2020-05-01 07:53:08 KBR KBR
05/01/20 05/0107:53 05/01/2007:53 | KBR price target lowered to $32 from $36 at CowenCowen analyst Gautam Khanna lowered the firm's price target on KBR to $32 from $36 and keeps an Outperform rating on the shares. The analyst said after weeks of erratic trading the stock's price implies a discount to the sum-of-the-parts value that is too large to ignore. He recommends buying the shares as there are several catalysts including its investor day in June. |
|
---|---|---|
|
General news
| Treasury Market Summary:… Treasury Market Summary: nonfarm payrolls bolted 379k higher and the blowout jobs report made for some big swings in the markets before both bonds and stocks settled into gains in late day trading. The markets were volatile but not disorderly and the relative calm was beneficial in general. Treasury yields shot higher with longer dated maturities breaching the February 25 intraday highs to post the cheapest rates in over a year. The wi 10-year rose over 6 bps to test 1.624% before slipping back to 1.57% at the close. The wi 30-year bond was 2 bps lower at 2.305%, and the 2-year was down 0.8 bps to 0.137%. Wall Street was knocked lower again in reaction to the rise in rates, as has been the recent trend. The S&P 500 dropped -1% to hit 3730 before dip buying emerged, supported by a "good news is good news" trade. All of the indexes climbed through the afternoon with the S&P 500 leading the rally, finishing 1.95% firmer at 3841 to boost the index 1% higher to 3823. The Dow rose 1.85% to 31,496. And after lagging much of the session, the NASDAQ closed up 1.55% to 12,920. View the summary. |
Hot Stocks
|
Ellington Financial reports estimated book value per share of $18.06 on Feb 28 »
19:00 03/05/21 03/0519:00 03/05/2119:00
EFC
Ellington Financial
The company announced its… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Adaptive Biotechnologies says FDA issues EUA for T-Detect COVID »
18:47 03/05/21 03/0518:47 03/05/2118:47
ADPT
Adaptive Biotechnologies
Microsoft
Adaptive Biotechnologies… Adaptive Biotechnologies (ADPT) announced that the U.S. FDA issued an Emergency Use Authorization for T-Detect COVID to confirm recent or prior COVID-19 infection. This first-in-class T cell- based test is the first indication resulting from Adaptive's TCR-Antigen Map collaboration with Microsoft (MSFT). ShowHide Related Items >><<
|
Hot Stocks
|
Okta CEO: Really excited about the execution of the company »
18:28 03/05/21 03/0518:28 03/05/2118:28
OKTA
Okta
SolarWinds
In an interview on… Story temporarily locked. ShowHide Related Items >><<
|
Periodicals
|
California to allow theme parks, sports stadiums to reopen soon, L.A. Times says »
18:02 03/05/21 03/0518:02 03/05/2118:02
DIS
Disney
Cedar Fair
SeaWorld
Six Flags
The state of California… The state of California will allow theme parks and sports stadiums in the state to welcome back visitors sooner than expected under new guidance unveiled Friday, the Los Angeles Times' Luke Money and Rong-Gong Lin II report. While the changes don't mean such facilities can operate at full capacity right away, they do reflect the state's growing sentiment that it is now possible to resume certain activities as COVID-19 case rates decline and as the vaccine rollout continues to ramp up, the authors note. Beginning April 1, amusement parks in California will be eligible to reopen with limited capacity in counties that are in the red tier, also known as the second-strictest of the state's four-category reopening roadmap, the authors say. Companies that operate theme parks in California include Disney (DIS), Cedar Fair (FUN), SeaWorld (SEAS), and Six Flags (SIX). Reference Link ShowHide Related Items >><<
|
Hot Stocks
|
SPDR Gold Shares holdings fall to 1,069.26MT from 1,078.30MT »
17:54 03/05/21 03/0517:54 03/05/2117:54
GLD
SPDR Gold Shares
This is the 3rd… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
