Stockwinners Market Radar for February 12, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
UIS... | Hot Stocks19:14 EDT Fly Intel: After Hours Movers - UP AFTER EARNINGS: Unisys (UIS) up 11.8%... J2 Global (JCOM) up 10.6%... Lattice Semi (LSCC) up 10.6%... iRhytm Technologies (IRTC) up 6.1%... Exelixis (EXEL) up 5.9%... Activision (ATVI) up 3.0%... Avalara (AVLR) up 1.6%... Red Rock Resorts (RRR) up 1.3%... Akamai (AKAM) up 1.0%. DOWN AFTER EARNINGS: Aquantia (AQ) down 20.3%... Qualys (QLYS) down 13.9%... Quotient Technology (QUOT) down 12.1%... Groupon (GRPN) down 11.6%... Cray Inc (CRAY) down 10.2%... Twilio (TWLO) down 5.6%... Cornerston OnDemand (CSOD) down 5.2%... TripAdvisor (TRIP) down 5.0%... Kornit (KRNT) down 3.4%... Monolithic Power (MPWR) down 1.5%... HubSpot (HUBS) down 1.2%. Movers as of 18:45ET.
|
WU AMZN | Hot Stocks19:03 EDT Western Union debuts new payment option for Amazon shoppers in the Philippines - Western Union (WU) unveiled a new payment option that allows Amazon.com (AMZN) customers in the Philippines to pay in local currency for their Amazon.com purchases. The service is being offered initially in 10 countries - Chile, Colombia, Hong Kong, Indonesia, Kenya, Malaysia, Peru, Philippines, Taiwan and Thailand - enabling customers who prefer to pay in cash to shop Amazon.com's vast product selection. Western Union's platform is powering Amazon's new cross-border payment option, called Amazon PayCode, by processing the complex foreign exchange, settlement and money movement requirements for international e-commerce transactions.
|
RHI | Hot Stocks18:51 EDT Robert Half raises quarterly cash dividend to 31c from 28c per share - The cash dividend will be paid on March 15 to all shareholders of record as of February 25.
|
VTR | Hot Stocks18:45 EDT Ventas CEO says: '2019 will be a pivot back to growth' - In an interview on CNBC's Mad Money, Ventas CEO Debra Cafaro said: "2019 will be a pivot back to growth... We are going to use our balance sheet strength to pivot back to growth... There is significant net worth and resources for seniors to live comfortably in our communities... Medical office buildings are steady... We do see opportunities for external growth."
|
TWTR TSLA | Hot Stocks18:32 EDT Twitter CEO says Elon Musk 'most exciting' Twitter user - When asked by Recode's Kara Swisher who the "most exciting" person on Twitter (TWTR) is right now, CEO Jack Dorsey named Elon Musk, CEO of Tesla (TSLA). "He's focused on solving existential problems and sharing his thinking openly," Dorsey said. "I respect that a lot, and all the ups and downs that come with it."
|
PB | Hot Stocks18:31 EDT Prosperity Bancshares announces retirement of CFO David Hollaway - Prosperity Bancshares announced the retirement of David Hollaway, Chief Financial Officer of Prosperity Bancshares and Prosperity Bank effective April 1, 2019. Mr. Hollaway served as CFO since joining the Bank in 1992. Following his retirement as CFO, Mr. Hollaway plans to continue to work with the Bank in a reduced capacity for at least two years, assisting with the transition of his duties and other financial and operational matters. Prosperity has initiated a search for a successor.
|
TWTR | Hot Stocks18:30 EDT Twitter CEO says wants service to be valuable to people daily - When asked by Recode's Kara Swisher about switching to DAU instead of MAU as a key metric, Twitter CEO Jack Dorsey said that he wants the service to be valuable to people daily, and not monthly. "It's a higher bar for ourselves," Dorsey said. "Sure, it looks like a smaller absolute number, but the folks we have using Twitter are some of the most influential in the world. They drive conversation."
|
TWTR | Hot Stocks18:29 EDT Twitter CEO says always going to experiment with new models - When asked by Recode's Kara Swisher about the possibility of a subscription service, Twitter CEO Jack Dorsey said the company is always going to experiment with new models. "Periscope has super hearts, which allows us to learn about direct contribution," he said. "We'd need to figure out the value exchange on subscription. Has to be really high for us to charge directly."
|
TWTR | Hot Stocks18:28 EDT Twitter CEO says has improved work against automations, coordinated campaigns - When asked by Recode's Kara Swisher about the single biggest improvement since 2016 that "signals you're ready for the 2020 elections," Twitter CEO Jack Dorsey said that the biggest improvement has been the company's work against automations and coordinated campaigns, as well as partnering with government agencies to improve communication around threats. In response to a question about what level of confidence people should have that Russia or other state-sponsored actors won't be able to wreak havoc on next year's elections, Dorsey said that people should expect "a lot more coordination between governments and platforms to address. That would give me confidence. And have some skepticism too. That's healthy. The more we can do this work in public and share what we find, the better."
|
SHOP | Hot Stocks18:24 EDT Shopify COO says: 'We are really happy with how we ended the year' - In an interview on CNBC's Mad Money, Shopify COO Harley Finkelstein said: "We are really happy with how we ended the year... We have new entrepreneurs getting started for the first time as well as huge brand names... We plan to set aside about $30M for brand promotions in 2019... We have brands that didn't exist five years ago and they're doing incredibly well... We are a retail operating system... We aim to be the most important piece of software merchants use."
|
GLD | Hot Stocks18:14 EDT SPDR Gold Shares holdings fall to 798.89MT from 802.12MT - This is the lowest level of holdings since January 17th.
|
TWTR | Hot Stocks18:14 EDT In response to Trump query, Twitter CEO says doesn't depend on any one account - When asked by Recode's Kara Swisher if he'd considering suspending the account of U.S. President Donald Trump, Twitter CEO Jack Dorsey said he holds "all accounts to the same terms of service." "The most controversial aspect of our TOS is the newsworthy/public interest clause, the "protection" you mention," Dorsey said. "That doesn't extend to all public figures by default, but does speak to global leaders and seeing how they think." In response to a follow-up about whether Twitter's business and engagement would suffer when Trump is no longer president, the Twitter CEO said he doesn't believe that the service or business of Twitter is dependent on any single account or person. "I will say the number of politics conversations has significantly increased because of it, but that's just one experience on Twitter," he said. "There are multiple Twitters, all based on who you follow."
|
TWTR | Hot Stocks18:03 EDT Twitter CEO says platform tends to incentivize outrage, fast takes - When asked by Recode's Kara Swisher about how Twitter breaks and purges affect him, CEO Jack Dorsey said that he doesn't feel good about how the platform tends to incentivize outrage, fast takes, short term thinking, echo chambers, and fragmented conversation and consideration. "Are they fixable? I believe we can do a lot to address," Dorsey said. "And likely have to change more fundamentals to do so."
|
TWTR | Hot Stocks18:01 EDT Twitter CEO says he 'feels terrible' about breaks, purges - When asked by Recode's Kara Swisher about Twitter breaks and purges, CEO Jack Dorsey said that it "feels terrible" that users are choosing to use the platform less. "I want people to walk away from Twitter feeling like they learned something and feeling empowered to some degree," he said. "It depresses me when that's not the general vibe, and inspires me to figure it out. That's my desire."
|
FOX FOXA | Hot Stocks17:51 EDT 21st Century Fox exec Zweifach sells 36,007 Class A shares - In a regulatory filing, 21st Century Fox senior EVP and Group General Counsel Gerson Zweifach disclosed the sale of 36,007 Class A common shares of the company at a price of $49.41 per share.
|
TWTR | Hot Stocks17:47 EDT Twitter CEO says has evolved policies on misgendering - When asked by Recode's Kara Swisher to provide more specific examples of things Twitter has done to address abuse on the platform, Twitter CEO Jack Dorsey added that the platform has evolved its policies on misgendering, used ML to downrank "bad actors" behind interstitials, and plans to to have more "product features" to provide more control of bad behavior within the product. Dorsey added that the company looks at probability of abuse from any one account.
|
TWTR | Hot Stocks17:45 EDT Twitter CEO says has been 'much more aggressive' on coordinated behavior - When asked by Recode's Kara Swisher to provide examples of things Twitter has done to address abuse on the platform, Twitter CEO Jack Dorsey said that the company has evolved its policies, prioritized proactive enforcement to remove burden from victims, given more control in product such as muting accounts without profile pictures or associated phone and emails, and been "much more aggressive" on coordinated behavior.
|
FSFG | Hot Stocks17:38 EDT First Savings Financial Group director Samuel Eckart sells 2K shares - First Savings Financial Group director Samuel Eckart disclosed in a filing that he had sold 2,000 shares of company stock at an average price of $51.05 per share on February 8. The total transaction value was $102,094.
|
TWTR | Hot Stocks17:36 EDT Twitter CEO says 'tried to do too much in the past' on online abuse - When asked by Recode's Kara Swisher why he did not see the abuse that occured on the platform, Twitter CEO Jack Dorsey tweeted: "I think we tried to do too much in the past, and that leads to diluted answers and nothing impactful. There's a lot we need to address globally. We have to prioritize our resources according to impact. Otherwise we won't make much progress."
|
AKAM | Hot Stocks17:35 EDT Akamai sees Q1 Non-GAAP operating margin 28%-29% - Sees FY19 Non-GAAP operating margin 28%. Sees Q1 Adjusted EBITDA margin 41%-42%. Sees FY19 Adjusted EBITDA margin 41%. Sees Q1, FY19 Non-GAAP tax rate 18%.
|
TWTR SQ | Hot Stocks17:34 EDT Twitter CEO says system works reactively to reports of harm - In an interview with Recode's Kara Swisher via Tweets, Jack Dorsey, CEO of both Twitter (TWTR) and Square (SQ), said that most of Twitter's system today works reactively to someone reporting harmful behavior. "If they don't report, we don't see it," Dorsey said. "Doesn't scale. Hence the need to focus on proactive."
|
TWTR SQ | Hot Stocks17:32 EDT Twitter CEO says aiming to 'lower probability' of physical harm on platform - In an interview with Recode's Kara Swisher via Tweets, Jack Dorsey, CEO of both Twitter (TWTR) and Square (SQ), said that, in response to a question on how to stop abuse on Twitter from getting too far in the first place, the company can try within the product and policy to "lower probability." Dorsey added that he's trying to figure how to put physical safety above all else, and that he doesn't have "all the answers just yet."
|
TWTR SQ | Hot Stocks17:29 EDT Twitter CEO says abuse happens most often 'within replies' - In an interview with Recode's Kara Swisher via Tweets, Jack Dorsey, CEO of both Twitter (TWTR) and Square (SQ), said that abuse on Twitter happens most "likely within replies," which is why the company has been "more aggressive about proactively downranking behind interstitials, for example." In addition, Dorsey discussed the importance of physical safety off platform. "Doxxing is a good example which threatens physical safety," he tweeted. "So does coordinate harassment campaigns."
|
TWTR SQ | Hot Stocks17:17 EDT Twitter CEO says looking at ways to 'proactively enforce and promote health' - In an interview with Recode's Kara Swisher via Tweets, Jack Dorsey, CEO of both Twitter (TWTR) and Square (SQ), said that he is looking at ways to "proactively enforce and promote health" on Twitter so that "reporting/blocking is a last resort." "Problem we're trying to solve is taking that work away," Dorsey said.
|
GRPN | Hot Stocks17:17 EDT Groupon sees FY20 adjusted EBITDA rising to $300M or more - The company states: "Over time, as legacy headwinds subside and we execute against our strategy, I believe the power of our assets and potential will be more appreciated. As we look ahead, we expect 2019 will be a year defined by investments in our future. For 2019 we expect $270 million of Adjusted EBITDA, which includes sizeable investments in expanding our card-linked offers products, booking and partner integrations. These investments will be most significant in the first half of the year, where we will see some pressure on Gross Profit while setting the stage for stronger performance as we exit the year and build to 2020. Importantly, we anticipate that the investments we're making now, along with continued cost discipline, will put us on the path to achieving $300 million or more of Adjusted EBITDA in 2020 -- with significant upside potential over time should our initiatives on voucherless and conversion drive purchase frequency higher, as we have seen in early testing." Reference Link
|
TWTR SQ | Hot Stocks17:14 EDT Twitter CEO says aims to be proactive in promotion of 'healthy conversation' - In an interview with Recode's Kara Swisher via Tweets, Jack Dorsey, CEO of both Twitter (TWTR) and Square (SQ), said it is important to recognize that "we have to be proactive in enforcement and promotion of healthy conversation" on social media. "This is our first priority in #health," he told Swisher. "We have to change a lot of the fundamentals of product to fix."
|
ATVI | Hot Stocks17:12 EDT Activision Blizzard says restructuring plan focuses on reach, player engagement - Says will not generate meaningful operating income from Destiny this year. Says planning for a higher tax rate in FY19. Says fan base is looking for content to come more quickly and at a good cadence. Says it saw in-game softness at the end of 2018. Says has strong foundation of Call of Duty Black Ops 4 players and believes the fall launch will deliver significant buzz. Says working to increase development capacity.
|
GRPN | Hot Stocks17:11 EDT Groupon falls over 10% after Q4 earnings miss to $3.55
|
TWTR SQ | Hot Stocks17:10 EDT Dorsey tells Kara Swisher he would give himself a 'C' for tech responsibility - In an interview with Recode's Kara Swisher via Tweets, Jack Dorsey, CEO of both Twitter (TWTR) and Square (SQ), said that the tech industry is "prioritizing by impact now," adding he believes the number one thing we should focus on is someone's physical safety. On the topic of how he would grade himself and Silicon Valley as a whole when it comes to tech responsibility, Dorsey said he would give himself a "C," and that while there has been progress, it "has been scattered and not felt enough." "Changing the experience hasn't been meaningful enough. And we've put most of the burden on the victims of abuse (that's a huge fail)," Dorsey said.
|
GRPN | Hot Stocks17:10 EDT Groupon reports Q4 global units sold 172.3M, down 9% from last year
|
GRPN | Hot Stocks17:09 EDT Groupon reports Q4 adjusted EBITDA $104.6M vs. $105.3M last year
|
TRX | Hot Stocks17:02 EDT Tanzanian Royalty updates progress on drilling program - Tanzanian Royalty Exploration Corp is pleased to announce that its contractors Coreworthy and STAMICO are on-site, and the drills are operating.
|
M | Hot Stocks16:58 EDT Macy's names Patti Ongman Chief Merchandising Officer - Macy's announced that Patti Ongman has been named Chief Merchandising Officer of the Macy's brand, effective March 1. Ongman succeeds Jeff Kantor in this role, who previously announced his decision to retire. She currently serves as Macy's executive VPand general business manager for Home merchandise.
|
ARE | Hot Stocks16:54 EDT Alexandria Real Estate COO Jennifer Banks sells $660K in company shares - Alexandria Real Estate COO Jennifer Banks disclosed in a filing that she had sold 5,000 shares of company stock at an average price of $131.92 per share on February 8. The total transaction value was $659,600.
