Today | ||||
Periodicals
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Tyson Viriginia factory closure raises antitrust concerns, Reuters reports »
12:54 03/24/23 03/2412:54 03/24/2312:54
TSN
Tyson Foods
Tyson Foods' move to… Story temporarily locked. ShowHide Related Items >><<
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Yesterday | ||||
Recommendations
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Idexx Laboratories price target raised to $590 from $543 at Morgan Stanley »
07:51 03/23/23 03/2307:51 03/23/2307:51
IDXX
Idexx Laboratories
Morgan Stanley analyst… Morgan Stanley analyst Erin Wright raised the firm's price target on Idexx Laboratories to $590 from $543 and keeps an Overweight rating on the shares. A veterinary industry tracker the firm follows shows that Q1-to-date average weekly revenue across 4,885 U.S. practices rose 6.7% year-over-year, which the firm calls out as a "notable sequential improvement," while vet visits only declined 1.4%, which it said is "also notably better" than Q4. The firm, which thinks Idexx's "solid" initial 2023 organic growth targets likely embed "an element of conservatism," is raising its 2023 EPS estimate to $9.58 from $9.20. ShowHide Related Items >><<
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Wednesday | ||||
Conference/Events
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Timken management to meet with KeyBanc »
17:07 03/22/23 03/2217:07 03/22/2317:07
TKR
Timken
Meeting to be held in… Meeting to be held in Orlando, FL on March 29 hosted by KeyBanc. ShowHide Related Items >><<
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Periodicals
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Extra Space working on potential bid for Life Storage, Bloomberg says »
12:25 03/22/23 03/2212:25 03/22/2312:25
LSI
Life Storage
Extra Space Storage
Public Storage
Extra Space Storage (EXR)… Extra Space Storage (EXR) is weighing making an offer for Life Storage (LSI), which ejected a takeover proposal from Public Storage (PSA) earlier this year, Aaron Kirchfeld, Gillian Tan and Matthew Monks of Bloomberg report, citing people familiar with the matter. Extra Space is working with an adviser on a potential bid, sources told Bloomberg. Shares of Life Storage are up 3% to $127.16 following the report while Extra Space is down 3% to $154.02. ShowHide Related Items >><<
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Periodicals
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Extra Space Storage weighing takeover bid for Life Storage, Bloomberg reports
12:21 03/22/23 03/2212:21 03/22/2312:21
LSI
Life Storage
Extra Space Storage
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Tuesday | ||||
Hot Stocks
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Timken sees Q1 earnings exceeding expectations »
12:21 03/21/23 03/2112:21 03/21/2312:21
TKR
Timken
While the company… While the company didn't update guidance for Q1, Timken said the company previously expected Q1 revenue to be up mid- to high-single digits organically, but "We're now looking like we'll be up at least high single digits organically." Consensus is $1.23B. The company said its backlog remains healthy across most of the sectors it serves. The company expects Q1 earnings to exceed expectations and likely places it on a trajectory that would be towards the high end of guidance "if not higher." Comments taken from the BofA Global Industrials Conference. ShowHide Related Items >><<
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Sunday | ||||
Hot Stocks
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Fly Intel: Top five weekend stock stories »
20:05 03/19/23 03/1920:05 03/19/2320:05
CS
Credit Suisse
UBS
First Republic
JPMorgan
Goldman Sachs
Wells Fargo
Morgan Stanley
Bank of America
Citi
Warner Bros. Discovery
Flutter Entertainment
Darden
Newmont
