Stockwinners Market Radar for February 15, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

PDAC...

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20:10 EST Fly Intel: Top five weekend stock stories - Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Li-Cycle, a recycler of lithium-ion batteries, is nearing a deal to go public through a merger with blank-check acquisition company Peridot Acquisition (PDAC) at a valuation of about $1.7B, Reuters' Joshua Franklin reported, citing people familiar with the matter. The deal could be announced as early as Tuesday, the sources said. 2. The World Health Organization listed two versions of the AstraZeneca (AZN)/Oxford COVID-19 vaccine for emergency use, giving the green light for these vaccines to be rolled out globally through COVAX. The vaccines are produced by AstraZeneca-SKBio and the Serum Institute of India. 3. Hologic (HOLX) is a COVID-19 beneficiary but is also a business that should benefit as life returns to normal, Evie Lu wrote in this week's edition of Barron's. The company, which provides molecular diagnostic equipment for COVID-19 PCR tests, has seen sales in its diagnostics division grow to $1.1B during the fiscal first quarter that ended in December 2020, up from $312M in the same quarter of 2019, while earnings quadrupled, but the market seems reluctant to give Hologic credit for that growth, the author noted. For investors, Hologic looks like a bargain waiting to be snapped up, Lu contended. 4. Volkswagen (VWAGY) Chief Executive Officer Herbert Diess sees Apple's (AAPL) plan to enter the auto industry as "a very logical step" as the iPhone maker combines its expertise in software, batteries and design with enormous resources, according to, Bloomberg's Jan-Patrick Barnert reported. "Despite that, we're not scared," Diess said in an interview with Frankfurter Allgemeine Sonntagszeitung. The car sector is different from the technology industry, and Apple "won't manage to take it over overnight." Meanwhile, Financial Times' Kana Inagaki, Peter Campbell, and Patrick McGee reported that Apple approached Nissan (NSANY) in recent months about a tie-up for its secretive autonomous car project, but talks are no longer active. 5. Corning (GLW), Coty (COTY) and Royal Dutch Shell (RDS.A, RDS.B) saw positive mentions in this week's edition of Barron's.
OLN

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18:27 EST Olin declares quarterly dividend of 20c per share - Olin's Board of Directors declared a quarterly dividend of 20c on each share of Olin common stock. The dividend is payable on March 10, 2021 to shareholders of record at the close of business on March 2, 2021. This marks the company's 377th consecutive quarterly dividend.
FTI

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16:23 EST TechnipFMC completes separation of two independent, publicly traded companies - TechnipFMC has announced the completion of its spinoff transaction to create two independent, publicly traded companies, TechnipFMC and Technip Energies. Technip Energies announced the appointment of a new member of its Board of Directors, Simon Eyers, effective February 16, 2021.
AZN

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15:48 EST WHO lists two versions of AstraZeneca COVID vaccine for emergency use - The World Health Organization listed two versions of the AstraZeneca/Oxford COVID-19 vaccine for emergency use, giving the green light for these vaccines to be rolled out globally through COVAX. The vaccines are produced by AstraZeneca-SKBio and the Serum Institute of India. WHO's Emergency Use Listing assesses the quality, safety and efficacy of COVID-19 vaccines and is a prerequisite for COVAX Facility vaccine supply. It also allows countries to expedite their own regulatory approval to import and administer COVID-19 vaccines. In the case of the two AstraZeneca/Oxford vaccines, WHO assessed the quality, safety and efficacy data, risk management plans and programmatic suitability, such as cold chain requirements. The process took under four weeks. The AstraZeneca/Oxford product is a viral vectored vaccine called ChAdOx1-S. It is being produced at several manufacturing sites, as well as in the Republic of Korea and India. ChAdOx1-S has been found to have 63.09% efficacy and is suitable for low- and middle-income countries due to easy storage requirements.Reference Link
VZ

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13:44 EST Verizon agrees to acquire autonomous mobile robot software company, incubed IT - Verizon announced it has entered into a definitive agreement to acquire incubed IT, the creator of a software platform providing autonomous navigation tools to administer, manage and optimize mixed fleets of robots in industrial settings. "Upon closing and as Verizon continues to expand its 5G coverage, capacity, and mobile edge compute capabilities, incubed IT's autonomous software will enable enterprise customers to gain new efficiencies as they scale their autonomous mobile robot fleets," the company stated. Rima Qureshi, Chief Strategy Officer at Verizon, added: "This acquisition further demonstrates Verizon's commitment to developing new and innovative businesses and use cases leveraging the power of 5G. Mobile robot orchestration is a real and emerging challenge faced by enterprises today. By integrating incubed IT's autonomous software with Verizon's 5G platform, we will have the ability to power robotic automation at scale. This will create new opportunities for enterprise customers to better and more effectively monitor and optimize their business processes." The transaction is subject to customary closing conditions and is expected to close in the first half of 2021.
ACN

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10:19 EST Accenture acquires independent SAP partner Edenhouse - Accenture has acquired Edenhouse, a U.K.-based independent SAP partner. Terms of the acquisition were not disclosed. The company said, "The acquisition will scale Accenture's capabilities in the U.K. to address accelerated demand for SAP's cloud-based solutions. Edenhouse's team of 220 professionals will join Accenture's SAP Business Group in the U.K. to support the local business while benefiting from access to global resources and skills."
BYD

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09:38 EST Boyd Gaming announces launch of digital wallet product - Boyd Gaming and Aristocrat Technologies announced the launch of "BoydPay," Boyd Gaming's new digital wallet product. Through BoydPay, Boyd Gaming customers "will have the ability to create a cashless digital wallet that can be conveniently linked to third-party funding sources driven by Sightline Payments." BoydPay is now live at Blue Chip Casino Resort Spa in Michigan City, Indiana, Belterra Park in Cincinnati, Ohio, and in field trial at Aliante Casino + Hotel + Spa in North Las Vegas, Nevada.
TEF WIT