|
DXCM | Hot Stocks16:52 EDT Morgan Stanley reports 5.3% passive stake in DexCom - Morgan Stanley disclosed a 5.3% stake in DexCom, which represents over 4.75M shares. The filing does not allow for activism.
|
ATVI | Hot Stocks16:50 EDT Activision Blizzard sees net headcount reduction of 8% - Says Call of Duty Black Ops 4 hours have surpassed Black Ops 3. Says encouraged by response to second season launch in Black Ops 4. Says advertising initiative executed well. Says in-game execution was inadequate from some franchises. Says upcoming year will be a transition year with less content to offer than it should. Says investing more resources on biggest internally-owned franchises. Says investing more in development for biggest offerings. Says deprioritizing some initiatives to reduce development costs. Sees net head count reduction of 8%. Says number of developers working on biggest franchise to increase 20% in aggregate. Says increasing coordination across Call of Duty studios.
|
SJM | Hot Stocks16:45 EDT Smucker Foods of Canada to invest $12M in Sherbroke facility - Smucker Foods of Canada Corp., a subsidiary of The J. M. Smucker Company, has announced a $12M investment in its Sherbrooke manufacturing facility. The Sherbrooke facility, which has proudly been a part of the Quebec community since 1939, produces Carnation evaporated milk and Eagle Brand sweetened condensed milk products for Canadian consumers. The investment, supported in part by funding from the Federal Ministry of Agriculture and Agri-Food, will be used to upgrade equipment that will allow the facility to increase its flexibility and the variety of products produced. This improvement will also lead Smucker to broaden its sourcing of domestic milk.
|
AKAM | Hot Stocks16:43 EDT Akamai says anticipates further margin expansion in 2019 - Says: Security portfolio was fastest growing part of the business... Security business should grow at a "fast pace" for years to come. Comments from Q4 earnings conference call.
|
REXR | Hot Stocks16:41 EDT Rexford Industrial raises dividend 15.6% to 18.5c - The Company declared a quarterly dividend of 18.5c per share, an increase of 15.6% from the prior rate of 16c per share.
|
ATVI | Hot Stocks16:39 EDT Activision Blizzard says it is making changes across development teams - Says did not reach the engagement goals it wanted in 2018. Says making changes across development teams. Says staffing production on incubation efforts faster. Says pipeline is excellent. Says it is focusing on reducing and eliminating games not up to player expectations. Says will reduce complexity and duplication in back office functions. Comments taken from Q4 earnings conference call.
|
MDRX | Hot Stocks16:38 EDT Allscripts' Veradigm to partner with NextGen on data exchange - Veradigm, an Allscripts (MDRX) business, and NextGen Healthcare(NXGN) entered into a long-term agreement. This partnership will streamline workflow for healthcare provider clients and facilitate data sharing with a variety of key stakeholders, including health plans, life insurance companies, laboratories and research organizations.
|
JCOM | Hot Stocks16:38 EDT j2 Global raises quarterly dividend 2.3% to 44.5c per share - j2 Global said its board of directors approved a quarterly cash dividend of 44.5c per common share, a 1c, or 2.3% increase versus last quarter's dividend. This is j2's thirtieth consecutive quarterly dividend increase since its first quarterly dividend in September 2011. The dividend will be paid on March 12, 2019 to all shareholders of record as of the close of business on February 25, 2019. Future dividends will be subject to board approval.
|
TWLO | Hot Stocks16:35 EDT Twilio drops 3% to $111.99 following Q4 results
|
TRIP | Hot Stocks16:34 EDT TripAdvisor drops 4% to $57.70 following Q4 results, outlook
|
TRIP | Hot Stocks16:33 EDT TripAdvisor sees 2019 revenue, profit performance back-half weighted - The company said, "We expect year-over-year revenue and profit performance in both first half and full year 2019 will be back-half weighted due to various impacts of timing and lapping of investments and improvements, increased seasonality of our portfolio, currency and other factors....Navigating competitive environments and recent investment re-prioritization, the Other hotel line within our Hotel Segment as well as Rentals within our Non-Hotel segment are expected to see increased revenue headwinds in 2019, as, on balance, we operate these lines for near-term profit."
|
TRIP | Hot Stocks16:32 EDT TripAdvisor sees Hotel segment revenue trends 'less favorable' in Q1 - The company said, "The Hotel segment is forecast to again drive consolidated adjusted EBITDA growth and profit margin. We expect Q1 and first half 2019 Hotel segment revenue trends will be less favorable than the second half of 2019 - reflecting timing of our marketing reductions, year-over-year currency impacts and Other hotel re-alignments."
|
TRIP | Hot Stocks16:31 EDT TripAdvisor sees double-digit consolidated adjusted EBITDA growth in 2019 - TripAdvisor said. "We expect double-digit consolidated adjusted EBITDA growth in 2019, with differentiated revenue and profit focus by segment. We remain bullish on our long-term prospects and will continue to leverage our unique assets as we invest in profitable growth opportunities."
|
ATVI | Hot Stocks16:26 EDT Activision to de-prioritize underperforming initiatives, incur $150M charge - The company states: "In 2019, the company will increase development investment in its biggest franchises, enabling teams to accelerate the pace and quality of content for their communities and supporting a number of new product initiatives. The number of developers working on Call of Duty, Candy Crush, Overwatch, Warcraft, Hearthstone and Diablo in aggregate will increase approximately 20% over the course of 2019. The company will fund this greater investment by de-prioritizing initiatives that are not meeting expectations and reducing certain non-development and administrative-related costs across the business. The company is also integrating its global and regional sales and go-to-market, partnerships, and sponsorships capabilities. As part of these restructuring actions, the company expects to incur a GAAP-only pre-tax charge of approximately $150 million, the majority of which is expected to be incurred this year."
|
RM | Hot Stocks16:25 EDT Regional Management CFO Donald Thomas to retire - Regional Management Corp. announced that CFO Donald Thomas is retiring from Regional, pending the appointment of a new CFO. Thomas will remain in his role until a successor is chosen and will stay on to ensure a smooth and orderly transition. Regional has engaged an executive search firm to conduct a search for its new CFO.
|
ATVI | Hot Stocks16:24 EDT Activision Blizzard board authorizes 2-year $1.5B stock buyback
|
ATVI | Hot Stocks16:23 EDT Activision Blizzard raises annual dividend to 37c from 34c - The dividend is payable on May 9, 2019 to shareholders of record at the close of business on March 28, 2019.
|
ATVI | Hot Stocks16:22 EDT Activision Blizzard reports Q4 MAUs 53M for Activision unit - Also reports 35M MAUs for Blizzard and 268M for King.
|
QLYS | Hot Stocks16:22 EDT Qualys to acquire software assets of Adya - Qualys announced it has acquired the software assets of Adya. Qualys is working on fully integrating Adya's solutions with the Qualys Cloud Platform. Qualys currently expects this solution to be commercially available in Q3 2019.
|
AEP SRE | Hot Stocks16:20 EDT American Electric agrees to purchase wind assets from Sempra for $1.056B - American Electric Power (AEP) announced that its competitive renewable energy subsidiary has signed an agreement to acquire Sempra Renewables LLC and its 724 megawatts of operating wind generation and battery assets for approximately $1.056B, including $551M in cash, assumption of $343M in existing project debt and $162M in tax equity obligation. The final acquisition cost will be subject to closing and working capital adjustments. Sempra Renewables, a subsidiary of Sempra Energy (SRE), jointly owns all or part of seven wind farms and one battery installation in seven states. Five of the wind farms are jointly owned with BP Wind Energy. BP Wind Energy will retain its ownership share of those projects. "Our long-term strategy is focused on diversifying our generation portfolio including expanding our ownership of renewable generation. We targeted $2.2B of capital investment in competitive, contracted renewables by 2023. Adding these high-quality renewable assets to our portfolio will achieve a significant portion of that goal this year. The long-term contracts and attractive returns associated with these existing assets will be immediately accretive to earnings and solidify our projected 5%-7% earnings growth rate. The business also includes a pipeline of development projects that could provide additional value," said Nicholas Akins, AEP chairman, president and CEO.
|
TWLO | Hot Stocks16:20 EDT Twilio guidance includes outlook for SendGrid - Twilio said its guidance includes the outlook for SendGrid from February 1, 2019, the date of acquisition.
|
AEP SRE | Hot Stocks16:18 EDT American Electric agrees to purchase wind assets from Sempra for $1.056B
|
SHO | Hot Stocks16:17 EDT Sunstone Hotel sees FY19 AFFO $1.01-$1.11, consensus $1.11 - Sees FY19 net income $100M-$134M; and 21 Hotel Comparable Portfolio RevPAR Growth 0.0%-3.0%.
|
MRCY | Hot Stocks16:16 EDT Mercury Systems receives $3.5M order for rugged servers - Mercury Systems announced it received a $3.5M order from a leading defense prime contractor for rugged servers to be used in a naval subsurface application. The order was booked inQ3.
|
SHO | Hot Stocks16:15 EDT Sunstone Hotel sees Q1 AFFO 18c-20c - Sees Q1 net income $10M-$14M; and 21 Hotel Comparable Portfolio RevPAR Growth 2.5%-4.5%.
|
DENN | Hot Stocks16:11 EDT Denny's sees FY19 SSS up 0%-2% - Sees 35 to 45 new restaurant openings, with approximately flat net restaurant growth in FY19. Sees FY19 adjusted EBITDA $95M-$100M.
|
AGNC | Hot Stocks16:09 EDT AGNC Investment reports estimated tangible net book value of $17.11 per share - The company announced its estimated tangible net book value of $17.11 per common share as of January 31. The estimate of tangible net book value includes deductions for the company's January 2019 dividend of 18c per common share, which was declared on January 10 with a January 31 record date.
|
EXEL | Hot Stocks16:08 EDT Exelixis says business 'has never been stronger' - The company said, "This momentum has continued as we've headed into 2019. CABOMETYX received its latest FDA approval to treat patients with hepatocellular cancer who have received prior sorafenib, and our team is hard at work bringing this important new treatment option to patients. In addition, MINNEBRO, a Daiichi Sankyo product that was discovered through a collaboration with Exelixis, was approved in Japan to treat hypertension, providing us with yet another source of future milestone and royalty revenue. As Exelixis enters its twenty-fifth year, I'm proud to say we've moved through challenging times to come full circle: we are back to our research roots, paired now with our proven development and fully realized commercial engines. Our business - and commitment to improving the lives of patients with cancer - has never been stronger."
|
ZAYO | Hot Stocks16:08 EDT Zayo Group names Jack Waters COO - Zayo Group Holdings, Inc. announced that it has appointed Jack Waters as President, Zayo Networks and Chief Operating Officer of Zayo Group Holdings, Inc. In this expanded role, Waters will lead the company's global Networks business, including the fiber solutions, transport, enterprise and strategic networks businesses in addition to network operations and security. Waters has served as Zayo's Chief Technology Officer and President, Fiber Solutions since August 2016.
|
EXEL | Hot Stocks16:08 EDT Exelixis to initiate phase 1 clinical development of XL092 - Exelixis announced it is initiating phase 1 clinical development for XL092, the first internally-discovered Exelixis compound to enter the clinic following the company's reinitiation of drug discovery activities. XL092 is a next-generation oral tyrosine kinase inhibitor that targets VEGF receptors, MET, and other kinases implicated in cancer's growth and spread. The molecule is the subject of an active Investigational New Drug application Exelixis submitted to the U.S. Food and Drug Administration in December 2018. The multi-center phase 1 clinical trial is designed to evaluate the pharmacokinetics, safety and tolerability of XL092. The trial is divided into dose-escalation and expansion phases. The dose-escalation phase of the trial will enroll patients with advanced solid tumors, with the primary objective of determining a dose for daily oral administration of XL092 suitable for further evaluation. Assuming positive data from the initial phase of the trial, the expansion phase is designed to further explore the selected dose of XL092 in individual tumor cohorts, where safety, tolerability, and initial clinical activity would be evaluated.
|
AKAM | Hot Stocks16:07 EDT Akamai CEO says 'well on our way to achieving our 30% margin goal in 2020' - "We were very pleased with our strong finish to the year. Both revenue and earnings exceeded our expectations due to the very rapid growth of our cloud security business, robust seasonal traffic and our continued focus on operational excellence," said Dr. Tom Leighton, CEO of Akamai. "As a result, we achieved our fifth consecutive quarter of non-GAAP operating margin improvement, and we are well on our way to achieving our 30% margin goal in 2020, while continuing to invest in innovation and new products to drive future growth."
|
MN | Hot Stocks16:07 EDT Manning & Napier reports preliminary AUM $20.7B as of January 31 - Manning & Napier reported preliminary assets under management, or AUM, as of January 31 of $20.7B compared with $20.2B at December 31, 2018.
|
CLF | Hot Stocks16:06 EDT Cleveland-Cliffs names Keith Koci as new CFO - Cleveland-Cliffs announced that Keith A. Koci has been appointed Executive Vice President, Chief Financial Officer of the company, effective immediately. Mr. Koci replaces Timothy K. Flanagan, who will be leaving the company, effective immediately. Mr. Koci joins Cliffs from Metals USA Holdings, where he served most recently as its Senior Vice President and Chief Financial Officer.
|
AKAM | Hot Stocks16:05 EDT Akamai announces Ed McGowan to succeed Jim Benson as CFO - Akamai announced a planned transition in leadership within the company's finance organization. Ed McGowan, Senior Vice President of Finance, will succeed Jim Benson as Executive Vice President and CFO, effective March 1. After nine years at Akamai (and seven as CFO), Benson has decided to retire from Akamai to pursue his next set of challenges. He will serve as an Executive Advisor through an extended transition period. McGowan is an 18-year Akamai veteran who began his career at the company in Finance and Sales Operations and then held executive roles in Corporate Development and Global Media and Carrier Sales.
|
MRNA | Hot Stocks16:05 EDT Moderna announces positive phase 1 data for hMPV/PIV3 combination vaccine - Moderna announced topline data from the first planned interim analysis of safety and immunogenicity from its Phase 1 study of mRNA-1653 in healthy adults. mRNA-1653 is a wholly-owned program in Moderna's prophylactic vaccine modality. mRNA-1653 is designed to protect against human metapneumovirus and parainfluenza type 3, two viruses that cause respiratory infections. It is a combination vaccine that consists of two distinct mRNA sequences encoding the fusion proteins of hMPV and PIV3 formulated in Moderna's proprietary lipid nanoparticle technology. These Phase 1 interim data show that a single vaccination with mRNA-1653 boosted serum neutralization titers against hMPV and PIV3, and that the magnitude of the boost was similar at all dose levels tested. Consistent with prior exposure to hMPV and PIV3, all study participants had neutralizing antibodies against both viruses at baseline. One month after a single mRNA-1653 vaccination, the hMPV neutralization titers were approximately six-fold baseline and PIV3 neutralization titers were approximately three-fold baseline. A second mRNA-1653 vaccination one month after the first vaccination did not further boost antibody titers, suggesting a single vaccination was sufficient to achieve a plateau in neutralizing antibodies in this pre-exposed population.
