JPMorgan Chase & Co. JPM has rolled out its digital-only bank — Finn by Chase — to consumers nationwide to fulfil their everyday banking needs through smartphones. In October 2017, JPMorgan had first launched the mobile app in St. […]
Lindsay Corporation LNN delivered third-quarter fiscal 2018 (ended May 31, 2018) adjusted earnings of $1.66 per share, surpassing the Zacks Consensus Estimate of $1.39. Including the Foundation for Growth initiative, earnings in the quarter came in at 96 cents, down 6% from $1.02 reported in the year-ago quarter. The irrigation equipment manufacturer reported revenues of $170 million, up 12% year over year. […]
International Business Machines Corporation IBM recently entered into an infrastructure outsourcing deal with Denmark-based KMD. The contract value is estimated around $320 million. […]
U.S. trucking industry has been witnessing significant demand in 2018. […]
Model N Inc. MODN has been gaining solid momentum and even scaled 6.4%, yesterday. […]
Ciena Corporation ’s CIEN converged packet optical solutions has been selected by Sify Technologies Limited SIFY . Notably, Ciena’s solutions will help Sify meet increasing customer demand apart from offering enhanced support for increasing data volumes, cloud-based services, the Internet of Things (IoT) and Big Data analytics. The deployment of Ciena’s WaveLogic Ai technology will enable Sify to scale its network capacity from 100G to 400G […]
Investors in CBL & Associates Properties, Inc CBL need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 20, 2018 $6 Put had some of the highest implied volatility of all equity options today. […]
One stock that might be an intriguing choice for investors right now is Restoration Hardware Holdings Inc. RH . […]
One stock that might be an intriguing choice for investors right now is Domtar Corporation UFS . This is because this security in the Paper and Related Products space is seeing solid earnings estimate revision activity and is in great company from a Zacks Industry Rank perspective. […]
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. […]
McCormick & Company, Incorporated MKC was a big mover last session, as the company saw its shares rise more than 8% 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 $100.51 to $106.86 in the past one-month time frame. […]
One stock that might be an intriguing choice for investors right now is At Home Group Inc. HOME . This is because this security in the Retail – Home Furnishings space is seeing solid earnings estimate revision activity and is in great company from a Zacks Industry Rank perspective. […]
Accenture plc ACN was a big mover last session, as the company saw its shares rise nearly 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 $155.34 to $163.48 in the past one-month time frame. […]
Investors in TransEnterix, Inc. TRXC need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 20, 2018 $5.00 Put had some of the highest implied volatility of all equity options today. […]
Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio. One such stock that you may want to consider dropping is Wyndham Destinations, Inc. […]
Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio. One such stock that you may want to consider dropping is Despegar.com, Corp. […]
Genstar Capital Announces Agreement to Sell Power Products’ Global Marine and Mobile Business to Brunswick Corporation PR Newswire SAN FRANCISCO, June 29, 2018 SAN FRANCISCO , June 29, 2018 /PRNewswire/ — Genstar Capital, a leading private equity firm focused on investments in targeted segments of the industrial technology, healthcare, financial services, and software industries, today announced the signing of a definitive agreement to sell the Global Marine and Mobile division of portfolio company Power Products, to Brunswick Corporation (NYSE: BC) for $910 million in cash. The Electrical Construction & Maintenance (ECM) business is excluded from the sale and upon completion of the transaction, Genstar will continue to own the ECM business, which consists of a portfolio of leading brands serving the electrical maintenance and repair, lighting and irrigation markets. Brands include Gardner Bender, Sperry Instruments, Bergen Industries, and King Innovation. […]
Castellum Acquires Property for € 81 Million in Helsinki PR Newswire GÖTEBORG, Sweden, June 29, 2018 GÖTEBORG, Sweden , June 29, 2018 /PRNewswire/ — Castellum, one of Sweden’s largest real estate companies, has acquired a substantial property in central Helsinki , thereby establishing itself as a major player in a new attractive market. Castellum is acquiring the Salmisaarenaukio 1 building, in the Ruoholahti office-block area of Helsinki . The building comprises approx. […]
Ascent Resources, LLC Announces Multiple Utica Acquisitions And Successful Capital Raise PR Newswire OKLAHOMA CITY, June 29, 2018 OKLAHOMA CITY , June 29, 2018 /PRNewswire/ — Ascent Resources, LLC (together with its subsidiaries, the “Company”) announced today that it has entered into definitive agreements to acquire certain natural gas and oil properties from Hess Corporation, CNX Resources, Utica Minerals Development, and a fourth undisclosed seller (together, the “Acquisitions”) for a combined purchase price of approximately $1.5 billion . The Acquisitions are expected to close in the third quarter of 2018, and will be funded with a combination of at least $965 million in common equity of the Company and no more than $535 million of borrowings under the Company’s revolving credit facility. Acquisition Highlights (cumulative for all transactions contemplated) : Approximately 113,400 net leasehold acres, and royalty interests on approximately 69,400 fee mineral acres, spanning all three hydrocarbon windows in the over-pressured core of the Utica Shale 93 operated wells and net production of approximately 216 MMcfe/d (19% liquids) More than 380 gross incremental horizontal well locations and an increased working interest in more than 900 gross horizontal well locations Proved reserves and total resources of approximately 1.1 Tcfe and 5.6 Tcfe, respectively, with meaningful upside achievable through development optimization Complements existing assets, supports extended lateral lengths, further improves capital efficiency and increases the Company’s exposure to liquids Jeff Fisher , Ascent’s Chairman and Chief Executive Officer, commented “The combination of these accretive bolt-on acquisitions is a milestone for the Company and has been made possible by our outstanding operational success in the Utica Shale […]
The steel industry has staged a recovery supported by a cyclical upturn in steel demand on the back of strong economic momentum in advanced and developing economies and strength across automobile and construction sectors — two major end-use markets. Steel makers are also gaining from a recovery in steel prices. […]
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