Stockwinners Market Radar for August 20, 2017 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
SBUX... | Hot Stocks20:02 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. B&G Foods (BGS) has entered into a definitive agreement to acquire Back to Nature Foods Company from Brynwood Partners, Mondelez (MDLZ) and certain other entities and individuals for approximately $162.5M in cash. B&G Foods expects the acquisition to close during Q3 of 2017. 2. Sempra Energy (SRE) is nearing an agreement to buy Oncor Electric Delivery for about $9.3B, according to Bloomberg, citing people familiar with the matter. The Texas utility is also being pursued by Warren Buffett's Berkshire Hathaway (BRK.A) and Paul Singer's Elliott Management, the publication noted. 3. Starbucks' (SBUX) mobile order-and-pay feature has become a major hit, Alex Eule wrote in this week's edition of Barron's. In the last quarter, 9% of Starbucks' U.S. orders were placed in advance, and nearly a third of all its orders were paid for via the company's phone app, the publication noted. Eule believes that the stock could jump 20% or more over the next 12 months. 4. Lionsgate's (LGF.A) action comedy "Hitman's Bodyguard" debuted to a better than expected $21.6M from 3,377 theaters to top the weekend box-office chart, as summer revenue continues to tumble. The movie tells the story of a world-renowned bodyguard who is forced to protect an infamous hitman that is scheduled to testify. With a 38% rating on Rotten Tomatoes, "Hitman's Bodyguard" received a B+ CinemaScore rating by audiences. 5. Lockheed Martin (LMT), Gardner Denver (GDI), Cardinal Health (CAH), Patterson Companies (PDCO), ResMed (RMD), AmerisourceBergen (ABC), UnitedHealth (UNH), and Advance Auto Parts (AAP) saw positive mentions in Barron's, while Motorola Solutions (MSI) was mentioned cautiously.
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TWX... | Hot Stocks18:34 EDT Box Office Battle: 'Hitman's Bodyguard' wins weekend with $21.6M - Lionsgate' (LGF.A) action comedy "Hitman's Bodyguard" debuted to a better than expected $21.6M from 3,377 theaters to top the weekend box-office chart, as summer revenue continues to tumble. The movie tells the story of a world-renowned bodyguard who is forced to protect an infamous hitman that is scheduled to testify. With a 38% rating on Rotten Tomatoes, "Hitman's Bodyguard" received a B+ CinemaScore rating by audiences. BOX OFFICE RUNNERS-UP: Warner Bros. (TWX)/New Line's prequel "Annabelle: Creation" finished the weekend in second place, taking in another $15.5M in its second weekend for a domestic total of $64M. Behind it was Steven Soderbergh's "Logan Lucky," with an estimated $8.1M from 3,301 theaters. Warner's "Dunkirk" followed at number four, still going strong with $6.7M for a domestic total of $165.5M. Rounding out the top five, Open Road's "The Nut Job 2: Nutty by Nature" earned $5.1M. Other publicly traded companies in filmmaking include Sony (SNE), Comcast (CMCSA), Walt Disney (DIS), 21st Century Fox's (FOX) and Viacom's (VIAB; VIA).
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GME MSFT | Hot Stocks17:08 EDT GameStop kicks off nationwide pre-orders for Microsoft Xbox One X - GameStop (GME) is offering fans the first chance to experience Microsoft's (MSFT) Xbox One X at GameStop Expo, as part of a multimillion dollar campaign to support the new system. Today, gamers can also pre-order their own Xbox One X - Microsoft's debut 4K UHD console - at GameStop locations nationwide or online at www.gamestop.com/xboxonex. Every year, fans travel to GameStop Expo to check out the newest games, consoles and exclusive collectibles. On August 27, it will also be the only place they can get their hands on Xbox One X, long before the system becomes available on November 7. GameStop is also boosting affordability with special trade-in guarantees for PowerUp Rewards members when used toward the purchase of an Xbox One X system.
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BGS MDLZ | Hot Stocks16:14 EDT B&G Foods to acquire Back to Nature Foods - B&G Foods (BGS) has announced that it has entered into a definitive agreement to acquire Back to Nature Foods Company from Brynwood Partners, Mondelez (MDLZ) and certain other entities and individuals for approximately $162.5M in cash, subject to customary closing and post-closing working capital adjustments. B&G Foods expects the acquisition to close during Q3 of 2017, subject to customary closing conditions, including the receipt of regulatory approvals. B&G Foods expects the acquisition to be immediately accretive to its EPS and free cash flow and projects that following the completion of a six-month integration period, the acquired business will generate on an annualized basis net sales of approximately $80M and adjusted EBITDA of approximately $17M. B&G Foods intends to fund the acquisition and related fees and expenses with additional revolving loans under its existing credit facility.
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