Today's Research Reports on Stocks to Watch: iRobot and Northern Dynasty Minerals
NEW YORK, NY / ACCESSWIRE / April 27, 2017 / The major indexes failed to hold onto early gains Wednesday as President Trump released the outline of his tax-reform plan. The Dow Jones Industrial Average hit a high of 21,070.90 before settling to close at 20,975.09, down 0.10 percent, while the S&P 500 Index touched a high of 2,398.16 before settling to close at 2,387.45, down 0.05 percent. As of Wednesday, approximately 77 percent of the 181 S&P 500 companies that have reported earnings have topped expectations, according to data from The Earnings Scout.
"The discussion around the tax plan is a positive for the market," said John Conlon, Chief Investment Officer at People's United Wealth Management. Conlon added, "I don't think the market is excited; I think it takes some pressure off the market, but there are still questions about some of the details."
RDI Initiates Coverage on:
iRobot Corp.
https://ub.rdinvesting.com/news/?ticker=IRBT
Northern Dynasty Minerals Ltd.
https://ub.rdinvesting.com/news/?ticker=NAK
iRobot's shares surged 15.74 percent to close at $80.02 a share on Wednesday. The stock traded between $74.00 and $82.44 on volume of 3.67 million shares traded. The company reported revenues were $168.5 million for the first quarter of 2017, an increase of 28.8 percent when compared to revenues of $130.8 million in the first quarter of 2016. Net income was $16.4 million or $0.58 a share for the first quarter of 2017, compared with a net income of $3.9 million or $0.13 a share reported a year ago. iRobot now expects revenues to be in the range of $780 million to 790 million for the fiscal year 2017, up from previous guidance of $770 million to $785 million. Shares of iRobot have gained approximately 36.9 percent year-to-date.
"Our first quarter results were outstanding. Building off the strong momentum we experienced during the year-end holidays, iRobot delivered first quarter 2017 consumer revenue growth of 32% due to growth across all regions," said Colin Angle, Chairman and Chief Executive Officer of iRobot.
Access RDI's iRobot Research Report at:
https://ub.rdinvesting.com/news/?ticker=IRBT
Northern Dynasty Minerals' shares spiked 10.00 percent to close at $1.65 a share on Wednesday. The stock traded between $1.50 and $1.73 on volume of 7.00 million shares traded. On April 11th, the company announced that its US subsidiary, Pebble Limited Partnership, received approval from the Alaska Department of Natural Resource for its Miscellaneous Land Use Permit at the Pebble Project in southwest Alaska. Shares of Northern Dynasty Minerals have fallen approximately 20.29 percent year-to-date.
"The Alaska Department of Natural Resources and other state agencies have had an active oversight presence at the Pebble Project site for more than a decade, and have confirmed that Pebble is a well-managed exploration project," said Tom Collier, Pebble Partnership CEO. "We will continue our site operations in 2017 in full compliance with the State's permit conditions, and in a manner that protects the broader public interest in the lands and resources surrounding the Pebble property."
Access RDI's Northern Dynasty Minerals Research Report at:
https://ub.rdinvesting.com/news/?ticker=NAK
Our Actionable Research on iRobot Corporation (NASDAQ: IRBT) and Northern Dynasty Minerals Ltd. (NYSE MKT: NAK) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
