Stock Analysts

Reasons to Add FirstEnergy (FE) Stock to Your Portfolio Now

FirstEnergy Corporation ’s FE widening regulated base and growing transmission lines are expected to boost its operational strength. Earnings estimates for the company been revised upward in the past 60 days, reflecting analysts’ optimism in the stock. The Zacks Consensus Estimate for 2019 and 2020 earnings have inched up 0.4% and 0.8% to $2.50 and $2.46 per share, respectively […]

Stock Analysts

Reasons to Add Duke Energy (DUK) Stock to Your Portfolio Now

Duke Energy ’s DUK focus to generate more electricity from renewable energy sources, solid investment plans and stable financial position will boost its performance in the long term. This Zacks Rank #2 (Buy) utility is a promising bet at the moment, courtesy of consistent customer growth, focus on modernizing infrastructure and initiatives to boost shareholders’ value. Growth Projections & Surprise History The Zacks Consensus Estimate for 2019 earnings per share (EPS) is pegged at $4.98 on $24.96-billion revenues. […]

Stock Analysts

Cintas (CTAS) to Gain From Solid Product Portfolio, Buyouts

On Sep 27, we issued an updated research report on Cintas Corporation CTAS . In the past three months, this Zacks Rank #2 (Buy) stock has yielded a return of 13% compared with the industry ’s growth of 11.1%. Existing Scenario Cintas is set to benefit from its focus on enhancement of product portfolio, customer base and investment in technology […]

Stock Analysts

LyondellBasell (LYB) Announces Pricing of Guaranteed Notes

LyondellBasell Industries N.V. ’s LYB fully-owned subsidiary, LYB International Finance III, LLC, has priced a public offering of $1 billion total principal amount of 4.2% guaranteed notes due 2049. The company expects the offering to close on Oct 10, 2019, which is subject to the fulfilment of customary closing conditions […]

Mergers & Acquisitions

CLPS Incorporation Further Expands Into Southeast Asia Market With Acquisition of RiDik

CLPS Incorporation Further Expands Into Southeast Asia Market With Acquisition of RiDik PR Newswire SHANGHAI, Sept. 27, 2019 SHANGHAI , Sept. 27, 2019 /PRNewswire/ — CLPS Incorporation (Nasdaq: CLPS) (“CLPS” or “the Company”), a leading information technology consulting and solutions service provider focusing on the banking, insurance, and financial sectors in China and globally, today announced that, through its subsidiary Qiner Co., Limited (“Qiner”), it has acquired 80% of the equity of RiDik Pte. […]

Mergers & Acquisitions

Currax™ Pharmaceuticals LLC Announces the Acquisition of Nalpropion Pharmaceuticals, Inc.

Currax™ Pharmaceuticals LLC Announces the Acquisition of Nalpropion Pharmaceuticals, Inc. Acquisition is expected to realize over $10M in annual synergies Results in Currax owning the global rights to CONTRAVE In connection with this transaction, Currax repaid 25% of its outstanding debt Currax anticipates revenues in excess of $100M PR Newswire MORRISTOWN, N.J., Sept. […]

Stock Analysts

Global Steel Output Up as China Mills Roar Back: What’s Next?

Global crude steel production expanded in August as steel mills in China – the world's biggest steel producer – ramped up production following a slowdown in July due to Beijing’s stringent anti-smog measures. The World Steel Association ("WSA") – the international trade body for the iron and steel industry – reported yesterday that crude steel production for 64 reporting nations went up 3.4% year over year to 156 million tons (Mt) in August. […]

Stock Analysts

Utilities Top S&P 500 Amid Market Volatility: 5 Best Picks

The Utilities sector is set to become the best performer of the S&P 500 Index in the third quarter of 2019. Although Wall Street is recovering impressively in 2019 after a disastrous 2018, several headwinds persist. Utilities are a safe bet during times of market turmoil, as they are relatively stable due to the essential nature of the products they offer […]

Mergers & Acquisitions

Suning Completes Acquisition of Carrefour China, Accelerating Full-Scenario Retail Layout

Suning Completes Acquisition of Carrefour China, Accelerating Full-Scenario Retail Layout PR Newswire NANJING, China, Sept. 27, 2019 Suning Home Appliance Section Will Enter Over 200 Carrefour Stores This Weekend Carrefour’s Chinese Brand and Operation Will Remain Independent An Appointment of New CEO For Carrefour China NANJING , China, Sept. 27, 2019 /PRNewswire/ — Suning.com (002024.SZ) today announces that it has completed the acquisition of Carrefour China, marking the start of the Suning era for Carrefour China. […]