Stockwinners Market Radar for August 21, 2020 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

18:13 EDT Party City's Matthews acquires 250,000 common shares - In a regulatory filing, Party City director Norman S. Matthews disclosed the acquisition of 250,000 common shares of the company on August 20 at a price of $2 per share.

17:32 EDT Take-Two CEO sells 35K shares of common stock - In a regulatory filing, Take-Two disclosed that its CEO Strauss Zelnick sold 35K shares of common stock on August 19th in a total transaction size of $6.1M.

17:14 EDT Ceva COO sells over 2,000 common shares - In a regulatory filing, Ceva COO Michael Boukaya disclosed the sale of 2,338 common shares of the company on August 19 at a price of $42.8578 per share.

17:11 EDT Wayfair to repurchase up to $700M in common stock - In a regulatory 8K filing, the company states: On August 21, the board of Wayfair authorized the repurchase of up to $700M million of the company's Class A common stock. This new repurchase program is effective immediately and replaces the previous $200M stock repurchase authorization approved by the Board of Directors in 2018, which has been terminated.

17:00 EDT Malibu Boats, Go Surf Assist settle patent litigation - Malibu Boats, LLC announced that it has settled the patent infringement case brought by Malibu Boats against Go Surf Assist, LLC before the U.S. District Court for the Western District of Texas, Waco Division. Under the terms of the settlement, Go Surf Assist will make a one-time payment to Malibu Boats, and will enter into a license agreement for the payment of future royalties for surf systems sold by Go Surf Assist using the licensed technology.

16:46 EDT Vivint Solar's Tibbetts sells over 53,000 common shares - In a regulatory filing, Vivint Solar director Joseph S. Tibbetts, Jr. disclosed the sale of 53,138 common shares of the company on August 20 at a price of $25.2424 per share.

16:33 EDT Lowe's raises quarterly cash dividend 9% to 60c per share - The board for Lowe's declared a quarterly cash dividend of 60c per share, payable November 4, to shareholders of record as of October 21. This represents a 9% increase over the company's previous quarterly dividend and brings the Q3 payout to approximately $455M. Lowe's has declared a cash dividend every quarter since going public in 1961.

16:18 EDT Globe Life resumes stock repurchases - Globe Life announced that its board has authorized resumption of the company's common stock repurchase program, which was temporarily postponed in April, 2020 in light of economic conditions at that time. This repurchase program has no defined expiration date or maximum amount of shares to be repurchased.

16:12 EDT Dover's Graham sells 30,000 common shares - In a regulatory filing, Dover director Kristiane C. Graham disclosed the sale of 30,000 common shares of the company on August 19 at a price of $110.72 per share.

16:01 EDT Faro Technologies acquires ATS AB, terms not disclosed - Faro Technologies announced that the company has acquired Advanced Technical Solutions in Scandinavia AB, a Swedish-based leader in 3D digital twin solution technology. "We believe this acquisition enables FARO with differentiated accuracy and speed, which we believe will accelerate the adoption of digital twin technology. High accuracy 3D digital twin simulations allow capital intensive industries such as automotive and aerospace to meaningfully reduce their time to market and cost," said Michael Burger, Faro President & CEO. "I welcome the ATS team into FARO and believe they will help accelerate our strategic objective of increasing cloud based subscription offerings in this sizable market."

16:01 EDT Churchill Downs says Kentucky Derby to run on September 5 without fans - Churchill Downs Incorporated announced its decision to run the 146th Kentucky Derby on September 5, 2020 without fans. CDI issued the following statement: "The Kentucky Derby is a time-honored American tradition which has always been about bringing people together. However, the health and safety of our team, fans and participants is our highest concern. Churchill Downs has worked diligently over the last several months to plan a safe Derby with a limited number of spectators in attendance. We were confident in that plan, but dedicated to remaining flexible using the best and most reliable information available. With the current significant increases in COVID-19 cases in Louisville as well as across the region, we needed to again revisit our planning. We have made the difficult decision to hold this year's Kentucky Derby on September 5 without fans. Churchill Downs and all of our team members feel strongly that it is our collective responsibility as citizens of Louisville to do all we responsibly can to protect the health, safety and security of our community in these challenging times and believe that running the Derby without spectators is the best way to do that. We deeply regret the disappointment this will bring to our loyal fans. The decision comes with the support of Governor Andy Beshear who said, "The virus is still aggressively spreading in Kentucky, and the White House has announced that Jefferson County and the City of Louisville are in a 'red zone' based on increases in cases. This week alone the county had more than 2,300 new cases," Gov. Beshear said. "I applaud Churchill Downs for continuing to monitor the virus and for making the right and responsible decision. I am asking all Kentuckians to take action to stop the spread of the virus so we can get back to the many traditions we enjoy, like the Kentucky Derby.""

