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Stockwinners Market Radar for April 01, 2018 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
| AMZN... | Hot Stocks19:41 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. President Donald Trump criticized Amazon (AMZN) once again, with a series of tweets on Saturday morning saying: "While we are on the subject, it is reported that the U.S. Post Office will lose $1.50 on average for each package it delivers for Amazon. That amounts to Billions of Dollars. The Failing N.Y. Times reports that "the size of the company's lobbying staff has ballooned," and that... [..] ...does not include the Fake Washington Post, which is used as a "lobbyist" and should so REGISTER. If the P.O. "increased its parcel rates, Amazon's shipping costs would rise by $2.6 Billion." This Post Office scam must stop. Amazon must pay real costs (and taxes) now!" 2. In another series of tweets over the weekend, President Donald Trump also threatened to pull out of the North American Free Trade Agreement if Mexico does not stop people and drugs from flowing into the U.S. from Central America. "Mexico is doing very little, if not NOTHING, at stopping people from flowing into Mexico through their Southern Border, and then into the U.S. They laugh at our dumb immigration laws. They must stop the big drug and people flows, or I will stop their cash cow, NAFTA. NEED WALL!" 3. Tech has become an increasingly dominant sector in the S&P 500, making up a quarter of the total weighting as of last month, Avi Salzman wrote in this week's edition of Barron's. That exposes investors to volatility when the top tech names, such as Apple (AAPL), Microsoft (MSFT), Amazon, Alphabet (GOOG; GOOGL) and Facebook (FB), struggle, he added. Investors worried about the prominence of those companies in their portfolios can buy "less sexy" tech names that generate tons of cash and offer strong dividends like Cisco (CSCO) and Intel (INTC), the report noted. 4. Warner Bros. (TWX) "Ready Player One" won the box-office Easter egg hunt, grossing $41.2M from 4,234 theaters. This brings the sci-fi adventure's four-day bow to $53.2M after launching a day early on Thursday, and marks Steven Spielberg's biggest domestic bow since "Indiana Jones and the Kingdom of the Crystal Skull" a decade ago. The movie scored 76% from Rotten Tomatoes and got an A- CinemaScore from movie audiences. 5. Comcast (CMCSA; CMCSK), Microsoft, Tesla (TSLA), Nvidia (NVDA), CEVA (CEVA), Synopsys (SNPS), Cadence Design Systems (CDNS), Andeavor (ANDV), Marathon Petroleum (MPC), Philips 66 (PSX) and Valero (VLO) saw positive mentions in Barron's while Deutsche Bank (DB) was mentioned cautiously.
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| MNOV | Hot Stocks19:08 EDT MediciNova Phase 2 MN-001 in NASH/NAFLD to be terminated on positive results - MediciNova announced that it will terminate the Phase 2 clinical trial of MN-001 - tipelukast - in NASH and NAFLD with hypertriglyceridemia early based on the significant positive results from an interim analysis. MN-001 significantly reduced mean serum triglycerides, a primary endpoint, from 260.1 mg/dL before treatment to 185.2 mg/dL after eight weeks of treatment. There were no clinically significant safety or tolerability issues during the study. Having achieved the most important endpoint of the study, MediciNova will discontinue enrollment and stop the study in order to accelerate further development of MN-001.
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| TWX... | Hot Stocks17:43 EDT Box Office Battle: 'Ready Player One' wins Easter weekend with $53M - Warner Bros. (TWX) "Ready Player One" won the box-office Easter egg hunt, grossing $41.2M from 4,234 theaters. This brings the sci-fi adventure's four-day bow to $53.2M after launching a day early on Thursday, and marks Steven Spielberg's biggest domestic bow since "Indiana Jones and the Kingdom of the Crystal Skull" a decade ago. The movie scored 76% from Rotten Tomatoes and got an A- CinemaScore from movie audiences. BOX OFFICE RUNNERS-UP: Lionsgate (LGF.A) "Tyler Perry's Acrimony" debuted in second place, with $17.1M from 2,006 theaters. Behind it was Disney (DIS) and Marvel Studios' "Black Panther," earning another $11.2M in its seventh weekend for a domestic cume of $650.7M and a global tally of $1.273M. Roadside Attractions and Lionsgate's "I Can Only Imagine" placed number four, grossing $10.8M in its third weekend. Rounding out the top five, Comcast (CMCSA, CMCSK) subsidiary Universal's "Pacific Rim: Uprising" tumbled 67% in its sophomore weekend to $9.2M for a 10-day North American cume of $45.7M. Other publicly traded companies in filmmaking include 21st Century Fox's (FOXA), Viacom (VIA, VIAB) and Sony's (SNE).
