Stockwinners Market Radar for September 18, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
POAHY... | Hot Stocks20:04 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. A group of President Biden-appointed bank regulators are considering new rules to require large regional banks to add to financial cushions that could be called on in times of crisis, The Wall Street Journal's Andrew Ackerman reports. At issue are concerns among the Biden administration and its top regulators that the steady growth of the nation's largest regional banks, a group that includes companies such as U.S. Bancorp (USB), Truist (TFC) and PNC Financial (PNC), has introduced new risks to the financial system, the author notes. While these banks may lack the vast trading floors and international operations of megabanks like JPMorgan (JPM) and Bank of America (BAC), the big regionals' balance sheets are so large that it could be difficult to wind down such a firm in an orderly manner should one fail, top regulators have warned in recent years. 2. Volkswagen (VWAGY) is looking to raise as much as 9.4B EUR from the initial public offering of its iconic sports-car brand Porsche (POAHY) in what could be Europe's largest listing in more than a decade, Bloomberg's Monica Raymunt and Swetha Gopinath report. The German carmaker set a price range of 76.50 EUR to 82.50 EUR for the sale of as many as 113,875,000 preferred shares, including an over-allotment option, VW said late Sunday. This target equates to a valuation of 70B-75B EUR for the maker of the 911 sports car, below an earlier top-end goal of as much as 85B EUR as the listing is set to go ahead at a time of deep uncertainty in global markets, the authors note. 3. A bounceback for Netflix (NFLX) and Disney (DIS) shares seems to rest on the coming launch of ad-supported tiers for the two streaming leaders, Jack Hough writes in this week's edition of Barron's. For Netflix, the goal is to reverse subscriber losses with cheaper plans. For Disney+, it's to offset a recent acceleration in cable cord-cutting. Much could go wrong in the near term for these companies and their rivals, the author notes. Yet, if the television industry is successful, it could not only rekindle growth, but also pull back power that has been lost to the closed-off advertising economies of Google (GOOGL) and Facebook (FB). 4. Sony's (SONY) TriStar division and eOne's "The Woman King" won the weekend at the North American box office with a domestically debut of $19M. The historical epic starring Viola Davis earned an A+ CinemaScore from audiences. The movie is based on a story by Maria Bello and Stevens about the Agoije, an all-female army in the West African Kingdom of Dahomey on the 18th and 19th centuries. 5. Amerco (UHAL), Constellation Brands (STZ), IBM (IBM), CVS Health (CVS), Philip Morris (PM), O'Reilly Automotive (ORLY), Conagra Brands (CAG), Dollar Tree (DLTR), Humana (HUM), UnitedHealth Group (UNH), FMC (FMC), Raytheon Technologies (RTX), NRG Energy (NRG), Edison International (EIX) and Newmont (NEM) saw positive mentions in this week's edition of Barron's.
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ABT | Hot Stocks16:03 EDT Abbott presents data on minimally invasive structural heart technologies - Abbott announced data from five late-breaking presentations showing the benefits of its minimally invasive devices in treating people with a range of structural heart diseases. Data include findings that reinforce the value of MitraClip, the world's first and leading transcatheter edge-to-edge repair device, to treat leaky valves in people with mitral regurgitation. The new data around Abbott's structural heart therapies were presented at the 34th Transcatheter Cardiovascular Therapeutics annual scientific symposium of the Cardiovascular Research Foundation in Boston. Results were also presented on TriClip, the first therapy designed specifically for tricuspid heart valve repair; the Amplatzer Amulet Left Atrial Appendage Occluder, a minimally invasive option offering the most complete closure of the left atrial appendage to reduce risk of stroke; and Portico, a self-expanding transcatheter aortic valve implantation system. Structural heart diseases such as valve disease or openings in the heart that require closure can impair how the heart moves blood through the body. New minimally invasive technology has changed how physicians approach patient care and limits the need for more complex or risky surgery. Data presented from the prospective, multi-center, global real-world EXPAND G4 study support the safety and effectiveness of the MitraClip G4 system for treating MR. The study represents the largest report of 30-day core lab-assessed outcomes, which included more than 1,000 patients. The data confirm that MitraClip offers high success rates in terms of MR reduction, improvements in quality of life and low adverse event rates. Key findings through 30 days include: Significant MR reduction to mild or less is achieved in 91% of patients, with lowest reported adverse event rates to date; Clinical improvements including 83% of patients achieving New York Heart Association Functional Class I/II, an improvement of 52% from baseline of 31%; and an 18-point improvement in the Kansas City Cardiomyopathy Questionnaire score, a 35% improvement from baseline score; Multiple clip sizes enable tailoring the therapy to patients' mitral valve anatomy and expand the spectrum of TEER-suitable patients. TRILUMINATE Pivotal is the first randomized, controlled clinical trial evaluating the safety and effectiveness of TEER with TriClip in 700 patients with severe TR in the U.S., Canada and Europe. The data from the roll-in cohort through 30 days show: High implant success rate; At least a one-grade TR reduction in 91% of patients, with moderate or less residual TR achieved in 74%; Patients achieving around a 17-point improvement in the KCCQ score, a 30% improvement from baseline score, which demonstrates a substantial improvement in their quality of life; The Amplatzer Amulet LAA Occluder with dual-seal technology is the first and only minimally invasive treatment option to offer immediate and complete dual-sealing closure of the LAA, reducing the risk of stroke and eliminating the need for blood-thinning medication. The prospective, international, multi-center Amulet IDE trial is the largest randomized LAA occlusion study to date consisting of more than 1,800 patients, and three-year outcomes demonstrate the safety and effectiveness of Amulet, with data showing: Device-related factors more frequently preceded strokes in patients with Boston Scientific's Watchman than those with Amulet; Both cardiovascular and all-cause death trended higher in the Watchman device than the Amulet device PREDICT-LAA Trial. Data were also presented from the PREDICT-LAA prospective, multi-center, randomized controlled trial that studied if the use of cardiac computed tomography-based computational models help in the planning of Amplatzer Amulet procedures. Key findings at three months include: Improved procedural efficiency and safety outcomes with the Amplatzer Amulet LAA Occluder were achieved when planned with HEARTguide. The CONFIDENCE Registry is an international, prospective, real-world study evaluating the safety and effectiveness of the Portico TAVI valve using the first-generation Portico delivery system in 501 patients and the second-generation FlexNav delivery system in 500 patients.
