Stockwinners Market Radar for November 24, 2017 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

RIC

Hot Stocks

16:01 EDT Richmont Mines trading resumes
GBL WTS

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13:26 EDT Gabelli reports 6.69% stake in Watts Water
PN

Hot Stocks

12:57 EDT Patriot National trading resumes
LDL

Hot Stocks

12:09 EDT Lydall CAO sells 2,275 common shares - In a regulatory filing, Lydall CAO James V. Laughlan disclosed the sale of 2,275 common shares at a price of $54.577 per share.
DIS...

Hot Stocks

11:19 EDT Box Office Battle: 'Coco' looking to take top spot from 'Justice League' - "Coco," the latest release from Disney's (DIS) Pixar animation studio, opened at 3,987 locations domestically this past Wednesday, due to the Thanksgiving holiday. The digitally animated film, which is 96% fresh on Rotten Tomatoes and has an 'A' score from CinemaScore, is expected to earn about $54M over the three-day weekend and roughly $77M over the five-day holiday weekend, a bit below the $82M Disney's "Moana" brought in last year over the same weekend. Expected to take second place is last weekend's box office winner, Time Warner's (TWX) Warner Bros' super hero film "Justice League," which is expected to earn about $42M over three days and close to $60M over five days. Earlier this week, in a Forbes article, former studio executive and current film finance consultant Rob Cain estimated that "Justice League" could face a potential $50M-$100M loss on the film, with an estimated return on investment of -13%. Expected to finish in third place is Lionsgate's (LGF.A, LGF.B) drama "Wonder," based on the R.J. Palacio novel, which is expecting a three day total of over $21M and a five day total of $30M-$40M. Other publicly traded companies in filmmaking include 21st Century Fox (FOX, FOXA), Comcast (CMCSA, CMCSK), Sony (SNE), and Viacom (VIA, VIAB).
MSON

Hot Stocks

10:36 EDT South Africa Alpha Capital reports 5.1% passive stake in Misonix
TSLA

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09:52 EDT Tesla lists base price of 300 mile range Semi at $150,000 - Tesla on its website listed the base price of the 300 mile range Semi at $150,000. The 500 mile range Semi has an expected base price of $180,000. The electric vehicle maker added that the expected fuel savings will be over $200,000. Reference Link
JPM...

Hot Stocks

09:50 EDT The Intersection: Crypto and Wall Street This Week - As bitcoin, ethereum and other cryptocurrencies get increasing attention from investors, Wall Street and its traditional banks continue to adjust to the shift. Catch up on this week's top stories highlighting the intersection of these old guard and new school areas of finance with this recap compiled by The Fly: 1. JPMORGAN MULLS BITCOIN ACCESS FOR CLIENTS: JPMorgan (JPM) is considering whether to offer its clients access to CME Group's (CME) planned bitcoin product through its futures-brokerage unit despite CEO Jamie Dimon previously calling the cryptocurrency a fraud, the Wall Street Journal reported on Tuesday. The bank, which is assessing whether there is demand for the product, would be able to collect fees on services including customers placing bets on the digital currency. JPMorgan may decide not to offer the service and the launch of CME's bitcoin futures is still subject to regulatory approval by the Commodity Futures Trading Commission. Morgan Stanley (MS) is also mulling offering clients access to the products. 2. NOVOGRATZ, FUNDSTRAT, STANDPOINT TARGETS: Hedge fund manager Mike Novogratz predicted that Bitcoin will end the year at $10,000 and smaller competitor Ether is likely to close $500, Bloomberg reported on Tuesday. Novogratz, who is in the midst of raising a $500M crypto fund, compared Bitcoin to digital gold saying, "Gold has value solely because people say it has value; bitcoin is built on an amazing technology, there's a limited supply of it...This whole revolution came out of a breakdown in trust in the 2008 crisis." Meanwhile, Fundstrat's Tom Lee raised his mid-2018 price target for bitcoin to $11,500 from $6,000, forecasting a roughly 40% upside to its current level, CNBC reported on Wednesday. Lee is bullish on the digital currency as he predicts strong growth in the number of bitcoin accounts and transaction dollar volume per account. On Monday, Standpoint Research analyst Ronnie Moas raised his 2018 price target for bitcoin to $14,000 from $11,000. At the time, the price just crossed $8,180 and was split-adjusted at $9,518 when the August fork spinoff bitcoin cash and the October fork spinoff bitcoin gold at $158 was factored in. The analyst sees the price of bitcoin hitting $60,000 in five years, which he reached by forecasting that 0.5% of the global total money invested currently in cash, stocks, bonds and gold will shift into the cryptocurrency. 3. TETHER HACK: Bitcoin fell as much as 5.4% after Tether, a digital currency used by bitcoin exchanges to back trades with fiat currencies, disclosed that a hacker had stolen $31M in tokens from its Tether Treasury Wallet on Nov. 19, Bloomberg reported on Tuesday. The company, which is working to prevent the coins from being used, said a "malicious" actor removed the tokens and sent them to an unauthorized bitcoin address. Bitcoin, which exceeded the $133B value of McDonald's (MCD) over the weekend, quickly recovered following the hack and erased its loss on Tuesday. 4. ETHER HITS HIGH: Bitcoin rival Ether, the cryptocurrency of the Ethereum blockchain, hit an all-time high of $425.55 Thursday breaking its previous record of $414.76, CNBC reported on Friday. Ether, which has increased by over 5,000% since the start of the year, has a market capitalization of over $40B. Meanwhile bitcoin cash, which formed from a split in the original blockchain, also rose going as high as $1,789.05. 5. BITCOIN STOCK PLAYS: Cryptocurrency revenues have been pointed to as reasons to be bullish on Advanced Micro Devices (AMD) and Nvidia (NVDA) in select research. PRICE ACTION: As of time of writing, bitcoin rose about 2.4% this week, or $199, to $8,165 in U.S. dollars according to CoinDesk. Meanwhile, AMD shares rose 0.6% to $11.38 this week and Nvidia dropped 0.3% on a weekly basis to $215.47. Bitcoin Investment Trust (GBTC) rose 9.9% this week to $995.00. WANT BITCOIN NEWS ALERTS?: To receive alerts on stories relating to bitcoin and other cryptocurrencies, Fly subscribers can enter "Bitcoin" into the "Add symbols" box of their portfolios.
DSX

