Stockwinners Market Radar for February 01, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ADP | Hot Stocks18:41 EDT ADP CEO: 'Q2 was best quarter in years from EPS, growth, margin standpoint' - In an interview on CNBC's Mad Money, ADP CEO Carlos Rodriguez said: "Q2 was the best quarter in years from an EPS, growth, and margin standpoint... We have been seeing steady growth in wages and employment... Even with changes in regulations, it's difficult as an employer of any size."
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KMF | Hot Stocks18:22 EDT Kayne Anderson Midstream/Energy Fund reports net assets $640M as of January 31 - As of January 31, the Fund's net assets were $640M and its net asset value per share was $13.09. As of January 31, the Fund's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 433% and the Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 321%.
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KYN | Hot Stocks18:21 EDT Kayne Anderson MLP reports net assets $2.1B as of January 31 - As of January 31, the company's net assets were $2.1B, and its net asset value per share was $16.88. As of January 31, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 408% and the company's asset coverage ratio under the 1940 Act with respect to total leverage was 292%.
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HON UTX | Hot Stocks18:15 EDT ATEC says 'disappointed' U.S. Army did not select dual-spool T900 for ITEP - The Advanced Turbine Engine Company, a joint venture between Honeywell (HON) and Pratt & Whitney, a division of United Technologies (UTX), was notified by the U.S. Army that it was not selected for the Engineering and Manufacturing Development phase of the Improved Turbine Engine Program. "We were disappointed to learn that the U.S. Army did not select our offering, the dual-spool T900," said Craig Madden, president of ATEC. "We believe that we offered the most advanced, capable and lowest risk engine for ITEP for the Army to improve the overall performance of its Apache and Black Hawk fleets."
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EOLS | Hot Stocks18:07 EDT Evolus up 6.3% to $19.49 after FDA approves Jeuveau
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OFIX | Hot Stocks18:01 EDT Orthofix acquires Options Medical, terms not disclosed - Orthofix Medical announced that it has acquired the business of Options Medical, a medical device distributor based in Florida. Under the terms of the agreement, employees of Options Medical became employees of Orthofix effective February 1.
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GS | Hot Stocks18:00 EDT Goldman Sachs says 1MDB scandal could affect pay for Blankfein, Solomon - In a regulatory filing, Goldman Sachs announced that the Compensation Committee of the firm's Board of Directors has determined total annual compensation for 2018 for David M. Solomon and Lloyd C. Blankfein. In light of the ongoing governmental and regulatory investigations relating to 1Malaysia Development Berhad, the board also approved a new forfeiture provision that was included in the terms and conditions of the 2018 year-end equity-based awards granted to each of the employees serving as the firm's Senior Executives as of December 31, 2018. This provision will provide the Committee with the flexibility to reduce the size of the award prior to payment and/or forfeit the underlying transfer-restricted shares if it is later determined that the results of the 1MDB proceedings would have impacted the Committee's 2018 year-end compensation decisions for any of these individuals.
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GLD | Hot Stocks17:53 EDT SPDR Gold Shares holdings fall to 817.40MT from 823.87MT - This is the first decline in holdings since January 10th.
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GS | Hot Stocks17:39 EDT Goldman Sachs says 1MDB scandal could affect pay for Blankfein, Solomon
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AMCN | Hot Stocks17:35 EDT AirMedia gives update on CEO Herman Man Guo's share purchase plan - AirMedia Group announced that its chairman, CEO, and CFO Herman Man Guo had continuously proceeded with his share purchase plan, which was previous announced by the company on March 28, 2018 and updated on September 28, 2018. As of January 30, 2019, Guo had purchased an aggregate of 1.72M American depositary shares, or ADSs, over the period of December 7, 2018 to January 30, 2019 at an average purchase price of approximately 35c per ADS. Due to the restrictions on insider trading starts on January 31, 2019, Mr. Guo will temporarily stop his repurchase from January 31, 2019 until 48 hours after the company files its 2018 Form-20F.
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EOLS | Hot Stocks17:30 EDT Evolus trading resumes
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GE | Hot Stocks17:28 EDT General Electric awarded $517.38M Army contract for turbine engine program - General Electric has been awarded a $517.38M cost-plus-incentive-fee and firm-fixed-price contract for the engineering and manufacturing development phase of the improved turbine engine program. Two bids were solicited via the internet with two bids received. Work will be performed in Lynn, Massachusetts, with an estimated completion date of August 1, 2024. FY19 research, development, test and evaluation funds in the amount of $130M were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.
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STAF | Hot Stocks17:24 EDT Bigger Capital Fund reports 6.78% passive stake in Staffing 360 Solutions - In a regulatory filing, Bigger Capital Fund disclosed a 6.78% stake in Staffing 360 Solutions, which represents 387,500 shares. The filing does not allow for activism.
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CNP | Hot Stocks17:16 EDT CenterPoint Energy to voluntarily delist outstanding VUHI notes from NYSE - CenterPoint Energy, Inc. announced that Vectren Utility Holdings, Inc., a wholly owned subsidiary of CenterPoint Energy, has notified the New York Stock Exchange of its intention to voluntarily delist VUHI's 6.10% Senior Notes due December 1, 2035 from the NYSE. VUHI also intends to terminate the registration of the Notes and the related guarantees, and the reporting obligations of VUHI with respect to the Notes and guarantees, under the Securities Exchange Act of 1934, as amended. VUHI plans to file a Notification of Removal from Listing on Form 25 with the Securities and Exchange Commission on or about February 11, 2019, and the listing of the Notes on the NYSE will terminate 10 days after the Form 25 is filed.
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BKH | Hot Stocks17:13 EDT Black Hills files consolidated rate review proposal in Colorado - Black Hills Corp. announced that its natural gas utility Black Hills Colorado Gas, doing business as Black Hills Energy, filed a rate review proposal with the Colorado Public Utilities Commission to consolidate the rates, tariffs and services of its two legacy gas utilities in Colorado. The rate review also requests $2.5M in new revenue to recover investments in safety, reliability and system integrity for natural gas service to its 187,000 Colorado customers.
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BKH | Hot Stocks17:13 EDT Black Hills files consolidated rate review proposal in Colorado - Black Hills Corp. announced that its natural gas utility Black Hills Colorado Gas, doing business as Black Hills Energy, filed a rate review proposal with the Colorado Public Utilities Commission to consolidate the rates, tariffs and services of its two legacy gas utilities in Colorado. The rate review also requests $2.5M in new revenue to recover investments in safety, reliability and system integrity for natural gas service to its 187,000 Colorado customers.
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THC | Hot Stocks17:00 EDT Davidson Kempner takes 5.02% passive stake in Tenet - Davidson Kempner Partners disclosed a 5.02% passive stake in Tenet. The stake represents over 5.1M shares. The filing with the SEC does not allow for activism.
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EOLS | Hot Stocks16:59 EDT Evolus receives FDA approval for Jeuveau - Evolus announced that the U.S. FDA has approved its lead product, Jeuveau, for the temporary improvement in the appearance of moderate to severe glabellar lines associated with corrugator and/or procerus muscle activity in adults. Jeuveau is expected to be available throughout the United States at physician offices starting in Spring 2019.
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NR | Hot Stocks16:49 EDT Victory Capital takes 6.93% passive stake Newpark Resources - Victory Capital disclosed a 6.93% passive stake in Newpark Resources. The stake represents just under 6.3M shares. The filing with the SEC does not allow for activism.
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COUP | Hot Stocks16:45 EDT Whale Rock Capital takes 5.72% passive stake in Coupa Software - Whale Rock Capital disclosed a 5.72% passive stake in Coupa Software. The stake represents over 3.4M shares. The filing with the SEC does not allow for activism.
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SSP | Hot Stocks16:43 EDT Victory Capital takes 6.49% passive stake in E.W. Scripps - Victory Capital disclosed a 6.49% passive stake in E.W. Scripps. The stake represents over 4.4M shares. The filing with the SEC does not allow for activism.
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NUAN | Hot Stocks16:43 EDT Victory Capital reports 5.48% passive stake in Nuance - In a regulatory filing, Victory Capital disclosed a 5.48% passive stake in Nuance Communications, which represents about 15.76M shares. The filing does not allow for activism.
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HNGR | Hot Stocks16:41 EDT Victory Capital takes 8.78% passive stake in Hanger - Victory Capital disclosed a 8.78% passive stake in Hanger. The stake represents over 3.2M shares. The filing with the SEC does not allow for activism.
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HLX | Hot Stocks16:40 EDT Victory Capital takes 5.19% passive stake in Helix Energy - Victory Capital disclosed a 5.19% passive stake in AngioDynamics. The stake represents over 2.1M shares. The filing with the SEC does not allow for activism.
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HMN | Hot Stocks16:39 EDT Victory Capital reports 5.19% passive stake in Horace Mann - In a regulatory filing, Victory Capital disclosed a 5.19% stake in Horace Mann, which represents about 2.125M shares. The filing does not allow for activism.
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PFGC | Hot Stocks16:34 EDT Performance Food Group names George Holm chairman of the board - Performance Food Group Company announced that its President & Chief Executive Officer George L. Holm, was appointed Chairman of PFG's Board of Directors, effective on January 31, 2019. Holm succeeds Douglas M. Steenland, who resigned from his position as Chairman of the Board and as a member of the Board on January 30, 2019. Steenland had been Chairman of the Board since 2010. In connection with Mr. Steenland's resignation, the Board also appointed current director Manuel A. Fernandez to serve as Lead Independent Director of the Board. Holm will continue to serve as PFG's President & CEO, a role he has served in since May 2008. Over that period, PFG's net sales have grown from approximately $10 billion in fiscal 2009 to approximately $17.6 billion in fiscal 2018.
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PCG | Hot Stocks16:34 EDT PG&E receives Court approval of 'first day' motions to support normal operations - PG&E Corporation and its primary operating subsidiary, Pacific Gas and Electric Company, announced that they have received interim approvals from the U.S. Bankruptcy Court for the Northern District of California for the "First Day" motions related to the voluntary Chapter 11 reorganization cases they initiated on January 29, 2019. Among other things, the approved motions provide PG&E with: Access to financing to support its operations and ongoing safety initiatives, as well as its critical investments in system safety and maintenance; The authority to continue existing customer programs, including low income support, energy efficiency and other programs supporting customer adoption of clean energy, and; The ability to continue paying employee wages and providing healthcare and other benefits. John Simon, PG&E Corporation Interim CEO, said, "The Court's approval of these motions is a positive step forward that will enable PG&E to continue providing safe and reliable natural gas and electric service to our millions of customers. In addition, with access to new financing, we have the necessary capital to continue investing in system safety and ensure essential maintenance as we move through this process. We intend to work together with our customers, employees and other stakeholders to create a more sustainable foundation for the delivery of safe, reliable and affordable service in the years ahead - this is our goal. For all 24,000 of us at PG&E, safety will remain our most important responsibility." At the hearing, the Court granted PG&E interim approval to access up to $1.5B of its $5.5B in debtor-in-possession financing, which will be available to ensure essential maintenance and continued investments in safety and reliability. PG&E will pay suppliers in full under normal terms for goods and services provided after the filing date of January 29.
