Stockwinners Market Radar for February 26, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TGNA | Hot Stocks21:15 EST Tegna sinks after FCC sends proposed takeover to administrative law judge - The Federal Communications Commission on Friday announced that its Media Bureau has designated certain questions related to the pending applications involving Standard General, Tegna, and Cox Media Group to its administrative law judge. "The pending applications involve a series of transactions that would result in Standard General's acquisition of 64 full-power TV stations and two full-power radio stations currently owned and operated by Tegna," the agency said in a statement. It added, "The Hearing Designation Order focuses specifically on material concerns in the record related to how the proposed transaction could artificially raise prices for consumers and result in job losses." Shares of Tegna dropped 25% to $16.30 in after-hours trading on Friday.
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AMZN... | Hot Stocks20:01 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. Amazon (AMZN) is expanding ultrafast delivery options, a sign that it remains committed to pushing its logistics system for speed as it scales back plans in other areas, The Wall Street Journal's Sebastian Herrera reports. The expansions are happening at a crucial point for Amazon, which faces competition for fast-delivery options while Chief Executive Officer Andy Jassy puts a renewed focus on profits, the author notes. 2. Microsoft (MSFT) has unveiled previews of two AI-powered services designed to manage telecom networks, drawing on the same capabilities used to manage the tech giant's Azure cloud platform, Reuters' Supantha Mukherjee and Martin Coulter report. Operators can benefit from advanced artificial intelligence that helps to unlock new business opportunities from data on and insights into their operations -- including the rollout of high-speed 5G networks -- the company said. Telecom partners such as AT&T (T), Ericsson (ERIC), and Nokia (NOK) will be able to benefit from Microsoft's new Nexus service, an all-in-one platform allowing operators to manage their networks from the cloud, and two different "AIOps" services. 3. A boom in clean-energy manufacturing is fast getting under way across the U.S., but despite the dollars flooding in, it remains difficult to invest profitably in clean-energy companies, Avi Salzman writes in this week's edition of Barron's. To find stocks that can rise despite those pressures, it's worth considering names that have found true niches or have a head start in specific areas. These include Corning (GLW), Enphase Energy (ENPH), Neste (NTOIY), Schneider Electric (SBGSY), and Freyr Battery (FREY), the author adds. 4. Disney's (DIS) "Ant-Man and the Wasp: Quantomania" stayed atop the domestic box office with an estimated $32.2M but fell 69.7% in North America. This was the worst decline ever for a Marvel Cinematic Universe title following "Black Window" with 67.8%, which opened during the pandemic and was made available simultaneously in the home. "Ant-Man 3" also suffered the worst second-weekend drop of any superhero movie that had opened to $100M or more. Overseas, the pic grossed another $46.4M for a global cume of $363.6M. 5. FirstEnergy (FE) and British American Tobbaco (BTI) saw positive mentions in this week's edition of Barron's.
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UNP | Hot Stocks17:12 EST Union Pacific CEO steps down, successor to be named in 2023 - Union Pacific has provided an update on the status and timing of the Board of Director's active leadership succession planning process. The company noted that, "Since assuming the CEO role in February 2015, Lance Fritz has overseen a period of growth, innovation and value creation, and transformed the Company's operating plan to improve asset efficiency. Under his leadership, since 2017, the Company has achieved a 52% increase in net income, a 27% increase in operating income and a 3.7 point increase in return on invested capital... Following discussions between the Board and Mr. Fritz regarding the path for identifying Union Pacific's next CEO, in March 2022 the Board engaged a leading outside consultant and subsequently formed a task force of directors composed of each of the Board committee chairs in November 2022. The Board is seeking a CEO with a strong track record of success and expertise across safety, operational excellence, enhancing and driving customer service, innovation, employee culture and sustainability. The Board is focusing the process on highly-qualified candidates both within the industry and adjacent industries to identify a CEO capable of leading the Company for a long-term tenure. The Board expects to name a successor who will assume the position in 2023." As part of the Board's succession planning process, it has considered shareholder input and will continue to do so. The Board has been actively engaging with Soroban Capital Partners since 2017. In recent conversations, Soroban indicated it intended to move discussions to a public level.
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BPMC | Hot Stocks16:43 EST Blueprint Medicines presents registrational data from PIONEER trial AYVAKIT - Blueprint Medicines announced detailed results from the PIONEER trial of AYVAKIT in patients with indolent systemic mastocytosis. As previously reported, AYVAKIT achieved statistically significant and clinically meaningful improvements on the primary and all key secondary endpoints. New results further highlight the benefits of AYVAKIT on pathological mast cell burden, disease symptoms - including total symptom score, most severe symptom and all individual symptoms - and quality of life. Across clinical measures, improvements continued to deepen over time in patients treated with AYVAKIT through 48 weeks. AYVAKIT was well-tolerated with a safety profile favorable to placebo, and 96 percent of patients in the AYVAKIT arm opted to continue treatment in the open-label extension study. Based on these data, Blueprint Medicines submitted a supplemental new drug application for AYVAKIT to the U.S. Food and Drug Administration and a type II variation marketing authorization application for AYVAKYT to the European Medicines Agency for the treatment of patients with indolent SM. The FDA has granted priority review to the sNDA for AYVAKIT with a Prescription Drug User Fee Act action date of May 22, 2023, and the EMA has validated the MAA for AYVAKYT.
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CLDX | Hot Stocks16:41 EST Celldex presents data from barzolvolimab Phase 1b study in CSU - Celldex Therapeutics announced updated data from the company's Phase 1b clinical trial of barzolvolimab in patients with moderate to severe chronic spontaneous urticaria, or CSU, refractory to antihistamines. Barzolvolimab is a humanized monoclonal antibody that specifically binds the receptor tyrosine kinase KIT with high specificity and potently inhibits its activity, which is required for the function and survival of the mast cell. CSU is characterized by the occurrence of hives or wheals for 6 weeks or longer without identifiable specific triggers or causes. Treatment options for patients with CSU are limited and there are no approved therapies for patients who do not respond to omalizumab. Meaningful symptom improvement as measured through the urticaria activity score over 7 days was achieved across all dose levels evaluated with sustained activity observed with the 1.5 mg/kg and greater dose levels, consistent with the profound and sustained reduction of tryptase associated in these groups. The data show that multiple doses of barzolvolimab resulted in rapid dose-dependent decreases in itch and hives with durable and prolonged symptom control. Importantly, administering multiple doses of barzolvolimab continues to demonstrate a favorable safety profile. Most adverse events were mild or moderate in severity and resolved while on study. Taken together with strong activity data, these data continue to support the ongoing Phase 2 clinical trials in chronic urticaria and expanded barzolvolimab development into other mast cell related indications.
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