Stockwinners Market Radar for April 30, 2017 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
FOX... | Hot Stocks20:36 EDT On The Fly: Top five weekend stock stories - Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Twenty-First Century Fox (FOX) and private equity firm Blackstone (BX) are in talks on a joint bid for Tribune Media (TRCO), potentially besting Sinclair's (SBGI) pursuit of the company, according to the Financial Times. 2. Speaking at a TED conference Friday, Tesla (TSLA) CEO Elon Musk revealed a teaser image of the company's semi truck and hinted at plans for as many as four additional Gigafactories. 3. Twitter (TWTR) CEO Jack Dorsey disclosed Friday the purchase of roughly 574,000 company shares, building on a similarly-sized buy in February. Note that, following the February purchase, research firm Odeon called the event an opportunity to bet against the company. 4. Comcast (CMCSA) subsidiary Universal's "The Fate of the Furious" passed the $1B mark across global box offices as Disney (DIS) prepares to launch "Guardians Of The Galaxy Vol. 2" next weekend. 5. Caterpillar (CAT), NextEra Energy (NEE), Edgewell Personal Care (EPC), Coach (COH) and fiberoptic names including Lumentum (LITE) and Oclaro (OCLR) drew positive mention in Barron's, while Express Scripts (ESRX) and Chipotle (CMG) were discussed cautiously.
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AMZN | Hot Stocks19:04 EDT Amazon to phase out free app program - Amazon announced in a blog post Friday: "While we will continue to expand the Amazon Appstore experience, we have decided to discontinue the Underground Actually Free program. All support for the program will end in 2019. Until then, current Fire tablet customers can continue to enjoy previously installed Underground apps and access the Underground Actually Free store. Fire tablet access to the Underground store will not extend beyond currently supported devices. Access to the Underground Actually Free store through Amazon's Appstore for Android devices will end in summer 2017." Reference Link
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CYH... | Hot Stocks17:49 EDT Pence: 'Hope' to replace Obamacare before year end - Speaking in an NBC interview broadcast Sunday, Vice President Mike Pence said, "I believe through a series of bills -- this first one we're hopeful there'll be action in the House of Representatives soon -- and through executive action and through further legislation that we'll deliver on our promise to repeal and replace Obamacare." Asked whether repeal and replace would be achieved before year end, Pence appeared to hesitate against such a commitment, saying only, "I hope before the end of the year." Separately, President Donald Trump tweeted Sunday, "New healthcare plan is on its way." Publicly traded companies in the hospital, healthcare, and insurance spaces include Community Health Systems (CYH), HCA (HCA), LifePoint (LPNT), Tenet (THC), Universal Health Services (UHS), UnitedHealth (UNH), Kindred (KND), Ventas (VTR), Aetna (AET), Anthem (ANTM), Cigna (CI) and Humana (HUM). Reference Link
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TSLA | Hot Stocks17:13 EDT Tesla CEO hints at plans for additional Gigafactories - The TED organization has released highlights of Elon Musk's appearance at the group's conference Friday. Among other statements, the Tesla CEO said the company is on track to complete a fully autonomous cross-country drive by "November or December of this year." On Tesla's semi truck project, Musk said the vehicle "can out-torque any diesel semi" while remaining nimble. Turning to the company's production plans, the CEO said Tesla plans to announce locations for an additional four Gigafactories late this year. Reference Link
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CMCSA... | Hot Stocks16:47 EDT Box Office Battle: 'Furious' crosses $1B as 'Guardians Of Galaxy' preps launch - Comcast's (CMCSA) "The Fate Of The Furious" earned $19.4M domestically over the weekend of April 30 - narrowly missing estimates of $22M-$23M - while taking in $68.4M from international territories. The eighth entry in "The Fast and the Furious" franchise has now reached U.S. and global totals of roughly $193M and $1.1B. BOX OFFICE RUNNERS-UP: Lionsgate's (LGF.A) comedy "How To Be A Latin Lover" debuted at $12M. Featuring Eugenio Derbez and Salma Hayek in an ensemble cast, the film holds a 50% critics rating on reviews aggregator Rotten Tomatoes and was produced with a reported budget of $12M. Taking third place, Indian fantasy epic "Baahubali: The Conclusion" opened ahead of estimates at $10.1M despite a limited release. STX Entertainment thriller "The Circle," meanwhile, debuted at $9.3M versus expectations for $14M-$16M. The film, an Emma Watson and Tom Hanks-led adaptation of a 2013 novel, received a rare D+ in audience polls from CinemaScore, holds a Rotten Tomatoes score of just 18%, and was produced with an $18M budget. Rounding out the top five, Fox's (FOX) "The Boss Baby" added $9.1M in its fifth weekend. Also of note was the foreign launch of Disney's (DIS) "Guardians Of The Galaxy Vol. 2," which saw the superhero film gross $101.2M ahead of its May 5 debut in the U.S. Other publicly traded companies in filmmaking include Sony (SNE), Time Warner (TWX) and Viacom (VIA).
