Stockwinners Market Radar for February 05, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
RIOT | Hot Stocks20:04 EDT Riot Blockchain names Jeff McGonegal new CEO - Riot Blockchain announced that its board is implementing leadership and governance structure changes. Jeff McGonegal is being named Chief Executive Officer, replacing departing Chris Ensey, who had joined the Company in January 2018 as its Chief Operating Officer and had been appointed interim Chief Executive Officer, in September 2018. Jeffrey Vormittag, Chief Operating Officer of the Company's wholly owned subsidiary, Riot Blockchain Canada Inc. will also be leaving the company. The board wishes to thank Mr. Ensey and Mr. Vormittag for their past efforts and wishes them well in their future endeavors.
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KEG | Hot Stocks19:40 EDT Rutabaga Capital takes 9.93% passive stake in Key Energy - Rutabaga Capital disclosed a 9.93% passive stake in Key Energy. The stake represents just over 2.0M shares. The filing with the SEC does not allow for activism.
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AVA | Hot Stocks19:15 EDT Avista raises quarterly dividend 4% to 38.75c per share - Avista Corp's board of directors has declared a quarterly dividend of 38.75c per share on the company's common stock, an increase of 1.5c per share, or 4%, yielding an annualized dividend of $1.55. The common stock dividend is payable March 15, 2019, to shareholders of record at the close of business on Feb. 22, 2019.
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SNAP... | Hot Stocks19:09 EDT Fly Intel: After Hours Movers - UP AFTER EARNINGS: Snap (SNAP) up 20.9%... Zendesk (ZEN) up 9.7%... Plantronics (PLT) up 9.5%... Paycom Software (PAYC) up 7.0%... Viavi Solutions (VIAV) up 6.1%... Skyworks (SWKS) up 4.7%... Microchip (MCHP) up 4.5%... Vertex Pharma (VRTX) up 2.6%... Disney (DIS) up 0.4%. DOWN AFTER EARNINGS: The Container Store (TCS) down 17.7%... Electronic Arts (EA) down 17.1%... Macom Technology (MTSI) down 11.1%... USANA Health Sciences (USNA) down 8.4%... Calix (CALX) down 8.2%... Shutterfly (SFLY) down 7.0%... Myriad Genetics (MYGN) down 3.7%... Tableau Software (DATA) down 3.1%... Amdocs Ltd (DOX) down 2.8%... Anadarko Petroleum (APC) down 2.2%... Spirit Airlines (SAVE) down 2.2%... Genworth Financial (GNW) down 1.9%. Movers as of 18:45ET.
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CSL | Hot Stocks19:07 EDT Carlisle authorizes buyback of additional 5M shares of common stock - The board of Carlisle Companies announced a new share repurchase program that authorizes management to buy back up to an additional 5 million shares of the company's common stock over an indefinite period of time or until terminated by the Board. These shares will be purchased at management's direction from time to time in the open market at prevailing market prices, in privately negotiated transactions, or through block trades. This authorization is in addition to approximately 2.7M shares remaining, as of December 31, 2018, under the existing share repurchase authorization announced in February 2018.
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TEVA | Hot Stocks18:58 EDT Teva announces launch of ALYQ in U.S. - Teva announced the launch of ALYQ, a generic version of ADCIRCA tablets, 20 mg in the U.S. ADCIRCA had annual total sales of approximately $490M in the U.S., according to IQVIA data as of November 2018.
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IO | Hot Stocks18:50 EDT ION Geophysical expands multi-client data library offshore Brazil - ION Geophysical announced a new 2D multi-client reimaging program offshore Brazil. The first phase of the Farofa program covers acreage in the deep water Campos basin that will be available for licensing this October in Brazil's upcoming Round 16. The program will reimage ~10,000 km of existing data using the latest technology to provide an updated view of the outboard salt basin area. This program will extend the Picanha 3D program into the Round 16 area. The limited 3D data available in this area of Round 16 makes the Farofa dataset critical in providing valuable insights of the pre-salt potential. Initial data is expected to be available in Q1 2019 and the program is anticipated to be completed in May 2019.
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ALL | Hot Stocks18:35 EDT Allstate reports Q4 underlying combined ratio 86.8 vs. 85.7 last year - Reports Q4 catastrophe losses $963M vs. $599M last year.
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LGIH | Hot Stocks18:11 EDT LGI Homes reports 269 home closings in January - LGI Homes announced 269 homes closed in January 2019, compared to 277 home closings in January 2018. As of the end of January 2019, the company had 83 active selling communities.
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VALE | Hot Stocks18:00 EDT Vale declares force majeure on 'a number of related iron ore sales contracts' - Vale S.A. informs that, as a result of the temporary suspension of the Brucutu mine production, it is declaring force majeure on a number of related iron ore and pellets sales contracts. Vale reinforces its understanding that there is no technical basis nor risk assessment to justify the court decision to suspend the operation and is adopting the appropriate legal measures to resume its operations the soonest possible. Reference Link
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SNAP | Hot Stocks17:53 EDT Snap says sees 'huge opportunity' around augmented reality - Says: "Very excited" about Android opportunity... 13-24 and 13-34 age groups are a "huge opportunity"... Doing more to customize the experience for older users... Focused on CFO and Marketing role for the senior team... Most focused on Discover monetization. Comments from Q4 earnings conference call.
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SKY | Hot Stocks17:53 EDT Skyline reports Q3 gross margin 18.3% vs. 19.1% last year
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GLD | Hot Stocks17:46 EDT SPDR Gold Shares holdings fall to 811.82MT from 813.29MT - This is the third consecutive decline in holdings and the lowest level of holdings since January 25th.
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ADT | Hot Stocks17:36 EDT ADT announces Chief Legal Officer succession - ADT announced that P. Gray Finney, Senior Vice President and Chief Legal Officer, will be retiring. As his successor, David Smail has been named Executive Vice President and Chief Legal Officer, reporting to ADT President and Chief Executive Officer Jim DeVries, based in Boca Raton, FL. His appointment is effective immediately.
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CCF | Hot Stocks17:33 EDT Chase Corporation names Christian J. Talma CFO - Chase Corporation announced the appointment of Christian J. Talma to the position of Chief Financial Officer. Talma will assume full responsibility of the Finance, Accounting and IT functions of the company. Previously, he served as Chief Accounting Officer since joining Chase in August of 2018. Talma replaces Kenneth Feroldi who will continue as a Chase company officer fulfilling the role of Treasurer and senior advisor on Investor Relations, Capital Structure and M&A.
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SUN GS | Hot Stocks17:33 EDT Goldman Sachs Asset Management takes 6.1% passive stake in Sunoco - Goldman Sachs Asset Management (GS) disclosed a 6.1% passive stake in Sunoco (SUN). The stake represents 5.05M shares. The filing with the SEC does not allow for activism.
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EA | Hot Stocks17:31 EDT EA says did not properly build momentum for release of 'Battlefield V' - Says 'Battlefield V' launch didn't resonate with players as much as company wanted it to. Says made right decision to move 'Battlefield V' launch to November from October.
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IBM | Hot Stocks17:29 EDT IBM says will start winding down portion of commercial financing operations - IBM said in a regulatory filing that it will begin winding down the portion of its commercial financing operations within its Global Financing segment which provides short-term working capital solutions for OEM information technology suppliers, distributors and resellers. During 2019, IBM Global Financing will wind down the portion of its commercial financing operations which provides short-term working capital solutions for OEM information technology suppliers, distributors and resellers. This action results in a more focused financing portfolio with lower overall debt levels and refinancing requirements for IBM's financing business. The wind down is expected to begin in the second quarter of 2019 and conclude by the end of the year. The OEM commercial financing activity generated about $0.3 billion of revenue in 2018 and accounted for approximately $9 billion of financing receivables on IBM's balance sheet at the end of the year. With this action, the receivables and associated borrowings will wind down in 2019, as receivables are collected in the normal course of business. The reduction in these assets will improve the overall credit quality of the receivable portfolio. IBM Global Financing will continue to target a debt-to-equity ratio of 9:1. The wind down of this activity will reduce IBM's revenue, with a nominal impact to profit. This action does not change IBM's earnings per share and free cash flow expectations for 2019 provided during its earnings call on January 22, 2019.
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CVET... | Hot Stocks17:26 EDT Covetrus to replace Dun & Bradstreet in S&P 400 at open on 2/11 - Covetrus (CVET) will replace The Dun & Bradstreet (DNB) in the S&P MidCap 400 effective prior to the open of trading on Monday, February 11. S&P 500 constituent Henry Schein (HSIC) is spinning off Covetrus in a transaction expected to be completed on February 8. Cannae Holdings Inc. (CNNE) is acquiring The Dun & Bradstreet in a deal expected to close on February 8, pending final conditions. Post spin-off, Henry Schein will remain in the S&P 500.
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EA | Hot Stocks17:22 EDT EA says has 'modest' expectations for live services from 'Battlefield,' 'Anthem' - Says "FIFA" stands out as a robust franchise in a "tumultuous" time for the games industry.
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EA | Hot Stocks17:21 EDT EA says modeling total 'Anthem' units at 5M-6M
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CVET... | Hot Stocks17:19 EDT Covetrus to replace Dun & Bradstreet in S&P 400 at open on 2/11 - Covetrus (CVET) will replace The Dun & Bradstreet (DNB) in the S&P MidCap 400 effective prior to the open of trading on Monday, February 11. S&P 500 constituent Henry Schein Inc. (NASD: HSIC) is spinning off Covetrus in a transaction expected to be completed on February 8. Cannae Holdings Inc. (NYSE: CNNE) is acquiring The Dun & Bradstreet in a deal expected to close on February 8 pending final conditions. Post spin-off, Henry Schein will remain in the S&P 500.
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DOV | Hot Stocks17:18 EDT Dover exec Kloosterboer sells over 12,000 common shares - In a regulatory filing, Dover senior VP Jay L. Kloosterboer disclosed the sale of 12,363 common shares of the company at a price of $87.5307 per share.
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SU | Hot Stocks17:17 EDT Suncor announces additional $2B stock buyback program - Suncor expects to complete the current $3B stock buyback program by the end of February. As a result and based on expectations of sustainable future cash flow, Suncor's board has approved an additional stock buyback program of up to $2B.
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SU | Hot Stocks17:16 EDT Suncor raises quarterly dividend by 17% to 42c per share - The dividend is payable March 25, 2019 to shareholders of record at the close of business on March 4, 2019.
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EA | Hot Stocks17:12 EDT EA says this is a 'challenging' second half of the year - Says this is a "challenging" second half of the year. Says "Battlefield V" released during discounted window for other games.
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EA | Hot Stocks17:11 EDT EA says 'very pleased' with engagement of 'Anthem' demos - Says Respawn team has "big plans" for "Apex Legends." Says "very pleased" with engagement of "Anthem" demos. Says has large slate of new games heading into FY20. Says excited for plans with "Madden" franchise. Says will have a new "Need for Speed" game on the horizon. Says new "Star Wars" game "very far along" in development.
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EA | Hot Stocks17:07 EDT EA says 'doubling down' on live services games - Says "doubling down" on live services games. Says Asia performance not as strong as expected in Q3. Says confident in strength of "FIFA Ultimate Team" globally.
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DIS | Hot Stocks17:06 EDT Disney says broadcasting had a strong quarter in Q1 - Says ramp-up of ESPN+ will have a negative impact on operating income year-over-year. Says ESPN+ launch showed that Bamtech platform is robust. Says it learned ESPN's primary platforms are fantastic marketing platforms and Disney's will be as well for Disney+ launch. Says will fuel direct-to-consumer offering with intellectual property. Says not looking to adjust theatrical window. Says long-term content will be mostly internally sourced, but will buy products from the outside opportunistically. Comments taken from Q1 earnings conference call.
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EA | Hot Stocks17:05 EDT EA says 'Battlefield V' launched in very competitive time frame - Says it's been "highly competitive" year. Says games in Q3 did not perform to expectations. Says "Battlefield V" was hurt by rolling out in competitive time frame. Says "Battlefield V" community is "strong." Says new "Command & Conquer" hasn't drawn the number of installs as expected. Comments taken from Q3 earnings conference call.
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DATA | Hot Stocks17:02 EDT Tableau sees free cash flow margin of 25% or more over long term
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RYB | Hot Stocks17:02 EDT RYB Education to acquire 70% of Singapore base education group for RMB125M - RYB Education announced that it has entered into a definitive agreement to acquire approximately 70% of a leading Singapore-based private childhood education group for approximately RMB125M in cash. In conjunction with the above purchase, the Company intends to change its name from RYB Education to GEH Education to better reflect its growing platform of multiple brands, products and services in multiple markets and geographies. The Company's board of directors has approved the name change and it will be submitted to the Company's general meeting for further approval by the shareholders.
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MMM | Hot Stocks17:02 EDT 3M boosts quarterly dividend 6% to $1.44 per share - The 3M Board of Directors declared a dividend on the company's common stock of $1.44 per share for the first quarter of 2019, a 6% increase over the quarterly dividend paid in 2018. The dividend is payable March 12, to shareholders of record at the close of business on Feb. 15. "The strength of our business model enables 3M to consistently generate premium margins and strong cash flow, and to build on the company's long history of returning cash to our shareholders," said Mike Roman, 3M chief executive officer. 3M has increased its dividend for 61 consecutive years and paid dividends to its shareholders without interruption for more than 100 years.
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ISTR | Hot Stocks17:01 EDT Investar announces additional authorization under share repurchase plan - Investar Holding Corporation announced that the board has approved another 300,000 shares of the company's common stock for repurchase under a stock repurchase program, in addition to 2,288 shares remaining under the current repurchase program. The additional shares authorized for repurchase represent approximately 3% of the company's outstanding common stock.
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SNAP | Hot Stocks16:59 EDT Snap up 18.6% to $8.35 after Q4 results, Q1 guidance
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SNAP | Hot Stocks16:58 EDT Snap reports Q4 ARPU up 37% y/y, up 31% sequentially - In prepared remarks for Q4, interim CFO Lara Sweet said, "Average revenue per user increased to $2.09, an improvement of 37 percent year-over-year and 31 percent sequentially... Countries outside of North America represented 31 percent of total revenue, compared with 23 percent in Q4 2017 and 30 percent in Q3 2018... In terms of monetization, total impressions were up 179 percent year-over-year and 31 percent sequentially, while pricing was down 48 percent year-over-year and was up 3 percent sequentially... Gross margin expanded substantially, which continues to demonstrate that our business model can scale profitably. Gross margins were a record 48 percent, improving over 1,250 basis points year-over- year and over 1,220 basis points sequentially... While we are not going to give specific guidance on daily active users, we are cautiously optimistic and we do not foresee a sequential decline in daily active users in Q1 2019."
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SWN | Hot Stocks16:53 EDT Southwestern Energy sees FY19 production 750Bcfe-785Bcfe - Sees FY19 capex $1.08B-$1.18B.
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SNAP | Hot Stocks16:53 EDT Snap says plans to improve tooling, optimization, and formats in 2019 - In prepared remarks for Q4, Chief Business Officer Jeremi Gorman said, "In 2019 and beyond, we will continue to improve our tooling, optimization, and formats-to both deepen our relationships with existing partners, and rapidly onboard new ones. We have experienced quarterly growth in the number of active ad accounts every quarter since we launched our Self-Service tool in Q2 of 2017. Adding advertisers allows our marketplace to show more relevant and engaging ads to our users, which increases ad engagement rates overall, and subsequently helps the ad platform as a whole, simultaneously raising prices on a per impression basis but decreasing cost per outcome for advertisers."
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SNAP | Hot Stocks16:49 EDT Snap CEO says 'We ended the year with user engagement stabilizing' - In prepared remarks for Q4, CEO Evan Spiegel said, "We ended the year with user engagement stabilizing in advance of the broad rollout of our Android improvements, with overall Q4 daily active users flat quarter-over-quarter and average time spent above 30 minutes per day... We are substantially closer to achieving profitability, with our Q4 adjusted EBITDA loss of $50 million representing a 68 percent improvement when compared to Q4 of last year. We have maintained a relatively flat cost structure across the past five quarters while growing full-year revenue 43 percent year-over-year, with 100 percent of our incremental Q4 revenue flowing through to our bottom line... We are seeing our investments in improving the Snapchat experience beginning to bear fruit on iOS. In Q4, our iOS daily active users increased both quarter-over-quarter and year-over-year, and average time spent on iOS grew faster during Q4 than it did last year. This is great progress following our redesign, and we look forward to continuing to grow engagement on our platform... Our advertising business has progressed significantly following our transition to self-serve last year, and in 2018 we focused on building our core ad platform and products to improve performance and scalability for both brand and performance marketers... We are excited for the year ahead and we are confident that we are well positioned as we enter the new year with a stronger product, a stronger business, and a stronger team."
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WKHS | Hot Stocks16:43 EDT Workhorse Group promotes Duane Hughes to CEO - The board of Workhorse Group has promoted president and COO Duane Hughes to CEO, replacing co-founder Steve Burns, effective immediately. Hughes has served as Workhorse's president and COO since he joined the company in January 2015.
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SITO | Hot Stocks16:38 EDT Sito Mobile appoints Terry Lynn CFO - SITO Mobile announced the appointment of Terry Lynn as the company's CFO effective as of February 19. Lynn has domain expertise in online media, consumer healthcare and software-as-a-service. Lynn served as CFO at MedHelp, a large consumer healthcare company, and helped to lead its acquisition by Merck in 2014. William Seagrave, SITO Mobile's COO and interim CFO, will step down as the company's interim CFO when Lynn joins the company on February 19, and will continue to serve as COO.
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TOL | Hot Stocks16:36 EDT Toll Brothers recommends stockholders reject mini-tender from TRC - Toll Brothershas been notified of an unsolicited "mini-tender" offer by TRC Capital Corporation, TRC to purchase up to 3,000,000 shares, or approximately 2.06%, of the outstanding common stock of Toll Brothers at a price of $33.40 per share in cash. TRC's offer price is approximately 4.52 percent less than the $34.98 closing price of Toll Brothers' common stock on January 25, 2019, the day before the mini-tender offer commenced.
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FMAO | Hot Stocks16:36 EDT Farmers & Merchants CEO Paul Siebenmorgen retires - Farmers & Merchants Bancorp, the holding company for the Farmers & Merchants State Bank, announced the retirement of Paul Siebenmorgen as president and CEO. Siebenmorgen will remain a director of the company. Concurrently with Siebenmorgen's retirement, Lars Eller has been appointed as the president and CEO of Farmers & Merchants Bancorp. Eller joined F&M in September 2018 as president and CEO of Farmers & Merchants State Bank.
