Stockwinners Market Radar for November 14, 2017 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

CTL

Hot Stocks

19:31 EDT CenturyLink declares quarterly dividend of 54c - CenturyLink announced that its board voted to declare a regular quarterly cash dividend of 54c per share, which will be payable on December 11, to shareholders of record on November 27.
AZN

Hot Stocks

19:07 EDT AstraZeneca's FASENRA receives FDA approval - AstraZeneca announced that the US Food and Drug Administration has approved FASENRA for the add-on maintenance treatment of patients with severe asthma aged 12 years and older, and with an eosinophilic phenotype. FASENRA is not approved for the treatment of other eosinophilic conditions or relief of acute bronchospasm or status asthmaticus. Pascal Soriot, Chief Executive Officer of AstraZeneca, said: "We're excited to offer FASENRA as a new precision biologic to help improve the lives of severe asthma patients whose disease is driven by eosinophilic inflammation. This is the first approval from our respiratory biologics portfolio and the latest in a series of significant milestones for our company as we deliver on our pipeline-driven transformation."
WFC

Hot Stocks

18:28 EDT DOJ obtains $5.4M in additional relief from Wells Fargo over SCRA violation - The Justice Department announced that it has obtained an additional $5.4M for servicemembers whose vehicles were unlawfully repossessed by Wells Fargo Bank, N.A. in violation of the Servicemembers Civil Relief Act. The bank, which does business under the name Wells Fargo Dealer Services, has agreed to pay this money to approximately 450 servicemembers under a 2016 settlement that resolved the department's SCRA lawsuit against the company. This additional amount brings the total compensation under the settlement to more than $10.1M and the total number of servicemembers eligible for relief to more than 860. On Sept. 29, 2016, the department filed a complaint in United States v. Wells Fargo Bank N.A., d/b/a Wells Fargo Dealer Services in the Central District of California, alleging that Wells Fargo repossessed 413 vehicles of SCRA-protected servicemembers without court orders between Jan. 1, 2008 and July 1, 2015. On the same day, the department agreed to a settlement that required Wells Fargo to pay $10,000 to each of the affected servicemembers, plus any lost equity in the vehicle with interest. Wells Fargo was also required to pay a $60,000 civil penalty to the United States and repair the credit of all affected servicemembers. At the time of the settlement, the department announced that 413 servicemembers were eligible to receive compensation. Since entering into the settlement with the department in September 2016, Wells Fargo has identified additional violations affecting approximately 450 servicemembers that occurred during the period covered by the settlement. Wells Fargo has begun to provide over $5,400,000 in compensation to these additional servicemembers under the agreement. Together with the compensation previously announced by the department in September 2016, a total of more than 860 servicemembers and their co-borrowers are eligible to receive $10,183,950. Reference Link
MITK

Hot Stocks

18:25 EDT Mitek Systems exec Gray sells 12,211 common shares - In a regulatory filing, Mitek Systems executive Jason Gray disclosed the sale of 12,211 common shares of the company at a price of $9.1303 per share.
TRU

Hot Stocks

18:21 EDT TransUnion acquires FactorTrust for undisclosed amount - TransUnion announced the acquisition of FactorTrust, a provider of alternative credit data, analytics and risk scoring information that empowers lenders to make more informed decisions, and increases financial inclusion to a wider population of consumers. The acquisition reinforces TransUnion's position as a provider of consumer reporting models that capture a wide range of positive payment behaviors. The acquisition closed on November 14, and financial terms were not disclosed.
ALK

Hot Stocks

18:11 EDT Alaska Air to end flights to Havana, Cuba - Alaska Airlines announced that it will end a daily flight between Los Angeles and Havana, Cuba. The last flight is planned for Jan. 22. The airline will redeploy aircraft used to serve Havana to markets with higher demand.
JAGX

Hot Stocks

17:57 EDT Jaguar Health: Year to date sales of Mytesi total approximately $2.8M - Jaguar Health announced that gross sales for Mytesi, the first-in-class, FDA-approved anti-secretory human prescription drug product of Jaguar's wholly-owned subsidiary, Napo Pharmaceuticals, total approximately $2.8M from January 1st, 2017 through October 31, 2017. The average monthly Mytesi sales from August through October of this year increased over 50% relative to average monthly Mytesi sales that took place from January through July of 2017, which is before substantial sales and marketing efforts were initiated in the combined company.
NHL...

Hot Stocks

17:48 EDT Pershing Square exits Nomad Foods position, reduces Restaurant Brands stake - Bill Ackman's Pershing Square Capital Management disclosed in an SEC filing its holdings as of September 30. Pershing Square exited one position during the quarter, Nomad Foods (NHL). Pershing Square increased its stake in one holding, ADP (ADP). Pershing Square reduced its stake in two holdings, including by size of previous position, Restaurant Brands (QSR) and Mondelez (MDLZ). Pershing Square's top holdings as of September 30, in order of size, were Restaurant Brands, ADP, Chipotle Mexican Grill (CMG), Mondelez, and Howard Hughes Corp (HHC).
SCOR

Hot Stocks

17:40 EDT comScore announces CEO Gian Fulgoni to accelerate retirement and succession plan - comScore announced that Gian Fulgoni, its Co-Founder and CEO has decided to accelerate his previously announced retirement, originally scheduled for January 31, 2018, and stepped down as CEO, effective November 13. As previously announced, Dr. Fulgoni has assumed a Chairman Emeritus role and will also provide advisory services to ensure a smooth leadership transition. The advisory services will be provided for a period of one year from November 13. Until a permanent CEO is named, Bill Livek, comScore's Executive Vice Chairman and President, will assume additional management responsibilities, and Board Chair, Sue Riley, has committed to play an active and daily role in the oversight of the Company. A committee formed by the Board to direct the search for a new CEO has retained a leading executive search firm, Spencer Stuart, to assist in conducting the search.
NLST WDC

Hot Stocks

17:38 EDT Netlist prevails in patent trial with SanDisk, Smart Modular - Netlist announced the U.S. Court of Appeals for the Federal Circuit affirmed earlier decisions from the U.S. Patent Trial and Appeal Board confirming the validity of certain claims of Netlist's U.S. Pat. Nos. 8,001,434 (434 Patent) and 8,359,501 (501 Patent). Netlist's '434 and '501 patents cover self-test technologies widely used in LRDIMMs, SSDs, and Storage Class Memory. Netlist has asserted these patents as part of a seven-patent lawsuit against SanDisk and Diablo Technologies. SanDisk and Smart Modular filed a total of six petitions for Inter Partes Review challenging the validity of these two patents, which have now been resolved in Netlist's favor by the Federal Circuit. Netlist has also asserted the '434 and '501 patents in the U.S. International Trade Commission against SK hynix's LRDIMM and RDIMM enterprise memory products. The ITC is expected to issue a final determination in its investigation of SK hynix by March 14, 2018. Any appeals from this final determination will also be heard by the Federal Circuit.
SYY...

Hot Stocks

17:35 EDT Trian boosts stakes in Sysco, P&G, Mondelez - Nelson Peltz's Trian Fund Management disclosed in an SEC filing its holdings as of September 30. Trian increased its stake in three holdings, including by size of previous position, Sysco (SYY), Procter & Gamble (PG), and Mondelez (MDLZ). Trian reduced its stake in one holding, BNY Mellon (BK). Trian's top holdings as of September 30, in order of size, were Procter & Gamble, Sysco, Mondelez, General Electric (GE), and BNY Mellon.
NLST

Hot Stocks

17:30 EDT Netlist announces ITC ruling on its memory patents - Netlist, Inc announced that Administrative Law Judge Bullock of the United States International Trade Commission, issued a Notice of Initial Determination in its investigation of SK hynix RDIMM and LRDIMM enterprise memory products. According to the Notice, ALJ Bullock determined that no violation of section 337 of the Tariff Act has been found with respect to Netlist's patents in Certain Memory Modules and Components Thereof, and Products Containing Same, Investigation No. 337-TA-1023. The Notice includes only a brief summary of the ID's conclusions, so no further details on the substance of the decision are available at this time. The parties and their counsel have not yet received the full ID, which is subject to confidentiality restrictions. Netlist anticipates its counsel will receive this document within the next few days. Netlist will determine at that time whether further comment on the decision is appropriate. A public version of the ID will be available within 30 days. The ID is now subject to review by the Commissioners at the ITC. Netlist intends to petition for review of any findings in the ID it believes are incorrect. The Commission will then decide whether to review portions of, or the entire ID. Once the issues under review have been briefed, the Commission may affirm, set aside, or modify the portions of the ID under review. These conclusions will be contained in a Final Determination which is currently scheduled to be issued by the Commission by March 14, 2018.
SIRI

Hot Stocks

17:29 EDT Barstool Sports to launch new 24/7 channel on SiriusXM - SiriusXM and Barstool Sports, a leading comedy, sports and men's lifestyle brand, are teaming up to launch a new 24/7 channel on SiriusXM, starting in January, 2018. The Barstool Radio on SiriusXM channel will air nationwide on satellite radios and on the SiriusXM app, and will showcase the site's funny, irreverent and unfiltered approach to covering sports, men's lifestyle, popular culture and more.
CARG...

Hot Stocks

17:24 EDT On The Fly: After Hours Movers - UP AFTER EARNINGS: CarGurus (CARG), up 9.8%... Westport (WPRT), up 8.7%... Synacor (SYNC), up 8.7%... Beazer Homes (BZH), up 4.4%. ALSO HIGHER: Lam Research (LRCX), up 2.1% after it announced a $2B share buyback plan and raised its quarterly dividend 11%... HP Enterprise (HPE), up 1.4% Greenlight Capital disclosed that it increased its stake in the company... Synchrony Financial (SYF), up 1.3% after Berkshire Hathaway raised its stake in the company. DOWN AFTER EARNINGS: A-Mark Precious Metals (AMRK), down 12.6%... Macom (MTSI), down 7.7%... NovaBay (NBY), down 5.6%. ALSO LOWER: Achillion (ACHN), down 8.4% after it filed to sell 18.4M shares of common stock for holders... Genpact (G), down 2.8% after it filed to sell 10M shares of common stock for holders.
IMKTA

Hot Stocks

17:24 EDT Gabelli reports 16.88% stake in Ingles Markets Incorporated
SALT

Hot Stocks

17:16 EDT Scorpio Bulkers announces purchase of 350K shares by Scorpio Services - Scorpio Bulkers announced that Scorpio Services Holding Limited has purchased 350,000 common shares of the company at an average price of $7.19 per share in the open market. SSH owns a total of 13,977,513 common shares or approximately 18.5% of the company.
CPN...

Hot Stocks

17:13 EDT Paulson & Co. adds Calpine stake, exits AIG position - John Paulson's Paulson & Co. disclosed in an SEC filing its holdings as of September 30. Paulson's six new buys during the third quarter included, by size of position, Calpine (CPN), EQT Corp (EQT), Sprint (S), Rockwell Collins (COL), and Bob Evans Farms (BOBE). Paulson & Co. exited 55 positions during the quarter, including by size of previous position, AIG (AIG), VWR Corp (VWR), William Lyon (WLH), Facebook (FB), and Arconic (ARNC). Paulson & Co. increased its stake in five holdings, including by size of previous position, Horizon Pharma (HZNP), Monsanto (MON), CR Bard (BCR), and Dish (DISH). Paulson & Co. reduced its stake in 20 holdings, including by size of previous position, Allergan (AGN), Teva (TEVA), Mylan (MYL), NXP Semi (NXPI), and Realogy (RLGY). Paulson's top holdings as of September 30, in order of size, were Shire (SHPG), Mylan, Allergan, and T-Mobile US (TMUS).
BAESY

Hot Stocks

17:08 EDT BAE Systems awarded $139.8M U.S. Navy contract - BAE Systems Norfolk Ship Repair, Norfolk, Virginia, is being awarded a $139,818,901 firm-fixed-price contract for the execution of USS Tortuga fiscal 2018 modernization period Chief of Naval Operations availability. This availability will include a combination of maintenance, modernization, and repair of USS Tortuga. This contract includes options which, if exercised, would bring the cumulative value of this contract to $183,794,039. Work will be performed in Norfolk, Virginia, and is expected to be completed by May 2019.
LRCX

Hot Stocks

17:02 EDT Lam Research announces $2B share repurchase plan, raises dividend 11% - Lam Research announced that its Board of Directors has approved a $2B share repurchase authorization, with execution planned over the next 12 to 18 months; and a 11% increase of the company's quarterly dividend. On an annualized basis, the quarterly dividend of 50c per share of common stock would return approximately $324M to stockholders based on shares outstanding as of September 24, 2017. The increased dividend payment has been declared and will be made on January 10, 2018 to holders of record on December 6, 2017. Future dividend payments are subject to review and approval by the Board. Also, the company is authorized to repurchase up to an additional $2B of common stock; this authorization supplements the remaining balances from any prior authorizations.
LRCX

Hot Stocks

17:00 EDT Lam Research announces $2B share repurchase plan, raises dividend 11%
LXFR