|
AQ | Hot Stocks16:04 EDT Aquantia, Sumitomo Electric announce strategic partnership - Sumitomo Electric Industries, Ltd. and Aquantia Corp. announced a strategic partnership for Sumitomo Electric to deliver Multi-Gig Ethernet connectivity products to global manufacturers of autonomous vehicles. Sumitomo Electric solutions span a wide range of technical capabilities with extensive deployment in Japan, as well as other major geographies. This Tier 1 technology supplier provides the global automotive market with a broad range of products and is focused on helping to create an automotive ecosystem characterized by safety, comfort and environmental responsibility. The products, Sumitomo Electric connectors, cables and subsystem capabilities combined with Aquantia AQcelerate automotive PHYs, are targeted at In-Vehicle Networks that enable new levels of autonomous driving. The agreement will allow the two companies to co-develop new capabilities for Aquantia AQcelerate devices that meet the needs of Sumitomo Electric's global customers.
|
AKAM MUFG | Hot Stocks16:03 EDT Akamai and Mitsubishi UFJ establish GO-NET joint venture - Akamai Technologies (AKAM) and Mitsubishi UFJ Financial Group (MUFG) announced an expansion of their relationship through the establishment of a joint venture, the Global Open Network, or GO-NET, and their plans to offer a new blockchain-based online payment network enabling next-generation transaction security, scale and responsiveness. GO-NET is the result of more than three years of close collaboration between Akamai and MUFG. Both Akamai and MUFG will be investors in GO-NET, which is expected to make the new payment network available in Japan during the first half of 2020. GO-NET aims to provide a comprehensive set of services, including support for existing payment processing functions, pay-per-use, micropayments and other developing IoT-enabled payment transactions.
|
DCOM | Hot Stocks15:28 EDT Dime Community appoints Michael Fegan as Chief Technology Officer - Dime Community Bancshares, the parent company of Dime Community Bank, announced the appointment of Michael Fegan as Chief Technology Officer of the organization. Prior to joining Dime, Fegan served as the Chief Information and Operations Officer of Investors Bank, where he directed the Information Technology, Client Care, PMO, Deposit Services, Cash Management and Loan Servicing functions.
|
AIQUY | Hot Stocks15:21 EDT Airgas to acquire CI Capital's Tech Air, terms not disclosed - Private equity firm CI Capital Partners elaborated on the recent sale of one of its portfolio companies, Tech Air. Tech Air, a distributor of industrial, medical, and specialty gases headquartered in Danbury, Connecticut, will be acquired by Airgas, an Air Liquide company. The transaction was announced upon signing of a definitive agreement on February 6, 2019. The companies expect to close the transaction later this year. Under CI Capital's ownership, Tech Air completed 28 add-on acquisitions. The company increased revenue twelvefold. Tech Air's EBITDA increased 19 times. The company's operations expanded from two to 14 states. Tech Air was acquired by CI Capital Partners and Tech Air management and was built up following a "buy-and-build" strategy.
|
TWIN | Hot Stocks15:02 EDT Twin Disc announces sale of Mill Log for $7.5M - Twin Disc announced that effective March 4, 2019, Palmer Johnson Power Systems will acquire Twin Disc's distribution rights to sell and service Twin Disc products previously supported by Mill Log Equipment Co., Inc. and Mill Log Wilson Equipment. As part of the transaction, Palmer Johnson Power Systems will purchase inventory and operational assets from Twin Disc. Palmer Johnson Power Systems will acquire Mill Log's assets and distribution rights in the Pacific Northwest and Western Canada for approximately $7.5M.
|
FUN | Hot Stocks14:59 EDT Janus Henderson reports 8% passive stake in Cedar Fair - In a regulatory filing, Janus Henderson disclosed an 8% stake in Cedar Fair, which represents about 4.5M shares. The filing does not allow for activism.
|
VIVHY | Hot Stocks14:39 EDT Vivendi's Universal Music Group to acquire Ingrooves Music Group - Universal Music Group or UMG is strengthening its commitment to independent artists and labels through an agreement to acquire Ingrooves Music Group, an innovative independent music distribution and marketing company. UMG has been a minority investor in Ingrooves since 2006, and under the agreement, will acquire the shares of Ingrooves that it doesn't already own. After the transaction closes, Ingrooves Chief Executive Officer Bob Roback will continue to lead the company as a standalone unit within UMG.The acquisition of Ingrooves is expected to close before the end of the current quarter and complements UMG's existing distribution and marketing relationships with the global independent music community. As a longtime partner and client of Ingrooves, UMG has a deep understanding of the company and its innovative technology and data insights, and will work closely with the Ingrooves management team to provide additional resources and expanded geographic reach.Additionally, UMG will form a strategic partnership between its Caroline International division and Ingrooves to form a robust platform for distribution, marketing and label and artist services throughout the world. Universal Music Group is a Vivendi company. Reference Link
|
WEC | Hot Stocks14:28 EDT WEC Energy says on track to meet 2019 guidance - Says "very pleased" with 2018 performance. Says made "significant progress" in "nearly every measure." Says Foxconn (HNHPF) has so far invested $200M in Wisconsin. Says on track to meet 2019 guidance. Says 2019 off to "strong start." Sees lower tax rate in 2019. Says continues to see customer growth across its systems. Comments taken from Q4 earnings conference call.
|
SEAC | Hot Stocks14:22 EDT SeaChange shareholder Neuberger Berman to discuss possible changes to board - Neuberger Berman, which disclosed a 5.6% stake in SeaChange, said in a regulatory filing that they have determined to engage in active discussions with the company's management, board of directors and/or other shareholders concerning possible changes to the company's board of directors, including changes proposed by other shareholders. Neuberger said they may also "engage in discussions with the company's management, board of directors and other shareholders regarding the company's business, operations, management, governance, strategy and future plans. The objective of such discussions will be to create sustained value for long term shareholders."
|
ADIL | Hot Stocks13:20 EDT Adial Pharmaceuticals sees Phase 3 trial for AD04 in 1H19 - Adial Pharmaceuticals announced earlier that it has appointed Professor Markus Heilig, MD, PhD as a Scientific Advisory Board member. The SAB is charged with helping to guide the company's strategy and advance AD04, its lead therapeutic agent for AUD, with Phase 3 trials expected to commence in the first half of 2019.Shares of Adial Pharmaceuticals are down 13% to $4.60 per share in afternoon trading.
|
MYL | Hot Stocks13:15 EDT Mylan Chief Legal Officer to return to private practice in April - Mylan last night disclosed that Daniel Gallagher, its Chief Legal Officer, informed the company of his intention to return to private practice in the Washington, D.C. area at the conclusion of the current term of his employment agreement in April. Mylan and Gallagher expect to enter into a consulting agreement prior to his departure pursuant to which he will remain an advisor for a period of one year following his departure.
|
TMUS S | Hot Stocks13:08 EDT Democratic senators urge FCC, DOJ to reject T-Mobile-Sprint deal - A group of Democratic senators, including Amy Klobuchar, Kirsten Gillibrand Elizabeth Warren, Sherrod Brown, and Corey Booker, as well as independent senator Bernie Sanders, sent letters to FCC chairman Ajit Pai and DOJ antitrust chief Makan Delrahim urging them to reject the proposed merger between T-Mobile (TMUS) and Sprint (S). The letters claim that the proposed deal will likely raise prices for consumers, harm workers, stifle competition, exacerbate the digital divide, and undermine innovation. In addition, the senators said they remain unconvinced that the merger would speed up the deployment of next-generation 5G networks or extend affordable coverage to all Americans. Reference Link
|
MS CWCO | Hot Stocks12:51 EDT Morgan Stanley reports 5% passive stake in Consolidated Water - In a regulatory filing, Morgan Stanley (MS) disclosed a 5% stake in Consolidated Water, which represents about 755,000 shares. The filing does not allow for activism.
|
COHU | Hot Stocks12:36 EDT Barrow, Hanley reports 6.26% passive stake in Cohu - arrow, Hanley, Mewhinney & Strauss's 6.26% passive stake represents 2,546,810 shares of Cohu shares. This stake does not allow for activism.
|
ALL | Hot Stocks12:31 EDT Allstate acquires iCracked, terms not disclosed - The Allstate Corporation has acquired iCracked, a provider of on-site, on-demand repair services for smartphones and tablets in North America. The privately held San Francisco-based company will join SquareTrade, an Allstate company that offers consumer protection plans and tech support.
|
FDX | Hot Stocks12:13 EDT FedEx Logistics to move global headquarters to downtown Memphis - FedEx Logistics, a subsidiary of FedEx Corporation, announced that it will move its global headquarters to the former Gibson Guitar factory building in downtown Memphis, consolidating multiple locations and nearly 700 team members into the new location over the next several years. FedEx Logistics has executed a multi-year lease to move its offices to the former Gibson Guitar factory building beginning April 2020. While the existing building comprised 154,000 square feet when purchased, FedEx Logistics staff size and spatial needs will prompt the construction of an additional mezzanine to grow total square footage to just under 200,000 square feet. LRK has been engaged as architect for the project.
|
GD | Hot Stocks12:02 EDT General Dynamics awarded $491M DISA contract to support network infrastructures - General Dynamics Information Technology announced it will continue supporting the Defense Information Systems Agency's Joint Service Provider Enterprise Transport Management-Next Generation program. DISA awarded the $491M blanket purchase agreement to GDIT under its GSA IT Schedule 70 contract vehicle. It includes a one-year base period with four one-year options. Through the JSP ETM-NG program, GDIT will continue to operate, maintain, deploy and manage the full complement of Pentagon and regional government-furnished network infrastructures. This provides levels of service and performance that enable JSP customers to meet their mission requirements. GDIT's work encompasses the Pentagon, 85 external locations and areas up to 150 miles from the national capital region.
|
TAP | Hot Stocks12:00 EDT Molson Coors falls -9.3% - Molson Coors is down -9.3%, or -$6.05 to $59.30.
|
CPE | Hot Stocks12:00 EDT Callon Petroleum falls -10.5% - Callon Petroleum is down -10.5%, or -85c to $7.23.
|
TOWR | Hot Stocks12:00 EDT Tower International falls -11.8% - Tower International is down -11.8%, or -$3.31 to $24.80.
|
TROX | Hot Stocks12:00 EDT Tronox rises 18.2% - Tronox is up 18.2%, or $1.62 to $10.54.
|
PYX | Hot Stocks12:00 EDT Pyxus rises 20.4% - Pyxus is up 20.4%, or $3.54 to $20.90.
|
ELLI | Hot Stocks12:00 EDT Ellie Mae rises 21.0% - Ellie Mae is up 21.0%, or $17.18 to $99.10.
|
AUBN | Hot Stocks11:51 EDT Auburn National Bancorporation raises dividend 4.2% to 25c per share - The board of directors of Auburn National Bancorporation declared a first quarter 25c per share cash dividend, payable March 25, 2019 to shareholders of record as of March 8, 2019. This represents a 4.2% increase over dividends declared for the first quarter of 2018.
|
IBM | Hot Stocks11:39 EDT IBM announces new hybrid cloud offerings for businesses - IBM announced new hybrid cloud offerings to help businesses migrate, integrate and manage applications and workloads seamlessly and with security across any public or private cloud and on-premises IT environment. IBM is launching new hybrid cloud tools and services designed to help enterprises navigate the complexities of this new landscape: New IBM Cloud Integration Platform designed to reduce time and complexity to launch new services and applications across cloud environments in a consistent and secure manner. New IBM Services designed to advise on holistic cloud strategies. New IBM Services designed to simplify the management of resources across cloud environments. New services designed to provide security for data and applications in the public cloud.
|
IBM | Hot Stocks11:37 EDT IBM, ICBC Argentina strike $63M services agreement - ICBC Argentina announced a five-year $63M agreement with IBM Services. As part of the agreement, ICBC Argentina is "redefining the Bank's customer experience with IBM AI and Cloud, which will allow the bank to improve response time by predicting 75% of specific system failures, understand online user behavior and preferences in its home banking platform, reduce up to 30% of client queries through online services powered by Watson, and innovating in personalized experiences by driving the convergence between physical and digital branches." IBM will also continue managing the bank's infrastructure.
|
IBM | Hot Stocks11:36 EDT IBM says Watson portable across any cloud, empowered businesses - IBM said it has made Watson portable across any cloud and empowered businesses to prevent vendor lock-in and start deploying AI wherever their data resides. With these tools in place, organizations can: Run IBM Watson services, including Watson Assistant and Watson OpenScale, on any cloud; Deploy AI software that automates business processes for improved efficiencies and performance.
|
IBM | Hot Stocks11:33 EDT IBM makes Watson portable across any cloud and empowered businesses - IBM announced a new chapter in the journey from AI experimentation to wide-scale deployment and industry transformation. IBM has made Watson portable across any cloud and empowered businesses to prevent vendor lock-in and start deploying AI wherever their data resides."Businesses have largely been limited to experimenting with AI in siloes due to the limitations caused by cloud provider lock-in of their data," said Rob Thomas, General Manager, IBM Data and AI. "With most large organizations storing data across hybrid cloud environments, they need the freedom and choice to apply AI to their data wherever it is stored. By breaking open that siloed infrastructure we can help businesses accelerate their transformation through AI." Watson, IBM's AI, is designed to help organizations put AI to work to improve the performance of business. With a clear set of applications, development tools, machine learning models, and management services, Watson is helping organizations around the world mine their data, predict outcomes, and automate time- and resource-sensitive processes.
|
AFLYY DAL | Hot Stocks11:23 EDT EU clears Air France-KLM, Delta, Virgin group deal over Virgin Atlantic - The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of joint control over Virgin Atlantic by Air France-KLM (AFLYY), Delta (DAL) and Virgin Group. The Commission concluded the transaction would raise no competition concerns in the European Economic Area. The decision concerns the proposed acquisition by Air France-KLM of a 31% joint-controlling interest in Virgin Atlantic Limited, which leads to joint control over Virgin Atlantic by Air France-KLM, Delta Air Lines Inc. and Virgin Group. The Commission concluded that the proposed transaction would raise no competition concerns in any of the relevant markets and cleared the case unconditionally.
|
BAESY | Hot Stocks11:02 EDT BAE Systems awarded $74.7M contract for Holston Ammunition Plant modernization - BAE Systems has received a $74.7M U.S. Army contract to design, construct and commission a new facility that will improve production efficiency and modernize energetics manufacturing at the installation. The construction of the Recrystallization and Slurry Coating Formulation facility at the Holston Army Ammunition Plant will play a vital part in the manufacturing process of several products that supports the military and is one of several multi-year U.S. Army-driven modernization requirements for the installation. The new facility, designed with state-of-the-art safety and environmental controls, allows for energetics to be "recrystallized" to meet quality and formulation specifications. The new facility will also have dual use capability to "dewater" material in order to prepare it for further processing.
