Stockwinners Market Radar for October 30, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
DB | Hot Stocks21:00 EDT Deutsche Bank cuts prime lending rate by 25bps to 4.75% - Deutsche Bank announced that its New York Branch, Deutsche Bank New York, and its subsidiary Deutsche Bank Trust Company Americas have decreased their prime lending rate from 5.00% to 4.75% effective tomorrow, October 31, 2019.
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ORN | Hot Stocks20:10 EDT Orion Group reports Q3 backlog $630.5M
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PCG | Hot Stocks20:04 EDT PG&E announces restoration of power for 196.5K customers since this morning - Pacific Gas and Electric Company confirmed that it had restored power to approximately 196,500 customers since the Oct. 29 Public Safety Power Shutoff "All Clear" was given at 10:00 a.m. today. 168,500 total PSPS impacted customers remain out of power.
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WHD | Hot Stocks19:56 EDT Cactus initiates 9c quarterly dividend - The dividend is payable on December 19, 2019 to holders of record at the close of business on December 2, 2019.
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C | Hot Stocks19:47 EDT Citi cuts prime rate by 25bps to 4.75% - Citibank, N.A. has reduced its base lending rate to 4.75% from 5.00%, effective tomorrow, Thursday, October 31, 2019.
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LOXO LLY | Hot Stocks19:16 EDT Eli Lilly's Loxo Oncology gets orphan status in RET-fusion-positive NSCLC - The FDA granted Eli Lilly's Loxo Oncology orphan status for its treatment of RET-fusion-positive non-small cell lung cancer. Reference Link
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ALLK | Hot Stocks19:13 EDT Allakos gets orphan status for treatment of eosinophilic esophagitis - The FDA granted Allakos orphan status for its treatment of eosinophilic esophagitis. Reference Link
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XNET | Hot Stocks19:03 EDT Xunlei to set up $100M blockchain investment fund - Xunlei Limited shared that the company is in the preliminary stage of planning to establish an independently operated private equity fund to invest in blockchain technology. The company hopes to raise up to $100M for this fund, which will primarily invest areas including, but not limited to innovative blockchain technology, blockchain business models and digital assets. This fund will be operated outside of China independent from Xunlei,s Chinese operating entities. Details regarding this fund are still being discussed as the company is still in the early stages of preparation, more information will be shared once they become confirmed and available.
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OLED... | Hot Stocks19:00 EDT Fly Intel: After Hours Movers - UP AFTER EARNINGS: Universal Display (OLED) up 15.2%... Moelis (MC) up 10.4%... Sprouts Farmers (SFM) up 9.3%... SunPower (SPWR) up 8.0%... Ultra Clean (UCC) up 7.7%... Murphy USA (MUSA) up 7.6%... Cirrus Logic (CRUS) up 6.9%... 8x8 (EGHT) up 5.4%... Legg Mason (LM) up 5.1%... Alphatec (ATEC) up 5.0%... Habit Restaurants (HABT) up 5.0%... Staar Surgical (STAA) up 4.9%... Facebook (FB) up 4.6%... Teladoc (TDOC) up 4.6%... Warrior Met Coal (HCC) up 4.3%... Pluralsight (PS) up 4.3%... Valaris (VAL) up 4.0%... Dynatrace (DT) up 3.7%... Zynga (ZNGA) up 3.5%... Cardtronics (CATM) up 3.5%... LendingTree (TREE) up 3.2%... Callaway Golf (ELY) up 3.2%... Qualys (QLYS) Up 3.2%... Viavi (VIAV) up 2.8%... Starbucks (SBUX) up 2.6%... Lyft (LYFT) up 1.9%... Apple (AAPL) up 1.8%... AXT Inc (AXTI) up 1.6%... Medallian Financial (MFIN) up 1.0%. ALSO HIGHER: BJs Wholesale (BJ) up 6.6% after entering S&P MidCap 400. DOWN AFTER EARNINGS: Merit Medical (MMSI) down 33.0%.... Haverty Furniture (HVT) down 11.8%... Basic Energy (BAS) down 11.3%... Western Digital (WDC) down 10.2%... Terex (TEX) down 9.1%... AK Steel (AKS) down 9.0%... Twilio (TWLO) down 8.5%... Etsy (ETSY) down 8.1%... TTM Technologies (TTMI) down 7.4%... Faro Technologies (FARO) down 7.4%... SolarWinds (SWI) down 7.0%... Lincoln Financial (LNC) down 5.0%... 3D Systems (DDD) down 4.2%... Exelixis (EXEL) down 3.6%... Perkin Elmer (PKI) down 3.1%... CF Industries (CF) down 2.9%... Conmed Corp (CNMD) down 2.6%... Cree (CREE) down 2.3%... Annaly Capital (NLY) down 2.0%... Qiagen (QGEN) down 1.9%... Bright Horizons (BFAM) down 1.9%. ALSO LOWER: Crocs (CROX) down 5.3% after equity offering... Movers as of 18:15ET.
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TREX | Hot Stocks18:45 EDT Trex Company CEO: We've guided 2020 as a high growth year for us - In an interview on CNBC's Mad Money, Trex Company CEO Jim Cline said: The long term opportunity for us is still there... We see Q4 as a strong quarter... Wood is the largest opportunity... Focusing on a competitor is not helpful in my mind... Millennials and Baby Boomers both want ultra low maintenance.
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PAR | Hot Stocks18:39 EDT Procurant acquires SureCheck from ParTech, terms not disclosed - Procurant, a Silicon Valley technology company transforming the global food supply chain, announced a definitive agreement to acquire the SureCheck mobile food safety solutions and monitoring business from ParTech Inc., a wholly owned subsidiary of PAR Technology Corporation. "The combination of SureCheck's leading mobile food safety and task management products with Procurant's food supply chain platform creates a solution unmatched in this industry," said Eric Peters, CEO of Procurant. "With food safety and visibility across the supply chain becoming ever more critical, Procurant's innovative approach will help our customers move beyond simple homegrown systems of the past for better visibility, control and trust from farms to consumers."
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AGRX | Hot Stocks18:36 EDT Agile Therapeutics announces favorable outcome of FDA meeting for Twirla - Agile Therapeutics announced a positive outcome from the meeting of the Bone, Reproductive and Urologic Drugs Advisory Committee of the U.S. FDA. The BRUDAC met to discuss the company's New Drug Application for its lead product candidate, Twirla, an investigational combined hormonal contraceptive patch. The BRUDAC voted 14 to 1, with 1 abstention, that the benefits of Twirla in the prevention of pregnancy outweigh the risks to support approval. Agile resubmitted the NDA for Twirla on May 16. The advisory committee's non-binding vote is taken into consideration by the FDA as part of its evaluation of the NDA. The FDA has assigned a PDUFA goal date of November 16 for the completion of its review of the Twirla NDA.
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SU | Hot Stocks18:33 EDT Suncor cuts FY19 production view to 780K-790K boe/d - Suncor has updated its production and other information in its 2019 corporate guidance, previously updated on July 24, 2019. The total production outlook range has been updated from 780,000 - 820,000 boe/d to 780,000 - 790,000 boe/d to reflect the impact of production for the first nine months of 2019 and the planned fourth quarter production given the higher levels of mandatory production curtailment. Oil Sands operations production has been updated from 410,000 - 440,000 bbls/d to 410,000 - 425,000 bbls/d, Fort Hills production has been updated from 85,000 - 95,000 bbls/d to 85,000 - 90,000 bbls/d, and E&P production has been updated from 105,000 - 115,000 boe/d to 105,000 - 110,000 boe/d. As a result of the changes to the Oil Sands operations production range, the SCO sales range has narrowed from 315,000 - 335,000 bbls/d to 315,000 - 320,000 bbls/d. Oil Sands operations cash operating costs per barrel have been updated to $27.00 - $28.00 from $24.00 - $26.50, reflecting mandatory production curtailment, the impact of conscious decisions taken to change the production mix to maximize the value of the barrels while operating under curtailment, and higher maintenance and contractor costs. East Coast Canada royalties have been updated from 17% - 21% to 13% - 17%, with the decrease in royalty rates attributed to the change in production mix among the company's East Coast assets. Suncor has also updated its full year business environment outlook assumptions for Brent Sullom Voe from US$66.00/bbl to US$63.00/bbl, WTI at Cushing from US$58.00/bbl to US$56.00/bbl, AECO - C Spot from $1.70/GJ to $1.50/GJ, New York Harbor 2-1-1 crack from US$19.00/bbl to US$20.00/bbl, and the Cdn$/US$ exchange rate from 0.76 to 0.75, due to changes in key forward curve pricing for the remainder of the year.
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BCC | Hot Stocks18:33 EDT Boise increases quarterly dividend, declares supplemental dividend - Boise Cascade has declared a quarterly dividend of 10c per share, an increase of 1c per share or 11%, as well as a supplemental dividend of $1.00 per share, to holders of its common stock. The dividends will be paid on December 16 to stockholders of record on December 2.
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WING | Hot Stocks18:22 EDT Wingstop CEO: We have all the right sales drivers in place - In an interview on CNBC's Mad Money, Wingstop CEO Charles Morrison said: We have a runway for growth not only here in the U.S. but in the whole world... We are very bullish on our partnership with DoorDash... Delivery is a perfect fit for us.
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KN | Hot Stocks18:17 EDT Knowles director Scherp sells 25K shares of common stock - In a regulatory filing, Knowles disclosed that the president of its Performance Audio unit sold 25K shares of common stock on October 29th. The total transaction size was $523K.
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GPL | Hot Stocks18:16 EDT Great Panther Silver CEO James Bannantine departs, Jeff Mason named interim CEO - Great Panther Silver announces that James Bannantine, President & CEO, has departed the company effective October 30 following a determination by the company's Board of Directors to effect a leadership change. Board Chair, Jeffrey Mason, has assumed the additional role of Interim President & CEO and will continue in that capacity until a permanent successor is in place. Mason has been actively involved in overseeing the company's operations since his appointment as Board Chair in July. Mason first joined Great Panther's Board in May 2014 and has played an active role on various committees developing the strategic direction of the company and overseeing acquisitions and integration. A formal search process is being commenced forthwith.
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PNC | Hot Stocks18:14 EDT PNC Financial cuts prime rate by 25bps to 4.75% - The new rate of 4.75% is effective tomorrow, Oct. 31, 2019.
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WBS | Hot Stocks18:06 EDT Webster Financial lowers prime lending rate to 4.75% from 5% - Webster Financial announced that it has lowered its prime lending rate to 4.75% from 5% effective October 31.
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TCFC | Hot Stocks18:06 EDT Community Financial announces board Chairman Middleton to retire in 2020 - The Community Financial Corporation announced that Chairman, Michael L. Middleton will retire on June 30, 2020 as Chairman of the Board and as a director of both the Company and the Bank after 40 years of service. The Board has selected Austin J. Slater, Jr., to succeed Mr. Middleton as Chairman on that date. The Board also appointed Austin J. Slater, Jr. as Lead Independent Director of the Bank and Holding Company effective immediately to serve through June 30, 2020.
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IIPR | Hot Stocks18:04 EDT Innovative Industrial Properties closes $10.5M leaseback deal with GR Companies - Innovative Industrial Properties announced that it closed on a sale-leaseback transaction with a subsidiary of GR Companies Inc. for a property located in Litchfield, Illinois, which comprises approximately 70,000 square feet of industrial space. The purchase price for the property was $10.5M. Concurrent with the closing of the acquisition, IIP entered into a long-term, triple-net lease agreement for the property with Grassroots, which intends to continue to operate the property as a licensed cannabis cultivation and processing facility. Grassroots is also expected to complete additional tenant improvements for the property, including a 50,000-square-foot planned expansion, for which IIP has agreed to provide reimbursement of up to approximately $17.7M, which funding is subject to reduction at Grassroots' option within the first nine months of the lease term. Assuming full reimbursement for the tenant improvements, IIP's total investment in the property will be approximately $28.2M.
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CE | Hot Stocks18:02 EDT Celanese increasing price of Amcel and other polyacetal grades in Europe - Celanese is increasing the price on its Amcel and non-branded standard polyacetal grades sold in Europe. The price increase of EUR0.05 per kilogram will be effective November 1, or as contracts otherwise allow.
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AAPL | Hot Stocks18:00 EDT Apple says Q4 third party subscriptions grew 40% y/y - Says: Half of iPad purchasers were new to iPad... Saw five times iPhone trade in volume vs. last year... Giving TV+ to iPhone users is a "gift"... About 75% of Apple Watch buyers are new to Apple Watch... Trade tensions are less, looking more positive... Wearables are doing "so great" in China... Saw key gaming approvals in China in Q4... Expects better China reception as trade tensions wane... Paying some tariffs currently... Tone has changed significantly on tariffs... FX "clearly a headwind for us right now"... Committed to making monthly hardware payments easier... Too early to tell Apple Arcade conversion rate... Apple Arcade off to good start.
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PPC | Hot Stocks17:55 EDT Pilgrim's Pride CEO says Q3 conditions were 'much improved' - CEO Jayson Penn says: "After a challenging Q3 2018 within the U.S. pure commodity market, conditions during Q3 of this year were much improved. The environment in non-commodity chicken was in-line with seasonality and remained strong, driven by demand from retailers and QSRs. We remain committed to our Key Customer strategy, which is the basis for our growth. Revenues from Key Customers have more than doubled over the past eight years, and we will continue to support their growth. We are investing to further differentiate our portfolio, and increase our capacities and capabilities to meet customer expectations. We expect value added, differentiated products to account for a significantly larger portion of our total results over the next few years as we continue to reduce our mix of more volatile commodity sales and improve our margin profile. Mexico was in-line with normal seasonality and significantly better than last year. We expect to generate improved performance for the remainder of 2019 as demand continues to grow. Our Prepared Foods have continued to increase at a double digit rate and are generating great results under both premium Pilgrim's and Del Dia brands to drive the evolution of our Mexican portfolio towards more differentiated, higher-value products and margin expansion. Our European operations have continued to make progress in mitigating input cost challenges, and are already generating better results throughout Q3. Despite seasonally cooler weather, improvements in operational efficiencies, and better integration of input costs into customer pricing models drove the improvement in performance. We expect a continuation of the momentum into Q4."
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USB | Hot Stocks17:52 EDT U.S. Bancorp cuts prime lending rate by 25bps to 4.75% - U.S. Bancorp has decreased its prime lending rate to 4.75% from 5.00%, effective tomorrow, October 31, 2019, at all U.S. Bank locations.
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GLD | Hot Stocks17:51 EDT SPDR Gold Shares holdings fall to 915.55MT from 917.39MT - This is the second consecutive decline and the lowest level of holdings since September 24th.
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TDW | Hot Stocks17:39 EDT Tidewater names Larry T. Rigdon chairman of the board - Tidewater announced that Larry T. Rigdon has been elected Chairman of the Board of Tidewater Inc. effective October 28. Rigdon replaces Dr. Thomas R. Bates, Jr., who has recently resigned from the board. Rigdon has been a member of the Tidewater Board of Directors since August 2017. He has extensive prior experience as an executive at Tidewater. Rigdon served as Interim Chief Executive Officer of Tidewater for the five-month period ended March 2018 and had previously joined the company in 1992 upon the merger with Zapata Gulf Marine Corporation. Additionally, the Company announces that the size of the board has been reduced from ten to eight members effective immediately. The immediate reduction in board size is the result of the resignation of Dr. Thomas R. Bates, Jr. and Mr. Steven L. Newman. These resignations were not the result of any known disagreements between the resigning directors and management or the board of Tidewater. In connection with these changes, the board has appointed, effective immediately, Ms. Randee E. Day to be Chairwoman of the Nominating & Governance Committee, Mr. Louis A. Raspino to be Chairman of the Compensation Committee, and has confirmed Mr. Dick H. Fagerstal as Chairman of the Audit Committee.
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EGP | Hot Stocks17:38 EDT EastGroup Properties chairman sells 6,000 common shares - In a regulatory filing, EastGroup Properties chairman David H. Hoster II disclosed the sale of 6,000 common shares of the company at a price of $132.84 per share.
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SBUX | Hot Stocks17:36 EDT Starbucks foresees minimal impact from foreign currency translation in FY20 - Sees higher FY20 interest cost as a result of debt issuances. Says foresees minimal impact from foreign currency in FY20. Sees favorable coffee costs, higher dairy costs in FY20. Sees year-over-year EPS growth at its highest in Q4 for FY20.
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FSK KKR | Hot Stocks17:36 EDT FS KKR Advisor makes senior leadership changes - FS/KKR Advisor, a partnership between FS Investments and KKR Credit (KKR), announced several leadership changes. Steven Lilly, who joined FS Investments as a Managing Director in October, will assume the role of CFO of certain business development companies advised by FS/KKR in mid-November. In his role, Lilly will help strategically lead and will oversee the finance, investor relations and capital markets functions at FS KKR (FSK), FS Investment Corporation II, FS Investment Corporation III, and FS Investment Corporation IV. Effective with Lilly's appointment, William Goebel, who currently serves as the BDCs' CFO, will become the BDCs' Chief Accounting Officer. In addition, Daniel Pietrzak and Brian Gerson have been appointed Co-Presidents of the BDCs. In connection with Mr. Gerson and Mr. Pietrzak's appointment, Todd Builione has stepped down as President of the BDCs, but will continue to serve as President of FS/KKR and as a Director for each of the BDCs. Drew O'Toole and Ryan Wilson have been appointed Co-COO's of the BDCs. O'Toole is an Executive Director of FS Investments. Wilson is a Director of KKR Credit and the Chief Operating Officer of KKR Private Credit.
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CVET ASRT | Hot Stocks17:35 EDT Covetrus to replace Assertio Therapeutics in S&P 600 at open on 11/5 - Assertio Therapeutics is ranked near the bottom of the S&P SmallCap 600 and is no longer representative of the small-cap market space.
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BJ CVET | Hot Stocks17:34 EDT BJ's Wholesale to replace Covetrus in S&P 400 at open on 11/5 - Covetrus has a market capitalization that is more representative of the small-cap market space.
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OII TTS | Hot Stocks17:33 EDT Oceaneering to replace Tile Shop in S&P 600 at open on 11/5 - Tile Shop Holdings announced that it is voluntarily delisting its common shares from NASDAQ and will no longer trade on an eligible exchange.
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FB | Hot Stocks17:32 EDT Facebook CFO expects Q4 revenue growth to continue to decelerate - Comments taken from Q3 earnings conference call.
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CDAY OII | Hot Stocks17:32 EDT Ceridian to replace Oceaneering in S&P 400 at open on 11/5 - Oceaneering International has a market capitalization that is more representative of the small-cap market space.
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VAR | Hot Stocks17:31 EDT Varian Medical cancer treatment hardware and software selected by Icon Group - Varian's cancer treatment hardware and software has been purchased by Icon Group, Australian provider of cancer care with a growing reach into New Zealand and Asia. The order includes the first Asia-Pacific purchase of Ethos therapy, an Adaptive Intelligence solution. Ethos therapy is an artificial intelligence driven holistic solution designed to increase the capability, flexibility, and efficiency of radiotherapy. This order also includes the Varian TrueBeam linear accelerator and Halcyon radiotherapy system, as well as the Identify Guidance System. This investment comes on the back of the build of a cancer center at Mt Alvernia Hospital, Singapore, equipped with a Varian TrueBeam linear accelerator and the first on the island to use HyperArc technology. Icon and Varian will work together to implement this technology package and have it operational over the next 12 months across the Group's cancer centers in Australia, Singapore and China.
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SBUX | Hot Stocks17:31 EDT Starbucks 'fully committed' to long-term model of double-digit EPS growth - Says remains "fully committed" to long-term model of double-digit EPS growth. Sees sequential improvement in net new stores in FY20.
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FB | Hot Stocks17:30 EDT Facebook CFO lowers FY19 Capital Expense view to $16B-$17B from $17B-$19B - Sees FY19 tax rate around 16% vs. prior forecast of "mid-teens".
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GD | Hot Stocks17:27 EDT General Dynamics awarded $162.4M Army procurement contract - General Dynamics was awarded a $162.4M hybrid contract to procure small multipurpose equipment transport systems; support hardware including authorized stockage list kits and prescribed load list kits and services for refurbishment, user training, field service representative, system technical support, program management support for pre-production meetings, and storage. Four bids were solicited with four received. Work locations and funding will be determined with each order, with an estimated completion date of October 29, 2024. U.S. Army Contracting Command is the contracting activity.
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FB | Hot Stocks17:25 EDT Facebook CFO says making significant investment in privacy and security - Says hope to help businesses in shift to Stories, Video and Messaging in advertising.
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ICL | Hot Stocks17:24 EDT ICL signs contract for sale of Potash to customer in India - ICL announced that further to its announcement regarding a five-year supply agreement with Indian Potash Limited, India's largest importer of potash, the company signed an agreement to update the price by $10 less per tonne, for all shipments from October 2019 to March 2020.
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HCP | Hot Stocks17:23 EDT HCP changes name to Healthpeak Properties - HCP announced that it has changed its name to Healthpeak Properties, effective October 30. Healthpeak's common stock is expected to begin trading under its new name and ticker symbol "PEAK" on the New York Stock Exchange at the opening of trading on November 5.
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AAPL | Hot Stocks17:19 EDT Apple says saw improvement in revenue trends in China in Q4 - Says: Set Q4 records for Wearables...Saw amazing Wearable results for airpods, watch, beats... iPhone 11 is best selling phone... Saw double-digit services growth globally... New all-time highs for App store, Music... Well on way to double FY16 services revenue in 2020... All time record revenues on payment services... Apple Pay transactions doubled y/y... Apple Pay in 49 markets, 6,000 issuers..."Thrilled by positive reception" to Apple Card.. To launch no interest iPhone payments on Apple Card... To let users manage iPhone payments on Apple Card...Crossed $100B in U.S. revenue for first time in FY19... "Enormous amount" to look forward to over holidays. Comments taken from Q4 earnings conference call.
