Microsoft puts Windows 10X on back burner, Petri reports » 12:2905/0705/07/21
Microsoft appears to be…
Microsoft appears to be shelving Windows 10X, as the company will not be shipping the operating system this year, Petri's Brad Sams reports, citing people familiar with the company's plans. Microsoft has shifted resources to Windows 10, effectively putting 10X on the back burner for now, Sams says. Reference Link
Viacom, Etsy upgrades among today's top calls on Wall Street » 09:3805/0705/07/21
VIAC, VIACA, ETSY, RBLX, TPR, ALGT, MSFT
Check out today's top…
Canadian National receives support for combination with Kansas City Support » 08:1505/0705/07/21
CN (CNI) announced that…
CN (CNI) announced that it has continued to receive support from customers, suppliers, elected officials and other stakeholders for its proposed combination with Kansas City Southern (KSU). One-hundred additional letters have been sent to CN and filed with the Surface Transportation Board in favor of CN's proposed combination with KCS, its use of a voting trust, or both, bringing the total number of support letters CN has received to well over 800. CN will continue to communicate and engage with its customers and various stakeholders as it works towards an agreed transaction with KCS.
LightShed Partners starts Roblox at Buy with $85 price target » 08:0605/0705/07/21
As previously reported,…
As previously reported, LightShed Partners analyst Brandon Ross initiated coverage of Roblox (RBLX) with a Buy rating and $85 price target. Epic's Fortnite, Roblox and Minecraft "have emerged as the dominant" platforms for gathering in virtual space and participating in 3D interactive experiences and it is clear that people will spend much more time in interactive space and that brand new experiences will emerge under the leadership of these platforms, Ross tells investors. The "category defining platforms should become massively valuable companies" and Roblox is the only of these companies in which public market investors can currently invest directly given that Minecraft is "buried inside" Microsoft (MSFT), Ross added.
Microsoft call buyer realizes 256% same-day gains » 08:0005/0705/07/21
Notable profits for the…
Notable profits for the buyer who lifted the $0.34 offer for 6,824 Microsoft (MSFT) 5/7 weekly 250 calls yesterday at 10:01ET when underlying shares were trading at $245.49. Shares closed at $249.73, and the calls at $1.21 for a mark-to-market profit of 256%, or $594K, on the $232K outlay.
II-VI upgraded to Outperform from Market Perform at Northland » 07:4005/0705/07/21
IIVI, COHR, AAPL
Northland analyst Tim…
Northland analyst Tim Savageaux upgraded II-VI (IIVI) to Outperform from Market Perform with a price target of $70, up from $60, as he believes the pullback in the shares, especially in light of what he calls "solid" fiscal Q3 results, discounts concerns over the full price that the company intends to pay for Coherent (COHR). II-VI's strong execution track record with Finisar was "dramatically underscored" by the announcement of an additional $400M commitment from Apple (AAPL), Savageaux added.
Canadian National places order for 1,000 new hopper cars » 07:1505/0705/07/21
CN announced it has…
CN announced it has placed an order for 1,000 new generation, high-capacity grain hopper cars. "These railcars, to be built in a TrinityRail manufacturing plant in Mexico, will help meet the growing needs of North American grain farmers and demands of grain customers... The purchase of these lighter, shorter, high capacity rail cars will enable CN to move more grain, with less equipment, supporting the company's focus on better serving customers by providing safe, efficient, low carbon freight transportation services," the company said.
Canadian National comments on the STB's decision regarding CP's voting trust » 18:1405/0605/06/21
CNI, KSU, CP
Canadian National (CN)…
Canadian National (CN) issued a statement in response to the Surface Transportation Board's decision regarding the voting trust in connection with Kansas City Southern's (KSU) existing merger agreement with Canadian Pacific Railway (CP). The statement says, among other things: "CN is encouraged by the STB's decision today to approve the Voting Trust for CP's proposed acquisition of KCS. The STB applied the same public interest factors that CN stated should apply to both Voting Trusts. For the reasons given in the STB's decision, CN is confident that the STB will reach the same decision with respect to the identical Voting Trust put forward for CN's proposed acquisition of KCS. Approving both Voting Trusts will allow KCS to choose the bid it judges to be best for its shareholders. CN maintains that it has presented a better bid, is a better partner, a better railway and therefore the best solution for KCS. Our proposal presents an unparalleled opportunity for customers, employees, shareholders and the North American economy. We remain confident in our ability to close the combination with KCS, and we look forward to continuing to engage productively and respectfully with the KCS Board to deliver a superior and pro-competitive transaction to CN and KCS' respective stakeholders".
Apple awards additional $410M from Advanced Manufacturing Fund to II-VI » 15:0105/0605/06/21
Apple (AAPL) has…
Apple (AAPL) has announced a new $410 million award from its Advanced Manufacturing Fund for II-VI (IIVI). The award builds on an initial $390 million awarded from Apple's Advanced Manufacturing Fund in 2017. The expansion of the company's long-standing relationship with II-VI will create additional capacity and accelerate delivery of future components for iPhone, with 700 jobs in Sherman, Texas; Warren, New Jersey; Easton, Pennsylvania; and Champaign, Illinois. II-VI manufactures vertical-cavity surface-emitting lasers that help power Face ID, Memoji, Animoji, and Portrait mode selfies. Apple also works with II-VI to manufacture lasers used in the LiDAR Scanner - technology that helps deliver faster, more realistic augmented reality experiences and improves autofocus in low-light scenes in photos and videos. Reference Link
Moderna, Pfizer slip despite stronger results as U.S. backs vaccine IP waiver » 14:3005/0605/06/21
MRNA, PFE, BNTX, AZN, JNJ, NVAX, VXRT, CVAC
While both Moderna (MRNA)…