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Hurricane Dorian's Track Shift Lowers Loss Estimates For Insurers
Tuesday, September 3, 2019 - 11:16am | 853Insurance and reinsurance companies were relieved somewhat after a shift in the expected path of Hurricane Dorian, which looked Tuesday morning like it would miss South Florida and may brush much of the Southeastern coast without making landfall. Several publicly traded insurance companies...
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Goldman Sachs Says Evertec Bear Thesis Was 'Wrong,' Puerto Rico Recovering Faster Than Expected
Thursday, February 22, 2018 - 1:03pm | 356Evertec Inc (NYSE: EVTC), a Puerto Rican transaction processing company, has seen its stock gain 15 percent over the past three months, prompting Goldman Sachs to announce its bear thesis was "wrong." The Analyst Goldman Sachs' James Schneider upgraded Evertec's stock...
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JPMorgan Diagnoses The MedTech Space: Stock Picks And Pans
Tuesday, January 2, 2018 - 4:45pm | 377The medical technology space for the most part benefited throughout 2017 and heading into 2018 some Wall Street analysts remain bullish. The Analyst JPMorgan's Michael Weinstein. The Thesis 2017 was a positive year for the MedTech space and was able to overcome multiple challenges,...
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Envision Q4 Outlook Disappoints, But All Hope Is Not Lost
Wednesday, November 1, 2017 - 12:01pm | 350Investors tend to lose confidence in a company's outlook after a stock plunges 30 percent in one day, but that shouldn't be the case when it comes to Envision Healthcare Corporation (NYSE: EVHC), at least according to analysts at Canaccord Genuity. The firm's Richard Close maintains a Buy rating on...
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Envision Healthcare Fundamentals Are 'Questionable,' Expect A Sell-Off
Wednesday, November 1, 2017 - 10:54am | 683Shares of Envision Healthcare Corporation (NYSE: EVHC) were trading notably lower by more than 30 percent Wednesday morning in reaction to the company's disappointing earnings report. Envision Healthcare cited the impact of hurricanes Harvey and Irma for its poor performance in the quarter, but...
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Hurricane Maria May Have Blown Shares Of Popular Down To An Attractive Level
Thursday, October 26, 2017 - 10:14am | 344Shares of Popular Inc (NASDAQ: BPOP), a financial holding company with exposure to Puerto Rico, has fallen more 15 percent since Sept. 18, but this has created a compelling buying opportunity, according to analysts at Barclays. The firm's Matthew Keating upgraded Popular's stock rating from Equal-...
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Chipotle Fails To Live Up To Even The Lowest Of Expectations
Wednesday, October 25, 2017 - 8:27am | 449Heading into Tuesday's earnings report, expectations for Chipotle Mexican Grill, Inc. (NYSE: CMG) were quite low but the company still disappointed investors based on the stock's 10 percent decline. In fact, Wall Street's consensus EPS estimate fell from $1.75 three weeks ago to $1.62...
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Tile Shop Stock Still Carries A High Multiple, Analyst Says
Tuesday, October 3, 2017 - 11:36am | 355Shares of Tile Shop Hldgs, Inc. (NASDAQ: TTS) plummeted more than 30 percent Tuesday morning and hit a new 52-week low of $8.40 after the company cautioned investors that its third-quarter sales will likely fall short of investor expectations. Following the announcement, Telsey Advisory Group's...
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Hurricanes Provide An Underappreciated Tailwind For Generac
Monday, October 2, 2017 - 12:00pm | 367Analysts at KeyBanc Capital Markets turned bullish on Generac Holdings Inc. (NASDAQ: GNRC) after chatting with the company's CEO Aaron Jagdfeld. The firm's Jeffrey Hammond upgraded Generac's stock rating from Sector Weight to Overweight with a newly assigned $55 price target. Generac's earnings...
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PPG Industries Takes A Hit From Natural Disasters, But Buyers Aren't Deterred
Monday, September 25, 2017 - 1:18pm | 355On Monday morning, PPG Industries, Inc. (NYSE: PPG) updated its guidance and informed investors that the recent natural disasters, including hurricanes Maria, Irma and Harvey and the earthquakes in Mexico, will cost the company between 5 and 10 cents in diluted EPS in the third quarter. Despite the...
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Hurricane-Related Transit Destruction Could Lead To Price Hikes, Busted Contracts
Wednesday, September 13, 2017 - 3:39pm | 834Hurricanes Harvey and Irma body slammed two of the biggest export-import hubs in the world, and the impact on prices and shipping costs will be felt for months in places far removed from the scenes of destruction. The impact on ports — Houston alone is the world’s sixth-largest —...
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Hurricane Investment Prep: Timber ETFs
Monday, September 11, 2017 - 8:47am | 541In the wake of Hurricane Harvey and in anticipation of Hurricane Irma, some investors have been paying renewed attention to timber and forestry exchange-traded funds. The dominant names in that group are the Guggenheim MSCI Global Timber ETF (NYSE: CUT) and the iShares Global Timber & Forestry...
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How Past Summer Storms Impacted Gas Prices The Following Month
Sunday, September 3, 2017 - 12:02pm | 872Even as Texas reels under the impact of Harvey and the markets mull over the ramification of the catastrophe on the local and national economy, news of soaring gasoline prices, which rose to a two-year high, set alarm bells ringing. RBOB, or reformulated blend stock for oxygenated blending,...
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Will Hurricane Harvey Be The Costliest Storm The Insurance Industry's Ever Faced?
Monday, August 28, 2017 - 12:19pm | 693When Hurricane Sandy blew through the Northeast, trailing $68.4 billion in damages, insurers felt a $30 billion punch, according to Statista. The Gulf’s legendary Katrina drained some $80 billion from the pot. But insurance companies could escape relatively unscathed from the weekend’s...
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An Energy ETF That's Actually Surging
Monday, August 28, 2017 - 8:30am | 566If investors have heard one thing about the energy sector this year, it is about how poorly the group is performing. Simply put, energy is the worst-performing sector in the S&P 500 in 2017. The Energy Select Sector SPDR (NYSE: XLE), the largest energy exchange traded fund by assets, is down 16...