Stockwinners Market Radar for July 31, 2018 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
OMAB | Hot Stocks20:47 EDT OMA Airports provides update regarding Durango Airport accident - Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V informs that Aeromexico Connect flight 2431 from Durango to Mexico City suffered an accident on takeoff from the Durango airport today at approximately 3:47 pm. The plane was carrying 97 passengers and 4 crew members. An emergency response operation, including both internal and external resources, was immediately commenced under the direction of the airport Commander of the Civil Aviation Directorate, with the participation of the Ministry of Defense, Civil Protection, the Federal Preventive Police, the air traffic control agency, and the airport's own emergency response unit. According to federal and state authorities, there were no deaths as a result of the accident, and the injured were transported to several hospitals in Durango for treatment.
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ALLVF | Hot Stocks20:28 EDT Greenlight's Einhorn discloses new position in Altice in his quarterly letter - Einhorn says: "Ample liquidity, loose covenants, years before large bond maturities and the potential for deleveraging asset sales provide a long runway for a turnaround. There is also substantial upside from further consolidation in the sector".
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ALLVF | Hot Stocks20:28 EDT Greenlight's Einhorn discloses new position in Altice in his quarterly letter - Einhold says: "Ample liquidity, loose covenants, years before large bond maturities and the potential for deleveraging asset sales provide a long runway for a turnaround. There is also substantial upside from further consolidation in the sector".
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ALLVF | Hot Stocks20:26 EDT Greenlight's Einhorn discloses new position in Altice in his quarterly letter
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NEXA | Hot Stocks20:19 EDT Nexa Resources sets shareholder meeting to authorize 6.5M share buyback - Nexa Resources announces that the Board of Directors of the company has decided to convene a general meeting of shareholders of the Company expected to be held on September 13, 2018 for the purpose of obtaining shareholder approval to authorize the Board to establish, from time to time, share buyback programs, pursuant to which the Company, directly or indirectly through its subsidiaries, may purchase, acquire, receive or hold and sell shares of the Company listed on the New York Stock Exchange or the Toronto Stock Exchange, through normal course open market transactions. The record date of the relevant shareholders meeting is set for August 9, 2018 and its notice of meeting and proxy statements will be made available on August 10, 2018. The proposed share buyback authorization is sought for a period of three years ending on September 12, 2021 for share repurchases of up to 6.5 million common shares of the Company, representing 4.875% of the current issued and outstanding shares. As of July 30, 2018, the Company had 133,320,513 shares issued and outstanding.
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SYNA | Hot Stocks20:10 EDT Synaptics CEO says Q4 earnings will be at 'high end of prior guidance' - Following the terminated Dialog Semi acquisition talks, Synaptics CEO Rick Bergman said: "Synaptics is a global leader and technology innovator in multiple high growth markets, and interest by a number of industry players underscores the tremendous value inherent to our company... We are extremely confident in our strategic direction and excited by the significant opportunities before us. We are well-positioned to continue as a standalone growth company and will remain disciplined in generating superior long-term value for our shareholders. We expect to report earnings per share for our recently completed fourth quarter at the high end of our prior guidance and look forward to providing more detail on the fourth quarter on our earnings call scheduled for August 9, 2018."
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SYNA DLGNF | Hot Stocks20:09 EDT Synaptics confirms terminated buyout discussions with Dialog Semiconductor - Synaptics (SYNA) announced it has terminated its previously-announced discussions with Dialog Semiconductor plc (DLGNF) regarding the potential acquisition of Synaptics by Dialog. Synaptics does not intend to make any additional comments regarding the discussions at this time.
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MOH... | Hot Stocks19:07 EDT On The Fly: After Hours Movers - UP AFTER EARNINGS: Molina Healthcare (MOH) up 17.2%... Pandora (P) up 12.6%... Glu Mobile (GLUU) up 9.8%... Zendesk (ZEN) up 9.2%... Paycom (PAYC) up 8.9%... NewLink (NLNK) up 7.1%... MACOM Technology (MTSI) up 5.6%... Apple (AAPL) up 3.5%... Neurocrine Biosciences (NBIX) up 3.5%... Olin Corp (OLN) up 3.4%... McDermott Intl (MDR) up 3.3%... Coherent (COHR) up 3.1%... Verisk (VRSK) up 2.8%... DryShips (DRYS) up 2.5%... Turquoise Hill (TRQ) up 2.5%... STAG Industrial (STAG) up 1.9%... Baidu (BIDU) up 1.6%... Genworth Financial (GNW) up 1.5%... Newfield Exploration (NFX) up 1.0%. DOWN AFTER EARNINGS: Big Five Sporting Goods (BGFV) down 15.5%... Frontier Communications (FTR) down 9.2%... Cheesecake Factory (CAKE) down 9.0%... ZAGG (ZAGG) down 8.4%... Devon Energy (DVN) down 3.4%... Akamai (AKAM) down 3.0%... Anadarko Petroleum (APC) down 1.0%.
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LMT | Hot Stocks18:44 EDT Lockheed Martin awarded $171.7M government contract modification - Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Fort Worth, Texas, is being awarded a $171,705,115 cost-plus-fixed-fee modification to a previously awarded F-35 Lightning II low rate initial production Lot 11 contract. This modification authorizes the procurement of diminishing manufacturing sources redesign activities in support of the F-35 Lightning II air system. Work is expected to be completed in January 2024. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.
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GE | Hot Stocks18:42 EDT General Electric awarded $630.5M government contract - General Electric, Lynn, Massachusetts, is awarded a $630.5M firm-fixed-priced, performance-based logistics requirements type contract for repair, replacement and program support of 773 F414 engine components used on the F/A-18 E/F and EA 18G aircrafts. Work is expected to be completed by April 2022. Naval Supply Systems Command Weapon Systems Support, Philadelphia, Pennsylvania, is the contracting activity.
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CUR | Hot Stocks18:15 EDT Neuralstem announces initiation of Phase 2 trial of NSI-189 - Neuralstem announced the initiation of a Phase 2 clinical trial evaluating NSI-566, the Company's lead neural stem cell candidate, as a potential treatment for ischemic stroke. Neuralstem announced the positive topline results of Phase 1 stroke study in the 2018 ISSCR (International Society for Stem Cell Research) abstract on June 23, 2018. The trial will be taking place at Bayi Brain Hospital in Beijing, China, commencing on August 1, 2018. Managing the trial will be James Li, Ph.D., Executive Vice President of Asia Operations of Suzhou Neuralstem Ltd, a wholly owned subsidiary of Neuralstem, Inc., located in Suzhou, China. Dr. Li has been made the Manager and a Registered Agent of Suzhou Neuralstem. Neuralstem will be allocating US$3 million toward this trial.
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BIDU | Hot Stocks18:09 EDT Baidu reports Q2 Mobile revenue represented 77% of total net revenues - Compared to 72% for the second quarter of 2017. Total revenues of Baidu Core were $3.03B, increasing 28% year over year.
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BIDU | Hot Stocks18:08 EDT Baidu reports Q2 adjusted EBITDA $1.12B, or 29% of total revenues
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BIDU | Hot Stocks18:07 EDT Baidu CEO says 'We had another strong quarter in Q2' - "We had another strong quarter in Q2 with search exhibiting robust revenue growth driven by AI-powered monetization capabilities and Baidu feed continuing strong traffic and monetization momentum," said Robin Li, Chairman and CEO of Baidu. "On DuerOS, we are excited about the newly launched Xiaodu series speakers and the adoption of DuerOS, which handled over 400 million queries in June 2018, almost doubling the workload again over a three-month span. On Apollo, we worked with King Long Motor and Neolix Technology to launch two fully autonomous L4 vehicles. These strong results are testament of our ability to focus and execute on our strategy to solidify Baidu's mobile foundation and lead in AI."
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IGT | Hot Stocks17:59 EDT International Game subsidiary signs contract extension with Michigan Lottery - International Game Technology announced that its subsidiary, IGT Global Solutions has signed a 10-year contract extension with the Michigan Lottery to provide new lottery technology and ongoing services through January 2031. Under the terms of the contract extension, IGT will provide the Michigan Lottery with innovative tools from IGT's Aurora platform, such as Aurora Navigator, and several of IGT's BizApps lottery applications including Performance Wizard, Retailer Wizard, Order Wizard, and Instant Tracking Wizard which enable the Lottery to drive profitable growth.
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FB | Hot Stocks17:58 EDT Facebook to cut off API access for some inactive apps - Facebook said in a blog post that it is cutting off API access for hundreds of thousands of inactive apps that have not submitted for its app review process. "We'd encourage apps that are still being used but have not been submitted for app review to do so now," the company said. "However, to ensure all apps currently in use go through our review process, we will be proactively queueing up apps for review. Where we need more information, developers will have a limited amount of time to respond. If we don't hear back within that timeframe, we will remove the app's access to APIs that require approval. Developers will not lose their API access while their app is in the queue or while we are reviewing it - so long as they comply with our Platform Policies." Reference Link
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CAKE | Hot Stocks17:51 EDT Cheesecake Factory says international sales remain consistent - Says there is a number of ongoing litigations. Says labor is an incremental pressure. Says executing exclusive agreement with DoorDash. Says DoorDash brings marketing leverage. Says no plans to change tip sharing. Says immaterial amount of seafood could be affected by tariffs.
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BGFV | Hot Stocks17:47 EDT Big 5 Sporting dives over 17% after quarterly report - Gross profit for the fiscal 2018 second quarter was $75.3M, compared to $79.3M in the second quarter of the prior year. The company's gross profit margin was 31.4% in the fiscal 2018 second quarter versus 32.5% in the second quarter of the prior year, primarily reflecting higher distribution and store occupancy expenses as a percentage of net sales, partially offset by an increase in merchandise margins of 42 basis points."While our sales comped positively for the first half of the quarter, sales softened significantly over the back half of the period, which led to results that were below our expectations," said Steven G. Miller, the Company's Chairman, President and Chief Executive Officer. "Much of the softness resulted from weak sales of camping and water sports products, which were negatively impacted by unfavorable weather conditions in key markets around the high-volume selling periods of Memorial Day, Father's Day and the start of summer. Although our sales results were challenged, our merchandise margins improved 42 basis points for the quarter, on top of the 37 basis-point margin improvement that we achieved in the second quarter of last year."Mr. Miller continued, "For the third quarter to date, our sales are comping positively in the low single-digit range as our summer product categories have responded well to improved weather conditions in our markets. We believe our merchandise assortment is well positioned for the balance of the summer and the back-to-school and fall sports seasons." Shares are down 17% in after-hours trading to $5.35 per share.
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AAPL | Hot Stocks17:41 EDT Apple CEO says tariffs end up as a 'tax on the consumer' - Says tariffs "not the approach" to fixing trade relations.
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NBR | Hot Stocks17:41 EDT Nabors Industries reports Q2 adjusted EBITDA $188M vs. $168M last year - During the second quarter, the Company averaged 215 rigs operating at an average gross margin of $12,262 per rig day. This compares to 228 rigs at $11,470 per rig day in the first quarter. The reduction in rig count primarily reflects reduced seasonal activity in Canada. CEO Anthony Petrello says: "Our results should continue to improve. We are optimistic that demand in our global markets will continue to strengthen. In the near term, Lower-48 pricing continues to increase. We expect to add rigs to our global fleet by year end, in addition to the seasonal recovery in Canada. Our integration and automation initiatives should continue to drive growth in our Nabors Drilling Solutions and Rig Technologies Segments."
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AAPL | Hot Stocks17:27 EDT Apple says iPad revenues down due to new models in 3Q17 - Says company grew in each of top 15 markets. Says saw strong performance in Russia, Africa, and the Middle East in Q3.
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PTX | Hot Stocks17:27 EDT Pernix Therapeutics announces 'successful closing' of contrave transaction - Pernix Therapeutics Holdings announced the closing of a transaction in which Nalpropion Pharmaceuticals, a special purpose vehicle, has acquired certain assets of Orexigen Therapeutics, including worldwide rights to Contrave, a market-leading, prescription-only weight loss medication. Nalpropion's investors are comprised of Pernix and funds managed by two leading investment management firms, Highbridge Capital Management and Whitebox Advisors. Per terms of the transaction, Pernix will assume responsibility for the distribution of Contrave in the United States and manage Nalpropion for an initial term of two years."We are excited that Nalpropion prevailed in the auction and has now closed the transaction. We believe that our participation in the SPV provides an attractive opportunity to leverage our current commercial and corporate infrastructure and, as a result, has the potential to create significant value for our shareholders. Contrave(R) is the #1 prescribed weight loss brand in the U.S., having generated more than 2.5 million prescriptions since launch in the third quarter of 2014, and delivered over 20% total prescription growth in 2017," said John Sedor, Chairman and Chief Executive Officer of Pernix. "In the near term, Pernix will recognize immediate benefits in the form of a management fee and reimbursement for shared services."Going forward, under the terms of the transaction, Pernix will receive a management fee equal to 5% of Nalpropion's net sales and reimbursement of certain shared services expenses at cost in exchange for assuming responsibility for product distribution in the United States and managing Nalpropion for an initial term of two years. In addition, Pernix will receive two purchase options to acquire up to 49.9% and 100% of Nalpropion at specified time periods and purchase prices.
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P | Hot Stocks17:23 EDT Pandora extending gains following Q3 revenue guidance, up over 10% afterhours
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CNSL | Hot Stocks17:21 EDT Consolidated Communications completes divestiture of Virginia properties - Consolidated Communications Holdings announced it has completed the sale of its Virginia properties, Peoples Mutual Telephone Company and Peoples Mutual Long Distance Company, to RiverStreet Management Services, dba RiverStreet Networks, a subsidiary of Wilkes Communications. The divestiture allows the Company to continue to focus on its core regions and integration projects.The company's Virginia operations contributed approximately $6.3 million of revenue in fiscal 2017. The sale was a cash transaction valued at approximately $21 million, subject to certain contractual adjustments. The closing occurred on July 31st following receipt of all required regulatory approvals.Charlesmead Advisors, served as exclusive financial advisor to Consolidated Communications on the transaction.
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AAPL | Hot Stocks17:19 EDT Apple says Mac App Store getting full redesign this fall - Says Mac App Store getting full redesign this fall. Says company in position to provide best AR experience. Says iOS/Mac app merger to expand Mac platform.
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P | Hot Stocks17:18 EDT Pandora expects gross margins to increase in the future - Q2 gross margins fell to 33% from 37%.
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NXEO | Hot Stocks17:18 EDT Nexeo Solutions introduces new methylene chloride free startex paint strippers - Nexeo Solutions announced the availability of methylene chloride free alternatives in their Startex brand of paint strippers. The new products represent a continued effort by the Company to find solutions that meet the challenges faced by customers and end users. With a commitment to providing quality raw materials and consumer-friendly products, Nexeo Solutions has reformulated its Startex Liquid Paint Stripper and Semi-Paste Paint Stripper products with ingredients without methylene chloride. "As a market leader, it is our responsibility to provide innovative products to customers. We have been working on these alternative formulations for the past two years, and. I am proud to say that we have delivered a high-performing, methylene chloride free option to current products on the market," said Jason Sanchez, Business Director Co-Pack. "At Nexeo Solutions, we are excited that our Startex product line can help set the standard for methylene chloride free paint stripper products."
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TBK... | Hot Stocks17:17 EDT Triumph Bancorp to replace Abaxis in S&P 600 at open on 8/6 - S&P 500 constituent Zoetis (ZTS) is acquiring Abaxis (ABAX) in a deal expected to be completed soon pending final conditions.
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GNW | Hot Stocks17:17 EDT Genworth says making progress in Oceanwide transaction - The company states: "Genworth and Oceanwide continue to work towards closing their previously announced proposed transaction as quickly as possible. During the quarter, CFIUS completed its review of the proposed transaction and concluded that there are no unresolved national security concerns. In connection with the CFIUS review of the proposed transaction, Genworth and Oceanwide entered into a mitigation agreement which, among other things, requires Genworth to use a U.S.-based, third-party service provider to manage and protect the personal data of Genworth's U.S. policyholders. As previously announced, the parties are seeking approval of the transaction without unstacking Genworth Life and Annuity Insurance Company from Genworth Life Insurance Company, and Genworth's debt obligations due May 2018 were redeemed with the proceeds from a term loan and cash on hand. As a result, Oceanwide and Genworth are developing a new capital investment plan whereby Oceanwide would contribute an aggregate of $1.5 billion to Genworth over time following the closing of the transaction. The contribution would be used to further improve Genworth's financial stability, which may include retiring Genworth's debt due in 2020 and 2021 or enabling future growth opportunities. Given these updates to the proposed transaction, Genworth and Oceanwide continue to provide regulators with updated information to facilitate their review of the transaction. The parties therefore entered into a fifth waiver and agreement on June 28, 2018, extending the deadline of each party's right to terminate the previously announced transaction to August 15, 2018. "
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P | Hot Stocks17:15 EDT Pandora added 351K new subscribers in Q2, more than double from last quarter - Encouraged by the enthusiasm from marketers in ad monetization. Seeing higher propensity among Premium Access users to upgrade. Expect the Family Plan to be a strong growth contributor.
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AAPL | Hot Stocks17:14 EDT Apple says over 4M users participating in new OS beta programs - Says has over 4M users participating in new OS beta programs. Says iOS 12 will include Siri taking a "major step forward" with Siri Shortcuts. Says Wearables segment surpassed $10B over past four quarters.
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WTFC | Hot Stocks17:13 EDT Wintrust unit to acquire certain assets, liabilities of American Enterprise Bank - Wintrust Financial announced that its subsidiary Northbrook Bank & Trust Company has signed a definitive agreement to acquire certain assets and assume certain liabilities of American Enterprise Bank which is headquartered in Buffalo Grove, Illinois, with additional branch offices located in Highland Park and Schaumburg, Illinois. As of June 30, 2018, AEB had approximately $200M in assets, including approximately $151M in loans and approximately $157M in deposits. The terms of the transaction are not being disclosed at this time. The assets to be acquired include substantially all of AEB's loans, investment securities and customer deposits at closing, as well as specified OREO properties. Excluded assets and liabilities include real property owned by AEB. Subject to approval by banking regulators and AEB's stockholders and certain closing conditions, the transaction is expected to close late in the fourth quarter of 2018, and is not expected to have a material effect on Wintrust's 2018 earnings per share.
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HBM | Hot Stocks17:13 EDT Hudbay Minerals on track to meet production and capital expenditure guidance - Hudbay is on track to meet production and capital expenditure guidance expectations, as well as Peru unit cost guidance. As a result of a number of factors, including cold weather in the first quarter, higher costs at the 777 mine and the impact of a fan outage at the Lalor mine, Hudbay expects Manitoba combined mine/mill unit operating costs to be between C$125 and C$135 per tonne in 2018.
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MGRC | Hot Stocks17:11 EDT McGrath RentCorp backs FY18 operating profit view increase of 11%-15%
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ENPH | Hot Stocks17:11 EDT Enphase Energy drops 6% after reporting quarterly results, guidance - Shares of Enphase Energy are down 5.88% or 35c to $5.60 per share in after-hours trading.
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AAPL | Hot Stocks17:10 EDT Apple says on track to double 2016 revenues by 2021 - Says "extremely proud" of results. Says on track to double 2016 revenues by 2021. Says has 300M paid subscriptions, up 60%. Says Apple Watch delivered "record" quarterly performance. Comments taken from Q3 earnings conference call.
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P | Hot Stocks17:08 EDT Pandora says making progress in onboarding new users and reducing churn - Plan to be more opportunistic on the marketing side. Comments taken from Q2 earnings conference call.
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CPS | Hot Stocks17:03 EDT Cooper-Standard cuts FY18 adjusted EBITDA margin to 12.7%-13% from 12.7%-13.3% - Narrows FY18 CapEx as a percentage of sales view to 5.7%-5.9% from 5.5%-5.9%. Lowers effective tax rate to 18%-22% from 20%-24%.
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BXP | Hot Stocks17:03 EDT Boston Properties discloses The Hub on Causeway is more than 75% leased - Delaware North and Boston Properties announced that with the signing of a lease with Verizon for 440,000 square feet of space, The Hub on Causeway project is more than 75% leased. The Hub on Causeway is a joint-venture development of Delaware North and Boston Properties, and consists of more than 1.5 million square feet of mixed-use retail, office, hotel, and residential space, as well as an expansion of TD Garden. This transit-oriented development is a significant investment that will bring substantial improvements to North Station, will create major economic impact for the area and enhance the vitality of this important district in the City of Boston. The Hub on Causeway is being constructed in three phases. Completion of Phase I, which includes TD Garden's grand entrance, new entry for North Station and additional commuter conveniences, is set for October 2018. The retail, office space and amenities located within The Hub are planned to open in late 2019. Phase II, which includes the hotel and residential spaces, will be completed in late 2019. Verizon's commitment to the project kicks off the final phase, featuring a 31-story office tower, the tallest in Boston in more than two decades, which will be completed in mid-2021.
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FUL | Hot Stocks17:01 EDT H.B. Fuller raises N. America polymer and adhesives prices - H.B. Fuller announced that, effective September 4, 2018, or as contracts allow, H.B. Fuller North America will implement price increases for all polymer and water-based adhesives product categories. Increases will be between 7% and 12%. These increases will affect products in the company's packaging, durable assembly, construction and paper converting segments. The past 12 months have seen continued increases in raw material feedstock, logistic and labor costs. Raw material inflationary pressure exists globally due to tight supply in a robust demand environment. In North America, the added impact of truck shortages and low unemployment also is affecting costs.
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MDR | Hot Stocks17:00 EDT McDermott awarded sizeable contract by PEMEX - McDermott International announced a sizeable contract award by PEMEX Exploracion y Produccion for subsea pipeline flowline installation in support of its Ayatsil field, located 50 miles northwest of Ciudad del Carmen in the Bay of Campeche offshore Mexico. The scope of work includes design and detailed engineering, procurement, construction and installation of two subsea pipelines.
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MDR | Hot Stocks16:59 EDT McDermott to convert Amazon into ultra-deepwater J-Lay vessel - McDermott International announced its modification plans to convert the Amazon to an ultra-deepwater J-Lay vessel. The Amazon will be capable of installing hex-joints up to 24 inches in diameter on a worldwide basis. The Amazon is operated by McDermott under a long-term bareboat charter that started in 2017.
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APTS | Hot Stocks16:56 EDT Preferred Apartment acquires 'Class A' office property in North Carolina - Preferred Apartment Communities announced that it acquired Wells Fargo Capitol Center, a 559,591 square foot office building in the Central Business District of Raleigh, North Carolina. The 29-story tower is located at 150 Fayetteville Street and is leased to a diverse mix of high quality tenants representing financial services, law, technology, government and other industries. This acquisition increases the size of the company's office portfolio to six assets totaling approximately 2.1M square feet.
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PLNT | Hot Stocks16:55 EDT Planet Fitness names Roger Chacko as Chief Commercial Officer - Planet Fitness announced that Roger Chacko has been appointed Chief Commercial Officer effective immediately. In this newly created position, Chacko will be responsible for overseeing the company's demand generation functions such as marketing, branding, public relations and communications, sales and corporate partnerships, channel management, corporate strategy, analytics, and consumer research. He will report directly to Chris Rondeau, CEO of Planet Fitness.
