| 2019-01-02 07:35:57 TSLA Tesla
01/02/19 01/0207:35 01/02/1907:35 | Nomura expects opportunity to buy Tesla shares at lower levelsIn a research note titled "Mind the Gap Overseas," Nomura Instinet analyst Romit Shah keeps a Neutral rating on Tesla with a $300 price target. The stock closed Monday down $1.07 to $332.80. The analyst remains constructive on Tesla longer term but thinks there will be an opportunity to accumulate shares at a better price. He expects Tesla will report Q4 deliveries this week with Model 3 volumes in the low- to mid-60,000 range, approximately in line with consensus. More importantly, Q4 deliveries "are likely to be as good as it gets" for the next one-to-two quarters due to an in-transit lag with Europe, U.S. federal tax credit phase-out, lower U.S. Model 3 backlog and macroeconomic weakness, Shah tells investors. | |
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Periodicals
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Stock might remain grounded as Boeing 737 MAX flies again, Barron's says »
09:44 11/21/20 11/2109:44 11/21/2009:44
BA
Boeing
The return of… The return of Boeing's 737 MAX was supposed to bring clarity for investors, and yet it has done anything but, Al Root writes in this week's edition of Barron's. There are certainly tough days ahead for Boeing, with air-travel demand still a fraction of what it was prepandemic, and Boeing's net debt ballooning to about $34B from $8B before the second crash, the author notes. Cash flow and profit margins will be affected by the MAX mess for years. But a lot of bad news is already reflected in the shares, the publication adds. Reference Link ShowHide Related Items >><<
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Periodicals
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Citizens Financial, Truist among regional bank stocks to grab, Barron's says »
09:38 11/21/20 11/2109:38 11/21/2009:38
HBAN
Huntington Bancshares
Fifth Third
Citizens Financial
Synovus
Truist Financial
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Periodicals
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Plug Power soared this year, Walmart/Amazon could benefit too, Barron's says »
09:32 11/21/20 11/2109:32 11/21/2009:32
PLUG
Plug Power
Walmart
Amazon.com
One of this year's… One of this year's stock market standouts has been Plug Power (PLUG), a pioneer of clean-energy power supplies for forklifts and other traditional gas guzzlers, with its stock soaring sixfold in 2020, Bill Alpert writes in this week's edition of Barron's. The enthusiasm for Plug is part of investors' welcome willingness to put money on green-energy physics for global warming, including electric vehicles, hydrogen power, and the fuel cells made by Plug, the author notes. Its fuel cells are plug-compatible with existing forklifts, making them easier to adopt for Walmart (WMT) and Amazon.com (AMZN)-the customers that accounted for two-thirds of Plug's sales in 2018 and half in 2019, the publication adds, pointing out that Amazon and Walmart reaped another green benefit from patronizing Plug as they got paid to buy its products. Reference Link ShowHide Related Items >><<
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Periodicals
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Time to buy Simon Property stock, Barron's says »
09:21 11/21/20 11/2109:21 11/21/2009:21
SPG
Simon Property
With coronavirus cases… Story temporarily locked. ShowHide Related Items >><<
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On The Fly
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Week in review: How Trump's policies moved stocks »
09:03 11/21/20 11/2109:03 11/21/2009:03
REGN
Regeneron
Roche
Infineon
AstraZeneca
Bristol-Myers
Eli Lilly
GlaxoSmithKline
Johnson & Johnson
Merck
Novartis
Pfizer
Sanofi
Catch up on the top… ShowHide Related Items >><<
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Hot Stocks
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Rockwell Automation's Fooks sells 7,000 common shares »
18:16 11/20/20 11/2018:16 11/20/2018:16
ROK
Rockwell Automation
In a regulatory filing,… In a regulatory filing, Rockwell Automation senior VP Elik I. Fooks disclosed the sale of 7,000 common shares of the company on November 19 at a price of $246.0321 per share. ShowHide Related Items >><<
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Hot Stocks
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Eiger BioPharmaceuticals trading resumes
18:16 11/20/20 11/2018:16 11/20/2018:16
EIGR
Eiger BioPharmaceuticals
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Eiger BioPharmaceuticals gets FDA approval of Zokinvy for HGPS treatment »
17:55 11/20/20 11/2017:55 11/20/2017:55
EIGR
Eiger BioPharmaceuticals
