by Alpha | Oct 12, 2016 | Pre-Market
PRE-MARKET MOVERS
UPGRADES
1. AAPL:$AAPL upgraded to Positive on iPhone 7 strength at OTR Global
3. BABA:$BABA upgraded to Strong Buy at Vetr Inc.
DOWNGRADES
1. AA:$AA downgraded to Neutral at Bank of America, maintians Neutral rating at Goldman Sachs – PT cut $28 from $30
Trending Social Alerts
2. IPCI:$IPCI Intellipharmaceutics, Mallinckrodt $MNK Enter Exclusive Licensing Agreement for XR Drug Candidates
Trending News Headlines
1. AstraZeneca pulls plug on PhII asthma trial at interim analysis, sinking Synairgen’s stock | FierceBiotech
AstraZeneca has halted a Phase IIa trial of the severe asthma drug it licensed from Synairgen. The Big Pharma took action after an interim analysis raised doubts about whether the study could deliver meaningful data against its primary endpoint, throwing the future of the program into question and wiping 40% off Synairgen’s share price.
2. Celgene and Agios Announce Collaborations with Abbott for Diagnostic Identification of IDH Mutations in AML | Business Wire
Celgene and Agios Form Diagnostic Collaborations for IDH Mutated AML
3. Apple (AAPL) PT Raised to $130 Mizuho; Sees In-Line Q4 and Upside to December Qtr
Mizuho Securities analyst Abhey Lamba previewed Apple’s (NASDAQ: AAPL) Q4 results, reiterating a Buy rating and bumping its price target to $130.00 (from $120.00).Lamba sees revenue and EPS…
4. Weyerhaeuser (WY) to Explore Options for Uruguay Business
Weyerhaeuser Company (NYSE: WY) announced the exploration of strategic alternatives for its timberlands and manufacturing…
5. Randomized, Double-Blind, Phase III Trial of Ipilimumab Versus Placebo in Asymptomatic or Minimally Symptomatic Patients With Metastatic Chemotherapy-Naive Castration-Resistant Prostate Cancer
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6. Stanley black & decker just hammered a nail through sears
One bidder for Sears’ Craftsman unit may have just pulled out of the race.
7. OPEC says it raises oil output, despite deal to cut
OPEC reported an increase in its oil production in September to a multi-year high and raised its forecast for 2017 non-OPEC supply growth, pointing to a larger surplus in the market next year despite the group’s deal to cut output.
Technology News
by Alpha | Oct 11, 2016 | Pre-Market
PRE-MARKET MOVERS
UPGRADES
5. MNTA:$mnta upgraded to overweight by Barclays.
11. TWTR:$TWTR upgraded to Hold at Evercore ISI Group – PT $17
12. VA:$VA upgraded to Neutral at JP Morgan – PT raise $52.50 from $50
DOWNGRADES
EARNINGS
Trending Social Alerts
3. NBIX:$NBIX INGREZZA priority review PDUFA is 4/11/2017.
5. SUPN:$SUPN halted
Trending News Headlines
1. Alcoa Falls as Last Earnings Before Split Miss on Sales Slowdown
Alcoa Inc. headed for the biggest drop in a month after the 128-year-old aluminum maker’s last earnings before splitting into two companies missed estimates and it cut forecasts for prized parts businesses.
2. CNBC Now on Twitter
“LATEST: Twitter and Salesforce remain in deal talks – sources (via @davidfaber)”
3. Samsung to Permanently Discontinue Galaxy Note 7 Smartphone
Samsung said it would permanently discontinue production and sales of its embattled Galaxy Note 7 smartphone. Potential losses to Samsung could wipe out the mobile division’s operating profits for the fourth quarter, according to one estimate.
4. zach on Twitter
“$HZNP expected net sales on non-GAAP adj basis at low end of prev annc’d full yr net sales range, 272-274M”
5. Alcoa to report fiscal third-quarter earnings before the bell
Analysts expect Alcoa to report earnings of about 35 cents a share on 5.31 billion in revenue, according to Thomson Reuters.
6. Citi’s UK chief says timing of Brexit contingency plans now key dilemma
The UK head of U.S. bank Citi (C.N) said on Tuesday that the main question facing the finance industry now is when to enact contingency planning after Britain voted to leave the European Union.
