NY Governor says movie theater capacity to be raised to 33% next week » 11:4804/1904/19/21
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New York Governor Andrew…
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Opendoor Technologies call volume above normal and directionally bullish » 11:2504/1904/19/21
Bullish option flow…
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Playa Hotels & Resorts to sell Capri Hotel for $55M in cash » 09:1104/1904/19/21
Playa Hotels &…
Playa Hotels & Resorts announced that it has entered into a binding agreement with a third party to sell the Capri Hotel for a total consideration of $55M in cash. Upon closing, the company expects to execute a management contract and will operate the resort once it reopens after repositioning and renovation. The third party purchasing the hotel expects to simultaneously sign a franchise agreement with a globally recognized brand upon closing. The company has also signed a hotel management agreement with the same third party for a 438-room luxury hotel in Riviera Maya, Mexico that is currently under renovation and expected to open during the third quarter of 2021 as the Hyatt Ziva Riviera Cancun. The sale of the Capri Hotel is subject to customary closing conditions, and the company offers no assurances that this sale will be completed. The company expects the transaction to close in the second quarter.
Fly Intel: Pre-market Movers » 08:5604/1904/19/21
KNL, MANU, KO, HOG, STL, LFMD, REKR, MTB, MLHR, PTON, GME
Check out this morning's…
Western Digital price target raised to $80 from $75 at Benchmark » 07:5904/1904/19/21
Benchmark analyst Mark…
Benchmark analyst Mark Miller raised the firm's price target on Western Digital to $80 from $75 and keeps a Buy rating on the shares. He has raised his FY21 and FY22 estimates for Western Digital given continued signs of improvement in the NAND market and the global economy along with his expectations ofr strength in the Data Center and the PC markets, Miller noted.
Western Digital price target raised to $124 from $100 at Susquehanna » 07:5504/1904/19/21
Susquehanna analyst Mehdi…
Susquehanna analyst Mehdi Hosseini raised the firm's price target on Western Digital to $124 from $100 and keeps a Positive rating on the shares. The analyst updated his estimates which remain well above consensus and his price target reflects his sum of the parts analysis. He believes shares offer a compelling risk/reward in the context of improving NAND fundamentals and increased prospects if Kioxia's IPO with an initial valuation of $20B, and the potential for a re-rating of the shares.
Gap price target raised to $37 from $32 at JPMorgan » 07:2804/1904/19/21
JPMorgan analyst Matthew…
JPMorgan analyst Matthew Boss raised the firm's price target on Gap to $37 from $32 and keeps an Overweight rating on the shares. Chase Consumer Spending data "materially accelerated" in mid-March with overall spending exceeding pre-pandemic 2019 levels by 9% on average over the last six weeks, Boss tells investors in a research note. Further, denim was the "clear stand-out broadly" coming out of JPMorgan's annual retail round-up, adds the analyst.
Manchester United, 11 other European clubs to establish Super League competition » 05:4104/1904/19/21
Twelve European football…
Twelve European football clubs have announced they have agreed to establish a new midweek competition, the Super League, governed by its founding clubs. AC Milan, Arsenal FC, Atletico de Madrid, Chelsea FC, FC Barcelona, FC Internazionale Milano, Juventus FC, Liverpool FC, Manchester City, Manchester United, Real Madrid CF and Tottenham Hotspur have all joined as founding clubs. It is anticipated that a further three clubs will join ahead of the inaugural season, which is intended to commence as soon as practicable. Going forward, the founding clubs said they look forward to holding discussions with UEFA and FIFA to work together in partnership to deliver the best outcomes for the new League and for football as a whole. The founding clubs said, "The formation of the Super League comes at a time when the global pandemic has accelerated the instability in the existing European football economic model. Further, for a number of years, the Founding Clubs have had the objective of improving the quality and intensity of existing European competitions throughout each season, and of creating a format for top clubs and players to compete on a regular basis." The new competition format will consist of 20 participating clubs with 15 founding clubs and a qualifying mechanism for a further five teams to qualify annually based on achievements in the prior season. Midweek fixtures will occur with all participating clubs continuing to compete in their respective national leagues. The competition will have an August start with clubs participating in two groups of ten, playing home and away fixtures, with the top three in each group automatically qualifying for the quarter finals. Teams finishing fourth and fifth will then compete in a two-legged play-off for the remaining quarter-final positions. A two-leg knockout format will be used to reach the final at the end of May, which will be staged as a single fixture at a neutral venue.
Stryve Foods secures expanded retail distribution across new channels » 08:1304/1504/15/21
ANDA, TGT, DG, COST
Stryve Foods announced…
Stryve Foods announced that a series of new retail locations are expected to begin carrying its products in the second quarter of 2021, bringing the total number of stores carrying Stryve brands to approximately 25,000 stores. The following retailers are expected to begin carrying Stryve products during the second quarter of 2021: Target (TGT) - Expected to begin carrying Stryve Biltong in select stores in April 2021; Wawa - Expected to begin carrying Stryve Biltong chain wide in their convenience stores in May 2021; Dollar General (DG) - Expected to begin carrying Vacadillos, Stryve's Carne Seca brand, in 3,000 stores in May 2021 In addition, in the third quarter of 2021, Costco (COST) is expected to begin carrying Stryve products in select warehouses. On January 28, 2021, Stryve and Andina Acquisition Corp. III (ANDA), a publicly-traded special purpose acquisition company, executed a definitive agreement for a proposed business combination. Upon closing of the transaction, Andina will become the parent of Stryve and will be renamed Stryve Foods, Inc. The combined company is expected to remain listed on the NASDAQ under the ticker symbol "SNAX".
Cooper Companies management to meet virtually with Piper Sandler » 04:5504/1504/15/21
Virtual Meeting to be…
Virtual Meeting to be held on April 15 hosted by Piper Sandler.