Market News, $FB Facebook shares slide after reports of data misuse – Reuters, and More | $AMZN, $CDTX, $CSIQ, $HL, $TSLA, $BABA, $AAPL, $BPY

by Alpha | Mar 19, 2018 | Pre-Market

PRE-MARKET MOVERS

1. HL, KLDX:  $KLDX Hecla Mining $HL Announces $462M Acquisition of Klondex Mines Ltd. – SI

2. CLRB:  $CLRB Cellectar Biosciences Granted Orphan Drug Designation for CLR 131 to Treat Neuroblastoma – GN

3. KLAC, ORBK:  $ORBK KLA-Tencor $KLAC to acquire Orbotech in deal with equity value of about $3.4 billion – MW

4. BCS:  $BCS Barclays in Activist Crosshairs as Bramson Takes 5.2% Stake -BBG

5. CSIQ:  $CSIQ Canadian Solar Reports Fourth Quarter and Full Year 2017 Results – PRN

6. BPY, GGP:  $GGP Brookfield Property $BPY submits new offer for mall owner GGP – sources – Reuters

7. CACI, CSRA, GD:  $CSRA CACI $CACI Makes Bid for CSRA, Seeking to Break Up General Dynamics Deal $GD – WSJ

8. AAPL, OLED, SYNA:  $AAPL Apple Is Secretly Developing Its Own Screens for the First Time – BBG $OLED -5% $SYNA -3%

9. XLNX:  $XLNX New flexible computer chips could rewire an AI near you – CNet

10. BABA:  $BABA Alibaba doubles Lazada investment to $4B in aggressive Southeast Asian expansion – Reuters

11. AMZN:  $AMZN Amazon Sellers Seek More Clout With New ‘Merchants Guild’ – BBG

12. FB:  $FB Facebook shares slide after reports of data misuse – Reuters

13. FB:  $FB Mark Zuckerberg Told to ‘Stop Hiding Behind his Facebook Page’ After Reports of Data Breach – TIME

14. CDTX:  $CDTX Cidara Reports Positive Topline Results from Ph 2 STRIVE Trial of Lead Antifungal Rezafungin

UPGRADES

DOWNGRADES

Educational Tip of the Day (SOURCE: NASDAQ.com):

Narrowing the spread: Reducing the difference between the bid and ask prices of a security

Narrow market: An inactive market, which displays large fluctuations in prices due to a low volume of trading.

Odd lot: A trading order for less than 100 shares of stock. 

Round lot: Trading order typically of 100 shares of a stock or some multiple of 100.

Odd-lot theory: Theory that profits can be made by making trades contrary to odd-lot trading patterns, since odd-lot investors have poor timing.

Odd-Lot Buy Back: An offer made by the corporation or its agent to purchase shares from odd-lot shareholders

Odd-lot dealer: A broker who combines odd lots of securities from multiple buy or sell orders into round lots and executes transactions in those round lots.

Odd-lot short-sale ratio: The percentage of total odd-lot sales that is composed of short sales.

Odd-Lot Resale: An offer made by the corporation or its agent to purchase shares from odd-lot shareholders and immediately resell them in the market, usually in round-lots to institutions, thus saving the corporation the expense of merely buying shares back.

EARNINGS

Trending Social Alerts

Trending News Headlines

Amazon’s experimental lab, known internally as 1492 or Grand Challenge, has hired Taha Kass-Hout, former FDA Chief Health Informatics Officer.

The European Union has agreed on the broad terms of Britain’s two-year transition deal after leaving the bloc in March 2019, according to an EU official familiar with the discussions, but Ireland remains “an issue.”

