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PRVB

Provention Bio

$2.38 /

-0.02 (-0.83%)

16:08
03/19/19
03/19
16:08
03/19/19
16:08

Provention Bio reports Q4 EPS (15c), consensus (19c)

As of December 31, 2018, Provention had cash and cash equivalents of $58.5M. Provention expects to invest in the following key activities in 2019: the Phase 3 PROTECT study of PRV-031, the continued development of PRV-101, the completion of the PULSE and PRINCE studies, as well as the advancement of other pipeline programs. As a result of these activities, Provention expects its operating cash expenses to be in the range of $35M-$45M for 2019. Q4 net loss is primarily attributable to an increase in research and development costs of $1.9M associated with the clinical development of PRV-6527 and PRV-300, the development of PRV-101, and costs for PRV-031, as well as an increase in general and administrative cost of $600,000.

PRVB Provention Bio
$2.38 /

-0.02 (-0.83%)

02/22/19 SVB Leerink
Provention Bio initiated with an Outperform at SVB Leerink
01/18/19 H.C. Wainwright
Provention Bio initiated with a Buy at H.C. Wainwright

TODAY'S FREE FLY STORIES

Hot Stocks
Buffett 'almost certain' stocks will beat bonds if current rates, taxes hold » 14:21
02/22/20
02/22
14:21
02/22/20
14:21
BRK.B

Berkshire Hathaway

$229.25 /

+1.015 (+0.44%)

, BRK.A

Berkshire Hathaway

$343,750.00 /

+1326 (+0.39%)

, SPY

SPDR S&P 500 ETF Trust

$333.48 /

-3.49 (-1.04%)

, SPX

S&P 500

$0.00 /

+ (+0.00%)

Warren Buffet said in his…

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Buffett's Berkshire spent $5B buying back own shares in 2019 » 14:19
02/22/20
02/22
14:19
02/22/20
14:19
BRK.B

Berkshire Hathaway

$229.25 /

+1.015 (+0.44%)

, BRK.A

Berkshire Hathaway

$343,750.00 /

+1326 (+0.39%)

Warren Buffet said in his…

Warren Buffet said in his annual letter to shareholders, "In past reports, we've discussed both the sense and nonsense of stock repurchases. Our thinking, boiled down: Berkshire will buy back its stock only if a) Charlie and I believe that it is selling for less than it is worth and b) the company, upon completing the repurchase, is left with ample cash. Calculations of intrinsic value are far from precise. Consequently, neither of us feels any urgency to buy an estimated $1 of value for a very real 95 cents. In 2019, the Berkshire price/value equation was modestly favorable at times, and we spent $5 billion in repurchasing about 1% of the company. Over time, we want Berkshire's share count to go down. If the price-to-value discount (as we estimate it) widens, we will likely become more aggressive in purchasing shares. We will not, however, prop the stock at any level."

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Buffett says Berkshire '100% prepared' for his, Munger's departure » 14:17
02/22/20
02/22
14:17
02/22/20
14:17
BRK.B

Berkshire Hathaway

$229.25 /

+1.015 (+0.44%)

, BRK.A

Berkshire Hathaway

$343,750.00 /

+1326 (+0.39%)

Warren Buffet said in his…

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Earnings
Berkshire Hathaway reports Q4 net earnings $4.42B vs. $5.72B last year » 14:06
02/22/20
02/22
14:06
02/22/20
14:06
BRK.B

Berkshire Hathaway

$229.25 /

+1.015 (+0.44%)

, BRK.A

Berkshire Hathaway

$343,750.00 /

+1326 (+0.39%)

At December 31, 2019,…

At December 31, 2019, Berkshire's insurance float was approximately $129B, an increase of $6B since year-end 2018.

