2023-02-01 12:41:44 DKNG DraftKings
02/01/23 02/0112:41 02/01/2312:41 | DraftKings layoffs should be viewed positively, says Piper SandlerAccording to CNBC, DraftKings is reportedly set to lay off 140 employees as a part of a broader reorganization, Piper Sandler analyst Matt Farrell tells investors in a research note. The analyst says profitability has been the number one sticking point among investors, so news of the workforce reduction should be viewed positively. In addition, layoffs would be a sign that management is taking profitability seriously in the current environment, as it looks to achieve adjusted EBITDA breakeven in Q4, Piper contends. It has an Overweight rating on the shares with a $15 price target. |
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Conference/Events
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Blue Bird participates in a conference call with DA Davidson »
22:34 03/28/23 03/2822:34 03/28/2322:34
BLBD
Blue Bird
Analyst Shlisky holds a… Analyst Shlisky holds a conference call with CFO Radulescu on April 3 at 1 pm hosted by DA Davidson. ShowHide Related Items >><<
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Conference/Events
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Jefferies software/Internet analyst to hold analyst/industry conference call »
22:26 03/28/23 03/2822:26 03/28/2322:26
Software & Internet… Software & Internet Analyst Thill and Software Analyst Samana provide an update on software trading flows, key debates and top picks on an Analyst/Industry conference call to be held on March 29 at 10:30 am. Webcast Link |
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South32 upgraded to Outperform from Neutral at Macquarie »
20:39 03/28/23 03/2820:39 03/28/2320:39
SOUHY
South32
Macquarie upgraded… Macquarie upgraded South32 to Outperform from Neutral with a price target of A$5.10, up from A$4.60. The firm said the rating is buoyed by higher forecast aluminum, alumina, and copper prices, offset by lower coking coal prices. ShowHide Related Items >><<
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Capricorn Metals downgraded to Neutral from Outperform at Macquarie »
20:38 03/28/23 03/2820:38 03/28/2320:38
CRNLF
Capricorn Metals
Macquarie analyst Hayden… Macquarie analyst Hayden Bairstow downgraded Capricorn Metals to Neutral from Outperform with a price target of A$4.90, up from A$4.70. ShowHide Related Items >><<
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New Hope Corp. downgraded to Neutral from Outperform at Macquarie »
20:37 03/28/23 03/2820:37 03/28/2320:37
NHPEF
New Hope Corp.
Macquarie analyst Jon… Macquarie analyst Jon Scholtz downgraded New Hope Corp. to Neutral from Outperform with a price target of A$5.50, down from A$6. ShowHide Related Items >><<
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Deterra Royalties upgraded to Outperform from Neutral at Macquarie »
20:35 03/28/23 03/2820:35 03/28/2320:35
DETRF
Deterra Royalties
Macquarie upgraded… Macquarie upgraded Deterra Royalties to Outperform from Neutral with a A$5 price target. The firm said the upgrade is due to lower thermal coal price outlook. ShowHide Related Items >><<
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Champion Iron upgraded to Outperform from Neutral at Macquarie »
20:34 03/28/23 03/2820:34 03/28/2320:34
CIAFF
Champion Iron
Macquarie analyst Hayden… Macquarie analyst Hayden Bairstow upgraded Champion Iron to Outperform from Neutral with an A$8 price target. The firm said the upgrade is due to lower thermal coal price outlook. ShowHide Related Items >><<
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South32 upgraded to Outperform from Neutral at Macquarie »
20:33 03/28/23 03/2820:33 03/28/2320:33
SOUHY
South32
Macquarie analyst Hayden… Macquarie analyst Hayden Bairstow upgraded South32 to Outperform from Neutral. The firm said the rating is buoyed by higher forecast aluminum, alumina, and copper prices, offset by lower coking coal prices. |
Earnings
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Notable companies reporting before tomorrow's open »
20:25 03/28/23 03/2820:25 03/28/2320:25
PAYX
Paychex
Notable companies… Notable companies reporting before tomorrow's open, with earnings consensus, include Paychex (PAYX), consensus $1.24. ShowHide Related Items >><<
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Hot Stocks
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Astellas, Roche Diabetes Care Japan reach partnership agreement »
20:04 03/28/23 03/2820:04 03/28/2320:04
ALPMY
Astellas Pharma
Roche
Astellas Pharma (ALPMY)… Astellas Pharma (ALPMY) announced that it has entered into an agreement with Roche Diabetes Care Japan Co., Ltd. (RHHBY) for the development and commercialization of Roche Diabetes Care's world-renowned Accu-Chek Guide Me blood glucose monitoring system with advanced accuracy as a combined medical product with BlueStar. BlueStar is an FDA-cleared digital health solution for diabetes patients, developed by Welldoc, Inc. and is currently marketed in the U.S. and Canada. Astellas and Welldoc are jointly developing BlueStar in Japan. In the future, Astellas will aim to obtain regulatory approval and reimbursement as a combined medical product. ShowHide Related Items >><<
