Stockwinners Market Radar for September 09, 2018 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

CBS...

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19:56 EDT CBS/NAI announce resolution of governance disputes, Leslie Moonves stepping down - CBS (CBS) announced a settlement agreement with National Amusements, members of the CBS Board of Directors, and related parties. Under the terms of the settlement, which have been approved by the Boards of Directors of CBS and NAI, the parties agreed to dismiss their pending litigation in Delaware. The full Board of CBS has unanimously rescinded the previously announced Class A share dividend, and NAI has amended the Bylaws to undo the previous amendments that it adopted following filing of the Delaware litigation. Concurrently with the settlement, Leslie Moonves will depart as Chairman, President and Chief Executive Officer effective immediately. Chief Operating Officer Joseph Ianniello will serve as President and Acting CEO while the Board conducts a search for a permanent successor. The Chairman position will remain open pending the appointment of a permanent CEO. Moonves and CBS will donate $20M to one or more organizations that support the #MeToo movement and equality for women in the workplace. The donation, which will be made immediately, has been deducted from any severance benefits that may be due Moonves following the Board's ongoing independent investigation led by Covington & Burling and Debevoise & Plimpton. Moonves will not receive any severance benefits at this time; any payments to be made in the future will depend upon the results of the independent investigation and subsequent Board evaluation. In keeping with CBS' and NAI's commitment to Board independence, five current independent directors and one NAI-affiliated director have stepped down from the Board, and six new independent directors have been elected to the Board. The ongoing members of the Nominating and Governance Committee have endorsed the new independent directors. The new Board will be comprised of 11 independent directors and 2 NAI-affiliated directors. In addition, NAI confirmed that it has no plans to propose a merger of CBS and Viacom (VIAB) and has agreed that it will make no such proposal for at least two years after the date of the settlement. NAI reaffirmed that it will give good faith consideration to any business combination transaction or other strategic alternative that the independent directors believe are in the best interests of the company and its stockholders.
CBS...

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19:29 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. CBS' (CBS) board of directors is near completion of a settlement that would end its litigation with its controlling shareholder National Amusements and sever ties with long time CEO Leslie Moonves, according to CNBC, citing people familiar with the matter. The talks are described as fluid, but the parties hope to complete a settlement prior to the start of trading on Monday morning, the publication added. Meanwhile, The New Reporter said that six more women have accused CBS's Moonves of sexual harassment and assault. 2. Over the weekend, President Donald Trump told Apple (AAPL) to make its products in the U.S. if the company wants to avoid China tariffs. In a tweet, the President said: "Apple prices may increase because of the massive Tariffs we may be imposing on China - but there is an easy solution where there would be ZERO tax, and indeed a tax incentive. Make your products in the United States instead of China. Start building new plants now. Exciting! #MAGA." In a separate tweet, Trump added: "Ford [F] has abruptly killed a plan to sell a Chinese-made small vehicle in the U.S. because of the prospect of higher U.S. Tariffs." CNBC. This is just the beginning. This car can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!" 3. Viacom's (VIAB) chief Robert Bakish is working to put television assets to better use in the era of streaming, reverse a years-long string of movie-making flops, and win a higher value for the company's depressed shares, Jack Hough wrote in this week's edition of Barron's. Bakish's moves are worth watching, he contended, adding that if CBS Leslie Moonves is out and there remains a chance that the two companies will recombine, Bakish might end up running the whole shebang. Regardless, the more immediate reason to give Viacom a look is the potential upside in its shares, the publication noted. 4. AT&T (T) subsidiary Warner Bros' "The Nun" kicked off the fall box office with $53.5M from 3,876 theaters to score the second-biggest September debut of all time in North America, not adjusted for inflation. The spinoff also delivered big numbers overseas, earning $77.5M from 60 markets for a global start of $131M. "The Nun" earned a C CinemaScore and sports a 28% Rotten Tomatoes score. 5. Camping World (CWH) and Box (BOX) saw positive mentions in Barron's.
T...

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17:16 EDT Box Office Battle: 'The Nun' opens to $53.5M in U.S. - AT&T (T) subsidiary Warner Bros' "The Nun" kicked off the fall box office with $53.5M from 3,876 theaters to score the second-biggest September debut of all time in North America, not adjusted for inflation. The spinoff also delivered big numbers overseas, earning $77.5M from 60 markets for a global start of $131M. "The Nun" earned a C CinemaScore and sports a 28% Rotten Tomatoes score. BOX OFFICE RUNNERS-UP: "Crazy Rich Asians," another Warner Bros. movie, fell to number two in its fourth weekend, grossing another $13.6M and pushing its domestic total to $136.2M. Behind it was STXfilms' "Peppermint," ending its debut weekend with $13.3M from 2,980 locations. Warner Bros' "The Meg" placed number four, with a little over $6M from 3,511 theaters. Rounding out the top five, Sony (SNE) subsidiary Screen Gems' "Searching" grossed an estimated $4.5M in its second weekend. Other publicly traded companies in filmmaking include 21st Century Fox (FOXA), Lionsgate's (LGF.A), Comcast (CMCSA; CMCSK), Viacom (VIAB) and Disney's (DIS).
SBLK

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16:30 EDT Star Bulk Carriers to equip fleet with exhaust gas cleaning systems - Star Bulk Carriers announced that it intends to equip its entire fleet with Exhaust Gas Cleaning Systems before the January 1, 2020 implementation date of the new IMO sulfur emission cap regulation. Star Bulk expects average cost, including installation, to be below $2M per vessel. The company has secured debt financing with an average margin of below 3.0% to cover up to approximately 70% of such cost and expects the remaining amount to be covered from operating cash flow and cash on hand, without raising equity for this purpose. The company has also secured contracts with leading shipyards for the installation of such systems, while in approximately 35% of the installations, riding teams are being deployed to carry out the retrofitting works onboard the vessels while at sea, reducing off hire time, as a result of those installations, by 50%-60%. A month ago, Star Bulk successfully completed the first scrubber installation at sea.
F

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12:39 EDT Trump says Ford dropping plan to sell Chinese-made car is 'just the beginning' - In a tweet, Preside Donald Trump said: "Ford has abruptly killed a plan to sell a Chinese-made small vehicle in the U.S. because of the prospect of higher U.S. Tariffs." CNBC. This is just the beginning. This car can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!" Reference Link
AAPL

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12:35 EDT President Trump tells Apple to make products in U.S. to avoid tariffs - In a tweet, President Donald Trump said: "Apple prices may increase because of the massive Tariffs we may be imposing on China - but there is an easy solution where there would be ZERO tax, and indeed a tax incentive. Make your products in the United States instead of China. Start building new plants now. Exciting! #MAGA" Reference Link
NXPI

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12:31 EDT Kurt Sievers named president of NXP Semiconductors - NXP Semiconductors announced changes to the senior leadership team designed to better align with the company's renewed focus and growth strategy. Effective immediately, Kurt Sievers, executive vice president and general manager of NXP's automotive business, has been promoted to president of NXP Semiconductors. Under the new structure, Kurt Sievers will oversee all of NXP's business lines. Ruediger Stroh has decided to pursue his next chapter outside the company, effective September 30, 2018, after a successful nine-year career during which he served as executive vice-president and general manager of NXP's security and connectivity business. Jennifer Wuamett, deputy general counsel and chief IP officer, will succeed Guido Dierick as executive vice president and general counsel of NXP Semiconductors, effective immediately. Guido Dierick retires as general counsel but remains country manager of NXP Semiconductors Netherlands. Guido Dierick retires from his general counsel position after an exceptional 36-year career in the electronics industry.