7. Samsung to Permanently Discontinue Galaxy Note 7 Smartphone
The move halts production and sale of the defective premium phone.
8. Samsung Kills Off the Galaxy Note 7 Smartphone
The unprecedented move by the South Korean electronics giant is an embarrassing reversal for a respected global brand.
9. Some comment on the Twitter buyout rumours
Twitter is wildly addictive. This is well known and there are people who check twitter more obsessively than anyone checked email. Twitter…
10. Early movers: STJ, YHOO, TWTR, CAG, UBS, CBS, CAT & more
Some of the names on the move ahead of the open.
11. Twitter Is Said to Be in Continued Talks With Salesforce
The company tries to forge ahead despite a constantly shifting chess match of deal discussions and considerations.
12. Exclusive: Russia’s Rosneft boss Sechin says no to OPEC oil cap
Igor Sechin, Russia’s most influential oil executive and the head of state-controlled energy giant Rosneft (ROSN.MM), said his company will not cap oil production as part of a possible agreement with OPEC.
13. Shire said to edge closer to Radius deal – sources
Still, well-placed City sources have told little old Betaville that the London-listed company had now lined up financing from several banks, including Royal Bank of Canada and Morgan Stanley, for the potential acquisition after Radius began working with Bank of America Merrill Lynch to pursue “strategic options” (banker parlance for sale).
14. IEA Head Sees $60 Oil Prompting Surge in North American Output
Crude prices of $60 a barrel would probably trigger a strong increase in North American oil production while trimming global demand growth, the head of the International Energy Agency said.
Technology News
by Alpha | Oct 7, 2016 | Pre-Market
PRE-MARKET MOVERS
UPGRADES
6. SCYX:$SCYX upgraded to Strong Buy at WBB Securities.
DOWNGRADES
Trending Social Alerts
1. GWPH:Goldman upgrades SMID biotech to attractive. $GWPH initiated buy at GS with $189/target
2. CLVS:$CLVS down 8% –> Rucaparib 0% ORR for platinum-refractory patients, 25% ORR for platinum-resistant patients
3. SCYX:$SCYX upgraded to Strong Buy at WBB Securities.
6. INCY:$INCY – epacadostat + Keytruda in melanoma PFS rate of 74% at 6 mos., 57% at 12 mos. mPFS not yet reached. Median follow up 56 wks. #ESMO17
8. ALNY:MS $ALNY Revusiran Discontinuation Raises Key Questions; Downgrading PT $36.00 Imbalance of mortality leads
9. SAGE:@tgtxdough Renewed interest in CNS disorders has created a rich pipeline of new candidates Names recommend $AVXS $GWPH $SAGE
10. KITE:@tgtxdough Immuno-oncology continues to emerge as a cornerstone of cancer treatment. Names recommend $INCY $KITE
Trending News Headlines
1. Andy Biotech on Twitter
“$CLVS down 8% –> Rucaparib 0% ORR for platinum-refractory patients, 25% ORR for platinum-resistant patients”
2. Clovis Oncology Presents Efficacy and Safety Data from New Drug Application (NDA) Population for Rucaparib in the Treatment of Advanced Mutant BRCA Ovarian Cancer at 2016 ESMO Congress | Business Wire
Clovis Oncology (NASDAQ:CLVS) announced today the oral presentation of the primary efficacy and safety data from its NDA dataset for rucaparib at
3. Liquid Biopsy on Twitter
“$INCY $MRK #ESMO16 Update – Thoughts on ECHO-202/KEYNOTE-037 Initial melanoma PFS trend look competitive vs. (cont)
4. Payrolls in U.S. Rise 156,000 as Americans Stream Into Workforce
Employers continued to add to payrolls in September as record openings drew more Americans into the workforce and most found jobs, indicating the U.S. labor market is settling into a pace that will support the economy.