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CWCO | Hot Stocks17:18 EDT Consolidated Water acquires controlling interest in PERC Water Corp for $4.1M - Consolidated Water has purchased a controlling interest in PERC Water Corporation for approximately $4.1M. PERC is an innovative water infrastructure company headquartered in Costa Mesa, California that develops, designs, builds, operates and manages water and wastewater infrastructure throughout the Western U.S. The company's proven business model provides customers certainty in cost, scheduling and performance through a wide range of project delivery methods and asset management services. PERC generated approximately $8.7M and $11.8M in revenues over the nine months ended June 30, 2019 and the twelve months ended September 30, 2018, respectively. As a result of the transaction, a small group including PERC senior executives now collectively own 49% of PERC. Consolidated Water has been granted a call option, exercisable after three years, to purchase the remaining 49% of PERC at market value. The minority shareholders in PERC each have individual put options, exercisable after five years, to compel Consolidated Water to buy a portion or all of their remaining 49% ownership at market value.
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SBUX | Hot Stocks17:18 EDT Starbucks says made 'significant strides' expanding digital footprint in China - Says has "strong evidence" approach to traffic and customer experience is working. Says making targeted investments in partnerships to improve customer experience. Says has made "significant strides" expanding digital footprint in China. Says surpassed goal to expand Starbucks Delivers in China. Says FY19 gives company confidence in growth strategies. Says has made significant progress to streamline company. Says "excited" about ability to sustain growth heading into FY20. Comments taken from Q4 earnings conference call.
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HLF | Hot Stocks17:17 EDT Carl Icahn raises Herbalife Nutrition stake to 23.92% from 22.41% - In a regulatory filing, Carl Icahn disclosed a 23.92% stake in Herbalife Nutrition, which represents 147,292,579 shares. The filing allows for activism.
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FB | Hot Stocks17:16 EDT Facebook CEO says Payments is area he is 'most excited about' - Says being able to send money as easily as sending a photo can open up more opportunities for businesses. Says will work with regulators to address all concerns before Libra can be launched. Says the launched Oculus Quest has gotten good reviews, shipping the product "as fast as we can make them". Expect to see even more innovation in augmented and virtual reality in the next few years. Says this technology will be among the company's most important contributions. Says Q3 is an "important quarter" because we now "have a path forward". Comments taken from Q3 earnings conference call.
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CRUS | Hot Stocks17:15 EDT Cirrus Logic trading resumes
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HSBC | Hot Stocks17:14 EDT HSBC Bank USA cut prime, reference rates to 4.75%-5% - HSBC Bank USA, N.A., and its affiliates announced that they have lowered their prime and reference rates to 4.75% from 5.00%, effective Oct. 31, 2019.
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CBOE | Hot Stocks17:14 EDT Cboe Global Markets increases share authorization by $250M - Cboe Global Markets announced that its board has increased its share repurchase authorization by $250M, and also declared a quarterly cash dividend of 36c per share of common stock for Q3. The Q3 dividend is payable on December 13 to stockholders of record as of November 27. The company said "The increased share repurchase authorization underscores the company's confidence in its future cash flow generation." With this increase, the company had approximately $313M of availability remaining under its share repurchase program as of October 30. Year-to-date through October 30, the company has repurchased 1.3M shares, for a total of approximately $142M.
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TXMD | Hot Stocks17:09 EDT TherapeuticsMD, Knight Therapeutics file NDS for Joyesta in Canada - Knight Therapeutics and TherapeuticsMD announced that Knight's New Drug Submission, or NDS, for Joyesta has been accepted for review by Health Canada. Joyesta, licensed from TherapeuticsMD, is an applicator-free estradiol softgel vaginal capsule for the treatment of postmenopausal symptoms of vulvar and vaginal atrophy due to estrogen deficiency. Joyesta is marketed as IMVEXXY by TherapeuticsMD in the U.S., for the treatment of moderate to severe dyspareunia, a symptom of vulvar and vaginal atrophy, due to menopause.
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SAIC | Hot Stocks17:07 EDT SAIC to work with USDA on robotic process automation solution - Science Applications International Corp announced it is working with the U.S. Department of Agriculture, or USDA, Office of the Chief Financial Officer to develop the strategic roadmap and performing full life cycle management of Robotic Process Automation solutions as part of a new five-year contract.
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CFG | Hot Stocks17:06 EDT Citizens Financial cuts prime lending rate to 4.75% from 5% - Citizens Financial announced that Citizens Bank, N.A. has lowered its prime lending rate to 4.75 percent from 5.00 percent, effective Thursday, October 31, 2019.
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CMA | Hot Stocks17:05 EDT Comerica lowers prime lending rate to 4.75% from 5%, effective October 31
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LM | Hot Stocks17:04 EDT Legg Mason reports AAUM $781.8B at September 30 - Compared with $780.2B at June 30. The change resulted from positive market performance and other of $8.7B, partially offset by liquidity outflows of $3.5B, negative foreign exchange of $3.2B, long-term net outflows of $0.2B and realizations of $0.2B.
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AGI | Hot Stocks17:04 EDT Alamos Gold produced 121,900 ounces of gold in Q3
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WFC | Hot Stocks17:00 EDT Wells Fargo cuts prime rate to 4.75% from 5% - Wells Fargo Bank, N.A., said it is decreasing its prime rate to 4.75 percent from 5.00 percent, effective tomorrow, Oct. 31, 2019.
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CHDN | Hot Stocks17:00 EDT Churchill Downs to invest $300M to build hotel, HRM facility at racetrack - Churchill Downs announced plans to invest $300M to build a hotel and historical racing machine, or HRM, facility and permanent stadium seating at Churchill Downs Racetrack, the home of The Kentucky Derby. Pending final approval of a Kentucky Tourism Development Act incentive, construction would begin in December 2019 and is targeted to be completed in November 2021.
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NTRS | Hot Stocks16:59 EDT Northern Trust cuts prime rate to 4.75% from 5% - The Northern Trust Company has decreased its prime rate from 5.00% to 4.75%, effective Thursday, October 31, 2019.
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HBAN | Hot Stocks16:53 EDT Huntington Bancshares lowers prime lending rate to 4.75% from 5% - Huntington Bancshares announced that its prime rate is decreasing from 5% to 4.75%, effective October 31.
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PKI | Hot Stocks16:52 EDT PerkinElmer acquires Meizheng Group, terms not disclosed - PerkinElmer announced the recent acquisition of Meizheng Group, a food safety testing company in China. The addition of Meizheng expands PerkinElmer's food safety capabilities into attractive markets, including pathogen, toxin, and drug residue testing.
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SHEN | Hot Stocks16:50 EDT Shenandoah increases dividend 7.4%, announces share repurchase program - The board of Shenandoah Telecommunications Company declared a cash dividend of 29c per share and authorized a share repurchase program, under which the company may purchase up to an aggregate of $80M of its outstanding common stock. The dividend is an increase of 2c per share or 7.4% over the 2018 dividend. The dividend will be payable December 2 to shareholders of record as of the close of business on November 14. The share repurchase program will become effective November 4, and is expected to be executed over the next twelve months.
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TCF | Hot Stocks16:50 EDT TCF Financial cuts prime rate to 4.75% from 5% - TCF Financial Corporation and its subsidiaries announced today that they are lowering their prime rate to 4.75 percent from 5.00 percent, effective tomorrow, October 31, 2019.
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SIGI | Hot Stocks16:50 EDT Selective Insurance: John Marchioni to succeed Gregory Murphy as CEO - Selective Insurance Group announced that John Marchioni, who has served as the company's President and COOer since 2013, has been unanimously elected by the Selective Board of Directors as its next CEO, effective February 1, 2020. Marchioni will succeed Gregory Murphy, who will retire as CEO after serving in the position since 1999. Murphy, Chairman of the Selective Board since 2000, will assume the newly created role of Executive Chairman of the Selective Board upon his retirement.
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LNC | Hot Stocks16:49 EDT Lincoln National raises quarterly dividend 8% to 40c per share - The board of directors of Lincoln National Corporation approved raising the quarterly dividend on its common shares to $0.40 per share. The dividend represents an 8% increase over the prior-year level. The increased dividend on common stock will be payable on February 1, 2020 to shareholders of record at the close of business on January 10, 2020.
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BBI | Hot Stocks16:48 EDT Brickell Biotech says NovaQuest temporarily suspended R&D funding payments - Brickell Biotech announced that it has initiated an arbitration proceeding pursuant to Article 9 of the License Agreement previously entered into between Bodor Laboratories, Nicholas Bodor and Brickell with the American Arbitration Association, or AAA, in Florida against Bodor and Nicholas Bodor. This arbitration seeks a declaratory judgment that the purported termination of the License Agreement by Bodor and Nicholas Bodor was invalid and unenforceable and asserts (i) a claim for breach of the License Agreement against Bodor and Nicholas Bodor, in his individual capacity, and (ii) a claim against Bodor and Nicholas Bodor for tortious interference with Brickell's business relations. Brickell has requested expedited treatment of the arbitration proceeding and concurrent mandatory mediation under the AAA rules. Brickell concurrently filed with the United States District Court for the Southern District of Florida a motion to dismiss the complaint brought against Brickell by Bodor and Nicholas Bodor on October 24. On October 25, NovaQuest provided written notice to Brickell of its determination that a material adverse event occurred as a result of the matter described above. As a result, NovaQuest exercised its right to suspend further development payments under the Funding Agreement. NovaQuest is obligated to resume development payments if the material adverse event is resolved or cured by Brickell to NovaQuest's reasonable satisfaction by October 25, 2020. If the material adverse event is not resolved or cured to NovaQuest's reasonable satisfaction by such date, then NovaQuest may, in its sole discretion, terminate any future payment obligation under the Funding Agreement and Brickell may be obligated to make certain payments to NovaQuest. Additionally, as a result of the matters described above, the timeline for Brickell's Phase 3 clinical trials in subjects with primary axillary hyperhidrosis in the United States may be impacted. Brickell intends to provide an update on the timeline when there is further clarity.
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CHDN | Hot Stocks16:46 EDT Churchill Downs announces $11M investment at Churchill Downs Racetrack - Churchill Downs announced that it will invest $11M to create a premium upscale experience on the 6th floor next to The Mansion at Churchill Downs Racetrack - the home of The Kentucky Derby. The newly renovated area with views of the racetrack's finish line will replace the existing Millionaires Row on level 6 in time for guests at the 2020 Kentucky Derby. Renovation will begin in December 2019 and will be completed prior to the running of the 146th Kentucky Derby on Saturday, May 2, 2020.
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FLIR VNE | Hot Stocks16:45 EDT Flir Systems selected by Veoneer for thermal sensor-equipped car production - FLIR Systems (FLIR) announced that its Boson(R)-based thermal sensing technology has been selected by Veoneer (VNE) for its level-four autonomous vehicle production contract with a top global automaker, planned for 2021. The Veoneer system will be the first in the industry to include multiple thermal sensing cameras that provide both narrow and wide field-of-view capabilities to enhance the safety of self-driving vehicles.
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KEY | Hot Stocks16:45 EDT KeyCorp lowers prime lending rate to 4.75% from 5%, effective October 31
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TS | Hot Stocks16:44 EDT Tenaris approves interim dividend - The Tenaris board approved the payment of an interim dividend of 13c per share, or 26c per ADS, or approximately $153M. The payment date will be November 20, with an ex-dividend date on November 18 and record date on November 19.
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ASB | Hot Stocks16:44 EDT Associated Banc-Corp lowers prime rate to 4.75% from 5% - Associated Banc-Corp announced it has decreased the bank's prime rate from 5% to 4.75%, effective October 31.
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ACAD | Hot Stocks16:43 EDT Acadia initiates Phase 3 pivotal study of trofinetide - Acadia Pharmaceuticals announced that it has initiated the Phase 3 LAVENDER placebo-controlled study to evaluate the efficacy and safety of trofinetide for girls and young women with Rett syndrome. Rett syndrome is a serious and rare neurodevelopmental congenital CNS disorder with symptoms that typically present between six to 18 months of age, and lead to problems with cognitive, sensory, motor, and autonomic function. The LAVENDER Phase 3 study is a 12-week, double-blind, randomized, placebo-controlled study evaluating the efficacy and safety of trofinetide in approximately 180 girls and young women 5 to 20 years of age with Rett syndrome. Half of study participants will receive trofinetide and half will receive placebo. Co-primary efficacy endpoints of the study will measure symptom improvement using the Rett Syndrome Behavior Questionnaire (RSBQ), a caregiver assessment, and the Clinical Global Impression Scale-Improvement (CGI-I), a clinician assessment.
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CLR | Hot Stocks16:42 EDT Continental Resources sees FY19 average oil production 195,000-200,000 Bopd - Sees FY19 average natural gas production 820,000-840,000 Mcfpd.
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CLR | Hot Stocks16:41 EDT Continental Resources sees FY19 CapEx $2.6B
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CHDN | Hot Stocks16:40 EDT Churchill Downs joint venture announces $100M expansion - Churchill Downs (CHDN) announced that Miami Valley Gaming & Racing, its joint venture racino with Delaware North Gaming & Entertainment, plans to build a hotel, parking garage and expanded gaming floor and add up to 250 additional video lottery terminals. The $100M expansion is scheduled to be completed by Q2 of 2021 and will be financed with debt at the joint venture. The proposed project will include 192 rooms and suites, a new full-service restaurant, coffee bar and 1,000-car parking garage, which will allow MVG to expand the geographical market reach of the property. The expansion will add over 10,000 square feet of gaming floor space and increase the number of VLTs in operation to approximately 2,200.
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CRUS | Hot Stocks16:40 EDT Cirrus Logic trading halted, news pending
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TNDM | Hot Stocks16:38 EDT Tandem Diabetes presents 'positive' data from pediatric users of t:slim X2 - Tandem Diabetes announced presentation of real-world data from pediatric users of the t:slim X2 insulin pump with Basal-IQ(R) predictive low-glucose suspend technology at the 45th annual conference of the International Society for Pediatric and Adolescent Diabetes. Data from 2,696 users under the age of 18 years old showed an overall rate of hypoglycemia of only 0.9% when using Basal-IQ technology. A subgroup of users with at least 21 days of sensor-augmented pump data prior to use of Basal-IQ technology demonstrated a 31% reduction in hypoglycemia following introduction of the feature.
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SIGI | Hot Stocks16:37 EDT Selective Insurance raises quarterly dividend 15% to 23c per share - Payable December 2 to stockholders of record as of November 15.
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AAPL | Hot Stocks16:36 EDT Apple shares jump 2% to $248.99 following fiscal Q4 results
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AAPL | Hot Stocks16:35 EDT Apple CFO says on path to reaching net cash neutral position over time - Apple CFO Luca Maestri said, "Our strong business performance drove record Q4 EPS of $3.03 and record Q4 operating cash flow of $19.9 billion. We also returned over $21 billion to shareholders, including almost $18 billion in share repurchases and $3.5 billion in dividends and equivalents, as we continue on our path to reaching a net cash neutral position over time."
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TTMI | Hot Stocks16:35 EDT TTM Technologies trading resumes
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AAPL | Hot Stocks16:34 EDT Apple CEO highlights 'accelerating growth' from Services - Apple CEO Tim Cook said, "We concluded a groundbreaking fiscal 2019 with our highest Q4 revenue ever, fueled by accelerating growth from Services, Wearables and iPad. With customers and reviewers raving about the new generation of iPhones, today's debut of new, noise-cancelling AirPods Pro, the hotly-anticipated arrival of Apple TV+ just two days away, and our best lineup of products and services ever, we're very optimistic about what the holiday quarter has in store."
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AMAL | Hot Stocks16:34 EDT Amalgamated Bank increases quarterly dividend 33% - Amalgamated Bank announced that its board has declared a regular dividend to common shareholders of 8c per share, a 33% increase from the previous quarterly dividend of 6c per share. The dividend is payable on November 29 to shareholders of record on November 15.
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AAPL | Hot Stocks16:34 EDT Apple reports Q4 iPhone revenue $33.36B vs. $36.76B last year - Reports Q4 Mac revenue $6.99B vs. $7.34B last year. Reports Q4 iPad revenue $4.66B vs. $3.98B last year. Reports Wearables, Home and Accessories revenue $6.52B vs. $4.22B last year.
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LYFT | Hot Stocks16:33 EDT Lyft down 1.4% after reporting Q3 earnings, updating FY19 guidance
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AKS | Hot Stocks16:32 EDT AK Steel down 8.2% after reporting Q3 earnings, updating FY19 guidance
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AAPL | Hot Stocks16:31 EDT Apple declares quarterly dividend of 77c per share - Apple's board of directors has declared a cash dividend of 77c per share of the company's common stock. The dividend is payable on November 14, to shareholders of record as of the close of business on November 11.
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WPX | Hot Stocks16:29 EDT WPX Energy sees Q4 oil volumes stronger than originally detailed - WPX is forecasting stronger Q4 oil volumes than originally detailed in its quarter-to-quarter guide for 2019. It said, "This momentum also is driving the anticipated 2019 exit rate higher with no additional capital allocation. WPX originally forecast 5-10 percent growth vs. the 2018 exit rate. WPX now expects this year's exit rate to grow 15 percent vs. a year ago. WPX expects fourth-quarter oil volumes of 109-111 Mbbl/d. This also raises WPX's outlook for full-year 2019 oil volumes to 102-104 Mbbl/d, up from its most recent estimate of 101-103 Mbbl/d. WPX now expects full-year total production of 162-167 Mboe/d in 2019, up from its most recent estimate of 160-165 Mboe/d. With one quarter remaining in the year, WPX's tightened the range for its 2019 total capital development plan to $1,125-$1,250 million. The midpoint remains unchanged from the previous estimate of $1,100-$1,275 million. Total capital spending in the third quarter was $264 million, predominantly from $233 million in D&C activity for operated wells and $22 million for midstream infrastructure."
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ALEX | Hot Stocks16:28 EDT Alexander & Baldwin sees FY19 same-store cash NOI up 4.5%-5.5% - Sees 2019 comparable leasing apreads within a range of 5.5%-6.5%, maintenance Cap. Ex. expected to be $11M, growth cap. ex. projected at $30M, total Acquisitions in 2019 of $220M.
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XSPA | Hot Stocks16:25 EDT XpresSpa announces strategic partnership with Persona - XpresSpa Group announced that the company has signed a strategic partnership with Persona, a Nestle Health Science company, and personalized vitamin subscription program. XpresSpa will offer Persona's products in all of its domestic airport locations with staff trained on the products by Persona's nutritionists. Customers will be able to purchase three different nutrition packs designed especially for travelers to support relaxation, immunity or jet lag, with customers receiving an exclusive discount on their first order. XpresSpa expects to launch Persona in its airport locations by the end of 2019.
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MCFT | Hot Stocks16:24 EDT MasterCraft Boat Holdings appoints Frederick Brightbill interim CEO - MasterCraft Boat Holdings announced that its board has appointed current board chair, Frederick Brightbill, as interim CEO, effective immediately. Brightbill's appointment follows Terry McNew's decision to step down as president, CEO and a director of the company to pursue an opportunity outside of the boating industry. Brightbill is expected to serve until the company completes a search and appoints a new CEO.
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ETSY | Hot Stocks16:24 EDT Etsy reports Q3 GMS $1.2B, up 30.1% y/y
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FB | Hot Stocks16:23 EDT Facebook up 3% in after-hours trading following earnings beat - At time of writing, Facebook shares are up $5.11, or 2.7%, to $193.36.
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WDC | Hot Stocks16:23 EDT Western Digital CEO says Q1 saw 'solid demand' - "Fiscal year 2020 is off to a good start. The continued success of our capacity enterprise drives for the data center was the primary driver of the upside we experienced in the fiscal first quarter," said Steve Milligan, chief executive officer, Western Digital. "The overall demand environment remains solid. We continue to believe the flash industry has passed a cyclical trough, with improving trends across our flash product portfolio. With a broad and growing product portfolio, Western Digital remains well positioned to benefit from the long-term drivers of the growth and value of data."
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ETSY | Hot Stocks16:22 EDT Etsy narrows FY19 adjusted EBITDA margin to 22%-23% from 22%-24% - The company said, "We expect Reverb will contribute approximately 5-6% to GMS growth and 2-3% to revenue growth, and will contract Adjusted EBITDA margins as we align Reverb with Etsy's benefit programs and capitalization guidelines for internal development."
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ETSY | Hot Stocks16:21 EDT Etsy raises FY19 GMS view to ~$4.9B-$5B from ~$4.7B-$4.8B
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WDC | Hot Stocks16:21 EDT Western Digital CEO Steve Milligan to retire - Western Digital announced that Steve Milligan, CEO and a member of the Western Digital Board of Directors since January 2013, has informed the Board that he intends to retire as the Company's CEO. Milligan will continue to serve as CEO until the Board has identified and appointed a successor, and then will remain with the Company in an advisory role until September 2020 to ensure a smooth transition. He will also remain a director on the Company's Board for a transition period after his successor is appointed. The Board has initiated a search to identify Western Digital's next CEO, and has engaged Heidrick & Struggles, a leading executive search firm, to assist in the process. In order to facilitate a comprehensive process, the Board will evaluate both internal and external candidates.
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FITB | Hot Stocks16:20 EDT Fifth Third decreases prime lending rate to 4.75% - Fifth Third Bank announced it will decrease its prime lending rate to 4.75%, effective immediately.