Hot Stocks

17:00 EDT Luxfer to acquire ESM's Specialty Metals business, terms not disclosed - Luxfer Holdings announced that it has entered into an agreement to acquire the Specialty Metals business of ESM Group Inc., including a manufacturing facility in Saxonburg, Pennsylvania USA. ESM Group is a wholly owned subsidiary of SKW Stahl-Metallurgie Holding AG, a publicly traded German company listed on the Frankfurt Stock Exchange. ESM Group and its affiliate Affival Inc. provide desulfurization reagents, cored-wire products and engineering services to steel industries around the world. Luxfer and SKW anticipate closing within a few weeks, subject to any necessary approvals and consents to be secured by the parties.
AAPL

Hot Stocks

16:57 EDT ITC to investigate Apple over claims of patent infringement - The U.S. International Trade Commission has voted to institute an investigation of certain personal computers, mobile devices, digital media players, and microconsoles. The products at issue in the investigation are certain Apple Mac computers, iPhones, iPads, iPods, and Apple TVs. The investigation is based on a complaint filed by Aqua Connect, Inc., and Strategic Technology Partners, LLC, of Orange, CA, on October 10, 2017. The complaint alleges violations of section 337 of the Tariff Act of 1930 in the importation into the United States and sale of certain personal computers, mobile devices, digital media players, and microconsoles that infringe patents asserted by the complainants. The complainants request that the USITC issue a temporary exclusion order and a temporary cease and desist order based on a motion for temporary relief, and that the USITC ultimately issue a limited exclusion order and a cease and desist order. The USITC has identified Apple Inc. of Cupertino, CA, as the respondent in this investigation. Reference Link
VVV

Hot Stocks

16:55 EDT Valvoline raises quarterly dividend to 7.45c from 4.9c - The dividend will be payable on December 15, 2017, to shareholders of record as of the close of business on December 1, 2017.
TVTY

Hot Stocks

16:53 EDT North Tide Capital to sell remaining shares of Tivity Health - Tivity Health announced that North Tide Capital, which currently holds 630,000 shares of Tivity Health, representing 1.6% of the total outstanding common shares of the Company, has entered into a Rule 10b5-1 trading plan pursuant to which the firm intends to sell its remaining shares in Tivity Health by year-end 2017, as part of the wind down of its funds. North Tide's Founder and Portfolio Manager Conan Laughlin, who has served on the Tivity Health Board of Directors since 2014, will continue to serve on the Board through his current term.
BAC...

Hot Stocks

16:52 EDT Berkshire takes new position in Bank of America, lowers stake in IBM - Warren Buffett's Berkshire Hathaway disclosed in an SEC filing its holdings as of September 30. Berkshire Hathaway's one new buy during the third quarter was Bank of America (BAC). Berkshire Hathaway exited one position during the quarter, Wabco (WBC). Berkshire Hathaway increased its stake in three holdings, including by size of previous position, Apple (AAPL), Synchrony Financial (SYF), and Monsanto (MON). Berkshire Hathaway reduced its stake in three holdings, including by size of previous position, IBM (IBM), Wells Fargo (WFC), and Charter Communications (CHTR). Berkshire Hathaway's top holdings as of September 30, in order of size, were Wells Fargo, Kraft Heinz (KHC), Apple, Coca-Cola (KO), and Bank of America.
AMRN

Hot Stocks

16:46 EDT Amarin announces real world Hypertriglyceridemia data analysis - Amarin Corporation announced data analysis orally presented today at the American Heart Association 2017 Scientific Sessions in Anaheim, California. The oral presentation used real world evidence as a basis for the analysis. This analysis of RWE is separate from and independent of the RWE analysis referenced in Amarin's press release on November 12, 2017. The study analyzed data from the Southern California and Northwest regions of Kaiser Permanente, one of America's leading health care providers and not-for-profit health plans. The patients selected had a diagnosis of atherosclerotic cardiovascular disease and had statin-controlled LDL cholesterol. The study concluded that during the study period, despite statin-controlled LDL-C levels, ASCVD events were greater among patients with ASCVD and high vs. normal triglyceride levels.
XELA...

Hot Stocks

16:40 EDT Greenlight Capital adds stake in Exela, reduces stakes in GM, Apple - David Einhorn's Greenlight Capital disclosed in an SEC filing its holdings as of September 30. Greenlight Capital's seven new buys during the third quarter included, by size of position, Exela (XELA), Venator (VNTR), Tech Data (TECD), Children's Place (PLCE), and Gap (GPS). Greenlight Capital exited four positions during the quarter, including by size of previous position, Calpine (CPN), PVH Corp (PVH), Alcoa (AA), and New York REIT (NYRT). Greenlight Capital increased its stake in seven holdings, including by size of previous position, Tempur Sealy (TPX), Micron (MU), Adient (ADNT), Hewlett Packard Enterprise (HPE), and Perrigo (PRGO). Greenlight Capital reduced its stake in ten holdings, including by size of previous position, GM (GM), Apple (AAPL), Amerco (UHAL), Chemours (CC), and Dillard's (DDS). Greenlight Capital's top holdings as of September 30, in order of size, were GM, AerCap (AER), Consol Energy (CNX), Apple, and Mylan (MYL).
AMRK

Hot Stocks

16:39 EDT A-Mark Precious Metals down 8% to $14.00 after Q1 earnings miss estimates
AMRK

Hot Stocks

16:36 EDT A-Mark Precious Metals CEO: 'We believe we are gaining market share' - "Although demand for physical precious metals products remains subdued industrywide, we believe we are gaining market share and continue to look for ways to do more business in this environment," said company CEO Greg Roberts. "To that end, we are judiciously investing in growth areas to further diversify our business and offerings, with the objective of being in a stronger position to capitalize on profitable opportunities when market conditions improve. One recent example of this strategy is our acquisition of Goldline, a leading direct retailer of precious metals to the investor community, which we completed at the end of August. While the costs associated with the acquisition adversely affected our results for the first quarter, we believe the acquisition presents a substantial opportunity for us to leverage Goldline's marketing platform to upsell and cross-sell our suite of services to their 150,000 clients and prospective client leads."
DVN

Hot Stocks

16:33 EDT Devon Energy announces 5,100Boe per day well is online - Devon Energy announced it has brought online a high-rate Lower Meramec oil well offsetting its Coyote development in the over-pressured oil window of the STACK play. The Faith Marie 1-H resides directly adjacent to the company's Coyote development project in Blaine County and achieved a peak 24-hour rate of 5,100Boe per day. The projected 30-day rate for this 9,000-foot lateral well is 4,600 Boe per day. Oil productivity from the Faith Marie is the highest of any STACK well to date targeting the Lower Meramec interval. Well productivity at Faith Marie was enhanced by a new completion design that improved stimulated rock volume through the systematic cycling of pressure and fluid rates. The new completion design also lowered well costs at Faith Marie to $9M. This improvement compared to legacy wells in the area was driven by the use of a higher viscosity slickwater fluid system, increases in frac stage length and other proprietary modifications. In the Q4, the company expects to bring online approximately 25 wells in the STACK play that will benefit from the improved completion design. This new well activity will primarily reside in the over-pressured oil window of the play and is expected to increase net production in the STACK to more than 120,000 Boe per day by year end.
IEP...

Hot Stocks

16:27 EDT Icahn reduces stakes in AIG, Freeport-McMoRan - Carl Icahn's Icahn Capital disclosed in an SEC filing its holdings as of September 30. Icahn increased its stake in two holdings, Icahn Enterprises (IEP) and Herc Holdings (HRI). Icahn reduced its stake in two holdings, AIG (AIG) and Freeport-McMoRan (FCX). Icahn's top holdings as of September 30, in order of size, were Icahn Enterprises, AIG, CVR Energy (CVI), Herbalife (HLF), and Cheniere Energy (LNG).
MCEP

Hot Stocks

16:27 EDT Mid-Con Energy to sell assets within its Southern Oklahoma core area for $25M - Mid-Con Energy announced that it had entered into a definitive agreement to sell oil and natural gas assets within its Southern Oklahoma core area to an unaffiliated buyer for $25.0M, subject to customary post-closing adjustments. The effective date of the divestiture is October 1 and closing is expected to occur on or before November 30. Proceeds from the sale will be used to reduce borrowings outstanding under the Partnership's revolving credit facility. The Partnership will divest the entirety of its Southern Oklahoma core area, which as of December 31, 2016, was comprised of 89 gross oil and natural gas producing wells, 55 gross injection wells, 5 gross water supply wells, and 36 gross inactive wells. Estimated net total proved reserves at year end 2016 were 2.7MMBoe and average net production during the Q3 was approximately 540 Boe/d.
CIFS

Hot Stocks

16:21 EDT CINFS to acquire Beijing Anytrust Science & Technology fro $1.8M - China Internet Nationwide Financial Services announced that it has entered into an equity transfer agreement to acquire 100% equity interest in Beijing Anytrust Science & Technology, a big data company focusing on providing data infrastructure design, big data access and analytics, and document automation for enterprises and government agencies in China. Pursuant to the Agreement entered into on November 14 by and between the Company and the sole and controlling shareholder of Anytrust, Beijing Tianhuang Tongda Technology the Company will acquire 100% equity interest in Anytrust for a total cash consideration of RMB12M, or approximately $1.8M. The Transaction is, subject to due diligence investigations by the relevant parties, shareholder change registration with the State Administration of Industry and Commerce and the satisfaction of other customary closing conditions.
FTFT

Hot Stocks

16:17 EDT Future FinTech to delay filing of quarterly report on Form 10-Q - Future FinTech announced that it will be delaying the filing of its Quarterly Report on Form 10-Q for the quarter ended September 30, 2017. The company has filed an extension with the SEC in accordance with Rules 12b-25(b) and 12b-25(c) for the Form 10-Q and anticipates filing the Form 10-Q on or before the fifth calendar day following the prescribed due date.
MTEM

Hot Stocks

16:17 EDT Molecular Templates appoints Adam Cutler CFO - Molecular Templates announced the appointment of Adam Cutler as CFO, effective Monday, November 13. Cutler will be responsible for all corporate finance, accounting, and investor relations activities.
MTSI

Hot Stocks

16:13 EDT Macom drops 13% after Q1 outlook misses estimates
ARA

Hot Stocks

16:08 EDT American Renal Associates backs FY17 adjusted EBITDA less NCI view $100M-$106M
APD

Hot Stocks

16:08 EDT Air Products extends term of CEO Seifi Ghasemi through September 30, 2022 - Air Products Board of Directors announced that it has entered an amended and restated employment agreement with Air Products' chairman, president and CEO Seifi Ghasemi. The new agreement extends Ghasemi's term through September 30, 2022. Ghasemi was named chairman, president and chief executive officer in 2014. He has led the company through a transformation over the past three years to industry leading safety and financial performance.
CBAY

Hot Stocks

16:04 EDT Perceptive Advisors reports 6.1% passive stake in CymaBay
XLRN

Hot Stocks

16:03 EDT Acceleron reports 'positive' preclinical results in sotatercept trial - Acceleron Pharma announced new preclinical results with sotatercept in pulmonary arterial hypertension during an oral presentation at the American Heart Association 2017 Scientific Sessions in Anaheim, California. "We are extremely encouraged by these positive preclinical results, which support our mechanistic approach for sotatercept and its potential to be a first-in-class disease-modifying therapy for patients with pulmonary arterial hypertension. We look forward to initiating a Phase 2 trial with sotatercept in PAH during the first half of 2018," said Ravi Kumar, Chief Scientific Officer for Acceleron. The oral presentation by Paul Yu, M.D., Ph.D., Associate Professor of Medicine, Brigham and Women's Hospital, entitled "ACTRIIA-Fc rebalances BMP and activin/TGFbeta signaling to attenuate experimental pulmonary hypertension," provided data from three animal models of PAH demonstrating potent effects of sotatercept on many aspects of vascular and cardiac disease. In animals treated early in disease progression, sotatercept blocked the development of pulmonary vascular remodeling and right heart failure, and prevented the increase in pulmonary arterial pressure. For animals treated after established disease, sotatercept achieved a marked reduction in intimal-medial thickness of pulmonary arterioles relative to untreated animals, decreased vessel muscularization, improved pulmonary arterial pressures and decreased indicators of right heart failure. "The sotatercept preclinical results show remarkable biological activity, particularly on the pulmonary vasculature, across multiple, well-established animal models of PAH," said Dr. Yu. "These results are very exciting, and further establish the importance of signaling by the TGF-beta superfamily as a target for therapies to treat PAH."
ACHN

Hot Stocks

16:03 EDT Achillion reports preliminary Proof-of-Concept with ACH-4471 for C3G treatment - Achillion Pharmaceuticals reported preliminary proof-of-concept results from group 1 of its ongoing Phase 2, open-label, 14-day study of ACH-4471 for patients with C3 glomerulopathy or immune complex-mediated membranoproliferative glomerulonephritis. This trial, initiated in September 2017, has currently completed treatment of the first group consisting of two sentinel patients. Interim data from the two sentinel patients in this ongoing trial demonstrated that ACH-4471 achieved complement alternative pathway (AP) inhibition resulting in a greater than 50% reduction in proteinuria, as measured by albumin to creatinine ratio (ACR), over the 14-day treatment period, and demonstrated a favorable tolerability profile.
NVCN