5. Data Presented at ESMO 2016 Adds to Understanding of Abraxane® as a Therapy for Patients with Historically Challenging Solid Tumors (NASDAQ:CELG)
Multiple presentations evaluate ABRAXANE alone or in combination with novel agents and novel regimens to treat mPAC, NSCLC, and MBC SUMMIT, N.J.–(BUSINESS WIRE)– …
6. Bridge and Tunnel Investor
Visit our forum at: bridgeandtunnelinvestor.com
7. Ruby Tuesday, Inc. (NYSE:RT) – Ruby Tuesday Q1 Sales Decline, Closes 95 Stores In Quarter
Shares of Ruby Tuesday, Inc. (NYSE: RT) are down following the release of its Q1 earnings after Thursday’s market close. The restaurant operator’s total revenue…
Technology News
by Alpha | Oct 6, 2016 | Pre-Market
PRE-MARKET MOVERS
UPGRADES
7. SCTY:$SCTY upgraded to Hold at Axiom Capital
DOWNGRADES
5. GS, TSLA:$TSLA Downgraded to neutral by $GS. Power Gauge bearish…sell and ignore Musk’s hype
Trending Social Alerts
1. TWTR:Twitter shares down nearly 18% in pre-market. Would be worst day since April 2015 if closed at these levels. $TWTR
3. WMT:Walmart will host its 22nd annual Analyst Meeting at 8AM CT, highlighting the company’s plan to win in retail. $WMT…
4. AUPH:$AUPH Complete remission rates increase to 70% at 24 weeks. Patients in remission at 8 weeks remained in remission at 24 weeks
Trending News Headlines
1. Arrowhead and Spring Bank Announce Clinical Collaboration for ARC-520 and SB 9200 in Chronic Hepatitis B
Arrowhead Pharmaceuticals Inc. and Spring Bank Pharmaceuticals, Inc. , a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of viral infections, cancer, and inflammatory diseases, today announced an agreement to perform collaborative studies on Arrowhead’s ARC-520
2. Deutsche Bank announces extra 1,000 jobs to go in Germany
Embattled German lender Deutsche Bank announced Thursday that an extra 1,000 jobs would be lost in its home nation as part of an ongoing restructuring plan.
3. Alnylam gene-silencing drug blows up; damage could spread deep into biotech sector
Alnylam said Wednesday evening that it was scrapping development of revusiran, one of the two most advanced gene-silencing drugs in the company’s pipeline.
4. Aurinia Releases Open-Label AURION Data Demonstrating Increased Remission Rates over Time for Voclosporin in the Treatment of Lupus Nephritis
Aurinia Pharmaceuticals Inc. a clinical stage biopharmaceutical company focused on the global immunology market, today announced 24-week data in all 10 patients from the AURION study, an open-label exploratory study to assess the short-term predictors of response using voclosporin in combination with
5. US crude breaks $50 a barrel for first time since June
Oil prices were underpinned by a surprisingly large drop in U.S. inventory levels the previous day.
6. bluebird bio Announces Topics for Gene Therapy Day, October Investor Presentation
bluebird bio, Inc. , a clinical-stage company committed to developing potentially transformative gene therapies for severe genetic diseases and T cell-based immunotherapies for cancer, today announced the agenda and speakers for its Gene Therapy Day, starting at 9:00 am ET on October 13, 2016 at Le Parker
7. Kite Pharma Initiates Phase 1b/2 Combination Study for KTE-C19 and Atezolizumab in Patients with Refractory Diffuse Large B-cell Lymphoma (DLBCL) (NASDAQ:KITE)
First patient enrolled in ZUMA-6 study evaluating safety and efficacy of anti-CD19 CAR (KTE-C19) therapy in combination with anti-PD-L1 monoclonal antibody atezolizumab SANTA MONICA, Cal…
8. Teva and Celltrion Announce Exclusive Biosimilar Commercial Partnership | Business Wire
Teva Pharmaceutical Industries Ltd. (NYSE and TASE:TEVA), Celltrion, Inc. and Celltrion Healthcare today announce that the companies have entered into
9. Wal-Mart reiterates guidance, plans to slow store openings to invest in digital
Wal-Mart expects next year’s earnings to come in relatively flat as it invests more in digital and technology.
10. Wal-mart (WMT) Outlines Strategic Growth Plan; Reaffirms FY17 Outlook
At its 2016 Investment Community Meeting today, Wal-Mart Stores, Inc. (NYSE: WMT) will outline the companys strategic framework to grow by serving customers across all channels, creating a seamless…
11. Deutsche may not face German penalty over Russian trades: sources
Germany’s financial watchdog has found no evidence to date that Deutsche Bank (DBKGn.DE) violated money laundering rules in Russia, people close to matter said on Thursday, possibly relieving one headache for the country’s biggest bank.
