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XLY

Consumer Discretionary Sector SPDR

$123.71 /

+0.53 (+0.43%)

08:23
12/17/19
12/17
08:23
12/17/19
08:23

Consumer Discretionary Sector SPDR: Pivot points

The following are the pivot points for the Consumer Discretionary Sector SPDR (XLY). Pivot High: $123.855, Pivot Low: $123.365. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

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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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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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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…

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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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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…

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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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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…

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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…

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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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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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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…

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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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Trip.com reschedules Q4 results announcement due to coronavirus » 17:03
02/21/20
02/21
17:03
02/21/20
17:03
TCOM

Trip.com Group

$33.06 /

-0.8 (-2.36%)

Trip.com Group Limited…

Trip.com Group Limited announced that it has rescheduled the announcement date for its financial results for the fourth quarter and full year 2019 to after the U.S. market closes on March 18, 2020. Trip.com Group rescheduled the announcement date of its fourth quarter and full year 2019 financial results due to the evolving situation brought on by the novel coronavirus outbreak in China. The revised date would give the company more time to observe business condition and provide visibility for the first quarter of 2020. Trip.com Group's management will hold an earnings conference call at 8:00 PM on March 18, 2020, U.S. Eastern Time.

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InVivo Therapeutics files to sell common stock, warrants, no amount given » 17:02
02/21/20
02/21
17:02
02/21/20
17:02
NVIV

InVivo Therapeutics

$6.92 /

-0.1 (-1.42%)

H.C. Wainwright & Co.…

H.C. Wainwright & Co. is acting as exclusive placement agent in connection with this offering.

Periodicals
Google settles with state AGs over consultants in antitrust inquiry, CNBC says » 17:01
02/21/20
02/21
17:01
02/21/20
17:01
GOOG

Alphabet

$1,484.27 /

-33.78 (-2.23%)

, GOOGL

Alphabet Class A

$1,482.84 /

-33.7 (-2.22%)

Google has reached a…

Google has reached a settlement agreement with state attorneys general over outside consultants hired to work on the states' antitrust probe, CNBC's Ylan Mui and Lauren Feiner report. The settlement, which would allow consultants to continue advising the states' probe but also impose certain confidentiality restrictions, means that possible roadblocks to the investigation may be cleared for the time being, allowing the attorneys general to continue looking into the search giant's business, the authors say. A delay to the probe could hinder the states' ability to uncover important data about Google's competitive practices, the authors note. Texas is leading the investigation into the company's digital advertising operations, which is backed by 49 other attorneys general from U.S. states and territories, the authors note. Reference Link

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Uranium Energy files $100M mixed securities shelf  17:01
02/21/20
02/21
17:01
02/21/20
17:01
UEC

Uranium Energy

$0.83 /

-0.0454 (-5.19%)

 
Periodicals
Amazon wants internal DOD documents in JEDI cloud case, Bloomberg reports » 16:55
02/21/20
02/21
16:55
02/21/20
16:55
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.

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NeuBase Therapeutics receives noncompliance letter from Nasdaq » 16:53
02/21/20
02/21
16:53
02/21/20
16:53
NBSE

NeuBase Therapeutics

$7.56 /

+0.55 (+7.85%)

NeuBase Therapeutics…

NeuBase Therapeutics announced that it received a standard notification letter from Nasdaq stating that, as a result of not having timely filed its quarterly report on Form 10-Q for the period ended December 31, 2019, NeuBase is not in compliance with Nasdaq Listing Rule 5250, which requires timely filing of periodic financial reports with the Securities and Exchange Commission. This notice has no immediate effect on the listing of NeuBase's common stock. Under Nasdaq's listing rules, NeuBase has 60 calendar days from the date of the notice to submit a plan to regain compliance. If the plan is accepted by Nasdaq, NeuBase can be granted up to 180 calendar days from the Form 10-Q's due date to regain compliance. NeuBase expects to file its Form 10-Q within the timeline prescribed by Nasdaq. In addition, NeuBase announced that it has engaged Marcum as its independent registered public accounting firm, effective February 20. The company is working diligently and expects to file its Form 10-Q for the period ended December 31, 2019 by the end of March.