14:38 EDT Clean Harbors COO sells over 20,000 common shares - In a regulatory filing, Clean Harbors COO Eric W. Gerstenberg disclosed the sale of 20,279 common shares of the company on August 20 at a price of $61.719 per share.

13:56 EDT 3M Canada to expand Brockville plant to produce N95 respirators - The Ontario and Canadian governments are partnering with 3M Canada to expand its Brockville, Ontario manufacturing facility to produce made-in-Ontario N95 respirators. Both levels of government are investing C$23.33M to support 3M's capital investment of C$70M. The expanded facility will produce enough respirators to meet private sector, provincial and North American market demand throughout the pandemic and beyond. The announcement was made on the site of the expansion by Prime Minister Justin Trudeau, Premier Doug Ford, Anita Anand, Canada's Minister of Public Services and Procurement, and Vic Fedeli, Ontario's Minister of Economic Development, Job Creation and Trade. The Government of Ontario and the Government of Canada reached a five-year agreement with 3M for the provision of 50M respirators annually beginning in early 2021 to meet current demand for frontline healthcare workers in Ontario and across Canada. The respirators will be shared equally between Ontario and Ottawa. The project is expected to create 30 jobs in Brockville, Ontario, including production operators, maintenance technicians, process engineers, supervisors and quality assurance professionals. Reference Link

13:21 EDT Qurate Retail declares special dividend of $1.50 per share - Qurate Retail announced that an authorized committee of its board declared a special dividend on each outstanding share of its common stock consisting of a special cash dividend in the amount of $1.50 per common share, for an aggregate cash dividend of approximately $633M. The committee has declared a record date of 5:00 p.m., New York City time, on August 3 for the dividend.

13:01 EDT Baker Hughes reports U.S. rig count up 10 to 254 rigs

12:41 EDT AMTD International Inc trading resumes

12:03 EDT Kodak trading resumes

12:00 EDT SilverBow Resources falls -9.0% - SilverBow Resources is down -9.0%, or -43c to $4.34.

12:00 EDT Cato Corp. falls -22.2% - Cato Corp. is down -22.2%, or -$1.84 to $6.43.

12:00 EDT Velocity Financial rises 16.8% - Velocity Financial is up 16.8%, or 71c to $4.93.

11:58 EDT Kodak trading halted, volatility trading pause

11:31 EDT FDA posts tentative approval of Teva's Pirfenidone - Reference Link

11:12 EDT Baidu opens Apollo Go Robotaxi service in Cangzhou, Hebei province - Baidu opened the Apollo Go Robotaxi service in Cangzhou, Hebei province, extending robotaxi coverage to the downtown area of a city for the first time in China. T With Apollo Go, people in Cangzhou can hail a robotaxi ride from train stations and other public spaces. At first, the Apollo Go Robotaxi service in Cangzhou covers 55 pick-up and drop-off stations across the city, including train stations, schools, hotels, museums, business and industrial areas, and other public spaces. The launch in Cangzhou comes after Baidu opened robotaxi services in a 130 square kilometer region of Changsha, Hunan province, in April this year. By servicing busy areas of Cangzhou, Apollo Go is making autonomous driving technology more accessible-and helpful-to users as they go about their daily lives. . In addition to the operations in Changsha and Cangzhou, Apollo continues to conduct manned autonomous driving tests in Beijing, Chongqing, and other cities.

10:24 EDT Deere now 'comfortable' restarting share repurchase plan

10:17 EDT Independent Bank appoints Gavin Mohr as CFO - Independent Bank Corporation announced that Gavin Mohr has been hired as the organization's new CFO, commencing September 14, 2020. Previously, IBCP announced on June 23, 2020, that Robert Shuster, the current EVP and CFO of the Corporation and the Bank, had returned on an interim basis following his previous retirement on January 31, 2020. Shuster will remain with the organization as a Senior Financial Executive until approximately October 31, 2020 to assist Mohr with his transition. Since April 2016, Mohr has served as the CFO of STAR Financial Bank.