The company states:… The company states: "Eiger BioPharmaceuticals announced that the FDA has approved Zokinvy for the treatment of Hutchinson-Gilford Progeria Syndrome, or HGPS, and processing-deficient Progeroid Laminopathies, or PL. Progeria and Progeroid Laminopathies are separate and distinct ultra-rare, genetic, premature aging diseases that accelerate mortality in young patients. Disease manifestations include growth failure, loss of body fat and hair, aged-looking skin, stiffness of joints, hip dislocation, generalized atherosclerosis, cardiovascular disease and stroke. Zokinvy is a disease-modifying agent that has demonstrated a statistically significant survival benefit in children and young adults with Progeria. In patients with Progeria, Zokinvy reduced the incidence of mortality by 60% and increased average survival time by 2.5 years. The most commonly reported adverse reactions were gastrointestinal, and most were mild or moderate in severity. Many Progeria patients have received continuous Zokinvy therapy for more than 10 years." ShowHide Related Items >><<
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Medley Capital board approves internalized management structure »
17:42 11/20/20 11/2017:42 11/20/2017:42
MCC
Medley Capital
The board of Medley… The board of Medley Capital approved adoption of an internalized management structure effective January 1, 2021. The new management structure will replace the current investment management and administration agreements with MCC Advisors, which expire on December 31. To lead the internalized management team, the board approved the appointment of David Lorber, who has served as an independent director of the company since April 2019, as interim CEO and Ellida McMillan as CFO of the company, each effective January 1, 2021. Lorber and McMillan are in the process of assembling the internalized management team, that will be responsible for the day-to-day management and operations of the company, under the oversight of the board. The company has thus far engaged a senior investment professional with credit experience to serve as the lead portfolio strategist, who will work closely with Lorber. The company is in the process of retaining Alaric Compliance Services, an officer of which would serve as the company's chief compliance officer. The new structure is expected to lead to reduced operating costs and expenses for the company in 2021, although there can be no assurance of the anticipated savings. Lorber, is a co-founder of FrontFour Capital Group, an investment adviser, and has served as a portfolio manager for the firm since January 2007. McMillan, served as CFO and COO of Alcentra Capital. ShowHide Related Items >><<
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Hot Stocks
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Manchester United confirms club experienced cyberattack on its systems »
17:35 11/20/20 11/2017:35 11/20/2017:35
MANU
Manchester United
Manchester United can… Manchester United can confirm that the club has experienced a cyber attack on its systems. The club has taken swift actions to contain the attack and is currently working with expert advisers to investigate the incident and minimize the ongoing IT disruption. Although this is a sophisticated operation by organized cyber criminals, the club has extensive protocols and procedures in place for such an event and had rehearsed for this risk. "Our cyber defenses identified the attack and shut down affected systems to contain the damage and protect data," the company said. "Club media channels, including our website and mobile app, are unaffected and we are not currently aware of any breach of personal data associated with our fans or customers. All critical systems required for matches to take place at Old Trafford remain secure and operational and tomorrow's game against West Bromwich Albion will go ahead." ShowHide Related Items >><<
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Hot Stocks
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Sysco awarded $136.23M Defense Logistics Agency contract »
17:28 11/20/20 11/2017:28 11/20/2017:28
SYY
Sysco
Sysco has been awarded a… Sysco has been awarded a maximum $136.23M fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract for full-line food distribution. This was a competitive acquisition with two responses received. This is a four-year contract with no option periods. Location of performance is Alabama, with a November 23, 2024, ordering period end date. Using customers are Air Force, Army, Marine Corps, Coast Guard and federal civilian agencies. Type of appropriation is FY20 through 2025 defense working capital funds. The contracting agency is the Defense Logistics Agency Troop Support. ShowHide Related Items >><<
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Hot Stocks
