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Stockwinners Market Radar for March 06, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
| CHWY... | Hot Stocks20:11 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. Visa (V) is suspending its Russia operations. "Effective immediately, Visa will work with its clients and partners within Russia to cease all Visa transactions over the coming days. Once complete, all transactions initiated with Visa cards issued in Russia will no longer work outside the country and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation," the company stated. MasterCard (MA) MasterCard also announced that, "For more than a week, the world has watched the shocking and devastating events resulting from the Russian invasion of Ukraine. [...] we have decided to suspend our network services in Russia. This decision flows from our recent action to block multiple financial institutions from the Mastercard payment network, as required by regulators globally. With this action, cards issued by Russian banks will no longer be supported by the Mastercard network. And, any Mastercard issued outside of the country will not work at Russian merchants or ATMs. " According to Bloomberg's Susanne Barton and Jackie Davalos, American Express (AXP) is also suspending its operations in Russia and Belarus, becoming the latest credit card giant to respond with measures denouncing Russian President Vladimir Putin's decision to invade Ukraine. Globally issued American Express cards will no longer work at merchants or ATMs in Russia, while cards issued locally by Russian banks will no longer work outside of the country on the American Express global network, the company said in a statement Sunday. 2. Ryan Cohen, the billionaire co-founder of online pet-products retailer Chewy (CHWY) has a big stake in Bed Bath & Beyond (BBBY) and is pushing the housewares retailer to streamline its strategy and explore strategic alternatives, The Wall Street Journal's Cara Lombardo reported. Cohen, who also serves as chairman of videogame retailer GameStop (GME), owns a 9.8% stake in Bed Bath & Beyond through his investment company, RC Ventures LLC, according to a copy of a letter sent to its board Sunday that was viewed by The Wall Street Journal. That makes him a top-five shareholder in the New Jersey-based chain, which has a market value of roughly $1.6 billion. 3. As Tech stocks have been put in a tough spot and are under pressure to sustain pandemic-era boosts, with many of them struggling to meet the challenge, including Zoom Video (ZM), Peloton (PTON), Shopify (SHOP) and Chegg (CHGG), Eric J. Savitz wrote in this week's edition of Barron's. But cloud computing is here to stay and is even gaining strength, the author noted. This past week of earnings news brought a fresh wave of data points from enterprise tech companies, the publication added. HP Enterprise (HPE) posted 2% revenue growth for the quarter, while Pure Storage (PSTG) crushed expectations for the January quarter and Broadcom (AVGO) said its April-quarter results would accelerate from 16% growth in the January quarter. The trend is more obvious on the software side, Savitz writes, with Salesforce (CRM) expanding its cloud-based offerings from its core customer relationship-management software into a host of new areas. The same pattern is playing out at Workday and Box (BOX). Finally, there's Snowflake (SNOW), the fastest-growing of the major cloud stocks, the author contended. 4. AT&T (T) subsidiary Warner Bros.' "The Batman" won this weekend's box office with a huge $128.5M debut, the second-best opening of the pandemic era behind "Spider-Man: No Way Home." Overseas, the movie starring Robert Pattinson opened to $120M from 75 markets for a worldwide cume of $248.5M. AMC Entertainment (AMC), the world's largest exhibitor, is using the film as a chance to experiment with variable pricing and charge from $1 to $1.50 more for a ticket. But higher prices at some cinemas didn't seem to keep consumers away. 5. Foot Locker (FL), EQT (EQT), Chesapeake Energy (CHK), Coterra Energy (CTRA), Antero Resources (AR), Range Resources (RRC), Southwestern Energy (SWN), Tourmaline Oil (TRMLF) and Wizz Air (WZZAF) saw positive mentions in this week's edition of Barron's.
