Fly Intel: Wall Street's top stories at midday » 12:2802/2002/20/20
MS, ETFC, LB, IOTS, DLGNF, VIAC, SIX, DPZ, STMP, CYH, TEVA, TVTY, AAN
Stocks are down at midday…
Domino's Pizza rises 23.1% » 12:0002/2002/20/20
Domino's Pizza is up…
Story temporarily locked.
Domino's Pizza rises 23.7% » 10:0002/2002/20/20
Domino's Pizza is up…
SolarEdge price target raised to $140 from $100 at Roth Capital » 09:3402/2002/20/20
Roth Capital analyst…
Roth Capital analyst Philip Shen raised his price target for SolarEdge (SEDG) to $140 from $100 after the company delivered a mixed Q4/healthy Q1 guide. Compared with Enphase Energy's (ENPH) runup, the analyst believes SolarEdge looks compelling from a relative valuation perspective. He reiterates a Buy rating on SolarEdge's shares.
Fly Intel: Pre-market Movers » 09:0502/2002/20/20
ETFC, MS, LB, IOTS, DPZ, TXMD, STMP, VIAC, VIACA, SO, SIX, WIX
HIGHER: E-Trade (ETFC),…
HIGHER: E-Trade (ETFC), up 24% after announcing Morgan Stanley (MS) will acquire the company in an all-stock transaction valued at approximately $13B. Under the terms of the agreement, E-Trade stockholders will receive 1.0432 Morgan Stanley shares for each E-Trade share, which represents per share consideration of $58.74 based on the closing price of Morgan Stanley common stock... Adesto Technologies (IOTS), up 55% after entering a definitive agreement for Dialog Semiconductor (DLGNF) to acquire all outstanding shares of the company for $12.55 per share in cash, or for approximately $500M enterprise value. UP AFTER EARNINGS: Domino's Pizza (DPZ), up 19%... TherapeuticsMD (TXMD), up 5%... Stamps.com (STMP), up 38%. DOWN AFTER EARNINGS: ViacomCBS (VIAC), down 9%... Southern Company (SO), down 2%... Six Flags (SIX), down 18%... Wix.com (WIX), down 10%. ALSO LOWER: L Brands (LB), down 11% after the company and Sycamore Partners announced a transaction that positions Bath & Body Works as a standalone public company and separates Victoria's Secret Lingerie, Victoria's Secret Beauty and PINK into a privately-held entity. Under the terms of the transaction, Victoria's Secret, with a total enterprise value of $1.1B, will be separated from L Brands into a privately-held company majority-owned by Sycamore. After taking into account certain liabilities, Sycamore will purchase a 55% interest in Victoria's Secret for approximately $525M. L Brands will retain a 45% stake in Victoria's Secret... Morgan Stanley, down 4% after acquiring E-Trade in an all-stock transaction valued at approximately $13B.
SolarEdge price target raised to $156 from $88 at Canaccord » 08:5202/2002/20/20
Canaccord analyst Chip…
Melco Resorts reports Q4 operating revenues $1.45B, consensus $1.46B » 08:0502/2002/20/20
Net income attributable…
Domino's Pizza rallies 15% to $341.24 after Q4 results beat estimates 07:4502/2002/20/20
Domino's Pizza reports Q4 global net store growth of 492 stores » 07:3702/2002/20/20
The company had fourth…
The company had fourth quarter global net store growth of 492 stores, comprised of 141 net new U.S. stores and 351 net new international stores. In fiscal 2019, the company opened 1,106 net new stores, comprised of 250 net new U.S. stores and 856 net new international stores.
Domino's Pizza confirms two-to-three-year outlook » 07:3602/2002/20/20
Sees: Global retail sales…
Sees: Global retail sales growth of 7%-10%; U.S. same store sales growth 2% - 5%; International same store sales growth 1%-4%; Global net unit growth 6%-8%.