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MGM | Hot Stocks16:18 EDT MGM Resorts CFO says focused on achieving 2020 targets - "We remain focused on achieving our 2020 targets of $3.6B-$3.9B in consolidated Adjusted EBITDA and significant growth in free cash flow per share," said Corey Sanders, CFO and Treasurer of MGM Resorts. "The key drivers remain the benefits of our MGM 2020 plan, which is currently tracking ahead of expectations; healthy market conditions in Las Vegas and regional markets; and the ongoing ramp up of newly opened properties, especially MGM Cotai. We are also targeting consolidated net financial leverage of 3-4x and approximately 1x net domestic financial leverage - excluding MGP - by the end of 2020."
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TRMB | Hot Stocks16:13 EDT Trimble: Robert Painter to succeed Steven Berglund as CEO - Trimble announced that its Board of Directors has unanimously elected Robert Painter to succeed Steven Berglund as president and CEO of Trimble effective January 4, 2020, the first day of Trimble's 2020 fiscal year. Painter will also join the Trimble Board of Directors on January 4, 2020. Berglund, who has served as president and CEO since 1999, will transition to executive chairman of Trimble's Board of Directors effective January 4, 2020. Painter joined Trimble in 2006 and initially served in corporate development and general management roles in construction telematics and a joint venture initiative. Prior to Trimble, Painter was in strategy, operational and consulting roles.
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TWTR | Hot Stocks16:11 EDT Twitter to stop all political advertising globally, CEO says - Twitter CEO Jack Dorsey tweeted: "We've made the decision to stop all political advertising on Twitter globally. We believe political message reach should be earned, not bought. Why? A few reasons... A political message earns reach when people decide to follow an account or retweet. Paying for reach removes that decision, forcing highly optimized and targeted political messages on people. We believe this decision should not be compromised by money... While internet advertising is incredibly powerful and very effective for commercial advertisers, that power brings significant risks to politics, where it can be used to influence votes to affect the lives of millions... Internet political ads present entirely new challenges to civic discourse: machine learning-based optimization of messaging and micro-targeting, unchecked misleading information, and deep fakes. All at increasing velocity, sophistication, and overwhelming scale." Reference Link
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SBUX | Hot Stocks16:11 EDT Starbucks shares jump 2% to $85.75 after Q4 results
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ETTX | Hot Stocks16:11 EDT Entasis Therapeutics appoints David Altarac as Chief Medical Officer - Entasis Therapeutics Holdings announced the appointment of David Altarac, M.D. as Chief Medical Officer, effective November 4. In conjunction, Robin Isaacs, M.D., who has served as the company's Chief Medical Officer since July 2015, announced his plans to retire at the end of 2019. Dr. Isaacs will continue as an advisor to the company as the Phase 3 programs move toward regulatory review.
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SBUX | Hot Stocks16:11 EDT Starbucks reaffirms long-term operating growth model
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SBUX | Hot Stocks16:10 EDT Starbucks reports active U.S. rewards members up 15% to 17.6M
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SBUX | Hot Stocks16:10 EDT Starbucks boosts quarterly dividend by 14% 41c - Starbucks said its board declared a cash dividend of 41c per share, an increase of 14%, payable on November 29, to shareholders of record as of November 13.
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FB | Hot Stocks16:09 EDT Facebook estimates around 2.2B people use family of services daily - Facebook estimates that around 2.2B people now use Facebook, Instagram, WhatsApp, or Messenger every day on average, and around 2.8B people use at least one of our Family of services each month.
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SBUX | Hot Stocks16:09 EDT Starbucks CEO sees 'meaningful progress' against strategic priorities - Starbucks CEO Kevin Johnson said, "I'm very pleased with our strong finish to fiscal 2019, as we sustained positive momentum across each of our business segments. Our U.S. business delivered 6% comparable store sales growth in the fourth quarter, while China grew comparable store sales by 5% and total transactions by 13%. Our strong performance throughout fiscal 2019 gives us confidence in a robust operating outlook for fiscal 2020. We are making meaningful progress against our strategic priorities while streamlining the company, bringing more focus and discipline to everything we do. The investments we are making for the long term---in our partners, our stores, beverage innovation and digital---are collectively delivering an elevated Starbucks Experience, as evidenced by all-time-high customer connection scores in the fourth quarter. This long-term focus is instrumental to how we are building an enduring company."
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SFM | Hot Stocks16:08 EDT Sprouts Farmers Market sees Q4 comparable store sales growth 0%-1%
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FB | Hot Stocks16:07 EDT Facebook reports DAUs up 9% to 1.62B, MAUs up 8% to 2.45B - Facebook reports daily active users, of DAUs, were 1.62B on average for September 2019, an increase of 9% year-over-year. Monthly active users, or MAUs, were 2.45B as of September 30, 2019, an increase of 8% year-over-year. Mobile advertising revenue represented approximately 94% of advertising revenue for the third quarter of 2019, up from approximately 92% of advertising revenue in the third quarter of 2018. Capital expenditures, including principal payments on finance leases, were $3.68B for the third quarter of 2019. Cash and cash equivalents and marketable securities were $52.27 billion as of September 30, 2019. Headcount was 43,030 as of September 30, 2019, an increase of 28% year-over-year.
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SFM | Hot Stocks16:06 EDT Sprouts Farmers Market reports Q3 comparable store sales growth of 1.5%
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ADVM | Hot Stocks16:03 EDT Adverum Biotechnologies appoints Peter Soparkar as Chief Legal Officer - Adverum Biotechnologies announced the appointment of Peter Soparkar as Chief Legal Officer. Most recently, Soparkar served as Chief Legal Officer at Counsyl, Inc., prior to the company's sale to Myriad Genetics and spent ten years at Jazz Pharmaceuticals, most recently as their VP and associate general counsel.
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TTMI | Hot Stocks16:00 EDT TTM Technologies trading halted, news pending
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AROW | Hot Stocks15:46 EDT Arrow Financial announces new $5M stock repurchase program - The board of Arrow Financial approved a new stock repurchase program authorizing the repurchase, at the discretion of senior management, of up to $5M of the company's common stock for the 2020 calendar year, in open market or negotiated transactions. This new repurchase program will replace the prior $5M repurchase program authorized on January 30, which expires December 31. Through September 30, the company had repurchased approximately $1.24M of company common stock under the 2019 program.
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MTB | Hot Stocks15:30 EDT M&T Bank cuts prime lending rate to 4.75% from 5% - Effective Thursday, October 31, 2019, M&T Bank will decrease its prime lending rate from 5.00% to 4.75%.
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RF | Hot Stocks15:00 EDT Regions Financial cuts prime lending rate to 4.75% from 5% - Regions Bank announced it is reducing the Regions prime lending rate to 4.75% from 5.00%, effective Thursday, Oct. 31.
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NSA | Hot Stocks14:40 EDT National Storage trading resumes
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BBT | Hot Stocks14:33 EDT BB&T decreases prime lending rate to 4.75% from 5.0% - BB&T Corporation announced it is decreasing its prime lending rate to 4.75% from 5.00%, effective immediately.
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GM... | Hot Stocks14:19 EDT Trump thanks GM, FCA, Toyota over CA emissions dispute - U.S. President Donald Trump on Twitter thanked General Motors (GM), Fiat Chrysler (FCAU), Toyota (TM), and Global Automakers for standing with the U.S. government for "Better, Cheaper, Safer Cars for Americans. California has treated the Auto Industry very poorly for many years, harming Workers and Consumers. We are fixing this problem!" Reference Link
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WMT | Hot Stocks14:15 EDT Walmart says adult beverages now available for grocery pickup in 2,000 stores - Walmart announced what it called "a Grocery Pickup milestone" that customers in 2,000 locations in 29 states, including California, Texas and Florida, can use the service for their adult beverage purchases. The retailer said it will also be making deliveries of adult beverages from nearly 200 stores across two states - California and Florida - with more being added in accordance with local and state regulations.
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ICUI | Hot Stocks14:09 EDT ICU Medical issues recall of single lots of Lactated Ringer's, Sodium Chloride - ICU Medical (ICUI) is voluntarily recalling one single lot of Lactated Ringer's Injection, USP, and one single lot of 0.9% Sodium Chloride Injection, USP. The products are being recalled to the hospital level due to the presence of particulate matter. The affected product lots were manufactured in the U.S. for ICU Medical by Hospira, a Pfizer (PFE) company, in late 2017 and early 2018, ICU stated. ICU Medical is notifying its distributors and customers of this recall by letter and is arranging for the return of all recalled products. Hospitals/distributors that have product that is being recalled should stop use/further distribution and return to place of purchase.
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MDT | Hot Stocks14:02 EDT Medtronic announces U.S. launch of Activa Patient Programmer for DBS therapy - Medtronic announced the U.S. launch of its advanced Patient Programmer technology for Deep Brain Stimulation, or DBS, therapy at the Samsung Developers Conference. The new programmer - which received U.S. Food and Drug Administration approval on July 3, 2019 - leverages a "user-friendly, custom-configured Samsung mobile device which allows patients to manage their therapy more simply and discreetly," the company stated. The Patient Programmer leverages Samsung Knox security technology to help protect the device and patient, Medtronic added.
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NSA | Hot Stocks13:49 EDT National Storage trading halted, news pending
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PPG | Hot Stocks13:35 EDT PPG reports investment in Cleveland automotive adhesives and sealants plant - PPG announced an investment in a 2,100-square-foot automotive adhesives and sealants laboratory on the company's existing 42-acre manufacturing and research complex in Cleveland, Ohio. The facility, which was recently completed, will focus on developing and testing structural adhesives, sealants and related products for passenger cars, light trucks, SUVs and commercial vehicles. PPG scientists will also use the new lab to continue their development of next-generation coatings for lithium-ion battery cells, modules and packs used in battery-electric and autonomous vehicles. "There is a tremendous amount of science in every paint layer on a modern passenger vehicle or commercial truck," said Gary Bennett, PPG general manager, adhesives and sealants, automotive OEM coatings. "With this impressive new facility, PPG continues to invest in advanced research and manufacturing capabilities that benefit vehicle manufacturers, battery and component suppliers and, above all, consumers."
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PCG | Hot Stocks13:34 EDT PG&E says issued weather 'all clear' for most areas impacted by PSPS - Pacific Gas and Electric Company confirmed that it issued a weather "all clear" for nearly all of the areas impacted by the Oct. 29 Public Safety Power Shutoff, which means winds had subsided to safe levels to allow crews to begin safety inspections of de-energized equipment, repair any wind damage, and restore power. Kern County is expected to be "all clear" for inspections on Thursday morning, given continued significant wind activity in the southern part of PG&E's service area. In addition, inspection and restoration work continues this morning for customers impacted by the larger Oct. 26 PSPS. The PSPS event that began Oct. 26 impacted 973,000 customers in portions of 38 counties. The more recent PSPS event on Oct. 29 impacted 516,000 customers in portions of 22 counties -- includes approximately 400,000 customers from the Oct. 26 PSPS event. From the two most recent PSPS events, approximately 365,000 customers remain out of power while 723,000 customers have been restored as of 10:00 a.m. "We very much appreciate our customers' patience as we work to restore electric service safely and as quickly as possible. We recognize the disruption and hardship these shutoffs cause, especially when they happen in quick succession due to the current weather pattern. However, we only execute Public Safety Power Shutoffs in the interest of preventing catastrophic wildfires and protecting public safety, given the severe winds and bone-dry conditions in more and more of our communities," said Michael Lewis, Senior Vice President for Electric Operations, PG&E.
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MKSI | Hot Stocks13:33 EDT MKS Instruments CFO Seth Bagshaw sells $2.02M of shares - MKS Instruments CFO Seth Bagshaw disclosed the sale of 18,000 shares at a price of $112.08, or $2.02M. Bagshaw now directly owns 18,857 shares of MKS Instruments.
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PCG | Hot Stocks13:33 EDT PG&E says issued weather 'all clearly' for most areas impacted by PSPS - Pacific Gas and Electric Company confirmed that it issued a weather "all clear" for nearly all of the areas impacted by the Oct. 29 Public Safety Power Shutoff, which means winds had subsided to safe levels to allow crews to begin safety inspections of de-energized equipment, repair any wind damage, and restore power. Kern County is expected to be "all clear" for inspections on Thursday morning, given continued significant wind activity in the southern part of PG&E's service area. In addition, inspection and restoration work continues this morning for customers impacted by the larger Oct. 26 PSPS. The PSPS event that began Oct. 26 impacted 973,000 customers in portions of 38 counties. The more recent PSPS event on Oct. 29 impacted 516,000 customers in portions of 22 counties -- includes approximately 400,000 customers from the Oct. 26 PSPS event. From the two most recent PSPS events, approximately 365,000 customers remain out of power while 723,000 customers have been restored as of 10:00 a.m. "We very much appreciate our customers' patience as we work to restore electric service safely and as quickly as possible. We recognize the disruption and hardship these shutoffs cause, especially when they happen in quick succession due to the current weather pattern. However, we only execute Public Safety Power Shutoffs in the interest of preventing catastrophic wildfires and protecting public safety, given the severe winds and bone-dry conditions in more and more of our communities," said Michael Lewis, Senior Vice President for Electric Operations, PG&E.
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TEL | Hot Stocks13:12 EDT TE Connectivity drops after providing downbeat Q1, FY20 guidance - Shares of TE Connectivity (TEL) fell after the company reported better-than-expected results for its fiscal fourth quarter but provided downbeat guidance for the first quarter and fiscal 2020. EARNINGS: Before the market open on Wednesday, TE Connectivity reported Q4 adjusted earnings per share of $1.33 on revenue of $3.3B, compared to analysts' estimates for $1.31 and $3.27B, respectively. "Our results through the fourth quarter of fiscal 2019 reflect the ability of our teams to execute in what continues to be a challenging market environment. I'm pleased that we quickly responded to market weakness and demonstrated earnings resiliency despite a decline in revenue. Our Industrial segment continued to show top-line organic growth and margin expansion, led by strength in our aerospace, defense and medical businesses, while our Transportation segment outperformed auto production declines through product content gains and our strong global position," commented TE Connectivity CEO Terrence Curtin. GUIDANCE: Meanwhile, the company said it expects Q1 adjusted EPS in the range of $1.10-$1.16 on revenue of $3B-$3.2B, both lower than consensus estimates for $1.31 and $3.25B, respectively. For the full fiscal year, TE Connectivity sees adjusted EPS of $4.85-$5.25 on revenue of $12.7B-13.3B. Analysts expect the company to report FY20 EPS of $5.72 on revenue of $13.59B. Of note, CEO Curtin said he continues to see a "challenging and uncertain global market environment in fiscal 2020," though he remains "confident" in the company's ability to adjusted to changing dynamics. ANALYST OPINION: Following the report, Morgan Stanley analyst Craig Hettenbach maintained an Equal Weight rating and $95 price target on TE Connectivity, saying the company provided "weak" guidance after a "modest beat" in Q4 results. The analyst noted that the company guided for auto production to decline in the mid single digits year-over-year and commercial transportation to drop high single digits in fiscal 2020. PRICE ACTION: In afternoon trading, TE Connectivity shares are roughly 5.2% lower, trading at $89.64.
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ROK | Hot Stocks13:07 EDT Rockwell Automation increases quarterly dividend 5% - The board of Rockwell Automation, following its regular quarterly review, declared a quarterly dividend of $1.02 per share on its outstanding common stock, payable December 10 to shareowners of record at the close of business on November 12. "The 5% increase reflects our confidence in Rockwell Automation's ability to generate cash throughout the cycle and our commitment to returning cash to shareowners while investing in our business," said Rockwell Automation CEO Blake Moret.
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FSTR | Hot Stocks13:01 EDT L.B. Foster to relocate Northwest plant operations to Idaho - L.B. Foster Company and its wholly owned subsidiary CXT Incorporated, announced plans to relocate its Spokane, Washington precast building manufacturing facility to Nampa, Idaho. The Spokane facility plans to cease operations at the end of December 2019. Robert P. Bauer, L.B. Foster Company President & CEO commented, "This move will help strategically position us to optimally serve our Western U.S. marketplace, and provide us access to new customers." When fully commissioned in early January 2020, the Nampa, Idaho facility will employ approximately 80 people.
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GM | Hot Stocks12:28 EDT General Motors says President Mark Reuss takes on additional leadership role - General Motors announced a series of executive appointments, effective Nov. 1, 2019. Mark Reuss, who was named company president in January 2019, expands his role and will oversee the company's regions: North America, South America, China and International. He continues to report to Chairman and CEO Mary Barra. Doug Parks, vice president of Autonomous and Electric Vehicle Programs, is promoted to the role of executive vice president, Global Product Development, Purchasing and Supply Chain. He will report to Reuss and join the company's Senior Leadership Team. Steve Kiefer, senior vice president, Global Purchasing and Supply Chain, is named senior vice president and president, GM South America and International Operations, reporting to Reuss. Carlos Zarlenga, president and managing director, GM South America, and Julian Blissett, senior vice president, International Operations, will report to Kiefer. "Our industry is transforming faster than at any time in its history," said Barra. "Aligning our regional operations under Mark will drive even greater collaboration and speed-to-market, and accelerate growth opportunities in our core business and in the future of mobility."
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RKDA | Hot Stocks12:21 EDT Arcadia says USDA rule will allow accelerated mainland hemp cultivation - Arcadia Biosciences said in a statement on its website: "Yesterday the United States Department of Agriculture's Agricultural Marketing Service issued their Interim Final Rule for hemp production, including provisions to approve hemp production plans from states and Indian tribes and to establish a federal plan for hemp producers in areas that have allowed hemp production but do not have their own approved hemp production plan. This long awaited guidance further codifies the contents of the 2018 Farm Bill and is the next step forward for legal hemp cultivation in the United States. While we've been fortunate in Hawaii to begin hemp cultivation immediately under a 2014 Farm Bill pilot program, the majority of would-be hemp producers have been in a holding pattern awaiting the USDA's ruling. This legislation opens the door for more farmers in more states to grow legal hemp, and will allow us to extend and accelerate our hemp research and cultivation on the mainland...As an agricultural technology company accustomed to working within USDA and the U.S. Food and Drug Administration regulated sectors, we welcome these rules, which enable us to move forward in line with our plans for both cannabidiol production and hemp germplasm improvement. We look forward to further guidance from the FDA on the use of hemp extracts as ingredients." Reference Link
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VIAB... | Hot Stocks12:11 EDT Viacom, CBS announce ViacomCBS leadership for lines of revenue - CBS (CBS) and Viacom (VIAB) announced senior leadership appointments across ViacomCBS' revenue lines. The appointments, effective upon closing of the deal to combine CBS and Viacom, will enable ViacomCBS to drive strong, multifaceted opportunities with distributors, advertisers and other partners. Jo Ann Ross, President and Chief Advertising Revenue Officer, CBS, will serve as President and Chief Advertising Revenue Officer, ViacomCBS Domestic Advertising Sales. Ross will direct all of ViacomCBS' multiplatform media sales efforts. John Halley, Executive Vice President and COO, Ad Solutions, Viacom, will serve as Chief Operating Officer, Advertising Revenue, and Executive Vice President, Advanced Marketing Solutions, reporting to Ross. Ray Hopkins, President of Television Networks Distribution, CBS, will serve as President, U.S. Network Distribution, ViacomCBS, overseeing the combined company's broadcast network affiliation distribution agreements, as well as domestic distribution of the company's owned and operated television stations, channels and networks across all platforms. Armando Nunez, President and CEO, CBS Global Distribution Group, and Chief Content Licensing Officer, CBS, will serve as Chairman, Global Distribution and Chief Content Licensing Officer, ViacomCBS, overseeing all content licensing, including worldwide distribution and domestic syndication, for ViacomCBS-owned programming to third-party platforms. Dan Cohen, President of Worldwide Home Entertainment & Television Distribution, Paramount, will serve as President, Global Content Licensing, ViacomCBS, reporting to Nunez. Pam Kaufman, President, Viacom/Nickelodeon Global Consumer Products, will serve as President, Global Consumer Products, ViacomCBS. David Lynn, President and CEO of Viacom International Media Networks, will oversee the combined company's international media networks, including Network 10 in Australia. The merger remains subject to customary closing conditions and is expected to close by early December.
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FB | Hot Stocks12:09 EDT Facebook removing more coordinated inauthentic behavior from Russia - Facebook's Head of Cybersecurity Policy, Nathaniel Gleicher, said in an earlier statement: "Today, we removed three networks of accounts, Pages and Groups for engaging in foreign interference - which is coordinated inauthentic behavior on behalf of a foreign actor on Facebook and Instagram. They originated in Russia and targeted Madagascar, Central African Republic, Mozambique, Democratic Republic of the Congo, Cote d'Ivoire, Cameroon, Sudan and Libya. Each of these operations created networks of accounts to mislead others about who they were and what they were doing. Although the people behind these networks attempted to conceal their identities and coordination, our investigation connected these campaigns to entities associated with Russian financier Yevgeniy Prigozhin, who was previously indicted by the US Justice Department. We have shared information about our findings with law enforcement, policymakers and industry partners." Reference Link
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AAPL | Hot Stocks12:03 EDT Apple launches water resistant noise-cancelling earbuds - Apple said in an earlier statement: "AirPods Pro went on sale on Wednesday, October 30, around the world. AirPods Pro join the AirPods family and feature Active Noise Cancellation, Transparency mode, sweat and water resistance, and superior, immersive sound, in an all-new lightweight, in-ear design." Reference Link
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OIIM | Hot Stocks12:01 EDT O2Micro announces strategic agreement with Feit Electric - O2Micro International announced that O2Micro has entered into a strategic agreement with Feit Electric Company, a supplier of lighting products. This agreement enables Feit Electric to fully utilize O2Micro's patented Free Dimming technology in its general lighting products.
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MEC | Hot Stocks12:01 EDT Mayville Engineering falls -22.9% - Mayville Engineering is down -22.9%, or -$2.69 to $9.07.
