Research & Analysis

Winnebago Industries Ends Remaining Post-Retirement Healthcare Benefits

Winnebago Industries (WGO) is ending its remaining post-retirement healthcare benefits for all participants, the company said Friday in a filing with the U.S. Securities and Exchange Commission. The recreation vehicle maker said at the start of the new year, any retiree from the company under the age of 65 willRead More

Long Bond Leads Lower as Losses Extend to Early June Levels – 10-Year 1.852%

U.S. Treasuries continued to tumble lower Thursday with the long bond hit hardest as the market went after the highest yield/lowest price levels since early June or late May. Participants are cautious ahead of the seven-year auction anticipating below-average results. Friday’s release of the advance Q3 gross domestic product (GDP)Read More

Bonds Drop as Supply, Rate Hikes and Data Drag – 10-Year 1.788%

U.S. Treasuries were sunk Wednesday as European sovereigns led bond markets lower early. Heavy supply added pressure in front of a likely December rate increase, while the U.S. elections as well as batch of mediocre auctions and improved domestic data weighed. The long end led the way lower with theRead More

Franklin Electric Q3 Earnings Meet Views, Revenues Shy; Narrows FY EPS Guidance

Franklin Electric Co (FELE) reported Q3 adjusted earnings of $0.48 per share, up from $0.45 a year ago and in line with the average estimate from analysts polled by Capital IQ. Revenue rose 3% to $239.8 million and missed the $243.6 million consensus. “As we look forward to the fourthRead More

Genworth Financial Tumbles 5% on $2.7 Bln Takeover Deal with China Oceanwide; Unveils Preliminary Charges for Q3

Genworth Financial Inc (GNW) shares were 5% lower Monday morning after the provider of mortgage insurance products entered into a definitive agreement to be acquired by China Oceanwide in a transaction valued at $2.7 billion, or $5.43 per share in cash. The acquisition will be completed through Asia Pacific GlobalRead More

Kimberly-Clark Expected to Post Year-on-Year Growth in Quarterly Earnings

Kimberly-Clark (KMB) is expected by analysts to report year-over-year gains in third-quarter adjusted earnings per share, revenue and gross margin when the consumer-products company releases the results Monday morning. Analysts expect the company, whose products include Kleenex tissues, Scott toilet paper and Huggies diapers, to post third-quarter adjusted earnings perRead More