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ALKS | Hot Stocks16:29 EDT Alkermes briefly falls, rebounds after announcing CRL for ALKS 5461 - After the market close on February 1, Alkermes (ALKS) announced it received a Complete Response Letter, or CRL, from the FDA regarding its New Drug Application, or NDA, for ALKS 5461 for the adjunctive treatment of major depressive disorder, or MDD. FDA COMPLETE RESPONSE LETTER: The CRL stated that the FDA was unable to approve the ALKS 5461 NDA in its present form, and was requesting additional clinical data to provide substantial evidence of effectiveness of ALKS 5461 for the adjunctive treatment of MDD. Alkermes said it plans to meet with the FDA to discuss the contents of the CRL and potential next steps for ALKS 5461. This interaction with the FDA will inform whether there is a viable path forward for the ALKS 5461 program. The NDA submission for ALKS 5461 was based on results from a clinical efficacy and safety package with data from more than 30 clinical trials and more than 1,500 patients with MDD. ALKS 5461: ALKS 5461 is a proprietary, investigational, once-daily oral medicine that acts as an opioid system modulator and represents a novel mechanism of action for the adjunctive treatment of MDD, in patients with an inadequate response to standard antidepressant therapies. An estimated 16.2M people in the U.S. suffered from MDD in 2016, the majority of whom may not adequately respond to initial antidepressant therapy. CRL EXPECTED BY ALKERMES CEO: On January 8, Alkermes CEO Richard Pops, during a breakout session at the JPMorgan Healthcare Conference, said his company expected the FDA to issue a Complete Response Letter for its depression candidate ALKS 5461. PRICE ACTION: After initially falling 10% in reaction to the news after-hours, shares of Alkermes are little changed, down 0.2% to $33.08.
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BCOV | Hot Stocks16:27 EDT Tenzing Global reports 5.6% stake in Brightcove, may seek talks - In a regulatory filing, Tenzing Global disclosed a 5.6% stake in Brightcove and said that it may engage in communications with one or more stockholders of the company, one or more officers of the company and/or one or more members of the board of directors of the companyand/or one or more representatives. Tenzing said it may discuss ideas that, if effected may result in a change in any of the following: the acquisition by persons of additional Common Stock of Brightcove, an extraordinary corporate transaction involving the company, and/or other changes in the board of directors or management of the company.
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ABG | Hot Stocks16:26 EDT Victory Capital takes 6.64% passive stake in Asbury Automotive - Victory Capital disclosed a 6.64% passive stake in Asbury Automotive. The stake represents over 1.3M shares. The filing with the SEC does not allow for activism.
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CRI | Hot Stocks16:21 EDT Victory Capital takes 5.79% passive stake in Carter's - Victory Capital disclosed a 5.79% passive stake in Carter's. The stake represents over 2.6M shares. The filing with the SEC does not allow for activism.
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AN | Hot Stocks16:19 EDT Victory Capital takes 5.91% passive stake in AutoNation - Victory Capital disclosed a 5.91% passive stake in AutoNation. The stake represents over 5.3M shares. The filing with the SEC does not allow for activism.
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ANGO | Hot Stocks16:17 EDT Victory Capital takes 5.23% passive stake in AngioDynamics - Victory Capital disclosed a 5.23% passive stake in AngioDynamics. The stake represents over 1.9M shares. The filing with the SEC does not allow for activism.
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SSI | Hot Stocks16:15 EDT Stage Stores receives noncompliance notice from NYSE - Stage Stores announced that it received notification from the New York Stock Exchange on January 28, 2019 that the company is no longer in compliance with the NYSE continued listing criteria that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period. The NYSE notification does not affect Stage Store's business operations or its Securities and Exchange Commission reporting requirements, nor does it conflict with or cause an event of default under the company's credit facility.
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AMSF | Hot Stocks16:14 EDT Victory Capital reports 5.32% passive stake in Amerisafe - In a regulatory filing, Victory Capital disclosed a 5.32% stake in Amerisafe, which represents roughly 1.025M shares. The filing does not allow for activism.
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ALG | Hot Stocks16:13 EDT Victory Capital reports 6.56% passive stake in Alamo Group - In a regulatory filing, Victory Capital disclosed a 6.56% stake in Alamo Group, which represents 770,000 shares. The filing does not allow for activism.
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NI | Hot Stocks16:10 EDT NiSource raises quarterly dividend to 20c from 19.5c per share - The dividend is payable Feb. 20, 2019 to shareholders of record as of Feb. 11, 2019.
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KNDI | Hot Stocks16:09 EDT Kandi Technologies CFO Mei Bing resigns to pursue other opportunities - Kandi Technologies Group announced that Mr. Mei Bing, resigned from the Chief Financial Officer position for his personal reasons, to pursue other opportunities effective January 29, 2019. The board of directors approved his resignation. Mr. Mei's resignation is not the result of any dispute or disagreement with the company. The board has appointed Ms. Zhu Xiaoying as interim Chief Financial Officer, effective January 29, 2019. Additionally, the board has appointed Ms. Wang Yuanyao as Vice President of Finance, effective February 1, 2019.
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ALKS | Hot Stocks16:06 EDT Alkermes drops 10% to $29.77 after announcing CRL for ALKS 5461
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KEQU | Hot Stocks16:03 EDT Kewaunee Scientific names David S. Rhind chairman of the board - Kewaunee Scientific Corporation announced that David S. Rhind has been appointed chairman of the board of directors of the company. Rhind succeeds William A. Shumaker who served as chairman of the board since 2013 and who resigned effective January 31, 2019. Rhind has served as a director for the company since 2008 and as chairman of the Nominating and Corporate Governance Committee since June 2011.
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ALKS | Hot Stocks16:01 EDT Alkermes receives CRL from FDA for ALKS 5461 New Drug Application - Alkermes announced that it received a Complete Response Letter from the U.S. Food and Drug Administration regarding its New Drug Application for ALKS 5461 for the adjunctive treatment of major depressive disorder. The CRL states that the FDA is unable to approve the ALKS 5461 NDA in its present form and is requesting additional clinical data to provide substantial evidence of effectiveness of ALKS 5461 for the adjunctive treatment of MDD. Alkermes plans to meet with the FDA to discuss the contents of the CRL and potential next steps for ALKS 5461. This interaction with the Agency will inform whether there is a viable path forward for the ALKS 5461 program. The NDA submission for ALKS 5461 was based on results from a clinical efficacy and safety package with data from more than 30 clinical trials and more than 1,500 patients with MDD. Throughout the clinical development program, ALKS 5461 demonstrated a consistent profile of antidepressant activity, safety and tolerability in the adjunctive treatment of MDD.
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NNBR | Hot Stocks16:01 EDT NN, Inc CFO Thomas Burwell to step down - NN, Inc announced that Chief Financial Officer Thomas C Burwell will be departing from the company. Mr. Burwell has agreed to remain in his current role and assist with an orderly transition while a search for a replacement is conducted. NN will focus on external candidates to fill the role.
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PLAN | Hot Stocks15:58 EDT Anaplan appoints Ana Pinczuk as Chief Transformation Officer - Anaplan announced the appointment of Ana Pinczuk as senior VP and Chief Transformation Officer, effective February 1. Prior to coming to Anaplan, Pinczuk was President and General Manager for HPE Pointnext, HPE's $7B+ services business.
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WRD | Hot Stocks15:57 EDT WildHorse Resource trading resumes
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VVC | Hot Stocks15:57 EDT Vectren trading resumes
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SEND | Hot Stocks15:57 EDT SendGrid trading resumes
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P | Hot Stocks15:57 EDT Pandora trading resumes
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USCR | Hot Stocks15:55 EDT U.S. Concrete shares up over 4% in late afternoon trading - Shares of U.S. Concrete are trading 4.1% higher to $37.06 in late afternoon trading, after reports that President Trump will address infrastructure in his State of the Union address on Tuesday.
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GNPX | Hot Stocks15:53 EDT Bay Capital Management takes 7.04% passive stake in Genprex - Bay Capital Management disclosed a7.04% passive stake in Genprex. The stake represents over 1.1M shares. The filing with the SEC does not allow for activism.
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EOLS | Hot Stocks15:44 EDT Evolus trading halted, news pending
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ZION | Hot Stocks15:37 EDT Zions Bancorp announces $275M stock buyback - Zions Bancorporation board approved a plan to purchase up to $275 million of common shares during the first quarter of 2019. Customarily the board considers capital actions on a quarterly basis; additional capital actions will be considered in future periods. Zions will continue to utilize stress testing as its primary mechanism to inform its decisions on the appropriate level of capital, based upon actual and reasonably probable stressed economic conditions.
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EKSO BA | Hot Stocks15:15 EDT Ekso Bionics jumps after Reuters report highlights Boeing use of exoskeletons - Boeing (BA) is equipping mechanics with exoskeletons to increase their strength and speed and help reduce fatigue on repetitive tasks, according to a Reuters report from Eric Johnson and Tim Hepher. In a photo of employee Rob Gross, who "gets a boost from a gas-powered exoskeleton Boeing is using to boost productivity and safety," an Ekso logo can be seen. Shares of small cap Ekso Bionics (EKSO) have jumped 17c, or 10%, to $1.91 in afternoon trading following the circulation of Reuters' report. Reference Link
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DDAIF | Hot Stocks14:49 EDT Mercedes-Benz USA reports January sales down 11.1% to 22,507 units - Mercedes-Benz USA reported January sales of 22,507 Mercedes-Benz models. Mercedes-Benz Vans reported January sales with 1,214 units and smart reported 83 units, bringing MBUSA to a grand total of 23,804 vehicles for the month, which is down 13.8% from last year. "Our January performance was affected by a number of factors including extreme weather in key markets," said Dietmar Exler, president and CEO of MBUSA. "We anticipate a strong rebound with the arrival of several new models this year including the all new A-Class sedan and GLE."
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VICL | Hot Stocks14:44 EDT BVF Partners reports 9.99% stake in Vical, holding talks about alternatives - Biotechnology Value Fund Partners disclosed a 9.99% stake in Vical, stating in a regulatory filing that they believe that Vical "remains undervalued and that additional value could be realized through pursuing a variety of strategic alternatives and pathways." To that end, BVF have spoken with members of management from the company "for the purpose of proposing and helping to evaluate such strategic alternatives." BVF intend to continue to engage in discussions with the company's management team and may engage in discussions with the Board of Directors, other stockholders of the company and other interested parties, the filing added.
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CINF | Hot Stocks14:41 EDT Cincinnati Financial increases quarterly dividend - Cincinnati Financial Corporation announced that the board declared a 56c per share regular quarterly cash dividend, increasing from the previous 53c per share dividend paid on January 15. The dividend is payable April 15 to shareholders of record as of March 20.
