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These are our most recent articles. Also see which stocks have been this week’s best and worst performers.
Abbott Laboratories (ABT)
Founded in 1888, Abbott Laboratories (ABT) is one of the world’s largest medical companies, with a portfolio of leading, science-based offerings in diagnostics, medical devices, nutritionals and branded generic pharmaceuticals. Abbott spun off its research-based pharmaceuticals business AbbVie (ABBV) in January 2013 and has four main business units today: Medical Devices (38% of sales): devices to treat structural heart issues, such as stents, pacemakers, and implantable defibrillators, as well as products to monitor blood glucose levels. Nutritional Products (26%): pediatric and adult nutritional formula such as Similac, Ensure, and Pedialyte. Diagnostic Products (21%): chemical systems to diagnose cancer, drug abuse, cardiac diseases, fertility issues, and infectious diseases, as well as therapeutic drug monitoring and instruments to automate and test DNA [...]
Wells Fargo (WFC)
Wells Fargo (WFC) was founded in 1852 and is the third-largest bank in the country as measured by assets. The bank ended 2017 with about $1.3 trillion in total deposits, and its 90 different business lines collectively generated over $84 billion in revenue from a diversified mix of banking, insurance, investment, mortgage, and consumer and commercial finance services. Unlike many big banks, Wells Fargo has little exposure to investment banking and trading operations. Instead, the firm focuses on simple lending businesses (e.g. mortgages, auto loans, commercial financing) and fee income. The company has three operating segments: Community banking (57% of net income): diversified financial products and services for consumers and small businesses including checking and savings accounts, credit [...]
Dominion Energy (D)
Dominion Energy surprised many investors when it announced plans to acquire SCANA (SCG) in a $14.6 billion all-stock deal on January 3. SCANA’s stock rallied more than 20% on the news, but Dominion’s stock declined around 4%. The deal is expected to close during the third quarter of 2018. SCANA ran into trouble in 2017 when regulators decided to consider suspending over $440 million per year in rates that the company charges customers for its failed nuclear reactor units. SCANA and its partner Santee Cooper spent the past decade building these reactors for roughly $10 billion, but the project isn’t even half-finished today. Worse, $9-16 billion was estimated to be needed to finish the work. As a result, [...]
General Motors (GM)
General Motors was founded in 1897 in Detroit, Michigan, and is one of the largest car makers in the world. The company sells more than 7.5 million vehicles around the world each year primarily through its approximately 19,000 dealerships. GM's global market share is close to 17%, including an industry-leading position in its most profitable region, the U.S. General Motors has embarked on a multi-year strategy to redesign and expand its truck and crossover portfolio, which is more profitable and growing faster than passenger cars. On a retail basis, close to 80% of GM sales are now trucks and crossovers. The company markets its cars and trucks under the following brands: Chevrolet Buick GMC Cadillac Wuling (China) Baojun [...]