Pre-Market, Upgrades, Downgrades, News | $AMRS, $CBAY, $ADBE, $WYNN, $TEVA, $AAPL, $SPY, $TSLA, $WDC, $NEP, $DIS

by Alpha | Mar 16, 2018 | Pre-Market

PRE-MARKET MOVERS

1. AMRS:  $AMRS Reports Another Strong Quarter with 2017 Rev of $143.4M up 113% over 2016 – GN

2. CBAY:  $CBAY Tops Q4 EPS by 8c, Beats on Revenues – SI

3. ADBE:  $ADBE Climbs After Sales Jump for Growing Software Suite

4. WYNN:  $WYNN Casino mogul Steve Wynn may sell his stake in Wynn Resorts – CNBC

5. KR:  $KR Board of Directors Approves $1B Share Repurchase, Declares Quarterly Dividend

6. ZUMZ:  $ZUMZ , Inc. Misses Q4 EPS by 10c, Beats on Revenues – SI

7. CORT, TEVA: $CORT Files Lawsuit Against $TEVA for Infringement of Korlym Patents

UPGRADES

DOWNGRADES

EARNINGS

Educational Tip of the Day (SOURCE: NASDAQ.com): 

Foreign Corrupt Practices Act: An amendment to the Securities Exchange Act created to prohibit bribery of foreign officials by publicly held US companies.

Beta equation (security): The market beta of a security is determined as follows: Regress excess returns of stock y on excess returns of the market. The slope coefficient is beta. Define n as number of observation numbers.

• Beta= 
• [(n) (sum of [xy]) ]-[ (sum of x) (sum of y)]/
  
• [(n) (sum of [xx]) ]-[ (sum of x) (sum of x)]
  
• where: n = # of observations (usually 36 to 60 months)
  
• x = rate of return for the S&P 500 index
  
• y = rate of return for the security.

High-grade bond: A bond with Triple-A or Double-A rating in Standard & Poor’s, or Moody’s rating system.

Import Quota: Puts limits on the quantity of certain products that can be legally imported into a particular country during a particular time frame. There is a Fixed quota, which is a maximum quantity not to be exceeded, and tariff rate surcharge, which permits additional quantities but at much higher duty.

Leverage ratios: Measures of the relative value of stockholders, capitalization, and creditors obligations, and of the firm’s ability to pay financing charges. Value of firm’s debt to the total value of the firm (debt plus stockholder capitalization).

Married Put and Stock: The simultaneous purchase of stock and the corresponding number of put options. This is a limited risk strategy during the life of the puts because the stock can be sold at the strike price of the puts.

Trending Social Alerts

Trending News Headlines

Wynn Resorts Ltd’s former chief executive, Steve Wynn, may elect to sell all or a portion of his stake in the company, according to a regulatory filing dated Thursday.

Pre-Market Updates, Upgrades, Downgrades and More News | $BABA, $BKS, $YRD, $CS, $AMZN, $AAPL, $WFC, $TSLA, $DG, $ALXN, $CTRP

