Stockwinners Market Radar for January 20, 2020 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

CCC

Hot Stocks

21:42 EST Clarivate Analytics acquires Decision Resources Group for $950M - Clarivate Analytics announced it has signed a definitive agreement to acquire Decision Resources Group, a provider of data, analytics and insights products and services to the healthcare industry, from Piramal Enterprises Limited, part of Piramal Group. The $950M purchase price-approximately 12 times trailing DRG Adjusted EBITDA, taking into account acquisition cost synergies but not revenue synergies-includes $900M in cash and approximately $50M in Clarivate ordinary shares to be issued following the one-year anniversary of closing. The acquisition is expected to be accretive to Clarivate earnings in 2020. In 2019, DRG generated $207M of revenue, with 9% organic growth, and $47M of adjusted EBITDA before the impact of acquisition cost synergies. Clarivate expects to achieve cost synergies of approximately $30M within the first 18 months after the transaction closes, which in addition to revenue synergies, is expected to drive DRG's adjusted EBITDA growth and expand its adjusted EBITDA margin towards the 40% range. Clarivate said it remains committed to managing its balance sheet and its go-forward capital structure. The company plans to fund the transaction with a mix of debt and equity capital proceeds. In connection with the transaction, Clarivate has secured a backstop of $900M fully committed bridge facility from Citi and Goldman Sachs. Clarivate expects to obtain long-term financing with proceeds from debt and equity capital markets before the closing of the transaction. Clarivate continues to expect adjusted Revenues in a range of $950M-$970M for 2020 and adjusted EBITDA in a range of $330M-$350M.
NFLX...

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19:55 EST Fly Intel: Top five weekend stock stories - Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Boeing (BA) is close to securing a $10B loan, bolstering the plane maker's finances in the midst of a crisis that's seen its 737 Max jetliners grounded after two crashes, Bloomberg's Jacqueline Poh reported, citing people familiar with the matter. The financing could still be increased if demand from investors exceeds the target size, sources said. 2. Tesla (TSLA) said there was no unintended acceleration in its vehicles, as it responded to a petition to a U.S. safety regulator to investigate and recall around 500,000 of the company's electric cars over the alleged defect, according to Reuters. On Friday, the National Highway Traffic Safety Administration said it would review the petition and released a redacted version that said "Tesla vehicles experience unintended acceleration at rates far exceeding other cars on the roads." 3. This week, Peacock (CMCSA) said it will offer live news and sports, original shows, movies from Universal's catalog, and back episodes of proven streaming winners like The Office and SNL, currently top draws on Netflix (NFLX) and YouTube (GOOG), Jack Hough wrote in this week's edition of Barron's. The killer feature, though, is the price as viewers will get about half the content for free, the author noted, adding that for $4.99 a month, subscribers get originals, premium movies, and 4K resolution. 4. Opening 17 years after the last installment in their franchise hit the big screen, Sony's (SNE) "Bad Boys for Life" earned an estimated $73.4M over the four-day Martin Luther King Jr. weekend, and $62.2M for the three days. Overseas, the movie collected $37.3M from 39 markets. "Bad Boys for Life" sports an A CinemaScore and a 76% Rotten Tomatoes rating. 5. KKR (KKR) and TSMC (TSM) saw positive mentions in this week's edition of Barron's.
UCFC FDEF

Hot Stocks

18:00 EST First Defiance Financial receives approval for United Community Financial merger - First Defiance Financial (FDEF), holding company of First Federal Bank of the Midwest, and United Community Financial (UCFC), holding company of Home Savings Bank, jointly announced that approval has been received from the Federal Reserve Bank, the Federal Deposit Insurance and the Ohio Division of Financial Institutions for the merger of United Community with and into First Defiance, followed by the merger of Home Savings with and into First Federal Bank. Immediately prior to the merger, First Defiance will convert from a Unitary Thrift Holding Company to a Bank Holding company, and it has elected Financial Holding company status, and First Federal Bank will convert from a Federal Savings Association to an Ohio-chartered commercial bank. First Defiance's Board of Directors approved the selection of directors that will sit on the combined company's board following the completion of the merger. The new board will consist of 13 members including John Bookmyer, current First Defiance Chairman, serving as Chairman of the Board until succession of Donald Hileman to Executive Chairman when he relinquishes his CEO role. John Bookmyer will serve on the board until he stands for reelection at the 2022 Annual Meeting of Shareholders. Richard Schiraldi, current United Community Chairman, will serve as Vice Chairman of the Board until he stands for reelection at the 2020 Annual Meeting of Shareholders. In addition to Bookmyer and Schiraldi, there will be 6 directors from First Defiance and 5 directors from United Community. The transaction was announced on September 9, 2019, and is expected to close on January 31, 2020, pending the satisfaction of all closing considerations. Customer account conversion is planned for early third quarter 2020.
TGP