|
IPGP | Hot Stocks10:46 EDT IPG Photonics sees Q1 gross margin 48%-50% - Comment taken from the Q4 earnings conference call.
|
SPG | Hot Stocks10:25 EDT Simon Property announces new $2B common stock repurchase program - Simon Property announced that the company's board of directors authorized a new common stock repurchase program. Under the new program, the company may purchase up to $2B of its common stock over the next 24 months, as market conditions warrant. The shares may be repurchased in the open market or in privately negotiated transactions. This new $2B program replaces the previous program that had been scheduled to expire on March 31, 2019 of which approximately $633M was available.
|
ECA NFX | Hot Stocks10:19 EDT Encana, Newfield Exploration receive shareholder approvals for acquisition - Encana Corporation (ECA) and Newfield Exploration Company (NFX) announced that the proposals necessary for the companies' planned strategic combination were approved at the special shareholder meetings held today. The transaction will create North America's premier resource company. The transaction is expected to close on February 13, 2019, subject to satisfaction of remaining customary closing conditions. Newfield stockholders will receive 2.6719 Encana common shares for each share of Newfield common stock. Upon completion of the transaction, Encana shareholders prior to the merger will own approximately 63.5% and Newfield stockholders prior to the merger will own approximately 36.5% of the combined company.
|
MCK | Hot Stocks10:07 EDT McKesson accused of illegal opioid scheme, FDA says - FDA Commissioner Scott Gottlieb said in a statement that "As part of our work to secure the drug supply chain, we're announcing that the FDA has issued its first warning letter under the Drug Supply Chain Security Act to McKesson Corp. for violations highlighted by a concerning tampering incident that involved opioid medications. Other incidents involved medications for serious medical conditions including HIV, seizures, bipolar disorder and high blood pressure. The warning letter to McKesson outlines violations observed during inspections that took place this past summer, including failing to: sufficiently respond to notifications that there was illegitimate product in their supply chain; quarantine and investigate suspect products; and maintain records of investigations of suspect product and disposition of illegitimate product as the law requires. In one instance outlined in the letter, McKesson was notified by a pharmacy customer that multiple of their pharmacy locations received bottles that were supposed to contain potent opioid pills. However, once opened, the pharmacies discovered that bottles at three pharmacy locations did not contain the correct medications, and the opioid pills were missing, having been replaced with other non-opioid medications. The pharmacy customer notified McKesson about the discovery of illegitimate products. While McKesson's internal investigation noted that it was likely the opioid medication was replaced while in their possession or control, McKesson did not sufficiently respond to the notification that they may have distributed illegitimate products. McKesson could not demonstrate that they took efforts to identify or quarantine additional illegitimate products that may have still been in their distribution facilities. Additionally, McKesson did not notify other pharmacy customers who may have received products with the same lot number or National Drug Code to make them aware of potential illegitimate product in the supply chain." Reference Link
|
M | Hot Stocks10:03 EDT Macy's, ZENZII announce partnership agreement - ZENZII announces that Macy's, Inc. is now their newest retail partner and will be selling a select assortment of their accessories in over 130 full-line stores. ZENZII is "known for its fashion jewelry that combines statement styles with high quality materials," the companies said.
|
MYL GSK | Hot Stocks10:02 EDT Mylan launches Advair Diskus generic Wixela Inhub - Mylan N.V. (MYL) announced the launch of the first FDA-approved therapeutically equivalent, substitutable generic of ADVAIR DISKUS, Wixela Inhub, approved by the U.S. Food and Drug Administration through the Abbreviated New Drug Application pathway. Wixela Inhub is indicated for certain patients with asthma or chronic obstructive pulmonary disease. All three strengths of Wixela Inhub will be offered at a wholesale acquisition cost* 70% less than ADVAIR DISKUS and 67% less than GSK's (GSK) authorized generic version which launched on Feb. 8. The wholesale acquisition costs of Wixela Inhub 100 mcg/50 mcg, 250 mcg/50 mcg and 500 mcg/50 mcg strengths are $93.71, $116.44 and $153.14, respectively.
|
AJG | Hot Stocks10:01 EDT Arthur J. Gallagher acquires Surety Solutions and Agency Multiplied - Arthur J. Gallagher & Co. announced the acquisition of Salem, Oregon-based Surety Solutions and Agency Multiplied. Terms of the transaction were not disclosed. Surety Solutions is a surety focused agency that specializes in offering surety bonds for mortgage brokers, artisan contractors and other industries across the United States. Agency Multiplied developed the bond processing software used by Surety Solutions to efficiently process these transactions.
|
DWT | Hot Stocks10:00 EDT Britannia Bulk falls -7.6% - Britannia Bulk is down -7.6%, or -77c to $9.31.
|
CMP | Hot Stocks10:00 EDT Compass Minerals falls -9.1% - Compass Minerals is down -9.1%, or -$4.78 to $47.84.
|
TOWR | Hot Stocks10:00 EDT Tower International falls -12.2% - Tower International is down -12.2%, or -$3.44 to $24.66.
|
TROX | Hot Stocks10:00 EDT Tronox rises 14.2% - Tronox is up 14.2%, or $1.27 to $10.19.
|
COTY | Hot Stocks10:00 EDT Coty rises 14.2% - Coty is up 14.2%, or $1.37 to $11.03.
|
ELLI | Hot Stocks10:00 EDT Ellie Mae rises 21.4% - Ellie Mae is up 21.4%, or $17.52 to $99.44.
|
BRQS | Hot Stocks09:58 EDT Borqs Technologies Inc trading resumes
|
CVNA | Hot Stocks09:55 EDT Carvana dips as Spruce Point sees '100% long-term downside' for shares - Shares of Carvana are sliding in early trading after Spruce Point issued a critical report on the company with a "Strong Sell" recommendation, stating that it sees 50%-70% downside in the near-term and the potential for "100% long-term downside." Carvana, "a used car auto dealership masquerading as a high-growth technology-disruptive business," is "becoming increasingly dependent on aggressive accounting and issuing stock grants to project growth to investors," Spruce Point stated in its short report. In early trading, Carvana shares have slid $1.26, or 4%, to $30.72.Reference Link
|
CVNA | Hot Stocks09:52 EDT Carvana drops 4% to $30.63 after Spruce Point starts at Strong Sell
|
ASGN | Hot Stocks09:50 EDT ECS named prime awardee on $3B ProTech Oceans Domain IDIQ - ECS has been named a prime awardee on ProTech Oceans Domain, a five-year, $3B multiple-award indefinite delivery/indefinite quantity contract serving the National Oceanic and Atmospheric Administration's National Ocean Service. The award comes on the heels of ECS winning prime contractor status on the ProTech Fisheries Domain IDIQ in September 2018. On the ProTech Oceans Domain contract, ECS will lead a team of scientists, engineers, and consultants to support NOS' mission to address evolving economic, environmental, and social pressures on oceans and coasts. Primary subject areas include navigation services, coastal research and observations, emergency response, and place-based conservation. The ECS team will provide applied research, development, engineering, and operations solutions; conduct and produce oceanographic studies, analyses, and reports; carry out field sampling, data collection, and surveys; and provide additional services including consulting, program and project management, and capacity building.
|
CVNA | Hot Stocks09:50 EDT Carvana initiated with a Strong Sell at Spruce Point
|
CVNA | Hot Stocks09:49 EDT Carvana initiated with a Strone Sell at Spruce Point
|
JNPR | Hot Stocks09:49 EDT Juniper announces 'major refresh' to metro, edge and core solutions - Juniper Networks announced what the company called "a major refresh" to its metro, edge and core solutions intended to "accelerate service providers' 5G transformation." Juniper said: "Comprised of IP optimized silicon enabling industry-leading 400GbE density on a new 14.4Tb line card, new ACX access and aggregation platforms and an expanded MX 5G router portfolio, these new Juniper solutions will help service providers achieve a holistic approach to infrastructure transformation. Combined with Juniper's Contrail software portfolio, these new infrastructure enhancements deliver a secure, automated and cloud-centric architecture that will unlock new revenue opportunities for service providers." The Juniper Penta Silicon-powered MPC11E line cards for MX2000 and Triton Silicon-powered 14.4Tb line cards for the PTX10008 are expected to be available during the second half of 2019. The 1 and 3 RU ACX700 will be available in early 2020.
|
BRQS | Hot Stocks09:48 EDT Borqs Technologies Inc trading halted, volatility trading pause
|
ACB | Hot Stocks09:47 EDT Aurora Cannabis falls -6.1% - Aurora Cannabis is down -6.1%, or -44c to $6.73.
|
SHOP | Hot Stocks09:47 EDT Shopify falls -6.5% - Shopify is down -6.5%, or -$11.25 to $161.92.
|
DWT | Hot Stocks09:47 EDT Britannia Bulk falls -8.1% - Britannia Bulk is down -8.1%, or -82c to $9.26.
|
RAMP | Hot Stocks09:47 EDT LiveRamp rises 12.1% - LiveRamp is up 12.1%, or $5.33 to $49.41.
|
COTY | Hot Stocks09:47 EDT Coty rises 17.5% - Coty is up 17.5%, or $1.69 to $11.35.
|
ELLI | Hot Stocks09:47 EDT Ellie Mae rises 21.1% - Ellie Mae is up 21.1%, or $17.29 to $99.20.
|
WORX | Hot Stocks09:35 EDT SCWorx Corporation trading resumes
|
PULM | Hot Stocks09:31 EDT Pulmatrix awarded five new patents - Pulmatrix has been awarded five new patents that expand the intellectual property protection for Pulmatrix's PUR1800 and PUR5700 programs. These patents expand the intellectual property protection for Pulmatrix's novel Inhaled Narrow Spectrum Kinase Inhibitors which were in licensed from Janssen in June 2017. The US Patent Office granted US Patent No. 9,993,478 B2, which claims dry powder formulations that contain certain narrow spectrum kinase inhibitors as the active pharmaceutical ingredient and cover dry powder formulations of the in licensed compound RV-1162. RV-1162 is the active pharmaceutical ingredient in PUR1800. Pulmatrix has also received four new patents for the compound RV-7031, the active pharmaceutical ingredient in PUR5700. In the US, the United States Patent Office granted US Patent Nos. 9,884,845 B2 and 10,045,980 B2 which contain claims that cover RV-7031 as a composition of matter and also claims that cover dry powder formulations of RV-7031. In the EU, the European Patent Office granted European Patents Nos. 3105222 B1 and 3105223 B1 with claims that cover RV-7031 as a composition of matter and claims that cover dry powder formulations of RV-7031 alone or in combination with other therapeutic agents.
|
FMC | Hot Stocks09:31 EDT FMC Corporation sees FY19 effective tax rate 14%-16% - Sees FY19 capital expenditures $140M-$160M. Sees FY19 free cash flow $375M-$475M. Sees FX headwinds in first half of 2019. Guidance taken from Q4 earnings conference call.
|
UA UAA | Hot Stocks09:31 EDT Under Armour says Curry 6 'doing great in the market'
|
WORX | Hot Stocks09:30 EDT SCWorx Corporation trading halted, volatility trading pause
|
CLFD | Hot Stocks09:23 EDT Clearfield partners with Sales Outsource Solutions for Canadian market growth - Clearfield announced that it has signed Sales Outsource Solutions as part of its manufacturer's representative program to focus on the emerging all-fiber access opportunities throughout Canada. SOS Group brings decades of experience delivering turnkey solutions for telecom outside of plant, wireless, and industrial automation networks. Through its network of representative firms, Clearfield's comprehensive portfolio of fiber optic management, protection and delivery products, as well as active and passive outdoor cabinets, can easily be integrated into any network looking to push fiber farther and faster. SOS Group provides Clearfield with a dedicated team of sales, support and staff professionals providing expanded penetration into key markets across Canada.
|
UA UAA | Hot Stocks09:22 EDT Under Armour sees DTC down 'a little' in Q1
|
MRO | Hot Stocks09:19 EDT Marathon Oil subsidiary signs long-term contracts with Solaris Water Midstream - Solaris Water Midstream announced that its flagship Pecos Star System has begun recycling operations and has added new acreage and volume commitments that support a major expansion of the system. In Q4, following its successful recycling operations in Midland County, Texas, Solaris Water commenced recycling operations on the Pecos Star System and delivered treated produced water to a long-term customer in Eddy County, New Mexico. Solaris Water has additional reuse contracts in place and will continue to recycle significant volumes across its system. Solaris Water also announced two new agreements. The company has signed long-term contracts with a subsidiary of Marathon Oil Company to provide full-cycle water solutions from the Pecos Star System. Under the terms of the contracts, Solaris Water will manage all produced water transportation, disposal, fresh water and recycled water needs within a 369,000-acre area of interest in Lea County, New Mexico. The contracts will provide Marathon with significant operating and capital cost savings by providing reliable and environmentally conscious water solutions. The agreements with Marathon underpin a 125-mile expansion of the Pecos Star pipeline network into Lea County. The expansion is currently under construction. Upon completion of this expansion, the Pecos Star System will include more than 300 miles of large diameter permanent pipelines and more than 200 miles of temporary pipelines. Solaris Water also has executed a long-term agreement for minimum volume commitments of disposed produced water into the Pecos Star System from one of the largest producers in the Permian Basin. These commitments bring the total minimum volume this operator has committed to the Pecos Star System to 90,000 barrels of produced water per day. The Pecos Star System complements the producer's extensive operations in the area by facilitating reliable takeaway and disposal of produced water and access to treated produced water for use during well completions. The agreement also provides the option for additional disposal capacity as the producer's operations continue to expand.
|
SYMC | Hot Stocks09:17 EDT Symantec acquires Luminate Security - Symantec announced the acquisition of Luminate Security, a privately held company with pioneering Software Defined Perimeter technology. Luminate's Secure Access Cloud technology further extends the power of Symantec's Integrated Cyber Defense Platform to users as they access workloads and applications regardless of where those workloads are deployed or what infrastructure they are accessed through. The Secure Access Cloud service is available immediately.
|
TBLT AMZN | Hot Stocks09:17 EDT ToughBuilt partners with WingPoint to manage Amazon online store front - ToughBuilt (TBLT) announced it has partnered with WingPoint Group, a manufacturers' consulting agency, to help launch and manage ToughBuilt's Amazon (AMZN) online store front and overall online presence. WingPoint will also aid in expanding ToughBuilt's product portfolio into new product categories, both online and offline. WingPoint is a retail consultancy firm with over 18 years of experience. WingPoint specializes in e-commerce strategy, online and offline retail account management and digital marketing.
|
OSK | Hot Stocks09:15 EDT Oshkosh awarded $232.7M delivery order from U.S. Army TACOM - Oshkosh Defense, an Oshkosh company, announced that it has been awarded a $232.7 million delivery order from the U.S. Army Tank-Automotive and Armaments Command, or TACOM, to recapitalize vehicles in the Army's Family of Heavy Tactical Vehicles fleet. Under the contract, Oshkosh will recapitalize a total of 407 Heavy Expanded Mobility Tactical Trucks and Palletized Load System, or PLS, trucks as well as manufacture 601 new PLS trailers.
