2020-12-01 04:55:00 MEG Montrose Environmental
12/01/20 12/0104:55 12/01/2004:55 | Montrose Environmental management to meet virtually with NeedhamVirtual Meeting to be held on December 1 hosted by Needham. |
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General news
| Asian Market Update:… Asian Market Update: Stock markets have mostly moved higher across Asia. Mainland China bourses, which outperformed yesterday, were a notable exception and the CSI 300 is currently down -1.6%, but generally risk appetite improved and Treasury yields have climbed 2.6 bp. The Nikkei is currently up 1.4%, the Hang Seng 2.2% and the ASX closed with a gain of 1.2%. Markets are buying into reports that Fed Chair Yelle will call on the government to "act big" on spending at the Senate confirmation hearing, which should not just revive confidence in substantial stimulus programs to boost the recovery, but also confirm that the Fed won't spoil the party by reigning in monetary policy too early. In FX markets the yen is lower across the board and while USD-JPY lifted to 104.03, the dollar is weaker against most other currencies. The front end WTI future is trading at USD 52.32. |
Hot Stocks
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Logitech does not expect level of margin expansion to sustain »
21:23 01/18/21 01/1821:23 01/18/2121:23
LOGI
Logitech
Logitech said in prepared… Logitech said in prepared earnings remarks, "Our Q3 non-GAAP gross margin expanded 760 basis points to 45.2%, driven by higher sales volume, favorable product mix, continued focus on maintaining low promotional spending, and currency exchange rate tailwinds. While gross margin has been above our target range of 36-40%, we continue to expect to see increased promotional spend as supply stabilizes and we are actively exploring opportunities to reinvest our gross margin rate upside into economically attractive online and retail initiatives. As a result, we do not expect this level of gross margin to sustain." ShowHide Related Items >><<
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Earnings
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Logitech raises FY21 sales growth outlook to 57%-60% from 35%-40% »
21:21 01/18/21 01/1821:21 01/18/2121:21
LOGI
Logitech
The company said,… The company said, "Logitech raised its Fiscal Year 2021 annual outlook to between 57 and 60 percent sales growth in constant currency, and approximately $1.05 billion in non-GAAP operating income. The Company's previous outlook was between 35 and 40 percent sales growth in constant currency, and a range of $700 million to $725 million in non-GAAP operating income." ShowHide Related Items >><<
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Earnings
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Logitech reports Q3 EPS $2.45, consensus $1.02 »
21:20 01/18/21 01/1821:20 01/18/2121:20
LOGI
Logitech
Reports Q3 revenue… Reports Q3 revenue $1.67B, consensus $1.23B. The company said, "This quarter's record results demonstrate the strength of our portfolio, addressing long-term growth trends in remote work and education, video collaboration, esports, and digital content creation. We are increasingly investing in our capabilities and people for the growth potential we see in the future. Logitech has never been more relevant to our customers' work, play and creativity." ShowHide Related Items >><<
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Periodicals
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Biden to block Trump's plan to lift COVID travel restrictions, Reuters reports »
20:10 01/18/21 01/1820:10 01/18/2120:10
ALK
Alaska Air
Southwest
Delta Air Lines
JetBlue
United Airlines
Spirit Airlines
American Airlines
U.S. President-elect Joe… U.S. President-elect Joe Biden plans to quickly extend travel restrictions barring travel by most people who have recently been in much of Europe and Brazil soon after President Donald Trump lifted those requirements effective Jan. 26, Reuters' David Shepardson reports, citing a spokeswoman for Biden. Publicly traded companies in the space include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL).Reference Link ShowHide Related Items >><<
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Recommendations
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JPMorgan price target raised to $150 from $135 at Keefe Bruyette »
18:35 01/18/21 01/1818:35 01/18/2118:35
JPM
JPMorgan
Keefe Bruyette analyst… Keefe Bruyette analyst Brian Kleinhanzl raised the firm's price target on JPMorgan to $150 from $135 and keeps a Market Perform rating on the shares following the company's Q4 results. JPMorgan posted a beat largely on lower provision expense, Kleinhanzl tells investors in a research note. ShowHide Related Items >><<
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Recommendations
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Wells Fargo price target raised to $38 from $36 at Keefe Bruyette »
18:33 01/18/21 01/1818:33 01/18/2118:33
WFC
Wells Fargo
Keefe Bruyette analyst… Keefe Bruyette analyst Brian Kleinhanzl raised the firm's price target on Wells Fargo to $38 from $36 and keeps an Outperform rating on the shares. Following the quarter, the analyst reduced earnings estimates modestly buy says a lower tax rate helped offset negatives. He believes the long-term investment thesis remains intact. ShowHide Related Items >><<
