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

MRNA...

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19:53 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. Moderna (MRNA) announced that the Food and Drug Administration's has authorized the emergency use of mRNA-1273, Moderna's vaccine against COVID-19 in individuals 18 years of age or older. The Moderna COVID-19 Vaccine is now authorized for distribution and use under an Emergency Use Authorization. Delivery to the U.S. Government will begin immediately, the company said. The company also said on Sunday that the U.S. Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices voted to recommend the use of the its COVID-19 vaccine in people 18 years of age and older under the Emergency Use Authorization issued by the U.S. Food and Drug Administration. The committee is comprised of independent health experts. 11 ACIP members voted in favor of the vaccine and 0 members voted against. ACIP recommendation follows the December 1, 2020 ACIP recommendation for a Phase 1a rollout in which the first priority for COVID-19 vaccines is given to healthcare personnel treating patients and residents in long-term care facilities. Meanwhile, FedEx Express, a subsidiary of FedEx (FDX), announced that operations are in motion to transport Moderna's COVID-19 vaccines for McKesson Corp. (MCK) throughout the U.S. Following the Food and Drug Administration's approval of Emergency Use Authorization for the Moderna COVID-19 vaccine, FedEx Express will begin transport of the vaccine and kits of supplies for administration of the vaccine, using its FedEx Priority Overnight service supported by FedEx Priority Alert advanced monitoring. 2. After weeks of intense negotiations, congressional leaders have finally reached a deal on a $900B coronavirus relief package that will include a second round of direct payments, Senate Majority Leader Mitch McConnell announced Sunday night, Axios' Alayna Treene and Oriana Gonzalez reported. It includes $300 per week in enhanced unemployment insurance for 11 weeks, $325B for small businesses, $600 stimulus checks and $90B for FEMA. 3. While Comcast (CMCSA; CMCSK) is trading near an all-time high, the stock has badly trailed rivals, up 28% in the past three years versus gains of 50% to 100% for key rivals, Daren Fonda wrote in this week's edition of Barron's. Yet Comcast's stock could be a rock that starts to roll, as investors come to realize that Comcast's diverse portfolio-including broadband, film studios, streaming, and theme parks-is well suited to a post-COVID-19 world, the author noted. 4. Lockheed Martin (LMT) announced it has entered into a definitive agreement to acquire Aerojet Rocketdyne (AJRD) for $56 per share in cash, which is expected to be reduced to $51 per share after the payment of a pre-closing special dividend. This represents a post-dividend equity value of $4.6B and a total transaction value of $4.4B including the assumption of net cash. As part of approving the transaction, Aerojet Rocketdyne announced a special cash dividend, revocable at its option through the payment date, of $5 per share to its holders of record of common stock and convertible senior notes as of the close of business on March 10, 2021, and payable on March 24, 2021. The transaction is expected to close in the second half of 2021 and is subject to the satisfaction of customary closing conditions, including regulatory approvals and approval by Aerojet Rocketdyne's stockholders. 5. Alphabet (GOOGL), Apple (AAPL), Berkshire Hathaway (BRK.A), Coca-Cola (KO), Eaton (ETN), Goldman Sachs (GS), Graham Holdings (GHC), Madison Square Entertainment (MSGE), Merck (MRK), and Newmont (NEM) saw positive mentions in this week's edition of Barron's.
LMT AJRD

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19:50 EST Aerojet Rocketdyne to be acquired by Lockheed Martin in $5B all-cash transaction - Aerojet Rocketdyne (AJRD) announced that it has entered into a definitive agreement to be acquired by Lockheed Martin (LMT) in an all-cash transaction with a total equity value of $5B. Under the terms of the agreement, which has been unanimously approved by each company's Board of Directors, Lockheed Martin will acquire Aerojet Rocketdyne for $56 per share in cash, representing a premium of approximately 33% to Aerojet Rocketdyne's closing stock price on December 18, 2020, and a premium of approximately 42% to the company's volume weighted average stock price for the last 90 trading days. As part of the transaction, Aerojet Rocketdyne declared a $5 per share pre-closing special dividend to holders of its common shares and convertible senior notes, on an as-converted basis. The special dividend will be paid on March 24, 2021, to holders of record as of March 10, 2021. The payment of this special dividend, unless revoked, will adjust the consideration to be paid by Lockheed Martin to $51 per share at closing. The transaction is expected to close in the second half of 2021 and is subject to the satisfaction of customary closing conditions, including regulatory approvals and approval by Aerojet Rocketdyne's stockholders.
AJRD LMT

