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Stockwinners Market Radar for April 25, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
| AZN... | Hot Stocks20:09 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. President Joe Biden said via Twitter that, "Just as India Sent assistance to the United States as our hospitals were strained early in the pandemic, we are determined to help India in its time of need." The President also retweeted a message by White House National Security Advisor Jake Sullivan, saying in part that "The United States stands in solidarity with the people of India and we are deploying more supplies and resources... the United States has identified supplies of therapeutics, rapid diagnostic test kits, ventilators, and Personal Protective Equipment that will immediately be made available in India. The U.S. Development Finance Corporation is funding a substantial expansion of manufacturing capability for BioE, the vaccine manufacturer in India." U.S. Representative Ro Khanna, Democratic vice-chair of the Congressional India Caucus, welcomed the announcement but urged Biden to go further and give India the United States' unused COVID-19 vaccines doses from AstraZeneca (AZN), according to a report by Reuters. 2. Super Group - the holding company for Betway, an online sports betting brand, and Spin, a multi-brand online casino offering - announced it has entered into a definitive agreement with Sports Entertainment Acquisition Corp. (SEAH), a publicly traded special purpose acquisition company, to bring its global online sports betting and gaming group to the U.S. public markets. 3. Netflix (NFLX) shares have been stuck in a rut for almost nine months but they won't stay there forever, Eric Savitz wrote in this week's edition of Barron's. The subscription streaming video revolution has arrived, but the market is far from saturated, and while Netflix's short-term subscription gains have been reduced by a "pull forward" effect last year, as well as a thinner content slate for the first half of 2021, the company's most popular series return in the second half, along with some blockbuster films, the publication noted. 4. AT&T (T) subsidiary Warner Bros.' "Mortal Kombat" won the North American box office this weekend with $22.5M from 3,073 locations. The movie based on the martial arts video game debuted simultaneously on HBO Max. Overseas, "Mortal Kombat" earned another $6.3M for a foreign cume of $27.6M and a global total of $50.1M. 5. Hershey (HSY), Mondelez (MDLZ), Conagra Brands (CAG), J.M. Smucker (SJM), Hostess Brands (TWNK), Kraft Heinz (KHC), General Mills (GIS), Kellogg (K), Campbell Soup (CPB), Perrigo (PRGO), Moderna (MRNA), and XPO Logistics (XPO) saw positive mentions in this week's edition of Barron's.
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| TGTX | Hot Stocks19:59 EDT Samsung Biologics, TG Therapeutics expand large scale manufacturing deal - Samsung Biologics and TG Therapeutics announced an expansion of a large-scale contract manufacturing deal for the supply of TG Therapeutics' ublituximab, an investigational anti-CD20 monoclonal antibody. TG Therapeutics has completed a rolling submission of a Biologics License Application to the U.S. Food and Drug Administration requesting approval of ublituximab, in combination with UKONIQ, TG Therapeutics' oral once-daily inhibitor of PI3K-delta and CK1-epsilon, as a treatment for patients with CLL, based primarily on the positive results from the UNITY-CLL Phase 3 trial. Ublituximab was also the subject of two successful Phase 3 trials in patients with relapsing forms of multiple sclerosis and a BLA is currently being prepared for this indication.
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| AZN | Hot Stocks17:28 EDT U.S. to provide COVID vaccine components, medical supplies to help India - President Joe Biden said via Twitter that, "Just as India Sent assistance to the United States as our hospitals were strained early in the pandemic, we are determined to help India in its time of need." The President also retweeted a message by White House National Security Advisor Jake Sullivan, saying in part that "The United States stands in solidarity with the people of India and we are deploying more supplies and resources... the United States has identified supplies of therapeutics, rapid diagnostic test kits, ventilators, and Personal Protective Equipment that will immediately be made available in India. The U.S. Development Finance Corporation is funding a substantial expansion of manufacturing capability for BioE, the vaccine manufacturer in India." U.S. Representative Ro Khanna, Democratic vice-chair of the Congressional India Caucus, welcomed the announcement but urged Biden to go further and give India the United States' unused COVID-19 vaccines doses from AstraZeneca, according to a report by Reuters. Reference Link
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| SEAH | Hot Stocks16:28 EDT Super Group to combine with Sports Entertainment Acquisition SPAC - SGHC Limited has entered into a definitive agreement with Sports Entertainment Acquisition Corp., a publicly traded special purpose acquisition company, to bring its leading global online sports betting and gaming group to the U.S. public markets. The combined company intends to apply to list its shares on the New York Stock Exchange under the new ticker symbol "SGHC". Upon closing of the transaction, the combined company will operate under the name Super Group. SEAH has agreed to combine with Super Group based on a $4.75B pre-money equity valuation. Assuming no redemptions by SEAH's shareholders: the transaction will deliver approximately $450M of cash to the combined company; Super Group's existing shareholders will hold approximately 88% of the shares in the combined company on closing; and the group will have approximately $200 million in cash on its balance sheet on closing. Shareholders comprising more than 70% of Super Group's equity will not be selling any shares and will roll their entire equity positions into the public company. The boards of directors of Super Group and SEAH have unanimously approved this transaction. The transaction requires the approval of shareholders of SEAH, is subject to other customary closing conditions and is expected to close in the second half of 2021.
