Stockwinners Market Radar for March 15, 2020 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

REAL

Hot Stocks

20:18 EDT RealReal temporarily makes stores, luxury consignment offices 'appointment only' - The RealReal is making temporary changes to align with public health organization recommendations surrounding the coronavirus. In a statement, Founder and CEO Julie Wainwright said that, "We are in unprecedented territory with the spread of coronavirus (COVID-19). In a time with so much uncertainty, we want to reassure you that we are taking every precaution to ensure the safety of our customers, consignors and staff by following coronavirus (COVID-19) guidelines provided by the CDC, PHAC and WHO. As I know you're all seeing, these guidelines are evolving frequently. We are committed to adapting our business to align with the latest recommendations from public health agencies. In light of current guidance on social distancing, we are temporarily shifting all of our physical locations (stores and Luxury Consignment Offices) to be by appointment only starting March 16. We plan to return to our full services on March 27, but are closely monitoring the situation and will keep our community informed if that timing changes."
WYNN

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20:15 EDT Wynn Resorts to temporarily close Wynn Las Vegas - Wynn Resorts has decided to temporarily close Wynn Las Vegas and Encore as part of its continuing effort to reduce the spread of COVID-19. The company has committed to pay all full-time Wynn and Encore employees during the closure. The closure will be effective Tuesday, March 17 at 6 pm and is expected to be in effect for two weeks, after which time the company will evaluate the situation. A limited number of employees and management will remain at the resort to secure and maintain the facility.
DAL...

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20:14 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. The Federal Reserve has lowered the federal funds target rate to 0%-0.25% as the coronavirus outbreak continues. In a statement, the Fed said that, "The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States. Global financial conditions have also been significantly affected. [...] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The effects of the coronavirus will weigh on economic activity in the near term and pose risks to the economic outlook. In light of these developments, the Committee decided to lower the target range for the federal funds rate to 0 to 1/4 percent. The Committee expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals. This action will help support economic activity, strong labor market conditions, and inflation returning to the Committee's symmetric 2 percent objective." 2. President Donald Trump has taken a coronavirus test but said on Saturday that his temperature was "totally normal", while his administration extended a travel ban to Britain and Ireland to try to contain a pandemic that has shut down much of the daily routine of American life, Reuters' Jan Wolfe and Brendan O'Brien reported. Following the announcement, Reuters' David Shepardson reported that Delta Air Lines (DAL) was halting service to London from Detroit and Dublin flights from New York. American Airlines (AAL) also slashed long-haul international flights by 75% because of the collapse in travel demand and government restrictions imposed to slow the spread of coronavirus, Bloomberg's Mary Schlangenstein wrote. Other publicly traded companies in the space include Alaska Air (ALK), Southwest (LUV), JetBlue (JBLU), United Airlines (UAL), and Spirit Airlines (SAVE). Meanwhile, several companies have announced store closures worldwide as the coronavirus outbreak continues, including Apple (AAPL), Nike (NKE), Lululemon (LULU), Land's End (LE), Abercrombie & Fitch (ANF) and Under Armour (UA, UAA). 3. Early in the week, global airlines faced three scenarios when it came to the coronavirus-bad, really bad, and "really really bad," and it took just a few days to arrive at that "really really bad" scenario as the coronavirus outbreak was deemed a pandemic and President Trump announced the 30-day ban on foreign citizens traveling to the U.S. from 26 European countries, Daren Fonda's wrote in this week's edition of Barron's. Some airlines, like Delta Air Lines, have the financial mettle to take off once the health, and economic, recovery begins. Others, like Norwegian Air Shuttle (NWARF), which announced on Thursday it would lay off half its employees and ground 4,000 flights, will have a much bumpier ride, the author noted. 4. Disney's (DIS) animated movie "Onward" stayed number 1 in North America as moviegoing in the U.S. slowed amid the coronavirus pandemic and as box office revenue fell to a 20-year low, according to initial estimates. While an official tally won't be finalized until Monday, revenue should come in around $55.3M, according to Comscore. The film earned $10.5M for a 10-day domestic total of $60.3M. Overseas, the movie grossed an estimated $6.8M in its second weekend for a foreign tally of $41.4M and $101.7M globally. "Onward" sports an A- CinemaScore and an 86% Rotten Tomatoes. 5. Concho Resources (CXO), Cabot Oil & Gas (COG), Phillips 66 (PSX), Valero Energy (VLO), Euronav (EURN), International Seaways (INSW), and Scorpio Tankers (STNG) saw positive mentions in this week's edition of Barron's.
LULU

