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CAT

Caterpillar

$137.25 /

+0.325 (+0.24%)

, VIACA

ViacomCBS

$32.82 /

-0.895 (-2.65%)

19:37
02/23/20
02/23
19:37
02/23/20
19:37

Fly Intel: Top five weekend stock stories

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Intuit (INTU) is nearing a deal to buy Credit Karma for about $7B in cash and stock, The Wall Street Journal's Cara Lombardo and Dana Cimilluca wrote, citing people familiar with the matter. The maker of TurboTax could announce a deal to buy privately held Credit Karma by Monday, assuming talks don't fall apart, the people said. Credit Karma was valued at roughly $4B in a private share sale about two years ago, the authors noted. 2. Boeing (BA) has confirmed it found debris that could pose potential safety risks in the fuel tanks of several 737 Max aircraft that are in storage and waiting to be delivered to airlines, according to Reuters. Boeing officials called the findings "absolutely unacceptable," the report noted. 3. Intelsat's stock (I) could again become a casualty in a 5G showdown among hedge-fund managers, satellite operators, and the federal government, Alexandra Scaggs wrote in this week's edition of Barron's. The company's satellites transmit television signals over the so-called C-band, which is considered to be prime for fifth-generation, or 5G, service, with regulators wanting to clear out 60% of it for use by wireless companies, the author noted. A consortium of satellite operators called the C-Band Alliance volunteered to sell the spectrum privately in a plan that could have brought Intelsat as much as $24B, but the problem is that a private sale would require the Federal Communications Commission to give satellite operators the ability to sell rights they do not currently have, in the regulator's view, the author added. 4. ViacomCBS (VIAC) subsidiary Paramount's "Sonic the Hedgehog" stayed at number one, grossing another $26.3M in its second weekend in theaters and bringing its total to $106.6M. Overseas, the movie earned $38.3M in 56 markets. "Sonic the Hedgehog" sports an A CinemaScore and a 63% Rotten Tomatoes rating. 5. Caterpillar (CAT) and Kroger (KR) saw positive mentions in this week's edition of Barron's, while Virgin Galactic (SPCE) was mentioned cautiously.

CAT

Caterpillar

$137.25 /

+0.325 (+0.24%)

VIACA

ViacomCBS

$32.82 /

-0.895 (-2.65%)

VIAC

ViacomCBS

$28.26 /

-1.03 (-3.52%)

I

Intelsat

$4.50 /

-0.03 (-0.66%)

BA

Boeing

$330.39 /

-5.885 (-1.75%)

INTU

Intuit

$297.77 /

-3.47 (-1.15%)

KR

Kroger

$30.31 /

+0.53 (+1.78%)

SPCE

Virgin Galactic

$33.70 /

-3.49 (-9.38%)

  • 24

    Feb

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    Feb

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  • 05

    Mar

  • 09

    Mar

CAT Caterpillar
$137.25 /

+0.325 (+0.24%)

02/13/20
Fly Intel: Top five analyst upgrades
02/13/20 Goldman Sachs
Caterpillar upgraded to Buy from Neutral at Goldman Sachs
02/03/20 RBC Capital
Caterpillar price target lowered to $145 from $152 at RBC Capital
02/03/20 Wells Fargo
Caterpillar price target lowered to $150 from $160 at Wells Fargo
VIACA ViacomCBS
$32.82 /

-0.895 (-2.65%)

VIAC ViacomCBS
$28.26 /

-1.03 (-3.52%)

02/21/20 JPMorgan
JPMorgan sees upside for ViacomCBS shares after estimate reset
02/21/20 Benchmark
ViacomCBS price target lowered to $45 from $59 at Benchmark
02/21/20 Wells Fargo
ViacomCBS resumed with an Underweight at Wells Fargo
02/03/20
Fly Intel: Top five analyst downgrades
I Intelsat
$4.50 /

-0.03 (-0.66%)

02/10/20 Raymond James
Intelsat risk/reward more fairly valued, says Raymond James
02/10/20 Raymond James
Intelsat downgraded to Market Perform from Outperform at Raymond James
02/07/20 JPMorgan
JPMorgan downgrades Intelsat to Underweight, sees 'little to no' equity value
02/07/20 JPMorgan
Intelsat downgraded to Underweight from Neutral at JPMorgan
BA Boeing
$330.39 /