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| ZY | Hot Stocks19:06 EST Zymergen announces early results from work on infectious disease - Zymergen has announced early results from its work on infectious disease, discovering hundreds of potential novel hits against malaria, tuberculosis, and COVID-19 targets. Hits for PfAPP, a critical target in the treatment of malaria, are now being advanced for validation, with hits for an emerging COVID-19 target, PLpro, expected to follow. The multi-target infectious disease program is supported through a grant from the Bill & Melinda Gates Foundation, enabling Zymergen to identify novel hits for all three target pathogens. The early progress has been enabled by Zymergen's differentiated cheminformatics capabilities and ability to search their proprietary virtual compound database of Natural Products. The targets were selected for their high therapeutic potential, but historic lack of progress using standard drug discovery approaches. For PfAPP, Zymergen has already identified greater than 200 molecules with better docking scores than the current best-in-class molecule, apstatin. Docking scores are well-accepted in the industry for virtual screening campaigns and the best hits are now being moved into validation testing with a set of global partners. Zymergen will oversee all validation with funding provided as part of the Gates Foundation grant. Zymergen recently announced its drug discovery business at the 40th annual JP Morgan Healthcare conference, with a goal of unlocking previously inaccessible chemical diversity to develop next generation therapeutics. Natural Products have a history of success as therapeutics and Zymergen's unique platform that combines synthetic biology, cheminformatics and metagenomics has the potential to transform how these molecules are discovered and developed.
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| MCO | Hot Stocks14:51 EST Moody's to suspend commercial operations in Russia - Moody's announced that it will suspend commercial operations in Russia. Moody's will continue to support its employees in Russia. The suspension covers both Moody's Investors Service and Moody's Analytics operations. Moody's Investors Service will maintain analytical coverage for existing ratings from outside Russia.
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| MA | Hot Stocks13:43 EST MasterCard suspends network services in Russia - On Saturday, March 5, MasterCard announced: "For more than a week, the world has watched the shocking and devastating events resulting from the Russian invasion of Ukraine. Our colleagues, our customers and our partners have been affected in ways that most of us could not imagine. We have previously shared the steps we have taken in response to these events, with the well-being and safety of our employees being our first and foremost priority. And as we have navigated and complied with our regulatory commitments, we have been in constant dialogue with our customers, partners and governments. We've received perspectives from our employees, in addition to people across the industry, consumers and our shareholders. We have also considered what would be most important to support the continued availability of services, if possible, to impacted people in the region. It's with all of this in mind - and noting the unprecedented nature of the current conflict and the uncertain economic environment - we have decided to suspend our network services in Russia. This decision flows from our recent action to block multiple financial institutions from the Mastercard payment network, as required by regulators globally. With this action, cards issued by Russian banks will no longer be supported by the Mastercard network. And, any Mastercard issued outside of the country will not work at Russian merchants or ATMs. We don't take this decision lightly. Mastercard has operated in Russia for more than 25 years. We have nearly 200 colleagues there who make this company so critical to many stakeholders. As we take these steps, we will continue to focus on their safety and well-being, including continuing to provide pay and benefits. When it is appropriate, and if it is permissible under the law, we will use their passion and creativity to work to restore operations. In the meantime, our teams across the region and around the world will continue to enable and advance our global business, supporting our customers in other geographies where we currently do business. As they do, we will remain vigilant to ensure the safety and security of the global payments ecosystem and our network. Our Cyber & Intelligence teams will continue to work with governments and partners around the world to ensure that stability, integrity and resiliency of our systems continue to guide our operations and response to potential cyber-attacks. These have been and will continue to be very difficult days - most of all for our employees and their families in Ukraine; for our colleagues with relatives and friends in the region; for our colleagues in Russia; and for the rest of us who are watching from afar. As we take this step, we join with so many others in hoping for and committing to a more positive, productive and peaceful future for us all."
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| V | Hot Stocks13:42 EST Visa suspends all Russia operations - On Saturday, March 5, Visa announced it is suspending its Russia operations. "Effective immediately, Visa will work with its clients and partners within Russia to cease all Visa transactions over the coming days. Once complete, all transactions initiated with Visa cards issued in Russia will no longer work outside the country and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation," the company stated. "We are compelled to act following Russia's unprovoked invasion of Ukraine, and the unacceptable events that we have witnessed. We regret the impact this will have on our valued colleagues, and on the clients, partners, merchants and cardholders we serve in Russia. This war and the ongoing threat to peace and stability demand we respond in line with our values," added Al Kelly, chairman and CEO of Visa.
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