Stockwinners Market Radar for May 03, 2020 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

19:44 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. Roche (RHHBY) announced that the Food and Drug Administration has issued an Emergency Use Authorization for its new Elecsys Anti-SARS-CoV-2 antibody test. The test is designed to help determine if a patient has been exposed to the SARS-CoV-2 virus and if the patient has developed antibodies against SARS-CoV-2. Roche said it has already started shipping the new antibody test to laboratories globally and will ramp up production capacity to high double-digit millions per month to serve healthcare systems in countries accepting the CE mark as well as the U.S. Roche added that its SARS-CoV2 antibody test has a specificity greater than 99.8% and 100% sensitivity. 2. On CBS' "Face of the Nation", Gilead Sciences (GILD) CEO Daniel O'Day said, "We intend to get [remdesivir] to patients in the early part of this next week, beginning to work with the government which will determine which cities are most vulnerable and where the patients are that need this medicine. We've donated the entire supply that we have within our supply chain." 3. COVID-19 is blowing a gaping hole in the balance sheets of U.S. corporations, which is a big problem for stock investors, who, essentially, are seeing billions in value transferred from their portfolios to bondholders, Al Root wrote in this week's edition of Barron's. Many stocks have fallen much farther than what the amount of added debt might imply is fair, creating an opportunity for investors to pick up depressed stock in companies likely to survive the coronavirus-induced economic pause, despite higher debt levels, he contended. Johnson Controls (JCI), NetApp (NTAP), Fox (FOXA), and HP (HPQ) look like buys as COVID-19, the author added. 4. Tesla (TSLA) has taken its first step to becoming an energy provider in the U.K., by applying to the U.K.'s energy regulator for a license to generate electricity, The Telegraph's Ed Clowes and Olivia Rudgard report. The application does not make clear why Tesla has applied for the license. 5. Occidental Petroleum (OXY), Western Midstream Partners (WES), Cenovus Energy (CVE), EQT (EQT), Continental Resources (CLR), Marathon Oli (MRO), Range Resources (RRC), Comstock Resources (CRK), Southwestern Energy (SWN), Parsley Energy (PE), Madison Square Garden Entertainment (MSGE), Madison Square Garden Sports (MSGS) and Tyson Foods (TSN) saw positive mentions in this week's edition of Barron's.

16:16 EDT Spirit Airlines announces new face covering requirements - Spirit Airlines announced its newest safety measure to protect team members and guests against COVID-19. Effective May 11, all guests will be required to wear appropriate masks or face coverings over the nose and mouth to better align with the CDC recommendations about cloth face coverings in public settings. Spirit will also require all guest-facing team members to wear face coverings. These new measures will join many other enhancements to help keep Spirit's new, fuel-efficient fleet and innovative airport experience safe and clean. Spirit is adding reminders in its communications to guests including emails, call centers, website, social media channels and more. Guests will be expected to bring their own face coverings and will be required to wear them both at the airport and throughout the flight. Children who are not able to maintain a face covering are exempt from this requirement. The policy is temporary, and updates will be issued as the situation evolves.

16:07 EDT Over 70,500 PPP loans totaling $14B registered by SBA for PNC customers - PNC Financial announced that the U.S. Small Business Administration has registered more than 70,500 Paycheck Protection Program loans totaling $14B for PNC small business customers. These small businesses are estimated to employ more than 1M people. Of the loans for PNC customers processed and registered with the SBA, 85% were from PNC's Business Banking segment, which services businesses, including non-profits, sole proprietors and independent contractors, with less than $5M in annual revenues. Further, approximately 79% of the registered loans were for amounts of $150,000 or less, with an additional 17% for amounts between $150,000 and $1M. The average loan size was less than $200,000. More than 14,500 of loans registered by the SBA are for borrowers located in LMI census tracts, and more than 4,500 of the registered loans are for non-profit organizations. In addition, PNC has committed more than $45M to eight community development financial institutions since March 2020 to support their own origination of PPP loans in potentially underserved geographies and sectors. Through April 30, PNC has also completed more than 156,000 consumer requests on loans totaling $9.3B; granted more than $2.6M in emergency personal loans; and waived more than $8.1M in deposit fees.

13:16 EDT Honda reports April U.S. sales down 54.1% to 57,751 vehicles - On Friday, American Honda reported sales fall 54.1% to 57,751 units in April due to the continued impact of the COVID-19 pandemic. "There will be challenging days ahead as this very serious public health crisis continues, but with consumer traffic beginning to increase online and at Honda and Acura dealerships, we are approaching the coming weeks with guarded optimism. We value the actions of our Honda associates and dealers as we work to align our business with changing market conditions, and we are now turning our attention to creating momentum for a broader recovery," said Steven Center, vice president of Automobile Sales at American Honda Motor Co. "Sales of Honda and Acura vehicles showed signs of improvement in the final weeks of April, with customer traffic increasing online and in dealer showrooms as state and local authorities eased restrictions on sales activities," the company added.

12:20 EDT Roche COVID-19 antibody test receives FDA Emergency Use Authorization - Roche announced that the Food and Drug Administration has issued an Emergency Use Authorization for its new Elecsys Anti-SARS-CoV-2 antibody test. The test is designed to help determine if a patient has been exposed to the SARS-CoV-2 virus and if the patient has developed antibodies against SARS-CoV-2. Roche said it has already started shipping the new antibody test to laboratories globally and will ramp up production capacity to high double-digit millions per month to serve healthcare systems in countries accepting the CE mark as well as the U.S. Roche added that its SARS-CoV2 antibody test has a specificity greater than 99.8% and 100% sensitivity. "As more is understood about immunity to SARS-CoV-2, the test may help to assess who has built up immunity to the virus," the company said in a statement. Reference Link