Early notable gainers among liquid option names on August 3rd » 09:5508/0308/03/20
VAR, RRC, QCOM, EQT, MCK
Notable gainers among…
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Delta issues waiver, price caps for Florida flights due to hurricane Isaias » 15:0707/3107/31/20
"As Hurricane Isaias…
"As Hurricane Isaias is forecasted to head towards the east coast of the U.S., Delta has issued a travel waiver for cities in Florida. In addition, Delta has extended its capped fares to include flights between 11 southeastern cities in Georgia, Florida and South Carolina," the company announced on its news hub site. Reference Link
Largest borrow rate increases among liquid names » 08:4507/3107/31/20
DGLY, BLDP, APHA, ENB, OTRK, TTOO, TXMD, MNOV, DIA
Latest data shows the…
Latest data shows the largest indicative borrow rate increases among liquid option names include: Digital Ally (DGLY) 60.88% +6.52, Ballard Power (BLDP) 12.01% +2.27, Aphria (APHA) 10.67% +1.11, Enbridge (ENB) 1.05% +0.79, Ontrak (OTRK) 46.42% +0.63, T2 Biosystems (TTOO) 11.54% +0.30, Alerian (AMLP) 4.46% +0.23, TherapeuticsMD (TXMD) 23.28% +0.20, Medicinova (MNOV) 2.13% +0.15, and SPDR DJIA ETF (DIA) 0.37% +0.12.
Delta Air Lines expands change-fee waivers through 2020 » 13:2807/3007/30/20
Delta Air Lines announced…
Delta Air Lines announced in post to its news hub that, effective July 30, it is extending its change-fee waiver to new flights purchased through August 31; offering the ability to rebook travel for up to two years for customers who purchased flights prior to April 17 that are pending travel through the end of year; and implementing automatic seat blocks through at least September 30, which will automatically block seats adjacent to those selected by a customer once a reservation is complete and allow parties of three or more to book seats together, including middle seats. Reference Link
Enbridge price target raised to C$48 from C$47 at CIBC » 12:4907/3007/30/20
CIBC analyst Robert…
CIBC analyst Robert Catellier raised the firm's price target on Enbridge to C$48 from C$47 and keeps an Outperformer rating on the shares.
Enbridge price target lowered to C$58 from C$61 at RBC Capital » 12:3607/3007/30/20
RBC Capital analyst…
RBC Capital analyst Robert Kwan lowered the firm's price target on Enbridge to C$58 from C$61 and keeps an Outperform rating on the shares.
Enbridge reports Q2 adjusted EPS C$0.56 vs. C$0.67 a year ago 07:2107/2907/29/20
Great Lakes Dredge signs subcontract with Bechtel » 16:0707/2807/28/20
Great Lakes Dredge (GLDD)…
Great Lakes Dredge (GLDD) announced the signing of a subcontract with Bechtel. Bechtel is the engineering,procurement and construction, or EPC, contractor for the Train 6 and Third Berth expansions at the Sabine Pass Liquefaction Project, or SPL Project, for subsidiaries of Cheniere Energy (LNG). Cheniere Partners, through its subsidiaries, proposes to construct and operate an expansion of the existing Sabine Pass liquefied natural gas facility, located in Cameron Parish, Louisiana on the Sabine Pass Channel. The proposed expansion of the LNG terminal consists of the addition of a third marine berth and supporting facilities. The third berth will be used to load LNG vessels for export and is sized to accommodate vessels with a capacity of 125,000 to 180,000 cubic meters. Great Lakes' subcontract to Bechtel involves the dredging of the third marine berth, which is expected to commence in the third quarter of 2020. Great Lakes, Bechtel and Cheniere are conscious of the biodiverse environment where the work will be performed and pledge to preserve that as well as commit to work safely.
Early notable gainers among liquid option names on July 28th » 09:5507/2807/28/20
ROP, RRC, EQT, CMI, CTL
Notable gainers among…
Notable gainers among liquid option names this morning include Cummins (CMI) $202.50 +11.54, EQT Corporation (EQT) $13.99 +0.58, Range Resources (RRC) $6.16 +0.17, Roper Technologies (ROP) $432.01 +11.31, and CenturyLink (CTL) $9.95 +0.24.
FirstEnergy has 'overshot even bearish outcomes' in Ohio, says Morgan Stanley » 07:5707/2807/28/20
Morgan Stanley analyst…
Morgan Stanley analyst Stephen Byrd lowered the firm's price target on FirstEnergy to $43 from $47 to conservatively account for the possibility of lower earnings in Ohio, dilution from an assumed equity raise for a $1B fine, and the potential for heightened regulatory risk in other states following last week's announcement by the FBI of a criminal investigation focused in Ohio that involves the company. However, he keeps an Overweight rating on the shares and sees a favorable risk-reward over the next 12-18 months as he believes the stock reflects a further $7.5B of equity discount that "exceeds realistic potential outcomes of the investigation." Byrd thinks the stock price has"overshot even bearish outcomes" of the investigation, he added.