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LAUR | Hot Stocks16:34 EDT Laureate completes sale of USAHS to Atlas Partners for $400M - Laureate Education announced it has completed the previously announced sale of the University of St. Augustine for Health Sciences, USAHS, to Altas Partners for a total transaction value of $400M. Laureate received net proceeds of $346.4M, which includes $11.7M of closing adjustments, net of $58.1M of debt assumed by the buyer and fees of $7.2M. Laureate used $340M of the net proceeds to repay a portion of its U.S. term loan, with the remaining $6.4M in proceeds utilized to repay borrowings outstanding under its revolving credit agreement.
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CNI | Hot Stocks16:34 EDT Canadian National and United Steelworkers ratify new pact - CN and United Steelworkers announced that following a tentative agreement reached between CN and USW Local 2004 negotiators in December, union members in communities across the country reviewed the agreement and approved the contract in a national ratification vote held over the last several weeks. "This is a solid, fair agreement that recognizes the hard work of our members and the key contributions they make every day to CN's success," said Jean-Francois Migneault, President of USW Local 2004. "This five-year agreement provides CN with long-term stability," said JJ Ruest, president and chief executive officer of CN. "We are proud of what we have been able to accomplish for our railroaders. CN and the USW will continue working together to keep the network safe and secure as we undertake record investments in our track and bridge infrastructure."
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MSBI | Hot Stocks16:33 EDT Midland States increases quarterly cash dividend - Midland States Bancorp announced that its board declared a quarterly cash dividend of 24.25c per share, which represents an increase of 10.2% from the prior quarterly cash dividend of 22c per share. The dividend is payable on or about February 22 to all shareholders of record as of the close of business on February 15.
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HRTX | Hot Stocks16:32 EDT Heron Therapeutics announces retirement of President Robert Rosen - Heron Therapeutics announced that Robert Rosen, President, will be retiring. Rosen's responsibilities will be transitioned to Barry Quart, CEO of Heron, who will take on the additional role of President.
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AAPL | Hot Stocks16:31 EDT Apple names Deirdre O'Brien SVP of Retail+People - Apple announced that Deirdre O'Brien is taking on new responsibilities for Apple's retail and online stores in an expanded role as senior vice president of Retail + People, reporting to CEO Tim Cook. After five transformative years leading the company's retail and online stores, Angela Ahrendts plans to depart Apple in April for new personal and professional pursuits. In her expanded role, Deirdre will bring her three decades of Apple experience to lead the company's global retail reach, focused on the connection between the customer and the people and processes that serve them. She will continue to lead the People team, overseeing all People-related functions, including talent development and Apple University, recruiting, employee relations and experience, business partnership, benefits, compensation, and inclusion and diversity.
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SEMG | Hot Stocks16:30 EDT SemGroup subsidiary completes Wapiti Gas Plant commissioning - SemCAMS, a subsidiary of SemGroup announced that it has completed commissioning of its Wapiti Gas Plant, which is now fully operational. The 200-mmcf-per-day plant, which is 95% contracted, began processing raw sour gas and sending the sales gas to market on January 27, more than two months ahead of the original April 1 target. Costs to construct the plant came in on budget. The Wapiti Gas Plant has a full collection of midstream services including compression, sour gas sweetening, liquid recovery and condensate stabilization. The plant is currently connected to Nova Gas Transmission Pipeline to transport sales gas to market, and an additional sales gas connection to the Alliance Pipeline is expected to be complete in April. The dual sales gas connections ensure customer flexibility and variability on their sales gas egress. In addition, the plant is interconnected into the other gas plants in the SemCAMS network via the Wapiti/Simonette Pipeline Systems, providing additional operational synergies to producers.
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SFLY | Hot Stocks16:30 EDT Shutterfly trading resumes
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HCLP | Hot Stocks16:28 EDT Hi-Crush Partners sees Q1 total sales volume 2.4M-2.6M tons - For Q1, the partnership expects total sales volumes to be in a range of 2.4M-2.6M tons. The forecasted sequential increase is due to additional volumes sold from the second Kermit facility as well as increasing Northern White volumes related to the new E&P contracts previously announced. "The first quarter of 2019 will be very active for Hi-Crush, as our second Kermit facility ramps up, new Northern White E&P contracts begin, existing customers ramp up activity, and the outlook for commodity prices stabilizes," said CFO Laura Fulton. "We expect meaningful sequential growth in our sales volumes primarily due to our second Kermit facility. We expect average sand pricing to remain unchanged, despite our expectation for increased activity levels in the first quarter. We are pleased with the operational and financial results from the deployment of our container and silo systems, and see room for further improvement as we continue to enhance and develop the systems to meet the challenging and dynamic needs of our E&P customers. As we progress through the year, we anticipate the expansion of our PropStream service will move in line with the expansion of our E&P customer base, further reinforcing our position as a company built for long-term, structural success."
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PZN | Hot Stocks16:28 EDT Pzena Investment reports AUM as of January 31 $36.6B - Pzena Investment Management reported its preliminary assets under management as of January 31, 2019 $36.6B.
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APC | Hot Stocks16:28 EDT Anadarko sees FY19 total MMBOE 260-270 - Sees FY19 oil (MBOPD) 410-435.
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AMSC | Hot Stocks16:28 EDT AMSC sees cash, cash equivalents, restricted cash on March 31 no less than $76M
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EA | Hot Stocks16:26 EDT EA drops 10% after Q3 earnings report
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CAW | Hot Stocks16:26 EDT CCA Industries to voluntarily delist the Company from NYSE - CCA Industries announced that its board of directors determined that voluntarily delisting the Company's common stock, 1c par value, and Class A common stock, 1c par value from the NYSE American and voluntarily deregistering from the reporting requirements of the Securities Exchange Act of 1934, as amended are in the best interests of the Company. The Company is eligible to deregister the Common Stock because it has fewer than 300 stockholders of record. Accordingly, the Company intends to file on or about April 2, 2019 a Form 25 with the SEC to voluntarily delist the Common Stock from the NYSE American and to deregister the Common Stock from Section 12 of the Exchange Act.
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POWL | Hot Stocks16:25 EDT Powell CFO expects '2019 customer activity will strengthen over fiscal 2018' - Commenting on the company's outlook, Michael Metcalf, Powell's CFO, said, "We continue to believe that fiscal 2019 customer activity will strengthen over fiscal 2018, yielding improved margins. As a result, we continue to expect fiscal 2019 year-end backlog to improve over 2018, revenues to increase modestly, and earnings to improve to breakeven or slightly better in fiscal 2019. Our balance sheet remains strong and we are well positioned to handle this increase in our backlog."
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SHBI | Hot Stocks16:24 EDT Shore Bancshares raises dividend to 10c - Shore Bancshares announced that the Board of Directors has declared a quarterly common stock dividend in the amount of 10c per share, payable February 28 to stockholders of record on February 15. "We are pleased to announce the continuation of our quarterly cash dividend and an increase to 10c per share," said the company. "2018 was a good year for the Company and we remain committed to our strategy for growth and enhancing shareholder value. This dividend will result in a payout ratio for 2018 of 26.5% which excludes the sale of Avon Dixon on December 31, 2018."
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BE | Hot Stocks16:24 EDT Bloom Energy, SK D&D announces fuel cell distributorship agreement - SK D&D, the real estate and renewable energy development arm of SK Group, the third largest conglomerate in Korea, and Bloom Energy Corporation (BE) announced a new distributorship agreement for the direct supply of Bloom Energy fuel cells for projects developed by SK D&D. The agreement is Bloom Energy's second distributorship with an SK Group company. Bloom Energy executed a distributorship agreement with SK E&C in November 2018 to serve the utility-scale fuel cell market in Korea. The D&D distributorship will serve projects self-developed by D&D and potential future C&I applications in Korea. Both agreements are designed to meet growing demand in South Korea for clean electricity, particularly from fuel cells. South Korea has become a world leader in the deployment of fuel cells with approximately 300 megawatts deployed. The government has issued a Hydrogen Economy Roadmap calling for a further expansion of stationary fuel cells to 1,500 MW by 2022.
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HCSG | Hot Stocks16:23 EDT Healthcare Services increases quarterly dividend - Healthcare Services board declared a quarterly cash dividend of 19.625c per common share, payable on March 22 to shareholders of record at the close of business on February 15. This represents the 63rd consecutive quarterly cash dividend payment, as well as the 62nd consecutive increase since the initiation of quarterly cash dividend payments in 2003.
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PAA PAGP | Hot Stocks16:21 EDT Plains All American sees FY19 adjusted EBITDA of $2.75B - Compares to FY18 actual adjusted EBITDA of $2.68B. Sees FY19 Implied DCF per Common Unit and Common Equivalent Unit of $2.54, which compares to FY18 actual of $2.38.
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UNM | Hot Stocks16:19 EDT Unum Group sees FY19 operating income growth of 4%-7%
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PRTK | Hot Stocks16:17 EDT Paratek Pharmaceuticals announces commercial launch of Nuzyra in the U.S. - Paratek Pharmaceuticals announced the commercial availability of Nuzyra in the United States. Nuzyra, a modernized tetracycline, is a once-daily intravenous and oral antibiotic for the treatment of adults with community-acquired bacterial pneumonia and acute skin and skin structure infections. Paratek Pharmaceuticals has also partnered with JMI Laboratories to develop a comprehensive initiative called the Keystone that provides access to current antimicrobial surveillance susceptibility data including Nuzyra. Keystone is designed to play an essential role in monitoring the prevalence of antimicrobial resistance in the United States.
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SWKS | Hot Stocks16:15 EDT Skyworks announces $2B stock repurchase program - Skyworks Solutions, Inc. announced that its Board of Directors has authorized the repurchase of up to $2 billion of the Company's common stock from time to time prior to January 30, 2021, on the open market or in privately negotiated transactions, in compliance with applicable securities laws and other legal requirements. This newly authorized stock repurchase program replaces in its entirety the $1 billion stock repurchase program that was approved by the Board of Directors on January 31, 2018, and had approximately $129 million of repurchase authority remaining. The Company currently expects to fund the repurchase program using the Company's working capital. As of December 28, 2018, the Company had cash and marketable securities of $1.1 billion.
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DOX ATUS | Hot Stocks16:15 EDT Amdocs announces long-term partnership with Altice USA for digital, mobile - Amdocs (DOX) announced a long-term partnership to support the expansion of Altice USA's (ATUS) digital and mobile offerings. AmdocsONE will help Altice USA accelerate its expansion into the mobile market for both residential and business customers by providing the company with the opportunity to leverage platforms and solutions. These platforms include the website, mobile application, social media, self-care options and key business and operational support systems. Altice USA is also working with Amdocs projekt202's revealing reality design and development methods to deliver customer journeys in harmony with Altice's brand.
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SNAP | Hot Stocks16:13 EDT Snap reports Q4 free cash flow up $49M to ($149M) - Reports Q4 DAUs 186M vs.187M last year and 186M last quarter.
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APC | Hot Stocks16:13 EDT Anadarko reaffirms FY19 capital program of $4.3B-$4.7B
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TCS | Hot Stocks16:12 EDT Container Store reports Q4 free cash flow up $49M to ($149M) - Reports Q4 DAUs 186M vs.187M last year and 186M last quarter.
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DIS | Hot Stocks16:12 EDT Disney rises 2% following Q1 earnings report - In after-hours trading, Disney shares are up $1.94, or 1.7%, to $114.60.
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FL | Hot Stocks16:12 EDT Foot Locker announces realignment into three geographical regions - Foot Locker announced a realignment of its organizational operating model into three distinct geographical regions: Europe, Middle East and Africa, or EMEA; Asia Pacific; and North America, to better align its resources across its international businesses, and to develop an infrastructure to support an expansion plan within the Asian market. Over the past year, the Company successfully opened stores across Singapore, Hong Kong, and Malaysia, including the launch of its digital channels within each region, as well as in mainland China through a limited offering in partnership with Tmall. In December, the company also opened an Asian Headquarters in Singapore to support the business across the region.
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SEAS CCL | Hot Stocks16:12 EDT SeaWorld names Gustavo Antorcha as CEO, interim CEO named COO - SeaWorld Entertainment (SEAS) announced that it has appointed Gustavo Antorcha as Chief Executive Officer and member of its board, effective February 18, 2019. In addition, the company announced that John Reilly, who has served as Interim CEO during the CEO search process, has been appointed Chief Operating Officer. Antorcha was most recently the Chief Operating Officer of Carnival Cruise Lines, a subsidiary of Carnival Corporation (CCL).
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TENB | Hot Stocks16:11 EDT Tenable Holdings appoints Ofer Ben-David as Chief Product Officer - Tenable announced that it has appointed Ofer Ben-David as Chief Product Officer. In this role, Ben-David will lead Tenable's global engineering and product management organizations to accelerate the delivery of the next phase of Cyber Exposure solutions for managing and measuring cybersecurity risk in the digital era. Ben-David joins Tenable from Elementum, where he led engineering, including product management, technical operations, IT, security and design.
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FBNC | Hot Stocks16:10 EDT First Bancorp approves $25M shares repurchase program - First Bancorp has authorized a share repurchase program, pursuant to which the Company may purchase shares of its common stock for an aggregate repurchase price not to exceed $25M. The initial expiration of the Share Repurchase Program is set for December 31. The Share Repurchase Program does not obligate the Company to purchase any shares. The authorization for the Share Repurchase Program may be terminated by the Company's Board of Directors at any time.
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DIS | Hot Stocks16:10 EDT Disney reports Q1 Studio Entertainment revenue $1.82B vs. $2.51B last year - Studio Entertainment revenues for the quarter decreased 27% to $1.8B and segment operating income decreased 63% to $309M. Lower operating income was due to a decrease in theatrical distribution results, partially offset by growth in TV/SVOD distribution. "The decrease in theatrical distribution results was due to the strong performance of Star Wars: The Last Jedi and Thor: Ragnarok in the prior-year quarter compared to Mary Poppins Returns and The Nutcracker and the Four Realms in the current year. Other significant releases included Ralph Breaks the Internet in the current quarter, while the prior-year quarter included Coco," the company said.
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FBNC | Hot Stocks16:10 EDT First Bancorp raises dividend 20% to 12c - First Bancorp, the parent company of First Bank, has declared a cash dividend on its common stock of 12c per share payable on April 25 to shareholders of record as of March 31. The 12c dividend rate represents a 20% increase over the previous dividend rate of 10c.
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TCS | Hot Stocks16:09 EDT Container Store sees FY18 revenue at lower end of $885M-$895M - Consensus $890.7M. Sees FY18 SSS at higher end of 1.5%-2.5%.
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DIS | Hot Stocks16:09 EDT Disney reports Q1 Parks, Experiences & Consumer Products revenue $6.82B - Parks, Experiences, & Consumer Products revenues for the quarter increased 5% to $6.8B and segment operating income increased 10% to $2.2B. Operating income growth for the quarter was due to an increase at our domestic theme parks and resorts, partially offset by a decrease from licensing activities. "Operating income growth at our domestic theme parks and resorts was due to increased guest spending and higher occupied room nights. Guest spending growth was due to higher average ticket prices, an increase in food, beverage and merchandise spending and higher average hotel room rates. Operating income at our international parks and resorts was down modestly compared to the prior-year quarter as lower results at Shanghai Disney Resort and Disneyland Paris were largely offset by an increase at Hong Kong Disneyland Resort," Disney said.
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DIS | Hot Stocks16:08 EDT Disney reports Q1 Media Networks revenue $5.92B vs. $5.55B last year - Media Networks revenues for the quarter increased 7% to $5.9B and segment operating income increased 7% to $1.3B. Cable Networks revenues for the quarter increased 4% to $4.0B and operating income decreased 6% to $743M. Lower operating income was due to a decrease at ESPN and Freeform, partially offset by an increase at the Disney Channels. The decrease at ESPN was due to higher programming costs, partially offset by affiliate revenue growth and an increase in advertising revenue. The increase in programming costs was due to contractual rate increases for key sports programming and a shift in the mix of College Football Playoff games.
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FOLD | Hot Stocks16:07 EDT Amicus announces results from Phase 1/2 Pompe disease study - Amicus announced additional "positive" results from a global Phase 1/2 clinical study to investigate AT-GAA in patients with Pompe disease, an inherited lysosomal storage disorder caused by an enzyme deficiency that leads to accumulation of glycogen in cells. Patients treated with AT-GAA for up to 24 months showed improvements in six-minute walk test, or 6MWT, distance and other measures of motor function and muscle strength, stability or increases in forced vital capacity, or FVC, and durable reductions in biomarkers of muscle damage and disease substrate. These clinical results, in addition to detailed results on patient-reported outcomes, or PROs, are being featured at the WorldSymposium in a poster at the poster session. An additional poster with detailed results for the non-ambulatory cohort in the ATB200-02 study is also part of this afternoon's poster session. Six-minute walk test distance, a primary measure of motor function in Pompe disease patients, improved in both ERT-naive and ERT-switch patients with continued benefit observed out to months 21 and 24, respectively. Improvements were generally consistent across both cohorts. Non-ambulatory ERT-switch patients showed improvements in upper extremity strength from baseline to month 21, as measured by quantitative muscle testing and manual muscle testing. Pulmonary function improved in ERT-naive patients and was generally stable in ERT-switch patients. An interim analysis of patient-reported outcomes from the ATB200-02 clinical study show the benefits in activities of daily living and patient well-being in patients with Pompe disease treated with AT-GAA. Safety and tolerability data reflect a maximum of 33+ months of treatment. To date, adverse events have been generally mild and transient. AT-GAA has resulted in a low rate of infusion-associated reactions following 1,110+ infusions. The clinical pharmacokinetic profile has been consistent with previously reported preclinical data. Persistent and durable reductions in key biomarkers of muscle damage and disease substrate across all patient cohorts out to month 21/24 continue to suggest a positive effect on muscle tissue.
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DIS... | Hot Stocks16:07 EDT Disney CEO says looks forward to 'transformative year ahead' - "After a solid first quarter, with diluted EPS of $1.86, we look forward to the transformative year ahead, including the successful completion of our 21st Century Fox acquisition and the launch of our Disney+ streaming service. Building a robust direct-to-consumer business is our top priority, and we continue to invest in exceptional content and innovative technology to drive our success in this space," said Robert Iger, Chairman and CEO.