|
SKX | Hot Stocks09:14 EDT Skechers India to become wholly-owned subsidiary of Skechers Footwear - Skechers U.S.A. announced that the company has purchased the minority share of its joint venture in India, transitioning the business to a new wholly-owned subsidiary of Skechers U.S.A., Inc. Already one of the fastest growing and largest international markets for Skechers, the Company believes that combining the experienced team and Skechers' proven sales and marketing capabilities will allow it to grow the brand and its presence in a faster, more efficient manner, ultimately meeting its fullest potential. "Few markets match the potential for growth of India, which is why we entered the market initially, and why we recently decided to purchase the minority stake in our joint venture," said COO David Weinberg. "The effort of our team has resulted in significant growth as illustrated in our year-over-year numbers-2018 saw double digit increases in wholesale and retail sales and an 80 percent increase in pairs sold, reaching 2.7 million. We believe the strength of our diverse product and our marketing insight will help expand our product offering in India. As a subsidiary, we will be able to leverage our capital, product, logistics and business model to better maximize our brand exposure to the 1.3 billion consumers in this country. We expect this change to be accretive to our earnings." The network of Skechers retail locations in India currently includes 223 retail stores-61 of which will be Skechers owned and operated while the remaining are third-party owned. An additional 80 to 100 stores are planned for 2019-of which approximately 20 will be company-owned, company-operated. The Skechers India subsidiary will continue operating under its existing structure and from its existing headquarters location in Mumbai.
|
WFC | Hot Stocks09:13 EDT Wells Fargo CFO says demand for loans is 'robust' - CFO John Shrewsberry says there's still "robust" demand for loans. Shrewsberry says, more commercial real estate is being done. Shrewsberry said the company is cautious on reinvestment. Shrewsberry said it's becoming harder to find clients for full-service brokerage. Shrewsberry said, "the regular business is running the way the regular business should run." Shrewsberry said there is still room to grow in the company's planned $4B cost savings plan. Shrewsberry said the company won't stop strategic investments or investments in technology. Comments provided during Credit Suisse Annual Financial Services Forum.
|
OPTT | Hot Stocks09:12 EDT Ocean Power awarded $125,000 Navy contract for buoy mooring system - Ocean Power announced a contract award from the United States Navy valued at $125,000, and an additional three options totaling $100,000 for a total potential contract value of $225,000. Under this contract, Ocean Power will immediately begin the development of a buoy mooring system which incorporates fiber optics for the transmission of subsea sensor data to airplanes, ships and satellites. The fiber optic mooring concepts developed under this contract may be incorporated into OPT's PowerBuoy and Subsea Battery Module product lines.
|
CMTL | Hot Stocks09:09 EDT Comtech awarded $6.2M of additional funding from U.S. Army - Comtech Telecommunications announced that during its second quarter of fiscal 2019, its Command & Control Technologies group, which is part of Comtech's Government Solutions segment, received additional funding of $6.2M on the previously announced three-year $123.6M contract that has subsequently been increased to $124.2M, to provide ongoing sustainment services for the AN/TSC-198A SNAP, Very Small Aperture Terminals. SNAP terminals provide quick and mobile satellite communications capabilities to personnel in the field. The contract has been funded $45.8M to date.
|
SSNT | Hot Stocks09:09 EDT SilverSun Technologies CFO Crandall Melvin to retire, Christine Dye to succeed - SilverSun Technologies announced the appointment of Christine Dye as CFO. Dye will also serve as CFO of SWK Technologies, the company's wholly-owned subsidiary. Crandall Melvin, who has served as the company's CFO since 2015, and has also served as CFO of SWK Technologies since 2007, is retiring. Dye has over 20 years of financial management experience within technology solution organizations, including serving as CFO at three previous companies. As CFO of Send Word Now she assisted in its sale.
|
ALXN | Hot Stocks09:07 EDT Alexion appoints Anne-Marie Law as Chief Patient and Employee Experience Officer - Alexion Pharmaceuticals announced the creation of new roles within its executive leadership team. Anne-Marie Law has been appointed to the newly created role of Chief Patient and Employee Experience Officer. Aradhana Sarin, M.D., has been appointed to the newly created role of Chief Strategy and Business Officer. Ms. Law has served as Executive Vice President, Chief Human Resources Officer since joining Alexion in June 2017.
|
GRMN | Hot Stocks09:07 EDT Garmin to acquire Tacx, terms not disclosed - Garmin announced that one of its affiliates has signed a definitive agreement to acquire all of the outstanding shares of Tacx Onroerend en Roerend Goed, a privately-held Dutch company that designs and manufacturers indoor bike trainers, tools and accessories, as well as indoor training software and applications. The completion of this acquisition is subject to customary regulatory approvals and closing conditions. A vertically-integrated company with in-house R&D and production, Tacx is headquartered in Wassenaar, Netherlands with a distribution center in Vogt, Germany. The company employs nearly 200 associates, who will become part of the global Garmin team. To further leverage the growing market for indoor bike trainers, Tacx is currently undergoing a capital investment project to expand its R&D and production capacity. Financial terms of the acquisition will not be released. The completion of this acquisition, which is subject to customary conditions, is expected to occur in Q2 2019. Financial terms of the acquisition will not be released.
|
WAB | Hot Stocks09:06 EDT Wabtec announces resignation of COO Stephane Rembaud-Measson - Wabtec Corporation announced that its COO, Stephane Rambaud-Measson, has resigned from his position and as a board member of the company to pursue other interests. Rambaud-Measson had served as president and chief executive officer of Faiveley Transport and joined Wabtec when it acquired Faiveley in 2016. During his years at Faiveley Transport, Rambaud-Measson had developed Faiveley Transport into a global transit technology and market leader.
|
UA UAA | Hot Stocks09:05 EDT Under Armour sees mid-single digit decline in North America revenue in Q1
|
GILD... | Hot Stocks09:05 EDT Fly Intel: Pre-market Movers - HIGHER: Ellie Mae (ELLI), up 21.5% after announcing a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction valued at an aggregate equity value of approximately $3.7B, or $99 per share... Coty (COTY), up 17% after JAB announced that an affiliate will commence a tender offer pursuant to which JAB Cosmetics B.V. would acquire up to 150M additional shares of Coty Class A common stock at a price of $11.65 per share in cash... DHT Holdings (DHT), up 3% after being upgraded to Buy from Hold at DNB Markets. UP AFTER EARNINGS: Radiant Logistics (RLGT), up 9%... WEC Energy (WEC), up 2%. DOWN AFTER EARNINGS: Under Armour (UAA), down 2.5%... Varonis (VRNS), down 24%... Shopify (SHOP), down 6%... Molson Coors (TAP), down 7%... US Foods (USFD), down 5%. ALSO LOWER: Gilead (GILD), down 3% after the STELLAR4 trial in nonalcoholic steatohepatitis failed to meet its primary endpoint... Take Two (TTWO), down 3% after BMO Capital analyst Gerrick Johnson downgraded the stock to Underperform from Market Perform and cut his price target to $80 from $119. The analyst said that after a 2-year "hype machine" blast for its Red Dead Redemption 2 title and its "strong" premier, the buzz around the game has "dissipated markedly."
|
EA | Hot Stocks09:03 EDT Electronic Arts, BioWare partner with Neill Blomkamp to create Conviction - Electronic Arts and Neill Blomkamp, the Academy Award-nominated director of District 9, Elysium, and Chappie, have announced that they have collaborated on Conviction, an original live-action short-film based on BioWare's Anthem. In Conviction, Blomkamp brings the vast world of Anthem to life with his own story set decades before the beginning of the game. This live-action short invites viewers to experience Blomkamp's unique style of creating photorealistic visual effects and bringing them seamlessly into the real world, this time with EA's highly-anticipated new game. A teaser of Blomkamp's Conviction is now live, with the full short going live February 14 on the Oats Studios YouTube channel. In the short, people will see the player city of Fort Tarsis in the game come to life, and the freelancers that live within it. These freelancers who use Javelin exosuits, have been re-created by Neill's team to show them in live action as they fight off the main villain and head of the evil Dominion faction, the Monitor. Players can unleash their power in Anthem worldwide on February 22 for Origin for PC, Xbox One and PlayStation 4. Origin Access Premier members can be the first to play the full game with unlimited access on PC starting February 15, and EA Access and Origin Access Basic members can enjoy up to 10 hours of play time as part of the Play First Trial.
|
CASM | Hot Stocks09:00 EDT CAS Medical trading resumes
|
SLS MRK | Hot Stocks08:53 EDT Sellas Life Sciences provides update on GPS, NPS development programs - Sellas Life Sciences (SLS) provided an update on its galinpepimut-S, or GPS, and nelipepimut-S, or NPS, clinical development programs. The company announces that Richard Maziarz and Roisin O'Cearbhaill will serve as co-principal investigators of the company's Phase 1/2 open-label, non-comparative, multicenter, multi-arm study of GPS in combination with Merck's (MRK) anti-PD-1 therapy Keytruda in patients with selected WT1-positive advanced cancers, including both hematologic malignancies and solid tumors. This study, which is being conducted under a clinical trial collaboration and supply agreement with Merck will assess the efficacy and safety of the combination, with exploratory long-term follow-up for overall survival and safety. The study will enroll approximately 90 patients at up to 20 centers in the United States. The initial tumor types to be treated will be acute myelogenous leukemia, or AML and ovarian cancer to be followed by triple negative breast cancer, small cell lung cancer and colorectal cancer. Additionally, the company announced preliminary immune response data in a subgroup of patients with triple-negative breast cancer, or TNBC, from the prospective, randomized, single-blinded, controlled Phase 2b independent investigator-sponsored clinical study of the combination of trastuzumab +/- nelipepimut-S targeting HER2 low-expressing breast cancer patient cohorts. These data originate from an analysis of the patterns of induction of antigen NPS-specific T-cell responses over time in patients treated in this study. CD8+ cytotoxic T-lymphocytes, or CTLs, from peripheral blood samples from study patients with TNBC were measured using specifically designed NPS-specific dextramers in a flow cytometry-based assay in duplicate. In 64 evaluable TNBC patients across a median of four time-points, NPS + trastuzumab administration generated up to 3-fold higher frequencies of NPS-specific CTLs compared to trastuzumab alone. Moreover, CTL frequencies were much higher among non-recurrent patients compared with those who recurred. The complete set of data from these correlative analyses will be presented in an upcoming major scientific meeting.
|
UA UAA | Hot Stocks08:49 EDT Under Armour does not see new restructuring plan, further charges in 2019
|
SRTS | Hot Stocks08:49 EDT Sensus Healthcare announces publication of study on SRT-100 radiation therapy - Sensus Healthcare announces the publication of a new retrospective study that showed a high cure rate exceeding 97% among older patients being treated for basal and squamous cell carcinomas on their lower extremities with Sensus' SRT-100 Superficial Radiation Therapy. The article, "Superficial Radiation Therapy: A Viable Nonsurgical Option for Treating Basal and Squamous Cell Carcinoma of the Lower Extremities" appears in the February issue of the Journal of Drugs in Dermatology.
|
BNED... | Hot Stocks08:48 EDT Barnes & Noble Education, Wiley expand relationship for course materials - Barnes & Noble Education (BNED) and Wiley (JWA, JWB) announced an expanded relationship, which will bring wider access to affordable, digital course materials to campuses nationwide. Through a newly signed agreement, Wiley digital content will be made available through inclusive access models offered on campuses served by BNED through its Barnes & Noble College and MBS Textbook Exchange subsidiaries.
|
PRSP | Hot Stocks08:47 EDT Perspecta announces awarded $390M contract by U.S. government - Perspecta announced that it was awarded multiple classified systems engineering and integration programs totaling more than $390M to support U.S. government customers. Award notifications were delivered during the company's Q3 and, collectively, the work will span 10 years of performance if all options are exercised.
|
LLL | Hot Stocks08:42 EDT L3 Technologies raises quarterly dividend to 85c per share from 80c per share - L3 Technologies announced that its board has increased the company's regular quarterly cash dividend from 80c to 85c per share payable on March 15, to shareholders of record at the close of business on March 1.
|
UA UAA | Hot Stocks08:41 EDT Under Armour CEO says results demonstrate 'stability' in the business - Chairman and CEO Kevin Plank said that while the past year has "certainly presented a number of challenges," Q4 and FY18 results demonstrate a "stability" in the business. Comments taken from the Q4 earnings conference call.
|
TROX | Hot Stocks08:38 EDT Tronox and FTC filed motion requesting delay of remaining appeal deadlines - Tronox confirmed that it and the staff of the Federal Trade Commission, or FTC, have filed a joint motion with the FTC Commissioners requesting a delay of the remaining appeals deadlines. The filing of the joint motion reflects progress in advancing settlement discussions regarding a remedy transaction intended to resolve the Commission's competitive concerns with Tronox's pending acquisition of the titanium dioxide, or TiO2, business of The National Titanium Dioxide Company. Tronox has proposed to address the FTC's concerns through a divestiture of all Cristal's North American TiO2 business including its two-plant Ashtabula TiO2 complex to INEOS Enterprises, a division of INEOS, for a cash purchase price of $700M.
|
IPGP | Hot Stocks08:37 EDT IPG Photonics sees 'cautious optimism' on mid-year pickup, but lacks visibility - Valentin Gapontsev, IPG Photonics' CEO, said: "While the global macroeconomic and geopolitical challenges affecting the sector and our business have persisted into 2019, we have seen some encouraging signs over the last two months. There has been a modest pickup in order activity since late December, and we are more encouraged by the overall demand environment than we were three months ago. Our conviction around improving market conditions will only be fully validated if these trends continue for the remainder of the first quarter and into the second quarter. We expect pricing headwinds related to more aggressive competition in China to continue, exacerbating this challenging demand environment. However, we are reinforcing our competitive lead in our core metal processing markets, retaining our established relationships with large customers and winning new business with emerging OEM customers. Moreover, we are making competitive strides in new products and applications that significantly expand our addressable market and diversify our end market exposure. Although conversations with our OEM customers in China suggest cautious optimism regarding a mid-year pickup in demand driven by government stimulus and continued infrastructure investment, we do not have clear visibility into full year OEM order plans at this time. As such, we do not believe it is appropriate to provide full year revenue guidance until this visibility improves. In general, we would expect year over year declines in revenue to persist in the first and second quarter of 2019 due to more challenging comparisons, followed by improving trends in the back half of 2019 driven by potential market recovery and strength in new products and solutions."
|
TROW | Hot Stocks08:36 EDT T. Rowe Price reports preliminary AUM $1.04T at January 31 - Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.7B in January 2019.