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| CP... | Hot Stocks16:13 EDT Canadian Pacific comments on procedural update form Kansas City Southern - Canadian Pacific Railway Limited (CP) said in a statement regarding Kansas City Southern's (KSU) decision to evaluate Canadian National's (CNI) unsolicited proposal that, "The board of KCS is simply meeting its obligations under the merger agreement with CP and fulfilling its fiduciary duty to its shareholders by assessing the CN offer. Not only is this the correct process and one that is clearly required by the merger agreement, in fact we are encouraged that they will be taking a hard look at the details of the CN offer as soon as possible, which we believe will lead them to question the true value and deal certainty of their proposal."
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| KSU... | Hot Stocks16:10 EDT Kansas City Board sees Canadian National proposal leading to 'superior proposal' - Kansas City Southern (KSU) announced that its Board of Directors has unanimously determined, after consultation with the company's outside legal and financial advisors, that the unsolicited proposal received from Canadian National Railway (CNI) on April 20, 2021 to acquire KCS in a cash and stock transaction valued by CN at $325 per KCS share could reasonably be expected to lead to a "Company Superior Proposal" as defined in KCS's merger agreement with Canadian Pacific Railway (CP). KCS intends to provide CN with nonpublic information and to engage in discussions and negotiations with CN with respect to CN's proposal, subject in each case to the requirements of the CP merger agreement. KCS remains bound by the terms of the CP merger agreement, and KCS's Board has not determined that CN's proposal in fact constitutes a Company Superior Proposal as defined in the merger agreement with CP. In addition, KCS notes that there can be no assurance that the discussions with CN will result in a transaction. As previously announced on March 21, 2021, KCS entered into a merger agreement with CP, pursuant to which CP agreed to acquire KCS in a stock and cash transaction valued at $275 per KCS share based on the CP and KCS closing prices on March 19, 2021.
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| SGHC SEAH | Hot Stocks14:47 EDT Gaming company Super Group to combine with Sports Entertainment Acquisition - Super Group - the holding company for Betway, an online sports betting brand, and Spin, a multi-brand online casino offering - announced it has entered into a definitive agreement with Sports Entertainment Acquisition Corp. (SEAH), a publicly traded special purpose acquisition company, to bring its global online sports betting and gaming group to the U.S. public markets. The combined company intends to apply to list its shares on the New York Stock Exchange under the new ticker symbol "SGHC". Upon closing of the transaction, the combined company will operate under the name Super Group. "Super Group is ideally placed to capitalize on the forecast growth in the global online betting and gaming market, which is expected to exceed $100 billion by 2025, according to H2 Capital. Targeting the fast-growing U.S. market, Super Group has entered into an agreement to acquire Digital Gaming Corporation, subject to obtaining customary regulatory approvals. DGC has the exclusive right to use the Betway brand in the U.S. and has secured market access for online sports betting and gaming in up to an initial 10 U.S. states including Pennsylvania, New Jersey, Colorado, Indiana and Iowa. DGC's first bet in the U.S. was taken in March 2021. Super Group's U.S. growth plans will be complemented by Eric Grubman and John Collins who bring with them a wealth of experience and relationships within the broader U.S. sports and entertainment ecosystem. In addition, the group will continue the roll out of its offerings on a global basis including the launch in multiple new licensed territories in 2021," the company stated. SEAH has agreed to combine with Super Group based on a $4.75B pre-money equity valuation. Assuming no redemptions by SEAH's shareholders: the transaction will deliver approximately $450M of cash, currently held in trust, to the combined company; Super Group's existing shareholders will hold approximately 88% of the shares in the combined company on closing; and the group will have approximately $200M in cash on its balance sheet on closing. Shareholders comprising more than 70% of Super Group's equity will not be selling any shares and will roll their entire equity positions into the public company. The boards of directors of Super Group and SEAH have unanimously approved this transaction. The transaction requires the approval of shareholders of SEAH, is subject to other customary closing conditions and is expected to close in the second half of 2021.
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