10:13 EDT Deere: Farmer sentiment continues to be fluid

10:01 EDT Medtronic: FDA approves revised commercial labeling for Evolut TAVR platform - Medtronic announced the U.S. FDA has approved revised commercial labeling for the Evolut TAVR platform that modified a precaution for the treatment of bicuspid severe aortic stenosis patients at a low risk of mortality during surgical aortic valve replacement. The revised commercial labeling includes recommendations heart teams should consider when assessing TAVR as a potential treatment option for bicuspid patients, including patients' anatomical characteristics, age, long term durability, and the existing clinical data.

10:00 EDT ProShares Ultra Silver falls -6.3% - ProShares Ultra Silver is down -6.3%, or -$3.82 to $56.71.

10:00 EDT Vivint Solar rises 5.2% - Vivint Solar is up 5.2%, or $1.32 to $26.53.

10:00 EDT The Buckle rises 20.8% - The Buckle is up 20.8%, or $3.41 to $19.78.

09:49 EDT Foot Locker says any share repurchases will be 'opportunistic'

09:47 EDT ProShares Ultra Silver falls -6.2% - ProShares Ultra Silver is down -6.2%, or -$3.78 to $56.75.

09:47 EDT Foot Locker rises 5.8% - Foot Locker is up 5.8%, or $1.57 to $28.76.

09:47 EDT The Buckle rises 20.0% - The Buckle is up 20.0%, or $3.28 to $19.65.

09:28 EDT Foot Locker says ended Q2 with 'improved inventory levels'

09:19 EDT Foot Locker says over 90% of global store fleet now open - Says challenges facing operating environment "remain dynamic." Says Q2 North America performance strong, but International mixed. Expects FY20 CapEx approximately $156M. Says not providing FY20 guidance, but expects continued promotional environment in 2H20. Comments taken from Q2 earnings conference call.

09:10 EDT Vertex Pharmaceuticals gets marketing authorization for Kaftrio regimen from EC - Vertex Pharmaceuticals announced that the European Commission, or EC, has granted marketing authorization for Kaftrio in a combination regimen with ivacaftor to treat people with cystic fibrosis, or CF, ages 12 years and older with one F508del mutation and one minimal function mutation, or two F508del mutations in the cystic fibrosis transmembrane conductance regulator gene.

09:06 EDT Verizon 5G Ultra Wideband service live at the Indianapolis Motor Speedway - Verizon has partnered with the Indianapolis Motor Speedway and NBC sports. Verizon 5G Ultra Wideband service will be used to transport select fans into the center of the action during the live Indy 500. A high-definition, 5G-enabled, 360-degree camera will be placed on the infield and these fans can then access an AR portal on their smartphone and be virtually transported to the track. These fans can also control their view -- choosing their favorite angles or perspectives -- providing a unique, front row-style, viewing experience from the comfort and safety of their own home. Verizon is also working with NBC Sports to show how 5G Ultra Wideband can transform the way live sports broadcasts are captured and produced. Verizon will have a 5G-connected broadcast camera on the track near the start-finish flag stand. The video from the camera will be streamed over 5G to the broadcast compound where NBC Sports producers will incorporate select shots into the live broadcast. With Verizon's 5G Ultra Wideband's low latency and high bandwidth, broadcast quality video can be transmitted wirelessly to producers, whether onsite or offsite. Plus, 5G's wireless connectivity means that cameras are untethered allowing for unique camera angles and reducing setup time on the track. The Indy 500 will be broadcast on NBC on Sunday August 23rd at 1 pm ET. Verizon 5G Ultra Wideband is available in parts of 36 cities.