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| SPY SPX | Hot Stocks17:08 EDT Trump threatening to pull out of NAFTA if Mexico does not stop flow of people - In a series of tweets on Sunday, President Donald Trump threatened to pull out of the North American Free Trade Agreement if Mexico does not stop people and drugs from flowing into the U.S. from Central America. "Mexico is doing very little, if not NOTHING, at stopping people from flowing into Mexico through their Southern Border, and then into the U.S. They laugh at our dumb immigration laws. They must stop the big drug and people flows, or I will stop their cash cow, NAFTA. NEED WALL!" Trump also suggested he was no longer willing to strike a deal to assist immigrants brought to the country illegally as minors: "Border Patrol Agents are not allowed to properly do their job at the Border because of ridiculous liberal (Democrat) laws like Catch & Release. Getting more dangerous. "Caravans" coming. Republicans must go to Nuclear Option to pass tough laws NOW. NO MORE DACA DEAL! [...] These big flows of people are all trying to take advantage of DACA. They want in on the act!"
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| FE | Hot Stocks16:25 EDT FirstEnergy Solutions, FirstEnergy Nuclear file for Chapter 11 restructuring - FirstEnergy Solutions, its subsidiaries and FirstEnergy Nuclear Operating company announced that to facilitate an orderly financial restructuring, they have filed voluntary petitions under Chapter 11 of the Federal Bankruptcy Code with the U.S. Bankruptcy Court in the Northern District of Ohio in Akron. The Filing Entities collectively have over $550M in cash, which they believe is sufficient liquidity to continue normal operations and meet post-petition obligations to employees, suppliers and customers as they come due. The Filing Entities expect that the Chapter 11 process will enable them to improve the viability of their operations. FES will also continue seeking legislative and regulatory relief at the state and federal level. As previously announced, FES and FENOC have engaged in constructive discussions with parties representing their creditors. Those discussions are continuing as the Filing Entities explore strategic alternatives for the competitive generation businesses. The Filing Entities' parent company, First Energy, and its other subsidiaries, including its regulated subsidiaries, are not part of the filing and will not be subject to the Chapter 11 process.
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| PCG | Hot Stocks16:21 EDT PG&E proposes to reduce expected customer rate increases through tax savings - Pacific Gas and Electric Company, PG&E, filed several ratemaking requests with the California Public Utilities Commission. PG&E is taking action to pass along approximately $450M in annual tax savings to its customers. As a first step, PG&E made three separate filings requesting to pass along approximately $325M per year in federal tax savings from the federal Tax Cuts and Jobs Act for 2018 and 2019. PG&E has proposed to the CPUC that the benefits of the federal tax savings be used to offset expected rate increases. Also, the company filed its 2018 Catastrophic Events Memorandum Account application requesting cost recovery of $183M for safely restoring power for fire and storm declared emergencies from the middle of 2016 through early 2017. The 2018 CEMA filing also includes recorded costs of $405M for work to prune, cut back or remove dead or dying trees in 2016 and 2017 resulting from years of drought conditions and associated bark beetle infestation, as well as a forecast of $555M for additional tree mortality and fire mitigation work anticipated in 2018 and 2019. PG&E expects to work collaboratively with the CPUC to determine the timing and the best way to pass the tax savings along to its customers given the impact on customer rates from the 2018 CEMA application and other factors. PG&E has historically worked closely with the Commission to stabilize rates and bills by using unexpected cost reductions like the federal tax savings to offset expected cost increases. As a next step in passing along the additional tax savings to customers, PG&E expects to reflect additional federal tax savings of approximately $125M from other rate cases, including a pending Federal Energy Regulatory Commission proceeding.
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| V | Hot Stocks16:06 EDT Visa announces resignation of Gary Hoffman from Board of Directors - Visa has announced that Gary Hoffman has resigned as a member of the company's Board of Directors effective immediately in order to pursue other opportunities. Hoffman, who has also served on the Visa Europe Board and currently serves as its Chairman, will be stepping down from that position effective June 30, 2018. Debbie Hewitt, who joined the Visa Europe Board in June 2017 as an independent non-executive director, will become Chair of the Visa Europe Board upon Hoffman's departure in June.
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