Month: January 2019

Netflix ’s NFLX latest original movie Bird Box seems to hit the right chord as more than 45 million, which is almost one-third of the company’s 137.1 million subscriber base, viewed the Sandra Bullock-starrer in the very first week (Dec 21-27) of its release on the platform. Netflix noted that the movie recorded highest viewership for any movie in the seven-day period. Although the company released figure should be taken with a grain of salt, the viewership number is no doubt impressive. […]

Reportedly, Facebook FB is revamping its Messenger platform with the much-awaited dark mode feature. Users can switch to this mode from the “Me” feature on the app in the countries where it is available. It is accompanied with a “work in progress” message […]

Bristol-Myers Squibb Company BMY announced that the FDA has approved a label expansion of the oncology drug, Sprycel. Sprycel tablets are now approved for the treatment of pediatric patients aged one year or older, with newly diagnosed Philadelphia chromosome-positive (Ph+) acute lymphoblastic leukemia (ALL), in combination with chemotherapy. The FDA reviewed the company’s application on a priority-review basis. […]

Torchmark Corporation TMK is poised for long-term growth on the back of its strong segmental performance, niche market focus, solid capital position and effective capital deployment. Torchmark projects net operating income between $6.45 and $6.75 in 2019. The Zacks Consensus Estimate for 2019 earnings is pegged at $6.62, up 7.9% on 29% higher revenues […]

Teva Pharmaceutical Industries Ltd. TEVA announced settlement of an ongoing patent dispute with biotech giant, Amgen, Inc. AMGN related to its generic version of Amgen’s secondary hyperparathyroidism product, Sensipar (cinacalcet HCl). […]

Shares of Apple AAPL plunged almost 8% after the company cut its first-quarter fiscal 2019 guidance. Apple also warned that iPhone sales will decline on a year-over-year basis, primarily due to weak demand in Greater China and fewer upgrades to its flagship device. The company’s previous revenue estimate between $89 billion and $93 billion was reduced to $84 billion for first-quarter fiscal 2019 […]

On Jan 2, we issued an updated research report on VIVUS, Inc. VVUS . […]

The Boeing Company BA recently secured a modification contract for providing non-recurring engineering support to incorporate the initial Block III capability for the production of F/A-18E/F and EA-18G aircraft. Majority of the task will be carried out in St. Louis, MO. […]

Kadant Inc. KAI has announced that it successfully completed the acquisition of Syntron Material Handling Group, LLC and certain associates (together referred below as Syntron) for $179 million in cash. […]

Despite a debt-laden balance sheet, shares of IQVIA Holdings IQV have gained 17.5% in the past year against 11.2% decline of the industry it belongs to and 7.8% fall of the Zacks S&P 500 composite. Catalysts Behind the Upside IQVIA Holdings looks strong on the back of its technological suite. […]

Anheuser-Busch InBev SA/NV BUD , also known as AB InBev, had a tough 2018, given the unfavorable industry trends resulting from consumers gravitating toward wine and other healthier options. This caused a steep fall in the volume of beer sold by the company, with most of the impact seen in the United States. Major consumer trends, such as premiumization, health and wellness, along with demographic changes in the population, are causing a segmental mix shift within beer […]