Verizon Communications Inc. VZ launched its industry-leading 5G Ultra Wideband service in Akron, OH and Nashville, TN. The telecom giant’s service is now available to customers in parts of 57 cities. Verizon plans to launch 5G Ultra Wideband in 60 cities by the end of this year
AstraZeneca AZN announced that the FDA has approved its supplemental Biologics License Application (sBLA) for its key cancer drug, Imfinzi (durvalumab). The sNDA sought approval for a new dosing regimen of the drug for the approved indications of unresectable, stage III non-small
A spurt of missed debt repayments by three Chinese state-owned firms - a coal miner, a chipmaker and an automobile company - has shaken local markets and heightened speculation that a campaign to wean the economy off heavy credit is back.
Colgate-Palmolive Company CL, which is a leading consumer goods company, is one of the prime beneficiaries of the coronavirus pandemic-induced demand escalation for personal and home care products. This trend has proved to be a blessing for the soaps and cleaning materials indust
Alaska Air Group’s ALK subsidiary Alaska Airlines will be rolling out new benefits for its elite customers in 2021. This is a part of the West Coast International Alliance announced in February 2020 as an extension of the relationship between Alaska Airlines and American Airlin
The United States is witnessing an unprecedented rise in COVID-19 cases across the country. Per the latest data from the Johns Hopkins University, COVID-19 cases have crossed the 12 million mark. As a means to curb this relentless rise, several states across the country like Mich
The time has arrived to thank all good things in life despite the scars of pandemic. Notably, back-to-back positive vaccine updates have offered sweet surprises to Wall Street from the start of the Thanksgiving month this year. The mood became happier this week on a spate of heal
JetBlue Airways JBLU suffered a setback on the labor front when its in-flight crew members voted down a provisional deal between the company and the Transport Workers Union (TWU). Notably, TWU represents the in-flight crew members of this Long Island City, NY-based carrier.
Contract drilling company Helmerich & Payne’s (NYSE:HP) stock gained 14.4% in the last 5 trading days. This has been a common theme for the companies associated with energy and natural resources industry. Understandably, the prospects of a Covid-19 vaccine paints a mo
We believe there may be better places for your money than Deutsche Bank stock (NYSE: DB) at the present time. DB trades at $11 currently and it has gained 39% in value year-to-date. It traded at a pre-Covid high of $11 in February and is trading at the same level now. Also
MGM Resorts International (NYSE:MGM) gained nearly 12% in the last 5 trading days. Despite this move, the stock is still nearly 20% below where it was at the beginning of 2020. What does this mean? Simply that big money is pouring into MGM Resorts and other stocks that are like
Ciena Corporation (NYSE: CIEN), best known for its network hardware, software, and services, trades at about 1.8x trailing Revenues, compared to 2.4x for Corning (NYSE: GLW), which manufactures glass products and optical fiber, among other products. Does this difference in valu
Despite an almost 50% rise since the March lows of this year, at the current price of around $52 per share, we believe NetApp stock (NASDAQ: NTAP) is still a good opportunity for investors. NetApp stock has increased from $35 to $52 off the recent bottom, less than the S&P
Electronic Arts’ stock (NYSE: EA) lost more than 18% – dropping from $107 at the beginning of the year to $87 in late March – then jumped 38% to around $120 now. That means it is now up 12% from the levels where it started the year. This marks a slightly
Alaska Airlines stock (NYSE: ALK) has observed a 25% jump since the beginning of the month on hopes of a successful vaccine by early next year. As the company observed only $637 million of operating cash outflow for the first nine months, the $3 billion drop in the stock’
Urban Outfitters (NASDAQ: URBN) is scheduled to report its fiscal third-quarter results on Monday, November 23. We expect Urban Outfitters to likely beat the revenue and earnings expectations, driven by improved demand in digital retail. The company is also adjusting to updated
Medtronic (NYSE: MDT) is scheduled to report its fiscal Q2 2021 results on Tuesday, November 24. We expect Medtronic to likely beat the revenue and earnings expectations, driven by improved demand for medical devices with an increase in the number of procedures performed sequen
Deere & Company stock (NYSE: DE) is scheduled to report its fiscal fourth-quarter results on Wednesday, November 25. We expect Deere to likely beat the revenue expectations but earnings could be lower compared to the consensus estimates. Revenue growth is likely to be drive
CommScope Holding Company, Inc. COMM recently unveiled an advanced version of SURFboard DOCSIS (Data Over Cable Service Interface Specification) modem to establish a streamlined networking infrastructure for an enhanced customer experience.Dubbed ARRIS SURFboard S33 DOCSIS 3.1 mu