-5.885 (-1.75%)

02/18/20 Benchmark
Benchmark starts Spirit AeroSystems at Hold amid Boeing, accounting uncertainty
02/12/20 Credit Suisse
Credit Suisse ups Boeing target to $367 from $321 into 'positive news period'
02/11/20 Cowen
Teledyne price target raised to $415 from $375 at Cowen
02/07/20
Fly Intel: Top five analyst initiations
INTU Intuit
$297.77 /

-3.47 (-1.15%)

02/20/20 Citi
Intuit assumed with a Neutral at Citi
01/27/20 Wells Fargo
Intuit initiated with an Equal Weight at Wells Fargo
01/27/20 Wells Fargo
Intuit initiated with an Equal Weight at Wells Fargo
12/10/19 Jefferies
Jefferies small business survey points to 'more love' for internet leaders
KR Kroger
$30.31 /

+0.53 (+1.78%)

02/20/20 Morgan Stanley
After survey, Morgan Stanley says Walmart remains dominant in grocery
12/12/19
Fly Intel: Top five analyst upgrades
12/12/19 Evercore ISI
Kroger upgraded to Outperform from In Line at Evercore ISI
11/13/19 Deutsche Bank
Kroger upgraded to Hold from Sell at Deutsche Bank (yesterday)
SPCE Virgin Galactic
$33.70 /

-3.49 (-9.38%)

02/20/20 Morgan Stanley
Modest correction for Virgin Galactic overdue and 'healthy,' says Morgan Stanley
12/09/19
Fly Intel: Top five analyst initiations
12/09/19 Morgan Stanley
Morgan Stanley cites 'biotech-type risk/reward' in Virgin Galactic initiation
12/09/19 Morgan Stanley
Virgin Galactic initiated with an Overweight at Morgan Stanley

TODAY'S FREE FLY STORIES

Periodicals
Bayer terminated Roundup weedkiller draft settlement, WSJ reports » 18:41
04/03/20
04/03
18:41
04/03/20
18:41
BAYRY

Bayer

$0.00 /

+ (+0.00%)

Bayer extended talks on…

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Commvault adopts limited duration shareholder rights plan » 18:40
04/03/20
04/03
18:40
04/03/20
18:40
CVLT

Commvault

$38.31 /

-0.05 (-0.13%)

Commvault announced that…

Commvault announced that its Board of Directors has adopted a limited duration shareholder rights plan. The Rights Plan expires on April 1, 2021. Pursuant to the Rights Plan, the company is issuing one right for each share of common stock outstanding at the close of business on April 13, 2020. The rights will become exercisable only if an entity, person or group acquires beneficial ownership of 10% or more of the company's common stock, or 20% in the case of certain passive investors. Any person or group owning above the applicable threshold at the time of public announcement of the Rights Plan will cause the rights to become exercisable only if the person or group acquires beneficial ownership of additional common stock. When the rights become exercisable, each holder of a right will be entitled to purchase, at the then-current exercise price (which was initially set at $200.00 per right), additional shares of common stock having a value of twice the exercise price of the right (a 50% discount). Rights held by any entity, person or group whose actions trigger the Rights Plan, and those of certain related parties, would become void. Prior to the rights becoming exercisable, the rights are redeemable for $0.01 per right at the option of the Board.

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Southwest applies for U.S. grant to cover employee costs, Bloomberg says » 18:37
04/03/20
04/03
18:37
04/03/20
18:37
LUV

Southwest

$30.53 /

-0.97 (-3.08%)

The company is seeking…

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Hot Stocks
Two Harbors estimates book value 'has not changed materially' » 18:31
04/03/20
04/03
18:31
04/03/20
18:31
TWO

Two Harbors

$2.42 /

-0.985 (-28.97%)