09:03 EDT Jupiter Research introduces 'Dose-CTI' metered dosage delivery - Jupiter Research, a subsidiary of TILT Holdings, announced the launch of Dose-CTI, its custom time interval metered dosage delivery system for cannabis vaporization. This technology, previously limited to a small number of custom hardware orders, will now be available as a feature on most Jupiter devices, allowing extractors and licensed processors the ability to give their customers more control over their cannabis vaping experience. Jupiter's Dose-CTI provides a unique micro-dose control customization feature for power supplies and all-in-one vaporizer products offering brands the option to choose from one of three time-based metered dosage levels as a feature in their custom device. Customers can then select a vaporizer device with the cut-off time they prefer. In addition to Dose-CTI, Jupiter will now offer customized Kinder-Safe premium child-resistant packaging solutions custom-fit for Jupiter's vaporizer cartridges and power supplies. By reducing the need for customers to purchase packaging separately from third parties, Jupiter is streamlining the supply chain to help our partners get to market faster.

08:52 EDT Altria Group names Jody Begley as COO, effective September 1 - On August 20, the Board of Directors of Altria Group elected Jody Begley to become the company's Executive Vice President and COO, effective September 1. Begley currently serves as the company's Senior Vice President, Tobacco Products and has been continuously employed by the company or its subsidiaries in various positions since 1995.

08:43 EDT Hollywood Casino Baton Rouge to move to landside facility in early 2022 - Gaming and Leisure Properties announced that its Hollywood Casino Baton Rouge facility received approval from the Louisiana Gaming and Control Board to move its gaming operations to a to-be-constructed landside facility. The Company expects to complete the $21M-$25M project in early 2022 and believes the change to a landside facility will bring significant economic benefits to Downtown Baton Rouge. In addition, the project is expected to bring 166 construction jobs to the area with total labor spend of approximately $10M.

08:33 EDT Ehang joins international project to develop air ambulance - EHang Holdings announced that it has been selected to join Ambular, an international project endeavoring to develop a flying ambulance for medical emergency use. Supported by the International Civil Aviation Organization, the project also seeks to inspire the global aviation community to unleash the potential of eVTOL aircraft. The Ambular project was the outcome of the ICAO's exploration of the future of aviation in late 2017. The ICAO recognized the possible use of AAVs for extremely rapid medical transport. EHang will contribute the necessary hardware to the Ambular project, thus driving research and development of the power component of the aircraft.

08:25 EDT The Buckle jumps 18% to $19.30 after Q2 results beat estimates

08:11 EDT Super League Gaming named launch partner for Venture Valley - Super League Gaming and the Singleton Foundation for Financial Literacy and Entrepreneurship announced an exclusive recreational esports partnership for the launch of the nonprofit's upcoming new game Venture Valley. Working with premiere game developer Hitpoint Studios, the Singleton Foundation produced Venture Valley which gives players the chance to be the CEO of their in-game careers. With esports-style competitive play, gamers create new start-up companies. Up to six players compete against each other with the goal of building the most successful business empire in the Valley. As the exclusive esports launch partner for Venture Valley, Super League will be developing multiple initiatives across its proprietary properties and within its social and digital distribution channels. Included within the program will be weekly online competitions enabling players to compete for everything from bragging rights to exciting prizes, with top players being celebrated within the Super League and emerging Venture Valley communities. Super League also will produce a collegiate Venture Valley championship tournament, complete with a live esports broadcast of the finals, leveraging Super League's patented gameplay visualization technology.

08:03 EDT Arch Biopartners obtains DTC eligibility for common shares on OTCQB - Arch Biopartners announced it has obtained eligibility with The Depository Trust Company in the United States, increasing access for U.S. investors for its common shares listed on the OTCQB. DTC Eligibility means Arch shares can now be transferred and settled between brokerage accounts electronically, enabling the stock to be traded over a wider network of brokerage firms by coming into compliance with their requirements.