Hot Stocks

09:25 EDT Diana Shipping announces time charter contract for m/v Norfolk - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Norfolk. The gross charter rate is $13,250 per day, minus a 5% commission paid to third parties, for a period of minimum twenty-one months to maximum twenty-four months. The charter is expected to commence on December 1, 2017. The m/v Norfolk is currently chartered, as previously announced, to Trafigura Maritime Logistics Pte. Ltd., Singapore, at a gross charter rate of $12,000 per day, minus a 5% commission paid to third parties. This employment is anticipated to generate approximately $8.35M of gross revenue for the minimum scheduled period of the time charter.
PN

Hot Stocks

09:10 EDT Patriot National trading halted, news pending
TEVA...

Hot Stocks

09:09 EDT On The Fly: Pre-market Movers - HIGHER: Teva Pharmaceutical (TEVA), up 3.3% after Bloomberg reported that the company will cut 25% of its Israeli workforce. LOWER: Qudian (QD), down 8.7% after being informed by Ant Financial that for all transactions effective from November 30 on Alibaba's (BABA) Alipay consumer interface, an effective annualized rate of 24%, covering all interest, fees and charges, will be the maximum rate allowed for credit services for all third-party service providers... RYB Education (RYB), down 39.9% following allegations of improper conduct by staff toward children enrolled in a class at an RYB-operated kindergarten in Beijing.
SPIL ASX

Hot Stocks

09:04 EDT Siliconware Precision, Advanced Semiconductor receive all anti-trust approvals - Siliconware Precision Industries (SPIL) and Advanced Semiconductor Engineering (ASX) jointly announced on June 30, 2016 that both companies plan to establish ASE Industrial Holding Co., Ltd. Following the announcement, ASE and SPIL filed applications to antitrust authorities in different jurisdictions in connection with the proposed transaction. ASE and SPIL received clearances from the Taiwan Fair Trade Commission and the U.S. Federal Trade Commission on November 16, 2016 and May 15, 2017, respectively. On November 24, 2017, the Anti-Monopoly Bureau under the Ministry of Commerce of the PRC announced that it has conditionally approved the proposed transaction. ASE and SPIL highly appreciate the assistance that we have received from cross-strait and all relevant governmental authorities during the review process for this transaction. Since ASE and SPIL have now received all necessary antitrust clearances for the transaction, ASE will immediately proceed with the establishment of HoldCo. It is expected that an extraordinary general meeting will be convened in February 2018 and the establishment of HoldCo will be completed by the end of May 2018. This timeline, however, is subject to the review progress of competent authorities.
BASFY