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19:22 EDT Lululemon to close all stores in North America, Europe until March 27 - In light of the rapidly changing developments, Lululemon announced the closure of all stores in North America and Europe, from March 16 through March 27. Guests can continue to shop on lululemon.com. "We are living in uncertain times and we're learning more about this virus every day. We are taking this step to help protect our global community, guests and people, and ensure we are doing our part to prevent the spread of COVID-19," said Calvin McDonald, Chief Executive Officer. "During this time, lululemon employees will continue to receive pay for all hours they have been scheduled to work and have access to lululemon's Global Pay Relief plan. I'm proud of how our teams are working to create space for our guests to connect through yoga and meditation classes online," McDonald added. The company will provide an update regarding the impacts of COVID-19 during its fourth quarter fiscal 2019 earnings call, to be held on March 26.
WMT

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18:10 EDT Sam's Club to temporarily adjust in-club shopping hours - To ensure that its associates have ample time to restock, clean and sanitize each club, effective Tuesday, March 17, Sam's Club will adjust all in-club shopping hours to 9 a.m. to 8 p.m. local time, Monday to Saturday.
GM...

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17:41 EDT GM, Ford to enhance COVID-19 protections for manufacturing, warehouse workers - The United Auto Workers, General Motors (GM), Ford (F) and Fiat Chrysler (FCAU) announced they are forming a COVID-19/coronavirus Task Force to implement enhanced protections for manufacturing and warehouse employees at all three companies. UAW President Rory Gamble, GM Chairman and CEO Mary Barra, Ford President and CEO Jim Hackett and FCA CEO Michael Manley will lead the task force. All three companies and the UAW are working to coordinate action to prevent the spread of COVID-19/coronavirus, including enhanced visitor screening, increased cleaning and sanitizing of common areas and touch points, and implementing safety protocols for people with potential exposure, as well as those who exhibit flu-like symptoms. The joint task force's areas of focus will include vehicle production plans, additional social distancing, break and cleaning schedules, health and safety education, health screening, food service and any other areas that have the potential to improve protections for employees.
LE

Hot Stocks

17:38 EDT Land's End closing all retails stores in U.S. through March 29th - Lands' End said in a statement that, "Out of an abundance of caution to the communities we serve, we are closing all retail stores in the United States through March 29th. We will continue to pay all our retail employees for the hours they have been scheduled to work in our stores. Our website, landsend.com http://www.landsend.com/ remains open 24/7 as we continue our commitment to giving customers the best possible experience. For the safety of our employees and customers, we have restricted international and domestic travel, instituted flexible work plans, including working remotely where available to encourage social distancing in our offices, and have increased our cleaning and sanitizing procedures in our offices, retail stores and distribution center."
NKE

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16:47 EDT Nike to close stores in U.S., multiple countries to limit spread of coronavirus - In a statement, Nike said that, "The well-being of our teammates and consumers is our top priority so we have decided to close our stores in multiple countries around the world including in the United States, Canada, Western Europe, Australia and New Zealand to limit the spread of the Coronavirus (COVID-19). These closures will go into effect from Monday, March 16 through Friday, March 27. Customers can continue to shop on Nike.com and on our Nike apps. We are taking additional steps in other Nike-managed facilities, including the option to work from home, staggered work schedules, social distancing and additional safety and cleaning steps to help protect and support our teammates. Our Nike-owned stores in South Korea, Japan, most of China and in many other countries are currently open and will continue their normal operations."
MGM

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16:21 EDT MGM Resorts to temporarily close MGM National Harbor - MGM Resorts International announced that it will comply with the emergency order issued by Maryland Governor Larry Hogan. MGM National Harbor will temporarily close operations by midnight tonight. "The health and wellbeing of our employees and guests are our most important priority. We will work hard to mitigate the impact this will have on our employees and communities," said MGM Chief Operating Officer and President Bill Hornbuckle. "We will reopen as soon as it is appropriate and safe to do so."
UA UAA

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16:20 EDT Under Armour to close all stores in North America until March 28 - Because the health and safety of our teammates, athletes and customers is our top priority, Under Armour will close all stores in North America from March 16 through March 28, 2020. All our teammates will receive pay during this time. We continue to offer work from home and flexible attendance options and have implemented enhanced cleanliness and sanitation steps in both our corporate offices and distribution centers to further protect our teammates.
AAPL

