DAILY US EQUITY OPENING NEWS - Verizon (VZ) are to pay USD 2.25bln as they reach a five year deal on digital streaming rights with the National Football League. (Newswires)

11th December 2017

DJIA

3M (MMM) – The co. is to sell substantially all its communication markets division for USD 900mln to Corning Incorporated (GLW). (Newswires) 

Apple (AAPL) – The co. is close to acquiring Shazam for USD 400mln. Separately, Apple is urging India to delay increasing tariffs for mobile phone components, so it can expand its iPhone manufacturing within the country. (Tech Crunch / Newswires)

Boeing (BA) – The manufacturing giant gives up on its potential USD 5.2bln fighter jet deal with Canada. (WSJ)

Exxon Mobil (XOM) – The Tax Justice Network is urging a public investigation into the energy giant due to it’s Australian tax affairs. (The Guardian)

Merck (MRK) – The pharmaceutical co.’s Keytruda, in use with Immune Design’s (IMDZ) G100 shows robust systematic responses. (Newswires)

Verizon (VZ) – The co. announces it has reached a five-year deal on digital streaming rights with the National Football League, the co. is to pay USD 2.25bln (Newswires)

 

S&P 500

Barron’s top 10 stocks for 2018 - Alphabet (GOOGL), Delta Air Lines (DAL), Berkshire Hathaway (BRK.A), Volkswagen (VLKAY), Pioneer Natural Resources (PXD), Applied Materials (AMAT), Enterprise Products Partners (EPD), Ally Financial (ALLY), Anthem (ANTM), and US Foods Holding (USFD).

AES Corp. (AES) – The co. announces its quarterly dividend has risen by 1 cent to USD 0.13. (Newswires)

Airline Names (LUV, DAL, AAL, JBLU) – The US Department of Transportation are to scrap proposal on airlines disclosing price of baggage fees. (NY Post)

Delta Airlines (DAL) – The airline has cancelled more than 600 flights due to weather at its Atlanta hub. (Newswires)
Electronic Art’s (EA) – The games producer reports its Battlefront 2 sold 882,000 copies in its first month, however, Activision’s (ATVI) Call of Duty WWII, sold 4.4mln copies in the same time-period. (Forbes)

Eli Lilly (LLY) – The biomedical co. announces its phase 3 Rainfall study met its primary endpoint of progression-free survival, but it did not improve its overall survival. Further, the FDA has accepted a Biologics License Application to review its Galcanezumab. (Newswires)

Ford (F) – The automakers November China sales fall to 118,000 vehicles, an 8% decrease Y/Y. (Newswires)

General Growth Properties (GGP) – The US Mall Owner rejects Brookfield Property’s (BPY) buyout offer of USD 14.8bln

Gilead Sciences (GILD) – More than half of trial patients with an advanced aggressive form of blood cancer survived for at least a year after one-time treatment with its Yescarta, according to results. (Newswires)

Lockheed Martin (LMT) – The co. announces it has elected Jeh Johnson, a current director of PG&E (PCG), and James Taiclet, chairman, president and CEO of American Tower (AMT). (Newswires)

Macy’s (M) – The retailer’s executive chairman, Terry Lundgren, is to retire from the board at the end of January 2018. (Newswires)

Marriott (MAR) – The co. announces it is set to open up to 40 luxury hotels in 2018. (Newswires)

Monsanto (MON) – The agrochemical producer is offering cash to US farmers who use XtendiMax herbicide. (Newswires)

Nielsen (NLSN) – The co. announces Cumulus Media has signed a multi-year extension for radio measurement with the co. (Newswires)

Xerox (XRX) – Carl Icahn to nominate four directors to the board of the co., and Jonathon Christodoro, a former MD of Icahn Capital, resigns from the co’s board ending a standstill arrangement between the co and Icahn Capital. (Newswires)

 

NASDAQ 100

Celgene (CELG) – The biopharmaceutical co. and Bluebird (BLUE) announce positive response for their co-developed Car-t drug. Separately, the co. and Juno Therapeutics (JUNO) report additional data from its Transcend study.  (Newswires)

Incyte (INCY) – The biopharmaceutical co. announces its Phase 3 study of Jakafi, data shows durability of Jakafi in polycythermia vera. (Newswires)

NXP Semiconductors (NXPI) / Qualcomm (QCOM) – Elliott Advisors has released a letter to shareholders saying it believes NXPI is worth USD 135/share on an intrinsic and standalone basis, and that Qualcomm’s offer of USD 110/shr is acting as a ceiling on NXP’s valuation. (Newswires)
Regeneron (REGN) – The pharmaceutical co. announce the FDA has accepted, for review, the company’s Supplemental Biologics License Application for a 12-week dosing of Eylea. (Newswires)

