Stockwinners Market Radar for March 16, 2018 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

VRTU

Hot Stocks

18:18 EDT Virtusa CSO sells 17,749 common shares - In a regulatory filing, Virtusa EVP and CSO Thomas R. Holler disclosed the sale of 17,749 common shares of the company at a price of $50.5334 per share.
QCOM

Hot Stocks

17:57 EDT Qualcomm director Paul Jacobs will not be re-nominated to board - Qualcomm announced that Dr. Paul Jacobs will not be re-nominated to the Qualcomm board at Qualcomm's Annual Meeting of Stockholders on March 23. The board reached that decision following his notification to the board that he has decided to explore the possibility of making a proposal to acquire Qualcomm. The board will consist of ten directors effective as of the holding of the annual meeting. Following the withdrawal of Broadcom's takeover proposal, Qualcomm is focused on executing its business plan and maximizing value for shareholders as an independent company. There can be no assurance that Jacobs can or will make a proposal, but, if he does, the board will of course evaluate it consistent with its fiduciary duties to shareholders. Jacobs has been an employee and director of Qualcomm since 1990, rising to the level of CEO and chairman of the board.
LRLCY

Hot Stocks

17:48 EDT L'Oreal acquires ModiFace, terms not disclosed - L'Oreal announced the acquisition of 100% of the Canadian company ModiFace, an internationally recognized leader in augmented reality and artificial intelligence applied to the beauty industry. This acquisition is in line with L'Oreal's digital acceleration strategy to provide the group's 34 international brands with the most innovative technologies in terms of services and beauty experience. ModiFace will be part of L'Oreal's Digital Services Factory, a dedicated network to design and develop new digital services for the group's brands. ModiFace will work in close collaboration with L'Oreal's Advanced Research. ModiFace will remain based in Toronto close to the University with which it has established many research partnerships.
ABEO

Hot Stocks

17:41 EDT Abeona Therapeutics reports $137.8M in capital at 2017 year end - Cash, cash equivalents and marketable securities as of December 31, 2017 were $137.8M, compared to $56.5M as of September 30, 2017.
NGL

Hot Stocks

17:39 EDT NGL Energy Partners does not expect material impact from FERC policy change - NGL Energy Partners announced that it does not expect a material impact from yesterday's revised policy statement by the Federal Energy Regulatory Commission, or FERC to disallow income tax allowance cost recovery in rates charged by pipeline companies organized as master limited partnerships, or MLPs. NGL owns Grand Mesa Pipeline, a FERC regulated interstate crude oil pipeline that operates from the DJ Basin in Weld County, Colorado with deliveries to Cushing, Oklahoma. FERC's revised policy impacts cost-of-service rates on oil pipelines. Currently, the volumes of crude oil that are transported on Grand Mesa are subject to contractual agreements. Therefore, FERC's revised policy will not impact Grand Mesa at the present time.
USCR

Hot Stocks

17:26 EDT Point72 Asset Management reports 5.2% passive stake in U.S. Concrete
ARMO

Hot Stocks

17:18 EDT HBM Healthcare Investments reports 5.35% passive stake in Armo BioSciences
UAL

Hot Stocks

17:08 EDT United Continental director Shapiro acquires 25,000 common shares - In a regulatory filing, United Continental director Edward Shapiro disclosed the purchase of 25,000 common shares in two transactions. The first transaction, dated March 14, was for 10,000 shares at a price of $71 per share. The second transaction, dated March 15, was for 15,000 shares at a price of $70.42 per share.
MTNB

Hot Stocks

17:02 EDT Matinas BioPharma names Jerome Jabbour CEO - Matinas BioPharma Holdings announced the appointment of Jerome D. Jabbour, Co-founder and President of Matinas, as its Chief Executive Officer and a member of its board of directors, effective immediately. As part of a planned transition, Roelof Rongen has stepped down as CEO and a member of the board. The company also outlined its revised and streamlined clinical and regulatory strategy for lead antifungal program, MAT2203, following its recent successful meeting with the U.S. Food and Drug Administration and its plans for optimizing its proprietary cochleate nano-particle platform delivery technology to secure strategic collaborations in areas of innovative medicine.
ECOM

Hot Stocks

16:58 EDT ChannelAdvisor executive chairman sells 40,000 common shares - In a regulatory filing, ChannelAdvisor executive chairman Scot M. Wingo disclosed the sale of 40,000 common shares of the company at a price of $9.15 per share.
SMCI

Hot Stocks

16:58 EDT Super Micro Computer receives letter of non compliance from Nasdaq Stock Market - Super Micro Computer announced that it has received a letter from the staff of the Listing Qualifications Department of The Nasdaq Stock Market notifying the company that since it remains delinquent in filing its annual report on Form 10-K for the fiscal year ended June 30, 2017 and its quarterly reports on Form 10-Q for the quarterly periods ended September 30, 2017 and December 31, 2017, the staff has determined that the company is non-compliant with Nasdaq Listing Rule 5250. Previously the staff granted the company an extension until March 13 to file all delinquent periodic reports. As a result of the foregoing, the company's common stock is subject to suspension in trading on March 23 and delisting from Nasdaq unless the company requests a hearing before a hearings panel by March 21. The company submitted a letter to Nasdaq requesting a hearing before a hearings panel at which it intends to present its plan to regain and thereafter maintain compliance with all applicable Nasdaq listing requirements. In connection with its request for a hearing, the company has also requested a stay of the suspension of trading and delisting of its common stock, pending the decision of the hearings panel.
NSC

Hot Stocks

16:56 EDT Norfolk Southern 'remaining neutral' toward TRC's 'mini-tender' offer - Norfolk Southern has been notified that TRC Capital Corporation made an unsolicited "mini-tender" offer, dated Feb. 23, 2018, to purchase up to 1M shares of Norfolk Southern stock at $136 per share, or 4.65% below the closing share price on the day of the offer. TRC also has reserved the right to terminate the offer. Norfolk Southern is in no way associated with TRC, and expresses no opinion and is remaining neutral toward TRC's offer.
CB

Hot Stocks

16:55 EDT Chubb CFO sells 55,675 common shares - In a regulatory filing, Chubb CFO Philip V. Bancroft disclosed the sale of 55,675 common shares of the company at a price of $140.94 per share.
CSCO

Hot Stocks

16:54 EDT Cisco EVP Goeckeler sells 20,671 common shares - In a regulatory filing, Cisco Systems EVP of networking and security David Goeckeler disclosed the sale of 20,671 common shares of the company at a price of $45.5014 per share.
NS

Hot Stocks

16:48 EDT NuStar Energy sees no material impact from FERC's tax policy change - NuStar Energy announced that Thursday's decision by the Federal Energy Regulatory Commission, or FERC, to revise its 2005 Policy Statement for Recovery of Income Tax costs is not expected to have a material impact on the earnings or cash flow of NuStar Energy. "While we were disappointed by the FERC's announcement that it no longer will allow interstate pipelines owned by master limited partnerships to recover an income tax allowance in the cost of service, it is important to note that the FERC's decision is not expected to have a material impact on NuStar because the vast majority of our rates are contract-based or market-based," said Brad Barron, president and CEO of NuStar Energy. We believe that FERC's action is inconsistent with the intended tax treatment of master limited partnerships, essentially negating the intent of Congress," Barron added. "We intend to work closely with our industry colleagues on legislative clarification of income-tax recovery. MLPs continue to serve as an important mechanism to build energy infrastructure."
MRVL CAVM

Hot Stocks

16:48 EDT Marvell holders approve share issuance in connection with proposed Cavium deal - Marvell Technology (MRVL) announced that its shareholders have voted to approve the issuance of Marvell common shares in connection with the previously announced proposed acquisition of Cavium (CAVM). In a preliminary count of the voting results from today's meeting of shareholders, more than 99% of votes represented in person or by proxy were voted in favor of approving the issuance of Marvell common shares in connection with the proposed acquisition. At a meeting held today prior to the Marvell shareholder vote, Cavium shareholders voted to approve the merger with Marvell. Marvell expects the transaction to close mid-calendar year 2018, subject to customary closing conditions, including receipt of regulatory approvals. The final voting results on all agenda items for each company's special meeting will be disclosed in separate Current Reports on Form 8-K to be filed with the Securities and Exchange Commission.
OAKS

Hot Stocks

16:38 EDT Five Oaks changes dividend payments to a quarterly basis - In connection with the Hunt Transaction and the transition to a new strategic direction, as further described below, Five Oaks also announced that in order to better align itself with its peers, with effect from Q3, it intends to switch from paying dividends on its common stock on a monthly basis to a quarterly basis. Accordingly, the company will announce on or about September 14 its Q3 common stock dividend, payable on October 15 to stockholders of record on September 28.
VUZI...

