Stockwinners Market Radar for October 11, 2020 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
HBM | Hot Stocks20:04 EDT Hudbay Minerals reports production interruption at 777 mine - Hudbay Minerals has reported that production at its 777 Mine in Flin Flon, Manitoba, has been temporarily suspended due to an incident that occurred on October 9th during routine maintenance of the hoist rope and skip, which is the bucket used to hoist ore from underground. The hoist rope detached from the skip, causing the skip to fall to the bottom of the shaft. There were no injuries and all underground personnel were safely evacuated from the mine using the secondary ramp access. An inspection of the damage to the shaft is underway and it is expected to take several weeks to fully assess the damage and the remedial work needed. In the meantime, the company has notified its insurers and has implemented its business continuity plans to mitigate potential impacts to production from the Manitoba business unit. This includes reassigning equipment and personnel to the Lalor mine in Snow Lake and continuing to operate the zinc plant by processing available zinc concentrate inventory and optimizing the production of zinc concentrate from the Snow Lake operations.
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AAPL... | Hot Stocks19:38 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. A federal judge ruled that Apple (AAPL) did not need to reinstate the popular video game Fortnite in its App Store, in a blow to Fortnite's parent company, Epic Games, which is locked in an antitrust battle with the tech giant over its app store fees and rules, The New York Times' Erin Griffith reported. Judge Yvonne Gonzalez Rogers of the Northern District of California said in her ruling that Apple's ban of the game could continue because Epic had violated its contract with Apple. There is "significant public interest" in requiring companies to adhere to contracts or resolve disputes through the normal course, she wrote. 2. The National Football League said in a statement that, "The Denver Broncos at New England Patriots game scheduled for Monday, October 12 at 5:00 p.m. ET has been postponed." The game is being moved to next Sunday after the Patriots had one new positive test for the coronavirus Sunday morning, sources told ESPN's Adam Schefter. Meanwhile, and due to coronavirus outbreaks with the Tennessee Titans and New England Patriots, the National Football League also made schedule changes for eight teams. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN). 3. Pfizer (PFE) has filed a lawsuit against the federal government in U.S. District Court for the Southern District of New York, seeking a judgment in favor of proposed patient-assistance programs that would allow the company to help cover its tafamidis copays for many Medicaid beneficiaries, Eleanor Laise wrote in this week's edition of Barron's. Such programs, which can be sponsored directly by drug companies or independent charities funded largely by the pharmaceutical industry, often cover much or all of patients' out-of-pocket drug costs, leaving third-party payers such as insurers and Medicare to pick up most of the tab. Patient-assistance programs covering out-of-pocket costs remove a powerful market force-patients' price sensitivity-that would otherwise push down drug prices, and drugmakers can use them to boost sales of pricey medications, researchers say. 4. IBM's (IBM) CEO Arvind Krishna is betting on the well-practiced gambit of a corporate divorce to revive the former corporate icon, but tech history shows the outcome can be disappointing, The Wall Street Journal's Asa Fitch reported. The plan to spin off the unit that manages clients' information-technology infrastructure and had around $19B in annual sales would likely represent one of the biggest corporate separations in recent years, according to Dealogic data. But like many others, it comes with execution challenges, the author noted. Through the split and a big bet on cloud computing, Krishna is trying to inject growth after a lost decade during which the 109-year-old company fell behind rivals, the publication added. 5. LabCorp (LH), AllianceBernstein (AB) and Equitable Holdings (EQH) saw positive mentions in this week's edition of Barron's.
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BYD... | Hot Stocks16:20 EDT NFL adjusts schedules for 8 teams due Titans, Patriots outbreaks - Due to coronavirus outbreaks with the Tennessee Titans and New England Patriots, the National Football League made schedule changes for eight teams. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).
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SPX SPY | Hot Stocks15:23 EDT Twitter flags Trump tweet claiming immunity from COVID-19 - Twitter flagged a tweet from President Trump on Sunday in which he claimed that he is now "immune" to the coronavirus. "A total and complete sign off from White House Doctors yesterday. That means I can't get it (immune), and can't give it. Very nice to know!!!," the tweet reads. Twitter's warning says the tweet "violated the Twitter rules about spreading misleading and potentially harmful information related to COVID-19." Reference Link
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BMY | Hot Stocks15:12 EDT Bristol-Myers presents late-breaking data from Phase 3 True North trial - Bristol-Myers Squibb has announced detailed results from True North, a pivotal, placebo-controlled Phase 3 trial evaluating oral Zeposia, or ozanimod, as an induction and maintenance therapy in adult patients with moderate to severe ulcerative colitis. True North met both primary endpoints, demonstrating highly statistically significant and clinically meaningful results for clinical remission compared to placebo at induction at Week 10 and in maintenance at Week 52. The study also met key secondary endpoints, including clinical response, endoscopic improvement and mucosal healing in induction at Week 10 and in maintenance at Week 52. Significantly more patients treated with Zeposia compared to placebo achieved clinical response at Week 10 and at Week 52 with consistent results across sub-analyses. The overall safety observed was consistent with the known safety profile for Zeposia and patients with moderate to severe UC. All key secondary efficacy endpoints showed statistically significant improvements for patients treated with Zeposia compared to placebo at Week 10 and Week 52.
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DKNG... | Hot Stocks13:38 EDT NFL postpones Denver Broncos - New England Patriots game - The National Football League said in a statement: "The Denver Broncos at New England Patriots game scheduled for Monday, October 12 at 5:00 p.m. ET has been postponed. Details on a new game date and time will be announced shortly. Both teams will now have a Week 5 bye. This decision was made to ensure the health and safety of players, coaches and game day personnel and in consultation with medical experts." The game is being moved to next Sunday after the Patriots had one new positive test for the coronavirus Sunday morning, sources told ESPN's Adam Schefter. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).
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