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15:43 EDT Apple closing retail stores worldwide, except Greater China - Apple said it is closing all its retail stores, except those in Greater China, for the next two weeks to minimize the risk of coronavirus transmission. In a letter posted on the company's website, Apple CEO Tim Cook said that, "Apple's committed donations to the global COVID-19 response - both to help treat those who are sick and to help lessen the economic and community impacts of the pandemic - today reached $15 million worldwide. We're also announcing that we are matching our employee donations two-to-one to support COVID-19 response efforts locally, nationally and internationally. [...] I want to express my deep gratitude to our team in China for their determination and spirit. As of today, all of our stores in Greater China have reopened. I also want to thank our operations team and partners for their remarkable efforts to restore our supply chain. What we've learned together has helped us all develop the best practices that are assisting enormously in our global response. One of those lessons is that the most effective way to minimize risk of the virus's transmission is to reduce density and maximize social distance. As rates of new infections continue to grow in other places, we're taking additional steps to protect our team members and customers. We will be closing all of our retail stores outside of Greater China until March 27. We are committed to providing exceptional service to our customers. Our online stores are open at www.apple.com, or you can download the Apple Store app on the App Store. For service and support, customers can visit support.apple.com." Reference Link
RHP

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15:03 EDT Ryman Hospitality provides additional update on impact of coronavirus - Ryman Hospitality has provided an update on the impact of COVID-19. In a statement, Chairman and Chief Executive Officer of the company Colin Reed said that, "As federal, state and local governments have issued additional guidance for controlling the spread of COVID-19, many businesses have changed their operations to implement social distancing measures, and many consumers have altered their behavior in light of COVID-19. Our company has taken additional steps to support this effort, including the temporary closure of some of our entertainment venues and instituting a work from home environment for many of our corporate and divisional employees. In an effort to keep our shareholders informed, we have outlined the most recent impacts and actions we are taking with regards to COVID-19. For the two weeks ended March 14, 2020, our hospitality business has experienced total attrition and cancellations of approximately 268,000 net room nights, representing approximately $132M of revenue. This represents approximately seven annual occupancy points, or approximately 16%, of the contracted group room nights for the March through December time period on the books as of January 1, 2020. Approximately 55% of this impact is for March 2020, approximately 34% is for April 2020 and approximately 11% is for May-July 2020. The total estimated amount of attrition and cancellation fees currently owed to the Company for the attrited/cancelled groups is approximately $63M. In addition, we have seen decreased levels of booking pace in our hospitality segment's leisure business for the remainder of March. In light of the decreased occupancy levels we expect over the coming weeks, we have been working closely with our operator, Marriott, to implement aggressive cost reduction and capital preservation initiatives across our hotel portfolio. We have significantly reduced expense levels at each of our properties by closing portions of the hotel to match expected occupancy. Salaried employees at each hotel are now performing functions normally performed by hourly and part-time staff, and the hotels are utilizing reduced levels of hourly and part-time staffing to match expected occupancy. [...] When applicable, we will pursue claims available under our business interruption coverage, but given the nature of this pandemic, the pooled nature of coverage available to our hospitality business, and the applicable sub-limits and other coverage terms under these policies, we do not anticipate material recoveries from business interruption insurance. [...] The Ryman Auditorium plans to remain open to the public for tours. We plan to operate our Ole Red entertainment venues with regular business hours. We have delayed the opening of our Ole Red Orlando venue, which had been scheduled for April 14, 2020. We have also undertaken aggressive measures in our entertainment business and corporate functions to reduce operating costs and preserve capital during this period of disruption. [...] Through the end of February 2020 our operating results exceeded our expectations and were significantly ahead of prior year results, both in terms of revenue and profitability. In addition, our liquidity position remains strong and is supported by commitments from a group of banks with which we have had long-standing relationships. We currently have approximately $285M of available cash and $700M of availability under our revolving credit facility."
BYD

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14:54 EDT Boyd Gaming to temporary close properties in Illinois, Indiana, Ohio - Boyd Gaming announced that four of the company's properties will be temporarily closing to the public: Belterra Casino Resort and Blue Chip Casino Hotel and Spa in Indiana; Belterra Park in Ohio; and Par-A-Dice Casino Hotel in Illinois. All closures are related to state officials' efforts to prevent the spread of COVID-19. Belterra Park closed on Friday, March 13, at midnight Eastern Time. The company closed the property in response to an order by the Ohio Department of Health prohibiting mass gatherings of 100 or more people in the state. The company does not have an estimated re-opening date at this time. Par-A-Dice will close on Sunday, March 15 at midnight Central Time, in compliance with a closure order from the Illinois Gaming Board. The Board's order requires all casinos in the state of Illinois to remain closed until Monday, March 30. Belterra Resort and Blue Chip will close on Monday, March 16 at 6 am local time, in compliance with orders from the Indiana Gaming Commission. The Commission's order requires all casinos in the state of Indiana to remain closed until Monday, March 30. In addition to these closures, Valley Forge Casino Resort will remain closed until Friday, March 27, following a previous order by the Governor of Pennsylvania mandating the closure of all entertainment venues in Montgomery County, Pennsylvania. There have been no reported cases of COVID-19 at any Boyd Gaming property. All closures are due solely to state mandates aimed at preventing the spread of the disease. All other Boyd Gaming properties remain in operation at this time.
FTI