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TUP | Hot Stocks12:01 EDT Tupperware Brands falls -31.7% - Tupperware Brands is down -31.7%, or -$4.92 to $10.62.
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QUAD | Hot Stocks12:01 EDT Quad/Graphics falls -51.9% - Quad/Graphics is down -51.9%, or -$5.84 to $5.42.
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AXE | Hot Stocks12:01 EDT Anixter rises 14.9% - Anixter is up 14.9%, or $10.61 to $82.01.
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IPHI | Hot Stocks12:00 EDT Inphi rises 17.4% - Inphi is up 17.4%, or $10.33 to $69.77.
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UIS | Hot Stocks12:00 EDT Unisys rises 17.6% - Unisys is up 17.6%, or $1.49 to $9.98.
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MSFT | Hot Stocks11:56 EDT Microsoft confirms Xbox Console Streaming program - Microsoft is allowing Xbox One beta testers to stream games from their console to an Android phone or tablet. Jonathan Hildebrandt, Principal Program Manager at Microsoft noted in a blog post yesterday: "Test out our newest Xbox One console feature...oday, we at Team Xbox are excited to talk about Xbox Console Streaming, our new system feature that lets you play your Xbox One games from your console on a mobile device. If you're an Xbox Insider in the Alpha and Alpha Skip-Ahead rings in the US and UK, you can now try a preview of Xbox Console Streaming. You'll be able to play your owned and installed Xbox One games, including Xbox Game Pass titles, on an Android phone or tablet remotely from your home console. Our vision at Xbox is to empower you to play Xbox games where you want, when you want. Whether you've got just a few minutes to complete a race in Forza, or find yourself with an hour to get some online multiplayer in before the next train arrives, console streaming allows you to play your games on the go." Reference Link
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TAP | Hot Stocks11:45 EDT Molson Coors says has 'green shoots popping up all over the place'
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SAM TAP | Hot Stocks11:40 EDT Molson Coors says plans to launch hard seltzer early next year - Comments taken from Q3 earnings conference call. The Fly notes that Boston Beer is also planning to launch Truly hard seltzer.
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LULU | Hot Stocks11:10 EDT Lululemon participates in $34M financing round for MIRROR - MIRROR announced it has secured $34M in Series B-1 financing led by Point72 Ventures. Other participants in the round include lululemon; supermodel Karlie Kloss; Kevin Huvane, founder of Creative Artists Agency; Steve Lockshin, angel investor; media investors, LionTree LLC; as well as return investors, Spark Capital, and Lerer Hippeau. This brings MIRROR's funding to date to $72M. Along with this investment, Point72 chairman and chief executive officer Steven Cohen will join MIRROR's board of directors. MIRROR is creating a new category of in-home fitness with hardware, software, and content to provide an immersive, and personalized workout experience.
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GDOT WMT | Hot Stocks10:34 EDT Green Dot to issue Walmart 975,000 restricted shares as part of agreements - As reported last night, Walmart (WMT) and Green Dot (GDOT) announced that the companies have entered into two new and distinct agreements. First, Walmart and Green Dot have entered into an agreement whereby Green Dot will continue to serve as the issuing bank and program manager for the Walmart MoneyCard program for an additional period of seven years. Additionally, Walmart and Green Dot have agreed to jointly establish a new fintech accelerator under the name "TailFin Labs." In a regulatory filing related to the agreements, Green Dot disclosed that "in recognition of the many different lines of business in which Walmart and Green Dot are engaged, inclusive of the new agreements announced today, the company agreed to issue to Walmart, in a private placement, 975,000 restricted shares of the company's Class A Common Stock to serve as an incentive for the parties to work together to achieve growth across all of their current and future mutual lines of business. The issuance will occur on January 2, 2020, and the Walmart Shares will vest in equal monthly increments between January 2, 2020 and December 1, 2022. Walmart will be entitled to vote and receive dividends paid on the Walmart Shares from the issuance date. Walmart has agreed to vote the Walmart Shares in the manner recommended by the company's board of directors to the company's stockholders generally."
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BYD... | Hot Stocks10:25 EDT Nevada reports September statewide gaming win up 6.83% to $1.06B - Nevada report September Las Vegas Strip gaming win up 7.00% versus last year to $584.25M. Publicly traded companies in the casino space include Boyd Gaming (BYD), Caesars (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
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MGA | Hot Stocks10:17 EDT Magna awarded DOE grant to develop, 'auto-qualify' electric motor technologies - Magna has been awarded a grant by the U.S. Department of Energy to develop and 'auto-qualify' advanced electric motor technologies for next-generation vehicle propulsion systems. In partnership with the Illinois Institute of Technology and University of Wisconsin-Madison, Magna is applying its powertrain, electronics and full-vehicle expertise to deliver an automotive-grade, high-performance electric motor that aims to achieve increased power density and reduced cost compared to current e-motors. The project objective is to develop an electric motor that is half the cost and eight times the power density, while delivering 125 kW of peak power - similar to packing a gallon of milk into a pint-size container. The reduction in cost is the result of eliminating the use of rare-earth permanent magnets, which make up a significant portion of electric-motor cost.The project will integrate the exclusive electric motor technologies with a transmission and inverter as part of an overall e-drive system. The project scope includes development and use of innovative materials, cooling technologies, winding technologies, simulation models, as well as control and optimization techniques. Designing for automotive standards and low-cost manufacturing using Magna's comprehensive design framework is another key element of the project. The electric motor technologies will be presented to U.S. DOE for evaluation in 2021.
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DPZ | Hot Stocks10:17 EDT Domino's Pizza subsidiaries to issue new series of securitized debt - Domino's Pizza earlier today announced that certain of its subsidiaries intend to complete a recapitalization transaction, which will include the issuance of a new series of securitized debt under their existing securitized financing facility. The company also expects these subsidiaries to enter into a new variable funding note facility. The company's subsidiaries intend to issue $600M of new securitized notes and to use the proceeds to pay transaction fees and for general corporate purposes, including distributions to holders of the company's common stock, other equivalent payments and/or stock repurchases. The company expects that these subsidiaries also will enter into a new $200M variable funding note facility, which will replace the existing $175M variable funding note facility. As of September 8, there was approximately $48.1M of outstanding letters of credit and no outstanding borrowings under the existing variable note funding facility, Domino's noted. The consummation of the note offering is subject to market and other conditions and is anticipated to close in Q4. Shares of Domino's Pizza are up $1.76 to $264.39 in early trading.
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BAESY | Hot Stocks10:16 EDT BAE Systems awarded $120M contract from U.S. Marine Corps - BAE Systems has received a $120M contract from the U.S. Marine Corps for additional Amphibious Combat Vehicles under a third order for Low Rate Initial Production. This latest contract is for the ACV personnel carrier variant, an eight-wheeled amphibious assault vehicle capable of transporting Marines from open-ocean ship to shore and conducting land operations. Each vehicle embarks 13 Marines in addition to a crew of three. Current low-rate production is focused on the ACV-P variant. More variants will be added under full rate production to include the command and control, 30mm medium caliber turret and recovery variants under the ACV Family of Vehicles program. BAE Systems previously received the Lot 1 and Lot 2 awards.
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MGA BAMXY | Hot Stocks10:05 EDT Magna awarded company's largest ever transmission technologies contract from BMW - BMW Group (BAMXY) has awarded Magna (MGA) what the company identified as "its largest production order for transmission technologies in company history." The multi-year contract includes all front-wheel drive dual-clutch transmissions, including hybrid transmission variants. The transmission technologies will be used in more than 170 different vehicle applications. The new hybrid solution by Magna has no impact on the overall package size of the transmission, which provides manufacturing flexibility to BMW. The transmissions will be built at Magna facilities in Neuenstein, Germany, and Kechnec, Slovakia.
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HIBB | Hot Stocks10:01 EDT Hibbett Sports launches same-day delivery in four regional markets - Hibbett Sporting Goods announced same-day delivery via Shipt as the latest enhancement to the www.Hibbett.com shopping experience. The new same-day delivery service allows Hibbett customers to select from thousands of apparel and footwear items to purchase and receive on the same day. Available in several markets including; Atlanta, Birmingham, Charlotte and select Nashville area zip codes.
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MEC | Hot Stocks10:00 EDT Mayville Engineering falls -25.1% - Mayville Engineering is down -25.1%, or -$2.95 to $8.81.
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TUP | Hot Stocks10:00 EDT Tupperware Brands falls -28.4% - Tupperware Brands is down -28.4%, or -$4.41 to $11.13.
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QUAD | Hot Stocks10:00 EDT Quad/Graphics falls -54.3% - Quad/Graphics is down -54.3%, or -$6.12 to $5.16.
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IPHI | Hot Stocks10:00 EDT Inphi rises 16.4% - Inphi is up 16.4%, or $9.72 to $69.16.
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GDOT | Hot Stocks10:00 EDT Green Dot rises 18.0% - Green Dot is up 18.0%, or $4.64 to $30.40.
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AR | Hot Stocks10:00 EDT Antero Resources rises 18.0% - Antero Resources is up 18.0%, or 51c to $3.35.
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T | Hot Stocks09:49 EDT AT&T says HBO Max to launch in May 2020 for $14.99 per month - AT&T's WarnerMedia unveiled new details about its HBO Max direct-to-consumer strategy. "Launching in May of 2020, WarnerMedia will be making HBO Max available to customers in the U.S. for $14.99 per month. The company is targeting 50 million domestic subscribers and 75 - 90 million premium subscribers by year-end in 2025 across the U.S., Latin America and Europe. At launch, AT&T will immediately offer HBO Max to the roughly 10 million HBO subscribers on AT&T distribution platforms, at no additional charge. HBO Now direct-billed users who subscribe directly through HBONow.com will also have access to WarnerMedia's HBO Max product. AT&T customers on premium video, mobile and broadband services will be offered bundles with HBO Max included at no additional charge. We are in active discussions with our distributors and look forward to offering their customers seamless access to this great product," the company stated. HBO Max will launch with 10,000 hours of "curated premium content" including the entire HBO service, new HBO Max Originals and content from "WarnerMedia's deep library of fan favorites in its 100-year content collection," the company added. Reference Link
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MTG | Hot Stocks09:48 EDT MGIC Investment vice chairman sells $2.4M of shares - MGIC Investment vice chairman Patrick Sinks disclosed the sale of 160,236 shares at prices of $14.02 and $13.96. Sinks, whose sales total $2.24M, continues to own 1.97M shares of MGIC Investment.
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BDC | Hot Stocks09:47 EDT Belden falls -14.6% - Belden is down -14.6%, or -$8.08 to $47.33.
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TUP | Hot Stocks09:47 EDT Tupperware Brands falls -20.2% - Tupperware Brands is down -20.2%, or -$3.15 to $12.39.
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QUAD | Hot Stocks09:47 EDT Quad/Graphics falls -48.0% - Quad/Graphics is down -48.0%, or -$5.41 to $5.87.
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AXE | Hot Stocks09:47 EDT Anixter rises 14.4% - Anixter is up 14.4%, or $10.28 to $81.67.
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IPHI | Hot Stocks09:47 EDT Inphi rises 17.6% - Inphi is up 17.6%, or $10.44 to $69.88.
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GDOT | Hot Stocks09:47 EDT Green Dot rises 29.7% - Green Dot is up 29.7%, or $7.65 to $33.41.
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MOH | Hot Stocks09:41 EDT Molina says Texas HHSC to award STAR+PLUS contracts for 2 service areas - Molina Healthcare said in a regulatory filing earlier: "Late in the day on October 29, 2019, the Texas Health and Human Services Commission, or HHSC, notified our Texas health plan, Molina Healthcare of Texas, Inc., that HHSC intends to award contracts to Molina Healthcare of Texas, Inc. for the STAR+PLUS program in the Hidalgo and North East service areas. The awards will be for an initial contract term of 3 years, and anticipated to have an operational effective date of September 1, 2020. STAR+PLUS is a Texas Medicaid Managed Care program integrating the delivery of Acute Care services and Long-Term Services and Supports for people who are age 65 or older, blind, or disabled. Currently, our Texas health plan services the Bexar, Dallas, El Paso, Harris, Hidalgo, and Jefferson service areas, with total membership of approximately 86,000 enrollees. Under the existing STAR+PLUS contract, the premium revenue for this program amounted to approximately $1.2B for the nine months ended September 30, 2019. The company is seeking to understand the basis for HHSC's selection of intended contract awards. The company does not expect this matter to affect its earnings during fiscal year 2019."
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FUNC | Hot Stocks09:38 EDT Driver says First United shareholders could receive $26-$33 per share in a sale - Driver Management Company, the manager of a fund that holds more than 5% of the outstanding shares of First United Corporation issued a statement to accompany its presentation focused on First United's. The presentation-"First United: Still No Strategy"-can be downloaded and viewed at www.RenovateMyBank.com. Abbott Cooper, Driver's founder and managing member, commented: "Driver has outlined an extremely appealing and logical path to maximizing value for First United's shareholders: we believe there are a number of potential high-quality buyers for First United, shareholders could receive between $26 and $33 per share in a sale, and a transaction can be achieved quickly with minimal execution risk. We have suggested to First United's Board of Directors that if it is unwilling to act in the best interests of shareholders right now and run a sale process, it should demonstrate how the Company could produce sale-level value on a standalone basis. Other major investors have also asked First United to either run a sale process or show why remaining independent is a better alternative. With the release of its unconvincing and misrepresentative investor presentation last week, we believe First United's leadership has made clear that remaining independent would be a dismal path forward for shareholders, customers, and many employees. Despite wasting months on a strategic plan intended to demonstrate how First United could potentially earn its independence, the Company has produced a presentation that insults shareholders by offering no tangible roadmap for maximizing value. I mean nothing-as in nada, zero, zilch. Fortunately, it is not too late for First United to wake up to the overwhelming demand amongst shareholders for a sale. Driver remains willing to present its ideas and recommendations to the Board of Directors for how a value-maximizing sales process can be expeditiously run. If the status quo remains, however, we will have no choice but to nominate a slate of highly-qualified director nominees to bring the right independent perspectives to a boardroom that is desperately in need of a renovation."
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AEP | Hot Stocks09:35 EDT American Electric appoints Stephen Swick as VP, CSO - American Electric Power has named Stephen Swick vice president and chief security officer, effective Jan. 10. Swick will succeed Stanley Partlow, who is transitioning to a short-term position as vice president, Security. Partlow plans to retire from AEP in mid-2020 after more than 14 years with the company. Swick will have responsibility for physical security, cybersecurity and aviation at AEP. He will report to David Feinberg, executive vice president and general counsel. Swick has been director, Cybersecurity Intelligence & Defense for AEP since 2016.
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IGLD | Hot Stocks09:33 EDT Internet Gold appeals Nasdaq delisting notice - As disclosed on October 24, 2019, the Company received written notification from the Listing Qualifications staff of The Nasdaq Stock Market LLC stating that the Company's ordinary shares were subject to delisting from the Nasdaq Global Select Market, pending the Company's opportunity to request a hearing before the Nasdaq Hearings Panel. The Company submitted an appeal of the Notification on October 29, 2019. There can be no assurance, however, that the Panel will grant the Company's request for continued listing. Under Nasdaq rules, the delisting of the Company's ordinary shares and the suspension from trade in the Nasdaq will be stayed during the pendency of the appeal and during such time, the Company's ordinary shares will continue to be listed on The Nasdaq Global Select Market.
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BYD... | Hot Stocks09:32 EDT Nevada reports September statewide gaming win up 6.83% to $1.06B - Nevada report Setepmber Las Vegas Strip gaming win up 7.00% versus last year to $584.25M. Publicly traded companies in the casino space include Boyd Gaming (BYD), Caesars (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
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PRGS | Hot Stocks09:28 EDT Progress Software expands board to nine with appointment of Vivian Vitale - Progress announced the appointment of Vivian Vitale to its Board of Directors. Vitale's appointment expands the Progress Board to nine members, eight of whom are independent. Vitale is currently operating a consulting practice which assists organizations in developing people management practices, providing guidance and support in organizational transitions and coaching leaders for success.
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WLTW | Hot Stocks09:26 EDT Willis Towers Watson launches new cyber policies for clients - Willis Towers Watson has launched three new cyber insurance policies for clients across the U.S., Canada, the U.K. and Western Europe. The policies provide innovative, tailored solutions for large enterprise and mid-market clients, enabling them to fully assess, protect and recover losses related to cyber risk. The policies contain broad cyber triggers for data breach coverage, regulatory claims and business interruptions, as well as important protection for cyberattacks against the supply chain. Importantly, they also provide coverage clarity and affirmative cyber coverages to limit silent cyber exposures.
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CLSK | Hot Stocks09:25 EDT CleanSpark awarded $627,000 software controls, energy storage contract - CleanSpark announced an award of a contract totaling $627,000 to provide software controls and energy storage to Energias Limpias De CentroAmerica as part of their Energy as a Service project to support an industrial manufacturing facility in San Jose, Costa Rica. CleanSpark's solution will integrate a scalable 1110-kilowatt hours of battery storage paired with a 480-kilowatt solar photovoltaic system, all driven by CleanSpark's mPulse controls platform. CleanSpark's mPulse software will provide economic dispatch controls to maximize performance, as well as resiliency operations to back-up critical energy loads in the event of a utility disruption. The project is expected to be integrated and commissioned in the first quarter of 2020. In addition to the base contract, ELCA is entering into a Software as a Service agreement with CleanSpark for continued support of the system.
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VERB | Hot Stocks09:23 EDT VERB Technology adds Direct Selling World Alliance to client roster - VERB Technology Company announced that the Direct Selling World Alliance, a global organization serving thousands of members in the direct sales industry, has entered into an agreement to adopt and deploy VERB's application. The agreement with DSWA also contemplates that the DSWA will refer and recommend the VERB application to their membership as part of their ongoing mission to help their members build and grow their own direct sales businesses.
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MKGI | Hot Stocks09:20 EDT Monaker Group expands board to eight with appointment of Alexandra Zubko - Monaker Group has appointed Alexandra Zubko to its board of directors. The appointment brings the total number of directors on the board to eight with six serving independently. Zubko co-founded and served as chief customer officer and general manager of Americas at Triptease, a provider of SaaS-based digital tools designed to create a seamless booking journey for hotel guests.
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APEX | Hot Stocks09:18 EDT Apex Global Brands announces collaboration between HI-TEC, Junya Wantanabe - Apex Global Brands has officially announced a collaboration between Hi-Tec's premium footwear and apparel brand HTS74 and legendary Japanese fashion designer Junya Watanabe. The collaboration, which debuted on the runway at Junya Watanabe Comme des Garcons' Spring 2020 Ready-to-Wear Paris Fashion Week show, will feature a new spin on HTS74's Neon Shadow RGS sneaker. The collaboration with Junya Watanabe Comme des Garcons features a re-envisioned HTS74 Neon Shadow RGS shoe, utilizing neon colors and plays on pure lines and stark shapes that have become synonymous with the Japanese designer. Since beginning his career, Watanabe continues to solidify himself as a pioneer of the "techno couture" craze through his designs for the Japanese fashion label Comme des Garcons under his own name, as well as, a series of top-tier collaborations within the fashion and footwear spaces. The collaboration will be available for purchase at Comme des Garcons stores and select retailers globally as of Spring 2020.
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RFL | Hot Stocks09:17 EDT Rafael Pharmaceuticals appoints Jose Octavia Costa Filho as CMO - Rafael Pharmaceuticals announced that Jose Octavio Costa Filho, M.D., will join the company as Chief Medical Officer. He will work alongside Timothy Pardee, M.D., Ph.D., who will continue in his role as co-CMO. They will both work together to continue the development of highly selective, well-tolerated and effective cell metabolic therapies to combat cancer. Dr. Costa Filho will oversee the solid tumor programs, while Dr. Pardee will remain focused on hematologic malignancies. Dr. Costa Filho joins Rafael from Servier Pharmaceuticals.
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CVSI | Hot Stocks09:14 EDT CV Sciences announces support for U.S. Domestic Hemp Production Program - CV Sciences announced its support of the U.S. Department of Agriculture'sprogress on implementation of the hemp provisions of the 2018 Farm Bill. On October 29, 2019, U.S. Secretary of Agriculture Sonny Perdue announced the interim final rule for the U.S. Domestic Hemp Production Program. USDA regulation of hemp farming provides a consistent regulatory framework that supports responsible and sustainable hemp production in the United States. A strong USDA regulatory framework is needed to differentiate hemp, an agricultural commodity, from marijuana, a controlled substance, and to protect farmers and consumers. USDA announced that later this week, an interim final rule formalizing the program will be published in the Federal Register. This will allow hemp to be grown under federally-approved plans and make hemp producers eligible for agricultural programs, like crop insurance. The rule includes provisions for USDA to approve hemp production plans developed by states and Indian tribes including: requirements for maintaining information on the land where hemp is produced; testing the levels of THC to ensure compliance with the law; disposing of noncompliant plants; and licensing requirements. "We are eager to see full implementation of USDA's Hemp Production Program," said CEO Joseph Dowling. "The hemp industry is poised for rapid growth that will create new jobs and economic development opportunities for farmers, rural communities and the CBD industry. Regulatory clarity is critical for the hemp industry and we believe the interim final rule is another step toward the proper regulatory framework that will help unlock the true domestic growth potential of the industry. We'd like to thank the U.S. Hemp Roundtable and its hemp industry members for their tireless efforts in achieving this milestone. Now that hemp farming regulations have been established it's time to focus on FDA's work to clarify the regulatory pathway for hemp-derived CBD products in dietary supplements. USDA and FDA regulation of hemp and CBD will provide a level playing field for quality and science-based CBD companies to operate, and allow consumers access to safe and beneficial products."