Hot Stocks

16:33 EDT Vuzix to ship Toshiba smart glasses in spring of 2018 - Vuzix (VUZI) said that, in the spring of 2018, it will begin shipping several new products. The first will be the Windows-based smart glasses for Toshiba (TOSBF, TOSYY). Vuzix entered into a development agreement with Toshiba in February 2017 to create a customized Window-based USB-C Type C AR Smart Glasses for Toshiba, which is a derivative product of the Vuzix M300 Smart Glasses. Vuzix recently began mass producing the device pursuant to a 3-year supply agreement the company has entered into with Toshiba. The second new product will be a Vuzix waveguide based smart glasses product, the Vuzix Blade. The Vuzix Blade is our first AR Smart Glasses that feature a stylish eyeglass form factor and are Alexa-enabled. The company's next waveguide based smart glasses, the M3000 Smart Glasses will leverage heavily from the M300 design and electronics and as a result should allow it to enter volume production in the fall of 2018. The company is also focused on the formation of new strategic partnerships on the waveguide and display engine side.
CFR

Hot Stocks

16:23 EDT Frost Bank says stopped identified unauthorized access - Bankers at Frost Bank, a subsidiary of Cullen/Frost Bankers, will today start briefing commercial lockbox customers about a recently discovered unauthorized access to digital images stored in those customers' commercial image archives. Earlier this week, Frost detected the unauthorized access to a third-party lockbox software program and immediately launched an investigation and started taking remediation actions. We have stopped the identified unauthorized access and are working with a leading cybersecurity firm. We have reported the incident to, and are cooperating with, law-enforcement authorities and our investigation is ongoing. We are contacting each of the affected commercial customers and will be working with them to support them in taking appropriate actions. The identified incident did not impact other Frost systems.
BMS

Hot Stocks

16:19 EDT Bemis announces agreement with Starboard Value - Bemis Company announced that it has entered into an agreement with Starboard Value LP, which currently owns approximately 3.3% of the company's outstanding shares, pursuant to which its board of directors has appointed Guillermo Novo, Marran H. Ogilvie, George W. Wurtz III, and Robert H. Yanker as new independent directors to the company's board, effective immediately. The company also announced that Ronald J. Floto and William L. Mansfield will retire from the board at the end of their current terms and will not stand for reelection at the 2018 Annual Meeting. Following the 2018 Annual Meeting, the board will be comprised of 13 directors, 12 of whom will be independent. In addition, Bemis created a Finance and Strategy Committee of the Board, which will be composed of two incumbent directors, David S. Haffner and Philip G. Weaver, and two new directors, Marran H. Ogilvie and Robert H. Yanker. The committee will be responsible for reviewing a wide range of topics, including the company's financial matters, strategic direction, and potential merger, acquisition, and divestiture opportunities, and make recommendations to the board regarding such topics. Under the agreement, Starboard will vote its shares in favor of all of the board's nominees and support all board recommended proposals at the company's 2018 Annual Meeting of Shareholders, among other things. This agreement will be filed on a Form 8-K with the U.S. Securities and Exchange Commission.
IEP NWL

Hot Stocks

16:16 EDT Icahn reports 6.86% stake in Newell Brands, says shares undervalued - In a regulatory filing, Carl Icahn (IEP) disclosed a 6.86% stake in Newell Brands (NWL). Icahn said his firm acquired its positions in the shares in the belief that the shares were undervalued. Icahn added that his firm has met with representatives of the company's management and intends to engage in talks with representatives of Newell's management and board of directors regarding ways to enhance shareholder value, including asset sales, capital structure optimization and possible board representation. Icahn Enterprises has also spoken to and expect to have further discussions with representatives of Starboard Value LP regarding Starboard's proxy contest against Newell Brands. The Reporting Persons do not have any agreements, understandings or arrangements with either the company or Starboard and are continuing to assess Starboard's proxy contest. Icahn Enterprises has not determined whether itwill support management or Starboard. "Although there is clearly no easy short-term fix for the Issuer, we believe there is an important role for our brand of activism," Icahn Enterprises said. "The Reporting Persons have acquired a substantial position in the Issuer in the hope that it will give us a larger influence in the future of the Issuer, whichever side we join."
GERN JNJ

Hot Stocks

16:11 EDT Geron sees Continuation Decision occuring by end of 3Q18 - Following completion of the IMbark protocol-specified primary analysis, Janssen (JNJ) must notify Geron (GERN) whether it elects to maintain the license rights and continue the development of imetelstat in any indication. Geron expects the protocol-specified primary analysis for IMbark to begin by the end of the second quarter of 2018. As such, the company expects the Continuation Decision to occur by the end of the third quarter of 2018.
WHD

Hot Stocks

16:08 EDT Brenham Capital reports 5.1% passive stake in Cactus
SND CP

Hot Stocks

16:08 EDT Smart Sand acquires $15.5M in assets, reaches agreement with Canadian Pacific - Smart Sand (SND) announced that it acquired the rights to operate a unit train capable transloading terminal in Van Hook, North Dakota to service the Bakken Formation. The company paid consideration of approximately $15.5M to acquire certain assets at the Van Hook terminal, and has entered into a long-term lease agreement in connection with the transaction. As part of this transaction, Smart Sand and Canadian Pacific (CP) have entered into a long-term agreement to service Van Hook directly along with the other key oil and gas exploration and production basins of North America. The company expects to have the Van Hook facility operational in April 2018.
ILG

Hot Stocks

16:05 EDT ILG says assertions in FrontFour's letter 'not accurate' - ILG issued the following statement in response to a public letter from FrontFour Capital Group LLC on March 15, 2018. "The assertions in FrontFour's letter are not accurate. While we do not think it is productive to engage back and forth with FrontFour through press releases, and we intend to avoid doing so in the future, we believe it is important to address the issues raised in FrontFour's letter. FrontFour has spoken to independent directors of ILG's Board on several occasions, and if FrontFour wants additional discussions with independent members of our Board, we are happy to arrange them. FrontFour has notified ILG of its intention to nominate four directors for election to the Board at ILG's 2018 Annual Shareholder Meeting. The ILG Board would like to interview those candidates, but despite our repeated requests, FrontFour has refused to make them available. We encourage FrontFour to make their nominees available for interviews so we can act with full information when determining whether or not to recommend that any of them be added to the Board. Finally, record dates for annual meetings are customarily set shortly before the definitive proxy statement is mailed to shareholders, and ILG intends to follow that customary practice."
STN

Hot Stocks

16:04 EDT Caisse de depot et placement du Quebec reports 5.1% passive stake in Stantec
SLNO

Hot Stocks

15:45 EDT 683 Capital Management reports 7.3% passive stake in Soleno Therapeutics
BIDU

Hot Stocks

15:33 EDT Baidu, Skyworth partner to develop AI ecosystem for smart homes - Baidu announced a strategic partnership with Skyworth, a Chinese electrical household appliance maker, to develop a fully-integrated in-home ecosystem powered by artificial intelligence. The company also announced a strategic investment in Shenzhen Coocaa Network Technology Company Limited, a subsidiary of Skyworth. Coocaa, the internet TV brand and intelligent operating system for Skyworth's products, will be integrated with Baidu's conversational AI system DuerOS as part of a strategic cooperation to use technology, content, data and operations together to create a revolutionary new smart home experience. The cooperation will bring together Baidu's advanced AI capabilities and Skyworth's strengths in the home appliance market to jointly create industry-leading smart home and Internet of Things services for consumers.
MMLP

Hot Stocks

14:27 EDT Martin Midstream Partners does not see cash flow impacted by FERC announcement - As previously reported, the Federal Energy Regulatory Commission announced that it will revise its 2005 Policy Statement for Recovery of Income Tax Costs and will no longer allow master limited partnerships to recover an income tax allowance in cost of service-based rates. In response to this announcement, Martin Midstream Partners confirms that it does not anticipate the Partnership's cash flow to be impacted by yesterday's announcement from the FERC.
BHGE

Hot Stocks

13:02 EDT Baker Hughes reports U.S. rig count up 6 to 990 rigs - Baker Hughes reports that the U.S. rig count is up 6 rigs from last week to 990, with oil rigs up 4 to 800, gas rigs up 1 to 189, and miscellaneous rigs up 1 to 1. The U.S. Rig Count is up 201 rigs from last year's count of 789, with oil rigs up 169, gas rigs up 32, and miscellaneous rigs unchanged at 1. The U.S. Offshore Rig Count is unchanged at 13 rigs and down 6 rigs from last year's count of 19. The Canada Rig Count is down 54 rigs from last week to 219, with oil rigs down 52 to 144 and gas rigs down 2 to 75. The Canada Rig Count is down 57 rigs from last year's count of 276, with oil rigs down 5, gas rigs down 50, and miscellaneous rigs down 2.
BBG

Hot Stocks

12:37 EDT Bill Barrett reports receipt of stockholder approvals for Fifth Creek deal - Bill Barrett announced that its stockholders overwhelmingly approved the adoption of the agreement and plan of merger between Bill Barrett Corporation and Fifth Creek Energy Operating Company at the special meeting of the company's stockholders held earlier today. With the receipt of the required stockholder approval, the transaction is expected to close Monday, March 19. As previously announced on December 5, 2017, the company and Fifth Creek Energy entered into a business combination transaction pursuant to which the company will acquire Fifth Creek Energy for shares of the company's common stock.
EQM

Hot Stocks

12:35 EDT EQT Midstream Partners sees immaterial impact from FERC announcement - EQT Midstream Partners, LP (EQM) announced that it expects an immaterial impact, if any, from yesterday's revised policy statement by the Federal Energy Regulatory Commission to disallow income tax cost recovery by pipelines owned by master limited partnerships. As of December 31, 2017, approximately 89% of EQM's contracted transmission capacity was subscribed under negotiated rate agreements, the company said in a statement. In addition, all of the 2 Bcf per day of capacity on the Mountain Valley Pipeline is subscribed under negotiated rate agreements, it added. EQT Midstream noted that in 2017, approximately 54% of its operating revenues were generated by gathering operations and 46% of operating revenues were from the transmission and storage segment.
VIA...