by Alpha | Mar 15, 2018 | Pre-Market

PRE-MARKET MOVERS

1. CWAY, HONE:  $CWAY HarborOne Bank $HONE to Acquire Coastway Bancorp – SI

2. CVTI:  $CVTI Chattanooga-based Covenant Transport raises profit outlook – GN

3. BKS:  $BKS Barnes & Noble shoots higher after guidance update – SA

4. ALXN:  $ALXN Alexion’s rare blood disorder drug succeeds in late-stage study – Reuters

5. DG:  $DG Dollar General shares jump after same-store sales beat, upbeat outlook – MW

6. LITB:  $LITB LightInTheBox Establishes Experimental Cryptocurrency Mining Operation in North America – SI

7. LJPC:  $LJPC La Jolla Pharmaceutical Prices 3.4M Shares Common Offering $29.50/Sh – SI

8. YRD:  $YRD Yirendai Reports Fourth Quarter and Full Year 2017 Financial Results – PRN

9. WSM:  $WSM Williams-Sonoma shares rally on earnings, outlook beat – MW

10. BABA:  $BABA China Tech Titan Alibaba Plans Stock-Market Homecoming – WSJ

11. CS, XIV:  $CS Credit Suisse is being sued for losses over a controversial financial product $XIV – CNBC

12. AMZN:  $AMZN Exclusive: Amazon’s internal numbers on Prime Video, revealed – Reuters

13. WFC:  $WFC Wells Fargo faces sanctions for auto insurance payouts – sources – Reuters

14. AKCA, IONS:  $IONS Ionis Sends Nerve Drug to Spinout Akcea as Battle w Alnylam Looms – Xconomy $AKCA

15. CTRP:  $CTRP China’s Ctrip Blames Scandal, Business Curbs for Sales Shortfall – BBG

16. BNFT:  $BNFT Benefitfocus Announces Fourth Quarter and Full Year 2017 Financial Results – GN

17. IVTY:  $IVTY Invuity Announces Proposed Public Offering of Common Stock – SI

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DOWNGRADES

EARNINGS

Trending Social Alerts

Educational Tip of the Day (SOURCE: NASDAQ.com):

Junk bond: A bond with a speculative credit rating of BB (S&P) or Ba (Moody’s) or lower. Junk or high-yield bonds offer investors higher yields than bonds of financially sound companies. Two agencies, Standard & Poors and Moody’s Investor Services, provide the rating systems forcompanies’ credit.

 

Strike price: The stated price per share for which underlying stock may be purchased (in the case of a call) or sold (in the case of a put) by theoption holder upon exercise of the option contract.4

 

Open interest: The total number of derivatives contracts traded that have not yet been liquidated either by an offsetting derivative transaction or by delivery.

 

Overtrading: Excessive broker trading in a discretionary account. Underwriters persuade brokerage clients to purchase some part of a new issue in return for the purchase by the underwriter of other securities from the clients at a premium. This premium is offset by the underwriting spread.

 

Hedged portfolio: A portfolio consisting of a long position in the stock and a long position in the put option on the stock, so as to be riskless and produce a return that equals the risk-free interest rate.

Trending News Headlines

The e-commerce company is working on a plan to list on a stock exchange in its home market, China more than three years after it bypassed domestic investors to go public in New York.

Amazon.com Inc’s top television shows drew more than 5 million people worldwide to its Prime shopping club by early 2017, according to company documents, revealing for the first time how the retailer’s bet on original video is paying off.

Incyte Targeted Therapy and Immuno-Oncology Portfolio to be Featured in 15 Abstracts at the AACR Annual Meeting 2018

The succession plans at JPMorgan and Goldman say a lot about where the companies—and the Street—are headed.

U.S. regulators are preparing to sanction Wells Fargo for receiving commissions on auto insurance policies it helped force on more than half a million drivers, people with direct knowledge of the probes told Reuters.

SAN DIEGO and TORONTO, March 15, 2018 (GLOBE NEWSWIRE) — Aptose Biosciences Inc. (“Aptose” or the “Company”) (NASDAQ: APTO ) (TSX: APS ), a clinical-stage company developing highly differentiated therapeutics targeting the underlying mechanisms of cancer, today announced that preclinical data for CG’806, its pan-FLT3/pan-BTK inhibitor, and APTO-253, its c-Myc inhibitor, will be presented in three separate posters at the 2018 AACR Annual Meeting in Chicago, Il.

Pre-Market Updates, Upgrades, Downgrades, Social and Other News | $AAPL, $SPY, $WYNN, $TSLA, $AMZN, $BA, $DPW, $NFLX, $PAY, $AUTO