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CERN | Hot Stocks16:06 EDT Cerner plans to initiate quarterly cash dividend - Subject to declaration by the board, the company plans to initiate a quarterly cash dividend of 15c per share, with the first payment expected in Q3 of 2019. On an annualized basis, this would represent a yield of just over 1% based on the current stock price. The company believes the dividend, combined with ongoing share repurchases, will enhance shareholder value while maintaining ample resources to fund ongoing investments in growth and strategic opportunities.
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SFLY | Hot Stocks16:06 EDT Shutterfly CEO North to step down - Shutterfly announced that Christopher North, President and CEO, will be stepping down from his leadership and Director roles at the company at the end of August 2019 in order to return to the UK with his family. The board of directors has engaged an executive search firm to identify candidates to succeed North as CEO, and the process is commencing immediately. Over the 2016-2018 period, Shutterfly grew revenue from just over $1B-$2B, increased Adjusted EDITDA from $192 million to $385 million and saw free cash flow rise from $88 million to $178 million.
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SFLY | Hot Stocks16:06 EDT Shutterfly announces formation of strategic review committee - Shutterfl announced that its board has formed a Strategic Review Committee and retained Morgan Stanley as financial advisor, as it continues an ongoing review of strategic alternatives. The Strategic Review Committee is also evaluating the Company's capital structure and capital return policy. In recent months, Shutterfly was approached by a third party about the potential acquisition of the company. The company and Board subsequently engaged with several additional third parties regarding a potential acquisition of the company, but no proposals have been received.
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DIS | Hot Stocks16:05 EDT Disney reports Q1 Media Networks revenue $5.92B vs. $5.55B last year
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NBIX ABBV | Hot Stocks16:05 EDT Neurocrine expects $20M in revenue milestones under the AbbVie agreement in FY19 - Neurocrine Biosciences (NBIX) announces revenue milestones under the AbbVie (ABBV) agreement for 2019 are expected to be $20M contingent on FDA's acceptance of the NDA submission of elagolix for uterine fibroids. Ongoing SG&A and R&D expenses for 2019, excluding upfront expenses associated with the recently announced Voyager Therapeutics collaboration, should approximate $550M-$600M. The 2019 anticipated expenses include an estimated $80M of share-based compensation expense. The increase in expenses is largely attributable to the Voyager collaboration's ongoing program costs, increased investment in INGREZZA patient education, sales and marketing activities, opicapone NDA submission and increased R&D pipeline activities.
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LLL | Hot Stocks16:01 EDT L3 Technologies sells L3 Mobile-Vision to Safe Fleet - Safe Fleet announced it has acquired L3 Mobile-Vision from L3 Technologies. Financial terms of the purchase were not disclosed.
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SFLY | Hot Stocks16:00 EDT Shutterfly trading halted, news pending
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CIR LMT | Hot Stocks15:26 EDT Circor Aerospace, Lockheed Martin enter site agreement for Hellfire program - CIRCOR Aerospace, a CIRCOR International company, announced that its Aerospace & Defense New York business has entered into a site agreement with Lockheed Martin (LMT) in support of the Hellfire Missile Buy 17 Program requirements for kinetic switches and modules (FY2018 through FY2021). The estimated value over the term of the agreement exceeds $12.3M. In addition, the parties have completed negotiations on terms of the contract and production pricing.
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DISH | Hot Stocks15:16 EDT Dish announces launch of new on-demand subscription packages - Dish Network announced an expansion of its On Demand offerings by more than 7,000 titles after adding 11 a la carte on-demand packages that customers can subscribe to on a monthly basis. Starting at $2.99 per month, the new on-demand packages "enhance DISH's existing programming options by delivering catalogs of video content, including original series and documentaries from UP Faith & Family, Dove Channel, CuriosityStream and more," the company stated. On-demand subscriptions are available to DISH customers with a qualifying programming package and an internet-connected Hopper DVR, Hopper Duo, Joey or Wally. Customers can watch a free preview of this new content Feb. 4-10, the company said.
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BHGE | Hot Stocks15:11 EDT Baker Hughes says Vice Chairman Craighead won't stand for re-election - In a regulatory filing, Baker Hughes disclosed that on February 5, Martin Craighead, Vice Chairman of the board of directors of the company, notified the board that he does not intend to stand for re-election as a director of the company at the 2019 Annual Meeting of Stockholders. "The decision by Mr. Craighead not to stand for re-election is not the result of any disagreement with the company on any matter related to the company's operations, policies, or practices," the filing stated.
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BHGE GE | Hot Stocks15:09 EDT Baker Hughes, General Electric amend Master Agreement - In a regulatory filing, Baker Hughes, a GE company (BHGE) disclosed that on January 30, 2019, BHGE and General Electric (GE) entered into an amendment to the Master Agreement, which, among other things, extends until February 22, 2019, the period of time the parties have to negotiate definitive agreements in respect of the term sheets under the Master Agreement; extends until February 22, 2019, the period of time the parties have to prepare the controls tools list; and extends until July 3, 2019, the period of time the parties have to negotiate a transition services agreement pursuant to the terms set forth in the Master Agreement.
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EW | Hot Stocks15:04 EDT Edwards Lifesciences recalls Swan-Ganz Thermodilution Catheter - Edwards Lifesciences is recalling 131F7, 131F7J, 131F7P, 131VF7P, 151F7 Swan-Ganz Thermodilution Catheters manufactured December 26, 2017, to April 19, 2018 due to incorrect assembly and reversal of the catheter tubes, the FDA announced. The recall was initiated December 21, 2018, according to a post to the FDA website that noted "The FDA has identified this as a Class I recall, the most serious type of recall. Use of these devices may cause serious injuries or death." Reference Link
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TMUS S | Hot Stocks14:48 EDT T-Mobile, Sprint to locate second customer experience center in Rochester - T-Mobile US (TMUS) and Sprint (S) announced that, following the merger, the new company will locate the second of five New T-Mobile Customer Experience Centers in New York's Greater Rochester area. The customer support facility will support New T-Mobile customers and create at least 1,000 jobs in Upstate New York. The Greater Rochester area will join Overland Park, Kansas, as announced locations for new Centers, in addition to the companies' previously announced plans to expand two existing T-Mobile Centers. Once integrated, the five new Centers will extend T-Mobile's industry-leading Team of Experts customer care model to New T-Mobile customers. With TEX, customers have direct personal access to a dedicated team of specialists when they call or message for support. These cumulative efforts to enhance New T-Mobile's approach to customer care will create up to 5,600 additional American jobs by 2021, an average of 1,000 new jobs for each new Customer Experience Center. With the TEX model deployed in all New T-Mobile Customer Experience Centers, the New T-Mobile will employ 7,500 more customer care professionals in 2024 than the stand-alone companies would have employed. The completion of the combination remains subject to regulatory approvals and certain other customary closing conditions and is expected to occur during the first half of 2019.
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NTR | Hot Stocks14:46 EDT Nutrien to acquire Actagro for $340M - Nutrien announced that it has entered into a definitive agreement to purchase 100% of the equity of Actagro, LLC, a developer, manufacturer and marketer of environmentally sustainable soil and plant health products and technologies. Actagro's premier commercial portfolio includes approximately 30 specialty products that have a strong track-record of increasing crop productivity and financial returns for growers. The purchase price is $340M, including approximately $20M in working capital, and is expected to be accretive to earnings in the first year. Nutrien expects the business to generate approximately $55M in run-rate EBITDA two years after close with the realization of synergies and organic growth opportunities. Closing of the transaction is subject to U.S. regulatory approval and is expected to be completed in the first half of 2019.
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VMC | Hot Stocks14:31 EDT State Farm reports 6.04% passive stake in Vulcan Materials - In a regulatory filing, State Farm disclosed a 6.04% stake in Vulcan Materials, which represents nearly 8M shares. The filing does not allow for activism.
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R | Hot Stocks14:05 EDT Pzena Investment reports 5% passive stake in Ryder - The 2,671,612 shares of stock beneficially owned by Pzena Investment represents a 5% passive stake. This stake does not allow for activism.
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AOBC... | Hot Stocks13:51 EDT FBI reports 2.17M NICS firearm background checks in January - The FBI reported that there were 2,165,094 firearm background checks initiated through the NICS system in January 2019. This compares to 2,030,530 checks in January of 2018 and 2,543,385 in December 2018. Companies in the gun space include Sturm, Ruger (RGR), American Outdoor Brands (AOBC), and Vista Outdoor (VSTO). Reference Link
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BRQS | Hot Stocks13:49 EDT Borqs Technologies Inc trading resumes
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BRQS | Hot Stocks13:45 EDT Borqs Technologies Inc trading halted, volatility trading pause
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FCAU | Hot Stocks13:44 EDT Fiat recalls over 193,000 U.S.-market trucks for brake pedal issue - Fiat Chrysler said it is recalling an estimated 193,813 U.S.-market trucks to further secure their brake pedals while the vehicles' adjustable-pedal feature is in use. The feature - recommended for use only when the vehicle is stationary - enables a driver to adjust pedal position. It is activated by a switch and powered by an electric motor. An FCA US investigation has discovered activating the feature to move pedals to their rear-most position may, in vehicles with the defect, compromise integrity of the brake-pedal assembly, the company said in a statement. If this were to happen, the brake pedal may detach. FCA US is unaware of any related injuries or accidents, however, the company urges customers affected by this recall to refrain from using the adjustable-pedal feature until their vehicles are serviced. This recall is limited to certain model-year 2019 Ram 1500 pickups equipped with adjustable pedals. The company today also announced that its recalling an estimated 573,876 heavy-duty trucks in the U.S. to address a potential steering-linkage issue. Reference Link
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FCAU | Hot Stocks13:38 EDT Fiat Chrysler recalls over 570,000 heavy-duty trucks in U.S. for steering issue - Fiat Chrysler announced that its recalling an estimated 573,876 heavy-duty trucks in the U.S. to address a potential steering-linkage issue. An FCA US investigation discovered a specific steering-linkage configuration on certain vehicles may separate over time, the company said in a statement. If this were to occur, the driver may experience steering loss. The company is aware of one potentially related injury and eight potentially related accidents. The recall population is limited to model-year 2013-2017 Ram 3500 pickups and model-year 2014-2017 Ram 2500 pickups and 3500 chassis cabs. Reference Link
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MCFT | Hot Stocks13:33 EDT MasterCraft Boat Holdings expands into day boat category with Aviara - MasterCraft Boat Holdings expands into the day boat category with announcement of its newest brand, Aviara. Following a calculated study of the market and successful collaboration between the company's executive leadership, engineering, manufacturing and brand building teams, Aviara was uniquely conceived in-house to offer a totally new luxury recreational day boat experience. Focused on the production of vessels 30-feet and over, Aviara enters the market with the launch of its first model, the AV32, at the 2019 Miami International Boat Show in February.
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CROX | Hot Stocks13:30 EDT Crocs to relocate global headquarters to Broomfield, Colorado in 2020 - Crocs announced that it will relocate its corporate headquarters in 2020, from Niwot, Colo., to Broomfield, Colo. The move is part of the company's strategy for long-term, sustainable growth, including employee retention and recruitment.
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RKDA | Hot Stocks13:25 EDT Hudson Bay Capital reports 9.99% passive stake in Arcadia Biosciences - In a regulatory filing, Hudson Bay Capital disclosed a 9.99% stake in Arcadia Biosciences, represents 529,957 shares of common stock issuable upon exercise of warrants. The filing does not allow for activism.
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MDR | Hot Stocks13:19 EDT McDermott, Chiyoda, Zachary Group awarded Golden Pass LNG export project - McDermott International (MDR), along with its joint venture partners Chiyoda International Corporation and Zachry Group, announced that they have been awarded a mega contract by Golden Pass Products LLC, a joint venture between Qatar Petroleum and ExxonMobil (XOM) affiliates, to build the export project in Sabine Pass, Texas. McDermott, Chiyoda and Zachry Group will perform engineering, procurement, construction and commissioning of three approximately 5.2 million ton per annum LNG trains with an expected production capacity of around 16 million tons of LNG per year. Work will commence in the first quarter of 2019 with a projected completion date in 2024. The contract award will be reflected in McDermott's first quarter 2019 backlog.
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ADM | Hot Stocks13:13 EDT State Farm reports 6.09% passive stake in Archer Daniels - In a regulatory filing, State Farm disclosed a 6.09% stake in Archer Daniels, which represents roughly 34M shares. The filing does not allow for activism.
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UN UL | Hot Stocks13:07 EDT Unilever acquires UK healthy snacking brand Graze - Unilever announced it has acquired the holding company of graze, a UK healthy snacking brand. "With a broad portfolio of healthy snack products, graze accelerates Unilever's presence in the fast-growing healthy snacking and out of home markets," the company stated. Terms of the transaction were not disclosed.
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ENBL | Hot Stocks13:05 EDT Enable Midstream says Golden Pass affiliate is cornerstone shipper for project - Enable Midstream Partners announced that an affiliate of Golden Pass LNG is the cornerstone shipper for the company's Gulf Run Pipeline project. Golden Pass is a joint venture between affiliates of Qatar Petroleum and ExxonMobil. Earlier today, Golden Pass announced it had made a positive final investment decision on a $10B infrastructure investment to add liquification and export capabilities to its existing liquefied natural gas, LNG, facility in Sabine Pass, Texas, which will be served by the Gulf Run Pipeline project. "We are excited to partner with a top-tier customer such as Golden Pass," said Enable Midstream president and CEO Rod Sailor. "Qatar Petroleum and ExxonMobil are proven global leaders in producing, shipping and marketing natural gas worldwide, and we look forward to providing Golden Pass unrivaled market access to diverse natural gas supply sources." "Our agreement with Enable is a key component in securing transportation for our export facility's natural gas supply," said Sean Ryan, president of Golden Pass LNG. "Golden Pass looks forward to a long-term relationship with Enable as we progress with our LNG export facility."
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TGI... | Hot Stocks12:54 EDT Triumph selected by 'major U.S. airline' for key MRO work - Triumph Group (TGI) announced that its Product Support business unit was selected by a "major U.S. airline" to provide maintenance, repair and overhaul services on heat transfer units for the carrier's fleet. Under the new arrangement, the Wellington, Kansas based Triumph Accessory Services business will provide heat exchanger maintenance and repair support for the airline's entire fleet of Airbus (EADSY) and Boeing (BA) aircraft. Reflecting our experience as a long-time MRO supplier to the regional aircraft market, this new win marks a key contract from a major U.S. airline for heat transfer products. The airline noted Triumph's favorable pricing structure and its ability to provide a high level of customer service to their global operations as the determining factors of the selection.
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TDY ROP | Hot Stocks12:50 EDT Teledyne completes acquisition of Roper's Scientific Imaging businesses - Teledyne Technologies (TDY) and Roper Technologies (ROP) jointly announced the successful completion of the previously announced acquisition by Teledyne of the Scientific Imaging businesses of Roper for $225M in cash. The Scientific Imaging businesses include Princeton Instruments, Photometrics and Lumenera, as well as other brands.
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PULM | Hot Stocks12:48 EDT Pulmatrix announces 1-for-10 reverse split of its common stock - Pulmatrix announced a 1-for-10 reverse split of its common stock, effective as of 5:00 pm Eastern Time, February 5. Beginning on February 6, the Company's common stock will trade on the NASDAQ Capital Market on a split adjusted basis. At the Company's 2018 annual meeting of stockholders on June 5, the Company's stockholders authorized the Board of Directors, in its discretion but prior to the annual meeting of our stockholders in 2019, to amend the Amended and Restated Certificate of Incorporation of the Company to effect a reverse stock split at a ratio in the range of 1-for-4 to 1-for-10. Upon effectiveness, the reverse stock split will cause a reduction in the number of shares of common stock outstanding and issuable upon the conversion of the Company's outstanding shares of preferred stock and the exercise of its outstanding stock options and warrants in proportion to the ratio of the reverse stock split and will cause a proportionate increase in the conversion and exercise prices of such preferred stock, stock options and warrants. The number of shares of common stock issuable upon exercise or vesting of outstanding stock options and warrants will be rounded up to the nearest whole share.
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GLUU | Hot Stocks12:41 EDT Glu Mobile in development for next generation Deer Hunter franchise - Glu Mobile announced it is developing the next generation of the company's successful Deer Hunter franchise. The game is currently being developed by the same studio behind Glu's Tap Sports Baseball franchise, the #1 Top Grossing baseball game on mobile. The upcoming mobile shooter looks to build upon the success of previous Deer Hunter titles which have generated more than a quarter billion downloads since Glu acquired the IP in 2012. With the addition of high fidelity graphics as well as brand new social and competitive features to deepen player engagement and drive community - the new title aims to offer the most immersive and authentic hunting experience on mobile. "The game will incorporate updated graphics and animations, more opportunities for player progression and collection, and a deeper meta layer alongside an existing and proven game mechanic that our fans love," said Glu CEO Nick Earl. "We're looking forward to pairing Deer Hunter's download potential with a more exciting, deeper and realistic experience for our players." Currently slated to be released in beta in late 2019, Glu will provide additional information on the game's development and worldwide launch at a later date.
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UFI | Hot Stocks12:36 EDT Unifi Asia Pacific, Kipas Mensucat enter into strategic agreement for Repreve - Unifi Asia Pacific announced that it has entered into a strategic commercial agreement with Kipas Mensucat Isletmeleri A.S. for the supply of REPREVE staple fibers into the Republic of Turkey. REPREVE staple fibers will be available from KIPAS in a variety of specifications including raw white and dope dyed as well as a range of deniers and staple lengths, allowing for quick access to quality REPREVE spun yarns in Turkey.