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Periodicals
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Trump lifting COVID travel restrictions on Europe/Brazil, Reuters reports »
18:22 01/18/21 01/1818:22 01/18/2118:22
ALK
Alaska Air
Southwest
Delta Air Lines
JetBlue
United Airlines
Spirit Airlines
American Airlines
President Donald Trump… President Donald Trump will rescind entry bans for most non-U.S. citizens who recently were in Brazil and much of Europe starting on Jan. 26, Reuters' David Shepardson reports, citing two officials briefed on the matter. The restrictions are set to end under a new proclamation from Trump the same day that new COVID-19 test requirements take effect for all international visitors, the author adds. Publicly traded companies in the space include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL).Reference Link ShowHide Related Items >><<
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Hot Stocks
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Turquoise Hill reports 2020 copper production of149,631 tonnes »
18:17 01/18/21 01/1818:17 01/18/2118:17
TRQ
Turquoise Hill
Turquoise Hill Resources… Turquoise Hill Resources announced Q4 production for Oyu Tolgoi, as well as operational and financial guidance for 2021. The company said work on the Oyu Tolgoi project "has continued to progress despite COVID-19 controls and ongoing travel restrictions implemented by the Government of Mongolia. Although expatriates started to return to Mongolia from July through December 2020, COVID-19 cases in-country have resulted in increased restrictions on both domestic and international travel." It also reported 2020 year copper production of 149,631 tonnes versus the original guidance range of 140,000 - 170,000 tonnes. Full year gold production was 181,858 ounces versus original guidance range of 120,000 - 150,000 ounces. For 2021, Oyu Tolgoi is expected to produce 160,000 to 180,000 tonnes of copper and 500,000 to 550,000 ounces of gold in concentrates in 2021 from processing of both open pit and underground development material. Operating cash costs for 2021 are expected to be $800M to $850M. ShowHide Related Items >><<
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Upgrade
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Brown & Brown upgraded to Outperform from Market Perform at Keefe Bruyette »
18:13 01/18/21 01/1818:13 01/18/2118:13
BRO
Brown & Brown
Keefe Bruyette analyst… Keefe Bruyette analyst Meyer Shields upgraded Brown & Brown to Outperform from Market Perform with a price target of $54, up from $50. The analyst expects accelerating organic growth and margin expansion from the company's near "pure-play" domestic insurance brokerage status. This implies exposure to "already-widespread" domestic commercial property and casualty rate increases and expected domestic 2021 economic growth, which should drive share outperformance over the next 12 months, Shields tells investors in a research note. ShowHide Related Items >><<
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Recommendations
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PNC Financial price target raised to $167 from $150 at Keefe Bruyette »
18:11 01/18/21 01/1818:11 01/18/2118:11
PNC
PNC Financial
Keefe Bruyette analyst… Keefe Bruyette analyst Brian Klock raised the firm's price target on PNC Financial to $167 from $150 and keeps a Market Perform rating on the shares. The analyst increased estimates saying the company's Q4 results were highlighted by lower loans and improved asset quality outlook as well as strong Corporate Services income. ShowHide Related Items >><<
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Hot Stocks
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Cardiovascular Systems receives CE Mark for Diamondback 360 »
18:04 01/18/21 01/1818:04 01/18/2118:04
CSII
Cardiovascular Systems
Cardiovascular Systems… Cardiovascular Systems announced today that it has received CE Mark for its Diamondback 360 Coronary Orbital Atherectomy System and ViperWire Advance Coronary Guide Wire with Flex Tip. Diamondback "combines differential sanding and pulsatile forces to treat all calcium modalities, including nodular, eccentric (irregular) and concentric (ring-shaped)," the company said in a statement. ShowHide Related Items >><<
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Hot Stocks
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Resolute Forest names Sylvain Girard as CFO »
18:03 01/18/21 01/1818:03 01/18/2118:03
RFP
Resolute Forest
Resolute Forest Products… Resolute Forest Products announced that Sylvain Girard will join the company and be appointed as senior vice president and Chief Financial Officer as of March 2, 2021. His term will begin the day after Remi Lalonde, currently Resolute's senior vice president and CFO, assumes the position of president and Chief Executive Officer. Girard most recently served as executive vice president and Chief Financial Officer of SNC-Lavalin Group. Previously, he held senior executive positions in finance with SNC-Lavalin, following 22 years with General Electric (GE). ShowHide Related Items >><<
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Recommendations
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KLA Corp. price target raised to $308 from $271 at Goldman Sachs »
18:01 01/18/21 01/1818:01 01/18/2118:01
KLAC
KLA Corp.