by Alpha | Mar 9, 2018 | Pre-Market

PRE-MARKET MOVERS

1. PDLI:  $PDLI PDL BioPharma Announces Fourth Quarter and Year End 2017 Financial Results – PRN

2. ACRX:  $ACRX AcelRx Pharma Receives Type A FDA Meeting Minutes and Plans to Resubmit DSUVIA NDA in Q2 – SI

3. FNKO:  $FNKO Funko shares rally after quarterly results top Street view – MW

4. CCXI:  $CCXI ChemoCentryx posts 4Q profit – SFGate

5. DPW:  $DPW DPW Holdings Subsidiary to Purchase Another 1,100 Mining Machines – SI

6. TXMD:  $TXMD TherapeuticsMD FDA Accepts TX-001HR NDA; 10/28/18 PDUFA – SI

7. INTT:  $INTT inTEST Reports 2017 Fourth Quarter & Year-End Financial Results – GN

8. UNFI:  $UNFI United Natural Foods Reveals Gain In Q2 Profit – Nasdaq

9. UPLD:  $UPLD Upland Software Adjusted Profit, Revenue Top Views, Shares Rise – IBD

10. LOCO:  $LOCO El Pollo Loco shares rise after better-than-expected guidance – MW

11. WYNN:  $WYNN Wynn, Universal Entertainment and Aruze USA Reach Settlement Agreement – SI

12. DAN:  $DAN Dana Incorporated to Combine with GKN’s Driveline Division – SI

13. NFLX:  $NFLX Obama in Talks to Provide Shows for Netflix – NYT

14. AVGO, QCOM:  $QCOM Broadcom $AVGO Makes Plea to Congress Over Hostile Takeover of Qualcomm – WSJ

15. BA, ERJ:  $BA Exclusive: Boeing has ‘cash horsepower’ for targeted acquisitions – CEO – Reuters $ERJ +0.4% pre

16. AMZN:  $AMZN Amazon’s pharmacy hires hint of ambitions to upend a $360 billion market – STAT

20. ACGL:  $ACGL Arch Capital Group Ltd Announces 5.67M Share Secondary Offering – SI

21. IDT:  $IDT IDT -5.5% as earnings feature dividend cut – SA

22. GPRO:  $GPRO No serious bidders for potential GoPro sale – NYPost

23. ADSW:  $ADSW Advanced Disposal Services Announces $10M Secondary Offering of Common Stock – SI

24. EEX:  $EEX Emerald Expositions Events, Inc. Prices 6M Share Secondary Offering at $18.50/Sh – SI

25. PAY:  $PAY Verifone Reports Results for the First Quarter of Fiscal 2018 – BW

26. TSLA:  $TSLA Tesla’s Accounting Chief Exits Company as Departures Continue – BBG

27. DPLO:  $DPLO Diplomat Pharmacy Block is Said Offered at $20.85-$21/Share – Bloomberg

28. GBT:  $GBT Global Blood Therapeutics Prices 4M Share Offering at $54/Sh – SI

29. BIG:  $BIG Big Lots’ stock tumbles as surprise same-store sales drop offsets profit beat, dividend hike – MW

30. FNSR:  $FNSR Finisar Announces Third Quarter Fiscal 2018 Financial Results – GN

31. INSY:  $INSY Drugmaker Insys loss widens on lower Subsys sales – Reuters

32. CANF:  $CANF Can-Fite BioPharma Announces $5 Million Registered Direct Offering – SI

33. VNRX:  $VNRX VolitionRx Announces Proposed Underwritten Public Offering of Common Stock – SI

34. AUTO:  $AUTO AutoWeb -35% on Q3 miss; CEO, CFO exiting – SA

UPGRADES

DOWNGRADES

EARNINGS

Educational Tip of the Day (SOURCE: NASDAQ.com):

J-curve: Theory that says a country’s trade deficit will initially worsen after its currency depreciates because higher prices on foreign imports will more than offset the reduced volume of imports in the short run.

J Curve (2): In context of private equity, the curve that is formed by plotting returns generated by a private equity fund against time from inception to termination. There is usually negative returns (due to start up costs and management fees) in early years and investment gains in the outlying years as the portfolio of companies mature. 

Option cycle: The cycle of option expiration months. The most common cycles are: January, April, July, and October (JAJO); February, May, August, and November (FMAN); and March, June, September, and December (MJSD). 

Option elasticity: The percentage increase in an option’s value, given a 1 percentage point change in the value of the underlying security.

Value-added tax: A value added tax (VAT) is a form of consumption tax. As a buyer, it is a tax on the purchase price. As a seller, it is a tax on the “value added” to a product, material or service at his/her stage of its manufacture or distribution. For example, if a television is built by a company in a country that charges VAT, the manufacturer is charged VAT on all of the parts they purchase to produce the television. Once the television is sold, the consumer pays VAT on the entire product. The VAT is ultimately passed on to the end user. 

Vertical spread: Simultaneous purchase and sale of two options that differ only in their exercise price.

