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Stockwinners Market Radar for November 28, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
| MRNA... | Hot Stocks20:08 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) Chief Medical Officer Paul Burton said he suspects the new omicron coronavirus variant may elude current vaccines, and if so, a reformulated shot could be available early in the new year, Bloomberg's Joe Easton reported. "We should know about the ability of the current vaccine to provide protection in the next couple of weeks," Burton said Sunday on the BBC's "Andrew Marr Show." "If we have to make a brand new vaccine, I think that's going to be early 2022 before that's really going to be available in large quantities," he said. "The remarkable thing about the mRNA vaccines, the Moderna platform, is that we can move very fast," he added. Meanwhile, a senior Amazon.com (AMZN) executive said it remains too early to predict how the Omicron coronavirus variant will impact consumer spending during the holiday season but suggested that shoppers will press ahead for now, Reuters' Mike Spector reports. Clark said he was "incredibly optimistic" about the ability of scientists and pharmaceutical companies that have developed effective vaccines to respond to the new variant while shoppers take stock of developments. 2. Activist investor Ancora Holdings is pushing Berry Global (BERY) to explore a sale, The Wall Street Journal's Cara Lombardo reported. Ancora, which owns about 1% of Berry Global, is urging it to explore strategic alternatives including a possible sale and make other changes, according to a copy of a letter the activist sent to the company's board Sunday that was viewed by The Wall Street Journal. 3. Buying growth stocks when profits are just a rumor can feel like tempting fate. But some companies reward investors' faith, Al Root wrote in this week's edition of Barron's. That looks to be the case with a trio of electric-vehicle makers, namely China's NIO (NIO), XPeng (XPEV), and Li Auto (LI), the author contended. The Chinese EV players will grow sales, on a combined basis, roughly 160% in 2021, leaving them trading at some 6.5 times next year's estimated sales, the publication added. 4. Disney's (DIS) original musical adventure "Encanto" won the Thanksgiving weekend domestic box office, with a Wednesday-Sunday opening of $40.3M. This was the best start of the pandemic era for an animated title, and that includes the $27M for the three-day weekend. Overseas, the movie earned $29.3M for a global total of $69.6M. 5. IBM (IBM) and Gentherm (THRM) saw positive mentions in this week's edition of Barron's.
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| ENB | Hot Stocks17:14 EST Enbridge responds to CER decision to deny Mainline contracting - Enbridge responded to the Canada Energy Regulator's, or CER, November 26, 2021 decision to deny the implementation of contracting for firm service on the Enbridge Canadian Mainline system. Enbridge says it has completed its review of the decision and identified next steps that include re-engaging all stakeholders, including shippers and non-shippers on the Mainline system. "In reaching its decision, the CER determined that providing firm service on the Canadian Mainline is not contrary to the CER Act. The CER also found that elements of the application provided strong justification for some proportion of firm service on the Canadian Mainline. However, the CER denied the application on the basis that, among other things, contracting as proposed would result in a significant change to access the Canadian Mainline and potentially inequitable outcomes to some shippers and non-shippers without a compelling justification. The CER confirmed Enbridge's existing process for downstream verification and that interim tolls would stay in effect. Based on its review of the CER decision, Enbridge will initiate, in consultation with its stakeholders, a process to negotiate toward a go-forward Mainline commercial framework... In parallel with negotiations of a potential negotiated settlement, Enbridge will prepare a COS application for the Canadian Mainline, which will be filed with the CER if Enbridge, after consultation with stakeholders, concludes that an agreement to continue with incentive rate making is not achievable. Enbridge expects the preceding steps to begin in the coming weeks, although the negotiating process may take through 2022. We expect the subsequent CER review and decision process to conclude in 2023. From a financial perspective, Mainline throughput is expected to be strong over the next several years and the Company's outlook is positive. Based on our review of the CER decision and other factors, the Company anticipates that the range of financial outcomes associated with an alternative commercial model will be manageable and is not expected to materially impact Enbridge's financial results. Enbridge will provide its 2022 guidance, longer term outlook and strategic priorities at Enbridge Day on December 7th, 2021, in Toronto," the company said.
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| SHOP | Hot Stocks15:48 EST Shopify says merchants break records with $2.9B in sales on Black Friday - Shopify announced a record-setting Black Friday with sales of nearly $2.9 billion from the start of Black Friday in New Zealand through the end of Black Friday in California. This represents a 21% increase over Black Friday in 2020 when sales by Shopify merchants surged 75% over 2019 driven by COVID-19 lockdowns, and is more than double their sales on Black Friday 2019, the company said. Collectively, merchants on Shopify generated peak sales of nearly $3.1 million per minute at 12:02 PM EST on Black Friday, and merchants crossed $1 billion in sales by 4:00am EST, four hours earlier than Black Friday in 2020.
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