Month: June 2018

After delivering negative earnings surprise for two consecutive quarters, Kirkland's, Inc. KIRK surprised investors with first-quarter fiscal 2018 results. […]

Per Statistics Canada reports, the Canadian economy grew at a 1.3% annualized pace in the January-March 2018 period. The region’s GDP growth fell shy of economists’ expectations of 1.8% growth. Plant shutdowns in the auto sector and disruptions to pipeline operations in the energy sector, temporarily restrained the goods sector output and exports played the spoil sport for the first quarter […]

Harris Corporation HRS recently secured a five-year contract from the U.S. Air Force worth $130 million. Per the contract, the company will manufacture Hand Held Video Data Link (HH-VDL) radios to improve situational awareness and connectivity for warfighters. […]

Over the last four trading days, banking stocks put up a lackluster show. Soft trading revenue outlook provided by some of the major banks hints at a bleak Q2 earnings picture. […]

Madrigal Pharmaceuticals, Inc .’s MDGL shares skyrocketed 145% yesterday on encouraging top-line data from a phase II study evaluating its thyroid hormone receptor beta-selective agonist, MGL-3196, in non-alcoholic steatohepatitis (“NASH”). The candidate demonstrated sustained reduction in liver fat of 30% or more over nine months. […]

Extra Space Storage Inc. EXR , along with its operating partnership subsidiary, has entered into a Note Purchase Agreement with various investors, for a private placement of 4.39% senior unsecured notes worth $300 million, to be issued by the operating partnership. The notes, subject to the fulfillment of customary closing conditions, are expected to be issued on Jul 17, 2018. […]

On May 30, we issued an updated research report on Illumina, Inc. ILMN , a Zacks Rank #3 (Hold) stock. The company’s market opportunities continue to expand owing to accelerated demand from clinical and translational customers. […]

Assurant, Inc . AIZ acquired The Warranty Group from TPG Capital for an enterprise value of about $2.5 billion. […]

Southwest Airlines Co . LUV has announced several new domestic and international services. […]

China Life Insurance Co. Ltd. […]

Oclaro, Inc. OCLR and Acacia Communications, Inc. […]

Wyndham Worldwide Corporation ’s WYN subsidiary, Wyndham Hotels & Resorts, has completed the buyout of La Quinta Holdings' hotel franchising and hotel management business. The acquisition will help Wyndham to significantly improve its hotel management business and strengthen its brand presence globally. La Quinta has an asset-light, fee-for-service business structure, which consists of nearly 900 managed and franchised hotels […]

The Goodyear Tire & Rubber Company GT is expanding its worldwide innovation network to include Ann Arbor, MI-based Mcity. The Akron, OH-based company will carry out tests with electric and autonomous vehicles at Mcity Test Facility. […]

On May 31, we initiated coverage on Old Dominion Freight Line, Inc. ODFL . The trucking company primarily offers less-than-truckload (LTL) services on a regional, inter-regional and national basis […]

Ericsson ERIC recently announced that it has inked a credit facility agreement of €250 million with European Investment Bank, to finance its R&D activities in the 5G network field. This deal marks the second big step in the company’s intensive 5G endeavors in the past week, following the unveiling of new headquarters in Hungary, dedicated to the same purpose. A Win-Win Deal According to the agreement, the debt maturity profile will extend five years post disbursement […]