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09:36 EST Wipro announces five-year strategic partnership with Telefonica Germany - Wipro Limited (WIT) announced a five-year strategic partnership with Telefonica Germany (TEF) / O2, a provider of mobile telecommunications, broadband and landline in Germany. As a part of this contract, Wipro will work with Telefonica Germany / O2 "to transform its Business Support Systems and associated Quality Assurance to enable superior customer experience and growth in the B2B market segment."
VEC

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09:34 EST Vectrus awarded prime contract for Department of Defense Naval Base Coronado - Vectrus Systems Corporation, a wholly-owned subsidiary of Vectrus, announced that it was awarded a prime contract for the Naval Base Coronado 5G Smart Warehouse to provide inventory management, network security, robotic material moving, and environmental sensing capabilities. The objective of the Naval Base Coronado 5G Smart Warehouse project is to "develop a 5G-enabled Smart Warehouse focused on transshipment between shore facilities and naval units, to increase the efficiency and fidelity of naval logistic operations, including identification, recording, organization, storage, retrieval, and transportation of materiel and supplies," the company said. Vectrus' support at Naval Base Coronado is part of the Department of Defense's $600M roject for 5G experimentation and testing at five U.S. military test sites.
ODFL

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09:32 EST Old Dominion announces 4.9% general rate increase - Old Dominion Freight Line announced a general rate increase of 4.9% applicable to rates established under the existing ODFL 559, 670, and 550 tariffs effective March 1, 2021. Todd Polen, Old Dominion's Vice President - Pricing Services, commented, "At Old Dominion, we are committed to delivering our premium value proposition of on-time, claims-free service at a fair price. To satisfy our customers' expectations and deliver on the promises we have made, we must continue to enhance our high-quality service network and systems. This GRI will affect our class tariffs and is intended to partially offset the rising costs of real estate, new equipment, technology investments, and competitive employee wage and benefit packages. Although the GRI will impact each customer differently based on specific shipment lanes and distance traveled, it is consistent with our long-term yield management philosophy and the overall impact of the increase is anticipated to be approximately 4.9 percent. The GRI also provides for a nominal increase in minimum charges with respect to intrastate, interstate and cross border lanes."
CABO

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09:31 EST Cable One acquires rest of Hargray Communications at $2.2B enterprise value - Cable One announced it has entered into a definitive agreement to acquire the equity interests in Hargray Acquisition Holdings that it does not already own. The equity interests to be acquired by Cable One represent approximately 85% of Hargray on a fully diluted basis. Cable One has been a minority investor in Hargray since October 1, 2020, when the company contributed its system serving Anniston, Alabama and surrounding areas to Hargray in exchange for equity interests representing approximately 15% of Hargray on a fully diluted basis. The transaction, which implies a $2.2B total enterprise value for 100% of the equity interests of Hargray on a debt-free and cash-free basis, will expand Cable One's presence into the Southeastern U.S. "and enable Cable One to capitalize on Hargray's experience and expertise in fiber expansion." Hargray is a facilities-based regional communications provider serving residential and business customers in 14 markets across Alabama, Florida, Georgia, and South Carolina. Hargray generated approximately $128M in adjusted EBITDA on an annualized basis for the quarter ended December 31, 2020. Cable One expects to realize approximately $45M in estimated annual run-rate synergies within three years of closing the transaction. Cable One intends to finance the transaction with a combination of existing cash resources, revolving credit facility capacity, and proceeds from new indebtedness and/or equity capital. Cable One has received $900M of definitive bridge loan commitments from J.P. Morgan and Credit Suisse to finance a portion of the purchase price. The transaction is expected to be completed during Q2 of 2021.
BWA

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09:27 EST BorgWarner acquires German battery maker Akasol for EUR 754M - BorgWarner and Akasol announced that they have signed a business combination agreement. As part of the agreement, a wholly-owned subsidiary of BorgWarner will launch a voluntary public takeover offer at EUR 120.00 per share in cash for all outstanding shares of Akasol. Holders of approximately 59% of Akasol's outstanding shares have committed through irrevocable undertakings to accept the offer with respect to their shares. The offer represents a premium of approximately 23% to Akasol's three-month volume-weighted average share price prior to announcement and values Akasol at a total enterprise value of approximately EUR 754M, which includes the assumption of EUR 27M of net debt. Headquartered in Darmstadt, Germany, Akasol designs and manufactures customizable battery packs for use in buses, commercial vehicles, rail vehicles and industrial vehicles, as well as in ships and boats. BorgWarner believes the acquisition "would significantly strengthen its commercial vehicle and off-highway battery systems business as it continues to execute its electrification strategy." The offer, which has been unanimously approved by the BorgWarner board and the Akasol supervisory board, is expected to be completed late in Q2 of 2021. The acceptance period under the offer is expected to commence by the end of March. BorgWarner currently anticipates that the transaction will be funded primarily with existing cash balances and potentially some incremental debt. For the purpose of satisfying German "Cash Confirmation" requirements, BorgWarner intends to secure a $900M, 364-day undrawn credit facility.
AVY

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09:19 EST Avery Dennison acquires JDC Solutions for $24M - Avery Dennison has agreed to acquire JDC Solutions, a privately owned manufacturer of pressure-sensitive specialty tapes headquartered in Mount Juliet, Tennessee, for the purchase price of $24M. JDC employs approximately 75 employees located at its headquarters and manufacturing site in Tennessee, with approximately $30M in annual revenue. Upon completion of the acquisition, JDC's manufacturing operations, workforce and product portfolio will become part of Avery Dennison's Performance Tapes North America business. The acquisition is expected to close in Q1.