Month: June 2018

We are positive on Allegheny Technologies Incorporated ’s ATI prospects and believe that the time is right for you to buy the stock as it looks promising and is poised to continue the momentum. Let’s delve deeper into the factors that make this Zacks Rank #2 (Buy) stock an attractive investment option. […]

NextEra Energy, Inc . NEE hit a new 52-week high of $168.65 before closing the session a bit lower at $168.08 on Jun 27. […]

Agilent Technologies, Inc. A recently announced that it is set to bolster its foothold in the logistics space. The company has opened a new logistics center in Shanghai, China for timely delivery of consumables and service parts in China. […]

Bank stocks have been under the spotlight since the Presidential election results in November 2016. Several favorable developments including higher interest rates, easing of stringent banking regulations and lower tax rates are likely to continue having a positive impact on banks’ financial performance. Also, the domestic economy, on which banks are primarily dependent, has been showing signs of improvement with rise in GDP numbers, increasing consumer spending and unemployment rate remaining at historically low levels. […]

On Jun 27, U.S. crude price touched their highest level in nearly four years fueled by renewed fear of a global oil shortage in the second half of 2018. […]

Worthington Industries, Inc. WOR reported weaker-than-expected bottom-line results for the fourth quarter of fiscal 2018 (ended May 31, 2018). […]

Simon Property Group, Inc. SPG announced that it will expand the Happy Returns services available at its malls to several other locations. This will enable an increasing number of customers to return purchases made online at malls where Simon Guest Services is available. […]

The Boeing Company BA recently secured a contract for the production and delivery of 22 F/A-18E and six F/A-18F Super Hornets to support the government of Kuwait. Work related to the deal is scheduled to be over by January 2021. Valued at $1.5 billion, the contract was awarded by the Naval Air Systems Command, Patuxent River, Maryland. […]

Carlisle Companies Incorporated CSL ) has managed to impress investors with its recent earnings streak, with the bottom line surpassing the Zacks Consensus Estimates in the trailing four quarters. We expect the company to continue with this momentum backed by healthy prospect in U.S. commercial construction market andimproving Interconnect Technologies business […]

The fastest-growing economy of the European Union is set scale new heights. Touted to grow five times as much as Northern Ireland, the Republic of Ireland has gone from strength to strength in the past few years. […]

After the European Union (EU) announced that from Jun 22 import tariffs of more than $3.2 billion will be levied on a variety of American products, Trump retaliated with auto tariffs. On Jun 22, the American President threatened to levy a tariff of 20% on cars and other automobiles imported from EU countries. With the President giving warnings of raising import tariffs on foreign-made cars, the Alliance of Automobile Manufacturers, a trade group of mostly U.S […]

Conagra Brands, Inc. CAG , which delivered better-then-expected results for fourth-quarter fiscal 2018, announced a final deal to acquire all shares of Pinnacle Foods Inc. PF for nearly $10.9 billion. […]

Amgen, Inc . AMGN announced positive top-line results from a late-stage study evaluating the safety and efficacy of ABP 710, its biosimilar version of J&J JNJ /Merck’s MRK Remicade, compared to the reference product for the treatment of moderate-to-severe rheumatoid arthritis (RA). […]

In the last five trading days, telecom stocks declined initially but recovered steeply thereafter, only to partially lose ground later in the week due to the still looming trade war fears with China. The on-again off-again trade war between the United States and China continued to keep the stocks in hot water as both the warring nations vowed to impose tariffs and retaliatory tariffs on each other. The issue got even murkier as other European Union nations as well as allied countries like India and Canada decided to join in the fray and impose counter tariffs against the United States […]