|
EW CASM | Hot Stocks08:35 EDT Edwards Lifesciences to acquire CAS Medical for $2.45 per share - Edwards Lifesciences (EW) announced that it has entered into a definitive merger agreement to acquire CAS Medical Systems (CASM). Edwards will acquire CASMED in an all-cash transaction for $2.45 per share of common stock, or an equity value of approximately $100M. As a condition to the closing of the transaction, each holder of CASMED's Series A Convertible Preferred Stock or Series A Exchangeable Preferred Stock will agree to convert such stock into shares of CASMED's Common Stock, and upon the closing, those holders will be entitled to receive the transaction consideration as holders of Common Stock. The acquisition is expected to close in the second quarter of 2019 and is subject to the satisfaction of customary closing conditions, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and approval by CASMED's stockholders.
|
AMRS | Hot Stocks08:35 EDT Amyris announces IDRI's receipt of $4.4M grant from NIH - Amyris announced IDRI's receipt of a $4.4M, five-year grant from the National Institute of Allergy and Infectious Diseases to discover sustainable alternatives to shark squalene to use as vaccine adjuvants. Funding is provided by a special bioengineering research grant aimed at bringing engineering expertise to focus on a biomedical problem and ultimately develop a new solution. Adjuvants are added to vaccines to enhance their effectiveness; the aim of the new project is to discover and evaluate novel, sustainable squalene-like compounds produced by bio- or chemical engineering for vaccine adjuvant applications. IDRI has selected Amyris and the University of Nottingham, as partners because of their record of engineering pure molecules from sustainable sources at low cost. Instead of sourcing squalene from sharks, Amyris uses patented biotechnology to create squalene-like compounds using sugarcane syrup as the fermentation feedstock. Amyris has developed specific expertise as a clean manufacturer of sustainably sourced squalane.
|
CACI | Hot Stocks08:35 EDT CACI wins $61M contract to support Department of Defense medical logistics - CACI International announced it has won a $61M contract from the Defense Health Agency Joint Medical Logistics Functional Development Center at Fort Detrick, Md. to continue providing systems integration, development, and sustainment for the Theater Enterprise-Wide Logistics System. This five-year contract represents both the continuation of current support as well as new work in CACI's Logistics and Material Readiness market area. Under the contract, CACI will provide enhanced supply chain management capabilities to manage medical logistics.
|
NP | Hot Stocks08:33 EDT Neenah Paper sees FY19 earnings growth 'skewed to the second half' - "As a result of the following, year on year earnings growth is expected to be skewed to the second half of 2019: Continued ramp up of U.S. transportation filtration capacity through the year will contribute to both top and bottom line growth. While declining from recent peaks, input costs are still expected to be $10 - $15 million higher in 2019 and the first half of the year will see the largest year on year comparative impact. Pricing initiatives are expected to offset these incremental increases as well as a majority of unrecovered input cost increases from 2018. The euro on average is expected to be slightly weaker than the US dollar in 2019 compared with 2018, however comparisons in the first half of the year will be more unfavorable when the euro could be 5 to 10 cents weaker. A weaker euro unfavorably impacts results, with each five cent change reducing quarterly sales by approximately $2.5 million, pre-tax income by approximately $0.5 million, and earnings per share by approximately $0.025."
|
IPGP | Hot Stocks08:30 EDT IPG Photonics trading resumes
|
CASM | Hot Stocks08:25 EDT CAS Medical trading halted, news pending
|
IRIX | Hot Stocks08:13 EDT Iridex says it resolved its dispute with Quantel - Iridex announced that it has resolved its differences with Quantel Medical, Quantel USA and Quantel, S.A. in its lawsuit filed against Quantel in the U.S. District Court for the Northern District of California. Iridex dismissed the lawsuit it had filed in January 2018, alleging that Quantel products infringed Iridex's U.S. Patent No. 7,771,417, that Quantel breached an earlier agreement between the parties, and that Quantel infringed Iridex's MicroPulse U.S. trademark on the principal register. Quantel dismissed its lawsuit in Europe related to European patent n degrees 1 856 774 against Iridex and withdrew from participation in the opposition to Iridex's European Patent No. 1856774. Iridex filed a notice of appeal with the European Patent Office in that proceeding in October 2018.
|
IBM | Hot Stocks08:12 EDT IBM Canada, Boehringer Ingelheim to explore blockchain in clinical trials - Boehringer Ingelheim and IBM Canada announced at the Healthcare Information and Management Systems Society conference in Orlando, Florida, their plans to explore the use of blockchain technology in clinical trials. This collaboration underscores Boehringer Ingelheim's commitment to healthcare innovation and marks the first time that blockchain technology will be explored in a clinical trial setting in Canada.
|
JBLU SABR | Hot Stocks08:11 EDT JetBlue, Sabre to renew long-term alliance - Sabre (SABR) announced a multi-year renewal agreement with longstanding customer JetBlue Airways (JBLU). The agreement, subject to final terms, to renew the carrier's passenger service system with Sabre will include implementation of components of the Sabre Commercial Platform.
|
ELLI | Hot Stocks08:11 EDT Ellie Mae trading resumes
|
ETFC | Hot Stocks08:09 EDT E-Trade reports January DARTS 282,499, down 9% from December - E*TRADE Financial Corporation released its Monthly Activity Report for January 2019. Daily Average Revenue Trades for January were 282,499, a nine percent decrease from December and a 10 percent decrease from the year-ago period. Derivatives represented 33 percent of DARTs during the month. The Company added 48,211 gross new brokerage accounts in January and ended the month with approximately 4.9 million brokerage accounts-an increase of 18,288 from December. Net new brokerage assets were $0.7 billion in the month. During the month, customer security holdings increased by $30.5 billion, and brokerage-related cash decreased by $0.6 billion to $53.6 billion. Customer margin balances increased $0.2 billion, ending the month at $9.8 billion. Customers were net buyers of approximately $1.3 billion in securities during the month.
|
GPL | Hot Stocks08:08 EDT Beadell shareholders approve acquisition by Great Panther Silver - Great Panther Silver is pleased to announce that at a special meeting held on February 12 at 10:00 a.m., shareholders of Beadell Resources approved the scheme of arrangement under which Great Panther will acquire all of the shares in Beadell. Now that both Great Panther's and Beadell's shareholders have approved the acquisition, closing is expected the first week of March following satisfaction of customary closing conditions and receipt of Australian court and regulatory approvals.
|
PIXY | Hot Stocks08:08 EDT ShiftPixy appoints Kirk Flagg CCO - ShiftPixy announced the hiring of Kirk Flagg as CCO and secretary. Flagg is a veteran of the employer services industry, having served as COO of Kelly Staff Leasing.
|
LM | Hot Stocks08:07 EDT Legg Mason reports preliminary AUM $746.7B as of January 31 - This month's AUM included net long-term outflows of $2B, driven by net outflows in fixed income of $2.4B, partially offset by alternative and equity inflows of $0.2B each. Alternative AUM reflects $0.2B of realizations. Liquidity outflows were $3.8B and the impact of foreign exchange was a positive $2.3B.
|
RC | Hot Stocks08:05 EDT Ready Capital announces resignation of COO Carole Mortensen - Ready Capital announced that Carole Mortensen, COO, has resigned from the company, effective February 11. Mortensen has resigned from her position to pursue other opportunities and has committed to ensure a seamless transition of her responsibilities. Mortensen's primary responsibilities will be assumed by CFO Rick Herbst on an interim basis. The company will be initiating a search process to identify candidates to succeed Mortensen as COO.
|
SSYS | Hot Stocks08:04 EDT Stratasys announces collaboration agreement with Andretti Autosport - Stratasys unveiled a new collaboration agreement with Andretti Autosport. A top performer in IndyCar, Indy Lights, Rallycross and Formula E, Andretti aims to leverage advanced FDM technology and materials to accelerate design and development of the team's diverse racing platforms. Andretti joins Stratasys customers competing across a wide range of high performance sports - from professional auto racing and motor cross to the winter games - capitalizing on 3D printing to accelerate design iterations, workflows and final part production. Leveraging the technology to become significantly more competitive on the track, Andretti will advance both design and production cycles using both the Stratasys F370 and Fortus 450mc 3D Printers.
|
ACM | Hot Stocks08:04 EDT Engine Capital says has 'serious concerns' with Aecom's compensation practices - Engine Capital, a shareholder of AECOM, issued an open letter to the company's shareholders regarding Engine's serious concerns with the company's compensation practices and announcing its intention to vote "Withhold" against all incumbent directors at the company's upcoming annual meeting scheduled to be held on March 6, 2019. "We invested in AECOM because of the strength of its franchise, its leadership position in many of the markets it serves, our belief that the Company is deeply undervalued, and the fact that there are opportunities readily within the control of the Board of Directors to significantly increase shareholder value. We wanted to share with you, our fellow shareholders, Engine's decision to vote "Withhold" against the members of the Board standing for election at the upcoming annual meeting on March 6, 2019, particularly with respect to Compensation/Organization Committee members James H. Fordyce, Linda Griego, Dr. Robert J. Routs and Clarence T. Schmitz. Given the severity of our concerns, we felt it was necessary to share our views with shareholders in advance of the upcoming annual meeting... We believe that the Company's poor governance and compensation practices are indicative of a broken culture and an overall lack of accountability and urgency at AECOM. Unfortunately, it is not surprising that share performance and operational performance have both been lackluster, at best, given this lack of accountability and complete misalignment of incentives between management and shareholders. These serious concerns cast a significant doubt on the value creation potential associated with the 2022 financial targets. It is time for the Board to start acting with a greater sense of urgency. We believe the Company needs to immediately form a 'Value Enhancing Committee' to start exploring ways to maximize value of the Company with the help of a nationally recognized investment bank. We believe this committee must include new direct shareholder representatives who are capable of fully and fairly evaluating the best path forward for the Company, including a possible sale or break-up of AECOM. We stand ready to meet with the Board and management team to discuss the changes that we believe are necessary to improve the Company for the benefit of all shareholders. While it is our desire to work constructively with the Board to address the matters discussed herein, we must make abundantly clear our dissatisfaction with the status quo, which is why we intend to vote "Withhold" against the incumbent directors standing for re-election. We intend to monitor developments at the Company closely and will not hesitate to take any actions that we believe are necessary to protect the best interests of shareholders."
|
ELLI | Hot Stocks08:03 EDT Ellie Mae agrees to be acquired by Thoma Bravo for $99 per share in cash - Ellie Mae announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, LLC, a leading private equity investment firm, in an all-cash transaction that values Ellie Mae at an aggregate equity value of approximately $3.7B. Under the terms of the agreement, all Ellie Mae shareholders will receive $99.00 in cash per share. The price per share represents a 47 percent premium to the 30-day average closing share price and 49 percent premium to the 60-day average closing price as of February 1, 2019. Ellie Mae's Board of Directors unanimously approved the definitive agreement and recommended that stockholders vote their shares in favor of the transaction. Ellie Mae's headquarters will remain in Pleasanton, California, with regional offices across the United States. Closing of the transaction is subject to approval by Ellie Mae stockholders and regulatory authorities and the satisfaction of customary closing conditions. The transaction is expected to close in the second or third quarter of 2019 and is not subject to a financial condition. The agreement includes a 35 day "go-shop" period, which permits Ellie Mae's Board and advisors to actively initiate, solicit, encourage, and potentially enter negotiations with parties that make alternative acquisition proposals. Ellie Mae will have the right to terminate the merger agreement to enter into a superior proposal subject to the terms and conditions of the merger agreement. There can be no assurance that this 35 day "go-shop" will result in a superior proposal, and Ellie Mae does not intend to disclose developments with respect to the solicitation process unless and until the Board makes a determination requiring further disclosure.
|
ELLI | Hot Stocks08:02 EDT Ellie Mae agrees to be acquired by Thoma Bravo for $99 per share in cash
|
IPGP | Hot Stocks07:55 EDT IPG Photonics trading halted, news pending
|
ELLI | Hot Stocks07:54 EDT Ellie Mae trading halted, news pending
|
MDGS | Hot Stocks07:48 EDT Medigus receives patent for ScoutCam Micro-Visual Technology - Medigus announced that it has received a patent from the U.S. Patent Office for its ScoutCam Micro-Visual Technology. The U.S patent number is 10,188,275. The patent is valid until March 16, 2031. The patent refers to small diameter camera heads and small diameter visualization probes with a maximal diameter of 4mm, and small diameter medical devices containing visualization means with a maximal diameter of 4mm. This technology is used in the Micro ScoutCam portfolio of products, and includes a range of video cameras with small diameter heads that use complementary metal oxide semiconductor or charge coupled device based sensors.
|
TAP | Hot Stocks07:43 EDT Molson Coors sees FY19 underlying cash flow $1.4B, +/- 10% vs. $1.4B in FY18 - Sees FY19 capital spending $700M, plus/minus 10%; Sees FY19 consolidated underlying COGS per hectoliter in mid-single digit increase on a constant currency basis. Sees FY19 consolidated net interest expense: approximately $300M, plus or minus 5%. Sees FY19 underlying effective tax rate in the range of 18%-22% range, which remains subject to additional definitive guidance from the U.S. government regarding the implementation of the tax reform legislation from 2017.
|
ADMA | Hot Stocks07:42 EDT ADMA Biologics enters into $72.5M loan facility with Perceptive Advisors - ADMA Biologics announces that it has entered into a senior secured term loan facility with Perceptive Advisors for up to $72.5 million under two funding tranches. The first loan facility tranche from Perceptive of $45M was used to prepay ADMA's former senior secured credit facility of $30M in full plus associated costs and fees. The second loan facility tranche from Perceptive of $27.5M is predicated on United States FDA approval of either the BIVIGAM Prior Approval Supplement or the RI-002 Biologics License Application and is available at ADMA's election through June 30, 2020, with a minimum draw down of $10 million. The Perceptive loan facility provides for an interest only period through the entire duration of the loan facility maturing in March 2022, as well as a more favorable interest rate as compared to ADMA's former senior secured credit facility. Additionally, the new Perceptive loan facility does not include any back-end fees.
|
AMTX | Hot Stocks07:41 EDT Aemetis receives USDA conditional commitment for $125M financing of biorefinery - Aemetis announced that the USDA has issued a conditional commitment under the 9003 Biorefinery Assistance Program to guarantee a $125M, 20-year loan to the Aemetis cellulosic ethanol plant to be built in Riverbank, California. The Riverbank plant is designed to convert orchard, forest and other biomass waste into cellulosic ethanol with below zero carbon emissions. Following Phase I approval for a loan guarantee from the USDA in late 2016, Aemetis invested more than $10M to build and operate an integrated demonstration plant, obtained an independent engineering review, secured the Riverbank site, signed an ethanol offtake agreement, entered into a 20-year fixed-price feedstock supply agreement, completed preliminary engineering and obtained necessary environmental approvals in order to complete the requirements for the issuance of the USDA Conditional Commitment.
