Stock Analysts

Campbell Stock Gains 9%: Is Takeover by Kraft Heinz Likely?

Shares of Campbell Soup Company CPB rallied 9.4% yesterday on hearsay of a possible takeover by The Kraft Heinz Company KHC . While both companies remained silent, sources revealed that Kraft Heinz looks keenly interested in buying Campbell Soup, which has been struggling with its soups and C-Fresh businesses for quite some time. These headwinds have been hurting Campbell’s top line for more than a year now, as a result of which this Zacks Rank #5 (Strong Sell) stock has tumbled 17.7% in a year, wider than the industry ’s decline of 7.3% […]

Stock Analysts

Here’s Why You Should Add Alleghany (Y) to Your Portfolio

Alleghany Corporation Y has built a reputation in the market as a property and casualty (P&C) insurer, engaged in insurance and reinsurance businesses and holding an excellent record in catering to its clients’ diverse needs. Over the years, the customers have gained a lot from the company’s compelling suite of varied insurance products and services. By retaining this favorable buzz among brokers, this Zacks Rank #1 (Strong Buy) P&C insurer consistently emerges stronger over time and is well poised to retain its purple patch in the near future […]

Stock Analysts

Accenture’s (ACN) Q3 Earnings to Reflect Top-Line Strength

Shares of Accenture plc ACN have gained 27.8% over the past year, significantly outperforming the S&P 500’s rally of 14.4%. The company is set to report third-quarter fiscal 2018 results on Jun 28 before the bell. We expect Accenture to perform well in the to-be-reported quarter backed by strength across all the segments and solid bookings. […]

Economic Data

GE Leaves Dow, Trades Up 6.5%; Plus Housing News

Tuesday, June 26, 2018 Shares of U.S. industrial giant General Electric GE , Thomas Edison’s old company, are trading up higher than 6.5% in today’s pre-market on new headlines that the long-beleaguered firm will be spinning off its healthcare business and exiting its position on oil & gas company Baker Hughes BHGE over the next 2-3 years, reducing its considerable debt by $25 billion in the process. […]

Economic Data

WBA Replaces GE In The Dow

Shares of U.S. industrial giant General Electric GE , Thomas Edison’s old company, are trading up higher than 6.5% in today’s pre-market on new headlines that the long-beleaguered firm will be spinning off its healthcare business and exiting its position on oil & gas company Baker Hughes BHGE over the next 2-3 years, reducing its considerable debt by $25 billion in the process. […]

Mergers & Acquisitions

Hola Nola Foods acquires maker of Plocky’s Snack Chips

Hola Nola Foods acquires maker of Plocky’s Snack Chips PR Newswire NEW ORLEANS, June 26, 2018 NEW ORLEANS , June 26, 2018 /PRNewswire/ — Hola Nola Foods www.holanolafoods.com has acquired the assets of NatureStar Foods, makers of Plocky’s www.plockys.com brand Hummus Chips and Tortilla Chips. “We are excited about adding the Plocky’s brand and products to our growing snack food lineup,” said Kevin Holden , President of Hola Nola Foods. “Plocky’s award winning Hummus Chips and Tortilla Chips, geographic footprint and customer relationships are a great fit and we look forward to continuing to expand this unique healthy snack brand.” “After 30 years building the Plocky’s snack brand, I began looking for a company that could not only continue the brand but expand it beyond the Midwest […]

Mergers & Acquisitions

ALLIANCE MEDICAL COMPLETES THE PURCHASE OF PIRAMAL IMAGING

ALLIANCE MEDICAL COMPLETES THE PURCHASE OF PIRAMAL IMAGING PR Newswire LONDON, June 26, 2018 LONDON , June 26, 2018 /PRNewswire-iReach/ — We are pleased to announce that Alliance Medical Group (“AMG”) has reached an agreement to acquire all businesses associated with Piramal Imaging SA, including its subsidiaries Piramal Imaging Ltd, Piramal Imaging GmbH (“Piramal Imaging”) and the US business. AMG, a member of the Life Healthcare Group, is recognized as a valued partner for health systems providing essential and affordable diagnostic imaging services along with the manufacture and distribution of radiopharmaceutical products with a vision to be a market leading, internationally diversified healthcare provider focused on delivering sustainable, high quality and cost effective healthcare. […]

Technicals

RMP vs. PXD: Which Stock Is the Better Value Option?

Investors looking for stocks in the Oil and Gas – Exploration and Production – United States sector might want to consider either Rice Midstream Partners (RMP) or Pioneer Natural Resources (PXD). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look […]