The Scotts Miracle-Gro Company’s SMG subsidiary, The Hawthorne Gardening Company, and BFG Supply, a national distributor of horticultural and agricultural products, have forged a strategic partnership. This collaboration entails B
Marvell Technology MRVL recently launched a range of products, such as Nova 2, 3D SiPho Engine, Spica Gen2-T and COLORZ 800, at the Optical Fiber Communication Conference and Exhibition, 2024 (OFC-2024).
Abbott Laboratories, Inc. ABT recently announced the receipt of CE Mark in Europe for its Assert-IQ insertable cardiac monitor (ICM). The ICM offers physicians a new option for diagnostic evaluation and long-term monitoring of peo
With the majority of the industry foaming at the mouth in anticipation of USDA's next numbers, let's take our annual look at what we already know about grain stocks and expected spring plantings.
June S&P 500 E-Mini futures (ESM24) are trending up +0.35% this morning after three major U.S. benchmark indices ended the regular session lower, with investors awaiting the release of the Federal Reserve’s favorite inflation gauge and other economic data due later this week to assess the Fed’s policy path.
AudioCodes Ltd. AUDC has teamed up with Tata Tele Business Services (“TTBS”) to introduce Smartflo UCaaS, a unified communication solution powered by Microsoft Teams, to enterprise clients in India. Leveraging the AudioCodes Live
OVHcloud US and OneNeck IT Solutions LLC have forged a strategic partnership aimed at revolutionizing cloud services for enterprises. By integrating OVHcloud's infrastructure into OneNeck's portfolio, the collaboration promises su
An unusual calm enveloping foreign exchange markets is extending the life of a lucrative trade beyond what many had expected. The so-called carry trade had been expected to fade as major central banks pivot away from hiking rates toward easing policy.
Orange S.A. ORAN and MASMOVIL have announced the completion of their agreement to form a new joint venture (JV) in Spain by merging their operations. Shareholders of Orange and MASMOVIL each hold a 50% share in the joint venture,
Eastman Chemical Company EMN has announced that its molecular recycling facility, located in Kingsport, TN, met its initial production goals and is already generating revenues. The company aims to ramp up production at the plant i
The Progressive Corp, PGR a current Zacks Rank #1 (Strong Buy), is a massive American insurance company. Analysts have taken their earnings expectations higher across the board.
Take-Two Interactive Software TTWO is a leading developer and publisher of video games. Analysts have taken a bearish stance on the company’s outlook, landing the stock into an unfavorable Zacks Rank #5 (Strong Sell).
China's yuan is sliding and market participants suspect authorities are deliberately but slowly engineering a light depreciation of the currency, both to complement an easy monetary policy and to support exports.
As so often with markets, it may be time to get a bit anxious when all around see nothing but blue skies.. Trot out almost any macro market metric you care to think of these days and there appears to be a positive twist - at least for record high stock markets that have clocked up more than 10% gains for a first quarter that was marked at the outset by much investor angst and trepidation.
UPS stock (NYSE: UPS) currently trades at $156 per share, 32% below the peak level of $232 seen in February 2022, and it seems appropriately priced, in our view. UPS stock was trading at around $182 in early June 2022, just before the Fed started increasing rates, and is now
Boeing stock (NYSE: BA) has seen a decline of 10% from levels of $215 in early January 2021 to around $190 now, vs. an increase of about 40% for the S&P 500 over this roughly three-year period. This underperformance can be attributed to a 30% cut in its P/S ratio from 2.1x in
Micron Technology (NASDAQ: MU) posted a solid set of Q2 FY’24 results last week and provided upbeat guidance, as the company benefited from higher memory prices and rising demand for High Bandwidth Memory (HBM) targeted at AI applications. Micron’s revenue for the qua
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