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PFIS | Hot Stocks13:34 EDT Peoples Financial announces common stock repurchase plan - Peoples Financial Services Corp., the bank holding company for Peoples Security Bank and Trust Company, announced that its board has authorized a stock repurchase plan providing for the purchase of up to 225,000 shares of its outstanding common stock. As of the date of this release, Peoples has approximately 7.4M shares of common stock outstanding.
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BLK | Hot Stocks13:13 EDT BlackRock Real Assets sells operating portfolio of Canadian solar plants - BlackRock Real Assets has reached an agreement with Ullico on the sale of a portfolio of four operating solar projects in Ontario, Canada. BlackRock acquired, financed and oversaw construction of the Portfolio over an 18 month period.
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LUB | Hot Stocks13:04 EDT Bandera Partners issues statement on 'inadvertent error' at Luby's election - Bandera Partners, a significant stockholder of Luby's, issued the following statement: "At the Luby's Annual Meeting of Stockholders held on January 25, 2019, an agent of Bandera Partners submitted a Master Ballot to the Inspector of Elections that contained an inadvertent error that was not discovered by Bandera or its advisors. After the results of the election were certified on January 30, 2019, Bandera Partners became aware of the error that led to its proxies not being voted in favor of five of Luby's nominees, as intended and planned. To the extent Luby's lawyers were aware of the error, they chose not to inform us of our mistake. Once Bandera became aware of the error, we offered to work with Luby's after certification to have our proxies voted in favor of those management nominees for whom we always intended to vote. Bandera Partners' offer to try to fix this mistake has not been accepted by the Company. We are immensely grateful to our fellow Luby's stockholders who supported us with their proxies, and we want them to understand what happened, and hear this clarification. Bandera apologizes to Luby's five nominees, and especially Joe McKinney, who should have surpassed the 50% threshold for election with our support."
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BHGE | Hot Stocks13:03 EDT Baker Hughes reports U.S. rig count down 14 to 1,045 rigs - Baker Hughes reports that the U.S. rig count is down 14 rigs from last week to 1,045 rigs, with oil rigs down 15 to 847 and gas rigs up 1 to 198. The U.S. Rig Count is up 99 rigs from last year's count of 946, with oil rigs up 82 and gas rigs up 17. The U.S. Offshore Rig Count is down 1 rig to 19 and up 3 rigs year-over-year. The Canada Rig Count is up 11 rigs from last week to 243, with oil rigs up 13 to 159 and gas rigs down 2 to 84. The Canada Rig Count is down 99 rigs from last year's count of 342, with oil rigs down 75 and gas rigs down 24.
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BHGE | Hot Stocks13:03 EDT Baker Hughes reports U.S. rig count down 14 to 1,045 rigs - Baker Hughes reports that the U.S. rig count is down 14 rigs from last week to 1,045 rigs, with oil rigs down 15 to 847 and gas rigs up 1 to 198. The U.S. Rig Count is up 99 rigs from last year's count of 946, with oil rigs up 82 and gas rigs up 17. The U.S. Offshore Rig Count is down 1 rig to 19 and up 3 rigs year-over-year. The Canada Rig Count is up 11 rigs from last week to 243, with oil rigs up 13 to 159 and gas rigs down 2 to 84. The Canada Rig Count is down 99 rigs from last year's count of 342, with oil rigs down 75 and gas rigs down 24.
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TYEKF | Hot Stocks12:30 EDT Thyssenkrupp names Martina Merz chairwoman - Following the Annual General Meeting, the Supervisory Board of thyssenkrupp AG elected unanimously today Martina Merz as new Chairwoman of the Supervisory Board. Merz takes over the chair from Prof. Dr. Bernhard Pellens, who assumed the position after the resignation of Prof. Dr. Ulrich Lehner and will now once again focus on his role as Chairman of the Audit Committee. Martina Merz has decades of management experience in industry, including as a member of the board of the Chassis System Brakes division of automotive component supplier Bosch.
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IBKR | Hot Stocks12:19 EDT Interactive Brokers reports January DARTs down 6% y/y - Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for January. Brokerage highlights for the month included: 851,000 Daily Average Revenue Trades, 6% lower than prior year and 11% lower than prior month. Ending client equity of $139.2B, 4% higher than prior year and 8% higher than prior month. Ending client margin loan balances of $23.8B, 21% lower than prior year and 12% lower than prior month. Ending client credit balances of $51B, including $1.8B in insured bank deposit sweeps1, 5% higher than prior year and 3% higher than prior month. 607,000 client accounts, 22% higher than prior year and 1% higher than prior month. 320 annualized average cleared DARTs per client account. Average commission per cleared client order of $3.57 including exchange, clearing and regulatory fees.
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AIR | Hot Stocks12:12 EDT Airinmar signs warranty support agreement with European low-cost carrier - AAR subsidiary Airinmar has signed an agreement with one of the leading low-cost carriers in Europe to augment its warranty management capability. Airinmar will operate as an extension of the airline's warranty team to identify, record and claim heavy/line maintenance warranty entitlements; lend expertise to assess service bulletins for additional warranty, when applicable; and maximize warranty recovery, including free of charge material and labour credits. In collaboration with the airline, warranty and guarantee entitlements associated with aircraft engines will be recovered, and projects will be run to analyse expendable equipment usage, review subcontract maintenance events and implement quarantines.
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TD | Hot Stocks12:04 EDT TD Bank announces organizational changes to U.S. Consumer Products unit - TD Bank announced organizational changes to its U.S. Consumer Product team as it unites U.S. Bankcard, Retail Card Services, U.S. Partnerships and Personal Lending into one portfolio under Matt Boss, now Head of U.S. Credit Cards and Unsecured Lending. This decision reflects the bank's momentum in the consumer lending space as it continues to grow its portfolio of customized offerings. With this new alignment, Mike Kinane, who previously headed up TD's home equity lending business as Senior Vice President, Head of Home Equity and Personal Lending, has been appointed to Head of U.S. Bankcard. Kinane will oversee the bank's TD-branded credit card portfolio, a business that started at TD Bank under his leadership in 2012. Kinane brings deep expertise in the consumer credit space, having held a variety of leadership roles across consumer lending business during his tenure at TD.
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DQ | Hot Stocks12:00 EDT Daqo New Energy falls -11.5% - Daqo New Energy is down -11.5%, or -$4.61 to $35.45.
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CLS | Hot Stocks12:00 EDT Celestica falls -16.3% - Celestica is down -16.3%, or -$1.62 to $8.31.
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VEDL | Hot Stocks12:00 EDT Vedanta falls -17.3% - Vedanta is down -17.3%, or -$1.94 to $9.23.
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YUMC | Hot Stocks12:00 EDT Yum China rises 10.2% - Yum China is up 10.2%, or $3.70 to $40.15.
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DECK | Hot Stocks12:00 EDT Deckers Brands rises 12.7% - Deckers Brands is up 12.7%, or $16.37 to $144.82.
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BE | Hot Stocks12:00 EDT Bloom Energy rises 13.9% - Bloom Energy is up 13.9%, or $1.31 to $10.76.
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CVX | Hot Stocks11:55 EDT Chevron CEO says he is aware of Deepwater risks - The company is taking a balanced approach to its investments in the Gulf.
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CVX | Hot Stocks11:43 EDT Chevron CEO says increase in share repurchases show 'confidence'
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CVX | Hot Stocks11:43 EDT Chevron approves $25B stock repurchase program - Chevron disclosed in a regulatory filing that on January 30, the board authorized a new stock repurchase program with a maximum dollar limit of $25B and no set term limits, replacing the July 2010 authorization.
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NSANY | Hot Stocks11:25 EDT Nissan reports January U.S. sales down 18.5% to 100,741 units - Nissan Group announced total U.S. sales for January of 100,741 units, a decrease of 18.5% compared to the prior year. Nissan Division sales declined 19.9% to 90,439 units while Infiniti division sales decreased 3.1% to 10,302 units.
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CENT | Hot Stocks11:25 EDT Managed Account Advisors reports 5.57% passive stake in Central Garden & Pet - In a regulatory filing, Managed Account Advisors disclosed a 5.57% stake in Central Garden & Pet, which represents about 677,000 shares. The filing does not allow for activism.
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CVX | Hot Stocks11:19 EDT Chevron expecting to sell Danish assets during first half of FY19 - Chevron will sell assets in UK, Azerbaijan, and Brazil.
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CVX | Hot Stocks11:08 EDT Chevron sees FY19 headwinds $2M-$3M if prices remain the same - Guidance provided during Q4 earnings conference call.
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TM | Hot Stocks11:01 EDT Toyota reports January U.S. sales down 6.6% to 156,021 vehicles - Toyota Motor North America reported January 2019 sales of 156,021 vehicles, a decrease of 6.6% from January 2018 on a volume basis. With the same number of selling days year over year, sales were down 6.6% on a daily selling rate basis.
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HMC | Hot Stocks10:44 EDT Honda reports January U.S. sales up 1.5% to 106,139 vehicles - "Our Honda and Acura dealers delivered a strong January and have put us on course for a fast start in 2019, despite extreme weather conditions throughout much of the country during the last week of the month," said Henio Arcangeli Jr., senior vice president of the American Honda Automobile Division. "While solid sales of our light-truck offerings continue, our balanced results across other segments of our business further showcase real consumer demand beyond trucks and SUVs."
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TRMD | Hot Stocks10:41 EDT TORM PLC (Class A Stock) trading resumes
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TRMD | Hot Stocks10:31 EDT TORM PLC (Class A Stock) trading halted, volatility trading pause
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RDY | Hot Stocks10:18 EDT Dr. Reddy's names Marc Kikuchi to lead generics business in North America - Dr. Reddy's Laboratories announced the appointment of Marc Kikuchi as CEO, North America Generics. As part of the Dr. Reddy's senior leadership team, he will be responsible for the company's North America Generics business and will be based in Princeton office, U.S.
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HEI | Hot Stocks10:01 EDT Heico unit acquires 85% of the stock of Solid Sealing Technology in cash - HEICO announced that its Electronic Technologies Group acquired 85% of the stock of Solid Sealing Technology in an all cash transaction. HEICO stated that it expects the acquisition to be accretive to its earnings within the year following the purchase. Further financial terms and details were not disclosed. SST's two co-founders, Gary Balfour and Alan Fuierer, will retain 15% ownership of SST. Mr. Fuierer will assume the role of SST's President from Balfour, who will remain with SST in a senior advisory and shareholder role. SST will continue to operate in its current location, and no staff turnover is expected.
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CURO | Hot Stocks10:00 EDT Curo Group rises 8.1% - Curo Group is up 8.1%, or $1.01 to $13.51.
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DECK | Hot Stocks10:00 EDT Deckers Brands rises 8.7% - Deckers Brands is up 8.7%, or $11.15 to $139.60.