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AMGN | Hot Stocks16:53 EDT Amgen breaks ground on new biomanufacturing plant in Rhode Island - Amgen announced the groundbreaking of its new next-generation biomanufacturing plant that will be constructed at its West Greenwich, R.I. campus. The new plant is the first-of-its-kind in the U.S. and will use Amgen's proven next-generation biomanufacturing capabilities to manufacture products for the U.S. and global markets. Amgen expects to invest up to $200M in the approximately 120,000 square foot next-generation manufacturing plant in Rhode Island. This plant is anticipated to create approximately 150 additional highly-skilled manufacturing positions.
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GBX | Hot Stocks16:50 EDT Gunderson Marine,Overseas Shipholding Group announce major new vessel build - Gunderson Marine, a wholly-owned subsidiary of The Greenbrier Companies, announced today that it has signed a binding contract with Overseas Shipholding Group, a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, for the construction of one 204,000 barrel capacity oil and chemical tank barge for dual mode ITB service pursuant to U.S. Coast Guard NVIC 2-81, Change 1, for anticipated delivery to OSG during the second quarter of calendar 2020. This barge will be constructed at Gunderson's Portland, Oregon building facilities and will be built to comply with MARPOL Annex VI Regulation 13 Tier III standards regarding nitrogen oxide emissions within emission control areas. The state-of-the-art 581' tank barge is among the largest in the history of Gunderson Marine, with origins on the Willamette River in Portland dating to 1919. OSG intends that the vessel, following delivery, will be registered under the U.S. Flag with a coastwise endorsement, allowing it to be employed in Jones Act trades. The barge will be constructed to pair with existing tugs within OSG's current fleet for operation as an articulated tug barge or ATB unit. The agreement with Gunderson Marine also provides OSG with an option to construct a second sister barge which would have a scheduled delivery date during the 4th quarter of calendar 2020.
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QUAD | Hot Stocks16:49 EDT Quad/Graphics authorizes new $100M stock buyback program
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HVT | Hot Stocks16:46 EDT Haverty Furniture reports Q2 comparable store sales increased 1.3%
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EBS | Hot Stocks16:43 EDT Emergent BioSolutions initiates Phase 1 clinical study of anti-Zika drug - Emergent BioSolutions announced the initiation of a Phase 1 clinical study to evaluate the safety and pharmacokinetics of ZIKV-IG, the company's anti-Zika virus immune globulin, being developed as a therapeutic intervention against Zika virus disease. ZIKV-IG was granted Fast Track designation by the FDA in December 2017. This Phase 1 double-blind, randomized, placebo-controlled clinical study will enroll approximately 30 healthy volunteers at a single site.
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DEI | Hot Stocks16:43 EDT Douglas Emmett reports Q2 Same property NOI up 5.3% from last year
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RDC | Hot Stocks16:42 EDT Rowan Companies: ARO Drilling awarded drilling contracts from Saudi Aramco - Rowan Companies announced that ARO Drilling was awarded six three-year contracts by Saudi Aramco for Rowan jack-up rigs currently operating in Saudi Arabia. These new contracts will commence upon completion of the rigs' existing contracts later this year.
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DTEA | Hot Stocks16:40 EDT DAVIDsTEA says Highland lawsuit 'without merit' - DAVIDsTEA announced that three Highland limited partnerships, which together own 12.8% of the outstanding shares of DAVIDsTEA, have instituted a lawsuit against Rainy Day Investments Ltd. and Herschel Segal before the Quebec Superior Court, Commercial Division. RDI owns approximately 46.4% of the issued and outstanding shares of DAVIDsTEA and is controlled by Herschel Segal, executive chairman and interim CEO of DAVIDsTEA. The lawsuit names DAVIDsTEA and its individual directors as third parties but does not name them as defendants. The lawsuit seeks a variety of orders from the Quebec Superior Court, including an order prohibiting Herschel Segal from serving as a director or chairman of DAVIDsTEA, an order calling a special meeting of shareholders for the purpose of electing a new board, and "subsidiarily", an order to revoke the current board of DAVIDsTEA and replace it with a new board named by the court, with a proposed list of directors to be provided by Highland to the Court "in due course". The lawsuit also seeks an order compelling RDI to vote its shares of DAVIDsTEA in accordance with a settlement agreement entered into by RDI and the three Highland limited partnerships in August 2013, while DAVIDsTEA was a private company, and which was subsequently cancelled. DAVIDsTEA considers that the Highland lawsuit is entirely without merit and is replete with old, baseless allegations. To the extent necessary, DAVIDsTEA will vigorously defend against the lawsuit and, more specifically, against orders which may affect the right of DAVIDsTEA's shareholders to elect directors or the right and responsibility of its directors to appoint management. At this time, DAVIDsTEA cannot predict in what year the lawsuit will be heard by the Quebec Superior Court.
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NFX | Hot Stocks16:38 EDT Newfield Exploration raises investment expectations to $1.35B from $1.3B - Newfield increased it's expectations for annual production volumes and capital investments in 2018. Newfield now expects to invest approximately $1.35B in 2018, from previous guidance of $1.3B, excluding capitalized interest overhead costs of about $114M. The increase in estimated capital investments for 2018 is primarily related to greater participation in projects operated by others as well as increased working interest levels in its operated developments year-to-date.
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RIG | Hot Stocks16:37 EDT Transocean announces one-year extension for Henry Goodrich - Transocean announced that the harsh environment semisubmersible Henry Goodrich was awarded a one-year contract extension offshore Eastern Canada with Husky Oil Operations Limited. The estimated contract backlog, excluding bonus opportunities, is approximately $100M. The contract is expected to commence in Q4.
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KYN KED | Hot Stocks16:36 EDT Kayne Anderson anounces stockholder approval of merger - KA Fund Advisors , which serves as the adviser to Kayne Anderson MLP/Midstream Investment Company (KYN) and Kayne Anderson Energy Development Company (KED), announced that the proposal to merge KED with and into KYN has been approved by KED stockholders. The Merger is expected to close on August 6, 2018.KYN will be the surviving company, and KED stockholders will receive shares of KYN at an exchange ratio based on each company's relative net asset value per share as of August 3, 2018. "We are very pleased with today's results and want to thank all of our KED stockholders that took the time to vote on this important matter," said Kevin McCarthy, the Company's Chairman and CEO. "We expect stockholders of the combined company to benefit from operating cost savings, enhanced market liquidity and greater financial flexibility."
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AAPL | Hot Stocks16:36 EDT Apple shares jump 2% to $194.46 following Q3 results
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EMES | Hot Stocks16:36 EDT Emerge Energy announces new terminal opening in Utah - Superior Silica Sands, a subsidiary of Emerge Energy Services LP, announced that it has signed an agreement with Price River Terminal to access its existing multi-commodity terminal in Wellington, Utah for frac sand handling. Including this new terminal, Emerge Energy will have 13 total active terminals across North America.
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AAPL | Hot Stocks16:36 EDT Apple declares quarterly dividend of 73c - Apple's board of directors declared a cash dividend of 73c per share of the company's common stock. The dividend is payable on August 16, to shareholders of record as of the close of business on August 13.
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UHS | Hot Stocks16:35 EDT Universal Health acquires The Danshell Group, terms not disclosed - Universal Health Services announced that, through its UK subsidiary Cygnet Health Care, it has acquired The Danshell Group. Danshell owns and operates 25 facilities with a total of 288 beds in the United Kingdom. Cygnet Health Care will operate and manage these new facilities. The Danshell facilities support and care for adults living with learning disabilities, who may also have a diagnosis of autism, in specialist supported living, residential services and hospitals. Through this acquisition, the company expands into new service lines and new geographical areas, complementary to the existing UK portfolio.
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DOCU | Hot Stocks16:35 EDT DocuSign signs agreement to acquire SpringCM for $220M - DocuSign announced that it has signed a definitive agreement to acquire SpringCM, a leading cloud-based document generation and contract lifecycle management software company based in Chicago. Under the terms of the agreement, DocuSign will acquire SpringCM for approximately $220M in cash. Subject to customary closing conditions, including U.S. regulatory approval, the acquisition is expected to close in the third quarter of DocuSign's fiscal year
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AAPL | Hot Stocks16:35 EDT Apple CEO says 'strong' sales of iPhone, Services and Wearables drove Q3 - Apple CEO Tim Cook said in today's earnings release, "We're thrilled to report Apple's best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth. Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline." Luca Maestri, Apple's CFO, added, "Our strong business performance drove revenue growth in each of our geographic segments, net income of $11.5 billion, and operating cash flow of $14.5 billion. We returned almost $25 billion to investors through our capital return program during the quarter, including $20 billion in share repurchases."
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HCLP | Hot Stocks16:34 EDT Hi-Crush Partners sees Q3 sales volume up to 3M-3.2M tons
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JHG | Hot Stocks16:34 EDT Janus Henderson names Dick Weil CEO - While not an easy decision, due to having two highly qualified candidates, the CEO decision was based on a very rigorous process over several months, supported by expert advice from external consultants, Janus Henderson said. This decision was made with the full support of the Board, and the Board believes Dick is most appropriate to take Janus Henderson to the next level. "Now that our integration plans are significantly progressed, our Board has determined that the co-CEO structure has achieved its goals, and now is the appropriate time for Janus Henderson to be led once again by a sole CEO. Dick brings a breadth of skills and experience from prior roles in his career where he successfully led organizations through challenge and change", said Richard Gillingwater, Chairman of the Janus Henderson Group plc Board.
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AAPL | Hot Stocks16:33 EDT Apple reports Q3 iPhone revenue $29.91B vs. $24.85B last year - Reports iPad revenue $4.74B vs. $4.97B last year. Reports Mac revenue $5.33B vs. $5.59B last year. Reports Services revenue $9.55B vs. $7.27B last year. Reports Other Products revenue $3.74B vs. $2.74B last year.
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TXMD | Hot Stocks16:32 EDT TherapeuticsMD announces strategic partnership with Knight Therapeutics - Knight Therapeutics, a Canadian specialty pharmaceutical company, and TherapeuticsMD announced that they have entered into a licensing agreement that grants Knight the rights to commercialize TX-004HR and TX-001HR in Canada and Israel. TX-004HR is TherapeuticsMD's FDA-approved product, marketed as Imvexxy in the U.S., for the treatment of moderate-to-severe dyspareunia, a symptom of vulvar and vaginal atrophy , due to menopause. TX-001HR is TherapeuticsMD's investigational bio-identical hormone therapy combination of estradiol and progesterone in a single, oral softgel for the treatment of moderate-to-severe vasomotor symptoms due to menopause. According to the Society of Obstetricians and Gynaecologists of Canada, vasomotor symptoms affect 60%-80% of women entering menopause1 and it is estimated that 50% of postmenopausal women suffer from VVA2. Under the terms of the licensing agreement, Knight will pay TherapeuticsMD a milestone fee upon first regulatory approval in Canada of each of TX-004HR and TX-001HR, sales milestone fees based upon certain aggregate annual sales in Canada and Israel of each of TX-004HR and TX-001HR and royalties based on aggregate annual sales of each of TX-004HR and TX-001HR in Canada and Israel. Knight will be responsible for all regulatory and commercial activities in Canada and Israel related to TX-004HR and TX-001HR. In connection with the licensing agreement, Knight has agreed to invest $20 million in TherapeuticsMD common stock concurrently with closing of the first public offering of TherapeuticsMD common stock to occur within sixty days following the date of the licensing agreement at a price per share equal to the price to the public in such offering. If TherapeuticsMD does not close such an offering then, instead of an investment in TherapeuticsMD common stock, Knight will pay TherapeuticsMD a previously negotiated upfront licensing fee.
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AAPL | Hot Stocks16:32 EDT Apple reports Q3 iPhone units 41.3M vs. 41.03M last year - Reports iPad units 11.55M vs. 11..42M last year. Reports Mac units 3.72M vs. 4.29M last year.
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DOX | Hot Stocks16:31 EDT Amdocs CEO Eli Gelman to retire at year end - Amdocs Limited announced that Eli Gelman, President and CEO of Amdocs Management Limited, has decided to retire at the end of FY18 and will be replaced by Shuky Sheffer, a senior VP and President of Global Business Group of Amdocs Management Limited. Gelman will continue to serve as a member of the board of Amdocs Limited.
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WU | Hot Stocks16:28 EDT Western Union expands network with nationwide Albertsons deal - Western Union Company is strengthening its presence across the US, after signing a deal with Albertsons Companies, one of the largest food and drug retailers in the country. The agreement will enable consumer access to international and domestic money transfer and money order services, as well as bill payment services at Albertsons Cos. locations-operating under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs. Consumers will also have the option to start a money transfer transaction on the Western Union mobile app, and then pay in cash at any Albertsons Cos. store to complete it, offering additional speed, convenience, and the ability to track the transaction through the app. Consumers may also opt to have their receivers pick up their money in cash at one of Western Union's more than 550,000 global retail Agent locations or pay out to bank accounts or mobile wallets, where available. The agreement with Albertsons Cos. also extends Western Union's 30-year relationship with Safeway, which merged with Albertsons in 2015.
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STAG | Hot Stocks16:28 EDT STAG Industrial generated Cash NOI of $67.6M, up 16.5% vs last year
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AMED | Hot Stocks16:25 EDT Amedisys to acquire Bring Care Home - Amedisys announced that its subsidiary, Associated Home Care, has signed a definitive agreement to acquire Bring Care Home, a personal care provider in northeastern Massachusetts. Under the terms of the agreement, Associated Home Care will acquire substantially all assets of Bring Care Home.
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TXMD | Hot Stocks16:24 EDT TherapeuticsMD launches investigational segesterone contraception system - TherapeuticsM announced that it has entered into an exclusive license agreement with the Population Council to commercialize its investigational segesterone acetate/ ethinyl estradiol one-year vaginal system for contraception in the United States. The one-year vaginal contraceptive system is in the shape of a ring and combines a novel progestin, segesterone acetate, with a widely used estrogen to prevent ovulation for an entire year (13 cycles). The New Drug Application for the one-year vaginal contraceptive system is currently under review by the U.S. Food and Drug Administration with a Prescription Drug User Fee Act target action date for the completion of the FDA's review of the NDA of August 17, 2018. If approved, the product would be the first and only procedure-free, reversible prescription contraceptive to provide a full year of protection against unintended pregnancy while fully under a woman's control. TherapeuticsMD intends to leverage its existing infrastructure to commercialize the one-year vaginal contraceptive system together with the company's recently-approved Imvexxy and its TX-001HR product candidate, if approved. Under the terms of the agreement, TherapeuticsMD will pay the Population Council milestone payments of $20 million upon FDA approval of the one-year vaginal contraceptive system and $20 million upon release of the first commercial batch of the product. The Population Council is also eligible to receive milestone payments and royalties from commercial sales of the one year vaginal contraceptive system. The Population Council will reinvest all proceeds from the agreement into continued research and development programs.
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CHRW | Hot Stocks16:21 EDT C.H. Robinson sees current freight market fundamentals in place for rest of year - "While we did see a slight moderation in the rate of increase of both price to customers and cost to carriers in our North America truckload business this quarter, both price and cost increased sequentially for the fifth consecutive quarter. We believe that the current freight market fundamentals will remain in place for the remainder of the year. With a healthy economy, demand for freight will remain strong. We will leverage our digital transformation to provide our people with an expanding set of insights and capabilities to increase the value of the supply chain expertise we deliver to our customers and carriers. We will remain focused on operating cost efficiency, driving higher levels of service execution for our employees and increasing returns to our shareholders," said CEO John Wiehoff.
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CAKE | Hot Stocks16:19 EDT Cheesecake Factory now expects to open as many as six restaurants in FY18 - Cheesecake Factory now expects to open as many as six restaurants in fiscal 2018, including one Grand Lux Cafe, scheduled to open in August 2018, as well as the first location of Social Monk Asian Kitchen, a fast casual concept under development and expected to open in the fourth quarter of 2018. In addition, the company now expects three restaurants to open internationally under licensing agreements in fiscal 2018. This includes the second location in Saudi Arabia, which opened in April.
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CAKE | Hot Stocks16:19 EDT Cheesecake Factory boosts quarterly dividend by 14% to 33c - Cheesecake Factory said its board declared a quarterly cash dividend of 33c per share on the company's common stock a 14% increase from the previous dividend of 29c. The dividend is payable on August 28 to shareholders of record at the close of business on August 15.
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OKE | Hot Stocks16:19 EDT Oneok raises FY18 adjusted EBITDA view to $2.35B from $2.315B - ONEOK increases its 2018 net income guidance midpoint to $1.085B from $1.055B.
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ZAGG | Hot Stocks16:17 EDT Zagg down over 6% after reporting Q2 earnings, FY18 guidance
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MN | Hot Stocks16:16 EDT Manning & Napier reports AUM June 30 $22.8B compared to $23.4B at March 31 -
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NLNK | Hot Stocks16:14 EDT NewLink Genetics provides revised cash guidance due to restructuring - The company anticipates its current cash runway to extend into the second half of 2021, excluding any additional financings, proceeds from strategic alliances, the potential receipt of the priority review voucher, or expenditures related to external opportunities. The Company expects to use approximately $10 million per quarter after completing the restructuring.
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GLUU | Hot Stocks16:14 EDT Glu Mobile raises FY18 bookings view to $374M-$378M from $360M-$370M
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GLUU | Hot Stocks16:13 EDT Glu Mobile sees Q3 bookings $94M-$96M
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NLNK | Hot Stocks16:13 EDT NewLink Genetics announces organizational changes - The company has completed an organizational realignment that will support these clinical development efforts within its current financial capacity, substantially cut future expenses, and extend its cash runway into the second half of 2021.The organizational changes include a reduction in headcount of approximately 30%, and include the following changes to senior leadership, effective immediately:Jack Henneman has been appointed Chief Administrative Officer for a transition period to end with his retirement from NewLink in November 2018;Carl Langren has been promoted to Chief Financial Officer; Lori Lawley has been promoted to Vice President, Finance and Controller; Brad Powers has been promoted to General Counsel;
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MYGN | Hot Stocks16:12 EDT Myriad Genetics completes Counsyl acquisition - Myriad Genetics announced that it has completed the acquisition of Counsyl, a leader in reproductive genetic testing based in South San Francisco, California. Myriad will fund the acquisition with a combination of cash, Myriad Genetics common stock and funds from the company's revolving credit facility.
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ROG | Hot Stocks16:12 EDT Rogers Corporation backs FY18 CapEx view $50M-$60M
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NLNK | Hot Stocks16:11 EDT NewLink Genetics updates clinical programs - In early April, the Company announced a review of its clinical programs involving its lead immuno-oncology candidate, indoximod. This extensive review included an evaluation of available data from clinical trials sponsored by other companies, potential combination therapies with indoximod, and unmet medical need. Based on these key criteria, NewLink Genetics has focused its indoximod clinical programs on recurrent pediatric brain tumors, front-line treatment of diffuse intrinsic pontine glioma, and front-line treatment of acute myeloid leukemia. In addition, the company will continue to advance NLG802, the prodrug of indoximod with significantly higher pharmacokinetic exposure seen in preclinical research."Indoximod's unique mechanism of action has shown promising activity against multiple cancers and in combination with checkpoint inhibitors, radiation, chemotherapy, and vaccines," said Dr. Charles J. Link, Jr., MD, Chairman and Chief Executive Officer. "We intend to focus on near-term opportunities where additional data can validate the importance of indoximod in areas of high unmet need."
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DOX AMZN | Hot Stocks16:11 EDT Amdocs announces collaboration with Amazon Web Services - Amdocs (DOX) announced its collaboration with Amazon (AMZN) Web Services in enabling Globe Telecom, one of the Philippines' largest telecommunications providers, to deliver cloud-based intelligent omnichannel routing and interactions management. This collaboration aims to bring digital engagement to life, delivering effortless experience across all Globe Telecom touchpoints including web, portal, self-service and mobile applications, social media and messaging platforms, hotline, as well as email. Amdocs recently signed a multi-year service agreement with Globe to assist the telecommunications company in modernizing its IT operations for several lines of businesses, including prepaid and postpaid mobile services, fixed-line broadband, and enterprise services.
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NBIX | Hot Stocks16:10 EDT Neurocrine reports assets of $841.3M at June 30 - The Company's balance sheet at June 30 reflected assets of $841.3M, including cash, investments and receivables of $806.3M, compared with total assets balances at March 31 and December 31, 2017 of $806.4M and $817.6M, respectively.
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MRCY | Hot Stocks16:09 EDT Mercury Systems acquires Germane Systems for $45M - Mercy Systems announced the acquisition of Germane Systems. Based in Chantilly, VA, Germane specializes in the design, development and manufacturing of rugged servers, computers and storage systems for command, control and information applications. Their solutions are used in environments serving critical U.S. and international defense programs. Mercury acquired Germane for an all cash purchase price of $45M, subject to net working capital and net debt adjustments. The acquisition and associated transaction expenses were funded through Mercury's existing revolving credit facility. The acquisition is expected to be accretive to FY19 adjusted EPS.
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NBIX | Hot Stocks16:09 EDT Neurocrine reports assets of 841.3M at June 30 - The Company's balance sheet at June 30 reflected assets of $841.3M, including cash, investments and receivables of $806.3M, compared with total assets balances at March 31 and December 31, 2017 of $806.4M and $817.6M, respectively.
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DOX VZ | Hot Stocks16:09 EDT Amdocs company wins Verizon managed services deal for on-demand content - VUBIQUITY, an Amdocs (DOX) company and a provider of content services and media technology solutions, announced its managed services and technology platforms will provide the processing and packaging of Verizon's (VZ) video on-demand, or VOD, and Pay Per View, or PPV, portfolio across the Fios multiscreen platform. This deal also continues to include a content licensing component which is an extension of the prior relationship.
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VNOM | Hot Stocks16:07 EDT Viper Energy gives acquisition and drop down update - During the second quarter of 2018, Viper acquired 924 net royalty acres for an aggregate purchase price of $103 million. To date in the third quarter of 2018, Viper has acquired or entered into definitive purchase agreements for 2,253 net royalty acres for an aggregate purchase price of $236 million, including $175 million from Diamondback via a drop down transaction approved by the Board of Directors of the General Partner of Viper and the Board of Directors of Diamondback. This drop down is expected to close in the third quarter of 2018 and includes 1,696 net royalty acres, approximately 80% of which are operated by Diamondback, primarily in Pecos County.The pending acquisitions are expected to close during the third quarter of 2018. However, these transactions remain subject to completion of due diligence and satisfaction of other closing conditions, and there can be no assurance that they will be completed as planned or at all. If completed as planned, these transactions will increase Viper's pro forma footprint to a total of 13,705 net royalty acres. Viper financed the recent acquisitions with cash on hand and borrowings under its revolving credit facility. Viper intends to finance the pending acquisitions through a combination of cash on hand, borrowings under its revolving credit agreement and, subject to market conditions and other factors, proceeds from one or more capital markets transactions, which may include debt or equity offerings."During the second quarter, Viper achieved significant quarter over quarter production growth due to continually increasing activity levels across our asset base and also recognized our highest average realized price in 14 quarters. Our acquisitions continue to exceed expectations and drive consistent production growth, including the acreage we acquired in the Eagle Ford as well as other acreage operated by third parties. As a result, we set a 7th consecutive Company record distribution and have now increased our distribution for nine consecutive quarters," stated Travis Stice, Chief Executive Officer of Viper's general partner.
