U.S. stocks are on track to record their best annual performance in six years mainly powered by trade optimism and a dovish Fed. A technology surge, improving economic outlook and better-than-expected earnings added to the strength. […]
Shares of State Street Corporation STT have rallied 26.7% in 2019. Strong capital position, new business wins, synergies from acquisitions and the company’s global footprint seem to be the primary reasons for this impressive stock performance. However, during the same time frame, the industry to which the stock belongs grew 35.4%, while the S&P 500 rose 28% […]
The business services sector benefited from economic strength and stability, and robust service activities in 2019. It remained buoyed by a strong labor market and low unemployment and inflation. Further, the sector remained less affected by trade tensions as business services firms have lower foreign exposure compared to goods companies and incur lower foreign input costs Copart Performed Impressively in 2019 Copart, Inc […]
General Mills, Inc. GIS looks well poised to maintain its vigor in the New Year, courtesy of key global strategies and acquisition prospects. Moreover, the company has been investing in consumer-centric innovation and marketing to boost the top line. […]
It has been a roller-coaster ride for the volatile biotech sector in 2019 after a disappointing run in 2018. The year started with a bang for this sector, with the announcement of the mega-merger of bigwigs Bristol-Myers BMY and Celgene. This significantly perked up the prices of quite a few stocks […]
Spirit Airlines ( SAVE ) 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. Let’s take a closer look at the factors that make this Zacks Rank #2 (Buy) stock a compelling choice for investors right now. […]
NIO Inc. NIO reported adjusted loss per share of 33 cents in third-quarter 2019, narrower than the Zacks Consensus Estimate of a loss of 41 cents and the prior-year quarter’s loss of $1.51. […]
In the past six months, Acuity Brands, Inc. ’s AYI shares have dipped 2.3%, underperforming its industry ’s 1.6% decline. The downside was caused by soft earnings performance and weak industry prospects. […]
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? […]
Tuesday, December 31, 2019 Those us who predicted 2019 would be a banner year for stocks — including Zacks Exec VP Kevin Matras — have been borne out with flying colors here on this last (half) trading day of the year. However, whereas many of us thought the strength would come from gig-economy IPOs like Uber UBER and Lyft LYFT , along with extensive business investment keeping market indexes humming, the strength has come from other sources. […]
The Zacks Retail – Apparel and Shoes industry was not in its best shape this year. Plagued by various headwinds like mounting competition, shifting consumer patterns and thin margins, the industry crashed as much as 18.6% in 2019 against the S&P 500’s growth of 30.8%. Competition from online retailers, particularly Amazon AMZN , is one of the biggest factors that has made things rough for players in the Retail – Apparel and Shoes industry. […]
Machine learning (ML) is hailed as one of the most impactful technologies in the AI spectrum. Comprising algorithms, ML applications are capable of enabling devices to learn, improve and make decisions automatically, without any explicit programming or human involvement. The application of ML has grown rapidly over the past years, bringing out the power of data in a whole new way […]
The Gap, Inc. GPS has been struggling, thanks to dismal comparable sales (comps) trend in the past few quarters. We note that the San Francisco, CA-based company came under pressure after third-quarter fiscal 2019 results, which were impacted by persistent soft performance across all brands as well as weak traffic trends. […]
AstraZeneca AZN and Merck MRK announced that the FDA has approved their PARP inhibitor, Lynparza, as maintenance treatment for BRCA-mutated (gBRCAm) metastatic pancreatic adenocarcinoma (pancreatic cancer) in patients whose disease has progressed at least 16 weeks following first-line platinum-based chemotherapy regimen. Patients will be selected based on an FDA-approved companion diagnostic for Lynparza. […]
Apple AAPL was recently sued by a New York University cardiologist over Apple Watch’s use of his patented heartbeat monitoring invention, per Bloomberg. A suit was filed by Dr. […]
On Dec 30, 2019, we issued an updated research report on T. Rowe Price Group, Inc. TROW […]
Intel INTC has reportedly given specifications of its 10th generation desktop family, per an insight provided by Wccftech . According to this report, the yet-to-be launched 10th Gen desktop CPU family is codenamed Comet Lake-S. […]
Investors in Grupo Financiero Galicia S.A. GGAL need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2020 $15.00 Put had some of the highest implied volatility of all equity options today. […]
Hilton Worldwide Holdings Inc. HLT announced the opening of its innovative hotel brand — Tru by Hilton Burlington in North Carolina. […]
Facebook FB continues to be under fire over privacy concerns. The company is under pressure for violating user data protection in Brazil, per a Reuters report . Reportedly, Brazil's Ministry of Justice has levied a fine of 6.6 million reais or $1.6 million on Facebook for improperly sharing user information. […]
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