Year: 2018

Equity markets in the United States enjoyed an uptrend in the first of 2018 as improving economy and corporate tax cuts instilled confidence among consumers of their well-being and promoted healthy capital investments. But as the year progressed, the initial gains were wiped out and the markets entered a correction mode amid volatility in oil prices, trade war with China, rate hikes, tariff impositions on a number of foreign countries as well as softening in the global economy. Amid these, laying a wager on stocks based on profit numbers appears a popular strategy […]

Qualcomm’s QCOM win against Apple AAPL in China, its video content push, Music-related acquisition, new Austin campus and HomePod launch in China were the top Apple stories last week. Here are the details- Qualcomm Ruling in China The Fuzhou Intermediate People's Court in China issued a preliminary injunction banning sales of older iPhones including the iPhone 6S, iPhone 6S Plus, iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus and iPhone X as they were found to be in infringement of two Qualcomm patents. The patents cover technology to reformat the size and appearance of photos and manage applications on a touchscreen when navigating through phone apps. […]

Bristol-Myers Squibb Company BMY announced that it has received an offer from an over-the-counter (OTC) drug company in Japan, Taisho Pharmaceutical Holdings Co., Ltd. to purchase the former’s consumer health business in France, UPSA for $1.6 billion. Financial Terms of the Transaction The potential sale is expected to be completed in the first half of 2019, subject to regulatory approvals and meeting of certain other customary closing conditions. […]

On Dec 19, we issued an updated research report on Lindsay Corporation LNN . The company’s performance will be driven by focus on growth objectives, business simplification and capital-allocation plan. […]

The Boeing Company BA recently announced its new long-term forecast for India jet market, reflecting raised demand projections for the nation’s commercial airplanes, over the next 20 years. The new projection, representing a demand for 2,300 new commercial airplanes in the India market, is valued at $320 billion. […]

Altice USA, Inc. ATUS recently announced that it has inked a $25-million multi-year partnership with The Shed to provide the upcoming non-profit making organization with advanced fiber network connectivity and related infrastructure, helping people connect to enriching cultural experiences through technology. […]

Walgreens Boots Alliance, Inc. WBA reported adjusted earnings per share (EPS) of $1.46 for first-quarter fiscal 2019, up 14.1% year over year (same at constant exchange rate or CER). The figure surpassed the Zacks Consensus Estimate of $1.43 […]

Ericsson ERIC recently announced that it has been chosen by Tigo Senegal in a three-year deal to modernize the latter’s network and drive digitization in the developing Senegalese market. The Swedish firm continues to enhance its rich legacy of enabling communications service providers to upgrade networks by offering a state-of-the-art infrastructure for better speed and capacity. Ericsson is believed to be the world’s largest supplier of LTE technology with a significant market share […]