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Downgrade
CommScope downgraded to Hold from Buy at Deutsche Bank » 14:02
02/22/20
02/22
14:02
02/22/20
14:02
COMM

CommScope

$12.62 /

+0.07 (+0.56%)

Deutsche Bank analyst…

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Periodicals
Warren Buffet right to scarf up Kroger stock, Barron's says » 10:24
02/22/20
02/22
10:24
02/22/20
10:24
KR

Kroger

$30.31 /

+0.53 (+1.78%)

, WMT

Walmart

$118.58 /

+0.86 (+0.73%)

, BRK.A

Berkshire Hathaway

$343,750.00 /

+1326 (+0.39%)

, BRK.B

Berkshire Hathaway

$229.25 /

+1.015 (+0.44%)

Warren Buffett's…

Warren Buffett's Berkshire Hathaway (BRK.B) recently paid $549M for a 2.3% stake in Kroger (KR) as the chain grows digital sales by 21% year over year, Jack Hough writes in this week's edition of Barron's. Kroger goes for less than 13 times projected earnings, a 45% discount to Walmart (WMT), the author notes, adding, however, that both companies are expected to increase earnings per share by 4% to 6% during the year through January 2021. And Kroger stands to benefit indirectly as traditional supermarket shoppers migrate to Walmart.com, he contends. Reference Link

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Periodicals
Virgin Galactic stock outperformance 'just hype,' Barron's says » 10:19
02/22/20
02/22
10:19
02/22/20
10:19
SPCE

Virgin Galactic

$33.70 /

-3.49 (-9.38%)

The latest frenzy…

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Periodicals
Caterpillar stock looks cheap, Barron's says » 07:32
02/22/20
02/22
07:32
02/22/20
07:32
CAT

Caterpillar

$137.25 /

+0.325 (+0.24%)

Caterpillar stock has…

Caterpillar stock has dipped to $137 from $150 at the start of this year, while the broad U.S. market has nudged a few percent higher, Jack Hough writes in this week's edition of Barron's. While the author acknowledges that fewer than half of analysts who cover the stock recommend buying it, Hough tells investors to consider doing so just the same. This year's earnings could mark a near-term trough for Caterpillar, while the stock's current valuation implies that U.S. economy is about to slip into recession, which seems unlikely, he argues. Reference Link

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Periodicals
Intelsat could be 'a casualty' in brewing 5G showdown, Barron's says » 07:29
02/22/20
02/22
07:29
02/22/20
07:29
I

Intelsat

$4.50 /

-0.03 (-0.66%)

Intelsat's stock…

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On The Fly
Week in Review: How Trump's policies moved stocks » 07:19
02/22/20
02/22
07:19
02/22/20
07:19
GE

General Electric

$12.24 /

-0.285 (-2.28%)

, HON

Honeywell

$179.90 /

-0.78 (-0.43%)

, AMAT

Applied Materials

$64.27 /

-2.15 (-3.24%)

, LRCX

Lam Research

$316.74 /

-11.65 (-3.55%)

, MU

Micron

$56.98 /

-2.03 (-3.44%)

, WDC

Western Digital

$67.00 /

-2.04 (-2.95%)

, LITE

Lumentum

$83.21 /

-3.13 (-3.63%)

, ACIA

Acacia Communications

$68.69 /

-0.07 (-0.10%)

, NPTN

NeoPhotonics

$7.20 /

-0.31 (-4.13%)

, IIVI

II-VI

$34.73 /

-2.39 (-6.44%)

, ANTM

Anthem

$294.81 /

+0.48 (+0.16%)

, CNC

Centene

$65.41 /

-0.33 (-0.50%)

, CVS

CVS Health

$71.53 /

-0.42 (-0.58%)

, HUM

Humana

$369.65 /

-1.9 (-0.51%)

, MOH

Molina Healthcare

$149.82 /

-0.72 (-0.48%)

, UNH

UnitedHealth

$301.26 /

-0.705 (-0.23%)

, CUDA

Barracuda

$0.00 /

+ (+0.00%)

, CHKP

Check Point

$116.32 /

-1.21 (-1.03%)

, FFIV

F5 Networks

$133.38 /

+0.49 (+0.37%)

, FEYE

FireEye

$15.49 /

-0.19 (-1.21%)

, FTNT

Fortinet

$114.41 /

-3.62 (-3.07%)

, IMPV

Imperva

$0.00 /

+ (+0.00%)

, PANW

Palo Alto Networks

$242.86 /

-6.24 (-2.51%)

, PFPT

Proofpoint

$123.84 /

-1.97 (-1.57%)

, QLYS

Qualys

$91.49 /

-2.8 (-2.97%)

Catch up on the top…

Open Full Text

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Conference/Events
The ASTCT and CIBMTR to hold a joint meeting » 04:55
02/22/20
02/22
04:55
02/22/20
04:55
ABBV

AbbVie

$94.96 /

+0.7 (+0.74%)

