Year: 2019

QUALCOMM Incorporated QCOM recently announced that it has posted the required security bonds in the District Court of Munich to enforce ban on some iPhone models of Apple Inc. AAPL in Germany. Although some industry experts opine that the ban is not likely to severely impact Apple, its shares declined almost 10% to close at $142.19 yesterday. […]

Shares of Cirrus Logic CRUS dropped as much as 8.5% to close at $31.35 on Jan 3. Moreover, during the trading session, shares touched a new 52-week low of $31.25. This downside is attributed to Apple AAPL , a key customer of Cirrus, announcing a cut in its first-quarter fiscal 2019 guidance over declining iPhone sales […]

Shares of Delta Air Lines DAL slipped to a 52-week low of $45.08 during the trading session on Jan 3, before retracing a bit to close at $45.61. This mirrors an 8.9% decline from Jan 2’s closing price. […]

Pfizer Inc. PFE announced that it has initiated a pivotal phase IIb/III clinical study to evaluate its oral JAK3 inhibitor candidate, PF-06651600, for treating moderate to severe alopecia areata (“AA”). Alopecia areata is an autoimmune dermatologic condition that results in patchy non-scarring hair loss, usually affecting the scalp. […]

Blackbaud, Inc. BLKB announced the conclusion of YourCause buyout for around $157 million. Founded in 2007, YourCause, a corporate social responsibility and employee engagement software company, has anticipated annual revenue of more than $12 million. […]

ON Semiconductor Corp. ON released Strata Developer Studio, a new cloud-based development platform to assist engineers in developing and designing with ON Semiconductor technologies in a simpler and secure environment. The Strata platformis designed to boost security and accelerate engineer’s ability to offer advanced solutions by offering latest documentation, product information, design and application notes directly to the desktop. […]

In a bid to enhance prescription price transparency, Cerner Corporation CERN enters into collaboration with CoverMyMeds. Per the deal, Cerner will integrate patient-specific information into the electronic health record (“EHR”). Notably, CoverMyMeds is a wholly-owned subsidiary of McKesson Corporation’s MCK prescription technology solutions […]

Owens-Illinois, Inc. OI continues to benefit from its successful joint venture. Further, the company’s efforts to improve productivity across all businesses, functions, processes and geographies will aid in garnering higher profits […]

It seems nothing could dissuade U.S. shoppers from splurging during the holiday shopping season. […]

Merck & Co., Inc. MRK announced that it has exercised its option to in-license a once-monthly insulin sensitizer, NGM313, from partner NGM Biopharmaceuticals, Inc., being developed for the treatment of NASH and type II diabetes. With this deal, Merck gets exclusive global rights to develop, manufacture and commercialize NGM313, now renamed as MK-3655. […]

Reliance Steel & Aluminum Co. RS is gaining from its broad and diversified product base, wide geographic footprint, continued demand strength across aerospace and automotive end-markets and synergies of acquisitions. Shares of the metals service center company, which currently carries a Zacks Rank #3 (Hold), have lost 21.2% over the past year, outperforming the 38.5% decline of its industry […]

Fidelity National Information Services FIS announced that it has completed the divesture of its joint venture (JV) with Banco Bradesco in Brazil. The deal was announced in October 2018. Per the terms, the company also entered into a long-term commercial arrangement with Banco Bradesco on Jan 1, 2019, in order to provide services to the latter. […]

There is an age-old Wall Street saying “uncertainty is the enemy of investors.” Therefore, selecting stocks based on key fundamentals is always prudent. Conventional strategies are not only safe, but are also worthwhile in the present volatile and uncertain market conditions. […]

U.S. raw steel production for the week ending Dec 29 climbed on a year-over-year basis as American steel mills operated above 80% of their capacity, according to the latest weekly report from the American Iron and Steel Institute (“AISI”), an association of North American steel makers. Per data released by the AISI, domestic raw steel production was 1,899,000 net tons for the reported week, marking a 13.3% rise from production of 1,676,000 net tons for the same period a year ago. […]