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WLL | Hot Stocks16:07 EDT Whiting Petroleum raises FY18 production view to 47-47.7 MMBOE - Previous view 46.5-47.2 MMBOE.
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HOLX | Hot Stocks16:07 EDT Hologic completes acquisition of Faxitron Bioptics for $85M - Hologic announced it has completed the acquisition of Faxitron Bioptics, a privately-held leader in digital specimen radiography, for approximately $85M. The transaction, which closed today, broadens Hologic's Breast Health product portfolio and expands the Company's role in the clinical continuum of care for breast cancer patients. Specifically, Faxitron's products and channel will enable Hologic to play a larger role in breast conserving surgery, an adjacen
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WLL | Hot Stocks16:07 EDT Whiting Petroleum sees Q3 production 11.7-12.2 MMBOE
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ZAGG | Hot Stocks16:07 EDT Zagg acquires BRAVEN Audio - Zagg and BRAVEN Audio announced the acquisition of BRAVEN from Incipio Group. As part of the transaction, Zagg will acquire all intellectual property rights and product development capabilities, including engineering and product design teams.
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VNOM | Hot Stocks16:06 EDT Viper Energy Q2 production increased 16% to 16.3 Mboe/d - Viper announced that production for the second quarter of 2018 was 16.3 Mboe/d, an increase of approximately 16% from its Q1 2018 average daily production of 14.1 Mboe/d. Viper's second quarter 2018 average realized prices were $62.66 per barrel of oil, $2.07 per Mcf of natural gas and $26.68 per barrel of natural gas liquids, resulting in a total equivalent price of $50.10/boe, up 33% year over year from $37.64/boe in Q2 2017 and up 2% from the Q1 2018 total equivalent price of $49.09/boe.
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SGMO | Hot Stocks16:05 EDT Sangamo to present Champions study data on September 5 - Sangamo Therapeutics announced that preliminary safety and efficacy data from the Champions study, a Phase 1/2 clinical trial evaluating SB-913 for the treatment of mucopolysaccharidosis Type II, will be presented at the 2018 Annual Symposium of the Society for the Study of Inborn Errors of Metabolism being held in Athens, Greece from September 4-7. The abstract, "Novel treatment of MPS II (Hunter Syndrome) with SB-913 ZFN-mediated in vivo human genome editing: Update from a Phase 1/2 clinical trial," is scheduled for an oral presentation on September 5.
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HOLX A | Hot Stocks16:05 EDT Hologic CFO Bob McMahon to depart, Karleen Oberton to succeed - Hologic (HOLX) announced that CFO Bob McMahon is leaving the company to become the CFO of Agilent (A). Company veteran Karleen Oberton, who currently serves as Hologic's Chief Accounting Officer, has been promoted to CFO, effective August 1.
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VNOM FANG | Hot Stocks16:05 EDT Viper Energy raises cash distribution to 60c from 48c - Viper Energy Partners (VNOM), a subsidiary of Diamondback Energy (FANG) announced its second quarter 2018 cash distribution, provided an update on second quarter operations and scheduled its second quarter 2018 conference call.The Board of Directors of Viper's general partner has declared a cash distribution of $0.600 per common unit for the three-month period ended June 30, 2018, payable on August 20, 2018 to common unitholders of record as of the close of business on August 13, 2018. The second quarter 2018 cash distribution increased 25% to $0.600 per unit from $0.480 per unit in the first quarter of 2018. When annualized, this distribution represents an approximate 7.4% yield based on the closing price for Viper's common units on July 30, 2018.
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A | Hot Stocks16:04 EDT Agilent announces CFO transition - Agilent Technologies announced that Didier Hirsch, senior vice president and chief financial officer, has decided to retire on Oct 31, 2018. The company has appointed Robert W. McMahon, currently chief financial officer, Hologic, Inc., as his successor. McMahon will join Agilent on August 3, as senior vice president, and will become CFO on Sept. 1, 2018, when Hirsch will step down as CFO. Hirsch will continue as an active member of the executive staff until his retirement date at the end of the fiscal year, focused on working with McMahon to ensure a smooth transition.
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P | Hot Stocks16:03 EDT Pandora reports Q2 subscription revenue up 67% at $113.7M - Total listener hours were 5.09 billion for the second quarter of 2018, compared to 5.22 billion for the same period of the prior year. Active users were 71.4 million at the end of the second quarter of 2018.
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AKAM | Hot Stocks16:03 EDT Akamai CEO says 'very pleased' with Q2 results - "We are very pleased with our second quarter performance, highlighted by outstanding growth in our security portfolio, further improvement in our Media and Carrier Division, overall margin expansion and very strong non-GAAP earnings growth of 34% year-over-year," said Dr. Tom Leighton, CEO.
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NSM | Hot Stocks15:57 EDT Nationstar trading resumes
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GENE | Hot Stocks15:43 EDT Genetic Technologies developing screening tests for cancer, other diseases - In a regulatory filing, Genetic Technologies said that, as announced on July 16, the company is on schedule to introduce an enhanced version of its breast cancer screening test. Also as previously reported, the company is on track to begin the commercialization process for a new colon cancer screening test in October. In addition, the company has commenced development of a suite of genetic screening tests targeting both cancer and non-oncological diseases, the filing stated.
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TSLA | Hot Stocks14:37 EDT Tesla adding 'party & camper mode' to vehicles 'soon,' Musk says - Tesla CEO Elon Musk tweeted: "We're adding a "party & camper mode" soon to S/3/X, so your car can maintain air flow, temp, selective lights, music & power devices for 48 hours or more while parked. Big batteries rock ..." Reference Link
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MGM | Hot Stocks14:35 EDT MGM Resorts reports multi-year pact to be official gaming partner of NBA - MGM Resorts and the National Basketball Association announced a new multi-year partnership that will make MGM Resorts the official gaming partner of the NBA and WNBA. As part of the partnership, MGM Resorts will use official NBA and WNBA data and branding, on a non-exclusive basis, across MGM Resorts' land-based and digital sports betting offerings throughout the United States. The NBA and MGM Resorts will also work together to create a series of integrations across NBA platforms, including a special digital content series. MGM Resorts and the NBA will also partner on "best-in-class practices to protect the integrity of NBA and WNBA games," including anonymized real-time data sharing, the company said. "The partnership is the NBA's first with a sports betting operator in the U.S. and is the first of its kind between MGM Resorts and a major professional sports league," MGM added.
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ROP | Hot Stocks14:33 EDT Roper Technologies director Robert Knowling Jr. sells $894K in stock - Roper Technologies director Robert Knowling Jr. disclosed in a regulatory filing that he had sold 3,000 shares or $893,580 in company stock on July 30.
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MCRN | Hot Stocks14:17 EDT Milacron makes voluntary $25M principal payment on loan - On July 31, Milacron Holdings made a voluntary $25M principal payment on the company's outstanding senior secured term loan facility with a maturity date of September 28, 2023, the company's third such payment in 2018. Consistent with the company's second quarter 2018 earnings call, the company is committed to an additional minimum pay down of $25M on the 2017 Term Loan Facility, for a total minimum pay down of $100M.
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SGLB | Hot Stocks14:16 EDT Carl I. Schwartz reports 9.7% passive stake in Sigma Labs
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ITGR | Hot Stocks13:46 EDT Integer announces FDA approval for thin wall radial introducer kit - Integer announced that it has received FDA and CE Mark approval for their new radial access introducer, RadialSeal. The RadialSeal Introducer Kit is "founded on Integer's core technology platforms in guidewires and hemostatic introducers, and further strengthens its portfolio of high quality access products available for distribution by medical device companies in the interventional cardiology and peripheral vascular space," the company said.
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BE | Hot Stocks13:23 EDT Bloom Energy corrects CEO statements to MarketWatch - In a regulatory filing on last Friday night, July 27, Bloom Energy disclosed that KR Sridhar, the company's CEO, Founder and Chairman, gave a telephone interview to MarketWatch. Sridhar is quoted as saying "The company is already profitable as of the second quarter" in the MarketWatch article that followed the interview. "The company is still in the process of finalizing its financial results for the three months ended June 30, 2018. However, the company does not expect to generate an operating profit on a GAAP basis for the three months ended June 30, 2018. As disclosed in the Prospectus under "Prospectus Summary-Recent Developments," the Company provided preliminary estimates of its financial results for the three months ended June 30, 2018. The company estimated that GAAP loss from operations will range between $(6,900,000) and $(4,200,000) for the three months ended June 30, 2018. The company also estimated that non-GAAP profit from operations will range between $1,000,000 and $3,500,000 for the three months ended June 30, 2018. Non-GAAP profit from operations excludes stock-based compensation, which the company estimates will range between $7,900,000 and $7,700,000 for the three months ended June 30," the filing states. Also, Sridhar is quoted as saying "that Bloom Energy will be cash-flow positive and GAAP-profitable this year, and sustainably onward." The MarketWatch article goes on to state that, "in an email to MarketWatch, a Bloom Energy spokesperson late Wednesday clarified that Bloom Energy expects to be GAAP profitable at the operating level, and thus cash-flow positive, this year, not net profitable." The company disclaims any statement regarding its expectations for future profitability or cash flows, makes no such forecast or prediction at this time regarding its future operating results, and undertakes no obligation to do so in the future. The MarketWatch article states that Sridhar said that "almost a third of the shares reserved in the IPO for board members and Bloom Energy employees and family were [sold]." As disclosed in the prospectus, certain of the company's directors, director nominee and stockholders affiliated with directors agreed to purchase an aggregate of 3,333,332 shares of the company's Class A common stock. In addition, the underwriters sold 1,071,400 shares of the company's Class A common stock to the company's directors, executive officers and other individuals associated with them, and the company's employees through a directed share program. Furthermore, neither the company nor Mr. Sridhar were or are authorized to speak on behalf of the investment beliefs and decisions of the company's board members and employees, and the company disclaims all such statements, makes no such statement at this time and undertakes no obligation to do so in the future.
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ATVI... | Hot Stocks13:07 EDT Overwatch League Grand Finals drew global average minute audience of 861,705 - Activision Blizzard (ATVI) said its Overwatch League Grand Finals on July 27-28 were streamed worldwide via the primary digital viewing experience on Twitch (AMZN), as well as on MLG; in China on ZhanQi TV, NetEase CC, and Panda TV; and broadcast to domestic audiences on ESPN, ESPN2, ESPN3, and Disney XD (DIS), along with a highlights show on Sunday, July 29, on ABC. The ESPN broadcast was the first time live competitive gaming had aired on ESPN's flagship network in primetime, while the ABC program was the first esports championship ever shown on that network. Inclusive of these TV networks and streaming platforms, the estimated global average minute audience across both days of the Grand Finals was 861,205. The U.S. average minute audience was 289,175, with an estimated 45% of that total, or 129,792, falling into the 18-34 demographic. Worldwide, the 18-34 average minute audience was 605,013.
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TWO CYS | Hot Stocks13:02 EDT Two Harbors, CYS Investments announce closing of merger - Two Harbors Investment (TWO) and CYS Investments (CYS) announced the closing of the previously announced merger between Two Harbors and CYS. Upon the closing of the merger, each share of CYS common stock was converted into the right to receive 0.4680 newly issued shares of Two Harbors common stock as well as cash consideration of $0.0965 per share. Based on the number of shares of CYS common stock outstanding as of the closing date, approximately 72.7 million shares of Two Harbors common stock and $15M in cash consideration will be issued to CYS common stockholders in connection with the merger. No fractional shares of Two Harbors common stock will be issued in connection with the merger. Instead, CYS common stockholders will receive cash in lieu of any fractional shares. Shares of CYS common stock will continue to trade on the NYSE throughout the day on July 31, 2018. Trading in shares of CYS common stock will cease after market close on July 31, 2018 and shares of CYS common stock will be converted into the right to receive Two Harbors common stock and the cash consideration prior to market open on August 1, 2018. The newly issued shares of Two Harbors common stock will begin trading on the NYSE under the ticker symbol "TWO" on August 1, 2018. As previously announced, the combined company will continue to be led by the executive management team of Two Harbors. In addition, pursuant to the previously announced Agreement and Plan of Merger, dated as of April 25, 2018, the size of the Two Harbors' Board of Directors was increased from nine to eleven members upon the closing of the merger, and Karen Hammond and James A. Stern, two independent directors from CYS, were appointed to the Two Harbors' Board of Directors.
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SIRI | Hot Stocks12:51 EDT SiriusXM, PGA of America agree to five-year broadcast rights extension - The PGA of America and SiriusXM announced a five-year extension to their long-term broadcasting agreement. SiriusXM will continue to deliver live audio broadcasts of PGA of America events, including the PGA Championship and the 2020 Ryder Cup, to subscribers nationwide. SiriusXM and the PGA of America will also launch a new weekly talk show-PGA of America Radio-which debuts on Aug. 8.
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SIRI | Hot Stocks12:51 EDT SiriusXM, PGA of America agreet o five-year broadcast rights extension - The PGA of America and SiriusXM announced a five-year extension to their long-term broadcasting agreement. SiriusXM will continue to deliver live audio broadcasts of PGA of America events, including the PGA Championship and the 2020 Ryder Cup, to subscribers nationwide. SiriusXM and the PGA of America will also launch a new weekly talk show-PGA of America Radio-which debuts on Aug. 8.
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FB | Hot Stocks12:43 EDT Facebook removes accounts involved in 'coordinated inauthentic behavior' - Facebook says in a social media post: "Today we removed 32 Pages and accounts from Facebook and Instagram because they were involved in coordinated inauthentic behavior. This kind of behavior is not allowed on Facebook because we don't want people or organizations creating networks of accounts to mislead others about who they are, or what they're doing. We're still in the very early stages of our investigation and don't have all the facts - including who may be behind this. But we are sharing what we know today given the connection between these bad actors and protests that are planned in Washington next week. We will update this post with more details when we have them, or if the facts we have change. It's clear that whoever set up these accounts went to much greater lengths to obscure their true identities than the Russian-based Internet Research Agency has in the past. We believe this could be partly due to changes we've made over the last year to make this kind of abuse much harder. But security is not something that's ever done. We face determined, well-funded adversaries who will never give up and are constantly changing tactics. It's an arms race and we need to constantly improve too. It's why we're investing heavily in more people and better technology to prevent bad actors misusing Facebook - as well as working much more closely with law enforcement and other tech companies to better understand the threats we face." Reference Link
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NTDOY... | Hot Stocks12:36 EDT Game On: Nintendo profits grow 88% while EA gives downbeat outlook - Welcome to "Game On," The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: This week's major release is Nintendo's "WarioWare Gold," a compilation of mini-games from the "WarioWare" series. The game releases this Friday for the Nintendo 3DS. EA RESULTS: Last Thursday, Electronic Arts (EA) reported first quarter results that beat consensus estimates. However, the company provided earnings guidance for the second quarter and fiscal 2019 that were both well short of Wall Street expectations. Of note, EA reported Live Services revenue of $610M for the quarter, which is 22% higher than that segment's revenue in the same quarter last year but lower than the $698M figure reported last quarter. Live Services revenue has become particularly relevant in the video game sector, as games like EA's "FIFA Ultimate Team" and Epic's "Fortnite: Battle Royale" continue to generate revenue through in-game purchases. Epic Games, the creator of "Fortnite," is 40% owned by Tencent (TCEHY) and is part of Disney's (DIS) Accelerator Program. The stock was falling after the report, though several analysts maintained bullish ratings on the shares, with Wedbush analyst Michael Pachter saying that concerns over continued Live Services weakness and a crowded holiday schedule were "unwarranted." NINTENDO RESULTS: Meanwhile, Nintendo released its quarterly results today, reporting Q1 profit per share of JPY243.73 on net sales of JPY168.157B, with year-over-year growth of 88.4% and 9.1%, respectively. Of note, Nintendo said it sold 1.88M Switch consoles in the quarter, bringing the console's lifetime sales to 19.67M units. In addition, Switch software sales amounted to 17.96M units for the quarter, with May's "Donkey Kong: Tropical Freeze" selling 1.4M units and June's "Mario Tennis Aces" selling 1.38M units. Nintendo added that there is no revision to its previous financial forecast. MELVIN BUILDS SHORT BET AGAINST NINTENDO: Meanwhile, Bloomberg reported yesterday that Melvin Capital head Gabriel Plotkin has amassed a $402M short bet against Nintendo. Jefferies analyst Atul Goyal told Bloomberg that "flows have changed" as longs have now exited and started shorting the stock as well.
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CMI | Hot Stocks12:34 EDT EPA says Cummins to recall about 500,000 trucks over faulty emissions component - The U.S. Environmental Protection Agency announced that Cummins Inc. will voluntarily recall roughly 500,000 model year 2010-2015 medium- and heavy-duty trucks. The recall will replace a faulty emissions control systems component that causes excess emissions of nitrogen oxides. This recall is the largest voluntary truck emissions recall to date. The problem Cummins is acting to correct is the result of a defective part and does not involve a defeat device. The trucks being recalled are equipped with selective catalytic reduction systems designed to control NOx emissions. NOx is a potent air pollutant that contributes to smog and fine particle formation in the atmosphere. The SCR catalysts that will be replaced through the recall were found to be less durable than is required, degrading within a few years instead of controlling NOx pollution for the regulatory full useful life of the vehicle. The recall will replace these SCR system components. The full useful life of medium-duty vehicles is 185,000 miles or ten years, and the full useful life of heavy-duty vehicles is 435,000 miles or ten years. The problem was discovered through government oversight programs that test vehicles for compliance with emissions standards throughout their useful life. Both EPA and the California Air Resources Board run emission testing programs to check emissions from typical, privately-owned vehicles in customer service. Initial testing identified high NOx emissions from certain trucks equipped with Cummins engines. EPA and CARB shared results with Cummins, which agreed to conduct the voluntary recall after the company's own follow-up testing confirmed that deteriorating components within the SCR system were causing emissions to exceed Federal and California pollution standards. Cummins will recall the remaining affected vehicles in two phases. The company will contact owners with instructions about how and when to get their truck repaired. Owners should contact Cummins for further details about the affected products and recall schedule. Reference Link
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HDB | Hot Stocks12:20 EDT HDFC Bank trading resumes
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SNE NFLX | Hot Stocks12:03 EDT Sony Electronics launches MASTER Series TVs with Netflix Calibrated Mode - Sony Electronics (SNE) announced Netflix (NFLX) Calibrated Mode - available exclusively on the new Sony MASTER Series A9F OLED and Z9F LCD TVs - to ensure cinematic fidelity for the viewing experience on Netflix. Developed by Sony picture quality engineers, in collaboration with Netflix color scientists, Netflix Calibrated Mode delivers picture quality approaching that of a master monitor used for standard reference in motion picture production studios. Sony MASTER Series is comprised of two new televisions - the A9F OLED TV and the Z9F LED TV. Drawing on Sony's half-century of TV engineering expertise, the MASTER Series delivers Sony's highest quality picture possible in a home setting. It comes with a variety of smart features and is the only series of TVs that offers Netflix Calibrated Mode. The MASTER Series A9F and Z9F will be available across North America in the fall of 2018, with pricing and retail availability to be announced later.
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LL | Hot Stocks12:00 EDT Lumber Liquidators falls -18.6% - Lumber Liquidators is down -18.6%, or -$4.54 to $19.82.
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PES | Hot Stocks12:00 EDT Pioneer Energy falls -25.3% - Pioneer Energy is down -25.3%, or -$1.25 to $3.70.
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CSLT | Hot Stocks12:00 EDT Castlight Health falls -25.8% - Castlight Health is down -25.8%, or -$1.15 to $3.30.
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SSD | Hot Stocks12:00 EDT Simpson Manufacturing rises 19.2% - Simpson Manufacturing is up 19.2%, or $11.50 to $71.50.
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TREX | Hot Stocks12:00 EDT Trex Company rises 19.9% - Trex Company is up 19.9%, or $12.76 to $76.86.
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AJRD | Hot Stocks12:00 EDT Aerojet Rocketdyne rises 19.9% - Aerojet Rocketdyne is up 19.9%, or $5.53 to $33.25.
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TWTR | Hot Stocks11:53 EDT Twitter paid $52.9M for Smyte, quarterly filing reveals - Twitter disclosed in its Q2 filing that for the three months ended June 30, 2018, it acquired one company, which was accounted for as a business combination. The purchase price of $52.9M was paid in shares of common stock, having a total fair value of $19.1M, and cash of $33.8M. On June 21, Twitter announced that it acquired Smyte, a San Francisco-based technology company that specializes in safety, spam, and security issues.
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GPRE | Hot Stocks11:35 EDT Green Plains unit acquires two cattle-feeding operations for approximately $16M - Green Plains announced that its subsidiary, Green Plains Cattle Company, has signed a definitive agreement to acquire two cattle-feeding operations from Bartlett Cattle Company LC for approximately $16M, plus working capital. The transaction includes two feed yard operations located in Sublette, Kansas and Tulia, Texas with combined capacity of approximately 97,000 head, increasing Green Plains Cattle's feeding operations to 355,000 head of capacity. "Our success in cattle feeding over the last four years gives us confidence to continue growing in this area and adding the Bartlett cattle-feeding operations fits seamlessly into our protein growth strategy," commented Todd Becker, president and chief executive officer of Green Plains. "Expanding our feeding operations by 38% strengthens our ability to further supply our internal demand for the distillers grains and corn oil we produce. This acquisition will be immediately accretive to our earnings in the third quarter and enhances our ability to deliver more stable and consistent earnings to our shareholders." In conjunction with the close of the transaction, the company will be amending the Green Plains Cattle senior secured revolving credit facility, increasing the maximum commitment from $425M to $500M to fund the additional working capital requirements related to the Bartlett acquisition. The amended credit facility includes an accordion feature that enables the credit facility to be increased by up to $100M with agent approval.
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JCI | Hot Stocks11:34 EDT Johnson Controls expects Section 301 tariffs to have 'minimal' impact in Q4 - Says expects "strong" North American market residential demand to continue into Q4. Says freight costs remain elevated. Expects continued margin pressure related to transportation costs for Power Solutions in Q4. Says Cash Management Office is aggressively managing CapEx. Says impact from steel and aluminum tariffs in 'nominal' and will be fully offset. Says for China tariffs company is actively managing pricing both within the supply chain and externally.
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PNTR | Hot Stocks11:26 EDT IDB Development reports passive stake in 8.74% in Pointer Telocation
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JCI | Hot Stocks11:12 EDT Johnson Controls says on track for $250M in incremental savings in 2018 - Says momentum continues on each of key initiatives. Says continued to accelerate pace of sales adds in Q3. Says expects to end year with 900 net adds. Says achieved above average levels of price realization. Says well-positioned into Q4. Says had strong organic performance at Power Solutions. Says continues to drive operational improvements in free cash flow. Says synergy and productivity savings remain on track. Says on track to deliver $250M savings target in 2018. Says evaluating tax-efficient spin of Power Solutions but also in talks with interested buyers regarding a possible sale. Says will communicate a decision when one is made. Comments taken from Q3 earnings conference call.