Goldman Sachs analyst… Goldman Sachs analyst Toshiya Hari raised the firm's price target on KLA Corp. to $308 from $271 and keeps a Neutral rating on the shares. The analyst maintains a "bullish through-cycle investment thesis" on the semiconductor capital equipment and semiconductor materials industries. Goldman revised up its 2021 and 2022 wafer fab equipment market forecast by 8% and 6%, respectively, and now expects the market to grow 16% and 7% year-over-year. ShowHide Related Items >><<
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Recommendations
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Entegris price target raised to $116 from $102 at Goldman Sachs »
17:59 01/18/21 01/1817:59 01/18/2117:59
ENTG
Entegris
Goldman Sachs analyst… Goldman Sachs analyst Toshiya Hari raised the firm's price target on Entegris to $116 from $102 and reiterates a Buy rating on the shares. The analyst maintains a "bullish through-cycle investment thesis" on the semiconductor capital equipment and semiconductor materials industries. Goldman revised up its 2021 and 2022 wafer fab equipment market forecast by 8% and 6%, respectively, and now expects the market to grow 16% and 7% year-over-year. ShowHide Related Items >><<
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Recommendations
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Teradyne price target raised to $150 from $128 at Goldman Sachs »
17:58 01/18/21 01/1817:58 01/18/2117:58
TER
Teradyne
Goldman Sachs analyst… Goldman Sachs analyst Toshiya Hari raised the firm's price target on Teradyne to $150 from $128 and reiterates a Buy rating on the shares. The analyst maintains a "bullish through-cycle investment thesis" on the semiconductor capital equipment and semiconductor materials industries. Goldman revised up its 2021 and 2022 wafer fab equipment market forecast by 8% and 6%, respectively, and now expects the market to grow 16% and 7% year-over-year. ShowHide Related Items >><<
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Recommendations
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Lam Research price target raised to $616 from $557 at Goldman Sachs »
17:58 01/18/21 01/1817:58 01/18/2117:58
LRCX
Lam Research
Goldman Sachs analyst… Goldman Sachs analyst Toshiya Hari raised the firm's price target on Lam Research to $616 from $557 and reiterates a Buy rating on the shares. The analyst maintains a "bullish through-cycle investment thesis" on the semiconductor capital equipment and semiconductor materials industries. Goldman revised up its 2021 and 2022 wafer fab equipment market forecast by 8% and 6%, respectively, and now expects the market to grow 16% and 7% year-over-year. ShowHide Related Items >><<
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Recommendations
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Applied Materials price target raised to $118 from $99 at Goldman Sachs »
17:57 01/18/21 01/1817:57 01/18/2117:57
AMAT
Applied Materials
Goldman Sachs analyst… Goldman Sachs analyst Toshiya Hari raised the firm's price target on Applied Materials to $118 from $99 and reiterates a Buy rating on the shares. The analyst maintains a "bullish through-cycle investment thesis" on the semiconductor capital equipment and semiconductor materials industries. Goldman revised up its 2021 and 2022 wafer fab equipment market forecast by 8% and 6%, respectively, and now expects the market to grow 16% and 7% year-over-year. ShowHide Related Items >><<
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Upgrade
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CMC Materials upgraded to Neutral from Sell at Goldman Sachs »
17:57 01/18/21 01/1817:57 01/18/2117:57
CCMP
CMC Materials
Goldman Sachs analyst… Goldman Sachs analyst Toshiya Hari upgraded CMC Materials to Neutral from Sell with a price target of $164, up from $143. The analyst cites valuation for the upgrade following the stock's underperformance relative to the sector, and particularly its closest peers. He maintains a "bullish through-cycle investment thesis" on the semiconductor capital equipment and semiconductor materials industries. Goldman revised up its 2021 and 2022 wafer fab equipment market forecast by 8% and 6%, respectively, and now expects the market to grow 16% and 7% year-over-year. ShowHide Related Items >><<