Hot Stocks

16:02 EDT Neovasc reports Q3 EPS (6c), consensus (7c) - Reports Q3 revenue $1.37M, consensus $1.8M.
ALGN

Hot Stocks

16:01 EDT Align Technology files patent infringement lawsuits against 3Shape - Align Technology announced that it has filed six patent infringement lawsuits asserting 26 patents against 3Shape A/S, a Danish corporation, and a related U.S. corporate entity, asserting that 3Shape's Trios intraoral scanning system and Dental System software infringe Align patents. Align also filed four separate complaints in the United States District Court for the District of Delaware alleging patent infringement by 3Shape's Trios intraoral scanning system and Dental System software. All of these district court complaints seek monetary damages and injunctive relief against further infringement.
DRYS

Hot Stocks

15:52 EDT DryShips moves higher after Apollo Management reports stake - Shares of DryShips rose after Apollo Management disclosed that it held a stake of about 1.24M shares in the company as of September 30.
MPO

Hot Stocks

14:40 EDT Avenue Capital reports 13.9% stake in Midstates Petroleum
MPO

Hot Stocks

14:39 EDT Avenue Capital Management II reports 13.9% passive stake in Midstates Petroleum
MDXG

Hot Stocks

14:25 EDT MiMedx announces addition of new information refuting short seller claims - MiMedx announced that it has posted additional materials on the company's website that "further expose the misinformation disseminated through short sellers." MiMedx CEO Parker "Pete" Petit stated, "MiMedx will continue to expose the false allegations and contrived innuendo propagated by these illegal short-sellers, especially those that are associated with the Company's compliance with regulatory requirements...Many of their allegations have already been discredited through the discovery process, and they will be further discredited as these matters come to trial. Most of the negative innuendo in this category is quite ridiculous, and it is hard to believe it could be taken as credible."
EVHC CG

Hot Stocks

14:12 EDT Envision rises amid report of private equity interest - Shares of Envision Healthcare (EVHC) are on the rise following a report by Bloomberg claiming the company has attracted buyout interest from private equity investors. The hospital based physician group, which activist Starboard Value has targeted, had previously announced that it was exploring options to enhance shareholder value. Meanwhile, Baird analyst Whit Mayo told investors that Envision could be worth in the area of $40 per share in a leveraged buyout, which is an estimated value that his peer at Keybanc also sees as possible. PRIVATE EQUITY INTEREST: According to a report by Bloomberg, Envision has attracted buyout interest from firms including Carlyle Group (CG) and Onex Corp. The two are among companies that may bid for Envision alone or as part of a group, the report added. The health-services provider has been under pressure from activist investor Starboard Value, who revealed a stake in Envision in October and recommended the company as an attractive takeover target, Bloomberg noted. LBO 'DOABLE': In a research note to investors published prior to the release of Bloomberg's report, Baird's Mayo noted that he would guess that about three to four hedge funds now collectively own about 20% of Envision Healthcare, with "potentially more in the shadows," and that a leveraged buyout is "very doable" if one believes there is an investment case for industry volumes. If there is a case seen for structural changes in volumes, cash collections and/or physician rate, Mayo sees the potential for "very acceptable returns" on a theoretical leveraged buyout in the $40 per share area, he contended. Mayo pointed out that he thinks the upside risk of a leveraged buyout is being "underappreciated," and reiterated an Outperform rating and $35 price target on the shares. Meanwhile, KeyBanc analyst Jason Gurda told investors in a research note of his own that he also believes a private equity buyer could reasonably bid "in the low $40s" for Envision in a leveraged buyout. The analyst noted that he was not surprised to hear of reports that there is private equity interest in the company as in the past there has been a considerable level of private equity investment in both of Envision's business segments - physician services and ambulatory surgical centers. Gurda reiterated an Overweight rating on the stock, while raising his price target on the shares to $40 from $37. PRICE ACTION: In afternoon trading, shares of Envision have jumped about 7% to $27.66. Year-to-date, however, the stock is still down over 56%.
NJR

Hot Stocks

14:11 EDT New Jersey Resources names Stephen Westhoven COO - New Jersey Resources named Stephen Westhoven executive VP and COO. Throughout his nearly three decades at NJR, Westhoven has held key leadership positions and assumed progressive responsibilities culminating in this appointment to COO.
CORE

Hot Stocks

13:42 EDT Brown Advisory reports 5.05% passive stake in Core-Mark
NBIX

Hot Stocks

13:37 EDT Neurocrine reports publication of full manuscript of data from KINECT 3 study - Neurocrine Biosciences announced that the full manuscript of the long-term safety and efficacy data from the blinded KINECT 3 Phase III extension study evaluating INGREZZA capsules for the treatment of adults with tardive dyskinesia were published in the Journal of Clinical Psychiatry. "We are pleased with the long-term data, which demonstrate the ability of INGREZZA to effectively improve the symptoms of tardive dyskinesia with durable response. The data also showed that INGREZZA was generally well-tolerated and did not interfere with the effects of concomitant antipsychotic and antidepressant medications," said Neurocrine Chief Medical Officer Christopher O'Brien.
RHHBY

Hot Stocks

13:01 EDT Roche receives FDA approval for VENTANA MMR IHC panel - Roche announced US Food & Drug Administration clearance of the VENTANA MMR IHC Panel, which provides clinicians with a comprehensive group of immunohistochemistry tests for patients diagnosed with colorectal cancer. The tests detect certain proteins associated with a DNA repair mechanism called mismatch repair, and aid in differentiating between sporadic colorectal cancer and probable Lynch syndrome, a hereditary form of colorectal cancer. About 3% of colorectal cancers are associated with Lynch syndrome. The panel of five assays includes four that target MMR proteins MLH1, MSH2, MSH6 and PMS2, as well as the VENTANA BRAF V600E assay. This is the first FDA clearance of an IHC panel of this type. "The VENTANA MMR IHC Panel provides clinicians with an additional tool to perform universal tumor screening for probable Lynch syndrome as recommended by medical guidelines," said Ann Costello, Head of Roche Tissue Diagnostics. "The FDA clearance is a major milestone because this testing impacts not just the patient, but family members who may benefit from further genetic testing and advanced monitoring to detect colorectal cancer at its earlier stages, when it is more treatable."
CI

Hot Stocks

12:47 EDT Cigna fined $2M by New York for violations of insurance law - New York Financial Services Superintendent Maria Vullo announced that the Department of Financial Services has fined Cigna Health and Life Insurance Company $2M for violations of New York State Insurance Law involving the illegal sale of stop-loss insurance and unapproved health insurance policies that would otherwise have been part of New York's small-group market. In a consent order entered into with Cigna and announced today, DFS found that Cigna improperly sold stop-loss and fully insured health insurance policies outside of New York to New York-based small groups with employees in New York State, and where, in many cases, the companies solicited business and conducted other activity in the state.
EVHC

Hot Stocks

12:37 EDT Envision Healthcare trading resumes
EVHC

Hot Stocks

12:34 EDT Envision halted for volatility after jumping 7% to $27.57
EVHC

Hot Stocks

12:32 EDT Envision Healthcare trading halted, volatility trading pause
EURN

Hot Stocks

12:19 EDT Chateauban reports 5.4% passive stake in Euronav NV
JACK...

Hot Stocks

12:16 EDT JANA Partners takes stake in Jack in the Box, exits Cognizant position - JANA Partners disclosed in an SEC filing its holdings as of September 30. JANA Partners' nine new buys during the third quarter included, by size of position, Jack in the Box (JACK), UnitedHealth (UNH), Axalta Coating Systems (AXTA), Oracle (ORCL), and DR Horton (DHI). JANA Partners exited fourteen positions during the quarter, including by size of previous position, Cognizant Technology Solutions (CTSH), Hewlett Packard Enterprise (HPE), Sherwin Williams (SHW), Blackhawk Network Holdings (HAWK), and CDK Global (CDK). JANA Partners increased its stake in nine holdings, including by size of previous position, EQT Corp (EQT), Zimmer Biomet (ZBH), DXC Technology (CSC), Zayo Group (ZAYO), and Molina Healthcare (MOH). JANA Partners reduced its stake in twelve holdings, including by size of previous position, NuVasive (NUVA), Tiffany & CO (TIF), Pandora Media (P), Liberty Broadband (LBRDK), and Select Medical (SEM). JANA Partners' top holdings as of September 30, in order of size, were EQT Corp, Zimmer Biomet, Tiffany, Liberty Broadband, and HD Supply Holdings (HDS).
BIIB

Hot Stocks

12:04 EDT Biogen, Theradiag sign partnership agreement - Theradiag, a company specialized in in vitro diagnostics and theranostics, is announcing that it has entered into a partnership agreement with Biogen to provide its Lisa Tracker kits for monitoring Flixabi, an infliximab biosimilar. Under this agreement, Theradiag will be Biogen's preferred supplier of infliximab monitoring kits. Theradiag will also handle implementation, provide training to laboratories in how to use kits and follow up on clinician requests concerning monitoring.
JACK

Hot Stocks

11:58 EDT Jack in the Box rises after Jana Partners discloses stake - Jana Partners' 13-F filing shows that the fund held about 1.317M shares of Jack in the Box as of September 30. Jack in the Box shares have jumped 6% following the filing.
TJX

Hot Stocks

11:39 EDT TJX sees FY18 Marmaxx comps up 1% on sales of $22.2B - Sees Marmaxx comp growth up 1% on sales of $22.2B. Sees HomeGoods comps up 4% on sales of $5.1B.Sees TJX Canada comps up 4% on sales $3.6B. Sees TJX international comp growth 1% on sales of $4.8B.
DBVT

Hot Stocks

11:34 EDT DBV announces publication of 'positive' Viaskin Peanut study - DBV Technologies announced that detailed results from the Vipes Phase IIb trial and the Olfus-Vipes extension study of Viaskin Peanut in peanut-allergic patients were published in the Journal of the American Medical Association. After 12 months, treatment with Viaskin Peanut resulted in a statistically significant response rate compared to placebo, which was followed by an increase in the observed treatment effect during the extension study, DBV says in a statement. Vipes was a 12-month dose-ranging trial designed to assess the efficacy and safety of Viaskin Peanut in 221 peanut-allergic patients six to 55 years of age. In the study, the primary efficacy endpoint, which was defined as the percentage of treatment responders for each active treatment group compared to placebo, was met with the 250 mcg dose of Viaskin Peanut. "Epicutaneous immunotherapy represents a new paradigm for how we can potentially treat peanut and other food allergies in a safe and effective way," said Dr. Hugh Sampson, Chief Scientific Officer of DBV Technologies, the Kurt Hirschhorn Professor of Pediatrics at the Icahn School of Medicine at Mount Sinai, and the lead author of this manuscript. "This first-ever publication of a large clinical trial of epicutaneous immunotherapy is a significant milestone, highlighting the potential for this new class of immunotherapy. With our ongoing comprehensive Phase III program in peanut-allergic children, we continue to expand our understanding of the long-term benefits of Viaskin Peanut."
TJX

Hot Stocks

11:13 EDT TJX says Q4 'off to a strong start' - Says could have done a better job with apparel sales at Marmaxx in Q3. Says pleased with customer traffic in Q3. Says customer traffic was up at all four divisions. Says remains confident in long-term growth strategy. Says wage increases negatively impacted EPS by 1%, as expected. Says comfortable with liquidity and inventory position entering Q4. Says continues to expect to buy back $1.5B-$1.8B of TJX stock this year. Comments taken from Q3 earnings conference call.
HAWK EBAY

Hot Stocks

11:04 EDT Blackhawk announces expanded gift card partnership with eBay - Blackhawk Network (HAWK) announced that it has expanded its longtime partnership with eBay (EBAY) to provide the online marketplace with end-to-end business-to-business gift card services. Through the new program, businesses can order eBay gift cards to reward or incentivize customers through loyalty, acquisition, retention or promotional programs.
IRBT

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10:56 EDT iRobot up 3% to $72.31
AET...