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14:52 EDT TechnipFMC says market environment 'not conducive' of planned separation - Market conditions have changed materially due to the COVID-19 pandemic, the sharp decline in commodity prices, and the heightened volatility in global equity markets. The impacts of these events have created a market environment that is not currently conducive to the Company's planned separation into TechnipFMC and Technip Energies. The company reiterates that the strategic rationale for the separation remains unchanged. The company is committed to the transaction and continues its preparations to ensure that the two companies are ready for separation when the markets sufficiently recover.
ANF

Hot Stocks

14:49 EDT Abercrombie & Fitch to close stores, withdraws Q1/FY20 outlook - Abercrombie & Fitch announced updates to its global store operations in response to the continued spread of COVID-19. Abercrombie & Fitch will temporarily close all stores across its brands outside of the APAC region, effective March 15 in North America and March 16 in EMEA, until March 28, 2020. Its locations in the APAC region will remain open. The company's online stores currently remain open in all regions. Due to the heightened uncertainty relating to the potential impacts of COVID-19 on the company's business operations, including its duration and its impact on overall demand for merchandise, the company is withdrawing Q1 and full-year 2020 outlook issued on March 4, 2020, although it still expects material adverse impacts. The company is not providing an updated outlook at this time.
ESLT

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14:24 EDT Elbit Systems' U.S. subsidiary awarded $200M artillery systems contract - Elbit Systems announced further to the company's announcement dated March 27, 2019, that its U.S. subsidiary, Elbit Systems of America was awarded a $200M contract as part of the Israeli Ministry of Defense automatic self-propelled howitzer gun systems program. The contract will be performed over a 12-year period.
PENN

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12:25 EDT Penn National to temporarily suspend operations at Indiana casinos - Penn National announced that pursuant to an order from the Indiana Gaming Commission it will temporarily suspend operations at Hollywood Casino Lawrenceburg and Ameristar East Chicago for a period of two weeks beginning Monday, March 16 as a precautionary measure against the ongoing spread of COVID-19. The IGC will remain in consultation with the state's licensed casinos, public health authorities and government officials to determine safe protocols for when operations may resume.
WMT

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12:24 EDT Walmart to adjust store hours for cleaning, restocking - Walmart announced: "Beginning Sunday, March 15, Walmart stores and Neighborhood Markets will adjust their operating hours to help ensure associates are able to stock the products our customers are looking for and to perform cleaning and sanitizing. Unless they already have more reduced hours, stores will be open from 6 a.m.-11 p.m. until further notice."
NGVC

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12:23 EDT Natural Grocers announces early store closures for cleaning, restocking - In a letter from the Isely family, Natural Grocers announced that effective immediately all 157 Natural Grocers stores will be closing at 7:35 p.m. so that good4u Crews can restock and thoroughly clean their stores. All stores will open at their normal posted times. These new closing hours will remain in effect until further notice.
URBN

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11:14 EDT Urban Outfitters to close all stores until at least March 28 due to COVID-19 - Urban Outfitters, which operates a portfolio of global consumer brands comprised of Anthropologie, BHLDN, Free People, Terrain, Urban Outfitters and Nuuly brands and the Food and Beverage division, provides the following update on COVID-19: "The global spread of COVID-19 is affecting every one of us. The safety and health of our communities, including our loyal customers and dedicated associates, is always of the utmost importance to us. As far as we know, none of our employees have tested positive for COVID-19. In an effort to protect our communities, we have decided to close all of our stores around the globe. Stores will not reopen until at least March 28. We will continue to pay our store teams during this time. We will continue to operate our e-commerce and subscription businesses. In our offices globally, we have asked our corporate employees whose jobs allow them to work remotely to do so for the foreseeable future. We have divided employees who cannot work remotely into shifts to reduce density at our corporate offices and create social distance. We have also enhanced regular cleaning protocols in these spaces and stand ready to deeply and completely clean them as necessary. Because the situation is complex and evolving rapidly, our plans may change. We want to assure you that we are doing our best to protect our communities, and we look forward to the time when we realize that we have come through this, stronger than ever."