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GE BA | Hot Stocks09:11 EDT General Electric says continuing to evaluate restructuring opportunities - Says: Expects sustained macro volatility for remainder of year... Making progress with headcount reduction... Working with Boeing (BA) and carriers to prepare for MAX return... Plans to remix Health unit to be more digital...Seeing strength in Aviation and Healthcare units.
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IP | Hot Stocks09:11 EDT International Paper to pursue alternatives to divest remaining 20% stake in APPM - International Paper announced that it has completed the sale of its controlling interest in International Paper APPM Limited, an India-based printing paper business, to West Coast Paper Mills Limited for approximately $85M. International Paper intends to pursue suitable alternatives to divest its remaining 20% ownership interest in APPM.
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SNPS AMD | Hot Stocks09:10 EDT Synopsys and AMD execute multi-year ZeBu emulation agreement - Synopsys (SNPS) announced a multi-year agreement with AMD (AMD) to utilize its ZeBu Server 4 emulation system, accelerating verification of AMD high-performance processor, graphics, and gaming projects. As part of this new agreement Synopsys will optimize its ZeBu and VCS software for execution on AMD EPYC processor-based servers. AMD and Synopsys will extend their emulation collaboration to support system-level debug and analog/mixed-signal emulation, in addition to software-driven power and performance analysis, hybrid emulation, and virtual host solutions.
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TECD | Hot Stocks09:09 EDT Tech Data to acquire DLT Solutions, terms not disclosed - DLT Solutions, the premier government solutions aggregator, announced that it has entered into a definitive agreement to be acquired by Tech Data. Upon closing of the transaction, DLT will become a wholly owned subsidiary of Tech Data. This acquisition is subject to customary regulatory approval and is expected to close during Tech Data's fourth fiscal quarter.
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DIN TA | Hot Stocks09:08 EDT TravelCenters to open up to 94 IHOP restaurants at locations - IHOP Restaurants, a subsidiary of Dine Brands (DIN), and TravelCenters (TA) announced that the two companies have entered into a franchise development agreement and plan to open up to 94 IHOP restaurants over the next five years in TA and Petro branded locations across the United States. Currently, there are four IHOP restaurants already in TA's travel center network, including one that opened this week in Jackson, Georgia. The agreement fulfills their joint commitment to bring guests meal choices and service while on the go. The IHOP restaurants in the portfolio will be operated by the TA Restaurant Group, a division of TravelCenters of America. Guests visiting IHOP restaurants located at TA travel centers will be able to enjoy the brand's full menu of made-to-order items. The deal with TravelCenters of America marks the single largest IHOP development deal in the brand's 61-year history.
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TECD | Hot Stocks09:08 EDT Tech Data to acquire DLT Solutions - Tech Data announced it has entered into an agreement to acquire DLT Solutions, "a software and cloud solutions aggregator focused on the U.S. public sector." Upon closing of the transaction, DLT will become a wholly owned subsidiary of Tech Data. The acquisition is subject to customary regulatory approvals and is expected to close during Tech Data's fourth fiscal quarter.
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TWOU | Hot Stocks09:07 EDT 2U appoints Jennifer Ogden-Reese as Chief Marketing Officer - 2U has hired Jennifer Ogden-Reese as its new Chief Marketing Officer, effective November 11. Ogden-Reese joins 2U from SeatGeek, a mobile-first live event ticketing platform, where she served as CMO for the last three years.
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TRV | Hot Stocks09:06 EDT Travelers announces strategic partnership with Groundspeed Analytics - Travelers announced a strategic partnership with Groundspeed Analytics to simplify its new business and policy renewal processes through the use of artificial intelligence, or AI. The two companies will also collaborate on the design of additional AI capabilities that can provide increased efficiencies through the automation of commercial insurance analytics.
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TDC DTEGY | Hot Stocks09:05 EDT Teradata enters strategic partnership with Deutsche Telekom - Teradata (TDC)and Deutsche Telekom (DTEGY) announced a strategic partnership at Digital X in Germany, where Oliver Ratzesberger, President and CEO at Teradata, and Hagen Rickmann, Director Business Customers at Telekom Deutschland, were presenting to an audience of 20,000. The partnership will support the digital transformation goals of small and medium sized businesses in Germany, giving them access to the enormous potential of data analytics to provide the insights required for growth and innovation.
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SIRI... | Hot Stocks09:05 EDT Sirius XM to be available on Google Assistant - Google (GOOG, GOOGL) and SiriusXM (SIRI) announced that SiriusXM will be available on Google Nest smart speakers and displays via the Google Assistant, bringing seamless access to SiriusXM's acclaimed lineup of audio entertainment - featuring Howard Stern, hundreds of commercial-free music channels, plus news, comedy, talk, live sports and more - to tens of millions of homes across the country. Rolling out over the next week, users will see SiriusXM's extensive lineup of programming in the Google Home app, available on iOS and Android devices. With the Google Assistant, SiriusXM subscribers will be able to use their voice to navigate through SiriusXM's wide array of music and talk programming in a natural, conversational way. Subscribers will be able to simply ask the Google Assistant to play a SiriusXM channel by saying, for example, "Hey Google, play The Beatles Channel on SiriusXM." Later this year, subscribers with a Nest Hub or Nest Hub Max will be able to watch SiriusXM video, giving them access to a selection of video clips curated specifically for the Google Assistant that will allow them to see exclusive in-studio performances, interviews and other entertaining moments at SiriusXM. Google and SiriusXM expect to introduce a combination of offers to consumers. With any purchase of a Google Nest or Google Home device, eligible customers will be able to get three months of SiriusXM programming free. Eligible customers who already own a Google Nest or Google Home device are expected to be offered three months of SiriusXM free with the purchase of a SiriusXM All Access or SiriusXM Premier Streaming subscription. SiriusXM also plans to offer SiriusXM Select, SiriusXM All Access and SiriusXM Premier Streaming subscriptions at promotional rates that will be bundled with a Google Nest Hub. Each such consumer offer will be governed by their Offer Details and the related terms and conditions.
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SNCR | Hot Stocks09:04 EDT Rackspace selects Synchronoss Financial Analytics platform to manage costs - Synchronoss Technologies announced that Rackspace will use the Synchronoss Financial Analytics platform to manage costs, provide visibility and deliver savings by checking and validating the accuracy of its largest and most complex third party partner expenses and invoices. The Synchronoss platform will use advanced analytics to evaluate the complex, large-scale invoices that Rackspace receives from its partners each month. Each invoice can contain complex large datasets, which the Synchronoss platform will automatically process to identify potential anomalies and errors in the data. The automated process will improve accuracy, and will also provide expense governance to enable Rackspace to promptly recoup misbilled charges on its largest expenses.
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CMTL | Hot Stocks09:02 EDT Comtech awarded $1.2M additional funding from U.S. Army - Comtech Telecommunications announced that during its first quarter of fiscal 2020, its Mission-Critical Technologies group, which is part of Comtech's Government Solutions segment, received additional funding of $1.2 million to provide Very Small Aperture Terminals to support the U.S. Army.
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MDB BABA | Hot Stocks09:02 EDT MongoDB, Alibaba Cloud launch new partnership - MongoDB (MDB) announced a partnership with Alibaba Cloud, the data intelligence backbone of Alibaba Group (BABA), to offer customers an authorized MongoDB-as-a-service solution. Customers of Alibaba Cloud will be able to use this managed offering from Alibaba Cloud's data centers globally. With this partnership, Alibaba Cloud ensures end-to-end management and support for customers on current and future versions of MongoDB, with the ability to escalate bug fixes and support issues on their behalf. Now, users of Alibaba Cloud's platform offering will have easy access to the latest MongoDB features and capabilities, backed by comprehensive support from Alibaba Cloud and MongoDB.
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GE... | Hot Stocks09:01 EDT Fly Intel: Pre-market Movers - HIGHER: PG&E (PCG), up 19% after restoring power to nearly three-quarters of the 973,000 customers impacted by the Public Safety Power Shutoff. UP AFTER EARNINGS: General Electric (GE), up 8%... Antero Resources (AR), up 12%... Crocs (CROX), up 7%... Mattel (MAT), up 21%. DOWN AFTER EARNINGS: Yum! Brands (YUM), down 3%... Atlas Air (AAWW), down 11%... AMD (AMD), down 1%... Stryker (SYK), down 2%... Enphase Energy (ENPH), down 12%. LOWER: Amag Pharmaceuticals (AMAG), down 28% after nine FDA panel members voted to pursue withdrawal of Makena approval.
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SKYS | Hot Stocks09:00 EDT Sky Solar announces closing of share purchase by Japan NK Investment - Sky Solar Holdings announced the closing of the transaction of purchasing 152,107,954 ordinary shares of the Company, at US$0.25 per ordinary share, or $2.00 per ADS, by Japan NK Investment K.K., from Flash Bright Power, Rihuaxing Limited, Sunpeak Universal Holdings, Inc. and Bright Reality Investment Limited, pursuant to an amended and restated stock purchase agreement dated October 21, 2019. Flash Bright is wholly owned by Mr. Weili Su, who left the company in June 2017 and was the controlling shareholder of the Company. Upon the completion of the transaction, Japan NK Investment K.K. holds 152,107,954 ordinary shares of the Company, representing 36.3% of the total shareholding, and Flash Bright and Mr. Su are no longer the controlling shareholders of the Company.
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ESGR BWA | Hot Stocks08:58 EDT Enstar Group acquires BorgWarner Morse TEC, terms not disclosed - Enstar Group Limited (ESGR) announced that Enstar Holdings has acquired BorgWarner Morse TEC from BorgWarner Inc (BWA). BorgWarner is a global product leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles. Morse TEC holds approximately $0.8B liabilities associated with personal injury asbestos claims and environmental claims arising from BorgWarner's legacy manufacturing operations. Morse TEC's assets include, among others, insurance rights related to coverage against these liabilities and cash and marketable securities.
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MCF | Hot Stocks08:55 EDT Contango Oil & Gas announces closing of acquisition of Will Energy assets - Contango Oil & Gas Company announced that the Company has completed its previously announced acquisition of approximately 159,872 net acres located in North Louisiana and the Western Anadarko Basin in Western Oklahoma and the Texas Panhandle from Will Energy Corporation for an aggregate consideration of $23 million. Following adjustments for recent sales of non-core, non-operated Louisiana properties by Will Energy, the results of operations for the period between the effective and closing dates, and other estimated customary closing adjustments, the consideration paid at closing consisted of $14.75 million in cash and 3,500,000 shares of common stock. The Properties are approximately 95% held by production, and currently produce approximately 1,400 boepd with 34% of that production comprised of liquids. Approximately 75% of that production is operated. The Properties are mature fields with existing cash flow, low decline and significant development potential from PDNP and PUD opportunities.
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YUM | Hot Stocks08:54 EDT Yum! Brands recorded $200M in fee income from franchisees - Yum! expects to collect more than 95% of recorded franchisee fees.
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PRSP | Hot Stocks08:53 EDT Perspecta awarded $25M Army task order - Perspecta's innovative research arm, Perspecta Labs, was awarded a task order from the U.S. Army as the Applied Research and Experimentation Partner for the cybersecurity Collaborative Research Alliance program. The program, which represents continuing work for the company, has a maximum potential value of $25M over a five-year period of performance if all options are exercised. The cybersecurity CRA is a collaborative alliance between the Combat Capabilities Development Command Army Research Laboratory, CCDC C5ISR Center, academia and industry to advance the foundation of cyber science in the context of Army networks. Perspecta Labs has been conducting research as a member of the CRA since 2014. Under the new AREP task order, Perspecta Labs will continue to support the CRA with applied research and experimentation and assist with the accelerated transition of this research into the field.
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VZ | Hot Stocks08:52 EDT Verizon, Defense Media Activity partner to deliver content to service members - Verizon and the Defense Media Activity announced a multi-year partnership with the Department of Defense to deliver streaming content offerings including news, sports, and entertainment through live, linear and on-demand channels to overseas service members and their families. The Defense Media Activity provides a broad range of high-quality multimedia products and services to inform, educate, and entertain DoD audiences around the world. Their mission is to help military commanders quickly deliver vital "command" information to widely distributed US Forces overseas as well as to provide the overseas military audience American entertainment, news and sports programming.
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POETF | Hot Stocks08:46 EDT Poet Technologies to close sale of DenseLight subsidiary on or before Nov. 8 - POET Technologies announced that the Closing of the sale of the Company's subsidiary, DenseLight Semiconductors to DenseLight Semiconductor Technology will close on or before Friday, November 8, 2019. Widely reported instances of more strict and careful review of foreign currency conversion applications by regulators in the Peoples Republic of China have curtailed several forms of foreign investment by Chinese investors and prolonged the Overseas Direct Investment process. In the case of the sale of the shares of DenseLight to the Buyer, the result is a short delay in the ODI process and subsequent transfers needed to make the first tranche payment of $8 million to the Company. With the extended review process likely to continue for some time, and to ensure that all interested investors in DL Shanghai are able to participate, the Company has agreed to receive the total purchase price of $26 million in three tranches, with the first being a payment of $8 million on or before November 8, plus two additional installments of $13 million on or before December 31, 2019 and another for $5 million on or before May 31, 2020. The additional $2 million to be paid on behalf of the Buyer to Oak Capital for due diligence, legal and other expenses will be made to POET and remitted to Oak Capital with the second tranche payment. The Buyer has provided documentary evidence that the funds needed for the first tranche payment are present in its accounts and will continue to inform the Company on the status of its ODI applications, conversion to US dollars and associated bank transfers. The sale will close upon receipt of the $8 million into POET's account. The Company also announced that it had received final approval for the sale transaction from the TSX Venture Exchange and confirmed, as previously agreed between the Buyer and the Company, that DL Shanghai will be responsible for the operating expenses of DenseLight Singapore beginning on November 1, 2019.
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NTWK | Hot Stocks08:44 EDT NetSol Technologies introduces subscription pricing option for global markets - NETSOL Technologies announced an update to its existing pricing model, effective immediately. On a go-forward basis, all global contracts will now provide NETSOL customers with the option for subscription-based pricing as an alternative to the traditional license model. This Software-as-a-Service pricing option is available for all cloud-based NETSOL products and services, including NETSOL's flagship offering NFS Ascent. Subscription-based pricing is being offered on a monthly, quarterly or annual basis. Along with other value-based factors built into the model, the new pricing plan is intended to decrease initial buy-in cost for new customers and provide an alternative to current customers seeking lower software usage and maintenance costs.
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PUFXF | Hot Stocks08:43 EDT Agraflora Organics receives purchase order from Asian CBD distribution JV - AgraFlora Organics International announced the Company has received its inaugural purchase order from its 50 per-cent owned joint venture, Eurasia Infused Cosmetics. Eurasia Infused, by way of a commercial concession with CBD Group Asia, controls distribution agreements for CBD and organic cannabis sativa seed oil infused consumer packaged goods, for the territories of People's Republic of China, as well as the Hong Kong special administrative region. This distribution agreement extends to AgraFlora's existing portfolio of CBD-infused and organic cannabis sativa seed oil derived product suite. On October 25, 2019, the JV issued AgraFlora an initial purchase order to supply its organic cannabis sativa seed oil infused face serum and lip balm. This initial purchase order will secure high-visibility Asia Pacific shelf space for AgraFlora's existing CPG product offering.
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TBPMF | Hot Stocks08:41 EDT Tetra Bio Pharma to submit two non-prescription DIN applications in Canada - Tetra Natural Health provided an update on its initiatives to bring its Awaye topical product for pain relief to the market globally and its activities to commercialize additional natural health products and non-prescription drugs in Canada and the USA. TNH is focused on entering into distribution partnerships for the commercialization of its OTC pain medications in the $19B dollar market, which is expected to see steady growth according, to Future Market Insights. The portfolio of OTC drug products that Tetra is preparing to commercialize are at an advanced stage. There are no further required capital investment or additional clinical research necessary to bring these products to market. Tetra to submit its first two non-prescription DIN applications in CanadaTetra confirms that it has completed the development of two OTC DIN products; one for the treatment of hemorrhoids and the other for the temporary relief of aches and pains of muscles and joints associated with backache, lumbago, strains, bruises, sprains and arthritic or rheumatic pain, pain of tendons and ligaments. The non-prescription drug applications are completed and will be submitted to Health Canada before the end of Tetra's fiscal year ending November 30th, 2019. Tetra also plans to release these products in USA market in 2020. In preparation for its 2020 product launch, Tetra is in contact with a contract manufacturer to set up the manufacturing and to obtain a National Drug Code number from the U.S. Food and Drug Administration for each drug. An NDC number is required for all OTC drugs sold in the USA. Tetra has developed several other non-prescription drug products for the Canadian and USA Over-the-Counter drug markets. This OTC drug product line will contain beta-caryophyllene and will not require any clinical trial data to support its DIN application. Tetra has created this product line to bring self-care therapies, that act on the CB2 receptor, to pharmacies and their consumers.
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COHN | Hot Stocks08:39 EDT Cohen & Co. reports Q3 EPS ($1.06) vs. (57c) last year - Reports Q3 revenue $11.3M vs. $12.23M last year. Lester Brafman, CEO of Cohen & Company, said, "Our third quarter performance was impacted by the shock to overnight repo funding rates in September and slower than anticipated growth from new issue revenue opportunities. While we are disappointed with our results from the quarter, we are pleased with the overall growth in our Mortgage business, as our TBA and Gestational Repo businesses have reached all-time highs in terms of volume and revenues. We continue to believe that the initiatives underway will generate long-term value for our shareholders, and we are focused on improving these results going forward."
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YUM | Hot Stocks08:39 EDT Yum! Brands appoints Clay Johnson as Chief Technology Officer
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YUM | Hot Stocks08:39 EDT Yum! Brands announces promotion of Gavin Felder to Chief Strategy Officer - Comments provided during Q3 earnings conference call
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QUAD | Hot Stocks08:34 EDT Quad/Graphics resets quarterly dividend to 15c per share - Joel Quadracci, Chairman, President & CEO, said last night with earnings: We have made the strategic decision to divest our book business, which follows our recent sale of our non-core industrial wood crating business, Transpak. We will continue to optimize our product portfolio for the long-term to advance our Quad 3.0 transformation strategy. We've also made the decision to further streamline costs through our $50M cost reduction program and proactively reset the dividend to provide additional financial flexibility for growth-focused opportunities that address our clients' evolving needs and to maintain a strong balance sheet over the long term." Quad's next quarterly dividend of 15c per share will be payable on December 6 to shareholders of record as of November 18.
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EMKR | Hot Stocks08:34 EDT Emcore announces sale of CATV production assets for $5.5M - EMCORE Corporation announced the sale of its Cable TV production equipment and transfer of its CATV manufacturing operations from the Company's Beijing facility to Hytera Communications Company Limited and Shenzhen Hytera Communications Co. The sale price for the equipment is approximately $5.5M and is expected to be received by EMCORE beginning in the December 2019 quarter and continuing through the September 2020 quarter. Hytera will use the equipment to manufacture CATV components and subsystems from its facility in Southeast Asia. On its fiscal third quarter 2019 earnings call, EMCORE discussed plans to take four actions to improve profitability and cash flow while eliminating exposure to tariffs associated with the import of products manufactured in China. With the execution of this agreement and subsequent production transfer to Hytera, EMCORE will complete the first of these actions -- streamlining operations and moving to a variable cost model in EMCORE's CATV product lines. Additionally, EMCORE completed two other actions in the quarter by reducing the size of its CATV team and reducing the capacity of EMCORE's wafer fab to one shift. These actions incurred one-time costs of $0.4M in the quarter ended September 30, 2019 and are expected to result in annual cash savings of approximately $3M beginning in the December 2019 quarter. These operational changes in CATV also fulfill a strategic objective of positioning the CATV product lines to generate positive cash flow to help fund the other growth areas of EMCORE in Aerospace and Defense.
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MLM | Hot Stocks08:34 EDT Martin Marietta sees FY20 aggregate shipment growth in low-to-mid single digits - As part of its Q3 earnings release yesterday, Martin Marietta provided its initial FY20 assumptions, stating: "Based on a preliminary view of 2020, management currently anticipates low-to-mid-single-digit growth in aggregates shipments and mid-single-digit growth in aggregates pricing. Martin Marietta's geographic footprint has attractive underlying market fundamentals, including notable employment gains, population growth and superior state fiscal health, that should promote steady and sustainable construction growth over the near- and medium-terms. Supported by region-specific third-party forecasts and underlying demand trends, Martin Marietta believes the current construction cycle will continue for the foreseeable future and expand at a steady pace in 2020 for each of its three primary construction end-use markets."
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FARM | Hot Stocks08:32 EDT Farmer Bros. stockholders urge fellow stockholders to vote for their nominees - Jeanne Farmer Grossman, Thomas William Mortensen, and Jonathan Michael Waite announced today that they issued an open letter urging stockholders of Farmer Bros. Co. to STOP, LOOK and LISTEN before taking any action in response to the Company's solicitation of proxies for the 2019 Annual Meeting of Stockholders. The complete text of the letter to stockholders follows: The letter said, in part, " You will soon receive or may have already received a proxy statement and accompanying white proxy card from Farmer Bros. Co. in connection with the upcoming 2019 Annual Meeting of Stockholders of the Company..We strongly urge you NOT to return the white proxy card or voting instruction form from the Company and NOT to allow the Company to take your vote over the telephone or by internet, but to wait until you receive and review our definitive proxy materials and GOLD proxy card, which we will be sending to you soon, before voting. If you have already voted the Company's white proxy card or voting instruction form or had your vote taken by the Company over the telephone or by internet, a later-dated GOLD proxy card will revoke your previously cast vote. We are seeking your support for the election of our two highly qualified nominees, Thomas William Mortensen and Jonathan Michael Waite, to the Company's Board of Directors, due to our continued frustration with the performance of Farmer Bros. and our concerns that the Board is not taking the appropriate action to maximize stockholder value. As shown in the Company's own proxy statement, the Company's three-year cumulative Total Shareholder Return of -49% significantly underperformed the general market and its peer group, which had a TSR of +40%. We strongly believe that the Board must be reconstituted to ensure that the directors take the necessary steps for the Company's stockholders to realize the maximum value of their investment. We strongly urge you to wait for and carefully consider the information contained in the Concerned Stockholders' proxy materials and the GOLD proxy card prior to casting your vote in connection with the Annual Meeting."