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10:46 EDT Omega Advisors takes stakes in Aetna, Expedia, exits Allergan position - Leon Cooperman's Omega Advisors disclosed in an SEC filing its holdings as of September 30. Omega's 21 new buys during the third quarter included, by size of position, Aetna (AET), Expedia (EXPE), Adobe (ADBE), A Schulman (SHLM), and DXC Technology (CSC). Omega exited 18 positions during the quarter, including by size of previous position, Allergan (AGN), Arris (ARRS), OneMain Holdings (OMF), L Brands (LB), and Gardner Denver Holdings (GDI). Omega increased its stake in 25 holdings, including by size of previous position, AMC Networks (AMCX), Trinity Industries (TRN), MaxLinear (MXL), WPX Energy (WPX) and Shire (SHPG). Omega reduced its stake in six holdings, including by size of previous position, AIG (AIG), MGM Resorts (MGM), Ellington Financial (EFC), Navient (NAVI), and Gigamon (GIMO). Omega's top holdings as of September 30, in order of size, were First Data (FDC), Alphabet (GOOGL), AerCap (AER), United Continental (UAL), and Shire.
GE

Hot Stocks

10:43 EDT General Electric shares drop below $18, hit $17.95 before ticking up
EC

Hot Stocks

10:31 EDT Ecopetrol 'stresses' Bermuda not on list of countries considered tax havens - Ecopetrol S.A issued the following statement on the "Paradise Papers" article: "In 2006, after completing the relevant analysis and with the necessary corporate authorizations, Ecopetrol S.A. organized the company Black Gold RE, domiciled in Bermuda, the corporate purpose of which was to support and foster the risk financing strategy of Ecopetrol and its subsidiaries and affiliates, in order to determine the optimal balance between retaining and transferring risks at any point in time. As a result, Black Gold RE has engaged in efficient yet extensive risk financing by accessing the international reinsurance market directly, which in turn allows it to mitigate the capacity and coverage restrictions that exist in the local insurance markets, negotiate better insurance premium rates, monitor insurance brokerage costs, increase its retention capacity to efficiently address rate changes in the insurance market, and consolidate and concentrate the financial and administrative operations of the GE Corporate Insurance Program, etc. It is important to stress that Bermuda is not included on the list of countries considered tax havens, pursuant to Colombian Ministry of Finance and Public Credit Decrees 1966 and 2095 of October 7 and 21, 2014. For accounting purposes, Ecopetrol fully consolidates the earnings generated by this subsidiary in its financial statements, which are audited by E&Y, the Group companies' current external auditor, and in the other periodic reports, including the quarterly report, published as relevant information in Colombia, through the official page of the Financial Superintendence of Colombia, and the 20F that must be presented to the Securities Exchange Commission of the United States of America."
KO

Hot Stocks

10:24 EDT Before the Move: Wells Fargo says buy Coca-Cola ahead of investor day - In a research note to investors, Wells Fargo analyst Bonnie Herzog upgraded Coca-Cola (KO) to Outperform ahead of the company's investor day meeting on November 16. The analyst argued that the market is underestimating "several key points" and that Coca-Cola should be "a core holding" in 2018 and beyond. BUY COCA-COLA: Wells Fargo's Herzog upgraded Coca-Cola to Outperform from Market Perform and raised her price target on the shares to $51 from $45, while saying that the shares should be "a core holding" in 2018 and beyond. The analyst told investors that Coca-Cola's positive momentum should continue to accelerate, and noted that the market seems to be underestimating "several key points" which the company is likely to highlight at its meeting later this week. These include accelerating top-line growth trends, margin expansion opportunities in next three years and faster earnings growth, Herzog contended. She believes Coca-Cola's accelerated growth will be driven by sustained positive momentum in North America, improving trends in many emerging markets, a strong innovation engine, a strengthened portfolio driven by its total beverage approach, and further cost savings. Noting that the company may support 5%-6% organic revenue growth over the next several years, Herzog told investors that she expects positive earnings revisions in the near future, and that she continues to believe Coca-Cola's best-in-class distribution and strong brand portfolio will allow it to retain its premium valuation. Meanwhile, investments in productivity and marketing will pay off in years to come, particularly in outer years once refranchising is complete, she added. PRICE ACTION: In morning trading, shares of Coca-Cola is fractionally up to $46.74. "Before the Move" is The Fly's recurring series of exclusive stories that identify potentially market moving events, along with analyst predictions, ahead of the news.
TKPYY

Hot Stocks

10:02 EDT Takeda receives positive CHMP opinion for Adcetris for CD30-positive CTCL - Takeda Pharmaceutical announced that the European Medicines Agency's Committee for Medicinal Products for Human Use has adopted a positive opinion for the extension of the marketing authorization of ADCETRIS and recommended its approval for the treatment of adult patients with CD30-positive cutaneous T-cell lymphoma after at least one prior systemic therapy. ADCETRIS is an antibody-drug conjugate directed at CD30 which is expressed on skin lesions in approximately 50% of patients with CTCL. ADCETRIS is currently not approved for the treatment of CTCL. The CHMP positive opinion for ADCETRIS will now be reviewed by the European Commission, which has the authority to approve medicines for use in the 28 countries of the European Union, Norway, Liechtenstein and Iceland. The positive CHMP opinion is based on the results of the randomized, open-label Phase 3 ALCANZA study designed to evaluate single-agent ADCETRIS versus a control arm of investigator's choice of standard of care therapies in patients with CD30-positive CTCL. The trial achieved its primary endpoint and the ADCETRIS treatment arm demonstrated a highly statistically significant improvement in the overall response rate lasting at least four months versus the control arm as assessed by an independent review facility.
CMTL

Hot Stocks

10:01 EDT Comtech awarded contracts totaling $22.4M - Comtech announced that during its first quarter of fiscal 2018, its Safety and Security and Enterprise Technologies groups, both of which are part of Comtech's Commercial Solutions segment, have been awarded three five-year contracts with an aggregate value of approximately $22.4M. The contracts, which were awarded by a major U.S. telecommunications company, provide for the installation, ongoing service and related maintenance of Next Generation 9-1-1 public safety Call Handling and Emergency Services IP Network solutions for multiple local, state, and federal government customers. Each of these three contract awards have an initial performance period of two years and provide for three annual option periods. In connection with these contract awards, Comtech received initial funded orders aggregating approximately $8.3M.
HD

Hot Stocks

09:56 EDT Home Depot says does not see slowdown in housing from 2018-2020
BMY

Hot Stocks

09:51 EDT Syngene, Bristol-Myers expand research agreement through 2026 - Syngene International, a contract research organization based in India, announced that it has expanded its ongoing collaboration with Bristol-Myers Squibb. "The next phase of the partnership will see the addition of a new facility to support future Bristol-Myers Squibb research and development operations, an expansion of the team and the extension of the existing agreement through 2026. The expansion will enable the two companies to undertake a greater range of scientific research and development for pharmaceuticals across a broader range of activities," the company said. Syngene and Bristol-Myers Squibb have worked together since 1998. As part of the expansion, Syngene will set up a new dedicated facility spread across 25,000 sq. ft. of laboratory and office space for Bristol-Myers Squibb. This facility will house an additional team of 75 Syngene scientists who will work exclusively in support of Bristol-Myers Squibb.
LEXEB

Hot Stocks

09:50 EDT Liberty Expedia Holdings (Series B) trading resumes
HD

Hot Stocks

09:47 EDT Home Depot says 'very pleased' with current inventory levels
LEXEB

Hot Stocks

09:45 EDT Liberty Expedia Holdings (Series B) trading halted, volatility trading pause
GE

Hot Stocks

09:43 EDT Flannery says no accounting issues at GE - General Electric CEO John Flannery is being interviewed on CNBC.
GE

Hot Stocks

09:38 EDT General Electric CEO says 'very clear' yesterday on direction of company - Flannery said he is "not surprised" in the reaction in GE shares given the "disappointing news" the company delivered, but he is "very confident" in the direction the company is headed. General Electric CEO John Flannery is being interviewed on CNBC following the company's investor update meeting yesterday.
NLNK

Hot Stocks

09:37 EDT NewLink Genetics appoints Eugene Kennedy, M.D. as Chief Medical Officer - NewLink Genetics announced the appointment of Eugene P. Kennedy, M.D., FACS, to the role of Chief Medical Officer. He will be responsible for leading all clinical development, medical affairs and related functions. Dr. Kennedy's previous role at NewLink Genetics was Vice President of Clinical and Medical Affairs.
MSG

Hot Stocks

09:35 EDT Madison Square Garden intends to sell New York Liberty - Madison Square Garden announced that it intends to sell its original WNBA franchise, the New York Liberty. MSG is committed to identifying new ownership that will continue to grow the team, and is actively seeking a buyer to take over immediate operations of the franchise.
LYL

Hot Stocks

09:34 EDT Dragon Victory enters into strategic cooperation agreement with Wedo Union - Dragon Victory announced that the company has entered into a Strategic Cooperation Agreement with Shenzhen Wedo Union Technology Co., or Wedo Union, a leading provider of shared workspace, community, and incubation services for entrepreneurs, freelancers, startups and small businesses, for incubation services upgrade in China. The objective of the collaboration between LYL and Wedo Union is to launch a new model of "crowd-creating, crowdfunding, crowdsourcing, and crowd-serving". This new model's primary target is venture capital investors. Through the implementation of the new model, venture capital investors will enjoy funds and policies dual services while both parties will realize the strategic goals of resource integration, project excavation, innovation incubation, joint office, technical reserve and enterprise services. Pursuant to the Agreement, both parties will conduct a close and extensive cooperation in business information sharing, business projects docking as well as venture capital investment. LYL will raise funding for Wedo Union's incubation projects and plans to establish a specific venture capital fund and a crowd-creating industry park with Wedo Union. Wedo Union will provide shared office spaces and incubation services to high-quality projects that utilize the platform of LYL, including but not limited to hardware and software installation, operation management guidance, investment strategy consulting, media training, technical VC, expert think tank, investment and financing services.
GME

Hot Stocks

09:32 EDT GameStop CEO, Raines seeking medical treatment for previously disclosed issue - GameStop announced that its CEO, J. Paul Raines, has had a reoccurrence of his previously disclosed medical issue and is seeking treatment. In light of these developments, the board of the company has appointed the company's Executive Chairman, Daniel DeMatteo, as the company's interim CEO. DeMatteo, one of the company's co-founders, will continue to serve as Executive Chairman and director. In the past, DeMatteo has served as the company's CEO and in a variety of board and executive roles since November 1996.
GME

Hot Stocks

09:30 EDT GameStop appoints Daniel DeMatteo as Interim CEO
HD

Hot Stocks

09:30 EDT Home Depot says large ticket growth continues due to Pro business - Says "pleased" with online growth.
GME

Hot Stocks

09:30 EDT GameStop appoints Daniel DeMatteo as Interim CEO
LMT

Hot Stocks

09:28 EDT Sikorsky's S-92 helicopter approved to operate in Mexico - Mexico's Directorate General of Civil Aeronautics, or DGAC, approved the Offshore and Utility Type Certificate for the Sikorsky S-92 helicopter. The certificate enables the operation of S-92 helicopters in Mexico, in all production configurations including offshore oil and gas transportation, search and rescue, as well as regional airline passenger service and VIP transportation. DGAC signed the certificate November 6, capping an intensive three-year effort to introduce the S-92 helicopter manufactured by Sikorsky, a Lockheed Martin Company, to Mexico.
DLPH...

Hot Stocks

09:28 EDT On The Fly: Pre-market Movers - UP AFTER EARNINGS: Delphi Automotive (DLPH), up 3.3%... Navios Maritime (NMM), up 3.3%... Stratasys (SSYS), up 6.9%. DOWN AFTER EARNINGS: TJX Companies (TJX), down 3.9%... Home Depot (HD), down marginally... Cheniere Energy (LNG), down 3.6%... Eagle Point Credit (ECC), down 5.6%... Dicks Sporting (DKS), down 4.8%... Zynerba Pharmaceuticals (ZYNE), down 5.9%. ALSO LOWER: Loxo Oncology (LOXO), down 5.1% after entering global development partnership for LOXO-195 with Bayer (BAYRY).
LMT

Hot Stocks

09:26 EDT Lockheed Martin's S-92 helicopter approved in Mexico - Mexico's Directorate General of Civil Aeronautics, or DGAC, approved the Offshore and Utility Type Certificate for the Sikorsky S-92 helicopter. The certificate enables the operation of S-92 helicopters in Mexico, in all production configurations including offshore oil and gas transportation, search and rescue, as well as regional airline passenger service and VIP transportation. DGAC signed the certificate November 6, capping an intensive three-year effort to introduce the S-92 helicopter manufactured by Sikorsky, a Lockheed Martin Company, to Mexico.
HD

Hot Stocks

09:22 EDT Home Depot says hurricane-related sales to be higher in Q4
SFR INVH

Hot Stocks

09:22 EDT Starwood Waypoint shareholders approve merger with Invitation Homes - Starwood Waypoint Homes (SFR) announced that, at a special meeting held earlier, its shareholders approved the company's merger with and into a subsidiary of Invitation Homes Inc. (INVH) in a stock-for-stock transaction pursuant to the previously announced Agreement and Plan of Merger, dated August 9. Overall, the two companies have invested nearly $2B, an average of approximately $22,000 per home, in renovations and maintenance, improving resident experience and driving economic growth and job creation in local communities. The combined company will own and manage a portfolio of approximately 82,000 single-family homes. While Invitation Homes is expected to be the largest single-family rental company in the U.S. upon the closing of the Merger, its portfolio will represent less than 0.1% of the more than 90M single-family homes in the U.S. and just 0.5% of the nearly 16M single-family homes for rent in the U.S.The Merger is expected to close on or about November 16, subject to customary closing conditions. As a result of the Merger, each Starwood Waypoint Homes common share will be converted into 1.6140 shares of Invitation Homes common stock. Invitation Homes' common stock will continue to trade on the New York Stock Exchange under its existing ticker symbol.
HD

Hot Stocks

09:21 EDT Home Depot says expects hurricane-related sales to continue into 1H18
WIFI

Hot Stocks

09:21 EDT Boingo sees long-term revenue growth twice rate of growth of Wi-Fi providers - In slides for its analyst day meeting, Boingo Wireless said it sees long-term revenue growth of 2x the rate of growth vs. Wi-Fi Service Providers and 2x the rate of growth vs. Tower Companies. Long-term, the company sees double the EBITDA margin vs. Wi-Fi Service Providers and "lower, but much faster growing" EBITDA than Tower Companies. The company added it sees itself positioned in the "early innings of long-term investment cycle" and that 5G and Convergence create a "huge opportunity."
AMAT...