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ENVA | Hot Stocks10:00 EDT Enova International rises 9.5% - Enova International is up 9.5%, or $2.18 to $25.23.
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JCI | Hot Stocks09:54 EDT Johnson Controls expects Power Solutions sale to close no later than June 30 - Says new product introductions are continuing to ramp in 2019. Says will remain focused on improving returns and strengthening operating leverage. Says continues to see broad-based strength in order book. Says project pipeline remains 'robust'. Expects continued strong order growth at mid-to-high single digit rate. Says end markets remain healthy. Says cash management office continues to execute well. Says expects to reduce corporate expense by about $50M over time. Says being very aggressive with buyback program. Comments taken from Q1 earnings conference call.
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TWLO | Hot Stocks09:51 EDT Twilio completes SendGrid acquisition, transaction valued at approximately $3B - Twilio announced the successful completion of its previously announced acquisition of email API platform SendGrid.This follows approval by the stockholders of both companies at separate meetings on Jan. 30. This transaction is valued at approximately $3B. Based on the closing price of Twilio Class A common stock on Jan. 31 and the exchange ratio of 0.485 shares of Twilio Class A common stock per share of SendGrid common stock, SendGrid stockholders received approximately $53.99 of aggregate value per share of SendGrid common stock. As a result of the acquisition, shares of common stock of SendGrid ceased trading prior to the open of the market on Feb. 1, 2019 and will no longer be listed on the New York Stock Exchange. "Effective customer engagement is a strategic imperative for every company. With SendGrid now a part of Twilio, our goal is to provide a complete platform for every form of customer engagement," said Jeff Lawson, Twilio co-founder and CEO. "Through our mutual developer-first approach, we empower the builders of the world to create magical customer experiences unique to every interaction." SendGrid will operate as a wholly owned subsidiary of Twilio and will continue to be led by SendGrid CEO Sameer Dholakia, reporting to Lawson. "The acquisition of SendGrid signals that Twilio is redefining its position in the market, enhancing its customer engagement capabilities with a comprehensive omnichannel offering," said Raul Castanon-Martinez, senior analyst, 451 Research. "The deal should also help cement its position in the enterprise. This could give Twilio added momentum for expanding its customer base and support continued revenue growth."
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DOOR | Hot Stocks09:47 EDT Masonite falls -7.5% - Masonite is down -7.5%, or -$4.31 to $52.89.
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VEDL | Hot Stocks09:47 EDT Vedanta falls -18.2% - Vedanta is down -18.2%, or -$2.03 to $9.14.
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CLS | Hot Stocks09:47 EDT Celestica falls -19.3% - Celestica is down -19.3%, or -$1.92 to $8.01.
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BAH | Hot Stocks09:47 EDT Booz Allen rises 7.8% - Booz Allen is up 7.8%, or $3.81 to $52.94.
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POST | Hot Stocks09:47 EDT Post Holdings rises 8.3% - Post Holdings is up 8.3%, or $7.71 to $100.53.
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DECK | Hot Stocks09:47 EDT Deckers Brands rises 14.4% - Deckers Brands is up 14.4%, or $18.45 to $146.90.
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HON | Hot Stocks09:42 EDT Honeywell says 'significant room' for margin expansion - Says: "Very confident" about Aero outlook for FY19... Potential to deploy $14B for share buybacks, dividends and M&A... "Very comfortable" with presence in India... Sees bolt-on acquisitions, not large ones... Expects all business units to expand margins in FY19.
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CUO | Hot Stocks09:35 EDT Continental Materials spikes 27% after announcing sale of Transit Mix Concrete - Continental Materials announces the sale of substantially all the assets of Transit Mix Concrete, a leading supplier of building materials in Colorado to Aggregate Industries - WCR, a subsidiary of LafargeHolcim, for approximately $27M. The transaction includes the ready-mix plant operations in Colorado Springs and Pueblo, Colorado and the Daniels sand pit in Colorado Springs, Colorado. "We are pleased to find a supportive new partner for Transit Mix, who will invest and grow the ready-mix and sand operations in Southern Colorado and retain over 180 skilled and experienced employees. Since Continental Materials acquired Transit Mix in 1955, it has overseen steady growth through long term investment, from a single operation to the current business with $60m revenue and several locations along the Southern Front Range," said Jim Gidwitz, Chairman of Continental Materials. "With the proceeds from the sale Continental Materials will look to invest in US based manufacturing businesses with a long term outlook." Continental Materials is retaining its building supply and aggregates businesses in Colorado, which will be rebranded as Castle Rebar and Supply and Castle Concrete Aggregates, respectively. Shares of Continental Materials are up 26.8% or $4.00 per share to $18.90 per share.
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PFE | Hot Stocks09:21 EDT Pfizer receives positive CHMP opinion for Vizimpro - Pfizer announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency has adopted a positive opinion recommending Vizimpro 45 mg, as monotherapy, be granted marketing authorization in the European Union for the first-line treatment of adult patients with locally advanced or metastatic non-small cell lung cancer with epidermal growth factor receptor-activating mutations. The CHMP's opinion will now be reviewed by the European Commission. Vizimpro was approved by the U.S. Food and Drug Administration in 2018 for the first-line treatment of patients with metastatic NSCLC with EGFR exon 19 deletion or exon 21 L858R substitution mutations as detected by an FDA-approved test. It was also recently approved in Japan for EGFR gene mutation-positive, inoperable or recurrent NSCLC. The Marketing Authorization Application for Vizimpro was based on results from ARCHER 1050, a randomized, multicenter, multinational, open-label, Phase 3 study conducted in patients with locally advanced unresectable, or metastatic NSCLC harboring EGFR exon 19 deletion or exon 21 L858R substitution mutations, an Eastern Cooperative Oncology Group performance status of 0 or 1; with no prior therapy for metastatic disease or recurrent disease with a minimum of 12 months disease-free after completion of systemic therapy. A total of 452 patients were randomized 1:1 to Vizimpro 45 mg or gefitinib 250 mg.
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TYL | Hot Stocks09:21 EDT Tyler Technologies to acquire MicroPact from Arlington Capital for $185M in cash - Tyler Technologies announced it has signed a definitive agreement to acquire MicroPact for approximately $185M in cash. The transaction is targeted to close on March 15, 2019, pending federal regulatory approvals. Founded in 1997 by CEO Kristoffer Collo, MicroPact was formerly known as MicroPact Engineering and since 2012 has operated as MicroPact through several affiliated entities. The company is based in Herndon, VA, employs 469 people, and has annual revenues of more than $70M.
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FCAU CBS | Hot Stocks09:13 EDT Fiat Chrysler won't air ads during Super Bowl broadcast, goes exclusively online - Fiat Chrysler (FCAU) announced that "instead of advertising in the Big Game," FCA US debuted seven commercials online this week as part of its "Big Game Blitz" strategy. Olivier Francois, Chief Marketing Officer of FCA US, stated: "The teams that get to the Big Game do it by breaking through. By breaking out. By making big plays at the right time and taking calculated chances. We're no different. This year, we will exclusively use social and digital to showcase our commercials. We decided to explore innovative ways to ride the wave of highly engaged viewers, during the one time of the year when the commercials are fun and everybody is talking about them. With this new approach, we are able to engage with the audience through more creative executions than ever before leading up to this Sunday night." The Fly notes that Adweek reported yesterday that CBS (CBS), which is airing the Super Bowl this Sunday, has been working with a handful of clients this week "through several different scenarios," including the possibility of "extending their spots from 30 seconds to 45 or 60 seconds" as the broadcaster is no longer declaring a sellout for its Super Bowl advertising.
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BVN | Hot Stocks09:08 EDT Buenaventura resumes operations at Orcopampa mine - Buenaventura announced that it has resumed operations at its Orcopampa mine. As was announced on December 12, 2018, the company decided to temporarily suspend production at the Orcopampa mine, beginning on December 17, 2018 through January 31, 2019. This is consistent with the Buenaventura's strategy of prioritizing Orcopampa's De-bottlenecking Program over ore extraction. In accordance with Buenaventura's communicated plan, the existing infrastructure was successfully optimized by improving the mine ventilation system and reinforcing the galleries to ensure the safety of Orcopampa's on site team. All activities at both the mine and the plant will resume with no delays.
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AMZN... | Hot Stocks09:06 EDT Fly Intel: Pre-market Movers - UP AFTER EARNINGS: Exxon Mobil (XOM), up 2%... Chevron (CVX), up 2%... Merck (MRK), up 2%... Honeywell (HON), up 2%. ALSO HIGHER: Geron (GERN), up 9% after announcing Aleksandra Rizo as Chief Medical Officer. DOWN AFTER EARNINGS: Amazon (AMZN), down 4%... Cigna (CI), down 3%... Teck Resources (TECK), down 4%... Weyerhaeuser (WY), down 1%... Changyou.com (CYOU), down 10%. ALSO LOWER: Floor & Decor (FND), down 5% after being downgraded to Underperform from Buy at BofA Merrill Lynch.
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TBLT | Hot Stocks09:04 EDT ToughBuilt announces distribution agreement with Toolbank - ToughBuilt announced it has entered into a distribution agreement with Toolbank. Toolbank specializes in the distribution of hand tools, power tools, consumables, accessories, fixings and fasteners to the retail and merchant trades throughout the United Kingdom and Ireland, as well as across Europe. As a specialist distributor of many of the most well known worldwide tool and accessory brands/manufacturers, Toolbank currently stocks over 30,000 products.
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FCAU | Hot Stocks09:03 EDT Fiat Chrysler reports January U.S. sales up 2% to 136,082 vehicles - FCA US LLC said today January U.S. sales rose 2 percent to 136,082 vehicles compared with sales of 132,803 vehicles in January 2018. Retail sales for the month were 104,290 vehicles while fleet sales totaled 31,792 vehicles and accounted for 23 percent of total sales during the month. "In spite of some frigid January weather, we remain bullish on 2019 given the continued underlying strength of the US economy," said U.S. Head of Sales Reid Bigland. "We expect a good cadence of new product throughout the year led by our Ram heavy-duty pickup trucks and Jeep Gladiator midsize truck in the first half of this year."
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HON | Hot Stocks08:56 EDT Honeywell says expects to achieve 'upper end' of FY19 sales guidance
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SBBX | Hot Stocks08:55 EDT SB One Bancorp announces share repurchase program for up to 470,000 shares - SB One Bancorp announced that its board has authorized a common stock repurchase program. Under the repurchase program, the company may repurchase up to 470,000 shares of its outstanding common stock, or approximately 5% of its currently outstanding common stock. The repurchase program will expire on January 22, 2020, unless completed sooner or otherwise extended.
