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Stockwinners Market Radar for September 04, 2017 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
| VLKAY... | 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. United Technologies (UTX) and Rockwell Collins (COL) have announced that they have reached a definitive agreement under which United Technologies will acquire Rockwell Collins for $140 per share, in cash and stock. The transaction is projected to close by Q3 of 2018, subject to approval by Rockwell Collins' share owners, as well as other customary closing conditions, including the receipt of required regulatory approvals. The purchase price implies a total equity value of $23B and a total transaction value of $30B, including Rockwell Collins' net debt. 2. Volkswagen (VLKAY) has put the $1.8B sale of Ducati motorcycles on hold after resistance from German trade unions and internal rifts on strategy, according to a report by Reuters, citing sources familiar with the matter. Ducati is wholly controlled by Volkswagen's luxury brand Audi, which is at odds with the parent over strategy, and a decision to sell the 91-year old business, the publication noted. 3. Hurricane Harvey may be one of the costliest disasters for property and casualty insurers, but it probably will not change weak commercial and reinsurance pricing, or will it be enough to dent the industry's huge capital base, Andrew Bary wrote in this week's edition of Barron's. The bulk of the industry's losses should come from commercial policies, while losses on homeowner's insurance are expected to be moderate, since policies exclude flood coverage, he noted. Bary argued that Chubb (CB) looks like one of the better industry plays, with double the market value of Allstate (ALL) or Progressive (PGR), and with probably more growth opportunity than the largely domestic Travelers (TRV). 4. In the worst Labor Day in 20 years, Lionsgate' (LGF.A) action comedy "Hitman's Bodyguard" benefited from lack of competition, grossing $10.5M from 3,370 theaters for the three days and $13.4M for the four. The movie's domestic total through Monday is an estimated $58.1M. 5. Nathan's Famous (NATH), Honda (HMC), Sony (SNE), Wal-Mart (WMT), BlackRock (BLK), New Relic (NEWR), Ansys (ANSS), and Flex (FLEX) saw positive mentions in Barron's, while Papa John's (PZZA), DaVita (DVA) and American Renal (ARA) were mentioned cautiously.
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| FUL | Hot Stocks20:02 EDT H.B. Fuller to acquire Royal Adhesives & Sealants - H.B. Fuller has announced that it has signed an agreement to purchase Royal Adhesives & Sealants. This business consistently delivers industry-leading growth rates, EBITDA margins, and free cash flow that are expected to enhance H.B. Fuller's position as a global leader in the adhesives industry. "This accretive acquisition accelerates realization of our 2020 strategic objective to focus and grow in engineering adhesives and other highly specified market segments, while exceeding our targeted cash flow, EPS and EBITDA margin targets," says H.B. Fuller President and Chief Executive Officer Jim Owens. Royal is expected to generate approximately $650M in revenue and $138M in adjusted EBITDA for H.B. Fuller's fiscal year 2017. The company operates 19 manufacturing facilities in 5 countries, and employs approximately 1,500 people globally. The agreed upon purchase price is $1,575M, subject to customary adjustments. H.B. Fuller intends to finance the transaction through new debt financing.
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| UTX COL | Hot Stocks19:22 EDT United Technologies to acquire Rockwell Collins for $30B - United Technologies (UTX) and Rockwell Collins (COL) has announced that they have reached a definitive agreement under which United Technologies will acquire Rockwell Collins for $140 per share, in cash and stock. Under the terms of the agreement, each Rockwell Collins share owner will receive $93.33 per share in cash and $46.67 in shares of United Technologies common stock, subject to a 7.5% collar centered on United Technologies' August 22, 2017 closing share price of $115.69. United Technologies expects to fund the cash portion of the transaction consideration through debt issuances and cash on hand, and the company is committed to taking actions to maintain strong investment grade credit ratings. The transaction is projected to close by Q3 of 2018, subject to approval by Rockwell Collins' share owners, as well as other customary closing conditions, including the receipt of required regulatory approvals. The purchase price implies a total equity value of $23B and a total transaction value of $30B, including Rockwell Collins' net debt.