Hot Stocks

09:20 EDT Tepper's Appalossa added Applied Materials in Q3, sold out of Wells Fargo - David Tepper's Appalossa disclosed in an SEC filing its holdings as of September 30. Appalossa made two new buys during the quarter, 250,000 shares of Applied Materials (AMAT) and 64,311 shares of XPO Logistics (XPO). The fund exited 13 positions during the quarter, including by size of previous position, iShares Nasdaq Biotechnology Index (IBB), L Brands (LB), Delta Air Lines (DAL), Wells Fargo (WFC) and Cemex (CX). Appalossa increased its stake in 15 holdings, including by size, Micron Technology (MU), Facebook (FB), NRG Energy (NRG), Ally Financial (ALLY) and Apple (AAPL). The fund reduced its stake in 28 holdings, including by size, Allergan (AGN), PNC Financial (PNC), Energy Transfer Partners (ETP), Williams Partners (WPZ) and General Motors (GM). Appalossa's top holdings as of September 30, in order of size, were Micron, Alibaba (BABA), Facebook, Alphabet (GOOGL) and Allergan.
HD

Hot Stocks

09:19 EDT Home Depot says sees FY17 gross margin down 12 bps - Sees FY17 tax rate 36.3%.
HD

Hot Stocks

09:17 EDT Home Depot says targeting FY17 share repurchases of $8B
HD

Hot Stocks

09:15 EDT Home Depot says 45% of Q3 online orders picked up in store
HD

Hot Stocks

09:09 EDT Home Depot says saw growth in ticket and transaction in Q3 - Says big ticket sales over $900 were up 12.1% in Q3. Says transactions under $50 grew 1.8% in Q3.
LMT

Hot Stocks

09:08 EDT Lockheed Martin awarded $44.1M contract by U.S. Air Force - Lockheed Martin received a $44.1M contract from the U.S. Air Force to produce Intelligent Test Instrumentation Kits, or iTIK, to be used on Joint Air-to-Surface Standoff Missile, or JASSM, flight tests for telemetry and flight termination purposes. This contract for iTIKs provides benefits across multiple missile programs. These upgraded iTIKs eliminate obsolete parts from previous generation test kits and provide a new product that can be used on several different missiles.
BA

Hot Stocks

09:07 EDT Royal Jordanian Airlines selects Boeing 787 flight training - Boeing and Royal Jordanian Airlines announced at the 2017 Dubai Air Show the carrier has selected Boeing to provide its 787 flight training. Under the five-year strategic agreement, Boeing will provide Royal Jordanian with a comprehensive training solution, including pilot type-rating and recurrent training at its London Gatwick training campus.
SRNE

Hot Stocks

09:07 EDT Sorrento: Scilex Pharmaceuticals files European MAA for ZTlido - Sorrento Therapeutics announced that Scilex Pharmaceuticals, a majority-owned subsidiary of Sorrento, filed the European Marketing Authorization Application for its lead product candidate, ZTlido, through a hybrid regulatory pathway with the Medicines and Healthcare products Regulatory Agency in the United Kingdom. The UK will be the reference member state, or lead review agency, with corresponding filings in multiple other countries including Germany, France, Spain, Italy and Ireland. The review time for the MAA is 210 days with clock stops for information requests from agencies. Scilex expects to have a decision in the 4th quarter of 2018. The company is currently evaluating commercial options and partnerships for the EU, with a potential commercial launch date for Europe in 2019. Scilex currently has a new drug application under review with the FDA in the US for ZTlido.
HD

Hot Stocks

09:05 EDT Home Depot says pro sales outpaced DIY in in Q3 - Says online sales grew 19% in Q3 and now represent 6.2% of total sales. Comments from Q3 earnings conference call.
GPAC

Hot Stocks

09:05 EDT Purple Innovation appoints Mark Watkins as CFO - Purple Innovation announced that Mark Watkins has been named CFO, effective immediately. The announcement follows Purple's announcement on November 2 of a definitive merger agreement with Global Partner Acquisition. Watkins most recently served as the CFO of wood pellet grill pioneer, Traeger Pellet Grills, a post he held from March 2015 through October 2017. At Traeger, Watkins was responsible for the company's overall financial strategy through a period of rapid growth and expansion. Previously, Watkins held various positions of increasing responsibility at Nu Skin Enterprises, including Vice President of Sales Operations and Vice President of Finance.
CMCSA...

Hot Stocks

09:03 EDT Comcast, Sony partner to bring Xfinity TV app to Sony Smart TVs - Comcast (CMCSA, CMCSK) and Sony (SNE) announced that Xfinity TV customers will soon be able to access their cable service via the Xfinity TV Partner app on Sony's Android TVs. Beginning in 2018, Xfinity TV customers with Sony's Android TVs will be able to enjoy live and on demand programming, including local broadcast and Public Educational and Governmental channels, as well as their cloud DVR recordings via the Xfinity TV Partner app. They will also enjoy the seamless design and rich programming data of the Emmy Award-winning X1 guide. Last year, Comcast launched the Xfinity TV Partner Program to expand the range of retail devices Xfinity TV customers can use to access the programming that is included with their subscription. The Xfinity TV Partner Program leverages open standard HTML5 technology, providing a common framework for smart TV, TV-connected and IP-enabled retail device manufacturers to develop an Xfinity TV Partner app for their devices. All content within the Xfinity TV Partner app is delivered over Comcast's secure private managed network, enabling customers to access and enjoy their cable service on devices like Sony Android TVs, without the need to lease a traditional set-top box from Comcast. Comcast expects to launch the Xfinity TV Partner app on Sony Android TVs in 2018.
WFC

Hot Stocks

09:02 EDT Wells Fargo will no longer charge overdraft fees for transactions $5 or under - Wells Fargo announced that it will no longer charge overdraft fees for any transaction of $5 or less, further helping customers avoid unexpected fees when their account balances are low. This new per-transaction threshold complements the bank's existing policy of not charging an overdraft fee if a customer's available balance and ending account balance is overdrawn by $5 or less and no items are returned for non-sufficient funds at the end of nightly processing. It is intended to help customers avoid additional overdraft fees for small transactions conducted after an account is initially overdrawn.
SPCB

Hot Stocks

09:02 EDT SuperCom's monitoring suite selected by government of Bulgaria - SuperCom was selected by the national government of Bulgaria to deploy its PureSecurity Electronic Monitoring Suite, a solution aimed at increasing public safety, reducing prison overcrowding and lowering recidivism by tracking and monitoring public offenders. The comprehensive nationwide program, set to include all electronic monitoring, or EM, offender programs within the country, is expected to initially monitor 250 enrollees simultaneously. According to the terms of the award, SuperCom will deploy its PureSecurity electronic monitoring solution, which will include home detention and GPS tracking of offenders.
WFC

Hot Stocks

09:02 EDT Wells Fargo introduces Overdraft Rewind to help customers avoid fees - Wells Fargo & Company announced that it has introduced a new feature that will automatically "rewind" overdrafts that are assessed on customers' accounts at a vulnerable time -- specifically the day before their payday direct deposit is received, when their account balances may be low. With the new "Overdraft Rewind" feature, the bank will not charge overdraft or insufficient funds fees if a covering direct deposit is received the morning after their account is overdrawn. Customers do not need to take any action to receive the new benefit, automatically providing a better banking experience for millions of customers nationwide.
SIEGY

Hot Stocks

09:01 EDT Siemens signs MOU for SGT-A45 fast power mobile gas turbine - Siemens recently signed a Memorandum of Understanding with Bayat Power and the Government of the Islamic Republic of Afghanistan to provide its SGT-A45 mobile gas turbine which will form the foundation of a three-phase energy project in Afghanistan. Upon completion, it will provide more than 200 Megawatts of electricity within the country, enough electricity to meet the needs of more than 700,000 Afghan homes and businesses, and helping give rise to much needed Afghan jobs in the agribusiness, mining and manufacturing sectors. The Bayat Power 1 gas-to-power program was announced last year, with an MOU between Bayat Power and the Government of the Islamic Republic of Afghanistan, calling for a three phase, $250M Independent Power Producer investment program.
BNCL

Hot Stocks

08:57 EDT Beneficial Bancorp announces formation of Neumann Finance - Beneficial Bank announced the formation of Neumann Finance - a new equipment leasing firm within Beneficial Bank, named after the bank's pioneering founder, John Neumann. The new strategic partnership will focus on providing financing products and services to businesses nationwide. The partnership between Beneficial Bank and Neumann Finance brings together two established leadership teams, building a network aimed at helping businesses find the best equipment financing options and services. Neumann Finance will target various equipment categories including technology, software, office, medical and other areas.
SCHW

Hot Stocks

08:49 EDT Charles Schwab reports October net new assets of $35.4B - The Charles Schwab Corporation released its monthly activity report. Company highlights for the month of October 2017 include: net new assets brought to the company by new and existing clients in October totaled $35.4B, total client assets were a record $3.26T as of month-end October, up 21% from October 2016 and up 2% compared to September, client assets receiving ongoing advisory services were also a record $1.64T as of month-end October, up 21% from October 2016 and up 2% compared to September.
BAC

Hot Stocks

08:48 EDT Bank of America COO: Capital markets activity 'seems pretty robust' in Q4
BAC

Hot Stocks

08:41 EDT Bank of America COO: Regulatory change 'slower than we anticipated' - Thomas K. Montag, Bank of America's COO, said at the Bank of America Merrill Lynch Future of Financials 2017 Conference that companies are "ready to take action" after tax changes. Montag said final Brexit terms are likely to fuel more activity than taxes. He said regulatory change has been "slower than we anticipated," but still believes more regulatory change can happen. Montag said the bank is looking to "do more" in investment banking andt hat it has BofA has hired 20 middle-market investment managers in cities like Seattle and Denver. Montag expects foreign exchange wallet to be a growth driver. The COO added that BofA is working with Sunlight Payments on money laundering. Brexit plans call for moving about 200 staff from London, mostly to Paris and Frankfurt, Montag said, adding that "you want to have it right on Day 1."
TJX

Hot Stocks

08:38 EDT TJX maintains high end of FY EPS view
TJX

Hot Stocks

08:37 EDT TJX reports total inventories at October 28 of $4.7B
TJX

Hot Stocks

08:36 EDT TJX CEO: Hurricanes had negative impact during the quarter - ERnie Herrman, CEO and presidident of TJX, said "Certainly, the hurricanes had a negative impact during the quarter. Our greatest concern is the well-being of our Associates, their families, our customers and everyone affected by these natural disasters, and our hearts go out to the people who have been impacted. Additionally, we believe that warmer temperatures in the U.S. during the quarter dampened demand for apparel at our Marmaxx division. While sales were not as strong as we would have liked, we were pleased that sales trends at Marmaxx improved as the weather turned more seasonable. Further, customer traffic, or transactions, were strong and up at every major division. Importantly, our consolidated merchandise margin increased, which we believe speaks to the flexibility of our off-price business model. Overall, our organization sharply executed our off-price fundamentals of opportunistic buying, lean inventory discipline, and being strategic and targeted in the flow of merchandise to our stores, which helped drive margins. Looking ahead, the fourth quarter is off to a strong start and we see numerous opportunities for the holiday selling season across our retail banners. We have excellent inventory liquidity to capitalize on the plentiful opportunities we are seeing for quality, branded merchandise in the marketplace. We will be offering consumers eclectic gift selections from around the world, at compelling, off-price values, and shipping fresh assortments to our stores and online throughout December and beyond. We have many initiatives underway to drive sales and traffic and are excited about our marketing campaigns. We are confident that we will achieve our goals for 2017 and as always, we will strive to surpass them. We have enormous confidence in the continued, successful growth of TJX!"
IDT

Hot Stocks

08:34 EDT net2phone Teams with Telarus - net2phone, a division of IDT Corporation, announced a partnership with Telarus. Telarus is a premier master agent for strategic communications and cloud deployments. The partnership with net2phone will provide Telarus agents with net2phone's powerful hosted PBX and SIP Trunking solutions. net2phone, a rapidly growing innovator in the unified communications industry, and Telarus, a massive network of distributors, will now work together to provide reliable, advanced communications solutions to businesses all across the country.
WCG