08:02 EDT Document Security completes Impact BioMedical acquisition - Document Security Systems announced the closing of the company's acquisition of Impact BioMedical. The company's long-term plans for Impact BioMedical include taking it public through an initial public offering. As previously announced, in concert with this public offering, DSS anticipates a proposed two-part dividend of Impact BioMedical shares to its shareholders, whereby for every one DSS share of common stock held, the shareholder would be entitled to a bonus of four Impact Shares, the Bonus shares. The first tranche of the planned Bonus share dividend intends to provide shareholders with two shares of Impact BioMedical for every share of DSS they hold. The DSS Board of Directors is expected to meet in the immediate future to set a record date for this tranche. The second tranche of the planned Bonus share dividend is expected to provide an additional two shares of Impact BioMedical to the DSS shareholders of record on the date of the proposed IPO of Impact BioMedical. The issuance of the Bonus shares would occur after the registration and the IPO of Impact BioMedical's shares. While there can be no assurance that Impact BioMedical will be taken public and/or that any Bonus share distribution will occur, particularly due to unforeseen circumstances including fulfilling the pre-requisite criteria during the IPO application process and market forces beyond the Company's control, it is the intention of management and the Board to take Impact BioMedical public and to reward DSS shareholders via the issuance of Bonus shares. DSS announced its acquisition of Impact BioMedical in March 2020. Impact BioMedical's ownership of a suite of antiviral and medical technologies has been valued at $382M by Destum Partners, known globally for its high level of expertise and capability in independently valuing and advising on pharmaceutical technology. On May 26, 2020, Impact BioMedical disclosed that it received a valuation of $933M for this suite of technology from a different independent valuation firm. Unlike the previous valuation, the new valuation takes into consideration numerous additional disease applications of the suite of antiviral and medical technologies.

07:35 EDT Foresight Autonomous to start Eye-Net accident prevention solution pilot project - Foresight Autonomous announced that its wholly owned subsidiary, Eye-Net Mobile, will start a pilot project with a multi-billion dollar global Japanese technology company to test its Eye-Net Protect cellular-based V2X, or vehicle-to-everything, accident prevention solution. The pilot project will be used to validate the Eye-Net solution capabilities and its technical specifications. Upon successful completion, the Japanese technology company may proceed to commercial integration of the Eye-Net solution into its IoT platform which currently serves millions of users.

07:31 EDT Aemetis completes construction of Phase 1 dairy digester, pipeline project - Aemetis announced the completion of construction of the first two dairy digesters and four mile pipeline for the production of renewable natural gas to supply below-zero carbon intensity RNG to displace petroleum based natural gas used at the Keyes ethanol production facility, and to provide fuel for RNG trucks and buses. Aemetis is currently commissioning Phase I of the Central Dairy Digester Project. After Phase I of the project is operational, construction will begin on the additional 15 dairies that have signed agreements with Aemetis and approximately 30 miles of private pipeline.

07:17 EDT Deere sees FY20 effective tax rate 27%-29%, net operating cash flow $2.8B

07:12 EDT BioNTech up over 7%, Pfizer up 1.7% after BNT162 COVID-19 vaccine data - Shares of BioNTech (BNTX) are up 7.1% at $71 per share and Pfizer (PFE) is up 1.2% at $39.18 in early pre-market trading after the companies' tolerability update on their BNT162 COVID-19 vaccine development released last night.

07:10 EDT Despegar.com announces $150M investment by L Catterton - Despegar.com announced that it entered into a private placement with an affiliate of L Catterton Latin America in which Despegar will issue and sell non-convertible preferred stock plus warrants to purchase ordinary shares for an aggregate purchase price of $150M. The company expects the investment to close in September, subject to customary closing conditions. Despegar intends to use the proceeds from this investment for general corporate purposes, including potential acquisitions.

07:06 EDT Myriad Genetics says ASCO includes myChoice CDx in recommendations - Myriad Genetics announced that the American Society of Clinical Oncology has exclusively included Myriad's myChoice CDx test in its new recommendations on the use of PARP inhibitors for the treatment and management of certain patients with advanced ovarian cancer. The new recommendations, based on clinical trial results, were published in the Journal of Clinical Oncology. The guideline, titled "PARP Inhibitors in the Management of Ovarian Cancer: ASCO Guideline," where myChoice CDx was the only named commercial companion diagnostic, states that women with ovarian cancer and germline or somatic mutations in BRCA1 or BRCA2 genes and/or genomic instability - as determined by Myriad myChoice CDx - are recommended by ASCO for PARP inhibitor therapy. The guideline includes myChoice CDx guided management in both newly diagnosed and recurrent ovarian cancer.

