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At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.20% per year. These returns cover a period from January 1, 1988 through April 1, 2024. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer.
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Company News for May 23, 2017
• Shares of Advanced Micro Devices, Inc. (AMD - Free Report) declined 3.3% following the news that Advanced Micro Devices has decided not to license its graphics technology to Intel Corp. (INTC - Free Report)
• Blackstone Group LP’s (BX - Free Report) shares advanced 6.7% after Saudi Arabia’s Public Investment Fund decided to contribute about $20 billion to Blackstone’s new infrastructure fund
• Shares of Cheetah Mobile Inc (CMCM - Free Report) gained 7.5% after the company reported fiscal first-quarter revenues of $173 million, up 6.8% year over year
• Ferroglobe PLC’s (GSM - Free Report) shares increased 8.7% after the company reported fiscal first quarter revenues of $388 million, beating the Zacks Consensus Estimate of $376 million