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FIT | Hot Stocks12:21 EDT Fitbit higher after TechnoBuffalo reveals look at next gen smartwatch - Shares of Fitbit are moving higher a day after website TechnoBuffalo issued a first look at the next version of the company's smartwatch. Shares of Fitbit are up 3% in midday trading, or 21c, to $6.38. Fitbit's next generation smartwatch, which looks very similar to the original Fitbit Versa and could be the Fitbit Versa 2, will be available in four colors: silver, rose pink, purple and cyan blue, Nirave Gondhia of TechnoBuffalo reported yesterday. The writer, while admitting he does not have confirmed specs of the next gen watch, added that he doesn't expect major improvements over the original Versa. There has been heavy call buying today in Fitbit according to The Fly's option analysts. Reference Link
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XOM | Hot Stocks12:17 EDT Exxon Mobil, Qatar Petroleum to proceed with Golden Pass LNG export project - ExxonMobil and partner Qatar Petroleum said they have made a final investment decision to proceed with development of the Golden Pass LNG export project located in Sabine Pass, Texas. Construction will begin in the first quarter of 2019 and the facility is expected to start up in 2024. Working interests in the Golden Pass LNG export project are 70% Qatar Petroleum and 30% ExxonMobil. The $10B+ liquefaction project will have capacity to produce around 16 million tons of LNG per year, Exxon said. "It is expected to create about 9,000 jobs over the five-year construction period and more than 200 permanent jobs during operations. Preliminary estimates by an independent study indicate the project could generate up to $31B in U.S. economic gains and more than $4.6B in direct federal, state and local tax revenues over the life of the project," the company added. Darren Woods, chairman and CEO of Exxon Mobil, stated: "Golden Pass will provide an increased, reliable, long-term supply of liquefied natural gas to global gas markets, stimulate local growth and create thousands of jobs. The extensive experience of ExxonMobil and Qatar Petroleum provides the expertise, resources and financial strength needed to construct and operate an integrated liquefaction and export facility in the United States."
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XOM | Hot Stocks12:15 EDT Exxon Mobil, Qatar Petroleum to proceed with Golden Pass LNG export project
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OTTR | Hot Stocks12:13 EDT Otter Tail raises quarterly dividend by 4.5% to 35c per share - Otter Tail announced the board increased the company's quarterly common stock dividend to 35c per share. The increase brings the annual indicated dividend rate to $1.40 per share, a 6c increase over the 2018 rate. The dividend is payable on March 9, to shareholders of record on February 15. This 4.5% increase demonstrates our strong commitment to our shareholders and shows the confidence the board of directors has in our ability to deliver sustainable earnings and cash flows.
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XRX | Hot Stocks12:09 EDT Xerox sees cumulative free cash flow of more than $3B over next three years - Xerox sees cumulative free cash flow in excess of $3B over the next three years. Xerox also sees delivering greater than 50% of free cash flow back to shareholders through dividends and share repurchases in each of the next three years. These comments were taken from Xerox's Investor Day event, where the company laid out its three-year strategy plan.
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XRX | Hot Stocks12:07 EDT Xerox sees adjusted operating margin expansion over next three years - Xerox sees adjusted operating margin expansion of more than 200 basis points over the next three years. This comment was taken from Xerox's Investor Day event, where the company laid out its three-year strategy plan.
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MAT | Hot Stocks12:07 EDT Fisher-Price recalls children's Power Wheels Barbie Campers - This recall involves children's Power Wheels Barbie Dream Campers with model number FRC29 with a grey foot pedal. The recalled ride-on vehicles are hot pink with blue accents and have the Barbie logo printed on the back. They are battery-operated and have a play kitchen, a fold out grill and pretend campfire. The model number is printed on a label under the hood. Fisher-Price has been a subsidiary of Mattel since 1993. Reference Link
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APLS | Hot Stocks12:04 EDT Apellis receives orphan drug designation for C3 complement inhibitor APL-2 - Apellis Pharmaceutical announced that its C3 complement inhibitor, APL-2, has been granted orphan drug designation by the U.S. Food and Drug Administration for the treatment of autoimmune hemolytic anemia. AIHA refers to both cold agglutinin disease and warm autoimmune hemolytic anemia. Both rare autoimmune disorders are caused by pathogenic Immunoglobulin G antibodies that react with RBC and can activate the complement system leading to the premature destruction of red blood cells. Both diseases are characterized by potentially life-threatening anemia and other acute complications. There are an estimated 10,000 CAD patients and 30,000 plus wAIHA patients across the United States and Europe. C3+ wAIHA has been estimated to represent as much as two thirds of the total wAIHA population. There are currently no approved treatments for CAD or wAIHA. By targeting C3, the protein at the center of the entire complement system, Apellis believes APL-2 has the potential to eliminate the excessive and inappropriate C3 activation that is central to AIHA, thereby protecting the cells against complement-mediated intra- and extravascular destruction more completely than other approaches with more limited effects on the complement system. Apellis is currently conducting a Phase 2 trial of APL-2 in and open-label trial assessing the safety, tolerability, efficacy, and PK of multiple subcutaneous doses of APL-2 administered daily in patients with warm autoimmune hemolytic anemia or cold agglutinin disease.
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CHD | Hot Stocks12:00 EDT Church & Dwight falls -7.9% - Church & Dwight is down -7.9%, or -$5.18 to $60.19.
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STON | Hot Stocks12:00 EDT StoneMor Partners falls -10.4% - StoneMor Partners is down -10.4%, or -35c to $3.03.
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HAE | Hot Stocks12:00 EDT Haemonetics falls -11.2% - Haemonetics is down -11.2%, or -$10.87 to $86.30.
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EL | Hot Stocks12:00 EDT Estee Lauder rises 12.7% - Estee Lauder is up 12.7%, or $17.32 to $153.49.
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MHO | Hot Stocks12:00 EDT M/I Homes rises 13.3% - M/I Homes is up 13.3%, or $3.44 to $29.22.
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MLI | Hot Stocks12:00 EDT Mueller Industries rises 13.6% - Mueller Industries is up 13.6%, or $3.67 to $30.61.
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FB | Hot Stocks11:52 EDT Facebook Messenger now gives 10 minutes to remove message - In an earlier blog post from Anna Iskikian, Product Manager, Facebook Messenger, said "Have you ever accidentally sent a message to the wrong group of friends, mistyped something, or simply wanted to remove a message in a chat? You're not the only one! Starting today, we are launching a feature where you can easily remove your message on Messenger - whether it's to one person or a group...As always, you can report conversations that violate our Community Standards. The remove message for everyone feature is available for Messenger users around the world on the latest versions of iOS and Android." Reference Link
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FSV | Hot Stocks11:47 EDT FirstService raises quarterly cash dividend 11% to 15c per share - FirstService Corporation announced that its Board of Directors has approved an 11% increase in the quarterly cash dividend on the outstanding Subordinate Voting Shares and Multiple Voting Shares of the company over the previous 13.5c per Common Share and declared a quarterly dividend of 15c per Common Share. The dividend is payable on April 5, 2019 to holders of Common Shares of record at the close of business on March 29, 2019.
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CORT | Hot Stocks11:43 EDT Corcept distributes white paper disputing 'speculator' claims - In a regulatory filing, Corcept Therapeutics reported that it is disseminating a white paper entitled "Some Important Facts about Corcept, Physicians and Patients." The white paper states in part: "Our FDA-approved medication, Korlym, has saved the lives of some patients and greatly improved the health of many more. Our increasingly successful commercial activities, which adhere to the highest ethical standards, fund the development of drug candidates that may benefit patients suffering from cancers and metabolic diseases that currently have no good treatments. That is the long and the short of it. Or so it should be. Unfortunately, Corcept's success has attracted speculators who seek to enrich themselves by driving down the price of our stock. These people are not interested in the truth. They use partial and incorrect data to imply, without any basis in truth, that Korlym is dangerous and physicians only prescribe it because we pay them. This is offensive nonsense...Speculators wrongly claim that there are not enough patients with Cushing's syndrome to account for our revenue - and so we must be selling for inappropriate, unapproved uses, such as the prevention of weight gain. In fact, there at least 10,000 patients in the United States - and according to recent reports in scientific journals, probably several times more than 10,000 patients - in need of medical therapy for the disease...Speculators wrongly claim that Korlym is not effective and the FDA should not have approved it. In fact, the results of Korlym's pivotal trial were clearly positive, which is why the FDA approved it promptly and without soliciting advice from an advisory committee of third-party experts...Speculators wrongly claim, based on a misrepresentation of government prescription and Sunshine Act payment data, that we pay doctors to prescribe Korlym. In fact, we do not...Speculators wrongly claim that Korlym is causing the death of a large and growing number of patients. In fact, it is not. Unfortunately, patients with Cushing's syndrome are very ill, and many of them pass away. We are not aware of any instances where Korlym is the cause."
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MA | Hot Stocks11:22 EDT MasterCard names Paul Stoddart president of New Payment Platforms - Mastercard announced the appointment of Paul Stoddart as president, New Payment Platforms, effective March 1, 2019. Stoddart succeeds David Yates, who will transition into a senior advisory role focused on real-time national and cross-border payments strategies. In this role, Stoddart will oversee the development and strategic integration of Mastercard's real-time payments capabilities beyond traditional card-based solutions. In 2017, Stoddart was named CEO of Vocalink following the company's acquisition by Mastercard.
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AON | Hot Stocks11:21 EDT Aon, Claim Central form strategic alliance for claim management capabilities - Aon and Claim Central have established a strategic alliance focused on digitizing and streamlining claim management capabilities and enhancing the customer experience using transformative technology and services developed specifically for property and casualty insurance organizations. Claim Central's technology digitizes the property claims process with modern features and functionality, including live video streaming, aerial imagery, real-time chat, customer sentiment measures, and digital payments. Claim Central is also opening an Innovation Center in Jacksonville, Florida which will further support this alliance by taking the heavy lifting of technology implementations out of the equation to enhance Aon's re/insurer clients' claims processes.
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BA | Hot Stocks11:18 EDT Boeing invests in supersonic aircraft developer Aerion - Boeing announced a partnership with Aerion, a Reno, Nev.-based company pioneering next-generation supersonic aircraft. As part of the agreement, Boeing made a significant investment in Aerion to accelerate technology development and aircraft design, and unlock supersonic air travel for new markets. Terms of the deal were not disclosed. Boeing will provide engineering, manufacturing and flight test resources, as well as strategic vertical content, to bring Aerion's AS2 supersonic business jet to market. The AS2 is designed to fly at speeds up to Mach 1.4 or approximately 1,000 miles per hour. With the ability to fly up to 70% faster than today's business jets, the AS2 will save approximately three hours on a transatlantic flight while meeting environmental performance requirements. The aircraft is slated for first flight in 2023. Founded in 2003 to develop new, more efficient aerodynamic technologies for supersonic aircraft, Aerion introduced its AS2 12-passenger business jet design in 2014. The company unveiled the AS2's GE Affinity engine design in 2018.
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EXC | Hot Stocks11:10 EDT Exelon raises dividend to 36.25c from 34.5c per share - The board of directors of Exelon declared a regular quarterly dividend of 36.25c per share on Exelon's common stock. The dividend is payable on March 8 to shareholders of record of Exelon as of 5 p.m. New York time on Feb. 20. The dividend is up from the company's prior payment of 34.5c per share.
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OVID | Hot Stocks11:05 EDT Ovid Therapeutics granted patent for methods of treating Prader-Willi syndrome - The USPTO website references a patent from Ovid Therapeutics for "a method of treating Prader-Willi syndrome comprising administering to a patient in need thereof a pharmaceutical composition comprising an effective amount of from 0.01 mg to 1500 mg captodiamine or a pharmaceutically acceptable salt thereof wherein the composition provides improvement in hypotonia." Reference Link
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AMRS | Hot Stocks10:44 EDT Amyris soars 48% after announcing $255M cannabinoid partnership - Amyris announced earlier that it has signed a binding term sheet for a planned cannabinoid development, licensing and commercialization partnership valued at up to $255M, which it notes does not include royalties once the products are commercialized, with a "confidential partner."The $255M in payments include an "upfront payment and the remainder are linked to milestones that are expected over the next 12-36 months following the signing of a definitive final agreement," Amyris said in a statement. It added, "Amyris has a successful track record of leveraging its unique technology platform to scale No Compromise sustainable products and successfully bring them to commercialization. In addition to lab-based milestone payments, this agreement also provides for significant milestone payments for commercially scaling each product." John Melo, Amyris President and CEO, said, "We are pleased to have been recognized by a well-capitalized partner as the company best suited to leverage fermentation-based technology in the production of the best quality and lowest cost and sustainably-produced cannabinoids. The dollar value of this agreement and our roster of partners who are leaders in global markets combines to be a strong endorsement of our technology platform and ability to bring No Compromise, sustainably-produced products to market. We share the mission of our partners to become the leader in sustainably-sourced CBD products in the near term as we focus on enabling the global beverage and skin care markets, including our own brands, to support the health and wellness of people and our planet." Shares of Amyris are soaring 48%, or $1.50, to $4.66 in morning trading.
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GE | Hot Stocks10:38 EDT General Electric fined $57M by France for failing to meet jobs goal - The French Ministry for the Economy and Finance said it will fine General Electric $57M for creating fewer than 3% of the jobs it had promised as a condition for receiving approval to acquire Alstom SA's energy business. GE has created 25 net jobs instead of the 1,000 targeted since the takeover of Alstom's energy business, the Finance Ministry said in statement. Reference Link
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CORT | Hot Stocks10:31 EDT Corcept Therapeutics mentioned cautiously at Blue Orca Capital
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BMY | Hot Stocks10:28 EDT Starboard CEO says 'not going to discuss Bristol-Myers' - Starboard Value CEO Jeff Smith, asked if he owns shares of Bristol-Myers, said he "will not discuss Bristol-Myers" during his current interview on CNBC, though he is "interested in the story" at Bristol-Myers. Smith also would not answer if he has made nominations to the board of Bristol-Myers.
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PZZA DRI | Hot Stocks10:24 EDT Starboard's Smith says Papa John's situation 'really similar' to Darden - Asked about whether his new investment in Papa John's is similar to his prior involvement with Darden, Jeff Smith replied that the situations are "really similar," and went on to discuss the turnaround of the Olive Garden brand following his getting involved. Smith and Papa John's CEO Steve Ritchie continue being interviewed on CNBC.
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PZZA | Hot Stocks10:21 EDT Papa John's CEO: Starboard stake lets company focus on 'what's most important' - Ritchie and Smith both discussed the company's renewed focus on talking about the company's product quality. Papa John's CEO Steve Ritchie and Starboard Value CEO Jeff Smith are being interviewed on CNBC.
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GSK MKGAY | Hot Stocks10:08 EDT GSK, Merck KGaA partner to jointly develop cancer treatment M7824 - GlaxoSmithKline (GSK) and Germany's Merck KGaA (MKGAY) announced that they have entered into a global strategic alliance to jointly develop and commercialize M7824, or bintrafusp alfa. M7824 is an investigational bifunctional fusion protein immunotherapy that is currently in clinical development, including potential registration studies, for multiple cancers. This includes a Phase II trial to investigate M7824 compared with pembrolizumab as a first-line treatment in patients with PD-L1 expressing advanced non-small cell lung cancer. Merck KGaA will receive an upfront payment of EUR 300M and is eligible for potential development milestone payments of up to EUR 500M triggered by data from the M7824 lung cancer program. Merck KGaA will also be eligible for further payments upon successfully achieving future approval and commercial milestones of up to EUR 2.9B The total potential deal value is up to EUR 3.7B. Both companies will jointly conduct development and commercialization with all profits and costs from the collaboration being shared equally on a global basis. "For GSK, this alliance is a further step in the company's priority to strengthen its pharmaceuticals pipeline. This follows the company's recent acquisition of TESARO, an oncology-focused company based in Waltham, Massachusetts. GSK's approach to oncology is focused on innovation in the areas of immuno-oncology, cell therapy, cancer epigenetics and, most recently, genetic medicine," the company said in a statement.
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CBT | Hot Stocks10:00 EDT Cabot falls -7.6% - Cabot is down -7.6%, or -$3.66 to $44.43.
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SSD | Hot Stocks10:00 EDT Simpson Manufacturing falls -8.0% - Simpson Manufacturing is down -8.0%, or -$4.86 to $56.08.
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HAE | Hot Stocks10:00 EDT Haemonetics falls -10.3% - Haemonetics is down -10.3%, or -$9.98 to $87.19.
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EL | Hot Stocks10:00 EDT Estee Lauder rises 11.3% - Estee Lauder is up 11.3%, or $15.35 to $151.52.
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AGX | Hot Stocks10:00 EDT Argan rises 11.4% - Argan is up 11.4%, or $4.73 to $46.35.
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MLI | Hot Stocks10:00 EDT Mueller Industries rises 12.2% - Mueller Industries is up 12.2%, or $3.30 to $30.24.
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IT | Hot Stocks09:47 EDT Gartner falls -9.9% - Gartner is down -9.9%, or -$14.13 to $129.12.
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BZH | Hot Stocks09:47 EDT Beazer Homes falls -10.9% - Beazer Homes is down -10.9%, or -$1.42 to $11.62.
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SXC | Hot Stocks09:47 EDT SunCoke Energy falls -12.2% - SunCoke Energy is down -12.2%, or -$1.33 to $9.60.
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OLN | Hot Stocks09:47 EDT Olin rises 7.5% - Olin is up 7.5%, or $1.80 to $25.86.
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EL | Hot Stocks09:47 EDT Estee Lauder rises 9.6% - Estee Lauder is up 9.6%, or $13.07 to $149.24.
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AGX | Hot Stocks09:47 EDT Argan rises 10.4% - Argan is up 10.4%, or $4.32 to $45.94.
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RL | Hot Stocks09:33 EDT Ralph Lauren says 'intensley focused' on driving operating efficiencies - Says teams are intensely focused on driving operating efficiencies across the company's businesses. Says significantly reducing New York office footprint. Says encouraged by strong performance across total digital ecosystem. Says expects continued comp growth in Asia. Says balance sheet is "strong". Says will continue to opportunistically buy back stock. Says inventory was up 11% at the end of the quarter. Says utilizing significantly less air freight this year. Says remains "comfortable" with inventory. Expects to continuing reducing inventories in 2019. Says expects slight decline in North America and positive growth in international businesses. Expects 2019 operating margin to be up 60bps in constant currency. Says operating margin for Q4 is expected to be up 70bps compared to last year. Sees FY19 tax rate at 21%, sees Q4 tax rate 16%-17%. Says continues to monitor trade environment closely, says teams are prepared for multiple scenarios. Says remains confident in full year outlook.
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AXP | Hot Stocks09:32 EDT American Express, Bill.com announce Vendor Pay in strategic agreement - American Express and Bill.com announced a strategic partnership with a new offering: American Express "Vendor Pay" by Bill.com. The companies said: "Vendor Pay couples automating your accounts payable (AP) process with the ability for businesses to seamlessly pay vendors with their American Express(R) Business or Corporate Card, without the hassle of setting up a new Card account." In addition to partnering with Bill.com to create Vendor Pay, American Express' corporate venture capital arm, Amex Ventures, is a long-time financial investor in Bill.com.