Two Harbors provided the…

Two Harbors provided the following updates with respect to its business, through the close of business on April 3. "As a result of our portfolio management decisions in recent weeks, our liquidity position remains quite strong. We continue in our efforts to be prudent risk managers and are confident that we will continue to be in a position to meet margin calls in the ordinary course of our business. Previously we reported that we completed the sale of substantially all of our non-Agency portfolio; subsequent to that, we have sold additional non-Agency securities reducing that exposure to a de minimis level. With the disposition of this position, we have eliminated the risk of outsized margin calls and ongoing funding concerns associated with the significant widening on these assets. The repo markets for Agency RMBS continue to function well and we have experienced no issues in accessing this source of funding. The actions taken by the Federal Reserve to purchase Agency RMBS have been successful in stabilizing the market and our portfolio has benefitted from the resulting spread tightening. We are encouraged by the continued focus by the Treasury, Federal Reserve, FHFA and other governmental agencies on servicing advance issues that will be attendant to the mortgage loan forbearance programs announced in connection with the CARES Act. As the servicer of record for the MSR assets in our portfolio, we are responsible for continuing to advance principal, interest, taxes and insurance on mortgage loans that are in forbearance, delinquency or default. Although the potential aggregate size of the servicing advance obligations is not known, at this time we believe that we will be well positioned from a liquidity standpoint to continue to make servicing advances in the future. This is a situation that we are monitoring closely. We estimate that our book value has not changed materially since our last company update."

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Hot Stocks
Constellation Brands CEO: People buy brands they trust in tough times » 18:29
04/03/20
04/03
18:29
04/03/20
18:29
STZ

Constellation Brands

$132.00 /

+1.99 (+1.53%)

, STZ.B

Constellation Brands; also tag STZ

$130.00 /

+3 (+2.36%)

, CGC

Canopy Growth

$13.23 /

-0.56 (-4.06%)

In an interview on…

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United Airlines cuts ~80% of capacity for April, sees larger cuts in May » 18:16
04/03/20
04/03
18:16
04/03/20
18:16
UAL

United Airlines

$22.89 /

-0.53 (-2.26%)

In a regulatory filing,…

In a regulatory filing, the company said, "United Airlines has continued to experience a material decline in demand for both international and domestic travel resulting from the spread of coronavirus. As of March 31, 2020, over 270 million people in the United States in at least 33 states, the District of Columbia and Puerto Rico were under instructions to stay home or "shelter in place," and to avoid any non-essential travel. The company has cut approximately 80% of its capacity for April, with passenger load factors expected to fall into the teens or single digits during that time frame, and currently expects to make even larger capacity cuts in May 2020. The company plans to proactively evaluate and cancel flights on a rolling 90-day basis until it sees signs of a recovery in demand. As of the date of this report, the company is estimating a loss of revenue of over $100 million per day in March 2020 compared to the prior period, and the company is estimating for planning purposes a reduction in revenue of at least 30% for the fourth quarter of 2020 compared to the prior period."

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Periodicals
Zoom to make waiting room feature turn on by default, CNBC says » 18:04
04/03/20
04/03
18:04
04/03/20
18:04
ZM

Zoom Video

$128.08 /

+6.24 (+5.12%)

Zoom said in an email…

Zoom said in an email that, beginning Sunday, its waiting room feature will be turned on by default, meaning that the meeting organizer will be able to control which participants can enter a videoconference, CNBC's Ari Levy and Jordan Novet report. "The Waiting Room is just like it sounds: It's a virtual staging area that prevents people from joining a meeting until the host is ready," the email said. Reference Link

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Anworth Mortgage estimates book value down ~ 40% at March 31 » 18:03
04/03/20
04/03
18:03
04/03/20
18:03
ANH

Anworth Mortgage

$0.84 /

-0.1452 (-14.80%)

The company said,…

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Periodicals
Avolon cancels order for 75 Boeing MAX aircraft, 4 Airbus jets, Reuters reports » 18:02
04/03/20
04/03
18:02
04/03/20
18:02
BA

Boeing

$124.59 /

+1.38 (+1.12%)

, EADSY

Airbus

$0.00 /

+ (+0.00%)

Avolon said it has…

Avolon said it has terminated an order for 75 Boeing (BA) MAX jets that were scheduled to be delivered by 2023 as it adjusts its order book to the sector disruption caused by the COVID-19 pandemic, Reuters reports. The company also cancelled commitments for four Airbus (EADSY) A330neo planes and deferred delivery dates for an additional 25 narrowbody jets to 2024 and beyond, the report notes. Reference Link

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Hot Stocks
AptarGroup requests FDA EUA for N95 masks with ActivShield » 17:59
04/03/20
04/03
17:59
04/03/20
17:59
ATR

AptarGroup

$94.37 /

-1.16 (-1.21%)

