Stockwinners Market Radar for July 09, 2017 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
MYCC... | Hot Stocks20:03 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. ClubCorp (MYCC) announced that it has entered into a definitive agreement with affiliates of certain investment funds managed by affiliates of Apollo Global (APO), pursuant to which the Apollo funds will acquire all of the outstanding shares of ClubCorp for $17.12 per share in cash, or approximately $1.1B. 2. Tesla (TSLA) unveiled its first production Model 3, with the company's CEO Elon Musk tweeting last night: "Production unit 1 of Model 3 is now built and going through final checkout. Pics soon." A few hours later, the chief executive shared the first pictures of the new vehicle in his Twitter account as promised. 3. Apache's (APA) stock could double after years of missteps, given its new gas discoveries and focus on costs, Leslie Norton wrote in this week's edition of Barron's. Both Harris Associates and Davis Funds increased their stakes in the first quarter on the expectation that the shares of the driller could double from a recent $45, Barron's added. 4. Sony's (SNE) second reboot of the Marvel superhero series "Spider-Man: Homecoming" led the North American box office in its weekend debut, with an estimated $117M in sales in the U.S. and Canada, according to ComScore. The film was part of a production deal with Walt Disney's (DIS) Marvel unit and marked Sony's first number 1 opening this year. 5. Autodesk (ADSK), Alexion (ALXN), Electronic Arts (EA), Silicon Laboratories (SLAB), BorgWarner (BWA), O'Reilly Automotive (ORLY), Broadcom (AVGO), Finisar (FNSR), and Lumentum (LITE) saw positive mention in Barron's.
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SNE... | Hot Stocks17:47 EDT Box Office Battle: Revived 'Spider-Man' wins weekend with $117M - Sony's (SNE) second reboot of the Marvel superhero series "Spider-Man: Homecoming" led the North American box office in its weekend debut, with an estimated $117M in sales in the U.S. and Canada, according to ComScore. The film was part of a production deal with Walt Disney's (DIS) Marvel unit and marked Sony's first number 1 opening this year. Overseas, "Spider Man: Homecoming" took in $140M from 56 markets. The superhero reboot holds a critics rating of 93% on Rotten Tomatoes and received an A in audience polls from CinemaScore. BOX OFFICE RUNNERS-UP: Comcast's (CMCSA) "Despicable Me 3" came in second place, declining 53% to $34M for a 10-day domestic total of $149.2M and global tally well north of $300M. Sony's "Baby Driver" followed at number 3 in North America with $12.8M. Behind Sony's second summer win was Warner's (TWX) "Wonder Woman" with $10.1M for a domestic tally of $368.8M and $745.8M worldwide. Rounding out the top five, Viacom's (VIAB; VIA) Paramount Pictures "Transformers: The Last Knight" ended its third weekend with $6.3M for a lackluster North American total of $118.9M. Other publicly traded companies in filmmaking include Lionsgate (LGF.A) and 21st Century Fox (FOX).
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MYCC | Hot Stocks16:29 EDT ClubCorp announces one-time quarterly dividend of 13c - The ClubCorp Board of Directors has declared a one-time quarterly dividend of 13c per share of common stock. The dividend is expected to be paid on July 28, 2017, to shareholders of record at the close of business on July 21, 2017.
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MYCC APO | Hot Stocks16:16 EDT ClubCorp to be acquired by Apollo for $1.1B - ClubCorp (MYCC) announced that it has entered into a definitive agreement with affiliates of certain investment funds managed by affiliates of Apollo Global (APO), pursuant to which the Apollo funds will acquire all of the outstanding shares of ClubCorp for $17.12 per share in cash, or approximately $1.1B. The all-cash transaction represents a premium of approximately 30.7% over ClubCorp's closing stock price on July 7, 2017. The ClubCorp Board of Directors, acting with the recommendation of its Strategic Review Committee, unanimously approved the agreement with the Apollo funds. The transaction is subject to customary closing conditions, including approval by ClubCorp shareholders, and is expected to close in the fourth quarter of this year. Upon completion of the transaction, ClubCorp will be a privately held company, and ClubCorp's common shares will no longer be listed on the New York Stock Exchange.
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WFC | Hot Stocks16:09 EDT Wells Fargo proposed settlement receives preliminary court approval - Wells Fargo announced updates to the settlement agreement for a class-action lawsuit concerning improper retail sales practices following a July 8 order from the U.S. District Court for the Northern District of California granting preliminary approval. With the court's preliminary approval of the settlement agreement, Wells Fargo and the plaintiffs are preparing to issue notices that will provide information about the process for making claims. "We are pleased that the court found the settlement to be fair, reasonable and adequate. This preliminary approval is a major milestone in our efforts to make things right for our customers," said in a statement Tim Sloan, Wells Fargo's President and CEO. Wells Fargo expects this settlement to resolve all claims in 10 other pending class actions that allege unauthorized accounts were opened in customers' names or that customers were enrolled in products or services without their consent. The settlement agreement is subject to final court approval, which will be required before payments are made to class members.
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TSLA | Hot Stocks13:29 EDT Tesla CEO unveils first production Model 3 - Tesla CEO Elon Musk tweeted last night, "Production unit 1 of Model 3 is now built and going through final checkout. Pics soon." A few hours later, the chief executive tweeted the first pictures as promised.Reference Link
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CERN | Hot Stocks12:39 EDT Cerner CEO dies, interim named - Cerner has announced that Neal Patterson, chairman and CEO, passed away on Sunday due to unexpected complications that arose after a recent recurrence of a previously disclosed cancer. Cerner co-founder and vice Chairman of the Board Cliff Illig has been named chairman and interim CEO.
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