Month: April 2018

After a stellar ride, the technology sector witnessed wild swings in March thanks to the decline in FANG stocks and other high-technology names. The tech onslaught stemmed from a slew of negative news from some of the key companies in the space. Behind The Plunge The initial panic was created by Facebook FB after the data breach report that sparked concerns about data privacy and security, and will likely lead to increased scrutiny and possible regulatory pressure […]

Amgen Inc. AMGN announced that the FDA has granted accelerated approval for a new indication of leukemia drug, Blincyto. With the FDA approving the latest supplemental biologics license application (sBLA), Blincyto’s label is expanded to include treatment of patients with minimal residual disease (MRD)-positive B-cell precursor acute lymphoblastic leukemia (“ALL”) […]

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? […]

Barclays BCS became the latest global bank to settle a lawsuit with the U.S. Department of Justice (DOJ) related to the sale of residential mortgage backed securities (RMBS). The company, without admitting or denying any wrongdoing, has agreed to pay £1.42 billion ($2 billion) in penalties to resolve allegations over its role in the sale of subprime mortgage and the subsequent financial crisis […]

The Boeing Company BA recently won a contract for providing long-lead non-recurring engineering to develop a baseline configuration for the production and delivery of 22 F/A-18E and 6 F/A-18F Super Hornets. These services will be rendered to the government of Kuwait. […]

Snap Inc. SNAP reportedly announced its plans to terminate around 100 employees from its sales and advertising team within a month of downsizing the engineering team by almost 100 people. Notably, this is the third lay-off in 2018. […]

Walmart Inc. WMT has clearly emerged as the biggest contender, when it comes to taking new initiatives to strengthen its foothold against Amazon AMZN . […]

U.S. Labor Department’s weekly jobless claims data for the week ended Mar 24 provides fresh evidence that the labor market remains robust. […]

Investors Real Estate Trust IRET — better known as IRET — recently announced the acquisition of a multifamily property named Westend in Denver, CO. The company shelled out $128.7 million for purchasing this community which was constructed in 2015 and has 390 homes. Advantageously located in downtown Denver on 11.6 acres, Westend is next to Denver's downtown park system along the Platte River […]

China is avenging President Donald Trump’s tariffs worth $60 billion on steel, aluminum and other products by imposing import duties on as many as 128 U.S. items including agricultural products, pork and fruits. […]

Pfizer Inc. PFE announced that a phase III study evaluating its pipeline candidate tafamidis for the treatment of transthyretin cardiomyopathy (TTR-CM) met its primary endpoint. Top line data from the ATTR-ACT study showed that treatment with tafamidis led to a statistically significant reduction in the combination of all-cause mortality and frequency of cardiovascular-related hospitalizations – the primary endpoint – compared with the placebo at 30 months. […]

Monsanto Company MON is slated to report second-quarter 2018 fiscal (ended February 2018) results on Apr 5, before the market opens. The company pulled off an impressive average positive earnings surprise of 46.76% over the preceding four quarters. In first-quarter fiscal 2018, its adjusted earnings of 41 cents per share outpaced the Zacks Consensus Estimate of 38 cents. […]

Unit Corporation UNT , a diversified energy company, is set to divest 50% of its interest in its natural gas processing wholly-owned subsidiary, Superior Pipeline Co. LLC for a total consideration of $300 million. The pipeline company operates three natural gas treatment plants, 13 processing plants and 22 gathering systems. […]

ExxonMobil Corporation XOM won eight additional exploration blocks during Brazil’s 15th bid round. The oil major will operate six of the newly-awarded blocks. With the latest awards, ExxonMobil raised its holdings in Brazil’s pre-salt basins by about 640,000 net acres. […]