, ADPT

Adaptive Biotechnologies

$34.19 /

+0.37 (+1.09%)

, AMGN

Amgen

$222.80 /

+0.62 (+0.28%)

, ATNM

Actinium Pharmaceuticals

$0.26 /

+0.0088 (+3.50%)

, ATRA

Atara Biotherapeutics

$13.18 /

-0.34 (-2.51%)

, AZN

AstraZeneca

$50.17 /

+1.2 (+2.45%)

, BLUE

Bluebird Bio

$80.15 /

-2.38 (-2.88%)

, CDNA

CareDx

$28.25 /

+0.13 (+0.46%)

, CDTX

Cidara Therapeutics

$3.16 /

+ (+0.00%)

, CELG

Bought by BMY

$0.00 /

+ (+0.00%)

, EQ

Equillium

$5.48 /

+0.38 (+7.45%)

, GMDA

Gamida Cell

$4.55 /

-0.2 (-4.21%)

, GSK

GlaxoSmithKline

$43.11 /

+0.35 (+0.82%)

, HUM

Humana

$369.65 /

-1.9 (-0.51%)

, INCY

Incyte

$80.89 /

-1.88 (-2.27%)

, JAZ

Jazz Technologies

$0.00 /

+ (+0.00%)

, KDMN

Kadmon

$5.08 /

+0.03 (+0.59%)

, MGTA

Magenta Therapeutics

$14.00 /

-0.02 (-0.14%)

, MRK

Merck

$82.34 /

-0.14 (-0.17%)

, NVS

Novartis

$96.75 /

+0.44 (+0.46%)

, PFE

Pfizer

$35.71 /

-0.13 (-0.36%)

, RCKT

Rocket Pharmaceuticals

$22.73 /

-1.01 (-4.25%)

, SGEN

Seattle Genetics

$117.00 /

-1.3 (-1.10%)

, SNY

Sanofi

$50.83 /

+0.07 (+0.14%)

, TAK

Takeda Pharmaceutical

$18.78 /

+0.195 (+1.05%)

American Society for…

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Hot Stocks
eBay says Payments expected to generate $2B of revenue by 2022 » 18:42
02/21/20
02/21
18:42
02/21/20
18:42
EBAY

eBay

$38.19 /

+0.51 (+1.35%)

In addition to…

In addition to eBay's portfolio review, the company's management team has executed numerous value creating actions since the beginning of 2019 that are transforming eBay's business and strengthening its foundation for growth. Among others, these actions include: Scaled Managed Payments in the U.S. and Germany; by 2022, Payments is expected to generate $2B of revenue and $0.5B of operating income; Delivered a point of margin improvement and committed to at least 2 additional points of margin expansion by 2022 while investing in revenue growth initiatives; Executed $5B in share buybacks and recently announced expansion of 2020 share buyback plan from $1.5B to $4.5B; Implemented eBay's first ever dividend and committed to a 14% increase in 2020; Increased focus on Marketplace volume growth with a reorganization of the executive leadership team and a re-prioritized customer-focused plan that includes improved vertical buyer experiences, more data & tools for sellers, and increased platform conversion leveraging an expanded structured data foundation. eBay's Board and management team are confident that the above actions will help achieve the previously stated priorities for 2020 and position eBay for sustainable, profitable long-term growth.

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Hot Stocks
eBay says in 'active discussions with multiple parties' for sale of Classifieds » 18:39
02/21/20
02/21
18:39
02/21/20
18:39
EBAY

eBay

$38.19 /

+0.51 (+1.35%)

eBay issued the following…

eBay issued the following statement regarding the previously announced strategic review of eBay's Classifieds Group: "eBay has been exploring potential value-creating alternatives for Classifieds and continues to be in active discussions with multiple parties regarding a potential transaction. As previously noted, eBay expects to provide an update regarding this process by the middle of the year. eBay remains committed to maximizing the value of Classifieds for eBay shareholders. eBay's Board and management are committed to driving significant returns to shareholders by maximizing the value of Classifieds and positioning our Marketplace business for long-term success," said Scott Schenkel, interim CEO of eBay. "The Classifieds review process, together with the StubHub sale and our initiatives to increase volume, revenues, margins, and cash flow while continuing to invest in long-term profitable growth, demonstrate this commitment. We are acting with urgency while focusing on the ultimate objective of maximizing the value of Classifieds."

