Stock Analysts

Associated Banc-Corp Unit Closes Anderson Insurance Deal

Associated Banc-Corp ’s ASB subsidiary, Associated Benefits and Risk Consulting (“ABRC”) has closed yet another acquisition deal. It completed the buyout of Anderson Insurance & Investment Agency, Inc., a Minneapolis-based independent insurance agency. The financial terms of the transaction, announced in May 2018, were not disclosed. […]

Stock Analysts

Vornado (VNO) to Sell Stake in 666 Fifth Avenue to Kushner

Recently, Vornado Realty Trust VNO announced that it has agreed to sell 49.5% interests in the 666 Fifth Avenue Office Condominium to the company’s partner — the Kushner Companies. Notably, Vornado will continue to own the property’s retail arm — 666 Fifth Avenue Retail Condominium — which is leased to Tissot, Uniqlo and Hollister, and has 125 linear feet of frontage on Fifth Avenue at 53rd Street. […]

Stock Analysts

DXC Completes USPS Spin-Merger Transaction to Form Perspecta

Last week, DXC Technology Company DXC announced the completion of the much awaited spin-off of its U.S. Public Sector (USPS) business, and subsequently merging it with Vencore Holdings and KeyPoint Government Solutions. The newly-formed company has been named as Perspecta Inc., which started trading on the New York Stock Exchange from Jun 1, 2018, under the ticker symbol “PRSP.” Notably, the three aforementioned companies came together in October last year to form a publicly-traded IT service-providing company, primarily to the U.S. […]

Stock Analysts

Leading Automakers’ U.S. Sales in May Present a Mixed Bag

Auto sales continue to witness volatility. With changing consumers’ preference for relatively expensive pickup trucks, SUVs and crossovers over the less profitable (for the car makers) traditional sedans, the auto sector is now passing through an unprecedented transition. The pulls and push factors of this transition have resulted in volatile auto sales so far this year. […]

Economic Data

Your Move, Rest of the World

Monday, June 4, 2018 Following a week that delivered tons of economic data here in the States — most of it exceptionally positive, by the way — it’s now time to peer elsewhere to assess how new developments will be pushing markets going forward. Zacks Chief Strategist John Blank focuses his latest Global Week Ahead on the banking systems in the Eurozone. You can read all about it here: What of Deutsche Bank and Europe’s Other Banks? […]

Mergers & Acquisitions

FCP Acquires 264-Unit Apartment Community In Orlando, FL

FCP Acquires 264-Unit Apartment Community In Orlando, FL $23.6 Million Acquisition Marks 8th In Florida Over Past Two Years PR Newswire CHEVY CHASE, Md., June 4, 2018 CHEVY CHASE, Md. , June 4, 2018 /PRNewswire/ — FCP ℠ announces the $23.6 million acquisition of Royal Isles , a 264-unit, garden apartment community in Orlando, FL. […]

Mergers & Acquisitions

Vedanta Limited: Acquisition of Electrosteel Steels Limited

Vedanta Limited: Acquisition of Electrosteel Steels Limited PR Newswire MUMBAI, India, June 4, 2018 MUMBAI, India, June 4, 2018 /PRNewswire/ — Pursuant to the order dated May 30, 2018 of National Company Law Appellate Tribunal, Vedanta Limited is implementing the approved Resolution Plan for Electrosteel Steels Limited (” ESL “). Accordingly, Vedanta Star Limited ( ‘VSL’ ), a wholly owned subsidiary of our Company, has deposited the upfront amount of INR 5,320 crore in escrow account of ESL and June 4, 2018 has been determined to be the ‘Effective Date’ under the Resolution Plan. The Company has acquired control over ESL and a new board of directors has been put in place. […]

Technicals

Looking for a Growth Stock? Why It is Time to Focus on Momo (MOMO)

Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, they can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses. […]

Technicals

VMware (VMW) in Focus: Stock Moves 6.2% Higher

VMware, Inc. VMW was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $134.35 to $144.04 in the past one-month time frame. […]

Technicals

Avis Budget Group (CAR) Enters Oversold Territory

Avis Budget Group, Inc. CAR has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors, there is some hope when looking at CAR given that, according to its RSI reading of 29.21, it is now in oversold territory […]

Technicals

Is Western Digital (WDC) Outperforming Other Computer and Technology Stocks This Year?

Investors focused on the Computer and Technology space have likely heard of Western Digital (WDC), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. Western Digital is one of 631 companies in the Computer and Technology group. […]