Month: July 2018

Technicals

Why Hess (HES) Stock Might be a Great Pick

July 6, 2018 0

One stock that might be an intriguing choice for investors right now is Hess Corporation HES . This is because this security in the Oil and Gas – Integrated – United States space is seeing solid earnings estimate revision activity and is in great company from a Zacks Industry Rank perspective. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. […]

Technicals

Why You Shouldn’t Bet Against QUALCOMM (QCOM) Stock

July 6, 2018 0

One stock that might be an intriguing choice for investors right now is QUALCOMM Incorporated QCOM . This is because this security in the Wireless Equipment space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. […]

Technicals

Leucadia National (JEF): An Off-the-Radar Potential Winner

July 6, 2018 0

It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. Before they take the plunge, others get to know the hidden potential and enter into these stocks, pushing them out of reach. So, instead of repenting, spotting the off-the-radar potential winners and immediately investing in them could be a smart decision […]

Technicals

AVX Corporation (AVX) in Focus: Stock Moves 8.9% Higher

July 6, 2018 0

AVX Corporation AVX was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $15.51 to $16.32 in the past one month time frame. […]

Mergers & Acquisitions

MGM Growth Properties Completes Acquisition of The Hard Rock Rocksino Northfield Park

July 6, 2018 0

MGM Growth Properties Completes Acquisition of The Hard Rock Rocksino Northfield Park PR Newswire LAS VEGAS, July 6, 2018 LAS VEGAS , July 6, 2018 /PRNewswire/ — MGM Growth Properties LLC (NYSE: MGP) today announced that it has completed the previously announced acquisition of the Hard Rock Rocksino Northfield Park (“Rocksino”) for approximately $1.06 billion from Milstein Entertainment LLC. MGP funded the acquisition with cash on hand and borrowings under its senior secured credit facility. “We are excited about the addition of the market leading Hard Rock Rocksino to our portfolio. […]

Mergers & Acquisitions

Marvell Technology Completes Acquisition of Cavium

July 6, 2018 0

Marvell Technology Completes Acquisition of Cavium PR Newswire SANTA CLARA, Calif., July 6, 2018 SANTA CLARA, Calif. , July 6, 2018 /PRNewswire/ — Marvell Technology Group Ltd. (NASDAQ: MRVL) today announced the completion of its acquisition of Cavium, Inc. […]

Stock Analysts

Mortgage Rates Dip to 3-Month Low: Top 4 Housing Picks

July 6, 2018 0

After increasing for most of the spring, mortgage rates dipped for the week ending Jul 5 to the lowest level since mid-April, renewing hope for would-be homebuyers. Notably, the cost of borrowing fell in five of the past six weeks. According to Freddie Mac , the average interest rate on a 30-year fixed-rate mortgage was 4.52% in the week ending Jul 5 compared with 4.55% in the week earlier […]

Stock Analysts

WFC vs. BAC: Which is the Better Bank Stock Before Earnings?

July 6, 2018 0

Key bank earnings scheduled for release in the next few weeks will likely provide a better understanding of the sector’s near-term prospects. The banks will focus on the Fed’s decision to increase its benchmark federal funds rate in June for the sixth time since 2015. Moreover, the Fed hinted at one more rate hike in the second half and stated that it is likely to increase rates three times instead of two in 2019. […]

Stock Analysts

Platform Specialty (PAH) Up 22% in 3 Months: Here’s Why

July 6, 2018 0

Shares of Platform Specialty Products Corporation PAH have rallied 22.4% in the past three months compared with the industry ’s rise of roughly 1.7%. The company has a market cap of roughly $3.3 billion and average volume of shares traded in the last three months was around 3,141.8K. It has an expected long-term earnings per share growth rate of 14.1% […]

Mergers & Acquisitions

JMC Capital Partners Announces Source Code’s Acquisition of Aberdeen Servers and Storage

July 6, 2018 0

JMC Capital Partners Announces Source Code’s Acquisition of Aberdeen Servers and Storage PR Newswire BOSTON, July 6, 2018 BOSTON , July 6, 2018 /PRNewswire/ — JMC Capital Partners (“JMC”) is pleased to announce that its portfolio company Source Code LLC (“Source Code”) has completed the acquisition of certain assets of Aberdeen Servers and Storage, based in Santa Fe Springs, CA. Headquartered in Waltham, MA , Source Code is a leader in the design and manufacture of dedicated servers for independent software developers, advanced artificial intelligence, and deep learning applications, and a leading provider of IT services. […]