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Stockwinners Market Radar for January 01, 2018 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
| FB... | 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. Alibaba's (BABA) UC Browser, which is rarely used in the West, has outflanked Google's Chrome in some of Asia's fastest-growing markets, according to The Wall Street Journal. Users say UC Browser works better in countries dominated by low-end smartphones and spotty mobile service, the report added. 2. Compass Group (CMPGY) CEO Richard Cousins and four members of his family were killed when the seaplane they were flying in crashed into a Sydney river on New Year's Eve, according to Reuters. 3. None of the fast-growing giants, namely Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Alphabet (GOOG; GOOGL), pay a cash dividend, but that may change before long, Jon Swartz wrote in this week's edition of Barron's. Facebook is pushing up against the limits of growth, and if growth begins to taper, investors will begin calling for new strategies, such as dividends and stock buybacks, he notes. Several factors make Facebook the most likely FANG candidate to offer a dividend, perhaps as early as 2019, including sufficient earnings, Swartz contended. 4. Disney (DIS) and Lucasfilm's "Star Wars: The Last Jedi" has crossed the $1B mark at the global box office in a relatively strong New Year's weekend in terms of moviegoing. The film stayed atop the box office chart throughout the holidays, grossing another $52.7M from over 4,200 theaters for the three-day and $68.1M for the four-day holiday weekend. "The Last Jedi" received an A CinemaScore and got a 91% from Rotten Tomatoes. 5. Chevron (CVX), GlaxoSmithKline (GSK), Corning (GLW) saw positive mentions in Barron's.
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| TWX... | Hot Stocks17:20 EDT Box Office Battle: 'Star Wars: The Last Jedi'' wins New Year's weekend - Disney (DIS) and Lucasfilm's "Star Wars: The Last Jedi" has crossed the $1B mark at the global box office in a relatively strong New Year's weekend in terms of moviegoing. The film stayed atop the box office chart throughout the holidays, grossing another $52.7M from over 4,200 theaters for the three-day and $68.1M for the four-day holiday weekend. "The Last Jedi" received an A CinemaScore and got a 91% from Rotten Tomatoes. BOX OFFICE RUNNERS-UP: Sony's (SNE) "Jumanji: Welcome to the Jungle" came in second, with the reboot grossing $50.4M domestically from 3,765 locations for the three days and an estimated four-day haul of $66.5M. Behind it was Comcast's (CMCSA; CMCSK) "Pitch Perfect 3," earning $16.8M from 3,468 theaters for the three days and an estimated $21M for the four-day weekend. 21st Century Fox's (FOXA) "The Greatest Showman" placed number four, with $15.6M from 3,316 theaters for the three days and a projected four-day gross of $20.8M. Rounding out the top five, "Ferdinand" is projected a four-day weekend of $14.6M. Other publicly traded companies in filmmaking include Viacom (VIAB), Lionsgate (LGF.A), and Warner Bros. (TWX).
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| ATH APO | Hot Stocks16:39 EDT Athene Holding announces deconsolidation of AGER - Athene Holding (ATH) announced it has completed the deconsolidation of AGER Bermuda Holding, the former holding company of Athene Holding's European operations. With the deconsolidation of AGER from Athene, it is necessary to change the name of AGER to Athora Holding which will be launched in mid-January 2018. AGER's successful capital raise in April 2017, representing approximately EUR2.2B, laid the foundation for its growth in Europe and was an important step toward AGER's goal of becoming a European run-off consolidator and life reinsurance partner. In August of 2017, AGER announced its intention to acquire Aegon Ireland, a Dublin-based insurer, and AGER expects to draw down capital to close the acquisition following satisfaction of all conditions to closing, including receipt of regulatory approval. Athene remains a minority shareholder in AGER along with other global investors including affiliates of Apollo Global Management (APO). Additionally, Athene will be a preferred reinsurer for AGER's spread liabilities and have representation on its board of directors.
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| NCOM | Hot Stocks15:13 EDT National Commerce announces closing of merger with FirstAtlantic Financial - National Commerce, the parent company of National Bank of Commerce, announced the completion of the merger of FirstAtlantic Financial, the parent company of FirstAtlantic Bank, with and into NCC. Concurrently with the merger, FirstAtlantic Bank merged with and into NBC, but its offices will continue to operate under the "FirstAtlantic Bank" trade name, and its management team will continue with NBC. In connection with the merger, Thomas Coley, a director of FirstAtlantic and FirstAtlantic Bank, has been appointed to the Boards of Directors of both NCC and NBC.
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| FTR | Hot Stocks09:11 EDT Cox Media removes KIRO-TV from Frontier Seattle FiOS customers - Frontier Communications' FiOS customers in the Seattle area have lost access to KIRO-TV programming as Frontier refuses to agree to Cox Media Group's demands for large fee increases of more than 80% over the next three-year contract period. Frontier customers no longer have access to CBS, Get TV, and Laff TV in their programming selection in the Seattle area. "Cox's bullying and heavy-handed blackout tactics hurt consumers," said Steve Ward, Frontier Senior Vice President Video Technology and Content. "Their demands for an outrageous price increase would have to be passed on to customers in the form of higher monthly service rates. It's time for Cox to agree to a fair and reasonable solution."
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| UBSH | Hot Stocks09:10 EDT Union Bankshares completes acquisition of Xenith Bankshares - Union Bankshares announced the completion of its acquisition of Xenith Bankshares. Under the terms of the merger agreement, Xenith shareholders received 0.9354 shares of Union common stock in exchange for each share of Xenith common stock they owned, with cash paid in lieu of fractional shares. Pursuant to the merger agreement, Patrick Corbin and Thomas Snead have been named to the Board of Directors of Union Bankshares Corporation. Based on financial information reported as of September 30, 2017, the combined company would have total assets of approximately $12.3B, deposits of approximately $9.5B and loans of approximately $9.3B. Union will separately operate the former Xenith Bank branches as Xenith Bank, a division of Union Bank & Trust of Richmond, Virginia until systems conversion in late May 2018.
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| CEL | Hot Stocks09:07 EDT Cellcom Israel announces Israeli Holding requirement postponed - Cellcom Israel announced that following the previously reported amendment to the company's cellular license in relation to the requirement that Israeli citizens and residents from among the company's founding shareholders hold at least 5% of the company's outstanding shares and other means of control as of December 31, 2017, the Israeli Ministry of Communications amended again the company's cellular license so as to postpone the application of such requirement until January 31, 2018.
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| KEN | Hot Stocks09:05 EDT Kenon completes sale of IC Power's Latin American, Caribbean businesses - Kenon announced that Inkia Energy Limited, a wholly-owned subsidiary of IC Power, has completed the sale of its Latin American and Caribbean businesses to I Squared Capital. The sale is expected to generate proceeds of approximately $1.33B, consisting of $1.11B proceeds paid by the buyer plus retained unconsolidated cash at Inkia of $222M. This reflects the base purchase price of $1.177B after certain adjustments, including estimated working capital, debt and cash at closing. The purchase price is subject to adjustments, including a final adjustment based on actual working capital, debt and cash amounts as of the closing date. As part of the transaction, the buyer will assume Inkia's $600M of bonds, which were issued in November and December 2017. Kenon intends to use a portion of the proceeds of the transaction to repay debt of IC Power, and to repay its loan facility with Israel Corporation. The proceeds from the buyer include a four year $175M deferred payment obligation accruing 8% interest payable in kind.
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