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TYL | Hot Stocks09:30 EDT Franklin County, Ohio signs contract with Tyler Technologies - Tyler Technologies announced that it has signed an agreement valued at more than $5M under which Franklin County, Ohio, will use CLT Appraisal Services for its triennial property appraisal. The three-year contract will include new construction appraisals, as well as a state-mandated triennial update to review and adjust values to homes. Over the course of the three-year appraisal process, Tyler Technologies will help Franklin County collect and verify property data to bring base values up to date for fair and equitable taxation.
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AGN | Hot Stocks09:20 EDT Appaloosa urges Allergan to separate Chair and CEO, address 'underperformance' - Appaloosa announced that it sent a letter to Allergan's board of directors urging them to separate the roles of Chairman and CEO and "take meaningful steps to address Allergan's chronic underperformance." In the letter, Appaloosa President David Tepper stated in part: "Appaloosa first asked the Board to separate the roles of Chairman and CEO in a letter dated April 23, 2018, and in subsequent letters on May 7, 2018 and June 5, 2018. Our reasons at the time stemmed from both sound policy and issues that were particular to AGN. We believed that the introduction of a seasoned independent Chairman with extensive pharmaceutical experience could exert a favorable influence on executive decision-making, the record for which has been fraught with ill-considered initiatives and self-inflicted wounds for several years now. AGN's moribund corporate performance and flagging stock price since our letters only deepens our conviction on this point. AGN's refusal to embrace an emerging benchmark for sound governance in the face of strong shareholder support marks the Company as an outlier. In the wake of last Tuesday's earnings call (and market reaction) it should by now be readily apparent to all interested and responsible parties that Allergan requires a fresh approach to its business strategy and an unbiased review of its capabilities, opportunities, and way forward...Of course, fully arresting AGN's decline will require rigorous follow-through and likely more radical remediation measures to be taken by this Board."
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AGN | Hot Stocks09:17 EDT Appaloosa urges Allergan board to separate Chairman, CEO role
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RL | Hot Stocks09:16 EDT Ralph Lauren 'remains on track' to achieve full year plans - Says remains on track to achieve plans for the full year. Says Palace collection sold out in an under an hour online. Says continued to leverage use of celebrities and influencers across pop culture and sports. Says strong topline performance was driven by core products. Says continuing to develop high-potential underdeveloped categories. Says continued to build on customization programs. Says denim, outerwear, wear-to-work, footwear and fragrance categories have significant growth potential. Says focused on building a compelling company ecosystem in key cities. Says continued to drive strong growth in China during the quarter. Says taking a disciplined approach to new store openings in China. Says digital business in China continues to expand. Sees strong momentum in distribution with positive brand exposure over Singles Day. Says actively monitoring macro environment in Europe and will continue to take a cautious approach to store openings. Says continued to improved efficiency. Says will continue to relentlessly focus on excellent execution. Comments taken from Q3 earnings conference call.
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MKGI | Hot Stocks09:11 EDT Monaker Group receives $700,000 in credit from chairman Donald Monaco - Monaker Group reported it has received a $700,000 working capital line of credit from the company's chairman, Donald Monaco, of which the company has received $150,000. The line can be accessed by the company at any time over the next 12 months with the approval of Monaco and is anticipated to be used for general working capital.
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UCBI | Hot Stocks09:07 EDT United Community Banks to acquire First Madison Bank & Trust - United Community Banks and First Madison Bank & Trust announced a definitive agreement for United to acquire First Madison in an all-cash transaction. The transaction has been unanimously approved by the board of each company and is expected to close in Q2. First Madison operates four banking offices, all of which are located in the Athens-Clarke County, Georgia MSA. The merger will expand United's presence into one of Georgia's fastest-growing market areas and is a geographic extension of its existing footprint. Additionally, the merger will offer convenience for customers of both banks and allow United to offer its expanded product line to First Madison's customers. Under the merger agreement, First Madison shareholders will receive aggregate merger consideration consisting of $52M in cash. The transaction is expected to be approximately 2% dilutive to United's tangible book value per share, including one-time transaction costs. Additionally, it is expected to be slightly accretive to United's fully diluted earnings per share for its partial year contribution in 2019, excluding one-time transaction costs, and 5c per share accretive in 2020. First Madison will merge into United Community Bank and operate under its brand. At December 31, 2018, First Madison had $258M in assets, $202M in loans, and $213M in deposits, of which nearly two-thirds are non-CD core deposits. Completion of the transaction is subject to customary closing conditions, including the receipt of required regulatory approvals and the approval of First Madison's shareholders.
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PG | Hot Stocks09:07 EDT Procter & Gamble acquires This Is L. - Procter & Gamble announced its acquisition of This Is L., owner of L. products, to meet growing consumer demands for period products in the naturals segment. Its portfolio primarily includes beautifully designed, high quality tampons, pads, liners and wipes made with organic cotton. This acquisition will grow P&G's Feminine Care business in the naturals segment and accelerate growth for L. products while continuing to support women and girls together.
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PINC BAX | Hot Stocks09:05 EDT Premier's ProvideGx, Baxter collaborate to address drug shortages - ProvideGx, a subsidiary of Premier (PINC) is collaborating with Baxter Healthcare Corporation (BAX) to make additional generic drugs available for purchase through Premier's group purchasing organization. Drug shortages have been on the rise for several years, with an estimated 210 drugs currently at risk or not readily available for U.S. hospitals, according to the national database maintained by the American Society of Health System Pharmacists. With wide-ranging effects on patient care, drug shortages can add time and expense as providers search for therapeutic alternatives and manage supplies, potentially delaying certain elective surgeries. Premier and Baxter are collaborating to supply metoprolol injection, a life-saving blood pressure medication often used to treat patients experiencing hypertensive emergencies, such as heart attacks. Baxter is adding metoprolol injection to its growing portfolio of generic medicines that are essential to hospital care. Metoprolol, which has been subject to shortages since 2016, will be available for purchase by any health system or healthcare provider at competitive price points. Guided by Premier's member health systems and National Pharmacy Committee, representing more than 1,000 hospitals across the nation, ProvideGx plans to introduce drugs from a target list of more than 60 shortage products in months to come, beginning with sterile generic injectables, a category that is particularly susceptible to shortages. The financial terms of Premier's deal with Baxter were not disclosed. Revenues from the partnership are not expected to materially impact Premier FY 2019 results. Baxter previously received FDA approval for metoprolol injection.
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AYX | Hot Stocks09:04 EDT Alteryx and H2O.ai announce collaboration - H2O.ai announced a strategic collaboration with Alteryx, that will integrate H2O.ai's enterprise automatic machine learning platform, H2O Driverless AI, with the Alteryx Platform. This new integration, announced at H2O World San Francisco and discussed during a fireside chat between Alteryx CEO, Dean Stoecker and Sri Ambati, CEO and founder at H2O.ai, enables users of both platforms to simplify and operationalize their end-to-end data science workflows - from data acquisition and prep and blend, to advanced predictive modeling and machine learning, to model deployment
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VIA VIAB | Hot Stocks09:03 EDT Viacom sees FY EPS growth 'incrementally faster' than adjusted OI growth
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PEGA | Hot Stocks09:02 EDT Pegasystems acquires assets of Infruid Labs - Pegasystems announced the asset purchase of Infruid Labs, a business analytics and data visualization software company. This acquisition brings a consumer-grade user interface and enterprise-class capabilities to Pega solutions that enable users to easily visualize and better understand their Pega application data to improve decision making.
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GOOGL... | Hot Stocks09:02 EDT Fly Intel: Pre-market Movers - UP AFTER EARNINGS: Estee Lauder (EL), up 10%... Viacom (VIAB), up 1%... Centene (CNC), up 6%... BP (BP), up 3%. ALSO HIGHER: Regenxbio (RGNX), up 8% after being upgraded to Strong Buy from Outperform at Raymond James. DOWN AFTER EARNINGS: Archer Daniels (ADM), down 2.5%... Church & Dwight (CHD), down 6%... Alphabet Class A (GOOG), down 1.5%. ALSO LOWER: CeturyLink (CTL), down 4% after Citi analyst Michael Rollins downgraded the stock to Sell from Neutral and cut his price target for the shares to $11 from $19. The analyst expects headwinds on revenue and cash flow, a possible dividend cut, and the likelihood for capex upgrades to lead to further multiple contraction... AMD (AMD), down 3% after 34.9M share spot secondary offering of shares by Abu Dhabi's Mubadala priced at $23.65 per share.
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OSPN | Hot Stocks09:00 EDT Ancora Advisors urges OneSpan to pursue sale of company - Ancora Advisors announced that they have sent a letter to the Board of Directors of OneSpan. In the letter, Ancora states they believe the transition from hardware to software has obscured the real growth of the company's software assets which has caused the market to severely undervalue OneSpan's software business. In light of the numerous risks associated with these types of business transitions, Ancora strongly urges the Board to immediately explore strategic alternatives for the entire company and/or a sale of the Sign business, as either of those outcomes represent far better risk-adjusted options to maximize value for shareholders than OneSpan's current strategic plan. Reference Link
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DSX | Hot Stocks08:56 EDT Diana Shipping announces time charter contract for m/v Danae with Phaethon - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Danae. The gross charter rate is $8,100 per day, minus a 5% commission paid to third parties, for a period of minimum eleven months to maximum fourteen months. The charter is expected to commence later today. The "Danae" is a 75,106 dwt Panamax dry bulk vessel built in 2001. This employment is anticipated to generate approximately $2.67M of gross revenue for the minimum scheduled period of the time charter.
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AGX GE | Hot Stocks08:53 EDT Argan's Gemma enters into EPC contract with Guernsey Power Station - Argan (AGX) announced that on January 31, 2019, its wholly owned subsidiary, Gemma Power Systems, entered into an engineering, procurement and construction services contract with Guernsey Power Station to construct a 1,875 MW natural gas-fired power plant in Guernsey County, Ohio. Construction for the facility is scheduled to begin in the spring with completion scheduled in 2022. The power trains for the facility are provided by General Electric Company (GE) and utilize single shaft 7HA.02 gas turbines. A limited notice to proceed has been issued to Gemma to begin preliminary design and site preparation activities. Guernsey Power Station is being jointly developed by Caithness Energy and Apex Power Group.
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VIA VIAB | Hot Stocks08:50 EDT Viacom CEO says Pluto TV to unlock large library value - In particular, CEO Bob Bakish says Viacom sees "a very compelling near-term opportunity" to create a Spanish language offering.
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AIPT | Hot Stocks08:49 EDT Precision Therapeutics subsidiary discovers biomarkers for Thyroid Cancer cells - Precision Therapeutics announced its TumorGenesis subsidiary has identified three thyroid cancer cell types and has isolated the discovery biomarkers. The company will utilize this discovery to further develop its proprietary TumorGenesis system for cancer cell capture and culture, which permits screening of drugs against the cancers cells. The TumorGenesis system enables cells grown outside the body to behave as though they were present in a patient, potentially making the drug screening process more predictive. The TumorGenesis system, which the company believes represents a paradigm shift in the way drug discovery is conducted, relies on the ability to grow tumors outside the body that will have the same genotype as a cancer mutation. This methodology will allow pharmaceutical developers to create therapies that are unique to a particular patient's tumor. The biomarkers identified by TumorGenesis for these types of thyroid cancer involve the sequencing of the peptides that reside on the surface of the tumor cell. The Company's discovery of these biomarkers is essentially the first step in refining this methodology.
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BX | Hot Stocks08:39 EDT Blackstone announces formation, partnership with Waterfield Midstream - Blackstone (BX) announced that funds managed by Blackstone Energy Partners L.P. have formed Waterfield Midstream, a full-cycle provider of water management services, including water gathering, treatment, recycling and disposal, to provide solutions to producers in the Permian Basin. Waterfield is Blackstone's water midstream platform in the Permian Basin and has a $500 million equity commitment to pursue greenfield development and acquisitions of water-related infrastructure, helping producers minimize the environmental impact and operating cost of oil and gas production. Waterfield is led by Co-CEOs Scott Mitchell and Mark Cahill, who previously built and led Anadarko's (APC) and Western Gas's Permian Basin commercial water infrastructure platform. Since partnering with Blackstone last summer, Waterfield has put together a highly skilled team that brings together upstream and midstream technical expertise with a deep understanding of the subsurface and operating characteristics of the Permian Basin. This expertise positions Waterfield to provide reliable, turn-key services for its customers.
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VIA... | Hot Stocks08:39 EDT Viacom CEO: Nickelodeon strikes deal with Netflix for 2 original feature films - Viacom (VIAB) CEO Bob Bakish says Nickelodeon has struck a deal with Netflix (NFLX) to produce two original, animated feature films based on The Loud House and Rise of the Teenage Mutant Ninja Turtles.
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MRNA | Hot Stocks08:38 EDT Moderna announces dosing of first subject in Phase 1 clinial trial of mRNA-1944 - Moderna announced the dosing of the first subject in a Phase 1 clinical trial evaluating the safety and tolerability of escalating doses of mRNA-1944 via intravenous infusion in healthy adults. This is the first monoclonal antibody encoded by mRNA to be dosed in a human and the first development candidate from the Company's systemic therapeutics modalities to start clinical testing. mRNA-1944 encodes a fully human IgG antibody originally isolated from B cells of a patient with a prior history of potent immunity against Chikungunya infection. It is composed of two mRNAs that encode the heavy and light chains of this anti-Chikungunya antibody within Moderna's proprietary lipid nanoparticle technology. Preclinical studies of mRNA-1944 showed linear dose-dependence, meaning increases in the dose of mRNA led to nearly proportionate increases in antibody production. The research and development of mRNA-1944 was financially supported by the Defense Advanced Research Projects Agency, an agency of the U.S. Department of Defense.
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VIA VIAB | Hot Stocks08:37 EDT Viacom CEO: Expansion beyond Paramount TV 'really starting to gain traction' - Says MTV had seventh straight quarter of primetime share gains in Q1. Says expansion beyond Paramount TV "really starting to gain traction," says "well on our way" to achieving goal of making this a billion dollar business in a few years.
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OHGI | Hot Stocks08:37 EDT One Horizon Group sells majority interest in BWS to Velo Partners for $2M - One Horizon Group announced that it has completed the sale of its majority interest in Banana Whale Studios, or BWS, a B2B software provider in the gaming industry, to Velo Partners for $2M. One Horizon received $1.5M at closing and the $500,000 balance will be paid to One Horizon in twelve months pursuant to a secured note executed at closing.
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BMI | Hot Stocks08:36 EDT Badger Meter CEO sees 'favorable demand environment' continuing into 2019 - "We see the favorable demand environment continuing as we begin 2019," stated CEO Kenneth Bockhorst. "While market demand and our results can be uneven quarter-to-quarter, our backlog is solid and we anticipate ongoing positive customer reception of our proven, innovative technologies. For example, the timeline for introduction of our D-Flow ultrasonic technology into our E-Series meters remains on track, which provides additional features for our customers while also improving our cost position. In addition, we have begun shipping our new ORION Cellular radios with LTE-M technology, which puts us ahead of the curve for a seamless transition to 5G networks, while still providing the same level of support for previous generations. With the leadership transitions announced and in place, we are focused on 2019 and beyond. Our top priority is to preserve the strong legacy of customer focus and innovation that has been the hallmark of Badger Meter for over a century. We will build on our culture of continuous improvement while investing both organically and via acquisition in superior products and services geared at preserving the world's most precious resource."
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LLL | Hot Stocks08:35 EDT L3 Technologies awarded $120M contract to train U.S. Air Force B-2 pilots - L3 Technologies announced that it has been awarded a $120 million contract to continue training United States Air Force B-2 pilots, maintainers and weapons-loading personnel using its B-2 Aircrew Training System. L3 has been the Original Equipment Manufacturer and provider of the B-2 Training System since 1984. As the OEM with two previous B-2 pilot training contracts, L3 has been the sole source for delivering B-2 Aircrew and Maintenance Training System modifications to fulfill pilot training requirements and to train and certify weapons-loading crewmembers. Training is conducted at the 509th Bomb Wing, Whiteman Air Force Base, in Missouri. In addition, the L3 Training Systems Support Center located at Whiteman Air Force Base provides on-site engineering support.
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VIA VIAB | Hot Stocks08:35 EDT Viacom CEO Bob Bakish says turnaround at Paramount 'continues to take hold' - Says "very excited" about 2019 slate at Paramount. Says Bumblebee movie has earned approx. $450M. Comments taken from the Q1 earnings conference call.
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EYE | Hot Stocks08:35 EDT National Vision expands production capacity with fourth optical lab opening - National Vision announced it has expanded its eyeglass production capacity with the opening of its fourth domestic optical lab located in Plano, Texas. This new manufacturing facility joins an already sophisticated lab network consisting of three domestic locations. The company also partners with two outsourced, third-party owned international locations in China and Mexico to service consumers' optical needs. The new lab has the largest square footage of any lab in the National Vision network, and when it eventually reaches full capacity, it is expected to be one of the highest volume optical labs in North America.
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AFL | Hot Stocks08:34 EDT Aflac names Richard Gilbert as Chief Digital Information Officer - Aflac announced that Richard L. Gilbert has been named senior vice president and Chief Digital Information Officer, reporting to Virgil R. Miller, executive vice president, chief operating officer, Aflac U.S.; president, Aflac Group. In this newly created role, Gilbert will oversee the new Digital Innovation office and will be responsible for driving Aflac's IT strategy. Gilbert brings to Aflac more than 26 years of experience in the technology field. Prior to joining Aflac, he was vice president of Business Enablement and IT Service Management at DXC Technology, responsible for the company's digital transformation of the IT landscape and integrating legacy platforms, in addition to developing technology strategy and leading the system integration of multiple company mergers. He was vice president of Infrastructure and Operations Enterprise Services with Hewlett Packard Enterprise; vice president and chief information officer, Infrastructure and Operations for Hewlett Packard; and he previously held senior leadership positions at SunTrust Bank, including senior vice president and CTO technology officer.
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FLNT | Hot Stocks08:33 EDT Fluent appoints Alex Mandel CFO - Fluent announced the appointment of Alex Mandel as CFO. Mandel will work with senior company executives, focusing on strategic finance initiatives, corporate strategy and general financial management, reporting to Fluent's CEO, Ryan Schulke. Mandel has worked with Fluent as a financial consultant since July 2018. He brings over twenty-two years of corporate finance experience to the CFO role at Fluent. Prior to his consultancy, Mandel served as CFO of IAC Applications.
