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Hot Stocks
3M, White House confirm plan to import 166.5M respirators over next 3 months » 19:00
04/06/20
04/06
19:00
04/06/20
19:00
MMM

3M

$140.54 /

+6.64 (+4.96%)

3M and the Trump…

3M and the Trump Administration are announcing a plan to import 166.5 million respirators over the next three months to support healthcare workers in the United States. 3M and the Administration worked together to ensure that this plan does not create further humanitarian implications for countries currently fighting the COVID-19 outbreak, and committed to further collaborate to fight price gouging and counterfeiting. "I want to thank President Trump and the Administration for their leadership and collaboration," said 3M chairman and CEO Mike Roman. "We share the same goals of providing much-needed respirators to Americans across our country and combating criminals who seek to take advantage of the current crisis. These imports will supplement the 35 million N95 respirators we currently produce per month in the United States." 3M will import 166.5 million respirators over the next three months primarily from its manufacturing facility in China, starting in April. The Administration is committed to working to address and remove export and regulatory restrictions to enable this plan. The plan will also enable 3M to continue sending U.S. produced respirators to Canada and Latin America, where 3M is the primary source of supply. As a global company, 3M has manufacturing operations around the world to serve local and regional markets. As the pandemic unfolds in different stages around the world, 3M will continue to work with governments to direct respirators and other supplies to serve areas most in need. Beginning in January, 3M ramped up production of N95 respirators and doubled its global output to 1.1 billion per year - including the 35 million a month in the United States. 3M has already put into motion additional investments and actions that will enable it to double its capacity again to 2 billion globally within 12 months, with additional capacity to begin coming online in the next 60 to 90 days. In the United States, for example, 3M expects to be producing N95 respirators at a rate of 50 million per month in June, a 40 percent increase from current levels. Last week 3M announced additional actions to address price gouging and counterfeit activity related to its respirators. 3M has not changed the prices it charges for respirators, and will take decisive action against those seeking to take illegal and unethical advantage of the COVID-19 outbreak.

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Periodicals
White House orders 167M face masks from 3M, WSJ reports » 18:30
04/06/20
04/06
18:30
04/06/20
18:30
MMM

3M

$140.54 /

+6.64 (+4.96%)

The Trump administration…

The Trump administration will purchase nearly 167M face masks from 3M over the next three months as officials seek to find protective equipment for front-line workers confronting the COVID-19 outbreak, the Wall Street Journal's Alex Leary and Austen Hufford report, citing a White House official. The company came into conflict with Trump last week, as the president criticized 3M's mask-making efforts and invoked the Defense Production Act against it, the authors note. An official said today that the White House didn't plan to take any additional action against 3M under the DPA in addition to the mask purchases, the authors say, noting that the administration intends to purchase 55.5M masks from the company in each of the next three months. Reference Link

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Hot Stocks
Ryder enhances liquidity position with bond offering » 17:43
04/06/20
04/06
17:43
04/06/20
17:43
R

Ryder

$25.90 /

+2.91 (+12.66%)

Ryder System announced it…

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Periodicals
White House official says no further DPA action planned against 3M , WSJ says  17:41
04/06/20
04/06
17:41
04/06/20
17:41
MMM

3M

$140.54 /

+6.64 (+4.96%)

 
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Initiation
CSX resumed with a Buy at Stifel » 16:21
04/06/20
04/06
16:21
04/06/20
16:21
CSX

CSX

$61.26 /

+4.48 (+7.89%)

Stifel analyst David Ross…

Stifel analyst David Ross resumed coverage of CSX with a Buy rating and $71 price target. Before suspending coverage in July of 2019 the firm had a Hold rating on the shares with a $75 price target. With "strong" cash flow is strong, a "healthy" balance sheet and good service, CSX is not in a bad place to weather out the current storm caused by the coronavirus, Ross tells investors in a research note. The analyst likes CSX's management team "as a group of no-nonsense operators."

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Initiation
Kansas City Southern resumed with a Buy at Stifel » 16:17
04/06/20
04/06
16:17
04/06/20
16:17
KSU

Kansas City Southern

$134.68 /

+11.67 (+9.49%)

Stifel analyst David Ross…

Stifel analyst David Ross resumed coverage of Kansas City Southern with a Buy rating and $146 price target. The analyst believes that the 25% decline in the stock price from February highs is a buying opportunity as he sees the company as being the best positioned among the U.S. rails to take advantage of the long-term trend toward re-shoring, near-shoring and growth in U.S./Mexico trade in addition to enjoying the benefits of its precision scheduled railroad initiatives.

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Sunday
Hot Stocks
3M responds to reporting on alleged seizure of N95 respirator shipments » 17:30
04/05/20
04/05
17:30
04/05/20
17:30
MMM

3M

$133.90 /

-3.96 (-2.87%)

3M issued the following…

3M issued the following statement in response to media reports alleging a shipment of 3M personal protective equipment was seized and diverted by U.S. authorities on Friday, April 3, while in transit from a 3M China facility to Berlin Police: "3M has no evidence to suggest 3M products have been seized. 3M has no record of any order of respirators from China for the Berlin police. We cannot speculate where this report originated." According to the company's statement, 3M has extended an offer of help to the German authorities to try "to determine if this false report is the result of fraudulent activity. We have extended this offer to all countries seeking to verify the authenticity of offers to sell respirators. 3M is committed to combating any illegal activity in connection with our products and the COVID-19 outbreak and is working with law enforcement to identify and punish perpetrators."