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BWA | Hot Stocks08:32 EDT BorgWarner sells BorgWarner Morse TEC LLC to Enstar - BorgWarner announced that it has divested BorgWarner Morse TEC LLC, a wholly-owned subsidiary of the company that holds asbestos and certain other liabilities, to Enstar Holdings, a subsidiary of Enstar Group. In connection with the closing, BorgWarner contributed approximately $172M in cash to Morse TEC. As a result of the transaction, BorgWarner expects to remove the asbestos obligations, related insurance assets and associated deferred tax assets from the company's condensed consolidated balance sheet. The company is evaluating the accounting for this transaction, but currently estimates that this transaction could result in an after-tax loss in its consolidated financial statements of up to $40M in the fourth quarter.
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AAWW | Hot Stocks08:25 EDT Atlas Air sees FY19 revenue approx. $2.75B, consensus $2.86B
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GE BKR | Hot Stocks08:22 EDT General Electric says expects to hit FY margin expansion target - Says: Making progress, but still work to do... Running businesses better with eye towards unlocking value... No longer holds majority stake in Baker Hughes (BKR)... Cash generation running ahead of prior year through first three quarters... Liquidity position remains strong... Expects to make significant progress towards leverage goal by end of 2020. Comments taken from Q3 earnings conference call.
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EGHT... | Hot Stocks08:22 EDT 8x8, Inc., Poly and Scansource announce joint global CloudFuel program - 8x8 Inc. (EGHT), Poly (PLT) and ScanSource (SCSC) announced they are joining forces to help companies move away from legacy on-premises business communication systems to true cloud-based communication solutions. The joint global program, named CloudFuel, will accelerate the process of ensuring organizations have proven cloud technology to meet all of their needs across unified communications, collaboration and contact center. This is the first time a hardware replacement/cloud migration program will be offered to the VAR channel, combining award-winning UCaaS and CCaaS solutions on 8x8's single technology platform, equipment from Poly and powerful financial incentives for ScanSource resellers, who are the critical parties with the end customer relationships. The move from on-premises systems to cloud-based communications is accelerating. The CloudFuel program will be offered through the ScanSource network of more than 35,000 resellers and will provide access through their direct relationships to hundreds of thousands of customers across the globe.
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VRTU... | Hot Stocks08:19 EDT Virtusa, UTHealth, Cardinal Health, AWS collaborate to advance medical research - Virtusa Corporation (VRTU) announced it is collaborating with The University of Texas Health Science Center at Houston, Cardinal Health (CAH), and Amazon Web Services (AMZN) to use AI and machine learning techniques to advance medical research. This research collaboration is led by UTHealth's faculty member, Hulin Wu, PhD, and will initially focus on finding the best treatment and management strategies for subarachnoid hemorrhage and diabetes based on health care data and computer simulations. Virtusa and Cardinal Health will simulate a comprehensive dataset comprising Electronic Health Records representing more than 30,000 patients. Using vLifeTM, Virtusa's cloud-based platform consisting of a comprehensive HIPAA-compliant data lake with multiple data sources, pre-built APIs, AI, and machine learning models, researchers hope to uncover hidden trends that can lead to new treatment strategies and cures for a range of illnesses. UTHealth will leverage the simulated data to train and evaluate machine learning models capable of predicting treatment outcomes for certain types of illnesses. The data provided through Cardinal Health's Proxi patient population simulation requires minimum data cleaning and preparation and is ready for the application of machine learning models soon after synthesis.
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CLRB | Hot Stocks08:17 EDT Cellectar Biosciences presents new phospholipid drug conjugate - Cellectar Biosciences announced Jarrod Longcor, chief business officer of Cellectar, presented a poster highlighting preclinical data with CLR 180099 at the 2019 AACR-NCI-EORTC Molecular Targets and Cancer Therapeutics Conference, being held from October 26-30, 2019 in Boston, MA. CLR 180099 is a Phospholipid Drug Conjugate composed of a uniquely designed phospholipid ether conjugated to a flavaglin analogue payload. The poster, entitled: "CLR 180099, a lipid raft targeted phospholipid-drug conjugate, shows potent improved safety and efficacy against colorectal tumors," highlighted data demonstrating a greater reduction in tumor volume and improved survival with CLR 180099 than docetaxel in a colorectal cancer model. Additionally, as compared to the FLV payload alone, the PDC demonstrated improved tolerability with greater than a 20 fold increase in the maximum tolerated dose. CLR 180099 was also shown to have potent nanomolar activity in other select solid tumorsincluding breast cancer and lung cancer models.
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TLND LRLCY | Hot Stocks08:16 EDT L'Oreal deploys Talend to power R&I deparment's data lake - Talend (TLND) announced that L'Oreal (LRLCY) is using Talend to power the Research & Innovation department's data lake in a private IaaS environment on Microsoft Azure. With Talend, L'Oreal's R&I teams can ingest its variety of scientific, IoT, and marketing data to power cutting-edge analysis and new product innovation.
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LPLA | Hot Stocks08:12 EDT LPL Financial announces proposed leverage-neutral transaction - LPL Financial Holdings announced that its wholly owned subsidiary, LPL Holdings, intends to reprice its existing $1,470 million term loan B, increase the size of its revolving credit facility from $500 million to $750 million, extend the maturity date applicable to its term loan B and revolving credit facility, and make certain other changes. Additionally, LPL Holdings announced that it intends to offer approximately $400 million in aggregate principal amount of senior unsecured notes due 2027. The aggregate amount of LPL's outstanding indebtedness would be substantially unchanged as a result of the transaction, as LPL Holdings intends to use the net proceeds from the senior notes offering, together with cash available for corporate use, to pay down its existing term loan B to approximately $1,070 million and to pay fees and expenses related to the senior notes offering and the credit agreement amendment. LPL Holdings expects to complete the transaction by the end of November 2019. The launch and consummation of the credit agreement amendment and the senior notes offering are subject to market and other conditions.
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EBIX | Hot Stocks08:11 EDT CSAC Excess Insurance Authority enters agreement with Ebix - Ebix announced today, that the CSAC Excess Insurance Authority, a California Joint Powers Insurance Authority has chosen Ebix to offer risk and compliance solutions to all its members. CSAC-EIA and its members will be utilizing the RCS's CertsOnline platform to manage their incoming 3rd party insurance certificates, improve visibility into risk exposures, increase insurance compliance and minimize administrative costs.
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CYCN | Hot Stocks08:10 EDT Cyclerion: Phase 2 study of praliciguat did not reach statistical significance - Cyclerion Therapeutics announced topline results from its Phase 2 proof-of-concept study of praliciguat, a once-daily, orally available systemic sGC stimulator, in diabetic nephropathy. The study did not meet statistical significance on its primary endpoint of reduction in albuminuria from baseline as compared to placebo, measured by urine albumin creatinine ratio (UACR), but there was a trend toward improvement across the total intention-to-treat study population. In addition, improvements were observed in patients treated with praliciguat in several secondary vascular and metabolic measures associated with cardiovascular risk and kidney disease progression, including blood pressure, cholesterol and HbA1c levels, compared to placebo. All patients were on concomitant stable standard of care therapy, including anti-diabetic medications and renin-angiotensin-aldosterone system blockers. As in prior clinical studies, the pharmacokinetic profile of praliciguat was consistent with once-daily dosing. Praliciguat was generally well tolerated, and the safety profile was supportive of continued development. During statistical validation, data from one clinical trial site were found to be inconsistent with those of the overall study population. At this site, a significantly greater percentage of patients assigned to the praliciguat treatment arms had undetectable or very low praliciguat plasma concentrations than was seen across the broader study population. In a post-hoc sensitivity analysis in which data from this site are excluded, an increased treatment effect and reduced variability are observed. As previously announced, Cyclerion intends to out-license praliciguat for late-stage global development and commercialization. Cyclerion also announced the results of its Phase 2 proof-of-concept study of praliciguat in heart failure with preserved ejection fraction. Full results from both studies will be presented at future medical meetings. The company expects to deliver results from its STRONG SCD Phase 2 study of olinciguat, an sGC stimulator under investigation as a potential treatment for sickle cell disease in mid-2020, its Phase 1 study of IW-6463, a central nervous system-penetrant sGC stimulator, in Q4 2019. With its praliciguat Phase 2 studies completed, Cyclerion intends to focus its investments on these near-term value-creation opportunities, as well as ongoing innovation, and to reduce its monthly cash expenses by 25%. As of September 30, 2019, Cyclerion had approximately $125 million of cash, cash equivalents and restricted cash. Cyclerion anticipates that this cash will be sufficient to fund its operations through Q1 2021.
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HESM | Hot Stocks08:09 EDT Hess Midstream Partners backs FY19 adj. EBITDA view of $550M-$575M
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CURLF | Hot Stocks08:09 EDT Curaleaf Holdings' acquisition of Select brand to advance on amended terms - Curaleaf Holdings has agreed with Cura Partners, owners of the Select brand, to amend the terms of their prior agreement for Curaleaf's acquisition of Select's state-regulated cannabis business. Additionally, the waiting period under the HSR Antitrust Improvements Act of 1976 has expired with respect to the acquisition of Select by Curaleaf. Due to changes in market conditions since the original merger agreement was signed in May, Curaleaf and Select have mutually agreed to reduce the base consideration payable upon close under the Proposed Transaction. Under the amended and restated merger agreement, the number of subordinate voting shares of Curaleaf payable at closing of the Proposed Transaction has been reduced to 55M SVS of Curaleaf from 95,555,556 originally. The remaining 40,555,556 SVS will now be payable to Select equity holders contingent upon Curaleaf achieving certain calendar year 2020 revenue targets based on Select-branded retail extract sales beginning at a target of $130M with maximum achievement at $250M. In addition, Select equity holders will also be eligible to receive an earn-out of up to $200M from the issuance of additional SVS, contingent upon Curaleaf exceeding $300M in calendar year 2020 revenue for Select-branded retail extract sales. The companies continue to work with state regulators to receive the necessary approvals with a target closing date of January 1, 2020. The terms of the Amended Merger Agreement have been unanimously approved by independent special committees of the Boards of Directors at both companies.
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SONM | Hot Stocks08:06 EDT Sonim appoints Tom Wilkinson as CEO - Sonim has appointed Tom Wilkinson as CEO. Wilkinson served as CEO of Xplore Technologies until it was sold to Zebra Technologies in August 2018. Recently, he was appointed as Chairman and Interim CEO of Cipherloc Corporation. Wilkinson's experience includes appointments as CFO, as well as other business leadership roles. Bob Plaschke will assume a new role for the company as Strategy Advisor to the Board and will devote his time to the development of strategic opportunities for Sonim. He has been at Sonim since 2002 and became CEO and Chairman of the Board in 2005.
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CYCN | Hot Stocks08:06 EDT Cyclerion Therapeutics to discontinue development of praliciguat in HFpEF
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CYCN | Hot Stocks08:05 EDT Cyclerion says CAPACITY Phase 2 PoC study did not meet primary endpoint - Cyclerion Therapeutics announced topline results from its CAPACITY Phase 2 proof-of-concept study of praliciguat, a once-daily, orally available systemic sGC stimulator, in heart failure with preserved ejection fraction. The study did not meet statistical significance on its primary endpoint of improved exercise capacity from baseline as compared to placebo, measured by cardiopulmonary exercise testing. There was clear evidence of drug exposure and pharmacological activity as judged by expected reductions in blood pressure. Praliciguat was generally well tolerated, and the safety profile supported investigation of praliciguat in other indications. While there were no trends observed in improving HFpEF symptoms, a positive trend in reducing HbA1c levels was observed in the subset of patients with diabetes. This is consistent with the results observed in the company's Phase 2 study of praliciguat in diabetic nephropathy, which were also reported today. Cyclerion is discontinuing development of praliciguat in HFpEF. Full results from the study will be presented at a future medical meeting. With its praliciguat Phase 2 studies completed, Cyclerion intends to focus its investments on near-term value-creation opportunities - including out-licensing praliciguat for diabetic nephropathy, advancing its STRONG SCD Phase 2 study of olinciguat in sickle cell disease, its Phase 1 study of IW-6463 for central nervous system disorders, as well as ongoing innovation - and to reduce its monthly cash expenses by 25%. As of September 30, 2019, Cyclerion had approximately $125M of cash, cash equivalents and restricted cash. Cyclerion anticipates that this cash will be sufficient to fund its operations through Q1 2021.
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ATVI | Hot Stocks08:05 EDT Activision Blizzard announces over $600M in sell through for new Call of Duty - Activision Blizzard's Call of Duty: Modern Warfare had more than $600M in sell-through worldwide in its first three days of release. The title has sold more units in its first three days than any other Call of Duty game sold in its first three days in this console generation, and is the top-selling new premium game release of 2019. Modern Warfare also established a new record as the number one top-selling digital opening in Activision history. With its blockbuster launch, in its first three days of release, Call of Duty: Modern Warfare more than doubled the box office opening of Joker. Modern Warfare set new records on the PlayStation Network (SNE) for the highest digital pre-orders and highest three-day digital sales ever on PlayStation 4. Modern Warfare also has become the number one top-selling Call of Duty PC launch ever, as opening weekend PC sales on Blizzard Battle.net were significantly up over last year. Sell-through sales figures include Call of Duty: Modern Warfare retail and digital unit sales and revenues, including sales of the Defender DLC pack, for the opening three days following initial launch. Sales figures based on retail customer sell-through information and Activision data and estimates. Reported movie sales according to publicly available data. Total players and total hours played based on Activision data. Top selling new premium release of the year based on Activision data and internal estimates, and excludes free-to-play games. Activision's new thriller unites the Call of Duty community to play together through crossplay and cross progression support, and to enjoy new post-release content coming free for all players on all platforms.
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EADSY | Hot Stocks08:02 EDT Airbus CEO says 'focused' on A320neo ramp up, industrial flow - "Our nine-month results are mainly driven by the performance in commercial aircraft, reflecting both the A320neo ramp-up and progress on the A350," said Airbus CEO Guillaume Faury. "We are focused on the A320neo ramp-up and improving the industrial flow while managing the higher level of complexity on the A321 ACF in particular. Our nine-month delivery numbers and the updated delivery outlook for the year reflect the underlying actions to secure a more efficient delivery flow in the next years as we progress to rate 63 per month for the A320 Family in 2021. The full-year free cash flow guidance has been adjusted to reflect the revised delivery outlook while the EBIT Adjusted target is maintained. We are focused on meeting our customer commitments and preparing the production system for the future."
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EADSY | Hot Stocks08:01 EDT Airbus maintains FY19 EBIT adjusted view up approximately 15% - As the basis for its 2019 guidance, the company expects the world economy and air traffic to grow in line with prevailing independent forecasts, which assume no major disruptions. The 2019 earnings and Free Cash Flow guidance is before M&A. Airbus now targets around 860 commercial aircraft deliveries in 2019, which reflects the updated delivery schedule. On that basis: Airbus maintains its expected increase in EBIT Adjusted of approximately +15% compared to 2018. Airbus now expects FCF before M&A and Customer Financing of approximately EURO$ 3 billion.
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CYCN | Hot Stocks08:00 EDT Cyclerion Therapeutics Inc trading resumes
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CLSD RGNX | Hot Stocks07:54 EDT Clearside announces option exercise by Regenxbio for SCS Microinjector - Clearside Biomedical (CLSD) announced that REGENXBIO (RGNX) has exercised its option under the previously announced option and license agreement to license Clearside's proprietary, in-office SCS Microinjector for the delivery of adeno-associated virus-based therapeutics, including but not limited to RGX-314 delivery to the suprachoroidal space to potentially treat wet age-related macular degeneration, diabetic retinopathy, and other conditions for which chronic anti-vascular endothelial growth factor treatment is currently the standard of care. Under the terms of the option and license agreement, Clearside earned $2.0 million related to REGENXBIO's exercise of the option and signing of the original research agreement. Clearside is also eligible to receive up to $34 million in total development milestones across multiple indications, up to $102 million in sales milestones and mid-single digit royalties on net sales of products using the SCS Microinjector. REGENXBIO will be responsible for all development, regulatory and commercialization activities for their gene therapy product candidates. Clearside will be responsible for supplying the SCS Microinjector in support of REGENXBIO's preclinical studies, clinical studies and commercial use.
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CAGDF | Hot Stocks07:52 EDT Centerra Gold sees FY19 gold production 730,000-765,000 ounces - 2019 Guidance for gold production and sales increased to 730,000 - 765,000 ounces and 745,000 - 785,000 ounces, respectively, from previously issued guidance of 705,000 - 750,000 ounces. Consolidated all-in sustaining costs per ounce sold guidance remains unchanged from previously issued guidance of $713 - $743 per ounce.
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EMHTF | Hot Stocks07:47 EDT Emerald Health eliminates approx. 20 positions, announces COO, CFO departures - Emerald Health Therapeutics has announced an internal reorganization including the reduction of its workforce and other expenditures. It is at the same time reinforcing its commitment to new product development focused on enhancing the modulation of the body's endocannabinoid system. These changes are focused on improving cash flow in the near term and the goal of building long term profitability. As part of the reorganization, Emerald eliminated approximately 20 staff positions yesterday and has reduced its workforce by approximately 65 staff positions, or 33% of its total workforce, since August 1, 2019. The reductions include the departure of Rob Hill, CFO, and Sean Rathbone, COO. Ms. Jenn Hepburn, previously Director, Finance, has been appointed CFO and Corporate Secretary, effective immediately. Dr. Avtar Dhillon, currently President and Chairman of Emerald, will cease to be President and will continue as Executive Chairman. Mr. Riaz Bandali, CEO of Emerald, will continue as President and CEO. The reorganization is not expected to impact Emerald's cannabis production or its client service. Management expects that the reorganization will enable Emerald to realize material cost savings beginning in the first quarter of 2020. Emerald remains committed to investing in its innovation and new product development activities.
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WMLLF | Hot Stocks07:44 EDT Wealth Minerals negotiates land access to Valsequillo Silver project - Wealth Minerals reports it has successfully negotiated surface access rights to the Valsequillo Silver project located in southern Chihuahua state, Mexico. The Company has the option to acquire a 100% interest in the Property covering 2,840 hectares. The Property is located approximately 40 kilometres southeast of the city of Hidalgo Del Parral within the Altiplano Polymetallic Belt of north-central Mexico. The Company can acquire a 100% interest in the Property by making payments to the underlying arm's length vendors of the Property in the aggregate amount of $6M over a 90-month period.
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CUR | Hot Stocks07:44 EDT Seneca Biopharma, QYuns Therapeutics sign licensing agreement - Seneca Biopharma, (fka Neuralstem) and Jiangsu QYuns Therapeutics Co., a China-based company focused on monoclonal antibody therapeutics, jointly announce that they have entered into a non-binding term sheet for the licensing of certain assets owned by QYuns. Subject to entering into definitive agreements and receiving necessary approvals, Seneca and QYuns will enter into a royalty- and milestone-free, perpetual, non-cancelable, exclusive worldwide, other than in Greater China (which includes Hong Kong, Macau and Taiwan and certain other Asian territories) license to develop and commercialize certain of QYuns' assets, including QX005N, targeting IL-4Ralpha, QX002N, targeting IL-17A, QX004N targeting IL-23A, and QX006N targeting IFNRalpha. As contemplated by the term sheet, Seneca will also gain access to future antibody assets developed by QYuns and the parties will collaborate on future pipeline expansion. Upon entering into the license, Seneca's lead asset will be SNC005 that targets IL-4Ralpha for the treatment of Asthma and Atopic Dermatitis. As consideration for the license, Seneca will issue QYuns a yet to be determined amount of common stock.
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BIIB ALKS | Hot Stocks07:43 EDT Biogen, Alkermes announce FDA approval of VUMERITY for multiple sclerosis - Biogen (BIIB) and Alkermes (ALKS) announced that the U.S. Food and Drug Administration approved VUMERITY, a novel oral fumarate with a distinct chemical structure, for the treatment of relapsing forms of multiple sclerosis, to include clinically isolated syndrome, relapsing-remitting disease and active secondary progressive disease. Biogen holds the exclusive, worldwide license to commercialize VUMERITY and intends to make it available in the United States in the near future. The FDA approval of VUMERITY was based on a New Drug Application submitted under the 505(b)(2) filing pathway. It included data from pharmacokinetic bridging studies comparing VUMERITY and TECFIDERA to establish bioequivalence, and relied, in part, on the FDA's findings of safety and efficacy for TECFIDERA. The NDA submission also included interim exposure and safety findings from EVOLVE-MS-1, an ongoing, Phase 3, single-arm, open-label, two-year safety study evaluating VUMERITY in patients with relapsing-remitting MS. Interim results from EVOLVE-MS-1 at the time of NDA submission included a low overall rate of VUMERITY treatment discontinuation due to adverse events, and a rate of less than one percent of patients who discontinued VUMERITY treatment due to gastrointestinal adverse events. Additional exploratory efficacy endpoints in the ongoing EVOLVE-MS-1 study showed changes in clinical and radiological measures compared to baseline. Under the terms of the license and collaboration agreement between Biogen and Alkermes, Biogen will pay Alkermes $150M in connection with the FDA's approval of VUMERITY. Biogen plans to account for this milestone payment as an asset that will be amortized over the expected useful life of the product. Alkermes is also entitled to receive a mid-teens percentage royalty on worldwide net commercial sales of VUMERITY, subject, under certain circumstances, to minimum annual payments for the first five years following FDA approval and customary reductions as set forth in the agreement.