Horizontal spread: The simultaneous purchase and sale of two options that differ only in their expiration dates.

Trending Social Alerts

Trending News Headlines

Broadcom Ltd said in a letter to U.S. Congress on Friday that it will not sell any critical national security assets to any foreign companies if its $117 billion deal to buy chipmaker Qualcomm Inc is approved.

Toys “R” Us Inc. is making preparations for a liquidation of its bankrupt U.S. operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter.

Broadcom wrote to members of Congress in its latest attempt to ease concerns over its proposed takeover of Qualcomm, arguing a combined company would support U.S. leadership in 5G.

U.S. President Donald Trump has announced import tariffs of 25 percent on steel and 10 percent on aluminum but exempted Canada and Mexico and offered the possibility of exemptions for other allies. {nL4N1QQ1M8]

“WF $ECYT PT 20 Initiating At Outperform On PSMA Radionuclide For CRPC, Novel CAR-T”

TORONTO, March 09, 2018 (GLOBE NEWSWIRE) — Trillium Therapeutics Inc. (NASDAQ: TRIL ) (TSX: TRIL ) , a clinical stage immuno-oncology company developing innovative therapies for the treatment of cancer, today reported financial and operating results for the year ended December 31, 2017.

Pre-Market Movers, Upgrades, Downgrades and Market News | $AAPL, $AMZN, $NFLX, $TSLA, $YY, $THO, $WYNN, $MCHP, $NVIV