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Saturday
On The Fly
Week in Review: How Trump's policies moved stocks » 07:29
04/04/20
04/04
07:29
04/04/20
07:29
XOM

Exxon Mobil

$39.20 /

-1.19 (-2.95%)

, CVX

Chevron

$75.15 /

-1.07 (-1.40%)

, NBL

Noble Energy

$6.17 /

-0.12 (-1.91%)

, XEC

Cimarex Energy

$16.85 /

+0.4 (+2.43%)

, FANG

Diamondback Energy

$31.58 /

+2.53 (+8.71%)

, RDS.A

Royal Dutch Shell

$36.24 /

-2.78 (-7.12%)

, RDS.B

Royal Dutch Shell

$34.42 /

-2.36 (-6.42%)

, DVN

Devon Energy

$8.38 /

+0.59 (+7.57%)

, BP

BP

$24.72 /

-1.32 (-5.07%)

, COP

ConocoPhillips

$32.90 /

-0.945 (-2.79%)

, MRO

Marathon Oil

$3.65 /

+0.195 (+5.65%)

, BAC

Bank of America

$20.03 /

-0.535 (-2.60%)

, WFC

Wells Fargo

$26.23 /

-0.98 (-3.60%)

, C

Citi

$37.48 /

-1.82 (-4.63%)

, JPM

JPMorgan

$84.08 /

-1.57 (-1.83%)

, MMM

3M

$133.90 /

-3.96 (-2.87%)

, VMC

Vulcan Materials

$99.66 /

-7.52 (-7.02%)

, EXP

Eagle Materials

$49.80 /

-4.32 (-7.98%)

, GVA

Granite Construction

$14.13 /

-1.4 (-9.01%)

, NUE

Nucor

$35.63 /

-0.38 (-1.06%)

, PWR

Quanta Services

$30.56 /

-0.07 (-0.23%)

, J

Jacobs

$78.99 /

-2.26 (-2.78%)

, MLM

Martin Marietta

$169.65 /

-11.07 (-6.13%)

, DDAIF

Daimler AG

$0.00 /

+ (+0.00%)

, FCAU

Fiat Chrysler

$6.73 /

-0.07 (-1.03%)

, F

Ford

$4.24 /

-0.105 (-2.42%)

, GM

General Motors

$18.03 /

-0.15 (-0.83%)

, HMC

Honda

$19.85 /

-1.05 (-5.02%)

, NSANY

Nissan

$0.00 /

+ (+0.00%)

, TSLA

Tesla

$479.71 /

+25.715 (+5.66%)

, TM

Toyota

$115.08 /

-2.71 (-2.30%)

, VWAGY

Volkswagen

$0.00 /

+ (+0.00%)

Catch up on the top…

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Friday
On The Fly
Fly Intel: Wall Street's top stories for Friday » 16:30
04/03/20
04/03
16:30
04/03/20
16:30
MMM

3M

$133.90 /

-3.96 (-2.87%)

, TSLA

Tesla

$479.71 /

+25.715 (+5.66%)

, BBBY

Bed Bath & Beyond

$3.94 /

+0.385 (+10.83%)

, BAC

Bank of America

$20.03 /

-0.535 (-2.60%)

, JPM

JPMorgan

$84.08 /

-1.57 (-1.83%)

, WFC

Wells Fargo

$26.23 /

-0.98 (-3.60%)

, C

Citi

$37.48 /

-1.82 (-4.63%)

, AMZN

Amazon.com

$1,905.62 /

-11.4 (-0.59%)

, WMT

Walmart

$119.37 /

+0.74 (+0.62%)

, FATE

Fate Therapeutics

$22.94 /

+1.87 (+8.88%)

, JNJ

Johnson & Johnson

$134.13 /

+1.05 (+0.79%)

, INCY

Incyte

$78.69 /

+1.68 (+2.18%)

, MIC

Macquarie Infrastructure

$18.23 /

-5.79 (-24.10%)

, AEHR

Aehr Test Systems

$1.27 /

-0.36 (-22.09%)

, CHWY

Chewy

$33.27 /

-1.995 (-5.66%)

The S&P 500 ended lower…

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Hot Stocks
General Dynamics protest of Leidos award dismissed in part, denied in part » 15:35
04/03/20
04/03
15:35
04/03/20
15:35
LDOS

Leidos

$87.21 /

-1.39 (-1.57%)

, GD

General Dynamics

$125.93 /

-2.18 (-1.70%)

The U.S. Government…

The U.S. Government Accountability Office announced that it dismissed the protest in part and denied the protest in part that was made by General Dynamics Information Technology (GD) of the award of a contract to Leidos (LDOS) under request for proposals No. HC1028-18-R-0024, issued by the Department of Defense, Defense Information Systems Agency for global solutions management - operations, or GSM-O II, services. Three offerors, including Leidos, the incumbent, and GDIT, submitted proposals by the January 7, 2019, closing date, the GAO notice stated. Reference Link

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