Hot Stocks

12:33 EDT Box Office Battle: 'Black Panther' looking to fend off 'Tomb Raider' - Disney (DIS) and Marvel Studios' "Black Panther," which has already grossed over $574M domestically, is looking to take the top spot at the box office for the fifth week in a row. It's biggest competition will be the release of Time Warner's (TWX) Warner Bros. "Tomb Raider," starring Alicia Vikander as the video game-based heroine. "Black Panther" is expected to edge out "Tomb Raider" with a domestic total of around $26.5M to an opening of $24M-$25M, respectively. Also out from Disney is "A Wrinkle In Time," a science fantasy film based on the novel written by Madeleine L'Engle, which is expected to earn around $17M in its second weekend at theaters. 21st Century Fox (FOX, FOXA) "Love, Simon," a coming of age love story with a gay protagonist, is also opening this weekend, and is expected to gross $12M-$15M. Other publicly traded companies in filmmaking include Comcast (CMCSA, CMCSK), Lionsgate (LGF.A, LGF.B), Sony (SNE), and Viacom (VIA, VIAB).
BTC...

Hot Stocks

12:31 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. SEC LOOKS AT HEDGE FUNDS: The Securities and Exchange Commission is adding hedge funds as a point of scrutiny in the "cryptocurrency craze," Bloomberg reported Wednesday. In an attempt to keep client assets safe, the SEC is looking into the business practices of many funds as well as initial coin offerings and "digital-token sales that give buyers stakes in companies." The agency is asking crypto-focused funds how they price digital investments and is looking for information on their compliance with rules to prevent the theft of investor cash. In addition, some funds have received subpoenas from the SEC's Enforcement Division. 2. GOOGLE TO BAN CRYPTO ADS: In a Wednesday support posting, Google (GOOG, GOOGL) announced it would ban cryptocurrency ads. The company said, "In June 2018, Google will update the Financial services policy to restrict the advertisement of Contracts for Difference, rolling spot forex, and financial spread betting. In addition, ads for the following will no longer be allowed to serve binary options and synonymous products and cryptocurrencies and related content including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice." 3. COINBASE GETS UK BANK ACCOUNT: Zeeshan Feroz, UK chief executive officer at Coinbase, said in a Wednesday blog post that Coinbase has been granted an e-money license by the UK's Financial Conduct Authority. He also said Coinbase is the first crypto-exchange to support the UK's Faster Payments Scheme. Feroz commented, "The license requires Coinbase's e-money operations to meet the strict rules enforced by the FCA and the Payment Services Directive. For our customers, this will ultimately help us deliver a better experience through new partnerships and an easier to use product." Coinbase obtained the bank account with U.K. lender Barclays (BCS). 4. IMF CALLS FOR CRACKDOWN: In a Tuesday blog post, International Monetary Fund head Christine Lagarde warned about the criminal risks of cryptocurrencies and said regulators should use the underlying technology to fight back. "We can begin by focusing on policies that ensure financial integrity and protect consumers in the crypto world just as we have for the traditional financial sector. Indeed, the same innovations that power crypto-assets can also help us regulate them," she said. 5. CRYPTO CHATTER: Tech investor Peter Thiel, who has invested over $15M in bitcoin along with his investment firm, said he was long bitcoin while being neutral to skeptical on other cryptocurrencies, Business Insider reported Friday. "I'm not exactly sure whether or not I would encourage people to turn out and buy these cryptocurrencies right now," he said. "Any of the objections most people would have to bitcoin are the same objections people would have had to gold. But money is a bubble that never pops ... and there is this bubble-like aspect to money that can be quite stable." In a Thursday CNBC interview, FireEye (FEYE) chief executive officer Kevin Mandia pointed out the cybersecurity risks associated with bitcoin. "You can have end-user machines compromised and then have bitcoin mined, or monero mined. What I have found from our vantage point in cybersecurity is it's faster and easier to make money stealing the digital currency and using it than it is in fact real currency at this point," he said. "The anonymity of the currencies create a challenge in cybersecurity." In addition, Visa (V) chief financial officer Vasant Prabhu criticized the bitcoin "bubble" saying cryptocurrency was used by "every crook and dirty politician" and his encounters with ill-informed retail investors have been "a real shock", the Financial Times reported Friday. "The people asking me are the ones who scare the hell out of me," he said. CRYPTO STOCK PLAYS: Cryptocurrency revenues have been pointed to as reasons to be bullish on Advanced Micro Devices (AMD) and Nvidia (NVDA) in select research. Overstock (OSTK), DPW Holdings (DPW), Long Blockchain (LBCC), Kodak (KODK), Seven Stars Cloud Group (SSC), Riot Blockchain (RIOT), Longfin (LFIN), Pareteum (TEUM) and Social Reality (SRAX) are other stocks that have been touted, or promoted themselves, as a way to play the crypto theme. PRICE ACTION: As of time of writing, bitcoin dropped roughly 1.9% this week to $8,519 in U.S. dollars according to CoinDesk. 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.
NI

Hot Stocks

12:24 EDT NiSource subsidiary files to to adjust its base rates to upgrade infrastructure - Columbia Gas of Pennsylvania, a subsidiary of NiSource, filed a request with the Pennsylvania Public Utility Commission, or PUC, to adjust its base rates for distribution service so it can continue to upgrade and replace the company's underground natural gas distribution pipelines. The filing, if approved by the PUC, would not only provide the company with an opportunity to earn a fair return on its infrastructure capital investments, but also enhance pipeline safety through a number of initiatives. Columbia Gas is seeking an annual revenue increase of approximately $46.9 million. Approval of the proposal would result in the average total bill for a residential customer who purchases 70 therms of gas per month increasing from $91.63 to $99.88, the average total bill for a small commercial customer who purchases 158 therms of gas per month increasing from $152.40 to $158.24 per month, and the average total bill for a small industrial customer who purchases 1,328 therms of gas per month increasing from $1,089.47 to $1,432.90 per month. These figures represent an annual average monthly bill with the customer purchasing their gas from Columbia Gas. Gas costs generally represent about a third of a residential customer's total bill. Columbia Gas purchases its gas on the wholesale market and under Pennsylvania law passes these costs on to its customers without mark-up or profit. The gas cost portion of a residential customer's monthly bill is based entirely on their home's monthly gas consumption. In addition to a wide array of customer assistance and energy efficiency programs that provide resources and tools for customers to save money and energy, the company also utilizes a Weather Normalization Adjustment that stabilizes the distribution portion of a customer's bill to reflect normal weather levels, if temperatures are 5 percent greater or 5 percent lower than normal during the winter heating season. The process for a general rate proceeding before the PUC can take up to nine months and the company expects that new rates would be effective at the end of 2018.
GOOG GOOGL

Hot Stocks

12:17 EDT Google expands Cloud Platform in the Netherlands region - In a blog post, Google announced that it was expanding its Google Cloud Platform in the Netherlands region by launching a third zone in the region. This is the 45th GCP zone globally and now, like other GCP regions, this third zone enables developers to build highly available services that meet the needs of their business. Reference Link
REV SAP

Hot Stocks

12:11 EDT Revlon: Elizabeth Arden synergies to be impacted by lower sales volumes - Revlon (REV) said on its earnings conference call on Thursday that while it remains on track with the Elizabeth Arden integration activities, given lower sales volumes, it expects the total estimated synergies to be impacted over the multiyear period. Regarding the implementation of its new SAP (SAP) ERP system, which went live at the beginning of February, Revlon said that while the overall implementation steps are on schedule, "our production capabilities and inventory recovery have been slower than expected, affecting our current order fulfillment levels." Revlon said it has taken "immediate actions to address the situation, have implemented a robust service recovery plan and have communicated with our key customers." The Fly notes that Revlon is up 3% to $22.16 in midday trading.
LMT

Hot Stocks

12:10 EDT Lockheed Martin confirms $3.53B contract award from U.S. Army - Lockheed Martin was awarded a seven-year, $3.53B contract to globally sustain more than 300,000 fielded Training Aids, Devices, Simulators and Simulations, or TADSS, including live-fire ranges and instrumentation systems. The Army Contracting Command - Orlando, in support of the U.S. Army Program Executive Office for Simulation, Training and Instrumentation awarded the Army TADSS Maintenance Program contract.
VUZI

