2021-02-22 11:08:19 NVAX Novavax
02/22/21 02/2211:08 02/22/2111:08 | B. Riley reiterates Buy rating on Novavax as PREVENT-19 enrollment wraps upB. Riley Securities analyst Mayank Mamtani noted that Novavax announced the complete enrollment of PREVENT-19, its pivotal Phase 3 study in the U.S. and Mexico to evaluate the efficacy, safety and immunogenicity of NVX-CoV2373, the company's COVID-19 vaccine, and reiterated a Buy rating and $397 price target on the shares. NVX-CoV2373 is the first COVID-19 vaccine to demonstrate clinical efficacy against the original "Wuhan" C-19 strain and both of the rapidly emerging variants in the U.K. and South Africa, noted Mamtani. |
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General news
| Treasury Market Summary:… Treasury Market Summary: March came in like a bull for Wall Street. The major indexes surged sharply higher on the back of more good news on vaccines and the expectation of massive stimulus sooner than later. Another batch of stronger than expected data helped too. But opening the door for the gains was the more subdued tenor of the Treasury market. The NASDAQ was up 3.01% with the S&P 500 2.38% firmer, with the Dow 1.95% higher. The risk-on flows lifted longer dated Treasury yields, but the cheapening was much more orderly than last week's furious 20 bps intraday jumps in the 10- and 30-year maturities. A heavy corporate calendar is also contributing to the losses in Treasuries with the focus on a $7 B 6-part deal from Goldman Sachs. The T-note was up 4 bps to 1.446% and the bond was 7 bps higher at 2.22%. The February ISM and the January construction spending strongly beat expectations and contributed to upward revisions in GDP projections. Analysts now expect a revision to Q4 GDP growth to 4.6% from 4.1%, and see a 4.8% clip for Q1. The Atlanta Fed boosted its Q1 projection to 10.04%. Meanwhile, Fedspeakers continued to show no fear over rising rates. View the summary. |
Syndicate
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Site Centers 15M share Spot Secondary priced at $13.20 »
21:12 03/01/21 03/0121:12 03/01/2121:12
SITC
Site Centers
Morgan Stanley and Wells… Morgan Stanley and Wells Fargo are acting as joint book running managers for the offering. ShowHide Related Items >><<
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Syndicate
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WillScot Mobile Mini 12.75M share Spot Secondary priced at $27.20 »
21:11 03/01/21 03/0121:11 03/01/2121:11
WSC
WillScot Mobile Mini
The deal size was… Story temporarily locked. ShowHide Related Items >><<
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Hot Stocks
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SeaSpine sees 150-200bps of gross margin expansion in FY21 »
20:51 03/01/21 03/0120:51 03/01/2120:51
SPNE
SeaSpine
CEO Keith Valentine says:… CEO Keith Valentine says: "Our priorities for 2021 are very similar to those, which I believe we have executed on very well in the past. Namely, to timely and effectively develop and launch clinically relevant products, to increase the number of core distributors and their exclusivity to SeaSpine, to generate above-market revenue growth through more efficient utilization of our spinal implant sets, and to further expand our gross margins. To that end, we plan to launch more than a dozen products in 2021, the most impactful being the alpha launches of the line extension of Mariner with an adult deformity indication and four additional 3D printed interbody systems and the migration of the many alpha launches we delivered in 2020 to full commercial launch. We expect to exit 2021, generating more than 75% of our U.S. Spinal Implant revenue from new and recently launched systems and more than 65% our U.S. revenue from existing and new core distributors. And we expect to generate between 150 to 250 basis points of gross margin expansion from more efficient utilization of our spinal implant sets and inventory and by gaining additional operating efficiencies from our Irvine manufacturing facility." Comments taken from Q4 earnings conference call transcript. ShowHide Related Items >><<
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Recommendations
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SeaSpine price target raised to $28 from $22 at Piper Sandler »
20:48 03/01/21 03/0120:48 03/01/2120:48
SPNE
SeaSpine
Piper Sandler analyst… Story temporarily locked. ShowHide Related Items >><<
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Upgrade
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Akamai upgraded to Overweight from Sector Weight at KeyBanc »
20:45 03/01/21 03/0120:45 03/01/2120:45
AKAM
Akamai
KeyBanc analyst Brandon… KeyBanc analyst Brandon Nispel upgraded Akamai to Overweight from Sector Weight with a $119 price target. ShowHide Related Items >><<
