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ROIC

Retail Opportunity

$17.02 /

-0.06 (-0.35%)

16:38
02/18/20
02/18
16:38
02/18/20
16:38

Retail Opportunity reports Q4 EPS 9c, consensus 9c

Reports Q4 revenue $73.6M, consensus $73.47M. Stuart A. Tanz, President and Chief Executive Officer of Retail Opportunity Investments Corp. stated, "During 2019, we again achieved stellar property operations results, including a new, record-high year-end lease rate of 97.9%, a 32.8% increase on new leases signed during the year, and a 3.6% increase in same-center cash net operating income. We also made excellent progress with our portfolio enhancement initiatives, including selling $74.1 million of properties and commencing the entitlement process on three densification projects. Additionally, we continued to enhance our long-term financial position, including utilizing proceeds from equity issuances and property dispositions to reduce debt by $72.6 million." Tanz added, "In terms of our objectives for 2020, we intend to focus on completing targeted dispositions, selectively acquiring grocery-anchored shopping centers in our core markets, and continuing to advance our densification efforts."

  • 19

    Feb

ROIC Retail Opportunity
$17.02 /

-0.06 (-0.35%)

01/07/20 Raymond James
Raymond James ups Realty Income, downgrades Retail Opportunity in REIT shake-up
01/07/20 Raymond James
Retail Opportunity downgraded to Outperform from Strong Buy at Raymond James
12/19/19 Baird
Baird raises view on Shopping Center REITs to Outperform, upgrades RPT Realty
10/23/19 Capital One
Retail Opportunity upgraded to Overweight from Equalweight at Capital One

TODAY'S FREE FLY STORIES

Conference/Events
Moderna to host conference call » 22:10
03/29/20
03/29
22:10
03/29/20
22:10
MRNA

Moderna

$30.01 /

+2.1 (+7.52%)

Management holds a…

Management holds a conference call to provide an update on the impact of COVID-19 on business operations and clinical program development on March 30 at 8 am. Webcast Link

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Conference/Events
Goldman Sachs aerospace/defense analysts hold analyst/industry conference call » 22:03
03/29/20
03/29
22:03
03/29/20
22:03
EADSY

Airbus

$0.00 /

+ (+0.00%)

, BA

Boeing

$162.01 /

-18.155 (-10.08%)

U.S. Aerospace &…

U.S. Aerospace & Defense Analyst Poponak, European Aerospace & Defense Analyst Hallam and Asian Pacific Transportation Analyst Hartwright, discuss Boeing vs Airbus on an Analyst/Industry conference call to be held on March 31 at 5 am. Webcast Link

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Conference/Events
Goldman Sachs medical tech analyst to hold an analyst/industry conference call » 21:55
03/29/20
03/29
21:55
03/29/20
21:55

Medical Technology…

Medical Technology Analyst Hazan, along with Dr. Guido Gelpi, Cardiovascular Surgeon in Lombardia, Italy and Dr. Leonard Conradi, Cardiothoracic Surgeon at Hamburg University in Germany, provide insights on the COVID-19 impact in Italy and Germany on an Analyst/Industry conference call to be held on March 30 at 11 am. Webcast Link

Conference/Events
Goldman Sachs China commodities analyst to hold analyst/industry conference call » 21:39
03/29/20
03/29
21:39
03/29/20
21:39

China Commodities Analyst…

China Commodities Analyst Trina Chen provides an update on an Analyst/Industry conference call to be held on March 30 at 8 am. Webcast Link

Conference/Events
Jefferies software/Internet analyst to hold an analyst/industry conference call » 21:32
03/29/20
03/29
21:32
03/29/20
21:32
WIX

Wix.com

$106.47 /

-14.2 (-11.77%)

, GDDY

GoDaddy

$56.84 /

-1.64 (-2.80%)

Software & Internet…

Software & Internet Analyst Thill, along with Craig Meltzer, an expert web developer and IT consultant, discusses the impact on major website building platforms and projects from COVID-19 on an Analyst/Industry conference call to be held on April 3 at 11 am.

