Month: January 2019

Apple ’s AAPL first-quarter fiscal 2019 top-line guidance cut for the first time in almost two decades dragged down shares by roughly 8% during after-hour trading on Jan 2. The company warned that iPhone sales will decline on a year-over-year basis, primarily due to weak demand in Greater China and fewer upgrades of its flagship device. The guidance cut has shocked investors and sent jitters across global markets. […]

Tech stocks had started 2018 on a strong note with the Technology Select Sector SPDR (XLK) gaining a whopping 17% by the end of August. However, the tide turned for tech post that, resulting in a grievous rout for the sector. Notable casualties of this phenomenon are long-term investor favorites, the FAANG stocks which tasted both the highs and the lows that year […]

The probable crude recovery in 2019 could ramp up drilling and fracking activities in the Permian Basin by several folds. This optimism is based on the construction of a host of fresh pipelines which will boost the prolific play’s takeaway capabilities. It is thus almost certain that the producers will be able to carry significantly higher volumes of Permian oil to the Gulf Coast and export terminals through 2019 […]

OUTFRONT Media Inc. OUT recently announced that lifestyle media brand — The Points Guy — has chosen the former for its first ever OOH campaign. The companies have collaborated to launch a billboard campaign that will be running till Jan 6, 2019, at three high-traffic locations, including Port Authority (42 nd Street and 8 th Avenue), Times Square (Broadway and West 45 th Street), and Penn Station (33 rd Street and 7 th Avenue). […]

On Jan 2, we issued an updated research report on TriMas Corporation TRS . The company will gain from robust-end market demand, focus on improving cost structure and momentum in its segments. Further, efforts to improve operating efficiency under the TriMas Business Mode and strong pipeline of both product and process innovation will also fuel growth […]

Symantec Corporation SYMC is benefiting from continued strength in its consumer security business, which is being driven by a powerful product portfolio comprising Norton and Lifelock products. The company boasts an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing four reported quarters, the average being 14.17%. Moreover, Symantec reiterated its guidance for full-fiscal 2019, which is a positive […]

Global semiconductor sales totaled $41.4 billion in November, increasing 9.8% on a year-over-year basis. However, semiconductor sales posted a month-over-month decline for the first time in nine months. Trade disputes between the United States and China have been taking a toll on tech stocks, particularly chipmakers for a while now. […]

Casey's General Stores, Inc. CASY clearly appears to be a preferred pick, as it seems to have all it takes to catch investors’ attention. Notably, it is on track with its Value Creation Plan […]

Welltower Inc. WELL announced that it has entered into a definitive agreement with CNL Healthcare Properties, to acquire a portfolio of 55 Class A medical office and outpatient facilities for $1.25 billion. The transaction, subject to customary closing norms, governmental and other third-party consents, will likely close in first-half 2019 […]

Nielsen Holdings Plc NLSN is firing on all cylinders to bolster presence in the television ratings world on the back of its robust services. Recently, the company witnessed contract renewal by its client, Raycom Media. The renewal is testament to reliability and capability of Nielsen’s services […]