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| NORD | Hot Stocks18:26 EDT Nord Anglia announces completion of merger - Nord Anglia Education has announced the completion on September 1, 2017 of the merger contemplated by the previously announced agreement and plan of merger dated as of April 25, 2017 among the company, Bach Finance Limited, or parent, and Bach Acquisitions Limited, a subsidiary of parent. As a result of the merger, the company became a subsidiary of parent and will cease to be a publicly traded company. In accordance with the terms of the Merger Agreement, which was approved by the company's shareholders at an extraordinary general meeting held on August 21, 2017, each outstanding ordinary share of the company has been cancelled in exchange for the right to receive $32.50 per share in cash, without interest and net of any applicable withholding taxes, except for shares held by Premier Education or any transferee of Premier Education, shares held by parent, the company or any of their subsidiaries, and shares held by shareholders who have validly exercised and have not effectively withdrawn or lost their dissenters' rights under the companies Law of the Cayman Islands. Under the terms of a share sale and support agreement between Parent and Premier Education, Premier Education sold its shares to parent on the closing date for $32.50 per Share, after which such shares were cancelled for no consideration in the merger. Shares held by parent, the company or their subsidiaries were cancelled for no consideration in the merger. The Dissenting shares were cancelled and, if they elect to continue with their dissent, former holders thereof will be entitled to receive the fair value of the Dissenting Shares held by them determined in accordance with Section 238 of the Companies Law of the Cayman Islands. The company also announced that it requested that trading of its Shares on the New York Stock Exchange be suspended before the market opens on September 5, 2017.
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| TWX... | Hot Stocks17:52 EDT Box Office Battle: 'Hitman's Bodyguard' wins worst Labor Day in 20 years - In the worst Labor Day in 20 years, Lionsgate' (LGF.A) action comedy "Hitman's Bodyguard" benefited from lack of competition, grossing $10.5M from 3,370 theaters for the three days and $13.4M for the four. The movie's domestic total through Monday is an estimated $58.1M. With a 40% 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" came in second again, with $7.4M from 3,358 locations for the three days, about the same as last weekend, for a four-day gross of $9.3M. Behind it was specialty crime thriller "Wind River," which earned $6.2M for the four days. Another Weinstein title, "Leap!," followed at number four, grossing $6.6M from 2,705 cinemas for a cume of $13.1M. Rounding out the top five, Steven Soderbergh's "Logan Lucky" earned $5.5M, with a domestic cumulative audience of roughly $22M. 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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| T TWX | Hot Stocks17:48 EDT Chilean regulators approve AT&T acquisition of Time Warner - The Chilean Fiscalia Nacional Economica, or FNE, has approved AT&T's (T) pending acquisition of Time Warner (TWX). "The AT&T-Time Warner merger will combine premium content with the networks to deliver that content on any screen viewers want," said David McAtee, Senior Executive Vice President and General Counsel of AT&T. "We appreciate the FNE's diligent work to evaluate and approve this merger on the strength of its benefits to competition in Chile and, most importantly, Chilean consumers." FNE approved the merger with targeted behavioral conditions to address specific competition issues identified by FNE in its review of the transaction. FNE's approval does not require the sale or divestiture of any AT&T or Time Warner assets. With Chile's approval, AT&T and Time Warner have received merger approval from 17 competition authorities reviewing the transaction worldwide outside the United States.
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| WMT | Hot Stocks17:45 EDT Wal-Mart stores reopen following Hurricane Harvey - Wal-Mart stores are once again open and serving customers in the Gulf region following the devastation from Hurricane Harvey. The company has reopened all stores within the Gulf region with the exception of five stores along the coast where the storm made landfall. Wal-Mart continues to accelerate deliveries of water and emergency supplies to the stores throughout the region, with a focus on bread, milk and dairy products, cleaning supplies, pet food, diapers, baby formula, hand sanitizer, clothing essentials like socks and underwear, pillows and towels. Wal-Mart has currently shipped 1,219 truckloads to the impacted areas, including over 961 truckloads of water. On Wednesday, Wal-Mart and the Wal-Mart Foundation committed up to $20M in support of relief efforts.
