMed Inc. RMD . […]

American Water Works Company Inc . AWK announced that its subsidiary — Illinois American Water — has completed the acquisition of the Village of Fisher’s water and wastewater systems for $6.8 million. The acquisition has resulted in the addition of 850 new water and wastewater customers to the company’s existing customer base. […]

On Mar 29, Vale S.A. VALE was downgraded by a notch to a Zacks Rank #3 (Hold). Going by the Zacks model, companies holding a Zacks Rank #3 have chances of performing in line with the broader market in the next one to three months […]

It seems to be a wise idea to add Carolina Financial Corporation CARO stock to your portfolio now, given its underlying strength and good growth prospects. Moreover, the company’s Zacks Consensus Estimate for the current-year earnings has been revised 5.6% upward over the last 30 days, reflecting analysts’ optimism regarding its earnings growth potential. As a result, the stock currently carries a Zacks Rank #2 (Buy) […]

Mack-Cali Realty Corporation ’s CLI subsidiary, Roseland Residential Trust, has initiated the leasing for its new luxury rental community, Signature Place. It boasts 197 newly-constructed apartments and is situated in Morris Plains, NJ. […]