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19:48 EST Lockheed Martin to acquire Aerojet Rocketdyne - Lockheed Martin (LMT) announced it has entered into a definitive agreement to acquire Aerojet Rocketdyne (AJRD) for $56 per share in cash, which is expected to be reduced to $51 per share after the payment of a pre-closing special dividend. This represents a post-dividend equity value of $4.6B and a total transaction value of $4.4B including the assumption of net cash. As part of approving the transaction, Aerojet Rocketdyne announced a special cash dividend, revocable at its option through the payment date, of $5 per share to its holders of record of common stock and convertible senior notes as of the close of business on March 10, 2021, and payable on March 24, 2021. The transaction is expected to close in the second half of 2021 and is subject to the satisfaction of customary closing conditions, including regulatory approvals and approval by Aerojet Rocketdyne's stockholders.
BITCOIN TSLA

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16:22 EST Tesla's Musk inquires about moving 'large transactions' to Bitcoin - Elon Musk inquired about converting "large transactions" of Tesla's balance sheet into Bitcoin in a Twitter exchange with Michael Saylor, CEO of Microstrategy. Reference Link
SFTBY

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16:12 EST SoftBank expected to file for SPAC on Monday, Axios reports - SoftBank on Monday will file to raise between $500M-$600M via an IPO of its first SPAC, Axios' Dan Primack reports, citing multiple sources. The investment giant is said to be prepping at least two additional SPACs, which are blank check vehicles that raise money to buy a company and take it public via a reverse merger, the author notes. Reference Link
SALT

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15:59 EST Scorpio announces exit from dry bulk sector, classifying fleet as held for sale - Scorpio Bulkers announced that following the recent sales of vessels by the company, its Board of Directors has authorized the company, as part of its transition to a sustainable future, to sell its remaining dry bulk vessels and exit the dry bulk sector during 2021. As a result of this decision, the company expects to record a write-down ranging from $475M-$500M on vessels sold and classified as held for sale. This estimated write-down includes non-cash charges of $425M-$440M to reflect the current fair market value of the fleet and $50M-$60M of estimated cash charges, which include $34M-$36M for the termination of various vessel-related agreements, as well as other selling costs. The company will also write-off approximately $10M of deferred financing costs as outstanding debt is repaid. Pursuant to the Master Agreement previously filed with the SEC governing the commercial and technical management of its vessels, the company has submitted a notice of termination to its managers, effectively ending its relationship with Scorpio Commercial Management s.a.m. and Scorpio Ship Management s.a.m. To reflect its transition, the Board of Directors has also resolved to seek shareholders' approval to change the name of the company. The proposed new name of the company will be announced on or before January 8, 2021.
MRNA

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15:49 EST CDC's ACIP recommends Moderna COVID vaccine for people '18 years and older' - Moderna has announced that the U.S. Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices voted to recommend the use of the Moderna COVID-19 vaccine in people 18 years of age and older under the Emergency Use Authorization issued by the U.S. Food and Drug Administration. The committee is comprised of independent health experts. 11 ACIP members voted in favor of the vaccine and 0 members voted against. ACIP recommendation follows the December 1, 2020 ACIP recommendation for a Phase 1a rollout in which the first priority for COVID-19 vaccines is given to healthcare personnel treating patients and residents in long-term care facilities.
BNTX...

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15:41 EST FedEx to ship first wave of Moderna COVID-19 vaccines across the U.S. - FedEx Express, a subsidiary of FedEx (FDX), announced that operations are in motion to transport Moderna's (MRNA) COVID-19 vaccines for McKesson Corp. (MCK) throughout the United States. Following the Food and Drug Administration's approval of Emergency Use Authorization for the Moderna COVID-19 vaccine, FedEx Express will begin transport of the vaccine and kits of supplies for administration of the vaccine, using its FedEx Priority Overnight service supported by FedEx Priority Alert advanced monitoring. After months of preparation and close planning with McKesson, Operation Warp Speed and state and local officials, the COVID-19 vaccines will begin moving to dosing centers throughout the United States. The FedEx network began actively delivering Pfizer (PFE)-BioNTech (BNTX) vaccine shipments across the U.S. last week. The company is set to begin vaccine shipments throughout Canada as early as next week and is also preparing to begin delivering vaccines to other countries.