Stockwinners Market Radar for November 12, 2017 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
DIS... | 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. Alibaba (BABA) announced that $25.3B of gross merchandise volume was settled through Alipay on November 11, or Single's Day, an increase of 39% compared to 2016. Mobile GMV settled through Alipay accounted for 90% of total GMV. "More than $25B of GMV in one day is not just a sales figure," said Daniel Zhang, CEO of Alibaba Group. "It represents the aspiration for quality consumption of the Chinese consumer, and it reflects how merchants and consumers alike have now fully embraced the integration of online and offline retail." 2. Qualcomm (QCOM) is preparing to reject rival Broadcom's (AVGO) $103B bid as early as this week, according to Reuters, citing people familiar with the matter. Qualcomm CEO Steven Mollenkopf has spent the past few days soliciting feedback from shareholders, and feels that the $70 per share bid undervalues the company and does not price in the uncertainty associated with getting the deal approved by regulators, sources said. 3. Sony's (SNE) sales of camera chips for smartphones and videogames systems and software are marching higher, as the company reintroduced its robot puppy Aibo, Jack Hough wrote in this week's edition of Barron's, while arguing that the company's shares could jump another 20%. If Sony continues its record of beating expectations, and shares hold on to their market-average earnings multiple, the ADRs could top $55 in a year, versus a recent $46 and change, he added. 4. Disney (DIS) and Marvel Studios' "Thor: Ragnarok" won the weekend again with $56.6M for a 10-day domestic tally of $211.6M. Overseas, the movie also topped the chart with $75.9M for a foreign tally of $438.5M. The pic with Chris Hemsworth returning in the titular role earned 93% from Rotten Tomatoes. 5. AT&T (T), Verizon (VZ), PayPal (PYPL), and Nintendo (NTDOY) saw positive mentions in Barron's.
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TWX... | Hot Stocks18:06 EDT Box Office Battle: 'Thor: Ragnarok' wins weekend again with $56.6M - Disney (DIS) and Marvel Studios' "Thor: Ragnarok" won the weekend again with $56.6M for a 10-day domestic tally of $211.6M. Overseas, the movie also topped the chart with $75.9M for a foreign tally of $438.5M. The pic with Chris Hemsworth returning in the titular role earned 93% from Rotten Tomatoes. BOX OFFICE RUNNERS-UP: Paramount's (VIAB) "Daddy's Gome 2" came in second, taking in $30M over the weekend. Behind it was 20th Century Fox's (FOXA) "Murder on the Orient Express," opening with $28.2M from 3,341 theaters. "A Bad Moms Christmas" took number fourth, impressing in its second weekend as it grossed $11.5M for a domestic total of $39.4M. Rounding out the top five, Lionsgate's (LGF.A) "Jigsaw" earned $3.4M in its third week. Other publicly traded companies in filmmaking include Sony (SNE), Time Warner (TWX), and Comcast (CMCSA; CMCSK).
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RMD | Hot Stocks16:56 EDT ResMed comments on U.K. case with Fisher & Paykel - ResMed issued the following statement from David Pendarvis, the company's global general counsel and chief administrative officer: "While we are disappointed the English Patents Court has ruled that ResMed's patent EP 2 708 258 is invalid in the U.K., we are pleased by the court's unambiguous statement regarding our assertion that Fisher & Paykel's Simplus and Eson masks infringe ResMed's patent. The English Patents Court said, 'Had it been valid it would have been infringed.' We appreciate the court's attention to this matter, and we are considering an appeal. The ruling has no impact on ResMed's commercial operations in the U.K. All of our products will continue to be available there with customer service support. Likewise, the ruling is limited only to the U.K. and has no impact on ResMed's pending cases against Fisher & Paykel in the U.S., New Zealand or Germany. We are confident that when the courts in those countries apply their different evidentiary rules and validity procedures, we will prevail."
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BA | Hot Stocks16:52 EDT Boeing, Azerbaijan Airlines announce deal for 787 Dreamliners, freighters - Boeing and Azerbaijan Airlines announced an order for five more 787-8 Dreamliners and a commitment to purchase two large freighters. The agreement, announced at the 2017 Dubai Air Show, is valued at about $1.9B at current list prices. The freighter commitment will be finalized at a later time. Azerbaijan Airlines also announced it will be the launch customer for the 787 Landing Gear Exchange Program whereby Boeing Global Services will provide the carrier with a lower-cost solution for overhauled and certified landing gears for its Dreamliner fleet, which now grows to seven airplanes.