Hot Stocks

12:02 EDT Vuzix drops after Mox Reports predicts shares going under 50c - Mox Reports announces a short position Vuzix and said it expects the sharses to be delisted at less than 50c. The stock in midday trading is down 42c to $7.02. "Vuzix recently used an undisclosed stock promotion involving dozens of mainstream media outlets to artificially inflate the share price and volume, and then raise $30 million," Mox writes in a research report on its website. It added, "Over the past 11 months, we have seen a very visible acceleration in SEC enforcement against this exact type of fraud. The recent undisclosed IRTH promotions were now too blatant and were then used for an immediate $30 million capital raise at $9.95. Investors in that offering ended up seeing nearly immediate losses after the pump campaign stopped." Reference Link
VUZI

Hot Stocks

12:00 EDT Mox Reports announces short position in Vuzix, sees shares worth under 50c
MIC

Hot Stocks

11:58 EDT Macquarie Infrastructure says FERC ruling immaterial to results, operations - Macquarie Infrastructure announced that is does not expect yesterday's ruling by the Federal Energy Regulation Commission to have any impact on the company's results of operations. "We are reviewing the ruling, but note that it appears to apply only to pass-through entities, not regular corporations such as MIC," said Liam Stewart, CFO. "Moreover, MIC currently has only one pipeline that is subject to FERC rate regulation and the contribution to our results from that pipeline is such that the overall impact of the ruling, if any, would be immaterial."
KTOS

Hot Stocks

11:30 EDT Kratos Defense shares fall after bearish report from Spruce Point Capital - In a critical investment research report from Spruce Point Capital Management, the firm said it conducted a forensic and fundamental analysis of Kratos Defense and believes the current management has destroyed "tremendous value" and noted the company has repeatedly had issues with Federal regulators. Spruce Point cautioned investors to view Kratos shares with "extreme caution," and said it sees 40%-70% downside risk. PRICE ACTION: In late morning trading, Kratos shares are lower by 3.5% to $10.08 on a day the broader markets are slightly higher.
FBR

Hot Stocks

11:15 EDT Fibria Celulose down 9.8% after filing reveals Suzano merger
FBR

Hot Stocks

11:12 EDT Fibria Celulose to combine operations with Suzano - In a filing, Fibria stated it has received the following information from its controlling shareholders Votorantim S.A. and BNDES Participacoes - BNDESPAR. On March 15, 2018, Fibria Controlling Shareholders, Suzano Holding and the other controlling shareholders of Suzano Papel e Celulose S.A, with Suzano Papel e Celulose, acting as intervening party, have entered into the Voting Agreement and other Obligations, by means of which Suzano controlling shareholders and Fibria controlling shareholders have agreed to exercise their voting rights in order to combine the operations and shareholding basis of Suzano and the company, through a corporate reorganization. A corporate reorganization shall be submitted to the shareholders of the companies, which will result in: (a) the ownership by Suzano of all the shares issued by Fibria; and (b) the receipt by Fibria's shareholders, for each common share issued by Fibria, of (i) R$ 52.50, adjusted by the CDI variation from March 15, until the date of its effective payment, to be made in a single installment on the date of implementation of the Transaction, and (ii) 0.4611 common shares of Suzano, to be also delivered on the date of the implementation of the Transaction. In addition to the CDI adjustment, as indicated above, the cash installment will be adjusted as a consequence of any dividends, interest on net equity and other proceeds declared by the companies as of the date hereof, except for the minimum mandatory dividend of Suzano and Fibria that have already been disclosed to the market. The Exchange Ratio will be proportionally adjusted in case of any stock splits, reverse stock splits and bonus stocks of Suzano and Fibria.
EA

Hot Stocks

10:38 EDT EA says update for 'Battlefront II' will make microtransactions cosmetic-only - In a blog post, Electronic Arts announced that the "Star Wars Battlefront II" Progression update, which includes a complete re-design of the in-game progression system, will begin rolling out on March 21st. "With this update, progression is now linear," the company said. "Star Cards, or any other item impacting gameplay, will only be earned through gameplay and will not be available for purchase. Instead, you'll earn experience points for the classes, hero characters, and ships that you choose to play in multiplayer. If you earn enough experience points to gain a level for that unit, you'll receive one Skill Point that can be used to unlock or upgrade the eligible Star Card you'd like to equip." Crates no longer include Star Cards and cannot be purchased, EA said. Crates are earned by logging in daily, completing Milestones, and through timed challenges. Inside of these crates, players will find Credits or cosmetic items, such as emotes or victory poses, but nothing that impacts gameplay. The company added that, starting in April, players will be able to get appearances directly through in-game Credits or Crystals. Reference Link
FEYE...

Hot Stocks

10:31 EDT FireEye in focus as Cisco, Symantec watch turnaround - Shares of FireEye (FEYE) are in focus amid rumors rival Symantec (SYMC) and Cisco (CSCO) are watching the company closely during its turnaround. TECH FIRMS WATCH TURNAROUND: The progress of FireEye CEO Kevin Mandia in turning around the company is likely being watched by rival security firms like Symantec as well as big tech companies like Cisco, The Information reported Thursday. FireEye saw increased losses in 2014 due to slowing sales growth and elevated spending and Mandia was hired in 2016 to take the helm of the company. He immediately began efforts to cut costs and update the company's product portfolio, which has reduced losses, however the stock has remained depressed. The CEO said he thinks the company's problems result from a lack of clear identity and he aims for FireEye to be defined by knowing more about hackers than anybody and meeting those threats with innovative products. Big companies like Cisco and Symantec have looked at the company as a takeover target, the report said, citing people familiar with the matter. "Whether you build to sell a company or build to last forever, you should do the same things," Mandia said in an interview. "If anyone bought us, I'm still along for the ride and we have to operationally manage what we've got." WHAT'S NOTABLE: In 2016, FireEye reportedly rejected several takeover offers. Synmantec held talks to acquire the company but ended negotiations in February without a deal due to disagreements over price, Reuters reported in 2016. Symantec's LifeLock reportedly was planning to offer $16 per share for FireEye. In addition, the company's talks with another buyer stalled in March as the bid was below its expectations, Bloomberg reported in June 2016. FireEye, which hired Morgan Stanley to explore a sale, was seeking offers of $30 per share or more. Following the talks, the company said it was no longer actively looking to sell itself. MANDIA SPEAKS WITH CRAMER: In an interview with CNBC's Jim Cramer on Thursday, Mandia said regardless of any takeover rumors, the company "just has to execute." "We're just heads down executing. I truly believe that's a CEO's number one job. Control your own destiny, execute to it," he said. "We had major products that were starting to decelerate in growth and we knew we had to have next-gen stuff to kind of come in and cover the gap for us." Mandia also pointed out there are no rules or repercussions to hacking when in countries like China, Russia, North Korea and Iran. "We don't have rules of engagement. Not every nation is establishing the same rules, everybody is kind of figuring it out, 'How are we supposed to act in cyberspace?'" he said. "The reality is this: if all Russia's cyberweapons win against us and all of our cyberweapons win against Russia, they win because we're the ones that rely on the internet." In addition, Mandia commented on bitcoin (BTC) saying, "You can have end-user machines compromised and then have bitcoin mined, or monero mined. What I have found from our vantage point in cybersecurity is it's faster and easier to make money stealing the digital currency and using it than it is in fact real currency at this point...The anonymity of the currencies create a challenge in cybersecurity because it used to be if I hacked your machine I could monetize it if I get a credit card number. Now I can just extort you anonymously from 10,000 miles away." PRICE ACTION: FireEye is up 0.6% to $18.22 in morning trading.
CME

Hot Stocks

10:27 EDT CME Group confirms preliminary approach regarding potential acquisition of NEX - CME Group released the following statement in the United Kingdom regarding a potential offer for NEX Group plc: "CME Group notes the announcement made by NEX Group yesterday and confirms that it has made a preliminary approach regarding a potential acquisition of NEX. CME and NEX currently are working together to allow CME to complete due diligence and determine whether a firm offer can be made. As a result, there can be no certainty that any firm offer will ultimately be made for NEX, nor in relation to the terms on which such offer may be made. [CME takes a disciplined approach to acquisitions with clearly defined strategic and financial objectives and an offer, if any, would have to meet these objectives.]In accordance with Rule 2.6(a) of the Code, CME is required, by not later than 5.00 p.m. on April 12, 2018, being the 28th day following the date of NEX's announcement to either announce a firm intention to make an offer for NEX in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies."
ZSAN

Hot Stocks

09:40 EDT Zosano Pharma jumps 25% after reaching milestone in M207-ADAM study - Zosano Pharma announced that the 100th patient has enrolled and received M207 in the long-term safety study for the acute treatment of migraine. M207 is Zosano's lead development candidate. M207-ADAM is an open label study evaluating the safety of the 3.8mg dose of zolmitriptan in migraine patients who have historically experienced at least 2 migraines per month. Patients are expected to treat a minimum of two migraines per month, with no maximum treatment limits. The study will evaluate at least 150 patients for six months, and 50 patients for a year at 31 sites in the U.S. The Company may elect to enroll more than the required number of patients to ensure a robust data set, and achievement of the requisite number of evaluable patients completing 6 and 12 months. The primary objective of the study is to assess safety of M207 during repeated use over 6 and 12 months. M207-ADAM study updates include:103 patients have qualified and received study drug additional 77 patients have signed consents and are in the 2-week run-in evaluation period study patients have treated 278 migraines since study initiation "Our clinical investigators are doing an excellent job in patient recruitment and follow-up and we are pleased with the study's progress," said Dr. Donald Kellerman, Zosano's VP, Clinical Development and Medical Affairs. "We have reached an important milestone in our M207-ADAM study. With the 100th patient enrolled, we project that 12 months from now, at least 50 of these patients will complete the study and have treated at least two migraines per month. Our investigator partners will continue enrolling to reach a sufficient number of patients such that 150 patients will complete six months, but the clinical completion of the study will occur after 50 subjects have completed a year, which we estimate to be in one year."
KNX

