Economic Data

Walgreens Stumbles onto Dow, Futures Down

Thursday, June 28, 2018 Market futures are again pointing lower ahead of the opening bell, though not precipitously. General indigestion regarding trade tensions persist, though at this hour we’re not seeing anything to pitch stocks significantly in either direction, with the possible exception of an inauspicious debut of Walgreens Boots Alliance WBA to the Dow Jones Industrial Average. […]

Economic Data

WBA Enters The Dow, Q1 GDP Disappoints

Market futures are again pointing lower ahead of the opening bell, though not precipitously. General indigestion regarding trade tensions persist, though at this hour we’re not seeing anything to pitch stocks significantly in either direction, with the possible exception of an inauspicious debut of Walgreens Boots Alliance WBA to the Dow Jones Industrial Average. New Initial Jobless Claims hit the tape as they do every Thursday morning, posting a headline of 227K following the previous week’s unrevised 218K. […]

Stock Analysts

Facebook (FB) Eyes Asian Market EPL Broadcasting Rights

Facebook FB is contending for broadcasting English Premier League (EPL) in Thailand, Cambodia, Laos and Vietnam, Bloomberg reports. The company is said to be competing with BeIN Sports for acquiring the three-year deal. The Qatar-based broadcaster has reportedly paid about $250 million for screening all 380 matches per season in the region under the three-year deal, adds Bloomberg […]

Stock Analysts

Jazz Pharmaceuticals’ sNDA for Xyrem Gets Priority Review

Jazz Pharmaceuticals plc JAZZ announced that the FDA has accepted the supplemental new drug application (sNDA) for narcolepsy drug, Xyrem. The sNDA is seeking label expansion of the drug for the treatment for cataplexy and excessive daytime sleepiness (“EDS”) in pediatric patients. The FDA has granted priority review to the sNDA and a decision is expected by Oct 27, 2018. […]

Stock Analysts

Why You Should Retain Torchmark (TMK) in Your Portfolio

Estimates for Torchmark Corporation TMK have been revised upward over the past 60 days, reflecting analysts’ confidence in the stock. The stock has seen the Zacks Consensus Estimate for 2018 earnings being raised 0.2% to $6.04. This provider of annuities, whole and term life insurance, accidental death insurance, health insurance, Medicare supplements and long-term healthcare policies carries a favorable VGM Score of B. […]

Stock Analysts

McCormick (MKC) Tops Q2 Earnings Estimates, Revenues Beat

McCormick & Company Inc . MKC posted solid second-quarter fiscal 2018 results, with earnings and revenues outpacing the Zacks Consensus Estimate, and improving year over year. The quarterly performance gained from the company’s effective product strategies leading to growth in the consumer business and flavor solutions segments […]

Stock Analysts

Qualcomm Partners Leading Firms to Develop Upgradeable IoT

Qualcomm Incorporated QCOM recently announced that it has signed a joint venture with Gizwits and Quectel to develop — Quectel BG36 — an Internet of Things (IoT) module that can run on 2G networks but is software upgradeable to narrowband IoT (NB-IoT) and LTE-M. Gizwits, a leading IoT developing firm, will provide IoT cloud services while cellular module supplier, Quectel, will manufacture the hardware. The LTE IoT modem will be supplied by Qualcomm Technologies (subsidiary of Qualcomm Incorporated), along with the wireless edge software platform […]

Stock Analysts

Here’s Why You Should Pick ConocoPhillips Stock Right Away

On Jun 26, ConocoPhillips COP was upgraded to a Zacks Rank #1 (Strong Buy). Factors of the Upgrade The Zacks Consensus Estimate for 2018 earnings per share has been revised upward from $3.83 to $4.11 over the last 30 days. The Zacks Consensus Estimate for 2019 earnings rose to $4.27 from $3.96 over the same time frame. […]

Stock Analysts

Logitech Recommends Marjorie Lao From LEGO for its Board

Logitech International LOGI recently announced that its board of directors (BOD) will seek shareholders’ approval to elect Marjorie Lao during the company’s annual general meeting (AGM) to be held on Sep 5 in Lausanne, Switzerland. Currently, Marjorie has been holding the position of chief financial officer in LEGO Group. Prior to this, she held leadership positions in companies like Cisco Systems CSCO , Procter & Gamble PG and McKinsey & Company […]