|
CNAT | Hot Stocks07:38 EDT Conatus completes enrollment in ENCORE-LF Phase 2b trial - Conatus announced the completion of enrollment in ENCORE-LF, a Phase 2b clinical trial evaluating emricasan, the company's first-in-class, orally-active pan-caspase inhibitor. The ENCORE-LF clinical trial is designed to evaluate safety, dosing and efficacy of emricasan in patients with decompensated NASH cirrhosis as an integral part of the company's initial registration strategy. The double-blind, placebo-controlled, trial is being conducted at approximately 90 U.S. clinical sites in approximately 210 patients with nonalcoholic steatohepatitis, or NASH, who have stable decompensated liver cirrhosis. Patients were randomized 1:1:1 to receive 5 mg of emricasan, 25 mg of emricasan, or placebo twice daily for at least 48 weeks. The primary endpoint is event-free survival. Analysis of the primary endpoint will be triggered upon reaching a prespecified target number of events. An additional analysis is planned after all patients have completed at least 48 weeks of dosing.
|
JLL | Hot Stocks07:36 EDT Jones Lang LaSalle CEO says 'we entered 2019 with strong business momentum' - "2018 was an exceptionally successful year for JLL. We made great progress in executing our Beyond strategy while achieving outstanding financial results," said Christian Ulbrich, JLL CEO. "We entered 2019 with strong business momentum that positions JLL for continued top-line and earnings growth in our Real Estate Services business."
|
LOOP | Hot Stocks07:36 EDT Loop Industries completes, expands supply agreement with Danone - Loop Industries announced that it has completed a multi-year supply agreement with Danone. Danone will purchase 100% sustainable and upcycled Loop-branded PET from Loop's joint venture facility with Indorama Ventures in the United States for use in brands across its portfolio including evian, Danone's natural spring water.
|
WORX | Hot Stocks07:35 EDT SCWorx receives $785,000 contract from New England acute care specialty hospital - SCWorx announced it was contracted by a prominent New England based acute care specialty hospital to provide its data governance and analytics suite of application solutions. The contract is for 3 years with an annual license and maintenance fee of $220,000 and a one-time consulting fee of $125,000, for a total initial contract value of $785,000. The Hospital Group has agreed to become a Member of a larger group of prominent Healthcare Providers that are dedicated and energized to develop a first of its kind industry catalog of all things used in the service of patient delivery and hospital operations. Utilizing SCWorx's health care focused data governance tooling along with SCWorx's self-developed, proprietary tool, that, combined with machine-learning embedded code, creates the requisite Trans-Mutational Business Logic that allows a Developed Catalog Item to be self-aware of its an environment and modify automatically to suit the unique and granular rigors of an individual end-user department, SCWorx and the hospitals involved are convinced that the ultimate catalog will not only address, but solve, many of the most complex business issues being faced by all Healthcare Providers today. The Company does not expect to incur any additional overhead resulting from this contract. The contract could be terminated after 2 years in limited circumstances and allows for up to 3 additional 1 year renewals.
|
PCRX TMO | Hot Stocks07:34 EDT Pacira to increase Exparel manufacturing capacity with second facility - Pacira (PCRX) announced that commercial production of Exparel is now underway at a custom suite in Swindon, UK created under the company's partnership with Thermo Fisher Scientific Pharma Services (TMO). This first suite was designed to mirror the company's existing facility at the Pacira Science Center in San Diego, California and is expected to double the company's manufacturing capacity. Through the partnership, the companies are developing a second dedicated suite that is expected to enable another doubling of Exparel manufacturing capacity in approximately two years. The company's investment in this facility is an integral component of its strategy to meet the growing customer demand in the U.S. and to support expansion into new global markets, such as Europe and Asia.
|
AVP | Hot Stocks07:19 EDT Avon appoints Kay Nemoto as Chief Enablement and Chief Human Resources Officer - Avon Products has appointed Kay Nemoto as Senior Vice President Chief Enablement Officer and Chief Human Resources Officer. In this new role Kay will lead the change management and cultural overhaul underpinning Avon's transformation. Kay - a seasoned turnaround specialist - has already been playing an integral role in Avon's transformation while on secondment from Avon's strategic partners Cerberus Operations & Advisory Company. She's been heavily involved in building the strategy and plans to 'Open Up' Avon to growth, has sound knowledge of all areas of the business and a passion for the business model - particularly the power and potential of Avon's Beauty Entrepreneurs worldwide.
|
TAP | Hot Stocks07:17 EDT Molson Coors reports Q4 EBITDA $487.7M, up 3.9% from last year
|
TAP | Hot Stocks07:16 EDT Molson Coors reports Q4 worldwide brand volume down 1.9% - Worldwide brand volume of 92.1M hectoliters decreased 1.9% due to lower volume in the U.S. and Canada, partially offset by growth in Europe and International. Financial volume of 96.6M hectoliters decreased 2.9%. Global priority brand volume decreased 3.1%.
|
STAA | Hot Stocks07:14 EDT STAAR Surgical announces strategic cooperation agreement with Smile Eyes Group - STAAR Surgical Company announced a Strategic Cooperation Agreement with the Smile Eyes Group, an alliance of more than 80 eye experts across 13 vision correction eye centers in Germany and Austria. The agreement positions the EVO Visian ICL family of lenses as a premium and primary refractive procedure for patients suffering from nearsightedness. EVO is the latest version of STAAR Surgical Company's implantable collamer lens that works with the patient's natural eye to correct vision and provide patients visual freedom from spectacles and contact lenses. The central hole of the EVO lens allows for the eye's natural nourishing aqueous flow and a single surgical procedure.
|
ACB | Hot Stocks07:11 EDT Aurora Cannabis announces construction of new facility, Aurora Polaris - Aurora Cannabis announced that the company's construction of a 300,000 square foot expansion at the Edmonton International Airport is progressing well. The new facility, named Aurora Polaris, is intended to serve as Aurora's centre of excellence for the industrial-scale production of higher margin, value added products, such as edibles which Health Canada regulations propose to permit from October 2019 onwards. Aurora Polaris will allow for enhanced capabilities for the company's logistics and warehousing needs required to serve ever increasing global requirements. The facility is designed to include additional research and development space. Construction of the facility is anticipated to be completed in late 2019. Polaris is immediately adjacent to Aurora's Sky facility.
|
CHEK | Hot Stocks07:09 EDT Check-Cap receives IRB approval to initiate U.S. pilot study of C-Scan system - Check-Cap announced it has received Institutional Review Board approval from New York University School of Medicine to initiate a U.S. pilot study of the C-Scan system. The U.S. pilot study will be a single-arm study enrolling up to 45 subjects considered to be of average risk for polyps and colon cancer. The study will evaluate the safety, usability, and subject compliance of the C-Scan system. The study will be conducted at New York University School of Medicine.
|
COTY | Hot Stocks07:05 EDT JAB Cosmetics proposes partial tender offer for 150M additional shares of Coty - JAB, a global investment firm focused on long-term investing in premium brands in consumer goods and services, today announced that an affiliate will shortly commence a tender offer pursuant to which JAB Cosmetics B.V. would acquire up to 150 million additional shares of Coty Class A common stock at a price of $11.65 per share in cash. The offer is subject to, among other things, approval of Coty's independent directors.
|
SRNE | Hot Stocks07:05 EDT Sorrento Therapeutics, Yuhan announce $40M in financning for ImmuneOncia JV - Yuhan Corporation and Sorrento Therapeutics announced that ImmuneOncia, a joint venture, or JV, formed in September 2016, has completed a private equity financing of $40M at a pre-money valuation of $95M, which was led by Paratus SP. The proceeds of the transaction will be utilized to advance ImmuneOncia's Phase I and II clinical studies of IMC-001, a PD-L1 monoclonal antibody, as well as to support its earlier stage programs. As a result of this financing, ImmuneOncia is expected to be sufficiently funded in preparation for an initial public offering, which is expected to occur in 2021. As of the closing of the financing, equity stakes in ImmuneOncia include Yuhan at 36.1%, Sorrento at 34.6% and Paratus SP at 29.3%.
|
JBLU | Hot Stocks07:04 EDT JetBlue reaffirms Q1 RASM view down 2% to up 1%
|
COTY | Hot Stocks07:04 EDT JAB Cosmetics proposes partial tender offer for 150M additional shares of Coty
|
JBLU | Hot Stocks07:03 EDT JetBlue reports preliminary January traffic up 7.9% - JetBlue Airways Corporation reported its preliminary traffic results for January 2019. Traffic in January increased 7.9 percent from January 2018, on a capacity increase of 9.9 percent. Load factor for January 2019 was 80.4 percent, a decrease of 1.5 points from January 2018. JetBlue's preliminary completion factor for January 2019 was 96.0 percent and its on-time performance was 69.4 percent.
|
TAP | Hot Stocks07:01 EDT Molson Coors to restate financial results for 2016, 2017 - In a regulatory filing, Molson Coors Brewing disclosed that on February 8, 2019, the Audit Committee of the Board of Directors of the company, after discussion with management of the company and PricewaterhouseCoopers LLP, the company's independent registered public accounting firm, concluded that the company's previously issued consolidated financial statements as of and for the years ended December 31, 2017 and December 31, 2016 should be restated and no longer be relied upon. As part of preparing its 2018 financial statements, the company identified errors in the accounting for income taxes related to the deferred tax liabilities for its partnership in MillerCoors. Upon the closing of the acquisition of the remaining interest in MillerCoors in the fourth quarter of 2016 and completion of the related deferred income tax calculations, the company did not reconcile the outside basis deferred income tax liability for the investment in the partnership to the book-tax differences in the underlying assets and liabilities within the partnership. As a result of completing this reconciliation as part of preparing its 2018 consolidated financial statements, the company identified a difference related to historical financial statements and concluded that the previously issued 2017 and 2016 consolidated financial statements were misstated. Accordingly, the company is restating its consolidated financial statements as of and for the year ended December 31, 2016 to increase its deferred tax liabilities and deferred tax expense by $399.1M, with a corresponding decrease in net income and earnings per share. The company's consolidated financial statements as of and for the year ended December 31, 2017 are also being restated to reflect the revaluation of such deferred liabilities due to the U.S. Tax Cuts and Job Act of 2017 and to correct further insignificant income tax errors resulting in a decrease to deferred tax liabilities and deferred tax expense of $151.4M, resulting in corresponding increases to the company's net income and earnings per share. These adjustments resulted in an aggregate $247.7M increase to the company's deferred tax liabilities and corresponding decrease in retained earnings and total equity as of December 31, 2017. The company intends to include restated consolidated financial statements as of and for the years ended December 31, 2017 and December 31, 2016 in its Annual Report on Form 10-K for the year ended December 31, 2018, which it expects to file on February 12, 2019. Management of the company has concluded that the impact of the errors on the previously issued unaudited interim financial statements included in the company's Quarterly Reports on Form 10-Q are not material, but in conjunction with restating its annual financial statements, the company will include corrected 2018 and 2017 previously issued unaudited interim financial information in the 2018 Annual Report and will revise its unaudited 2018 interim financial statements in connection with the filing of its Quarterly Reports on Form 10-Q for the quarters ending March 31, June 30 and September 30, 2019.
|
UA UAA | Hot Stocks07:00 EDT Under Armour up 6% after reporting Q4 results, reaffirming FY19 guidance
|
OMF | Hot Stocks06:59 EDT OneMain Holdings initiates 25c quarterly dividend - OneMain's Board of Directors approved the initiation of a quarterly dividend of 25c per share, with the dividend to be paid on March 15, 2019 to shareholders of record as of the close of business on February 26, 2019.
|
OMF | Hot Stocks06:58 EDT OneMain Holdings sees FY19 net charge-offs less than 6.5% - Sees FY19 net charge-offs less than 6.5%, operating expense +3%, "stable" yield. Sees C&I ending net receivables +5%-10%, tangible leverage 6.0x. Sees 25%+ ROTCE, 4% return on receivables. Comments taken from slides being presented on the Q4 earnings conference call.
|
BRO | Hot Stocks06:57 EDT Brown & Brown unit acquires substantially all assets of Smith Insurance - J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, and Stephen Smith, Jr., Brian & Kellie Smith Friel, Christopher & Carrie Smith and Brendan & Megan Smith Whelan, the owners of Smith Insurance Associates, announced that Brown & Brown Metro, a subsidiary of Brown & Brown, has acquired substantially all of the assets of Smith Insurance. Smith Insurance is a family owned agency with over 35 years of experience, providing a variety of business insurance products to its customers with a focus on multifamily residential, hospitality and commercial structures. Smith Insurance's annualized revenue is approximately $5.5M. The Smith Insurance team will continue to operate from their office in Spring House, Pennsylvania, as a branch office of Brown & Brown's Mt. Laurel, New Jersey office, which is led by Billy Roberts. Roberts reports to Rich Knudson, Regional President of Brown & Brown
|
WDR | Hot Stocks06:50 EDT Waddell & Reed reports January preliminary AUM $70.0B - Waddell & Reed Financial reported preliminary assets under management of $70.0B for the month ended January 31 compared to $65.8B on December 31, 2018.
|
USFD | Hot Stocks06:48 EDT US Foods CEO says 'confident in our ability to deliver improved growth in 2019' - "We made significant progress in 2018 as we implemented our key strategic initiatives which position us well for future growth," said Chairman and CEO Pietro Satriano. "As part of our actions to drive profitability, we expanded sales of our private brands, implemented operational improvements in our merchandising and supply chain functions, and maintained strong cost discipline throughout the organization. Our differentiated product innovation, e-commerce and team-based selling strategies continue to give us a competitive advantage and contributed to us exiting the year with independent restaurant case growth exceeding our 4% exit rate target. We are confident in our ability to deliver improved growth and operating profitability in 2019."
|
LAZ | Hot Stocks06:47 EDT Lazard reports preliminary AUM $230B as of January 31 - Lazard reported that its preliminary assets under management, or AUM, as of January 31 totaled approximately $230B. The month's AUM included market appreciation of $12.7B; foreign exchange appreciation of $1.8B; and net inflows of $700M.
|
USFD | Hot Stocks06:45 EDT US Foods reports Q4 total case volume decreased 0.8% - Q4 independent restaurant case volume increased 3.9%.
|
GSV | Hot Stocks06:36 EDT Gold Standard Ventures reports Phase 2 results from Dixie Deposit - Gold Standard Ventures reported Phase 2 results from 18 reverse-circulation drill holes and one core hole at the Dixie Deposit and the Arcturus target on its 100%-owned/controlled Railroad-Pinion Project in Nevada's Carlin Trend. Two RC holes at Dixie intersected thick, vertically-continuous zones of gold mineralization hosted in pervasively altered and variably oxidized Pennsylvanian-Permian debris flow conglomerate and calcarenite - - the same host section as the Dark Star deposit approximately four km to the north. DX18-19 intersected 118.9m of 0.61 g Au/t, including two higher-grade zones of 10.7m of 1.49 g Au/t and 15.2m of 1.32 g Au/t. DX18-26 intersected 137.2m of 0.53 g Au/t including 9.1m of 1.26 g Au/t (refer to Dixie plan and section maps at the following link: https://goldstandardv.com/lp/dixie-feb12-2019-drillmaps/). These are the thickest intercepts drilled to date at Dixie, once again confirming the host potential of the Penn-Perm carbonate rocks and the abundance of exploration opportunities in the Railroad District.
