Stockwinners Market Radar for July 23, 2017 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
KKR... | Hot Stocks20:01 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. Private equity firm KKR (KKR) is nearing an all-cash deal to acquire WebMD (WBMD), a U.S. online health publisher with a market capitalization of $2.1B, according to Reuters, citing people familiar with the matter. The deal is expected to be announced by Monday, the sources said. 2. EU antitrust regulators are investigating allegations of a cartel among a group of German carmakers, such as BMW (BMWYY), Daimler AG (DDAIF) and Volkswagen (VLKAY), which could result in hefty fines for the companies, according to media reports. 3. Five years after Leucadia National (LUK) announced its merger with Jefferies Group, the combined company, and its shares, seem poised to prosper, Leslie Norton wrote in this week's edition of Barron's. Some investors believing its shares could be worth $30 or more, the publication noted. 4. Warner's (TWX) "Dunkirk" had a better than expected opening, with a $50.5M domestic debut. Overseas, the World War II film also impressed, earning $55.4M from its first 46 markets. Alongside strong reviews, Christopher Nolan's "Dunkirk" earned an A- CinemaScore from audiences, while holding a critics rating of 92% on Rotten Tomatoes. 5. Flex (FLEX), Nike (NKE), Facebook (FB), Intuitive Surgical (ISRG), Arista Networks (ANET), Boeing (BA), Lockheed Martin (LMT), United Technologies (UTX), Raytheon (RTN), L3 Technologies (LLL), General Dynamics (GD), Northrop Grumman (NOC) and Rockwell Collins (COL) saw positive mention in Barron's, while Applied Optoelectrics (AAOI), Lumentum (LITE) and Oclaro (OCLR) were mentioned cautiously.
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TWX... | Hot Stocks18:50 EDT Box Office Battle: 'Dunkirk' wins weekend with $50.5M debut - Warner's (TWX) "Dunkirk" had a better than expected opening, with a $50.5M domestic debut. Overseas, the World War II film also impressed, earning $55.4M from its first 46 markets. Alongside strong reviews, Christopher Nolan's "Dunkirk" earned an A- CinemaScore from audiences, while holding a critics rating of 92% on Rotten Tomatoes. BOX OFFICE RUNNERS-UP: Comcast's (CMCSA) "Girls Trip" came in second place, debuting to $30.4M from 2,591 theaters. The comedy nabbed an A+ CinemaScore. Behind it was Sony's (SNE) second reboot of the Marvel superhero series "Spider-Man: Homecoming" with an estimated $22M in its third outing for a domestic total of $252M. 21st Century Fox's (FOX) "War for the Planet of the Apes" followed at number 4, tumbling 64% in its second weekend to $20.4M for a 10-day total of $97.8M. Rounding out the top five, "Valerian," a sci-fi epic costing $180M, ended the weekend with a $17M from 3,553 theaters. STX Entertainment is releasing the movie domestically. Other publicly traded companies in filmmaking include Lionsgate (LGF.A), Walt Disney (DIS) and Viacom's (VIAB; VIA).
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YTRA | Hot Stocks17:02 EDT Yatra to acquire Air Travel Bureau - Yatra has announced that it has entered into a definitive agreement, through its subsidiary, Yatra Online Private Limited, under which it will acquire Air Travel Bureau, which is India's largest independent corporate travel services provider. The Boards of Directors of both companies have approved the transaction. Pursuant to the terms of the definitive agreement, Yatra has agreed to acquire all of the outstanding shares of Air Travel Bureau and assume its debt.
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KEN | Hot Stocks16:58 EDT Yoav Doppelt stepping down as Kenon CEO - Kenon has announced that its CEO Yoav Doppelt has informed the Board of his intention to step down as CEO of Kenon with effect from September 1, 2017. Doppelt will remain as executive chairman of the board of directors of IC Power and will continue to serve as a director of IC Power's subsidiary OPC Energy and as a director of ZIM, in which Kenon holds a 32% interest. The Board has appointed, with effect from September 1, 2017, Barak Cohen, currently Vice President of Business Development and Investor Relations of Kenon, and Robert Rosen, currently General Counsel of Kenon, to serve as co-CEOs of Kenon. Cohen and Rosen have been actively involved in the management of Kenon since its spin-off from Israel Corporation in 2015, and are committed to lead Kenon in the implementation of its strategy to realize the value of its businesses for its shareholders.
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KEN | Hot Stocks16:54 EDT Kenon considering sale of IC Power businesses in Latin America - Kenon has announced that it has been approached by, and received indicative, non-binding offers from, parties looking to acquire some or all of the businesses of its subsidiary I.C. Power in Latin America and the Caribbean. As a result, Kenon is considering such a sale and is in discussions with such parties with a view to negotiating a transaction that would maximize value for Kenon's shareholders. Such a transaction, if agreed and consummated, would be consistent with Kenon's strategy to realize the value of its businesses for its shareholders, which may include monetization of its businesses. There is no assurance that such discussions will result in a sale.
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UA... | Hot Stocks16:50 EDT Before the Move: Watch Under Armour after Spieth wins British open - Jordan Spieth beat fellow American Matt Kuchar by three strokes in a thrilling duel at Royal Birkdale on Sunday. This was his third major title, with the 23-year-old going to the U.S. PGA Championship needing only that title to complete the Grand Slam. Spieth, who won the Masters and the U.S. Open in 2015, will turn 24 on Thursday, and therefore has become the second player to win three legs of golf's Grand Slam before turning 24. UNDER ARMOUR: Jordan Spieth is sponsored by Under Armour (UA, UAA), having first signed with the company in January 2013. Two years later, the golf phenom and the sports apparel and footwear maker renegotiated a new, 10-year deal that assured no logos from Nike (NKE), Adidas (ADDYY) or any other competitor would appear on Spieth's shoes or clothing until after the 2025 season, according to ESPN. The athlete's Masters victory back in 2015 sent shares of Under Armour higher. PRICE ACTION: According to Google Finance data, Under Armour shares closed at $83.75 on April 10, 2015 and then closed at $85.11 on April 13, 2015, giving it a gain of $1.36, or 1.6%, on the day after that his Master's win. OTHERS TO WATCH: Golf goods retailers include Dick's Sporting (DKS), which owns the Golf Galaxy brand, and Callaway Golf (ELY). "Before the Move" is The Fly's recurring series of exclusive stories that identify potentially market moving events, along with analyst predictions, ahead of the news.
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