Hot Stocks

09:34 EDT Knight-Swift buys Abilene Motor Express, price undisclosed - On March 16, Knight-Swift Transportation Holdings wholly owned subsidiary, Knight Transportation, acquired all of the issued and outstanding equity interests of Abilene Motor Express and related entities .AME is a diversified truckload carrier located in Richmond, Virginia operating throughout the contiguous United States and Canada, with approximately $100M in annual revenues and an operating ratio in the low 90s.
LRN

Hot Stocks

09:19 EDT K12 extends partnership with Beijing Royal School - K12 announced an expanded partnership agreement to make the Fazheng Group's Beijing Royal School, or BRS, a Kindergarten through 12th grade international school in China, a value-added user and in-country distributor of K12 Inc.'s proprietary digital curriculum. BRS is a growing education leader in China with over eight thousand students currently enrolled. K12 has successfully delivered blended learning through BRS for the past three years, leveraging The Keystone School's accredited, online high school courses and educational services. In Phase one, nearly six hundred students are already enrolled in the program, but BRS leaders see the initial phase of their partnership with K12 as just the beginning of what blended and online learning can offer students across China.
QCOM

Hot Stocks

09:11 EDT Qualcomm off highs after source tells CNBC Jacobs has 'snapped' - Shares of Qualcomm (QCOM) are off the morning's highs after CNBC's David Faber reported that a leveraged buyout of the company is highly improbable. One source close to the board told Faber that former chairman Paul Jacobs has "snapped" and is not acting rationally. Faber echoed last night's report from Financial Times that Jacobs expressed interest to the board this week in taking Qualcomm private. In premarket trading shares of the chipmaker are off their highs but remain up 71c to $60.60.
QCOM...

Hot Stocks

09:09 EDT On The Fly: Pre-market Movers - HIGHER: Qualcomm (QCOM), up 1% after the Financial Times reported that ex-chairman Paul Jacobs has approached a number of global investors in an attempt to acquire the chipmaker. However, a leveraged buyout of Qualcomm seems highly improbable, CNBC's David Faber reports... Lumber Liquidators (LL), up 4% after the stock was upgraded to Buy from Hold at Loop Capital. UP AFTER EARNINGS: Adobe (ADBE), up 4%... Kodak (KODK), up 12%... Catabasis (CATB), up 8%, Aurinia (AUPH), up 7%. DOWN AFTER EARNINGS: Tiffany (TIF), down 5%... Broadcom (AVGO), down 2%... Perry Ellis (PERY), down 4%, Mazor Robotics (MZOR), down 4%... Overstock.com (OSTK), down 14%. LOWER: Mazor Robotics (MZOR), down 4% after the stock was downgraded to Underperform from Hold.
MPLX

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09:07 EDT MPLX expects FERC revision to have 'de minimis effect' on earnings - MPLX has reviewed the March 15 Federal Energy Regulatory Commission policy revision, in which FERC no longer will allow master limited partnership interstate natural gas and oil pipelines to recover an income tax allowance in cost-of-service rate filings. The partnership expects these revisions to have a de minimis effect on its earnings and cash flow.
LPT

Hot Stocks

09:06 EDT Liberty Property sells suburban Philadelphia office properties for $106.9M - Liberty Property has sold 779,190 square feet of suburban office properties in two transactions for $106.9 million. Both transactions closed this week. In the first transaction, Liberty sold 9, 15-25 and 11 Great Valley Parkway in Malvern, PA. The properties totaled 186,248 square feet, and were sold for $14.9 million. The properties in the second transaction are 440 and 460 E. Swedesford Road in Wayne, PA; 2100 and 2201 Renaissance Boulevard in King of Prussia, PA; 45 Liberty Boulevard and 300, 400 and 500 Chesterfield Parkway in Malvern, PA. They total 592,942 square feet, and sold for $92 million. In addition, Liberty has sold one 80,000 square foot industrial building at 301 Hill Carter Parkway in Richmond, VA for $7 million. With these sales, Liberty's 2018 dispositions to date total $190.8 million.
UTX

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09:06 EDT United Technologies says strong fundamentals in refrigeration
UTX

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09:05 EDT United Technologies feels better about container refrigeration segment - Growth and focus in refrigeration is in emerging markets.
UTX

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09:03 EDT United Technologies sees gaining share in commercial HVC -
TIF

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09:02 EDT Tiffany expects Q1 earnings to be up over a year ago - CEO Alessandro Bogliolo says company needs to accelerate pace of execution of strategies. Says strategic review resulted in six priorities. Says will amplify evolved brand message, will renew broad offerings and enhance in-store presentation, will focus on delivering seamless omnichannel experience, will cultivate optimized technology model, will inspire and align Tiffany workforce and will work to strengthen competitive position. VP of Investor Relations Mark Aaron says planning to open 9 stores, at least one in each region, close two stores and relocate 15 stores in 2018. Expects to increase global square footage by approximately 2%. Says will report comparable store sales on an omnichannel basis in Q1. Says will combine fashion and designer jewelry category with solitaire jewelry category. Says will launch new jewelry collection focused on platinum and diamonds in 2018. CFO Mark Erceg says company is doing a much better job managing cost. Says has financial strength to continue investing in business as well as return cash to shareholders. Expects to see a gradual phasing in before seeing full benefit of lower statutory tax rate. Expects 2018 effective tax rate in high 20% area before seeing a step down in rate in 2019. Says gross margin to expand, but operating margin to decline in 2018. Sees operating margin expansion in 2019 and beyond. Sees Q1 earnings to be up over a year ago. Expects $380M of free cash flow in 2018. Comments taken from Q4 earnings conference call.
UTX

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08:59 EDT United Technologies says in a very competitive cost position - Says profitable growth in residential.
UTX

Hot Stocks

08:39 EDT United Technologies says backlogs are a concern in Middle East, China
UTX

Hot Stocks

08:38 EDT United Technologies says commodities are a headwind
UTX

Hot Stocks

08:37 EDT United Technologies says needs to convert backlog - Company has path through 2020, but will need positive end-markets. Can get to goals with recoveries in China and Europe. Says we can exit with 3-5% earnings trajectory. Comment from Analyst Day presentation.
WMB

Hot Stocks

08:35 EDT Williams announces FERC impacts - The Federal Energy Regulatory Commission, or FERC, issued a revised policy statement that reversed its 2005 income tax policy that permitted master limited partnership, or MLP, interstate oil and natural gas pipelines to recover an income tax allowance in cost of service rates. Williams Partners primary regulated interstate pipelines are Transcontinental Gas Pipe Line, Northwest Pipeline, and a 50% interest in Gulfstream Natural Gas System. Williams Companies owns approximately 74% of Williams Partners, and is an income tax paying entity. In 2017, about a third of Williams Partners' gross margin was derived from these regulated pipelines. The FERC's revised policy will only impact cost of service rate calculations on a prospective basis. Transco will make its initial filing for its next rate case later this year. However, negotiated rates will make up approximately 50% of Transco's revenue by year-end and would not be impacted by this ruling. Northwest Pipeline settled its rate case with shippers in 2017, with new rates becoming effective in 2018. Finally, Gulfstream Natural Gas System's rates with its customers, which are all negotiated rates, would not be impacted by this ruling.
CO

Hot Stocks

08:34 EDT China Cord Blood announces approval of name change to Global Cord Blood - China Cord Blood Corporation announced the results of its extraordinary general meeting of shareholders, which was held on March 16, 2018, in Hong Kong S.A.R., China. At the Extraordinary General Meeting, shareholders approved the company's name to change from "China Cord Blood Corporation" to "Global Cord Blood Corporation". The company expects to receive approval from the Registrar of Companies in the Cayman Islands for the name change in the next several days and that GCBC's ordinary shares will commence trading under the New Name on the New York Stock Exchange with effect from March 22, 2018 under a new CUSIP of G39342 103 and ISIN of KYG393421030 but still with ticker symbol "CO". The website address of the Company will be changed to http://www.globalcordbloodcorp.com. The change of company name will not affect any of the rights of the existing shareholders of the company. All share certificates of the company in issue bearing the former name of the Company continue to be evidence of title and valid for all purposes. New share certificates of the company which are issued on or after March 22, 2018 will be issued under the New Name of the company.
CVS