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NBCUniversal in discussions to buy Vudu from Walmart, WSJ reports » 16:48
02/21/20
02/21
16:48
02/21/20
16:48
CMCSA

Comcast

$45.81 /

-0.21 (-0.46%)

, CMCSK

Comcast

$0.00 /

+ (+0.00%)

, WMT

Walmart

$118.58 /

+0.86 (+0.73%)

Comcast's (CMCSA)…

Comcast's (CMCSA) NBCUniversal is in advanced discussions to purchase video-streaming service Vudu from Walmart (WMT), the Wall Street Journal's Lillian Rizzo and Patience Haggin report, citing people familiar with the matter. Vudu, which Walmart acquired in 2010 for over $100M, allows users to buy or rent movies or shows, the authors note. The financial terms the parties are discussing could not be learned, and the talks may not lead to a deal, the authors say. Reference Link

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BlackRock CFO sells 4,000 common shares » 16:42
02/21/20
02/21
16:42
02/21/20
16:42
BLK

BlackRock

$557.46 /

-9.5 (-1.68%)

In a regulatory filing,…

In a regulatory filing, BlackRock CFO and senior managing director Gary Shedlin disclosed the sale of 4,000 common shares of the company at a price of $571.4851 per share.

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Esperion announces FDA approval of NEXLETOL tablet » 16:39
02/21/20
02/21
16:39
02/21/20
16:39
ESPR

Esperion

$61.77 /

-6.51 (-9.53%)

Esperion announced that…

Esperion announced that the U.S. FDA approved NEXLETOL tablet, an oral, once-daily, non-statin LDL-Cholesterol lowering medicine. NEXLETOL is indicated as an adjunct to diet and maximally tolerated statin therapy for the treatment of adults with heterozygous familial hypercholesterolemia or established atherosclerotic cardiovascular disease who require additional lowering of LDL-C. The effect of NEXLETOL on cardiovascular morbidity and mortality has not been determined. NEXLETOL is the first oral, once-daily, non-statin LDL-C lowering medicine approved since 2002 for indicated patients. NEXLETOL is a first-in-class ATP Citrate Lyase inhibitor that lowers LDL-C by inhibition of cholesterol synthesis in the liver.

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Cemtrex discloses 500% increase in new orders for VR/AR development » 16:32
02/21/20
02/21
16:32
02/21/20
16:32
CETX

Cemtrex

$1.40 /

-0.06 (-4.11%)

Cemtrex announced that…

Cemtrex announced that it has received over $300,000 in new orders for the development of virtual reality, or VR, and augmented reality, or AR, applications, representing a 500% increase in the current quarter to date from the prior year. The orders were from 3 different customers and the company expects to execute these orders over the next five months. The company expects to close an additional $300,000 in new orders for virtual and augmented reality application development in the current quarter with multiple new customers based on the current sales pipeline for a total of $600,000 in FY Q2. The expected $600,000 in orders represents a 1000% percent increase in orders for VR and AR app development services compared to the same period a year ago. The company anticipates that demand for VR and AR app development services will continue to increase in the coming quarters and will be a key source of growth for the company.

Hot Stocks
Lincoln Electric CFO Vincent Petrella retires, Gabriel Bruno to succeed » 16:31
02/21/20
02/21
16:31
02/21/20
16:31
LECO

Lincoln Electric

$88.11 /

-1.66 (-1.85%)

Lincoln Electric…

Lincoln Electric announced that Vincent Petrella, Executive Vice President, CFO and Treasurer, will be succeeded by current Executive Vice President, Finance, Gabriel Bruno, effective April 22. Petrella will continue to serve as Executive Vice President to assist the Executive Team with the transition of the finance and corporate strategy organization until his retirement later this year. Bruno joined Lincoln Electric in 1995 and has held numerous leadership positions in finance, information technology and human resources, including Corporate Controller, Chief Information Officer, Chief Human Resources Officer and most recently, Executive Vice President, Finance.

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