Stockwinners Market Radar for September 22, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
SFTBY... | Hot Stocks19:35 EDT Fly Intel: Top five weekend stock stories - Catch up on the weekend's top five stories with this list compiled by The Fly: 1. A block of WeWork directors is planning to push Adam Neumann to step down as CEO after a tumultuous week in which his eccentric behavior and drug use came to light and the startup delayed its much-anticipated stock-market listing, The Wall Street Journal's Maureen Farrell, Liz Hoffman, Eliot Brown and David Benoit reported. Meanwhile, Reuters' Anirban Sen and Joshua Franklin also wrote that SoftBank (SFTBY), the biggest investor in WeWork owner We Company (WE), is exploring ways to replace Adam Neumann as CEO of the office-sharing start-up. This comes after We Company postponed its initial public offering last week, following pushback from perspective investors, not just over its widening losses, but also over Neumann's unusually firm grip on the company, the authors noted. 2. Deutsche Bank (DB) is close to completing a deal with BNP Paribas (BNPQY) to transfer its prime brokerage business to the French bank, Reuters' Donal Griffin and Steven Arons reported, citing people familiar with the matter. The transaction may be announced as early as Monday, sources said. 3. Opioid lawsuits have already hammered the share prices of a handful of publicly traded companies, sent one private corporation into bankruptcy and rocked the bonds of several others, and now the litigation appears to be nearing a crescendo, Josh Nathan-Kazis writes in this week's edition of Barron's. Despite the few discrete settlements that have been reached - included one that resulted in privately held Purdue Pharma filing for bankruptcy - a final resolution for the majority of the companies remains far off, the author noted. Among the names that could potentially face additional legal liabilities steaming from opioid lawsuits are Johnson & Johnson (JNJ), Teva Pharmaceutical (TEVA), Endo International (ENDP), Mallinckrodt (MNK), Abbott Laboratories (ABT), Amneal Pharmaceuticals (AMRX), Mylan (MYL), McKesson (MCK), Cardinal Health (CAH), AmerisourceBergen (ABC), Walgreens Boots Alliance (WAB), and CVS Health (CVS). 4 In the biggest opening of all time for specialty distributor Focus Features, "Downton Abbey" won weekend box office with a better than expected $31M from 3,079 locations. Overseas, the movie earned $30.8M from 32 markets for an early global haul of $61.8M. The pic received an A CinemaScore and 85% on Rotten Tomatoes. 5. RealReal (REAL), Softbank, Chipotle (CMG), McDonald's (MCD), Yum! Brands (YUM), Wendy's (WEN), Restaurant Brands (QSR), Comcast (CMCSA), Delta Air Lines (DAL), Diamondback Energy (FANG), Encompass Health (EHC), Facebook (FB), Microsoft (MSFT), Procter & Gamble (PG), Coca-Cola (KO), PepsiCo (PEP), Colgate-Palmolive (CL), Kimberly Clark (KMB) and Kellogg (K) saw positive mentions in this week's edition of Barron's.
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BGNE | Hot Stocks19:34 EDT BeiGene announces results on Tislelizumab from ongoing clinical trials - BeiGene announced clinical results on its investigational anti-PD-1 antibody tislelizumab from three ongoing clinical trials in China. This open-label, multi-cohort, Phase 2 trial of tislelizumab in combination with chemotherapy as first-line treatment for patients with advanced lung cancer is being conducted in China. Patients with non-squamous non-small cell lung cancer were treated with tislelizumab at a dose of 200mg and doublet chemotherapy on day one of each three-week cycle; chemotherapy was given for up to four cycles, with pemetrexed and tislelizumab continued as scheduled if clinically appropriate. Patients with squamous NSCLC and small cell lung cancer were treated with tislelizumab at a dose of 200mg and doublet chemotherapy every three weeks, for four-six cycles, with tislelizumab continued as scheduled if clinically appropriate. As of February 25, 2019, 54 patients had received tislelizumab, with a median duration of treatment of 38.4 weeks. Fourteen patients remained on treatment as of the data cutoff. Results included the confirmed overall response rate across all cohorts of 66.7%, with ORRs of 43.8% in patients with non-squamous NSCLC; 80.0% in patients with squamous NSCLC; 66.7% in patients with squamous NSCLC; and 76.5% in patients with SCLC; Median progression-free survival was measured at a later data cutoff on June 30, 2019, and was 9.0 months in patients with non-squamous NSCLC, 7.0 months in squamous NSCLC, 6.9 months in SCLC, and in squamous NSCLC the median PFS had not yet been reached; At the median follow-up of 15.3 months, overall survival in patients with SCLC was 15.6 months; OS in other cohorts had not yet been reached; Treatment-emergent adverse events occurred in all 54 patients; adverse events reported as related to tislelizumab occurred in 46 