Stockwinners Market Radar for July 06, 2018 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

17:07 EDT Honeywell awarded $119.6M U.S. Army contract modification - Honeywell International was awarded an $119,630,553 modification to contract W56HZV-12-C-0344 for Total Integrated Engine Revitalization Automotive Gas Turbine hardware to meet Anniston Army Depot production and Total Integrated Engine Revitalization program field repair site requirements. Work will be performed in Phoenix, Arizona, with an estimated completion date of March 29, 2021.

17:03 EDT TransAtlantic Petroleum reports Q2 production 2.8 boe/d - TransAtlantic Petroleum says total production for the second quarter was approximately 2,777 barrels of oil equivalent per day. The company's current average seven-day net production rate is approximately 3,082 BOEPD, comprised of approximately 2,984 barrels of oil per day and approximately 585 thousand cubic feet per day ("MCFPD") of natural gas. The increase in production is primarily due to workovers and new well completions in Southeast Turkey, which commenced in January 2018. In January 2018, the company commenced a planned drilling program in Southeast Turkey. In the Selmo field, commercial production of 68 BOPD was established in the company's Selmo-81H2 well following its vertical completion. In the Molla area, the company's Yeniev-1 well was drilled to a total depth of 10,306 feet. The company's initial log analysis indicates prospective pay in the Bedinan, Hazro and Mardin zones for this well. Completion operations are currently ongoing. The first zone tested in the Bedinan was perforated on June 26, 2018. This well tested at a flowing oil rate of approximately 700 BOPD and is currently flowing approximately 390 BOPD at 16/64 choke size to temporary production facilities. The company continues testing at its Cavuslu well following the discovery of hydrocarbons in the lower Bedinan formation and in the Dadas shale. The well has produced a cumulative 184 barrels of oil from the Dadas shale. The company intends to test two additional zones in this well. Following this testing, we expect to begin long term production in one or more of the tested zones.

16:31 EDT RPM COO Ronald Rice takes early retirement - RPM International announced a more streamlined senior leadership structure as part of the initiatives underway to drive greater operating efficiency across the organization. The company said that, effective July 6, its Group Presidents will report directly to chairman and CEO Frank Sullivan. As a result, president and COO Ronald Rice has decided to take early retirement from the company.

16:28 EDT Novartis, Sandoz recall blister packs due to being not child-resistant - Sandoz and its affiliate, Novartis announced a voluntary recall and corrective action notice for certain lots of product distributed in the U.S. in pre-packaged blister card packages after learning that these blister packs do not meet federal standards for child-resistant packaging, posing a risk of harm if the tablets are swallowed by children. Sandoz and Novartis became aware of the issue, notified the U.S. Consumer Product Safety Commission, or CPSC and FDA that the blister packs at issue are not compliant for consumer home use. As a result, the companies are voluntarily recalling and implementing corrective action for these selected blister packs. This action is only necessary because the blister packs are not child-resistant.

16:16 EDT Retail Ventures sells Tequestra Shoppes for $14.3M - On July 6, 2018, Retail Value Inc closed on the sale of Tequesta Shoppes in Tequesta, FL for $14.3M. Net proceeds were used to repay mortgage debt associated with RVI. Subsequent to the transaction, RVI owns interests in 35 properties located in the continental U.S. and 12 properties in Puerto Rico.

16:10 EDT Haverty Furniture reports Q2 revenue $198.8M, consensus $195.55M. - Reports Q2 SSS up 1.3%. Comparable store sales do not include locations opened, closed or otherwise non-comparable during the last 12 months. Sales for the first six months of 2018 totaled $398.2M, compared with $397.3M in 2017, representing an increase of 0.2%. On a comparable store basis, sales increased 0.1% for the first six months.

16:04 EDT Cellectar Biosciences treatment of Ewing's Sarcoma granted FDA orphan status - Cellectar Biosciences' treatment of Ewing's Sarcoma was granted orphan designation by the FDA, according to a post to the agency's website. Reference Link

