Stockwinners Market Radar for January 08, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
AUO | Hot Stocks20:10 EDT AU Optronics unveils ultra large 8K4K ALCD leads TV display standard - AU Optronics announced its participation to CES 2019 from January 8 to 11, with exhibition highlights spanning from smart home, gaming to vehicle applications, including the world's first mass produced 85-inch 8K4K bezel-less ALCD TV display, AHVA gaming monitor display boasting the fastest response time, gaming notebook PC display with mini LED backlight and HDR, LTPS notebook PC display with ultra low power consumption, and ultra high resolution vehicle cockpit display adopting direct bonding lamination. The Company also announced that it has partnered with global electronics giants to form the 8K Association to jointly promote 8K ecosystem development. While 5G, AI and IoT converge to usher the next technological revolution, AUO is dedicated to presenting ever more innovative display applications and technologies, and offers all-round smart solutions centering hardware and software integration to create the most value for its customers.
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DPW | Hot Stocks19:33 EDT DPW Holdings receives notice of noncompliance with NYSE - DPW Holdings announced that on January 4, 2019 it had received a deficiency letter from NYSE American, LLC indicating that the Company is not in compliance with the continued listing standards. Specifically, the Letter informed the Company that the Exchange has determined that the shares of the Company's common stock have been selling for a low price per share for a substantial period of time and the Company's continued listing is predicated on the Company effecting a reverse stock split of the Shares no later than July 4, 2019.
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CBMG | Hot Stocks19:31 EDT Cellular Biomedicine initiates recruitment for clinical trial in MM study - Cellular Biomedicine announces the initiation of patient recruitment to support the study of anti-BCMA CAR-T therapy targeting relapsed and refractory Multiple Myeloma in China.
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APHA | Hot Stocks19:23 EDT Aphria completes first shipment of medical cannabis to Shoppers Drug Mart - Aphria announced that it has completed its first shipment of medical cannabis to Shoppers Drug Mart. The Company had previously announced a supply agreement with Shoppers Drug Mart.
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VIRT... | Hot Stocks18:58 EDT Fly Intel: After Hours Movers - UP AFTER EARNINGS: Virtu Financial (VIRT) up 7.4% after guiding Q4 revenue above consensus... Skyworks (SWKS) up 3.2% after Q1 guidance. ALSO HIGHER: NeoGenomics (NEO) up 8.4% after being admitted to S&P SmallCap 600 index... New Gold (NGD) up 7.4% after JPMorgan upgrade to Neutral... JC Penney (JCP) up 3.3% after reporting 9-week holiday SSS... Diebold (DBD) up 3.2% after upgrade from DA Davidson... Apple (AAPL) up 0.2% after CEO Cook comments on CNBC's Mad Money that company is 'shareholder friendly' on capital allocation. DOWN AFTER EARNINGS: Smart Global Holdings (SGH) down 12.9%... Talend (TLND) down 8.4% after lowering Q4 revenue guidance. ALSO LOWER: Herbalife (HLF) down 2.4% after CEO resignation... Sirius XM (SIRI) down 0.8% after FY18-end paid subscriber update. Movers as of 18:45ET.
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EFC | Hot Stocks18:56 EDT Ellington Financial reports estimated book value per share $18.95 on December 31 - Estimated book value per share takes into account a 32c per share reduction caused by the redemption of convertible securities that the company had previously issued under its equity incentive plans, in exchange for the distribution of equivalent securities issued by the company's operating partnership. As a result of this redemption and distribution of convertible securities, which were made in connection with the company's expectation to convert to a REIT, the company's book value per share and diluted book value per share are now equal.
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SNR | Hot Stocks18:39 EDT New Senior Investment names Robert Savage as board chairman - New Senior Investment Group announced the appointment of Robert F. Savage, an independent director of the company, as Chairman of the board of directors effective January 4, 2019. Mr. Savage has been a member of the Board since 2016, in addition to being chairman of a special committee of the Board formed in connection with the previously announced review of strategic alternatives for the company.
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AAPL | Hot Stocks18:33 EDT Apple CEO says putting 'a ton of investment' into Siri
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AAPL QCOM | Hot Stocks18:32 EDT Apple CEO says will not cave to Qualcomm in legal dispute - Speaking in an interview with CNBC's Jim Cramer, Apple (AAPL) CEO Tim Cook said that the company hasn't been in any settlement talks with Qualcomm (QCOM) since Q3 of last year.
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AAPL | Hot Stocks18:22 EDT Apple CEO says idea the iPhone XR is a flop is 'baloney' - Apple CEO Tim Cook said on Jim Cramer's "Mad Money" that it's "baloney" that the iPhone XR is a flop, noting that the phone has been "the most popular iPhone" each day since it started shipping until now. Cook said that the XR is an "incredibly innovative" product in terms of the technology itself.
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AAPL | Hot Stocks18:16 EDT Apple CEO says company 'shareholder friendly' on capital allocation - In an interview with CNBC's Jim Cramer, Apple CEO Tim Cook said that the company continues to have a "very large" active install base, the "highest" customer satisfcation and loyalty in the industry," and remains "shareholder friendly" when it comes to capital allocation. "I never try to sell a stock, I sell a product," Cook said on "Mad Money." Cook added that he believes the comapny has always been on the "right side" of privacy.
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MNOV | Hot Stocks18:02 EDT MediciNova initiates enrollment in clinical trial of MN-166 in glioblastoma - MediciNova announced that the first glioblastoma patient has enrolled in the clinical trial of MN-166 in combination with temozolomide for the treatment of recurrent glioblastoma. The principal investigators are Patrick Y. Wen, M.D., Professor of Neurology, Harvard Medical School and Director, Neuro-Oncology Division at the Dana-Farber Cancer Institute in Boston, and Kerrie McDonald, Ph.D., Associate Professor and Head of Biomarkers and Translational Research at the Lowy Cancer Research Centre, University of New South Wales, Australia. The scientific rationale for this clinical trial is based on positive results from preclinical studies conducted by Dr. McDonald and her team. MN-166 and temozolomide (TMZ) combination treatment significantly increased GBM cell apoptosis and cell cycle arrest in an in-vitro study. Combination treatment of MN-166 with TMZ resulted in significantly extended survival times compared to TMZ monotherapy in a GBM animal model study with complete tumor regression observed in two out of 16 mice. This is the first clinical trial to evaluate the safety, tolerability and preliminary efficacy of MN-166 in combination with temozolomide for the treatment of recurrent GBM.
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TXMD | Hot Stocks18:00 EDT TherapeuticsMD says Imvexxy six month payer block ends in Q1 - In a slides presentation, TherapeuticsMD says Imvexxy six month payer block ends in Q1 and payer adjudication starts at various points throughout Q1. The company also noted that in Q1 there will be a sale force boost for Imvexxy and Bijuva.
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FTDR | Hot Stocks17:51 EDT Frontdoor names Piras Thiyagarajan as Chief Technology Officer - Frontdoor announced that Piras Thiyagarajan has been named senior vice president and chief technology officer. He brings to the role more than 20 years of experience with some of the world's most-recognized technology companies, and holds six U.S. patents for data security, transaction and technology systems. Thiyagarajan most recently served as vice president of engineering and technology for Ridecell.
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HUSKF | Hot Stocks17:43 EDT Husky Energy mulling sale of non-core downstream assets - Husky Energy announced it will undertake a strategic review and will potentially sell its Canadian retail and commercial fuels business and its Prince George Refinery. Husky's decision to review and consider a sale of non-core downstream assets comes as it increasingly focuses on core assets in its integrated corridor and on its offshore business in Atlantic Canada and the Asia Pacific region. The potential disposition is being undertaken independent of the outcome of Husky's proposed acquisition of MEG Energy. Husky's retail and commercial network consists of more than 500 stations, travel centers, cardlock operations and bulk distribution facilities from British Columbia to New Brunswick. The 12,000 barrel-per day Prince George Refinery is located in Prince George, B.C. and processes light oil into low-sulphur gasoline and ultra-low sulphur diesel, along with other products. It supplies refined products to retail outlets in the central and northern regions of B.C.
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GLD | Hot Stocks17:38 EDT SPDR Gold Shares holdings fall to 796.53MT from 796.78MT - This is the second consecutive decline in Gold Shares holdings.
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DVAX | Hot Stocks17:31 EDT Senvest Management reports 5.06% passive stake in Dynavax - In a regulatory filing, Senvest Management disclosed a 5.06% stake in Dynavax Technologies, which represents about 3.17M shares. The filing does not allow for activism.
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HLF | Hot Stocks17:31 EDT Herbalife Nutrition affirms FY19 outlook, sees Q4 volume up 11.6% - As part of its management transition announcement, Herbalife Nutrition also stated its "Q4 preliminary volume point results were up 11.6% worldwide from the same period in 2017 and reaffirmed its initial full year 2019 guidance as announced on October 30, 2018, thereby demonstrating the company's consistent and continued confidence in the business moving forward."
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HLF | Hot Stocks17:28 EDT Michael Johnson resumes role as Herbalife Nutrition CEO - The Board of Directors of Herbalife Nutrition Ltd announced that effective immediately, Michael O. Johnson, the company's Executive Chairman, who led Herbalife Nutrition Ltd. as its Chief Executive Officer from 2003 to 2017, will reassume the role of CEO on an interim basis following the resignation of current CEO Richard Goudis. Pursuant to the Board's succession plan, and to ensure an effective and orderly transition to a permanent CEO in the future, the Board expects to select the permanent CEO from the company's proven senior leadership team. Mr. Goudis' departure is not due to any issues regarding the company's financial reporting, but pertains to comments which recently came to light, made by Mr. Goudis prior to his role as CEO, that are contrary to the company's expense-related policies and business practices. The comments made were inconsistent with Herbalife Nutrition's standards and do not reflect the company's culture.
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NBR | Hot Stocks17:27 EDT Nabors Industries says targeting 83% reduction in dividend beginning 2Q19 - The company announced the following steps: Targeting 2019 capital spending at the $400M level. Optimizing 2019 G&A and R&E expenses through a reduction of approximately 10% compared to 2018. Planning an 83% reduction in the quarterly cash dividend to common shareholders, to 1c per share, beginning in the second quarter of 2019. Anthony Petrello, Nabors Chairman, CEO and President, commented, "We believe our combination of top quality personnel, superior assets, market position and technology serves us well in any environment. We will continue our focus on reducing our leverage over the next two to three years. We can accomplish this through stringent capital allocation and still continue the progress we have made in modernizing our fleet, introducing new automation technologies and enhancing our performance drilling capabilities. We continue to expect 2019 to be an improvement over 2018 and another good step forward for the company."
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NBR | Hot Stocks17:24 EDT Nabors Industries says reduced net debt by approximately $230M in Q4 - The company is announcing the following financial highlights for the fourth quarter: Reduced net debt by approximately $230M and total debt by $150M based upon preliminary fourth quarter financial information. Preliminary year-end 2018 net debt was approximately $3.12B on total debt of approximately $3.59B. Repurchased $108M of long term debt during the fourth quarter. Full-year 2018 capital spending was well under $500M. CFO Restrepo commented, "As anticipated, fourth quarter cash flow generation allowed us to reduce our net debt significantly. The industry experienced a sharp drop in oil prices during the fourth quarter of 2018. Given the recent oil price rally this past week, it is uncertain to what extent this volatility could lead our U.S. customers to scale back investment. To date, there has been minimal negative impact on U.S. activity and the demand for our high-specification rigs in the Lower 48 remains strong, with leading edge dayrates at attractive levels. Our goal is to remain focused on cash generation and reduce our leverage, as previously announced. To that end, we are targeting a $200 to $250 million net debt reduction during 2019."
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VZ MSFT | Hot Stocks17:21 EDT Verizon and Microsoft expand partnership with global native advertising deal - Verizon Media (VZ) and Microsoft (MSFT) announced a new multi-year global native advertising deal. Through this deal which launches this month, marketers will gain additional access to 20 percent more native inventory through Oath Ad Platforms with high-performing ad formats on Microsoft News/MSN, including exclusive placements. Additionally, the companies have extended their existing relationship, which delivers unrivaled access to brand safe video, display and content marketing solutions across Microsoft properties globally including MSN, Outlook and XBox. Marketers can continue to partner directly with the Verizon Media sales team to access these ad opportunities across devices."We help advertisers easily solve their business challenges with our unified ad platforms, and we're continuing to build on this strong foundation by introducing even more high quality, global inventory through this deal," said Guru Gowrappan, CEO of Verizon Media. "Partnering with Microsoft enables us to bring together this premium inventory with our ad tech, quality content and the most diverse, verified data in the industry to connect marketers with their key audiences at scale." Reference Link
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NEO... | Hot Stocks17:18 EDT NeoGenomics to replace Engility in S&P 600 at open on 1/14 - Science Applications International Corp. (SAIC) is acquiring Engility Holdings (EGL) in a deal expected to close on January 11 pending final conditions.
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WAFD | Hot Stocks17:17 EDT Washington Federal expands into Idaho with acquisition - Washington Federal announced that it has consummated the acquisition of the Bodybuilding.com property in Boise, Idaho from Hopkins Real Estate Investments. The $15.25M transaction, which includes a 98,574 square foot building on 11 acres within the Boise Research Park, closed December 21, 2018.
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WLFC | Hot Stocks17:11 EDT Willis Lease closes ten aircraft sale and easeback with easyJet - Willis Lease Finance announced the closing of a sale and leaseback transaction on ten Airbus A319 aircraft with easyJet Airline. The aircraft are powered by CFM56-5B engines. The deal combines elements from across the Willis Platform, including leasing, trading, and asset management businesses, to provide a tailored solution designed to support easyJet in the fleet management of its existing aircraft as it introduces the latest generation of Airbus A320NEO family aircraft. "It is an honor to welcome easyJet to the growing number of airlines who are taking advantage of the considerable benefits and fleet flexibility that the Willis Platform brings to airlines bridging from current generation to new technology aircraft," said Charles F. Willis, Chairman and CEO. "We selected Willis Lease because of their unique ability to create and deliver a comprehensive solution that will significantly lower the risk and cost of transitioning to our fleet of new technology A320NEO aircraft," said Chris Essex, Head of Fleet Strategy and Procurement for easyJet. "We are looking forward to building a relationship with Willis Lease over the coming years to ensure our single aisle fleet transition remains seamless."
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JBGS | Hot Stocks17:07 EDT JBG Smith sells Warner Building to CBRE Global Investors for $376.5M - JBG Smith announced the sale of The Warner Building to CBRE Global Investors for $376.5M. The Warner Building is a 583,453 square foot office building, located at 1299 Pennsylvania Ave, NW in the East End submarket of Washington, DC. JBG Smith had a 55% ownership interest in the building, which was 98.3% leased as of September 30, 2018.
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IMGN | Hot Stocks17:07 EDT ImmunoGen sees $262M cash holding at Q4 end vs. $303.2M at Q3 end - In a regulatory 8-k filing, ImmunoGen disclosed that it expects to report that as of December 31, 2018 it had cash and cash equivalents of approximately $262.3 million.
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S | Hot Stocks17:06 EDT Sprint says will support customers affected by government shutdown - Sprint will support customers impacted by the current federal government shutdown, the company announced. "As with any Sprint customer who hits a rough patch, we want to help and will take a look at your account to see what we can do," said Michel Combes, Sprint CEO. "Our Care reps will coordinate with qualified customers and our financial team to find a payment option that works and keep your service uninterrupted during the government shutdown." Sprint Customer Care is prepared to work with federal government employees seeking short-term payment solutions, the company said.
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URI | Hot Stocks17:05 EDT United Rentals appoints Matthew Flannery CEO - United Rentals announced that its board has appointed Matthew Flannery, the company's president and COO, to become CEO, while retaining the role as president. Additionally, the board has appointed Michael Kneeland, the current CEO, to become non-executive chairman. Bobby Griffin, a 10-year member of the board and chairman of the Strategy Committee, will become lead independent director. The appointments become effective at the company's annual meeting of stockholders on May 8, when chairman Jenne Britell and CEO Michael Kneeland will step down from their respective positions.
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AAN | Hot Stocks17:05 EDT Aaron's to adopt new lease accounting standard - Aaron's expects to adopt the new lease accounting standard, ASU 2016-02, Leases beginning in the first quarter of 2019.
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FRAN | Hot Stocks17:05 EDT Cross River Capital reports 6.4% passive stake in Francesca's - In a regulatory filing, Cross River Capital disclosed a 6.4% stake in Francesca's Holdings, which represents about 2.3M shares. The filing does not allow for activism.
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MOS | Hot Stocks17:03 EDT Mosaic enters MOU with Sinochem to purchase phosphate rock, fertilizers - Mosaic announced that it has entered into a memorandum of understanding, or MOU, with Sinochem, an agricultural inputs company. As part of the MOU, Sinochem intends to purchase phosphate rock and phosphate fertilizers, including premium products, from Mosaic. The MOU establishes a relationship through which Mosaic could contribute to Sinochem by providing both expertise and products. Terms and conditions of the purchases are to be outlined in a separate contract between the two parties.
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ROL | Hot Stocks17:01 EDT Rollins to acquire Clark Pest Control, terms not stated - Rollins announced that it has agreed to acquire Clark Pest Control of Stockton, Inc. located in Lodi, CA. Clark Pest Control is a leading pest management company in California and the nation's 8th largest pest management company according to PCT 100 rankings. Geotech Supply is included in the acquisition and will continue to expand its current operations, maintaining a commitment to quality service delivery. Rollins expects to close in the first quarter 2019 subject to regulatory approvals. Clark is a family owned company founded by Charlie Clark in 1950. Currently majority owned by Charlie's sons, Joe, Terry, and Jeff Clark, the company operates in 26 locations that serve residents and businesses throughout California and northwestern Nevada.
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SWKS | Hot Stocks16:58 EDT Skyworks higher by 2.8% in after hours despite cutting Q1 EPS, revenue guidance
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LTM | Hot Stocks16:56 EDT Latam Airlines reports preliminary December traffic up 5.5% - Latam Airlines reported its preliminary monthly traffic statistics for December 2018 compared with the same period of 2017. System passenger traffic increased 5.5%, while capacity rose by 6.2%. As a result, the Company's load factor for the month fell 0.6 percentage points to 83.5%. International passenger traffic accounted for approximately 56% of the month's total passenger traffic.
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SGH | Hot Stocks16:53 EDT Smart Global down over 12% after Q1 earnings, Q2 guidance
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BMRN | Hot Stocks16:51 EDT BioMarin lowers FY18 Kuvan net product revenue view to $430M-$450M - Prior guidance for FY18 Kuvan net product revenue was $440M-$480M. Information taken from a slides presentations prepared for the JP Morgan Healthcare Conference.
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CHAP | Hot Stocks16:48 EDT Chaparral Energy raises year end 2018 proved reserves 35% compared to last year - Chaparral Energy announced 2018 year-end SEC reserves and preliminary operational results, as well as additions to its hedge portfolio. Highlights include: Increased year-end 2018 proved reserves to 94.8M barrels of oil equivalent, or MMBoe, up 35% compared to year-end 2017 proved reserves adjusted for 2018 divestitures; Increased STACK proved reserves to 73.7 MMBoe, an increase of approximately 49% compared to year-end 2017 proved reserves; Replaced 519% of estimated 2018 STACK production Produced an estimated 21.7 thousand barrels of oil equivalent per day, or MBoe/d, for the Q4 of FY18; Grew STACK production to an estimated 16.6 MBoe/d during the Q4 of FY18, up 60% compared to the Q4 of FY17; And drilled and completed the five-well, Kingfisher County King Koopa partial section spacing test in the fourth quarter of 2018 and encouraged by early results.
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TAHO PAAS | Hot Stocks16:47 EDT Tahoe Resources shareholders approve transaction with Pan American Silver - Tahoe Resources (TAHO) is pleased to announce that at the special meeting of Tahoe shareholders held earlier today, the shareholders of Tahoe overwhelmingly voted in favour of the proposed transaction whereby Pan American Silver (PAAS) will acquire all of the issued and outstanding shares of Tahoe. In addition to the Arrangement approved by Tahoe shareholders, at the Pan American special meeting held earlier today, shareholders approved the Arrangement-related resolutions including the issuance of common shares as consideration under the Arrangement and an increase in Pan American's authorized share capital.