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Periodicals
Italy reports first coronavirus-related death, Bloomberg says » 17:47
02/21/20
02/21
17:47
02/21/20
17:47
SPX

S&P 500

$0.00 /

+ (+0.00%)

, SPY

SPDR S&P 500 ETF Trust

$333.48 /

-3.49 (-1.04%)

Bloombereg cites…

Bloombereg cites Corriere.

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Hot Stocks
Citi sees 'reasonably possible' legal costs of up to $1.3B in aggregate » 17:46
02/21/20
02/21
17:46
02/21/20
17:46
C

Citi

$76.45 /

-1.76 (-2.25%)

According to a regulatory…

According to a regulatory filing, Citi estimated that the reasonably possible unaccrued loss for various legal matters ranges up to roughly $1.3B in the aggregate. For some of the matters included within this estimation, an accrual has been made because a loss is believed to be both probable and reasonably estimable, but an exposure to loss exists in excess of the amount accrued. In these cases, the estimate reflects the reasonably possible range of loss in excess of the accrued amount. For other matters included within this estimation, no accrual has been made because a loss, although estimable, is believed to be reasonably possible, but not probable; in these cases, the estimate reflects the reasonably possible loss or range of loss. As of December 31, 2019, Citigroup estimates that the reasonably possible unaccrued loss for these matters ranges up to approximately $1.3B in the aggregate. These estimates are based on currently available information. As available information changes, the matters for which Citigroup is able to estimate will change, and the estimates themselves will change. In addition, while many estimates presented in financial statements and other financial disclosures involve significant judgment and may be subject to significant uncertainty, estimates of the range of reasonably possible loss arising from litigation and regulatory proceedings are subject to particular uncertainties.

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Periodicals
WarnerMedia's HBO Max to include reunion special of 'Friends,' WSJ reports » 17:41
02/21/20
02/21
17:41
02/21/20
17:41
T

AT&T

$38.54 /

-0.075 (-0.19%)

WarnerMedia's HBO…

WarnerMedia's HBO Max service will include a special reunion of the television series "Friends" as well as all of the show's previous episodes when the streaming service rolls out in May, the Wall Street Journal's Allison Prang and Joe Flint report. The company said that all six of the main stars of "Friends" will be part of the reunion special, the authors say. Reference Link

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Hot Stocks
FleetCor's Johnson sells 15,000 common shares » 17:35
02/21/20
02/21
17:35
02/21/20
17:35
FLT

FleetCor

$308.94 /

-8.45 (-2.66%)

In a regulatory filing,…

In a regulatory filing, FleetCor Technologies director Mark A. Johnson disclosed the sale of 15,000 common shares of the company at a price of $321.333 per share on February 19.

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Periodicals
Amazon wants internal DOD documents in JEDI cloud case, Bloomberg reports » 17:31
02/21/20
02/21
17:31
02/21/20
17:31
AMZN

Amazon.com

$2,094.29 /

-58.64 (-2.72%)

, MSFT

Microsoft

$178.46 /

-5.9 (-3.20%)

Amazon (AMZN) has asked a…

Amazon (AMZN) has asked a court to force the U.S. government to provide documents related to Defense Secretary Mark Esper's decision to recuse himself from making decisions on the $10B JEDI cloud contract that the Pentagon awarded to Microsoft (MSFT) in December, Bloomberg's Naomi Nix reports. According to a court filing, Amazon is eyeing a trove of documents to strengthen its challenge of the Pentagon's JEDI cloud contract, Nix says. Amazon has claimed that U.S. President Donald Trump's meddling in the matter cost the ecommerce giant the contract, Nix notes. Reference Link

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Idexx Laboratories director sells 39.1K shares of common stock » 17:29
02/21/20
02/21
17:29
02/21/20
17:29
IDXX

Idexx Laboratories

$278.55 /

-2.92 (-1.04%)

In a regulatory filing,…

In a regulatory filing, Idexx Laboratories disclosed that its director Jonathan Ayers sold 39.1K shares of common stock on February 19th. The total transaction size was about $11.5M.

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Jernigan Capital cuts quarterly dividend to 23c from 35c per share » 17:24
02/21/20
02/21
17:24
02/21/20
17:24
JCAP

Jernigan Capital

$20.30 /

+0.07 (+0.35%)

The dividend is payable…

The dividend is payable on April 15, 2020 to stockholders of record on April 1, 2020.