13:27 EDT Lawmakers send questions to Toys 'R' Us PE backers over retailer's failure - Nineteen members of Congress, including Senator Bernie Sanders, sent a letter to the heads of KKR (KKR), Bain Capital, and Vornado Realty Trust (VNO), all private equity backers of Toys 'R' Us, questioning their roles in the company's bankruptcy and criticizing leveraged buyouts. In the letter, the members of Congress expressed their support for Toys 'R' Us workers, noting that leveraged buyouts often result in "mass job loss, closure of profitable businesses, and unnecessary financial burdens for local government." According to the letter, such buyouts "harm communities, while investment managers walk away with significant gains." The members of Congress expressed concerns that the investment firms "deliberately" chose to leave Toys 'R' Us workers "with nothing" and requested responses from the firms to a number of questions. The questions were about whether changing the toy retailer's capital structure to 78% debt was deliberate, what services, if any, were provided by the firms, whether the firms plan to offer immediate severance pay to all Toys 'R' Us workers, and whether any individual associated with any firms was involved in the layoff decision. The letter requests "prompt" attention to such inquiries, noting the Representatives and Senator "would appreciate" a response by no later than July 15. Reference Link

13:03 EDT Baker Hughes reports U.S. rig count up 5 to 1,052 rigs - Baker Hughes reports that the U.S. rig count is up 5 rigs from last week to 1,052, with oil rigs up 5 to 863, gas rigs unchanged at 187, and miscellaneous rigs unchanged at 2. The U.S. Rig Count is up 100 rigs from last year's count of 952, with oil rigs up 100, gas rigs down 2, and miscellaneous unchanged. The U.S. Offshore Rig Count is unchanged at 19 and down 2 rigs year-over-year. The Canada Rig Count is up 10 rigs from last week to 182, with oil rigs up 9 to 126 and gas rigs up 1 to 56. The Canada Rig Count is up 7 rigs from last year's count of 175, with oil rigs up 21 and gas rigs down 14.

12:47 EDT Duke Energy increases quarterly dividend 4.2% - Duke Energy declared a quarterly cash dividend on its common stock of 92.75c per share, an increase of 3.75c per share, or 4.2%. The dividend is payable on September 17 to shareholders of record at the close of business August 17.

12:02 EDT Daily S&P Biotech Bear 3x Shares falls -7.2% - Daily S&P Biotech Bear 3x Shares is down -7.2%, or -$1.73 to $22.33.

12:02 EDT LSC Communications falls -12.7% - LSC Communications is down -12.7%, or -$2.06 to $14.18.

12:02 EDT Civeo rises 8.0% - Civeo is up 8.0%, or 33c to $4.37.

11:55 EDT Red Oak expresses 'serious concerns' with EDUC's governance practices - Red Oak Partners, a long-term investor in Educational Development Corporation and the largest outside investor with a 7.7% ownership stake, announced that it has issued a letter to the Board of Directors of EDUC expressing serious concerns with the company's troubling corporate governance practices, Board composition, and misaligned management incentive plan proposal and Red Oak's intention to oppose the election of the Class II directors and the proposed management equity incentive plan at the upcoming 2018 Annual Meeting scheduled to be held on July 24. Red Oak has also called upon EDUC's Board to work with its shareholders to address the significant concerns regarding EDUC's corporate governance practices.

11:39 EDT EchoStar says no intention to make offer for Inmarsat - Further to the announcement made by Inmarsat plc (IMASY) on June 8, EchoStar (SATS) announces that it does not intend to make an offer for the entire issued and to be issued share capital of Inmarsat pursuant to Rule 2.7 of the City Code on Takeovers and Mergers.