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Conference/Events
Upland Software participates in a conference call with Jefferies » 21:29
03/29/20
03/29
21:29
03/29/20
21:29
UPLD

Upland Software

$24.51 /

-1.81 (-6.88%)

Software & Internet…

Software & Internet Analyst Thill holds a conference call with Chairman & CEO McDonald and CFO Hill on March 31 at 3 pm hosted by Jefferies.

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Raymond James upgrades Amgen to Outperform on limited COVID-19 disruption » 21:06
03/29/20
03/29
21:06
03/29/20
21:06
AMGN

Amgen

$198.49 /

+ (+0.00%)

Raymond James analyst…

Raymond James analyst Dane Leone upgraded Amgen to Outperform from Market Perform with a $255 price target. The company already provided conservative guidance for 2020 during the Q4 earnings call, and disruption from the COVID-19 pandemic should not be outsized relative to Amgen's peers, Leone tells investors in a research note. The analyst believes the GALACTIC-HF study is still likely to read out by the end of 2020 and that the outcome is likely to be positive. Further, the Phase 2 monotherapy study of AMG 510 may support a New Drug Application filing with the FDA for advanced non-small cell lung cancer patients that harbor KRAS G12C mutations, adds the analyst.

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Downgrade
Citi downgrades Huazhu on COVID-19 uncertainties after Goldman upgrade » 21:01
03/29/20
03/29
21:01
03/29/20
21:01
HTHT

Huazhu Group

$27.81 /

-2.08 (-6.96%)

Citi analyst Lydia Ling…

Citi analyst Lydia Ling downgraded Huazhu Group to Neutral from Buy with a price target of $30, down from $40. The recovery of the company's China operation could be dampened by its European operation as COVID-19 spreads globally, which raised uncertainties in Q2, Ling tells investors in a research note. The analyst is also concerned that the disruptive impact from COVID-19 on China's hotel sector might not be short term only. Franchisees could be more cautious on hotel openings given pressured operating cash flow, says Ling. Goldman Sachs this morning upgraded Huazhu Group to Buy.

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Phillips 66 upgraded to Outperform from Sector Perform at RBC Capital » 20:57
03/29/20
03/29
20:57
03/29/20
20:57
PSX

Phillips 66

$52.29 /

-2.2 (-4.04%)

RBC Capital analyst Brad…

RBC Capital analyst Brad Heffern upgraded Phillips 66 to Outperform from Sector Perform with a price target of $67, down from $73. 2020 is shaping up to be the most dislocated petroleum market in decades, and Phillips 66's "extensive" logistics/marketing network has historically allowed the company to take advantage of dislocations better than anyone else, Heffern tells investors in a research note. The analyst sees Phillips 66 as the only refiner likely to generate "meaningful" positive earnings in 2020. Further, the company's dividend "looks very safe" despite a 7% yield, contends Heffern.

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China Resources Cement upgraded to Neutral from Sell at Goldman Sachs » 20:53
03/29/20
03/29
20:53
03/29/20
20:53
CARCY

China Resources Cement

$0.00 /

+ (+0.00%)

Goldman Sachs analyst…

Goldman Sachs analyst Trina Chen upgraded China Resources Cement to Neutral from Sell with an HK$8.90 price target. The analyst sees a more balanced risk/reward profile at the current share price.