|
CPE | Hot Stocks06:36 EDT Callon Petroleum sees FY19 production 39.5-41.5 MBoepd - Sees planned sequential decrease in 2019 operational capital expenditures to a range of $500M-$525M. In FY19 the company plans to place 47-49 net wells on production with an increase of approximately 15% in average net lateral length over the 2018 program. Reports year-end 2018 proved reserves of 238.5 MMBoe, an annual increase in total proved reserves of 74% and proved developed reserves of 85%. Reports year-end 2018 PV-10 value of $3.1B. The company said, "We are currently operating six rigs and one dedicated completion crew. We expect to reduce the number of active rigs from six to four by mid-year after building a sufficient inventory of wells awaiting completion to provide operational flexibility for an increased proportion of larger pad concepts. We began 2019 with one dedicated completion crew and intend to reactivate a second crew to reduce cycle times on large development pads once the necessary drilling activity has been completed."
|
WWW | Hot Stocks06:33 EDT Wolverine World Wide raises quarterly dividend 25% to 10c from 8c per share - The dividend is payable on May 1 to stockholders of record on April 1.
|
WWW | Hot Stocks06:33 EDT Wolverine World Wide announces new $400M share repurchase program - During 2018, the company returned approximately $204M to shareholders in the form of share repurchases and dividends, including $105M in share repurchases during the fourth quarter. As part of its on-going strategy to drive total shareholder return, the company's Board of Directors approved a new plan to repurchase up to $400M in shares over a four-year term, incremental to the $27M remaining under the existing repurchase program.
|
GWR | Hot Stocks06:31 EDT Genesee & Wyoming reports January traffic of 267,794 carloads, down 3.4% y/y - G&W's total traffic in January 2019 was 267,794 carloads, a decrease of 9,337 carloads, or 3.4%, compared with January 2018. G&W's same railroad traffic in January 2019 increased 3,179 carloads, or 1.2%, compared with G&W's traffic in January 2018, excluding carloads from G&W's former Continental European intermodal business, which was sold in June 2018, and short line lease expirations in Canada in the fourth quarter of 2018.
|
CRVL | Hot Stocks06:17 EDT CorVel approves 1M shares expansion to stock repurchase program - CorVel reported that the Company's Board of Directors has approved a 1M share expansion to its existing stock repurchase program, increasing the total number of shares approved for repurchase over the life of such program to 37,000,000 shares from the previous limit of 36,000,000 shares. Based upon the Company's closing stock price on February 8 this increase in the number of shares authorized to be repurchased over time would cost approximately an additional $63M full 1M additional shares are repurchased. The actual cost could be higher or lower depending on the Company's stock price at the time of any repurchases and the frequency and amount of any repurchases. As of December 31, 2018, the Company had $96 million in cash on the balance sheet and no debt. "As a result of CorVel's organic revenue growth, and the strength of our business model we believe we remain well-positioned to generate cash for future growth," said Michael Combs, CorVel's President and Chief Executive Officer. "Our share repurchase program allows CorVel to invest in the continuing success of our services and enhance shareholder value." CorVel commenced its share repurchase program in the fall of 1996. Since its inception through December 31, 2018, the Company has spent $454 million to repurchase 35,267,631 shares, equal to 65% of the outstanding common stock had there been no repurchases. The Company spent $22.6 million to repurchase 386,552 shares during the nine months ended December 31, 2018, for an average price of $58.44 per share. These purchases have been funded primarily from the net earnings of the Company. CorVel had 18,700,031 shares of common stock, net of treasury shares, outstanding as of December 31, 2018.
|
RNSDF NSANY | Hot Stocks06:13 EDT Ghosn remains director of Renault, Bollore chairman of Renault-Nissan - In addition to the Board of Directors communication of January 24, 2019, Renault (RNSDF) wishes to specify that Carlos. Ghosn resigned from his terms of office as Chairman of the Board of Directors and CEO, but remains Director of Renault SA. Senard has been appointed as Director and Chairman of the Board of Directors of Renault SA pursuant to Article L. 225-17 of the French commercial code. Ghosn was replaced by Thierry Bollore as CEO of Renault SA and President of Renault SAS; in accordance with the agreements entered into with Nissan (NSANY) Ghosn was replaced by Bollore as Chairman of the Management Board of Renault-Nissan BV. Ghosn remains, as of the date hereof, a member of the Management Board of RNBV; and Ghosn retains, as of the date hereof, his positions within Alliance Rostec Auto BV and Renault do Brasil.
|
NLSN... | Hot Stocks06:10 EDT NBC, Telemundo to utilize Nielsen Rhiza and voter ratings for TV measurement - Nielsen (NLSN) and the NBCUniversal owned television stations division of NBCUniversal announced that effective immediately, NBC, a Comcast (CMCSA) subsidiary, and Telemundo owned stations and nine NBC Sports regional networks have added Nielsen Rhiza consumer insights sales tools and Nielsen voter ratings, a cross-platform tool for voter behavior, to enhance the way the stations and regional sports networks, or RSNs, measure their performance. The added services complement the existing agreement between Nielsen and the NBC and Telemundo owned stations and RSNs. Nielsen's Rhiza consumer insights sales tools allow local TV sales and researchers to explore and visualize their data and insights in a granular way, providing automotive registration by the dealer, make and model. Rhiza also delivers analytics with one-click insights-on-demand that are personalized by market, sector and audience. In addition, Rhiza enables clients to find sales stories that showcase TV or radio stations to inform local planning, buying and advertising sales efforts. The platform is powered by Nielsen data, and in addition to voting behavior, also includes data from Nielsen Scarborough and Polk Automotive, to enable third-party datasets. The voter ratings cross-platform tool provides TV and audio voter rating data to stations on a monthly basis, offering scale, coverage and complete representation of all voter and viewer types, including broadcast only and over-the-top homes. Nielsen voter ratings are available in the top 56 markets in the country, and facilitate a better understanding of the media consumption behavior of voters by race, gender and demographic characteristics.
|
CLNY | Hot Stocks06:07 EDT Colony Capital enters into cooperation agreement with Blackwells Capital - Colony Capital announced a series of changes designed to enhance its corporate governance. The Company has worked collaboratively with Blackwells Capital, a stockholder of the company, and has entered into a Cooperation Agreement with Blackwells under which two new independent directors, Raymond Mikulich and Craig Hatkoff, are appointed to the Board of Directors, effectively immediately. Further, Blackwells and the company will jointly agree upon an additional appointment to the Board. In conjunction with these appointments, the Board formed a Strategic Asset Review Committee. The Committee will be tasked with reviewing, evaluating and making recommendations to the Board on issues related to the Company's assets and business configuration and shall be comprised of Douglas Crocker II, Nancy Curtin, Justin Metz, Mikulich and Hatkoff. Pursuant to the Cooperation Agreement, Blackwells has agreed to certain customary standstill provisions, including voting in favor of the Company's proposed slate of directors at Colony's 2019 Annual Meeting. Reference Link
|
CTRE | Hot Stocks06:06 EDT CareTrust REIT acquires skilled nursing portfolio in California for $43.9M - CareTrust REIT announced that it acquired a 503-bed, four-property skilled nursing portfolio in California in a sale-leaseback transaction with subsidiaries of Covenant Care, Inc. As part of the transaction, CareTrust and Covenant Care entered into a new master lease, which combined the four newly-acquired facilities with four Covenant Care facilities already in CareTrust's existing portfolio. The total investment for the sale-leaseback was approximately $43.9M, inclusive of transaction costs, with approximately $4.0 million in initial annual cash rent. The master lease carries an initial term of fifteen years, with two five-year renewal options and CPI-based rent escalators. The three standalone leases that were consolidated and eliminated had remaining lease terms of less than five years.
|
AXNX | Hot Stocks06:03 EDT Axonics submits complete test data to FDA for Axonics r-SNM approval - Axonics Modulation Technologies announced the submission of complete test data to the FDA for the purpose of gaining Conditional Full Body Magnetic Resonance Imaging, or MRI, labeling approval for the Axonics r-SNM System1 for urinary and bowel dysfunction. This data was submitted as an amendment to the Company's previously filed premarket approval application, or PMA. The Axonics r-SNM System is already approved for head and neck MR scans in Europe, Canada and Australia. CE Mark approval of Full Body MRI conditional labeling for the Axonics r-SNM System is currently pending.
|
SNE | Hot Stocks05:58 EDT Sony Interactive Entertainment names Jim Ryan as president and CEO - Sony Corporation and Sony Interactive Entertainment announced that SIE Deputy President Jim Ryan will be appointed President and CEO of SIE effective April 1, 2019. Current SIE President and CEO John Kodera will dedicate his focus on creating innovative user experiences and further enhancing the network area as Deputy President of SIE. At the same time, Jim Ryan will also assume the role of Representative Director and President of SIE's Japan-based legal entity, Sony Interactive Entertainment Inc., and John Kodera will be its Representative Director and Deputy President. Jim Ryan will report directly to Kenichiro Yoshida, President and CEO of Sony Corporation.
|
TSLA | Hot Stocks05:51 EDT Pentagon to review certification of Elon Musk's SpaceX launch vehicles - The Pentagon said on Monday in a memo that it will evaluate the certification for Elon Musk's SpaceX launch vehicles to determine whether the U.S. Air Force complied with certain guidelines. "Our objective is to determine whether the U.S. Air Force complied with the Launch Services New Entrant Certification Guide when certifying the launch system design for the Evolved Expendable Launch Vehicle-class SpaceX Falcon 9 and Falcon Heavy launch vehicles," U.S. Department Of Defense Deputy Inspector General Michael Roark said in the memo. Reference Link
|
APDN | Hot Stocks05:28 EDT Applied DNA Sciences signs Term Sheet with TheraCann - Applied DNA Sciences and TheraCann International Benchmark, a global full-service legal cannabis and hemp consultancy, announced that they have entered into a non-binding Term Sheet for a long term exclusive licensing agreement for the use of Applied DNA's proprietary CertainT supply chain integrity platform technology within TheraCann's ETCH BioTrace seed-to-sale tracking system. The Term Sheet is expected to be followed by a definitive agreement. Upon a signed Agreement TheraCann will pay to Applied DNA $5M in non-contingent phased payments over a period of six months from the date of the signing of the Agreement. In addition, Applied DNA will be the exclusive supplier of SigNature molecular tags, molecular tag application systems and molecular tag authentication systems to TheraCann for use within TheraCann's ETCH Biotrace system. The term of the exclusive license to TheraCann is patent term for patented aspects, and 20 years for non-patented components.
|
DERM | Hot Stocks05:24 EDT Dermira enters into option, lease agreement for EU rights to lebrikizumab - Almirall, S.A. and Dermira announced that the companies have entered into an option and license agreement under which Almirall has acquired an option to exclusively license rights to develop and commercialize lebrikizumab for the treatment of atopic dermatitis and certain other indications in Europe. In exchange, Dermira will receive an upfront option fee of $30 million. If Almirall exercises its option to obtain the license following the results of the ongoing Phase 2b study, Dermira will receive a $50 million option exercise fee and will be eligible to receive additional development, regulatory and sales milestone payments, as well as double-digit royalties. Under the terms of the agreement, Almirall will make an initial payment of $30 million to Dermira in exchange for an option to acquire an exclusive license to develop lebrikizumab in dermatology indications and commercialize lebrikizumab in all indications in Europe. Following the availability of topline data from Dermira's ongoing Phase 2b clinical study of lebrikizumab in moderate-to-severe atopic dermatitis, Dermira will provide to Almirall a data package consisting of topline and additional data, after which Almirall will have 45 days to exercise its option. If Almirall elects to exercise its option, the company will pay Dermira an option exercise fee of $50 million. If Almirall exercises its option, Almirall will be obligated to make additional payments to Dermira upon the achievement of certain milestones, including $30 million in connection with the initiation of certain Phase 3 clinical studies and up to $85 million upon the achievement of regulatory milestones and the first commercial sale of lebrikizumab in Europe. In addition, Dermira will be entitled to receive milestone payments upon the achievement of certain thresholds for net sales of lebrikizumab in Europe, as well as royalty payments representing percentages of net sales that range from the low double-digits to the low twenties.
|
WEX | Hot Stocks05:22 EDT Wex enters into partnership with Juniper - Wex announced it has secured a new international partnership with Juniper. Founded in 1996, Juniper is a global provider of the booking engines Juniper and Cangooroo. These distribution platforms are used by more than 300 clients around the world. Juniper's online solutions are aimed at tour operators, OTAs, DMCs, Bed Banks, wholesalers, and accommodation suppliers.
|
BA | Hot Stocks05:19 EDT Boeing announces agreement to optimize crew operations for Royal Air Maroc - Boeing announced an agreement with Royal Air Maroc to use a suite of Boeing AnalytX-powered crew solutions to bring greater efficiency to the airline's planning and operations. The airline will be the first in Africa to use the advanced solutions, which include Crew Pairing, Crew Rostering and Crew Tracking - with options to add modules in the future.The Boeing AnalytX-powered Crew Optimization products are provided through Boeing subsidiary Jeppesen.
|
SNY | Hot Stocks05:17 EDT Sanofi appoints Ameet Nathwani as Chief Digital Officer - Sanofi has appointed Ameet Nathwani, M.D. as Chief Digital Officer in addition to his current role of Executive Vice President, Chief Medical Officer. Dr. Nathwani joined Sanofi in May 2016 as Chief Medical Officer.
|
VZ BABA | Hot Stocks05:16 EDT Verizon adds Alibaba Cloud to secure cloud interconnect ecosystem - Verizon (VZ) has expanded Secure Cloud Interconnect to allow its customers to privately connect to Alibaba Cloud, the cloud computing arm of the Alibaba Group (BABA). Verizon's customers - particularly those looking to expand into the Asia-Pacific region - can now benefit from a secure and direct connection using MultiProtocol Label Switching to one of the world's fastest growing cloud service providers. The addition of Alibaba Cloud in Singapore and Hong Kong brings the number of Cloud Service Providers accessible from Verizon Secure Cloud Interconnect to 10, covering over 72 locations globally.
|
NKTR BMY | Hot Stocks05:04 EDT Nektar reports 48% overall response rate in urothelial cancer for NKTR-214 combo - In an abstract for this week's Genitourinary Cancers Symposium, Nektar Therapeutics (NKTR) last night reported an overall response rate of 48% or 11 out of the 23 patients with urothelial cancer who've been treated with the NKTR-214 and Bristol-Myers' (BMY) Opdivo combination and were evaluable for efficacy in a Phase 1/2 study. Shares of Nektar are down 6%, or $2.62, to $43.73 in premarket trading. Reference Link
|