We have maintained our Neutral recommendation on Motorola Solutions Inc. (MSI), as the top line beat the Zacks Consensus Estimate but the bottom line fell short in the recently concluded quarter.
Why Kept at Neutral?
The...
Choice Hotels International Inc.’s (CHH) boutique style brand – Ascend Hotel Collection (luxury, design-led and contemporary facilities) – recently unveiled a new hotel in Calgary, Canada. Christened Hotel Elan, the new property...
We expect DISH Network Corporation. (DISH), the second-largest satellite TV operator in the U.S., to beat expectations when it reports its first-quarter 2013 results before the market opens on May 9, 2013.
Why a Likely...
Reportedly, Google Inc. (GOOG), the world’s most popular Internet search engine provider, plans to launch a subscription-based music streaming service to challenge companies such as Spotify Ltd. that offer a similar kind of...
Recently, the issuer credit rating (ICR) and debt rating of W. R. Berkley Corporation (WRB) were affirmed by A.M. Best Co. at “a–” and “bbb” for senior secured notes and trust preferred securities, respectively. The rating...
San Francisco-based Union Bank, N.A., the primary subsidiary of UnionBanCal Corporation, announced a deal to acquire deposits and certain assets of Vallejo, Calif.-based First Bank Association Bank Services – a unit of First Bank. UnionBanCal Corp. is a fully owned subsidiary of Mitsubishi...
Granite Construction Incorporated (GVA) has received a design-build contract worth $130 million from the North Carolina Department of Transportation for the I-40/440 reconstruction project. Construction work is scheduled to begin later...
Merck KGaA (<a href=”http://www.stockbloghub.com/tag/MKGAF “>MKGAF ) recently presented detailed results on its oncology candidate L-BLP25, from the phase III study, START (Stimulating Targeted...
Texas (May 7, 2013) Wax Ink has issued a No Investment Interest rating for Microsoft Corporation (Nasdaq: MSFT) based on a...
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On May 22, 2013, the shares of Lockheed Martin Corporation (LMT) hit a 52-week high of $107.93. Lockheed Martin registered positive earnings surprises in three of the last four quarters, with an average beat of 16.56%. Another defense...
The year 2013 started off much better than expected for the U.S. insurance industry, with most of the primary insurers beating first quarter earnings estimates and reporting relatively low combined ratios. Moreover, the sector continued to witness rising premium rates which started a year back after...
SunPower Corp. (SPWR) shares jumped 8.5% to $20.65 in the New York Stock Exchange as the company provided its top as well as bottom line expectations for the second quarter and the full year.
The second largest U.S.-based solar...
Autodesk Inc. (ADSK) reported first-quarter 2014 non-GAAP earnings of 42 cents, which decreased 10.6% from the year-ago quarter. Including stock-based compensation, earnings came in at 31 cents per share which lagged the Zacks Consensus...
Stocks go up and stocks go down. But more often than not, stocks go sideways.
Usually, a sideways-trending stock is waiting for a catalyst to take it out of its trading range. But some stocks can remain range bound for a long time.
Aside from an earnings surprise, there is no better...
Maker of oil drilling equipment, FMC Technologies Inc. (FTI) inked a deal with Exxon Mobil Corporation (XOM), the world’s largest publicly traded oil company.
Per...
On May 15, we reiterated our Neutral recommendation on Joy Global Inc. (JOY), the manufacturer of mining equipment used in various types of mining. The company currently has a Zacks Rank #4 (Sell).
Why the Reiteration?
Joy...
We reaffirmed our Neutral recommendation on the largest North American independent refiner and marketer of petroleum products Valero Energy Corporation (VLO), on May 14, 2013. Riding on growth in refining throughput margins, the company...
Recently, FLIR Systems Inc. (FLIR) was awarded a contract to support the U.S. Coast Guard for the Coast Guard’s Electro-Optical Sensor System configuration of FLIR’s commercially developed military qualified Talon 9-inch...
MoneyGram (MGI) entered into a partnership agreement with a leading bank in Bosnia-Herzegovina and the pan European region – Intesa San Paolo Bank to expand its money transfer network in Bosnia. Through the deal, MoneyGram intends...
Struggling consumer electronics specialty retailer, RadioShack Corp. (RSH) extended its partnership with Maker Media, which will expand its Do it Yourself (DIY) product base. Notably, Maker Media is an existing DIY partner of RadioShack.
The...
Domino’s Pizza Inc. (DPZ) reported first-quarter 2013 adjusted earnings of 59 cents per share, outperforming the Zacks Consensus Estimate of 56 cents by 5.4% and that of the year-ago quarter by 25.5%. Higher top-line, share repurchase...
Just a day after getting its key rating affirmed from A.M. Best Co., another rating agency Standard and Poor Rating Services (S&P), a division of The McGraw-Hill Companies surprised the investors by making a reverse rating action on Berkshire Hathaway Inc. (BRK-A)...
The largest satellite TV provider in the U.S., DIRECTV (DTV) is set to release its first-quarter 2013 results before the opening bell on May 7, 2013.
In the last quarter, the company delivered a 33.62% positive earnings surprise....
Chemical titan DuPont (DD) divulged its strategic and operational priorities for this year and beyond during its annual investor day in Wilmington, Del. Chairman and CEO Ellen Kullman highlighted three strategic priorities that are...
Bristol-Myers Squibb Company (BMY) recently received positive news from the US Food and Drug Administration (FDA) when the US regulatory authority approved the pharma major’s HIV drug Sustiva for treating children between three months...
We have maintained our Neutral recommendation on The Boeing Company (BA) on Apr 29, 2013. The company’s solid first quarter 2013 results despite the 787 headwind were commendable. However, risk associated with the axe on the domestic...
Telecom giant AT&T Inc. (T) is introducing new promotional plans to accelerate smartphone sales. The company will offer a $100 rebate on the purchase of a new smartphone in exchange for an older one. The offer is available on newly...
St. Jude Medical (STJ) has enrolled the first patient for its MultiPoint Pacing clinical study. The study will evaluate the efficacy of the company’s Quadripolar Pacing system belonging to the implantable cardioverter defibrillator...
Activision Blizzard (ATVI) is set to report first quarter 2013 results on May 8. Activision reported fourth quarter earnings of 75 cents, which surpassed the Zacks Consensus Estimate by 6 cents. Let’s see how things...
Shares of FMC Technologies Inc. (FTI) hit a 52-week high of $56.04 on May 6. In fact, the Houston, Texas-based oil drilling equipment maker has seen its stock price climb some 30% since the beginning of the year. This price appreciation...