Technology News
by Alpha | Oct 5, 2016 | Pre-Market
PRE-MARKET MOVERS
UPGRADES
DOWNGRADES
EARNINGS
Trending Social Alerts
1. MON:#BREAKING: Monsanto $MON Q4 Revenue, $2.56B vs. $2.38B expected
Trending News Headlines
1. dough on Twitter
“@BioTerp JEFF agrees with your $MDGN report. Slide on $MDGN upside scenarios”
2. Goldman Sounds a Warning on China Property, Outlook for Metals
Goldman Sachs Group Inc. has sounded a warning about the outlook for China’s property market, saying that it sees growing risks across the industry and that any downturn will pose a challenge for metals, especially iron ore and steel.
3. Exclusive: McDonald’s set to sell Singapore, Malaysian franchise to Saudi company – sources
McDonald’s Corp (MCD.N) is nearing a deal to sell 20-year franchise rights for its Singapore and Malaysia outlets to Saudi Arabia’s Reza group, in a transaction estimated at up to $400 million, people familiar with the matter said.
4. Twitter Is Expected to Field Bids This Week
Twitter is expected to field bids this week, in a sign the long-awaited sale of the social-media pioneer could soon be at hand.
5. Jack Dorsey Is Losing Control of Twitter
A year after his return as CEO, live-streaming and new products haven’t revived growth.
6. U.S. private sector adds 154,000 jobs in September: ADP
U.S. private employers added 154,000 jobs in September, below economists’ expectations, a report by a payrolls processor showed on Wednesday.
7. Team Health (TMH) Worth $45-$58 in ‘Take Private’ Deal – Jefferies
Jefferies analyst Brian Tanquilut weighed in on Team Health (NYSE: TMH) following reports Tuesday the company is in discussions with private equity sponsors to potentially take the company private….
8. LendingClub Probe Said to Review Buyback as Laplanche Faced Loss
Wall Street’s top cop is scrutinizing whether the founder of LendingClub Corp. advocated for the company to prop up its shares without telling the board about a possible conflict of interest, according to people with knowledge of the matter.
9. Brexit Aide Says U.K. Has Four Red Lines in Coming Talks With EU
Brexit Secretary David Davis’s top parliamentary aide gave the most specific outline yet of the “red lines” Prime Minister Theresa May’s government will set in the looming talks to leave the European Union.
Technology News
by Alpha | Oct 4, 2016 | Business, Pre-Market
PRE-MARKET MOVERS
UPGRADES
5. RIG:$RIG upgraded to Sector Perform at Scotia Howard Weil
DOWNGRADES
1. DEPO:$DEPO downgraded to Neutral from Buy at Mizuho.
4. KMI:$KMI downgraded to Hold at Stifel Nicolaus
EARNINGS
Trending Social Alerts
1. SRPT:$SMMT Sarepta $SRPT, Summit Therapeutics Enter Licensing Agreement for Utrophin Modulator Pipeline -SI
3. TRIB:$TRIB halted news pending
4. HALO:@Biotech2050 so $HALO PegpH20’s become the Rx of choice for high HA #Pancan Pts by the #PancanActionNetwork even before data out-very soon.
5. SMMT:$SRPT and $SMMT License and Collaboration Agreement for European Rights to Summit’s Utrophin Modulator Pipeline for the Treatment of DMD
6. CATB:$CATB Completes Enrollment in Part B Of The MoveDMD Ph.2 Trial Of Edasalonexent For The Treatment Of DMD. Topline Data in First Half of Q1
Trending News Headlines
1. Twitter (TWTR) Only Worth $17-$26 in a Takeover – Susquehanna
Susquehanna analyst Shyam Patil performed a potential takeout price analysis on Twitter, Inc. (NYSE: TWTR) and sees a takeout range at $17-$26. With the stock currently trading at $24,…
2. Morgan Stanley Brokers Pushed Loans to Win Dinners
Getting paid for selling products is inevitable, but in finance it somehow seems icky.
3. Investors guide to this week’s clovis, tesaro ovarian cancer drug updates
A cancer research meeting beginning on Friday will provide investors with an opportunity to inspect updated clinical data on two, competing PARP inhibitors from Clovis Oncology and Tesaro.
4. Dreamforce on Twitter
“Watch the biggest moments of #DF16 on SalesforceLIVE! 🎥 View the schedule:
Technology News