by Alpha | Mar 8, 2018 | Pre-Market

PRE-MARKET MOVERS

1. NVIV:  $NVIV Invivo Therapeutics Announces FDA Approval for Trial of Neuro-Spinal Scaffold – SI

2. CI, ESRX:  $ESRX Cigna $CI Agrees to Buy Express Scripts for More Than $50 Billion – WSJ

3. BBRG:  $BBRG Bravo Brio Restaurant Agrees to Be Acquired by Spice Private Equity for $4.05/Share – SI

4. CRIS:  $CRIS Curis Reports Fourth Quarter and Year-End 2017 Financial Results – PRN

5. EYES:  $EYES Second Sight Medical Q4 Revenues Beat Views – SI

6. BURL:  $BURL Burlington Stores Jumps On Strong Earnings, Same-Store Sales, Guidance – IBD

7. CMTL:  $CMTL Comtech Telecommunications Announces Results for Fiscal 2018 2Q & Updates 2018 Guidance – BW

8. CLDX:  $CLDX Celldex Provides Corporate Update and Reports Full Year 2017 Results – GN

9. NETE:  $NETE Net Element Appoints Jon ‘Dr. J’ Najarian to Board of Directors – SI

10. RCII:  $RCII Rent-A-Center in talks with possible buyers, cuts 250 jobs – Reuters

11. CZR:  $CZR Caesars Entertainment Reports Fourth Quarter and Full Year 2017 Results – PRN

12. THO:  $THO Thor Industries Beats On Sales, Says ‘RV Delinquency Rate’ Low, Inventories Fine – IBD

13. IDXG:  $IDXG Interpace Diagnostics Announces Additional Coverage of Thyroid Tests – SI

14. TEUM:  $TEUM Pareteum Enters Mexican Market in a 5 Year $4.5 Million MVNO Agreement – SI

15. WYNN:  $WYNN Wynn Resorts higher after business update – SA

16. DVN:  $DVN Devon Energy Announces $553 Million Sale of Johnson County Assets – BW

17. CLVS:  $CLVS Clovis Oncology Announces U.S Patent Allowance for Rucaparib With 2035 Expiration – SI

18. AMZN, W:  $W Loop Capital Sees Compelling Reasons for Amazon $AMZN to Acquire Wayfair – SI

19. MCHP:  $MCHP Goldman Sachs Upgrades Microchip Technology to Buy, $108 PT

20. AAPL, SNAP:  $SNAP WILL APPLE $AAPL BUY SNAP? – VanityFair

21. MU:  $MU Micron Technology PT Raised to $65 at KeyBanc; ‘DRAM Pricing Remains Strong’

22. LB:  $LB Victoria Secret parent L Brands reports February sales growth, sets new stock buyback program – MW

23. AKAM:  $AKAM Akamai Reports Shareholder Value Initiatives in Pact with Elliott Management – SI

25. COST:  $COST Costco Outshines Other Discount Chains, But Concerns Linger – BBG

26. GWRE:  $GWRE Guidewire Software to Offer $200M of Common Stock and $300M of Convertible Senior Notes – SI

27. ARES:  $ARES Ares Management Prices 15M Share Common Offering at $22/Sh; 5M from Ares, 10M from Shareholder

28. CLSD:  $CLSD Clearside Biomedical Prices 6.54M Shares at $13 – SI

29. AMZN, MELI:  $MELI $AMZN Readies Move to Sell Electronics Directly in Brazil: Sources

30. ERII:  $ERII Energy Recovery misses 4Q revenue forecasts – SFGate

31. KR:  $KR Kroger shares fall on disappointing profit outlook – CNBC

32. MEET:  $MEET The Meet Group Reports Fourth Quarter and Full Year 2017 Financial Results – BW

33. MYO:  $MYO Myomo Reports Fourth Quarter and Year End 2017 Results – BW

34. ZAGG:  $ZAGG ZAGG Reports Record 2017 Fourth Quarter and Full Year Results – GN

35. CKPT:  $CKPT Checkpoint Therapeutics, Inc. Announces Proposed Public Offering of Common Stock – SI

36. VBLT:  $VBLT VBL Therapeutics Ph 3 GLOBE Study FAIL in Patients w Recurrent Glioblastoma – SI

UPGRADES

DOWNGRADES

EARNINGS

Educational Tip of the Day (SOURCE: NASDAQ.com): 

Scale in: Gradually taking a position in a security or market over time.

 

Prospective Earnings Growth (PEG Ratio): The idea is to scale the P/E ratio by earnings growth. Higher P/E multiples could be a result of higher growth opportunities. The usual implementation is to divide the current P/E ratio by the five-year prospective earnings growth. This ratio is problematic if expected earnings growth is negative. As with the usual P/E ratio, zero or very small earnings causes problems too. For stock selection, it is usually recommend to  look at E/P (earnings price ratio) and expected earnings growth as two separate factors rather than a single PEG ratio., and also recommend looking at different horizons for expected earnings growth. 

 

Protectionism: Notion that governments should protect domestic industry from import competition by means of tariffs, quotas, and other trade barriers.

 

Put-call parity: Option pricing principle that says, given a stock’s price, a put and call of the same class must have a static price relationship because arbitrage opportunities or activities will always reestablish such a relationship.

 

Put-call parity relationship: The relationship between the price of a put and the price of a call on the same underlying security with the same expiration date, which prevents arbitrage opportunities. Holding the underlying stock and buying a put will deliver the exact payoff as buying one call and investing the present value (PV) of the exercise price. The call value equals C = S + P – PV(k).

 

Put-call ratio: The ratio of the volume of put options traded to the volume of call options traded, which is used as an indicator of investor sentiment (bullish or bearish).

Trending Social Alerts

Trending News Headlines

Health insurer Cigna Corp. is nearing a deal to buy Express Scripts Holding Co., according to people familiar with the matter. The deal could be announced as soon as Thursday.

Assessing the wisdom of an increasingly popular Silicon Valley dinner-party parlor game.

U.S. health insurer Cigna Corp said on Thursday it would buy pharmacy benefits manager Express Scripts Holding Co for about $54 billion, the latest deal in the sector aimed at cutting soaring healthcare costs.

U.S. health Insurer Cigna is close to buying pharmacy benefit manager Express Scripts.

Investor conference call to be held today, Thursday March 8, 2018 at 8:30am ET

Cigna Corporation and Express Scripts Holding Company today announced that they have entered into a definitive agreement whereby Cigna will acquire Express Scripts in a cash and stock transaction valued at approximately $67 billion, including Cigna’s assumption of approximately $15 billion in Express