Month: May 2018

Novartis NVS announced that its generic arm, Sandoz, obtained approval for Zessly, a biosimilar version of Johnson & Johnson JNJ ’s Remicade, in Europe. Zessly is approved for use in all indications of the branded drug including rheumatoid arthritis, adult Crohn's disease, pediatric Crohn's disease, adult ulcerative colitis, pediatric ulcerative colitis, ankylosing spondylitis, psoriatic arthritis and plaque psoriasis. The approval from the European Commission is based on review of a comprehensive development program, including analytical, preclinical and clinical data, which confirmed Zessly matching Remicade in terms of safety, efficacy and quality […]

Avis Budget Group, Inc. CAR has rallied a massive 91.9% over the past year, significantly outperforming the 7.6% increase of the industry it belongs to. The company’s focus on widening its global network and coverage, and enhancing technology to improve its offerings is commendable. […]

Apple AAPL shares moved up and down over the past week, as investors continued to blow hot and cold about its prospects. But the Zacks methodology places it at a solid Hold right now, as indicated by the Zacks Rank #3. Buying opportunities in technology instead include Salesforce CRM , Upland Software UPLD and NVIDIA Corp NVDA . […]

Medtronic plc MDT reported fourth-quarter fiscal 2018 adjusted earnings per share (EPS) of $1.42, beating the Zacks Consensus Estimate by 2.9%. Adjusted Earnings rose 6.8% year over year. Adjustments in the quarter primarily included the impact of restructuring charges, intangible asset amortization, debt redemption premium and acquisition-related items. […]

Allscripts Healthcare Solutions MDRX recently partnered with Singapore’s largest public healthcare group, SingHealth, with a view to implement iPro Anesthesia. iPro Anesthesia is a cloud-based, mobile Anesthesia Information Management System (AIMS) designed by practicing anesthesiologists to produce a complete, compliant and legible anesthesia record. Its multi-modular platform is designed to fit the needs of any hospital size or specialty center […]

Best Buy Company, Inc. BBY started fiscal 2019 on an upbeat note, with both the top and the bottom line not only surpassing the Zacks Consensus Estimate for the second straight quarter but also growing year over year. This consumer electronics retailer posted first-quarter adjusted earnings per share of 82 cents, surpassing the Zacks Consensus Estimate of 75 cents […]

HP Inc. HPQ is set to report second-quarter fiscal 2018 results on May 29. The question lingering in investors’ minds is whether or not the leading global PC manufacturer will be able to post a positive earnings surprise in the quarter. […]

McKesson MCK reported fourth-quarter fiscal 2018 earnings of $3.49 per share, missing the Zacks Consensus Estimate of $3.54. Earnings, however, improved from the year-ago quarter’s figure by 2.3%. McKesson posted sales of $51.63 billion, marginally missing the Zacks Consensus Estimate of $51.64 billion and up 4% at constant currency (cc). […]

American Water Works AWK announced that its unit, Illinois American Water, is presently working to refurbish the 75,000-gallon elevated water storage tank in the Village of Ransom. The tank was pressed into operation nearly three decades ago and needed repair. The company acquired the Village of Ransom water system in 2016 […]

TELUS Corporation TU has announced plans to speed up network services in Lower North Shore and promote development in certain regions of Quebec. The Canadian telecommunications service provider is planning to build Internet Protocol transport infrastructure and add LTE cell towers in Lower North Shore with the help of the federal government’s Connect to Innovate program and the government of Quebec’s Société du Plan Nord. TELUS is committed toward offering the best technology to its clients […]

Meat and food products company, Hormel Foods Corporation HRL , reported weaker-than-expected results for second-quarter fiscal 2018 (ended April 2018). Earnings/Revenues Adjusted earnings in the reported quarter came in at 44 cents per share, missing the Zacks Consensus Estimate by a penny. […]

Canadian Imperial Bank of Commerce ’s CM second-quarter fiscal 2018 (ended Apr 30) adjusted earnings per share came in at C$2.95, increasing from C$2.64 in the prior-year quarter. Shares of Canadian Imperial declined 1.9% on the NYSE, perhaps owing to the dismal mortgage origination outlook. The company expects mortgage originations to plunge around 50% in the second half of fiscal 2018, due to the implementation of stringent lending rules […]

When value or growth investing fails to fetch sustained profits, one should explore another time-tested winning strategy that simply bets on the frontrunner stocks. Translated, one of the most successful strategies today is to get in on momentum stocks at the right time. […]

Agilent Technologies A has entered into a definitive agreement to acquire assets from Young In Scientific (YI Scientific), a South Korean company which distributes analytical instruments, solutions and services. Further, YI Scientific has been the distributor of Agilent’s products and services in South Korea. […]