Hot Stocks

08:26 EDT BASF confirms talks with Letter One regarding possible oil and gas unit merger - BASF announced that the company is in discussions regarding a potential merger of BASF Group's oil and gas activities with Letter One's oil and gas activities bundled in the DEA Group. BASF would hold the majority of the shares in the joint enterprise. BASF's oil and gas activities are bundled in the Wintershall Group. Wintershall focuses on exploration and production in oil and gas-rich regions in Europe, North Africa, Russia, South America and the Middle East. Together with Gazprom, the company is also active in the transport of natural gas in Europe. For the full year 2016, net sales of the Oil & Gas segment of the BASF Group amounted to around EUR2.8B, EBITDA was around EUR1.6B and EBIT around EUR500M. "An Initial Public Offering of the joint enterprise would be an option in the medium term. The outcome of the discussions is open and there is no assurance that any transaction will be consummated...BASF does not intend to make any additional comments on this matter at this time," the company stated.
RIC

Hot Stocks

08:16 EDT Richmont Mines trading halted, news dissemination
HOLX

Hot Stocks

08:06 EDT Hologic receives FDA 510(k) clearance of Quantra 2.2 Breast Density software - Hologic announced that it has received 510(k) clearance from the United States FDA for its Quantra 2.2 Breast Density Assessment Software, which enables clinicians to provide women with consistent breast density assessments during routine breast cancer screenings.
RYB

Hot Stocks

08:00 EDT RYB Education down 37% after allegations of improper conduct by staff - In pre-market trading, shares are down 37.5% to $16.70.
TSG SGMS

Hot Stocks

07:38 EDT The Stars Group sells securities of NYX Gaming Group to Scientific Games - The Stars Group (TSG) announced that it and one of its wholly-owned subsidiaries, Stars Interactive Holdings Limited, entered into a securities purchase agreement with Scientific Games (SGMS) on November 23, pursuant to which Stars Interactive IOM has agreed to sell to Scientific Games on November 24, all of its securities of NYX Gaming Group, including securities exchangeable into securities of NYX. The securities to be sold under the Disposition include: (i) 5,617,716 ordinary shares of NYX, (ii) 40,000 preferred shares of NYX Digital Gaming ULC, and (iii) 1,363,636 Ordinary Share purchase warrants. As a result of the Disposition, The Stars Group will no longer directly or indirectly beneficially own, control or direct any securities of NYX. Pursuant to the Securities Purchase Agreement, the Ordinary Shares will be sold at a price of C$2.40 per Ordinary Share, the Preferred Shares will be sold at a price of C$2.40 per Ordinary Share-equivalent per Preferred Share, and the Warrants will be sold for no consideration, in each case on the Effective Date to Scientific Games, representing aggregate consideration payable in cash of C$35,500,992. In addition, Scientific Games has agreed to pay Stars Interactive IOM a purchase price adjustment in certain circumstances where Scientific Games acquires NYX for consideration in excess of C$2.40 per Ordinary Share or sells its securities of NYX for consideration in excess of C$2.40 per Ordinary Share.
RYB

Hot Stocks

07:26 EDT RYB Education provides update on allegations of improper conduct - RYB Education provided an update on allegations of improper conduct toward children enrolled in a class at an RYB-operated kindergarten in Beijing. Two days ago, local police started an investigation following reports from some parents of children enrolled in a class at an RYB-branded kindergarten in Beijing, claiming that their children had experienced seriously improper conduct at the kindergarten. RYB immediately provided the security monitoring content and surveillance devices to police authorities, suspended the staff who allegedly were involved, and will continue to take all other necessary measures to promptly cooperate with police and other authorities on the investigation. To date, the investigation has not been concluded. RYB has established a special task force under the leadership of independent directors of the company to conduct a thorough self-inspection across all teaching facilities. RYB is fully committed to the safety of each and every child who is enrolled in RYB kindergartens and will continue to execute on its best practices commensurate with its status as a leading early childhood education service provider in China.
RYB

Hot Stocks

07:24 EDT RYB Education announces $50M share repurchase program - RYB announced that the board of directors of the company has approved a share repurchase program whereby the company is authorized to repurchase its own ordinary shares in the form of American depositary shares with an aggregate value of up to $50M during the next 12 months. The company expects to fund the repurchase out of its existing cash balance.
DDAIF...