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| KFY CAT | Hot Stocks17:43 EDT Charles Shao joins Korn/Ferry as a Senior Client Partner - Korn Ferry (KFY) has announced that Charles Shao has joined the firm as a Senior Client Partner. He will be based out of the Beijing office. Prior to joining Korn Ferry Hay Group, Shao was Global Head of Learning & Development for Caterpillar (CAT).
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| XL | Hot Stocks16:15 EDT XL Catlin appoints Owen Williams as Captive Centre of Excellence manager - XL Catlin's insurance operations has announced the appointment of Owen Williams as Captive Centre of Excellence Manager. Williams will report to Matt Latham, Head of Captive Programs, at XL Catlin. Commenting, Matt Latham said: "We have grown our captive business significantly over the past three years; establishing our Centre of Excellence allows us to continue to deliver outstanding service for existing clients while growing our portfolio. Owen's stellar market experience ideally positions him to lead our Centre of Excellence and I am delighted to welcome him to the team."
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| BA EADSY | Hot Stocks16:11 EDT WTO reverses ruling against Washington state tax incentive for Boeing 777X - The Office of the U.S. Trade Representative achieved a significant victory in its long-running dispute with the EU over aerospace subsidies. The WTO Appellate Body announced a reversal of last November's prohibited subsidy ruling against a tax incentive for the production of the Boeing 777X in Washington state. It also upheld an earlier dismissal of the EU's claims against the remainder of the incentives. The ruling confirms that the tax treatment Boeing (BA) and others are receiving in Washington state is not a prohibited subsidy. "The WTO has rejected yet another of the baseless claims the EU has made as it attempts to divert attention from the $22 billion of subsidies European governments have provided to Airbus [EADSY] and that the WTO has found to be illegal," said Boeing General Counsel J. Michael Luttig. "No further appeal of today's decision is available to the EU," he added.
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| PSA | Hot Stocks16:06 EDT Public Storage reopen access to Houston properties - Public Storage has announced that all 115 properties previously closed due to severe weather conditions related to Hurricane Harvey have been reopened. These properties cover 8.4M net rentable square feet and over 77,500 units in the Houston and surrounding areas. In addition, Public Storage announced the opening of its 116th facility in Houston, located at US-290 and Mueschke Road in Cypress, Texas. This property is a 2,064 unit three-story state of the art climate-controlled storage facility with 194,000 net rentable square feet.
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| LOCO | Hot Stocks16:04 EDT El Pollo Loco launches new fire-grilled chicken burritos - El Pollo Loco has announced the launch of a new line of Fire-Grilled Chicken Burritos. The four new burritos are available for a limited time at participating El Pollo Loco restaurants. "As we continue to focus on increasing convenience for our customers, we're excited to introduce new Fire-Grilled Chicken Burritos, that are perfect to eat on-the-go without sacrificing flavor," said Ed Valle, Chief Marketing Officer at El Pollo Loco. "We have a strong connection to our Los Angeles heritage and we wanted to highlight some of the flavors reminiscent of our sunny and vibrant hometown. Ingredients like creamy avocado, pickled jalapenos, sweet caramelized onions and homemade pico de gallo complement our signature citrus-marinated, fire-grilled chicken for a delicious burrito."
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| LITB | Hot Stocks16:02 EDT LightInTheBox, Gati form business partnership - LightInTheBox has announced that it has formed a strategic business partnership with Gati, India's pioneer in express distribution and supply chain solutions, aimed at providing localized logistics and supply chain solutions for LightInTheBox customers in India in order to further capture India's rapidly growing e-commerce market with attractive consumer products from China. Gati will become LightInTheBox's first key local business partner in India. LightInTheBox will leverage its extensive supply chain network in China to provide high quality products at attractive prices to over 100M Indian online shoppers using Gati's pan Indian expertise in logistics and warehousing to simplify the cross-border e-commerce shopping experience for Indian customers. Gati's customized cross-border logistics solutions between China and India will significantly improve the speed, reliability, and cost of delivery of LightInTheBox parcels to India. Both companies will jointly explore online payment solutions, big data analytics, and general business development initiatives as well as local warehousing and fulfillment solutions in India to further reduce delivery times and improve customer satisfaction. In addition, LanTing ZhiTong, LightInTheBox's global cross-border open logistics platform, will be integrated within Gati's logistics and warehousing network providing online Chinese merchants with quick and easy access to the Indian market.