07:02 EDT Alkermes: FDA meeting to review NDA for ALKS 3831 set for October 9 - Alkermes announced that a joint meeting of the U.S. FDA Psychopharmacologic Drugs Advisory Committee and the Drug Safety and Risk Management Advisory Committee to review the New Drug Application for ALKS 3831 has been tentatively scheduled for October 9. ALKS 3831 is an investigational, novel, once-daily, oral atypical antipsychotic drug candidate for the treatment of adults with schizophrenia and for the treatment of adults with bipolar I disorder. The Prescription Drug User Fee Act action date for the ALKS 3831 NDA is November 15. It is expected that the advisory committee panel will review the efficacy, safety, and benefit-risk profile of ALKS 3831 for the proposed indications of schizophrenia and bipolar I disorder. As announced previously, the company expects the advisory panel to focus on the clinical meaningfulness of ALKS 3831's attenuation of olanzapine-associated weight gain, including the magnitude of weight effect and the impact of ALKS 3831 on laboratory-based metabolic parameters. Since that time, the company has learned that the panel will also discuss certain potential clinical risks related to the interaction of ALKS 3831, which includes samidorphan, an opioid receptor antagonist, and opioids in the intended patient populations.

06:53 EDT Foot Locker reinstates quarterly dividend program - The company announced that the board reinstated the quarterly dividend program and declared a quarterly cash dividend on the company's common stock of 15c per share, which will be payable on October 30 to shareholders of record on October 16.

06:51 EDT The Buckle reports Q2 online sales up 99% - Online sales increased 99% to $46M for the 13-week period ended August 1, compared to net sales of $23.1M for the 13-week period ended August 3, 2019.

06:19 EDT Pinduoduo drops 12% to $84.80 after mixed Q2 results

06:15 EDT Pinduoduo says 'healthy recovery in advertising demand' in Q2 - "In the second quarter of 2020 we continued to devote resources to support economic recovery across China, and we witnessed great resilience amongst our merchant community," said Lei Chen, CEO of Pinduoduo. "We also continued our investments in user engagement and expanded our promotional offerings to cover more household necessities and agriculture products based on user demand. Our users' increasing recognition of Pinduoduo's value proposition contributed to the user base growth and user activities on our platform." "For the quarter ended June 30, 2020, our total revenues increased by 67% year-over-year to RMB12.19B, driven primarily by growth in our online marketing services revenues. We observed healthy recovery in advertising demand from our merchants during the quarter," commented Tony Ma, Vice President of Finance. "In addition to merchants deferring their marketing spend to the June quarter, we would attribute such increase to better returns as a result of higher user engagement on our platform and more compelling advertising product offerings."

06:06 EDT Baozun reports number of brand partners increased to 250 as of June 30 - Up from 212 as of June 30, 2019. Number of GMV brand partners increased to 241 as of June 30, up from 202 as of June 30, 2019.

06:02 EDT Pinduoduo reports Q2 average monthly active users 568.8M, up 55% y/y - Active buyers in the twelve-month period ended June 30 were 683.2M, an increase of 41% from 483.2M in the twelve-month period ended June 30, 2019.

05:56 EDT Yum China opens new Taco Bell store in Beijing - Yum China announced the opening of a new Taco Bell store in Beijing, its first store in the capital city. The new store, located in Beijing's Liangmaqiao district, will open its doors to the public on August 21. Taco Bell currently has 11 stores across mainland China and Yum China will continue to explore opportunities to further grow the brand.

05:34 EDT Uber enters home prescription delivery business with NimbleRx partnership - Uber announced on Thursday that Uber Health has expanded its services to include access to pharmaceutical delivery in Seattle and Dallas, with plans to grow in the coming months. The company said: "With COVID-19 cases still on the rise across the US, getting to a pharmacy to pick up prescriptions can be challenging for many and nearly impossible for some. Leveraging Uber Direct, we've integrated with on-demand prescription delivery platform NimbleRx to help deliver medication to those who need it." "Now more than ever, it is critical that people get their medications safely and efficiently, and over the last several months we have seen a significant increase in demand for prescription delivery from both consumers and retail pharmacies," said Talha Sattar, Founder and CEO of Nimble. "Through this partnership with Uber Health, we are able to dramatically increase the availability of on-demand delivery of an essential product like prescriptions, which is leading to a further increase in demand in all markets we are already active in." Uber Health launched in March 2018 to broaden Uber for Business's suite of enterprise solutions and support its vision to meet the transportation needs of businesses across industries. Reference Link