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EFII | Hot Stocks16:40 EDT Electronics for Imaging enters into $150M credit facility - On January 2 Electronics For Imaging entered into a Credit Agreement with Citibank, as administrative agent, sole lead arranger and sole bookrunner of up to $150M
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VIRT | Hot Stocks16:37 EDT Virtu Financial up 9.5% after preliminary Q4 guidance
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SPWR | Hot Stocks16:36 EDT SunPower names Jeff Waters CEO of Technologies business unit - SunPower announced that it has named proven global executive Jeff Waters as CEO of the SunPower Technologies business unit. This group includes the company's global manufacturing, research and development and SunPower Solutions. Waters begins his new role immediately. Waters joins SunPower from Isola, where he worked from Silicon Valley as the company's president and CEO. Isola is a leading material sciences company that designs, develops, manufactures and markets copper-clad laminates and dielectric prepregs used to fabricate advanced multilayer printed circuit boards. Like SunPower, Isola has a significant global footprint with manufacturing, R&D and offices in Asia, Europe and the U.S.
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CMP | Hot Stocks16:34 EDT Compass Minerals sees $16M-$18M sales impact from mild UK winter weather - Today Compass Minerals reported that winter weather in the fourth quarter of 2018 was average throughout its North American-served market; however, highway deicing sales were below expectations due to the timing of snow events. The company also announced fourth-quarter 2018 salt production rates at the company's Goderich mine improved compared to third-quarter 2018 results. Eleven representative cities in the company's primary North American highway deicing service area reported 45 snow events during the fourth quarter of 2018 compared to 57 snow events in the fourth quarter of 2017 and the 10-year average of 45.3 events. Almost 70% of the snow events reported in the fourth quarter occurred in November when temperatures are generally warmer, which reduces deicing salt needs. The company estimates that these variances from average winter weather as well as mild winter weather in the U.K. produced a negative sales impact of $16 million to $18 million and an estimated $6 million to $8 million negative operating earnings impact on fourth-quarter 2018 results.
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SN | Hot Stocks16:33 EDT Sanchez Energy receives non-compliance notice from NYSE - Sanchez Energy announced that it has received notice from the NYSE that the company does not presently meet the additional NYSE continued listing standard which requires that a company maintain an average market capitalization of at least $50M over a period of 30 consecutive trading days, unless at the same time the company's total stockholders' equity is equal to or greater than $50M. In accordance with applicable NYSE procedures, the company plans to timely notify the NYSE that it intends to present a plan to meet the minimum market capitalization requirement. The NYSE provides for a period of 45 days from receipt of the notice to submit a plan advising the NYSE of definitive actions the company has taken, or is taking, that would bring it into conformity with the market capitalization listing standard within 18 months of receipt of the notice. The notice has no immediate impact on the listing of the company's common stock, which will continue to trade on the NYSE subject to the company's compliance with the other continued listing requirements. The company is currently evaluating its available options and developing a plan to return to conformity with the minimum market capitalization requirement.
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GLPG | Hot Stocks16:32 EDT Sands Capital reports 5.7% stake in Galapagos - Pursuant to Belgian transparency legislation, Galapagos received a transparency notification on 27 December 2018 from Sands Capital Management,, who notified that it held 3,092,264 of Galapagos' voting securities on 13 September. On this date, Sands Capital Management, LLC, crossed the 5% threshold of Galapagos' voting securities by acquiring additional securities. These 3,092,264 securities represented 6.02% of Galapagos' then outstanding 51,337,763 shares. Since the number of outstanding Galapagos shares currently stands at 54,465,421, the 3,092,264 securities of Sands Capital Management currently represent 5.7%.
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TRMK | Hot Stocks16:31 EDT Trustmark appoints David Kennedy as CIO - Trustmark announced that David C. Kennedy has been named Executive Vice President and CIO of Trustmark National Bank. Kennedy has more than 20 years of experience, with his most recent leadership role as Chief Technology Officer of Stone Energy Corporation in Lafayette, Louisiana. In this position, Kennedy was responsible for corporate technology and innovation initiatives and directed the management and operations of information systems across 100+ locations worldwide. He has also served as cybersecurity advisor to regional financial institutions.
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JCP | Hot Stocks16:31 EDT J.C. Penney reports SSS for nine-week period ending Jan 5 down 3.5% - J.C. Penney announced that its comparable store sales for the combined nine-week period ending Jan. 5, 2018, decreased 3.5 % on a shifted basis. On an unshifted basis, comparable sales decreased 5.4 %. The Company also reaffirmed its expectations to generate positive free cash flow in fiscal 2018, reduce inventory in excess of $225 million or 8% and expects to end the year with liquidity in excess of $2 billion. Additionally, JCPenney will initiate three preliminary store closings this spring as part of an ongoing evaluation of its store portfolio occurring over the next few months, which includes assessing locations that may not meet required financial targets or represent a market opportunity to capitalize on a beneficial real estate asset. Further information related to future store closings will be shared on Feb. 28 when the company reports its fourth quarter and fiscal 2018 results.
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GPC | Hot Stocks16:28 EDT Genuine Parts completes automotive acquisition in Germany - Genuine Parts Company announced that Alliance Automotive Group, the company's wholly-owned automotive distribution company based in London, U.K., has completed the acquisition of German Hennig Fahrzeugteile Group, effective today. The company expects the acquired business to generate annual revenues of approximately $190M.
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SITE | Hot Stocks16:28 EDT SiteOne Landscape acquires Cutting Edge Curbing Sand & Rock, terms not disclosed - SiteOne Landscape Supply, Inc. announced the acquisition of Cutting Edge Curbing Sand & Rock, a leading distributor of hardscapes and landscape supplies in Phoenix, Arizona. "Cutting Edge is a great fit with SiteOne as they expand our geographical presence across the Greater Phoenix metropolitan area. We are committed to delivering the best experience to our customers, and the combination of Cutting Edge and SiteOne brings us one step closer to achieving that goal," said Doug Black, Chairman and CEO of SiteOne Landscape Supply. "Cutting Edge has an outstanding history and talented team that shares SiteOne's passion and desire to provide quality products, exceptional service and superior value to our customers," said Black. "This marks our first acquisition in 2019 as we continue to expand the number of markets in which we provide a full range of landscape supplies and services to our customers."
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TLND | Hot Stocks16:26 EDT Talend names Laurent Bride COO - Talend announced that it has promoted Laurent Bride to Chief Technical Officer and Chief Operating Officer. Bride has served as the company's Chief Technical Officer since 2014. The company also announced Brad Stratton, executive VP of Worldwide Sales, is departing the company. CEO Mike Tuchen will lead sales while the company conducts a search for a new head of sales to scale the company's business through its next phase of growth.
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GOOG GOOGL | Hot Stocks16:24 EDT YouTube services down for some users, says 'on it' - Team YouTube tweeted, "If YouTube isn't loading for you or you're seeing error messages on the site -- we're on it! More updatesw to follow." Reference Link
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AM | Hot Stocks16:22 EDT Antero plans to grow production 10%-15% from 2020 through 2023 - Depending on the commodity price environment, Antero Resources plans to grow production at a 10% to 15% compound annual growth rate from 2020 through 2023. Antero has a clear path to this production growth profile due to its Appalachian Basin-leading firm transportation portfolio for natural gas. The Company's activity level and production growth will vary on an annual basis depending on natural gas, oil and NGL price expectations with the objective of maintaining Stand-alone drilling and completion capital spending within Stand-alone Adjusted Operating Cash Flow levels, keeping leverage low while also maximizing the return of capital to shareholders. Assuming flat $50 per barrel WTI oil prices and $2.85 per MMBtu NYMEX natural gas prices from 2020 through 2023, Antero Resources expects to grow production at the lower end of the production growth range, invest at levels that result in approximate Free Cash Flow neutrality and maintain leverage in the low 2x area declining below 2x leverage in the final two years of the outlook period. Assuming Wall Street analyst consensus commodity pricing of flat $65 per barrel WTI oil and $3.15 per MMBtu NYMEX natural gas prices from 2020 through 2023, Antero Resources expects to grow production at the high end of its production CAGR range, generate $2.5B-$3.0B of Free Cash Flow through 2023 and be in a position to both substantially reduce leverage and return significant capital to shareholders.
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AR | Hot Stocks16:22 EDT Antero Resources says plans to grow production at 10%-15% CAGR from 2020-2023 - Depending on the commodity price environment, Antero Resources plans to grow production at a 10%-15% compound annual growth rate from 2020 through 2023. Antero has a clear path to this production growth profile due to its Appalachian Basin-leading firm transportation portfolio for natural gas. The company's activity level and production growth will vary on an annual basis depending on natural gas, oil and NGL price expectations with the objective of maintaining Stand-alone drilling and completion capital spending within Stand-alone Adjusted Operating Cash Flow levels, keeping leverage low while also maximizing the return of capital to shareholders. Assuming flat $50 per barrel WTI oil prices and $2.85 per MMBtu NYMEX natural gas prices from 2020 through 2023, Antero Resources expects to grow production at the lower end of the production growth range, invest at levels that result in approximate Free Cash Flow neutrality and maintain leverage in the low 2x area declining below 2x leverage in the final two years of the outlook period. Assuming Wall Street analyst consensus commodity pricing of flat $65 per barrel WTI oil and $3.15 per MMBtu NYMEX natural gas prices from 2020 through 2023, Antero Resources expects to grow production at the high end of its production CAGR range, generate $2.5B-$3B of Free Cash Flow through 2023 and be in a position to both substantially reduce leverage and return significant capital to shareholders.
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TLND | Hot Stocks16:20 EDT Talend down 2.8% after cutting Q4 revenue guidance
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AM | Hot Stocks16:20 EDT Antero Midstream Partners sees FY19 production 17%-20% up vs last year - Antero Resources announced its 2019 capital budget and production guidance, reflecting a disciplined plan with Stand-alone drilling and completion capital spending at Stand-alone Adjusted Operating Cash Flow levels assuming $50 per barrel WTI oil and $3.00 per MMBtu NYMEX natural gas, while generating double digit production growth. Guidance Highlights include: in response to recent oil and NGL price declines, the Company has reduced its 2019 drilling and completion capital budget relative to 2018 to a range of $1.1B-$1.25B on a consolidated basis and a range of $1.3B-$1.45B on a Stand-alone basis; FY19 production is expected to average 3,150 MMcfe/d to 3,250 MMcfe/d, a 17% to 20% increase over 2018 production guidance; liquids volumes, including NGLs and oil are expected to average 154,000 to 164,000 Bbl/d, 18% to 26% over 2018 liquids guidance, including 9,000 Bbl/d of oil, 100,000 Bbl/d of C3+ NGLs and 50,000 Bbl/d of recovered ethane, at the midpoint; plan to operate an average of 5 drilling rigs and 4 completion crews, down 1 to 2 crews from 2018.
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AR | Hot Stocks16:20 EDT Antero Resources announces 2019 capital budget - Guidance Highlights: In response to recent oil and NGL price declines, the company has reduced its 2019 drilling and completion capital budget relative to 2018 to a range of $1.1B-$1.25B on a consolidated basis and a range of $1.3B-$1.45B on a stand-alone basis; Full year 2019 production is expected to average 3,150 MMcfe/d to 3,250 MMcfe/d, a 17% to 20% increase over 2018 production guidance; Liquids volumes, including NGLs and oil are expected to average 154,000 to 164,000 Bbl/d, 18% to 26% over 2018 liquids guidance, including 9,000 Bbl/d of oil, 100,000 Bbl/d of C3+ NGLs and 50,000 Bbl/d of recovered ethane, at the midpoint; Plan to operate an average of 5 drilling rigs and 4 completion crews, down 1 to 2 crews from 2018; Includes 115 to 125 well completions in 2019 with an average lateral length of 10,200 feet and 120 to 130 wells drilled with an average lateral length of 11,900 feet; Forecasting Antero natural gas price realizations before hedges at a $0.15-$0.20/Mcf premium to Henry Hub and C3+ NGL realizations at 60%-65% of WTI oil prices; Mariner East 2 recently placed in-service enabling the first exports of C3+ NGLs on Antero's 50,000 Bbl/d firm commitment; Natural gas production guidance is 100% hedged in 2019.
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TLND | Hot Stocks16:19 EDT Talend EVP to step down Brad Stratton, Laurent Bride named CTO - Talend announced that it has promoted Laurent Bride to Chief Technical Officer and Chief Operating Officer. Mr. Bride has served as the company's Chief Technical Officer since 2014 and has more than 20 years of software experience, including executive roles in product development and customer support. The company also announced Brad Stratton, Executive Vice President of Worldwide Sales, is departing the company. Mike Tuchen, Chief Executive Officer, will lead sales while the company conducts a search for a new head of sales to scale the company's business through its next phase of growth.
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SYMC... | Hot Stocks16:18 EDT Symantec names Sue Barsamian and Richard Hill to board of directors - Symantec Corp. (SYMC) announced that its board of directors appointed Sue Barsamian and Richard S. "Rick" Hill as members of the Board, effective January 7, 2019. Under a Board Refreshment Plan announced on September 17, 2018, it was announced that Rick Hill would join the Symantec Board following its 2018 Annual Meeting of Stockholders, which was held on December 3, 2018. As part of the ongoing refreshment process, the Board has appointed an additional independent Board member, Sue Barsamian. With the addition of these independent directors, and the previously announced retirement of Mr. Robert S. Miller and Ms. Geraldine Laybourne, the Symantec Board has 13 members. Rick Hill will serve as a member of Symantec's Audit Committee of the Board. Barsamian previously served as the Executive Vice President, Chief Sales and Marketing Officer of Hewlett Packard Enterprise Software (HPE). Hill has served as Chairman of the board of directors of Marvell Technology Group (MRVL) since May 2016 and as a member of the boards of directors of Arrow Electronics (ARW) since 2006, Cabot Microelectronics Corporation, a chemical mechanical planarization supplier, since June 2012, and Xperi (XPER) since August 2012 and as its Chairman since March 2013.
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MRCY | Hot Stocks16:17 EDT Mercury Systems receives $6.4M in RF microelectronics orders - Mercury Systems announced it received $6.4M in follow-on orders from a leading defense prime contractor for advanced radio frequency subsystems that are integrated into an airborne electronic warfare system. The orders were booked in the company's Q2 and are expected to be shipped over the next several quarters.
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TROX | Hot Stocks16:17 EDT Tronox provides update regarding pending Cristal acquisition - Tronox commented on the status of its ongoing discussions with the Federal Trade Commission seeking approval of a proposed remedy related to the acquisition of the titanium dioxide, or TiO2, business of The National Titanium Dioxide Company, or Cristal. Throughout the duration of the partial shutdown of the U.S. government, agency personnel are not allowed to work on the Tronox matter, including any further consideration of the proposed remedy, since the pending acquisition is not considered an essential matter under the agency's shutdown guidelines. In addition, existing deadlines for filing motions in the matter are extended to five business days after the shutdown ends. "We continue to work diligently with our partners at Cristal, Tasnee and the prospective purchaser of the Ashtabula complex, INEOS Enterprises A.G., to reach a resolution with the FTC, and we remain optimistic one will be reached once discussions resume," said the company.
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ATTO | Hot Stocks16:16 EDT Atento announces CEO Alejandro Reynal to step down - Atento announced that Alejandro Reynal will step down from his role as CEO after completing a successful seven year leadership tenure in the company. Reynal will continue to lead Atento in his current role of CEO, as well as member of the Board of Directors, supporting the leadership transition until a new CEO is appointed.
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KAR | Hot Stocks16:14 EDT KAR Auction names Peter Kelly as President - KAR Auction Services announced the promotion of Peter Kelly to the newly created role of president. Kelly joined KAR in 2011 through the acquisition of OPENLANE where he served as co-founder, president and CEO.
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CLIR | Hot Stocks16:13 EDT ClearSign announces resolution of proxy contest and management changes - ClearSign Combustion announces that it has come to an amicable resolution of the proxy contest initiated by Anthony DiGiandomenico. In conjunction with the settlement, the Company also announces the following Board and management changes: Steve Pirnat, former CEO and director of ClearSign, retired from his position on the Board as of December 31, 2018. To fill the vacancy created by Pirnat's retirement, Jim Simmons of ICM Asset Management will be appointed to the Board, effective January 8, subject to customary background checks. Simmons is the founder and CIO of ICM Asset Management, an investment advisory firm founded in 1981. The Company will also nominate Bruce Pate of Pate Capital Partners to the Board at the next annual meeting. Pate is the General Partner of the investment partnership, which he founded in 2004 to invest in publicly traded companies with a special emphasis in energy and resource-related sectors. Roberto Ruiz, COO of ClearSign retired effective January 4. Ruiz has also agreed to continue advising the Company on a consulting basis going forward. As part of the settlement agreement, DiGiandomenico and MDB Capital Group have agreed to customary standstill and voting commitments through the 2020 annual meeting of shareholders. The full settlement agreement will be included in a Current Report on Form 8-K that ClearSign will file with the SEC.
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ASUR | Hot Stocks16:12 EDT Asure Software appoints Rhonda Parouty COO - Asure Software announced the appointment of Rhonda Parouty to the role of Chief Operating Officer, effective January 7. Prior to joining Asure Software, Rhonda was an advisor working with SaaS technology companies focused on disrupting industries with artificial intelligence.
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SPY SPX | Hot Stocks16:12 EDT World Bank sees 'darkening prospects' for 2019, global economy to slow to 2.9% - According to the World Bank, Global economic growth is projected to soften from a downwardly revised 3% in 2018 to 2.9% in 2019 amid rising downside risks to the outlook, the World Bank said on Tuesday. International trade and manufacturing activity have softened, trade tensions remain elevated, and some large emerging markets have experienced substantial financial market pressures. Growth among advanced economies is forecast to drop to 2 percent this year, the January 2019 Global Economic Prospects says. Slowing external demand, rising borrowing costs, and persistent policy uncertainties are expected to weigh on the outlook for emerging market and developing economies. Growth for this group is anticipated to hold steady at a weaker-than-expected 4.2 percent this year. Reference Link
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IAC | Hot Stocks16:11 EDT Dotdash acquires Byrdie, terms not disclosed - Dotdash announced that it has acquired Byrdie, a leading digital beauty brand from Clique Brands. Dotdash has also acquired MyDomaine, a women's lifestyle property from Clique. Byrdie and MyDomaine will join Dotdash's award-winning family of brands. Terms of the deal were not disclosed. Dotdash is an operating business of IAC.
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SIRI | Hot Stocks16:07 EDT Sirius XM says finishes 2018 with with approximately 34M total paid subscribers - SiriusXM announced it added 1.4M self-pay subscribers to finish 2018 with approximately 28.9M self-pay subscribers, exceeding the company's initial 2018 guidance by approximately 40%. Total net subscriber additions in 2018 were approximately 1.3M, resulting in total paid subscribers of approximately 34M at year end. The company also announced that it expects to meet or exceed its 2018 guidance for revenue, adjusted EBITDA and free cash flow.
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AMGN ALPMY | Hot Stocks16:02 EDT Amgen: EVENITY approved in Japan for treatment of osteoporosis - Amgen (AMGN) announced that the Japanese Ministry of Health, Labor and Welfare has granted a marketing authorization for EVENITY for the treatment of osteoporosis in patients at high risk of fracture. Amgen and UCB are co-developing EVENITY worldwide, with development in Japan being led by Amgen Astellas BioPharma K.K., a joint venture between Amgen and Astellas Pharma (ALPMY), headquartered in Tokyo. The U.S. FDA and the European Medicines Agency are currently reviewing marketing applications for EVENITY and interactions with the agencies are ongoing.
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IMGN | Hot Stocks16:02 EDT ImmunoGen sells residual Kadcyla royalties to OMERS for $65M - ImmunoGen announced the sale of its residual rights to receive royalty payments on commercial sales of Kadcyla to OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada, for $65M. This transaction entails the sale of the residual interest held by ImmunoGen from a prior transaction with Immunity Royalty Holdings, L.P. In 2015, ImmunoGen announced a $200M non-dilutive royalty transaction through which ImmunoGen sold the right to receive 100% of the royalty revenue on Kadcyla commercial sales to an undisclosed threshold amount, subject to certain conditions. Once the applicable threshold was met, ImmunoGen would receive 85% of the Kadcyla royalty revenue and the original purchaser would receive 15% for the remaining term of the royalty. With this transaction, OMERS now owns 100% of ImmunoGen's rights to receive Kadcyla royalties.
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LSCC INTC | Hot Stocks16:01 EDT Lattice Semiconductor names Mark Nelson VP of global sales - Lattice Semiconductor (LSCC) announced the appointment of Mark Nelson as the company's Corporate Vice President of Worldwide Sales, effective immediately. Prior to Lattice, Mr. Nelson was Vice President and General Manager of Worldwide Sales for Intel Corporation's (INTC) Programmable Solutions Group.