Hot Stocks

07:15 EDT EU commercial vehicle registrations up 10.7% in October - In October, commercial vehicle registrations across the EU gained momentum, showing positive growth of 10.7% compared to one year ago, said the European Automobile Manufacturers Association. Demand was sustained across all segments, except for buses and coaches, the group added. Publicly traded truck makers and suppliers include Daimler AG (DDAIF), Paccar (PCAR), CNH Industrial (CNHI), Navistar (NAV), Cummins (CMI) and Allison Transmission (ALSN). Reference Link
NRE

Hot Stocks

07:03 EDT Northstar Realty Europe sells Dukes Court office complex for about GBP72M - NorthStar Realty Europe announced it has completed the disposal of Dukes Court office complex to Woking Borough Council for approximately GBP72M, 18% above the purchase price. Active asset management including re-leasing more than 50,000 square feet, realizing approximately 13% rental growth since acquisition and maintaining 100% occupancy throughout the three year ownership period. The strong tenant base includes HMRC, Kuwait Petroleum and Fidessa Group.
AMZN

Hot Stocks

07:01 EDT Amazon.com previews Cyber Monday deals - Amazon revealed a preview of its Cyber Monday deals to close out the five popular shopping days starting Thanksgiving and continuing through Cyber Monday. On Cyber Monday, customers will find more than 30 Deals of the Day and thousands of Lightning Deals across more than 30 categories including toys, electronics, fashion, beauty, kitchen, sporting goods, and more, in addition to incredible prices on Amazon Devices and products from small businesses and entrepreneurs, at amazon.com/cybermonday. Starting tomorrow, customers can also discover new deals every day throughout Cyber Monday Deals Week, and continue to choose from more than one hundred million items eligible for free shipping every day. This includes eligible orders of $25 or more on items shipped by Amazon, as well as from small businesses and entrepreneurs selling on Amazon. Customers can also shop Cyber Monday deals using the Amazon App, and set Watch a Deal alerts to ensure they never miss a deal. Voice Shoppers can shop select Cyber Monday deals even earlier, beginning at 5pm PT, Sunday, Nov. 26 - just ask Alexa.
QD BABA

Hot Stocks

06:44 EDT Qudian informed of 24% maximum rate for credit services from Ant Financial - Qudian (QD) announced that it has been informed by Ant Financial that for all transactions effective from November 30 on Alibaba's (BABA) Alipay consumer interface, an effective annualized rate of 24%, covering all interest, fees and charges, will be the maximum rate allowed for credit services for all third-party service providers. This includes transactions for Qudian on leads generated from Alipay's dedicated channel for third-party service providers as well as leads generated from Alipay's public service window. Qudian added, "The Company supports this policy change as it promotes a healthy environment for credit services offered in China and is committed to complying with this policy by November 30, 2017. For transactions made through the Company's mobile applications, the Company will continue to charge a total fee on credit services that translates into an effective annualized rate of 36% or less, in accordance with current PRC laws and regulations on lending activities. In the third quarter of 2017, a majority of total credit drawdowns were made through the Third-Party Channel or the Public Service Window. The Company has recently begun to implement measures to promote the use of its mobile applications, and has observed an increase in transactions carried out under these mobile applications, where it has the flexibility to price credit services at an annualized rate of up to 36%. The Company's mobile applications now rank among the top downloaded application under the finance category for major app stores in China. The Company is committed to continuing to implement new strategies to grow its business, evolve to meet market demand and respond to industry developments. The Company will continue to commit to industry leading best practices in service fees charged, collection and user experience while at the same time embracing changes in the regulatory environment. The Company expects that these best practices will continue to strengthen Qudian's brand throughout China's underserved users and attract them to the Company's platform."
DHT

Hot Stocks

06:41 EDT DHT Holdings announces sale of its 3 oldes VLCCs - DHT Holdings announced that it has entered into agreement to sell its three oldest VLCCs; DHT Utah and DHT Utik, both built 2001 and DHT Eagle built 2002 to one buyer for a total price of $66.5M. About $33.5M of bank debt will be repaid in connection with the sale of the three vessels. The company expects to deliver the DHT Utah and DHT Eagle to its new owner before end of 2017 and the DHT Utik in January 2018. The Company will record a book loss of about $3.5M in the fourth quarter of 2017 in connection with the sale. The loss is primarily related to the DHT Eagle. Subsequent to the sale, the average age of DHT's fleet of VLCCs is 6.1 years. The sale is in accordance with the company's fleet renewal strategy. DHT enjoys a strong position with its robust balance sheet, high quality fleet, best-in-class cash break-even levels, competitive cost structure and attractive time charter contracts.
ASX SPIL

