Month: May 2018

Stock Analysts

Canadian Pacific Stock Up as Strike Ends, Inks 4-Year Deal

May 31, 2018 0

Per Bloomberg , Canadian Pacific Railway Limited CP has reached a tentative agreement with its labor union Teamsters, thus putting an end to the labor strike that began on Tuesday. Following this announcement, shares of the company rose 2.9% at the close of business on Mar 30. On the night of May 29, more than 3,000 locomotive engineers and conductors at Canadian Pacific, represented by Teamsters, went on a strike. […]

Stock Analysts

Will Softening of Volcker Rule Prove Beneficial for Banks?

May 31, 2018 0

On May 30, the Federal Reserve along with other key financial regulatory bodies took another step toward easing the stringent regulations related to the Volcker Rule imposed on banks post 2008-financial crisis. The three-member Federal Reserve Board unanimously approved the proposals aimed at simplifying and improving the Volcker Rule that prevents banks from engaging in certain types of speculative investments with a view to curb their risk-taking ability. The changes have been opened to a 60-day public comment period, post which, regulators will put it to final vote before the changes can take effect. […]

Mergers & Acquisitions

Oberto Brands Sale Closes, Secures Future Success

May 31, 2018 0

Oberto Brands Sale Closes, Secures Future Success 100-year-old company to retain headquarters in Kent, Wash. PR Newswire KENT, Wash., May 31, 2018 KENT, Wash. , May 31, 2018 /PRNewswire/ — Oberto Brands announced today that it has completed the sale of its assets and operating divisions to Premium Brands Holdings Corporation. […]

Mergers & Acquisitions

Connecticut Water Service Announces Amendment to Merger Agreement with SJW Group to Allow for Solicitation of Alternative Proposals

May 31, 2018 0

Connecticut Water Service Announces Amendment to Merger Agreement with SJW Group to Allow for Solicitation of Alternative Proposals Connecticut Water to Begin Soliciting Indications of Interest from Third Parties Public Process Will Allow Shareholders to Have Full Confidence in the Company’s Strategic Direction and Know that Every Viable Alternative Has Been Explored PR Newswire CLINTON, Conn., May 31, 2018 CLINTON, Conn. , May 31, 2018 /PRNewswire/ — Connecticut Water Service, Inc. […]

Technicals

Huntsman (HUN) Up 37% in a Year: What’s Behind the Rally?

May 31, 2018 0

Shares of Huntsman Corporation HUN have popped around 37% over the last year. The company has also outperformed its industry 's growth of roughly 10% over the same time frame. Huntsman, a Zacks Rank #3 (Hold) stock, has a market cap of roughly $7.7 billion and average volume of shares traded in the last three months is around 2,920.8K […]

Technicals

Dollar General (DG) Stock Slip as Q1 Earnings Miss Estimates

May 31, 2018 0

Dollar General Corporation DG , one of the largest discount retailers, came out with first-quarter fiscal 2018 results, wherein earnings of $1.36 missed the Zacks Consensus Estimate of $1.40 but improved 33.3% from the prior-year quarter. Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has increased by a penny in the last 30 days. […]

Mergers & Acquisitions

MassMutual International Completes Sale of 85.1% of MassMutual Japan to Nippon Life

May 31, 2018 0

MassMutual International Completes Sale of 85.1% of MassMutual Japan to Nippon Life PR Newswire TOKYO and SPRINGFIELD, Mass., May 31, 2018 TOKYO and SPRINGFIELD, Mass. , May 31, 2018 /PRNewswire/ — MassMutual International LLC (MassMutual International) – Massachusetts Mutual Life Insurance Company’s (MassMutual) international insurance holding company – and Nippon Life Insurance Co. (Nippon Life), Japan’s leading life insurer, today announced the completion of the sale of 85.1 percent of MassMutual Japan, MassMutual International’s wholly owned life insurance and wealth management affiliate, to Nippon Life […]

Mergers & Acquisitions

Leeds Equity Partners Announces Sale of Fulcrum Financial Data to Fitch Group

May 31, 2018 0

Leeds Equity Partners Announces Sale of Fulcrum Financial Data to Fitch Group Knowledge Industries focused private equity firm sells leading provider of global credit research, data analytics and news PR Newswire NEW YORK, May 31, 2018 NEW YORK , May 31, 2018 /PRNewswire/ — Leeds Equity Partners, LLC (“Leeds Equity”), the New York -based private equity fund focused exclusively on investing in the Knowledge Industries, announced today the sale of Fulcrum Financial Data, LLC (“Fulcrum” or the “Company”) to Fitch Group. The transaction is subject to regulatory approval and terms were not disclosed. Leeds Equity acquired Covenant Review in 2014 and made a series of strategic acquisitions to broaden the Company’s solution set […]

Mergers & Acquisitions

Wyndham Worldwide Completes Acquisition Of La Quinta Holdings

May 31, 2018 0

Wyndham Worldwide Completes Acquisition Of La Quinta Holdings Transaction Significantly Expands Wyndham Hotels & Resorts’ Midscale Presence and Hotel Network PR Newswire PARSIPPANY, N.J., May 31, 2018 PARSIPPANY, N.J. , May 31, 2018 /PRNewswire/ — Wyndham Worldwide Corporation (NYSE: WYN) today announced that its subsidiary, Wyndham Hotels & Resorts, has completed its previously announced acquisition of La Quinta Holdings’ hotel franchising and hotel management business. The addition of La Quinta’s over 900 franchised hotels with a total of nearly 89,000 rooms builds Wyndham Hotels & Resorts’ midscale presence and expands its reach further into the upper-midscale segment of the lodging industry. […]

Technicals

Moving Average Crossover Alert: Envision Healthcare Corporation (EVHC)

May 31, 2018 0

Envision Healthcare Corporation EVHC is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for EVHC broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend. This has already started to take place, as the stock has moved higher by 1.4% in the past four weeks. […]

Technicals

Can The Uptrend Continue for OncoCyte (OCX)?

May 31, 2018 0

Investors certainly have to be happy with OncoCyte Corporation OCX and its short term performance. After all, the stock has jumped by 36.6% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for OCX […]