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BA | Hot Stocks16:49 EDT Boeing, Emirates announce commitment for 40 787-10 Dreamliners - Boeing and Emirates, one of the world's largest airlines, announced a commitment to purchase 40 787-10 Dreamliners at the 2017 Dubai Airshow. The deal, including airplanes and related equipment, is valued at $15.1B at current list prices. Emirates is the world's largest Boeing 777 operator and will be the first to receive the new 777X in 2020. In selecting the 787-10, Emirates complements their 777 fleet with a medium twin-aisle airplane that offers 25% better fuel efficiency per seat and emissions than the airplanes it replaces.
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NAV | Hot Stocks16:45 EDT Navistar, Vietnam distributor sign MOU to export up to $1.8B in vehicles, parts - Navistar and Hoang Huy, its distributor in Vietnam, announced the signing of a memorandum of understanding paving the way for the export of up to $1.8B in International truck products into the Vietnamese market over the next ten years. The MOU represents the next phase of an already successful relationship between Navistar and Hoang Huy to grow its business in Vietnam over the next decade through the sale of new trucks, used trucks, and service parts.
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UTX | Hot Stocks16:43 EDT Pratt & Whitney, VietJet Air announce GTF engine selection for aircraft order - Pratt & Whitney, a division of United Technologies, and VietJet Air announced the selection of the PurePower Geared Turbofan engine to power an order of 10 new aircraft. This deal, which is valued at $600M at list prices, includes a 12-year EngineWise Fleet Management Program. This order follows a February 2016 contract signing for GTF engines to power VietJet's 63 newly ordered aircraft.
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HON... | Hot Stocks16:37 EDT Honeywell signs 15-year maintenance, support agreement with Emirates - Honeywell (HON) has signed a 15-year Component Service Solutions agreement with Dubai-based Emirates to maintain aftermarket components on the airline's fleet of Airbus (EADSY) A380 and Boeing (BA) 777 aircraft. The technology used in this agreement extends through 2031 and covers comprehensive component repairs and support solutions for Emirates' fleet, thus reducing grounded aircraft time.
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HON... | Hot Stocks16:34 EDT Honeywell, Lufthansa Technik create largest maintenance repair for Airbus A350 - Honeywell (HON) has signed Lufthansa (DLAKY) Technik as a licensed component repair center and exclusive global asset provider for all Honeywell components and the HGT 1700 APU on Airbus (EADSY) A350 aircraft. Under the agreement, Lufthansa Technik will offer A350 operators around the world an unequaled experience with maintenance, repair and overhaul services for all Honeywell components, including auxiliary power units.
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NKTR BMY | Hot Stocks16:30 EDT First data for Nektar's 214/Bristol-Myers Opdivo combo revealed - Nektar (NKTR) and Bristol-Myers Squibb (BMY) announced the first presentation of data from the PIVOT-02 Phase 1/2 Study, which is designed to evaluate the combination of Bristol-Myers Squibb's Opdivo with Nektar's investigational medicine, NKTR-214. The initial results presented at the 2017 Society for Immunotherapy of Cancer Annual Meeting reported both safety and efficacy data for patients enrolled in the dose-escalation phase of the trial. Opdivo is a PD-1 immune checkpoint inhibitor designed to overcome immune suppression. NKTR-214 is an investigational immuno-stimulatory therapy designed to expand and activate specific cancer-fighting T cells and natural killer cells directly in the tumor micro-environment and increase expression of cell-surface PD-1 on these immune cells. A total of 38 patients were enrolled in the dose-escalation phase of the ongoing PIVOT study in a number of dose cohorts. Responses were measured per RECIST 1.1 for efficacy-evaluable patients as of November 2, 2017.
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CRVS RHHBY | Hot Stocks16:23 EDT Corvus Pharmaceuticals announces updated data from renal cell carcinoma study - Corvus Pharmaceuticals (CRVS) has announced updated clinical data from the renal cell carcinoma expansion cohorts of its ongoing Phase 1/1b study of CPI-444 as a single agent and in combination with atezolizumab. Results showed a response rate of 14% with single agent CPI-444 and 13% for the combination therapy, and a disease control rate of 29% and 69% for single agent and combination therapy, respectively, in 30 response-evaluable patients. Additionally, biomarker data from the trial showed an association between adenosine pathway gene expression and response to therapy, and resistance to prior anti-PD-(L)1 treatment. The clinical and biomarker data were presented in an oral session at the Society for Immunotherapy of Cancer's 32nd Annual Meeting. CPI-444 is a selective and potent inhibitor of the adenosine A2A receptor. Atezolizumab, developed by Genentech, a member of the Roche (RHHBY) group, is a monoclonal antibody designed to target and bind to a protein called PD-L1. The ongoing Phase 1/1b clinical trial has enrolled more than 225 patients with several tumor types including RCC, non-small cell lung cancer, triple negative breast cancer, melanoma and other tumors. To date, RCC and NSCLC cohorts have met the protocol-defined criteria for expansion from 14 to 26 patients. For both the RCC single agent and combination cohorts, criteria for expansion to 48 patients per cohort have been reached. Of 51 patients with RCC enrolled in the study, 69% were resistant or refractory to prior anti-PD-(L)1 therapy, having failed those therapies within a median time of 1.6 months prior to enrollment. The RCC patients had several adverse prognostic features including visceral metastases, hepatic metastases, anemia and elevated serum lactate dehydrogenase.