Hot Stocks

08:31 EDT CVS Pharmacy offers new shingles vaccine at locations nationwide - CVS Pharmacy announced that all of its more than 9,800 pharmacies have the new Shingrix vaccine available for patients.1 The new vaccine was licensed by the U.S. Food and Drug Administration in 2017 and is now recommended by the Centers for Disease Control and Prevention. Healthy adults age 50 and older are recommended to get two doses of Shingrix, two to six months apart, to prevent shingles and reduce the course and severity of the disease. The Shingrix vaccine is considered more than 90% effective at preventing shingles and protection stays above 85% for at least the first four years after a patient is vaccinated. Many health insurance plans will cover the new vaccine, including Medicare Part D. Patients are encouraged to contact their insurance provider to determine if and when their individual plan will cover the Shingrix vaccine. Patients can visit www.cvs.com to find nearby CVS Pharmacy locations and to learn more about the Shingrix vaccine and other immunizations CVS Pharmacy provides. Certain immunizations have age and location restrictions.
SGMS

Hot Stocks

08:27 EDT Scientific Games announces launch of National Lottery of Kazakhstan - Scientific Games Corporation announces the official launch of the National Lottery of Kazakhstan, bringing lottery game entertainment to the Republic of Kazakhstan in Central Asia. The Lottery is operated by JSC Satty Zhuldyz, which was awarded a 15-year contract, with Scientific Games serving as the exclusive supplier of all games, technology and services. Lottery instant "scratch" games and draw games, including numbers and Keno, are launching across a network of approximately 3,000 retailers in Kazakhstan, the world's 9th largest country in geographic size and the region's economic powerhouse generating 60 percent of Central Asia's GDP.
EMR

Hot Stocks

08:17 EDT Emerson reports trailing three-month orders to February up 10% - In a regulatory filing yesterday, Emerson disclosed that its orders in the trailing three-month to February increased 10%. "Underlying orders growth was in the 5 to 10 percent range communicated at our annual Investor Conference in February, as demand trends were consistent with those discussed at the conference," the company stated.
FBIO

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08:17 EDT Fortress: As of December 31 Fortress had cash equivalents $168.3M vs. $172.6M - As of December 31, Fortress' consolidated cash, cash equivalents, short-term investments, cash deposits with clearing organizations and restricted cash totaled $168.3M, compared to $172.6M as of September 30, 2017, and $105.2M of December 31, 2016, a decrease of $4.3M for the fourth quarter and an increase of $63.1M year-to-date.
OPK

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08:15 EDT Opko Health says study shows 4Kscore is 'strong predictor' of prostate cancer - OPKO Health announced that data from a landmark study of the 4Kscore test entitled, "Twenty-year Risk of Prostate Cancer Death by Midlife Prostate-specific Antigen and a Panel of Four Kallikrein Markers in a Large Population-based Cohort of Healthy Men" were published online in the peer-reviewed journal, European Urology. Prostate specific antigen, or PSA, screening reduces prostate cancer deaths but may lead to harm from over diagnosis and overtreatment of indolent prostate cancer that is not life threatening. The 4Kscore test was designed to specifically detect aggressive prostate cancer and reduce the use of prostate biopsy with its associated risks in men with an abnormal PSA. The Malmo Diet and Cancer study enrolled 11,506 healthy men between the ages of 45 and 73 from 1991-1996 who had no previous PSA testing and very limited PSA testing following enrollment. When entering the study, a blood sample was cryopreserved and the men were followed through December 2014 when the blood samples were tested and patients who were diagnosed and died from prostate cancer identified. In the study, there were 317 deaths from prostate cancer. The 4Kscore was measured on 1,223 men diagnosed with prostate cancer and 3,028 controls. The study found that men aged 60-73 with a PSA greater than or equal to2.0 ng/mL in their banked sample had a 7.7% chance of dying from prostate cancer up to 15 years after the sample was collected. These same men were tested with the 4Kscore, and if the 4Kscore test result was greater than or equal to7.5%, indicating high risk for aggressive disease, the risk for death from prostate cancer in the next 15 years was increased to a 13% (1 in 8) chance. These men should have received further evaluation, including consideration of a prostate biopsy. Importantly, the study showed that men with a low risk 4Kscore result of less than7.5% have a 0%, 0.6%, and 1.7% risk of death from prostate cancer over the next 5, 10, and 15 years, respectively. These men could have safely avoided a prostate biopsy, and with continued monitoring, would have further lowered their long-term risk.
EYES

Hot Stocks

08:08 EDT Second Sight names Gregg Williams as chairman of the board - Second Sight announced that the board has appointed Gregg Williams as chairman of the board, effective immediately. Williams, a current member of the board of Second Sight and the company's largest shareholder succeeds Robert Greenberg, who has served as chairman of the board since August 2015 and who remains a member of the board.
ZAYO

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08:05 EDT Zayo Group to add 600 route miles connecting data center hubs - A global webscale customer has selected Zayo Group for dark fiber services on its Reno to Umatilla route, which is currently under development. The deal further supports Zayo's investment in this route as a follow-on to the initial anchor customer sale announced earlier this year. The high-fiber count network will provide additional diversity to the customer's data centers in the Northwest. Increasingly, webscale companies are moving to triversity or quadversity to ensure fully resilient networks. The new route is adding more than 600 route miles connecting Umatilla, Oregon, with Reno, Nevada, a fast-growing data center hub. The fully underground route creates a diverse route between Portland and other major cities on the west coast. The route will also be available for 100G wavelengths in addition to dark fiber once completed.
EDGW

Hot Stocks

08:00 EDT Edgewater trading resumes
NVTA

Hot Stocks

07:39 EDT Invitae, KEW partner to develop somatic mutation detection capabilities - Invitae Corporation and KEW announced a collaboration to develop comprehensive genomic profiling solutions for sequencing tumor DNA on Invitae's next generation sequencing platform. By adding KEW's somatic mutation detection capabilities to Invitae's extensive portfolio of diagnostic genetic testing panels for hereditary cancers, Invitae will be able to help clinicians guide their patients from initial cancer diagnosis through treatment and monitoring. The genetics of both a patient and tumor play an important role in making cancer treatment decisions and informing drug development. Germline testing from Invitae assesses inherited genetic changes that increase the risk of developing certain cancers. Somatic testing from KEW analyzes acquired alterations in DNA within a tumor that can drive its growth. Together, the tests have the potential to provide detailed genetic information on each patient's unique situation. KEW's CANCERPLEX sequencing assay for genomic profiling of tumors helps a clinician better understand the specifics of a patient's cancer by: Optimizing detection of somatic mutations in 435 cancer-associated genes, Identifying clinically-actionable mutations not found by hot-spot testing, Determining accurate tumor mutation burden and microsatellite instability for identifying likely responders to immune checkpoint inhibitors. Invitae will fund the collaborative development efforts and the build-out of its production capabilities to integrate KEW's technology into its platform and workflow. In addition to KEW's CANCERPLEX sequencing assay, Invitae gains access to KEW's proprietary bioinformatics software providing robust, high-performance analytics for sequence alignment and variant calling as well as state-of-the-art software for curating genomic mutations and biomarkers.
ATEN

Hot Stocks

07:36 EDT A10 Networks reaches settlement with VIEX, adds Tor Braham to board - A10 Networks announced that it has reached a settlement agreement with VIEX Capital Advisors, which, together with its affiliates, beneficially owns approximately 5.3% of A10's outstanding shares. Under the terms of the agreement, A10 appointed Tor Braham to its board of directors effective March 14. Additionally, A10's board of directors will submit for stockholder approval a proposal to declassify the board of directors at its 2018 annual meeting. If the proposal to declassify the board of directors is approved by stockholders at the 2018 annual meeting, declassification of the board will be implemented on a rolling basis beginning with the 2018 annual meeting such that each director serving as of immediately prior to the opening of the polls at the 2018 annual meeting will serve through the remainder of his term and, in general, each director elected or appointed at or after that meeting will serve a one-year term.
SMLP

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07:35 EDT Summit Midstream does not expect to be adversely impacted from FERC announcement - The Federal Energy Regulatory Commission announced that it will revise its 2005 Policy Statement for Recovery of Income Tax Costs so that it will no longer allow MLPs to recover an income tax allowance in cost of service-based rates. In response to this announcement, Summit Midstream Partners confirms that it does not currently provide services pursuant to FERC jurisdictional cost of service-based rates, and as such, SMLP does not expect to be adversely impacted by yesterday's announcement from the FERC.
JNJ

Hot Stocks

07:35 EDT Platinum Equity submits binding offer to acquire LifeScan from J&J for $2.1B - Platinum Equity announced that it has submitted a binding offer to acquire LifeScan from Johnson & Johnson in a transaction valued at approximately $2.1B. LifeScan is a leader in blood glucose monitoring products with 2017 net revenue of approximately $1.5B. Headquartered in Chesterbrook, Pennsylvania and Zug, Switzerland, LifeScan serves approximately 20M patients globally in more than 90 countries. LifeScan President Valerie Asbury would continue leading the business following the change in ownership. The acceptance period for the offer will end on June 15, 2018, unless extended, and during that time, consultations with relevant works councils are planned. If the offer is accepted, the transaction would be expected to close by the end of 2018, subject to the satisfaction of customary closing conditions.
QCOM NXPI