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NSC | Hot Stocks11:06 EDT Norfolk Southern enters partnership with Heartwood 3D - Norfolk Southern is developing and deploying 3D, simulation-based training apps built in partnership with application developer Heartwood 3D. These innovative programs are already helping Norfolk Southern realize significant training benefits by alleviating burdensome space and time constraints, and allowing for unlimited repetitions, providing targeted feedback, all in an even safer training environment. Norfolk Southern's first pilot of this exciting technology was a 3D simulator covering freight-car air-brake inspection, a fundamental skill for new conductors and freight-car mechanics. This inspection and testing typically requires Norfolk Southern to set up multiple freight cars on-site and to allocate a significant amount of training time for demonstration, practice, and evaluation. The new training simulator allows students to conduct virtual inspections of freight cars and interact with various brake components - all on a tablet or desktop computer, anytime, anywhere.Using the simulator, students are able, among other things, to virtually walk a line of freight cars, inspect various components, determine the correct brake pressure, and ensure proper brake application and release. Upon completion, students receive a record of their performance and suggested areas of improvement. They are then able to repeat the test as many times as they need, allowing for unlimited practice, at own their pace, from any device.
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GDS | Hot Stocks10:57 EDT GDS Holdings slides after accused of fraud by Blue Orca Capital - Shares of GDS Holdings (GDS), a developer and operator of data centers in China, are falling after the company was accused of "inflating the size of its service area, its utilization rates and therefore its reported revenues and EBITDA" by short-seller Blue Orca Capital. GDS is borrowing "crippling amounts of debt to enrich insiders" by acquiring data centers from undisclosed related parties and unrelated data center operators are "selling a substantial amount of empty cabinet space in a building which is supposedly exclusively operated and 94% utilized by GDS," the research firm claims in its newly-published short report. In morning trading, GDS Holdings shares are down $3.62, or 10.4%, to $31.13.
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IPGP LASR | Hot Stocks10:53 EDT IPG Photonics slides, drags peer down after earnings miss - Shares of nLight (LASR) are sliding after leading laser maker IPG Photonics (IPGP) missed second quarter estimates for both earnings per share and revenue. IPG PHOTONICS RESULTS: This morning, IPG Photonics reported second quarter earnings per share of $2.21 and revenue of $413.6M, both below consensus of $2.25 and $418.61M, respectively. The company said foreign exchange losses reduced EPS by 3c. For the third quarter, the company expects earnings per share between $1.80-$2.05 and revenue between $360M-$390M, with consensus estimates at $2.27 and $424.91M, respectively. "Book-to-bill was at 1.0 for the quarter. While orders grew slightly on a year over year basis, order flow was below target as demand softened in Europe and China at the end of the quarter, the company said. "This more modest year over year growth in orders has persisted through July, and we believe is primarily driven by macroeconomic and geopolitical factors rather than competitive dynamics. We are seeing strong order activity in North America and some smaller regions. Furthermore, we are beginning to benefit from rapid growth from new products, including ultraviolet, green, and ultrafast pulsed lasers, systems and beam delivery components. While we are encouraged by the strength in new products and select regions, this growth will only partially offset the more modest outlook in China and Europe," the company added. Additionally, IPG Photonics announced that its board of directors has authorized a new $125M anti-dilutive stock repurchase program following the completion of its previous $100M repurchase program. PRICE ACTION: In morning trading, shares of IPG Photonics have plunged 26% to $166.04, while nLight's stock has dropped about 13% to $31.89 per share.
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PVH | Hot Stocks10:40 EDT PVH Corp. announces partnership with UFC for Van Heusen flex collection - PVH Corp. announced a new campaign for its Van Heusen brand, which includes a partnership with mixed martial arts organization UFC. The partnership, which begins today, establishes Van Heusen as UFC's first-ever "Official Men's Dress Furnishings Provider," bringing its innovative and flexible menswear choices to the brand's worldwide fan base.
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CBS... | Hot Stocks10:38 EDT Amid misconduct allegations, Cowen steps to sidelines on CBS - Shares of CBS (CBS) are in the spotlight once again this morning as Cowen analyst Doug Creutz downgraded the stock to Market Perform citing "too many unquantifiable variables." This comes after the company's board met yesterday to evaluate the recent allegations made against CEO Les Moonves, which have surfaced as he is locked in a legal battle over control of CBS with the company's largest shareholder, National Amusements, owned by Shari Redstone, who also controls media company Viacom (VIA; VIAB). OUTSIDE COUNSEL: Last night, CBS announced that its board of directors is in the process of selecting outside counsel to conduct an independent investigation. "No other action was taken on this matter at today's board meeting," CBS' board stated. Additionally, the board determined to postpone CBS Corporation's 2018 annual meeting of stockholders that was previously scheduled to be held on August 10. Earlier yesterday, Deadline had reported that Les Moonves was "contemplating" stepping aside from his CEO role as investigations into allegations of misconduct continue. COWEN MOVING TO THE SIDELINES: In a research note to investors this morning, Cowen's Creutz downgraded CBS to Market Perform from Outperform and lowered his price target on the shares to $50 from $69. While the analyst noted that he continues to like the company's assets and strategic positioning, between the control fight with National Amusements, the potential for a recombination with Viacom, and the allegations of sexual harassment at the company, there are "too many unquantifiable variables" for him to keep an Outperform rating on the stock. Given the scope and detail of the allegations, the fact that some sources were willing to go on record, and the fact that the allegations go beyond CEO Les Moonves and extend to the overall culture of the company, this is a serious matter for the board, he contended. Nonetheless, Creutz pointed out that his downgrade is not based on any evaluation of the claims but rather a reflection of the fact that the added overhang of an investigation of uncertain length with an uncertain outcome will make share outperformance difficult, even given the recent selloff. Additionally, the analyst's concerns also extend to how this affects the company's fight for control with National Amusements and the Redstones, as he believes this controversy weakens the board's position. A potential result could be a recombination that ultimately places current Viacom management in charge, he argued, adding that he thinks such an outcome would likely be value destructive, with a "very, very difficult integration process." From the perspective of what would be best for CBS and its shareholders, Creutz thinks the best choice would be for Moonves to step down and immediately be replaced by COO Joe Ianniello. PRICE ACTION: In morning trading, shares of CBS have gained almost 1% to $51.57, recovering some of their losses from yesterday.
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AXTA | Hot Stocks10:31 EDT Axalta Coating expands liquid coatings production plant in Jacksonville, Texas - Axalta announced the 30,000 square foot expansion of its Jacksonville, Texas production facility. The expansion is slated to be completed in the first quarter of 2019 and will increase Axalta's liquid industrial coatings production capacity in North America by approximately one million gallons annually. The plant specializes in waterborne, low-VOC, and solvent-based industrial coatings, in addition to an array of other high-performance products.
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CHKP | Hot Stocks10:18 EDT Check Point announces Yerushalmi replaces Allard as Head of Global Sales - In a regulatory filing last night, Check Point Software announced the appointment of Dan Yerushalmi as Check Point's new Head of Global Sales and Strategy. He will manage worldwide field operations and engineering, channel sales and strategic technologies initiatives. All organizations and functions that previously reported to Pierre-Paul Allard as Head of Worldwide Sales will now report to Dan. "In a letter to Check Point's employees, Gil Shwed, Check Point's Founder and CEO, expressed his gratitude to Pierre Paul Allard for his contribution to Check Point in the past two years and wished him all the best as he is now pursuing new endeavors," the filing stated.
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AMC | Hot Stocks10:17 EDT AMC says Stubs A-List program passes 175,000 members - AMC Theatres announced that as of today, July 31, just five weeks after the enrollment period commenced, the new AMC Stubs A-List frequent moviegoer program has enrolled more than 175,000 fully-paid members. This initial surge in membership is well ahead of expectations. At the time of launch on June 26, 2018, AMC expected to hit 500,000 members one year from launch at the end of June of 2019, and 1 million members two years from launch, at the end of June of 2020. A-List is a new premium VIP tier of the AMC Stubs loyalty program. Also as of today, July 31, the success of A-List has in turn helped push the current membership of AMC Stubs up to 15.8 million U.S. households. Adam Aron, AMC CEO and President, said: "We are nothing less than ecstatic about the early consumer response to AMC Stubs A-List, which encourages moviegoers to come to the theatre more often, bringing their family and friends with them. With more than 175,000 members enrolled in just five weeks, the growth of AMC Stubs A-List has far exceeded our projections. We also find it reassuring that we consciously designed AMC Stubs A-List to be a profitable program with a price point that is loaded with consumer value while also being sustainable for us and for our guests."
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UPS | Hot Stocks10:11 EDT UPS, Thor partner to test fully-electric class 6 delivery truck in Los Angeles - UPS announced earlier a collaboration with Thor Trucks, Inc. to develop and test a fully-electric class 6 delivery truck in Los Angeles, Calif. The truck is expected to be ready for deployment later this year. UPS continues to work with a range of companies to test and deploy promising alternative fuel and advanced technology vehicles that will help it meet its sustainability goals. Electric vehicles, and the charging infrastructure needed to support them, play a critical role in UPS's vision for its fleet of the future. The Thor electric delivery truck will have a driving range of approximately 100 miles powered by a Thor-designed and built battery that will be lightweight, durable and allow long-range driving distances. "UPS believes in the future of commercial electric vehicles. We want to support the research needed to make advances and the companies developing those innovative products," said Carlton Rose, president, global fleet maintenance and engineering for UPS. "Performance is critical in our fleet. We are excited to get this vehicle on the road to test how it handles routes in and around Los Angeles." For six months, UPS will test the medium-duty electric delivery truck as part of its fleet. Testing will include off-road evaluation to address durability, battery capacity, technical integration, engineering and any items found during on-road testing. Depending on the success of the deployment, UPS may make additional purchases of the electric vehicle.
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HON | Hot Stocks10:07 EDT Jizzakh Petroleum to build new refinery with technology from Honeywell UOP - Honeywell announced that Jizzakh Petroleum JV will use Honeywell UOP technologies to build a new refinery capable of processing 5 million tons per year of crude oil to produce clean-burning gasoline, diesel and jet fuel. The refinery is being built in the Jizzakh region of Eastern Uzbekistan. Honeywell UOP will provide licensing and basic engineering design services to Jizzakh Petroleum for CCR Platforming, Par-Isom, Distillate Unionfining, Unicracking and Merox processes. When completed, the refinery will produce 3.7 million tons per year of Euro V-quality motor fuels, 700,000 tons per year aviation fuel and 500,000 tons per year of other products, including LPG and bitumen. The Jizzakh refinery is part of the Uzbekistan government's multi-year development plan to achieve national energy independence and increase the country's export potential. With 33 million people, Uzbekistan is the most populous country in Central Asia.
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DE | Hot Stocks10:04 EDT Deere to acquire sprayer and planter manufacturer PLA, terms not disclosed - Deere & Company has signed a definitive agreement to acquire PLA, a privately-held manufacturer of sprayers, planters, and specialty products for agriculture. PLA is based in Argentina, with manufacturing facilities in Las Rosas, Argentina, and Canoas, Brazil.
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SCG D | Hot Stocks10:04 EDT Scana shareholders approve merger with Dominion - SCANA's (SCG) special shareholder meeting was held today, during which shareholders voted to approve the merger agreement, dated as of January 2, 2018 with Dominion Energy (D), meeting the requirement of receiving an affirmative vote from at least two-thirds of the outstanding shares of SCANA's common stock. The merger previously received approval of the Federal Energy Regulatory Commission, the Georgia Public Service Commission, and early termination by the Federal Trade Commission of the 30-day waiting period under the federal Hart-Scott-Rodino Antitrust Improvements Act. The merger remains contingent upon approvals from the Public Service Commissions of South Carolina and North Carolina and authorization of the Nuclear Regulatory Commission, among other conditions, the companies stated.
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AUY | Hot Stocks10:03 EDT Yamana Gold up 1.6% following BMO upgrade - Shares of Yamana Gold are up about 1.6% in early trading to $3.15 per share following an upgrade from BMO Capital analyst Andrew Kaip. The analyst noted that the discount on the stock is no longer justified after its production update for Q2 demonstrated progress in the delivery of the Cerro Mine. Q2 EARNINGS MET CONSENSUS: Late last week, Yamana Gold reported Q2 earnings per share of 2c, matching the consensus, while its revenue rose to $431.5M from $428.1M last year, below the Bloomberg consensus of $456.0M. The company's total Q2 production of 248.2K ounce of gold was also up from 244.6K reported in the year ago period, while the total cost of sales per ounce sold declined to $1,010 from $1,096. CERRO MORRO PRODUCTION UPGRADE: In its Q2 earnings report, Yamana Gold indicated that its estimated production for Cerro Morro gold mining project in Argentina is "well positioned to exceed the previously provided guidance of 900,000 ounces of gold for Yamana Mines." The company also stated that the resulting overall higher production estimate for the first half will more than offset the expected production decline in silver.
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AWI | Hot Stocks10:02 EDT Armstrong World to acquire Steel Ceilings, terms not disclosed - Armstrong World Industries announced that it has entered into an agreement to acquire the business and assets of Steel Ceilings, a manufacturer of standard and custom aluminum and stainless metal ceilings, including architectural, radiant heating and cooling, and security solutions, with annual revenues of approximately $10M. The acquisition will advance AWI's strategy to aggressively penetrate the architectural specialties segment and provide additional capabilities to sell into more spaces and sell more into every space. SCI is located in greater Columbus, Ohio, near two other existing AWI manufacturing plants. The transaction is expected to close in the third quarter of this year. Following closing, AWI expects to serve existing and future SCI customers out of the existing Ohio facility and through its current distribution channels. AWI expects to fund the acquisition with available cash. Financial terms of the transaction were not disclosed.
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RTN | Hot Stocks10:01 EDT U.S. Air Force awards Raytheon $96.1M contract - Raytheon received a $96.1M contract to produce 250 Miniature Air-Launched Decoys, or MALD missiles. The U.S. Air Force award occurred just prior to Raytheon marking its 2,000th MALD system delivery, and 10th year of on-time customer deliveries. The MALD system is an air-launched missile with both decoy and jamming capabilities that can electronically stimulate and then neutralize enemy air defense systems. Raytheon produces the MALD-J jamming variant, and is also developing a system for the U.S. Navy.
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INST | Hot Stocks10:00 EDT Instructure falls -17.8% - Instructure is down -17.8%, or -$7.75 to $35.85.
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CSLT | Hot Stocks10:00 EDT Castlight Health falls -18.5% - Castlight Health is down -18.5%, or -82c to $3.62.
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LL | Hot Stocks10:00 EDT Lumber Liquidators falls -20.2% - Lumber Liquidators is down -20.2%, or -$4.92 to $19.45.
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AJRD | Hot Stocks10:00 EDT Aerojet Rocketdyne rises 11.1% - Aerojet Rocketdyne is up 11.1%, or $3.07 to $30.79.
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MX | Hot Stocks10:00 EDT MagnaChip rises 11.2% - MagnaChip is up 11.2%, or $1.25 to $12.45.
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SSD | Hot Stocks10:00 EDT Simpson Manufacturing rises 18.3% - Simpson Manufacturing is up 18.3%, or $10.98 to $70.98.
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HMNY | Hot Stocks09:54 EDT Helios and Matheson halted for volatility after jumping 72c to $1.52
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PG | Hot Stocks09:53 EDT Procter & Gamble says online, offline margins 'roughly equal' - Says online sales now account for about 7% of total revenue.
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AUY | Hot Stocks09:50 EDT Yamana Gold up 2% following BMO upgrade - Share of Yamana Gold are up about 2% in early trading to $3.16 per share following an upgrade from BMO Capital analyst Andrew Kaip. The analyst noted that the discount on the stock is no longer justified after its production update for Q2 demonstrated progress in the delivery of the Cerro Mine. Q2 EARNINGS TOPPED CONSENSUS: Late last week, Yamana Gold reported Q2 earnings of 4c per share, above the consensus of 2c, while its revenue rose to $431.5M from $428.1M, below the expected $448.48M. The company's total Q2 production of 248.2K ounce of gold was also up from 244.6K reported in the year ago period, while the total cost of sales per ounce sold declined to $1,010 from $1,096. CERRO MORRO PRODUCTION UPGRADE: In its Q2 earnings report, Yamana Gold indicated that its estimated production for Cerro Morro gold mining project in Argentina is "well positioned to exceed the previously provided guidance of 900,000 ounces of gold for Yamana Mines." The company also stated that the resulting overall higher production estimate for the first half will more than offset the expected production decline in silver.
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CAJ NUAN | Hot Stocks09:48 EDT Canon, Nuance team up for vertical markets with content connectors - With the demand to digitize information and assist companies with their compliance efforts growing in vertical markets, Canon U.S.A. (CAJ),leverages its strategic relationship with Nuance Communications (NUAN) to help organizations streamline workflows in a fast-evolving work culture. Targeting the healthcare and legal markets, Canon and Nuance introduce eCopy ShareScan Services to help organizations leverage their current investments in iManage and Epic software, respectively, and connect compatible Canon solutions that support eCopy via the content connectors.
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FE | Hot Stocks09:44 EDT FirstEnergy's chief legal officer Leila Vespoli to retire in 2019 - FirstEnergy announced that Leila Vespoli, EVP, corporate strategy, regulatory affairs and chief legal officer, and James Pearson, EVP, finance, have accepted FirstEnergy's Executive Early Retirement Program. Vespoli will retire effective April 1, 2019, and Pearson's retirement date is not expected to be later than April 1, 2019. In addition, Charles Lasky, SVP, human resources and chief human resources officer, will retire June 1, 2019.
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HMNY | Hot Stocks09:40 EDT MoviePass to increase standard pricing plan to $14.95 per month within 30 days
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HMNY | Hot Stocks09:39 EDT Helios and Matheson CEO: Changes to immediately reduce cash burn by 60% - "Over the past year, we challenged an entrenched industry while maintaining the financially transparent records of a publicly traded company. We believe that the measures we began rolling out last week will immediately reduce cash burn by 60% and will continue to generate lower funding needs in the future," said Ted Farnsworth, Chairman and CEO of Helios. "These changes are meant to protect the longevity of our company and prevent abuse of the service. While no one likes change, these are essential steps to continue providing the most attractive subscription service in the industry. Our community has shown an immense amount of enthusiasm over the past year, and we trust that they will continue to share our vision to reinvigorate the movie industry," said Mitch Lowe, MoviePass CEO.
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HMNY | Hot Stocks09:39 EDT MoviePass to limit ticket availability to blockbuster films
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HMNY | Hot Stocks09:39 EDT Helios and Matheson says MoviePass accelerating plan for profitability - MoviePass, a majority-owned subsidiary of Helios and Matheson Analytics, announced the implementation of several new measures aimed at accelerating the plan for profitability. Through these new steps, the company believes it will be able to compress its timeline to reach profitability. Approaching the one-year anniversary of introducing its standard $9.95 price point, the MoviePass community has grown to more than 3 million members and in turn has contributed to record box office growth, responsible for approximately 6 percent of the nation's total box office sales in the first half of 2018. In addition, MoviePass Ventures and MoviePass Films are contributing to the company's ancillary revenue. the company has implemented several elements of a long-term growth plan to protect the existing community and set it up for future sustainable growth. MoviePass has implemented several new cost-reduction and subscription revenue increase measures: Actions that have been implemented are currently cutting the monthly burn by 60%. A future increase of the standard pricing plan to $14.95 per month within the next 30 days. First Run Movies opening on 1,000+ Screens to be limited in their availability during the first two weeks, unless made available on a promotional basis, Implementation of additional tactics to prevent abuse of the MoviePass service. As of Q3 and beyond, MoviePass is also generating incremental non-subscription revenue of approximately $4 to $6 per subscriber per quarter: Integration of MoviePass Ventures and MoviePass Films with our own original content allows us to gain revenue by owning the films through box office, streaming, DVD, retail, transactional sales e.g. Apple and Samsung, and international rights, etc. Partnerships with 3rd party media inventory to increase scale and reach of marketing efforts driven by data. Continued rollout and refinement of the Peak Pricing program. Creating strategic marketing partnerships and promotions with studios, content owners, and brands. Integration of Moviefone.Com to support the media buys of brands and studios. In an effort to maintain the integrity of the MoviePass mission, to enhance discovery, and to drive attendance to smaller films and bolster the independent film community, MoviePass will begin to limit ticket availability to Blockbuster films. This change has already begun rolling out, with Mission Impossible 6 being the first film included in the measure. This is a strategic move by the company to both limit cash burn and stay loyal to its mission to empower the smaller artistic film communities. Major studios will continue to be able to partner with MoviePass to promote their first run films, seeding them with a valuable moviegoing audience.
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GFI AKG | Hot Stocks09:37 EDT Gold Fields completes joint venture transaction with Asanko Gold - Gold Fields (GFI) announces the completion of the joint venture transaction with Asanko Gold (AKG), with Gold Fields acquiring a 50% stake in Asanko's 90% interest in the Asanko Gold Mine in Ghana. Gold Fields is expected to equity account its share in the joint venture, with attributable production and costs incorporated into the Group numbers from completion. Asanko's published guidance for 2019-2023 is average annual production of 253koz. Nick Holland, CEO, said: "The closing of the transaction with Asanko gives us exposure to a great camp, with long-life, low-cost production, with significant exploration potential in a country we know well and have operated in for 25 years. The joint venture bolsters the Ghana region, with Tarkwa providing the base load production and Damang providing growth through the reinvestment plan currently underway."
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PG | Hot Stocks09:36 EDT Procter & Gamble says looking to 'double down' on cost savings
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WYNN... | Hot Stocks09:33 EDT Nevada reports June statewide gaming win up 4.17% to $933.0M - Nevada's Gaming Control Board reports Las Vegas Strip gaming win was up 5.36% in June to $523.9M. Publicly traded companies in the casino gaming space include Boyd Gaming (BYD), Caesars (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
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RL | Hot Stocks09:31 EDT Ralph Lauren CFO: Revenue trend to be more challenging in 2H vs. 1H
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AMD | Hot Stocks09:27 EDT Mubadala sells 22M shares of AMD stock - In a regulatory filing earlier, Mubadala Investment Company PJSC disclosed that it sold 22M shares of AMD stock with an aggregate market value of $427.24M. Bloomberg said its data indicates that this represents about 39% of Mubadala's stake in the chipmaker. In pre-market trading, AMD is fractionally lower to $19.32 per share.
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HDB | Hot Stocks09:24 EDT HDFC Bank trading halted, news pending
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TYL | Hot Stocks09:23 EDT Tyler Technologies to provide enterprise records solution to MJB - Tyler Technologies announced that it has signed an agreement with the Maine Judicial Branch for its New World Enterprise Records solution. The MJB is Tyler's first New World public safety client in the state of Maine, as well as the first state government entity to purchase the latest version of Tyler's Enterprise Records solution.
