Stockwinners Market Radar for January 19, 2025 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

20:08 EST BetMGM secures online casino rights partnership with Fremantle - BetMGM announced a new and exclusive online casino rights partnership with Fremantle. The multi-year agreement secures the intellectual property rights for game shows "The Price is Right" and "Family Feud" for slots, table games and non-traditional casino games. The partnership establishes the foundation for BetMGM to create customized online casino content around both game show brands. BetMGM is a partnership between MGM Resorts and Entain.

19:22 EST Telefonica's Board of Directors appoints Marc Murtra as Executive Chairman - Telefonica's Board of Directors under the chairmanship of Jose Maria Alvarez-Pallete, has adopted, following a favorable report from the Nominating, Compensation and Corporate Governance Committee, the following resolutions: 1) To agree on the orderly renewal of the Company's chairmanship, in order to adapt it to its new shareholding structure. 2) To approve the termination of the contract signed with Jose Maria Alvarez-Pallete as Executive Chairman of Telefonica's Board of Directors, and to request him, in accordance with the provisions of Article 12.2.a of the Regulations of the Board of Directors, the resignation from his position as Director. Alvarez-Pallete, in response to said request, tendered his resignation as a Director, which was accepted by the Board of Directors. 3) In order to guarantee an adequate replacement in the executive chairmanship of the Company, to approve the appointment by cooptation of Marc Thomas Murtra Millar, as Executive Director of the Company, also appointing him as Executive Chairman of the Board of Directors and delegating to him all the powers that may be delegated by the Board of Directors, to be exercised jointly and severally.

17:46 EST Meta's Instagram head announces new app called "Edits" - Adam Mosseri, the head of Instagram, wrote in a post on the platform: "Today we're announcing a new app called "Edits" for those of you who are passionate about making videos on your phone. There's a lot going on right now, but no matter what happens, it's our job to provide the best possible tools for creators. Edits is more than a video editing app; it's a full suite of creative tools. There will be a dedicated tab for inspiration, another for keeping track of early ideas, a much higher-quality camera, all the editing tools you'd expect, the ability to share drafts with friends and other creators, and - if you decide to share your videos on Instagram - powerful insights into how those videos perform. You can preorder the app today in the iOS App Store, and it's coming to Android soon. The app won't be available to download until next month, and in the meantime, we're going to work with a handful of video creators to get their feedback and improve the experience." Reference Link

13:15 EST General Motors, UAW sued by EEOC for age discrimination - General Motors and the international union of United Auto Workers, UAW, violated federal law when they negotiated a collective bargaining agreement which limited short-term disability payments to older workers who receive Social Security Retirement benefits, the U.S. Equal Employment Opportunity Commission, EEOC, charged in a lawsuit filed Friday. According to the lawsuit, since at least 2019, the agreement between the parties provided that GM will pay weekly benefits to employees who miss work due to sickness or injury. But GM paid less to employees who were entitled, by their age, to full retirement benefits through the Social Security program, leaving workers aged 66 and older with fewer benefits than younger coworkers.

12:50 EST BYD India launches BYD Sealion 7 eSUV - BYD India, a subsidiary of BYD, introduced its BYD SEALION 7 Pure Performance eSUV at the Bharat Mobility Global Expo 2025. The fully electric SUV has also commenced bookings for customers with several benefits valid till February 17, 2025 under the Promotional Booking Offer. Moreover, BYD India also showcased the BYD SEALION 6, BYD Super Plug-in Hybrid EV with DM-i technology and the stunning Yangwang U8.

12:33 EST Canoo announces Chapter 7 bankruptcy filing - Canoo announced Friday that it has filed a voluntary petition for relief under Chapter 7 of the U.S. Bankruptcy Code. The filing, made with the U.S. Bankruptcy Court for Delaware, will result in the federal appointment of a Bankruptcy Trustee to oversee the liquidation of the Company's assets and the distribution of proceeds to creditors. As a result of this filing, Canoo regrets to inform all stakeholders that it will cease operations effective immediately. A court appointed trustee will manage the liquidation of the company's assets and team will collaborate closely with the Delaware Bankruptcy Trustee to assist with the process.

12:09 EST Lufthansa finalizes 41% stake in ITA Airways - The Italian airline ITA Airways is a new member of the Lufthansa Group. The Italian Ministry of Economy and Finance, MEF, and Lufthansa concluded the transaction yesterday. As a result, the Lufthansa Group has a 41 percent stake in the Italian airline ITA Airways. The remaining 59 percent will initially continue to be held by MEF. The European Commission had recently approved the participation by approving the remedies on 29 November 2024. Other competition authorities outside the EU have since also approved the participation. The first step of the investment was implemented today by means of a capital increase of 325 million euros.

11:49 EST Trump wants 50% U.S. stake in TikTok, to extend law taking effect - President-elect Donald Trump said via Truth Social: "I'm asking companies not to let TikTok stay dark! I will issue an executive order on Monday to extend the period of time before the law's prohibitions take effect, so that we can make a deal to protect our national security. The order will also confirm that there will be no liability for any company that helped keep TikTok from going dark before my order. Americans deserve to see our exciting Inauguration on Monday, as well as other events and conversations. I would like the United States to have a 50% ownership position in a joint venture. By doing this, we save TikTok, keep it in good hands and allow it to say up. Without U.S. approval, there is no Tik Tok. With our approval, it is worth hundreds of billions of dollars - maybe trillions. Therefore, my initial thought is a joint venture between the current owners and/or new owners whereby the U.S. gets a 50% ownership in a joint venture set up between the U.S. and whichever purchase we so choose." Companies in the social media space that compete with TikTok include Meta (META), Alphabet's YouTube (GOOGL), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).

11:26 EST CenterPoint Energy mobilizes to respond to upcoming winter storm - CenterPoint Energy continues to execute the company's cold weather readiness plan and is actively monitoring the evolving forecasts, the company announced on Saturday. CenterPoint has secured an additional 1,200 mutual aid workers who will arrive Monday. The company is also standing up three staging sites and pre-positioning crews to support potential restoration efforts. "Our CenterPoint teams have already executed numerous cold weather preparations from our winter readiness plan and we will continue to diligently monitor the weather and our systems as we stand up these staging sites and begin onboarding the approximately 1,200 mutual assistance workers who've answered the call to support potential restoration efforts," Darin Carroll, Senior Vice President of CenterPoint's Electric Business.

11:21 EST Nexstar, Altice USA reach partnership agreement - Nexstar Media (NXST) and Altice USA (ATUS) announced that they have reached a comprehensive partnership agreement and all Nexstar programming has been restored to Altice USA's Optimum TV customers. "Together, Nexstar and Optimum thank our customers and viewers for their patience as we partnered on the best deal for them," the company said. Specific terms of the agreement were not released.