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PNFP | Hot Stocks15:30 EDT Pinnacle says 'significantly ahead of schedule' in C&I, private banker hiring - Pinnacle Financial Partners announced that the company is more than halfway to its goal of hiring 65 C&I and private banking financial advisors in the Carolinas and Virginia "just 18 months into a five-year plan." In the fourth quarter of 2018, Pinnacle hired 25 revenue producers across its footprint, 11 of whom are C&I and private banking professionals. Of those, nine are in North and South Carolina, for a total of 35 such advisors hired in the Carolina and Virginia markets since July 2017, the company stated.
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MDT | Hot Stocks15:00 EDT Medtronic recalls malfunctioning cranial software - Medtronic is recalling the Synergy Cranial Software and StealthStation S7 Cranial Software used with the StealthStation Surgical Navigation System due to reports of incorrect information displaying during biopsy procedures that could result in serious or life-threatening patient harm. The FDA has identified this as a Class I recall, the most serious type of recall. Use of these devices may cause serious injuries or death. The recall was originally initiated on September 26. 2018. Reference Link
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ALKS | Hot Stocks14:37 EDT Alkermes expects Complete Response Letter for ALKS 5461, CEO says - Alkermes CEO Richard Pops, during a breakout session at the JPMorgan Healthcare Conference, says his company expects the FDA to issue a Complete Response Letter for its depression candidate ALKS 5461. The drug has an FDA action date of January 31.
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USG | Hot Stocks14:30 EDT Knauf acquisition of USG receives Chinese approval - Knauf's acquisition of USG has received Chinese approval, according to China's State Administration for Market Regulation. Shares of USG are up 30c to $43.26 in afternoon trading. Reference Link
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ALKS | Hot Stocks14:08 EDT Alkermes sees 'significant' news flow in 2019, ALKS 5461 steps to be determined - In presentation slides at the JPMorgan Healthcare Conference, Alkermes today said it sees "significant" news flow in 2019. In schizophrenia, the company expects to report topline results from its Phase 3b Aristada-Invega Sustenna study in the first half of the year. It also expects to present Enlighten-2 data at a medical meeting and submit a new drug application around mid-year. In multiple sclerosis, Alkermes sees reporting topline data for diroximel fumarate in a head-to-head study versus Tecfidera around mid-year. For its immuno-oncology candidate ALKS 4230, the company plans to initiate a subcutaneous study in Q1. It also expects to complete a monotherapy dose-escalation stage of a Phase 1 study and to initiate a monotherapy dose-expansion stage of a Phase 1 study. For depression candidate ALKS 5461, Alkermes said it will determine the drug's next steps with the FDA action date on January 31 of this year. Shares of Alkermes are up 2%, or 69c, to $31.29 in afternoon trading.
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TM | Hot Stocks14:02 EDT Toyota, Kenworth announce zero emission trucks collaboration - Kenworth Truck Company and Toyota Motor North America are collaborating to develop 10 zero-emission Kenworth T680s powered by Toyota hydrogen fuel cell electric powertrains, the companies announced. This collaboration is part of a $41M Zero and Near-Zero Emissions Freight Facilities grant preliminarily awarded by the California Air Resources Board, with the Port of Los Angeles as the prime applicant. The grant monies are part of a larger $82M program that will put fuel cell electric tractors, hydrogen fueling infrastructure, and zero emissions cargo handling equipment into operation in the ports and Los Angeles basin in 2020.
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DISH GOOG | Hot Stocks14:01 EDT Dish building Google Assistant into Hopper DVR - DISH (DISH) announced that it is building Alphabet's (GOOG) Google Assistant into its Hopper family of receivers. In the coming months, customers will be able to use the DISH voice remote to ask the Assistant to control smart home devices, provide weather and news updates, display photos and more. This new integration builds on the DISH voice remote's existing ability to control the TV experience, including navigation, search and content selection.
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WMT | Hot Stocks13:40 EDT Walmart begins new pilot study with autonomous vehicle company Udelv - Tom Ward, SVP, Digital Operations, Walmart U.S said in a statement. "Over the last few years we've been working hard to bring Grocery Pickup and Delivery to more and more customers across the country for one reason: Customers love it! It makes shopping easy and saves loads of time. But, we're not stopping with simply rolling out the service to more stores. We continue to explore new ways that can make what's easy today even easier tomorrow. That includes testing a number of things, including autonomous vehicle technology - and today, we're announcing a new pilot with autonomous vehicle company, Udelv. The pilot program with Udelv will take place in Surprise, Arizona. What's really cool is that Udelv will utilize a cargo van custom-made to deliver fresh groceries - hand-picked by our personal shoppers - to customers." Reference Link
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BP | Hot Stocks13:34 EDT BP identifies additional 1B barrels of oil at Thunder Horse field - BP announced that it has approved a major expansion at the Atlantis field in the U.S. Gulf of Mexico and has also identified significant additional oil resources that could create further development opportunities around the production hubs it operates in the region. The $1.3B Atlantis Phase 3 development is the latest example of BP's strategy of growing advantaged oil production through its existing production facilities in the Gulf, the company said. The approval for this latest development comes after recent BP breakthroughs in advanced seismic imaging and reservoir characterization revealed an additional 400M barrels of oil in place at the Atlantis field. Application of the same technology and analysis has now identified an additional 1B barrels of oil in place at the Thunder Horse field. Elsewhere, two new discoveries near the Na Kika production facility could provide further tie-back development opportunities.
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NKTR... | Hot Stocks13:34 EDT Nektar jumps nearly 10% after laying out anticipated milestones for 2019 - Shares of Nektar Therapeutics (NKTR) are up nearly 10% following the company's presentation at JPMorgan's Healthcare Conference. In addition to saying it ended 2018 with cash and equivalents of $1.92B, Nektar laid out its anticipated milestones in 2019. These include: Initiation of new Bristol-Myers (BMY), Nektar registrational trials in renal cell carcinoma, bladder cancer, non-small cell lung cancer, breast cancer, gastric cancer, colorectal cancer, small cell lung cancer and sarcoma; Presentation of data from PIVOT study of NKTR-214+nivo in patients with bladder cancer at ASCO-GU; Presentation of data from Phase 1 dose-escalation phase of REVEAL study of NKTR-214 + NKTR-262 at ASCO-SITC; Potential approval and launch of NKTR-181; Initiate first Phase 1 clinical trial of NKTR-255 in multiple myeloma; Data from first-in-human Phase 1 single-ascending dose clinical trial of NKTR-358 at EULAR 2019; PIVOT data presentations in lung cancer and Eli Lilly (LLY) initiating two new Phase 1b studies of NKTR-358 in two new auto-immune conditions. Shares of are up over 9%, or $3.45, to $40.07 in afternoon trading.
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GNMK | Hot Stocks13:33 EDT GenMark spikes after guidance, sees ePlex revenue up 270% - Shares of molecular diagnostics company GenMark Diagnostics (GNMK) are rallying on Tuesday after reporting that its preliminary fourth quarter revenue rose approximately 21% year over year. PRELIMINARY RESULTS: The company said in a statement that it expects Q4 revenue of $19.4M, representing an increase of 21% over the fourth quarter of 2017. Analysts were anticipating GenMark's Q4 revenue to be 18.75M. Genmark also provided guidance for the full year 2018, forecasting total revenue of approximately $70.8M, representing an increase of 35% over 2017. Analysts' consensus for 2018 revenue is $70.05M. EPLEX REVENUE SEEN GROWING 270%: ePlex revenue for the full year 2018 is expected to be approximately $37.9M, an increase of more than 270% over 2017, the company said. GenMark noted that it placed 42 ePlex analyzers in Q4, finishing the year with an installed base of 354 ePlex analyzers in U.S. and European labs. EXECUTIVE COMMENTARY: "We delivered solid financial and operational results in the fourth quarter, to complete another exciting year for our company. We expect this strong momentum to continue in 2019, driven by the expanding installed base of our ePlex analyzers and the recent FDA clearances of our BCID panels," said Hany Massarany, President and CEO. "With the Gram-Positive and Fungal Pathogen Panels already cleared for marketing in the U.S., and the Gram-Negative Panel currently under review by the FDA, we expect BCID to be a strong driver of ePlex placements and revenue growth in 2019. These will continue to be significant areas of focus for our company in 2019, as will our ongoing efforts to improve ePlex gross margin," added Massarany. PRICE ACTION: Shares of GenMark are up 13.2% to $5.91 in afternoon trading.
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IBM | Hot Stocks13:31 EDT IBM, Weather Company unveil 'powerful' new global weather forecasting system - IBM and its subsidiary The Weather Company unveiled at CES a "powerful" new global weather forecasting system that will provide the "most accurate local weather forecasts ever seen worldwide." The new IBM Global High-Resolution Atmospheric Forecasting System will be the first hourly-updating commercial weather system that is able to predict something as small as thunderstorms globally. Compared to existing models, it will provide a nearly 200% improvement in forecasting resolution for much of the globe. It will be available later this year, the company said. "Today, weather forecasts around the world are not created equal, so we are changing that," said Cameron Clayton, general manager of Watson Media and Weather for IBM. "Weather influences what people do day-to-day and is arguably the most important external swing factor in business performance. As extreme weather becomes more common, our new weather system will ensure every person and organization around the world has access to more accurate, more finely-tuned weather forecasts."
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NKTR | Hot Stocks13:26 EDT Nektar says NKTR-181 Advisory Committee meeting likely in Q1, Q2 - Nektar Therapeutics in conference presentation slides says an FDA Advisory Committee meeting for NKTR-181, its potential pain therapy for opioid naive chronic low back pain patients, is likely in Q1 or Q2. The drug has an FDA action date of May 29.
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NKTR | Hot Stocks13:23 EDT Nektar up 12% to $41.18 amid JPMorgan conference presentation - As part of the presentation, Nektar Therapeutics (NKTR) provided an overview of its research collaboration with Gilead Sciences (GILD). In addition, Nektar said earlier in a regulatory filing that it intends to announce that, based upon the company's preliminary estimates, as of December 31, 2018, it had cash and equivalents of $1.92B.
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AAPL | Hot Stocks13:19 EDT Apple CEO Cook says Services segment is 'on a tear' - Tim Cook is speaking on CNBC.
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AAPL | Hot Stocks13:18 EDT Apple CEO says product pipeline has 'never been better' - Tim Cook is speaking on CNBC.
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AAPL | Hot Stocks13:18 EDT Apple CEO says 'culture of innovation' is probably underappreciated - Tim Cook is speaking on CNBC.
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ABEO | Hot Stocks13:05 EDT Abeona appoints Christine Silverstein as CFO, Edward Carr as CAO - Abeona Therapeutics announced that it has appointed Christine Silverstein to the position of CFO and named Edward Carr as Chief Accounting Officer. Silverstein was previously Senior Vice President, Finance and Investor Relations for Abeona. Carr most recently served as Vice President and Assistant Controller at Coty (COTY).
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NXPI | Hot Stocks13:03 EDT NXP Semiconductors, Kalray partner to develop platform for autonomous driving - NXP Semiconductors announced a new strategic partnership with Kalray. The partnership will combine NXP's scalable portfolio of functional safety products for ADAS and Central Compute with Kalray's high-performance intelligent MPPA processors. The new platform is significant because it addresses the performance, safety and near-term commercial needs of levels 2 and 3 driving with an eye to longer-term release in level 4 and 5 autonomous vehicles. The collaboration also aims to take on the safety shortcomings of today's pilots and experimental offerings in the autonomous development space. NXP and Kalray have joined forces in a partnership to co-develop a central computing platform with safety as a foundation. NXP will offer the host processor of the platform, its high-performance S32 processor, with its safety critical ASIL D and ASIL B capabilities. This will help the platform tackle the requirements of automotive central computing and will target path planning functions. Kalray will deliver the world-class performance of its MPPA processors to safely handle the machine learning aspects of perception. The first example of this partnership will be the integration of Kalray's MPPA processors into the NXP BlueBox, an embedded autonomous driving platform. This iteration will address autonomous challenges in power and safety with Arm-based technology and will be designed to support open standards. The strategic partnership between NXP and Kalray will bring multiple benefits to the development and industrialization of autonomous vehicles in areas such as safety, software, open standards support, performance per watt, architecture flexibility, and scalability. The new solution will offer sophisticated safety technologies in a "Safety Co-Pilot" configuration that leverages the strengths of each company. In addition, the modularity and scalability of the combined architecture will offer the partners a roadmap with flexible opportunities for rapidly scaling performance
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HEB MRK | Hot Stocks12:56 EDT Hemispherx gets IRB approval for breast cancer study with Roswell Park - Hemispherx Biopharma ( HEB) announced Roswell Park Comprehensive Cancer Center Institutional Review Board approval and shipment of Ampligen to start an oncology clinical study combining its dsRNA TLR3 agonist Ampligen with Merck's (MRK) Keytruda, pembrolizumab, in Metastatic Triple Negative Breast Cancer. The study will enroll at least six participants and be conducted by Drs. Mateusz Opyrchal and Pawel Kalinski at Roswell Park, a National Cancer Institute-designated comprehensive cancer center in Buffalo, New York.
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KPTI | Hot Stocks12:23 EDT Karyopharm announces EMA submission for selinexor - Karyopharm Therapeutics announced that it has submitted a Marketing Authorization Application to the European Medicines Agency for selinexor, requesting conditional approval for the treatment of patients with relapsed or refractory multiple myeloma who have received at least three prior lines of therapy and whose disease is refractory to at least one proteasome inhibitor, one immunomodulatory agent, and one anti-CD38 monoclonal antibody, and to their most recent treatment regimen. Karyopharm also announced that the selinexor MAA has been granted accelerated assessment by the EMA's Committee for Medicinal Products for Human Use, or CHMP.
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SNE | Hot Stocks12:12 EDT Sony sold over 5.6M PS4 units during 2018 holiday season worldwide - Sony Interactive Entertainment announced new sales milestone for PlayStation4. PS4 has now cumulatively sold through more than 91.6M units globally as of December 31, 2018, with more than 5.6M unit sold globally during the 2018 holiday season. More than 50.7M PS4 games were sold through globally during the 2018 holiday season, which sums up to 876M PS4 games cumulatively sold through worldwide as of December 31, 2018. Marvel's Spider-Man, launched in September 2018, has cumulatively sold through more than 9M copies worldwide as of November 25, 2018.
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CMCSA | Hot Stocks12:04 EDT Comcast launches digital security service for WiFi connected home devices - Comcast announced the national launch of Xfinity xFi Advanced Security, a new artificial-intelligence-powered service that monitors, blocks and informs customers of online threats to connected devices, and provides seamless digital protection for those devices when connected to their home network.
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T | Hot Stocks12:04 EDT AT&T's Turner, Xandr partner on new, enhanced ad opportunities - WarnerMedia's Turner and AT&T's advertising business, Xandr, are working together to improve the relevancy of advertising, fueled by data and content connections, the company announced. The Turner and Xandr ad sales teams have been working on the following four initiatives: More relevant advertising across Turner's TV brands, with AT&T first-party set-top-box data; Using Xandr's data capabilities to fuel more relevant advertising on Turner's digital properties; Expanding the reach of branded storytelling to addressable TV; Proving the impact of advertising through attribution. Several enhanced products are available from Turner today, AT&T noted.
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AJG | Hot Stocks12:01 EDT Arthur J. Gallagher announces acquisition of First Agency, Inc. - Arthur J. Gallagher & Co. announced the acquisition of First Agency, Inc., a broker and managing general agency specialized in offering blanket student and athletic accident insurance coverage, including sports camps/special risk insurance, to colleges and K-12 schools. Terms of the transaction were not disclosed.
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CHRA | Hot Stocks12:00 EDT Charah Solutions falls -8.7% - Charah Solutions is down -8.7%, or -71c to $7.46.
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MED | Hot Stocks12:00 EDT Medifast falls -8.9% - Medifast is down -8.9%, or -$11.17 to $114.41.
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MAXR | Hot Stocks12:00 EDT Maxar Technologies falls -34.1% - Maxar Technologies is down -34.1%, or -$2.74 to $5.29.
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ADNT | Hot Stocks12:00 EDT Adient rises 8.3% - Adient is up 8.3%, or $1.36 to $17.73.
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AZZ | Hot Stocks12:00 EDT AZZ Inc. rises 8.6% - AZZ Inc. is up 8.6%, or $3.58 to $45.03.
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KEN | Hot Stocks12:00 EDT Kenon rises 11.6% - Kenon is up 11.6%, or $1.83 to $17.64.
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DIS... | Hot Stocks11:22 EDT Hulu added 8M subscribers in 2018, closes year with more than 25M subscribers - Hulu announced that it added 8 million subscribers in 2018 and closed its fiscal year with more than 25 million total subscribers across its subscription on demand, SVOD, and live TV plans in the U.S. Today's news marks a 48% subscriber increase year over year and catapults Hulu's customer reach beyond that of the country's largest cable and satellite pay TV providers. "Consumers have spoken loudly about their desire for more choice and control in their TV experience. They are seeing the enormous benefits of streaming, they're deciding which content and brands are most important to them, and they're choosing Hulu," said Hulu CEO Randy Freer. "In 2018, Hulu led the industry in attracting and engaging subscribers, building a powerful technology stack and cultivating a brand that both consumers and advertisers love. Looking ahead, Hulu is in the best position to be the #1 choice for TV - live and on-demand, with and without commercials, both in and out of the home." Hulu is owned by Hulu LLC, a joint venture with The Walt Disney (DIS), 21st Century Fox (FOX), Comcast (CMCSA), and AT&T (T). Other companies in the space include Roku (ROKU) and Netflix (NFLX). Reference Link
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VZ | Hot Stocks11:16 EDT Verizon reports 1.2M retail postpaid net additions in Q4 - Verizon Communications reported comments made today by Ronan Dunne, executive vice president and head of Verizon Wireless, made while he was speaking at the Citi 2019 Global TMT West investor conference. Dunne said that Verizon Wireless posted 1.2M retail postpaid net additions in fourth-quarter 2018, of which approximately 650,000 were phone net additions. He said retail postpaid phone churn was 0.82 percent in the fourth quarter, which the company says indicates "continued strong customer loyalty." Dunne said: "In a highly competitive wireless market, our connections growth and churn rates signal that customers are attracted to our network superiority and reliability, as well as our unique product offerings. We enter 2019 excited about the possibilities that 5G will bring, and confident that customers will benefit from the best products, on the best plans, on the best network." Verizon will report fourth-quarter and full-year 2018 earnings on Tuesday, Jan. 29.
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VZ | Hot Stocks11:15 EDT Verizon reports 1.2M retail postpaid net additions in Q4
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EADSY | Hot Stocks11:09 EDT Airbus confirms 800 commercial aircraft deliveries in 2018, subject to audit - Airbus confirmed in a press release that it achieved 800 commercial aircraft deliveries in 2018, "subject to the finalization of the auditing process."
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SWKS | Hot Stocks11:08 EDT Skyworks enables Sonos' high-fidelity amp for smart audio applications - Skyworks Solutions announced that its wireless engines are delivering connectivity in Sonos' new versatile digital amplifier, the Amp. Specifically, Sonos is leveraging several of Skyworks' front-end solutions to facilitate robust Wi-Fi communications allowing users to effortlessly transmit high-quality sound throughout the home with their mobile phones. With the surge in connected devices across the Internet of Things, IoT, wireless capability has become the critical link for many applications. "High-fidelity audio systems are elevating today's smart home beyond mere conveniences to premium entertainment experiences," said John O'Neill, vice president of marketing for Skyworks. "Skyworks' solutions facilitate seamless connectivity in multimedia platforms, ensuring optimal speed, reliability and sound quality. Further, with our recent addition of intelligent audio technologies, we are expanding our IoT footprint in everything from home audio to kitchen appliances, thermostats, digital assistants, speakers and more."