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SHOP | Hot Stocks09:23 EDT Shopify turns lower amid conference call after earnings release corrected - Shares of Shopify (SHOP) have turned lower in pre-market trading as the company hosts its conference call to discuss its second quarter results. Also of note, Shopify issued a corrected earnings release 7:40 am ET to correct the version sent via BusinessWire at 7:00 am ET "due to multiple revisions." Following the company's earnings release, but prior to the start of its call, Baird analyst Colin Sebastian told investors that at "first glance" there was no change to his positive thesis on Shopify, noting that its top-line growth topped expectations while its gross margin was slightly below the consensus forecast. He expects questions about the slowing growth in MRR and corresponding greater mix shift to Merchant Solutions. In pre-market trading, Shopify shares are down $12.58, or 8.50%, to $135.50 as the company's earnings call continues.
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RRD | Hot Stocks09:20 EDT R.R. Donnelley announces new marketing agreement with Sobeys - R.R. Donnelley announced a new agreement with Sobeys. As one of only two national grocery retailers in Canada, Sobeys provides food shopping needs for Canadians with approximately 1,500 stores in all 10 provinces under retail banners as well as more than 380 gas stations. The agreement covers store marketing and decor signage print, including production, procurement, fulfillment, warehousing, logistics, and installation support for more than 1,200 Sobeys stores, and over 1,500 additional stores within Sobeys independent and wholesale operations. RRD's retail focus, broad production capabilities and marketing communications expertise will help Sobeys streamline in-store communication execution, drive integration and consistency within each banner and respond quickly and effectively to evolving market conditions.
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RL | Hot Stocks09:18 EDT Ralph Lauren says tariffs have minimal impact on business so far - Says goal is to progressively increase marking investment to accelerate top-line growth. Ultimately sees half of growth coming from core product categories and the other half from under penetrated categories. Says small-format stores are performing well in China. Says remains on track to reach goal of half a billion dollars in five years in Greater China. Expects digital growth to accelerate in FY19 and beyond. Says plans to drive further improvement in FY19 to three-month and six-month lead time product areas. Says making progress across "multiple" fronts on product. Says mainland China is largest near-term opportunity, says China digital business also growing rapidly. Says new small-store formats "performing well" in China. Says remains on track to reach goal of half a billion dollars in five years in Greater China. Says tariffs have minimal impact on business so far, but keeping eye on developments. Comments taken from the Q1 earnings conference call. Shares of Ralph Lauren are up 3% ahead of the market open.
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BPMX | Hot Stocks09:16 EDT BioPharmX receives approval for its Phase 2 study of BPX-04 - BioPharmX announced it has received Institutional Review Board approval for its phase 2 study of BPX-04 for the treatment of papulopustular rosacea. The company also announced that, based on data from its open-label feasibility study which assessed tolerability in subjects with papulopustular rosacea, it has selected the 1% minocycline concentration for use in the PRISM phase 2 trial to evaluate the safety and efficacy of BPX-04, continuing in its patient-centric commitment to antibiotic stewardship by utilizing a lower dose of antibiotics for patients.
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PG | Hot Stocks09:14 EDT Procter & Gamble says getting more competitive in growth brands - Says "very pleased" with growth in China. Says six of seven categories holding or growing market share.
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BAESY | Hot Stocks09:12 EDT BAE Systems receives U.S. Army task order for touch screen display units - The U.S. Army has selected BAE Systems to provide touch screen computer display units as an upgrade to the company's ASN-128 Doppler GPS Navigation System on Black Hawk helicopters. The self-contained, all-weather, day or night navigation system enables Black Hawk pilots to view real-time flight plan data. This task order, which was awarded to BAE Systems under a current $226M indefinite delivery/indefinite quantity contract, will bring touch-screen navigation system control to UH-60A/L Black Hawks. The Army plans to use the ASN-128 systems through 2035, and the upgrades will support safer operation for pilots by minimizing heads-down tasks.
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HUD | Hot Stocks09:09 EDT Hudson announces proposed shareholder written resolution - Hudson announced the notice of a proposed shareholder written resolution which if passed by the company's shareholders will adopt new bye-laws of the company. The new bye-laws will make certain amendments to the company's existing bye-laws which, among other matters, will permit the appointment of one or more deputy chairman of the board of the company. The proposed text of the new bye-laws has been furnished to the U.S. SEC. The proposed shareholder written resolution will be passed when it is signed by registered shareholders who hold a simple majority of the total voting rights of all issued and outstanding shares of the company, provided such majority includes at least one shareholder holding Class B common shares of the company. Subject to the adoption of the new bye-laws, the board has appointed James Cohen, a member of the board, as an additional deputy chairman of the board.
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PG | Hot Stocks09:09 EDT Procter & Gamble says expects stronger organic sales in 2H19
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AGFS | Hot Stocks09:09 EDT AgroFresh Solutions launches its FreshCloud platform - AgroFresh Solutions announced the official launch of its FreshCloud platform, a data-backed, insights-driven solution for monitoring produce quality through the supply chain. With a decades-long history of innovation and scientific know-how in fruit and vegetable freshness, AgroFresh's insights and expertise now add new technology to predict produce freshness, quality and optimal consumption timing.
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IESC | Hot Stocks09:08 EDT IES Holdings acquires Utah-based Electrical Contractors North - IES Holdings announced that its subsidiary IES Residential has acquired substantially all of the assets of Electrical Contractors North, a Salt Lake City, Utah-based provider of electrical contracting for multi-family residential and hotel construction.
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KIDS | Hot Stocks09:06 EDT OrthoPediatrics announces expanded indication for FIREFLY Navigation Guides - OrthoPediatrics is pleased to announce that FIREFLY Pedicle Screw Navigation Guides received additional FDA 510(k) clearance for an expanded indication to include S2AI trajectory for sacral-iliac fixation in complex spinal reconstruction surgeries, including scoliosis. When applied to the challenging S2AI trajectory, the precise and personalized mechanical guidance enabled by FIREFLY minimizes complexities associated with crossing the sacral-iliac joint while eliminating the need for excessive radiation/fluoroscopy. OrthoPediatrics is the exclusive distributor of FIREFLY technology in children's hospitals in the US. FIREFLY is FDA-cleared for use in adult and pediatric populations and is manufactured by Mighty Oak Medical. The patient-specific, 3D printed FIREFLY Pedicle Screw Navigation Guides are a novel solution to complex and costly navigation systems. This patented navigation technology is designed to increase OR efficiency and eliminate the need for intraoperative radiation, making it the optimal choice in more complicated spinal construct cases, such as those involving the S2AI trajectory.
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JLL | Hot Stocks09:06 EDT Skyline AI raised $18M in a Series A Round - Skyline AI announced that it has raised $18M in a Series A Round. Led by Sequoia Capital and TLV Partners with participation from JLL Spark, a division of JLL, and others, the strategic round enables Skyline to expand platform integration to include additional asset classes and further cooperation with the leading commercial real estate investment firms in the US. Closed just four months after announcing $3M in seed funding, the Series A Round brings Skyline AI's total funding to $21 Million. Other participants in the round include NYCA Partners, Arbor Ventures and iAngels.
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JLL | Hot Stocks09:06 EDT Skyline AI raised $18M in a Series A Round - Skyline AI announced that it has raised $18M in a Series A Round. Led by Sequoia Capital and TLV Partners with participation from JLL Spark, a division of JLL, and others, the strategic round enables Skyline to expand platform integration to include additional asset classes and further cooperation with the leading commercial real estate investment firms in the US. Closed just four months after announcing $3M in seed funding, the Series A Round brings Skyline AI's total funding to $21 Million. Other participants in the round include NYCA Partners, Arbor Ventures and iAngels.
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WWE | Hot Stocks09:04 EDT WWE extends partnership with Foxtel to broadcast WWE in Australia - WWE and Foxtel will extend their partnership into its 19th year with a new agreement to broadcast WWE programming live in Australia, including flagship shows Raw and SmackDown, as well as WWE's live pay-per-views events. Foxtel's FOX8 will continue to air Raw live at 10 a.m. on Tuesdays and SmackDown live at 10 a.m. on Wednesdays. For the first time, FOX8 will re-air Raw on Tuesday nights in primetime and SmackDown on Wednesday nights in primetime, and FOX Sports will air one-hour versions of Raw and SmackDown in primetime each week. Foxtel Now will make both shows available on demand following their airings.
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TRQ | Hot Stocks09:04 EDT Sailingstone welcomes appointment of new CEO of Turquoise Hill - Sailingstone Capital Partners notes the appointment of Ulf Quellman as the new CEO of Turquoise Hill Resources and welcomes the significant improvements that have been made to both the CEO's contract structure and the associated compensation package. However, SailingStone remains concerned that the announcement does not fully address the legitimate issues raised in its prior communications with the Turquoise Hill Board of Directors. SailingStone has long been troubled by the lack of alignment between the TRQ Board, its executives and minority shareholders and continues to believe that corporate governance issues are a headwind for the stock. Today's announcement is an acknowledgment by the entire Board that an independent CEO whose long-term compensation is based solely on the performance of TRQ's shares is an enhancement to the previous arrangement.
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BAH | Hot Stocks09:03 EDT Booz Allen awarded spot on $554M, five-year contract by U.S. Army - MICC, Fort Eustis, Virginia, has awarded Booz Allen Hamilton a spot on the Training Support Systems Enterprise contract in December to provide global training, support systems and mission support services. This indefinite delivery, indefinite quantity contract has a ceiling value of $554M over a potential five-year period with six other prime contractors.
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MCK | Hot Stocks09:02 EDT McKesson names Brian Tyler as president and COO - McKesson Corporation announced that Brian S. Tyler, Ph.D., has been appointed president and COO, McKesson Corporation, effective August 2, 2018. Tyler will report to John Hammergren, chairman and chief executive officer, and will become a member of the executive committee. Previously Chairman of the Management Board, McKesson Europe, Tyler has also served as president of McKesson North American Pharmaceutical Distribution and Services, McKesson U.S. Pharmaceutical, McKesson Medical-Surgical and McKesson Specialty Health, as well as executive vice president of corporate strategy and business development. McKesson also announced today that Nick Loporcaro, president of McKesson's U.S. Pharmaceutical and Specialty Solutions segment, has decided to leave McKesson to pursue other opportunities. Upon Loporcaro's departure on August 10, Tyler will lead this segment directly until Loporcaro's replacement has been named.
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SSLJ | Hot Stocks09:02 EDT SSLJ.com announces top management changes - SSLJ.com announced that Warren Z. Wang was appointed as the Company's CEO, replacing Jianbao Li, and Ming Yi was appointed as Company's CFO effective July 29. Jianbao Li remains the Chairman of the Board of Directors. Warren Z. Wang has a long track record of business success in key roles in various institutions. Wang has been the Chairman of Wall Street IPO Consultation, a New York based financial advisory company, since 2012. He served as Chairman of the Board of China INSOnline Corp, formerly a Nasdaq listed company, from January 4, 2008 to February 1, 2011 and has served as Executive Director and Chairman of ZYTX Technology Co., Ltd from July 2007. Mr. Wang holds an Executive Master of Business Administration degree from Peking University. Ming Yi has extensive experience in finance, business administration and public accounting with his sector expertise spanning retail/wholesale distribution, financial services and manufacturing. From 2016 to 2018, Yi served as the CFO of Wave Sync.
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BAM FCE.A | Hot Stocks09:02 EDT Brookfield fund to acquire Forest City for $25.35 per share in $11.4B deal - Brookfield Asset Management (BAM) and Forest City Realty Trust (FCE.A) announced that they have entered into a definitive agreement under which a Brookfield real estate investment fund will acquire all of the outstanding shares of common stock of Forest City for $25.35 per share in an all-cash transaction valued at $11.4B, including Forest City's proportionate share of consolidated and unconsolidated debt. The purchase price represents a premium of 26.6% over Forest City's closing share price of $20.03 on June 15, 2018, the day prior to recent market speculation that Brookfield was engaging in discussions to acquire Forest City. The proposed transaction has been recommended by the Board of Directors of Forest City and is expected to close in the fourth quarter of 2018. In connection with the transaction, affiliates of Starboard Value LP and Scopia Capital Management LP, which own approximately 14% of Forest City's outstanding shares in the aggregate, have entered into merger support agreements whereby they have agreed to vote their shares in favor of the transaction at the Forest City special meeting. Completion of the transaction is subject to certain closing conditions, including the approval of Forest City's stockholders. The transaction is not contingent on receipt of financing. Forest City does not expect to pay its regular quarterly dividend during the pendency of the transaction. Due to the pending acquisition, Forest City will not be holding a conference call for its second quarter 2018 business results. Detailed financial information on the quarter will be released on August 2.
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FCE/A | Hot Stocks09:01 EDT Forest City Enterprises Inc trading resumes
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BAM FCE.A | Hot Stocks09:01 EDT Brookfield fund to acquire Forest City for $25.35 per share - Brookfield Asset Management (BAM) and Forest City Realty Trust (FCE.A) announced that they have entered into a definitive agreement under which a Brookfield real estate investment fund will acquire all of the outstanding shares of common stock of Forest City for $25.35 per share in an all-cash transaction valued at $11.4B, including Forest City's proportionate share of consolidated and unconsolidated debt. The purchase price represents a premium of 26.6% over Forest City's closing share price of $20.03 on June 15, 2018, the day prior to recent market speculation that Brookfield was engaging in discussions to acquire Forest City. The proposed transaction has been recommended by the Board of Directors of Forest City and is expected to close in the fourth quarter of 2018. The Forest City portfolio is comprised of a number of iconic assets across major gateway U.S. cities, including 6.3 million square feet of high-quality office space, 2.3 million square feet of premier life science assets, primarily in Cambridge, MA, 2.2 million square feet of retail space and 18,500 multifamily units, as well as five large-scale development projects in the New York Metro area, San Francisco and Washington, D.C. In connection with the transaction, affiliates of Starboard Value LP and Scopia Capital Management LP, which own approximately 14% of Forest City's outstanding shares in the aggregate, have entered into merger support agreements whereby they have agreed to vote their shares in favor of the transaction at the Forest City special meeting. Completion of the transaction is subject to certain closing conditions, including the approval of Forest City's stockholders. The transaction is not contingent on receipt of financing. Forest City does not expect to pay its regular quarterly dividend during the pendency of the transaction. Due to the pending acquisition, Forest City will not be holding a conference call for its second quarter 2018 business results. Detailed financial information on the quarter will be released on August 2, 2018.
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PG | Hot Stocks08:58 EDT Procter & Gamble says plans to monetize some innovations - Cites packaging licensing, plastic technology.
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NSM | Hot Stocks08:54 EDT Nationstar trading halted, news dissemination
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CMG... | Hot Stocks08:54 EDT Fly Intel: Pre-market Movers - UP AFTER EARNINGS: SunPower (SPWR), up 10%... Cognex (CGNX), up 8.5%... Illumina (ILMN), up 7%... Archer Daniels (ADM), up 4%... Oshkosh (OSK), up 3%. LOWER: Chipotle Mexican Grill (CMG), down 2% after the company closed a store in Powell, Ohio following reports of customer illnesses. The company said last night in a statement to Bloomberg: "We acted quickly and closed this single restaurant out of an abundance of caution and we are working with health officials to reopen this restaurant as soon as possible"... Castlight Health (CSLT), down 24% as Cantor Fitzgerald analyst Steven Halper said Castlight's beat in Q2 was overshadowed by the loss of large client Walmart (WMT) and the initiation of a cost-restructuring program to mitigate the loss of revenue in 2019... WisdomTree (WETF), down 4.5% after Citi analyst William Katz downgraded the stock to Sell. DOWN AFTER EARNINGS: Lumber Liquidators (LL), down 19%... Varonis (VRNS), down 20%... AK Steel (AKS), down 10%.
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URI | Hot Stocks08:53 EDT United Rentals completes $715M acquisition of BakerCorp - United Rentals announced that it has completed its previously announced acquisition of BakerCorp for a total purchase price of approximately $715M. The transaction was funded through a combination of cash and available capacity on the company's senior secured asset-based revolving credit facility. The company has updated its 2018 guidance solely to reflect the acquisition of BakerCorp.
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NETE | Hot Stocks08:50 EDT Net Element acquires recurring cash flow portfolio for $2.7M - Net Element announced it has acquired certain transactional services portfolio from Universal Payment Systems. Net Element through its subsidiary Unified Payments has acquired cash flow assets for a total of $2.7M, which are expected to generate well over $5M in gross profits over the next four years and expected to continue generating profits thereafter. The Company and UPS have enjoyed a successful and mutually beneficial partnership over the last five years. The newly acquired cash flow assets are expected to enhance the Company's profit margins.
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PXD | Hot Stocks08:50 EDT Pioneer Natural to sell West Panhandle field assets in Texas for $201M - Pioneer Natural announced that it has signed a purchase and sale agreement with an undisclosed buyer to sell all of its assets in the West Panhandle field in Texas for $201M, before normal closing adjustments. The transaction is expected to close during Q3, subject to the satisfaction of customary closing conditions and receipt of specified regulatory approvals.The assets being sold represent all of Pioneer's interests in the field, including all of its producing wells and the associated infrastructure. The sale of Pioneer's West Panhandle assets is expected to result in a pretax gain of $155M to $170M, which is expected to be recorded during Q3. Net production from West Panhandle field averaged approximately 6,000 barrels of oil equivalent per day during the first quarter of 2018.
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EXC | Hot Stocks08:46 EDT Exelon sells Oyster Creek Generating Station to Holtec - Exelon and Holtec International announced an agreement for Holtec to purchase Oyster Creek Generating Station. Under the terms of the agreement, which is subject to regulatory approvals, Holtec will assume ownership of the site, real property and used nuclear fuel. As the site's owner, Holtec will manage all site decommissioning and restoration activities. The transaction is expected to close in Q3 2019, pending the Nuclear Regulatory Commission's and other regulatory approval, and will not impact the scheduled shutdown of Oyster Creek, as previously announced. Holtec will be accelerating Oyster Creek's decommissioning timeline. As part of the sale agreement, CDI will offer employment to Oyster Creek decommissioning employees, effective upon the transaction closing. Holtec will submit a new Oyster Creek decommissioning plan, which must be reviewed and approved by the NRC. The process provides opportunities for public review and comment on the plan during the NRC evaluation period.
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UAVS | Hot Stocks08:45 EDT Ageagle Aerial Systems signs agreement to acquire Agribotix - AgEagle Aerial Systems has signed an agreement to acquire substantially all of the assets of Agribotix, a drone-enabled software company that provides advanced imaging and data analysis for sustainable and precision agriculture. The closing of the transaction is expected to occur within the next 30 days subject to standard closing conditions. To enhance AgEagle's recently announced sustainability initiatives, the company plans to integrate Agribotix's FarmLens data analytics platform within AgEagle's service offerings, providing the agricultural supply chain with advanced analytic capabilities to identify areas where they can build soil health and reduce water or chemical usage. The FarmLens software utilizes the data captured through remotely sensed imagery to develop crop reports for customers. These reports provide the customer with the high-resolution data needed to monitor crop health and track performance, which we believe increases crop yield and ensures the most sustainable practices are being used. Through the FarmLens platform, Agribotix has processed more than 1.3M acres of crops to create nearly 11,000 reports. The company has analyzed data from over 50 countries, examining 53 different crop types. The FarmLens platform can also directly integrate with several farm management systems, enabling users to maintain their current technology environment while enhancing the measurement of precision and sustainability metrics.
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MDGS | Hot Stocks08:43 EDT Pure Capital demands replacement of Medigus board of directors - Pure Capital announces that it has completed its acquisition of 217,696 ADRs of Medigus and as a result now holds more than 5% of the company. Upon the acquisition, and in accordance with Israeli regulations, Pure Capital sent a letter to Medigus' CEO, chairman of the board, and the directors, calling for an immediate general assembly meeting of the shareholders of Medigus and the dismissal of the internal members of the board. The replacement nominees, led by Professor Benad Goldwasser, have been carefully vetted and were selected following a thorough due diligence process. Goldwasser is a urological surgeon, inventor, entrepreneur, venture capital investor and co-founder of Medinol. In the letter, Pure Capital detailed previous actions which it believes have been harmful to shareholders. These actions, conducted by Medigus' management and board, include continual capital consolidations and capital raises under unfavorable terms. Furthermore, Pure Capital has requested that Medigus not execute disposition of the assets of the company, attempt to raise capital, or make public or private offerings until the meeting. Pure Capital is committed to fully replacing the internal members of the board of directors and substantially enhancing shareholder value in the process. According to the Israeli GCL, the meeting must be held no later than 21 business days from the date of the letter of demand.
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PBYI | Hot Stocks08:41 EDT Puma Biotechnology announces Health Canada acceptance for its Nerlynx NDS - Puma Biotechnology announced that Health Canada has accepted for review the company's new drug submission, or NDS, for the medicinal product Nerlynx for the extended adjuvant treatment of adult patients with early stage HER2-overexpressed/amplified breast cancer following adjuvant trastuzumab-based therapy. The NDS recently passed the mandatory validation period by Health Canada, the country's federal regulator for drugs and health products, and has now entered the review period.
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ABIO | Hot Stocks08:40 EDT ARCA Biopharma announces 'positive' outcome of End-of-Phase 2 meeting with FDA - ARCA biopharma announced that it has received guidance from the U.S. Food and Drug Administration following an End-of-Phase 2 meeting regarding the Phase 3 program for ARCA's pharmacologically unique beta-blocker Gencaro as a potential genetically-targeted treatment for atrial fibrillation patients with heart failure. Based on review of the Phase 2 GENETIC-AF trial results, as well as its alignment with previous Phase 3 pharmacogenetic substudy data, the FDA stated that data from a single pivotal Phase 3 clinical trial may be sufficient to support approval of Gencaro for the treatment of AF in patients with HF. The company, in consultation with the FDA, has established key elements of the Phase 3 clinical trial needed to support a New Drug Application, details of which will be confirmed via the FDA Special Protocol Assessment process. The FDA previously granted the Gencaro atrial fibrillation development program Fast Track Designation. As the Gencaro program is developing potentially the first genetically-targeted cardiovascular therapy, the FDA has suggested the Company submit a SPA application, which the Company anticipates submitting in the third quarter of 2018. ARCA anticipates initiating the Phase 3 clinical trial subject to securing additional financing through a strategic partnership and/or additional sales of the Company's securities. The pivotal Phase 3 clinical trial will likely entail a single randomized, active-controlled trial with the primary endpoint based primarily on AF Burden. AFB is defined as the amount of time per day a patient experienced AF, as measured by an implanted monitoring device. In the recently completed GENETIC-AF Phase 2B clinical trial, Gencaro showed a trend for 25% benefit over Toprol-XL in reducing AF recurrence as measured by AFB in a subgroup of patients with implanted devices in which AFB was monitored. For U.S. patients in this substudy, a trend for 51% benefit was observed. The Company believes that patients in GENETIC-AF who had AF secondary to an underlying HF pathophysiology showed evidence of superior benefit when treated with Gencaro compared to Toprol-XL. In contrast, patients in GENETIC-AF who had long-standing AF prior to the development of asymptomatic/mild HF did not appear to show benefit when treated with Gencaro compared to Toprol-XL. Accordingly, in the proposed Phase 3 clinical trial, the company plans to exclude this non-responsive subgroup and focus on patients who likely have AF driven by their underlying HF.