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Hot Stocks
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Equus Total Return reports net assets of $35.2M as of December 31 »
20:00 03/28/23 03/2820:00 03/28/2320:00
EQS
Equus II Inc
Equus Total Return… Equus Total Return reported net assets as of December 31, 2022, of $35.2M. Net asset value per share decreased to $2.61 as of December 31, 2022, from $2.68 as of September 30, 2022. |
Periodicals
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Microsoft offers to revise cloud practices to avoid EU probe, Reuters says »
19:40 03/28/23 03/2819:40 03/28/2319:40
MSFT
Microsoft
Microsoft has offered to… Microsoft has offered to alter its cloud computing practices to resolve antitrust complaints filed by smaller competitors, Reuters' Foo Yun Chee reports, citing a person with direct knowledge of the matter. The move is designed to stave off an EU antitrust probe, the author notes. Reference Link ShowHide Related Items >><<
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Hot Stocks
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Indiana American Water acquires Claypool water system »
18:19 03/28/23 03/2818:19 03/28/2318:19
AWK
American Water
Indiana American Water… Indiana American Water President Matt Prine announced the company's acquisition of the Claypool water system in northern Indiana. The purchase of the system adds approximately 150 water customers to the company's customer base, which represents a population of more than 400 residents. "The acquisition of this system will help hold future rates down for Claypool customers as needed investments are made and also provides access to operations and capital management water professionals and a number of customer service options and payment methods," said Prine. "Indiana American Water already provides water service to several nearby communities, so this is a good fit for us and a continuation of our efforts to expand our presence across Indiana." The acquisition of the Claypool water system for $700,000 was approved by the Indiana Utility Regulatory Commission on February 22, 2023 and closed by Indiana American Water and the Town of Claypool on March 28, 2023. ShowHide Related Items >><<
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Periodicals
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JPMorgan CEO Dimon to be deposed over bank's ties to Epstein, Bloomberg reports »
18:04 03/28/23 03/2818:04 03/28/2318:04
JPM
JPMorgan
JPMorgan CEO Jamie Dimon… JPMorgan CEO Jamie Dimon will have to give sworn testimony over the lender's ties to Jeffrey Epstein, Bloomberg's Hannah Levitt and Ava Benny-Morrison report, citing people familiar with the matter. A date for the deposition has not yet been established, the authors note. Reference Link ShowHide Related Items >><<
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On The Fly
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Fly Intel: After-Hours Movers »
18:02 03/28/23 03/2818:02 03/28/2318:02
ARCT
Arcturus Therapeutics
Lululemon
Kodiak Sciences
nCino
N-able
Blueprint Medicines
SomaLogic
HIGHER AFTER EARNINGS … ShowHide Related Items >><<
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Hot Stocks
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Northrop Grumman awarded $128.46M Air Force contract modification »
17:54 03/28/23 03/2817:54 03/28/2317:54
NOC
Northrop Grumman
Northrop Grumman has been… Northrop Grumman has been awarded an $128.46M firm-fixed-price modification to a contract for Active Electronically Scanned Array radars of Air Force F-16 aircraft. This modification is for the exercise of options to include 48 radars, 4 initial spare kits, and 2 readiness spares kits. Work will be performed in Linthicum Heights, Maryland, and is expected to be completed May 30, 2031. The total cumulative face value of the contract is $1.48B. FY21 procurement funds in the amount of $457,758.00; FY22 aircraft procurement funds in the amount of $55.14M and FY23 procurement funds in the amount of $72.85M are being obligated at the time of award. The Air Force Life Cycle Management Center is the contracting activity. ShowHide Related Items >><<
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Periodicals
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Amazon, Google will have to let U.K. radio stream on smart speakers, FT says »
17:38 03/28/23 03/2817:38 03/28/2317:38
AMZN
Amazon.com
Alphabet
Alphabet
Amazon (AMZN) and Google… Amazon (AMZN) and Google (GOOGL), who both make smart speakers, will be required to offer all licensed U.K. radio stations access to their platforms as part of a major government revamp of broadcasting rules, the Financial Times' Arjun Neil Alim reports. The mandate will be included in long-awaited media legislation, which will be introduced in parliament this week and will regulate online streaming platforms for the first time, the author notes. Reference Link ShowHide Related Items >><<
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Earnings