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REFR | Hot Stocks08:53 EDT Research Frontiers, Gauzy announce second production facility in Germany - Research Frontiers and Gauzy announced Gauzy's second production facility in Stuttgart, Germany to produce SPD-Smart light control film for the entire SPD-SmartGlass industry, including automotive and architectural applications. Gauzy expects the new facility to be in production within the next six months. The company will host a special invitation-only event for industry professionals, key customers, and media later this year to launch the new production site. It can coat SPD light-control film as wide as 1.8 meters. This follows the inauguration of Gauzy's previously announced SPD film production line in Tel Aviv this past October. That facility has the capacity to produce up to 364 thousand square meters of film per year per shift.
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HON | Hot Stocks08:46 EDT Honeywell says U.S pension 105% funded, no contributions expected
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SIRI P | Hot Stocks08:45 EDT Sirius XM completes acquisition of Pandora - Sirius XM Holdings (SIRI) announced that it has completed its acquisition of Pandora Media (P). With the transaction complete, SiriusXM is the world's largest audio entertainment company with strong, long-term growth opportunities. As previously announced, the outstanding shares in Pandora not already owned by SiriusXM will be exchanged for a fixed ratio of 1.44 newly issued SiriusXM shares. Shares of Pandora's common stock are no longer trading on the New York Stock Exchange.
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SEND | Hot Stocks08:43 EDT SendGrid trading halted, news dissemination
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WRD | Hot Stocks08:43 EDT WildHorse Resource trading halted, news dissemination
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AZN | Hot Stocks08:42 EDT AstraZeneca reports Forxiga receives positive EU CHMP opinion - AstraZeneca announced that the Committee for Medicinal Products for Human Use, or CHMP, of the European Medicines Agency has recommended a new indication for the marketing authorization of Forxiga after adopting a positive opinion for use as an oral adjunct treatment to insulin in adults with type-1 diabetes. Forxiga is also under regulatory review in the U.S. and Japan for use as adjunct treatment to insulin in adults with T1D, the company noted.
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HON | Hot Stocks08:36 EDT Honeywell says does not expect 'any material impact' on FY results from tariffs - Says not planning for recession in FY19. Comments from Q4 earnings conference call.
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CVX | Hot Stocks08:35 EDT Chevron reports Q4 worldwide net-oil equivalent production 3.08M barrels per day - Worldwide net oil-equivalent production was 3.08 million barrels per day in fourth quarter 2018, compared with 2.74 million barrels per day from a year ago. Net oil-equivalent production for the full year 2018 was 2.93 million barrels per day, compared with 2.73 million barrels per day from the prior year. U.S. upstream operations earned $964 million in fourth quarter 2018, compared with $3.69 billion a year earlier. The decrease was primarily due to the absence of the prior year benefit of $3.33 billion from U.S. tax reform, partially offset by higher crude oil production and realizations. Net oil-equivalent production of 858,000 barrels per day in fourth quarter 2018 was up 187,000 barrels per day from a year earlier. International upstream operations earned $2.33 billion in fourth quarter 2018, compared with $1.60 billion a year ago. Net oil-equivalent production of 2.23 million barrels per day in fourth quarter 2018 was up 156,000 barrels per day from a year earlier. U.S. downstream operations earned $256 million in fourth quarter 2018, compared with earnings of $1.20 billion a year earlier. International downstream operations earned $603 million in fourth quarter 2018, compared with $84 million a year earlier.
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KOOL | Hot Stocks08:34 EDT Cesca Therapeutics' ThermoGenesis PXP System selected by Orthohealing Center - Cesca Therapeutics-owned private corporation ThermoGenesis has entered into a Supply Agreement with Orthohealing Center Management that will allow the OCM network of physicians to utilize the ThermoGenesis PXP system to prepare a precise cell concentrate from autologous bone marrow in their office laboratories in order to provide the benefits of their Orthohealing Method to their patients.
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CVX | Hot Stocks08:34 EDT Chevron says added 1.46B of net oil-equivalent proved reserves in 2019 - The company added approximately 1.46 billion barrels of net oil-equivalent proved reserves in 2018. These additions, which are subject to final reviews, equate to approximately 136 percent of net oil-equivalent production for the year. The largest additions were from the Permian Basin in the United States and the LNG projects in Australia.
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CVX | Hot Stocks08:33 EDT Chevron sees 2019 production up 4%-7% excluding impact of asset sales
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CVX | Hot Stocks08:33 EDT Chevron reports net oil equivalent production up over 7% in 2018 to 2.93M BOE/d
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TWO | Hot Stocks08:32 EDT Two Harbors appoints Mary Riskey as CFO - Two Harbors Investment confirmed the appointment of Mary Riskey as VP, CFO effective February 1, 2019. The appointment of Riskey as CFO became effective following the previously announced resignation of Brad Farrell as of January 31, 2019. Riskey joined Two Harbors in 2011 and has most recently served in the role of VP, Acting CFO and Treasurer, since October 2018. Additionally, the company announced that its Board of Directors has appointed Sheila Lichty to serve as VP and Treasurer, effective February 1, 2019. Lichty will work closely with and report directly to Mary Riskey. Lichty joined Two Harbors in 2013 and has most recently served as Assistant Treasurer of the company.
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XOM | Hot Stocks08:22 EDT Exxon Mobil reports Q4 upstream production 4,010 koebd vs. 3,786 koebd last year - Reports Q4 U.S. upstream earnings $265M vs. $7.06B last year. Reports Q4 international upstream earnings $3.05B vs. $1.29B last year. Reports Q4 U.S. downstream earnings $987M vs. $918M last year. Reports Q4 international downstream $1.72B vs. $646M last year. Reports Q4 U.S. chemical earnings $282M vs. $777M last year. Reports Q4 international chemical earnings $455M vs. $493M last year.
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MNGA | Hot Stocks08:21 EDT Taronis Technologies announces official name change from MagneGas - Taronis Technologies formally announced its corporate rebrand and name change. The company is now known as Taronis Technologies.
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ONCS | Hot Stocks08:19 EDT OncoSec CEO sees Tavo on schedule for 2020 registration - OncoSec CEO Daniel O'Connor stated, "(...) as we enter 2019, we are well-positioned to continue advancing our lead program, Tavo, towards registration in multiple tumor settings in the United States beginning as early as 2020. Our focus in 2019 will be moving Tavo towards registration in our current indication of PD-1 refractory, late-stage melanoma, progressing our recently announced registration-enabled clinical study in cervical cancer, expanding our ability to target tumors affecting internal organs, advancing a new, second pipeline candidate for which we expect to file an IND in 2019, and completing Keynote-890, our combination study with Tavo + Keytruda in TNBC." The company anticipates achieving the following milestones in 2019: receiving Advanced Therapy Medicinal Product Classification in Europe by EMA's committee for Advanced Therapies for melanoma in 1H19; initiating European trial sites in Keynote-695 this year; completing enrollment in Keynote-695 2H19; dosing first patient in OMS-150 cervical cancer study in 1H19; providing preliminary data update for the Keynoe-890 TNBC study in 2H19; presenting New Product Candidate at a major medical meeting this year, and filing IND for New Product Candidate in 2H19.
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LMRK | Hot Stocks08:18 EDT Landmark Infrastructure amends omnibus agreement to extend reimbursement - Landmark Infrastructure announced that it amended its omnibus agreement with Landmark Infrastructure Partners GP and Landmark Dividend. The amendment to the Omnibus Agreement, among other things, extends the period of time for which the sponsor will reimburse a portion of the partnership's general and administrative expenses. The cap for general and administrative reimbursement has been revised to 3% of the partnership's consolidated revenue during the current calendar quarter and will last until the earlier of the date on which the partnership's consolidated revenue for the immediately preceding four consecutive fiscal quarters exceeds $120M and November 19, 2021.
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RHHBY | Hot Stocks08:17 EDT Roche says CHMP recommends EU approval of Hemlibra - Roche announced that the EU Committee for Medicinal Products for Human Use has adopted a positive opinion for Hemlibra for routine prophylaxis of bleeding episodes in adults and children with severe haemophilia A without factor VIII inhibitors. The CHMP has also recommended that Hemlibra can be used at multiple dosing options for all indicated people with haemophilia A, including those with factor VIII inhibitors. The positive CHMP opinion is based on results from the pivotal HAVEN 3 and HAVEN 4 studies. In the HAVEN 3 study in people with haemophilia A without factor VIII inhibitors, Hemlibra prophylaxis led to statistically significant and clinically meaningful reductions in treated bleeds compared to no prophylaxis, and compared to prior treatment with factor VIII prophylaxis in a prospective intra-patient comparison. In the HAVEN 4 study in people with haemophilia A with and without factor VIII inhibitors, Hemlibra showed a clinically meaningful control of bleeding when dosed every four weeks. Based on this opinion, a final decision regarding the approval of Hemlibra for people without factor VIII inhibitors is expected from the European Commission in the near future.
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GEF | Hot Stocks08:16 EDT Greif receives antitrust clearance for Caraustar acquisition - Greif announced that it has received notice that the U.S. Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act regarding Greif's pending acquisition of Caraustar Industries. As this was the last regulatory approval required to complete the pending acquisition, Greif and Caraustar Industries expect the acquisition to close on February 11, subject to customary closing conditions.
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OPK | Hot Stocks08:15 EDT Opko Health receives FDA approval for Sangia PSA test with Claros 1 Analyzer - Opko Health announced that the FDA has approved the company's point-of-care Sangia total prostate specific antigen, or PSA, test using the Claros 1 Analyzer. The product is indicated to quantitatively measure total PSA in whole blood from a fingerstick of blood collected by a healthcare professional and is used in conjunction with a digital rectal exam as an aid in the detection of prostate cancer in men aged 50 years and older. The Company plans to expand the number of assays on the Claros 1 technology platform through future submissions to the FDA, including a planned submission for a testosterone test later this year.
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RHHBY | Hot Stocks08:15 EDT Roche says CHMP recommends EU approval of Tecentriq in combination with Avastin - Roche announced that the European Medicines Agency's Committee for Medicinal Products for Human Use has recommended the approval of Tecentriq, in combination with Avastin, paclitaxel and carboplatin, for the first-line treatment of adults with metastatic non-squamous non-small cell lung cancer. In people with EGFR mutant or ALK-positive NSCLC, Tecentriq, in combination with Avastin, paclitaxel and carboplatin, is indicated only after failure of appropriate targeted therapies. Based on the positive CHMP recommendation, a final decision regarding the approval of this Tecentriq-based combination is expected from the European Commission in the near future. The CHMP recommendation is based on results from the Phase III IMpower150 study, which showed that Tecentriq in combination with Avastin, paclitaxel and carboplatin helped people live significantly longer, compared with Avastin and chemotherapy in the intention-to-treat population. The safety profile of the Tecentriq combination was consistent with that observed in previous studies.
