Year: 2018

Broadcom AVGO recently introduced a couple of storage area network (“SAN”)-based management software platforms, namely Brocade SANnav Global View and Brocade SANnav Management Portal. The latest SAN management platforms offer enhanced visibility, thereby accelerating workloads (automating processes as required) in real time. The SAN users can benefit from high performance which streamlines business processes, enabling them to improve productivity. […]

It has been a turbulent year for markets, with all major indexes erasing almost all their gains for 2018. A host of factors including U.S.-China trade war, rising interest rates, concerns over slowing global economic growth and other geopolitical tensions have been taking a toll on stocks. […]

Synchrony Financial SYF has announced about its new long-term agreement to strengthen its consumer financing and credit relationship with Qurate Retail Group, a leading company in social, video and digital commerce. In August 2019, Qurate Retail’s $2.3-billion interactive multi-channel retailer, HSN, elected Synchrony to be the provider of private label credit card services. HSN is going to replace its present financing provider with Synchrony, which is known to provide enriched customer experience and data insights. […]

Chart Industries, Inc. GTLS recently concluded the divestment of its oxygen-related products business — CAIRE Medical — to NGK SPARK PLUG CO., LTD. for $133.5 million. […]

Year 2018 so far has been difficult for companies engaged in providing industrial equipment and services; metal fabrication; machinery; products made from textiles, rubber or plastics; and pollution control solutions. The Zacks Industrial Products sector — which includes such industrial stocks — seems to have lost its sheen in the year. Troubling Year for Industrial Products Collectively, the average share price of the constituent companies of the Industrial Products sector has declined 22.8% year to date against 25% growth recorded in 2017. […]

Daimler AG DDAIF is considering joining forces with BMW AG BAMXF to develop key automotive components, per Bloomberg. If the plan materializes, these two German automakers are anticipated to explore the areas of sharing batteries and autonomous-car technology along with vehicle platforms. […]

Darden Restaurants, Inc. DRI banks on major top-line building initiatives and cost-cutting measures to drive growth. Further, the acquisition of Cheddar’s added an undisputed value to the company’s portfolio of differentiated brands […]

Cigna Corporation CI completed the pending merger with Express Scripts Holding Company (“Express Scripts”), effective Dec 20, 2018. With this deal, the combined organization is likely to provide enriched and affordable care to their customers. […]

The U.S. stock market tumbled with the Nasdaq Composite Index briefly slipping into the bear territory on Dec 20. […]

A big reason for choosing for-profit education stocks is evolving industry prospects on the much-needed regulatory support from the Trump administration. The sector, which peaked in 2010 and bottomed in 2013, is now in an upcycle. For-profit education stocks took a battering during the Obama era. […]

In a bid to bolster its Haynesville acreage, Comstock Resources Inc. CRK recently inked a deal to acquire Shelby Shale, LLC’s 88% interest in around 6,000 net acres in the region. The deal is valued at $20.5 million, with Comstock paying the purchase price over a period of four years by granting Shelby a 12% interest in each well drilled on the acreage. […]

So far in 2018, the U.S. staffing industry has benefited from promising developments in the broader economy. Trump administration’s business-friendly approach, including tax cuts and higher government have been driving growth of the economy. […]

Cintas Corporation CTAS reported better-than-expected second-quarter fiscal 2019 (ended November 2018) results. Earnings/Revenues Quarterly adjusted earnings came in at $1.76 per share, up 34.4% year over year. […]

The Chemours Company CC recently announced that its next-generation refrigerant R-454B, sold as Opteon XL41, has been chosen by Carrier as the primary lower Global Warming Potential (GWP) refrigerant. The refrigerant will replace the existing R-410A in ducted residential and light commercial packaged products sold by Carrier in North America, beginning 2023. […]