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Avalara CEO sells 55K shares of common stock »
17:26 11/20/20 11/2017:26 11/20/2017:26
AVLR
Avalara
In a regulatory filing,… In a regulatory filing, Avalara disclosed that its CEO Scott McFarlane sold 55K shares of common stock on November 18th in a total transaction size of $8.82M. The holding represents about 7% of his total owned. ShowHide Related Items >><<
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Hot Stocks
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Alaska Air, JetBlue awarded contracts on $697M Transportation Command program »
17:23 11/20/20 11/2017:23 11/20/2017:23
ALK
Alaska Air
JetBlue
Alaska Air (ALK), JetBlue… Alaska Air (ALK), JetBlue (JBLU) and others have been awarded firm-fixed-price contracts under the Domestic Airlift Charter Services, Federal Aviation Administration Part 121, indefinite-delivery/indefinite-quantity, fixed-price contract, at estimated program value of $697M. These funds were obligated on individual task orders issued among 16 contracts. The program initially began in October 2018. The contracts provide domestic air cargo and passenger charter services. Services shall be provided for the Department of Defense and other federal government agencies. Work will be performed within the continental U.S., all U.S. territories, Mexico, Canada and the Caribbean Islands. Period of performance is from November 20 to September 30, 2023. Ordering is decentralized and will be determined at the task order level. The U.S. Transportation Command is the contracting activity. ShowHide Related Items >><<
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Syndicate
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Westwater Resources files $150M mixed securities shelf
17:22 11/20/20 11/2017:22 11/20/2017:22
WWR
Westwater Resources
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Mannatech declares $1.00 per share special dividend »
17:21 11/20/20 11/2017:21 11/20/2017:21
MTEX
Mannatech
Mannatech announced that… Mannatech announced that its board declared a cash dividend of $1.16 per share of common stock, payable on Wednesday, December 30, to shareholders of record at the close of business on Wednesday, December 16. This dividend combines the quarterly dividend amount of 16c per share with a special dividend amount of $1.00 per share. ShowHide Related Items >><<
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Hot Stocks
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FDA sets Dec 10 meeting to discuss EUA for Pfizer COVID-19 vaccine candidate »
17:19 11/20/20 11/2017:19 11/20/2017:19
PFE
Pfizer
BioNTech
The U.S. Food and Drug… The U.S. Food and Drug Administration has scheduled a meeting of its Vaccines and Related Biological Products Advisory Committee on Dec. 10 to discuss the request for emergency use authorization of a COVID-19 vaccine from Pfizer (PFE) in partnership with BioNTech Manufacturing (BNTX). "The FDA recognizes that transparency and dialogue are critical for the public to have confidence in COVID-19 vaccines. I want to assure the American people that the FDA's process and evaluation of the data for a potential COVID-19 vaccine will be as open and transparent as possible," said FDA Commissioner Stephen M. Hahn, M.D. "The FDA has been preparing for the review of EUAs for COVID-19 vaccines for several months and stands ready to do so as soon as an EUA request is submitted. While we cannot predict how long the FDA's review will take, the FDA will review the request as expeditiously as possible, while still doing so in a thorough and science-based manner, so that we can help make available a vaccine that the American people deserve as soon as possible. A discussion about the safety and effectiveness of Pfizer and BioNTech's vaccine with this committee, made up of outside scientific and public health experts from around the country, will help ensure clear public understanding of the scientific data and information that the FDA will evaluate in order to make a decision about whether to authorize a vaccine for emergency use for the prevention of COVID-19." ShowHide Related Items >><<
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Recommendations
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Hibbett Sports price target raised to $48 from $35 at Baird »
17:11 11/20/20 11/2017:11 11/20/2017:11
HIBB
Hibbett Sports
Baird analyst Peter… Baird analyst Peter Benedict raised the firm's price target on Hibbett Sports to $48 from $35 and keeps a Neutral rating on the shares. The company's Q3 marked a "blowout performance" with "broad-based" comp strength in digital and store channels and also robust flow-through with EBIT margin expanion of over 700bps, the analyst tells investors in a research note. Benedict further cites the management's commentary about Hibbett's new member acquisition and retention, as well as the company's "discrete opportunities to capture market share from struggling industry players". ShowHide Related Items >><<