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BA | Hot Stocks11:05 EDT Boeing says delivered 806 commrecial jets in 2018 - Boeing delivered 69 737 airplanes in December and set a new annual record of 806 deliveries in 2018, surpassing its previous record of 763 deliveries in 2017. Even as Boeing delivered more jetliners, the company again grew its significant order book with 893 net orders, including 203 airplane sales in December. "Boeing raised the bar again in 2018 thanks to our teammates' incredible focus on meeting customer commitments, and continuously improving quality and productivity," said Boeing Commercial Airplanes President & CEO Kevin McAllister. "In a dynamic year, our production discipline and our supplier partners helped us build and deliver more airplanes than ever before to satisfy the strong demand for air travel across the globe." With a seven-year order backlog, Boeing increased production of the popular 737 in the middle of 2018 to 52 airplanes per month. Nearly half of the year's 580 737 deliveries were from the more fuel-efficient and longer-range MAX family, including the first MAX 9 airplanes. At the same time, Boeing continued to build the 787 Dreamliner at the highest production rate for a twin-aisle airplane to support high demand for the super-efficient jet. The Dreamliner program finished with 145 deliveries for the year. Deliveries of various 777, 767 and 747-8 models rounded out the total of 806 airplanes for the year. 767 deliveries include the transfer of 10 767-2C aircraft to Boeing Defense, Space & Security for the U.S. Air Force KC-46 tanker program. On the orders front, Boeing achieved sales success across its airplane portfolio with 893 net orders valued at $143.7 billion according to list prices. While growing the order backlog for nearly every program, the company showed particular strength in the twin-aisle category with 218 widebody orders last year. The 787 Dreamliner extended its status as the fastest-selling twin-aisle jet in history with 109 orders last year or about 1,400 since the program launched. Highlights include Hawaiian Airlines switching from the Airbus A330 to the 787 and Turkish Airlines becoming a new customer. American Airlines and United Airlines added to the growing list of repeat Dreamliner purchases with 47 and 13 additional jets respectively. The 777 family continued its steady sales momentum with 51 net orders in 2018, driven by sales of the 777 Freighter to DHL Express, FedEx Express, ANA Cargo, Qatar Airways and other major freight operators. With additional sales in December, the 777 program exceeded 2,000 orders since its launch. The 737 MAX family also achieved a major sales milestone in December, surpassing 5,000 net orders with 181 new sales during December. For the full year, the 737 program achieved 675 net orders, including sales to 13 new customers.
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BA | Hot Stocks11:04 EDT Boeing says delivered 238 commercial airplanes in Q4 - Boeing says delivered 238 commercial airplanes in Q4 and 806 in 2018.
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LEA | Hot Stocks11:03 EDT Lear announces launch of Lear Innovation Ventures Possibilities - Lear announces the launch of Lear Innovation Ventures, LIV, Possibilities, led by John Absmeier, Lear's Chief Technology Officer. LIV Possibilities is the framework underlying Lear's focus on product, process, and business model innovation. Lear will invest in advanced development teams, partnerships, and early stage technologies by working with venture capital firms, accelerators, and incubators; providing direct capital to start-ups and internal innovation initiatives. "Lear is driving progressive change in our company and the industry by creating intelligent technologies and products that meet future mobility trends," said John Absmeier. "Lear is committed to a systematic process of innovation that aligns with increasing consumer demands for new intelligent and environmentally friendly technologies, a safer driving experience, a better user experience, and seamless connectivity. We are hyper-focused on intensifying our activities around the autonomous, connected, electrified and shared mobility trends."
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WATT VUZI | Hot Stocks11:00 EDT Energous advances after saying it will demonstrate WattUp-enabled products - Shares of Energous (WATT) are moving higher, after the developer of wireless charging technology WattUp. disclosed it would be demonstrating a variety of WattUp-enabled, pre-production products from partners, including IDT International Limited, Delight, The Gokhale Method and others. Energous added that is also in partnership with smart glasses maker Vuzix (VUZI). Energous will be demonstrating a WattUp-enabled concept version of the award-winning Vuzix Blade smart glasses. Vuzix has won CES awards for its products in the innovation category for 15 consecutive years and the Vuzix Blade is the most anticipated product to-date. "We are excited to announce the launch of Wireless Charging 2.0 at CES 2019. For the first time ever, we are showing FCC-certified and pre-production products from a variety of partners that are implementing our WattUp wireless charging technology," said Stephen R. Rizzone, president and CEO of Energous Corporation. "These products, as well as a number of others from top-tier companies that are restricted under NDAs, are production-ready and we expect to see them entering the market in the coming months." Shares of Energous are up 31c or 4.4% to $7.41 in early trading.
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CDNS | Hot Stocks10:36 EDT Vayyar selects Cadence Tensilica Vision DSP for 3D imaging solution - Cadence Design Systems and 3D imaging technology firm Vayyar Imaging, announced that Vayyar Imaging has selected the Cadence Tensilica Vision DSP for its advanced millimeter wave 3D imaging solution. A high-resolution sensor that tracks the environment around it in real time without a camera, Vayyar's system on a chip, SoC, covers imaging and radar bands from 3GHz to 81GHz with 72 transmitters and 72 receivers in a single chip. This enables the sensor to differentiate between objects and people, determine location while mapping large areas, and create a 3D image of the environment with very high levels of accuracy. The Tensilica Vision DSP enables Vayyar to execute complex imaging algorithms and process back-end radar signals on the edge in real time, on-chip, without the need for an external CPU.
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GD | Hot Stocks10:32 EDT General Dynamics awarded $714M delivery order from U.S. Army to upgrade tanks - The U.S. Army has signed a $714M delivery order for General Dynamics Land Systems to upgrade an additional 174 M1A1 Abrams Main Battle Tanks to the state-of-the-art M1A2 System Enhancement Package Version 3 configuration. This brings the total of M1A2 SEPv3 tanks ordered by the Army in 2018 to 274. The M1A2 SEPv3 configuration features technological advancements in communications, reliability, sustainment and fuel efficiency, plus upgraded armor. The delivery order is part of an Army Requirements Contract signed in December 2017 through which the Army can upgrade up to 435 M1A1 Abrams tanks to the M1A2 SEPv3 configuration. Work on this delivery order will be performed at Land Systems locations in Scranton, Pa., and Tallahassee, Fla., and at the Joint Systems Manufacturing Center in Lima, Ohio, the only operational tank plant in the country.
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MDT | Hot Stocks10:14 EDT Medtronic CEO says pipeline stronger than even before - Medtronic CEO Omar Ishrak is speaking on CNBC.
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KRON SAP | Hot Stocks10:05 EDT Kronos announces global agreement for SAP to resell Workforce Dimensions - Kronos Incorporated (KRON) announced a global agreement with SAP (SAP) that allows SAP to resell Workforce Dimensions, the next-generation workforce management solution by Kronos, across its worldwide customer base under the name "SAP Time Management by Kronos." SAP has selected Workforce Dimensions as its workforce management solution for customers with complex scheduling, time and attendance, absence management, labor activities, and workforce analytics requirements. The integrated solution provides SAP customers with best-in-class workforce management capabilities that extend and complement the SAP Success Factors HCM Suite. SAP Time Management by Kronos is a multi-tenant cloud solution with a responsive user experience that enables managers and employees to leverage modern innovations, including artificial intelligence, machine learning, and embedded analytics, to make predictive recommendations, reduce the time-consuming burden of routine tasks, and offer an empowering employee experience. Kronos will support SAP Time Management deployments, leveraging its proven Kronos Paragon implementation methodology, which accelerates implementations by as much as 30 percent. SAP customers will also benefit from the award-winning global support and professional services provided by Kronos. As the global leader in workforce management, Kronos provides a proven track record of successfully supporting workforce management cloud deployments of all complexities - including large, multinational projects - to help increase labor productivity, control labor costs, minimize compliance risk, and enhance employee engagement. SAP and Kronos plan to further expand their longtime strategic collaboration to support joint research in analytics, data science, and artificial intelligence in efforts to help identify future opportunities to improve workforce efficiency and the overall employee experience.
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ATUS | Hot Stocks10:03 EDT Dolan vs. Altice USA lawsuit heading for first hearing - On Monday, January 28, the first formal legal hearing will occur to preliminarily address plaintiffs' request to enjoin Altice USA from further cutting employee jobs at News 12. The hearing will take place in the Court of Chancery, State of Delaware. This first court appearance seeks a temporary restraining order that shields News 12 employees from further cuts and opens the door for discovery. This initial proceeding will lead to a more comprehensive hearing on the preliminary injunction and sets the stage for subsequent court action. Patrick Dolan, who was president of News 12 at the time of its sale to Altice USA, commented, "I'm disappointed that it came to this, but legal action is necessary to protect News 12's award-winning staff and the quality of the unique hyper-local news programming they deliver to Long Islanders. Altice USA management has shown that it's willing to put profits ahead of good people and good journalism. We are asking the court to enjoin Altice USA from further flouting the agreement it made to maintain for at least five years the same level of staffing and programming quality that existed when it acquired News 12 in June 2016."
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DSPG TCLRY | Hot Stocks10:01 EDT DSP Group extends collaboration with Technicolor for voice enabled solutions - DSP Group (DSPG) announces its collaboration with Technicolor (TCLRY) to bring to market DECT-enabled gateways that will support innovative Internet of Things use cases including both voice control applications and telephony services.
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DGAZ | Hot Stocks10:00 EDT VelocityShares 3x Inv Natural Gas ETN falls -8.5% - VelocityShares 3x Inv Natural Gas ETN is down -8.5%, or -$10.36 to $111.27.
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PCG | Hot Stocks10:00 EDT PG&E falls -12.8% - PG&E is down -12.8%, or -$2.43 to $16.52.
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MAXR | Hot Stocks10:00 EDT Maxar Technologies falls -32.0% - Maxar Technologies is down -32.0%, or -$2.57 to $5.46.
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VNE | Hot Stocks10:00 EDT Veoneer rises 9.2% - Veoneer is up 9.2%, or $2.43 to $28.93.
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UNP | Hot Stocks10:00 EDT Union Pacific rises 9.5% - Union Pacific is up 9.5%, or $13.12 to $151.77.
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KEN | Hot Stocks10:00 EDT Kenon rises 11.8% - Kenon is up 11.8%, or $1.86 to $17.67.
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WWD | Hot Stocks09:55 EDT Woodward up 4% to $75.67 after mention in Dealreporter
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VTVT | Hot Stocks09:50 EDT vTv Therapeutics awarded U.S. patent for Bach1 Inhibitors and Nrf2 Activators - The patent granted to vTv Therapeutics relates to use of Bach1 Inhibitors and Nrf2 Activators for "methods of treating diseases such as psoriasis, multiple sclerosis, and COPD," according to a post to the USPTO website. Reference Link
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ROKU... | Hot Stocks09:48 EDT Roku falls after previous bull Citron calls shares 'uninvestable' - Shares of Roku (ROKU) are moving lower after Citron Research, best known for its short positions but a previous bull on the name, called the stock "uninvestable." Roku's story has changed with Apple (AAPL) teaming up with Samsung (SSNLF) and its CEO selling shares, Citron said via Twitter. It expects a "big retracement" in the stock of Roku. The shares are down 4%, or $1.81, to $40.37 in early trading. Citron's full tweet this morning reads, "We initially went long $ROKU at $35. However, have to recognize when the story has changed. APPLE TEAMING UP WITH SAMSUNG., ROKU CEO selling last week, and short interest at lows. Risk/reward no longer there. Expect big retracement. ROKU stock is uninvestable now."
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UNP | Hot Stocks09:47 EDT Union Pacific rises 9.0% - Union Pacific is up 9.0%, or $12.54 to $151.19.
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VNE | Hot Stocks09:47 EDT Veoneer rises 9.2% - Veoneer is up 9.2%, or $2.45 to $28.95.
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UGAZ | Hot Stocks09:47 EDT VelocityShares 3x Long Natural Gas ETN rises 10.5% - VelocityShares 3x Long Natural Gas ETN is up 10.5%, or $4.05 to $42.53.
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ACN | Hot Stocks09:38 EDT Accenture, Molex, AWS co-develop edge computing - Molex is expanding its autonomous and connected vehicle capabilities by working with Accenture (NYSE: ACN) and Amazon Web Services (AWS) to bring edge computing and voice assistant capabilities to the Molex Automotive Ethernet Network Platform. These new digital enhancements to the Platform offer essential autonomous vehicle performance and communication functionality for automotive OEMs.
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T | Hot Stocks09:32 EDT AT&T, Rush System for Health sign agreement for 5G use in hospital setting - AT&T and Chicago-based Rush University Medical Center and the Rush System for Health are working to bring the first standards-based 5G enabled hospital to the U.S. 5G technology will be used in parts of the hospital in various use cases. Rush System for Health, a clinically integrated network of health care providers and hospitals in Chicago, is poised to take full advantage of AT&T's 5G network, Multi-Access Edge Computing - a cloud-based IT service environment at the edge of the network - and other advanced network related technologies as they become available. AT&T MEC services will enable Rush to manage its cellular traffic over both its local network and its wide area network. This will allow Rush to better satisfy network communications and application processing needs for its data, enhance the various use cases across its system, and help improve the patient experience. The 5G technology will help connect various applications, people, devices, robotics and more. The Rush collaboration with AT&T doesn't stop with network services. Together, they will create opportunity to explore the use of mobile technology in technology-driven therapies, improving hospital operations and enhancing the patient experience. The project will kick off this month and create learnings throughout most of 2019.
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CPTA | Hot Stocks09:31 EDT Capitala Group announces $19.5M investment in US BioTek Laboratories - Capitala Group announced that it recently invested a combination of senior secured debt and equity totaling $19.5M, alongside Pike Street Capital, in US BioTek Laboratories. US BioTek's planned expansion comes at a time of growing demand for specialty testing services for food-related allergies and intolerances. Capitala's investment, which closed late in Q4, will help fund the company's next phase of growth as US BioTek continues to advance its testing and reporting, as well as expand its sales and marketing initiatives.
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MDXG | Hot Stocks09:24 EDT Prescience Point says MiMedx worth 'at least $8.09,' announces long position - Prescience Point announced that it is long MiMedx, which it called "one of the most undervalued companies we have ever identified." Prescience Point estimates the stock is "worth at least $8.09, almost 4x the current price." The firm stated in its newly published report: "As frequent publishers of short-biased research, we believe short-selling is vital to the markets and agree with critics that MiMedx has engaged in wrongdoing. But we disagree on the extent of that wrongdoing, and believe that the company will overcome its current challenges and eventually thrive again." Reference Link
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TNP | Hot Stocks09:21 EDT TEN, Ltd. announces two charters expected to generate $33M of gross revenues - TEN, Ltd announced 36-month long charters with min/max provisions for two product tankers to an oil concern. At a minimum, these two fixtures combined are expected to generate $33M of gross revenues.
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NCLH | Hot Stocks09:18 EDT Norwegian Cruise Line announces order of two Oceania ships for EUR575M each - Norwegian Cruise Line announced an order for the next generation of ships for Oceania Cruises. The two Allura-Class ships mark the next phase of the line's OceaniaNEXT initiative and will be designed and built by Fincantieri for delivery in 2022 and 2025. The two 67,000 gross ton Allura-Class ships will each accommodate approximately 1,200 guests. This new class of mid-size cruise vessels will retain design elements and amenities of the line's Marina and Riviera with the addition of new luxury offerings. The contract price for each of the two vessels is approximately EUR575M per ship. The company has obtained export credit financing to fund 80% of the contract price of each ship, subject to certain Italian government approvals.
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MAT | Hot Stocks09:18 EDT Mattel and Warner announce partnership for Barbie franchise - Mattel and Warner Bros. Pictures Group announced a partnership to bring the world-renowned Barbie franchise to theaters in its first ever live-action feature film, starring Academy Award-nominated actress Margot Robbie as Barbie. Robbie will also co-produce the film under her LuckyChap Entertainment Banner, alongside Tom Ackerley and Josey McNamara from LuckyChap Entertainment.
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MAT | Hot Stocks09:17 EDT Mattel and Warne announce partnership for Barbie franchise - Mattel and Warner Bros. Pictures Group announced a partnership to bring the world-renowned Barbie franchise to theaters in its first ever live-action feature film, starring Academy Award-nominated actress Margot Robbie as Barbie. Robbie will also co-produce the film under her LuckyChap Entertainment Banner, alongside Tom Ackerley and Josey McNamara from LuckyChap Entertainment.
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APPF | Hot Stocks09:14 EDT AppFolio acquires Dynasty Marketplace - AppFolio announced the acquisition of Dynasty Marketplace. Dynasty offers conversational AI solutions that automate leasing communications, replace manual tasks and help customers grow their portfolios. Dynasty's technology is designed to enable operational efficiency in the leasing process including consistent prospect experience, lead conversion, and improved market insights. Dynasty will continue to offer its customers advanced conversational AI solutions.
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DVAX | Hot Stocks09:12 EDT Dynavax introduces Heplisav-B into Sam's Club retail pharmacies - Dynavax and Sam's Club have teamed up to introduce Heplisav-B into Sam's Club retail pharmacies nation-wide where pharmacists can immunize patients. Heplisav-B is indicated for prevention of infection caused by all known subtypes of hepatitis B virus in adults age 18 years and older. This is the first new hepatitis B vaccine in the United States in more than 25 years, and the only two-dose, one-month hepatitis B vaccine for adults.
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CMTL | Hot Stocks09:11 EDT Comtech to acquire Solacom Technologies for $33M - Comtech Telecommunications announced it has agreed to acquire Solacom Technologies, a provider of Next Generation 911 solutions for public safety agencies, for $33M. Key Strategic Benefits for Comtech Include: Expands Comtech's presence in the public safety solutions market, which has a growing need for NG911 systems; Enhances Comtech's relationships with existing customers and allows it to offer an immediate upgrade path to next-generation call handling solutions; Brings new relationships with state and local agency customers, as well as certain select international customers; and Increases the proportion of Comtech's annual revenues derived from recurring hosted and maintenance solutions. The impact of the Solacom acquisition with respect to Comtech's fiscal 2019 financial guidance will be dependent on the timing of the closing of the transaction, which is expected to occur sometime during Comtech's fiscal quarter ending April 30, 2019. Comtech will provide financial and other information concerning the Solacom transaction during its regularly scheduled conference call to review the results of its fiscal quarter ending January 31, 2019, the exact date and time of which will be announced in advance. A separate presentation related to the Solacom acquisition is available at www.comtechtel.com. Proskauer Rose LLP and Torys LLP are serving as legal counsel to Comtech. Menalto Advisors is serving as financial advisor to Solacom. Blake, Cassels & Graydon LLP and Kelly Santini LLP are serving as legal counsel to Solacom. The transaction is subject to customary closing conditions.
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VNE... | Hot Stocks09:10 EDT Fly Intel: Pre-market Movers - HIGHER: Veoneer (VNE), up 10% after reporting record order intake in FY18... Union Pacific (UNP), up 8.5% after naming Jim Vena as COO... Oasis Petroleum (OAS), up 5% after Stifel analyst Michael Scialla upgraded the stock to Buy and raised his price target for the shares to $14 from $10.50. Following the oil price selloff in Q4, the stock is valued at a 9% discount to the smid-cap Bakken peer group, Scialla tells investors... Angi Homeservices (ANGI), up 3% after Needham analyst Brad Erickson initiated shares with a Buy rating and a price target of $23, saying that based on his Service Provider checks, the market underappreciates the company's multiple longer-term tailwinds. UP AFTER EARNINGS: Meet Group (MEET), up 9%. LOWER: Weibo (WB), down 4% after Morgan Stanley analysts led by Grace Chen downgraded the stock to Equal Weight from Overweight because they believe rising competition will cap its margin expansion potential... Frontier Communications (FTR), down 7% after Wells Fargo analyst Jennifer Fritzsche downgraded the stock to Underperform and lowered her price target for the shares to $1.75 from $5.00. Frontier has reportedly been working with an advisor on how it might handle upcoming debt maturities, Fritzsche tells investors in a research note... Maxar Technologies (MAXR), down 9% after being downgraded to Sector Perform at National Bank... Unilever (UN), down 1% after being downgraded to Neutral from Buy at UBS... Annaly Capital (NLY), down 3% after its 75M share spot secondary priced at $9.74 per share.
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KWR | Hot Stocks09:09 EDT Quaker Chemical updates timeline of combination with Houghton International - Quaker Chemical provided an update on the closing timeline of its combination with Houghton International which is awaiting final regulatory approvals from the European Commission, or EC, and Federal Trade Commission, or FTC. The EC conditionally approved the combination on December 11, 2018, including the remedy proposed by Quaker and Houghton. Quaker expects final approval from the EC once the final purchase agreement is in place and agreed upon by Quaker, Houghton, and the buyer of the divested product lines. Also Quaker continues to be in productive discussions with the FTC, although the process is taking longer than anticipated. Given the time lapse since Quaker's initial filing, the FTC has requested updated information as part of their approval process. In addition, the government shutdown in the U.S. increases the uncertainty of the timeline to receive final approval. The proposed remedy being discussed with the FTC continues to be consistent with Quaker's previous guidance that the total divested product lines will be approximately 3% of the combined companies' revenue. Given current information, Quaker estimates that FTC final approval and closing of the combination will occur within the next few months. "We are pleased to have received the conditional approval from the EC as this was a key milestone in our efforts to complete the combination," said Michael F. Barry, Chairman, Chief Executive Officer and President of Quaker. "We look forward to completing the approval process with the FTC and remain confident in the value the combined company will deliver to our shareholders, customers, and employees."