Hot Stocks

07:34 EDT Qualcomm extends cash tender offer for outstanding shares of NXP - Qualcomm Incorporated (QCOM) announced that Qualcomm River Holdings has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors (NXPI). The tender offer is being made pursuant to the Purchase Agreement, dated as of October 27, 2016, by and between Qualcomm River Holdings B.V. and NXP, as amended. The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on March 23, 2018, unless extended or earlier terminated, in either case pursuant to the terms of the Purchase Agreement. American Stock Transfer & Trust Company, the depositary for the tender offer, has advised Qualcomm River Holdings B.V. that as of 5:00 p.m., New York City time, on March 15, 2018, the last business day prior to the announcement of the extension of the offer, 56,605,079 NXP common shares, representing approximately 16.5% of the outstanding NXP common shares, have been validly tendered pursuant to the tender offer and not properly withdrawn. Shareholders who have already tendered their common shares of NXP do not have to re-tender their shares or take any other action as a result of the extension of the expiration date of the tender offer.
GSB

Hot Stocks

07:34 EDT Audit committee finds GlobalSCAPE did not have control over financial reporting - Subject to management's completion of the restated financial statements and related disclosures for the restatement periods, as well as the reviews and audit to be conducted by GlobalSCAPE's independent registered public accounting firm, Weaver and Tidwell, the company currently anticipates filing, on or before June 15, the amendment to its 2016 Form 10-K, the amendment to the March 2017 10-Q and its quarterly reports on Form 10-Q for the periods ended June 30, 2017 and September 30, 2017 and the 2017 Form 10-K. However, because of the nature and amount of work that needs to be completed to file these reports, the company cannot be certain how much time will ultimately be required to complete the restatement process and accordingly, there remains a substantial risk that additional time will be required. As a result of the accounting and other issues identified by management and the investigation, management has concluded that one or more material weaknesses exist in the company's internal control over financial reporting and that, as a result, the company's disclosure controls and procedures were not effective as of the end of each of the restatement periods, and that the company did not maintain effective internal control over financial reporting as of December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017. While the company has not yet completed its assessment of disclosure controls and procedures, and internal control over financial reporting for the restatement periods, the company has already begun to implement a number of ongoing remedial measures in response to the committee's investigation.
JNJ

Hot Stocks

07:33 EDT Platinum Equity submits binding offer to acquire LifeScan from Johnson & Johnson
ATEN

Hot Stocks

07:32 EDT A10 Networks announces delay of 10-K filing - A10 Networks announced that it will delay the filing with the SEC of its Annual Report on Form 10-K for the year ended December 31, 2017, beyond the filing's due date. As previously disclosed, the company's Audit Committee, with the assistance of outside counsel, is conducting an investigation regarding certain revenue recognition and internal control matters. The investigation is focused on the time period of the fourth quarter of 2015 through the fourth quarter of 2017 inclusive. The Audit Committee has not reached any conclusions because the investigation is ongoing. Consequently, the company is not in a position to file the Form 10-K until after the completion of the Audit Committee's investigation. While the company continues to work expeditiously to conclude this review and to file the Form 10-K as soon as practical, it does not anticipate filing its Form 10-K within the 15-day extension period provided under Rule 12b-25(b).
JNJ

Hot Stocks

07:32 EDT JNJ receives binding offer from Platinum Equity to acquire LifeScan for $2.1B - Johnson & Johnson announced that it has received a binding offer from Platinum Equity, a leading private investment firm, to acquire its LifeScan business for approximately $2.1B, subject to customary adjustments. LifeScan, Inc. is a leader in blood glucose monitoring products with 2017 net revenue of approximately $1.5B. The Johnson & Johnson Family of Companies will continue to serve those impacted by diabetes through innovative products, services and solutions from its Medical Device, Pharmaceuticals, and Consumer businesses. These include important leadership and innovation in areas such as bariatric surgery and through medicines such as INVOKANA and INVOKAMET. The acceptance period for the offer will end on June 15, 2018, unless extended, and during that time, consultations with relevant works councils are planned. If the offer is accepted, the transaction would be expected to close by the end of 2018, subject to the satisfaction of customary closing conditions. This transaction was contemplated in the Company's guidance provided on January 23, 2018.
EDGW

Hot Stocks

07:27 EDT Edgewater trading halted, news pending
GSB

Hot Stocks

07:21 EDT GlobalSCAPE announces audit committee investigation is complete - GlobalSCAPE updated the status of its previously announced internal investigation conducted by the audit committee of its board regarding certain accounting and other matters, the completion of its financial statement audit and certain legal proceedings. In June 2017, the committee began conducting an investigation into certain transactions previously recorded in the fourth quarter of 2016 involving improper arrangements with customers that circumvented the Company's internal controls and their potential effect on previously reported revenue. The committee's investigation is now substantially completed. The company is continuing the process of completing the preparation, review and audit of its financial statements for the fiscal years ended December 31, 2015 and 2016, the amendment of its annual report on Form 10-K for the year ended December 31, 2016, the amendment of its quarterly report on Form 10-Q for the quarter ended March 31, 2017 and the preparation and review of its financial statements for the quarterly periods ended June 30, 2017 and September 30, 2017 and the year ended December 31, 2017. Due to the ongoing nature of the company's internal review and restatement process, the company cannot at this time provide an estimate of the individual or net effect of this review and independent audit for any given period. The impact of some of the adjustments on certain periods in the restatement periods could be material and will not be finally determined until the company completes the preparation, review and audit of its financial statements.
KRG

Hot Stocks

07:07 EDT Kite Realty Group sells two shopping centers for $63M - Kite Realty Group Trust announced that it sold two shopping centers this quarter for $63M in gross proceeds, which were used to pay down the Company's unsecured revolving line of credit: Trussville Promenade, a 463,836 square foot power center located in Birmingham, Alabama that is anchored by Walmart, Regal Cinemas, Big Lots, Marshall's, and Ross Dress For Less; and Memorial Commons, a 111,022 square foot center located in Goldsboro, NC that is anchored by Harris Teeter and Office Depot. "We sold these non-core assets in secondary markets to further our deleveraging strategy and to continue improving the quality of our portfolio," said John Kite, Chief Executive Officer. "These two centers had average base rents and demographics well below those for the balance of our portfolio, and this sale now completes our exit from the Alabama market."
CBMG

Hot Stocks

07:04 EDT Cellular Biomedicine reports 'positive' 48-week clinical data of AlloJoin trial - Cellular Biomedicine announces 48-week clinical data from the Phase I clinical trial in China for its allogeneic adipose-derived mesenchymal progenitor cell off-the-shelf therapy AlloJoin for Knee Osteoarthritis, or KOA. The data was presented on March 16, 2018 at the B. Riley FBR Inaugural China Healthcare Investing & Partnering Symposium, or CHIPS, conference in Hangzhou, China, by Dr. ChengXiang Dai, General Manager of the Company's Stem Cell Business Unit.
ITUS

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07:02 EDT ITUS to present data from early cancer detection study at AAI meeting - ITUS Corporation announced that it will present the latest data from its ongoing early cancer detection study at the annual meeting of the American Association of Immunologists in Austin, Texas. The meeting will be held May 4-8, 2018 and will be attended by physicians and scientists dedicated to understanding and advancing the field of immunology. ITUS's proprietary Cchek technology combines immunophenotyping, or analysis of white blood cells, with artificial intelligence to detect the presence of solid tumor from a blood sample. ITUS utilizes flow cytometry for immunophenotyping by monitoring leukocytes focusing on a recently discovered class of cells known as Myeloid Derived Suppressor Cells. These cells, as well as other myeloid and lymphoid cells, comprise the human immune system, and ITUS's Cchek monitors perturbations in the immune system to identify tumors. An Artificial Intelligence application known as a Neural Network is utilized to perform the analysis.
CTRN

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06:49 EDT Citi Trends promotes Bruce Smith to CEO - Citi Trends announced that Bruce Smith, acting CEO, has been promoted to serve as the permanent CEO and has been appointed to the board, effective as of March 15. Smith has been serving as acting CEO since March 2017, when the previous CEO resigned.
DB

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06:40 EDT Deutsche Bank CEO: 'Committed' to delivering net profit in 2018 - Deutsche Bank published its 2017 Annual Report. This includes an overview of Deutsche Bank, the Management Report and the bank's audited consolidated financial statements for the financial year 2017. John Cryan, CEO, said: "We remain committed to our objective of delivering a net profit and a competitive dividend payout for 2018. In the meantime we have established the basis for realising Deutsche Bank's full potential." The Management Board has decided to waive its variable compensation for the 2017 financial year. The Supervisory Board respected the decision and has therefore refrained from setting variable compensation for the financial year 2017 for the members of the Management Board.The twelve members of the Management Board collectively received for the year 2017 compensation totaling 29.2 million euros. John Cryan, Management Board Chairman and Group CEO, received a salary of 3.4 million euros.Total compensation awarded to Deutsche Bank employees in respect of the year 2017 increased to 10.3 billion euros. This includes variable compensation for employees of 2.2 billion euros, versus 0.5 billion euros in the prior year and 2.4 billion euros in 2015. The number of employees decreased in 2017 by 2,209 or 2.2 percent to 97,535. Germany saw the largest decline in employee numbers, largely driven by the restructuring of PCB.
TIF