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ONCS | Hot Stocks08:14 EDT OncoSec provides clinical update on Keynote-695 melanoma study - OncoSec provided a clinical data update today regarding Keynote-695, a combination of Tavo and Keytruda for metastatic/recurrent melanoma. With one fifth of patients in the study now evaluated, the observed preliminary response rate is approximately 24% with enrollment ongoing. Observed preliminary ORR of approximately 24% is encouraging given the primary endpoint of Keynote-695 is a 20% ORR. 21 patients have been treated and evaluated for tumor response by Recist v1.1, of which five have experienced objective tumor responses. All five responding patients continue to be treated with Keytruda; two patients are no longer being treated with Tavo due to regression of all Tavo accessible lesions. All patients failed prior treatment with either Keytruda or Opdivo. Safety profile mirrors earlier Tavo. Filing for E.U. Advanced Therapy Classification will occur later this year. Study enrollment completion is anticipated in 2019, with a potential filing for accelerated approval in the U.S. in 2020 and a potential application for conditional approval in Europe shortly thereafter.
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VVC | Hot Stocks08:14 EDT Vectren trading halted, news dissemination
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P | Hot Stocks08:14 EDT Pandora trading halted, news dissemination
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IRDM | Hot Stocks08:07 EDT Iridium COO Scott Smith to retire, Suzi McBride to succeed - Iridium Communications announced that COO Scott Smith has decided to retire effective March 15th. Smith will continue to work with Iridium in a consulting role as the handoff to his successor is completed, with the company wishing him well in his greatly earned retirement. In conjunction with this announcement, the company is welcoming back to Iridium new COO Suzi McBride. McBride will assume this position effective as of February 11. Prior to rejoining Iridium, McBride spent the past two-and-a-half years at OneWeb, where she served as COO and Senior Vice President.
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NI | Hot Stocks08:06 EDT NiSource subsidiary adding three new wind farms in Indiana - NiSource subsidiary NIPSCO announced the first phase of its plans to transition to lower-cost renewable energy resources, with the addition of three new wind farms that will be based in Indiana and tied into NIPSCO's electric system. The new wind capacity is expected to be in operation by late 2020 with the three announced projects representing approximately 800 MW of nameplate capacity.
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BERY | Hot Stocks08:06 EDT Berry Global reaffirms FY19 adjusted free cash flow view $670M - The company said, "We are reaffirming our fiscal year 2019 projected cash flow from operations of $1.04B and adjusted free cash flow of $670M. Our estimate assumes constant currency rates from the end of fiscal 2018 and a normal inflationary environment on our costs. Additionally, our fiscal 2019 capital spending and cash interest costs are forecasted to be $350M and $270M, respectively. Within our adjusted free cash flow guidance, we are also assuming cash taxes to be $165M in fiscal 2019, including the $16M payment made in the first fiscal quarter under the Company's tax receivable agreement, along with working capital and other cash uses of $45M."
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RTN | Hot Stocks08:04 EDT Raytheon wins $7M contract for repair of APY-10 radar system - Raytheon was awarded a $7.1M contract by the Department of Defense for the repair of the APY-10 radar system used in support of the P-8A aircraft.
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ALG | Hot Stocks08:04 EDT Alamo Group to build new $15M vacuum truck manufacturing facility in Wisconsin - Alamo Group announced that it has approved plans to build a new $15M facility for its Super Products vacuum trucks operation. The facility will be located in the Village of Mukwonago, Wisconsin and will allow the company to consolidate and expand current production which operates out of several facilities in the greater Milwaukee area. The plant is anticipated to commence operations in the first quarter of 2020. The facility will be approximately 70% larger than the combined capacity of the existing operations and will allow Super Products to consolidate its manufacturing and customer support operations into a single, highly efficient location. It will also enable Super Products to bring in house high value operations that are currently outsourced due to capacity limitations. The site also offers the potential to expand operations to meet future needs. Since being acquired by Alamo Group in 2014, Super Products has grown steadily, in part by expanding its network of vacuum truck rental stores to serve a wider geographic market. In 2018, Super Products opened two new rental locations in Savannah, Georgia and Corpus Christi, Texas and now operates eight rental locations in seven states. The additional capacity provided by the larger facility will allow Super Products to continue its growth in the coming years.
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HF | Hot Stocks08:02 EDT HFF Inc. declares special cash dividend of $1.75 per share - HFF announced that its Board of Directors has declared a special cash dividend of $1.75 per Common Share, payable February 27, 2019 to shareholders of record on February 11, 2019. The aggregate dividend payment will total approximately $68.4M based on the number of shares of Class A Common Stock currently outstanding. This follows six special cash dividends paid since December 2012, which total a combined $10.27 per share over that period, or approximately $388.5M in the aggregate. When the special cash dividend is paid in February 2019, the combined special cash dividends paid by the Company since December 2012 will total approximately $456.9M.
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STLD | Hot Stocks08:02 EDT Steel Dynamics to acquire 75% equity interest in United Steel Supply for $134M - Steel Dynamics announced that it has entered into a definitive agreement to acquire a majority of the equity interest of United Steel Supply. United Steel Supply is headquartered in Austin, Texas and is a leading distributor of painted Galvalume flat roll steel used for roofing and siding applications. Steel Dynamics has agreed to purchase 75% of the equity interests of United Steel Supply for $134M, comprised of cash consideration of $92M and the assumption of $42M in apportioned debt. The purchase price assumes total net working capital of $59M, which is subject to customary post-closing adjustments. Additionally, Steel Dynamics has an option to purchase the remaining 25% equity interest of United Steel Supply in the future. This transaction is valued on a total enterprise value based on five times United Steel Supply's 2018 adjusted EBITDA. The existing USS owners will also have an opportunity to receive an additional earn-out over the five-year period after closing by achieving certain operational and financial metrics expected to benefit both United Steel Supply and Steel Dynamics. This transaction is subject to customary closing conditions and receipt of regulatory approvals.
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HON | Hot Stocks07:58 EDT Honeywell sees FY19 CapEx approximately $800M - Sees FY19 tax rate approximately 22%.
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SPR BA | Hot Stocks07:42 EDT Spirit AeroSystems finalizes Definitive Documentation on Boeing agreement - "As we begin 2019, our focus is on the efficient execution of production rate increases, margin expansion, continued growth in defense and fabrication, closure and integration of Asco, and continued commitment to total shareholder return," said Tom Gentile, President and CEO for Spirit AeroSystems. "Earlier this week, we finalized the Definitive Documentation on the Boeing agreement we announced in December. We are very pleased to conclude this long-term, broad-reaching agreement with our largest customer, and we look forward to working with them to execute across all programs." "In the last three months, we have also continued to work on closing the Asco deal. We have made substantial progress in identifying the issues the European Commission raised concerning the Belairbus structure," said Gentile. "This week we refiled our Form CO, which is the formal notification required for merger review and clearance by the European Commission. We hope to receive clearance during the first quarter, and our goal is to close the deal in the first half of the year."
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AAXN | Hot Stocks07:39 EDT Axon receives order for 1,000 Axon cameras from Swedish Police Authority - Axon announced that the Swedish Police Authority has contracted with Axon Public Safety Germany, a subsidiary of Axon, for a roll out of 1,000 Axon body cameras. The initial order will include 950 Axon Body and 50 Axon Flex cameras. This order was received and shipped in Q4. In addition to the body camera order, the force will also deploy Axon Commander, Axon's on-premises data management solution. This marks the first European national police force to join the Axon network.
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NTRA TMO | Hot Stocks07:37 EDT Natera announces partnership with One Lambda - Natera (NTRA) announced a partnership with Thermo Fisher Scientific's (TMO) One Lambda brand to co-distribute Natera's kidney transplant rejection test in the United States in collaboration with the company's direct sales team.
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D | Hot Stocks07:33 EDT Dominion provides cost, schedule updates on Atlantic Coast Pipeline project - Dominion Energy provided cost and schedule updates on the Atlantic Coast Pipeline project. The company currently expects that construction could recommence on the full route during the third quarter of 2019 with partial in-service in late 2020 and full in-service in early 2021. Based on that schedule, the company now expects the project cost to be between $7B-$7.5B, excluding financing costs. Similarly, the company currently expects the Supply Header project to enter commercial service in late 2020 at a project cost of $650M-$700M. CEO Farrell said: "We remain highly confident in the successful and timely resolution of all outstanding permit issues as well as the ultimate completion of the entire project. We are actively pursuing multiple paths to resolve all outstanding permit issues including judicial, legislative, and administrative avenues. We will continue to accrue AFUDC equity earnings and expect ACP to contribute to our operating earnings in 2019, 2020 and for decades to come."
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HON | Hot Stocks07:23 EDT Honeywell says expects 'strong start' to 2019 - Says: Expects strong sales and free cash flow growth with continued margin expansion... Strong balance sheet; continuing smart and disciplined capital deployment strategy... Balanced end-market dynamics, multiple self-help levers to drive outperformance. Comments from slides presentation for Q4 earnings conference call.
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HON | Hot Stocks07:16 EDT Honeywell sees continued strength in long-cycle businesses in Q1 - For Q1 sees: Continued strength in long-cycle businesses... Short-cycle growth in air transport and defense aftermarket, sensing and IoT, and commercial fire... Margin expansion driven by commercial excellence, benefits from previously funded repositioning, and spin accretion... ~(25c) earnings dilution YoY from spins, net of spin indemnity. Comments from slides presentation for Q4 earnings conference call.
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HON | Hot Stocks07:13 EDT Honeywell sees FY19 segment margin 20.7%-21%, up 110-140 bps - For FY19 sees: Long-cycle growth supported by strong backlog; cautious assumptions on short-cycle growth given uncertain macro... Balanced outlook with multiple cost levers in the event of a slowdown; plan assumes no recession... Adjusted free cash flow conversion remains near 100%... Minimal impact from tariffs expected in 2019 after mitigation actions... Planning at least (1%) share count reduction in 2019... Net below the line impact ~($80M). Comments from slides presentation for Q4 earnings conference call.
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CTIC | Hot Stocks07:04 EDT CTI BioPharma withdrawing European application for pacritinib in myelofibrosis - CTI BioPharma will withdraw its European Marketing Authorization Application for pacritinib as a treatment for myelofibrosis after recent interactions with the European Medicine Agency's Committee for Medicinal Products for Human Use, during which the company learned that the committee was likely to formally adopt a negative opinion in its evaluation of the application. The CHMP indicated that the risk-benefit profile for pacritinib for the intended indication has not been sufficiently established with the clinical data available to date. The company is continuing to develop pacritinib for both U.S. and European registration as a treatment for myelofibrosis patients with severe thrombocytopenia. CTI plans to seek scientific guidance from the EMA before beginning the planned Phase 3 study, having already discussed the protocol design with the FDA last month. The Phase 3 trial is expected to begin enrollment in Q3. A planned third interim review of the PAC203 study was held by the Independent Data Monitoring Committee and the study will continue as scheduled. The IDMC did not identify significant drug- or dose-related safety concerns and specifically did not identify any concerns around hemorrhagic or cardiac toxicity.
