Stockwinners Market Radar for August 08, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
SAFM... | Hot Stocks20:11 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. Sanderson Farms (SAFM) is nearing a deal to sell itself for around $4.5 billion, The Wall Street Journal's Cara Lombardo and Jacob Bunge report, citing people familiar with the matter. Sanderson is in advanced talks with Cargill Inc. and agricultural-investment firm Continental Grain Co., which owns a smaller chicken processor, the people said. The deal could be finalized by Monday, they added. 2. Norwegian Cruise Line (NCLH) reported that Judge Williams ruled in its favor granting a preliminary injunction which paves the way for the company's three brands to require documentation confirming a guest's vaccination status prior to boarding. This order will now allow the company to operate with 100% vaccination of all guests and crew when sailing from Florida ports. The company's first sailing from Florida is scheduled on August 15, 2021 on Norwegian Gem departing from Miami. 3. The Delta variant and the surge of new infections is scrambling the return to the office plans, with Apple (AAPL), BlackRock (BLK), Wells Fargo (WFC), Alphabet's (GOOGL) Google, Facebook (FB), Amazon (AMZN) postponing their plans, and Walmart (WMT) requiring all corporate employees to be vaccinated, Daren Fonda wrote in this week's edition of Barron's. Nonetheless, Barron's says it found eight stocks that look attractive across three sectors with some of the biggest exposure to the back-to-work theme, namely real estate, consumer spending, and technology. Those stocks are Hudson Pacific Properties (HPP), Boston Properties (BXP), Ross Stores (ROST), WW International (WW), Starbucks (SBUX), Ruth's Hospitality Group (RUTH), Microsoft (MSFT) and Cisco (CSCO). 4. AT&T (T) subsidiary Warner Bros. "The Suicide Squad" won this weekend's domestic box office with a less-than-expected opening of $26.5M amid challenges posed by the Delta variant and a hybrid theatrical-home launch. Overseas, the movie earned about $35M from 71 markets for a foreign cume of $45.7M and a global tally of $72.2M. 5. Royal Dutch Shell (RDS.A, RDS.B), Jacobs Engineering Group (J), Tetra Tech (TTEK), Parsons (PSN), Montrose Environmental Group (MEG), Atlas Technical Consultants (ATCX), Carrier Global (CARR), Lennox International (LII), Trane Technologies (TT), Johnson Controls (JCI), Spectrum Brands (SPB), and Nokia (NOK) saw positive mentions in this week's edition of Barron's.
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EPZM | Hot Stocks20:09 EDT Epizyme, HUTCHMED announce collaboration to develop TAZVERIK in Greater China - Epizyme and HUTCHMED announced a collaboration to research, develop, manufacture and commercialize TAZVERIK in Greater China, including mainland China, Hong Kong, Macau and Taiwan. TAZVERIK is a methyltransferase inhibitor of EZH2 developed by Epizyme that is approved by the U.S. Food and Drug Administration for the treatment of certain patients with epithelioid sarcoma and certain patients with follicular lymphoma. It was approved under FDA accelerated approval based on overall response rate and duration of response in January and June 2020 for ES and FL, respectively. Under the terms of the agreement, HUTCHMED will be responsible for the development and commercialization of TAZVERIK in greater China. Epizyme will receive a $25M upfront payment and is eligible to receive up to an additional $110M in development and regulatory milestone payments, across up to eight potential indications, and up to an additional $175M in sales milestone payments. Epizyme is also eligible to receive tiered royalties of mid -teen to low-twenties-percent based on annual net sales of TAZVERIK in Greater China. In addition, HUTCHMED receives a four-year warrant to acquire up to $65M of Epizyme shares at $11.50 per share. The upfront payment will be funded by HUTCHMED from existing cash resources, and potential milestone payments and royalties are expected to be funded from future cash resources including cash from the sales of TAZVERIK. HUTCHMED plans to develop and seek approval for TAZVERIK in various hematological and solid tumors, including ES, FL and diffuse large b-cell lymphoma in its Territory. HUTCHMED will also participate in Epizyme's global registrational study of TAZVERIK in combination with R in second line FL, the EZH-302 study, and lead the study in Greater China. The parties also intend to conduct additional global studies jointly. HUTCHMED will generally be responsible for funding all clinical trials of TAZVERIK in its Territory including the portion of global trials conducted therein. Upon any approvals HUTCHMED will be responsible for commercialization in its designated Territory. HUTCHMED will also hold rights to research and manufacture TAZVERIK in the Territory.
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NCLH | Hot Stocks20:05 EDT Norwegian Cruise Line granted preliminary injunction to sail from Florida - Norwegian Cruise Line reported that today Judge Williams ruled in its favor granting a preliminary injunction which paves the way for the company's three brands to require documentation confirming a guest's vaccination status prior to boarding. This order will now allow the company to operate with 100% vaccination of all guests and crew when sailing from Florida ports. The company's first sailing from Florida is scheduled on August 15, 2021 on Norwegian Gem departing from Miami.
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EFX | Hot Stocks16:46 EDT Equifax announces definitive agreement to acquire Health e(fx) - Equifax announced that it has signed a definitive agreement to acquire Health e(fx), a provider of Affordable Care Act services. Health e(fx) will become part of the Workforce Solutions business unit at Equifax.
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IBEX | Hot Stocks16:16 EDT Ibex provides notice of data security incident - Ibex has issued an announcement concerning an earlier event, disclosed by the company on October 23, 2020 in its Annual Report, which may have potentially impacted the security of information relating to certain employees and their families. While Ibex is unaware of any attempted or actual misuse of personal information in relation to the event, Ibex provided potentially affected individuals with notice, information about the event and steps individuals can take to help protect their information. On August 17, 2020, Ibex learned that it was the victim of a malware attack that impacted the availability of a limited segment of our systems. "We immediately took these systems offline and, with the assistance of third-party computer specialists, launched an investigation to determine the nature and scope of the incident. On or about September 15, 2020, the investigation confirmed that certain files on our systems may have been accessed without authorization between July 27 and August 17, 2020. We therefore undertook a meticulous and time-intensive review of the potentially impacted files and our internal systems in order to identify the information that was involved and to whom it related. In connection with this review, on or about September 29, 2020, a third-party firm was engaged to review the potentially impacted files. ibex, upon receiving and validating the findings of the third-party firm, on or about June 14, 2021, determined that one or more of the potentially impacted folders included information related to individuals. In conjunction and collaboration with the third-party review team, ibex continued to diligently review and reconcile the information with internal and public records in furtherance of identifying the individuals to whom the data relates and the appropriate contact information for those individuals. These efforts were completed on or around July 11, 2021, at which time ibex determined the scope of impacted individuals and the types of protected data associated with those individuals. We thereafter worked to provide notification to potentially impacted individuals as quickly as possible. Importantly, there is no indication that any person's specific information was accessed or misused. However, ibex is notifying potentially impacted individuals out of an abundance of caution."
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