Hot Stocks

08:33 EDT WellCare to offer enhanced Medicare Advantage Plan benefits in 2018 - WellCare Health Plans will offer a variety of Medicare Advantage health plans in 2018 that provide more benefits and services than Original Medicare. WellCare's plans emphasize preventive health measures and are specifically designed to meet the needs of cost-conscious older adults and dual-eligible beneficiaries seeking to get and stay healthy.
CPB DIS

Hot Stocks

08:33 EDT Campbell Soup names Monica Diaz chief diversity and inclusion officer - Campbell Soup Company (CPB) has appointed Monica Diaz chief diversity and inclusion officer. In this newly created role, Diaz will lead Campbell's enterprise-wide diversity and inclusion strategy, creating new programs and enhancing existing initiatives to foster an inclusive culture and diverse workforce that mirrors Campbell's consumer base. Diaz will be based in Camden and report to Bob Morrissey, SVP and chief human resources officer, beginning Nov. 20. Diaz will also act as an adviser to Campbell's Leadership Team. Diaz joins Campbell from ESPN, part of The Walt Disney Company (DIS), where she was VP, diversity, inclusion and wellness.
DKS HD

Hot Stocks

08:33 EDT Dick's Sporting appoints Paul Gaffney as Chief Technology Officer - DICK'S Sporting Goods (DKS) announced Paul Gaffney has been named Chief Technology Officer, effective November 20. In this role, Gaffney will be responsible for the Company's technology, including infrastructure, eCommerce platforms and new and evolving digital platforms. Gaffney joins DICK'S from The Home Depot, where he most recently served as the Senior Vice President of Information Technology, responsible for the organization's software engineering, user-centered design and applications. While at The Home Depot (HD), Gaffney was responsible for leading their digital revolution, inspiring the engineering team to deliver customer focused software to millions of customers and over 400,000 associates.
GRBK

Hot Stocks

08:32 EDT Green Brick hires Summer Loveland as Chief Accounting Officer - Green Brick Partners announced that Summer Loveland has been hired as Chief Accounting Officer. Loveland previously served as CFO of the Dallas Police and Fire Pension System since November 2013.
NBEV

Hot Stocks

08:31 EDT New Age Beverages reports Q3 revenue $16.8M, consensus $18.45M
SPA

Hot Stocks

08:31 EDT Sparton receives contracts valued at $1.1M for maritime payload delivery systems - Sparton announced the receipt of contract awards for the further development of Sparton's Hammerhead maritime payload delivery canister system. The contracts include orders for engineering development and delivery of canister systems to our customers for field testing. These contracts have a total value of $1.1M with deliveries scheduled for July 2018 and September 2018.
LNG

Hot Stocks

08:23 EDT Cheniere Energy sees FY18 adjusted EBITDA $1.9B-$2.1B - Sees FY18 distributable cash flow $200M-$400M
LOXO BAYRY

Hot Stocks

08:22 EDT Loxo drops after announcing cancer drug co-development deal with Bayer - Shares of Loxo Oncology (LOXO) jumped in pre-market trading before reversing and heading lower after the company announced a partnership with Bayer (BAYRY) to develop and commercialize its two lead drugs. PARTNERSHIP AGREEMENT: Under the terms of the agreement, Loxo will receive an upfront payment of $400M from Bayer in exchange for global development and marketing rights to larotrectinib and LOXO-195, which both target rare chromosomal abnormalities known as TRK gene fusion found across different types of cancer. Loxo will also be eligible for a total of $650M in milestone payments from Bayer following regulatory approvals and certain sales events for both drugs. Loxo will lead worldwide development activities and U.S. regulatory activities, while Bayer will lead regulatory activities outside the U.S. and global commercial activities. The companies will split global development costs and U.S. commercial costs and profits. Bayer will also book global revenues. "This is a transformational collaboration for the company as we prepare for commercialization," said Jacob Van Naarden, chief business officer of Loxo Oncology. WHAT'S NOTABLE: In a clinical trial presented in June by Loxo, larotrectinib demonstrated a 76% objective response rate in patients with cancers that contained the TRK fusions but originated in different parts of the body. In those studies 12% saw their tumors entirely disappear while 64% saw theirs tumors partially shrink. David Hyman, MD, of Memorial Sloan Kettering Cancer Center, said at the time that "We believe [these data] demonstrate that larotrectinib is profoundly effective in a durable manner in patients with TRK fusion cancers." Loxo expects to submit an NDA to the FDA for the larotrectinib program in late 2017 or early 2018, with the potential for an FDA decision by mid-2018. As the only selective pan-TRK inhibitor currently in clinical development, larotrectinib could "potentially be the first novel targeted therapy that's developed and eventually used in a 'tumor-agnostic' manner," Hyman said. TRK fusions occur in between 1,500 and 5,000 cancer patients per year, or about 1%-3% of cancer cases. PRICE ACTION: Though Loxo Oncology initially jumped, the stock is now down about 5.4% to $78.75 after pre-market trading was resumed.
LNG

Hot Stocks

08:22 EDT Cheniere Energy revised FY17 adjusted EBITDA to $1.8B-$1.9B - Revised FY17 distributable cash flow to $600M-$700M
CQP

Hot Stocks

08:18 EDT Cheniere Energy Partners sees FY18 distribution $2.00-$2.20 per unit
CQP

Hot Stocks

08:18 EDT Cheniere Energy Partners narrows FY17 distribution view to $1.73-$1.80 - Prior view was $1.70-$1.90.
LNG

Hot Stocks

08:16 EDT Cheniere Energy is revising FY17 guidance - The company said, "We are revising our 2017 guidance upward as operating results continue to exceed earlier expectations, and we have greater certainty on results as we approach the end of the year. Our 2018 guidance range is driven primarily by LNG production scenarios at Sabine Pass and expected market pricing for LNG during 2018."
CQH

Hot Stocks

08:14 EDT Cheniere Energy Partners LP sees FY18 dividend $2.05-$2.25
CQH

Hot Stocks

08:14 EDT Cheniere Energy Partners LP narrows FY17 dividend guidance to 94c-$1.02 - Prior view was 90c-$1.10.
ETFC

Hot Stocks

08:08 EDT E-Trade reports October DARTs up 28% y/y - E*TRADE Financial Corporation released its Monthly Activity Report for October 2017. Daily Average Revenue Trades for October were 215,689, a 7% increase from September and a 28% increase from the year-ago period. Derivatives represented 31% of DARTs during the month. The company added 37,636 gross new brokerage accounts in October and ended the month with approximately 3.6M brokerage accounts, which remained flat from September. Net new brokerage assets were $0.6B in the month. During the month, customer security holdings increased by $8.4B, and brokerage-related cash increased by $0.5B to $52.8B. Customer margin balances decreased $0.1B ending the month at $8.4B. Customers were net buyers of approximately $0.1B in securities during the month.
ALBO

Hot Stocks

08:08 EDT Albireo Pharma reports Q3 EPS (73c), consensus (85c)
CVS

Hot Stocks

08:07 EDT CVS Health commits to hiring 5,000 new apprentices by 2022 - CVS Health announced it has set a goal of hiring 5,000 new apprentices by 2022. The newly established goal, which coincides with the U.S. Department of Labor's National Apprenticeship Week, reflects an expansion of the company's Registered Apprenticeship program to seven additional states, including Arizona, Hawaii, Illinois, Indiana, Iowa, Massachusetts and Pennsylvania, bringing the total number of statewide apprenticeship programs supported by CVS Health to 18.
ORMP

Hot Stocks

08:06 EDT Oramed approved to initiate exploratory study of oral insulin capsule ORMD-0801 - Oramed Pharmaceuticals announced that Israel's Ministry of Health has granted the company approval to initiate an exploratory clinical study of its oral insulin capsule ORMD-0801 in patients with nonalcoholic steatohepatitis. The proposed three-month treatment study will assess the effectiveness of ORMD-0801 in reducing liver fat content, inflammation and fibrosis in patients with NASH. Oramed plans on initiating the study in the coming month.
AMMA

Hot Stocks

08:04 EDT Alliance MMA partners with Nova Signa Business Development - Alliance MMA announced the formation of a promotional partnership with Nova Signa Business Development, a fully integrated consulting firm that specializes in sales, marketing and branding initiatives. "While Alliance MMA has continued to make positive strides in achieving our stated objective of producing at least 125 regional MMA events per year, which in turn facilitates attracting national brand sponsorships, it is equally critical that we capture significant sponsorship revenue at the local event level," said CEO Paul Danner."Towards that end, we recently redeployed Scott Viscomi as the company's Director, Event Sales & Marketing. In his new capacity, Scott is tasked with creating an independent national sales force, fortified with existing local merchant relationships, through which Alliance MMA expects to substantially increase our local event-related revenue. This vital new initiative was launched in September, and we expect to begin seeing results during the 4th quarter of this year." Beyond leading the company's independent sales force, Viscomi will also work closely with the Nova Signa team to explore additional event-centric sponsorship opportunities to bolster the Company's revenue and profitability. Steeped in the combat sports space, Nova Signa intends to identify and secure key incremental sponsorship relationships for the company's ten branded promotions across the country.
LNG

Hot Stocks

08:04 EDT Cheniere Energy sees FY18 adjusted EBITDA $1.9B-$2.1B - Sees FY18 Distributable Cash Flow $200M-$400M.
LNG

Hot Stocks

08:03 EDT Cheniere Energy revised FY17 adjusted EBITDA to $1.8B-$1.9B - Sees FY17 Distributable Cash Flow $600M-$700M.
DKS

Hot Stocks

07:41 EDT Dick's Sporting down over 6% after Q3 results, guidance - In pre-market trading, shares are down 6.5% to $24.60.
PCRX

Hot Stocks

07:40 EDT Pacira says FDA advisory committee to review sNDA for Exparel - Pacira Pharmaceuticals announced that the FDA) has notified the company that its supplemental New Drug Application, or sNDA, for Exparel as a nerve block for regional analgesia will be discussed at a meeting of the Anesthetic and Analgesic Drug Products Advisory Committee, or AADPAC. The meeting is tentatively scheduled for February 14-15, 2018. A definitive date for the advisory committee meeting is expected to be published by FDA in the Federal Register at least 15 days prior to such meeting. The Prescription Drug User Fee Act goal date for completion of review by FDA of April 6, 2018 remains unchanged.
DKS

Hot Stocks

07:39 EDT Dick's Sporting reports total inventory increased 4.1% at the end of Q3 - Total inventory increased 4.1% at the end of the third quarter of 2017 as compared to the end of the third quarter of 2016.
DKS

Hot Stocks

07:38 EDT Dick's Sporting CEO: 'Well positioned to gain additional market share' in Q4 - "In the third quarter, we delivered earnings per diluted share and comp sales at the high end of our expectations, with continued double-digit growth in eCommerce. As expected, margins were under pressure in this highly promotional environment, but our strategy for this environment enabled us to continue to capture market share," said Edward Stack, Chairman and CEO. "As we look to the fourth quarter, we are comfortable with our prior implied sales and earnings outlook, and believe we are well positioned to gain additional market share."
MYND

Hot Stocks

07:38 EDT MYnd Analytics acquires Arcadian Telepsychiatry Services - MYnd Analytics announced that it has reached an agreement to extend its service offering by acquiring Arcadian Telepsychiatry Services, LLC. Arcadian Telepsychiatry Services manages the delivery of telepsychiatry and tele-mental health services through a network of licensed and credentialed master-level therapists and psychiatrists throughout the United States. In connection with the transaction, MYnd will guarantee approximately $800,000 of loan obligations from Arcadian, the majority of which are due in 2021, purchase pre-existing warrants in Arcadia for $175,000, fund other transaction related expenses and engage Robert Plotkin as CEO of the Arcadian wholly owned subsidiary to grow the telepsychiatry business line.
DKS

Hot Stocks

07:35 EDT Dick's Sporting sees FY17 CapEx approximately $400M on a net basis - In 2017, the company anticipates capital expenditures to be approximately $400M on a net basis and approximately $515M on a gross basis. In 2016, capital expenditures were $242M on a net basis and $422M on a gross basis.
DKS

Hot Stocks

07:31 EDT Dick's Sporting raises FY17 outlook
USG

Hot Stocks

07:31 EDT USG to acquire Ceilings Plus for $52M - USG Corporation announced that it has entered into a definitive agreement to acquire Ceilings Plus, a leading manufacturer of specialty ceilings products. Upon closing, USG will pay approximately $52M in cash, on a cash-free and debt-free basis. The pending transaction, which is subject to customary closing conditions, is expected to close by the end of 2017. Ceilings Plus employs more than 150 people at two facilities in California and Georgia. Ceilings Plus is expected to generate 2017 sales in excess of $45M. Founder and president Nancy Mercolino will continue to lead the business and be based in Los Angeles.
DKS

Hot Stocks

07:31 EDT Dick's Sporting reports Q3 SSS down 0.9%
LOXO

Hot Stocks

07:30 EDT Loxo Oncology trading resumes
CAT

Hot Stocks

07:20 EDT Caterpillar reports retail machines sales up 19% in three months end October - Caterpillar reported in a regulatory filing that its total retail machines sales were up 19% on a three month rolling basis in October. For reference, retail sales of machines were up 13% in the period ending in the prior month and up 11% in the period ending in August. The company reported world Resources Industries sales up 18% in the October-end period, compared to a September period increase of 8%. Construction Industries world sales were up 20% in the October-end period, better than the 15% increase in the prior period. Total Energy & Transportation Retail Sales were up 23% in the October-end period, better than the 5% increase seen in the prior three-month period.
SMTS