10:36 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. COINBASE OPENS CRYPTO CUSTODIAL SERVICE: In a Monday blog post, Coinbase said, "Last week, Coinbase Custody accepted its first deposit. Today, we're proud to announce that we're officially open for business. Over the coming weeks, we'll continue on-boarding a set of world-class clients that includes leading crypto hedge funds, exchanges and ICO teams...Coinbase Custody is a combination of Coinbase's battle-tested cold storage for crypto assets, an institutional-grade broker-dealer and its reporting services, and a comprehensive client coverage program....Coinbase Custody provides secure storage of crypto assets for institutions in both the US and Europe. Before the end of the year, we hope to bring this offering to Asia as well. " 2. SQUARE WITHDRAWS BANK APPLICATION: Payments processor Square (SQ), which supports bitcoin and recently was granted a cryptocurrency license in New York, has withdrawn its regulatory application to the Federal Deposit Insurance Corporation to open a depositary bank, but plans to refile the application later, American Banker reported Thursday. "We have been engaged in constructive dialogue with the FDIC, and our decision to withdraw and refile was a procedural step in the review process that will allow us to amend and strengthen some areas of our FDIC insurance application," a Square representative said. 3. SWISS BOURSE TO LAUNCH CRYPTO PLATFORM: Switzerland's stock exchange, owned and managed by SIX, announced Friday that it is building a fully integrated trading, settlement and custody infrastructure for digital assets. SIX is fully regulated as an operator of Financial Market Infrastructure by Swiss Authorities, FINMA and the Swiss National Bank, and intends that the planned 'digital asset ecosystem' - SIX Digital Exchange - will enjoy the same standard of oversight and regulation. 4. OVER 800 CRYPTO PROJECTS DEAD: The number of cryptocurrency projects has exploded in the last 18 months, but now over 800 of those projects are dead, drawing comparisons between the current digital coin market and the dotcom bubble in 2000, CNBC reported Monday. Companies raised $3.8B via initial coin offerings in 2017 and $11.9B via ICOs in 2018 so far, but hundreds of the projects are now worthless and trade at less than 1c because they were scams, a joke or the product hasn't materialized. 5. LEE SEES BITCOIN AT $25K: Fundstrat Global Advisors co-founder Tom Lee said he sees bitcoin at over $20,000 per unit by year-end, 20% lower than his previous $25,000 target, but later clarified he still stands by the $25,000 forecast, CNBC reported Thursday. Lee, who estimated mining costs around $9,000 at year-end, said those estimates "imply fair value over $20,000, roughly $22,000," but added, "We still think bitcoin can reach $25,000 by the end of the year or something like that." 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), Kodak (KODK), Seven Stars Cloud (SSC), Riot Blockchain (RIOT), 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 rose about 11.1% this week to $6,558 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.

10:03 EDT Acceleron facioscapulohumeral muscular dystrophy treatment granted orphan status - Acceleron Pharma's Follistatin291-IgG2 Fc fusion protein was granted orphan status by the FDA as a treatment of facioscapulohumeral muscular dystrophy, according to a post to the agency's website. Reference Link

09:47 EDT Embraer falls -5.1% - Embraer is down -5.1%, or -$1.20 to $22.30.

09:47 EDT Dorian LPG rises 2.9% - Dorian LPG is up 2.9%, or 22c to $7.88.

09:47 EDT Tetra Technologies rises 3.8% - Tetra Technologies is up 3.8%, or 17c to $4.70.

09:19 EDT Marvell completes Cavium acquisition, bolstering infrastructure offerings - Marvell Technology (MRVL) announced the completion of its acquisition of Cavium (CAVM). The combination creates a leading semiconductor company focused on the infrastructure market, offering customers a portfolio of storage, processing, networking, wireless connectivity and security products whose breadth and depth are unmatched in the industry. "The next wave of semiconductor growth will be fueled by advancements in the data economy," said Matt Murphy, Marvell's President and CEO. "Applications such as AI, 5G, Cloud, automotive, and edge computing all require engineering solutions that combine high bandwidth, very low power consumption, and leadership in complex system on a chip solutions. As a combined company, we now offer industry-leading IP, a broad portfolio of infrastructure solutions, and a talented team of

09:04 EDT On The Fly: Pre-market Movers - HIGHER: Biogen (BIIB), up 14% after the company's Phase 2 BAN2401 study achieved statistical significance on key predefined endpoints evaluating efficacy at 18 months on slowing progression in a measure of Alzheimer's Disease... Deutsche Bank (DB), up 3% after a Germany business weekly, WirtschaftsWoche, said that JPMorgan (JPM) and Industrial and Commercial Bank of China may be interested in taking a stake in the German lender. DOWN AFTER EARNINGS: PriceSmart (PSMT), down 7%. ALSO LOWER: Arbutus Biopharma (ABUS), down 4% after B. Riley FBR analyst Madhu Kumar downgraded the stock to Neutral with an unchanged price target of $9... Regulus Therapeutics (RGLS), down 38% after announcing a strategic update and corporate restructuring and reporting that it paused its Phase 1 study for RGLS4326.

08:37 EDT Bombardier signs $287M maintenance services contract - Bombardier Transportation announced that it signed a contract for 20 years of rail system maintenance services with an undisclosed customer in Southeast Asia on June 29, 2018. The order is valued at approximately EUR245M, $287M.