Downgrade
CVR Energy downgraded to Underperform with $16 target at Credit Suisse » 20:50
03/29/20
03/29
20:50
03/29/20
20:50
CVI

CVR Energy

$15.16 /

-2.255 (-12.95%)

, DK

Delek US

$13.75 /

-0.28 (-2.00%)

Credit Suisse analyst…

Credit Suisse analyst Manav Gupta downgraded CVR Energy (CVI) to Underperform from Neutral with a price target of $16, down from $40. The analyst believes a CVR Energy - Delek US (DK) deal would take up to six months before finding out if Delek actually ends up selling itself. During this time frame, CVR Energy is likely to underperform, Gupta tells investors in a research note. When looking at the history of M&A in the refining space, the acquirer has always underperformed the group in the time frame from when the deal is announced to the point where the deal actually closes, says the analyst.

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Downgrade
Brookfield downgraded to Market Perform from Outperform at Keefe Bruyette » 20:45
03/29/20
03/29
20:45
03/29/20
20:45
BAM

Brookfield

$42.23 /

-1.53 (-3.50%)

Keefe Bruyette analyst…

Keefe Bruyette analyst Robert Lee downgraded Brookfield Asset Management to Market Perform from Outperform.

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Hamilton Lane upgraded to Market Perform from Underperform at Keefe Bruyette » 20:38
03/29/20
03/29
20:38
03/29/20
20:38
HLNE

Hamilton Lane

$55.38 /

-1.34 (-2.36%)

Keefe Bruyette analyst…

Keefe Bruyette analyst Robert Lee upgraded Hamilton Lane to Market Perform from Underperform with a $56 price target.

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Huazhu Group downgraded to Neutral from Buy at Citi » 20:27
03/29/20
03/29
20:27
03/29/20
20:27
HTHT

Huazhu Group

$27.81 /

-2.08 (-6.96%)

Citi analyst Lydia Ling…

Citi analyst Lydia Ling downgraded Huazhu Group to Neutral from Buy with a price target of $30, down from $40.

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Amgen upgraded to Outperform from Market Perform at Raymond James » 20:25
03/29/20
03/29
20:25
03/29/20
20:25
AMGN

Amgen

$198.49 /

+ (+0.00%)

Raymond James analyst…

Raymond James analyst Dane Leone upgraded Amgen to Outperform from Market Perform with a $255 price target.

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Periodicals
Cigna, Humana waiving cost-sharing for COVID-19 treatments, Bloomberg says » 20:16
03/29/20
03/29
20:16
03/29/20
20:16
CI

Cigna

$161.03 /

-8.39 (-4.95%)

, HUM

Humana

$297.02 /

-7.99 (-2.62%)

Cigna (CI) and Humana…

Cigna (CI) and Humana (HUM said they will waive out-of-pocket costs for patients who need treatment for COVID-19, Bloomberg's John Tozzi reports. Leaders of both companies called it the right thing to do to help alleviate financial stress for their members and to remove barriers that could keep people from getting needed medical care, the author adds. Reference Link

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Hot Stocks
International Paper selling Brazilian corrugated packaging business » 20:13
03/29/20
03/29
20:13
03/29/20
20:13
IP

International Paper

$30.60 /

-0.45 (-1.45%)

International Paper has…

International Paper has entered into an agreement to sell its Brazilian corrugated packaging business to Klabin S.A. for R$330M, with R$280M to be paid at closing and R$50M one year thereafter, subject to certain adjustments. This business includes three containerboard mills and four box plants. This agreement follows International Paper's previously announced strategic review of the Brazil packaging business. The transaction is expected to close in the second half of 2020, subject to certain closing conditions and regulatory approvals. The company will continue to run its Papers and Forestry businesses in Brazil.