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Earnings
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Notable companies reporting before tomorrow's open »
20:25 03/01/21 03/0120:25 03/01/2120:25
TGT
Target
AutoZone
Kohl's
Abercrombie & Fitch
Notable companies… Notable companies reporting before tomorrow's open, with earnings consensus, include Target (TGT), consensus $2.54... AutoZone (AZO), consensus $12.84... Kohl's (KSS), consensus $1.01... Abercrombie & Fitch (ANF), consensus $1.21. ShowHide Related Items >><<
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Hot Stocks
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EchoStar director buys 20K shares of common stock »
20:02 03/01/21 03/0120:02 03/01/2120:02
SATS
EchoStar
In a regulatory filing,… In a regulatory filing, EchoStar disclosed that its Chief Strategy Officer Anders Johnson bought 20K shares of common stock on February 25th in a total transaction size of $469K, boosting his stake by 653%. ShowHide Related Items >><<
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Upgrade
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Atlantica Sustainable Infrastructure upgraded to Outperform at Raymond James »
19:58 03/01/21 03/0119:58 03/01/2119:58
AY
Atlantica Sustainable Infrastructure
Raymond James analyst… Raymond James analyst David Quezada upgraded Atlantica Sustainable Infrastructure to Outperform from Market Perform with a $47 price target. ShowHide Related Items >><<
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Initiation
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MP Materials initiated with an Overweight at Morgan Stanley »
19:57 03/01/21 03/0119:57 03/01/2119:57
MP
MP Materials
Morgan Stanley initiated… Story temporarily locked. ShowHide Related Items >><<
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3D Systems sees FY21 gross margin 40%-44% »
19:54 03/01/21 03/0119:54 03/01/2119:54
DDD
3D Systems
The company "expects… The company "expects 2021 gross profit margins to be between 40% and 44%, taking into account businesses divested in 2020 and early 2021, as well as the impact of the company's cost savings initiatives." ShowHide Related Items >><<
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Earnings
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3D Systems reports Q4 EPS 9c, consensus 10c »
19:54 03/01/21 03/0119:54 03/01/2119:54
DDD
3D Systems
Reports Q4 revenue… Story temporarily locked. ShowHide Related Items >><<
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On The Fly
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Fly Intel: After-Hours Movers »
18:59 03/01/21 03/0118:59 03/01/2118:59
INO
Inovio
Aslan Pharmaceuticals
TTEC Holdings
Zoom Video
Helios Technologies
Ameresco
TransMedics
Mereo BioPharma
Roku
Nielsen
FibroGen
C3.ai
Inseego
Lemonade
Morphic
SciPlay
NIO
Switch
Novavax
Sarepta
Silk Road Medical
OraSure
AppFolio
Scientific Games
MercadoLibre
RedHill Biopharma
Cohu
Beyond Meat
Check out this evening's… ShowHide Related Items >><<
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Hot Stocks
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TransMedics announces scheduling of OCS Heart FDA AdCom meeting »
18:54 03/01/21 03/0118:54 03/01/2118:54
TMDX
TransMedics
TransMedics Group… Story temporarily locked. ShowHide Related Items >><<
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Initiation
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TechnipFMC initiated with a Neutral at Exane BNP Paribas »
18:48 03/01/21 03/0118:48 03/01/2118:48
FTI
TechnipFMC
Exane BNP Paribas analyst… Exane BNP Paribas analyst Nick Konstantakis initiated coverage of TechnipFMC with a Neutral rating and EUR 7 price target. The analyst notes the company's "milestone" of completing the spinoff of Technip Energies, with attention now turning to its 2021 guidance "surprising positively" on its Subsea margin. Konstantakis adds however that 2021 will be the year that TechnipFMC will need to demonstrate that it can thrive as a stand-alone entity, with the company's free cash flows having lagged its peer group. ShowHide Related Items >><<
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Hot Stocks
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SailPoint CEO: We have a very strong position in the market »
18:44 03/01/21 03/0118:44 03/01/2118:44
SAIL
SailPoint
In an interview on… Story temporarily locked. ShowHide Related Items >><<
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Initiation
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Technip Energies initiated with a Neutral at Exane BNP Paribas »
18:44 03/01/21 03/0118:44 03/01/2118:44
THNPF
Technip Energies
TechnipFMC