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ELLO | Hot Stocks14:33 EDT Ellomay Capital enters agreement to acquire Talasol Solar - Ellomay Capital announced Sunday the entry into a share purchase agreement pursuant to which it purchased and acquired the entire share capital of a Spanish company, Talasol Solar, promoting the construction of a photovoltaic plant with peak capacity of 300MW in Talavan, Spain. Based on an initial study performed by Ellomay's technical advisors, the project's CapEx including development costs and interest is expected to be approximately EUR 225M-255M depending on the terms of the EPC agreement that will be executed in connection with the project and other factors. The project is expected to produce approximately 580GWh per year, and based on the "base case" scenario of a prices projection study is expected to yield revenues of approximately EUR 25M per year. Ellomay expects the project's operating and G&A expenses will amount to approximately EUR 6M and, therefore, revenues net of such expenses are currently expected to be approximately EUR 19M. The project is expected to be construction ready within 10-15 months. The SPA provides that the purchase price for Talasol's shares is EUR 10M.
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GLPG | Hot Stocks14:23 EDT Galapagos presents preclinical data on osteoarthritis candidate GLPG1972 - Galapagos announced Saturday the presentation of pre-clinical pharmacology data with GLPG1972 at the Osteoarthritis Research Society International annual meeting. Galapagos and collaboration partner Servier are developing a potential disease-modifying oral therapy for osteoarthritis with GLPG1972. "Galapagos today discloses that GLPG1972 is a potent and highly selective inhibitor of ADAMTS-5, a well-established target in the literature for osteoarthritis... At the OARSI 2017 World Congress, Galapagos presents pre-clinical pharmacology data with GLPG1972 showing cartilage protection in both rodent and human explant assays. Disease-modifying activity with GLPG1972 in the gold-standard, destabilization of the medial meniscus rodent model will also be presented," the company said. Galapagos plans to initiate a Phase 1b study in osteoarthritis patients in the United States this quarter.
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SO... | Hot Stocks14:16 EDT Southern Co subsidiary extends interim agreement for Vogtle nuclear expansion - Georgia Power and Westinghouse announced Friday they have extended the interim assessment agreement that will allow work to continue at the Vogtle nuclear site through May 12. "During this time, the parties will continue to work on finalizing a new service agreement which would, if necessary, assure that Westinghouse continues to provide design, engineering and procurement services to Southern Nuclear as a part of their assumption of control over construction management. Georgia Power will continue work to complete its full-scale schedule and cost-to-complete analysis and actively work with the Georgia Public Service Commission and the co-owners... to determine the best path forward for customers. The company will continue to take every action available to hold Westinghouse and Toshiba (TOSBF) accountable for their financial responsibilities under the engineering, procurement and construction agreement and the parent guarantee," the company said. Georgia Power is the largest electric subsidiary of Southern Company (SO).
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CG | Hot Stocks14:10 EDT Sequa completes recapitalization with participation from Carlyle Group - Sequa Corp announced Friday the completion of a comprehensive recapitalization that includes the issuance of new first and second lien term loans and "significant" new equity investments by affiliates of Carlyle Group and other existing noteholders. Proceeds from the new term loans and equity investment will be used to repay Sequa's existing term loans and provide capital to support the company's growth plan. In addition, Sequa announced the early settlement of an exchange offer for its senior unsecured notes due December 2017, pursuant to which certain holders, including affiliates of Carlyle and other existing noteholders, exchanged their notes for newly issued convertible PIK preferred stock. Following the transaction, Carlyle continues to hold a majority of Sequa's voting securities.
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IBM | Hot Stocks14:07 EDT IBM says granted patent for drone package transfer - IBM announced Friday that its inventors have been granted a patent for transferring packages between drones during flight. The invention described in U.S. patent no. 9,561,852 "helps to extend the range of drones that are delivering packages from a warehouse to a customer's home. IBM inventors developed this patented system using their supply chain expertise to enable precise delivery services to customers using drones... Our inventor team is focused on improving how the most valuable cargo is delivered globally. This could create opportunities such as managing drones to deliver postal packages and medicine in developing countries via the most direct route," the company noted.
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GRAM | Hot Stocks14:05 EDT Grana y Montero completes sale of PRINSUR stake for $25M - Grana y Montero announced Friday that it has closed the sale of the 22.5% stake that Viva GyM, the company's real estate subsidiary, held through Proyectos Inmobiliarios Consultores in PRINSUR. Inversiones Centenario, its partner in PRINSUR, purchased the shares and made the full payment of $25M.
