NEW YORK _ Griffon Corp. on Thursday reported fiscal second-quarter net income of $5.1 million, after reporting a loss in the same period a year earlier. On a per-share basis, the New York- based company said it had net income of 11 cents. This story was generated by Automated Insights using data from Zacks Investment Research.
With nearly all of their revenue coming from the United States, the companies in the Russell 2000 should be the most obvious beneficiaries of a growing U.S. economy. But investors have figured that out, "said Phil Orlando, chief equity strategist at Federated Investors in New York. Companies in the Russell 2000 look expensive compared with their history, said...
Shares of Samsung Electronics, which have surged almost 35 percent since the start of the year, closed at an all-time high on Thursday boosted by expectations that its smartphone business will continue to drive strong profit growth.
With bigger companies looking to grow, many may look to acquire smaller firms. That’s one of the reasons Mario Gabelli, chairman of Gamco Investors, sees opportunity in small-cap equities.
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