Stockwinners Market Radar for July 30, 2017 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TSLA... | Hot Stocks20:03 EDT On The Fly: Top five weekend stock stories - Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Tesla's (TSLA) CEO Elon Musk handed the keys to his first ever mainstream car, the Model 3, to 30 people at the company's factory in Fremont, California, on Friday night, according to several media reports. "Frankly, we're going to be in production hell," he told a crowd of Tesla employees, "for at least 6 months, maybe longer." 2. Apple (AAPL) has removed software made by foreign companies to help users skirt China's system of internet filters from its app store on the mainland, according to The New York Times. 3. Sprint (S) has proposed a merger with Charter (CHTR) that would create a media and communications giant, according to The Wall Street Journal. The complex proposal calls for the creation of a new publicly traded entity that would be controlled by Japan's SoftBank (SFTBF), the publication added. 4. Declining just 44%, Warner's (TWX) "Dunkirk" earned $28.1M in its second outing to win the weekend. The World War II film passed the $100M mark domestically and finished Sunday with $102.8M in total ticket sales. 5. While Citi's (C) shares finished the week up 2%, there could still be more upside as Citi offers the combination of a low valuation and what could be the highest earnings growth rate among its peers in the years to come, Andrew Bary wrote in this week's edition of Barron's. The bank is targeting $9 a share in 2020 earnings, and suggested its stock could hit $100, 48% above the current level, Bary pointed out. Honeywell (HON), Facebook (FB), Advance Auto Parts (AAP), Mondelez (MDLZ), Intuit (INTU), Microsoft (MSFT), Royal Caribbean Cruises (RCL), Yum! Brands (YUM) and Accenture (ACN) also saw positive mentions in Barron's, while Twitter (TWTR) and Ryanair (RYAAY) were mentioned cautiously.
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SSW | Hot Stocks19:20 EDT Seaspan CEO Gerry Wing to retire - Seaspan has announced that Gerry Wang, its CEO, co-chairman and co-founder, will retire effective December 31, 2017 to focus on family business investments and his ongoing charitable efforts. In order to facilitate the transition, Wang will continue in his current role as CEO until the earlier of when a permanent CEO is identified or December 31, 2017, and will continue to serve on Seaspan's Board until the end of the year. Seaspan has commenced a search process to identify a new CEO. The Board of Directors has appointed David Sokol, a member of the Board of Directors and Executive Committee of Seaspan, as Chairman of the Board. Seaspan has promoted Peter Curtis to Executive Vice President and COO. The Board of Directors has also formed The Office of the Chairman, under the Direction of Sokol. In this role, he will oversee the CEO succession and overall leadership transition. The Office of the Chairman will consist of: Wang, Curtis, Mark Chu, Chief Development Officer and General Counsel, David Spivak, Chief Financial Officer, and Gabrielle Smith, Director of Human Resources.
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MDT CAH | Hot Stocks19:16 EDT Medtronic completes sale of patient recovery business to Cardinal Health - Medtronic (MDT) announced that it has completed the previously announced sale of its Patient Care, Deep Vein Thrombosis, and Nutritional Insufficiency businesses within the Patient Monitoring and Recovery division of its Minimally Invasive Therapies Group to Cardinal Health (CAH) for $6.1B in cash. The company expects modest dilution on a net basis to its fiscal year 2018 non-GAAP earnings per share of approximately 18c, given the transaction closed at the beginning of Medtronic's second fiscal quarter. Medtronic intends to provide historical comparable financials, incorporate the divestiture into its fiscal year 2018 financial guidance, and discuss the financial impact of the divestiture when it reports its first fiscal quarter financial results.
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CAH MDT | Hot Stocks19:14 EDT Cardinal Health completes acquisition of Medtronic patient recovery business - Cardinal Health (CAH) announced that it has completed the acquisition of Medtronic's (MDT) Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency business for $6.1B. The acquisition was funded with a combination of $4.5B in new senior unsecured notes, existing cash and borrowings under existing credit arrangements. "This business provides our customers with more product offerings and includes some well-established brands that fit naturally within our portfolio and are complementary to our current medical products business. We know these products and many of the employees well, and have seen that our team members share a common commitment to quality, customer service and the patients who we all ultimately serve," said George Barrett, chairman and CEO of Cardinal Health. "We are extremely excited about welcoming our new colleagues from around the world to Cardinal Health." The company also previously announced that it expects the acquisition to be accretive to non-GAAP diluted earnings per share from continuing operations by more than 21c per share in fiscal 2018, net of incremental annual financing-related interest expense, and includes up to $100 million of inventory step-up costs during the first few quarters following closing. As previously disclosed, the company still expects the acquisition to be accretive to non-GAAP diluted earnings per share by more than 55c per share in fiscal 2019, and increasingly accretive thereafter. By the end of fiscal 2020, the company assumes synergies will exceed $150M.
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TWX... | Hot Stocks17:52 EDT Box Office Battle: 'Dunkirk' fences off rivals this weekend - Declining just 44%, Warner's (TWX) "Dunkirk" earned $28.1M in its second outing to win the weekend. The World War II film passed the $100M mark domestically and finished Sunday with $102.8M in total ticket sales. Overseas, "Dunkirk" marched to $45.6M from 62 markets for a foreign tally of $131.3M. Alongside strong reviews, Christopher Nolan's "Dunkirk" earned an A- CinemaScore from audiences, while holding a critics rating of 93% on Rotten Tomatoes. BOX OFFICE RUNNERS-UP: Sony's (SNE) family animated movie "The Emoji Movie" overcame withering reviews and finished the weekend in second place with $25.7M. Behind it was Comcast's (CMCSA) "Girls Trip," falling just 36% in its second outing to $20.1M for a domestic total of $65.5M. "Atomic Blonde" followed at number 4, taking in $18.6M for Universal specialty label Focus Features and Sierra/Affinity. Rounding out the top five, Sony's second reboot of the Marvel superhero series "Spider-Man: Homecoming" hit $278M domestically for a global total of $633.8M in its fourth weekend. Other publicly traded companies in filmmaking include Lionsgate (LGF.A), Walt Disney (DIS), 21st Century Fox's (FOX) and Viacom's (VIAB; VIA).
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RTN | Hot Stocks16:13 EDT Raytheon names Kurt Amend as new chief executive of Arabia business unit - Raytheon has announced Kurt Amend will serve as chief executive of the Raytheon Arabia business unit. In his new role, Amend will drive business strategy and execution of defense-related projects and technology development in the Kingdom of Saudi Arabia. Additionally, Raytheon has named Faisal al Bakr, director, Raytheon International, as an officer of Raytheon Arabia. The company noted that other officer appointments will be announced at a later date.
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GT | Hot Stocks16:10 EDT Goodyear Tire, United Steelworkers reach tentative labor agreement - Goodyear Tire and the United Steelworkers have reached tentative agreement on a new five-year master labor contract covering nearly 7,000 workers at five plants in the U.S. The tentative agreement is subject to a ratification vote by United Steelworkers members at the five plants covered by the contract, namely Akron, Ohio; Danville, Virginia; Fayetteville, North Carolina; Gadsden, Alabama; and Topeka, Kansas. It is expected that the local unions will schedule ratification votes within the next few weeks.
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