Stockwinners Market Radar for October 27, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

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PLD...		Hot Stocks 19:30 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. Prologis (PLD) and Liberty Property Trust (LPT) announced that the two companies have entered into a definitive merger agreement by which Prologis will acquire Liberty in an all-stock transaction, valued at approximately $12.6B, including the assumption of debt. The transaction is currently expected to close in Q1 of 2020. 2. LVMH (LVMUY), the owner of luxury brand Louis Vuitton, offered around $14.5B in cash for luxury jeweler Tiffany & Co. (TIF), according to Bloomberg, citing people familiar with the matter. The $14.5B bid values Tiffany around $120 per share, just under 22% higher than the stock closed on Friday. In a separate report, the Financial Times said that Tiffany is expected to reject the unsolicited $14.5B all-cash takeover offer from LVMH, as it believes "the offer undervalues the company." 3. Central European Media Enterprises Ltd. (CETV), or CME, announced that it has entered into a definitive agreement to be acquired by an affiliate of PPF Group in a cash transaction valued at approximately $2.1B. Under the terms of the agreement, holders of all of CME's issued and outstanding Class A common shares will receive $4.58 per share. PPF's acquisition of CME is expected to be completed during Q2 of 2020. AT&T (T), which is a majority stakeholder in CME, will receive approximately $1.1B in cash at close and will also be relieved of a $575M debt guarantee. 4. AT&T subsidiary Warner Bros.' super-villain origin story "Joker" regained the top spot at the box office in its fourth weekend at theaters, falling only 35% from the previous weekend, with a domestic gross of $18.9M. The film narrowly edged out the previous weekend's champion, Disney's (DIS) "Maleficent: Mistress of Evil," which fell just under 50% from last weekend to domestically gross $18.6M. 5. Micron (MU) and Qualcomm (QCOM) received positive mentions in this weekend's edition of Barron's Magazine, while Square (SQ) was mentioned negatively.
LPT PLD		Hot Stocks 18:09 EDT Prologis to acquire Liberty Property for $12.6B - Prologis (PLD) and Liberty Property Trust (LPT) announced that the two companies have entered into a definitive merger agreement by which Prologis will acquire Liberty in an all-stock transaction, valued at approximately $12.6B, including the assumption of debt. The board of Prologis and the board of trustees of Liberty have each unanimously approved the transaction. Prologis plans to dispose of approximately $3.5B of assets on a pro rata share basis. This includes $2.8B of non-strategic logistics properties and $700M of office properties. This transaction is anticipated to create immediate cost synergies of approximately $120M from corporate general and administrative cost savings, operating leverage, lower interest expense and lease adjustments. Initially, this transaction is expected to increase annual core funds from operations per share by 10c-12c. Upon stabilization of the acquired development assets, completion of the planned non-strategic asset sales and redeployment of the related proceeds, annual stabilized core FFO per share is forecasted to increase by an additional 4c per share for a total of 14c-16c. Further, there are future synergies with the potential to generate approximately $60M in annual savings, including $10M from revenue synergies and $50M from incremental development value creation. Under the terms of the agreement, Liberty shareholders will receive 0.675x of a Prologis share for each Liberty share they own. The transaction, which is currently expected to close in Q1 of 2020, is subject to the approval of Liberty shareholders and other customary closing conditions.
CETV		Hot Stocks 17:55 EDT Central European Media to be acquired by PPF Group N.V. in $2.1B deal - Central European Media Enterprises Ltd.(CETV) announced that it has entered into a definitive agreement to be acquired by an affiliate of PPF Group N.V. in a cash transaction valued at approximately $2.1B. Under the terms of the agreement, holders of all of CME's issued and outstanding Class A common shares will receive $4.58 per share. This valuation represents a premium of approximately 32% to the company's share price prior to the announcement on March 25 that the company was commencing a process to explore and evaluate potential strategic alternatives.
LAZ		Hot Stocks 17:51 EDT Lazard appoints Jean-Louis Girodolle CEO of Investment Banking in France - Lazard announced that, effective immediately, it has named Jean-Louis Girodolle as CEO of Lazard Investment Banking in France. Also appointed are Charles-Henri Filippi and Francois Kayat as co-chairs of Investment Banking in France. "Jean-Louis Girodolle has the right experience and long history with Lazard to lead our highly successful France Investment Banking franchise, while maintaining our rich culture of creativity and intellectual capital," said Lazard CEO Kenneth Jacobs. "He is one of the firm's great bankers, having advised many of the most important corporate leaders in France, and internationally, on complex and important transactions."
T		Hot Stocks 17:25 EDT AT&T to sell majority stake in CME for $1.1B - AT&T announced that it has agreed to the terms of a transaction in which Central European Media Enterprises, or CME, will be acquired by an affiliate of the Czech investment firm PPF Group N.V., or PPF. CME, which has broadcast operations in Bulgaria, the Czech Republic, Romania, Slovakia and Slovenia, announced in early 2019 that it was conducting a review of strategic options, including a potential sale of part or all of the company. Under terms of the agreement, AT&T will receive approximately $1.1B in cash at close and will also be relieved of a $575M debt guarantee. The sale is consistent with AT&T's plans to monetize non-strategic assets as it continues to pay down debt. Given the company's confidence in reaching a net debt-to-adjusted EBITDA ratio in the 2.5x range by the end of this year, shareholders should expect that share buybacks will be in the mix in Q4 of 2019, along with continued de-levering. AT&T acquired its stake in CME with the acquisition of Time Warner, now WarnerMedia, in 2018. PPF's acquisition of CME is expected to be completed during Q2 of 2020, subject to the receipt of regulatory approvals and the satisfaction of customary closing conditions.
