2022-05-05 06:05:08 APD Air Products
05/05/22 05/0506:05 05/05/2206:05 | Air Products sees Q3 adjusted EPS $2.55-$2.65, consensus $2.60The company said, "For the fiscal 2022 third quarter, Air Products' adjusted EPS guidance is $2.55 to $2.65, up 10 to 15 percent over fiscal 2021 third quarter adjusted EPS." |
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Treasury considering expanding FDIC coverage to all deposits, Bloomberg reports »
20:56 03/20/23 03/2020:56 03/20/2320:56
SPY
SPDR S&P 500 ETF Trust
S&P 500
Invesco QQQ Trust
SPDR S&P Regional Banking ETF
Financial Select Sector
The U.S. Treasury… The U.S. Treasury Department is looking into whether the federal regulators are able to insure banking deposits beyond the current $250K FDIC cap, Bloomberg's Saleha Mohsin and Sridhar Natarajan report, citing people familiar with discussions. The report states that the emergency authority is being sought by a coalition of banks, claiming that it is needed to prevent a potential financial crisis. Under one legal framework that is being considered for expanding FDIC insurance, regulators would use the Treasury Department's authority to take emergency action and lean on the Exchange Stabilization Fund. Reference Link ShowHide Related Items >><<
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Lennar price target raised to $123 from $113 at Citi »
20:51 03/20/23 03/2020:51 03/20/2320:51
LEN
Lennar
Citi analyst Anthony… Citi analyst Anthony Pettinari raised the firm's price target on Lennar to $123 from $113 and keeps a Buy rating on the shares. Citing "encouraging" quarter-to-date trends, the analyst increased estimates for the firm's builder coverage. Citi sees strong spring demand for the sector. ShowHide Related Items >><<
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Bechtle price target raised to EUR 53 from EUR 51 at Jefferies »
20:43 03/20/23 03/2020:43 03/20/2320:43
BECTY
Bechtle
Jefferies analyst Martin… Jefferies analyst Martin Comtesse raised the firm's price target on Bechtle to EUR 53 from EUR 51 and keeps a Buy rating on the shares. The company's FY22 results and outlook for 5%-10% growth in top- and bottom line provided a "reassuring message" that IT budgets remain robust and supply continues to improve, the analyst tells investors in a research note. ShowHide Related Items >><<
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Cathie Wood's ARK Investment bought 424.7K shares of Cerus today
20:31 03/20/23 03/2020:31 03/20/2320:31
CERS
Cerus
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Cathie Wood's ARK Investment bought 41K shares of Microsoft today
20:30 03/20/23 03/2020:30 03/20/2320:30
MSFT
Microsoft
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Cathie Wood's ARK Investment bought 181K shares of Teladoc today
20:30 03/20/23 03/2020:30 03/20/2320:30
TDOC
Teladoc
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Enovix director buys $757K in common stock »
20:28 03/20/23 03/2020:28 03/20/2320:28
ENVX
Enovix
In a regulatory filing,… In a regulatory filing, Enovix disclosed that its director Thurman Rodgers bought 69.6K shares of common stock on March 20th in a total transaction size of $757. ShowHide Related Items >><<
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Snap COO sells $763.9K in common stock »
19:09 03/20/23 03/2019:09 03/20/2319:09
SNAP
Snap
In a regulatory filing,… In a regulatory filing, Snap disclosed that its COO Jerry Hunter sold 69.8K shares of common stock on March 16th in a total transaction size of $763.9K. ShowHide Related Items >><<
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Snap CFO sells $539K in common stock »
19:08 03/20/23 03/2019:08 03/20/2319:08
SNAP
Snap
In a regulatory filing,… In a regulatory filing, Snap disclosed that its CFO Derek Andersen sold 49.2K shares of common stock on March 16th in a total transaction size of $539.2K. ShowHide Related Items >><<
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Pinduoduo price target lowered to $115 from $127 at Citi »
18:50 03/20/23 03/2018:50 03/20/2318:50
PDD
Pinduoduo
Citi lowered the… Citi lowered the firm's price target on Pinduoduo to $115 from $127 but keeps a Buy rating on the shares. The analyst states that considering the challenging macro and COVID-disrupted Q4, the 38% growth in online marketing revenue and 86% growth in commission fee revenue that drove the 43% growth in profit are stronger than the company's peers. Citi warns however that the higher base and higher expenses related to fast expansion plans of Temu are likely to weigh on Pinduoduo margins. ShowHide Related Items >><<
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MacroGenics price target raised to $12 from $6 at BTIG »
18:47 03/20/23 03/2018:47 03/20/2318:47
MGNX
MacroGenics