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DNLI SNY | Hot Stocks09:09 EDT Denali Therapeutics, Sanofi initiate dosing in DNL747 trial - Denali Therapeutics (DNLI) announced initiation of dosing in a Phase 1b clinical study of DNL747 in patients with ALS, in collaboration with its partner Sanofi (SNY). RIPK1, receptor-interacting serine/threonine-protein kinase 1, is a signaling protein in the TNF receptor pathway, which regulates inflammation and cell death in tissues throughout the body. Denali, together with its partner Sanofi, is investigating several molecules targeting RIPK1 for multiple indications, including DNL747 for ALS.
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AXS | Hot Stocks09:09 EDT Axis Capital names Govind Balu chief analytics officer - AXIS Capital announced that Govind Balu has joined the company as chief analytics fficer. In this role, Balu is responsible for leading AXIS' data and analytics initiatives globally. He will also lead the company's Analytics Center of Excellence, which partners with teams across the organization to create and apply digital and data-focused solutions to AXIS' business. Balu was most recently chief data and analytics officer for Allstate Roadside Services.
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RRD | Hot Stocks09:08 EDT R.R. Donnelley awarded $114M contract by U.S. Government Publishing Office - R.R. Donnelley announced that the U.S. Government Publishing Office awarded RRD a $114M contract to coordinate and produce 2020 Census printing materials and mailing services. RRD will utilize its leading data, logistics, print and operational platforms to manage one of the largest and most complex communication programs in the world. The program will include more than 600 million documents mailed to more than 130 million households across the United States.
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NXPI | Hot Stocks09:07 EDT NXP Semiconductors, VeriSilicon collaborate on machine learning - VeriSilicon announcds the extension of its collaboration with NXP Semiconductors to machine learning. NXP's upcoming i.MX products will include VeriSilicon's Vivante intelligent pixel processing IP solution centered around the VIP Neural Network Processor Unit. VeriSilicon Vivante VIP NPU features full scalability from extremely low power sub TOPS to high performance exceeding 100 TOPS. Vivante VIP8000/VIPNano NPU IP has been powering next-generation Intelligent devices across multiple market segments such as smart home, industrial, mobile, and automotive ADAS. Vivante VIP processor supports the OpenCL 1.2 FP and OpenVX 1.2 APIs and common AI frameworks with a full software suite, including SDKs. All Vivante VIP configurations share a common unified software stack that has been deployed in products in multiple market segments.
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FCEL | Hot Stocks09:06 EDT FuelCell enters into option agreement for California landfill redevelopment - FuelCell announced the signing of an exclusive option agreement with the County of Orange regarding the utilization of landfill gas at the Coyote Canyon landfill in Newport Beach, California for a fuel cell project. The option agreement, won via a competitive solicitation, provides FuelCell Energy an exclusive right to develop the landfill gas as a source of renewable biofuel, expected to culminate in the negotiation and execution of a Landfill Gas Delivery and Site License Agreement. FuelCell Energy expects to install operating fuel cell systems that will produce both renewable electricity and renewable hydrogen. With targeted output of between 1,200-2,400 kilograms per day of hydrogen, this plant will supply renewable hydrogen to the largest fuel cell vehicle market, Los Angeles, in late 2020.
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HPP... | Hot Stocks09:06 EDT Hudson Pacific, Macerich announce Google lease of One Westside - Hudson Pacific Properties (HPP) and Macerich (MAC) announced that Google (GOOG, GOOGL) has leased the entirety of their One Westside redevelopment, a planned 584,000-square-foot Class A creative office campus that was formerly part of the Westside Pavilion shopping mall in West Los Angeles. Google's approximately 14-year lease term will commence upon completion of construction and build-out of tenant improvements in 2022.
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SLCA | Hot Stocks09:05 EDT U.S. Silica awarded service agreement with Chesapeake Energy - U.S. Silica Holdings announced that SandBox Logistics, its industry leading last-mile containerized solution, has been awarded a full-service agreement for multiple crews with Chesapeake Energy, starting this month. SandBox will provide equipment, trucking, wellsite labor and 5000+ ton mobile transload capabilities for Chesapeake's operations in South Texas. Specific terms of the agreement were not disclosed.
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VNE ALV | Hot Stocks09:05 EDT Veoneer names Autoliv's Mats Backman as CFO, replacing Mathias Hermansson - Veoneer (VNE) has appointed Mats Backman as CFO. He joins from Autoliv (ALV) where he has held a similar position since 2016. Veoneer says, "The plan is for Mats to join Veoneer after ensuring a smooth transition of his current responsibilities in Autoliv, at the latest in early July 2019." Mats will replace Mathias Hermansson who, as previously communicated, has decided to seek new opportunities outside the company.
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SNES | Hot Stocks09:05 EDT SenesTech announces largest ever shipment of ContraPest to Washington D.C. - SenesTech announced the largest order of ContraPest in the company's history was shipped to Washington D.C. On November 27, the city issued a solicitation for up to a four-year supply of ContraPest for all eight wards of the city, beginning with Ward 1, and then expanding to other wards, specifying at least 469 bait stations for initial deployment in four wards. The solicitation period ended on December 17, and multiple bids from ContraPest distributors were submitted.
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CRVS | Hot Stocks09:04 EDT Corvus Pharmaceuticals initiates second arm of CPI-006 study - Corvus Pharmaceutical announced that it has initiated patient enrollment in the second arm of its ongoing Phase 1/1b dose-escalation study. This arm is evaluating CPI-006, a humanized monoclonal antibody directed against CD73, in combination with CPI-444, a selective and potent inhibitor of the adenosine A2A receptor. The Phase 1/1b study is currently enrolling patients with non-small cell lung cancer, renal cell carcinoma and other cancers who have failed standard therapies. The first arm of the study is evaluating CPI-006 as a single agent and has dosed patients in several cohorts of escalating doses. A third arm is planned to evaluate CPI-006 in combination with pembrolizumab, an anti-PD-1 antibody.
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CTXR | Hot Stocks09:03 EDT Citius Pharmaceuticals announces license agreement with MD Anderson Center - Citius Pharmaceuticals reported that a definitive license agreement has been reached with MD Anderson Cancer Center, or MDACC, to develop and commercialize a novel approach to reducing post-operative infections associated with surgical implants. The initial product called "Mino-Wrap", or CITI 101, is a liquefying gel-based wrap containing minocycline and rifampin for reducing tissue expander infections following breast reconstructive surgeries.
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ALV | Hot Stocks09:03 EDT Autoliv announces resignation of CFO Mats Backman - Autoliv announced that Mats Backman has decided to resign as the Chief Financial Officer to accept a similar position with another company. He remains in his current position until July 8, 2019, unless otherwise agreed by the parties. Following Backman's departure, Christian Hanke, Vice President, Corporate Control, will serve as the Interim Chief Financial Officer until the search process for a permanent CFO is completed.
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YTRA | Hot Stocks09:03 EDT Yatra Online acquires PL Worldways, terms not dislcosed - Yatra Online announced the acquisition of the corporate travel business of PL Worldways Limited, a Chennai-based corporate travel services provider. This acquisition will help strengthen Yatra's foothold in the southern India region along with adding over 100 corporate clients to its existing client base of over 700.
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LZB | Hot Stocks09:03 EDT La-Z-Boy names Stephen Krull as general counsel, succeeding Rand Tucker - La-Z-Boy Incorporated announced the appointment of Stephen Krull as Vice President, General Counsel and Corporate Secretary, succeeding Rand Tucker who is retiring after 19 years with the company. In the role, Krull will report to Kurt L. Darrow, Chairman, President and CEO. He will be responsible for managing all legal matters for the company, including corporate securities, compliance, litigation, intellectual property and patents, environmental, M&A, and contracts. Additionally, he will work closely with the Board of Directors on corporate governance and other matters and will be part of the company's Leadership Team.
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TECD | Hot Stocks09:02 EDT Tech Data announces partnership with StratoZen - Tech Data announced a strategic partnership with StratoZen to offer cloud delivery of managed security services to partners in the U.S. These Fortinet-based services include network device management and security information and event management. The combination of the Tech Data/Fortinet Hardware-as-a-Service, or HWaaS, program and StratoZen's security portfolio enables partners to offer all the Fortinet appliances and services necessary to give their customers leading networking security solutions. The partnership enables end users to work with a single partner for managing their full networking security needs.
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HYAC | Hot Stocks08:54 EDT Haymaker updates terms of business combination with OneSpaWorld - Haymaker Acquisition and OneSpaWorld announced that they have amended their definitive business combination agreement, which was entered into on November 1, 2018, due to recent market performance. The amended agreement continues to provide that Haymaker and OSW will combine under a new holding company, OneSpaWorld Holdings Limited, which is expected to be listed on the Nasdaq Stock Market under the symbol "OSW." OSW is being sold by Steiner Leisure Limited, a portfolio company of L Catterton. The company continues to expect fiscal 2018 operating performance in line with its expectations provided on November 1, 2018. Under the terms of the amended definitive business combination agreement, the transaction is now valued at approximately $850 million at closing, as compared to approximately $950 million in the original agreement announced on November 1, 2018, reflecting a reduction in the aggregate consideration to be paid to the selling equity holders. Pro forma net leverage was also reduced to 3.9 times as compared to the original transaction, which contemplated 5.3 times. The business combination will continue to be funded through a combination of cash in Haymaker's trust account, borrowings, and proceeds from a common stock private placement led by premier institutional investors including Franklin Templeton and Neuberger Berman. L Catterton will retain a significant equity stake in the combined company through its investment in Steiner. OSW continues to expect to report $535 million in revenue and $56 million in Adjusted EBITDA in 2018. For 2019, the Company continues to forecast revenue of $573 million and $62 million in Adjusted EBITDA. For 2020, the Company continues to forecast revenue of $668 million and $78 million in Adjusted EBITDA. As a result of the reduced leverage and favorable adjustments to interest expense associated with the amended transaction structure, the Company forecasts 2018, 2019 and 2020 Pro Forma Adjusted Net Income of $32 million, $39 million and $56 million, respectively. This represents a 31% compound annual growth rate between 2018 and 2020.
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DISCA | Hot Stocks08:49 EDT Discovery takes 71% controlling stake in Play Sports Group - Discovery announced the purchase of a 71% controlling stake in Play Sports Group - the digital sports media company behind market-leading cycling brands Global Cycling Network, Global Mountain Bike Network and Global Triathlon Network. Discovery originally took a 20% stake in Play Sports Group in February 2017. This additional investment increases Discovery's ownership of Play Sports Group, which will become a subsidiary of Discovery. Play Sports Group Founder and CEO, Simon Wear, and his team of 140 world class cycling experts across content, creative, digital, marketing and sales services, will join Discovery, forming a new global cycling-focused division in the company.
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AGR... | Hot Stocks08:45 EDT Avangrid Renewables sells stake in Coyote Ridge Wind Farm to WEC Energy - Avangrid Renewables, a subsidiary of Avangrid (AGR), announced the sale of the ownership interest in the Coyote Ridge Wind Farm, now under construction in Brookings County, South Dakota, to WEC Energy Group (WEC) of Milwaukee. Under the terms of the transaction, which closed in December, 2018, WEC Energy Group acquired an 80 percent ownership interest in the project and substantially all of the tax benefits for $145M. Avangrid Renewables is building the wind farm, and will provide operations and maintenance services when it reaches commercial operation, which is expected before the end of the year. The wind farm will feature 39 GE wind turbines for a total capacity of 97 megawatts, and has a long-term offtake agreement with Google Energy LLC (GOOG, GOOGL) for 100 percent of the energy produced. Avangrid Renewables anticipates that the project will contribute more than $20M over its lifetime in combined land lease payments to local landowners and local and state tax payments.
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OMF | Hot Stocks08:43 EDT OneMain Holdings announces financial literacy campaign - OneMain Financial announced a financial literacy campaign sponsoring nationally recognized financial experts Stacey Tisdale and Catherine Alford. OneMain is committed to helping its customers manage their financial well-being and sponsored this program to provide resources to help anyone looking to improve their financial health. This initiative will consist of a series of videos and blogs that share financial wellness improvement tips and strategies - from managing money and getting good deals - to making long-term financial decisions.
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TAOP | Hot Stocks08:43 EDT Taoping enters LOI to acquire 51% of Shenzhen Taoping New Media - Taoping announced that it has entered into a letter of intent, or LOI, with the shareholders of Shenzhen Taoping New Media to acquire 51% of ownership of Shenzhen Taoping. Located in Shenzhen, China, Shenzhen Taoping is a media operator in the out-of-home digital advertising industry. Through Taoping Alliance, a nationwide advertising resource sharing platform jointly founded with TAOP, Shenzhen Taoping is building a "Smart IoT Terminal - Taoping Net/ App - Taoping E-store" media ecosystem with one hundred Taoping Alliance members, including three members overseas. Jianghuai Lin, the chairman and CEO of TAOP, currently owns approximately 56% of Shenzhen Taoping. Pursuant to the LOI, the purchase price will consist of a combination of cash and ordinary shares of TAOP, which will be determined according to the value of the acquired ownership interest in Shenzhen Taoping established by a mutually accepted independent third-party appraisal. The LOI will be terminated if no definitive agreements are entered into with six months.
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GPL | Hot Stocks08:43 EDT Great Panther Silver to suspend operations in Guanajuato - The company commented its Q4 production report, "We achieved the higher end of our guidance for the year, while also advancing our previously announced realignment of Mexican operations to reduce mining from higher cost areas of our Guanajuato Mine which, along with the San Ignacio Mine, forms our Guanajuato Mine Complex. This strategy was taken in response to lower metal prices to reduce our cost profile.In order to maximize profitability and cash-flow at our Mexican operations, we recently made the decision to suspend operations at the higher cost Guanajuato Mine for 2019, which accounted for approximately 18% of consolidated production in Q4. This will be partly offset by increased output and production from the San Ignacio Mine."
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MRNA MRK | Hot Stocks08:42 EDT Moderna expects cash, cash equivalents to be approx. $1.7B as of Dec. 31 - The company said, "We expect our cash, cash equivalents, and investments in marketable securities as of December 31, 2018 to be approximately $1.7B as compared to $902M as of December 31, 2017. The year over year increase includes approximately $564M in net proceeds from our initial public offering completed in December 2018, approximately $661M in net proceeds from our preferred stock issuances in 2018, and a $13M premium associated with the 2018 amended and restated personalized cancer vaccines agreement with Merck & Co. (MRK)."
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GPL | Hot Stocks08:40 EDT Great Panther Silver reports Q4 ore processed in Mexico operations decreased 9% - Great Panther Silver announced its Q4 and 2018 production results from its two wholly-owned Mexican mining operations: the Guanajuato Mine Complex, or GMC, which includes the San Ignacio Mine, and the Topia Mine in Durango. Highlights include: Ore tonnes processed in Q4 89,270 compared to 98,396 last year, a decrease of 9%; metal production in silver equivalent ounces 951,784 in Q4 compared to 1,065,773 last year, a decrease of 11%; and silver production of 438,152 ounces compared to 514,218 last year, a 15% decrease. Consolidated Operations Summary Q4 2018 Q4 2017 Change FY 2018 FY 2017 Change Ore processed (tonnes) 89,270 98,396 -9% 374,229 373,709 0% Metal production (silver equivalent ounces) (1)951,784 (2)1,065,773 -11% (1)4,170,959 (2)3,978,731 5% Silver production (ounces) 438,152 514,218 -15% 1,857,864 1,982,685 -6% Gold production (ounces) 4,101 5,931 -31% 20,161 22,501 -10% Lead production (tonnes) 474 441 8% 1,958 1,291 52% Zinc production (tonnes) 661 551 20% 2,361 1,758 34%
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MRNA | Hot Stocks08:40 EDT Moderna shares 2019-2020 corporate objectives - Moderna shared its corporate objectives for 2019 - 2020, which include: 1. Generate human proof-of-concept data for multiple medicines. 2. Execute on current development pipeline. 3. Create new development candidates in existing modalities. 4. Invent new modalities.
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MRNA | Hot Stocks08:39 EDT Moderna submits IND application for mRNA-3704 - Methylmalonic Acidemia: An IND application has been submitted to the FDA for mRNA-3704, Moderna's development candidate for MMA. If approved, this will be Moderna's first rare disease program to advance into clinical trials. The Company plans to conduct an open-label, multi-center, dose escalation Phase 1/2 study of multiple ascending doses of mRNA-3704 in pediatric patients with isolated MMA due to MUT enzyme deficiency. The objectives of the study are to evaluate safety and tolerability. mRNA-3704 has received Rare Pediatric Disease Designation by the FDA and Orphan Drug Designation by both the FDA and the European Medicines Agency. Propionic Acidemia: mRNA-3927 was granted Orphan Drug Designation by the FDA in December 2018 and Rare Pediatric Disease Designation by the FDA in January 2019. PA is a rare, life-threatening, inherited metabolic disorder due to a defect in the mitochondrial enzyme propionyl-CoA carboxylase, or PCC. It primarily affects the pediatric population and there is no approved therapy. Moderna is continuing to advance mRNA-3927 in pre-clinical studies. Moderna also continues to enroll patients in a global natural history study of MMA and PA designed to identify and correlate clinical and biomarker endpoints for these disorders. This is a global, multi-center, non-interventional study for patients with confirmed diagnosis of MMA due to methylmalonyl-CoA mutase deficiency or PA.
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PLUS INTC | Hot Stocks08:39 EDT ePlus, Intel and Surgical Theater partner for VR surgical imaging - ePlus (PLUS) announced a new partnership with Intel (INTC) and Surgical Theater. Together with its partners, ePlus will assist customers to bridge the knowledge gap between doctors and patients with Surgical Theater's precision VR technology. Accurate information and imagery is important for surgeons. Patients and families also depend on data to make informed decisions about critical procedures. Virtual reality, or VR, is emerging as an important tool for healthcare stakeholders-and Intel, Surgical Theater and ePlus are bringing these capabilities to healthcare professionals and the people who depend on them for life-saving treatment. Powered by Intel Core i7 processors, Precision VR combines F-16 flight simulation technology with 360 degrees VR to bring conventional medical imaging to life. Its Precision VR Engage visualization platform helps doctors educate patients and their families.
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MRNA MRK | Hot Stocks08:38 EDT Moderna, Merck planning randomized Phase 2 study of personalized cancer vaccine - Personalized Cancer Vaccine: Moderna (MRNA) and Merck (MRK) are planning a randomized Phase 2 study comparing PCV and KEYTRUDA against KEYTRUDA alone. To date, interim Phase 1 PCV study data from 24 patients showed no dose limiting toxicities up to 0.39 mg. Interim Phase 1 immunogenicity data have also been collected in certain patients dosed with mRNA-4157 as a monotherapy, and potential antigen-specific T cell responses have been detected. The Phase 1 study continues in the dose-escalation phase of the protocol. KRAS vaccine: Merck will lead an open-label, multi-center, dose-escalation and dose-expansion Phase 1 study to evaluate the safety and tolerability of mRNA-5671 administered as an intramuscular injection both as a monotherapy and in combination with KEYTRUDA. KRAS is a frequently mutated oncogene in epithelial cancers, primarily in non-small cell lung, colorectal and pancreatic cancers. The IND for a KRAS vaccine was originally submitted by Moderna and included an mRNA for the membrane protein STimulator of INterferon Gene to help promote antitumor activity. That IND was transferred to Merck which now will move the program forward under the same IND with KRAS as the sole mRNA. Merck may choose to include STING mRNA in later clinical development of the KRAS vaccine.
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YGYI | Hot Stocks08:38 EDT Youngevity's CLR Roasters ships first 3.8M pounds of green coffee - Youngevity announced that its wholly-owned subsidiary, CLR Roasters, has begun processing and shipping its first containers of green coffee under its recently entered 5-year green coffee contract. The company already has orders against the contract for 230 containers scheduled to ship in the first quarter of this year. The initial coffee shipments are for predominantly Strictly High Grown washed Nicaraguan conventional coffees, although 15 containers of naturals were part of the initial shipments.