Catch up on the… Catch up on the weekend's top five stories with this list compiled by The Fly: 1. UBS (UBS) said it plans to acquire Credit Suisse (CS). The combination is expected to create a business with more than $5 trillion in total invested assets and sustainable value opportunities, the bank said in a statement. The discussions were initiated jointly by the Swiss Federal Department of Finance, FINMA and the Swiss National Bank and the acquisition has their full support. Under the terms of the all-share transaction, Credit Suisse shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held, equivalent to CHF 0.76 per share for a total consideration of CHF 3B. UBS said it benefits from CHF 25B of downside protection from the transaction to support marks, purchase price adjustments and restructuring costs, and additional 50% downside protection on non-core assets. 2. U.S. policy makers warily watched the rushed rescue of Credit Suisse over the weekend, hoping that its purchase by UBS would stem a slide in financial stocks triggered by the recent collapse of two regional banks, The Wall Street Journal's David Benoit and Andrew Ackerman report. Late Sunday, the Fed and five major central banks announced a coordinated effort to improve liquidity by moving U.S. dollars among themselves each day, starting Monday, instead of once a week. As jittery markets prepare to open Monday, U.S. officials' main concern is First Republic Bank (FRC), which required rescue funding last week from a group of the nation's biggest banks, the authors note. 3. The U.S. banking system looks to have skirted a full-blown crisis in the past two weeks after the worst scare since 2008-09, thanks to regulators' moves to effectively back deposits and provide loans to the nation's banks, Andrew Bary writes in this week's edition of Barron's. Other potential winners, in addition to JPMorgan (JPM) and Wells Fargo (WFC), include Goldman Sachs (GS) and Morgan Stanley (MS), which are structured as banks but have attractive franchises and do relatively little traditional banking, the author notes. The six biggest banks, which also include Bank of America (BAC) and Citigroup (C), carry dividend yields of 3% to 4.5%, which are safe. The stocks generally trade for 10 times 2023 earnings, or less. The even-higher dividend yields on regional banks also appear secure. 4. Warner Bros. (WBD) "Shazam! Fury of the Gods" opened to a dismal $30.5M domestically from 4,071 locations, making it the worst debut for a title in the DC Cinematic Universe. Overseas, the movie earned $35M for a worldwide cume of $65.5M. "Shazam 2" has a 54% Rotten Tomatoes score and a B+ CinemaScore. 5. Flutter Entertainment (PDYPY), Darden (DRI), and Newmont (NEM) saw positive mentions in this week's edition of Barron's. ShowHide Related Items >><<
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Saturday | ||||
Periodicals
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Newmont stock still worth buying as gold shines again, Barron's says »
09:56 03/18/23 03/1809:56 03/18/2309:56
NEM
Newmont
It's taken a while,… It's taken a while, but gold miner Newmont has finally started doing what Barron's thought it would-and it isn't too late to buy, Jacob Sonenshine writes in this week's edition of the magazine. Despite Newmont's recent rally, the stock still looks cheap. It trades at 6.7 times enterprise value to Ebitda, below its five-year average of nine times, the author notes. Reference Link ShowHide Related Items >><<
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Over a week ago | ||||
Options
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Newmont Mining call volume above normal and directionally bullish »
11:25 03/17/23 03/1711:25 03/17/2311:25
NEM
Newmont
Bullish option flow… Bullish option flow detected in Newmont Mining with 35,708 calls trading, 5x expected, and implied vol increasing over 1 point to 37.45%. May-23 55 calls and Jun-23 55 calls are the most active options, with total volume in those strikes near 7,700 contracts. The Put/Call Ratio is 0.16. Earnings are expected on April 21st. ShowHide Related Items >><<
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Options
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Early notable gainers among liquid option names on March 17th »
09:55 03/17/23 03/1709:55 03/17/2309:55
FDX
FedEx
Newmont
Warner Bros. Discovery
Microsoft
Nvidia
Notable gainers among… Notable gainers among liquid option names this morning include Fedex (FDX) $221.63 +17.58, Newmont Mining (NEM) $47.03 +1.25, Warner Bros. Discovery (WBD) $14.54 +0.38, Microsoft (MSFT) $281.14 +4.94, and NVIDIA (NVDA) $259.84 +4.43. ShowHide Related Items >><<
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