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Synthesis Energy Systems discloses additional Nasdaq delinquency notice » 17:23
02/21/20
02/21
17:23
02/21/20
17:23
SES

Synthesis Energy Systems

$5.49 /

+ (+0.00%)

Synthesis Energy Systems…

Synthesis Energy Systems announced that the company received an additional staff determination delinquency notification letter from the The Nasdaq Stock Market LLC due to the company's non-compliance with Nasdaq Listing Rule 5250(c)(1), as a result of the company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2019. The company is required to present its views with respect to this additional deficiency to the Panel in writing no later than February 27, 2020 under Listing Rule 5810(d). Robert Rigdon, the company's CEO, commented: "The company is progressing its important merger transaction with AFE and acquisition of additional ownership in Batchfire Resources. We believe these transactions, now underway, have the potential to bring growth and value to the company's shareholders and debenture holders. The late filing of our Form 10-Q for the quarter ended December 31, 2019 is the result delays related to derivative accounting protocol and value analysis regarding the merger-related debt restructuring undertaken by the company in October 2019. We are actively working with our auditors and our advisors to complete the work in the most expeditious manner possible."

Syndicate
Pebblebrook Hotel files automatic mixed securities shelf  17:23
02/21/20
02/21
17:23
02/21/20
17:23
PEB

Pebblebrook Hotel

$24.90 /

+0.3 (+1.22%)

 
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Hot Stocks
Phillips 66 awarded $795.34M Defense Logistics Agency contract » 17:20
02/21/20
02/21
17:20
02/21/20
17:20
PSX

Phillips 66

$89.22 /

-1.015 (-1.12%)

Phillips 66 has been…

Phillips 66 has been awarded a $795.34M fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract under solicitation for various types of fuel. These were competitive acquisitions with 32 offers received. These are one-year contracts with a 30-day carryover. Work has an April 30, 2021, performance completion date. Using customer is Defense Logistics Agency Energy. Type of appropriation is FY20 defense working capital funds. The contracting activity is the Defense Logistics Agency Energy.

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Hot Stocks
Lockheed Martin awarded $233.04M Navy contract action » 17:16
02/21/20
02/21
17:16
02/21/20
17:16
LMT

Lockheed Martin

$427.29 /

+1.345 (+0.32%)

Lockheed Martin was…

Lockheed Martin was awarded a $233.04M firm-fixed-price undefinitized contract action for the procurement of Mk 41 Vertical Launching System vertical launcher module assemblies, modernization kits and spare components. This contract combines purchases for the Navy and the governments of Korea, Finland and Germany under the Foreign Military Sales program. Work is expected to be completed by March 2025. FY18, FY19 and FY20 shipbuilding and conversion, and foreign military sales funding in the amount of $46.61M was obligated at time of award and will not expire at the end of the current fiscal year. This contract was competitively procured via the Federal Business Opportunities website, with one offer received. The Naval Sea Systems Command is the contracting activity.

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Hot Stocks
Xilinx recommends rejection of TRC Capital's "mini-tender" offer » 17:04
02/21/20
02/21
17:04
02/21/20
17:04
XLNX

Xilinx

$87.74 /

-2.09 (-2.33%)

Xilinx announced that it…

Xilinx announced that it has been notified of an unsolicited "mini-tender" offer by TRC Capital to purchase up to 1.5M shares of its common stock (approximately 0.6% of outstanding shares) at $81.75 per share. The offer price is approximately 4.52% below the $85.62 per share price that Xilinx common stock closed at on February 7, 2020 - the last trading day prior to the date when TRC Capital commenced its mini-tender offer - and is approximately 8.95% below the $89.79 per share at which Xilinx common stock closed on February 20, the day prior to this release. Xilinx does not endorse TRC Capital's unsolicited offer and recommends that Xilinx stockholders reject the offer and not tender their shares in response to it. Not only is the mini-tender offer at a price below the market price for Xilinx shares, as of today's date, it is also subject to numerous conditions, including TRC Capital's ability to obtain financing. Xilinx is not associated in any way with TRC Capital, its mini-tender offer or the offer documentation, nor did Xilinx have advance notice of this mini-tender offer.

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