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MRNA | Hot Stocks08:36 EDT Moderna says IND amendment submitted for Phase 2 cohort of OX40L - Moderna announced recent updates to several of its immuno-oncology and rare disease programs and outlined its 2019-2020 corporate objectives. Moderna has 21 mRNA development candidates in its pipeline, with 11 programs now in clinical development. Detailed program updates: OX40L: Based on previously reported clinical observations in two patients with advanced ovarian carcinoma in its Phase 1 study, Moderna has submitted an Investigational New Drug amendment to the U.S. Food and Drug Administration and to the study's clinical research sites to commence a Phase 2 cohort of mRNA-2416 as a monotherapy in advanced ovarian carcinoma within its current Phase 1 study. Thus far, 28 patients have been dosed in the ongoing Phase 1 trial for mRNA-2416, an open-label, multicenter study of repeated intratumoral injections of mRNA-2416 in patients with advanced relapsed/refractory solid tumor malignancies and lymphomas. OX40L + IL23 + IL36gamma: Moderna has dosed the first patient in the Phase 1 study of mRNA-2752, an intratumoral injection comprising three mRNAs encoding for OX40L + IL23 + IL36gamma for the treatment of advanced or metastatic solid tumor malignancies or lymphoma. The open label, multi-center study is evaluating the safety and tolerability of mRNA-2752 as a single agent and in combination either with AstraZeneca's durvalumab or tremelimumab, and will assess anti-tumor activity, protein expression in tumors and pharmacokinetics, and exploratory endpoints that include assessment of immunological response.
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GCAP | Hot Stocks08:36 EDT GAIN Capital reports December operating metrics - In the retail segment in December, OTC Trading Volume was down 7% sequentially and up 17.7% y/y. OTC Average Daily Volume was up 2.1% sequentially and up 17.1% y/y. 12 Month Trailing Active OTC Accounts were down 0.6% sequentially and were down 6.9% y/y. 3 Month Trailing Active OTC Accounts were up 1.6% sequentially and down 14.3% y/y
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WEC AGR | Hot Stocks08:35 EDT WEC acquires 80% ownership in Coyote Ridge Wind Farm for $145M - WEC Energy Group (WEC) announced that the company has acquired an 80% ownership interest in Coyote Ridge Wind Farm, under construction in Brookings County, South Dakota. The Coyote Ridge project is being developed and will be operated by Avangrid Renewables, a subsidiary of Avangrid (AGR). The wind farm is expected to be in service by the end of 2019. The project has a long-term offtake agreement with Google Energy for 100% of the energy produced. The Coyote Ridge site consists of 39 GE wind turbines with a combined capacity of 97 megawatts. WEC Energy Group's investment will total $145M for the 80% ownership interest and substantially all of the tax benefits. Under the new tax rules, the WEC Energy Group investment is expected to be eligible for 100 percent bonus depreciation. The transaction has received all necessary regulatory approvals.
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FCAU | Hot Stocks08:35 EDT Fiat Chrysler appoints Carl Smiley chief purchasing and supply chain officer - Fiat Chrysler announced that effective immediately Carl Smiley is appointed to the new role of chief purchasing and supply chain officer. Smiley is also named to the company's group executive council. Smiley joins FCA with automotive experience, previously serving as senior VP and GM Asia Pacific for TE Connectivity since 2012.
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DLB PCRFY | Hot Stocks08:34 EDT Dolby, Panasonic announce Dolby Vision, Atmos on GZ2000 TV - Dolby Laboratories (SLB) and Panasonic (PCRFY) hosted a media event at the Consumer Electronics Show on Tuesday announcing support of Dolby's latest audio and video innovations, Dolby Vision and Dolby Atmos, on Panasonic's flagship TV, the GZ2000.
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OSIS | Hot Stocks08:34 EDT OSI Systems receives $12M contract from NATO - OSI Systems announced that its Security division received a contract valued at $12M for operation and maintenance services from the NATO Support and Procurement Agency, or NSPA. The company will be responsible for operating and continuing service of the Rapiscan Systems and AS&E cargo, vehicle, parcel, and personnel explosive and contraband detection systems.
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ARI | Hot Stocks08:33 EDT Apollo Commercial says completes $3B of transactions in 2018 - Apollo Commercial Real Estate Finance announced ARI committed to $3.0 billion of new investments in 2018, nearly a 50% increase over 2017 loan commitments. "ARI committed to $3.0 billion of commercial real estate loans secured by institutional quality properties throughout the United States and the United Kingdom in 2018, a record year for the Company," said Stuart Rothstein, CEO and President of ARI. "As a result, ARI ended the year with a predominately floating-rate loan portfolio, totaling approximately $4.9 billion. As we near our 10-year anniversary as a public company, we believe ARI has cemented its reputation as a creative, reliable capital source. During 2018, we diversified into new markets in the U.S., including San Francisco and Seattle, and expanded our presence in London. In addition, through active capital management throughout the year, we strengthened ARI's balance sheet and diversified its sources of capital. As we enter 2019, we believe ARI is well positioned for continued execution of the Company's business plan."
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CELH DKS | Hot Stocks08:33 EDT Celsius Holdings announces distribution of its products at Dick's Sporting sotre - Celsius Holdings (CELH) announced its expansion into the sporting goods channel with distribution of its Original line at over 250 DICK'S Sporting Goods (DKS) stores nationwide. Celsius has also added an additional SKU with Target, Kiwi Guava, across over 1,000 stores with additional expansion plans expected and has continued expansion in the military channel, which increased to over 75,000 units sold per week as of December 2018, up from the 40,000 units we announced in May of 2018. DICK'S will initially carry four SKU's of CELSIUS' Original Line across more than 250 locations.
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G BAH | Hot Stocks08:32 EDT Genpact acquires riskCanvas from Booz Allen, terms not disclosed - Genpact (G) has completed a transaction with a subsidiary of Booz Allen Hamilton (BAH) to acquire riskCanvas Holdings. The acquired entity includes a financial crime compliance practice, which offers both consulting services and, riskCanvas, an, end-to-end comprehensive software suite of anti-money laundering solutions. Terms of the transaction were not disclosed.
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VNE | Hot Stocks08:30 EDT Veoneer achieves record order intake in FY18 - Veoneer achieved record order intake for FY18. The total lifetime value of the 2018 orders is estimated at $5.9B, corresponding to an average annual order value of more than $1.2B. This represents growth of around 40% compared to 2017 order intake. For active safety, order intake almost doubled from 2017, reaching an annual average order value of close to $900M, corresponding to an active safety lifetime order value of $3.8B. In restraint control systems, the company noted order intake significantly above its current market share which is estimated to be around 25%. Veoneer's products typically have a lead time of 2-4 years from order to delivery, at which point revenues start to be recorded. To prepare for the growth indicated by the 2017 and 2018 order intake, Veoneer has during the same time increased its workforce by around 1,800 persons.
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ALTR APTV | Hot Stocks08:20 EDT Altair adds Amy Messano as CMO - Altair (ALTR) has added Amy Messano as CMO. Messano will lead Altair's corporate, regional and solutions marketing. She was most recently VP, integrated marketing & communications at Aptiv (APTV).
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CWH | Hot Stocks08:18 EDT Camping World closes on acquisition of Coates RV - Camping World Holdings announced that it has closed on the acquisition of Coates RV with locations in Hugo and Cloquet, Minnesota. The acquisition of Coates RV is in line with the company's future RV dealership growth plans and the company expects to continue expanding in Minnesota and other new markets throughout the country this year; including three additional Gander RV locations in Forest Lake, Hermantown and Baxter, opening spring and summer of 2019.
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AAWW | Hot Stocks08:18 EDT Atlas Air expands strategic agreement with NCA for three 747 freighters - Atlas Air announced that it has expanded its strategic agreement with Nippon Cargo Airlines, or NCA, to add three NCA-owned Boeing 747-400 Freighters to the existing operation, bringing the total number of 747-400Fs operated on behalf of NCA to five. The incremental aircraft will be operated on key routes across the transpacific market and are scheduled to enter service in April, July and September.
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THRM LEA | Hot Stocks08:16 EDT Gentherm, Lear announce strategic partnership for thermal seating solutions - Lear (LEA) and Gentherm (THRM) announced a strategic joint development partnership to drive the future of passenger thermal seating solutions.With the proliferation of ridesharing, electrification and autonomous vehicle applications, there is an increased focus on design and engineering of the internal cabin with technologies that allow passengers to personalize their spaces for individual comfort and wellness. More efficient thermal systems are needed to optimize the heating and air conditioning system in the vehicle. The partnership is for advanced development of a highly integrated, modular heat and cool solution for Lear's Intu seating system that will provide world-class passenger comfort.
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URGN | Hot Stocks08:16 EDT UroGen Pharma announces 'positive' results of UGN-101 in Phase 3 OLYMPUS trial - UroGen Pharma announced topline results from the ongoing pivotal Phase 3 OLYMPUS clinical trial of UGN-101 for instillation, an investigational mitomycin formulation for the non-surgical treatment of low-grade upper tract urothelial cancer. This analysis showed that on an intent-to-treat basis, 57% of patients achieved a complete response rate at their primary disease evaluation, which was conducted four to six weeks after completion of UGN-101 treatment. Importantly, all evaluated patients in CR remain disease free at six months. This international, multi-center trial completed enrollment with 71 patients in December 2018. Of the 71 patients enrolled in the trial, 61 patients have been evaluated for the primary endpoint which was a CR as defined as a negative ureteroscopic evaluation and a negative wash cytology. The remaining 10 patients are awaiting PDE evaluation. Approximately 45% of tumors treated were categorized as unresectable by surgery at baseline. Of the patients who achieved CR, UroGen now has six-month durability on half of these patients. Durability is a key secondary endpoint for the trial. The safety profile of UGN-101 continues to be acceptable with most treatment-emergent adverse events characterized as mild or moderate and transient and in line with ureteral procedures. These included ureteral narrowing and hydronephrosis, urinary tract infection, flank pain and creatinine elevation. UroGen intends to seek regulatory approval of UGN-101 in LG UTUC based on data from all 71 patients and initiated its rolling submission of the New Drug Application to the U.S. Food and Drug Administration in December 2018. The FDA previously granted Orphan Drug, Fast Track, and Breakthrough Therapy Designations to UGN-101 for the treatment of UTUC. If approved, UGN-101 would be the first drug approved for the non-surgical treatment of LG UTUC.
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MU QCOM | Hot Stocks08:15 EDT Micron, Qualcomm work together to develop solutions for infotainment systems - Micron Technology (MU) announced that it is working with Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (QCOM), to develop highly advanced solutions for next-generation in-vehicle cockpit compute systems. The companies said, "The increased level of technology needed to enhance in-cabin experiences requires system-level design expertise and innovation to efficiently accelerate technology integration. To aid in these efforts, Micron is helping Qualcomm Technologies optimize Micron's new high-density automotive-grade LPDDR4X memory devices for third-generation Qualcomm Snapdragon Automotive Cockpit Platforms. Together, the companies are also working to validate and integrate Micron's memory solutions into Snapdragon Automotive Cockpit Platforms to provide high-performance reference solutions for Qualcomm's customers."
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MPAA | Hot Stocks08:14 EDT Motorcar Parts revises financial statements for 3 months ended June 30 - The company has revised its financial statements for each of the three years in the period ended March 31, 2018 and for the three months ended June 30, 2018. As of June 30, 2018, the cumulative error for all periods previously reported was an understatement of net income of $2,938,000. As of June 30, 2018, the cumulative impact to non-GAAP adjusted net income for all periods previously reported was an understatement of $1,220,000.
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ECOR | Hot Stocks08:12 EDT ElectroCore announces two studies on nVNS - ElectroCore announced two clinical studies focused on expanding the use of non-invasive vagus nerve stimulation, or nVNS, for the acute and preventive treatment of migraine, and a recent publication of a real-world retrospective analysis which supports the use of nVNS as an effective therapeutic option for patients with cluster headache. A retrospective analysis, published in the Journal of Headache and Pain, examined data in chronic and episodic cluster headache patients who did not respond to or were intolerant of multiple preventive and/or acute treatments. Patients analyzed over an average of three to six months experienced a decrease in the frequency of cluster headache attacks, from 26.6 attacks per week to 9.5 attacks per week following initiation of nVNS, a mean difference of 17.1. Average cluster headache attack duration decreased from 51.9 minutes to 29.4 minutes following the initiation of nVNS, a mean difference of 22.5 and average cluster headache attack severity decreased from 7.8 to 6.0, a mean difference of 1.8. Adverse events were mild and transient, and consistent with previous studies. These results extend the findings of registration trials of nVNS in cluster headache patients including the PREVA pivotal study, a prospective, open-label, controlled, randomized clinical trial that demonstrated the safety and effectiveness of gammaCore as an adjunctive therapy for the preventive treatment of cluster headache. PREMIUM II, a multicenter, prospective, double-blind, randomized, sham-controlled study, will evaluate the efficacy and safety of nVNS for the preventive treatment of migraine. The study will enroll up to 500 patients in 35 sites in the United States, with an anticipated duration of 18 months. This study will be initiated in the EU shortly, to support the role of nVNS for the prevention or treatment of migraine compared with the patient's current therapy. This study will be initiated in the EU shortly, to support the role of nVNS for the prevention or treatment of migraine compared with the patient's current therapy.
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MPAA | Hot Stocks08:12 EDT Motorcar Parts sees closing another strategic tuck-in acquisition this week
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NVUS | Hot Stocks08:11 EDT Novus Therapeutics doses first patient in phase 1 clinical trial of OP0201 - Novus Therapeutics announced that it has dosed the first adult patient with acute otitis media in a phase 1 clinical trial of OP0201, the company's lead product candidate being developed for otitis media.
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TIVO | Hot Stocks08:11 EDT TiVo releases churn analysis from Personalized Content Discovery Platform - TiVo Corporation released the findings from a recent churn reduction analysis pulled from its Personalized Content Discovery Platform. Among some of the key findings uncovered were that churn is directly related to long-term audience retention. Video service providers that implemented technology solutions that helped them personalize their search and recommendations saw a 140% increase in audience retention over six months, respectively. Additionally, presenting certain content recommendations to consumers supported a notable reduction in churn. For example, if users are presented with personalized video-on-demand titles that align with their most engaged consumption patterns, they are less likely to churn over time. Among some additional key findings were: Providers that use personalization technology like the Personalized Content Discovery platform, churn up to three times less than providers who manually merchandize their content. Based on an analysis of ROI, churn reduction also has a direct impact on the bottom line of content merchandising spend. Users who spend an above-average fraction of time watching on a weekday tend to be more likely to churn, as compared to those who spend an above-average fraction of time watching during the weekend. The reduction of churn leads to increased new user retention and increased viewership, which can be attributed to a commitment to personalize the user experience. This implies great opportunity for increased monetization for the provider, and a better consumer experience, due to reduced content search time. While great content is crucial, great content alone is insufficient. TiVo's churn analysis has revealed that engagement and viewership are the two most important elements to examine when determining how and why a user is or isn't churning.
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CSU | Hot Stocks08:09 EDT Capital Senior Living names Kimerly Lody as president and CEO - Capital Senior Living Corporation announced that its Board of Directors has appointed Kimberly S. Lody as President and CEO, effective immediately. Lody, a CSU Director since 2014, will continue to serve on the company's Board of Directors, and succeeds Lawrence A. Cohen, who retired at the end of 2018.
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HEES | Hot Stocks08:08 EDT H&E Equipment to acquire We-Rent-It for approx. $100M in cash - H&E Equipment Services announced its entry into a definitive agreement to acquire We-Rent-It, a non-residential construction-focused equipment rental company with six branches serving the growing central Texas market. Under the terms of the agreement, H&E is expected to pay approximately $100M in cash for WRI, subject to customary adjustments. The transaction is expected to close in 1Q19 and is subject to customary closing conditions including Hart-Scott-Rodino Act clearance. Brad Barber, H&E's CEO and President, said, "We are executing on our stated growth strategy by announcing a definitive agreement to acquire WRI, which we believe is similar in terms of solid operational and financial performance to our two previous acquisitions in 2018. The addition of WRI's six branches will significantly expand our presence in the vibrant central Texas markets of Austin, Bryan/College Station, and San Antonio metro areas. As of November 30, 2018, WRI generated revenues of approximately $35.6M for the last twelve months and its fleet size was $75.9M, based on original equipment cost. WRI is a well-run and respected rental operator with longstanding customer relationships and we look forward to their employees joining the H&E family."
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RFL | Hot Stocks08:07 EDT Rafael reports initiation of patient enrollment for Phase II CPI-613 trial - Rafael Pharmaceuticals announced the initiation of patient enrollment for a phase II clinical trial of CPI-613 for patients with relapsed or refractory Burkitt Lymphoma/Leukemia. In June 2018, CPI-613 received orphan drug designation for treatment of Burkitt Lymphoma from the US FDA. In an earlier phase I clinical study of CPI-613 in patients with advanced hematological malignancies, a 19-year-old female with twice relapsed Burkitt Lymphoma was enrolled and received CPI-613 monotherapy. She achieved and maintained a radiographic partial response status after the third cycle and tolerated treatment well. After 17 cycles, the patient discontinued treatment to pursue a surgical resection of the residual tumor. The pathology of the surgical specimen revealed Burkitt Lymphoma with extensive necrosis. Clinical follow-up on the patient indicated no evidence of the disease more than 36 months after treatment with CPI-613 was completed. This phase II study will look at the response rate of patients with relapsed or refractory Burkitt Lymphoma/Leukemia and high-grade B-cell lymphoma with rearrangements of MYC and BCL2 and/or BCL6 following treatment with CPI-613.
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BURG | Hot Stocks08:06 EDT Chanticleer Holdings names Patrick Harkleroad CFO - Chanticleer Holdings announced it has named Patrick Harkleroad as CFO, in addition to naming Troy Shadoin as Chief Accounting Officer. The appointments complement the recent appointment of seasoned restaurant operator Fred Glick to the role of President.
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TIVO VZ | Hot Stocks08:06 EDT TiVo, Verizon extend partnership to deliver personalized user experience - TiVo Corporation (TIVO) announced the extension of a multi-year agreement with Verizon (VZ). Under this extension, Verizon will have access to the latest version of TiVo's Personalized Content Discovery Platform. Verizon has utilized TiVo's content discovery solutions since 2013. TiVo's Personalized Content Discovery solutions allow Verizon to deliver personalized carousel-based user interfaces. These unique UIs leverage TiVo's highly relevant search results, predictive and suggestive recommendations, and conversational voice search to provide Verizon with the ability to fine-tune the user experience. Verizon plans to use TiVo's Personalized Content Discovery Platform conversation, search and recommendations services across set-top boxes, websites and popular streaming devices, bringing forth a more personal entertainment experience for its customers.
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TGB | Hot Stocks08:06 EDT Taseko Mines begins wellfield operations Florence Copper Project - Taseko Mines announced that following receipt of all necessary state and federal operating permits, wellfield operations were commenced and injection and recovery systems have now been fully ramped up at its Florence Copper Project in central Arizona. Following an initial leaching period, leach solutions are flowing at expected levels and copper has been detected in solutions recovered from process sample wells. The company commented, "Our preliminary tracer tests of the wellfield in the Q3 of FY18 exhibited robust percolation rates through the ore body. These results were as good as, and in some cases better than, modeled in the 2017 technical study. The rate at which the dissolved copper is increasing in the leach solution further confirms historical test work and technical data. With operating costs of $1.10 per pound of copper, an extremely low capital cost intensity of US$5,200 per tonne of copper capacity and a pre-tax net present value of U920 million, Florence Copper will bolster the long-term financial returns of the Company, and we are excited about the next step in this process."
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PRGX | Hot Stocks08:05 EDT PRGX Global names Carol O'Kelley CMO - PRGX Global announced that Carol O'Kelley has been named CMO, responsible for marketing strategies and initiatives to drive global growth for the company. Prior to joining the company, O'Kelley served as CEO and member of the board of directors for Salesfusion, a marketing automation SaaS company.
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HPE CSCO | Hot Stocks08:04 EDT Tahoe Forest Health System selects Aruba Mobile-First network - Aruba, a Hewlett Packard Enterprise company (HPE), announced that Tahoe Forest Health System is replacing its existing Cisco (CSCO) network with an Aruba Mobile-First network to enable a new and improved generation of patient care. By standardizing on Aruba for its two critical access hospitals and six specialty clinics, Tahoe Forest expects to save between $750,000 and $1M in operational costs over the next five years, while also improving network performance and simplifying IT management.
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MET | Hot Stocks08:04 EDT MetLife announces Michel Khalaf to succeed Steven Kandarian as CEO - The board of MetLife announced that Michel Khalaf, president, U.S. Business and EMEA, will become MetLife's president and CEO on May 1, 2019. Khalaf also has been appointed to the MetLife board effective May 1. Steven Kandarian, who is retiring, will continue to serve as chairman, president and CEO through April 30, 2019. Glenn Hubbard, currently MetLife's independent lead director, will become MetLife's non-executive chairman upon Kandarian's retirement. Hubbard joined the MetLife board in 2007 and became lead director in June 2017. Since 2004, Hubbard has been the Dean and Russell Carson Professor of Economics and Finance at Columbia University's Graduate School of Business, and from 2001 to 2003, he was chairman of the President's Council of Economic Advisers. Khalaf has been MetLife's president of EMEA since 2011 and in July 2017 added responsibility for the company's U.S. Business.