Hot Stocks

06:39 EDT Advanced Semiconductor, SPIL receive all antitrust approvals for combination - Advanced Semiconductor Engineering (ASX) and Siliconware Precision (SPIL) jointly announced on June 30, 2016 that both companies plan to establish ASE Industrial Holding Co., Ltd. Following the announcement, ASE and SPIL filed applications to antitrust authorities in different jurisdictions in connection with the proposed transaction. ASE and SPIL received clearances from the Taiwan Fair Trade Commission and the U.S. Federal Trade Commission on November 16, 2016 and May 15, 2017, respectively. On November 24, 2017, the Anti-Monopoly Bureau under the Ministry of Commerce of the PRC, or MOFCOM, announced that it has conditionally approved the proposed transaction. ASE and SPIL highly appreciate the assistance that we have received from cross-strait and all relevant governmental authorities during the review process for this transaction. Since ASE and SPIL have now received all necessary antitrust clearances for the transaction, ASE will immediately proceed with the establishment of HoldCo. It is expected that an extraordinary general meeting will be convened in February 2018 and the establishment of HoldCo will be completed by the end of May 2018. This timeline, however, is subject to the review progress of competent authorities. The combination of ASE and SPIL in the form of a joint share exchange could promote healthy competition, enhance research and development intensity and provide high-quality and customized services to all customers. More importantly, the Share Exchange could contribute to the development of technical support for the advancement of the next-generation digital age. While the Share Exchange carries positive significance for Taiwan and benefits the development of the semiconductor packaging and testing technology in the PRC and across the globe, ASE and SPIL are aware of the fact that certain industry players and authorities in the PRC may have concerns over the potential restrictive effects of the Share Exchange. In order to mitigate such concerns, ASE and SPIL filed a remedial proposal to MOFCOM, which included the companies' commitments to maintain independent operations for a confined period. HoldCo will continue to list in Taiwan and in the U.S. ASE and SPIL will continue to expand our investment in Taiwan, to cherish and protect this land that nurtured us. In addition, we will continue to hold ourselves to the highest corporate governance standards and implement sustainable business philosophies. As an integral member of the global semiconductor industry chain, HoldCo would undoubtedly face severe competition and challenges. In order for HoldCo to compete effectively in the global environment, HoldCo will need to rely on the continued support and supervision from government authorities and all sectors of the society. More importantly, HoldCo will need to implement dynamic strategies to compete for talent and resources on a worldwide basis. In order to achieve our long-term goal for a sustainable industry and to enhance the welfare of the greater population, HoldCo will continue to work with other industry participants to explore strategic alliance opportunities, which will in turn spur further innovation and create a mutually beneficial business environment for the industry as a whole.
BAYRY NKTR

Hot Stocks

06:19 EDT Bayer announces INHALE Phase III clinical study did not meet primary endpoint - Bayer (BAYRY) announced that INHALE, a global Phase III clinical study program investigating Amikacin Inhale in addition to standard of care in intubated and mechanically ventilated patients with Gram-negative pneumonia, did not demonstrate superiority versus standard of care plus aerosolized placebo. The primary endpoint, as well as secondary endpoints were similar in both treatment arms, and were therefore not met. Amikacin Inhale is the development name of an integrated drug-device combination, consisting of a specially formulated Amikacin Inhalation Solution and a proprietary Synchronized Inhalation System with a vibrating mesh nebulizer. The primary outcome measure was survival at day 28-32. Secondary outcome measures included pneumonia-related mortality through to day 28-32, early clinical response up to day 10, number of days on mechanical ventilation up to day 28-32, and number of intensive care unit days up to day 28-32. Efficacy and safety analyses from this study will be published in due course. The Amikacin Inhale program is being developed through a collaboration with Nektar Therapeutics (NKTR).
DISH CBS

Hot Stocks

06:14 EDT Dish reaches multi-year carriage agreement with CBS, terms not disclosed - DISH Network (DISH) has reached a multi-year carriage agreement with CBS (CBS) for its owned and operated local stations, as well as CBS Sports Network, Pop, and Smithsonian Channel. The channels are currently being restored to DISH customers. "We are grateful to our customers for their patience this holiday week as months of work has resulted in a deal that delivers CBS for years to come," said Warren Schlichting, DISH executive vice president of Marketing, Programming and Media Sales. Terms of the agreement were not disclosed.