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CLIR | Hot Stocks08:32 EDT ClearSign Combustion announces approval of Duplex demonstration project - ClearSign Combustion announces that the Board of the South Coast Air Quality Management District unanimously voted to approve the Duplex demonstration project at a refinery location in the greater Los Angeles area. Funding for the project is a collaborative effort that includes contributions from the District, ClearSign, and World Oil Refining. The addition of World Oil to the project was subject to final review and approval by SCAQMD Board of Directors, and once commenced is slated to span approximately one year. Based on preliminary estimates, the project is expected to result in a reduction of over 15 tons of NOx emissions compared to current operations, without the utilization of catalysts, chemicals, utility consumption or other inefficient requirements of established technologies.
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FSNN | Hot Stocks08:32 EDT Fusion wins $4.25M cloud solutions agreement with major food services company - Fusion announced that it has won a $4.25M agreement to provide a full complement of Fusion's single source cloud solutions to a diversified food services company operating multiple restaurant groups across the United States. Under the five year agreement, Fusion will provide its application-aware cloud access and managed network services and cloud communications solutions to the premier food services company's more than 400 locations nationwide. The fully integrated Fusion solution will deliver redundant and diverse connections to meet the company's business continuity objectives and cloud-based backup for built-in disaster recovery.
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BMRA | Hot Stocks08:24 EDT Biomerica announces feedback from FDA on H. pylori clinical studies - Biomerica announced regulatory and clinical advancements in its development program for its H. pylori diagnostic product. Based on recent discussions between Biomerica and the FDA regarding the regulatory pathway for final FDA clearance of the company's H. pylori product, the company needs less than 40 clinical trial patient samples in addition to the 210 samples already collected. These final clinical patient samples are expected to be collected over the next few months, after which the company will complete the remaining analytical and clinical agreement studies and prepare a submission to the FDA for 510 FDA clearance.
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PTIE | Hot Stocks08:22 EDT Pain Therapeutics announces feedback from FDA on Remoxy - Pain Therapeutics announced feedback from a meeting held January 31 with the FDA regarding the drug candidate, Remoxy ER. Remoxy is the trade name for a new type of abuse-deterrent, extended-release gel formulation of oxycodone with physical/chemical properties intended to deter abuse. As previously disclosed, the company requested this meeting to resolve disagreement around comments and conclusions made by FDA in 2018 during a regulatory review of a new drug application, or NDA, for Remoxy. The company said, "During this meeting, we learned that i) FDA denies making math errors, material mistakes or misrepresentations during a June 2018 Advisory Committee Meeting for REMOXY, despite clear evidence to the contrary; ii) comparator data is irrelevant for the evaluation of abuse-deterrent properties, despite FDA written guidance which explicitly states the opposite; and (ii) that we would need to rely on the Freedom of Information Act to access additional data generated by FDA with REMOXY. As a result of our recent meeting with FDA, we believe we are no closer today to product approval than we were over a year ago."
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LIVX | Hot Stocks08:16 EDT LiveXLive Media and Nas announce partnership - LiveXLive Media and Nas, one of the most influential and respected hip hop artists of all time, announced the creation of a 360 degree partnership to create, produce, and distribute original urban-focused content. Mass Appeal and Nas will also curate a Slacker Radio station, and work with LiveXLive to establish brand partnerships and develop new opportunities within the urban and hip hop genres.
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CTMX DNLI | Hot Stocks08:14 EDT CytomX Therapeutics announces Nick Galli as CBO - CytomX Therapeutics (CTMX) announced the appointments of Nick Galli as senior VP, CBO and Leslie Robbins as senior VP, intellectual property. Galli brings more than 15 years of transactions experience, most of which has been focused in the biotechnology industry. Most recently, Galli held the position of VP, business development at Denali Therapeutics (DNLI) where he led the execution of more than twenty collaborations.
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ETTX | Hot Stocks08:11 EDT Entasis Therapeutics receives feedback on ETX2514SUL from FDA - Entasis Therapeutics announced a successful end-of-Phase 2 meeting with the FDA regarding ETX2514SUL for the treatment of patients with pneumonia and bloodstream infections caused by carbapenem-resistant Acinetobacter baumannii. A gram-negative bacterium causing severe infections, A. baummanii is associated with high mortality, rapidly-increasing rates of antibiotic resistance, growing significance as a hospital-acquired infection and limited treatment options. Following this meeting, Entasis remains on track to initiate its Phase 3 clinical trial for ETX2514SUL in Q1. Further, Entasis announced an agreement with bioMerieux, a world leader in the field of in vitro diagnostics, pursuant to which Entasis will incorporate Biofire Filmarray Instruments and Biofire Filmarray Pneumonia Panels into its global Phase 3 trial for ETX2514SUL for enrollment optimization. The Biofire system is an FDA-cleared and CE-marked multiplex PCR system that integrates sample preparation, amplification, and detection into one closed system. The system requires only two minutes of hands-on time and has a total run time of approximately 45 to 75 minutes, depending on the panel. The Biofire Pneumonia Panel and the Biofire Filmarray Pneumonia Panel plus received FDA clearance and CE-Marking in November 2018.
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BIOC | Hot Stocks08:11 EDT Biocept announces publication of a peer-reviewed article on ctDNA testing - Biocept announces the publication of a peer-reviewed article featuring a case series of three patients indicating the clinical utility of Biocept's Target Selector circulating tumor DNA, or ctDNA, testing in the management of patients with advanced non-small cell lung cancer, or NSCLC. In each of the three patient cases, Biocept's liquid biopsy testing detected activating EGFR mutations where tissue biopsy was inadequate, and targeted EGFR-directed therapy was subsequently administered. One patient had a complete response to therapy for approximately two years, and two of the three patients received third-generation tyrosine kinase inhibitor (TKI) treatment with osimertinib after their disease had progressed and the resistance mutation, EGFR T790M, was identified in their blood.
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INSP | Hot Stocks08:09 EDT Inspire Medical reports positive coverage policies issued by 5 BCBSA plans - Inspire Medical Systems announced an additional five Blue Cross Blue Shield Association healthcare plans have issued positive coverage policies of Inspire therapy. These plans include Blue Cross Blue Shield of Mississippi, BCBS Regence, Premera Blue Cross, BCBS of Kansas, and BCBS of Massachusetts, which provide coverage for an aggregate of 8.4 million members. BCBS of Mississippi covers approximately 590,000 members and took effect January 1, 2019. Regence covers approximately 2.6 million members across Washington, Oregon, Idaho and Utah and took effect February 1,2019. Premera is the largest health plan in the Pacific Northwest covering over 2.1 million members in Washington and Alaska and took effect February 1, 2019. BCBS of Kansas covers approximately 560,000 members and took effect February 1, 2019. BCBS of Massachusetts covers approximately 2.6 million members and will take effect May 1, 2019. There have now been eight positive coverage policies issued by BCBSA healthcare plans following BCBSA Evidence Street's January 7, 2019 report, which stated that there is sufficient evidence to determine that Inspire therapy results in a meaningful improvement in net health outcomes for patients meeting specified criteria. These eight Inspire therapy coverage policies comprise approximately 16.6 million members, or 17%, of the total 97 million members currently covered under the BCBSA healthcare plans.
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VSAT BA | Hot Stocks08:09 EDT ViaSat in-flight connectivity service to be offered on Neos' fleet of Boeing 787 - Neos and Viasat (VSAT) announced that Viasat's high-quality in-flight connectivity service will be offered on Neos' fleet of Boeing (BA) 787 Dreamliner aircraft. To meet the growing broadband demands of its passengers, Neos will have access to Viasat's current satellite communications systems in North America to the Caribbean and tip of northern South America; over the Atlantic Ocean; in Europe, through its jointly-owned satellite; as well as the ViaSat-3 satellite constellation under development. In addition to tapping into Viasat's high-capacity communications satellite via the latest-generation Viasat in-flight internet equipment, Neos will also work with Viasat on a customized portal, giving passengers an easy interface to connect to the onboard Wi-Fi system.
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ZEAL | Hot Stocks08:08 EDT Pharm-Olam enrolls patients in Zealand Pharma orphan drug study - Pharm-Olam is now enrolling patients in the U.S. and Europe into a pivotal Phase III study within the treatment of short bowel syndrome. Initiated in early October 2018, the study is a placebo-controlled, randomized, parallel-group, double-blind clinical trial with fixed-dose injections. The trial is being conducted at approximately 40 investigational sites in the United States, Canada, and Europe and will ultimately enroll 129 patients with SBS. Because people with SBS often cannot absorb enough nutrients, the trial will help determine if parenteral support volume can be reduced. Zealand Pharma is developing a long-acting GLP-2 analog in an auto-injector with potential for convenient weekly administration, which has been granted orphan status by the U.S. Food and Drug Administration.
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GHDX | Hot Stocks08:08 EDT Genomic Health announces publication of results from Oncotype test - Genomic Health announced the publication of results from a multi-center, prospective validation study of the Oncotype DX Genomic Prostate Score test in newly diagnosed men with clinically low-risk prostate cancer who elected immediate radical prostatectomy after receiving the test. Published in Urology, the study results prospectively validated the GPS test as an independent predictor of adverse pathology at the time of surgery as a measure of disease aggressiveness for men with clinically low- or intermediate-risk prostate cancer. The prospective study enrolled 1,200 men with very low-, low- and favorable intermediate-risk prostate cancer between July 2014 and September 2015 at 26 community-based urology practices in the United States. A total of 114 men who proceeded to immediate radical prostatectomy after GPS testing as initial management were included in a pre-specified analysis.
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SGLB | Hot Stocks08:07 EDT Sigma Labs receives notice of allowance for patent from USPTO - Sigma Labs announced that the U.S. Patent and Trademark Office, or USPTO, has issued a notice of allowance for U.S. Patent Application No. 15/276,452. The patent application covers a system of sensors configured to measure optical emissions generated by a scanning heat source during an additive manufacturing process and to analyze the data collected.
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CSTM BMWYY | Hot Stocks08:07 EDT Constellium supplies aluminium structural components for SAVs - Constellium N.V. (CSTM) announced hat it is supplying aluminium structural components for new BMW X Model Sports Activity Vehicles. A partner to BMW Group (BMWYY) for more than 10 years, Constellium supplies the new BMW X4 and X5 from its plant in White, Georgia.
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ATRC | Hot Stocks08:07 EDT AtriCure enrolls first patient in ICE-AFIB clinical trial - AtriCure announced the first patient was treated in the ICE-AFIB trial. Following Investigational Device Exemption approval by the FDA, the first patient was treated by Dr. Niv Ad, at Washington Adventist Hospital in Takoma Park, Maryland. The trial will evaluate the safety and effectiveness of the cryoICE Ablation System for the treatment of persistent and long-standing persistent atrial fibrillation during concomitant open-chest cardiac surgery.
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AQST | Hot Stocks08:05 EDT Aquestive announces court denied motion for rehearing to reinstate injunction - Aquestive Therapeutics announced that the U.S. Court of Appeals for the Federal Circuit denied a motion for a rehearing to reinstate the preliminary injunction against Dr. Reddy's Laboratory, or DRL, regarding Suboxone, or buprenorphine/naloxone, Sublingual Film. This decision is not a judgement in the ongoing infringement cases against DRL and others regarding potential generic products entering the U.S. market. Any company, including DRL, introducing a generic alternative to Suboxone prior to the final court decision is doing so "at risk" with respect to the final outcome.
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DHXM... | Hot Stocks08:05 EDT WildBrain launches on Apple TV, Amazon Fire and Roku - WildBrain has expanded its footprint with the launch of four new channels on leading AVOD platforms Apple TV (AAPL), Amazon Fire (AMZN) and Roku. The new channels include a WildBrain hub channel, as well as three curated channels dedicated to preschool content, kids' action and Degrassi, each collecting together genre-specific and age-appropriate entertainment for young people to enjoy. The initial offering on the channels includes such popular brands as Teletubbies, Tiddlytubbies, Kiddyzuzaa, Sonic, In the Night Garden, Super Mario, Inspector Gadget and Degrassi. WildBrain intends to expand the offering on the channels each month with additional content from its most popular brands. In the first year, WildBrain expects to reach millions of viewers across these new channels, which are now available in the US and Canada for free on the streaming platforms. WildBrain is a wholly owned subsidiary of DHX Media (DHX).
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MITK | Hot Stocks08:05 EDT Mitek Systems announces identity verification partnership with BSI - Mitek Systems and BioMetric Signature ID, or BSI, announced that Mitek will provide identity verification for its authentication solution BioProof-ID. This will ensure that gestural biometrics are assigned to the correct person during the enrollment process. Mitek's technology will be used to verify the individual's real-world identity as part of the BioSig-ID enrollment process. This partnership solution links BSI's gesture technology to a real person without a break in the identity verification process, creating a more streamlined approach.
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ATNM ABBV | Hot Stocks08:04 EDT Actinium initiates novel Phase 1/2 trial of Actimab-A and venetoclax - Actinium Pharmaceuticals (ATNM) announced that its novel Phase 1/2 combination trial of Actimab-A and venetoclax has been initiated. Gary Schiller, MD, Professor, Hematology-Oncology and Director, Hematologic Malignancy/Stem Cell Transplant Program at the UCLA Medical Center will serve as Principal Investigator for this study. The Phase 1/2 combination trial will enroll patients with relapsed or refractory AML or Acute Myeloid Leukemia that have been previously treated with venetoclax and patients that have never received venetoclax. Venetoclax is a BCL-2 or B-Cell Lymphoma 2 inhibitor that is jointly developed and marketed by AbbVie (ABBV) and Genentech.
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XNCR RHHBY | Hot Stocks08:03 EDT Xencor enters research and license agreement with Genentech - Xencor (XNCR) announced it has entered into a research and license agreement with Genentech, a member of the Roche Group (RHHBY), to develop and commercialize novel IL-15 cytokine therapeutics, including XmAb24306. XmAb24306 is an IL-15/IL-15Ralpha cytokine complex engineered with Xencor's bispecific Fc domain and Xtend Fc technology and is Xencor's most advanced preclinical cytokine program. Under the terms of the agreement, the companies will co-develop XmAb24306 and other potential IL-15 programs, in which the companies will share development costs and profits. Genentech will commercialize medicines worldwide, and Xencor has the option to co-promote in the United States. Additionally, the companies will engage in a two-year research program to discover new IL-15 drug candidates, including ones targeted to specific immune cell populations. Genentech will pay Xencor $120M upfront, and Xencor will be eligible to receive up to $160M in development milestones for the XmAb24306 program and up to $180 million in development milestones for each new IL-15 drug candidate. The agreement is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act, and closing is expected to occur in the first half of 2019.
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CDXS MRK | Hot Stocks07:57 EDT Codexis signs multi-year upgrade package for CodeEvolver with Merck - Codexis (CDXS) announced the signing of a new agreement with Merck (MRK), through a subsidiary. Under the terms of the agreement, Codexis will install certain CodeEvolver protein engineering technology upgrades into Merck's platform license installation and will maintain those upgrades for a multi-year term. Financial terms of the agreement are undisclosed. In August 2015 Codexis announced the signing of a CodeEvolver platform technology license agreement with Merck. Under this agreement, Codexis has granted Merck a non-exclusive license to use the CodeEvolver protein engineering platform technology to develop novel enzymes for use in the manufacture of pharmaceutical products.
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AGCO | Hot Stocks07:54 EDT AGCO CEO forecasts 'further earnings improvement' in FY19 - "AGCO delivered solid results in 2018 while making important investments to position us for future success," stated CEO Martin Richenhagen "Sales growth across all of our regions and solid operational execution allowed AGCO to meet its financial targets for 2018 and deliver improved results compared to 2017. We are growing our business by delivering the broadest product offering in the industry. We provide full-line smart farming solutions to our customers throughout the agricultural production cycle, starting with soil preparation and cutting-edge smart planting, through spraying and harvesting, and ending with grain storage and protein production equipment. AGCO will continue to invest in new products, new technology, improved distribution and enhanced digital capabilities in order to improve our margins and produce higher returns on our invested capital. Looking forward to 2019, we are forecasting further earnings improvement as industry conditions trend positively and we benefit from our cost reduction strategies targeted at purchasing actions and factory productivity, as well as new product development."
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MBRX | Hot Stocks07:42 EDT Moleculin Biotech receives orphan drug designation from FDA for WP1066 - Moleculin Biotech announced that the FDA has granted orphan drug status for its drug candidate WP1066 for the treatment of glioblastoma, the most aggressive form of brain tumor.
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APOP | Hot Stocks07:41 EDT Cellect Biotechnology and Washington University to collaborate in ApoGraft study - Cellect Biotechnology announced a collaboration with Washington University, a leading academic institution based in St. Louis, MO, aimed at determining the safety and tolerability in a U.S. Phase I/II study using ApoGraft for bone marrow transplantations. The collaboration is led by Dr. John DiPersio, Director of the Center for Gene and Cellular Immunotherapy at Washington University School of Medicine and President of the American Society for Blood and Marrow Transplantation, and Dr. Mark Schroeder, an expert in bone marrow transplantation in the Division of Oncology at Washington University School of Medicine. This will be the first clinical trial in the U.S. using the Company's ApoGraft stem
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OPGN | Hot Stocks07:40 EDT OpGen completes clinical trials for 510 submission to FDA - OpGen announced that it has completed the clinical trials needed to support its 510 submission for the detection of antimicrobial resistance genes in bacterial isolates to the FDA for clearance of its Acuitas AMR Gene Panel product. The clinical trials tested more than 1,000 clinical isolates at four participating clinical sites. The company has completed the majority of analytical testing activities including reproducibility studies and DNA sequencing of over 1,000 isolates to support the planned 510 submission.
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CVLT | Hot Stocks07:39 EDT Commvault: Sanjay Mirchandani to replace Bob Hammer as CEO - Commvault announced the appointment of Sanjay Mirchandani as President and CEO and member of the Board, effective immediately. Mirchandani, previously the CEO of Puppet, an Oregon-based IT automation company, replaces retiring President and CEO Bob Hammer. Also announced was the appointment of Nick Adamo as Chairman of the Board, replacing Hammer who will remain on the Board as Chairman Emeritus; both changes will become effective April 18. The appointment of Mirchandani concludes an extensive, global executive search initiated as part of a transformation initiative to drive sustained business performance and accelerate Commvault's growth. Mirchandani has held senior leadership positions at VMware, EMC and Microsoft and has significant expertise in the transformation of IT. At Puppet, he grew the user base of Puppet's open source and commercial solutions to more than 40,000, including 75% of the Fortune 100.