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BABA | Hot Stocks16:12 EDT Alibaba generates $25.3B during Single's Day - Alibaba announced that $25.3B of gross merchandise volume was settled through Alipay on November 11, 2017, an increase of 39% compared to 2016. Mobile GMV settled through Alipay accounted for 90% of total GMV. "More than $25B of GMV in one day is not just a sales figure," said Daniel Zhang, CEO of Alibaba Group. "It represents the aspiration for quality consumption of the Chinese consumer, and it reflects how merchants and consumers alike have now fully embraced the integration of online and offline retail."
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BABA KMB | Hot Stocks16:06 EDT Items sold in first 60 seconds of Lazada mega-sale tripled from last year - Shoppers across Southeast Asia "scooped up great deals and spent their hearts away" in the region's biggest shopping spree on 11.11, in which eCommerce leader Lazada continues to break records for its Online Revolution mega-sale. According to the company, the shopping rush started at the stroke of midnight, when shoppers started grabbing deals and promotions. The number of items sold within the first 60 seconds this year more than tripled from last year. Nearly 8 in 10 people shopped with their mobile devices, reflecting the growing mobile penetration rate in the region. Among the most popular items were the Xiaomi Mi A1 mobile phone, L'Oreal skincare products, Huggies (KMB) diapers, Dumex milk formula and the digital players. Also sought after by shoppers were items from the Taobao Collection, which were specially selected from the world's largest online marketplace owned by Alibaba (BABA). They included watches, men's and women's apparel and kitchenware. In a Lazada first, a star-studded gala show was held in Bangkok to count down to the sale's midnight start in Thailand. The first-of-its-kind interactive TV show, which was aired on Thailand's most watched Channel 3 and live-streamed on Lazada TV, featured Thailand's popular celebrities singing and taking part in interactive games. The 90-minute extravaganza drew more than 150,000 new Lazada app users. Lazada's group chief marketing officer Charles Debonneuil said the inaugural TV programme underscores the synergy and sharing of ideas between Lazada and its parent company Alibaba, which throws an international standard live entertainment show to kick off its 11.11 Singles' Day sales.
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SNDX MRK | Hot Stocks15:54 EDT Syndax announces presentation of immuno-oncology clinical trials data - Syndax (SNDX) Pharmaceuticals has announced results from the non-small cell lung cancer and melanoma cohorts of ENCORE 601, an open-label, Phase 1b/2 clinical trial employing a Simon two-stage design to evaluate the combination of entinostat, the company's class I selective HDAC inhibitor, plus Merck's (MRK) anti-PD-1 therapy, KEYTRUDA. In addition, data from the single ascending dose trial of SNDX-6352, the company's anti-CSF-1R monoclonal antibody, in healthy volunteers were presented at the Society of Immunotherapy of Cancer Annual Scientific Meeting being held November 8-12, 2017 in National Harbor, Maryland. According to shared data from the first stage of both NSCLC cohorts of ENCORE 601, the observed overall response rate was 10% in patients who had progressed on prior anti-PD-1 or PD-(L)1 therapy and 24% in patients naive to PD-1 or PD-(L)1 therapy. Across both NSCLC cohorts, the responders with known PD-(L)1 expression levels were all observed to be low or negative expressors. Three patients from each cohort remain on therapy, and two of the six have been on the combination for over one year. In addition to the NSCLC data, the poster, "Analysis of biomarkers from a cohort of advanced melanoma patients previously exposed to immune checkpoint inhibition treated with entinostat and pembrolizumab" containing updated data highlighting the clinical activity and novel translational research findings from the ENCORE 601 cohort of melanoma patients whose disease had progressed on prior PD-1 therapy was presented today. As of early September, four of 13 patients in this PD-1 refractory cohort remained on study, two of whom have received more than a year of the combination treatment. Pre-treatment tumor biopsies were obtained for all patients and matched post-treatment biopsies were available from nine patients. Gene expression, PD-1 and immunofluorescence analysis of tissue samples demonstrate that entinostat combined with KEYTRUDA may generate immune responsiveness in tumors previously resistant to immune checkpoint inhibition.
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