DAILY US EQUITY OPENING NEWS - Sage Therapeutics (SAGE) – The co. announces positive results from its Phase 2 trial of SAGE-217 for treating major depressive disorder

7th December 2017

EARNINGS

Broadcom (AVGO) (USD) - Q4 EPS USD 4.59 vs. Exp. USD 4.51, revenue USD 4.84bln vs. Exp. USD 4.82bln. (Newswires)

Dollar General (DG) - Q3 EPS USD 0.93 vs. Exp. USD 0.94, revenue USD 5.9bln vs. Exp. USD 5.8bln. Further, the co. reports Q3 SSS were up 4.3% and it plans to open approximately 1285 new stores. (Newswires)

Lululemon (LULU) - Q4 Adj. EPS USD 0.56 vs Exp. USD 0.52, revenue USD 619mln vs Exp. USD 612mln. Further, the co. announces a USD 200mln share repurchase program. (Newswires)

Tailored Brands (TLRD) – Q3 EPS USD 0.75 vs Exp. USD 0.54, revenue USD 910.8mln vs Exp. USD 807.5mln. Q3 SSS reported -1.0%. (Newswires)

 

DJIA

Chevron (CVX) – The energy company announces a USD 18.3bln capital, exploratory budget for 2018. (Newswires)

Exxon Mobil (XOM) – The energy giant announces a partnership with retailer Grupo Orsan to open 50 Mobil stations in Mexico. (Newswires)

General Electric (GE) – The energy co. plans to cut its subsidiary, GE power, workforce by 18%. (Newswires)

Wal-Mart (WMT) – The retailer is experiencing a slower distribution network due to increased online demand. (Newswires)

 

S&P 500

American Tower (AMT) – The co. raises its quarterly dividend to USD 0.70 from USD 0.66 and announce a new USD 2bln stock repurchase programme. (Newswires)

AT&T (T) / Time Warner (TWX) – AT&T are to meet in court with the US DoJ for the first time, as the antitrust regulator attempts to stop the purchase of Time Warner. (Newswires)
CME Group (CME) – The electronic trading platform announces it declared its annual variable dividend of USD 3.50/shr. (Newswires)

Ford (F) / Alibaba (BABA) – The two companies sign a deal to explore cooperation areas such as retail which could involve the sale of Ford’s cars on Alibaba’s online retail platform, as well as an exploration into cloud computing and connectivity. (Newswires)

News Corp. (NWSA) – Australia’s’ competition watchdog announces the merger between the company’s Fox Sports and Foxtel ‘would not substantially lessen competition’. (Newswires)

Northrop Grumman (NOC) – The global security company announces as expected, the Federal Trade Commission is requesting more information regarding the deal with Orbital ATK (OA), it continues to see the acquisition closing in the first 6 months of 2018. (Newswires)

PepsiCo (PEP) – The food, snack and beverage co. announce Mike Spanos as CEO in Asia, Middle-East and North America. (Newswires)

Raytheon (RTN) – The defence contractor announces a new subsidiary in UAE. (Newswires)

Southwest Airlines (LUV) – The airline reported November traffic up 3.4%. (Newswires)

Stryker Corporation (SYK) – The co. is to buy Entellus Medical for USD 24/shr. (Newswires)
Vertex (VRTX) – The pharmaceutical co. announces its phase 3 study of Kalydeco in children with cystic fibrosis, met its primary endpoint of safety. (Newswires)

 

NASDAQ 100

21st Century Fox (FOXA) – Despite the co. viewing Disney’s (DIS) deal a better option, Comcast (CMCSA) is still looking for a deal. Separately, IMAX (IMAX) and the co. have extended their slate deal through 2019. (Newswires) 

Alexion (ALXN) / Halozyme (HALO) – Alexion announces it signed a license agreement for Halozyme’s Enhanze technology. (Newswires)

Amazon (AMZN) – The online retailer is looking to hire a Corporate Development Senior Manager to oversee executive decisions. (Newswires)

Facebook (FB) / Amazon (AMZN) / Alphabet (GOOG) - Cowen positive on the tech giants. (Newswires)