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FCE/A | Hot Stocks08:39 EDT Forest City Enterprises Inc trading halted, news pending
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UQM | Hot Stocks08:39 EDT UQM Technologies to open customer service center in Shanghai - UQM Technologies announced that it has signed a lease agreement in Shanghai, China to open a customer service center for both its fuel cell compressor systems and propulsions systems. The facility will allow UQM to provide quick turnaround for service and spare parts to UQM's customers, and eventually assemble the fuel cell compressor systems in that region. UQM has seen dramatic growth in its fuel cell compressor systems, particularly in China where the fuel cell market is expanding quickly. As the company has previously announced, China is at the beginning of developing fuel cell vehicles and fueling infrastructure, and by 2020 plans to have 10,000 fuel cell vehicles on the road with the infrastructure to support the growth. With the establishment of a physical location in Shanghai, UQM will now begin the process of creating a wholly-foreign-owned-entity in China. In alignment with management's overall long-term strategy, the WFOE will support UQM's other main undertakings in China, including the joint venture with China National Heavy Duty Truck and sourcing and purchasing key components.
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PG | Hot Stocks08:39 EDT Procter & Gamble says faces 'new challenges' to Gillette brand
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PG | Hot Stocks08:38 EDT Procter & Gamble says online sales grew 30% in FY18 - Said made "good progress" in two largest markets. Says continues to make "strong turnaround" in China. Says Brazil strike, Saudi Arabia hurt revenue in Q4. Comments from Q4 earnings conference call.
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NTN | Hot Stocks08:37 EDT NTN Buzztime is rolling out new series of digital arcade games in tablets - NTN Buzztime is rolling out a new series of self-published digital arcade games on Buzztime touchscreen tablets at over 2,700 locations. The first title, Buzztime Soccer, launched on June 1st alongside a $2,000 sweepstakes. Players entered by registering, then playing a round of Buzztime Soccer. Through the first week of July, there were over a half-million gaming sessions and the average time spent playing was about an hour.
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PLUS | Hot Stocks08:37 EDT ePlus names Douglas King CIO - ePlus announced that it has added Douglas King as chief information officer to its executive management team. As CIO, Mr. King will be responsible for delivering reliable, agile, and optimized IT systems and infrastructure to align with the Company's strategic vision. Prior to joining ePlus, King served as CIO and SVP of Administration at Landauer.
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TEUM | Hot Stocks08:36 EDT Pareteum awarded $5.5M contract by U.K. based e-commerce company - Pareteum announced that an established e-commerce solution company based in the U.K. has awarded Pareteum a 3-year agreement for $5.5M. Pareteum's Global Software Defined Cloud, or GSDC, Platform includes an e-commerce software enablement solution with the ability to incorporate multiple products, currency denominations, and, a multi-level commission structure for agents, sub-agents and retailers. Pareteum's GSDC introduces a new e-voucher system into the client's billing platform to provide flexibility in payment options and, now, providing transactions processing for multiple currencies in a variety of countries.
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SRDX | Hot Stocks08:34 EDT Surmodics IVD launches MatrixGuard Diluent - Surmodics has announced the launch and immediate availability of MatrixGuard Diluent. MatrixGuard Diluent provides assay developers unsurpassed blocking whereby matrix interferences are effectively blocked while the intended assay signal is maintained.
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NAKD CVS | Hot Stocks08:34 EDT Naked Brand announces agreement with CVS Health for Heidi Klum line - Naked Brand Group Limited (NAKD) has announced an agreement between its wholly-owned subsidiary Bendon Limited and CVS Health (CVS). Under the terms of the agreement, Bendon's master licensed Heidi Klum Intimates Solutions line has been featured in over 4,000 CVS locations across the United States. The line is carried in the cosmetics department, which typically see the highest foot traffic of any department within a CVS Health location and represents the largest single retail footprint of any Naked Brand Group Limited licensed or wholly-owned brand. According to a 2018 report by Statista, retail sales value of the women's accessories market in the U.S. totaled $31.9B in 2017.
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VYGR | Hot Stocks08:33 EDT Voyager Therapeutics' V-TAG judged 'substantially equivalent' by FDA - Voyager Therapeutics' Trajectory Array Guide, or V-TAG, device was judged to be "Substantially Equivalent" in a decision dated July 23, according to a 510(k) Premarket Notification posted to the FDA's website. Reference Link
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SVU | Hot Stocks08:33 EDT Blackwells to withdraw Supervalu director nominees, stockholder proposal
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SVU | Hot Stocks08:32 EDT Supervalu announces agreement with Blackwells Capital - SUPERVALU announced that it has entered into an agreement with Blackwells Capital. Pursuant to the terms of the agreement, Blackwells has agreed to withdraw its director nominees and vote all of its shares in support of SUPERVALU's full slate of directors at the company's upcoming 2018 Annual Meeting of Stockholders, to be held on August 16, 2018. Blackwells has also withdrawn its stockholder proposal to be considered at the 2018 Annual Meeting and agreed to abide by certain customary standstill provisions, which will be in effect until July 30, 2019. "We are pleased to have reached this agreement with Blackwells, as we may now dedicate our full attention to continuing to operate our business and to completing the transaction with UNFI, which delivers a substantial premium and immediate and certain value to our stockholders," said Donald Chappel, Chairman of the Board.
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CELH | Hot Stocks08:31 EDT Celsius Holdings appoints Edwin Negron-Carballo as CFO - Celsius Holdings announces the hiring of Edwin F. Negron-Carballo, as CFO. This addition to the leadership relieves CEO John Fieldly of his additional duties as Chief Financial Officer; a position which he held for his first six years with Celsius Holdings, Inc. Given the rapid growth which the company is experiencing both domestically and abroad, naming Negron-Carballo as CFO is timely. Edwin Negron-Carballo brings over 30 years of financial and operational experience to the organization. His background includes domestic and international experience with work in standardization and implementation of Six Sigma processes, in complex and dynamic environments. He is well versed in USGAAP and IFRS as a Certified Public Accountant and has significant experience in mergers and acquisitions.
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IPGP | Hot Stocks08:30 EDT IPG Photonics trading resumes
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BX | Hot Stocks08:27 EDT Blackstone to sell minority stake in PTI to John Hancock - Blackstone announced that funds managed by Blackstone Tactical Opportunities have agreed to sell a minority stake in Phoenix Tower International , or PTI to John Hancock. The stake was acquired by John Hancock and the John Hancock Infrastructure Fund is managed by the Power & Infrastructure team. Blackstone Tactical Opportunities invested in PTI in 2014. With 120 employees and headquartered in Boca Raton, FL, PTI manages over 3,500 owned sites, over 2,500 managed sites under marketing rights agreements and 974 km of fiber in 10 countries.
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HMNY | Hot Stocks08:22 EDT Helios and Matheson drops under $1 five days after 1-for-250 reverse split - Shares of Helios and Matheson, the majority owner of MoviePass, are back below $1 after a recent split of the stock and news that the service will not allow subscribers to order tickets for major releases. WHAT'S NEW: MoviePass subscribers were unable to order tickets to "Mission: Impossible - Fallout" this weekend, Business Insider is reporting. According to a source familiar with the matter, MoviePass CEO Mitch Lowe announced during an all-hands meeting on Monday that other major releases, like "The Meg" and "Christopher Robin," would not be available to order on the app. The source also noted Lowe's implication that other major releases would not be offered going forward. WHAT'S NOTABLE: Shares of Helios and Matheson (HMNY), which owns MoviePass, began trading on a split-adjusted basis on Wednesday, July 25. The company issued a demand note of $6.2M, which includes $5M in cash on July 27 after MoviePass stopped working on the evening of July 26. Shares plummeted 53% following the company's disclosure in a regulatory filing on July 27. PRICE ACTION: On July 30, shares of Helios and Matheson closed down 60% to 80c per share and as of this writing on July 31, shares continued lower in pre-market trading, dipping another 2.5%.
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OMF | Hot Stocks08:22 EDT OneMain Holdings raises FY18 net receivables for C&I view to up 8%-10% - In slides being presented on its Q2 earnings conference call, OneMain raised 2018 ending net receivables for the C&I segment to up 8%-10% from 5%-10%. Net charge-offs for C&I are now anticipated to be 6.5%-6.7%. The company sees FY18 operating expense up 5% and tangible leverage about 7.0x.
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NVLN | Hot Stocks08:21 EDT Novelion Therapeutics announces marketing authorization for Myalepta in EU - Novelion Therapeutics announced that the European Commission has granted marketing authorization for Myalepta, as an adjunct to diet, as a replacement therapy to treat the complications of leptin deficiency in lipodystrophy, or LD, patients with confirmed congenital generalized LD or acquired generalized LD in adults and children 2 years of age and above; or with confirmed familial partial LD or acquired partial LD, in adults and children 12 years of age and above for whom standard treatments have failed to achieve adequate metabolic control.
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IPGP | Hot Stocks08:19 EDT IPG Photonics board of directors authorizes $125M stock repurchase program - IPG announced that its Board of Directors has authorized a new $125M anti-dilutive stock repurchase program following the completion of its previous $100M repurchase program. Under the new anti-dilutive program, IPG management is authorized to repurchase shares of common stock in an amount not to exceed the greater of the number of shares issued to employees and directors under the Company's various employee and director equity compensation and employee stock purchase plans from January 1, 2018 through March 31, 2019 and $125M, exclusive of any fees, commissions or other expenses. Share repurchases will be made periodically in open-market transactions using the Company's working capital, and are subject to market conditions, legal requirements and other factors.
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HTZ APTV | Hot Stocks08:16 EDT Hertz and its Dolen subsidiary announce partnership with Aptiv - The Hertz (HTZ) and its fleet management subsidiary, Donlen, announced a new strategic partnership with Aptiv (APTV). Hertz will assist with the operations and management of Aptiv's Las Vegas autonomous vehicles (AVs). Aptiv's technology powers safe and reliable AVs in cities worldwide with Las Vegas serving as the initial North American commercial deployment market. The two companies will execute a phased approach to develop standard operating procedures for mobility-related AV fleets. The initial program is scheduled to launch this fall.
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LIFE | Hot Stocks08:16 EDT aTyr Pharma appoints Jill Broadfoot as CFO - aTyr Pharma announced that Jill Broadfoot has joined aTyr as CFO. Prior to joining aTyr, from January 2017 to July 2018, Broadfoot served as CFO of Emerald Health Pharmaceuticals.
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NWIN AJSB | Hot Stocks08:13 EDT Northwest Indiana Bancorp, AJS Bancorp announce definitive merger agreement - NorthWest Indiana Bancorp and AJS Bancorp announced they have executed a definitive merger agreement whereby NWIN will acquire AJSB and its wholly-owned subsidiary, A.J. Smith Federal Savings Bank. Under the terms of the merger agreement, stockholders of AJSB who hold 100 or more shares of AJSB common stock will receive 0.2030 shares of NWIN's common stock and $7.20 in cash for each issued and outstanding share of AJSB common stock, subject to possible adjustment, for total consideration that consists of approximately 55% stock and 45% cash. Stockholders of AJSB holding less than 100 shares of AJSB common stock will have the right to receive $16.00 in cash and no stock consideration for each share of AJSB common stock. Based on NWIN's closing stock price of $43.00 as of July 30, the merger consideration has an aggregate value of approximately $34.6M, which represents approximately 109% of tangible book value, and which includes unallocated shares held by the AJSB Employee Stock Ownership Plan, or ESOP, some of which will be cancelled at closing in order to satisfy the ESOP's outstanding loan balance. AJSB is a savings and loan holding company headquartered in Midlothian, Illinois with total consolidated assets of $191.8M as of June 30. A. J. Smith Federal Savings Bank was established in 1924 and serves the Chicagoland metropolitan market with three full service locations. NWIN expects the merger to be approximately 25c accretive to 2019 earnings per share, approximately 0.8% dilutive to tangible book value at closing, and expects the tangible book value earnback to be approximately 2.2 years using the cross-over method. Upon closing of the transaction, both Peoples Bank and NWIN expect to remain above well-capitalized standards on all regulatory capital ratios. The merger is expected to be completed early in the first quarter of 2019.
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EIGR | Hot Stocks08:12 EDT Eiger awarded patent for RTV-boosted lonafarnib by USPTO - Eiger BioPharmaceuticals announced that it has received the Notice of Allowance from the United States Patent and Trademark Office, or USPTO, for U.S. patent application number 15/335,327, entitled "Treatment of Hepatitis Delta Virus Infection." The allowed claims cover a broad range of ritonavir, or RTV-boosted lonafarnib, or LNF,doses and durations. Lonafarnib is an oral, small molecule farnesyl transferase inhibitor in development for the treatment of hepatitis delta virus infection. This Notice of Allowance concludes substantive examination of the patent application and after administrative processes are completed, is expected to result in the issuance of a U.S. patent with a term extending to 2035. Additional claims are being pursued in continuation applications.
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CSII | Hot Stocks08:11 EDT Cardiovascular Systems, Aerolase sign collaborative agreement to develop device - Cardiovascular Systems announced that it has signed an agreement with Aerolase Corp. to co-develop a new laser atherectomy device for physicians to use in more effectively treating multiple forms of arterial disease. Under the terms of the agreement, CSI made an undisclosed equity investment in Aerolase and will make additional equity investments as development milestones are met.
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RSLS | Hot Stocks08:11 EDT ReShape Lifesciences announces European trial to support CE-Mark of ReShape Vest - ReShape Lifesciences announced the company has commenced site initiation training for the first clinical trial site that will participate in the multi-center trial of the ReShape Vest to support CE Mark approval. The trial, which will include study centers in Spain, Germany, Belgium, The Netherlands and the Czech Republic, seeks to enroll up to 95 subjects who will be followed for two years. Primary endpoints in this trial include percent Total Body Weight Loss and adverse event rates at 12 months. Enrollment is expected to begin in the third quarter of 2018.
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NMRD | Hot Stocks08:10 EDT Nemaura Medical initiates studies of sugarBEAT product - Nemaura Medical announced it has initiated the first of a number of planned studies in support of a submission to the U.S Food & Drug Administration for approval of its sugarBEAT product, and further announced positive interim results from the home-use portion of this initial study. The interim results evaluated data from 25 patients, split approximately equally between Type I and Type II diabetics, each wearing sugarBEAT whilst going about their daily home/work routine for 1 or 2 non-consecutive days, for a total of 36 patient days. Each patient recorded up to 5 finger prick readings per day, at approximately equal intervals, over periods up to 14 hours. Readings were measured using the Abbott Freestyle Optimum neo Blood glucose meter.The results analysed 121 matched pair points between the BGM and sugarBEAT, and indicated 84.3% of the data points had an overall MARD of 10.63%, and an overall nominal MARD of 16.3%. It is the first time the company has published data from a home use study, which replicates all the challenges of real-world usage, and the data compares favorably to existing CGMs. The initial U.S. study is expected to enroll a total of 75 patients wearing the device over a 7-day period, including 3 days in a clinical setting. Initial U.S. study completion and FDA submission is anticipated in Q1 2019, alongside poster presentation at ATTD in Berlin in February 2019 for the in-clinic portion, which is designed to record approximately 16,000 matched data points.
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BLFS | Hot Stocks08:10 EDT SAVSU awarded patent by USPTO for cold chain technologies - SAVSU Technologies announced that the USPTO has issued a notice of allowance of patent number 10,018,614 B2, titled "Biologic Stability, Delivery Logistics and Administration of Time and/or Temperature Sensitive Biologic Based Materials". The inventors are Bruce McCormick, President of SAVSU Technologies, and Mike Rice, CEO of BioLife Solutions. SAVSU has been granted 3 patents and has 6 other pending patent applications related to novel innovations incorporated into current, or to be incorporated into future, precision thermal shipping containers under the evo brand, including models that precisely maintain biologic payload temperature stability across the entire shipping continuum including -196 degrees C using liquid nitrogen dry vapor shippers, -80 degrees C using dry ice, and 2 degrees - 8 degrees C and controlled room temperature using conditioned phase change insulating materials.
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PPSI | Hot Stocks08:10 EDT Pioneer Power announces new $2.4M switchgear order - Pioneer Power and CleanSpark announced that Pioneer's Switchgear segment has received a $2.4M equipment order as part of a contract for the new U.S. Embassy in Beirut, Lebanon. Pioneer's Switchgear segment is providing medium voltage switchgear, master control panels and other circuit protective equipment as part of the main electrical distribution service (normal and standby) for the facility. The job is expected to ship by the end of 2018.
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V | Hot Stocks08:09 EDT Visa renews Olympics partnership through 2032 - Visa and the International Olympic Committee announced an extension to Visa's Olympic sponsorship through 2032. As part of the renewal, Visa will continue its support of the International Paralympic Committee and the Paralympic Games.
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ALDX BMY | Hot Stocks08:08 EDT Aldeyra names Joshua Reed as CFO, succeeding Stephen Tulipano - Aldeyra Therapeutics (ALDX) announced the appointment of Joshua Reed as CFO. Reed will succeed Stephen Tulipano, the company's outgoing CFO. Prior to joining Aldeyra, Reed served as Vice President and Head of Finance for Bristol-Myers Squibb's (BMY) United States and Puerto Rico operations, a $12B business unit.
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ARNC | Hot Stocks08:08 EDT Arconic says strategy, portfolio review 'on track' - Arconic CEO Chip Blankenship said, "In the second quarter, Arconic delivered strong organic revenue growth and doubled adjusted free cash flow. We announced contract awards at the Farnborough International Airshow, providing groundwork for exciting growth with valued customers. We have initiated the sale process of our Building and Construction Systems business as the first outcome of our ongoing strategy review. Our team is delivering operational improvements where we need it the most. While there is plenty of work yet to be done, we are driving progress and generating positive momentum."
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BIOC | Hot Stocks08:08 EDT Biocept granted European Patent for Target Selector assays for ctDNA analysis - Biocept announces that it has been granted European Patent No. 2,705,162, entitled METHODS FOR DETECTING NUCLEIC ACID SEQUENCE VARIANTS. The patent provides intellectual property protection in seven European countries and is core to Biocept's Target Selector assays for ctDNA analysis using real-time PCR, Sanger sequencing and next-generation sequencing, or NGS.
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REED | Hot Stocks08:07 EDT Reed's appoints Iris Snyder as CFO - Reed's announced that it has completed negotiations for a lease on new office space and plans to relocate its company headquarters to Norwalk, CT soon after completing the exit of the company's production facility in Los Angeles, CA. The Company also announced enhancements to its corporate structure and leadership team. The company's move to Norwalk, CT, is consistent with its recent focus on a streamlined sales and marketing organization that is better positioned for future growth and enhanced profitability. Over the next several months, the company intends to exit its Los Angeles facility and transition its corporate operations to Norwalk, which will serve as headquarters for the company's operations, business development, sales and marketing, finance, supply chain, HR and other corporate functions. With key leadership already based in the Tri-State area, including support agencies leading the company's marketing, advertising and public relations efforts, this will ensure a seamless transition. In addition to the relocation announcement, the company enhanced its leadership. Dan Miles, CFO, has informed the company he will not be relocating to Connecticut with the move. Iris Snyder has recently joined the Reed's team and will succeed Miles as CFO. Miles will work with Snyder to ensure a smooth and successful transition.Iris Snyder was most recently SVP and CFO for Stoli Group USA. The company also announced the appointments of Philip Trotman as director of marketing and Beth Brown as director of Supply Chain and Procurement.
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GE LNTH | Hot Stocks08:07 EDT Lantheus, GE Healthcare start Phase 3 trial of Flurpiridaz F - GE (GE) Healthcare and Lantheus (LNTH) have started a second Phase 3 clinical trial of Flurpiridaz F, an investigational agent being evaluated for the detection of coronary artery disease, or CAD, the most common form of heart disease. CAD affects an estimated 15.5MAmericans 20 years of age or older and is the leading cause of death in the United States and in Europe, where CAD is responsible for 19% of all deaths among men and 20% of deaths among women each year. The AURORA study is an international, multicenter study to evaluate diagnostic efficacy of Flurpiridaz 18F Injection positron-emission tomography, or PET, myocardial perfusion imaging, or MPI, in the detection of CAD. In this prospective, open-label, study, patients with suspected CAD, for whom an intracoronary angiography has been indicated, will undergo a single-photon emission computed tomography MPI and Flurpiridaz 18F Injection PET MPI prior to the performance of coronary angiography. The primary endpoint is the diagnostic efficacy of Flurpiridaz 18F Injection PET MPI for the detection of significant CAD. The first patient was enrolled in the study in June 2018. A total of 650 patients will be enrolled, with the last patient follow-up projected to occur in August 2020.
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HSGX | Hot Stocks08:04 EDT Histogenics appoints E. Lynne Kelley as CMO - Histogenics Corporation announced the appointment of E. Lynne Kelley, M.D., FACS as its CMO. Dr. Kelley will join Histogenics' executive team and assume responsibility for leading medical affairs strategy and building out the department in anticipation of NeoCart's potential commercial launch. Dr. Kelley will also work with the team on preparing the anticipated Biologics License Application for NeoCart and spearheading related discussions with the United States Food and Drug Administration. Dr. Kelley is a board certified general and vascular surgeon having received her medical degree from Dartmouth Medical School and completed her Residency in General Surgery at Dartmouth Hitchcock Medical Center. In connection with the hiring of Dr. Kelley, the Compensation Committee of Histogenics' Board of Directors approved a grant to Dr. Kelley of a stock option to purchase 200,000 shares of Histogenics' common stock. The option was granted pursuant to the Nasdaq inducement grant exception as a component of Dr. Kelley's employment compensation, and was granted as an inducement material to her acceptance of employment with Histogenics in accordance with Nasdaq Listing Rule 5635(c)(4). The option will have an exercise price equal to the closing price of Histogenics' common stock on July 31, 2018. The option has a ten year term and vests with respect to 25% of the shares of common stock underlying the option on the one year anniversary of Dr. Kelley's first day of employment with Histogenics and with respect to the remaining shares in equal monthly installments over the following 36 months, subject to Dr. Kelley's continued service with Histogenics through the applicable vesting dates.
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SSNC | Hot Stocks08:03 EDT SS&C to acquire Eze Software in all-cash transaction of $1.45B - SS&C Technologies announced it has entered into a definitive agreement wherein SS&C will acquire Eze Software from TPG Capital. Eze Software is a leading global provider of investment management solutions designed to optimize operational and investment alpha throughout the entire investment process. The transaction represents a continuation of SS&C's proven strategy of adding talented people and technology through acquisitions. Under the terms of the agreement, SS&C will purchase Eze Software in an all-cash transaction of $1.45B. In 2017, Eze Software had total revenues of $280M and Adjusted EBITDA of $105M. SS&C expects $30M of run-rate costs savings, achieved by 2021. SS&C plans to fund the acquisition with a combination of cash and term loan debt. The transaction is expected to be immediately accretive to adjusted earnings per share. The transaction is expected to close by the fourth quarter of 2018 and is subject to clearances by the relevant regulatory authorities and other customary closing conditions.