AptarGroup is seeking…

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Berkshire Hathaway sells 12.9M Delta shares, 2.3M Southwest shares » 17:55
04/03/20
04/03
17:55
04/03/20
17:55
BRK.A

Berkshire Hathaway

$268,500.00 /

-800 (-0.30%)

, BRK.B

Berkshire Hathaway

$178.24 /

-1.5 (-0.83%)

, DAL

Delta Air Lines

$22.48 /

-0.19 (-0.84%)

, LUV

Southwest

$30.53 /

-0.97 (-3.08%)

In two regulatory…

In two regulatory filings, Warren Buffett's Berkshire Hathaway (BRK.A) disclosed the sale of 12.9M common shares of Delta Air lines (DAL) and about 2.3M common shares of Southwest (LUV). Berkshire sold the Delta shares at a price range of $22.9646-$25.2729 per share on April 1 and April 2, and the firm sold the Southwest shares at a price range of $31.376-$33.9675 per shrae on April 1 and April 2.

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SPDR Gold Shares holdings rise to 978.99MT from 971.97MT » 17:54
04/03/20
04/03
17:54
04/03/20
17:54
GLD

SPDR Gold Shares

$152.79 /

+0.9 (+0.59%)

This is the 4th…

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United Airlines estimates 30% decline in Q4 revenue, CNBC reports  17:51
04/03/20
04/03
17:51
04/03/20
17:51
UAL

United Airlines

$22.89 /

-0.53 (-2.26%)

 
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BofA receives 85,000 applications from small business clients, CNBC says » 17:49
04/03/20
04/03
17:49
04/03/20
17:49
BAC

Bank of America

$20.03 /

-0.535 (-2.60%)

Bank of America claims it…

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Apple acquires AI startup Voysis, Bloomberg reports » 17:37
04/03/20
04/03
17:37
04/03/20
17:37
AAPL

Apple

$241.43 /

-3.27 (-1.34%)

Apple has purchased…

Apple has purchased Voysis, an AI startup that developed a platform for digital voice assistants to better understand users' natural language, Bloomberg's Mark Gurman reports. The startup focused on improving digital assistants within online shopping apps, so the software could respond more accurately to voice commands, Gurman notes. Reference Link

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GM requests U.S. tariff relief for ventilator parts, WSJ reports » 17:35
04/03/20
04/03
17:35
04/03/20
17:35
GM

General Motors

$18.03 /

-0.15 (-0.83%)

General Motors is asking…

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Barrick Gold targets 5M oz of gold annual production over next decade » 17:32
04/03/20
04/03
17:32
04/03/20
17:32
GOLD

Barrick Gold

$19.95 /

+0.1 (+0.50%)

Since its merger with…

Since its merger with Randgold Resources at the beginning of last year Barrick Gold has moved a long way towards building a modern mining business, says Executive Chairman John Thornton in the company's Information Circular for 2020 published today. The Circular follows the recent publication of Barrick's 2019 Annual Report in which President and Chief Executive Mark Bristow said the work done during the past year had equipped management well to take Barrick to the next level. Included in the report is Barrick's ten-year production plan which projects production of around 5M oz of gold per year over the next decade.

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Union official: Exxon plays on COVID-19 worries in negotiations, Reuters says » 17:31
04/03/20
04/03
17:31
04/03/20
17:31
XOM

Exxon Mobil

$39.20 /

-1.19 (-2.95%)

A union official said…

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Kraft Heinz halts production at three factories, Reuters reports » 17:28
04/03/20
04/03
17:28
04/03/20
17:28
KHC

Kraft Heinz

$25.31 /

+0.67 (+2.72%)

Kraft Heinz is pausing…

Kraft Heinz is pausing production at three plants providing restaurant supplies but has added shifts at other sites to meet demand for packaged foods amid the COVID-19 pandemic, Reuters' Carolina Mandl reports. CEO Miguel Patricio said in a video presentation that the closed factories, two in the U.S. and one in the U.K., are in the food service segment and saw demand fall due to the outbreak, particularly in Europe, Mandl says. Reference Link

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Huntington Ingalls awarded $1.51B Navy contract modification » 17:25
04/03/20
04/03
17:25
04/03/20
17:25
HII

Huntington Ingalls

$180.99 /

+0.89 (+0.49%)