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| CEL | Hot Stocks15:59 EDT Cellcom Israel announces 150,000 Cellcom tv households - Cellcom Israel has announced that approximately 150,000 households have joined its Cellcom tv services. Nir Sztern, Cellcom Group's CEO, said: "The rapid growth of our TV service continued and resulted in Cellcom reaching a market share of approximately 10% of the TV households in Israel, in less than three years. We thank our 150,000 households who chose Cellcom tv and joined Cellcom in generating and leading the revolution in the TV market".
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| TRV | Hot Stocks15:57 EDT Travelers Europe expands web experience for solicitors - Travelers Companies has announced the launch of its redesigned law firm section on www.travelers.co.uk. The site features new quoting capabilities, videos and in-depth information to help solicitors minimize risk, navigate a changing industry and learn more about the different insurance coverages needed for their business. Jon Davies, Vice President of Bond & Specialty Insurance at Travelers, said, "We found that law firm owners were increasingly seeking out information related to their risks and concerns, so we consolidated more than a decade of expertise into one, easy-to-navigate location for them. The redesigned site allows solicitors to quickly gather the information they're looking for, while staying focused on growing their business."
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| ESLT | Hot Stocks15:54 EDT Elbit Systems awarded $11M contract for integrated maritime C4ISR system - Elbit Systems has announced that it was awarded an approximately $11M contract for the supply of an integrated maritime C4ISR system to an Asia-Pacific navy. The contract, to be performed over a two-year period, will include interconnected coastal sensor towers, naval command centers and maritime C4I capabilities, as well as ongoing maintenance. The project will support commanders and other users throughout routine and special operations, and will also be used for training and simulation.
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| RACE PM | Hot Stocks09:24 EDT Scuderia Ferrari renews partnership with Philip Morris - Ferrari (RACE) has announced that Scuderia Ferrari has renewed its multi-year partnership with Philip Morris (PM). The agreement continues the collaboration of over 40 years between Philip Morris and Scuderia Ferrari.
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| MET | Hot Stocks09:19 EDT Joyce Au-Yeung joins MetLife as VP, Head of Health for Asia region - MetLife announced that Joyce Au-Yeung has joined the company as vice president, Head of Health covering the Asia region. Au-Yeung will be based in Hong Kong and will report to Serge Raffard, MetLife senior vice president and Regional Head of Strategy, Product, Health for Asia. Au-Yeung joins from FWD Insurance where she served as the Group Vice President, Distribution strategy focusing on the development and regional deployment of the omni -channel distribution model across Asia. Prior to that role, she was the Chief Officer - Health Business at Sovereign, the insurance arm of Commonwealth Bank of Australia and was based in New Zealand where Au-Yeung was responsible for the establishment of their vertically integrated health business and digital platform.
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| LYB | Hot Stocks09:15 EDT LyondellBasell to provide needed equipment to Harvey emergency responders - LyondellBasell has donated $25,000 in personal protective equipment to the Houston Office of Emergency Management to support emergency responders and recovery teams in their efforts to search flooded homes and businesses in the greater Houston area. The donated equipment includes 1,000 pairs of leather work gloves, 1,000 pairs of rubber boots of various sizes, 500 flashlights with batteries, 500 pairs of safety eyewear and 300 chemical suits.
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| GPS | Hot Stocks09:12 EDT Gap gives $1M to Hurricane Harvey relief efforts - In response to the devastation caused by Hurricane Harvey, Gap and Gap Foundation have committed $1M to address immediate needs and ongoing recovery efforts. The donation includes a cash grant from Gap Foundation, donations from Gap Inc. brands toward critical clothing needs identified by on-the-ground relief organizations, and employee-matched donations. The company is committed to helping communities rebuild both in the near-term and providing support that addresses longer term recovery efforts. A first shipment of donated product, including essential items such as socks, underwear and tee-shirts for adults and children, was sent from the company's distribution center in Gallatin, Tennessee on Friday, September 1. So far, Gap Inc. employees have raised $50,000 in employee-matched funds for relief efforts.
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