Semtech Corporation ’s SMTC non-GAAP earnings of 34 cents per share were in line with the Zacks Consensus Estimate. The reported earnings decreased 38.2% sequentially but increased 61.9% year over year. Non-GAAP revenues of $131.4 million decreased 17.9% sequentially but increased 0.71% from the prior-year quarter […]
Fluor Corporation FLR and its joint venture (“JV”) partner Balfour Beatty Infrastructure, Inc. won a contract from the Texas Department of Transportation (“TxDOT”) to design and reconstruct 11 miles of Interstate 635 LBJ, also known as LBJ Freeway, in Dallas. […]
Williams-Sonoma Inc. ’s WSM shares climbed more than 12% on May 30, after reporting first-quarter fiscal 2019 results. […]
Duke Energy Corporation DUK announced that its nonregulated unit, Duke Energy Renewables has acquired the development assets associated with the 60 megawatt (MW) Palmer Solar project in El Paso County, CO, from juwi Americas, a renewable energy company based in Boulder. With this addition, Duke Energy’s unit has two solar projects in Colorado totaling more than 70 MW. The acquisition is part of the company’s policy to produce 100% electricity of the state from renewable sources by 2040 […]
Cimarex Energy Co. XEC looks compelling at the moment. Given the company’s strong fundamentals, it seems like this is the right time to add the stock to your portfolio. […]
Schneider Electric Acquires Stake in AutoGrid to Accelerate AI Adoption in the Power Sector — Establishes co-innovation partnership focused on AI and machine learning solutions for distributed energy resources — Enables Schneider Electric to leverage AutoGrid’s existing utility and prosumer capabilities to fast-track new growth opportunities — AutoGrid will help Schneider Electric reinforce its position in edge control software and analytics for microgrids and distributed energy resources, a market which promises to be worth more than $50bn in the coming few years. PR Newswire SAN FRANCISCO, May 31, 2019 SAN FRANCISCO , May 31, 2019 /PRNewswire/ — Schneider Electric, the leader in the digital transformation of energy management and automation, today announced an investment in AutoGrid , the leader in flexibility management software for the energy industry. The investment makes Schneider Electric a major shareholder in the company and establishes a co-innovation partnership focused on driving new AI and machine learning solutions for the utilities and commercial and industrial companies […]
NASA Federal Credit Union and The Partnership Federal Credit Union Announce their Intent to Merge PR Newswire UPPER MARLBORO, Md., May 31, 2019 UPPER MARLBORO, Md. , May 31, 2019 /PRNewswire/ — After recently receiving regulatory approval, NASA Federal Credit Union and The Partnership Federal Credit Union have announced their intent to merge, subject to a vote of The Partnership Federal Credit Union members. Unlike other mergers that are designed to make money for stockholders, this merger is not a buy out or acquisition […]
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value? One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. […]
The outsourcing industry includes companies that are engaged in providing information technology, payroll, human resource, retirement and insurance services, business management solutions and business process outsourcing for small and mid-sized companies in the United States and abroad. Increasing demand for expertise in improving efficiency and reducing costs is currently keeping the industry in good shape. Most of the companies are considering emerging technologies such as cloud computing and robotic process automation (RPA) to drive competitive advantage […]
In a bid to streamline portfolio, Chevron CVX will divest bulk of North Sea assets in the United Kingdom to Israeli conglomerate Delek Group’s subsidiary, Ithaca Energy, for about $2 billion. The move, which is in sync with Delek Group’s and Chevron’s long-term objectives, is a win-win transaction for both. While Delek Group seeks to become a global offshore oil/gas powerhouse, Chevron is focused on revving up production and optimization of portfolio in high-return U.S […]
Guidewire Software, Inc . GWRE is scheduled to report third-quarter fiscal 2019 earnings on Jun 4. The company’s earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average being 191.4% […]
Petrobras ’ PBR divestment plans could be in jeopardy as the Brazilian Supreme court has issued injunctions suspending the sale of some major assets of the company. The court’s ruling suspends the sale of the TAG pipeline unit, eight refineries and the Araucaria Nitrogenous fertilizer business. Petrobras will be taking necessary legal steps to protect the interest of its shareholders. […]
FedEx Corporation FDX announced that its low-cost delivery unit, FedEx Ground, will deliver packages seven days a week, January 2020 onward. In order to cope with the surge in e-commerce demand, the company announced this year-round facility for majority of the U.S. population. […]
Red Robin Gourmet Burgers, Inc. RRGB reported first-quarter 2019 results, wherein earnings missed the Zacks Consensus Estimate but revenues came almost in line with the same. […]
Ulta Beauty, Inc. ULTA reported first-quarter fiscal 2019 results, wherein earnings outpaced the Zacks Consensus Estimate while sales matched the same. Both the top and the bottom line improved on a year-over-year basis. […]
Aon plc AON along with CoverWallet have entered into a commercial agreement to be able to serve customers in Australia. However, terms of the transaction were not disclosed. With this tie-up, Aon gets an access to the evolving small and medium enterprise (SME) digital insurance market segment worth $100 billion […]
Visa Inc. V , a payment processing company, is one of investors’ favorite with a formidable position in the thriving payments industry. The company has never failed to impress investors with its exemplary earnings performance history, having surpassed estimates in 25 of the last 28 quarters and meeting the same in the rest of the three. […]
Friday, May 31, 2019 In a surprise announcement to everyone outside his inner circle, President Trump has decided to levy a 5% tariff on all goods imported to the U.S. from Mexico. Trump said he would continue to “gradually increase” the tax until immigration from the southern border is “remedied.” By this he means illegal immigrants from the south should “STOP.” The 5% tariff, scheduled to take effect June 10th, is just the beginning: on July 1st this tariff would raise to 10%, 15% by August 1st, 20% by September 1st and 25% on October 1st […]
In a surprise announcement to everyone outside his inner circle, President Trump has decided to levy a 5% tariff on all goods imported to the U.S. from Mexico. Trump said he would continue to “gradually increase” the tax until immigration from the southern border is “remedied.” By this he means illegal immigrants from the south should “STOP.” The 5% tariff scheduled to take effect Saturday, June 1st is just the beginning: on July 1st this tariff would raise to 10%, 15% by August 1st, 20% by September 1st and 25% on October 1st […]
Momentum investing revolves around the idea of following a stock’s recent trend in either direction. In the ‘long’ context, investors will be essentially be “buying high, but hoping to sell even higher.” With this methodology, taking advantage of trends in a stock’s price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades […]
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