Huntington Ingalls was…

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Nordstrom names Jim Donald, Mark Tritton to board of directors » 17:24
04/03/20
04/03
17:24
04/03/20
17:24
JWN

Nordstrom

$13.07 /

-0.09 (-0.68%)

, BBBY

Bed Bath & Beyond

$3.94 /

+0.385 (+10.83%)

Nordstrom (JWN) announced…

Nordstrom (JWN) announced the appointment of two new members to its Board of Directors: Jim Donald, co-chairman of Albertsons Companies, Board of Directors and Mark Tritton, president and CEO of Bed Bath & Beyond (BBBY). The company previously shared that board members Kevin Turner and Gordon Smith have chosen not to seek re-election to the Board at the expiration of their respective terms at the company's annual shareholders meeting on May 20. Additionally, the Board announced planned changes designed to enhance its corporate governance. This will include reducing the maximum size of the Board from 11 to 10 over the next two years and introducing a 10-year term limit for independent directors.

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Anterix files $150M mixed securities shelf  17:23
04/03/20
04/03
17:23
04/03/20
17:23
ATEX

Anterix

$39.70 /

-5.24 (-11.66%)

 
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Goodyear Tire cuts, defers compensation for CEO, other executives » 17:22
04/03/20
04/03
17:22
04/03/20
17:22
GT

Goodyear Tire

$5.38 /

-0.37 (-6.43%)

In a regulatory filing,…

In a regulatory filing, The Goodyear Tire & Rubber Company disclosed actions that the company has taken that will affect the compensation of its U.S. salaried associates, including all of its elected officers. With respect to its elected officers, effective April 1, each officer's base salary will be reduced until at least June 30, with a portion of the reduction in base salary to be deferred. Deferred amounts are anticipated to be paid in March 2021. For the CEO, the base salary reduction will be 50% of his total base salary, with 25% of his total base salary deferred. For each of the other named executive officers, the base salary reduction will be 30% of their respective total base salary, with 20% of their respective total base salary deferred.

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ESPN2 to broadcast 12 hours of esports programming on April 5 » 17:22
04/03/20
04/03
17:22
04/03/20
17:22
DIS

Disney

$93.87 /

-3.125 (-3.22%)

, TTWO

Take-Two

$118.59 /

-0.96 (-0.80%)

, EA

Electronic Arts

$102.83 /

+0.53 (+0.52%)

Disney's (DIS) ESPN2…

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Franchise Group provides update on COVID-19 outbreak impact » 17:17
04/03/20
04/03
17:17
04/03/20
17:17
FRG

Franchise Group

$7.05 /

-1.1 (-13.50%)

Franchise Group provided…

Franchise Group provided a business update primarily based on the impact of COVID-19. The following actions have been taken by the company in response to the impact of the COVID-19 outbreak: All of the company's operating businesses, except American Freight, have been deemed essential businesses and remain open in most States; Store and distribution center associates, who are voluntarily choosing to work, have been provided proper cleaning and protective supplies to ensure the safety of themselves and our customers; All of the company's corporate offices have been temporarily closed and corporate associates are working remotely; Effective April 1, the company's executive leadership has voluntarily agreed to a temporary reduction in their base salaries. The CEO took a 50% base salary reduction while the company's other executive officers took reductions of 30%-40% of their base salaries; The board of the company has agreed to a temporary reduction of its compensation by 50%; Where the company's stores have been mandated to close, the company has furloughed workers to give them the ability to receive government benefits while committing to pay 100% of their health and welfare benefits through at least April 30; The company is working to conserve cash and maintain liquidity and has had all operating companies (i) approach their landlords to seek rent deferrals and abatements; (ii) work with vendors and suppliers to extend payment terms; (iii) suspend all non-essential capital expenditures; (iv) dramatically reduce non-committed or contractual marketing activities; and (v) delay non-essential projects and programs; In addition to the $120M of cash on hand at the end of fiscal March, the company expects a significant increase in cash in the coming months from anticipated tax refunds of over $40M generated from new regulations in the Coronavirus Aid, Relief, and Economic Security Act, as well as potential positive working capital adjustments from recent acquisitions; and the company has been evaluating every aspect of the CARES Act to determine if there are any additional opportunities for tax relief or funding.

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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.