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KO | Hot Stocks13:49 EDT Coca-Cola Bottling UNITED says closes Georgia transaction with Coca-Cola - Coca-Cola Bottling Company UNITED announced Friday it closed a transaction with Coca-Cola that expands UNITED's territory to include metro Atlanta and seven additional Coca-Cola territories in Georgia. UNITED also acquired two production facilities as part of the transaction. The transaction follows UNITED's 2015 announcement in which it signed letters of intent with Coca-Cola for the acquisition of territories in Athens, Dublin, Gainesville, Jasper, Lawrenceville, Macon, Rome, and metropolitan Atlanta, as well as production facilities in College Park and Marietta. "The magnitude of this transaction is significant, in that we are increasing the overall size of our company by some 40% and adding more than 2,000 associates to the UNITED family," the company said.
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RYN... | Hot Stocks08:21 EDT Week in review: How Trump's policies moved stocks - Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Trump and his administration with this weekly recap compiled by The Fly: 1. CANADIAN LUMBER: On Monday, the Trump administration announced that it will impose new tariffs on Canadian softwood lumber imports. According to media reports, the Commerce Department determined that the neighboring country had been improperly subsidizing the sale of softwood lumber products to the U.S. The tariffs are expected to be between 3%-24%, with penalties being collected retroactively on imports dating back 90 days. Publicly traded companies in the lumber and homebuilding supply space include Rayonier (RYN), Lumber Liquidators (LL), Deltic Timber (DEL), Weyerhaeuser (WY), Norbord (OSB), Potlatch (PCH) and Universal Forest Products (UFPI). 2. ALUMINUM: Earlier this week, the Trump administration launched an investigation into whether a flood of aluminum imports from China and elsewhere is compromising national security, which could lead to broad import restrictions on the metal. Publicly traded companies in the aluminum space include Alcoa (AA), Kaiser Aluminum (KALU) and Century Aluminum (CENX). 3. NET NEUTRALITY: On Wednesday, new FCC chairman Ajit Pai confirmed that he is proposing to roll back net neutrality rules that prohibit broadband providers from giving or selling access to certain internet services over others. Potential stakeholders in net neutrality include Netflix (NFLX), Facebook (FB), Amazon (AMZN), Alphabet (GOOG), Comcast (CMCSA), Verizon (VZ) and AT&T (T). 4. HEALTH CARE SECTOR: Also on Wednesday, the House Freedom Caucus announced it will support an amended plan to replace the Affordable Care Act. According to CNBC, the Freedom Caucus said its members would support the plan if it includes the MacArthur amendment, which would allow states to waive some key Obamacare provisions. Publicly traded companies in the hospital and healthcare insurance space include Community Health (CYH), HCA Holdings (HCA), LifePoint (LPNT), Tenet (THC), Universal Health (UHS), Aetna (AET), Anthem (ANTM), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). 5. TAX REFORM: Wednesday afternoon, Treasury Secretary Steve Mnuchin and National Economic Council director Gary Cohn unveiled the broad strokes of President Trump's tax plan. Among other changes, the proposal calls for just three tax brackets and a doubling of the standard deduction - likely reducing the need to itemize -, while eliminating many tax breaks, with Cohn appearing to specifically criticize the convoluted nature of tax preparation. Shares of publicly-traded tax preparers H&R Block (HRB) and Intuit (INTU) were under pressure following the announcement. 6. OFFSHORE ENERGY: On Friday, President Donald Trump signed an executive order instructing the interior department to revamp the Obama administration's plan to develop federal waters. The executive order looks to turn back efforts to limit drillers in U.S. Arctic waters and elsewhere. Some notable offshore drillers include Atwood Oceanics (ATW), Diamond Offshore (DO), Ensco (ESV), Noble Corp. (NE), North Atlantic Drilling (NADL), Pacific Drilling (PACD), Rowan Companies (RDC) and Seadrill (SDRL). 7. FIRST SOLAR: On Thursday, JMP Securities analyst Joseph Osha upgraded First Solar (FSLR) to Market Perform, saying that a petition regarding foreign-manufactured crystalline silicon cells and modules filed with the U.S. International Trade Commission by Suniva could benefit the company. Recent actions from the Trump administration on other trade issues suggest there is a non-zero chance that the USITC petition in question could be signed if it hits the President's desk, Osha contended. Additionally, the analyst believes First Solar will be able to move product into the U.S. without facing tariffs. "Week in Review" is The Fly's weekly recap of its recurring series of "Trump Effect" exclusive stories.
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