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NAVB | Hot Stocks07:02 EDT Navidea announces extension of NYSE American listing - Navidea Biopharmaceuticals announced the receipt of a notice from the NYSE American on January 28, 2019 that the NYSE American has granted the Company an extension until March 31, 2019 to regain compliance with Section 1003(f)(v) of the NYSE American's continued listing standards. Navidea previously disclosed that it received a notification from the NYSE American stating that Navidea was not in compliance with certain provisions of the NYSE American continued listing standards, including Section 1003(f)(v), which relates to the selling price per share of the Company's securities. The NYSE American staff initially granted Navidea a plan period through February 14, 2019 to regain compliance with Section 1003(f)(v) by effecting a reverse stock split or otherwise demonstrating sustained price improvement. In August 2018, Navidea's stockholders voted to approve a potential amendment to the Company's amended and restated certificate of incorporation to effect a reverse split of the Company's common stock, as determined by the Board of Directors at its discretion, of a ratio of not less than one-for-five and not more than one-for-twenty. Navidea's Common Stock will continue to be listed on the NYSE American while it attempts to regain compliance with the listing standards noted, subject to Navidea's compliance with other continued listing requirements.
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THS NWL | Hot Stocks07:00 EDT TreeHouse announces Dean Genral as CCO - TreeHouse (THS) announced that Dean General will be joining the company as senior VP and CCO, effective February 18. General brings over 30 years of world-class consumer packaged goods and durables sales experience to the role and was most recently global customer development lead, in addition to head of sales & senior VP, outdoor recreation division, at Newell Brands (NWL), where he led the delivery of sales and channel marketing plans to drive accelerated growth with key customers.
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MRK | Hot Stocks06:56 EDT Merck says FY19 adjusted EPS guidance includes about 1% positive impact from FX - Says FY19 revenue guidance includes approximately 1% negative impact from FX.
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LOXO LLY | Hot Stocks06:52 EDT Eli Lilly's acquisition of Loxo Oncology reaches HSR waiting period expiration - Eli Lilly (LLY) ("Lilly") and Loxo Oncology (LOXO) announced the expiration of the waiting period under the HSR Antitrust Improvements Act of 1976, in connection with Lilly's previously-announced tender offer to acquire all outstanding shares of Loxo Oncology for a purchase price of $235.00 per share in cash, or approximately $8.0B. Lilly's wholly-owned subsidiary, Bowfin Acquisition Corporation, commenced the tender offer on January 17, and the tender offer is scheduled to expire one minute after 11:59 P.M., on February 14. The transaction is expected to close by the end of Q1. Following the completion of the tender offer, Lilly will acquire any shares of Loxo Oncology that are not tendered into the tender offer through a second-step merger at the Offer Price.
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TEVA | Hot Stocks06:51 EDT Teva receives positive CHMP opinion for AJOVY - Teva announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency has recommended granting a marketing authorization for AJOVY 225 mg solution for injection in pre-filled syringe for the prophylaxis of migraine in adults who have at least four migraine days per month. If approved by the European Commission, AJOVY, a humanized monoclonal antibody that binds to the calcitonin gene-related peptide ligand and blocks its binding to the receptor, will be the first and only anti-CGRP treatment in the European Union with both quarterly and monthly dosing options.
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LLY LOXO | Hot Stocks06:51 EDT Eli Lilly announces expiration of HSR waiting period to acquire Loxo Oncology - Eli Lilly (LLY) and Loxo Oncology (LOXO) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, or the HSR Act, in connection with Lilly's previously-announced tender offer to acquire all outstanding shares of Loxo Oncology for a purchase price of $235.00 per share in cash, or approximately $8B. Lilly's wholly-owned subsidiary, Bowfin Acquisition, commenced the tender offer on January 17 and the tender offer is scheduled to expire on February 15. The transaction is not subject to any financing condition and is expected to close by the end of Q1, subject to customary closing conditions, including the tender of a majority of the outstanding shares of Loxo Oncology's common stock. The expiration of the waiting period under the HSR Act satisfies one of the conditions to the closing of the transaction. Following the successful completion of the tender offer, Lilly will acquire any shares of Loxo Oncology that are not tendered into the tender offer through a second-step merger at the offer price.
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MRK | Hot Stocks06:49 EDT Merck sees FY19 adjusted tax rate 18.5%-19.5% - Sees FY19 adjusted operating expenses higher than 2018 by a low- to mid-single digit rate.
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MRK | Hot Stocks06:47 EDT Merck reports Q4 Keytruda sales up 66% y/y to $2.15B
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INVH | Hot Stocks06:47 EDT Invitation Homes raises dividend to 13c per share from 11c per share - Invitation Homes announced that it has declared a quarterly cash dividend of $0.13 per share payable on shares of its common stock, representing an 18.2% increase over the prior quarterly dividend of 11c per share. The dividend will be paid on or before February 28, to stockholders of record of the company's common stock as of the close of business on February 13.
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DB | Hot Stocks06:43 EDT Deutsche Bank CEO says bank 'on the right track' - Christian Sewing, CEO, said: Our return to profitability shows that Deutsche Bank is on the right track. Now, our priority is to take the next step. In 2019 we aim not only to save costs but also to make focused investments in growth. We aim to grow profitability substantially through the current year and beyond."
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LVS... | Hot Stocks06:43 EDT Macau reports January casino revenue down 5.0% to 24.94B patacas - Macau's gaming bureau reported January gross revenue from games of fortune in the region fell 5.0% year-over-year to 24.94B patacas. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO).
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DB | Hot Stocks06:43 EDT Deutsche Bank reports Q4 Corporate & Investment Bank revenues EUR2.6B - In the Corporate & Investment Bank, revenues were 2.6 billion euros, down 5%. Revenues in the quarter benefited from positive debt valuation adjustments of 67 million euros and a positive change in the valuation of an investment of 56 million euros, versus a negative debt valuation adjustment of 19 million euros in the prior year quarter. Adjusting for these items, revenues would have declined by 10%. In the Private & Commercial Bank, revenues were 2.5 billion euros, up 6%.
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DB | Hot Stocks06:42 EDT Deutsche Bank cuts 2019 adjusted cost target to EUR21.8B - Given the progress in 2018, management has lowered its 2019 adjusted cost target to 21.8 billion euros, versus 22 billion euros previously. Management reaffirmed its target to reduce the internal workforce to well below 90,000 by the end of 2019. Additionally, Deutsche Bank reaffirmed its commitment to its plans to achieve a post-tax Return on Tangible Equity target of above 4% in 2019.
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HMC | Hot Stocks06:36 EDT Honda says 'no changes' to FY19 forecast
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TLYS | Hot Stocks06:32 EDT Tilly's declares one-time, special cash dividend of $1.00 per share - Tilly's announced that its Board of Directors has declared a special cash dividend of $1.00 per share, or approximately $29.5M in the aggregate, on the company's outstanding Class A and Class B common stock. This one-time, special dividend is payable on February 27 to stockholders of record at the close of business on February 15.
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ALE | Hot Stocks06:31 EDT Allete raises quarterly dividend 5% to 58.75c per share - On an annual basis, the increased dividend is equivalent to $2.35 per share. The regular quarterly dividend is payable March 1 to common shareholders of record at the close of business February 15.
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RRTS | Hot Stocks06:21 EDT Roadrunner sees 2018 adjusted EBITDA $15M-$20M
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RRTS | Hot Stocks06:20 EDT Roadrunner to commence fully backstopped $450M rights offering - Roadrunner will commence its previously announced fully backstopped $450M rights offering. The company will distribute to stockholders of record as of January 30 transferable subscription rights to purchase an aggregate of 900M new shares of the company's common stock. Each stockholder will receive one right for every share of common stock such holder owned on the record date. Each transferable subscription right will entitle the holder to purchase approximately 23.1 shares of the company's common stock at a subscription price of 50c per share. If the company's common stock closes at or above 51c during the subscription period, the company expects the transferable subscription rights will be admitted for trading on the NYSE under the symbol "RRTS RT" on the next trading day. The company obtained a backstop commitment from Elliott Management to ensure that the rights offering will be fully subscribed and that the company will raise $450M in gross proceeds. The net proceeds from the rights offering and backstop commitment will primarily be used to fully redeem the company's outstanding shares of preferred stock and pay related accrued and unpaid dividends; additionally, the company will retain at least $30M of net proceeds which will be used for general corporate purposes. The purpose of the rights offering is to improve and simplify the company's capital structure in a manner that gives the company's existing stockholders the opportunity to participate on a pro rata basis.
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CYD | Hot Stocks06:14 EDT China Yuchai subsidiary increases ownership in YC Europe to 75% for EUR225,000 - China Yuchai, through its main operating subsidiary, Guangxi Yuchai Machinery, or GYMCL, announced that GYMCL has increased its equity ownership in its subsidiary YC Europe to 75.0% from 67.5%. GYMCL has purchased the 225,000 ordinary shares of YC Europe owned by Heinz Norbert Schuchert, or HNS, representing a 7.5% equity ownership, for a total consideration of EUR225,000 comprising EUR15,000 paid by GYMCL to HNS and EUR210,000 paid by GYMCL to YC Europe being payment of HNS' outstanding contribution to the registered capital of YC Europe. The said consideration is funded by GYMCL's internal funding. YC Europe was incorporated in April 2015 to market off-road engines in Europe.
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WRLS | Hot Stocks06:12 EDT TPx Communications announces combination with Pensare Acquisition Corp. - U.S TelePacific Holdings Corp. dba TPx Communications, and Pensare Acquisition Corp., announced that they have entered into a definitive agreement pursuant to which TPx will become a Nasdaq-listed public company. The transaction implies a combined company's enterprise value of approximately $1.1B and an approximately 8.0x multiple of expected 2019 adjusted EBITDA. Upon closing of the transaction, Pensare intends to change its name to "TPx Corp." and expects to continue trading on Nasdaq under the new ticker symbol "TPXC." It is anticipated that TPx's management team, led by CEO Dick Jalkut and CFO Tim Medina, will continue to lead the combined company and Pensare CEO, Darrell J. Mays, will serve as Vice Chairman of the combined company's board of directors. In addition, TPx's current controlling stockholders, including its largest stockholder, Investcorp, will remain as equity holders in the combined entity. Pursuant to the terms of the Agreement, at the closing of the proposed transaction, Pensare will pay $248M in cash and $95M in Pensare equity to the equity holders of TPx, subject to certain adjustments contained in the Agreement. Concurrently with the consummation of the transaction, it is anticipated that certain institutional and other investors will purchase equity securities of the combined entity in a proposed private placement. The net cash proceeds remaining from Pensare's trust account and the proposed private placement are expected to be used to reduce TPx's current net debt, fund its growth plan, and allow TPx to pursue opportunistic acquisitions. The Pensare and TPx boards of directors have approved the proposed transaction. The parties expect to complete the proposed transaction upon receipt of Pensare stockholder approval, proceeds from the proposed private placement, and other customary closing conditions, including regulatory approvals.