patients, and seven patients discontinued tislelizumab treatment due to AEs; fourteen patients experienced at least one serious TEAE; one patient with squamous NSCLC had a fatal AE of immune-mediated myositis/rhabdomyolysis/cardiomyopathy after one dose of tislelizumab. The open-label, multi-cohort, Phase 2 trial of tislelizumab in combination with chemotherapy as first-line treatment for patients with advanced esophageal, gastric or gastroesophageal junction carcinoma is being conducted in China. Patients were treated with tislelizumab at a dose of 200mg and cisplatin on day one, and fluorouracil on days one through five during each 21-day cycle. At the time of data cutoff on March 31, 2019, 15 patients with ESCC had received treatment with tislelizumab, and four remained on treatment. Results included seven patients achieving a confirmed partial response and the ORR was 46.7%; Median duration of response was 12.8 months; median PFS was 10.4 months; Despite a median follow-up of 13.0 months, median OS had not been reached; AEs reported in this cohort were consistent with the safety profile of tislelizumab observed in previous studies with other tumor types and were generally of low severity; AEs reported in this cohort were consistent with the known tolerability profile of PD-1 inhibitors in combination with chemotherapy. The multi-center, open-label Phase 1/2 trial of tislelizumab as monotherapy in patients with advanced solid tumors is being conducted in China and consists of a Phase 1 dose verification and pharmacokinetics component, and a Phase 2 indication expansion in disease-specific cohorts, including patients with non-small cell lung cancer, melanoma, urothelial carcinoma, renal cell carcinoma, esophageal squamous cell carcinoma, gastric cancer, hepatocellular carcinoma, and microsatellite instability-high/mismatch repair deficient solid tumors. As of December 1, 2018, 300 patients across all indications had been treated in this study with tislelizumab at a dose of 200mg every three weeks. Tislelizumab was generally well tolerated among patients with advanced solid tumors. One patient with GC experienced a fatal brain edema, which was considered possibly related to tislelizumab treatment by the investigator.
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CE | Hot Stocks19:24 EDT Celanese experiences emergency incident at Clear Lake facility - Celanese experienced an emergency incident at approximately 12:00 noon central time on Saturday, September 21, at the Celanese Clear Lake facility in Pasadena, Texas. The company has teams in place assessing damage and any related repair work needed to safely and efficiently restart operations. At this time, Celanese unit operations including acetic acid and vinyl acetate are down. The Fairway methanol unit is also idle. Shipping operations at Clear Lake and associated terminals are expected to continue without interruption. Celanese will leverage its global network capabilities to service contract customers. Site restart efforts are underway.
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FNSR | Hot Stocks18:15 EDT Finisar presents new products, technologies at ECOC 2019 - Finisar introduced several new product and technology solutions at ECOC. The company and Foxconn Interconnect Technology showcased 400G SR4.2 QSFP-DD optical transceivers, the second short-reach 400G multimode transceiver announced by Finisar, following the 400G SR8 OSFP module demonstrated at OFC earlier this year. The company also unveiled the a multimode VCSEL transmitting at 100G data rates using PAM4 modulation. Additionally, Finisar showcased various optical transceiver modules for 5G wireless front-haul networks. As part of its 5G product offering, the company also demonstrated full C-band DWDM wavelength tunable SFP28 modules operating at 25Gb/s over 15km of single mode fiber. Finisar also demonstrated the progress of the OIF's 400ZR and IC-TROSA projects that aim to reduce size, cost, and power dissipation of 400G coherent optics.
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VIAB... | Hot Stocks15:48 EDT Viacom acquires exclusive cable rights to Seinfeld from Sony Pictures Television - Viacom (VIAB, VIA) announced the acquisition of Seinfeld from Sony Pictures Television (SNE), in a deal that features the exclusive cable rights for all 180 episodes of the iconic series. Beginning in October 2021, the full library of Seinfeld episodes will air amongst Viacom's entertainment brands, including Comedy Central, Paramount Network and TV Land. Additionally, catch-up episodes will be available through Viacom brands via authenticated video on demand, websites and apps. The deal was closed by Barbara Zaneri, EVP, Viacom Global Program Acquisitions, and Flory Bramnick, EVP, U.S. Distribution, for an undisclosed sum and a loaf of marble rye after a spirited Festivus feats of strength competition.
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