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TUP | Hot Stocks07:43 EDT Tupperware Brands down 14% after Q3 results, FY19 guidance miss estimates - In pre-market trading, shares are down approximately 14% to $13.39.
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CLH | Hot Stocks07:39 EDT Clean Harbors raises FY19 adjusted EBITDA view to $530-$550M from $520M-$550M
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HES | Hot Stocks07:35 EDT Hess Corp. ups FY19 production view to 285,000 boped from 275.000-280,000 boepd - Bakken net production guidance increased to approximately 150,000 boepd, up from the previous guidance range of 140,000-145,000 boepd. E&P capital and exploratory expenditures are projected to be $2.7B, down from previous guidance of $2.8B.
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GRMN | Hot Stocks07:35 EDT Garmin up 3.3% after reporting Q3 results, raising FY19 guidance
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BIIB ALKS | Hot Stocks07:32 EDT Biogen, Alkermes announce FDA approval of VUMERITY - Biogen (BIIB) and Alkermes (ALKS) announced that the U.S. FDA approved VUMERITY, a novel oral fumarate with a distinct chemical structure, for the treatment of relapsing forms of multiple sclerosis, to include clinically isolated syndrome, relapsing-remitting disease and active secondary progressive disease. Biogen holds the exclusive, worldwide license to commercialize VUMERITY and intends to make it available in the United States in the near future. Under the terms of the license and collaboration agreement between Biogen and Alkermes, Biogen will pay Alkermes $150M in connection with the FDA's approval of VUMERITY. Biogen plans to account for this milestone payment as an asset that will be amortized over the expected useful life of the product. Alkermes is also entitled to receive a mid-teens percentage royalty on worldwide net commercial sales of VUMERITY, subject, under certain circumstances, to minimum annual payments for the first five years following FDA approval and customary reductions as set forth in the agreement.
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AZN | Hot Stocks07:28 EDT Cheplapharm to make $178M upfront payment to AstraZeneca for EU Seroquel rights - AstraZeneca has agreed the sale and licence of the commercial rights to Seroquel and Seroquel XR in Europe and Russia to Cheplapharm. Cheplapharm will make an upfront payment of $178M to AstraZeneca and may also make future sales-contingent payments of up to $61M. Income arising from the upfront and future payments will be reported in AstraZeneca's financial statements within Other Operating Income & Expense. In 2018, Seroquel generated annual product sales of $47M in the markets covered by this agreement, while Seroquel XR generated $61M. The agreement does not impact the company's financial guidance for 2019. The transaction is expected to complete in the fourth quarter of 2019, subject to customary closing conditions and regulatory clearances.
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JWCAF | Hot Stocks07:27 EDT James E Wagner, Fluence enter agreement to test impact of LED lighting - James E. Wagner Cultivation announced that its wholly-owned subsidiary, James E. Wagner Cultivation Ltd., has entered into a mutually collaborative product trial and evaluation agreement with Fluence Bioengineering to test and provide feedback regarding the performance, functionality and suitability of Fluence's VYPR 2p Broad Spectrum LED lighting solution. Analysis will be conducted under the Agreement for a term of eight months to assess whether JWC can further improve its high level of energy efficiency by using lighting equipment provided by Fluence to help optimize cultivation performance at its flagship JWC2 facility located at 530 Manitou Drive, Kitchener, Ontario. Throughout the term of the Agreement, Fluence will visit JWC to provide assistance with data collection, training on best practices for cultivating with LED lighting solutions and recommendations for climatic parameters to promote optimal plant growth. In turn, JWC will provide data analysis to Fluence with respect to cultivation performance in the flowering rooms utilizing Fluence's lighting solutions. If the project is successfully completed in accordance with the criteria set out in the Agreement, JWC intends to extend the relationship with Fluence by purchasing certain equipment from Fluence.
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AZN | Hot Stocks07:26 EDT AstraZeneca divests rights to Seroquel and Seroquel XR in Europe and Russia - AstraZeneca has agreed the sale and licence of the commercial rights to Seroquel and Seroquel XR in Europe and Russia to Cheplapharm Arzneimittel GmbH. Seroquel and Seroquel XR, used primarily to treat schizophrenia and bipolar disorder, have lost their compound patent protection in Europe and Russia. Ruud Dobber, Executive Vice President, Biopharmaceuticals, said: "Seroquel is an important established medicine and this agreement with Cheplapharm will help ensure continued patient access. It forms part of our strategy of reducing the portfolio of mature medicines to enable reinvestment in our main therapy areas." AstraZeneca will continue to manufacture and supply Seroquel and Seroquel XR to Cheplapharm during a transition period. The gross book value of assets subject to the divestment as at 31 December 2018 was nil. In the year to 31 December 2018, the aggregate pre-tax profits attributable to Seroquel and Seroquel XR in the relevant territories were $86M. The consideration will be paid in cash and the proceeds used for general corporate purposes.
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CYCN | Hot Stocks07:25 EDT Cyclerion Therapeutics Inc trading halted, news pending
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NVS | Hot Stocks07:25 EDT Novartis says FDA placed partial hold on AVXS-101 intrathecal trials - Novartis announced that the FDA placed a partial hold on clinical trials for intrathecal administration of AVXS-101. The announcement follows an AveXis communication to health authorities and clinical trial investigators based on findings from an AveXis-initiated pre-clinical study in which animal findings showed dorsal root ganglia mononuclear cell inflammation, sometimes accompanied by neuronal cell body degeneration or loss. The partial hold by the FDA does not impact marketed Zolgensma or AVXS-101 intravenous clinical trials, Novartis added. AveXis is studying AVXS-101 intrathecal administration in patients with spinal muscular atrophy Type 2. The partial hold impacts enrollment in the high dose cohort of the Strong trial, an ongoing trial designed to evaluate the efficacy, safety and tolerability of one-time intrathecal administration of AVXS-101. The low and mid dose cohort enrollment has previously been completed and interim results have been presented. Novartis added, "The clinical significance of the DRG inflammation observed in this pre-clinical animal study is not known and was not seen in prior animal studies with AVXS-101. DRG inflammation can be associated with sensory effects. Of note, we have completed a thorough review of human safety data from all available sources to date and no adverse effects related to sensory changes have been seen in AVXS-101 intrathecal or Zolgensma. We are working with health authorities to confirm further guidance to clinical investigators." It added that it remains confident that the overall benefit-risk profile for patients on treatment is favorable and that it continues to advance our AVXS-101 intravenous clinical studies. "We will work diligently with FDA to identify any additional actions necessary to resume dosing in the AVXS-101 intrathecal clinical trials," the company said.
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MBOT | Hot Stocks07:25 EDT Microbot Medical receives notice of allowance for U.S. patent covering TipCAT - Microbot Medical announced that the U.S. Patent and Trademark Office has issued a Notice of Allowance for patent application No. 15/218,025, covering the Company's TipCAT technology platform. The allowed patent application is a Continuation of Patent No. 9,427,143, issued on August 30, 2016. The allowed patent application covers a self-propelled device for locomotion through a lumen, the device comprising a set of serially arranged inflatable chambers configured for sequential inflation from a single fluid source, wherein at least one chamber has characteristics selected to provide a non-monotonous relationship between the inflation pressure within the chamber and its inflated size.
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IMV | Hot Stocks07:24 EDT IMV Inc. appoints Joanne Schindler, M.D., D.V.M. as Chief Medical Officer - IMV Inc. announced the appointment of Joanne Schindler, M.D., D.V.M. as its new Chief Medical Officer, effective November 4. Dr. Schindler will succeed Gabriela Rosu, M.D., who is leaving the company to pursue other opportunities. Most recently, Dr. Schindler served as Vice President, Clinical Development and Executive Medical Director at H3 Biomedicine, overseeing the company's clinical development efforts.
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RRTS | Hot Stocks07:22 EDT Roadrunner offering free Transportation Management System - Roadrunner's business unit Roadrunner Freight has partnered with MyCarrierTMS to offer customers a free transportation management system, or TMS, called RapidShip. The TMS offers a single-page view for quotes, real-time tracking information, carrier consolidation and a calendar view of upcoming and current shipments.
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ADP | Hot Stocks07:20 EDT ADP reports Q1 Employer Services New Business Bookings grew 6%
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BCE T | Hot Stocks07:16 EDT Bell Media announces new long-term exclusive deal with Warner Bros. - Bell Media announced a new long-term exclusive deal with Warner Bros. International Television Distribution that brings original programming from WarnerMedia's HBO Max to Canada, beginning in 2020. The announcement is the first for HBO Max programming outside of the U.S. The agreement extends Bell Media's programming partnership with HBO, one of the world's most prestigious entertainment brands, expanding the company's HBO content offering on its SVOD service, Crave, and reinforcing Bell Media's commitment to delivering the most sought-after programming in the world. It also establishes a new alliance with HBO Max, making original series from the highly anticipated new service available to Canadians via Crave and Bell Media's suite of CTV-branded platforms. The deal extends the pay TV rights for Warner Bros first-run feature films adding to the strong relationship already in place between Warner Bros. and CTV for network series, and with Bell Media's specialty services for cable series. The deal encompasses new scripted series primarily produced by the divisions of the Warner Bros. Television Group for HBO Max. Specific details on the rollout of HBO Max programming in Canada will be confirmed in the coming months.
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YUM | Hot Stocks07:16 EDT Yum! Brands down 7.9% after reporting Q3 results
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CROX | Hot Stocks07:15 EDT Crocs up 1.3% after reporting Q3 results
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KRA | Hot Stocks07:13 EDT Kraton selling Cariflex business unit to Daelim Industrial - Kraton has agreed to sell its Cariflex business unit to Daelim Industrial for a purchase price of $530M. The transaction is expected to close in 1Q20. Cariflex contributed $50.5M of pro forma Adjusted EBITDA for FY18.
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ATNX | Hot Stocks07:13 EDT Athenex announces European orphan designations for paclitaxel, encequidar - Athenex announced that it has received Orphan Designations from the European Commission for paclitaxel and encequidar for the treatment of soft tissue sarcoma, following a positive opinion from the European Medicines Agency. The U.S. FDA has granted oral paclitaxel and encequidar an Orphan Drug Designation in the treatment of angiosarcoma.
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CRTO | Hot Stocks07:11 EDT Criteo names Megan Clarken as CEO, effective November 25 - Criteo announced the appointment of Megan Clarken as CEO, based in Paris, effective November 25. Founding Chairman and CEO JB Rudelle has decided, with the full support of the Board of Directors, to bring in as CEO a new leader with proven experience in company transformation. By splitting the roles of CEO and Chairman, the Company is adding leadership capacity, creating the right conditions to accelerate Criteo's transformation into a technology platform. Megan Clarken spent fifteen years in various positions at Nielsen, and was recently Chief Commercial Officer of Nielsen Global Media. Born in New Zealand, Megan brings to Criteo extensive global leadership experience and very strong industry expertise.
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CROX | Hot Stocks07:11 EDT Crocs reports Q3 retail SSS up 12.5%
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MXCYY | Hot Stocks07:10 EDT Metso announces positive results of consent solicitation - Metso Corporation announces the positive results of its consent solicitation process pursuant to which it solicited consents and waivers from the holders of the outstanding notes of certain series of notes issued pursuant to its EMTN Program to pass an extraordinary resolution at a separate meeting of noteholders of each such series to sanction: the substitution of Outotec Oyj in place of Metso Corporation as the issuer of the notes on the date of registration of the completion of the partial demerger of Metso Corporation and combination of the Metso Corporation's Minerals Business and Outotec Oyj with the Finnish Patent and Registration Office, which is expected to take place in the second quarter of 2020, subject to the statutory creditor hearing process and receipt of all required regulatory and other approvals, including competition clearances, the waiver and authorization of any breach or any alleged breach of certain of the terms and conditions of the notes as may be caused by, or arise in respect of, the proposed Demerger, and certain waivers in respect of certain statutory rights that such noteholders may have under Finnish law as may be caused by, or arise in respect of, the proposed Demerger. Metso Corporation confirms that an extraordinary resolution was duly passed at each meeting of noteholders in respect of each such series of notes. Accordingly, the waivers and authorizations referred to in the extraordinary resolutions will take effect on and, subject to the above-mentioned conditions, the substitution of Outotec Oyj in place of Metso Corporation as the issuer will be implemented in the second quarter of 2020.
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TAP | Hot Stocks07:10 EDT Molson Coors estimates revitalization plan cost of $120M-$180M - In connection with these consolidation activities and related organizational and personnel changes, which were determined and initiated on October 28, 2019, the company currently expects to incur certain cash and non-cash restructuring charges related to employee relocation, severance, retention and transition costs, non-cash asset related costs, lease exit costs in connection with office leases in Denver, Colorado, and other transition activities estimated in the range of approximately $120 million to $180 million in the aggregate, the majority of which will be cash charges that will be spread through the balance of this fiscal year and fiscal years 2020 and 2021. The consolidation activities are expected to be substantially completed by the end of fiscal year 2021. Costs related to these restructuring activities are expected to be recorded as special items within our financial results beginning in the fourth quarter of 2019.
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TAP | Hot Stocks07:09 EDT Molson Coors announces 'revitalization plan' - CEO Gavin Hattersley says: "Our business is at an inflection point. We can continue down the path we've been on for several years now, or we can make the significant and difficult changes necessary to get back on the right track. Our revitalization plan is designed to streamline the company, move faster, and free up resources to invest in our brands and our capabilities. Through it, we will create a brighter future for Molson Coors. The plan aims to revitalize Molson Coors, achieving consistent topline growth by enabling us to: 1) Invest in iconic brands as well as opportunities to grow in the above premium space, 2) Expand beyond beer without having to sacrifice support for larger brands in the company's portfolio and 3) Create new digital competencies for commercial functions, system capabilities for supply chain and capabilities for employees. To make this possible, Molson Coors plans to unlock significant resources by eliminating duplication, shedding what's not working and restructuring the organization to better succeed in today's competitive, fast-paced environment. As part of the revitalization plan, the company will invest in improving its digital capabilities. Separately, Molson Coors will continue its ongoing efforts to modernize its brewery footprint and will also invest several hundred million dollars to modernize its brewery in Golden, CO. To make the new investments possible, Molson Coors plans to unlock approximately $150M in savings by simplifying its structure. The company will move from a corporate center and four business units - MillerCoors in the U.S., Molson Coors Canada, Molson Coors Europe and Molson Coors International - to two streamlined business units - North America and Europe. To further drive efficiency and enable growth, Molson Coors is consolidating and reorganizing office locations. The Denver office will be closed and Chicago will be designated as the North American operational headquarters. Functional support roles currently housed in several offices around the country will now be based in Milwaukee, Wisconsin.
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CRTO | Hot Stocks07:08 EDT Criteo sees Q4 adjusted EBTIDA $99M-$105M - The company said, "We expect Revenue ex-TAC to be between $255 million and $261 million, implying constant-currency growth of approximately -5% to -3%. We expect Adjusted EBITDA to be between $99 million and $105 million."
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ORBC | Hot Stocks07:06 EDT Orbcomm sees FY20 product revenue growth 10%-15% - The company said, "For the full year 2020, we are providing preliminary guidance as we finalize our budgeting process. The Company expects 10% to 15% Product Revenue growth over the prior year. This projection is based on significant hardware tailwinds, including as much as a $13 million year-over-year increase on our large container contract, opportunities totaling nearly 100,000 units that we anticipate finalizing shortly, and replacement hardware deployments due to the 3G cellular network sunset. Starting in the fourth quarter of 2019, we anticipate that we will be selling as much as 10% of our deployments through a subscription model, which recognizes revenue over the term of the contract; otherwise, the Product Revenue guidance would be higher. We anticipate Recurring Service Revenue to grow at low single digits to start 2020 over the prior year due to the expiration of the AT&T container contract, approaching high single digit growth in the second half of the year as we execute on our deployments and start to recognize our subscription revenues from these deployments. Other Service Revenues are expected to be flat. We expect Adjusted EBITDA margin to be in the 24% to 26% range."
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CG | Hot Stocks07:05 EDT Carlyle Group to acquire insurance broker The Hilb Group - The Carlyle Group has signed a definitive agreement with The Hilb Group, a national insurance broker, for investment funds affiliated with Carlyle to acquire a majority interest of Hilb. Hilb's existing management team and employee shareholders are expected to remain significant shareholders. Hilb is currently a portfolio company of Abry Partners, a Boston-based private equity firm. Founded in 2009, Hilb employs more than 900 associates and operates 91 branch offices serving all 50 states. Equity capital for the investment will come from Carlyle Partners VII, an $18.5B fund that focuses on buyout transactions in the U.S., and Carlyle Global Financial Services Partners III, L.P., a dedicated financial services buyout fund. The transaction is expected to be completed in Q4. Financial details of the transaction were not disclosed.
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YUM | Hot Stocks07:05 EDT Yum! Brands reports Q3 worldwide system sales up 8% - Worldwide system sales excluding foreign currency translation grew 8%, with KFC at 8%, Pizza Hut at 7% and Taco Bell at 7%. Adjusting the prior year base to include Telepizza, system sales growth excluding foreign currency translation would have been 6% worldwide and 2% for the Pizza Hut Division.
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TAP | Hot Stocks07:03 EDT Molson Coors backs FY19 underlying cash flow outlook of $1.4B, +/- 10% - Backs FY19 view of CapEx approx $700M, +/- 10%, consolidated Cost of Goods Solid mid-single digit increase on a constant currency basis and effective tax rate of 18%-22%.
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AGRX | Hot Stocks07:00 EDT Agile Therapeutics trading halted, news pending
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MDR | Hot Stocks07:00 EDT McDermott signs MOU with Darwin Clean Fuels - McDermott announced the signing of a Memorandum of Understanding, or MOU, with Darwin Clean Fuels. The MOU is for the feasibility study, technology, front-end engineering design, or FEED, and engineering procurement and construction, or EPC, for a Clean Fuels Condensate Processing Plant in Darwin, in the Northern Territory, Australia.As part of the initial contract, McDermott will undertake the feasibility study and FEED through to final investment decision. Upon final investment decision, McDermott will be the lead EPC contractor for the refinery. Early phase engineering work will commence immediately and be completed by quarter one in 2020.
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TAP | Hot Stocks06:59 EDT Molson Coors reports Q3 underlying EBITDA $702.6M vs. $756.7M last year
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TAP | Hot Stocks06:59 EDT Molson Coors reports Q3 worldwide brand volume down 2.4% - The company states: "Q3 worldwide brand volume and financial volume decreased 2.4% and 5.5%, respectively, due to declines in all segments, partially driven by challenging industry dynamics. Financial volume was further impacted by quarterly timing of customer inventory levels in the U.S. and Canada, as well lower contract brewing volume."
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TAP | Hot Stocks06:58 EDT Molson Coors changes name to Molson Coors Beverage Company - The company will also change its name to Molson Coors Beverage Company to better reflect its strategic intent to expand beyond beer and into other growth adjacencies. The company will legally change its name starting in January 2020.
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BAYRY | Hot Stocks06:57 EDT Bayer confirms outlook for 2019 issued in February - Bayer said in a statement: "Bayer has confirmed the outlook for fiscal 2019 published in February of this year, which was issued on the basis of all businesses being continuing operations. In view of the progress that has since been made with the divestment of Animal Health and the stake in Currenta, the original forecast has been aligned to exclude the sales and earnings contributions from these businesses, which are now reported as discontinued operations. Current exchange rates have also been taken into account. On this aligned basis, Bayer anticipates Group sales of approximately 43.5 billion euros, which continues to correspond to an increase of around 4 percent on a currency- and portfolio-adjusted basis. On the same basis, EBITDA before special items in fiscal 2019 is expected to come in at around 11.5 billion euros."
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OSK | Hot Stocks06:52 EDT Oshkosh raises quarterly dividend 11.1% to 30c per share - Payable on December 2 to shareholders of record as of November 18.
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CS | Hot Stocks06:52 EDT Credit Suisse sees headwinds from ongoing challenging geopolitical environment - Credit Suisse said: "As we head into the final quarter of 2019, we expect to see the usual seasonal slowdown as a result of the holiday season in many parts of the world. We also expect headwinds from the ongoing challenging geopolitical environment, most notably the US-China trade dispute and Brexit, to persist. This is likely to lead to more cautious capital expenditure and investment decisions, specifically looking forward to 2020 and 2021. That said, we believe that the long-term outlook remains attractive in wealth management, as indicated by the findings of our latest Global Wealth Report7 , and through our integrated approach, we expect to capitalise on these trends. Since 2016, we have significantly de-risked the bank and lowered the cost base, and we believe we are well positioned to outperform on a relative basis."
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OSK | Hot Stocks06:51 EDT Oshkosh raises quarterly dividend 11.1% to 30c per share
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BWXT | Hot Stocks06:49 EDT BWX Technologies says plans to produce medical radioisotope Germanium-68 - BWX Technologies announced that it plans to produce the medical radioisotope Germanium-68 (Ge-68) with a focus on addressing a growing global demand for the product. BWXT's isotope technologies group in Canada has developed proprietary manufacturing technology to produce high purity Ge-68 and is in the process of scaling up its capacity to move into full production in 2020 to address growing global customer demands. Ge-68 will be produced using cyclotrons at BWXT's Vancouver facility located on the TRIUMF site. TRIUMF, which is Canada's particle accelerator center, and BWXT's medical isotopes group have been working together to support medical isotope production for over 40 years. BWXT's Ge-68 product will be used in Gallium-68 (Ga-68) generators, a source of the diagnostic radioisotope Ga-68. Using specific disease-targeting molecules, Ga-68 provides diagnoses and enables treatment planning using positron emission tomography. Diagnostic applications for Ga-68 include prostate cancer and neuroendocrine tumors. In addition, a number of other therapeutic and Ga-68 imaging agents are in various stages of development and clinical trials that are expected to result in a further increase in demand for Ga-68.