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Hot Stocks
EVO Payments announces $150M investment, suspends FY20 guidance » 20:12
03/29/20
03/29
20:12
03/29/20
20:12
EVOP

EVO Payments

$13.92 /

-1.57 (-10.14%)

EVO Payments announced…

EVO Payments announced that it has received a $150M investment from funds affiliated with Madison Dearborn Partners, a leading private equity firm that has been a significant shareholder of the company since 2012. MDP's added resources will strengthen EVO's financial profile and enable the company to remain focused on future strategic initiatives as it navigates the global COVID-19 pandemic. A portion of the proceeds from MDP's investment will be used to pay down EVO's revolver borrowings, reducing EVO's pro forma leverage ratio as of December 31, 2019 to 3.3-times net debt to Adjusted EBITDA. The remainder of the proceeds are expected to be used to fund potential future investment opportunities. EVO is also closely monitoring COVID-19 and its impact on the company's business. While EVO's global portfolio represents a diversified mix of merchants across Europe and North America, many of these merchants operate in markets that are subject to broad governmental restrictions on movement and commerce, resulting in substantial reductions in merchant transaction count and volumes. In response, EVO has taken significant and necessary steps to align its cost structure and cash flows with the expected near-term decline in revenues caused by COVID-19. These actions include a series of initiatives to reduce fixed costs up to 20% for the remainder of fiscal 2020 and lower capital expenditures by up to 75% over the same period. Such reductions will depend on the pace in which economic activity returns. Given the unknown duration and extent of COVID-19's impact on EVO's business, the company is suspending its 2020 annual guidance published on February 27, 2020.

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Hot Stocks
Fly Intel: Top five weekend stock stories » 19:12
03/29/20
03/29
19:12
03/29/20
19:12
CYH

Community Health

$3.33 /

-0.55 (-14.18%)

, HCA

HCA Healthcare

$87.49 /

-6.98 (-7.39%)

, LPNT

LifePoint

$0.00 /

+ (+0.00%)

, THC

Tenet

$17.06 /

-1.37 (-7.43%)

, UHS

Universal Health

$88.91 /

-3.2 (-3.47%)

, AMZN

Amazon.com

$1,900.79 /

-52.4 (-2.68%)

, MSFT

Microsoft

$149.66 /

-6.35 (-4.07%)

, AAPL

Apple

$247.74 /

-10.74 (-4.16%)

, GOOGL

Alphabet Class A

$1,109.46 /

-53.25 (-4.58%)

, GOOG

Alphabet

$1,110.80 /

-50.63 (-4.36%)

, GM

General Motors

$21.37 /

-1.17 (-5.19%)

, CAT

Caterpillar

$105.20 /

-5.49 (-4.96%)

, MRK

Merck

$71.62 /

-1.77 (-2.41%)

, INTC

Intel

$52.35 /

-3.26 (-5.86%)

, HON

Honeywell

$131.13 /

-6.095 (-4.44%)

, BBY

Best Buy

$62.36 /

-0.69 (-1.09%)

, GWW

Grainger

$246.57 /

+1.17 (+0.48%)

, DHI

D.R. Horton

$36.79 /

-2.58 (-6.55%)

, QCOM

Qualcomm

$66.50 /

-2.48 (-3.60%)

, AKAM

Akamai

$90.45 /

-4.05 (-4.29%)

, LMT

Lockheed Martin

$348.48 /

-1.96 (-0.56%)

, BLK

BlackRock

$434.59 /

-17.24 (-3.82%)

