In recent trading, shares of Ameren Corp (Symbol: AEE) have crossed above the average analyst 12-month target price of $82.44, changing hands for $83.25/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuati
In recent trading, shares of Bank of Montreal (Quebec) (Symbol: BMO) have crossed above the average analyst 12-month target price of $56.79, changing hands for $57.37/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgr
To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention — an
In recent trading, shares of Black Knight Inc (Symbol: BKI) have crossed above the average analyst 12-month target price of $77.44, changing hands for $79.08/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on va
Turkey's industrial production is expected to have expanded 1.10% annually in June, when the country took controlled steps to reopen the economy following lockdown measures at the height of the coronavirus outbreak.
American Public Education, Inc. APEI reported impressive second-quarter 2020 results, wherein both the top and bottom lines topped the Zacks Consensus Estimate, as well as grew on a year-over-year basis. Notably, both the metrics exceeded management’s respective guidance on th
Graphic Packaging Holding Company GPK announced yesterday that it will acquire a part of Memphis, TN-based International Paper Company’s (IP) minority interest in Graphic Packaging International Partners, LLC (“GPIP”). The transaction has been valued at $250 million.Based
Occidental Petroleum Corporation OXY reported second-quarter 2020 loss of $1.76 per share, wider than the Zacks Consensus Estimate of a loss of $1.66. The company recorded earnings of 97 cents per share in the prior-year quarter.
Baidu, Inc. BIDU is slated to report second-quarter 2020 results on Aug 13. In the last reported quarter, it delivered an earnings surprise of 95.3%.The stock outperformed earnings estimates in each of the trailing four quarters, with the average surprise being 48.8%.
ScanSource, Inc. SCSC yesterday announced that it agreed to sell its Latin American businesses that are carried outside Brazil. The buyer of these assets is Miami, FL-based Intcomex. Notably, the financial terms of the agreement have not been disclosed.Shares of ScanSource incre
Civeo Corporation CVEO was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now u
Steel Dynamics, Inc. STLD closed the acquisition of Zimmer, S.A. de C.V. ("Zimmer") as part of its raw material procurement plan to aid its new Texas flat roll steel mill. Reportedly, the transaction was financed using the available cash. Notably, the Texas flat roll steel mill
The Securities and Exchange Commission (“SEC”) said in a statement yesterday that Interactive Brokers Group, Inc. IBKR will pay a penalty of $11.5 million to settle charges it repeatedly failed to file Suspicious Activity Reports (“SARs”) for U.S. microcap securities tra
Cohen & Steers CNS reported preliminary assets under management (AUM) of $70.1 billion as of Jul 31, 2020, which increased 5.7% from the prior-month level. Market appreciation of $2.7 billion and net inflows of $1.3 billion were partially offset by distributions of $209 mill
Investors in Centennial Resource Development, Inc. CDEV need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 16, 2020 $1 Call had some of the highest implied volatility of all equity options today.
Lumentum (LITE) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items.
Investors in Hertz Global Holdings, Inc HTZ need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 16, 2020 $1.00 Put had some of the highest implied volatility of all equity options today.