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GRVY | Hot Stocks06:11 EDT Gravity announces Ragnarok M: Eternal Love collaboration - Gravity announced Ragnarok M: Eternal Love has been updated through collaborative events with Neon Genesis Evangelion. Ragnarok M: Eternal Love is in collaboration with "Neon Genesis Evangelion" from January 31 to February 28. This collaboration is updated for Taiwan, Hong Kong, Macau, Korea and Southeast version. During the event, the game offers Evangelion's characters customs and other items. Based on Ragnarok M: Eternal Love's performance, the company predicts a tentative Q4 unaudited consolidated revenue as KRW111B.
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GNRC | Hot Stocks06:08 EDT Generac's Pramac acquires majority interest in Captiva Energy Solutions - Generac Holdings subsidiary PR Industrial, or Pramac, a manufacturer of generators, light towers and material handling equipment, acquired a majority interest in Captiva Energy Solutions. Founded in 2010 and headquartered in Kolkata, India, Captiva Energy Solutions specializes in customized generators. Captiva has 7 sales offices located throughout India and has over 100 employees.
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CI | Hot Stocks06:08 EDT Cigna sees FY19 medical customer growth of 300,000-400,000
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CI | Hot Stocks06:06 EDT Cigna sees FY19 adjusted tax rate 23.5%-24.5%
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CI | Hot Stocks06:05 EDT Cigna CEO says 'positioned to deliver outstanding growth' in 2019 - "Cigna completed an exceptionally strong 2018, with revenue, customer, and earnings growth, driven by continued innovation across the business," said David Cordani, President and CEO. "We enter 2019 further strengthened by our combination with Express Scripts and positioned to deliver outstanding growth fueled by accelerated innovation that will improve whole person health and affordability for customers and clients."
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NDAQ | Hot Stocks05:57 EDT Nasdaq announces end of extended acceptance period in offer fro Cinnober - On December 18, 2018, Nasdaq Technology AB, a wholly-owned indirect subsidiary of Nasdaq, announced the Revised Offer. On January 10, 2019, Nasdaq Technology announced that at the end of the extended acceptance period January 9, 2019 it controlled 98.2% of the total number of shares in Cinnober and completed the Revised Offer. At the same time, the acceptance period was further extended up to and including January 30. At the end of the further extended acceptance period on January 30, the Revised Offer has been further accepted by shareholders representing a total of 321,886 shares in Cinnober, corresponding to 1.4 percent of the total number of shares in Cinnober. This implies that Nasdaq Technology controls 99.6% of the total number of shares in Cinnober. Nasdaq Technology will not extend the acceptance period further. The last day of trading of the share on Nasdaq Stockholm will be February 8. At the end of the further extended acceptance period on January 30, the Revised Offer has been further accepted by shareholders representing a total of 321,886 shares in Cinnober, corresponding to 1.4% of the total number of shares. Furthermore, at the end of the further extended acceptance period, the Revised Offer has been accepted by warrant holders representing all warrants. Nasdaq Technology has, during the period January 10 - January 30, not acquired any shares in Cinnober. In total, including the acceptances received at the end of the extended acceptance period, Nasdaq Technology controls 22,596,693 shares, corresponding to 99.6 percent of the total number of shares in Cinnober. Other than the above mentioned shares and warrants, none of Nasdaq Technology or Nasdaq, Inc. holds any financial instruments that provide a financial exposure to Cinnober's shares. Nasdaq Technology will not extend the acceptance period further. Settlement with respect to the shares for which acceptances have been received as of January 30 is expected to commence on February 6. Nasdaq Technology has initiated a compulsory redemption of the remaining shares in Cinnober. Further, Cinnober announced on January 24 that Cinnober will be delisted from Nasdaq First North and that the last day of trading will be February 8.
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APHA | Hot Stocks05:53 EDT Aphria introduces first cannabis strains produced in Europe - Aphria has completed its first transfer of plant cuttings from four of the company's cannabis strains to Denmark-based Schroll Medical, as part of the company's previously announced Strategic Partnership with Schroll. The shipment was completed under permits issued by the relevant health authorities, including an export permit from Health Canada, an import permit from the Danish Medicines Agency and a phytosanitary certificate from the Canadian Food Inspection Agency.
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ARRS COMM | Hot Stocks05:51 EDT Arris holders approve acquisition by CommScope - At the Court and special general shareholder meetings held today in London, ARRIS International plc (ARRS) stockholders voted by the requisite majorities to approve all matters presented regarding the proposed acquisition by CommScope (COMM) of all of the issued and to be issued ordinary shares of ARRIS pursuant to that certain Bid Conduct Agreement, dated November 8, 2018. At the meeting convened by the High Court of Justice in England and Wales, the proposal to approve the scheme of arrangement under Part 26 of the Companies Act 2006 was approved by stockholders holding 99 percent of the shares voted at the meeting. At the special general shareholder meeting convened by ARRIS, the proposal to amend ARRIS's articles of association was approved by stockholders holding 99% of the shares voted at the meeting.
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APC CEO | Hot Stocks05:47 EDT Anadarko announces LNG sale, purchase agreement with CNOOC - Anadarko Petroleum (APC) announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement with CNOOC (CEO). The SPA is for 1.5 million tonnes per annum for a term of 13 years.
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AMZN | Hot Stocks05:41 EDT Amazon Web Services says Guinness Six Nations Championship selects AWS - Amazon Web Services, an Amazon.com company, announced that the Guinness Six Nations Championship has selected AWS analytics, machine learning, and deep learning services to deliver more in-depth insight into the Championship and enhance the match experience for rugby fans around the world. As well as providing the technology behind the live broadcast of on-screen match data and statistics, AWS will also power other aspects of the Six Nations Championship across the official website. In doing so, AWS will become the official technology provider of the Six Nations.
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SRE | Hot Stocks05:28 EDT Sempra Energy receives FEIS from FERC for Port Arthur LNG project - Sempra Energy announced it received the Final Environmental Impact Statement, or FEIS, from the Federal Energy Regulatory Commission, or FERC, to construct the Port Arthur LNG natural gas liquefaction-export project in Jefferson County, Texas, as well as the Texas and Louisiana connector pipeline projects that will deliver natural gas to the new export facility. The proposed Port Arthur LNG project is expected to include two natural gas liquefaction trains capable of processing approximately 11 million tonnes per annum, or Mtpa, liquefied natural gas, or LNG, up to three LNG storage tanks and associated facilities and new natural gas transmission pipelines in Texas and Louisiana. The FEIS is the final step in the environmental review process before FERC can proceed to issue an order approving the project.
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ETN | Hot Stocks05:17 EDT Eaton to acquire controlling interest in Ulusoy Elektrik for $214M - Eaton has reached a definitive agreement to acquire an 82.28% controlling interest in Ulusoy Elektrik Imalat Taahhut ve Ticaret A.S., a manufacturer of switchgear based in Ankara, Turkey, with a primary focus on medium voltage solutions for industrial and utility customers. The purchase price for the shares is approximately $214M on a cash and debt free basis. This constitutes the entire shareholding of both privileged and ordinary shares of sellers Sait Ulusoy, Kubilay Hakki Ulusoy, Enis Ulusoy and Akgul Ulusoy, and accounts for 90.153 percent of the outstanding voting rights. On a Turkish Financial Reporting Standards basis, Ulusoy Elektrik had sales for the trailing 12-month period ending September 30, 2018, of $126M and EBIT of $36M. A reconciliation of Net Income to EBIT follows this press release. Established in 1985, the company employs approximately 780 people and has manufacturing facilities in Turkey and Indonesia. Products include medium-voltage switchgear, medium-voltage distribution transformers, substation kiosks, and medium-voltage cable connection systems. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the first half of 2019. As part of the agreement, certain unrelated businesses with expected revenue in 2018 of approximately $3M are not included in this transaction. The final purchase price will be adjusted up or down for the level of net cash delivered at closing. As required by the Turkish capital markets legislation, Eaton plans to file an application to execute a mandatory tender offer for the remaining shares shortly after the transaction closes.
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OPK | Hot Stocks05:14 EDT Opko Health provides update on development of OPK-88004 - OPKO Health announced an update on the ongoing development plans of OPK-88004, a selective androgen receptor modulator, or SARM. OPK-88004 has the ability to serve as an antagonist to androgen receptors in the prostate, resulting in decreased prostate specific antigen, or PSA, levels, and as an agonist resulting in increased anabolic effects, such as increased lean body mass and physical function and decreased fat mass. Promising clinical data from prior studies suggest that OPK-88004 can be used for the treatment of a number of symptoms such as frailty, physical function and quality of life parameters for various indications. OPKO is currently conducting a Phase 2 clinical trial that evaluates the effect of 15mg and 25mg doses of OPK-88004 on prostate volume in patients with Benign Prostatic Hyperplasia. In reviewing the blinded data, it has been noticed that to measure one of the study's primary endpoints, the trans-rectal ultrasound method proved to be too imprecise to reliably determine the drug effect. Also, although most of the laboratory changes were consistent with this class of drugs, increases in liver enzymes were observed in several men at these higher doses. The increases were transient in patients that completed the trial and returned to normal once the drug was withdrawn. Importantly, no increases in liver enzymes were observed in a previous large Phase 2 study of 420 men taking lower doses of OPK-88004. OPKO plans to suspend the current trial but continue to analyze data relating to the other primary endpoint, the effect of OPK-88004 on serum PSA levels, and the secondary endpoints, changes in lean body mass, or LBM, and fat mass. The results of this data analysis are expected in Q2 2019. OPKO is planning additional exploratory Phase 2 clinical studies to assess the feasibility of OPK-88004 in other indications. One of the trials is designed to study the safety and efficacy of OPK-88004 in prostate cancer patients treated with Androgen Deprivation Therapy, or ADT. ADT results in the reduction of testosterone to castration levels in men with prostate cancer. However, ADT is associated with side effects such as decreased LBM, physical function, bone quality and increases in body fat, frailty and hot flashes. The diminished quality of life results in approximately one-third of men treated with ADT stopping treatment within six months of initiation. OPKO's trial data in aging men indicate that OPK-88004 increases LBM, decreases fat and increases physical function. Because OPK-88004 decreases PSA levels due to its antagonistic effects on the prostate, it may be well-suited to treat men on ADT therapy. The contemplated Phase 2 study is designed to show that OPK-88004 improves ADT-associated symptoms and quality of life of prostate cancer patients. Approximately one million men are receiving ADT therapy in the U.S. Because of OPK-88004's significant increase of muscle mass, or LBM, and strength, and because of OPKO's strong interest in the therapy of chronic kidney disease, or CKD, patients, another Phase 2 trial is planned to treat kidney dialysis patients who have low testosterone levels and commonly suffer from muscle weakness and general frailty. Approximately 500,000 CKD patients are on dialysis therapy in the U.S.
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