Exane BNP Paribas analyst… Exane BNP Paribas analyst Nick Konstantakis initiated coverage of Technip Energies (THNPF) with a Neutral rating and EUR 10.7 price target. The analyst is positive on the company's position as a "differentiated" name with "prime" LNG and Petrochemical exposure, and he sees "significant opportunities" for Technip to secure major awards in the near term. Konstantakis adds however that the potential overhang from TechnipFMC's (FTI) stake and "share flowback" is an overhang risk. ShowHide Related Items >><<
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Hot Stocks
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Ready Capital declares 30c per share prorated dividend »
18:36 03/01/21 03/0118:36 03/01/2118:36
RC
Ready Capital
Ready Capital announced… Story temporarily locked. ShowHide Related Items >><<
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Hot Stocks
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Genetic Technologies trading halted, news pending
18:25 03/01/21 03/0118:25 03/01/2118:25
GENE
Genetic Technologies
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Conference/Events
| Analyst Thanh Ha Pham,… Analyst Thanh Ha Pham, along with Joe Holman, Founder of ESG Administration, discuss ESG integration and carbon accounting on an Analyst/Industry conference call to be held on March 1 at 7 pm. |
Hot Stocks
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TTEC Holdings raises semi-annual dividend by 7.5% to 43c per share »
18:11 03/01/21 03/0118:11 03/01/2118:11
TTEC
TTEC Holdings
The dividend is payable… The dividend is payable on April 21, 2021 to shareholders of record as of April 5, 2021. ShowHide Related Items >><<
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Periodicals
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New EU 'Right to Repair' rules require goods to be repairable, Independent says »
18:10 03/01/21 03/0118:10 03/01/2118:10
AAPL
Apple
Legislation from the… Legislation from the European Parliament, which recently backed sturdier "right to repair" rules, for companies that sell consumer electronics "in the European Union - and in the UK," that will require manufacturers guaranty that goods can be repaired for up to 10 years, wrote the Independent's Adam Smith. In the future environmentalists and consumer rights groups want smartphones, laptops and other small electrical devices to be included in the "right to repair" rules, noted the story. "Apple last year announced it would start providing training and spare parts to certified independent repair stores fixing Mac computers, not just iPhones," added the Independent story. Reference Link ShowHide Related Items >><<
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Recommendations
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Astec price target raised to $92 from $90 at Baird »
18:08 03/01/21 03/0118:08 03/01/2118:08
ASTE
Astec
Baird analyst Mircea… Baird analyst Mircea Dobre raised the firm's price target on Astec to $92 from $90 and keeps an Outperform rating on the shares. The company's 2020 demonstrated the management's ability to "effectively" cut costs and consolidate operations to address internal control deficiencies, the analyst tells investors in a research note. Dobre adds that Astec also highlighted strong customer backlogs being supported by increased Federal funding, along with over 25 individual state initiatives aimed at "driving higher infrastructure investment". ShowHide Related Items >><<
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Earnings
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TTEC Holdings sees FY21 EPS $4.06-$4.25, consensus $2.96 »
18:04 03/01/21 03/0118:04 03/01/2118:04
TTEC
TTEC Holdings
Sees FY21 revenue… Sees FY21 revenue $2.147B-$2.183B, consensus $1.96B. ShowHide Related Items >><<
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Hot Stocks
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Square says Square Financial Services has begun operations »
18:03 03/01/21 03/0118:03 03/01/2118:03
SQ
Square
Square announced its… Square announced its industrial bank, Square Financial Services, has begun operations after completing the charter approval process with the FDIC and the Utah Department of Financial Institutions. Square Financial Services is an independently governed subsidiary of Square. Headquartered in Salt Lake City, Utah, its primary purpose will be to offer business loan and deposit products, beginning with underwriting and originating business loans for Square Capital's existing lending product. Moving forward, Square Financial Services will be the primary provider of financing for Square sellers across the U.S. "Square Financial Services will continue to sell loans to third-party investors and limit balance sheet exposure. We do not expect the bank to have a material impact on Square's consolidated balance sheet, total net revenue, gross profit, or Adjusted EBITDA in 2021." ShowHide Related Items >><<
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