Hot Stocks

16:33 EST Teekay LNG Partners declares distribution of 19c per common unit - Teekay GP, the general partner of Teekay LNG Partners, has declared a cash distribution of 19c per common unit for the quarter ended December 31, 2019. The cash distribution is payable on February 14, 2020 to all common unitholders of record on January 31, 2020. Teekay LNG's common unit distributions are reported on Form 1099 for United States tax purposes. As previously-announced, Teekay LNG expects to increase its quarterly distributions by 32% commencing with the first quarter of 2020 to 25c per unit, or $1.00 per unit on an annualized basis, payable in May 2020.
WES

Hot Stocks

16:31 EST Western Midstream announces Q4 2019 distribution - Western Midstream Partners announced that the board of directors of its general partner declared a quarterly cash distribution of $0.622 per unit for the fourth quarter of 2019, resulting in a full-year 2019 distribution increase of 5% over the full-year 2018. This distribution represents WES's 28th consecutive quarterly distribution increase. WES's fourth quarter 2019 distribution is payable February 13, 2020, to unitholders of record at the close of business January 31, 2020.
CPG

Hot Stocks

16:29 EST Crescent Point closes sale of gas infrastructure assets - Crescent Point announced that it has successfully closed the previously announced sale of certain associated gas infrastructure assets in Saskatchewan for total cash consideration of $500M. The Assets sold as part of this transaction include nine natural gas gathering and processing facilities and two gas sales pipelines with total throughput capacity of more than 90 MMcf/d.
CHSCP

Hot Stocks

16:26 EST CHS Inc. names Olivia Nelligan as Chief Financial Officer - CHS Inc. announced it has named Olivia Nelligan as its new executive vice president and chief financial officer, effective Jan. 29, 2020. Olivia Nelligan will join CHS Inc. as executive vice president and chief financial officer effective Jan. 29, 2020.
GMAB JNJ

Hot Stocks

16:25 EST Genmab announces European Marketing Authorization for DARZALEX - Genmab A/S (GMAB) announced that the European Commission has granted marketing authorization for DARZALEX in combination with bortezomib, thalidomide and dexamethasone for the treatment of adult patients with newly diagnosed multiple myeloma who are eligible for autologous stem cell transplant. The EC approval follows a positive opinion issued for DARZALEX by the CHMP of the European Medicines Agency in December 2019. In August 2012, Genmab granted Janssen Biotech (JNJ) an exclusive worldwide license to develop, manufacture and commercialize daratumumab. The approval was based on the Phase III CASSIOPEIA study.
TILE

Hot Stocks

16:22 EST Interface names Dan Hendrix as President, CEO - Interface announced that its Board of Directors has named Dan Hendrix, most recently Chairman of the Board of Interface as President and Chief Executive Officer, effective immediately. Hendrix will also maintain his position as Board Chairman. Hendrix succeeds Jay Gould who was terminated after an investigation concluded that he engaged in personal behavior that violated company policy and core values. Interface confirmed that this leadership transition is unrelated to the company's operational or financial performance.
IBCP

Hot Stocks

16:19 EST Independent Bank announces 11% increase in quarterly cash dividend - Independent Bank announced that its Board of Directors declared a quarterly cash dividend on its common stock of 20c per share. This dividend is payable on Feb. 14, 2020 to shareholders of record on Feb. 5, 2020.
JAZZ

Hot Stocks

16:17 EST Jazz Pharmaceuticals receives EU Marketing Authorization for Sunosi - Jazz Pharmaceuticals announced that the European Commission approved Sunosi to improve wakefulness and reduce excessive daytime sleepiness in adults with narcolepsy or obstructive sleep apnea whose EDS has not been satisfactorily treated by primary OSA therapy, such as continuous positive airway pressure. Sunosi is the first dual-acting dopamine and norepinephrine reuptake inhibitor approved to treat EDS in adults living with narcolepsy or OSA and the only licensed therapy in the European Union for the treatment of EDS in adults living with OSA. Once-daily Sunosi is approved with doses of 75 mg and 150 mg for people with narcolepsy and doses of 37.5 mg, 75 mg and 150 mg for patients with OSA. At Week 12 of the Phase 3 clinical trial, 150 mg of solriamfetol for narcolepsy patients and both 75 mg and 150 mg doses for OSA patients demonstrated improvements in wakefulness compared to placebo as assessed via the maintenance of wakefulness test from approximately one hour post-dose through approximately nine hours post-dose. The European Commission approval extends to all European Union Member States, as well as Iceland, Norway and Liechtenstein. The Marketing Authorization Application for Sunosi is based on data from four randomized placebo-controlled studies included in the Treatment of Obstructive sleep apnea and Narcolepsy Excessive Sleepiness clinical trial program. Data from the studies in the TONES program demonstrated the superiority of solriamfetol relative to placebo.
CAE