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SABR | Hot Stocks08:03 EDT Sabre announces distribution agreement with Cambodia Airways - Sabre announced a new, long-term distribution agreement with Cambodia Airways. While considered a relatively new entrant to the market, operating since July 2018, the airline has ambitious plans and aims to quickly transform into a major regional carrier. With concrete plans to bolster its fleet with up to 30 aircrafts within the next five years, the airline also expects to expand its intercontinental routes beyond Asia. The long-term partnership agreement with Sabre will be instrumental as the carrier focuses on enhancing their presence in key destinations, including Australia and Europe.
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MET | Hot Stocks08:02 EDT MetLife announces Michel Khalaf to succeed Steven Kandarian as CEO
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AJG | Hot Stocks08:02 EDT Arthur J. Gallagher acquires Jones Brown, terms not disclosed - Arthur J. Gallagher & Co. announced the acquisition of Canadian insurance broker Jones Brown and its subsidiaries. Terms of the transaction were not disclosed. Founded in 1997, Jones Brown is a retail property/casualty insurance broker offering a full range of commercial and personal insurance services throughout Canada.
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LEA THRM | Hot Stocks08:02 EDT Lear and Gentherm announce partnership - Lear (LEA) and Gentherm (THRM) announced a strategic joint development partnership to drive the future of passenger thermal seating solutions. The partnership is for advanced development of a highly integrated, modular heat and cool solution for Lear's IntuTM seating system that will provide world-class passenger comfort.
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PRPO | Hot Stocks07:48 EDT Precipio files patent for HemeScreen panel - Precipio announced the filing of a patent for its proprietary HemeScreen panel. The panel incorporates a novel method for analyzing four key genes typically evaluated for mutations in patients with hematologic malignancies. In 2016, The World Health Organization published guidelines recommending the testing of the JAK2, JAK2 Exon 12, MPL and CALR genes as part of the evaluation for patients suspected to have Myelodysplastic Syndrome and Myeloproliferative Disorders, two of the most common hematologic cancers. It is estimated that the market potential for HemeScreen will be approximately $100M per year in the U.S.
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MEET | Hot Stocks07:45 EDT Meet Group CEO says users 'enthusiastically embracing' Battles product - "We ended 2018 with excellent results across our business," said Geoff Cook, CEO of The Meet Group. "Video revenue grew in total and across each of our apps in the fourth quarter compared to the third. We exited the year with an annualized video revenue run-rate of $71M based on the month of December, capping a remarkable year for a product that we launched just 15 months ago. Users are enthusiastically embracing our Battles product, which has infused a new level of energy, fun and excitement into Live. While it is still very much early days for the product, more than 30,000 battles per day took place in the past week, as livestreamers competed to earn the most diamonds and become the best singer, dancer or battler. Viewer gifting behavior over the same period was strong as total credits given in Battles comprised approximately 15% of Live credits. Advertising results in the fourth quarter were also seasonally strong with ad revenue growing approximately 19% from the third quarter of 2018."
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KEN | Hot Stocks07:42 EDT Kenon to sell half of its remaining interest in Qoros for $227M - Kenon announces it has entered into an agreement to sell half of its remaining interest in Qoros, i.e. 12%, to the Majority Shareholder for a purchase price of RMB 1,560M, or approximately $227M, which is based on the same post-investment valuation as the initial investment by the Majority Shareholder. The sale is not being made pursuant to the put option described in Kenon's report on Form 6-K dated January 8, 2018.The sale is subject to obtaining relevant third party consents and other closing conditions, including approvals by relevant government authorities. Following completion of the sale Kenon will hold a 12% interest in Qoros, the Majority Shareholder will hold 63% and Chery will own 25%.As previously disclosed in the January 6-K, the Majority Shareholder is required to assume its pro rata share of guarantees and equity pledges of Kenon and Chery based on its equity ownership in Qoros, including changes in its ownership.
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GRFS | Hot Stocks07:39 EDT Grifols receives FDA approval of Erytra Eflexis - Grifols has received U.S. FDA approval of Erytra Eflexis, a fully automated, benchtop analyzer. The system performs pretransfusion compatibility testing using DG Gel technology.
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KELYA | Hot Stocks07:34 EDT Kelly Services announces two acquisitions to position itself in the 5G space - Kelly Services announced two acquisitions: Global Technology Associates and NextGen Global Resources. Both companies provide services to carriers and OEMs in the telecommunication industry, and the acquisitions position Kelly in the 5G technology space. Terms of the acquisitions, which were effective at the start of the new year, were not disclosed. GTA and NextGen will continue to operate under their own brands. Telecommunication industry analysts say $500B will be spent between now and 2025 preparing for the onset of 5G technology.
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AAXN | Hot Stocks07:31 EDT Axon Flex 2 cameras selected by Cypress Creek EMS - Axon announced that Cypress Creek Emergency Medical Services, or EMS, will deploy 93 Axon Flex 2 cameras across the agency's paramedics and paramedic supervisors to improve clinical practice and enhance evidence-based research. The cameras are backed by the digital data management solution, Axon Evidence on the Unlimited Plan. This order was received and shipped in the Q4 of FY18.
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SHLD | Hot Stocks07:20 EDT Sears says 'We may be down but not out' - As Sears and its bankruptcy advisers prepare for a possible liquidation, the retailer has taken to social media to reassure the public that it is still around. The company tweeted: "We may be down but not out. We are all working around the clock to be here for you! All 68,000 of us! We have not closed our doors for 125+ years, and not about to start now! Thank you to all of those who have supported us." After a Twitter user commented that Sears "had a good run I would say," the company replied "We would say that as well, but we are Marathon Runners, and we are still running. We may be slowing down, but we are not out of the race just yet. Don't count us completely out." Reference Link
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IART | Hot Stocks07:08 EDT Integra LifeSciences announces license, development agreement with CFO - Integra LifeSciences announced it has signed a license and development agreement with Consortium of Focused Orthopedists, or CFO, for a short stem and stemless shoulder system. This addition to Integra's orthopedics portfolio in a segment of the shoulder arthroplasty market is expected to accelerate growth opportunities. The patent-pending design of the bone-sparing shoulder system will be competitively differentiated, with design features that address limitations of systems currently on the market.
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MAIN | Hot Stocks07:08 EDT Main Street announces new portfolio investment in Centre Technologies - Main Street Capital announced that it recently led a new portfolio investment to facilitate the minority recapitalization of Centre Technologies, a premier provider of IT hardware, software and service solutions. Main Street, along with its co-investors, partnered with Centre's founder and CEO and management team to facilitate the transaction, with Main Street funding $18.1M in a combination of first-lien, senior secured term debt and a direct equity investment. In addition, Main Street and one of its co-investors are providing Centre an undrawn credit facility to support its future organic growth initiatives and working capital needs.
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COR AMZN | Hot Stocks07:06 EDT CoreSite adds new AWS Direct Connect endpoint at Silicon Valley campus - CoreSite Realty Corporation (COR) announced availability of a second native point of connectivity to Amazon Web Services Direct Connect (AMZN) at CoreSite's Silicon Valley data center campus. This deployment at the CoreSite SV2 data center in Milpitas, CA supports the new logical redundancy capability of AWS Direct Connect. Through AWS Direct Connect, CoreSite customers can establish private, enterprise-grade connectivity to AWS through a fiber interconnect or through the CoreSite Open Cloud Exchange.
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EXFO | Hot Stocks07:05 EDT EXFO awarded $4.9M contract by US Tier 1 service provider - EXFO announced that a US Tier 1 service provider has selected EXFO's real-time network topology software to facilitate groundbreaking network transformation. The contract win is valued at $4.9M.
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UBX | Hot Stocks07:03 EDT Unity Biotechnology selects Ascentage's compounds as lead development candidate - Ascentage Pharma announced that Unity Biotechnology has selected one of Ascentage's compounds as its lead development candidate in its ophthalmology pipeline to advance into further preclinical studies to enable an Investigational New Drug, or IND, application. The two companies previously entered into a compound library agreement giving UNITY access to certain small molecule inhibitors of Bcl-2 proteins, which not only have been implicated in the formation of various types of cancer but also in diseases of aging. The parties have now entered into a compound license agreement for the selected compound, UBX1967. Under terms of the UBX1967 license agreement with UNITY, Ascentage is eligible to receive an upfront payment in shares of UNITY's common stock and cash milestone payments and royalties based on clinical development and commercial sales milestones of UBX1967. "We're pleased that UNITY has chosen one of our compounds for IND-enabling studies focused on age-related diseases of the eye," commented Dr. Dajun Yang, Chairman & CEO of Ascentage Pharma. "Their decision further validates our industry-leading expertise in the discovery and development of small molecules for complex and difficult-to-target protein-protein interactions including Bcl-2 and other apoptotic pathways."
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TSLA ORCL | Hot Stocks07:03 EDT Oracle's Larry Ellison reveals $1B stake in Tesla - Oracle (ORCL) founder Larry Ellison said in a regulatory filing that he has a holding worth $1B in Tesla. Ellison indirectly owns 3M Tesla shares through the Lawrence J. Ellison Revocable Trust, according to the filing.
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IBM | Hot Stocks07:02 EDT IBM signs $540M contract with Nordea - IBM Services announced that they signed a managed services agreement with Nordea, under which Nordea Bank will outsource its IBM Z operations to IBM. The $540M multi-year agreement continues to build on the success of the Nordea-IBM relationship that began in 2003. As part of the agreement, a group of Nordea employees will transfer to IBM.
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HRC MSFT | Hot Stocks06:59 EDT Hill-Rom announces collaboration with Microsoft for digital health capabilities - Hill-Rom (HRC) announced a collaboration with Microsoft (MSFT) to bring point-of-care data and solutions to caregivers and healthcare provider organizations. The combined offerings, using Microsoft Azure, are intended to analyze real-time sensing data from medical devices and historical medical record information, and communicate potential patient risk and hospital protocol actions directly to caregivers at the point of care. The solutions combine Hill-Rom's clinical knowledge and streaming operational data from medical devices, and Microsoft's cloud, including Azure IoT and Azure Machine Learning, to help drive enhanced patient outcomes. The Hill-Rom digital solution offerings will be available to hospitals beginning later in 2019. Hill-Rom's connected solutions will integrate data from the company's medical devices and hospitals' electronic medical records through a common gateway infrastructure. The combination of medical device data and Azure Machine Learning will help assess and analyze critical and secure information at the bedside, delivering insights to clinicians that can help reduce costly complications and enhance efficiency and patient outcomes.
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DRRX NVS | Hot Stocks06:58 EDT Durect says in dispute with Sandoz over termination fee for Posimir program - Durect Corporation (DRRX) announced yesterday that Novartis' (NVS) Sandoz AG provided notice that it is returning to Durect all of its U.S. development and commercialization rights to Posimir post-operative pain relief depot. The parties are in dispute with regard to Sandoz's obligation to pay a termination fee to Durect. Durect has initiated a formal dispute resolution process related to the termination fee. Posimir is the company's investigational post-operative pain relief depot that utilizes the company's patented SABER technology and is designed to deliver bupivacaine to provide up to 3 days of pain relief after surgery. "We understand their decision to focus resources on other programs as their new US leadership continues to implement its strategy. We maintain our belief that there is a need for additional non-opioid products in the post-operative pain setting and will continue to evaluate and consider potential next steps for Posimir," stated James Brown, President and CEO of Durect.
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DRRX | Hot Stocks06:54 EDT Durect discontinues PSC study of DUR-928, to focus resources on NASH, psoriasis - Durect Corporation announced yesterday that it has refined and focused its clinical development strategy for DUR-928, the lead product candidate in its Epigenetic Regulator Program, to prioritize indications with unmet medical needs where we expect to be able to generate near-term data with the potential to create significant commercial and partnering value. The new DUR-928 clinical development strategy is to accelerate DUR-928 clinical trial in non-alcoholic steatohepatitis, or NASH, patients and discontinue the primary sclerosing cholangitis, or PSC, trial. Given that the company's efforts have not resulted in an increase in the inherently slow enrollment rates commonly seen for this indication, the company has decided to discontinue its PSC study in order to focus more of its resources on NASH and psoriasis. DURECT previously announced that it would be initiating a new clinical trial of orally-administered DUR-928 in NASH patients in the first half of 2019, and is now updating that guidance to indicate that the company expects to begin enrolling patients in Q1 2019. This will be an open-label, Phase 1b study conducted in the U.S. to evaluate safety, pharmacokinetics and signals of biological activity of DUR-928 in patients with NASH. Patients will be administered DUR-928 orally for 28 consecutive days. Further details on the trial design will be provided later in Q1 2019. DURECT expects to announce initial data in the second half of 2019. The company plans to complete the Phase 2a proof-of-concept trial with topical DUR-928 in patients with mild to moderate plaque psoriasis as planned. The company reiterates its prior guidance that the psoriasis trial is on track to begin dosing this quarter with top line data expected in the second half of 2019. The company plans to continue and then transition the ongoing DUR-928 alcoholic hepatitis Phase 2a trial to Dr. Craig McClain at the University of Louisville. Since the company's announcement of the initiation of dosing in Part B in November 2018, two severe AH patients have been treated at the 30 mg I.V. dose of DUR-928. Upon completing the 30 mg dose group in Part B, we plan to transition the study to Dr. McClain, who was recently awarded an NIH grant to study DUR-928 in AH patients. After the transition, the trial will be funded via grants and conducted by Dr. McClain. "Our revised development strategy for DUR-928 will allow our team to focus on the indications that could provide value-creating, near-term clinical data and help us formulate a plan to advance DUR-928 into late stage clinical development. Showing positive signals of biological activity after 28 days in NASH patients could be particularly valuable in demonstrating the potential of DUR-928 in this important disease, while obtaining positive proof-of-concept data in psoriasis could lead to a partnership for DUR-928 in the dermatology space," stated James E. Brown, D.V.M., President and CEO of Durect.
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HELE | Hot Stocks06:53 EDT Helen of Troy CEO says Q3 performance 'in line with our expectations' - Julien Mininberg, CEO, stated: "The company's third quarter performance was in line with our expectations, bringing our year to date results to 8.1% net sales growth and 12.4% adjusted diluted EPS growth. Investment in our Leadership Brands continued to drive top line momentum in the quarter, growing their net sales 4.9%. The company's total online sales increased by 6.0%, representing 18.0% of our total net sales for the quarter. Net sales in our Housewares segment grew double digits, propelled by point of sale growth, incremental domestic distribution, higher online sales, and incremental sales from new product introductions. Our Health & Home segment faced a tough comparison to the strong third quarter of last fiscal year, compounded by a slowdown in China ecommerce and foreign exchange headwinds. Our Beauty segment continues to focus on appliances, which benefited from new product introductions and online growth." Mininberg continued: "Our adjusted operating margin for the quarter primarily reflects our strategic choices to increase incremental digital marketing spend and new product introductions for our Leadership Brands. As expected, this quarter, we also started to feel the impact of tariffs ahead of the pricing actions we began implementing in the third quarter and which will largely take effect over the next two quarters. Retailers and consumers are just now beginning to digest higher prices, which could affect short-term shipments and consumption. We believe, however, that our pricing choices are right for the long-term health of the business."
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HELE | Hot Stocks06:50 EDT Helen of Troy sees Project Refuel completed in Q1 of 2020 - The company has initiated Project Refuel, which continues to target annualized profit improvement of approximately $8M-$10M over the duration of the plan. The plan is estimated to be completed by the first quarter of fiscal 2020, and the company expects to incur total cumulative restructuring charges in the range of $5M-$5.5M over the period of the plan. The company now expects a reported GAAP effective tax rate range of 7.3%-8.4%, and an adjusted effective tax rate range of 6.9%-7.7% for the full fiscal year 2019.
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AVP | Hot Stocks06:49 EDT Avon Products to sell China manufacturing operation for $44M in net proceeds - Avon Products announced it has entered into a definitive agreement with TheFaceshop, a subsidiary of LG Household & Health Care, under which TheFaceShop will acquire all of the shares of Avon's Beauty manufacturing operation in Guangzhou, China. Net proceeds to Avon will be $44M. The companies also agreed to enter into a manufacturing and supply agreement, under which the Guangzhou factory will manufacture products for Avon's fast-growing Chinese business and other markets, while maximizing the capacity of the plant for its own production. Avon's associates at the facility will remain with the operation.
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LNN | Hot Stocks06:48 EDT Lindsay sees signs of improved conditions in Brazil - The company said "Passage of the 2018 farm bill provides a source of modest optimism that North America irrigation market conditions will see improvement. In the international markets, we are seeing signs of improved conditions in Brazil as well as increased interest in developing markets. We continue to build a solid pipeline of Road Zipper System projects to support growth in the infrastructure business; however, the long lead times required to complete these projects can impact the timing of when we will realize the value from the increased focus on this business."
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HELE | Hot Stocks06:46 EDT Helen of Troy raises FY19 outlook
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CGC | Hot Stocks06:43 EDT Canopy Growth provides hemp operations update - Canopy Growth applauded the passage of the U.S. 2018 Farm Bill. Canopy Growth updated the market on its hemp operations as it prepares for U.S. market entry thanks to this piece of federal legislation, one that enables expanded pathways to the American market for hemp-based products, including cannabidiol, or CBD products. Canopy Growth began adding strategic hemp assets to its portfolio in 2016 focused on consumer-packaged goods. The market potential for hemp and future CBD products was soon realized and the company began investing in field-scale operations in late 2017 in order to vertically integrate its hemp business to mirror its existing cannabis business. The company's hemp team worked throughout the year to develop proprietary and patent-pending technological solutions to optimize the speed and efficiency of harvest, post-harvest and storage processes required to run field-scale hemp operations. Based on a "successful" first season, Canopy Growth's hemp division has harvested over 190M sq. ft., or 4500 acres, of CBD-rich hemp genetics in Saskatchewan. Once extracted, the company expects a yield of approximately 7000 kilograms of hemp-derived CBD, repeatable annually. Extracted product can be stored as inventory over the long term as regulatory paths to the Canadian market are defined. At this time, there is no path to the U.S. market for CBD derived from Canadian-grown hemp. The company is positioned to assist and enable American farmers to move their hemp to market and positions the company as an expert partner in the United States. Canopy Growth acquired a portfolio of hemp-specific IP when it acquired Colorado-based ebbu in November 2018. With more than 40 cannabis-related patent applications filed representing over 1500 inventions, the ebbu science team has become a data-driven, lab-tested cannabinoid research company. The company is prepared to invest in the infrastructure required to bring multiple CBD products to market at scale.
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AZZ | Hot Stocks06:40 EDT AZZ reports backlog at end of Q3 is up 8.7% to $307.8M - Incoming orders for the quarter were $211.3M resulting in a book to revenue ratio of 0.88. In the Q3 of FY19 incoming orders were $179.8M, resulting in a book to revenue ratio of 0.86. Backlog at the end of the Q3 of FY19 increased 8.7% to $307.8M compared to $283.2M for the Q3 last year. Approximately 54% of the current backlog is expected to be delivered outside the U.S., compared to 28% in the Q3 of FY18.
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LUV | Hot Stocks06:35 EDT Southwest reports December traffic - Southwest reported its December 2018 preliminary traffic statistics. The company flew 11.1B revenue passenger miles, or RPMs, in December 2018, an increase of 3.3% from the 10.7B RPMs flown in December 2017. Available seat miles, or ASMs, increased 5.4% to 13.6B in December 2018, compared with December 2017 ASMs of 12.9B. The December 2018 load factor was 81.6%, compared with 83.3% in December 2017.
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AL... | Hot Stocks06:33 EDT Air Lease provides Q4 activity update - As of December 31, 2018, ALC's (AL) fleet was comprised of 275 owned aircraft and 61 managed aircraft, with commitments to acquire a total of 372 new aircraft for delivery through 2024. Order book Deliveries: Delivered 12 new aircraft including 3 Boeing (BA) 737 MAX 8, 2 Boeing 787-9s, 4 Airbus (EADSY) A321neos, 2 Airbus A321ceos and 1 Airbus A330-900neo; The majority of this quarter's order book deliveries occurred throughout the second half of the quarter. Sales: Sold 2 aircraft to Thunderbolt Aircraft Lease Limited II; Sold 1 aircraft to Blackbird Capital II, LLC; Sold 2 aircraft to third party buyers. "Our business continues to perform well. As to the timing of deliveries and aircraft sales, one new aircraft delivery moved into the first quarter of 2019, as did a few of the aircraft sales to Thunderbolt II. We expect to complete the sale of the remaining six aircraft to Thunderbolt II in 2019," said Gregory Willis, Executive Vice President and CFO.
