Author: John Meady

Analysis, BioTech, Commodities, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, software, Tech IPO

BASF`s Crop Protection Products Help Boost Results in First Quarter

In the first quarter, BASF BAS continued to rely on its diversified product mix in what has been a challenging market environment for chemical producers. BASF’s agriculture and oil and gas businesses propped up sales in the first quarter, as revenues increased 4.8% year over year. On a geographic basis, management noted that growth in China was below the firm’s expectations during the quarter. Excluding … Continue reading BASF`s Crop Protection Products Help Boost Results in First Quarter

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Finance

Momentum Stocks – 58.com (NYSE:WUBA) , Xerox (NYSE:XRX), Mentor Graphics (NASDAQ:MENT) , First Majestic Silver (NYSE:AG) , Cal-Maine Foods (NASDAQ:CALM)

On 30 June announced 58.com Inc. (ADR) (NYSE:WUBA) a China-based classified site similar to Craigslist, has won a US$736 million investment from Tencent Holdings Ltd., the operator of major social and messaging platforms in China. 58.com Inc (ADR) (NYSE:WUBA) stock performance was -0.68% in last session and finished the day at $48.33. Traded volume was 567,200.00million shares in the last session and the average volume … Continue reading Momentum Stocks – 58.com (NYSE:WUBA) , Xerox (NYSE:XRX), Mentor Graphics (NASDAQ:MENT) , First Majestic Silver (NYSE:AG) , Cal-Maine Foods (NASDAQ:CALM)

John Meady
Analysis, BioTech, Commodities, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, software, Tech IPO

Credit Suisse Reports a Strong First Quarter

Credit Suisse CS earned CHF 1,026 million (CHF 0.76 per diluted share) in the first quarter compared with CHF 41 million in the year-ago quarter and CHF 221 million in the trailing quarter on better trading results and lower expenses. This quarter’s reported profit, which included CHF 80 million of noncash own-debt losses, amounted to an 11% return on equity. On a management-provided underlying basis, … Continue reading Credit Suisse Reports a Strong First Quarter

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Finance

Why Need to Watch – 3M Co (NYSE:MMM) , Camden Property Trust (NYSE:CPT) , Travelzoo Inc. (NASDAQ:TZOO) , Hampton Roads Bankshares, Inc. (NASDAQ:HMPR)

3M Co (NYSE:MMM) will pay about $885 million for Sumitomo Electric Industries Ltd’s stake in their Japan joint venture, giving the diversified U.S. manufacturer full control of the business, 3M said on Wednesday. The deal is expected to add about 8 cents per share to earnings in the first 12 months after it closes, 3M said. Analysts, on average, expect 3M to earn $7.46 per … Continue reading Why Need to Watch – 3M Co (NYSE:MMM) , Camden Property Trust (NYSE:CPT) , Travelzoo Inc. (NASDAQ:TZOO) , Hampton Roads Bankshares, Inc. (NASDAQ:HMPR)

John Meady
Analysis, BioTech, Commodities, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, software, Tech IPO

Kirby’s Coastal Operations Continue to Improve in the First Quarter

Kirby’s KEX first-quarter revenue fell 1% from last year. The decline was driven by anemic demand for United’s pressure pumping units, tempered by solid inland trends and improvement in coastal operations. The marine transportation business (75% of first-quarter sales) saw revenue increase 25%, thanks to persistent petrochemical and crude oil shipment demand, which is supporting 90%- plus inland-fleet utilization and favorable pricing. Market conditions in … Continue reading Kirby’s Coastal Operations Continue to Improve in the First Quarter

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