Hot Stocks

14:05 EST CAE appoints Todd Probert as Group President, Defense & Security - CAE announced the appointment of Todd Probert as Group President, Defense & Security, effective January 27, 2020. He will be based in Washington, DC and is succeeding Gene Colabatistto, who retired from CAE in December 2019.
UPS

Hot Stocks

14:02 EST UPS launches e-commerce plug-ins as part of UPS Digital Access Program - UPS announced that it is offering free plug-ins to make UPS tools and services seamlessly available within four popular e-commerce platforms: WooCommerce, PrestaShop, OpenCart and Magento. This offering is part of the recently announced UPS Digital Access Program, which natively integrates UPS's services into popular e-commerce platforms and provides highly competitive shipping rates to users. By offering these plug-ins, UPS helps merchants quickly and easily open a UPS account and manage multiple aspects of shipping and fulfillment inside their existing e-commerce platform. The UPS e-commerce software plug-ins allow merchants with UPS accounts to access their negotiated rates and easily integrate a wide range of UPS delivery services into their favorite platform. Additionally, SMBs can open a UPS account within the plug-ins and get access to discounts of up to 55% off Daily rates.
WINS

Hot Stocks

13:58 EST Wins Finance announces submission of compliance plan to Nasdaq - Wins Finance announced that on January 17, 2020, the company submitted its plan of compliance in connection with its failure to timely file its Annual Report on Form 20-F for the year ended June 30, 2019 for continued listing on the NASDAQ Capital Market, as set forth in NASDAQ Listing Rule 5550(c)(1). On November 18, 2019, the company received a notification letter from the NASDAQ Listing Qualifications stating the company was not in compliance with NASDAQ Listing Rule 5250(c)(1), due to its failure to timely file its Annual Report on Form 20-F for the year ended June 30, 2019. The NASDAQ notification letter provided the company with 60 calendar days from the date of the notification, or until January 17, 2020, to submit a plan to NASDAQ to regain compliance with the NASDAQ's continued listing requirements. If the plan is accepted, NASDAQ can grant an exception of up to 180 calendar days, or until May 13, 2020, for the company to regain compliance. The company may regain compliance at any time by filing its 2019 20-F. If NASDAQ does not accept the company's compliance plan, the company will have the opportunity to appeal that decision to a Hearing Panel under Listing Rule 5815(a). The Company was unable to timely file its 2019 20-F due to the uncertainty over the recovery of RMB 580 million (approximately $83 million) in principal under an agreement the Company entered into in 2014 with Guohong Asset Management Co., Ltd., which was due to be repaid in October 2019. The Company has commenced discussions with Guohong Asset Management Co., Ltd. to recover the amount due, but there is no assurance that the Company will be able to recover any or all of the amount due. However, the failure to collect this amount will not impact the Company's ongoing operations. The Company is currently working with its auditors on finalizing the Company's financial statements for its fiscal year ended June 30, 2019 in light of the uncertainty around this payment. The Company will continue to cooperate with NASDAQ staff and provide information and documents requested by NASDAQ. The Company will provide timely updates to the market upon NASDAQ's decision regarding the Company's compliance plan. About Wins Finance Wins Finance is a diversified investment and asset management company listed on NASDAQ. The Company is focused on identifying value accretive investment opportunities and assets in China and the United States that can be enhanced through the strategic involvement of its established management team and its familiarity with the Chinese investment community to help generate long-term value for shareholders. Wins Finance is well positioned to leverage its expertise and existing operations in China to build a comprehensive platform for the provision of lending and other financing solutions to the under-served small and medium enterprise segment. For more information, please visit www.winsholdings.com. Forward Looking Statements This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks are described in the Company's Annual Report on Form 20-F for the year ended June 30, 2018 and in the Company's other filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. Cision View original content:http://www.prnewswire.com/news-releases/wins-finance-holdings-inc-announces-submission-of-compliance-plan-to-nasdaq-300988940.html