Catch up on the…

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. President Donald Trump said on Sunday that he will extend the guidelines aimed at slowing the spread of the coronavirus to April 30, from his original target of Easter on April 12, according to Reuters. Trump added that deaths from the coronavirus could peak around Easter. The President also accused hospitals of hoarding ventilators that are in scarce supply across the U.S. as the coronavirus spreads, adding any hospitals not using the devices must release them, Reuters' Nandita Bose and Phil Stewart reported. Publicly traded companies in the space include Community Health (CYH), HCA Healthcare (HCA), LifePoint (LPNT), Tenet (THC) and Universal Health (UHS). 2. Amazon (AMZN) warehouse workers in Staten Island plan to strike on Monday to call attention to the lack of protections for employees who continue to come to work amid the coronavirus outbreak, CNBC's Annie Palmer reported. Nearly 100 workers at the facility, known as JFK8, plan to participate in the work stoppage, the author notes. The employees will walk out Monday morning and "cease all operations" until their demands are heard by site leadership, said Chris Smalls, a management assistant at JFK8 and a lead organizer of the strike. 3. Microsoft (MSFT), Apple (AAPL), Amazon, and Google parent Alphabet (GOOGL) with their fortress-solid balance sheets, are poised to come out of the downturn just as strong as they went in, Eric Savitz wrote in this week's edition of Barron's. 4. General Motors (GM) agreed to a $120M settlement over faulty ignition switches that allegedly caused cars to stall and air bags to deploy, in some cases triggering fatal accidents, Bloomberg's Robert Burnson reported. The deal, which must be approved by a judge, would resolve hundreds of lawsuits filed before the automaker sought bankruptcy protection in 2009, the author noted. 5. Caterpillar (CAT), Merck (MRK), UnitedHealth, Intel (INTC), Honeywell International (HON), Best Buy (BBY), W.W. Grainger (GWW), D.R. Horton (DHI), Qualcomm (QCOM), Akamai Technologies (AKAM), Lockheed Martin (LMT), and BlackRock (BLK) saw positive mentions in this week's edition of Barron's.

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Periodicals
Trump extends coronavirus guidelines past Easter to April 30, Reuters says » 18:57
03/29/20
03/29
18:57
03/29/20
18:57
SPY

SPDR S&P 500 ETF Trust

$253.79 /

-7.61 (-2.91%)

, SPX

S&P 500

$0.00 /

+ (+0.00%)

President Donald Trump…

President Donald Trump said on Sunday that he will extend the guidelines aimed at slowing the spread of the coronavirus to April 30, from his original target of Easter on April 12, according to Reuters. Trump added that deaths from the coronavirus could peak around Easter. Reference Link

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Periodicals
Trump accuses hospitals of hoarding ventilators, Reuters reports » 18:19
03/29/20
03/29
18:19
03/29/20
18:19
THC

Tenet

$17.06 /

-1.37 (-7.43%)

, UHS

Universal Health

$88.91 /

-3.2 (-3.47%)

, LPNT

LifePoint

$0.00 /

+ (+0.00%)

, CYH

Community Health

$3.33 /

-0.55 (-14.18%)

, HCA

HCA Healthcare

$87.49 /

-6.98 (-7.39%)

President Donald Trump…

President Donald Trump accused hospitals of hoarding ventilators that are in scarce supply across the U.S. as the coronavirus spreads, adding any hospitals not using the devices must release them, Reuters' Nandita Bose and Phil Stewart report. Reference Link

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Hot Stocks
Kirkland Lake Gold says worker at Detour Lake Mine tested positive for COVID-19 » 18:17
03/29/20
03/29
18:17
03/29/20
18:17
KL

Kirkland Lake Gold

$31.99 /

-0.9 (-2.74%)

Kirkland Lake Gold was…

Kirkland Lake Gold was informed on Friday, March 27, 2020 that a worker who had been at Detour Lake Mine earlier this month has tested positive for the COVID-19 virus. The worker arrived at the mine with no symptoms on March 12th, began showing symptoms and self-isolated on March 14th and was taken from site on the morning of March 16th. All protocols were followed while the worker was on site. He received a positive result on Thursday, March 26th and informed the company on Friday, March 27th. All Detour Lake Mine employees were notified upon the company being informed of the positive test on March 27th with instruction to be particularly vigilant in self-monitoring for signs of symptoms, particularly until March 30th. Employees were also instructed to complete the Ontario health self-assessment and to self-isolate and consult medical staff if the results indicated a need to do so. In addition, the company has been informed by public health officials involved in the case, that all persons identified by the worker as having been in close contact have been contacted directly by the Porcupine Health Unit and instructed to seek a medical assessment and to self-isolate if advised to do so. Following a request by the company, the Porcupine Health Unit visited Detour Lake Mine on Saturday, March 28th to review the company's health and safety protocols related to the COVID-19 virus. The company is not aware of any workers at Detour Lake Mine, or at any of its other operations or offices, that are showing symptoms or are in self-isolation at site.