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TGE | Hot Stocks06:49 EDT Tallgrass Energy reports Q3 adjusted EBITDA $263.8M - Reports Q3 net income $72.5M. Reports Q3 cash Available for Dividends of 75c per share, declared cividend of 55c per share, resulting in dividend coverage of 1.36x
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BKR | Hot Stocks06:48 EDT Baker Hughes CEO says 'firmly on the right path' - "We delivered a solid third quarter with strong growth in Turbomachinery and Oilfield Equipment orders, and continued margin improvement in our Oilfield Services business. Overall, we are very pleased with our execution as a team, and we believe Baker Hughes is firmly on the right path financially, operationally, and strategically," said Lorenzo Simonelli, Baker Hughes Chairman and CEO.
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BKR | Hot Stocks06:47 EDT Baker Hughes reports Q3 orders of $7.8B - Up 19% sequentially and up 35% year-over-year.
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EPZM | Hot Stocks06:45 EDT Epizyme reports positive pre-NDA meeting for tazemetostat in lymphoma - Epizyme announced recent tazemetostat program updates, including completing a pre-NDA meeting with the FDA for its tazemetostat program for follicular lymphoma and G9a program updates. During a recent pre-NDA meeting, Epizyme gained alignment with the FDA that the proposed data package is sufficient to support a submission for accelerated approval of tazemetostat as a monotherapy for relapsed or refractory FL patients, both with EZH2 activating mutations and wild-type EZH2, who have received at least two prior systemic therapies. Epizyme is on track to submit the NDA for this indication in December 2019. Epizyme gained alignment with FDA on a single confirmatory trial to support a submission for full approval. This global, randomized, adaptive trial will evaluate the combination of tazemetostat with "R2", an approved chemo-free treatment regimen, for FL patients in the second-line or later treatment setting. The trial is on track to begin in Q4.
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LHX | Hot Stocks06:42 EDT L3Harris Technologies CEO says 'off to a great start as a new company' - "L3Harris is off to a great start as a new company and delivered strong third quarter results with double-digit revenue growth and strong margin expansion, including the benefit of integration, and returned more than $900 million to shareholders in dividends and share repurchases," said William Brown, Chairman and CEO. "These results, together with strong first half combined performance, successful execution against our strategic priorities and solid backlog, give us confidence to raise EPS guidance for the year."
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AERI | Hot Stocks06:40 EDT Aerie Pharmaceuticals names David Hollander as Chief R&D Officer - Aerie Pharmaceuticals announced the appointment of David Hollander, M.D., M.B.A., as Chief Research & Development Officer, an executive officer position reporting to Vicente Anido, Jr., Ph.D., Aerie's Chairman and CEO. Dr. Hollander will commence his employment at Aerie on November 11 and will direct the company's preclinical and clinical research and development groups, as well as medical and professional affairs. He was most recently Chief Medical Officer, Senior Vice President at Ora, Inc.
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LHX | Hot Stocks06:35 EDT L3Harris Technologies sees FY19 operating cash flow ~ $1.95B - Sees FY19 operating cash flow of approximately $1.95B; adjusted free cash flow of approximately $2.35B (tightened from previous guidance of $2.24 B-$2.29B operating cash flow and $2.30B-$2.35B adjusted free cash flow)
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AXE | Hot Stocks06:28 EDT Anixter to be acquired by Clayton, Dubilier & Rice for $81.00 per share in cash - Anixter has entered into a definitive agreement with an affiliate of Clayton, Dubilier & Rice to be acquired in an all cash transaction valued at approximately $3.8B. The transaction will result in Anixter becoming a private company and is expected to close by the end of the first quarter of 2020. Under the terms of the merger agreement, CD&R-managed funds will acquire all of the outstanding shares of Anixter common stock for $81.00 per share in cash. This represents a premium of approximately 13% over Anixter's closing price on October 29, and a premium of approximately 27% over the 90-day volume-weighted average price of Anixter's common stock for the period ended October 29. It is anticipated that upon completion of the transaction, Bill Galvin, along with other members of Anixter's executive management team, will continue to lead the company. Anixter's Board of Directors has unanimously approved the agreement with CD&R and recommends that Anixter stockholders approve the proposed merger and merger agreement. Anixter expects to hold a Special Meeting of Stockholders to consider and vote on the proposed merger and merger agreement as soon as practicable after the mailing of the proxy statement to its stockholders. Under the terms of the merger agreement, Anixter may solicit superior proposals from third parties for a period of 40 calendar days continuing through December 9, 2019. In accordance with the merger agreement, Anixter's Board of Directors, with the assistance of its advisors, intends to solicit superior proposals during this period. In addition, Anixter may, at any time, subject to the provisions of the merger agreement, respond to unsolicited proposals that are reasonably likely to result in a superior proposal. Anixter advises that there can be no assurance that the solicitation process will result in an alternative transaction. To the extent that a superior proposal received prior to December 9, 2019 or, in certain circumstances, 10 days thereafter leads to the execution of a definitive agreement, Anixter would be obligated to pay a $45M break-up fee to CD&R. Anixter does not intend to disclose developments with respect to this solicitation process unless and until it determines it is appropriate to do so.
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AXE | Hot Stocks06:25 EDT Anixter to be acquired by Clayton, Dubilier & Rice for $81.00 per share in cash
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EIX | Hot Stocks06:25 EDT Edison International CEO says 'likely' equipment associated with Woolsey Fire - In his prepared earnings remarks, Edison International President and CEO Pedro Pizarro said Southern California Edison "believes it is likely that its equipment was associated with the ignition of the Woolsey Fire" that devastated southern California in late 2018.
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TRXC | Hot Stocks06:20 EDT TransEnterix intends to execute reverse stock split - TransEnterix has approved a proposal, to be submitted to stockholders for approval at a Special Meeting of Stockholders anticipated to be held on December 18, to authorize the board to effect a reverse stock split of the company's common stock. The reverse stock split proposal includes a proposed range between 1-for-10 and 1-for-40 shares of outstanding common stock. The final ratio will be determined by TransEnterix's board of directors after stockholder approval. In addition, if the reverse stock split selected is in the range of 1-for-20 to 1-for-30, the authorized common stock would be reduced to 500,000,000 shares, and if the range selected is greater than 1-for-30, the authorized common stock would be reduced to 250,000,000 shares. TransEnterix filed a preliminary proxy statement with the SEC.
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SUM | Hot Stocks06:20 EDT Summit Materials narrows FY19 adjusted EBITDA view to $440M-$460M - Summit narrowed its 2019 full year Adjusted EBITDA guidance to $440M-$460M from $430M-$470M.CEO Tom Hill continued, "Based on our performance year to date and anticipating normal weather conditions, we believe it makes sense to narrow our guidance range for the year." The company narrowed its guidance for 2019 capital expenditures to approximately $160M-$170M from $160M-$175M. The company reiterated its guidance to reduce its leverage ratio by year-end 2019.
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MUX | Hot Stocks06:17 EDT McEwen Mining sees 2020 65K.-70K gold ounces
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MUX | Hot Stocks06:17 EDT McEwen Mining sees Q4 production 42K-46K gold equivalent ounces
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CPRX | Hot Stocks06:16 EDT Catalyst Pharmaceuticals: CMS-001 Phase 3 study did not meet endpoints - Catalyst Pharmaceuticals announced top-line results from CMS-001, a Phase 3 study evaluating amifampridine phosphate for the symptomatic treatment of genetically confirmed Congenital Myasthenic Syndromes in adults and children aged 2 years and above. The company's lead product, Firdapse, is currently approved for the treatment of Lambert-Eaton Myasthenic Syndrome in adults, and amifampridine phosphate is being investigated for the treatment of CMS and other neuromuscular and neurological disease to support applications to FDA for these indications. CMS-001 is the first ever double-blind, placebo-controlled, clinical trial conducted in genetically confirmed CMS patients. In the trial, 20 subjects were enrolled and 16 randomized, in a 2 period, 2 treatment crossover study designed to evaluate the efficacy and safety of amifampridine phosphate in patients (aged 2 years and above) diagnosed with certain genetic subtypes of CMS. While individual patient improvements were observed in some patient sub-groups, the trial did not meet its primary endpoint of subject global impression or the secondary endpoint of muscle function measure across all tested subtypes. Due to the rarity of CMS, this trial took almost 4 years to recruit. "While we are disappointed that this trial did not reach its primary or secondary endpoints in the evaluated CMS patient subtypes, we are pleased with the new valuable clinical information that these results will provide to the medical and scientific communities as we work to develop FDA-approved treatment options for patients with this disease" said Patrick McEnany, Chairman and CEO of Catalyst Pharmaceuticals. "We also remain committed to developing FDA-approved treatment options for other rare neuromuscular disorders."
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GE | Hot Stocks06:13 EDT GE says 'still early' in multi-year transformation - Says "still early" in multi-year transformation, says 2020 and 2021 will be "meaningfully better."
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GE | Hot Stocks06:13 EDT General Electric says 2019 cost savings 'on track' - Comments from slides that will be presented on the Q3 earnings conference call.
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GE | Hot Stocks06:11 EDT General Electric reports Q3 Power revenue $3.93B vs. $5.52B last year - Reports Renewable Energy revenue $4.4B vs. $3.92B last year. Reports Aviation revenue $8.11B vs. $7.48B last year. Reports Healthcare revenue $4.92B vs. $4.71B last year.
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CPRX | Hot Stocks06:11 EDT Catalyst Pharmaceuticals: Phase 3 study of CMS-001 did not meet endpoints - Catalyst Pharmaceuticals announced top-line results from CMS-001, a Phase 3 study evaluating amifampridine phosphate for the symptomatic treatment of genetically confirmed Congenital Myasthenic Syndromes in adults and children aged 2 years and above. The company's lead product, Firdapse, is currently approved for the treatment of Lambert-Eaton Myasthenic Syndrome in adults, and amifampridine phosphate is being investigated for the treatment of CMS and other neuromuscular and neurological disease to support applications to FDA for these indications. CMS-001 is the first ever double-blind, placebo-controlled, clinical trial conducted in genetically confirmed CMS patients. In the trial, 20 subjects were enrolled and 16 randomized, in a 2 period, 2 treatment crossover study designed to evaluate the efficacy and safety of amifampridine phosphate in patients (aged 2 years and above) diagnosed with certain genetic subtypes of CMS. While individual patient improvements were observed in some patient sub-groups, the trial did not meet its primary endpoint of subject global impression or the secondary endpoint of muscle function measure across all tested subtypes. Due to the rarity of CMS, this trial took almost 4 years to recruit. "While we are disappointed that this trial did not reach its primary or secondary endpoints in the evaluated CMS patient subtypes, we are pleased with the new valuable clinical information that these results will provide to the medical and scientific communities as we work to develop FDA-approved treatment options for patients with this disease" said Patrick McEnany, Chairman and CEO of Catalyst Pharmaceuticals. "We also remain committed to developing FDA-approved treatment options for other rare neuromuscular disorders."
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GE | Hot Stocks06:07 EDT General Electric reports total orders of $22.5B in Q3, down 5% - GE Industrial profit margin was (2.1%); adjusted GE Industrial profit margin was 10%.
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GE | Hot Stocks06:06 EDT General Electric sees adjusted Industrial free cash flow in 'positive territory' - GE continues to expect adjusted Industrial free cash flow to be in positive territory in 2020 with further acceleration in 2021.
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SITE | Hot Stocks06:03 EDT SiteOne Landscape narrows adjusted EBITDA view to $197M-$203M from $193M-$207M
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FB | Hot Stocks06:02 EDT Facebook reaches agreement with U.K. regulator over suspected data misuse - In 2017 the Information Commissioner's Office commenced a formal investigation into the misuse of personal data in political campaigns. As part of that investigation, on October 24, 2018, the ICO issued a monetary penalty notice under section 55A of the Data Protection Act 1998 against Facebook Inc and Facebook Ireland Limited, in the sum of GBP 500,000. The MPN identified suspected failings related to compliance with the UK data protection principles covering lawful processing of data and data security. The ICO says: "An agreement has now been reached between the parties. As part of this agreement, Facebook and the ICO have agreed to withdraw their respective appeals. Facebook has agreed to pay the GBP 500,000 fine but has made no admission of liability in relation to the MPN. The fine is not kept by ICO but is paid to HM Treasury's consolidated fund. As is usually the case in such proceedings before the Tribunal, the ICO and Facebook will each pay their own legal costs of the proceedings. Further, the agreement enables Facebook to retain documents disclosed by the ICO during the appeal for other purposes, including furthering its own investigation into issues around Cambridge Analytica. Parts of this investigation had previously been put on hold at the ICO's direction and can now resume. The Commissioner considers that this agreement best serves the interests of all UK data subjects who are Facebook users. Both Facebook and the ICO are committed to continuing to work to ensure compliance with applicable data protection laws."
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HCHC | Hot Stocks05:52 EDT HC2 Holdings announces sale of Huawei Marine Networks JV - HC2 Holdings announced that its Marine Services Segment, Global Marine Group, or GMG, has agreed to a sale of its stake in Huawei Marine Networks Co., Limited, or HMN, its 49% joint venture with Huawei Technologies, to Hengtong Optic-Electric. The sale of GMG's interest values HMN at $285 million, and GMG's 49% stake at approximately $140M. Under the agreement, GMG will sell 30% of HMN to Hengtong at closing and retain a 19% interest in HMN under a two-year put option agreement at the greater of the same equity value or fair market value. Hengtong is also purchasing Huawei's full 51% stake and will own 81% of the joint venture upon the closing of both sales, and 100% upon the exercise of GMG's put option. Completion of the sale is expected during the first quarter of 2020, subject to customary closing conditions, with proceeds delivered to GMG at that time. After satisfaction of any pending obligations and in concert with any sale of Global Marine Systems Limited, HC2's share of the net proceeds from the HMN sale will be utilized to reduce debt at the HC2 holding company level.
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PCG | Hot Stocks05:43 EDT PG&E restores 73% of customers impacted on October 26 shutoff - Pacific Gas and Electric confirmed tonight that it has restored power to nearly three-quarters of the 973,000 customers impacted by the Oct. 26 Public Safety Power Shutoff, or PSPS. Also, in response to a third consecutive dry, offshore wind event, PG&E began turning power off for safety; a total of approximately 540,000 customers in portions of 27 counties are expected to be impacted. The sole intent of a PSPS is to prevent a catastrophic wildfire sparked by electrical equipment during extreme weather events.
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FCAU PUGOY | Hot Stocks05:42 EDT Fiat Chrysler confirms strategic transaction talks with Peugeot - Following recent reports on a possible business combination between Groupe PSA (PUGOY) and FCA Group, Fiat Chrysler Automobiles N.V. (FCAU), confirms there are ongoing discussions "aimed at creating one of the world's leading mobility Groups." FCA has nothing further to add at this time.
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VNE HMC | Hot Stocks05:39 EDT Veoneer to divest Japan, China operations of brake system JV - Veoneer (VNE) has signed agreements to sell its 51% ownership in the Japanese,VNBJ, and Chinese, VNBZ, entities that comprise Veoneer Nissin Brake Systems, or VNBS, to its joint venture partner Nissin-Kogyo Co., Ltd. and Honda Motor Co. (HMC). Upon the completion of the transactions under the Definitive Agreements, the VNBS joint venture will be terminated. This is the next step in the strategic review of Veoneer's brake systems business first announced in early 2019. On June 17, Veoneer announced that it had signed a binding agreement to acquire Nissin Kogyo's interests in the US operations of VNBS. The transaction closed on June 28, after which Veoneer owns 100% of such U.S. operations. The termination of the VNBS joint venture and the divestiture of the Japanese and Chinese entities are part of Veoneer's previously announced market adjustment initiatives which are aimed at focusing Veoneer on its core businesses and providing an effective cost structure to address the current market and business situation in the company. The purchase price is around $176M. In connection with the transactions, Veoneer will be repaid an outstanding loan of approximately $20M and receive a special dividend of approximately $5M for a total cash impact of around $200M. The divestiture is structured as two separate transactions, subject to the satisfaction or waiver of customary closing conditions, including approvals necessary under the Japanese and Chinese competition laws.
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RHHBY | Hot Stocks05:35 EDT Genentech announces FDA acceptance of BLA for satralizumab - Genentech, a member of the Roche Group, announced that the FDA has accepted the company's Biologics License Application, or BLA, for satralizumab for the treatment of adults and adolescents with neuromyelitis optica spectrum disorder, or NMOSD. The European Medicines Agency, or EMA, has also validated the company's Marketing Authorization Application, or MAA, for satralizumab, granting it Accelerated Assessment. The FDA decision and the EMA's Committee for Medicinal Products for Human Use, or CHMP, recommendation are expected in 2020.
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BA | Hot Stocks05:20 EDT Boeing, Air Premia announce commitment for five 767 Dreamliner jets - Boeing and Air Premia today announced the Korean startup airline plans to buy five 787-9 Dreamliner airplanes, following an agreement to lease three 787-9 jets from Air Lease earlier this year. Air Premia, which plans to launch operations in 2020 is poised to become South Korea's second Dreamliner operator. The commitment, valued at $1.4B at list prices, will be reflected on Boeing's Orders & Deliveries website when it is finalized.
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SSKN | Hot Stocks05:19 EDT Strata Skin Sciences receives extension to stay of suspension from Nasdaq - Strata Skin Sciences announced that it has been granted an extension to its stay of suspension from Nasdaq. The company will continue to trade pending a hearing on November 21, following which the Nasdaq Hearings Panel will make a decision about the company's listing based on its full and complete record at that time. To be in full compliance with the Nasdaq listing requirements, the company must be current with its Annual and Quarterly Reports on Forms 10-K and 10-Q, respectively, with the SEC. As part of gaining compliance with the listing requirements, the company filed its Annual Report on Form 10-K for the year ended December 31, 2018 on October 29, 2019. Additionally, it projects to file its Quarterly Report on Form 10-Q for the first quarter of fiscal 2019 during the week of November 4 and its Form 10-Q for the second quarter of fiscal 2019 during the week of November 11. It further anticipates, based on timeline discussed with its auditors, that the company will be timely in filing the Quarterly Report on Form 10-Q for the third quarter of fiscal 2019 on November 14. Should the company file in this manner, the company anticipates filing an amendment to its 2018 Annual Report on Form 10-K/A after the filing of the second quarter 10-Q in order to file certain consents by its independent audit firms regarding certain existing registration statements. In doing so, the company believes it will be in full compliance with this NASDAQ listing requirement ahead of the November 21 hearing. Finally, on October 15, the company received a waiver from Midcap Financial Trust as administrative agent for the lenders who are party to the Credit and Security Agreement, dated December 30, 2015, as amended, wherein the Lenders waived compliance with the company's obligation to deliver audited financial statements within 120 days of the company's year-end pursuant to the Credit Agreement. Upon filing of the 10-K today, the company delivered the required audited financial statements to Midcap, and the company is now in compliance with the Credit Agreement covenants.
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FFIV | Hot Stocks05:14 EDT F5 Networks enters partnership with Rakuten Mobile - F5 Networks announced that it has partnered with Rakuten Mobile, the mobile network subsidiary of Rakuten Group, to support the company's October launch of the world's first fully virtualized, cloud-native mobile network and its future deployment of 5G. The carrier will leverage F5's network functions virtualization, or NFV, capabilities to optimize its new mobile network and accelerate its path to 5G services in 2020. Through this partnership, Rakuten Mobile, Inc. is collaborating with F5 to scale and evolve their cloud-native network design architecture to increase scalability and flexibility without sacrificing control. F5 has provided a full-suite N6/SGi-LAN solution consisting of virtualized CGNAT, SGi Firewall, DNS Transparent Cache, and IP Traffic Optimization Functions to deliver enhanced Mobile Broadband services.
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AMAG | Hot Stocks05:04 EDT Nine FDA panel members voted to pursue withdrawal of Makena approval - AMAG Pharmaceuticals announced the Food and Drug Administration's Bone, Reproductive and Urologic Drugs Advisory Committee met to interpret the Prolong confirmatory clinical trial for Makena, a treatment approved to reduce preterm birth in pregnant women who have had a prior spontaneous preterm birth. "While the committee discussed multiple questions, in a mixed vote on the key question, nine advisory committee members voted to recommend that the FDA pursue withdrawal of approval for Makena and seven committee members voted to leave the product on the market under accelerated approval and require a new confirmatory trial," Amag said in a statement. Among the clinicians on the advisory committee, five of the six who practice obstetrics voted to keep Makena on the market and generate more data. Amag "agrees with several committee members who voiced concern that withdrawal of Makena would leave providers with no safe treatment options for pregnant women. The advisory committee's recommendation, while not binding, will be considered by the FDA in making its decision," the company added. "We are disappointed with the nearly split vote on this key question and we are committed to working with the FDA to identify feasible ways to generate additional efficacy data on Makena while retaining current access to the therapy for at-risk pregnant women," said Julie Krop, chief medical officer at Amag. "Preterm birth is an urgent public health crisis and the implications of leaving pregnant women and providers without access to therapy that is manufactured in a safe and regulated way is profoundly troubling. For more than a decade, healthcare providers have relied on hydroxyprogesterone caproate to reduce preterm delivery in high-risk patients, which aligns with recently updated treatment recommendations of the American College of Obstetricians and Gynecologists, as well as the Society for Maternal-Fetal Medicine."
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