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Periodicals
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FDA AdCom to discuss Pfizer's COVID vaccine on December 10, Bloomberg says
17:03 11/20/20 11/2017:03 11/20/2017:03
PFE
Pfizer
BioNTech
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Syndicate
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Ideal Power files $25M mixed securities shelf
17:03 11/20/20 11/2017:03 11/20/2017:03
IPWR
Ideal Power
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United Bankshares raises annual dividend 2% to $1.40 per share »
17:01 11/20/20 11/2017:01 11/20/2017:01
UBSI
United Bankshares
United Bankshares… United Bankshares announced its board of directors declared a fourth quarter dividend of 35c per share for shareholders of record as of December 11, 2020. Dividends per share of $1.40 for the year 2020 represents a 2% increase over the $1.37 per share paid for the year of 2019. The dividend is payable January 4, 2021. ShowHide Related Items >><<
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OneMain chairman Levine sells 15,724 common shares »
16:58 11/20/20 11/2016:58 11/20/2016:58
OMF
OneMain Holdings
In a regulatory filing,… In a regulatory filing, OneMain Holdings chairman Jay N. Levine disclosed the sale of 15,724 common shares of the company on November 18 at a price of $40.329 per share. ShowHide Related Items >><<
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Conference/Events
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Green Thumb Industries participates in a conference call with Benchmark »
16:58 11/20/20 11/2016:58 11/20/2016:58
GTBIF
Green Thumb Industries
Entertainment, Software… Entertainment, Software & Cannabis Analyst Hickey holds a conference call with management on November 24 at 12 pm hosted by Benchmark. ShowHide Related Items >><<
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Hot Stocks
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Eiger BioPharmaceuticals trading halted, news pending
16:53 11/20/20 11/2016:53 11/20/2016:53
EIGR
Eiger BioPharmaceuticals
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Trump to sign orders in effort to cut prescription drug prices »
16:52 11/20/20 11/2016:52 11/20/2016:52
JNJ
Johnson & Johnson
Eli Lilly
Merck
Pfizer
Sanofi
AstraZeneca
GlaxoSmithKline
Novartis
Roche
Bristol-Myers
U.S. President Donald… U.S. President Donald Trump announced that his administration is issuing two rules to "very dramatically" lower the price of prescription drugs for the American people, especially for seniors. The first action will be to prevent middlemen from "ripping off" Medicare patients with high prescription prices. The second action the administration is finalizing will " transform the way the U.S. government pays for drugs to end global freeloading on the backs of American citizens and American patients," the president said. "Medicare will now look at the price that other developed nations pay for their drugs," Trump added. "And instead of paying the highest price on that list - and we are substantially higher than any other country in the world - we will pay the lowest price. In other words, we take the lowest price, and we match whatever the lowest price is, leading to colossal savings for all Americans. And we're talking about savings of 50, 60, 70 percent, 80 percent - different drugs, different prices." Trump also announced that the White House is ending the Unapproved Drugs Initiative program to put a stop to the "unfair" practice of allowing drug companies to identify certain older generic drugs that have been widely available for decades and exploit a misguided program called "Unapproved Drugs Initiative" to obtain market exclusivity on these medicines. Publicly traded companies in the space include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Pfizer (PFE), Roche (RHHBY) and Sanofi (SNY). Reference Link ShowHide Related Items >><<
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First Horizon announces parent company name change »
16:44 11/20/20 11/2016:44 11/20/2016:44
FHN
First Horizon
First Horizon National… First Horizon National Corp. the parent company of First Horizon Bank, announced that it would simplify its corporate name to First Horizon Corporation, effective on Monday November 30, 2020. "With the IBERIABANK merger of equals completed, we now have more closely aligned our holding company name with our First Horizon brand," said President and Chief Executive Officer Bryan Jordan. ShowHide Related Items >><<
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