Pfizer, Inc. PFE announced that a phase III study evaluating its blockbuster drug, Ibrance, in patients with high-risk early breast cancer failed to meet the primary endpoint.
Monday, October 12, 2020It’s the calm before the storm. Not referring to Hurricane Delta, which slammed the Gulf Coast over the weekend in just about the same location Hurricane Laura did in late August, but referring instead to Q3 earnings season, which ramps up beginning thi
Enhancing its capital structure flexibility, Plymouth Industrial REIT, Inc. PLYM entered a $300-million unsecured credit facility, consisting of a revolving credit facility of $200 million and a term loan of $100 million. With this, the company expanded its line capacity and red
A unit of Chevron CVX announced a partnership with the waste management firm, Brightmark Energy, to manufacture and market dairy biomethane, which is a type of a renewable natural gas (“RNG”), containing methane emissions. The drive comes as fossil-fuel manufacturers are und
B2Gold Corp. BTG is well poised to gain from ongoing solid performances of its operating mines and expected savings from focus on cost management. The company’s shares have gained 73.3% so far this year, compared with the industry’s growth of 42.9%. Notably, the S&P 500
PPG Industries Inc. PPG recently announced that it expects adjusted earnings per share (EPS) for the third quarter of 2020 between $1.90 and $1.94, up from adjusted EPS of $1.67 recorded in third-quarter 2019. Additionally, the company said that it now expects sales volumes for
Olin Corporation OLN recently stated that its third-quarter 2020 financial results are expected to include non-cash pretax impairment charge of around $700 million related to goodwill. The charge is mainly due to the persistently lower stock price of the company during 2020. The
V.F. Corporation VFC is slated to report second-quarter fiscal 2021 results on Oct 16, before the opening bell. This lifestyle apparel designer player delivered an earnings surprise of 16.2% in the last reported quarter. Moreover, the company’s earnings outpaced the Zacks Cons
Arch Capital Group Ltd. ACGL agreed to acquire Watford Holdings Ltd. WTRE for $622 million in cash. Pending approval, the transaction is expected to culminate in the first quarter of 2021.Watford Holdings is a multi-line Bermuda reinsurance company. Arch Capital acquired 11% sta
Enerpac Tool Group Corp. EPAC seems to have lost its sheen due to challenges and uncertainties related to the pandemic. Also, lower oil and gas prices as well as international exposure are concerning for the company. Notably, its price performance has been weak comparatively and
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The third-quarter 2020 earnings season begins this week, with major banks releasing their financial reports. The third-quarter earnings results are likely to have strong implications on Wall Street after the disappointing results during the coronavirus-hit second quarter, which
Apart from COVID-19, the presidential election is a pretty hot topic now, especially with the event just a few weeks away. Chances of Democrats taking over the House and Senate in November are rising. Per an ABC News/Washington Post national poll released on Sunday, Biden has a
Choosing breakout stocks is one of the most favored methods for those utilizing an active investing approach since this strategy promises superlative returns. This method involves zeroing in on stocks whose prices vary within a narrow band.