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Hot Stocks
Tegna reports on acquisition approaches » 18:14
03/29/20
03/29
18:14
03/29/20
18:14
TGNA

Tegna

$13.20 /

-0.24 (-1.79%)

Tegna reported on recent…

Tegna reported on recent acquisition approaches. As has been widely reported, Tegna has received four unsolicited acquisition proposals in recent weeks. Tegna and its advisors engaged substantially with two of these parties and provided them extensive non-public due diligence information. These two parties made their proposals shortly before the recent market dislocation due to the COVID-19 pandemic and both subsequently informed Tegna that they were ceasing discussions. The other two parties have not signed confidentiality agreements to enable due diligence and have not delivered any information on financing sources.Howard Elias, chairman of the Board, said, "In addition to our focus on executing our standalone plan, the Tegna Board and management have meaningfully engaged with third parties to explore opportunities to create value. The Board has been, and remains, willing to consider transactions that create compelling value, and our focus now is on helping management navigate through an unprecedented environment." Dave Lougee, president and CEO, said, "Like every other company, Tegna is operating in uncharted waters due to COVID-19 as we focus on ensuring the health and safety of our employees while continuing to create and preserve value. High-quality local news has never been more important, and we are fortunate to have significant contractual subscription revenues and a strong balance sheet with minimal near-term debt maturities. We are working through the current challenges raised by COVID-19 and are very confident that our long-term growth drivers remain intact."

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Hot Stocks
La-Z-Boy to temporary close U.S. manufacturing facilities amid COVID-19 outbreak » 18:11
03/29/20
03/29
18:11
03/29/20
18:11
LZB

La-Z-Boy

$21.60 /

-0.73 (-3.27%)

La-Z-Boy announced its…

La-Z-Boy announced its response to the COVID-19 crisis. The company will temporary close its U.S. manufacturing facilities, effective immediately, to be re-evaluated on April 13, 2020. La-Z-Boy also announced the temporary closure of all company-owned La-Z-Boy Furniture Galleries stores is in process, with 130 of 155 stores currently closed, and the temporary closure of its Regional Distribution Centers once in-process orders are delivered. During this time, the company remains committed to serving its customers at La-Z-Boy.com and Joybird.com. Customers may still place orders which will be delivered when operations resume. In light of these temporary closures, the company is taking the following measured actions to facilitate a strong ramp up once it resumes operations: the furlough of approximately 6,800 employees, or approximately 70% of its global workforce; a salary reduction of 50% for senior management and 25% for salaried employees until further notice; additionally, the board of directors will forego the cash portion of its compensation until further notice; a freeze of the company's 401(k) match; elimination of all non-essential operating expenses and capital expenditures; elimination of the June quarterly dividend and termination of the share repurchase program indefinitely to prioritize near-term financial flexibility. In addition to almost $200M in cash, cash equivalents, restricted cash, and investments on hand, to strengthen its financial position and preserve liquidity, the company has proactively drawn $75M under its $150M revolving credit facility. The company plans to report its fiscal 2020 fourth-quarter and full-year results in the second half of June, and will update the investment community with more details on its various initiatives at that time. La-Z-Boy remains committed to paying dividends over the long-term and will seek to resume dividends as business conditions improve. Likewise, the company will reinstate share repurchases when it deems appropriate.

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Conference/Events
Lionsgate to host special shareholder meeting » 17:42
03/29/20
03/29
17:42
03/29/20
17:42
LGF.A

Lionsgate

$5.84 /

-0.43 (-6.86%)

Special Shareholder…

Special Shareholder Meeting to approve a stock option and share appreciation rights exchange program will be held in Santa Monica, CA on April 2 at 1 pm.

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Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.