BTIG analyst Kaveri… BTIG analyst Kaveri Pohlman raised the firm's price target on MacroGenics to $12 from $6 and keeps a Buy rating on the shares. The firm said that small modifications to both MGD024 and lorigerlimab increases its interest in the pipeline. BTIG added that it raised its price target on better visibility into MGC018's commercial opportunity. ShowHide Related Items >><<
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WeWork price target lowered to $3 from $7.50 at BTIG »
18:46 03/20/23 03/2018:46 03/20/2318:46
WE
WeWork
BTIG analyst Thomas… BTIG analyst Thomas Catherwood lowered the firm's price target on WeWork to $3 from $7.50 and keeps a Buy rating on the shares. The firm said that dilution is painful, but it views recapitalization as a vote of confidence. ShowHide Related Items >><<
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Judge says JPMorgan, Deutsche will have to face Epstein lawsuits, Reuters says »
18:29 03/20/23 03/2018:29 03/20/2318:29
JPM
JPMorgan
Deutsche Bank
U.S. District Judge Jed… U.S. District Judge Jed Rakoff in Manhattan determined that JPMorgan (JPM) and Deutsche Bank (DB) will have to face lawsuits accusing the banks of enabling Jeffrey Epstein's sex trafficking, Reuters' Jonathan Stempel reports. The decision could expose the two lenders to additional financial and reputational damage for maintaining Epstein as a client, the author notes. In his order, Rakoff said JPMorgan must face a lawsuit by the U.S. Virgin Islands that claims the bank missed red flags about Epstein's abuse of women on Little St. James, the author says, noting that the judge also ruled both companies must face proposed class actions by women who said Epstein abused them. Reference Link ShowHide Related Items >><<
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Broadcom CEO sells $18.8M in common stock »
18:26 03/20/23 03/2018:26 03/20/2318:26
AVGO
Broadcom
In a regulatory filing,… In a regulatory filing, Broadcom disclosed that its CEO Hock Tan sold 30K shares of common stock on March 16th in a total transaction size of $18.8M. ShowHide Related Items >><<
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First Majestic falls 17% after announcing cost cuts, suspended mining activity
18:25 03/20/23 03/2018:25 03/20/2318:25
AG
First Majestic
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RA Capital reports 9.99% passive stake in Orchard Therapeutics »
18:22 03/20/23 03/2018:22 03/20/2318:22
ORTX
Orchard Therapeutics
RA Capital disclosed a… RA Capital disclosed a 9.99% stake in Orchard Therapeutics, which represents over 18.56M shares. The filing does not allow for activism. Shares of Orchard Therapeutics are up 5.2% afterhours. ShowHide Related Items >><<
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Canadian National, Unifor reach tentative agreements »
18:02 03/20/23 03/2018:02 03/20/2318:02
CNI
Canadian National
Canadian National… Canadian National announced that new tentative collective agreements have been reached between Unifor and CN. The collective agreements cover approximately 3,000 CN employees working in various departments such as Mechanical, Intermodal, Facility Management, and in clerical positions in Canada. No details of the tentative agreements will be released publicly until the agreements are ratified. ShowHide Related Items >><<
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Thermo Fisher, Celltrion compete for Baxter's biopharma unit, Reuters says »
18:02 03/20/23 03/2018:02 03/20/2318:02
TMO
Thermo Fisher
Baxter
KKR
Carlyle Group
The biopharma solutions… The biopharma solutions business of medical device maker Baxter International (BAX), is being courted by U.S. scientific instruments maker Thermo Fisher Scientific (TMO) and South Korea's Celltrion, writes Reuter's Anirban Sen and David Carnevali. "The divestment, which the sources said could fetch more than $4B, would help Baxter pay down debt following its $10.5B acquisition of medical device maker Hill-Rom Holdings in 2021 Other suitors for the Baxter unit include KKR & Co (KKR) and Carlyle Group (CG), added the story. Reference Link ShowHide Related Items >><<
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Fly Intel: After-Hours Movers »
17:59 03/20/23 03/2017:59 03/20/2317:59
LTRN
Lantern Pharma
Harmonic
Wag! Group
Nano Dimension
Fusion Pharmaceuticals
Ventyx Biosciences
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Moody's upgrades Tesla's credit rating, declares outlook stable »
17:48 03/20/23 03/2017:48 03/20/2317:48
TSLA
Tesla
Moody's Investors… Moody's Investors Service assigned a Baa3 long-term issuer rating to Tesla and withdrew the Ba1 corporate family rating, the Ba1-PD probability of default rating, as well as the SGL-1 speculative grade liquidity rating. The outlook is stable. The rating action reflects Moody's expectation that "Tesla will remain one of the foremost manufacturers of battery electric vehicles with an expanding global presence and very high profitability." The upgrade also incorporates governance considerations, including Tesla's prudent financial policy and management's operational track record. Reference Link ShowHide Related Items >><<