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06:38 EDT Tiffany up 2.2% after reporting Q4 results, giving guidance
BPL

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06:37 EDT Buckeye Partners does not expect material impact from FERC revised policy - Buckeye Partners announced that, although Buckeye is a Master Limited Partnership, or MLP, it does not expect the Federal Energy Regulatory Commission's, or FERC revised policy statement issued yesterday holding that pipeline companies organized as MLPs are not entitled to recover an income tax allowance in their costs of service to have a material impact on Buckeye's operating results. FERC's order addresses the ability of an MLP to recover an income tax allowance for rates that are determined on a cost-of-service basis. A significant portion of Buckeye's rates on file with FERC have not been set on a cost-of-service basis and therefore are not impacted by yesterday's order. For a number of markets in which Buckeye operates, Buckeye has market-based ratemaking authority, which rates do not need to be justified by a cost of service and, as a result, are not impacted by yesterday's order. Buckeye also has a number of negotiated rates on file with FERC that were established through an open season process and are supported by underlying contracts, which, similarly, are not impacted by yesterday's order. In addition, Buckeye has a number of rates on file with state regulatory agencies, none of which are impacted by yesterday's order. For Buckeye's rates established by application of FERC's indexation methodology, wherein the underlying base rates could be required to be justified by a cost of service if challenged, Buckeye believes any potential impact would not be material to Buckeye's aggregate financial results.
BIO

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06:29 EDT Bio-Rad unable to file 2017 Form 10-K by extended deadline - Bio-Rad cites continuing review, audit by KPMG.
EEP

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06:16 EDT Enbridge Energy Partners preliminary impact of revised FERC policy on taxes - Enbridge Energy Partners provided its preliminary assessment of the potential impacts of the Federal Energy Regulatory Commission's recent policy change with respect to the recovery of income tax amounts included in the cost of service rates of pipelines within a master limited partnership. On March 1, FERC changed its long-standing policy on the treatment of income tax amounts included in the rates of pipelines and other entities subject to cost of service rate regulation within an MLP. In its order PL17-1-000, FERC revised a policy in-place since 2005 to no longer permit entities organized as master limited partnerships (MLP's to recover an income tax allowance in their cost of service rates. EEP is organized as an MLP and certain of the rates applicable to its expansion projects are tolled annually on a cost of service basis, via the Lakehead Facility Surcharge Mechanism (FSM). EEP intends to ask for rehearing of this policy change at the FERC. FERC's new policy will take effect when the policy is published in the Federal Register which, for purposes of estimating the 2018 impact, is assumed to be March 31, 2018. Should FERC's new policy be approved as announced, the 2018 financial impact to EEP is expected to be an approximate $100M reduction in revenues and a $60MM reduction to distributable cash flow net of non-controlling interests. Based on the foregoing preliminary analysis and estimates, EEP is adjusting its 2018 DCF guidance range to $650M - $700M from $720M - $770M and 2018 total distribution coverage to approximately 1.0x from approximately 1.15x. Important details of implementing the new policy statement require clarification and EEP will continue to assess the financial impacts as more information becomes available.
ENB

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06:10 EDT Enbridge sees no impact to past view as a result of FERC changes over 2918-2020 - Enbridge stated that it does not expect a material impact to its previously disclosed financial guidance over the 2018-2020 horizon as a result of the Federal Energy Regulatory Commission FERC revised policy statement on interstate pipeline tax allowance recovery in Master Limited Partnerships nor from FERC's Notice of Proposed Rule-Making. Spectra Energy Partners does not expect any material impact to its financial guidance from the FERC policy actions. Roughly 60% of SEP's gas pipeline revenue comes from negotiated or market-based tariffs and therefore not directly affected by the FERC policy revisions. The remaining 40% of gas pipeline revenue is from cost of service based tariffs which could be subject to tax recovery disallowance. The liquids assets within SEP are predominantly negotiated tariffs and also not materially affected by the policy revisions. SEP anticipates no immediate impact to its current gas pipeline cost of service rates as a result of the revised policy, and therefore, no impact is expected to its previously provided 2018 financial guidance. Any future impacts would only take effect upon the execution and settlement of a rate case. In the event of a rate case, all cost of service framework components would be taken into consideration, which is expected to offset a significant portion of any impacts related to the new FERC policy. Any unmitigated impacts are not anticipated to materially change SEP's distributable cash flow outlook beyond 2018. Enbridge Energy Partners derives a portion of its revenue from a Facility Surcharge Mechanism that applies cost of service tariffs which would be impacted by this policy change. As a result of lower tax rates under US Tax Reform, EEP previously guided to a decrease in distributable cash flow of $55M for 2018. This new FERC policy would cause a further decrease to DCF of roughly $80 million on an annual basis, or roughly $60M on a prorated basis in 2018. Under the International Joint Toll mechanism, reductions in the EEP tariff will create an offsetting revenue increase on the Canadian Mainline system owned by Enbridge Income Fund Holdings. Financial guidance at ENF remains unchanged; however, this could provide a further tailwind for financial results. The combined impact at both EEP and ENF are offsetting for Enbridge on a consolidated basis.
SEP

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06:08 EDT SEP does not expect material financial impact as result of FERC policy revisions - Spectra Energy Partners provided its preliminary assessment of the potential impacts of the Federal Energy Regulatory Commission's, or FERC, recent policy change with respect to the recovery of income tax amounts included in the cost of service pipelines within a master limited partnership, or MLP. On March 15, 2018, FERC changed its long-standing policy on the treatment of income tax amounts included in the rates of pipelines and other entities subject to cost of service rate regulation within an MLP. In its order PL17-1-000, FERC revised a policy in place since 2005 to no longer permit entities organized as master limited partnerships to recover an income tax allowance in their cost of service rates. SEP intends to ask for rehearing of this policy change at FERC. Roughly 60% of SEP's gas pipeline revenue comes from negotiated or market-based tariffs and therefore not directly affected by the FERC policy revisions. The remaining 40% of gas pipeline revenue is derived from cost of service based tariffs which could be subject to tax recovery disallowance. The liquids assets within SEP are predominantly negotiated tariffs and also not materially affected by the policy revisions. SEP anticipates no immediate impact to its current gas pipeline cost of service rates as a result of the revised policy and therefore no impact is expected to its previously provided 2018 financial guidance. Any future impacts would only take effect upon the execution and settlement of a rate case. In the event of a rate case, all cost of service framework components would be taken into consideration which we expect to offset a significant portion of any impacts related to the new FERC policy. Any unmitigated impacts are not anticipated to materially change SEP's distributable cash flow outlook beyond 2018.
SMTS

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06:05 EDT Sierra Metals announces strike action from fraction of workers at Yauricocha - Sierra Metals announced that a group of unionized contract employees representing less than 10% of the workforce at the company's Yauricocha Mine in Peru, has informed the company of their intent to initiate a strike action which could result in the stoppage of mining and milling activities at the site on Friday, March 16, 2018. Minera Corona a subsidiary of Sierra Metals Inc. received notice from the Union of the Mine and Metallurgical Workers of Minera Corona of their intention to initiate a strike action in which the Union will discontinue work on March 16, 2018. Company management believe the potential strike action to be illegal under current legislation and have applied to the Peruvian Ministry of Labour to have the action declared as such. Management are confident the Ministry of Labour will agree and deem the strike illegal. A contingency plan has been put in place by the company to protect the remaining non-unionized employees who will continue working during the strike. Additionally, precautions to safe-guard the plant, property and equipment during the strike have also been put in place. Upon resolution of the work stoppage, if needed the company will release any adjustments to the 2018 production and cost guidance.
MPVD

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05:31 EDT Mountain Province Diamonds signs non-binding MoU with De Beers - Mountain Province Diamonds announces it has signed a non-binding memorandum of understanding, or MoU, with its partner in the Gahcho Kue mine, De Beers Canada Inc. The MoU contemplates incorporating properties owned by Kennady Diamonds into the Gahcho Kue joint venture, in the event that Mountain Province's proposed acquisition of Kennady Diamonds is approved. Mountain Province and De Beers will now work towards a definitive agreement based on the MoU.
FMI RHHBY

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05:18 EDT Foundation Medicine pursues regulatory approval for FoundationOne CDx in Japan - Foundation Medicine (FMI) announced that Chugai Pharmaceutical, a member of the Roche Group (RHHBY), will broaden patient access to Foundation Medicine's comprehensive genomic profiling, or CGP, services for individuals with advanced cancer. Specifically, Chugai has filed for regulatory approval from the Ministry of Health, Labour and Welfare, or MHLW, in Japan for FoundationOne CDx, which, if approved in Japan, would enable access to MHLW-approved targeted therapies and immunotherapies, as well as clinical trials, for patients with cancer in Japan. Chugai will also lead commercial efforts in Japan for Foundation Medicine's suite of CGP assays. FoundationOne CDx is the first FDA-approved comprehensive genomic profiling assay for all solid tumors that incorporates multiple companion diagnostics. If approved in Japan by the MHLW, Chugai will be the Marketing Authorization Holder of FoundationOne CDx in Japan.