Month: September 2019

Voice assistants like Amazon’s AMZN Alexa, Microsoft’s MSFT Cortana, Apple’s AAPL Siri and Alphabet’s GOOGL Google Assistant continue to gain solid traction, courtesy of rapid proliferation of smartphones and smart speakers. While Apple and Google are the major contenders in the smartphone space, Amazon, owing to its Echo devices, is dominating the smart speaker market, trailed by Baidu BIDU and Google. The growth prospects for smart voice assistants are alluring, intensifying competition in this space […]

After conducting a review of goodwill attributed to its U.K. business, Banco Santander, S.A. […]

Talos Energy Inc TALO has lost 31.3% in the past year, underperforming the oil & energy sector’s 23% decline. Moreover, the stock, carrying a Zacks Rank #5 (Strong Sell), has been seeing downward estimate revision for third and fourth quarter as well as 2019 earnings by all analysts in the past 30 days. Downward Estimate Revision The Zacks Consensus Estimate for the company’s 2019 earnings per share of $2.30 has been revised downward from $2.94 in the past 30 days. […]

Weatherford International plc WFTIQ recently announced an accord with the Abu Dhabi Company for Offshore Petroleum Operations Limited (ADNOC Offshore). The transaction is valued at $220 million. […]

Waddell & Reed Financial, Inc. ’s WDR initiatives to boost revenues are expected to yield results in the days ahead. […]

Chronic diseases and conditions have been on the rise globally. According to a report by World Health Organization , prevalence of chronic diseases is projected to rise by 57% by 2020. With developing nations experiencing significant growth in aging population, emerging geographies are expected to be worst hit […]

Shares of Apogee Enterprises, Inc. APOG have rallied 34% year to date, aided by its better-than-expected second-quarter fiscal 2020 earnings, upbeat guidance and record backlog in the Architectural Services segment. The stock is also gaining from solid bidding and order activities and continued upbeat outlook for the North America commercial construction market. […]

Hewlett Packard Enterprise HPE completed the buyout of supercomputing leader Cray for a deal value of approximately $1.4 billion. The integration of HPE and Cray is expected to enhance future offerings and boost customer benefits. […]

The United Auto Workers’ (“UAW”) nationwide strike against General Motors GM has reached the tenth day. The strike was called after the company’s four-year contract with workers expired on Sep 15 without any agreement on replacement. Notably, this marks the first major work stoppage at the company in the last 12 years and the longest national strike in the United States since 1970. […]

AstraZeneca plc. ’s AZN stock has rallied 19.3% this year so far, outperforming the industry’s decrease of 0.8%. The company’s outperformance has been backed by quite a few positive developments on the regulatory and pipeline front, strong performance of its relatively newer drugs as well as a bullish outlook for the second half of the year […]

Tractor Supply Company TSCO and Citi Retail Services, a provider of credit solution in North America, declared new rewards for Neighbor’s Club members holding Tractor Supply Personal Credit Card. These include 5% back in rewards and special financing offers. […]

The Hanover Insurance Group ’s THG shares have rallied 16.2% year to date, outperforming the industry 's growth of 6.2%. Strategic growth initiatives, strong market presence and effective capital deployment should continue to drive the stock higher. With a market capitalization of $5.4 billion, average volume of shares traded in the last three months was 0.3 million. […]

United Parcel Service UPS is performing impressively at the moment. Also, we are optimistic about the company’s prospects and believe that the time is right for investors to add the stock to their portfolio as it looks promising and is poised to carry the momentum ahead. […]

EnPro Industries, Inc. NPO announced yesterday that it has completed the acquisition of LeanTeq Co., Ltd. […]

Recently, Franco-Nevada Corporation FNV acquired net smelter return ("NSR") royalties of Premier Gold Mines Limited ("Premier") for $6 million. Notably, the package consists of a 2% NSR on the PQ North Property, adjacent to the Musselwhite Mine in Northwestern Ontario, and a 1.5% NSR on the Rain/Emigrant and Saddle Properties located in Nevada. On Jan 31, 2019, Franco-Nevada, through its wholly-owned Chilean subsidiary, acquired an existing 2% NSR on Gold Fields Limited’s GFI Salares Norte gold project for $32 million. […]

Shares of Carpenter Technology Corporation CRS have rallied 47.7% year to date, aided by its forecast-toppings earnings and revenue performance in fourth-quarter fiscal 2019 (ended Jun 30, 2019). This momentum is likely to continue on the back of its efforts to strengthen customer relationships, continued execution of commercial strategy and acquisitions. […]