First Solar's Hambro sells 10,000 common shares »
17:50 03/05/21 03/0517:50 03/05/2117:50
FSLR
First Solar
In a regulatory filing,… In a regulatory filing, First Solar director George A. Hambro disclosed the sale of 10,000 common shares of the company on March 3 at a price of $80.67 per share. ShowHide Related Items >><<
|
Hot Stocks
|
CytoDyn says Phase 3 leronlimab trial demonstrates survival rate improvement »
17:49 03/05/21 03/0517:49 03/05/2117:49
CYDY
CytoDyn
CytoDyn reported the… Story temporarily locked. ShowHide Related Items >><<
|
Periodicals
|
Standard General invigorates push for Tegna board seats, Bloomberg reports »
17:47 03/05/21 03/0517:47 03/05/2117:47
TGNA
Tegna
Standard General LP,… Standard General LP, which owns a 9.2% interest in Tegna, is ramping up its push for board seats at the company a year after investors spurned its call for change as the COVID-19 pandemic took hold, Bloomberg's Scott Deveau reports. Standard General CEO Soo Kim told Bloomberg in an interview that his slate of nominees would bring ample industry experience and diverse points of view to Tegna's board. Kim claims that Tegna has benefited from the firm's activism even without the firm having representation on the board, Deveau notes. Reference Link ShowHide Related Items >><<
|
Hot Stocks
|
Freeport McMoRan's Ford sells 300,000 common shares »
17:38 03/05/21 03/0517:38 03/05/2117:38
FCX
Freeport McMoRan
In a regulatory filing,… Story temporarily locked. ShowHide Related Items >><<
|
Periodicals
|
Most Senate Dems agree to lower jobless benefits to $300 per week, WSJ says »
17:37 03/05/21 03/0517:37 03/05/2117:37
SPX
S&P 500
SPDR S&P 500 ETF Trust
Most Senate Democrats… Most Senate Democrats agreed to cut weekly federal unemployment benefits to $300 a week from the $400 passed by the House as part of a $1.9T COVID-19 relief bill, the Wall Street Journal's Kristina Peterson, Andrew Duehren, and Richard Rubin report. Most Democratic senators agreed to cut the benefits but extend them through October 4 instead of August 29, the authors say, noting that Democrats also proposed making the first $10,200 of the 2020 benefits nontaxable. Reference Link ShowHide Related Items >><<
|
Hot Stocks
|
Luokung Technology gets suspension of trading notice from Nasdaq »
17:32 03/05/21 03/0517:32 03/05/2117:32
LKCO
Luokung Technology
Luokung Technology… Story temporarily locked. ShowHide Related Items >><<
|
Syndicate
|
Passage Bio files to sell $125M of common stock »
17:25 03/05/21 03/0517:25 03/05/2117:25
PASG
Passage Bio
Cowen and Company is… Cowen and Company is managing the offering. ShowHide Related Items >><<
|
Syndicate
|
Coursera files registration statement for initial public offering »
17:25 03/05/21 03/0517:25 03/05/2117:25
COUR
Coursera
Coursera announced that… Story temporarily locked. |
Syndicate
|
Passage Bio files automatic mixed securities shelf
17:24 03/05/21 03/0517:24 03/05/2117:24
PASG
Passage Bio
ShowHide Related Items >><<
|
Conference/Events
|
Washington Trust management to meet virtually with Compass Point »
17:23 03/05/21 03/0517:23 03/05/2117:23
WASH
Washington Trust
Virtual Meeting to be… Story temporarily locked. ShowHide Related Items >><<
|
Conference/Events
|
Silvergate Capital management to meet virtually with Compass Point »
17:21 03/05/21 03/0517:21 03/05/2117:21
SI
Silvergate Capital
Virtual Meeting to be… Virtual Meeting to be held on March 8 hosted by Compass Point. ShowHide Related Items >><<
|
Periodicals
|
30K U.S. groups hacked via Microsoft email software flaws, KrebsOnSecurity says »
17:07 03/05/21 03/0517:07 03/05/2117:07
MSFT
Microsoft
SolarWinds
No fewer than 30,000… Story temporarily locked. ShowHide Related Items >><<
|
Syndicate
|
Biohaven Pharmaceutical files to sell 115,836 shares of common stock for holders
17:03 03/05/21 03/0517:03 03/05/2117:03
BHVN
Biohaven Pharmaceutical