PCG		Hot Stocks 16:36 EDT PG&E monitors potential third consecutive severe wind event - Pacific Gas and Electric Company, or PG&E, announced that its meteorological and operations teams in its Emergency Operations Center continue to monitor a new, potentially widespread, strong and dry wind event forecasted for Tuesday morning through midday Wednesday for Northern California. The weather system is forecast to impact Kern County late Tuesday night through Thursday morning. The event will impact approximately 32 counties across the Northern and Southern Sierra, North Bay, Bay Area and Santa Cruz mountains, North Coast and Kern County. This weather event is a separate system from the one that triggered the October 26 Public Safety Power Shutoff event that is still active. This is the third consecutive significant wind event in a week's time. In response to this anticipated event, Northern Operative Predictive Services has issued a high risk of significant fires for a geographical footprint that covers much of PG&E's service area. The National Interagency Fire Center's Geographic Area Coordination Center is also forecasting significant fire potential across Northern California beginning on Tuesday of this week. Some customers may continue to be impacted by the PSPS event, while others may experience power outages due to weather damage to the electric system. PG&E will continue to monitor weather conditions and will be providing additional information regarding affected areas.
ADPT		Hot Stocks 16:34 EDT Adaptive Biotechnologies CEO Chad Robins buys 20K shares of Adaptive stock - On Friday, after the market closed, Adaptive Biotechnologies chairman and CEO Chad Robins disclosed that he bought 20K shares of Adaptive common stock on October 23 at an average price of 33c per share.
PCG		Hot Stocks 14:35 EDT PG&E to cut power to approximately 940K customers due to weather - Due to weather forecasts indicating potential for a historic wind event this weekend, Pacific Gas and Electric Company, or PG&E, confirmed it will implement a Public Safety Power Shutoff affecting approximately 940,000 customers-an increase of about 90,000 from previous estimates-in portions of 36 counties. Widespread dry, hot and windy weather is expected to begin impacting the service area today between 6 p.m. and 10 p.m. and through midday Monday. As this weather system sweeps from north to south over a period of two to three days, PG&E customers across Northern and Central California will feel the effects of hot, dry winds at different times, which means outage times will vary as well. The power will be turned off to communities in stages, depending on local timing of the severe wind conditions.
AGIO		Hot Stocks 13:03 EDT Agios Pharmaceuticals presents data from Phase 1 Study of AG-270 - Agios Pharmaceuticals presented the first data from the single agent dose-escalation arm of the Phase 1 study of AG-270 in methylthioadenosine phosphorylase-deleted tumors at the AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics. AG-270 is an investigational, first-in-class methionine adenosyltransferase 2A inhibitor. "The single agent arm of the Phase 1 trial for AG-270 provides the first data from a clinical study of a MAT2A inhibitor," said Rebecca Heist, M.D., Massachusetts General Hospital and an investigator in the study. "These data demonstrate that AG-270 induces reductions in the biomarkers of MAT2A inhibition, notably plasma concentrations of S-adenosylmethionine and tumor levels of symmetrically demethylated arginine, at well tolerated doses. These findings will help guide the dosing and schedule for the next phase of development of AG-270 in combination with taxanes."
MRUS		Hot Stocks 13:01 EDT Merus says MCLA-128 shows 'encouraging' early clinical activity - Merus N.V. announced initial clinical data for three patients with cancers harboring NRG1 fusions treated with MCLA-128 through an Early Access Program, or EAP, and provided an overall update on the MCLA-128 clinical programs. Investigators from Memorial Sloan Kettering Cancer Center provided a summary and initial data concerning the treatment of three cancer patients harboring NRG1 fusions with MCLA-128 at 750 mg administered intravenously every other week. These patients' NRG1 gene fusions were identified using RNA-based sequencing. Assessments from this EAP program were conducted locally at MSKCC. All three patients exhibited tumor shrinkage, symptomatic improvement and durability up to their most recent assessment. All three patients currently remain on treatment. "These initial data are an important proof-of-concept demonstrating the promise of targeting NRG1 fusions with MCLA-128," said Alison Schram, MD, a medical oncologist in the Early Drug Development Service at MSKCC. "It is notable that two of the patients described have pancreatic cancer, a disease with a poor prognosis and limited therapeutic options. MCLA-128's mechanism of action addresses the specific molecular abnormality in cancers harboring NRG1 fusions by binding to HER2 and blocking the interaction of the NRG1 fusion oncoprotein with HER3, and may make MCLA-128 uniquely suited to target this distinct oncogenic driver." MCLA-128 continues to be well tolerated in the Phase 1/2 clinical trial, which is consistent with prior reports. To date, the safety results for MCLA-128 in patients with cancers harboring NRG1 fusions has been consistent with what has been previously reported in the overall patient population treated with MCLA-128.
MSI		Hot Stocks 12:58 EDT Motorola Solutions announces body-worn camera with detachable 12-hour battery - Motorola Solutions announced the new WatchGuard V300 body-worn camera. The company said it is "the first in the industry to address law enforcement's need for cameras that remain operational beyond a 12-hour shift." Swappable battery packs, 128 GB of memory and secure wireless uploading enable it to operate continuously. "Battery life is the single biggest issue for agencies operating body cameras," said John Kedzierski, senior vice president of Motorola Solutions' Video Security Solutions group. "Historically, body cameras could not be used beyond a full shift until they were charged for 4 hours. The WatchGuard V300 allows officers to snap on a spare 12-hour battery pack to seamlessly extend operation into overtime, extra shifts or part-time jobs."