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RDC GS | Hot Stocks07:38 EDT Rowan Companies announces ISS and Egan-Jones recommend to vote FOR - Rowan Companies (RDC) announced that Institutional Shareholder Services, o ISS, and Egan-Jones Proxy Services, two leading proxy advisory firms, recommend that Rowan shareholders vote "FOR" the Company's pending combination with Ensco. As disclosed on January 29 Rowan and Ensco have amended the Transaction Agreement the companies entered into on October 7, 2018. Under the amended agreement, upon closing Rowan shareholders will receive 2.750 shares of Ensco for each share of Rowan they own. All other terms and conditions of the agreement remain the same. In its February 4, 2019 report, ISS concluded: "Given the material improvement in terms, along with the compelling strategic rationale for the combination, as noted in our original analysis, support FOR the transaction is now warranted." In connection with the amended transaction agreement, Odey Asset Management LLP, one of Rowan's largest shareholders as of the most recent regulatory filings, has pledged its support to Ensco by entering into an irrevocable voting agreement for the firm's holdings of approximately 9% of Rowan's shares outstanding. Rowan's Court and General Meetings to approve resolutions relating to the transaction with Ensco will occur on February 21. Goldman Sachs & Co. (GS) is serving as financial advisor and Kirkland & Ellis is serving as legal advisor to the Company.
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LII | Hot Stocks07:37 EDT Lennox CEO says 'the first quarter is off to a solid start' - CEO Todd Bluedorn said, "Looking ahead for the company overall, the first quarter is off to a solid start, and we reiterate guidance for 2019. The company is well-positioned for a year of strong growth and profitability, and we will continue to invest in the business to drive future performance, grow the dividend with earnings over time, and repurchase stock, with $350 million planned for 2019."
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LII | Hot Stocks07:36 EDT Lennox announces plans to divest the company's Kysor Warren refrigeration unit - "Lennox International posted a record year for revenue, profitability, and cash generation in 2018 while working through the challenges from tornado damage at a large manufacturing facility and further focusing our business portfolio with refrigeration divestitures in Australia, Asia and South America," said Chairman and CEO Todd Bluedorn. "We plan another divestiture in 2019 with the sale of the Kysor Warren business within our Refrigeration segment to focus on our businesses that have strong market positions and fit our growth profile.
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HUBB | Hot Stocks07:35 EDT Hubbell sees doubling restructuring, related investment in 2019, 2020 - "Hubbell achieved strong organic growth, earnings growth, and free cash flow in 2018, while also successfully integrating the largest acquisition in the Company's history. Inflationary pressures, including tariffs, were a challenge, but we have exited the year with positive momentum and are committed to offsetting material cost inflation with price in 2019," concluded Mr. Nord. "Looking forward, we are increasing our investment in footprint consolidation to accelerate benefits from operational efficiencies and cost reduction; as a result, we expect to double our restructuring and related investment to approximately 40c per year in each of 2019 and 2020. We are taking aggressive and decisive actions today to position Hubbell to outperform. With pricing and innovation initiatives, as well as productivity and cost takeout efforts, we are confident in our ability to get ahead of anticipated challenges, while remaining committed to producing quality products, providing reliable service for our customers, and deploying capital effectively."
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CLPS | Hot Stocks07:34 EDT CLPS increased ownership stake in Lihong Financial Information Services - CLPS announced that it has increased its ownership stake in Lihong Financial Information Services, an online lending platform company in China. CLPS made its first strategic investment in Lihong six months ago. Now the parties have agreed to increase the Company's ownership stake from 2.7% to 36.8%. Founded in 2015 and headquartered in Shanghai, Lihong's online lending platform uses big data technology to enable individual, small- and mid-sized Chinese banks to provide consumer loans with insurance policies acting as debt collateral.
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LII | Hot Stocks07:34 EDT Lennox sees FY19 adjusted tax rate 22%-23% - Sees FY19 corporate expenses of approximately $90M.
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LII | Hot Stocks07:33 EDT Lennox backs FY19 CapEx view approximately $215M - Including $115M in 2019 to complete the reconstruction of the Iowa manufacturing facility, funded by insurance proceeds.
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LII | Hot Stocks07:32 EDT Lennox announces plans to divest the company's Kysor Warren refrigeration unit
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LII | Hot Stocks07:32 EDT Lennox backs FY19 guidance for stock repurchases of $350M
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SIG | Hot Stocks07:31 EDT Signet Jewelers signs three new agency partners - Signet Jewelers announced three new agency partners to improve the effectiveness of its investments in advertising and marketing, and in support of the three strategic priorities of its Path to Brilliance transformation plan - Customer First, OmniChannel, and a Culture of Agility and Efficiency. "Our newly announced agency partners will contribute to Signet's Path to Brilliance initiatives to grow new customers, evolve to a more digital, targeted and data-driven media plan, and build a seamless OmniChannel customer experience," said Seb Hobbs, President and Chief Customer Officer. "The new agency partnerships open an exciting new chapter of building stronger connections with Signet customers across all Signet US banners to help them Celebrate Life and Express Love." Signet selected the agencies following a competitive bid process to transform and streamline the company's investments in marketing. Signet selected MediaCom to oversee all media planning and buying for its four US banners: KAY, Jared, Zales, and Piercing Pagoda. MediaCom is charged with transforming Signet's media investment to be more digital and data-driven to target and grow new customers more effectively. Signet appointed Zimmerman as the new creative agency and strategic partner for its KAY banner. Zimmerman will help apply its strategic focus and retail experience to build on the iconic KAY brand and help return it to market-leading growth. Signet selected Badger & Winters, to develop its Zales brand platform and extend it into integrated advertising and digital campaigns.
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TGT | Hot Stocks07:29 EDT Target announces expansion of Target Circle loyalty program - Target said on its website: "Target Circle is a super-cool (and fast-growing) loyalty test packed with fun surprises, community giving and personalized perks-oh, and how about earning 1% on every trip to redeem later? Yep, it's true. And joining-and saving-couldn't be easier. So far, hundreds of thousands of guests in Dallas-Fort Worth are feeling the love (rave reviews, millions of transactions and nearly $250,000 in guest-directed local giving have been pouring in). Now we're so excited to expand the test to millions more shoppers on Feb. 19. Charlotte, Denver, Indianapolis, Kansas City and Phoenix, get ready to join Target Circle!" Reference Link
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EL | Hot Stocks07:13 EDT Estee Lauder up 10% to $150.06 after raising FY19 outlook
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ADM | Hot Stocks07:12 EDT Archer Daniels raises quarterly cash dividend 4.5% to 35c per share - Archer Daniels Midland Company's Board of Directors has declared a cash dividend of 35c per share on the company's common stock, a 4.5% increase from last quarter's dividend of 33.5c per share. The dividend is payable on March 12, 2019, to shareholders of record on Feb. 19, 2019.
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ADM | Hot Stocks07:11 EDT Archer Daniels CEO says positioning company to grow profits, returns in 2019 - "Our team executed well, delivering strong year-over-year profit growth in the fourth quarter," said Chairman and CEO Juan Luciano. "Looking back on the full year, the team did a great job focusing on the items we could control, as we continued innovating to serve customer needs and advancing our strategic priorities. Our effective management through complicated and rapidly changing trade, geopolitical and market conditions helped deliver an impressively strong 2018 that included solid profit growth, improved returns on invested capital and higher cash flows. We will continue working to deliver shareholder value in 2019 by vigorously executing our strategy, including aggressively working to improve execution in select businesses, accelerating our Readiness efforts to deliver increasing value, and harvesting the contributions from our acquisitions and organic growth investments. By continuing to pull the levers under our control, we are positioning ourselves to grow profits and returns in 2019 and beyond."
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VIA VIAB | Hot Stocks07:09 EDT Viacom sees Pluto TV acquisition closing in Q2, pending regulatory approval
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MDR | Hot Stocks07:07 EDT McDermott signs contract with Woodside Energy - McDermott International announced it has signed a contract with Woodside Energy to undertake a front-end engineering and design activities for a floating production unit, or FPU, for the Scarborough field gas development in Western Australia. McDermott's center of excellence in The Hague, Netherlands, will lead the study and early engineering. Upon completion, the contract includes the option to progress to an engineering, procurement, construction and installation, or EPCI, contract should the project be approved for full development by Woodside and its Scarborough joint venture partners. The award will be reflected in McDermott's Q1 2019 backlog.
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AZN | Hot Stocks07:07 EDT AstraZeneca says EMA grants PRIME eligibility for MEDI8897 - AstraZeneca and its global biologics research and development arm, MedImmune, announced that the European Medicines Agency has granted access to its PRIME, or PRIority MEdicines, scheme for MEDI8897, an extended half-life respiratory syncytial virus F monoclonal antibody being developed for the prevention of lower respiratory tract infection caused by RSV. Mene Pangalos, Executive Vice-President, R&D BioPharmaceuticals, said: "We are excited to receive PRIME eligibility for MEDI8897, our next-generation monoclonal antibody targeting respiratory syncytial virus in infants. We will work closely with the European Medicines Agency to optimise our development plan and help us bring MEDI8897 to patients as quickly as possible."
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EL | Hot Stocks07:06 EDT Estee Lauder CEO: 'Optimistic about our company's long-term outlook' - Fabrizio Freda, President and CEO, said, "We delivered an excellent performance in our fiscal second quarter. Importantly, this was our eighth consecutive quarter of impressive net sales growth that met or exceeded our long-term goal, all while navigating many global macro issues. Our sustained progress is the result of our multiple engines of growth strategy, and demonstrates our agility in moving resources to the best global opportunities. Our earnings per share in the second quarter grew more than twice the rate of net sales in constant currency, delivering an impressive first-half performance. With confidence in our continued ability to execute effectively and grow share in prestige beauty, while simultaneously making strategic investments in our business, we are raising our net sales and EPS guidance for the year. Our strongest growth engines this quarter included the skin care category globally, the Asia/Pacific region, the online and travel retail channels, and most brands, including Estee Lauder, La Mer, M*A*C and our artisanal fragrance brands." Freda added, "Despite a volatile and challenging backdrop, we are optimistic about our company's long-term outlook. We are very well-positioned to build share in global prestige beauty. Leveraging savings generated by our Leading Beauty Forward initiative, we plan to increase our investments during the next six months behind our successful innovations, high-quality products, compelling digital advertising and effective commercial execution, while also enhancing our capabilities to strengthen our industry leadership and deliver long-term profitable growth."
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AZN | Hot Stocks07:06 EDT AstraZeneca says FDA grants Breakthrough Therapy Designation for MEDI8897 - AstraZeneca and its global biologics research and development arm, MedImmune, announced that the U.S. Food and Drug Administration has granted Breakthrough Therapy Designation for MEDI8897, an extended half-life respiratory syncytial virus F monoclonal antibody being developed for the prevention of lower respiratory tract infection caused by RSV. Mene Pangalos, Executive Vice-President, R&D BioPharmaceuticals, said: "The Breakthrough Therapy Designation, together with its recent PRIME eligibility from the European Medicines Agency, will help us to bring MEDI8897 to all infants at risk for RSV as quickly as possible."
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UFS | Hot Stocks07:05 EDT Domtar sees FY19 shipments up due to increased demand - The company said "In 2019, our paper shipments will increase as we respond to increased demand from our customers following the announced capacity closures while paper prices will continue to improve in the wake of the recently announced price increases across the majority of our paper grades. Softwood and fluff pulp markets will remain balanced through the year due to continued steady demand growth and limited announced new capacity. We anticipate costs, including freight, labor and raw materials, to marginally increase. Personal Care is expected to benefit from our margin improvement plan and new customer wins, partially offset by further raw material cost inflation."
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EMR | Hot Stocks07:04 EDT Emerson CEO: Continue to see strength across global industrial end markets - "Our results in the first quarter provide a solid start to 2019 and confirmed our view of the global macroeconomic backdrop we laid out during our November earnings conference call, including our 4 to 7 percent underlying sales guidance. Importantly, we continue to see strength across our global industrial end markets and demand for our technology, products and expertise. We're also pleased to have completed $0.8 billion in share repurchases in the quarter and $1 billion through January to reach our full-year target," said Chairman and CEO David Farr. "As expected, our Commercial & Residential Solutions business felt the crosswinds of weakening consumer demand in China that began in the second half of 2018," continued Farr. "We continue to watch the situation carefully, and we are optimistic our China Commercial & Residential Solutions team will achieve positive underlying orders and sales in the second half of 2019."
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PSEC | Hot Stocks07:03 EDT Prospect Capital receives investment grade issuer rating from Moody's - Prospect Capital Corporation announced it has been assigned an investment grade issuer credit rating of Baa3 with a Stable outlook from Moody's Investors Service, representing Prospect's fourth investment grade rating. Prospect has maintained an investment grade rating for the past 10 years since Prospect initiated such public ratings in 2009.
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LODE | Hot Stocks07:02 EDT Comstock Mining announces unaudited FY18 financial results - Comstock Mining announced selected unaudited financial results for the FY18. The Company has also entered into definitive agreements with Tonogold Resources to sell the Lucerne properties and accelerate the development of the Lucerne mine back into production. Selected Strategic and Operational Highlights include: Received the 2018 BLM Sustainable Mineral Development Award; Received Board approval to sell Silver Springs non-mining assets for $9.75M plus residual; Extended the landmark Special Use Permit for mining and processing Lucerne to 2034; Entered into definitive agreements with Tonogold to sell Lucerne, received $1M deposit; Received over $4M in cash proceeds from the Lucerne option and sale agreements; Uncovered a new, 90.8-foot, high-grade, mineralized shear-zone in the Dayton adit averaging 0.043 gold and 0.404 silver ounces per ton; and progressed, with Behre Dolbear, an updated resource estimate for a new Dayton NI 43-101 report. The agreement with Tonogold also grants an option to lease the American Flat property and equipment. Total current assets are $8.6M at December 31, 2018. The Company also has cash of $500,000 at December 31, 2018. This excludes the receipt of the $1M non-refundable deposit from Tonogold on January 25, 2019, for the non-refundable deposit towards the purchase of the Lucerne properties.
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AMD | Hot Stocks07:02 EDT Mubadala sells AMD shares, exercises warrants, remains a 'top shareholder' - Mubadala, an Abu Dhabi Government-owned investment and development company, stated via its official Twitter account: "Yesterday after market close, we sold 34.9 million common equity shares in @AMD alongside announcing the conversion of 75m warrants into equity shares. We remain amongst the company's top shareholders and are proud of our continuing partnership with AMD." Reference Link
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EMR | Hot Stocks06:59 EDT Emerson sees FY19 operating cash flow ~$3.2B, free cash flow ~$2.5B - Sees FY19 tax rate 24%-25%.
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MNK | Hot Stocks06:58 EDT Mallinckrodt completed open-label phase of Phase 4 H.P. Acthar Gel trial - Mallinckrodt has completed the open-label phase of the ongoing Phase 4, multicenter study assessing the efficacy and safety of H.P. Acthar Gel in patients with persistently active rheumatoid arthritis, or RA, who were previously treated with disease-modifying anti-rheumatic drugs, or DMARDs, and corticosteroids. Primary end point results observed from the 100% patient enrollment point in the study's open-label phase are consistent with those observed at the 25% and 50% milestone assessments. As most recently reported relative to 50% patient enrollment data - where primary end point results showed 61% of the 100 patients with persistently active RA who completed the open-label period achieved low disease activity at 12 weeks - H.P. Acthar Gel continued to produce reduction in joint disease activity in patients whose disease was uncontrolled on prednisone and DMARDs. The company intends to present full open-label phase findings by mid-2019. "We are pleased with the insights gleaned thus far into the clinical utility of H.P. Acthar Gel in patients with persistently active rheumatoid arthritis who were previously treated with disease-modifying drugs and corticosteroids," said Steven Romano, M.D., Executive Vice President and Chief Scientific Officer at Mallinckrodt.
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WDR | Hot Stocks06:57 EDT Waddell & Reed reports Q4 AUM $65.8B, down 19% vs. last year - Assets under management ended the quarter at $65.8B, a 17% decrease compared to the prior quarter and a decrease of 19% compared to the Q4 of FY17
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EMR | Hot Stocks06:55 EDT Emerson raises FY19 EPS outlook
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NEWM CMCSA | Hot Stocks06:55 EDT New Media announces pilot program with Comcast Business Group - New Media Investment Group (NEWM) announced the launch of a marketing pilot program with Comcast Business Group (CMCSA). This program will give more than 1M Comcast Business customers access to New Media's marketing guidance solution, ThriveHive, and its suite of tools and offerings. This program is a direct result of Comcast's strategic focus on customer loyalty and success programs. In 2018, Comcast conducted an internal research initiative that discovered that a core area of frustration businesses continue to need help with is their marketing. After an extensive search, Comcast decided to work with ThriveHive to deliver that help via its commitment to marketing guidance. ThriveHive's products and services will be offered to Comcast Business customers, in addition to a free consultation with one of ThriveHive's digital marketing experts to assess each unique set of needs.
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LAZ | Hot Stocks06:54 EDT Lazard reports Q4 average AUM $225B, down 8% vs. last year - Average AUM for the Q4 was $225B, 8% lower than the Q4 of FY17, and 6% lower than the Q3 of FY18.
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SXC | Hot Stocks06:53 EDT SunCoke Energy sees FY19 adj. EBITDA $265M-$275M
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MRK | Hot Stocks06:53 EDT Merck: FDA accepts for review regulatory filings for two antibacterial agents - Merck announced that the U.S. FDA has accepted for review regulatory filings for two antibacterial agents. These filings are: (1) a NDA accepted for Priority Review for the combination of relebactam, the company's investigational beta-lactamase inhibitor, with imipenem/cilastatin, for the treatment of complicated urinary tract infections and complicated intra-abdominal infections caused by certain susceptible Gram-negative bacteria, in adults with limited or no alternative therapies available; and (2) a sNDA accepted for Priority Review for ZERBAXA to treat adult patients with nosocomial pneumonia, including ventilator-associated pneumonia caused by certain susceptible Gram-negative microorganisms. The Prescription Drug User Fee Act target action date for IMI/REL is July 16, 2019, while the PDUFA target action date for ZERBAXA is June 3, 2019.