ShowHide Related Items >><<
|
Periodicals
|
American Air 737 MAX jet declared emergency, lands safely, Reuters says »
17:01 03/05/21 03/0517:01 03/05/2117:01
AAL
American Airlines
Boeing
American Airlines (AAL)… Story temporarily locked. ShowHide Related Items >><<
|
Syndicate
|
Repay Holdings files $750M mixed securities shelf
16:54 03/05/21 03/0516:54 03/05/2116:54
RPAY
Repay Holdings
ShowHide Related Items >><<
|
On The Fly
|
Fly Intel: Wall Street's top stories for Friday »
16:54 03/05/21 03/0516:54 03/05/2116:54
COST
Costco
Broadcom
Virgin Galactic
Norwegian Cruise Line
Carnival
Royal Caribbean
Johnson & Johnson
Robinhood
Nasdaq
Sify Technologies
Blackstone
Waitr Holdings
Medallia
Certara
Equity futures climbed in… ShowHide Related Items >><<
|
Hot Stocks
|
AT&T says SEC allegations 'meritless' »
16:50 03/05/21 03/0516:50 03/05/2116:50
T
AT&T
AT&T said:… AT&T said: "Today's civil suit filed by the Securities and Exchange Commission targeting three AT&T mid-level investor relations employees for conversations they had with analysts five years ago represents a significant departure from the SEC's own long-standing Regulation FD enforcement policy and is inconsistent with the testimony of all who participated in these conversations. Tellingly, after spending four years investigating this matter, the SEC does not cite a single witness involved in any of these analyst calls who believes that material nonpublic information was conveyed to them. The information discussed during these March and April 2016 conversations concerned the widely reported, industry-wide phase-out of subsidy programs for new smartphone purchases and the impact of this trend on smartphone upgrade rates and equipment revenue. Not surprisingly, without device subsidies, customers upgraded their smartphones less frequently, leading to a reduction in equipment revenue. Not only did AT&T publicly disclose this trend on multiple occasions before the analyst calls in question, but AT&T also made clear that the declining phone sales had no material impact on its earnings. Analysts and the news media frequently wrote about this trend and investors understood that AT&T's core business was selling connectivity (i.e., wireless service plans), not devices, and that smartphone sales were immaterial to the company's earnings. The evidence could not be clearer - and the lack of any market reaction to AT&T's first quarter 2016 results confirms - there was no disclosure of material nonpublic information and no violation of Regulation FD. The SEC's pursuit of this matter will not protect investors and instead will only serve to chill productive communications between companies and analysts, something the SEC was worried about when it adopted Regulation FD some 20 years ago. Unfortunately, this case will only create a climate of uncertainty among public companies and the analysts who cover them. AT&T maintains the highest standards of ethics and compliance and we look forward to having our "day in court" to demonstrate conclusively that our investor relations employees complied with Regulation FD, and that the allegations in the SEC's complaints are meritless." ShowHide Related Items >><<
|
Hot Stocks
|
Walmart adds former AT&T CEO Randall Stephenson to board »
16:44 03/05/21 03/0516:44 03/05/2116:44
WMT
Walmart
AT&T
Walmart (WMT) announced… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
AnPac Bio regain compliance with Nasdaq listing requirement »
16:42 03/05/21 03/0516:42 03/05/2116:42
ANPC
AnPac Bio
AnPac Bio-Medical Science… AnPac Bio-Medical Science announced consecutive business days, from February 16 to March 3, 2021, the market value of the company's listed securities had been $50,000,000 or greater. Accordingly, Nasdaq determined that the company has regained compliance with Nasdaq Listing Rule 5450(b)(2)(A), and this matter has now been closed by Nasdaq. ShowHide Related Items >><<
|