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J. Jill, Vera Bradley Jump; Michael Kors to Close At Least 100 Stores

Mukesh Buch
31 May, 2017
New York City

Analog Devices lifted outlook. Daktronics net swung to profit. J. Jill surged after first-quarter result and update fiscal estimate. J. Jill soared in better than expected quarter and improved outlook. Michael Kors and Vera Bradley net swung to a loss.

Cevian Buys 5% Stake in Ericsson, Metro AG Net Tumbles on Flat Revenues

Sarla Buch
31 May, 2017
New York City

Activist investor Cevian Capital acquired additional 5% stake in Ericsson worth $1 billion. IG Group forecasted annual revenues to increase 7%. Londonmetric acquires three urban logistics warehouses for

Smucker Buys Wesson from Conagra, Atwood Oceanics Soars on Merger Offer

Mukesh Buch
30 May, 2017
New York City

American Woodmark net surged on 7%. Atwood Oceanics surged on a merger offer from the U.K.-focused Ensco plc. Smucker agreed to acquire the Wesson oil brand from Conagra Brands for $285 million. Multi-Color annual net doubled.

Dutch Court Rejects Elliott Plea for Akzo Merger, Ryanair Seeks Expansion

Mukesh Buch
30 May, 2017
New York City

Dutch court rejected a plea from the U.S. based activist investor and force Akzo to reconsider merger with the rival PPG. Horizon Discovery plunged. LSE agreed to acquire bond market analysis software business from Citigroup for

Henderson Net Declines 8%, Sanpaolo Restructuring Focuses on Branch Network

Sarla Buch
29 May, 2017
New York City

Hornbach revenues jumped 5%. Henderson lifted its stake in the U.S.-based Empire State Realty Trust. Italy based Sanpaolo intends to close branches as a part of its restructuring plan and reduce operating costs.

Earnings Momentum Lifts Costco to New High; Ulta Beauty Jumps

Mukesh Buch
26 May, 2017
New York City

Big Lots net surged 33% and lifted outlook. Brocade Communications net swung to a loss. Costco jumped to a new high on sustained earnings growth. Marvell net swung to profit. Ulta Beauty net and sales surged.

Brazil Based JBS Seeks Asset Sale, Linde Board Reviews Praxair Offer

Sarla Buch
26 May, 2017
New York City

Brazil based meat processor JBS may be forced to sell some assets as the company faces severe penalties from the widening corruption scandal. Spirax-Sarco agreed to buy Chromalox for

6-Day Rally Lifts S&P 500 to Record High, Best Buy Surges to 11-year High

Mukesh Buch
25 May, 2017
New York City

Market indexes rallied for the sixth day in a row. Abercrombie & Fitch net loss widened as sales plunge continues. Best Buy declined but lifted fiscal forecast. Burlington Stores net surged. Dollar Tree net plunged. Sears net swung to profit but comparable sales accelerated decline.

Aston Martin Sales Soar, Daily Mail and General Lowers Outlook

Sarla Buch
25 May, 2017
New York City

Aston Martin wholesale and retail sales surged and luxury cars maker lifted revenues forecast. Card Factory said sales jumped 6%. Daily Mail and General Trust lowered weak fiscal outlook. Helical revenues plunged. Paypoint net swung to profit.

Advance Auto Misses Estimates, Intuit Powers Ahead; Chico

Mukesh Buch
24 May, 2017
New York City

Advance Auto Parts missed estimates. Chico''s plunged 12% on weak sales and weaker forecast. Intuit revenues jumped as the accounting software developer ramps up payment gateway and mortgage brokerage business. Lowe''s revenues soared. Tiffany net jumped.

Dixons Beat Sales Estimate, M&S Profit Tumbles

Sarla Buch
24 May, 2017
New York City

Dixons Carphone reported strong sales but lowered profit forecast. Glencore made an informal approach to Bunge. Ineos agreed to buy DONG Energy for

AutoZone, Kirkland

Mukesh Buch
23 May, 2017
New York City

AutoZone fell on weak result. Agilent Technologies beat profit estimates. Cracker Barrel declared special dividend and lifted forecast. DSW reaffirmed fiscal outlook. Nordson net plunged 9% but revenues soared 13%. Toll Brothers profit surged and improved fiscal estimate.

Nokia Settles Patent Dispute with Apple, Homeserve Jumps

Sarla Buch
23 May, 2017
New York City

AVEVA continues its growth momentum. Big Yellow net declined. Entertainment One net tumbled as the company restructures its film unit. Homeserve net jumped on strong customer growth. Nokia and Apple settled intellectual property dispute with a multi-year license agreement.

Boeing, Defense Stocks Soar On Saudi Deal

Mukesh Buch
22 May, 2017
New York City

Boeing signed defense and commercial agreements with Saudi Arabia. Booz Allen lifted revenue estimate. Energy XXI Gulf Coast net swung to a loss. Rocky Mountain Chocolate profit declined 22%.

Clariant, Huntsman in $13 B Merger, Elliott Pressures Akzo

Sarla Buch
22 May, 2017
New York City

Elliott Management dragged Akzo Nobel to Dutch court. Aegon agreed to sell its two largest U.S. run-off businesses to rival Wilton Re. Clariant agreed to acquire the U.S.-based Huntsman for $6.4 billion. Metals Exploration tumbled.

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