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SSNC | Hot Stocks08:01 EDT SS&C to acquire Eze Software in all-cash transaction of $1.45B
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IPGP | Hot Stocks07:55 EDT IPG Photonics trading halted, news pending
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IGT | Hot Stocks07:51 EDT International Game reaffirms FY18 adjusted EBITDA $1.700B-$1.780B - Improved operating outlook mitigates an approximate $26M negative impact from foreign currency translation. Adjusting EUR/USD rate to 1.19 for full-year period compared to 1.22 used in previous outlook; assumes a EUR/USD rate of 1.17 for balance of year Continue to expect capital expenditures of $575M-$625M for 2018.
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TACT MCD | Hot Stocks07:50 EDT Transact Technologies names Haydee Olinger to board - TransAct Technologies (TACT) announced that Haydee Olinger has been appointed to the company's Board of Directors, effective Friday July 27. The appointment of Olinger to TransAct's Board of Directors increases the size of the Board to five members, four of whom are considered independent directors under Nasdaq rules. Olinger served in senior management roles for more than twenty years at the McDonald's Corporation (MCD), most recently as Global Chief Compliance and Privacy Officer from 2002 to 2015.
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LBY | Hot Stocks07:48 EDT Libbey reaffirms FY18 adjusted EBITDA margins view 10%-11% - Sees FY18 net sales increase in the low-single digits, compared to FY17 on a reported basis; capital expenditures $50M-$55M; and selling, general and administrative expense around 16%-16.5% of net sales.
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JEC MOS | Hot Stocks07:46 EDT Jacobs Engineering signs three-year contract with Mosaic Fertilizer - Jacobs Engineering (JEC) has received a contract from Mosaic Fertilizer (MOS) to provide small capital construction and maintenance services at its Uncle Sam and Faustina facilities in St. James Parish, Louisiana.
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FTV | Hot Stocks07:38 EDT Genstar Capital confirms deal to sell Accruent to Fortive for $2B in cash - Genstar Capital announced the signing of a definitive agreement to sell Accruent to Fortive for $2B.
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NVCR | Hot Stocks07:37 EDT Novocure announces published results of INNOVATE trial - Novocure announced that the results of its INNOVATE phase 2 pilot trial have been published in Gynecologic Oncology. The INNOVATE trial was a prospective, single-arm study testing the feasibility, safety and preliminary efficacy of Tumor Treating Fields combined with weekly paclitaxel in recurrent ovarian cancer. Tumor Treating Fields is a cancer therapy that uses electric fields tuned to specific frequencies to disrupt cell division, inhibiting tumor growth and causing affected cancer cells to die. Progression free survival of recurrent ovarian cancer patients treated with Tumor Treating Fields plus weekly paclitaxel was more than double that of weekly paclitaxel-treated historical controls. Median progression free survival in the Tumor Treating Fields-treated group was 8.9 months and median overall survival was not yet reached. Median one-year survival in the Tumor Treating Fields-treated group was 61%. The median compliance of patients with Tumor Treating Fields in the first three months of treatment was 77%. Two cases of severe skin irritation due to Tumor Treating Fields were reported. No other serious device-related adverse events were reported.
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NXRT | Hot Stocks07:35 EDT NexPoint Residential reports Q2 Same Store NOI up 11.0% - Reports Q2 Same Store properties average effective rent, occupancy and total revenue up 3.6%, 1.6% and 4.7%, respectively, over the prior year period.
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MBRX | Hot Stocks07:34 EDT Moleculin Biotech opens enrollment for brain tumor trial of WP1066 - Moleculin Biotech announced enrollment has opened for a physician-sponsored clinical trial of WP1066 for the treatment of glioblastoma and brain metastases in adults. The goal of this clinical research study is to find the highest tolerable dose of WP1066 that can be given to patients with recurrent cancerous brain tumors or melanoma that has spread to the brain. The safety of this drug will also be studied.
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FTV | Hot Stocks07:34 EDT Fortive enters definitive agreement to acquire Accruent for $2B - Fortive announced that it has entered into a definitive agreement with Genstar Capital to acquire Accruent, a privately-held, provider of physical resource management software for approximately $2B in cash. The acquisition is subject to customary closing conditions, including regulatory approvals, and will be financed with available cash and proceeds from borrowings. Fortive also announced the completion of its acquisition of Gordian. Accruent is recognized in the physical resource management industry, combining deep domain and industry capabilities with an integrated, cloud-based framework that provides insights spanning the full lifecycle of real estate, facilities and asset management. Accruent serves over 10,000 global customer. The transaction is expected to close in Q3. Fortive expects Accruent to generate approximately $270M of revenue in 2018. Upon closing, Accruent will become part of Fortive's field solutions platform within Fortive's professional instrumentation segment.
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PRIM | Hot Stocks07:33 EDT Primoris announces utility award valued over $11M - Primoris Services Corporation announced an electric utility award valued over $11M. The contract was secured by ARB Underground, part of the Utilities & Distribution segment. The award is for an underground transmission conversion project with a major utility customer in Southern California. The work involves installing nearly three miles of trench and conduit system between two substations, as well as installation of eleven vaults, thirteen telecom handholes, and one pier foundation. Work is scheduled to commence in the third quarter of 2018 and to be completed in the first quarter of 2019.
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QCOM | Hot Stocks07:32 EDT Qualcomm commences tender offer to purchase up to $10B of shares - Qualcomm announced that it commenced a "modified Dutch auction" tender offer to purchase up to $10B of shares of its common stock, or such lesser number of shares of its common stock as are properly tendered and not properly withdrawn, at a price not less than $60.00 nor greater than $67.50 per share of common stock, to the seller in cash, less any applicable withholding taxes and without interest. The Offer is made upon the terms and subject to the conditions described in the offer to purchase and in the related letter of transmittal. The closing price of Qualcomm's common stock on the NASDAQ Global Select Market on July 30, 2018, the last full trading day before the commencement of the Offer, was $62.04 per share. The Offer is scheduled to expire at 12:00 midnight, New York City time, at the end of the day on August 27, 2018, unless the Offer is extended. This Offer is the first step in a broader stock repurchase program that may include future open market transactions and/or accelerated share repurchase transactions. Qualcomm expects to execute on a substantial portion of its authorized $30 billion stock repurchase program by the end of fiscal year 2019.
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KURA | Hot Stocks07:32 EDT Kura Oncology appoints Marc Grasso as CFO, CBO - Kura Oncology announced the appointment of Marc Grasso, M.D., as CFO and CBO, effective August 21, 2018. Dr. Grasso succeeds Heidi Henson, who served as Kura's CFO since the company's inception in August 2014. Dr. Grasso joins Kura from Stifel, where he was managing director responsible for building and managing Stifel's west coast life sciences and biotechnology investment banking business.
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FTV | Hot Stocks07:31 EDT Fortive to acquire Accruent for approximately $2B in cash
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QCOM | Hot Stocks07:30 EDT Qualcomm commences tender offer to purchase up to $10B of shares
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MCO | Hot Stocks07:27 EDT Moody's appoints Mark Kaye CFO - Moody's announced that Mark Kaye will join the company on August 20 as senior VP and CFO. Kaye will oversee Moody's global finance activities and will also have executive responsibility for the company's investor relations and corporate services functions. He succeeds Jeffrey Hare as the company's principal financial officer. Kaye joins Moody's from Massachusetts Mutual Life Insurance, where he served as senior VP and head of financial planning and analysis, as well as CFO of MassMutual U.S.
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AST | Hot Stocks07:17 EDT Asterias provides 12 month Cohort 3 and 4 update for AST-OPC1 Phase 1/2a trial - Asterias Biotherapeutics provided additional data from the company's ongoing Phase 1/2a SCiStar study designed to evaluate the safety and potential efficacy of AST-OPC1 in the treatment of severe cervical spinal cord injury. The SCiStar study is an open-label, single-arm trial testing three escalating doses of AST-OPC1 in 25 subjects with subacute motor complete cervical spinal cord injury. These individuals have lost essentially all movement below their injury site and experience severe paralysis of the upper and lower limbs. Positive Safety Profile - Asterias has dosed 25 subjects with AST-OPC1 in the SCiStar study and a total of 30 subjects including the five subjects from a previous Phase 1 safety trial in thoracic spinal cord injury who have been followed for as long as seven years. To date, there have been no serious adverse events related to the AST-OPC1 cells.Cell Engraftment - 92% of Cohort 3 and 4 subjects have magnetic resonance imaging (MRI) scans at twelve months consistent with the formation of a tissue matrix at the injury site, which is encouraging evidence that AST-OPC1 cells have engrafted at the injury site and helped to prevent cavitation. The 12-month MRI results-to-date for 94% of the Cohort 2-4 subjects provide supportive evidence that AST-OPC1 cells have durably engrafted at the injury site and helped to prevent cavitation. In addition, 100% of Cohort 5 subjects had MRI scans at six months consistent with the formation of a tissue matrix at the injury site. Cavitation is a destructive process that occurs within the spinal cord following spinal cord injuries, and typically results in permanent loss of motor and sensory function. Additionally, a patient with cavitation can develop a condition known as syringomyelia, which results in additional neurological and functional damage to the patient and can result in chronic pain. Improved Motor Function - At 12 months, 100% of Cohort 3 subjects have recovered at least one motor level on at least one side, with one subject having recovered two motor levels on one side. At 12 months, 83% of Cohort 4 subjects have recovered at least one motor level on at least one side, with one subject having recovered two motor levels on one side. At twelve months, 94% of Cohort 2-4 subjects recovered at least one motor level on at least one side and 33% of these subjects recovered two or more motor levels on at least one side.
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ATTU | Hot Stocks07:17 EDT Attunity awarded $500,000 license agreement by European customer - Attunity announced that a leading asset management company based in Europe, has signed an enterprise license agreement for over $500,000 to use the Attunity Data Integration Platform. The Customer plans to deploy the Attunity solution to enable GDPR compliance as well as a strategic customer portal, with data delivered from a variety of on-premises data sources into Microsoft Azure SQL data warehouse on the cloud.
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INNT | Hot Stocks07:16 EDT Innovate Biopharmaceuticals announces research collaboration - Innovate Biopharmaceuticals announced it has agreed to collaborate with James Nataro, MD, PhD, MBA, the Benjamin Armistead Shepherd Professor and Chair, Director of Children's Services, UVA Children's Hospital of the University of Virginia School of Medicine, whose research is focused on the study of enteric bacteria and their roles in health and disease Dr. Nataro commented, "I am excited by this collaboration. Abnormalities of intestinal permeability underlie a host of human diseases such as environmental enteric dysfunction, known as EED. EED is a disorder that afflicts millions of children around the world, leading to growth faltering, cognitive delay and impaired resistance to infection."
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IRDM | Hot Stocks07:15 EDT Iridium raises FY18 revenue view to up 12%-14% from up10%-12% - Raises FY18 OEBITDA view to $290M-$300M from $280M-$290M. OEBITDA for 2017 was $265.6M.
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MIME | Hot Stocks07:15 EDT Mimecast acquires Solebit for about $88M - Mimecast announced it has acquired security software developer Solebit for approximately $88M net of cash acquired. Solebit's technology is engineered to provide a fast, accurate and computationally efficient approach for the identification and isolation of zero-day malware and unknown threats in data files as well as links to external resources. Further enhancing Mimecast's cyber resilience platform architecture, Solebit provides powerful threat protection to help customers face today's broad threat landscape with evasion-aware, signature-less technology. According to research Mimecast conducted with Vanson Bourne, more than 80 percent of organizations have seen both targeted and untargeted phishing attacks increase or stay the same over the last year. Additionally, cybercriminals are constantly adapting their attack methods, looking for new ways to bypass security solutions that look for specific behaviors or signature matches.
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AMT | Hot Stocks07:14 EDT American Tower says Steven Marshall to step down from U.S. Tower Division - American Tower announced changes to its U.S. Tower senior management team. Steven Marshall intends to step down from his position as Executive Vice President and President, U.S. Tower Division, effective August 1. Steve Vondran, who has been with American Tower for approximately 18 years, will succeed Marshall in this position, effective August 1. To assist in the transition of responsibilities, Marshall will assume the new role of strategic advisor, reporting to Jim Taiclet, through October 31.
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AKCA | Hot Stocks07:14 EDT Akcea says study results show benefits of patient-to-patient connectivity in FCS - Akcea Therapeutics announced the publication of results from the first-ever study demonstrating the benefits of patient-to-patient connectivity in the management of familial chylomicronemia syndrome. FCS is a rare, potentially life-threatening disease with multiple severe, daily and chronic manifestations that affect one's ability to work and engage in activities of everyday living. Results from the CONNECT study which surveyed both FCS patients and their caregivers were published this month in Expert Opinion on Orphan Drugs. In the CONNECT study, FCS patients and caregivers in the U.S. and Canada were asked to respond to a series of questions to highlight their level of connectivity with FCS-focused organizations and the perceived benefits that these associations provide. A total of 50 respondents self-identified as either actively or passively connected or not connected to any patient group. Respondents were asked to compare different measures of quality of life before and after connecting with an FCS support organization. Patients who reported some level of connection to FCS support organizations overall showed a marked improvement in perceptions of their overall health, disease outlook and emotional well-being compared to the period before making these connections. After connecting with patient support organizations, respondents reported that they were more likely to take steps to manage their health. Patients who were actively connected were three times as likely to report "high" or "extremely high" motivation in managing their health. As levels of connection increase, patients are also more likely to report higher levels of satisfaction with their primary treating physician.
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NOG | Hot Stocks07:14 EDT Northern Oil and Gas reports prelim. Q2 average production over 21,000 BOE/day - Northern is pre-announcing preliminary second quarter 2018 average production of over 21,000 Boe per day, which is substantially above consensus expectations. "Based on our preliminary estimates, production from our existing assets in the second quarter exceeded our expectations, driven primarily by outstanding organic well performance and a little less than a month of contribution from our recently closed Salt Creek acquisition," commented Northern's CEO. Brandon Elliott. "Upon the closing of both the Pivotal and W Energy acquisitions, we will be generating significant free cash flow along with below-peer leverage ratios. We look forward to welcoming Crestview Partners as another new, long-term shareholder."
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NOG | Hot Stocks07:13 EDT Northern Oil and Gas reports deal with W Energy Partners for asset acquisition - Northern Oil and Gas announced that it has entered into a definitive agreement with W Energy Partners for the largest acquisition in Northern's history. At closing, the acquisition will represent approximately 6,750 barrels of oil equivalent per day of production and 10,600 net acres in the core of the Williston Basin. Total consideration at closing will consist of $100 million in cash and 56.37 million shares of Northern common stock, which will be subject to an equity lock-up feature. Northern has entered into a definitive purchase agreement with an affiliate of W Energy Partners, a portfolio company of Crestview Partners. The assets to be acquired comprise 10,600 acres and, at closing, an estimated 6,750 Boe per day of production. The acquisition is expected to generate approximately $95 million in cash flow in 2019, with an estimated 2019 base capital plan of approximately $42 million, representing a 17% free cash flow yield based upon purchase price. Total consideration at closing will consist of $100 million in cash and 56.37 million shares of Northern common stock. The shares will be subject to a limited lock-up over a 13-month post-closing period, which includes a mechanism for additional consideration if Northern's stock trades below certain price targets. The acquisition is expected to close in approximately 60 days, with an effective date of July 1, 2018. "The W Energy acquisition will add robust drilling inventory under some of the best acreage in the Williston Basin," commented Northern's founder and President, Mike Reger. "This asset fits perfectly with Northern's existing core leasehold and drilling inventory and is highly complementary to our recently announced Pivotal acquisition. With significant excess cash flow from these acquisitions, we are in a position to further our strategy as the natural consolidator of non-operated working interests in the Williston Basin."
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WLH | Hot Stocks07:08 EDT William Lyon Homes sees FY18 new home deliveries approx. 4,400 to 4,700 units - "The strong performance in the first half of 2018 positions us well to achieve our goals for the year, and our updated expectations for the full year include new home deliveries of approximately 4,400 to 4,700 units, home sales revenue of approximately $2.25 billion to $2.35 billion, and pre-tax income before non-controlling interest of approximately $175 million to $185 million."
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WLH | Hot Stocks07:07 EDT William Lyon Homes reports Q2 new home deliveries of 1,082 homes, up 30% - Reports Q2: Net new home orders of 1,270, up 25%; Dollar value of orders of $623.1M, up 12%; Units in backlog of 1,648, up 28%; Dollar value of homes in backlog of $867.7M, up 15%; Average sales locations of 107, up 22%; Average sales price of new homes delivered of $479,100, down 6%.
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MAXR | Hot Stocks07:07 EDT Maxar Technologies reports order backlog of $3.05B as at June 30 - Compares to $3.32B as at December 31, 2017.
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ADM | Hot Stocks07:06 EDT Archer Daniels CEO sees 'strong' results in 2H18 - "Our team executed exceptionally well to deliver outstanding results in the second quarter," said ADM Chairman and CEO Juan Luciano. "We continue to accelerate the execution of our strategic plan -- optimizing our core, driving efficiencies, and expanding strategically -- generating more than $150 million in run-rate savings, announcing three acquisitions in Nutrition, and closing on two new joint ventures overseas. Our actions, combined with robust global demand, position us to navigate today's dynamic business environment and deliver strong results in the second half of 2018, and put us on a trajectory for continued future growth in earnings, returns and shareholder value."
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DORM | Hot Stocks07:05 EDT Dorman Products does not see 'significant' impact from tariffs in 2018 - The company said, "The Effective July 6th, the Office of the United States Trade Representative (USTR) imposed an additional duty of 25% on approximately $34 billion worth of Chinese imports containing industrially significant technologies, including those related to China's "Made in China 2025" industrial policy. These additional duties impact a subset of products that are manufactured for Dorman in China. We expect the impact of these additional duties, after mitigating actions including, but not limited to, price increases to our customers, will not be significant to our financial results in 2018. However, our current guidance does not reflect any additional tariffs or duties not already in effect as of the date of this release. "
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BMY | Hot Stocks07:04 EDT Bristol-Myers: EC approves Opdivo for treatment of adults with melanoma - Bristol-Myers Squibb announced that the European Commission has approved Opdivo for the adjuvant treatment of adult patients with melanoma with involvement of lymph nodes or metastatic disease who have undergone complete resection. This indication is for both BRAF mutant and wild-type melanoma patients. With this decision, Opdivo becomes the first and only PD-1 therapy to receive an EC approval in the adjuvant setting and has gained its eighth indication across six distinct tumor types in the European Union.
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CHTR | Hot Stocks07:03 EDT Charter CEO sees integrations 'nearly complete' by year end - "Over the last two years, we have invested significantly to quickly integrate and unify the operating strategies of three large cable operators. While that process is disruptive, it has allowed us to position our residential and commercial businesses for long term growth and success, which is beginning to show in our operating results. By the end of this year our integration will be nearly complete, and we will be operating as one company, with a unified product, marketing, and service infrastructure, which will allow us to accelerate growth and innovate faster," said Tom Rutledge, Chairman and CEO of Charter Communications.
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AME | Hot Stocks07:00 EDT Ametek completes Motec aquisition - Ametek announced that it has completed the acquisition of Motec GmbH, a provider of integrated vision systems serving the mobile machine vision market. Motec's vision products and integrated software solutions provide customers with improved operational efficiency and enhanced safety across a variety of critical mobile machine applications in transportation, agriculture, logistics and construction. Motec was a privately held company and is headquartered in Hadamar-Steinbach, Germany. The company has annual sales of approximately EUR30M and joins Ametek as part of its Electronic Instruments Group.
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GLT | Hot Stocks06:59 EDT Glatfelter sees FY18 shipping volumes up 6%-8% vs FY17 - Sees FY18 consolidated capital expenditures $60M-$62M; and effective tax rate on adjusted EPS 35% in the second half of 2018.
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OC | Hot Stocks06:59 EDT Owens Corning names Brian Chambers as COO, effective August 1 - Owens Corning announced that Brian Chambers has been appointed President and Chief Operating Officer effective August 1. Chambers has been President of Owens Corning's Roofing business since 2014. Under his leadership, revenues for the Roofing business grew 16% in 2017. Prior to his current position, Chambers was Vice President and General Manager for Roofing, a role he held since 2013.
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GLT | Hot Stocks06:57 EDT Glatfelter sees Q3 shipping volumes up 8% vs Q2 - Sees Q3 selling prices as well as raw material and energy prices are expected to increase slightly. Advanced Airlaid Materials' shipping volumes in the Q3 are expected to be in-line with the Q2, and selling, raw material and energy prices are expected to increase slightly.
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OSK | Hot Stocks06:57 EDT Oshkosh CEO sees 'solid results to close out fiscal 2018' - "We are pleased to report another quarter of solid performance, as our team members continued to execute our MOVE strategy," said Wilson Jones, president and CEO of Oshkosh Corporation. "Despite the uncertainty surrounding the impact of trade policies, market fundamentals for our businesses are positive. Combined with a strong pipeline of defense business and higher backlog in all segments compared to the prior year, we are confident as we head into the last quarter of our fiscal year. The challenges we noted last quarter still exist and continued to impact us in the third quarter. But, the team is making progress addressing these challenges and we expect solid results to close out fiscal 2018."
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PFE | Hot Stocks06:55 EDT Pfizer lowers FY18 effective tax rate to approximately 16% from 17%
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OSK | Hot Stocks06:51 EDT Oshkosh raises FY18 outlook
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PFE | Hot Stocks06:50 EDT Pfizer: Updated FY18 revenue guidance reflects unfavorable changes in FX - Revenue guidance was updated solely to reflect recent unfavorable changes in foreign exchange rates in relation to the U.S. dollar from mid-April 2018 to mid-July 2018, primarily the weakening of the euro, Chinese yuan and Japanese yen.
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PFE | Hot Stocks06:49 EDT Pfizer CEO says reported 'solid' Q2 results - Ian Read, Chairman and CEO, stated, "We reported solid second-quarter 2018 financial results, with total company revenues up 2% operationally, driven by the continued growth of key brands such as Eliquis, Ibrance and Xeljanz, as well as biosimilars and emerging markets. The performance of these growth drivers was partially offset by product losses of exclusivity, a decline in legacy Established Products in developed markets and ongoing legacy Hospira supply shortages. Regarding our investment in innovation, we continue to advance our pipeline, which we believe currently has the largest and most promising array of late-stage prospects it has had in decades. We are looking ahead to several potential near-term opportunities in core therapeutic areas, and continue to see the potential for approximately 25-30 approvals through 2022, of which up to 15 have the potential to be blockbusters. We continue to believe our pipeline positions us to deliver life-changing medicines to patients while enhancing shareholder value. In addition, we recently announced a new organizational structure. The new structure is a natural evolution of our business as we transition to a period post-2020 where we expect a higher and more sustained revenue growth profile driven by this new structure, the ongoing success of our in-market products, our advancing pipeline and a dramatic reduction in loss of exclusivity impacts." Frank D'Amelio, Executive Vice President, Business Operations and Chief Financial Officer, stated, "I am pleased with our results over the first-half of 2018, which keep us on track to deliver a solid financial performance this year. We are raising our 2018 guidance range for Adjusted diluted EPS, which at the midpoint implies 13% growth compared to last year. Additionally, in the first half of 2018, we returned $10.1 billion directly to shareholders through dividends and share repurchases, demonstrating our continued commitment to returning capital to our shareholders."