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Downgrade
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Alimentation downgraded to Market Perform from Outperform at BMO Capital »
17:52 01/18/21 01/1817:52 01/18/2117:52
ANCUF
Alimentation Couche-Tard
Carrefour
BMO Capital analyst Peter… BMO Capital analyst Peter Sklar downgraded Alimentation Couche-Tard to Market Perform from Outperform with a price target of C$43, down from C$51. The company's high level of commitment to acquiring Carrefour (CRRFY) and to exploring retail channels outside its core c-store business will cause many investors to reassess their perspective on Couche-Tard, Sklar tells investors in a research note. Any such acquisitions would raise the operational and integration risks of the company, says the analyst. ShowHide Related Items >><<
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Hot Stocks
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American Campus announces quarterly dividend of 47c »
17:49 01/18/21 01/1817:49 01/18/2117:49
ACC
American Campus
American Campus… American Campus Communities announced that on January 18, 2021 its Board of Directors declared a regular quarterly dividend of 47c per share of common stock, payable on February 19, 2021, to shareholders of record at the close of business on January 28, 2021. ShowHide Related Items >><<
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Periodicals
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Canada scrambles to salvage Keystone XL, Reuters reports »
17:23 01/18/21 01/1817:23 01/18/2117:23
TRP
TC Energy
U.S. President-elect Joe… U.S. President-elect Joe Biden's expected move to cancel the Keystone XL pipeline prompted Canada's main oil-producing province of Alberta on Monday to threaten to seek damages as Ottawa made efforts to save the troubled project, Reuters' Nia Williams and Steve Scherer report. A source told Reuters on Sunday that Biden will cancel a permit for the $8B project over concerns about fossil fuels contributing to climate change, dealing a blow to the Canadian energy sector. Reference Link ShowHide Related Items >><<
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Periodicals
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NY Gov. asks Pfizer to directly sell COVID vaccine doses, Reuters reports »
17:19 01/18/21 01/1817:19 01/18/2117:19
PFE
Pfizer
New York Governor Andrew… New York Governor Andrew Cuomo asked Pfizer Inc Chief Executive Albert Bourla on Monday if the state could buy COVID-19 vaccine doses directly from the U.S. drugmaker, Reuters' Kanishka Singh reports. Pfizer, however, told Reuters that such a proposal would first require approval by the U.S. Department of Health and Human Services. Reference Link ShowHide Related Items >><<
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Conference/Events
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First Majestic to host conference call »
16:24 01/18/21 01/1816:24 01/18/2116:24
AG
First Majestic
Management discusses 4Q… Management discusses 4Q production and 2021 guidance on a conference call to be held on January 20 at 11 am. Webcast Link ShowHide Related Items >><<
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Hot Stocks
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CommScope files patent infringement suit against SOLiD in Germany »
16:17 01/18/21 01/1816:17 01/18/2116:17
COMM
CommScope
CommScope filed an… CommScope filed an additional patent infringement lawsuit in Germany against SOLiD, a manufacturer of distributed antenna systems based in South Korea. The complaint asserts German part of European Patent No. EP 2290850B1 relating to CommScope's digital DAS innovations against SOLiD's Genesis DAS product. CommScope asserted the United Kingdom part of this patent against SOLiD's Genesis DAS product in the U.K. last year. CommScope also enforced the U.S. counterparts of EP 2290850B1 in separate U.S. patent infringement actions against Dali Wireless and SOLiD. The U.S. action against SOLiD was filed in May of 2020 and, after noting that SOLiD withdrew its Genesis DAS product from the U.S. market, CommScope voluntarily dismissed that action. ShowHide Related Items >><<
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