Microsoft (MSFT) / AMD (AMD) – AMD’s Epyc processors have been deployed by Microsoft Azure. (DigiTimes)

Qualcomm (QCOM) / Broadcom (AVGO) – Broadcom forecast the deal with Qualcomm is to be completed within 12 months after the signing of the agreement. Further for Qualcomm, the co. subsidiary, Qualcomm Technologies has extended its strategic partnership with BlackBerry (BB). (Newswires)

Tesla (TSLA)/ Anhuser-Busch Inbev (BUD) – AB Inbev has reserved 40 of Tesla’s electric semi-trucks. (Newswires)

 

Other News

Constellium (CSTM) – The aluminium supplier announces it has strengthened its partnership with Audi to provide aluminium solutions for the new Audi A7. (Newswires)

Cornerstone (CSOD) – The co. announces in a strategic plan, it is going to reduce 6% of it’s global workforce. (Newswires) 

Deckers (DECK) – The footwear co. announces Egan Jones Ratings has joined Glass Lewis & co. in recommending shareholders to vote FOR all the company’s director nominees. (Newswires)

Digital Power (DPW) – The co. announces it has not entered into an agreement with Amazon (AMZN), nor received an order from Amazon, the companies are not negotiating. (Newswires)

Sage Therapeutics (SAGE) – The co. announces positive results from its Phase 2 trial of SAGE-217 for treating major depressive disorder. (Newswires)

Sears Holdings (SHLD) – Memento, a shareholder in the company has expressed its concern regarding patterns of alarming short selling activity in company shares. (Newswires)

 

BROKER MOVES

Upgrades

AK STEEL (AKS) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT JPMORGAN

BROWN-FORMAN (BF.B) UPGRADED TO HOLD FROM SELL AT SOCIETE GENERALE

COMMERCIAL METALS (CMC) UPGRADED TO BUY FROM NEUTRAL AT BOFA/MERRILL

DAVITA (DVA) UPGRADED TO STRONG BUY FROM OUTPERFORM AT RAYMOND JAMES

HYATT (H) UPGRADED TO BUY FROM NEUTRAL AT MKM PARTNERS

LAM RESEARCH (LRCX) UPGRADED TO BUY FROM NEUTRAL AT NOMURA INSTINET

LULULEMON (LULU) UPGRADED TO HOLD FROM SELL AT CANACCORD

NAVIGATORS (NAVG) UPGRADED TO BUY FROM HOLD AT SANDLER O'NEILL

SEACHANGE (SEAC) UPGRADED TO BUY FROM HOLD AT LAKE STREET

SHAKE SHACK (SHAK) UPGRADED TO EQUAL WEIGHT FROM UNDERWEIGHT AT MORGAN STANLEY

 

Downgrades

ARGAN (AGX) DOWNGRADED TO HOLD FROM BUY AT LAKE STREET

BILL BARRETT (BBG) DOWNGRADED TO IN-LINE FROM OUTPERFORM AT IMPERIAL CAPITAL

BROWN-FORMAN (BF.B) DOWNGRADED TO HOLD FROM BUY AT PIVOTAL RESEARCH

CTRIP.COM (CTRP) DOWNGRADED TO NEUTRAL FROM OVERWEIGHT AT JPMORGAN

EXPEDIA (EXPE) DOWNGRADED TO NEUTRAL FROM BUY AT MKM PARTNERS

PRICELINE (PCLN) DOWNGRADED TO NEUTRAL FROM BUY AT MKM PARTNERS

RPC, INC. (RES) DOWNGRADED TO IN LINE FROM OUTPERFORM AT EVERCORE ISI

SECUREWORKS (SCWX) DOWNGRADED TO NEUTRAL FROM OVERWEIGHT AT JPMORGAN

TOLL BROTHERS (TOL) DOWNGRADED TO OUTPERFORM FROM STRONG BUY AT RAYMOND JAMES

YELP (YELP) DOWNGRADED TO UNDERWEIGHT FROM NEUTRAL AT PIPER JAFFRAY

 