08:32 EDT Insight Enterprises named preferred channel partner for Microsoft HoloLens - Insight Enterprises (NSIT) announced it has been named the preferred channel partner for North America to offer Microsoft (MSFT) HoloLens, the first untethered, self-contained, holographic computer that powers mixed reality solutions. HoloLens enables users to engage with digital content and interact with 3D holograms in their surrounding environment, blending the physical and digital worlds in ways that were previously impractical for enterprises. HoloLens runs Windows 10 and allows users to visualize data and collaborate with teams in real time. Insight's Digital Innovation team brings deep knowledge in mixed, augmented and virtual reality experience design and application development. Microsoft HoloLens can be cleanly integrated into existing business systems to bring ideas and information to life with 3D holograms.

08:09 EDT SPI Energy amends terms of December 2014 convertible bond financing - SPI Energy announced that it entered into an amendment agreement with respect to the company's convertible bond financing from December 2014. On December 15, 2014, the company announced that it had entered into a definitive agreement with Union Sky Holdings Group Limited pursuant to which the Company issued a convertible promissory note with a principal amount of $20M to a special purpose vehicle of Union Sky in December 2014. The convertible promissory note had a maturity date of June 28, 2016. On February 14, 2017, the company announced that it had entered into an amendment agreement with the SPV to extend the maturity date of the note, pursuant to which agreement the repayment of $6.6M, $6.7M and $6.7M of the principal amount of the note would be due by April 2017, January 2018 and January 2019, respectively. However, the company has not made any repayment pursuant to 1st Amendment. On June 29, 2018, the company entered into another amendment agreement with the SPV and Magical Glaze, a company incorporated under the laws of British Virgin Islands, pursuant to which agreement the SPV has transferred all the rights and obligations under the CB Agreement and 1st Amendment to MGL, and the maturity date of the note was extended. According to the 2nd Amendment, the repayment of $6.6M, $6.7M and $6.7M of the principal amount of the note and interest thereon is due by December 2019, June 2020 and December 2020, respectively.

08:07 EDT Zoetis announces HSR clearance for $2B Abaxis acquisition - Zoetis (ZTS) and Abaxis (ABAX) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, or HSR Act, in connection with Zoetis' previously-announced acquisition of Abaxis for $83.00 per share in cash, or approximately $2B in aggregate. The expiration of the waiting period under the HSR Act satisfies one of the conditions necessary for the consummation of the transaction. The transaction is subject to other customary closing conditions, including the approval of Abaxis shareholders. Abaxis shareholders will vote on the transaction at a special meeting of shareholders currently scheduled to be held on July 31. Zoetis expects to complete the acquisition shortly after the Abaxis special meeting if all of the conditions to closing are then satisfied, and it intends to fund the purchase through a combination of existing cash and new debt.

08:03 EDT Caesarstone appoints Yuval Dagim CEO - Caesarstone announced the appointment of Yuval Dagim as the company's new CEO. Dagim's exact starting date will be announced shortly. Yuval holds experience in global business and leadership across multiple industries, including building materials, consumer products and construction. During his 28-year career, he has successfully spearheaded numerous organizational enhancements and global business developments at several companies. Yuval was most recently the CEO of Shikun & Binui, a global construction and infrastructure company headquartered in Israel. Yuval will replace Interim CEO, Yair Averbuch.

08:02 EDT Black Box awarded over $10M data center project for global social media company - Black Box announced that it is partnering with one of the world's most renowned and prominent social media organizations on its global data center expansion program. The potential data center work could total $300M or more for Black Box-making it the largest customer and deal in the company's history. Black Box's Commercial Services business unit was awarded this U.S.-based data center infrastructure and connectivity project following several years of successful data center work in Europe for the most well-known social media company in the world. This first award for the almost million square foot data center is worth more than $10M and marks the beginning of a five to ten year strategic relationship with the social media giant, which is planning a very aggressive global data center expansion program. Conversations are already underway between Black Box and the social media company to add additional site locations and data centers. The potential work could total $300M or more for Black Box. In the data center, Black Box is responsible for the rack and stack of network equipment, installation of the infrastructure hardware, and all of the structured cabling, which includes more than 100 miles of fiber optic cabling. Black Box will deploy a dedicated project team ramping up to seventy plus team members for the first project and could see that number grow to over five hundred team members as the program reaches its potential.