Hot Stocks

07:14 EDT Sierra Metals reports mineral estimates increased for Yauricocha Mine - Sierra Metals has filed a technical report prepared in accordance with National Instrument 43-101 on the Yauricocha Mine. The Report supports the disclosure made by the Company in its news releases dated September 28 entitled "Sierra Metals Significantly Increases Mineral Resource Estimate for Yauricocha Mine, Peru." and dated October 26 entitled "Sierra Metals Significantly Increases Mineral Reserve Estimate for Yauricocha Mine, Peru." The Report included: Total Proven and Probable Contained Metal has significantly increased by 86% silver, 237% copper, 58% lead, 96% zinc, and 97% gold as compared to the previous reserve estimate; Total Measured and Indicated Contained Metal has significantly increased by 72% silver, 128% copper, 74% zinc, 64% lead and 61% gold; Total Inferred Contained Metal has significantly increased by 55% silver, 59% copper, 105% zinc, 42% lead and 83% gold; Mineral Reserves for Yauricocha are 8,917,000 tonnes averaging 48.3 g/t silver, 1.2% copper, 0.8% lead, 2.4% zinc and 0.5 g/t gold representing a 135% tonnage increase compared to the previous Reserve Estimate; Mineral Resources for Yauricocha are 13,206,000 tonnes averaging 62.3 g/t silver, 1.5% copper, 0.9% lead, 2.8% zinc and 0.6 g/t gold representing a 68% tonnage increase from the previous resource estimate.
LOXO BAYRY

Hot Stocks

07:10 EDT Loxo, Bayer announce global development partnership for LOXO-195, Larotrectinib - Loxo Oncology (LOXO) announced that it has entered into a global collaboration with Bayer (BAYRY) to develop and commercialize larotrectinib and LOXO-195, Loxo Oncology's franchise of highly selective TRK inhibitors for patients with TRK fusion cancers. Under the terms of the agreement, Loxo Oncology will receive a $400M upfront payment. Loxo Oncology is eligible for $450M in milestone payments upon larotrectinib regulatory approvals and first commercial sale events in certain major markets and an additional $200M in milestone payments upon LOXO-195 regulatory approvals and first commercial sale events in certain major markets. Loxo Oncology will lead global development activities and United States regulatory activities. Bayer will lead ex-U.S. regulatory activities, and worldwide commercial activities. Globally, Loxo Oncology and Bayer will share development costs on a 50/50 basis. In the U.S., where Loxo Oncology and Bayer will co-promote the products, the parties will share commercial costs and profits on a 50/50 basis. Bayer will pay Loxo Oncology a $25M milestone upon achieving a certain U.S. net sales threshold. Outside of the U.S., where Bayer will commercialize, Bayer will pay Loxo Oncology tiered, double-digit royalties on net sales, and sales milestones totaling $475M. Bayer will book revenues worldwide. Loxo Oncology was advised by Fenwick and West in the transaction.
UTX BDRBF

Hot Stocks

07:09 EDT Pratt & Whitney, EgyptAir: PurePower GTF selected to power Bombardier CS300 - Pratt & Whitney, a division of United Technologies Corp. (UTX), and EgyptAir announced the selection of the PurePower Geared Turbofan engine to power up to 24 Bombardier (BDRBF) CS300 aircraft. This includes 12 CS300s with purchase rights for an additional 12 aircraft. The order was announced during an event at the Dubai Airshow, which was attended by officials from EgyptAir, Bombardier and Pratt & Whitney. Deliveries are expected to begin in 2018.
ITUS

Hot Stocks

07:08 EDT ITUS executes license agreement with The Wistar Institute for CAR-T technology - ITUS announced that it has executed an exclusive worldwide license agreement with The Wistar Institute for a Chimeric Antigen Receptor T-Cell, or CAR-T, technology aimed initially at treating ovarian cancer, and eventually additional solid tumors. ITUS has formed a subsidiary, Certainty Therapeutics, to develop and commercialize the innovative CAR-T technology. The CAR-T technology, exclusively licensed to Certainty, is initially focused on ovarian cancer, with potential future applications in Prostate, Pancreatic and other cancers as well.
FDS JPM

Hot Stocks

07:06 EDT FactSet appoints Gene Fernandez as Chief Technology and Product Officer - FactSet (FDS) announced that Gene Fernandez will join FactSet as the Chief Technology and Product Officer, reporting directly to FactSet's CEO, Philip Snow. Fernandez joins FactSet from J.P. Morgan (JPM) where he was most recently the Chief Technology Officer, New Product Development. In the newly created Chief Technology and Product Officer role, Fernandez will oversee FactSet's Engineering, Product Development, and Quality Assurance functions.
BRO JPM

Hot Stocks

07:05 EDT Brown & Brown announces entry into accelerated share repurchase program - Brown & Brown (BRO) announced that it has entered into an accelerated share repurchase program with JPMorgan Chase Bank, National Association (JPM), for up to $75M of the company's common stock. The ASR is part of the company's board-approved $400M share repurchase authorization announced on July 20, 2015.
LOXO BAYRY

Hot Stocks

07:05 EDT Loxo Oncology, Bayer enter into an exclusive global collaboration - Bayer (BAYRY) announced that the company has entered into an exclusive global collaboration with Loxo Oncology (LOXO) for the development and commercialization of larotrectinib (LOXO-101) and LOXO-195. Both compounds are being investigated in global studies for the treatment of patients with cancers harboring tropomyosin receptor kinase gene fusions, which are genetic alterations across a wide range of tumors resulting in uncontrolled TRK signaling and tumor growth. Under the terms of the agreement, Loxo Oncology will receive an upfront payment of $400M and is eligible for $450M in milestone payments upon larotrectinib regulatory approvals and first commercial sale events in certain major markets and an additional $200M in milestones payments upon LOXO-195 regulatory approvals and first commercial sale events in certain major markets. Bayer and Loxo Oncology will jointly develop the two products, larotrectinib and LOXO-195, and share development costs on a 50/50 basis. Bayer will lead ex-U.S. regulatory activities, and worldwide commercial activities. In the U.S., where Bayer and Loxo Oncology will co-promote the products, the parties will share commercial costs and profits on a 50/50 basis. Loxo Oncology will remain responsible for the filing in the U.S. Bayer will pay Loxo Oncology tiered double-digit percentage royalties on future net sales outside of the U.S., and U.S. and ex-U.S. sales milestones totaling $500M.
AKER

Hot Stocks

07:04 EDT Akers Biosciences distributor secures new channel for rapid alcohol breathalyzer - Akers Biosciences announces that Accutest Solutions, a distributor of Akers Bio's BreathScan Alcohol Detector in the UK, has secured a major new channel partner for sales of the product under Accutest's own label. Akers Bio's BreathScan Alcohol Detector is a proprietary, single-use, non-mechanical device that measures the user's blood alcohol concentration in approximately 2 minutes, through a simple breath test. Accutest has informed the company that it has begun selling the product in the UK under an agreement with Today's Wholesale Services Group, a subsidiary of Today's Group.
YOGA

Hot Stocks

07:03 EDT YogaWorks acquires four premier studios in Atlanta - YogaWorks continues to expand its national footprint with the acquisition of Infinity Yoga's four Atlanta-based studios. This deal marks YogaWorks' entry into Georgia and expands the Company's portfolio to 66 locations across the country. YogaWorks remains dedicated to maintaining Infinity Yoga's programming and operations. Current teachers and staff will remain on board and Infinity Yoga's classes, workshops, teacher trainings and retreats will continue as scheduled.
AGCO

Hot Stocks

07:00 EDT Agco terminates agreement to acquire shares of Kepler Weber - AGCO announced that it has terminated the agreement dated February 9 previously entered into with the two largest shareholders of Kepler Weber S.A., PREVI - Caixa de Previdencia dos Funcionarios do Banco do Brasil and BB - Banco de Investimento S.A., to acquire their blocks of shares totaling approximately 35% of the outstanding shares. Accordingly, no tender offer will be launched for Kepler Weber S.A. shares.
LOXO

Hot Stocks

06:55 EDT Loxo Oncology trading halted, news pending
HIL

Hot Stocks

06:51 EDT Hill International CFO John Fanelli retires, Marco Martinez named interim CFO - Hill International announced the retirement of Executive Vice President and CFO John Fanelli III and the appointment of Senior Vice President and Interim CFO, Marco Martinez. Marco Martinez brings nearly two decades of financial leadership and analysis experience to Hill. Martinez most recently served as Senior Vice President and CFO for Pernix Group, a leading construction company in government, commercial, industrial and power sectors.
DSGX

Hot Stocks

06:47 EDT Descartes Systems's solution selected by Iceland Post - Descartes Systems Group and Iceland Post announced that Descartes' route planning solution is being deployed to manage delivery operations for Iceland Post as the company shifts its primary focus from mail to parcel delivery in support of the country's dramatic growth in ecommerce. Iceland Post is using Descartes' strategic route modelling capabilities to analyze territories, service levels and daily route planning processes to develop the most cost-effective delivery strategy.
ARMK

Hot Stocks

06:36 EDT Aramark raises dividend to 10.5c from 10c - The Company's Board of Directors is increasing the regular quarterly dividend to 10.5c per share of common stock. The Q1 of FY18 dividend, at the increased rate, will be payable on December 7 to stockholders of record at the close of business November 27.
CSSE

Hot Stocks

06:34 EDT Chicken Soup for the Soul appoints Elana Sofko as COO - Chicken Soup for the Soul Entertainment announced that Elana Sofko has been appointed to the new position of COO. Sofko's qualifications include worldwide experience in distribution, monetization, digital tech and products, and business and corporate development. Sofko joined CSS Entertainment in 2016 as senior vice president of business development and distribution. Sofko brings over two decades of media and entertainment experience. Prior to joining the company, Sofko focused on a range of digital business growth initiatives for World Wrestling Entertainment, including international expansion and localization of WWE's digital properties. Sofko also supported the launch and international expansion of the WWE Network, a subscription-based video over-the-top service.
BDRBF

Hot Stocks

06:34 EDT Bombardier signs LOI with EgyptAir for up to 24 CS300 aircraft - Bombardier Commercial Aircraft announced from the Dubai Airshow, that it has signed a letter of intent for up to 24 CS300 aircraft with EgyptAir Holding Company, of Cairo. This includes 12 CS300 aircraft with purchase rights for an additional 12 aircraft. Based on the list price of the CS300 airliner, a firm-order contract would be valued at approximately $1.1B. Should EgyptAir also exercise the 12 purchase rights for CS300 aircraft, the contract value would increase to nearly $2.2B.
AAP

Hot Stocks

06:34 EDT Advance Auto Parts CEO: 'We remain on track to deliver our 2017 guidance' - "We continue to take steps to build the foundation for future growth. We executed key transformational initiatives, including a complete restructure of our field operations and professional sales leadership teams. This important step in our journey sets us up well for the future. In the third quarter, we delivered improvements in cost initiatives while positioning the business for future success. We remain on track to deliver our 2017 guidance," said Tom Greco, President and CEO.
TPIV

Hot Stocks

06:33 EDT TapImmune completes patient enrollment ahead of schedule in Phase 2 study - TapImmune announced that it has enrolled the final patient in a randomized Phase 2 clinical study of its novel T-cell vaccine candidate TPIV200 for treating triple-negative breast cancer. The comprehensive four-arm study is designed to help determine the optimal vaccine dose and regimen to maximize the immune response generated against the vaccine's molecular target, folate receptor-alpha, a cancer cell biomarker that is highly correlated with disease recurrence. TapImmune and its clinical partners are evaluating TPIV200 in multiple ongoing Phase 2 trials for treating ovarian and breast cancers, including a 280-patient efficacy trial sponsored by the Mayo Clinic that is randomized, double-blind, and placebo-controlled to evaluate disease-free survival in women with advanced TNBC. This larger clinical study to evaluate efficacy is fully funded by a $13.3M grant from the U.S. Department of Defense and patient dosing is expected to begin by year end 2017. The randomized, multi-center study enrolled over 80 women with stage I-III triple-negative breast cancer who have completed initial surgery and radiation/chemotherapy, and who have not yet had a cancer recurrence. The four-arm study randomized patients to receive six monthly injections with a high dose or a low dose of TPIV 200, with or without a single treatment of cyclophosphamide prior to vaccination. Patients will continue to receive a booster vaccine every six months while they remain progression-free. The primary endpoint of the Phase 2 study is the immune response against the vaccine target, folate receptor-alpha, as measured by the presence of anti-FRa T cells
AAP

Hot Stocks

06:32 EDT Advance Auto Parts backs FY17 new stores view of 60-65 - Backs FY17 CapEx view approximately $250M; FY17 free cash flow view minimum of $300M.
AAP

