Tax Reform

Homebuilder Hovnanian Enterprises, Inc. (NYSE: HOV) reported a top- and bottom-line beat in its fourth-quarter results Thursday, sending shares higher by more than 10 percent.   The Analyst MKM Partners' Megan McGrath downgraded Hovnanian's stock rating from Neutral to Sell...

Walt Disney Co (NYSE: DIS)'s proposed acquisition of most of Twenty-First Century Fox Inc (NASDAQ: FOXA)'s media and entertainment assets is one of two mega mergers in the media sector, the other being AT&T Inc. (NYSE: T)'s offer to buy Time Warner Inc (NYSE: TWX). The Analyst...

President Donald Trump's tax reform victory could positively impact the health care sector and fuel a new round of M&A activity, according to one analyst.  The Analyst Height Healthcare's Shrey Verma and Andrea Harris. The Thesis Corporate tax reform is expected to fuel health...

Mallinckrodt PLC (NYSE: MNK), a generic specialty pharmaceutical company, said Friday in an 8-K filing it expects to see an up to $500 million benefit from President Donald Trump's tax reform plan. What You Need To Know U.S. government officials passed this week the Tax Cut and Jobs Act and...

FedEx Corporation (NYSE: FDX) reaffirmed guidance Tuesday for $1.2 to $1.5 billion in operating income improvement in its Express division and said a U.S. tax cut could add $4.40 to $5.50 to its EPS, according to Loop Capital Markets.   The Analyst Loop Capital Markets' Rick...

The tax reform bill backed by Congressional Republicans could be ready for President Donald Trump's signature as early as Tuesday. If it becomes law, tax reform could benefit tobacco companies who pay high taxes like Altria Group Inc (NYSE: MO), according to Berenberg.  The...

Nomura is calling an end to Apple Inc. (NASDAQ: AAPL)'s bull run, saying in a Tuesday note that the stock no longer has sufficient catalysts to support continued upside. The Analyst Nomura's Jeffrey Kvaal downgraded Apple's stock from Buy to Neutral with a price target lowered from $...

After more than a year of speculation and negotiations, the Republican tax cut bill is taking its final form. Assuming Republicans can get the votes to pass the bill, it seems as if investors are now anticipating a major corporate tax cut that could provide a significant boost to U.S. companies...

Each day, Benzinga will take a look back at a notable market-related moment that happened on this date. What Happened? On this day 32 years ago, the House of Representatives approved the Tax Reform Act of 1986. Where Was The Market? The S&P 500 closed the day at 209.81 and the Dow Jones...

Ameren Corp (NYSE: AEE) missed on third-quarter earnings estimates Nov. 3. The Analyst Morgan Stanley's Stephen Byrd downgraded the power company from Equal-weight to Underweight and left the price target for the stock unchanged at $61. The Thesis Both the House and Senate tax reform...

The Technology Select Sector SPDR (NYSE: XLK) and other technology exchange-traded funds have recently slumped. A big reason why is an obvious sector rotation out of technology into financial services and other groups seen as beneficiaries of the Trump Administration's tax reform effort....

President Donald Trump's proposed tax plan continues to inch closer to passing, which has many corporate CEOs excited about the positive impacts a tax reduction would have on their business and the overall economy. What You Need To Know Tax reform is not only needed at the corporate level,...

The tax bill that's in conference committee at the Capitol will likely have outsized benefits for certain sectors. Although the tax plan isn't finalized, Wall Street analysts are busy offering their opinion on potential winners.  The Analyst Bank of America Merrill Lynch's...

Lam Research Corporation (NASDAQ: LRCX) shares have shed about 14 percent since late November, and at least one analyst thinks now is the right time to build positions in the stock. The Analyst Nomura analyst Romit Shah upgraded his rating on shares of Lam Research from Neutral to Buy and...