Month: September 2019

Sanofi ’s SNY shares have outperformed the industry this year so far. It has risen 7.1% in the said time frame against the industry’s decrease of 0.8%. The company’s performance has been backed by quite a few positive developments on the regulatory and pipeline front mainly related to its new successful drug Dupixent, strong performance of its Specialty Care segment, as well as a decent earnings performance in the first half of the year. […]

Hilton Worldwide Holdings Inc. HLT continues to expand its footprint in Canada. […]

Marriott Vacations Worldwide Corporation VAC issued an update on the anticipated impact of Hurricane Dorian on its operations. The company further stated that all of the resorts that were impacted by the hurricane were re-opened. Hurricane Dorian had minimal impact on the company’s resorts and sales centers. […]

The Medicines Company MDCO announced that its PCSK9 inhibitor candidate, inclisiran, met primary as well as secondary endpoints in two pivotal phase III studies — ORION-9 and ORION-10 — evaluating it in heterozygous familial hypercholesterolemia (HeFH) and atherosclerotic cardiovascular disease (ASCVD), respectively. In the studies, ­inclisiran demonstrated durable and potent efficacy. […]

Carnival Corporation CCL reported third-quarter fiscal 2019 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. However, shares of the company lost nearly 7% during the pre-market trading session, following its trimmed guidance for fiscal 2019. In fourth quarter, Carnival’s results are likely to be impacted by Hurricane Dorian, the tensions in the Arabian Gulf as well as the delayed delivery of Costa Smeralda. […]

Facebook FB recently stated that it will not fact check political statements or remove politicians’ posts, which it believes are "newsworthy", even if the content violates its “community standards.” The company attempts to make political speech and content subject to public debate and scrutiny. Notably, Facebook’s announcement is similar to Twitter’s TWTR policy, which treats high-profile political tweets from verified accounts with more than 100,000 followers as newsworthy. However, Facebook will remove content, including a political speech, which can cause harm and endanger humans, as well as violate its policies. […]

Chubb Limited CB is well-poised for growth banking on a compelling suite of products and services, inorganic growth, solid global presence, sturdy capital position and prudent capital deployment. Estimates for Chubb have been revised upward over the past 60 days, indicating investor optimism on the stock. […]

Primerica ’s PRI long-term issuer credit rating (Long-Term ICR) of “a-” has been retained by AM Best. Concurrently, the rating giant reiterated the Financial Strength Rating of A+ (Superior) and the Long-Term ICR of “aa-” of Primerica Life Insurance Company and its affiliates, National Benefit Life Insurance Company and Primerica Life Insurance Company of Canada. Outlook of these ratings is stable. […]

Tyler Technologies Inc. TYL recently announced that its Incode utility billing solution will be deployed by Georgetown Divide Public Utility District (PUD) and the County of Madera in California. Reportedly, Incode will be used by these entities to manage respective utility billing processes, which include scheduling, billing and reporting […]

Best Buy Co., Inc. BBY is aiming high, banking on plans to exploit areas of potential to the fullest. The key growth initiatives underlined by the company are Best Buy Health and supply chain transformation. […]

JinkoSolar Holding Co., Ltd. JKS announced that it is going to supply 300 megawatts (MW) of ultra-high efficiency Cheetah modules for a large-scale solar power plant in the municipality of Talaván, Caceres, Spain (Talasol Project). This marks the expansion of its operations on a global basis. […]

Tyme Technologies, Inc. TYME ) announced that it has commenced the pivotal stage of the TYME-88-Panc study to evaluate the clinical benefits of its lead cancer metabolism-based therapies (CMBT) candidate, oral SM-88 (racemetyrosine), for third-line treatment of patients with metastatic pancreatic cancer. Enrollment is expected to begin in the fourth quarter of 2019 at leading pancreatic cancer research centers across the United States SM-88 is a combination therapy that uses a proprietary dysfunctional tyrosine derivative to interrupt the metabolic processes of cancer cells, breaking down their defenses and making them vulnerable to oxidative stress and death […]

McDermott International MDR recently secured a major front-end engineering design (FEED) contract from POSCO INTERNATIONAL Corporation. McDermott has been contracted for the phase three stage of Shwe gas field development. Located 70 kilometers offshore Myanmar, the Shwe gas field’s FEED contract comprises provision of new compression platform along with some modification in the existing platform as well as a bridge link […]

KB Home KBH reported third-quarter fiscal 2019 results, wherein earnings beat analysts’ expectation but revenues missed the same. Shares fell 2% following the news but closed 3% higher at $32.38 on Sep 25. The results mainly benefited from continued progress of the Returns-Focused Growth plan, given stellar average community count growth. […]

Lennar Corporation LEN is slated to report results for third-quarter fiscal 2019 (ended Aug 31) before the opening bell on Oct 2. In the last reported quarter, the company’s earnings and revenues topped the Zacks Consensus Estimate by 15% and 8.8%, respectively. Notably, this Miami-based homebuilder surpassed earnings expectations in five of the six trailing quarters. […]

On Sep 25, we issued an updated research report on Align Technology, Inc. ALGN . The company is riding on strong product development and a consistent focus on international markets. […]