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Galiano Gold reports Q4 EPS (3c), two estimates 1c »
17:36 03/28/23 03/2817:36 03/28/2317:36
GAU
Galiano Gold
Reports Q4 cash provided… Reports Q4 cash provided by operating activities in Q4 2022 was $800K, compared to cash utilized in operations of $2.3M in Q4 2021. The increase in cash provided by operations was primarily due to collection of the Company's JV service fee which amounted to $2.4M in Q4 2022. As at December 31 the Company had cash and cash equivalents of $56.1M and $1.7M in receivables, while remaining debt-free. 2023 AGM Outlook. The Company reported net income after tax of $28.5M in Q4 2022, compared to a net loss after tax of $91M in Q4 2021. The increase in earnings during Q4 2022 was due to the recognition of the Company's share of the JV's net earnings for the yea and a $7.6M impairment reversal recorded by the Company on its equity investment in the AGM JV, which were partly offset by a $22.2Mdownward fair value adjustment on the Company's preference shares in the JV. In Q4, the Company recognized its share of the JV's net loss, which included a $153.2 million impairment charge. ShowHide Related Items >><<
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Hot Stocks
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Dave & Buster's says Q1 QTD SSS roughly flat to down very low single digits »
17:34 03/28/23 03/2817:34 03/28/2317:34
PLAY
Dave & Buster's
Says 1Q23 up against… Says 1Q23 up against "strong" omicron recovery that occurred in 1Q22. Says plans to open four new stores during Q1. Guidance taken from Q4 earnings conference call. ShowHide Related Items >><<
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Raytheon Technologies awarded $1.23B Army contract »
17:30 03/28/23 03/2817:30 03/28/2317:30
RTX
Raytheon Technologies
Raytheon was awarded a… Raytheon was awarded a $1.23B firm-fixed-price contract for Patriot Missile System fire units. Bids were solicited via the internet with two received. Work has an estimated completion date of December 31, 2032. FY23 Foreign Military Sales funds in the amount of $1.23B were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity. ShowHide Related Items >><<
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Hot Stocks
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Carl Icahn increases stake in Southwest Gas by $18.5M »
17:27 03/28/23 03/2817:27 03/28/2317:27
SWX
Southwest Gas
In a regulatory filing,… In a regulatory filing, Carl Icahn disclosed, that he purchased an additional 308K shares of Southwest Gas stock at $60.30 per share between March 24 and March 28 in a total transaction size of $18,544,797. ShowHide Related Items >><<
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Conference/Events
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CymaBay management to meet with Cantor Fitzgerald »
17:25 03/28/23 03/2817:25 03/28/2317:25
CBAY
CymaBay
Biotech Analyst Kluska… Biotech Analyst Kluska holds a dinner meeting with President & CEO Shah, CSO McWherter and CCO Stuart in New York on March 28 at 6 pm hosted by Cantor Fitzgerald. ShowHide Related Items >><<
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Initiation
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Invitation Homes initiated with an Overweight at Wells Fargo »
17:24 03/28/23 03/2817:24 03/28/2317:24
INVH
Invitation Homes
Wells Fargo initiated… Wells Fargo initiated coverage of Invitation Homes with an Overweight rating and $33.50 price target. Invitation is the largest single-family rental platform "with room to grow," the analyst tells investors in a research note. ShowHide Related Items >><<
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N-able to replace iStar in S&P 600 at open on 4/3 »
17:24 03/28/23 03/2817:24 03/28/2317:24
NABL
N-able
iStar
Safehold
Safehold (SAFE) is… Safehold (SAFE) is acquiring iStar (STAR) effective prior to the opening of trading on Friday, March 31. Immediately prior to its acquisition by Safehold, iStar will distribute shares in Star Holdings (STHO). Star Holdings is not eligible for the S&P SmallCap 600 following the spin-off transaction as it is not representative of the small-cap market space. ShowHide Related Items >><<
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Initiation
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Coveo Solutions initiated with a Buy at Stifel »
17:22 03/28/23 03/2817:22 03/28/2317:22
CVOSF
Coveo Solutions
Stifel analyst Suthan… Stifel analyst Suthan Sukumar initiated coverage of Coveo Solutions with a Buy rating and C$12 price target. The analyst calls Coveo a "disruptive, market-leading" platform for next-generation , artificial intelligence-based search that is bringing enhanced digital experiences. While macro headwinds will weigh on the company's growth near-term, a large, underpenetrated total addressable market coupled with rising market awareness will "continue to fuel an outlook for strong demand," the analyst tells investors in a research note. ShowHide Related Items >><<
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