Initiations

2U (TWOU) INITIATED WITH AN OUTPERFORM AT MACQUARIE

AKEBIA (AKBA) INITIATED WITH A BUY AT BTIG

AMAG PHARMACEUTICALS (AMAG) INITIATED WITH A NEUTRAL AT B. RILEY FBR

BORGWARNER (BWA) INITIATED WITH AN OUTPERFORM AT OPPENHEIMER

CANCER GENETICS (CGIX) INITIATED WITH A BUY AT MAXIM

CNOOC (CEO) INITIATED WITH A BUY AT NOMURA INSTINET

CUMMINS (CMI) INITIATED WITH AN OUTPERFORM AT OPPENHEIMER

EMERGE ENERGY (EMES) INITIATED WITH A NEUTRAL AT B. RILEY FBR

FAIRMOUNT SANTROL (FMSA) INITIATED WITH A NEUTRAL AT B. RILEY FBR

HI-CRUSH PARTNERS (HCLP) INITIATED WITH A BUY AT B. RILEY FBR

INSTRUCTURE (INST) INITIATED WITH AN OUTPERFORM AT MACQUARIE

NEXTERA ENERGY PARTNERS (NEP) INITIATED WITH AN OUTPERFORM AT CREDIT SUISSE

PETROCHINA (PTR) INITIATED WITH A BUY AT NOMURA

SINOPEC (SNP) INITIATED WITH A NEUTRAL AT NOMURA

SOGOU (SOGO) INITIATED WITH AN OVERWEIGHT AT JPMORGAN

SYNNEX (SNX) INITIATED WITH A BUY AT SUNTRUST

U.S. SILICA (SLCA) INITIATED WITH A BUY AT B. RILEY FBR

WEC ENERGY (WEC) INITIATED WITH A NEUTRAL AT CREDIT SUISSE

 

Ex-Dividends

American International Group Inc (AIG) - USD 0.06 

Automatic Data Processing Inc (ADP) - USD 0.63 

Becton Dickinson and Co (BDX) - USD 0.75 

Brinker International Inc (EAT) - USD 0.38 

C R Bard Inc (BCR) - USD 0.26 

CME Group Inc (CME) - USD 0.66 

Dick's Sporting Goods Inc (DKS) - USD 0.17 

FedEx Corp (FDX) - USD 0.25 

First American Financial Corp (FAF) - USD 0.38 

General Cable Corp (BGC) - USD 0.18 

General Motors Co (GM) - USD 0.38 

Genuine Parts Co (GPC) - USD 0.68 

Global Net Lease Inc (GNL) - USD 0.18 

Infinity Property and Casualty Corp (IPCC) - USD 0.58 

ITT Inc (ITT) - USD 0.13 

Kimberly-Clark Corp (KMB) - USD 0.97 

Lancaster Colony Corp (LANC) - USD 0.60 

Lear Corp (LEA) - USD 0.50 

ManTech International Corp (MANT) - USD 0.21 

National Oilwell Varco Inc (NOV) - USD 0.05 

Newmont Mining Corp (NEM) - USD 0.08   

OUTFRONT Media Inc (OUT) - USD 0.36 

Potlatch Corp (PCH) - USD 0.40 

PPL Corp (PPL) - USD 0.40 

Provident Financial Services Inc (PFS) - USD 0.15 

Public Service Enterprise Group Inc (PEG) - USD 0.43 

Regions Financial Corp (RF) - USD 0.09 

SpartanNash Co (SPTN) - USD 0.17 

State Auto Financial Corp (STFC) - USD 0.10 

Tegna Inc (TGNA) - USD 0.07 

Travelers Companies Inc (TRV) - USD 0.24 

UMB Financial Corp (UMBF) - USD 0.28 

UniFirst Corp (UNF) - USD 0.04 

United Bankshares Inc (UBSI) - USD 0.34 

VF Corp (VFC) - USD 0.46 

Wal-Mart Stores Inc (WMT) - USD 0.51 

Walt Disney Co (DIS) - USD 0.11 

Weingarten Realty Investors (WRI) - USD 0.39 

WesBanco Inc (WSBC) - USD 0.26 

Westar Energy Inc (WR) - USD 0.40 

Williams Companies Inc (WMB) - USD 0.30 

 

07 Dec 2017 - 13:54- EnergyResearch Sheet- Source: Newswires

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