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GKOS

Glaukos

$27.54 /

+1.83 (+7.12%)

09:07
03/24/20
03/24
09:07
03/24/20
09:07

Glaukos provides COVID-19 update, withdraws Q1, FY20 guidance

Glaukos provided an update on the actions it is taking in response to the COVID-19 pandemic. In order to prioritize the health and safety of employees, healthcare professionals, patients and its communities, while continuing to support its customers, Glaukos has acted quickly in recent weeks to implement a number of measures: Health and Safety: In a continuing effort to take steps to protect the health and safety of our workforce and their families and communities, and based on applicable orders and recommendations from federal and local government and health agencies, all employees, with the exception noted below, have been required to work from home. The company has also implemented other measures, such as restricting travel, to protect the health and safety of our customers, their patients and our employees. Maintaining Operations: Consistent with applicable exceptions, Glaukos is maintaining streamlined manufacturing, assembly and other related processes at this time in order to continue providing products to our customers. Glaukos employees involved in such operation-critical processes are organized into a number of small shifts designed to minimize the time any one individual is required to be onsite. For these employees, we have implemented a number of other recommended best practices to protect the health and safety of our workforce. "Our hearts go out to anyone affected by the virus and we are especially grateful for the healthcare providers who are selflessly caring for those who are ill. During these challenging times, our first priority is the health and safety of our employees, customers, patients, providers and the communities in which we operate," said Thomas Burns, Glaukos president and chief executive officer. "While our business may be materially impacted over the short-term as procedures may be temporarily deferred in countries and regions impacted by the COVID-19 outbreak, we have acted proactively to implement several initiatives to best preserve our near-term and future growth opportunities, support our customers and reduce non-essential discretionary spending. These initiatives, paired with our strong current financial position, leave us well-positioned to ultimately provide our essential ophthalmic therapies to customers and their patients who will return for treatment as we move past the peak of this current crisis. I am confident that the longer-term fundamental prospects of our business remain strong and unchanged as we advance our mission to transform the treatment of chronic eye diseases with novel therapies that provide sustainable solutions to important clinical needs." As of December 31, 2019, Glaukos had approximately $183 million in cash and cash equivalents, short-term investments and restricted cash. Additionally, the company does not carry any outstanding debt obligations. Due to the rapidly evolving environment and continued uncertainties from the impact of COVID-19, Glaukos is withdrawing its previously announced first quarter and annual guidance for 2020, which was issued on February 27, 2020. At this date, Glaukos cannot predict the specific extent, or duration, of the impact of the COVID-19 outbreak on its financial and operating results. Glaukos plans to provide additional information, to the extent practicable, during its first quarter earnings call in May.

GKOS Glaukos
$27.54 /

+1.83 (+7.12%)

03/04/20 Citi
Glaukos initiated with a Sell at Citi
02/28/20 JPMorgan
Glaukos downgraded to Neutral on lower than expected growth at JPMorgan
02/28/20 Stephens
Glaukos price target lowered to $69 from $80 at Stephens
02/28/20 JPMorgan
Glaukos downgraded to Neutral from Overweight at JPMorgan

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Citi downgrades Huazhu on COVID-19 uncertainties after Goldman upgrade » 21:01
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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
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PSX

Phillips 66

$52.29 /

-2.2 (-4.04%)

RBC Capital analyst Brad…

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

China Resources Cement

$0.00 /

+ (+0.00%)

Goldman Sachs analyst…

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

CVR Energy

$15.16 /

-2.255 (-12.95%)

, DK

Delek US

$13.75 /

-0.28 (-2.00%)

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Brookfield downgraded to Market Perform from Outperform at Keefe Bruyette » 20:45
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BAM

Brookfield

$42.23 /

-1.53 (-3.50%)

Keefe Bruyette analyst…

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

Hamilton Lane

$55.38 /

-1.34 (-2.36%)

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

Huazhu Group

$27.81 /

-2.08 (-6.96%)

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

Amgen

$198.49 /

+ (+0.00%)

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

Cigna

$161.03 /

-8.39 (-4.95%)

, HUM

Humana

$297.02 /

-7.99 (-2.62%)

Cigna (CI) and Humana…

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International Paper selling Brazilian corrugated packaging business » 20:13
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IP

International Paper

$30.60 /

-0.45 (-1.45%)

International Paper has…

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EVO Payments announces $150M investment, suspends FY20 guidance » 20:12
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EVOP

EVO Payments

$13.92 /

-1.57 (-10.14%)

EVO Payments announced…

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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 /

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, 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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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…

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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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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…

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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…

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Conference/Events
Summit Wireless to host special shareholder meeting » 17:38
03/29/20
03/29
17:38
03/29/20
17:38
WISA

Summit Wireless

$0.31 /

+0.0147 (+5.01%)

Special Shareholder…

Special Shareholder Meeting to approve an amendment to the Company's Certificate of Incorporation to effect a reverse stock split of all of the outstanding shares of common stock will be held in Hillsboro, Oregon on March 31 at 5 pm.

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Conference/Events
BioCardia to hold a conference call » 17:27
03/29/20
03/29
17:27
03/29/20
17:27
BCDA

BioCardia

$2.76 /

+0.01 (+0.36%)

Management, along with…

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MyoKardia to host conference call » 17:20
03/29/20
03/29
17:20
03/29/20
17:20
MYOK

MyoKardia

$53.65 /

+0.76 (+1.44%)

Conference call to…

Conference call to discuss the results from the MAVERICK-HCM Phase 2 Study will be held on March 30 at 4:30 pm. Webcast Link

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IMC International Mining to host conference call » 17:10
03/29/20
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17:10
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17:10
IMIMF

IMC International Mining

$0.00 /

+ (+0.00%)

In-Coming Chairman of IMC…

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GoDaddy to hold a virtual meeting » 17:02
03/29/20
03/29
17:02
03/29/20
17:02
GDDY

GoDaddy

$56.84 /

-1.64 (-2.80%)

Virtual Investor Day to…

Virtual Investor Day to be held on April 2 at 1 pm. Webcast Link

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CBS News executive dies from coronavirus, CBS News reports » 16:55
03/29/20
03/29
16:55
03/29/20
16:55
VIAC

ViacomCBS

$12.79 /

-1.19 (-8.51%)

CBS News' executive…

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SoftBank-backed Plenty in talks to raise cash, Bloomberg reports » 16:53
03/29/20
03/29
16:53
03/29/20
16:53
SFTBY

SoftBank

$0.00 /

+ (+0.00%)

Indoor farming startup…

Indoor farming startup Plenty is in talks to raise $100M or more in a fresh round of funding, Bloomberg's Gillian Tan and Katie Roof report, citing people familiar with the matter. SoftBank's Vision Fund is in discussions to lead a new fundraising round for Plenty at or below the $1B valuation that was ascribed to it in its most recent round, said the people. Reference Link

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