Hot Stocks

06:31 EDT Advance Auto Parts backs FY17 SSS view (3%)-(1%)
AAP

Hot Stocks

06:30 EDT Advance Auto Parts reports Q3 SSS down 3.4%
RDY

Hot Stocks

06:20 EDT Dr. Reddy's launches Clofarabine Injection in the U.S. market - Dr. Reddy's Laboratories announced that it has launched Clofarabine Injection, a therapeutic equivalent generic version of Clolar, or clofarabine, Injection in the U.S. market, approved by the FDA. Dr. Reddy's Laboratories' Clofarabine Injection is available in single-dose, 20 mL flint vials containing 20 mg of clofarabine in 20 mL of solution.
HD

Hot Stocks

06:08 EDT Home Depot up 1.5% after reporting Q3 results, raising FY17 guidance
HD

Hot Stocks

06:07 EDT Home Depot CEO says underlying health of core business 'remains solid' - "Though this quarter was marked by an unprecedented number of natural disasters, including multiple hurricanes, wildfires in the West, and earthquakes in Mexico, the underlying health of our core business remains solid," said Craig Menear, chairman, CEO and president. "I am proud of our team and suppliers for their extraordinary efforts to support those in the path of the various natural disasters throughout the quarter. Our support of the impacted communities continues."
SFTBF

Hot Stocks

06:06 EDT SoftBank considering investment in Uber, no final deal has been reached - SoftBank said in a statement that "The Uber board and its shareholders, as well as the SoftBank Group side, have come to a basic agreement on a process for the SoftBank Group to make a future investment in Uber. However, while the SoftBank Group side is considering an investment in Uber, there is no final agreement at this stage. If conditions on share price and a minimum of shares are not satisfactory for the SoftBank Group side, there is a possibility the SoftBank Group may not make an investment."
HD

Hot Stocks

06:06 EDT Home Depot estimates hurricane-related sales positively impacted Q3 SSS by $282M - Home Depot estimates that hurricane-related sales positively impacted comparable store sales growth by approximately $282M in Q3. The gross margin on these hurricane-related sales was considerably less than the company average. In Q3, the company also incurred approximately $104M of hurricane-related expense. As a result of the hurricanes, the company's operating profit was negatively impacted by approximately $51M in Q3.
MCRB

Hot Stocks

06:06 EDT Seres Therapeutics, MD Anderson and Parker Institute announce collaboration - Seres Therapeutics, The University of Texas MD Anderson Cancer Center, and the Parker Institute for Cancer Immunotherapy announced a collaboration to evaluate the potential of Seres' microbiome therapies to improve the outcomes of cancer patients treated with currently-available immunotherapy. The collaborators plan to initiate a randomized, placebo-controlled clinical study at MD Anderson, sponsored by the Parker Institute, in patients with advanced metastatic melanoma. The clinical trial will evaluate the impact of an anti-PD-1 checkpoint inhibitor with adjunctive microbiome therapy on patient outcomes. Seres is developing SER-401, a preclinical stage oral microbiome therapy comprising a rationally-designed consortium of live bacteria, to improve the efficacy and safety of immunotherapy. Published studies provide preclinical and clinical evidence demonstrating that the composition of bacteria in the gastrointestinal microbiome may impact response to checkpoint inhibitor therapy.
MDLY

Hot Stocks

06:04 EDT Medley Management reports AUM $5.3B as of September 30 -
AAPL...

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06:03 EDT Apple retakes lead in werable band market in Q3, Canalys says - Apple (AAPL) retook the lead in the wearable band market in Q3 2017, with shipments of 3.9 million, Canalys says. It posted its strongest quarter so far in 2017, thanks to the release of the Apple Watch Series 3. Xiaomi and Fitbit (FIT), which shipped 3.6 million and 3.5 million wearable bands respectively, have also bucked the trend of the traditionally weaker Q3 by posting quarter-on-quarter growth. But despite the increase in smartwatch shipments, waning demand for basic bands meant the overall wearable band market fell 2% to reach 17.3 million units. "Strong demand for the LTE-enabled Apple Watch Series 3 has dispelled service providers' doubts about the cellular smartwatch not appealing to customers," said Canalys Analyst Jason Low. Despite strong shipments, the Apple Watch Series 3 did not reach its full potential in Q3. It suffered limited availability as demand outstripped supply in major markets. Service providers had underestimated demand for the new Apple Watch. According to Canalys estimates, 800,000 Apple Watch units shipped in Q3 were cellular-enabled. Samsung (SSNLF), Apple and Huawei, the top three smartphone vendors by volume in Q3 2017, have positioned smartwatches to complement their premium smartphones. "While health features continue to be the core focus, vendors are striving to increase the value of smartwatches by prioritizing design and highlighting key features," said Canalys Research Analyst Mo Jia. Vendors are expecting a stronger Q4 this year, with new smartwatches highlighting improved health-tracking features and longer battery life, on top of better and slimmer designs. Reference Link
JAKK SWK

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06:03 EDT JAKKS Pacific extends, expands licensing agreement with Stanley Black & Decker - JAKKS Pacific (JAKK) announced it has extended and expanded its licensing agreement with Stanley Black & Decker (SWK) for the popular Black & Decker and Stanley brands. JAKKS will continue its long standing partnership to exclusively manufacture, market, and distribute to all retail channels Black & Decker branded kids role-play tool toys. In addition, a new program will be introduced of Stanley branded kids products such as toy hand and power tools and toy workbenches at Walmart this holiday season. All products will be available in the U.S. and Canada.
TSM

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05:54 EDT TSMC board approves capital injection of 'not more than' $2B to TSMC Global - TSMC held a meeting of the Board of Directors, which passed the following resolutions:1. Approved capital appropriations of approximately $4,284.5 million for purposes including: 1) $1,667.5 million for construction of fab facilities; 2) $2,617 million for other purposes including: Expanding and upgrading advanced technology capacity; Expanding advanced packaging technology capacity; Expanding specialty technology capacity; Conversion of logic capacity to specialty technology; First quarter 2018 R&D capital investments and sustaining capital expenditures.2. Approved the capital injection of not more than $2 billion to TSMC Global Ltd., a wholly-owned BVI subsidiary, for the purpose of reducing foreign exchange hedging costs.
ACHV

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05:54 EDT Achieve Life Sciences announces results of bioavailability of 3mg cytisine study - Achieve Life Sciences announced results of a clinical study evaluating the effect of food on the bioavailability of 3mg cytisine. The study evaluated the bioavailability of 3 mg cytisine under fed and fasted conditions in 24 healthy volunteer subjects. Study results demonstrated bioequivalence when cytisine was administered with or without food. Cytisine was extensively absorbed after oral administration with maximum cytisine concentration levels observed in the blood within less than an hour. Total excretion levels of cytisine also remained equivalent in both the fed and fasted states. Further data from this study will be submitted for presentation at an upcoming scientific congress. Additionally, in preparation to initiate a pivotal Phase 3 program in the United States, Achieve recently began enrollment in a multi-dose, pharmacokinetic and pharmacodynamics clinical study. An assessment of PK parameters and PD effects is planned to be conducted on both the 1.5mg standard and 3.0mg higher-dose of cytisine administered over the currently indicated 25-day scheduled duration of cytisine treatment. The multi-dose PK/PD study is expected to have results within the first-quarter of 2018.
AMZN

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05:48 EDT Amazon announces Black Friday deal preview - Amazon is offering a sneak peek of its plans for Black Friday and, with deals across 30 categories, there is something for everyone this holiday. Now through Black Friday, customers will find deals on items including toys, electronics, fashion, beauty, kitchen, sporting goods, and more, in addition to Amazon Devices and products from small businesses and entrepreneurs, at amazon.com/blackfriday. Customers can expect to find incredible deals across a wide selection of top holiday products throughout the duration of the "Turkey 5" - those five popular shopping days starting at midnight PT on Thanksgiving and continuing through Cyber Monday. Black Friday will feature more than 30 Deals of the Day and thousands of Lightning Deals. Customers will find new deals every day, all season long. Discover all of the great Amazon Black Friday deals at amazon.com/blackfriday or shop anytime, anywhere with the Amazon App. Customers shopping with the Amazon App can also set Watch a Deal alerts to ensure they never miss out on a hot holiday product, and even use AR view, a new augmented reality feature, to view thousands of items in their space before they buy. Voice Shoppers can shop select Black Friday deals, starting as early as 5pm PT, Wednesday, Nov. 22 - just ask Alexa. All Amazon customers can choose from more than one hundred million items that are eligible for free shipping this holiday and all year long. This includes eligible orders of $25 or more shipped by Amazon, as well as free shipping offers from small business and entrepreneurs selling on Amazon.
BA

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05:42 EDT Boeing, Ethiopian Airlines announce order for four 777 Freighters - Boeing and Ethiopian Airlines announced an order for four Boeing 777 Freighters - the world's largest and longest-range twin-engine cargo jet - in a deal valued at more than $1.3B at list prices. The deal includes a new order for two freighters. It also includes two freighters the airline announced as a commitment in June that finalized into a firm order and posted on Boeing's Orders & Deliveries website this month.
MGIC

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05:39 EDT Magic Software reports Q3 EPS 12c, consensus 15c - Reports Q3 revenue $65.7M, consensus $62.1M.
BLDP SIEGY

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05:33 EDT Ballard Power, Siemens sign $9M multi-year development agreement - Ballard Power Systems (BLDP) announced that it has signed a Development Agreement with Siemens AG (SIEGY) for the development of a zero-emission fuel cell engine to power Siemens' Mireo light rail train. The Development Agreement has a contemplated value of approximately $9M to Ballard. Under the terms of the Development Agreement, Ballard will develop a 200 kilowatt fuel cell engine for integration into Siemens' new Mireo train platform. Mireo is a modular commuter train platform designed for speeds of up to 100 miles per hour. Thanks to lightweight design, energy-efficient components and intelligent onboard network management, the Mireo will consume up to 25% less energy than trains with similar passenger capacity. Initial deployments of the fuel cell-powered Mireo train are planned for 2021.
MDWD

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05:28 EDT MediWound ordered to purchase about $1.5M of PolyHeal shares by Tel Aviv Court - MediWound (MDWD) announced that the Tel Aviv District Court ordered that MediWound is obligated to purchases shares of three shareholders of PolyHeal for approximately $1.5M pursuant to a claim made by such PolyHeal shareholders. As previously disclosed, in 2010 MediWound entered into a series of agreements with Teva Pharmaceutical (TEVA) and PolyHeal to collaborate in the development, manufacturing and commercialization of PolyHeal's wound product. Under the 2010 series of agreements between PolyHeal and the company, PolyHeal granted us an exclusive global license to develop, manufacture and commercialize the PolyHeal Product, and the Company granted an exclusive worldwide sub-license to Teva to commercialize the PolyHeal Product. In addition, in accordance with the 2010 PolyHeal Agreements, Teva made investments in the Company's ordinary shares, agreed to fund MediWound's research and development expenses and certain manufacturing costs and perform all marketing activities for the PolyHeal Product under the 2010 PolyHeal Agreements. On November 15, 2012, the company informed Teva of the occurrence of a milestone under the 2010 PolyHeal Agreements, upon achievement of which, Teva was required to invest an additional $6.75M in exchange for the Company's ordinary shares. Following and pending such investment, the company was required to purchase, for an identical amount, ordinary shares of PolyHeal from its existing shareholders. The company has not received the milestone investment from Teva. The company believes that, under the terms of the 2010 PolyHeal Agreements, it was therefore under no obligation to purchase, and has not purchased, any additional shares of PolyHeal from its shareholders. On November 12, the Tel Aviv District Court issued its ruling accepting the plaintiffs' Claim. The Court ruled that the company is obligated to purchase PolyHeal's shares for approximately $6.75M, which represents the purchase price for the total number of shares that the buyout option agreement contemplates would be acquired by the company from the shareholders of PolyHeal. The Court ordered that the company is obligated to purchase shares in PolyHeal from the three PolyHeal shareholders that filed the Claim, on the basis of their actual share holdings in PolyHeal as of January 15, 2013, for approximately $1.5M, within 15 days from the date of the Court's ruling. The company continues to evaluate the ruling and its legal and accounting implications and the company's options, including a potential appeal.
CTXS

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05:27 EDT Citrix authorizes aggregate $2B share repurchase - Citrix Systems announced that its board has authorized the company to repurchase up to an additional $1.7B of Citrix common stock, for a total repurchase authorization in excess of $2B. Citrix reiterated its plan to return $2B of capital to shareholders by buying shares on the open market or through accelerated stock repurchase transactions through the end of 2018.
SBRA

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05:20 EDT Sabra says transactions contemplated by Genesis Exodus MOU won't impact guidance - On November 8, Sabra Health Care REIT and Genesis Healthcare entered into a memorandum of understanding, or MOU, relating to the remaining 43 facilities leased to Genesis as detailed in the Current Report on Form 8-K filed by Sabra with the SEC on November 13. The company does not expect the transactions contemplated by the Genesis Exodus MOU to impact the company's previously issued full year guidance for 2017 or 2018.