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WDR | Hot Stocks06:47 EDT Waddell & Reed reports Q2 AUM down 2% to $78.7B
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ATRO | Hot Stocks06:44 EDT Astronics subsidiary awarded contract by Jamco - Astronics announced that its wholly owned subsidiary, Astronics PGA, was awarded a contract to provide its next-generation seat motion and lighting systems for Jamco's new Venture seat program. Astronics PGA also entered into a long-term contract for potential future seat projects. Under the agreement, Astronics PGA will provide a complete seat motion and lighting system for passenger comfort in the Venture seat.
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SOL BAM | Hot Stocks06:42 EDT ReneSola, Brookfield affiliate enter exclusivity agreement to sell DG assets - ReneSola (SOL) announced the signing of an exclusivity agreement with an affiliate of Brookfield Asset Management (BAM). Under the exclusivity agreement, the company has agreed to negotiate exclusively with the buyer to sell the company's distributed generation , or DG, operating assets in China, with a total capacity of 206.8MW over a 60-day period. The buyer intends to acquire the project-based special purpose vehicles associated with the 206.8MW DG operating assets, which are owned by Zhejiang ReneSola Investment, ReneSola's subsidiary that holds the company's DG projects in China. There is no assurance that the company and the buyer will enter into a definitive agreement for a potential transaction and there is no assurance as to the form, terms or timing of any transaction even if an agreement is reached between the parties.
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LKSD | Hot Stocks06:41 EDT LSC Communications announces strategic investment in MAZ Systems - LSC Communications announced an equity investment and the signing of a definitive reseller agreement with MAZ Systems Incorporated. MAZ is a New York City-based content logistics company that enables brands, media and publishers to publish any content to various output channels, including mobile applications, OTT, social media, video and news aggregators, gaming consoles, voice assistants, wearable technology and more. LSC will harness MAZ's technology to complement and expand its legacy platform to expose clients to new distribution solutions that help streamline and accelerate their business strategies beyond print.
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NTDOY | Hot Stocks06:41 EDT Nintendo says no revision to previous financial forecast - Nintendo says: "For Nintendo Switch, hardware sales in every region have been trending upwards since the video game expo, E3, was held in the US in June. In parallel with an increase in digital sales, software sales also have been moving in good shape towards the holiday season. Between this summer and the end of the year, Captain Toad: Treasure Tracker will be released in July, followed by Nintendo Labo Toy-Con 03: Vehicle Kit as the third Nintendo Labo product in September and Super Mario Party in October. The latest series titles, Pokemon Let's Go, Pikachu! and Pokemon: Let's Go, Eevee! will be released in November, and then Super Smash Bros. Ultimate will be released in December. We also expect to release several key titles from other software publishers as we continue to offer attractive titles that are filled with variety. In September, we plan to launch Nintendo Switch Online, our paid service that expands online functionality for Nintendo Switch. Through all of these efforts, we are working to further accelerate the already great momentum of Nintendo Switch. For Nintendo 3DS, we will continue to leverage the platform's rich software library and its hardware install base to further expand sales of evergreen titles. For the smart-device business, we plan to release a new original game application titled Dragalia Lost this summer, as well as ourMario Kart application for smart devices, Mario Kart Tour, by the end of this fiscal year. As we introduce these new game applications, we will also focus on continued operations for applications that have already been released so that consumers can enjoy playing them for a long time. There is no revision to the financial forecast for this period originally published on April 26, 2018."
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NTDOY | Hot Stocks06:40 EDT Nintendo says sold 1.8M Switch consoles in Q1 - Nintendo says, "During the first quarter of this period, for Nintendo Switch, Donkey Kong Country: Tropical Freeze was released in May and became popular, selling 1.40 million units worldwide. Mario Tennis Aces, released in June, is also off to a good start, with 1.38 million units sold. We also released Nintendo Labo in April as an offering of new ways to play that gained a lot of attention globally, and was very well received by consumers who purchased it. Sales of Nintendo Labo series overall reached 1.39 million units. Additionally, sales of popular titles released during the previous fiscal year, and of titles released by other software publishers are showing steady growth. As a result, hardware and software sales came to 1.88 million units, and 17.96 million units respectively. Hardware sales of Nintendo 3DS, now in its 8th year since launch, reached 0.36 million units sold, while 2.95 million software units were sold. We also re-launched the Nintendo Entertainment System: NES Classic Edition in June, and recorded sales of 1.26 million units. Turning to our digital business for dedicated video game platforms, sales of downloadable versions of packaged software and add-on content for Nintendo Switch showed especially good growth, bringing digital sales to 18.5 billion yen. In our smart-device business, consumers are continuing to enjoy currently available titles like Super Mario Run, Fire Emblem Heroes and Animal Crossing: Pocket Camp. Smart devices and IP related income reached 9.0 billion yen.
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ESALY MRK | Hot Stocks06:38 EDT Eisai, Merck: FDA grants Breakthrough Therapy designation for LENVIMA - Eisai Co. (ESALY) and Merck (MRK) announced that the U.S. FDA granted Breakthrough Therapy designation for LENVIMA, the orally available kinase inhibitor discovered by Eisai, in combination with Merck's anti-PD-1 therapy KEYTRUDA for the potential treatment of patients with advanced and/or metastatic non-microsatellite instability high/proficient mismatch repair endometrial carcinoma who have progressed following at least one prior systemic therapy. The LENVIMA/KEYTRUDA combination therapy is being jointly developed by Eisai and Merck as part of the strategic collaboration announced in March 2018. This is the third Breakthrough Therapy designation for LENVIMA and the second Breakthrough Therapy designation for LENVIMA in combination with KEYTRUDA, following the Breakthrough Therapy designation for the combination for advanced and/or metastatic renal cell carcinoma announced in January 2018.
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I | Hot Stocks06:35 EDT Intelsat reports Q2 backlog $8.7B - At June 30 Intelsat's contracted backlog, representing expected future revenue under existing contracts with customers, was $8.7B, including approximately $1.1B attributable to ASC 606. Excluding the effects of ASC 606, contracted backlog was $7.5B, as compared to $7.6B at March 31.
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BTE | Hot Stocks06:32 EDT Baytex Energy reports Q2 production 70,664 boe/ - Reports Q2 exploration and development capital expenditures of $79M.
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ETN | Hot Stocks06:30 EDT Eaton raises FY18 outlook
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CS | Hot Stocks06:29 EDT Credit Suisse says 'on track' to achieve 10%-11% group RoTE 2019 target - Looking ahead, Credit Suisse says: "The outlook for global economic growth in 2H18 remains positive. However, geopolitical developments and growing tensions surrounding global trade, as well as the impact of monetary policy changes by central banks, are likely to trigger periods of heightened uncertainty through the remainder of 2018. That uncertainty has, over time, the potential to negatively affect confidence, which in turn could impact a wide range of asset classes and activities, relevant for our more market-dependent activities. Looking at the rest of the year, we believe that the growth potential of our Wealth Management related businesses of Switzerland, Asia Pacific and International Wealth Management remains intact and we expect them to continue to benefit from broad-based, client-led growth in 2H18 as we support our clients and allocate capital to our highest returning business opportunities. The progress we have made - 10 quarters into the implementation of our restructuring - combined with a number of decisions and actions that are under our control, leave us on track to achieve our 10-11% Group RoTE 2019 target."
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PAGS | Hot Stocks06:26 EDT PagSeguro Digital sees Q2 TPV R$16.9B - Sees Q2 net Income of approximately R$228M and Non-GAAP Net Income of approximately R$242M.
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SOI | Hot Stocks06:24 EDT Solaris Oilfield expect to end Q3 with 144-146 systems in the fleet - the company said, "Based on current industry activity levels, we believe we have approximately 28% overall market share in the U.S. which represents the leading share for new technology proppant handling solutions. Secular increases in proppant consumption rates, supply chain disruptions and logistics complexities continue to drive demand for our products and services. Based on our current manufacturing outlook, we expect to end the Q3 with 144 to 146 systems in the fleet and 160 to 170 systems by the end of the Q4. The first phase of construction of the Kingfisher Facility was completed last week on time and on budget. The facility now has 30,000 tons of high efficiency vertical storage and over 46,000 feet of rail track. Since commencing transloading activity in January 2018, we have transloaded proppant for our anchor tenant, a leading STACK exploration and production company, and four additional customers."
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UTHR MDT | Hot Stocks06:24 EDT United Therapeutics announces FDA approval of Remodulin ISR NDA - United Therapeutics (UTHR) announced approval by the FDA of a new drug application, or NDA, for the use of Remodulin injection in the Implantable System for Remodulin, or ISR. The ISR has been developed under a collaboration with Medtronic (MDT). In December 2017, Medtronic received FDA approval of a premarket application, or PMA, for a proprietary intravascular infusion catheter to be used with its SynchroMed II implantable infusion pump and related infusion system components in order to deliver Remodulin for the treatment of pulmonary arterial hypertension, or PAH. Remodulin was originally approved by the FDA to treat PAH by continuous subcutaneous and intravenous routes of administration in 2002 and 2004, respectively, using external pumps. In the case of intravenous users, the therapy can be very burdensome and brings a risk of sepsis due to the use of a central indwelling catheter. The ISR provides patients a new option for delivery of intravenous Remodulin, where the entire delivery system is implanted into the body and will be refilled by healthcare professionals at intervals of up to 16 weeks depending on the patient's dose, using a syringe needle through the patient's skin.
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TSLA STX | Hot Stocks06:23 EDT Tesla names former Seagate CFO Dave Morton as chief accounting officer - Tesla (TSLA) said in a blog post: "At Tesla, we continue to bring on key new talent and grow the Tesla leadership team. Today, we are pleased to welcome Dave Morton as our Chief Accounting Officer. Dave joins us from Seagate Technology (STX), a global provider of data storage technology and solutions, where he held multiple leadership roles since joining the company in 1995. Dave most recently served as Executive Vice President and Chief Financial Officer at Seagate and will bring more than two decades of significant financial and accounting expertise to Tesla. He will report to CFO Deepak Ahuja and be responsible for Tesla's corporate financial reporting and global accounting, payroll, tax, and trade activities." Reference Link
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MDT UTHR | Hot Stocks06:19 EDT Medtronic receives FDA approval for Implantable System for Remodulin - Medtronic (MDT) has received U.S. FDA approval for the Implantable System for Remodulin to treat patients with pulmonary arterial hypertension. Through a first-of-its-kind collaboration, the Medtronic SynchroMed II drug delivery system and cardiac catheter technologies were leveraged to deliver the PAH medication Remodulin Injection developed by United Therapeutics (UTHR). United Therapeutics will lead the commercial promotion of the ISR, with Medtronic support.
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YGYI | Hot Stocks06:17 EDT Youngevity International subsidiary wins 5-year contract worth about $250M - Youngevity International announced that its wholly owned subsidiary, CLR Roasters, has entered into a 5-year contract for the sale and processing of over 41 million pounds of green coffee on an annual basis. Based on current coffee prices and coffee futures it is estimated that this contract will generate revenues in excess of $50 million dollars per year for each year of the 5 year contract. The purchaser of the coffee is a major coffee importer and exporter with over 7 decades of industry experience and supply to many of the largest coffee brands in the industry. The relationship with the distribution partner was established with CLR Roasters when they began their green coffee distribution and processing business just four years ago and has been growing steadily each year. Revenue for this contract covers the period 2019 through 2023 with first shipments to begin in January of 2019.
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AHH | Hot Stocks06:17 EDT Armada Hoffler reports Q2 Same Store NOI up 2.1%
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SLCA | Hot Stocks06:14 EDT U.S. Silica sees oil and gas volumes up 20%-25% - "The Company anticipates that its capital expenditures for 2018 will be approximately $350 million. For the third quarter, we expect volumes in Oil & Gas to be up in the range of 20 to 25 percent as we ramp our new capacity in West Texas and bring our Brownfield expansion projects fully online. We expect to sell up to 80% of our total Oil and Gas volumes under long term supply agreements," the company said.
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ATHX | Hot Stocks06:13 EDT Athersys enrolls first patient at Phase 3 study for MultiStem - Athersys announced that the first patient has been enrolled its Phase 3 study entitled, MultiStem Administration for Stroke Treatment and Enhanced Recovery Study-2 to evaluate MultiStem cell therapy treatment of patients who have suffered an ischemic stroke. The MASTERS-2 clinical trial is a randomized, double-blind, placebo-controlled clinical trial designed to enroll 300 patients in North America and Europe who have suffered moderate to moderate-severe ischemic stroke.
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STDY UTHR | Hot Stocks06:12 EDT SteadyMed sharehoolders approve acquisition by United Therapeutics - SteadyMed (STDY) announced that SteadyMed shareholders voted to approve the previously announced acquisition of the company by United Therapeutics (UTHR) at an extraordinary general meeting of shareholders held on July 30. SteadyMed shareholders also approved the non-binding advisory proposal regarding executive compensation related to the acquisition. Upon completion of the acquisition, SteadyMed shareholders will be entitled to receive $4.46 per share in cash and one contractual contingent value right per share, which will represent the right to receive $2.63 in cash upon the achievement of a milestone related to the commercialization of Trevyent.
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HPQ | Hot Stocks06:10 EDT HP Inc. launches first print security bug bounty program - HP Inc. announced the industry's first print security bug bounty program, underscoring its commitment to deliver the world's most secure printersi. HP selected Bugcrowd, a global leader in crowdsourced offensive security, to manage vulnerability reporting, further enhancing HP's business printer portfolio. With HP's extensive history of device security innovation and driving new industry security standards, this print-focused bug bounty program is yet another way HP is leading the way when it comes to providing the highest-level security for its customers and partners.
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PFE | Hot Stocks06:09 EDT Pfizer receives EC approval for oncology biosimilar TRAZIMERA - Pfizer announced the European Commission has approved TRAZIMERA, a biosimilar to Herceptin, for the treatment of human epidermal growth factor overexpressing breast cancer and HER2 overexpressing metastatic gastric or gastroesophageal junction adenocarcinoma. This approval follows the recommendation from the Committee for Medicinal Products for Human Use in May 2018.
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DFS | Hot Stocks06:07 EDT Discover, NCCC to form strategic network alliance - Discover Financial Services and National Credit Card Center of R.O.C., signed an agreement to form a strategic network alliance and expand its existing acquiring relationship. Currently, Discover, Diners Club International, and network affiliate cards are accepted on the NCCC network in Taiwan. The new agreement will allow acceptance of NCCC Global Cards outside of Taiwan on the Discover Global Network. NCCC is a non-profit foundation that provides card issuing member institutions with centralized processing services, including international credit card brand licensing and sponsorship, a shared information system, as well as merchant network setup. NCCC will continue to work with Taiwanese merchants to ensure acceptance of Discover, Diners Club and affiliate network cards on their network. The agreement also allows for all banks in Taiwan to begin issuing NCCC Global Cards. The cards will be issued by Taiwanese banks after enrolling in the Global Card program and run on their network domestically, while Discover Global Network will be enabling global acceptance for the card.
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LL | Hot Stocks06:06 EDT Lumber Liquidators reports Q2 SSS up 4.7%
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AWI | Hot Stocks06:04 EDT Armstrong World authorizes additional $300M share repurchase program - The AWI Board of Directors authorized an expansion of the company's existing stock repurchase program under which it may repurchase up to an additional $300M of its outstanding common stock. This additional repurchase authorization extends through October of 2020.
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KBR | Hot Stocks05:55 EDT KBR awarded FEED plus EPCM option contract by Methanex - KBR announced it has been awarded a reimbursable Engineering, Procurement and Construction Management, or EPCM, contract by Methanex Corporation for providing Front End Engineering Design, or FEED, services for a 5000 MTPD world-scale methanol plant to be located adjacent to their existing Geismar, Louisiana facilities. Under the terms of the contract, KBR will work closely with Methanex to provide FEED services for a third methanol operating plant at the site. The FEED work, which will be executed from KBR's Houston Operations Center, is expected to be completed over the next 12 months with Final Investment Decision expected by mid-2019.
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CMG | Hot Stocks05:49 EDT Chipotle closes Ohio restaurant on illness reports, shares drop - Chipotle Mexican Grill yesterday closed a store in Powell, Ohio following reports of customer illnesses. The Mexican food chain said last night in a statement to Bloomberg: "Our protocols identified a handful of illness reports at one restaurant in Powell. We acted quickly and closed this single restaurant out of an abundance of caution and we are working with health officials to reopen this restaurant as soon as possible." Chipotle shares in premarket trading are down 2%, or $9.07, to $456.40. Jefferies this morning upgraded the shares to Buy from Hold with a $550 price target.
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ALLT | Hot Stocks05:44 EDT Allot Communications selected by Tier 1 Northern European mobile operator - Allot Communications announced that a Tier 1 Northern European mobile operator has chosen Allot ClearSee Network Analytics for a better understanding of what end users are doing on both mobile and fixed networks through flexibile reporting and granular information. The Allot ClearSee solution will allow one of Northern Europe's prominent mobile operators to make better business decisions with improved internal strategy, marketing, and planning functions through an optimized network infrastructure. Allot's ClearSee solution allows mobile operators to access information in real-time from all aspects of business for augmented service and cost-effectiveness based on a variety of application, user, device, quality of experience, and security data records. By managing network performance and user satisfaction under a single solution, service providers can effectively and efficiently measure, track, and record data while transforming business objectives to enhance target customer goals.
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CCM | Hot Stocks05:41 EDT Concord Medical signs cooperation agreement with Peking University Hospital - Concord Medical Services Holdings announced that Concord Medical signed a cooperation agreement with Peking University International Hospital. Under the cooperation agreement, Concord Medical will provide comprehensive services for the Department of Radiotherapy and Nuclear Medicine of Peking University International Hospital. Peking University International Hospital is a hospital affiliated to Peking University Medical School and has a good reputation in the medical industry. It has a total construction area of 440,000 square meters with 1,800 beds. As the first U.S. listed medical service company in China, Concord Medical is experienced in providing radiation therapy and diagnosis imaging services, and provides patients with the advanced technical standards, quality control procedures and multidisciplinary treatments of the top cancer treatment institutions in the United States. Through this cooperation, both parties will develop their respective advantages and strive to provide quality multidisciplinary medical services for patients in Beijing and the surrounding areas.
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WU | Hot Stocks05:39 EDT Western Union enters partnership with Aquila Heywood - Western Union announces a renewed partnership between its global payments business line, Western Union Business Solutions and Aquila Heywood, the UK and Ireland's largest pensions system provider. The extended partnership allows Aquila Heywood's customers to use Western Union's retail locations to perform their annual existence checking, providing a low-risk solution that solves the pain points associated with existence checking and enhances the service provided to their customers.
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APDN | Hot Stocks05:38 EDT Applied DNA Sciences signs MOU with Everledger - Applied DNA Sciences and Everledger have signed a Memorandum of Understanding, or MOU, to execute a co-marketing and development plan for the two companies' platforms with an objective of providing integrated physical and digital security for supply chain traceability and certification for high-end brands and products. Under the MOU, Applied DNA and Everledger will collaboratively integrate their respective technology platforms and pursue various market opportunities, including leather. The two companies have identified several prospects for the combined platform and are actively developing the system for the demonstration of tagging and in-field authentication data posting to the digital transactions, thereby reinforcing molecular certification with immutable transactions. The proposed combination of the Everledger blockchain-enabled platform with Applied DNA's CertainT platform is designed to broaden the capability to track the movement and chain of custody of goods across complex ecosystems, while strengthening the protection of physical goods with forensic identity and traceability embedded in items themselves. The design expands on the proven functionality of the CertainT platform to support millions of tagging datapoints and thousands of sample submissions.
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SEDG | Hot Stocks05:26 EDT SolarEdge extends lawsuit against Huawei, distributor in Germany - SolarEdge Technologies announced that it has extended its lawsuit pending in the Mannheim District Court, Germany, against Huawei Technologies Co., Ltd., a Chinese entity, Huawei Technologies Dusseldorf GmbH, a German entity, and WATTKRAFT Solar GmbH, a German distributor for Huawei, by asserting two additional patents related to its power optimizer technology. Also with regard to these two additional patents, SolarEdge asserts unauthorized use of patented technology, which is prohibited by law, and is intended to protect SolarEdge's significant investment in its innovative power optimizer technology. Seeking inter alia monetary damages, an injunction with regard to the German market, and recall of infringing Huawei optimizers from the German market, the lawsuits are intended to prevent the defendants from selling any optimizers as far as they do infringe upon SolarEdge's IP on either of the two patents now asserted in Germany.
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RHHBY FMI | Hot Stocks05:18 EDT Roche purchases shares in tender offer for Foundation Medicine - Roche (RHHBY) and Foundation Medicine (FMI) announced that Roche's wholly owned subsidiary 062018 Merger Subsidiary, Inc. has accepted for payment all shares validly tendered and not validly withdrawn pursuant to its tender offer for all outstanding shares of common stock of Foundation Medicine not already owned by Roche or its affiliates, at a price of $137.00 per share in cash. The tender offer expired at 12:00 midnight, Eastern Time, at the end of the day on 30 July 2018 and was not extended. Roche has been advised by Citibank, N.A., the depositary for the tender offer, that a total of approximately 12,535,376 shares of Foundation Medicine's common stock were validly tendered and not validly withdrawn in the tender offer, which represent approximately 77.28% of the total number of shares of Foundation Medicine's common stock outstanding. Following completion of the merger, Foundation Medicine will become a wholly owned subsidiary of Roche and Foundation Medicine's shares will cease to be traded on the NASDAQ Stock Market.
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PGNX | Hot Stocks05:15 EDT Progenics announces FDA approval for Azedra - Progenics Pharmaceuticals announced that the FDA has approved the New Drug Application, or NDA, for Azedra 555 MBq/mL injection for intravenous use. Azedra, a radiotherapeutic, is indicated for the treatment of adult and pediatric patients 12 years and older with iobenguane scan positive, unresectable, locally advanced or metastatic pheochromocytoma or paraganglioma who require systemic anticancer therapy. Azedra is the first and only approved therapy for this indication.
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LBTYA | Hot Stocks05:13 EDT Liberty Global announces $500M increase to share buyback program - Liberty Global announced sale of UPC Austria to T-Mobile Austria for an enterprise value of $2.2B, equal to nearly 11x UPC Austria's estimated 2017 adjusted segment operating cash flow. The proceeds, after taking into account the repayment of debt that we attribute to UPC Austria, will be approximately $1.1B. These proceeds will be used to increase our share repurchase program by $500 million and to repay additional debt across select credit pools of Liberty Global. Liberty Global's board authorized this increase to the buyback program in connection with the closing of the sale. The increase supplements our previously announced $2B share repurchase program, which we intend to complete by year-end 2018. The incremental $500M announced can be spent at any time over the next 12 months.
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