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SXC | Hot Stocks06:52 EDT SunCoke Energy to initiate 24c annual dividend in Q1 after 'simplification' deal
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SBH | Hot Stocks06:51 EDT Sally Beauty sees FY19 Same Store Sales flat - Sees FY19 gross margin is expected to be approximately flat compared to the prior year; full year selling, general and administrative expenses as a percentage of sales down slightly due to lower restructuring charges as compared to the prior year. Sees FY19 adjusted selling, general and administrative expenses, including depreciation and amortization expense, as a percentage of sales are expected to be up slightly versus the prior year, as a result of timing of investments being made in the business, partially offset as operating efficiencies start to reach full run rate status toward the second half of FY19. Sees FY19 GAAP operating earnings and operating margin up by mid-single digits, primarily due to an improvement in sales and lower restructuring costs as compared to the prior year; full year adjusted operating earnings and operating margin to decline slightly as compared to the prior year, driven primarily by an improvement in same store sales offset by the slightly higher adjusted selling, general and administrative expenses referred to above. Sees FY19 consolidated effective tax rate 27%. Lower average share count and lower interest expense from reduced indebtedness should result in mid-single digit growth in both full year GAAP diluted earnings per share and full year adjusted diluted EPS. FY19 Cap-Ex are expected to be approximately $120M, which already includes those elements of the supply chain transformation plan which will occur in 2019. Sees FY19 Cash flow from operations $340M, reflecting an effort to speed payments to vendors to achieve cost of good savings, and operating free cash $220M.
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SXCP | Hot Stocks06:51 EDT SunCoke Energy Partners sees FY19 adj. EBITDA $215M-$225M
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SXC SXCP | Hot Stocks06:51 EDT SunCoke Energy to acquire all unites of SunCoke Energy Partners - SunCoke Energy (SXC) and SunCoke Energy Partners (SXCP) announced that they have entered into a definitive agreement whereby SXC will acquire all outstanding common units of SXCP not already owned by SXC in a stock-for-unit merger transaction. The Simplification Transaction is expected to close late in the second quarter or early in the third quarter of 2019, subject to customary closing conditions. Pursuant to the terms of the merger agreement, SXCP unaffiliated common unitholders will receive 1.40 SXC common shares for each SXCP common unit. The SXCP unit price implied by the exchange ratio represents a 9.3% premium to SXCP's closing price on February 4, 2019 and a 12.7% premium, based on SXC's and SXCP's 30-day volume weighted average prices ending February 4, 2019.
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CNX | Hot Stocks06:50 EDT CNX Resources announces successful remediation of Shaw 1G Utica well - CNX Resources released the following statement regarding its Shaw 1G Utica shale well in Washington Township, Westmoreland County, Pennsylvania: "Over the weekend, we commenced efforts to remediate the Shaw 1G well in order to arrest the subsurface flow of gas. The remediation process was successful and the well has been contained. There were no injuries and no impact to the environment. As previously announced, we observed a pressure anomaly during hydraulic fracturing operations on the Shaw 1G well. While we continue to evaluate the cause of the initial pressure anomaly, we believe it is isolated to this well. All frac operations on the 4-well Shaw pad remain suspended while we assess the incident. As a precaution, we will continue to monitor the well for the next several days. Company personnel and our consultants also continue to monitor existing nearby gas wells and manage any residual gas communication with those wells. We continue to work in close coordination with the Municipal Authority of Westmoreland County (MAWC) and all appropriate state and local stakeholders to ensure the situation was and continues to be addressed in a safe and environmentally compliant manner."
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EL | Hot Stocks06:46 EDT Estee Lauder raises FY19 outlook
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VLRS | Hot Stocks06:36 EDT Volaris reports January traffic up 13.6% - Volaris reports January 2019 preliminary traffic results. During January 2019 Volaris increased total capacity, as measured in Available Seat Miles, by 10.2% year over year. Total demand, as measured in Revenue Passenger Miles, in January 2019 increased 12.1% year over year, reaching 1.6 billion. Volaris transported a total of 1.7 million passengers during the month, an increase of 13.6% year over year. In January 2019, Volaris increased domestic and international ASMs by 13.0% and 4.5%, respectively. Network load factor for January was 81.5%, an increase of 1.4 percentage points year over year.
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ARMK | Hot Stocks06:34 EDT Aramark backs FY19 free cash flow view of $500M - The company is affirming its full-year free cash flow outlook of $500M. This outlook includes approximately $50M in cash outlay related to the divestiture of the Healthcare Technologies business, and approximately $50M in spending on the integrations of Avendra and AmeriPride. The company expects its leverage ratio to be at 3.8x by the end of the fiscal year.
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BP | Hot Stocks06:32 EDT BP sees 2019 organic CapEx $15B-$17B - Gulf of Mexico oil spill payments on a post-tax basis totaled $3.2B in the full year of 2018. Payments for 2019 are expected to be around $2B on a post-tax basis.
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ARMK | Hot Stocks06:31 EDT Aramark raises FY19 outlook
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FB | Hot Stocks06:20 EDT Mark Zuckerberg: People focusing on 'negative' aspects of Facebook's impact - In a post marking Facebook's 15th birthday, Facebook Chairman and CEO Mark Zuckerberg published a post defending the influence of the internet and Facebook. Zuckerberg thinks people are overly focusing on the "negative" aspects of Facebook's impact on the world, "and in some cases to go so far as saying the shift to empowering people in the ways the internet and these networks do is mostly harmful to society and democracy. To the contrary, while any rapid social change creates uncertainty, I believe what we're seeing is people having more power, and a long term trend reshaping society to be more open and accountable over time. We're still in the early stages of this transformation and in many ways it is just getting started. But if the last 15 years were about people building these new networks and starting to see their impact, then the next 15 years will be about people using their power to remake society in ways that have the potential to be profoundly positive for decades to come." Zuckerberg added that "We've made real progress on these issues and built some of the most advanced systems in the world to address them, but there's a lot more to do. We're now taking steps that wouldn't have been possible even just a few years ago -- for example, this year we plan to spend more on safety and security than our whole revenue at the time of our IPO, and the artificial intelligence required to help manage content at scale didn't exist until recently. But as people use these networks to shape society, it's critical we continue making progress on these questions." Reference Link
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PTEN | Hot Stocks06:19 EDT Patterson-UTI reports an average of 180 drilling rigs operating in January - Patterson-UTI reported that for the month of January, the company had an average of 180 drilling rigs operating. Average drilling rigs operating reported in the company's monthly announcements represent the average number of the company's drilling rigs that were operating under a drilling contract.
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AAPL | Hot Stocks06:17 EDT Apple sets aside some money to pay for lawsuits related to 'batterygate' - In a recent regulatory filing, Apple said: "Various civil litigation matters have been filed in state and federal courts in the U.S. and in various international jurisdictions alleging violation of consumer protection laws, fraud, computer intrusion and other causes of action related to the Company's performance management feature used in its iPhone operating systems, introduced to certain iPhones in iOS updates 10.2.1 and 11.2. The claims seek monetary damages and other non-monetary relief. On April 5, 2018, several U.S. federal actions were consolidated through a Multidistrict Litigation process into a single action in the U.S. District Court for the Northern District of California. In addition to civil litigation, the Company is also responding to governmental investigations and requests for information relating to the performance management feature. The Company believes that its iPhones were not defective, that the performance management feature introduced with iOS updates 10.2.1 and 11.2 was intended to, and did, improve customers' user experience, and that the Company did not make any misleading statements or fail to disclose any material information. The Company has accrued its best estimate for the ultimate resolution of these matters."
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CTRE | Hot Stocks06:13 EDT CareTrust REIT acquires skilled nursing living campus in Illinois - CareTrust REIT announced that it has acquired a skilled nursing and supportive living campus in Mt. Carmel, Illinois. The campus includes 90 licensed skilled nursing beds and 38 licensed supportive living facility beds. The acquisition was a "tack-on" to CareTrust's existing seven-property master lease with Harrisburg, Illinois-based WLC Firm, which will replace the outgoing operator. The total investment for the facility was approximately $9.0M, inclusive of transaction costs. The initial annual cash rent from the Oakview asset will be approximately $853,000. As part of the transaction, CareTrust and WLC entered into an amended and restated master lease as of February 1, 2019, with CPI-based annual rent escalators and a 15-year term plus two five-year renewal options. The acquisition was funded using cash on hand.
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MUX | Hot Stocks06:09 EDT McEwen Mining's Gold Bar Mine is nearing completion - McEwen Mining reports that construction of the Gold Bar Mine in Nevada's prolific Battle Mountain-Cortez Trend is nearing completion, just 14 months after breaking ground in November 2017. The Mine is on schedule for inaugural gold production in late February 2019. Commercial production will follow when the Mine's systems reach a steady state, which is expected by the end of Q1. The project is tracking on our original capital cost estimate of $81.4M. 150,000 tons of ore have been placed on the heap leach pad since starting in December 2018. A few weeks ago leaching was initiated and gold is being dissolved by the cyanide solution at the desired rate. We estimate that the Gold Bar Mine will produce 55,000 ounces) gold in 2019 at an all-in cost of approximately $975 per ounce. December and January were challenging months on site with heavy snow and cold temperatures delaying some work. Remaining activities to complete the process plant include electrical work, instrumentation installation, and commissioning of the gold refinery circuit. We would like to thank all our employees and subcontractors for their dedication to the job at hand whatever the conditions. 2018 exploration drilling has extended the estimated mine life to 7.4 years. The future addition of the Gold Bar South resource to the mine plan should further extend the mine life by a minimum of one year. Our 2019 exploration budget on the Gold Bar property is $4.4M. Exploration drilling will target both near surface and deep Carlin-type mineralization.
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IT | Hot Stocks06:08 EDT Gartner sees FY19 adjusted EBITDA $720M-$765M
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MPO | Hot Stocks06:08 EDT Midstates Petroleum estimates year-end 2018 proved reserves 72.5MMBoe - Midstates' estimated proved reserves for year-end 2018 totaled 72.5M barrels of oil equivalent, or MMBoe, comprised of 25% oil, 27% NGLs, and 48% natural gas. The Company elected to delay drilling in the Q4 and reconfigured its drilling program to emphasize two-mile laterals. The revised development strategy reduced PUD inventory to 48 locations at year-end 2018, consisting of 31 two-mile laterals and 17 one-mile laterals developed over 3 years within the SEC five-year development window. At year-end 2018, Midstates' proved reserves, as prepared utilizing SEC pricing, had a net present value discounted at 10% of approximately $579.7M. The Company's estimated reserves at year-end 2018 were based on the average oil, NGL, and natural gas prices for each month, which were $65.56 per barre, or Bbl, $29.50 per Bbl, and $3.10 per million BTUs. Midstates Petroleum announced 2018 year-end SEC reserves, preliminary 2018 operational results, and provided a strategic update. The company commented, "We reduced expenses, decreased well downtime and executed a significant workover program that meaningfully increased base production during the year. We also improved liquidity by paying down $100M of debt and generated free cashflow for the year while executing an approximately $98M capital program. Finally, our year end 2018 reserve report continues to demonstrate the underlying value of Midstates."
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IT | Hot Stocks06:07 EDT Gartner CEO says 'we're better positioned than ever' entering 2019 - Gene Hall, Gartner's CEO, commented, "In 2018, we delivered another year of double-digit revenue growth and strong results across our three segments. We continue to achieve sustained, free cash flow growth and have resumed our share repurchase program to return capital to shareholders. As we enter 2019, we're better positioned than ever to deliver indispensable value to leaders across every function in the enterprise."
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NSANY | Hot Stocks06:07 EDT Nissan to hold extraordinary meeting on April 8 to approve new director - Nissan Motor held an extraordinary meeting of its board of directors, at which it decided to hold an extraordinary meeting of shareholders in April limited to the following aims: 1) Discharge of directors Carlos Ghosn and Greg Kelly; 2) appointment of Renault Chairman Jean-Dominique Senard as director. Nominations of all directors are to be submitted for approval at the Annual General Meeting of Shareholders scheduled for June, after review of proposals from the Special Committee for Improving Governance.
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ENTG | Hot Stocks06:03 EDT Entegris sees Q1 non-GAAP EPS similar to Q4 - Sees Q1 sales at the same level as the Q4.
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IT | Hot Stocks06:02 EDT Gartner sees FY19 operating cash flow $542M-$582M, free cash flow $455M-$485M
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FB | Hot Stocks05:55 EDT Facebook bans four more organizations in Myanmar - Facebook said in a blog post: "Over the past year, we have repeatedly taken action against violent actors and bad content on Facebook in Myanmar. The ethnic violence happening in Myanmar is horrific and we don't want our services to be used to spread hate, incite violence or fuel tension on the ground... Today, we are taking more action, designating four more groups in Myanmar as dangerous organizations - the Arakan Army, the Myanmar National Democratic Alliance Army, Kachin Independence Army and the Ta'ang National Liberation Army. These armed groups are now banned from Facebook and all related praise, support and representation will be removed as soon as we become aware of it. In an effort to prevent and disrupt offline harm, we do not allow organizations or individuals that proclaim a violent mission or engage in violence to have a presence on Facebook. This includes terrorist activity, organized hate, mass or serial murder, human trafficking, organized violence or criminal activity. There is clear evidence that these organizations have been responsible for attacks against civilians and have engaged in violence in Myanmar, and we want to prevent them from using our services to further inflame tensions on the ground." Reference Link
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GOL | Hot Stocks05:44 EDT Gol Linhas reports preliminary January traffic up 4.9% - GOL's total supply increased 5.7% due to a 3.3% increase in seats and a 1.0% decrease in departures. GOL's total demand increased by 5.6% in comparison to January 2018, consolidated load factor was 83.5%, and passengers increased 4.9%.
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BSTI | Hot Stocks05:38 EDT Best Inc. to change ticker symbol to 'BEST' from 'BSTI' on Feb. 19 - BEST Inc. announced that the company's ticker symbol on the New York Stock Exchange will change from "BSTI" to "BEST," effective at the start of trading on February 19.
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APC | Hot Stocks05:27 EDT Anadarko announces LNG sale, purchase agreement with Shell - Anadarko Petroleum 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 Shell International Trading Middle East. The SPA is for 2 million tonnes of LNG per annum for a term of 13 years.
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APC | Hot Stocks05:25 EDT Anadarko announces LNG sale, purchase agreement with Tokyo Gas and Centrica - Anadarko Petroleum 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 Tokyo Gas and Centrica LNG Company, a subsidiary of Centrica for the long-term supply of LNG. The co-purchasing off-take agreement calls for the delivered ex-ship supply of 2.6 million tonnes per annum from the start-up of production until the early 2040s.
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SNY | Hot Stocks05:23 EDT Sanofi says Isatuximab Phase 3 trial meets primary endpoint - Sanofi announced the pivotal Phase 3 trial of isatuximab in patients with relapsed/refractory multiple myeloma met the primary endpoint of prolonging progression free survival in patients treated with isatuximab in combination with pomalidomide and low-dose dexamethasone versus pomalidomide and low-dose dexamethasone alone. Results will be submitted to an upcoming medical meeting and are anticipated to form the basis of regulatory submissions planned for later this year. "We are excited by these results, which represent significant progress in our ambition to extend the lives of multiple myeloma patients," said John Reed, Head of Research and Development at Sanofi. "We look forward to engaging with regulatory authorities with the goal of bringing this potential new treatment to patients as quickly as possible." Multiple myeloma is the second most common hematologic malignancy[1], with more than 138,0002 new cases worldwide each year. Multiple myeloma remains incurable in the vast majority of patients, resulting in significant disease burden. The randomized, multi-center, open label Phase 3 study, known as ICARIA-MM, enrolled 307 patients with relapsed/refractory multiple myeloma across 96 centers spanning 24 countries. All study participants received two or more prior anti-myeloma therapies, including at least two consecutive cycles of lenalidomide and a proteasome inhibitor given alone or in combination. During the trial, isatuximab was administered through an intravenous infusion at a dose of 10mg/kg once weekly for four weeks, then every other week for 28-day cycles in combination with standard doses of pomalidomide and dexamethasone for the duration of treatment. The safety profile was evaluated as a secondary endpoint.
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RHHBY | Hot Stocks05:21 EDT Genentech submits sBLA to FDA for Kadcyla - Genentech, a member of the Roche Group, announced completing the submission of a supplemental Biologics License Application, or sBLA, to the FDA for Kadcyla for adjuvant treatment of people with HER2-positive early breast cancer, or EBC, with residual disease after neoadjuvant treatment. The FDA is reviewing the application under the Real-Time Oncology Review and Assessment Aid pilot programs, which aim to explore a more efficient review process to ensure safe and effective treatments are available to patients as early as possible. For this indication, Kadcyla was also granted Breakthrough Therapy Designation, which is designed to expedite the development and review of medicines intended to treat serious or life-threatening diseases.
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BLDP | Hot Stocks05:19 EDT Ballard Power signs framework agreements with Eniig, Fibia in Europe - Ballard Power Systems announced that the company's European subsidiary, Ballard Power Systems Europe A/S, has signed Framework Agreements for the provision of FCgen-H2PM direct hydrogen backup power systems with Eniig and Fibia A/S, operators of fiber optic broadband networks in Denmark. Ballard also received initial orders for a total of 30 FCgen-H2PM 5-kilowatt systems, including installation, hydrogen storage and power management equipment, having a total value of approximately $1.2M under these Framework Agreements. This includes 20 systems for Eniig and 10 systems for Fibia. Both customers began installing Ballard fuel cell backup power systems in their networks several years ago and together they currently have a total of over 125 Ballard systems in service. These enable individual network nodes to seamlessly maintain operation in the event of a grid power failure, thereby ensuring uninterrupted delivery of internet and television services to business and residential customers. Eniig and Fibia's plans call for the total deployment of 70-to-100 additional FCgen-H2PM systems during 2019, of which the 30 systems announced today are an initial tranche.
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PBYI | Hot Stocks05:16 EDT Puma Biotechnology announces conclusion of class action lawsuit - Puma Biotechnology announced that the class action lawsuit, Hsu vs. Puma Biotechnology, Inc., et. al., filed in the U.S. District Court for the Central District of California against Puma and Alan H. Auerbach, Puma's CEO and President, has concluded with a jury verdict. Plaintiffs had claimed that four statements made in connection with Defendants' July 2014 announcement of positive top-line results from a Phase III clinical trial of its breast cancer drug, neratinib, were "false and misleading," and led to two stock drops in 2015 when the results of the clinical trial were presented at a medical conference. The jury found in favor of Defendants entirely with respect to three of the four statements and with respect to one of the two stock drops. As to the fourth statement, the jury found liability such that certain shareholders who purchased stock between July 22, 2014 and May 13, 2015 may recover no more than $4.50 per share, which represents approximately 5% or less of the claimed damages.
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