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GHM | Hot Stocks06:31 EDT Graham established new wholly owned subsidiary in India - Graham announced that it has established Graham India Private Limited, or GIPL, as a wholly owned subsidiary. GIPL, based in the northwest region of India, in Ahmedabad, has been initiated as a sales and market development office with an Indian national as sales director and business development leader. Graham's establishment of this new entity was driven by several strategic and macroeconomic factors. Asia is a key region for investment in new crude oil refining and petrochemical capacity, with India being an important market for such investments.
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PCG | Hot Stocks06:29 EDT S&P downgrades PG&E to 'B,' still Watch Negative - S&P Global Ratings lowered the issuer credit ratings on utility holding company PG&E Corp. and subsidiary Pacific Gas & Electric Co. to 'B' from 'BBB-', and lowered the short-term rating on both entities to 'B' from 'A-3'. We maintained the ratings on CreditWatch, where we placed them with negative implications on Nov. 15, 2018. S&P said, "In addition, we are assigning a '1' recovery rating to Pac Gas' unsecured debt. We lowered the rating on Pac Gas' unsecured debt to 'BB-' from 'BBB-' and maintained the rating on CreditWatch with negative implications. The CreditWatch negative placement reflects what we see as the souring political and regulatory environment and our view of the limited options that the company has to effectively manage its operating, financial, and regulatory risks. We could lower the rating one or more notches over the next few months if explicit steps are not taken by politicians or regulators to improve the regulatory compact despite the company's own missteps. We could also lower the ratings by one or more notches if management does not clearly articulate specific steps it will take to preserve credit quality over the long term." The downgrade reflects the company's recent announcement that its board of directors is reviewing PG&E's management, finances, governance and structural options.
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HVT | Hot Stocks06:28 EDT Haverty Furniture says Q4 sales were disappointing - The company said, "Our Q4 sales were disappointing. The pace of business was soft early in the quarter going into the Thanksgiving holiday. Our promotional cadence for this important shopping period was similar to last year but sales were beneath the 2017 record-setting level. The reduced transactional activity was partially mitigated by the continued growth in our average ticket. Our written sales post-Christmas to date are up mid-single digits as are our written comparable store sales. We re-entered the Chattanooga, TN market in December, after serving that area from 1928 to 1982, with a beautiful store in a great location. Our plans for the second half of 2019 include opening two stores in new markets and a store in Newnan, GA to better serve our customers in the growing southside metro-Atlanta area."
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HVT | Hot Stocks06:26 EDT Haverty Furniture reports comparable store sales down 1.6% - On a comparable store basis, sales for the quarter were down 1.6%. Comparable store sales include those made on the website and in stores, and excludes locations opened, closed or otherwise non-comparable during the last 12 months.
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BABA | Hot Stocks06:18 EDT Alibaba deepens partnership with German big data startup Data Artisans - Alibaba is deepening its partnership with Berlin-based data Artisans, collaborating to build up Apache Flink, software created by dA to process large amounts of data, the companies said Monday. Alibaba has been working with data Artisans, and supporting the open-source community built around the software, since 2016. In that time, both companies have helped the Flink community improve the architecture and performance of the software to meet the stream-processing demands of enterprises worldwide. The deepening of the partnership was a natural next step for the companies as they continued their work around Apache Flink, they said. The two companies plan to work together to "continue and accelerate their contributions to Apache Flink and open source big data in general." As a sign of that commitment, Alibaba will contribute its in-house modifications of Flink (called Blink) to the open-source community.
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HF | Hot Stocks06:17 EDT HFF announces sale and financing of 1,558 units portfolio in southeastern U.S. - Holliday Fenoglio Fowler, announces the sale and financing of a nine-property seniors housing portfolio totaling 1,558 units across the southeastern U.S. The HFF team marketed the property on behalf of the seller, Dominion Partners, acting on behalf of its affiliated partner, Somerby Senior Living. Bridge Investment Group purchased the offering free and clear of existing debt. Additionally, the team worked on the new owner's behalf to advise on acquisition financing. The portfolio, which has an average weighted vintage of 2012, includes seven stabilized assets averaging 94.3% occupancy and two assets in the late stages of lease-up. All of the communities are located in diversified, high-barrier-to-entry markets with a unit mix that includes 134 independent living villas, 771 independent living units, 393 assisted living units and 260 memory care units. The HFF investment advisory team representing the seller included senior managing directors Ryan Maconachy and Chad Lavender.
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AMZN | Hot Stocks06:16 EDT Amazon launches in-garage delivery with Key - Amazon yesterday announced new products, features and services supporting Key by Amazon, "which puts security, convenience, and control in the hands of customers to offer one common benefit that everyone can enjoy-the magic of being key-free. New offerings include the all-new Schlage Encode Smart Wi-Fi Deadbolt, the first WiFi-enabled smart lock for Key; Key for Garage with Chamberlin Group; compatibility with the Ring app for access control; and Key for Business, a smart fob for drivers delivering Amazon packages to commercial and residential properties." The Schlage Encode Smart WiFi Deadbolt is the first WiFi-enabled smart lock for Key. Key for Garage will allow any customer to monitor and control their garage door via the Key app. Ring customers will be able to lock and unlock their Key-compatible smart locks directly from the live feed of their camera in the Ring app. Key for Business is a smart fob for drivers delivering Amazon packages to commercial and residential properties. The technology allows building owners and managers to give controlled access to delivery drivers to drop off Amazon packages to their residents, and eliminate the need for building staff to manually give access each time deliveries are made. Key for Garage will allow any customer to monitor and control their garage door via the Key app. Also, in addition to receiving deliveries at home and in your car, eligible Amazon Prime members will soon be able to get deliveries in their garage.
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ICLR | Hot Stocks06:09 EDT Icon expects FY19 to be a robust year in revenue and earnings - The company commented "We expect 2019 to be another robust year of revenue and earnings progression for ICON. Supported by a positive business win trend of a trailing twelve month book to bill of 1.28x, we expect revenue to grow by 5.2 - 9.0% to a range of $2.735B-$2,835B. Furthermore, through our continued focus on efficiency and leveraging our global support infrastructure, we expect earnings per share to increase by 10.6 - 13.9% to a range of $6.69-$6.89. In addition to this organic growth, we feel we have the strongest balance sheet in the industry and will continue to focus on deploying capital to maximise shareholder value through a combination of M&A and share repurchases."
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KL | Hot Stocks06:07 EDT Kirkland Lake Gold announces record Q4 production of 230,993 ounces - Kirkland Lake Gold announced record levels of quarterly and annual gold production for the fourth quarter and full-year of 2018, respectively. Production in Q4 2018 totaled 230,993 ounces, 28% higher than the previous record of 180,155 ounces achieved in the third quarter of 2018. Q4 2018 production was significantly above target levels for the quarter and was driven by record quarterly production at both Fosterville (124,307 ounces) and Macassa (69,936 ounces). Production in 2018 totaled 723,477 ounces, a 21% increase from 596,405 ounces for full-year 2017. Three of the company's mines achieved record annual production in 2018, including 356,230 ounces at Fosterville, 240,126 ounces at Macassa and 58,633 ounces at the Taylor Mine, with the Holt Mine producing 67,770 ounces for the year.
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ICLR | Hot Stocks06:07 EDT Icon announces 1M shares repurchase program for FY19 - The company announces a share repurchases program of up to 1M shares to be executed opportunistically during 2019 depending on cash commitments to support M&A pipeline, no additional earnings benefit included in guidance.
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EXEL | Hot Stocks06:04 EDT Exelixis says partner Daiichi Sankyo receives regulatory approval for MINNEBRO - Exelixis announced that its partner Daiichi Sankyo Company, received approval from the Japanese Ministry of Health, Labour and Welfare for esaxerenone tablets, MINNEBRO 1.25 mg, 2.5 mg, and 5 mg, as a treatment for patients with hypertension. This approval allows for the marketing of MINNEBRO for this indication within Japan. MINNEBRO is a compound identified during the prior research collaboration between Exelixis and Daiichi Sankyo, which the companies entered into in March 2006, and has been subsequently developed by Daiichi Sankyo. Per the collaboration agreement between Exelixis and Daiichi Sankyo, Exelixis will receive a $20M milestone payment upon the first commercial sale of MINNEBRO in Japan. Exelixis previously received a $20M milestone payment in the first quarter of 2018 triggered by the filing of Daiichi Sankyo's associated regulatory application. Exelixis is eligible for substantial commercialization milestones, as well as low double-digit royalties on sales of MINNEBRO. Since the conclusion of Exelixis and Daiichi Sankyo's joint research period in November 2007, Daiichi Sankyo has been responsible for all subsequent preclinical and clinical development, and also oversees regulatory, manufacturing and commercialization activities for MINNEBRO.
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BTC BITCOIN | Hot Stocks06:02 EDT Coinbase suspends ethereum classic after blockchain history reorganizations - Coinbase said in a blog post: "On 1/5/2019, Coinbase detected a deep chain reorganization of the Ethereum Classic blockchain that included a double spend. In order to protect customer funds, we immediately paused interactions with the ETC blockchain. Subsequent to this event, we detected 8 additional reorganizations that included double spends, totaling 88,500 ETC (~$460,000). Update: Subsequent to this event, we detected 12 additional reorganizations that included double spends, totaling 219,500 ETC (~$1.1M)... The Coinbase team is currently evaluating the safety of re-enabling sends and receives of Ethereum Classic and will communicate to our customers what to expect regarding support for ETC. Coinbase takes security very seriously. As part of that commitment, we monitor blockchains for activity that could be harmful to our customers and take prompt action to safeguard funds. We want to emphasize to customers that Coinbase strives to be the most trusted and safest place to buy, sell, or store cryptocurrency." Reference Link
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BHGE GE | Hot Stocks06:01 EDT Baker Hughes announces December international rig count of 1,025, up 34 - Baker Hughes announced that the Baker Hughes international rig count for December 2018 was 1,025, up 34 from the 991 counted in November 2018, and up 71 from the 954 counted in December 2017. The international offshore rig count for December 2018 was 234, up 28 from the 206 counted in November 2018, and up 43 from the 191 counted in December 2017. The average U.S. rig count for December 2018 was 1,078, up 1 from the 1,077 counted in November 2018, and up 148 from the 930 counted in December 2017. The average Canadian rig count for December 2018 was 141, down 57 from the 198 counted in November 2018, and down 64 from the 205 counted in December 2017. The worldwide rig count for December 2018 was 2,244, down 22 from the 2,266 counted in November 2018, and up 155 from the 2,089 counted in December 2017.
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SSNLF... | Hot Stocks05:59 EDT Samsung says Google bringing some of its services to Bixby - Samsung (SSNLF) announced that Bixby will be integrated into more of its products, including its 2019 QLED TVs as well as a range of smart appliances like refrigerators, washers and AI speakers. Additionally, the company said its assistant will also be able to help drivers and passengers as it's expanding into Samsung's new Digital Cockpit. Google (GOOG, GOOGL) will also be joining the ecosystem with products like Google Play, YouTube and Google Maps becoming compatible with Bixby in the near future. "Bixby started as a smarter way to use your Galaxy phone," Samsung said in a statement. "Today, it is evolving to become a scalable, open AI platform that will support more and more devices."
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GDS | Hot Stocks05:54 EDT GDS Holdings announces new project in Kunshan - GDS Holdings announced that it has commenced construction of a major new project in Kunshan, approximately 45 km from Shanghai city center. The project consists of two data centers, Kunshan 2 and Kunshan 3, with total capacity of approximately 11,400 sqm of IT area, which has already been 100% pre-committed by strategic hyper-scale customers for their cloud expansion requirements. The new data centers will be developed on existing land owned by the company adjacent to its Kunshan 1 data center, a facility which has been in operation for over eight years. The expected delivery date is 2020.
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HX | Hot Stocks05:50 EDT Hexindai provides details on strategic investment in Phoenix Finance subsidiary - Hexindai provided further details on its strategic investment originally announced on December 10, 2018. The strategic investment is expected to help expand Hexindai's business. Under the terms of the definitive agreements, Hexindai has agreed to acquire a 5.88% equity stake in Phoenix Intelligent Credit Group, a wholly owned subsidiary of Phoenix Financial Group and operator of one of China's leading peer-to-peer lending, or P2P, platforms, for a total consideration of approximately $29M. The two parties are expected to facilitate about RMB10 billion in consumer credit loans over a term of three years beginning in 2019. Mr. Xinming Zhou, CEO of Hexindai, commented, "We are excited to begin cooperating with Phoenix Finance's P2P platform. Together, we will work closely on expanding our consumer credit loan business and enhancing our big data-driven risk management systems to create enormous synergies. Going forward, we will continue to develop strategic relationships with respected institutions to seek operating synergies, diversify our user acquisition channels and funding sources, reduce funding cost, and further strengthen our risk management as we work to increase confidence in our platform and better serve customers."
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MANU | Hot Stocks05:45 EDT Manchester United to open club-themed entertainment, experience centers in China - Manchester United, in partnership with leading Chinese property developer, Harves, has announced that it will open a series of club themed entertainment and experience centers throughout China. The Beijing center will be located within the Beijing FUN development, in the historic Qianmen Dashilan area right next to Tiananmen Square and the Forbidden City. Each venue will feature interactive and immersive experiences, using state-of-the-art technology to bring Manchester United to life. Fans who visit will be able to experience the thrill of a matchday at Old Trafford as well as learn the history and heritage of English football's most successful and storied club. Each Manchester United Entertainment and Experience Center will offer visitors a different experience and will include restaurants, along with a club retail store.
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BFRA | Hot Stocks05:39 EDT Biofrontera gets FDA approval for upscaling of batch size for Ameluz production - Biofrontera announced that the FDA, and earlier the European Medicines Agency, or EMA, have approved the upscaling of the batch size for the production of Ameluz to 35 kg from previously 7 kg. The FDA-approval is effective January 3, 2019. The FDA defines a batch as a specific quantity of a drug that is intended to have uniform character and quality, within specified limits, and is produced according to a single manufacturing process in the same cycle of manufacture.
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NVS | Hot Stocks05:36 EDT Novartis therapy crizanlizumab receives FDA Breakthrough Therapy designation - Novartis announced that the FDA has granted crizanlizumab Breakthrough Therapy designation for the prevention of vaso-occlusive crises, or VOCs, in patients of all genotypes with sickle cell disease, or SCD. Also known as sickle cell pain crises, VOCs are unpredictable and extremely painful events that can lead to serious acute and chronic complications. VOCs happen when multiple blood cells stick to each other and to blood vessels, causing blockages. Treatments that make blood cells and blood vessels less sticky may help reduce the number of days patients experience VOCs.
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GILD | Hot Stocks05:34 EDT Gilead HCV treatment Epclusa approved by Japan MHLW - Gilead Sciences announced that Japan's Ministry of Health, Labour and Welfare, or MHLW, has approved Epclusa, a once-daily treatment for adults with chronic hepatitis C virus, or HCV, infection with decompensated cirrhosis, and for patients with chronic HCV infection without cirrhosis or with compensated cirrhosis who have had prior treatment with a direct-acting antiviral therapy, or DAA. Until now, no treatment option has been available in Japan for the treatment of chronic HCV infection with decompensated cirrhosis, and there have been limited treatment options for patients with chronic HCV infection who have had prior treatment with a DAA. Epclusa offers a new option for both of these difficult-to-treat patient populations. Epclusa is a combination treatment that contains sofosbuvir, an NS5B polymerase inhibitor that was approved in Japan as Sovaldi 400 mg tablets in March 2015, and velpatasvir, an active ingredient that inhibits NS5A.
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SKM SBGI | Hot Stocks05:25 EDT SK Telecom signs JV agreement with Sinclair Broadcast - SK Telecom (SKM) and Sinclair Broadcast Group (SBGI) announced in Las Vegas that the companies signed a joint venture agreement to lead the next-generation broadcasting solutions market in the U.S. and globally. The two companies will jointly fund and manage a joint venture company within the first quarter of this year.The commercialization of broadcasting solutions based on ATSC 3.0 - which enables data communications in broadcasting bands - will give rise to new services such as personalized advertisement and in-vehicle terrestrial TV broadcasting and map updates. It will also support two-way communication between broadcasting companies and user's smartphone/vehicle/TV by recognizing user's personal IP address. SK Telecom and Sinclair anticipate all television broadcasting stations throughout the U.S. will adopt broadcasting solutions based on ATSC 3.0 within the next decade. Through the joint venture company, the two companies plan to actively provide ATSC 3.0 standards-based solutions to all U.S. broadcasting companies and seek other opportunities globally. The joint venture agreement follows last year's memorandum of understanding signed between SK Telecom and Sinclair at CES 2018 to jointly develop leading technology for ATSC 3.0 broadcasting.
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IBM | Hot Stocks05:20 EDT IBM inventors earn 9,100 patents in 2018 - IBM inventors received a record 9,100 patents in 2018, marking the company's 26th consecutive year of U.S. patent leadership. IBM led the industry in the number of artificial intelligence, cloud computing, security and quantum computing-related patent grants. Overall, nearly half of the 2018 patents relate to pioneering advancements in AI, cloud computing, security, blockchain and quantum computing. The industry-leading 1,600 AI patents IBM inventors were granted in 2018 include new ways to use AI to help us converse and protect the earth's lakes and waterways. AI also played a large role in the more than 1,400 security patents IBM inventors were granted in 2018, including an AI-powered security approach to combat voice phishing.
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XOM IBM | Hot Stocks05:19 EDT Exxon Mobil signs partnership agreement with IBM - ExxonMobil (XOM) said that it has signed a partnership agreement with IBM (IBM) to advance the potential use of quantum computing in developing next-generation energy and manufacturing technologies. The new partnership was formally announced during the 2019 Consumer Electronics Show in Las Vegas. As part of the agreement, ExxonMobil becomes the first energy company to join the IBM Q Network, a worldwide community of Fortune 500 companies, startups, academic institutions and national research labs working to advance quantum computing and explore practical applications for science and business. Advances in quantum computing could provide ExxonMobil with an ability to address computationally challenging problems across a variety of applications, including the potential to optimize a country's power grid, and perform more predictive environmental modeling and highly accurate quantum chemistry calculations to enable discovery of new materials for more efficient carbon capture. ExxonMobil's partnership with IBM expands the company's collaborative efforts with other companies and academic institutions that are focused on developing an array of new energy technologies, improving energy efficiency and reducing greenhouse gas emissions. The company currently works with about 80 universities in the United States, Europe and Asia to explore next-generation energy technologies.
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NSU | Hot Stocks05:18 EDT Zijin Mining acquires additional 3.07% of Nevsun Resources - Nevsun Resources announced that in connection with Zijin's offer to purchase all of the issued and outstanding common shares of Nevsun for C$6.00 per Nevsun Share, an additional 9.53M Nevsun Shares, representing approximately 3.07% of all issued and outstanding Nevsun Shares, have been deposited under the Offer and not withdrawn during the extension period. Zijin thanks all the shareholders who have tendered their Nevsun Shares for their continued support of the Offer. Zijin, through its subsidiary, has taken up all of the Additional Shares and will pay the depositary the aggregate consideration of C$57.16M for the Additional Shares on January 8, 2019. As a result of the take up and upon payment of all of the Additional Shares, and the 276,820,575 Nevsun Shares taken-up on December 28, 2018, Zijin will own approximately 92.44% of the total issued and outstanding shares of Nevsun. As the Offer has now expired, Zijin intends to acquire the balance of the Nevsun Shares by way of compulsory acquisition, as more fully described in the Offer circular. A notice of compulsory acquisition is expected to be mailed in the coming days to Nevsun shareholders who did not tender their shares to the Offer. Shareholders are encouraged to carefully review the notice of compulsory acquisition and complete and return the letter of transmittal, together with the certificates representing their Nevsun Shares, in accordance with the instructions included in the notice of compulsory acquisition in order to receive payment for their shares as soon as possible. Zijin intends to apply to de-list the Nevsun Shares from the Toronto Stock Exchange and the New York Stock Exchange effective on the completion of the compulsory acquisition. In addition, on completion of the compulsory acquisition, Zijin intends to cause Nevsun to cease to be a reporting issuer under the securities laws of each province of Canada in which it is a reporting issuer and to cease to have public reporting obligations in any other jurisdiction in which it currently has such obligations.
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