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BSX | Hot Stocks15:57 EDT Boston Scientific announces results from PROTECTED TAVR clinical trial - Boston Scientific has announced results from the PROTECTED TAVR clinical trial evaluating the SENTINEL Cerebral Protection System, which is designed to capture and remove embolic debris stemming from transcatheter aortic valve replacement before it can reach the brain and potentially cause a stroke. Outcomes were presented during a late-breaking clinical science session at the 34th Transcatheter Cardiovascular Therapeutics, the annual scientific symposium of the Cardiovascular Research Foundation, in Boston, and will be published in the New England Journal of Medicine. This randomized trial evaluated periprocedural stroke reduction and neurologic outcomes in patients with aortic stenosis treated with either the SENTINEL device to provide cerebral embolic protection during TAVR or TAVR alone. The primary endpoint was not met, as the data demonstrated a non-significant trend towards a lower rate of stroke in patients treated with the SENTINEL device, representing a 21% relative risk reduction in all stroke through 72 hours or time of hospital discharge . Importantly, a secondary analysis demonstrated a statistically significant 60% relative risk reduction in disabling stroke through 72 hours or time of hospital discharge in patients treated with the SENTINEL device. While outcomes with TAVR for the treatment of aortic stenosis have been shown to be comparable to surgery, stroke remains an important and feared complication of the procedure. Representing the largest randomized TAVR trial to date, the study enrolled 3,000 patients spanning more than 50 global sites and all surgical risk levels, with all patients receiving a neurological exam before and after the procedure. Subgroup analyses demonstrated that the reduction in disabling stroke with the SENTINEL device was consistent across patient subgroups, including age, gender, operative risk, valve type and history of cardiovascular disease. Previous clinical trials involving more than 3,500 patients have demonstrated that the SENTINEL device is safe and effective, including capture and removal of cerebral embolic debris in 99% of TAVR cases. To date, more than 75,000 patients worldwide have been protected with this technology.
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BLUE | Hot Stocks15:53 EDT Bluebird receives FDA accelerated approval for SKYSONA for early, active CALD - Bluebird Bio announced the U.S. Food and Drug Administration has granted Accelerated Approval of SKYSONA, also known as eli-cel, to slow the progression of neurologic dysfunction in boys 4-17 years of age with early, active cerebral adrenoleukodystrophy. The company also confirmed that the previous clinical hold on the eli-cel clinical development program has been lifted. CALD is a rare, progressive, neurodegenerative disease that primarily affects young boys and causes irreversible, devastating neurologic decline, including major functional disabilities such as loss of communication, cortical blindness, requirement for tube feeding, total incontinence, wheelchair dependence, or complete loss of voluntary movement. Nearly half of patients who do not receive treatment die within five years of symptom onset. Prior to the approval of SKYSONA treatment, effective options were limited to allogeneic hematopoietic stem cell transplant, which is associated with the risk of serious potential complications including death, that can increase dramatically in patients without a human leukocyte antigen matched donor. As a condition of the SKYSONA Accelerated Approval, bluebird has agreed to provide confirmatory long-term clinical data to the FDA. bluebird anticipates that this will include data from the ongoing long-term follow-up study, which follows patients treated in clinical trials for 15 years, and from commercially treated patients. Bluebird anticipates that commercial product will be available by the end of 2022 through a limited number of Qualified Treatment Centers in the United States, including Boston Children's Hospital and Children's Hospital of Philadelphia. Bluebird has set the wholesale acquisition cost of SKYSONA in the U.S. at $3.0M. The SKYSONA Biologics License Application was reviewed by the U.S. FDA under Priority Review, and bluebird received a rare pediatric priority review voucher upon approval. SKYSONA was previously granted Orphan Drug designation, Rare Pediatric Disease designation, and Breakthrough Therapy designation.
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