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Charles Schwab director buys $200K in common stock »
17:47 03/20/23 03/2017:47 03/20/2317:47
SCHW
Charles Schwab
In a regulatory filing,… In a regulatory filing, Charles Schwab disclosed that its director Gerri Martin-Flickinger bought bought 3.7K shares of common stock on March 17th in a total transaction size of $200.4K. ShowHide Related Items >><<
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Goldman tells Reuters Credit Suisse AT1 move could cut long-term demand »
17:44 03/20/23 03/2017:44 03/20/2317:44
GS
Goldman Sachs
Credit Suisse
Goldman Sachs (GS) chief… Goldman Sachs (GS) chief credit strategist Lotfi Karoui told Reuters that the decision by Swiss authorities to clear out Credit Suisse's (CS) Additional Tier 1 bonds could lower demand for this type of bond in the long term, though a risk of contagion across credit markets was limited due to the relatively niche nature of the bond. The AT1 sell-off was a "knee jerk reaction to an outcome that took a lot of people by surprise," Karoui said, adding, "In the long term, we are a little concerned about the potential permanent destruction in demand ... I do think that investors will have to re-assess how the risk-reward looks like in those instruments, particularly at times of rising financial distress." Reference Link ShowHide Related Items >><<
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Sigmatron International discloses Event of Default from on credit agreement »
17:39 03/20/23 03/2017:39 03/20/2317:39
SGMA
Sigmatron International
In a regulatory 8-K… In a regulatory 8-K filing, the company states: "On March 2, 2023, SigmaTron Internationalreceived an Event of Default and Reservation of Rights from (i) J.P. Morgan Chase Bank, N.A. dated March 2, 2023 with respect to that certain Amended and Restated Credit Agreement dated as of July 18, 2022, by and among the Company, the other Loan Party thereto, and JPMorgan Chase Bank, N.A., as Lender, and (ii) TCW Asset Management Company, as Administrative Agent dated March 2, 2023 with respect to that certain Credit Agreement date of July 18, 2022 (as amended, restated, supplemented or otherwise modified from time to time, the "Credit Agreement" and together with the Agreement the "Credit Agreements"), by and among the Company, WAGZ, Inc., a Delaware corporation, the financial institutions party thereto from time to time, and TCW Asset Management Company, as Administrative Agent for all Lenders. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Agreement and Credit Agreement, as applicable." ShowHide Related Items >><<
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OpenAI-powered app from Nuance will instantly transcribe patient notes »
17:37 03/20/23 03/2017:37 03/20/2317:37
MSFT
Microsoft
Nuance Communications, a… Nuance Communications, a Microsoft Company, announced Dragon Ambient eXperience or DAX Express, a workflow-integrated, fully automated clinical documentation application that is the first to combine proven conversational and ambient AI with OpenAI's newest and most capable model, GPT-4. Extending the proven Dragon Medical portfolio of solutions and building on the market-leading DAX ambient solution launched in 2020, DAX Express is the next milestone in Nuance's long-standing mission to reduce administrative burden and empower clinicians to spend more time taking care of patients and less time on paperwork. .. Using a unique combination of conversational, ambient, and generative AI, DAX Express automatically and securely creates draft clinical notes in seconds for immediate clinical review and completion after each patient visit in the exam room or via telehealth patient conversations. Clinicians will benefit from the seamless capabilities of Dragon Medical One, DAX, and DAX Express, which are tightly integrated into the electronic medical record, beginning from pre-visit through post-encounter, reducing cognitive burdens and helping increase the joy of practicing medicine. "Nuance and Microsoft came together with the goal of helping to digitally transform healthcare, and we are marking the next step forward in the ongoing evolution of AI-powered solutions for overburdened care providers," said Mark Benjamin, CEO of Nuance. "We've taken the power and advanced reasoning capabilities of GPT-4 and integrated it into our proven outcomes-focused AI technologies in a tested and responsible way. Our state-of-the-art blend of conversational, ambient, and generative AI will accelerate the advancement of the care delivery ecosystem beyond what Nuance or Microsoft could have achieved separately - expanding our comprehensive portfolio of solutions that fulfill our vision to improve care quality and support enhanced outcomes for generations to come." Reference Link ShowHide Related Items >><<
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