07:08 EDT Xunlei launches ThunderChain File System to support blockchain applications - Xunlei announced that it has launched the ThunderChain File System and three TRC Smart Contract Standards to support the development of blockchain applications. The company also revealed the winners of Xunlei Blockchain Applications Global Challenge final tournament held in Shenzhen. ThunderChain File System, based on Xunlei's proprietary distributed technology and millions of shared computing nodes, is a distributed file system for data storage and authorized distribution. It is built specifically for blockchain platforms including ThunderChain and other platforms. Blockchain developers and enterprises can build decentralized applications with distributed data storage and integration, possessing the improved capabilities in openness, transparency, non-temper ability, traceability, reliability, security and encryption, mass storage and authorization. In addition to TCFS, Xunlei published three ThunderChain Request for Comment standards to help blockchain developers and companies reduce costs and build a ThunderChain ecosystem. These standards are TRC1, TRC2 and TRC2-1.

06:05 EDT Nielsen launches Friday morning data delivery for retail measurement - Nielsen set a new industry standard for U.S. retail measurement with the launch of Friday morning data delivery. Nielsen's Friday morning data delivery will provide the earliest read into the retail and consumer goods marketplace, enabling companies to identify and move on market trends, sooner. Nielsen's first-to-market launch will reduce wait time for weekly retail sales performance data, which industry wide, often carries through the weekend and into the early days of the following week. Nielsen's ability to deliver data on Friday morning grants retail and fast-moving consumer goods companies advanced access to weekly sales performance data reporting on volume, market share, distribution, price and promotion metrics across all Nielsen's Total U.S. All Outlets Combined channels inclusive of grocery stores, drug stores, mass merchandisers, select dollar stores, select warehouse clubs and military commissaries. Access to this enhanced data delivery option will enable both retailers and manufacturers to end the week more informed so they can more effectively strategize for the week ahead and stay in front of competitors through quick, data-driven decisions.

05:53 EDT EchoStar says Inmarsat rejected higher takeover bid of 532p per share - EchoStar (SATS) confirms that it made a proposal to acquire the entire issued and to be issued share capital of Inmarsat (IMASY). The board of Inmarsat rejected the proposal and subsequently, on July 3, EchoStar presented a new and improved proposal which was rejected by Inmarsat on July 4. EchoStar continues, however, "to seek engagement with the board of Inmarsat on a constructive basis, with a view to agreeing the terms of a recommended transaction." Under the terms of the improved proposal, Inmarsat shareholders would be entitled to receive 265 pence in cash and 0.0777 new shares of EchoStar class A common stock for each Inmarsat share. Based on the closing price per share of EchoStar class A common stock on July 5 of $45.45, the improved proposal implies an equivalent value of 532 pence per Inmarsat share, valuing Inmarsat's existing issued share capital at approximately GBP 2.45B. EchoStar believes a combination of EchoStar and Inmarsat is strategically compelling. The combined group would be one of the world's leading satellite providers and be well supported by a global portfolio of complementary assets and service offerings. EchoStar believes that the improved proposal "presents a compelling opportunity for Inmarsat's shareholders to realize certain value from their investment in Inmarsat while also participating meaningfully in the upside potential of the combined company."

05:49 EDT Wind Tre selects Ericsson for RAN modernization in Italy - Ericsson has been selected by Wind Tre to modernize its Radio Access Network across Italy. The deal will see the implementation of the Ericsson Radio System product portfolio into the Italian communications service provider's network starting October 2018, including new ERS Radios, and ERS Basebands to improve network quality and user experience for the company's 31M customers.

05:38 EDT Mitsubishi Electric announces strategic partnership with ITEI - Mitsubishi Electric Corporation announced that two of its Group companies in China, Mitsubishi Electric and Mitsubishi Electric Automation, will conclude a strategic partnership on July 9 with the Instrumentation Technology and Economy Institute, P.R. CHINA, a research institute under the direct control of the Chinese Government, to promote standardized intelligent manufacturing under a cooperative relationship aimed at supporting the nation's Made in China 2025 program. A signing ceremony will be held on the same day. In 2015 the Chinese Government announced its Made in China 2025 roadmap to turn China into a global manufacturing powerhouse, and based on this policy the government launched the Intelligent Manufacturing Special Project of Year 2015 as a practical project. Mitsubishi Electric Group responded in 2017 by building its Smart Manufacturing Comprehensive Test Platform based on the company's e-F@ctory concept. The Smart Manufacturing Comprehensive Test Platform is designed to support standardized intelligent manufacturing under the ITEI-promoted Special Project. Government officials and Chinese customers have been visiting and studying the platform.