Western Digital Corp. (WDC) – Of note for the co., activist investor Argyle Street Management has told Toshiba that the sale of its chip unit is unnecessary. (Newswires)

 

Other News

Alnylam (ALNY) – The pharmaceutical co. announces the FDA has granted the co.’s request to expand its orphan drug designation for Patisiran. (Newswires)

CBOE Global Markets (CBOE) – The co. trading higher pre-market post the release of Bitcoin futures. (Newswires)

Deckers (DECK) – The co. is urging shareholders to vote FOR all company director nominees. (Newswires)

KKR (KKR) / FS Investment (FSIC) – The investment companies announce they are partnering on a middle market alternative lending platform, with USD 18bln in combined assets under management. (Newswires)

Lear (LEA) – The co. is to acquire EXO Technologies; financial terms are not disclosed. (Newswires)

Overstock.com (OSTK) – Morgan Stanley reports an 11.4% stake in the co. (Newswires)

Prospect Capital (PSEC) – The co. CEO has purchased 110,000 common company shares. (Newswires)

Sandridge (SD) – The oil and gas producer said it would make some records available to Carl Icahn after he asked the co to do so, when it proposed to acquire one of Icahn’s rivals. (Newswires)

Seattle Genetics (SGEN) – The co. and Takeda Pharmaceutical announce its phase 3 Adcetrus trial met its primary endpoint, highlighting 5-year survival results. (Newswires)

Twitter (TWTR) – The co. M&A head, Jessica Verilli, is to leave over the holidays. (Newswires)

 

BROKER MOVES

Upgrades

ADP (ADP) UPGRADED TO BUY FROM NEUTRAL AT GOLDMAN SACHS

ADVANCED DISPOSAL SERVICES (ADSW) UPGRADED TO BUY FROM HOLD AT STIFEL

AIR PRODUCTS (APD) UPGRADED TO BUY FROM HOLD AT JEFFERIES

BLUEBIRD BIO (BLUE) UPGRADED TO BUY FROM HOLD AT JEFFERIES

DAVITA (DVA) UPGRADED TO BUY FROM NEUTRAL AT CITI

DIPLOMAT PHARMACY (DPLO) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT LEERINK

DISCOVER (DFS) UPGRADED TO OVERWEIGHT FROM EQUAL WEIGHT AT BARCLAYS

HOLOGIC (HOLX) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT COWEN

ITAU UNIBANCO (ITUB) UPGRADED TO BUY FROM HOLD AT DEUTSCHE BANK

FIRST SOLAR (FSLR) UPGRADED TO OUTPERFORM FROM NEUTRAL AT BAIRD

PROS (PRO) UPGRADED TO STRONG BUY FROM BUY AT NEEDHAM

SUNESIS (SNSS) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT WELLS FARGO

SUNPOWER (SPWR) UPGRADED TO OUTPERFORM FROM NEUTRAL AT BAIRD

TRADE DESK (TTD) UPGRADED TO BUY FROM HOLD AT SUNTRUST

U.S. STEEL (X) UPGRADED TO HOLD FROM SELL AT AXIOM

WASTE MANAGEMENT (WM) UPGRADED TO BUY FROM HOLD AT STIFEL

Downgrades

BRIXMOR (BRX) DOWNGRADED TO NEUTRAL FROM BUY AT MIZUHO

FLOWSERVE (FLS) DOWNGRADED TO HOLD FROM BUY AT STIFEL

KIMBERLY-CLARK (KMB) DOWNGRADED TO SELL FROM NEUTRAL AT CITI

PACCAR (PCAR) DOWNGRADED TO NEUTRAL FROM OVERWEIGHT AT JPMORGAN

TSYS (TSS) DOWNGRADED TO NEUTRAL FROM BUY AT GOLDMAN SACHS

VALMONT (VMI) DOWNGRADED TO HOLD FROM BUY AT STIFEL

Initiations

ARSANIS (ASNS) INITIATED WITH AN OUTPERFORM AT COWEN

ARSANIS (ASNS) INITIATED WITH AN OVERWEIGHT AT PIPER JAFFRAY

ATTUNITY (ATTU) INITIATED WITH A BUY AT NEEDHAM

BWX TECHNOLOGIES (BWXT) INITIATED WITH A MARKET PERFORM AT WELLS FARGO

ENVISION HEALTHCARE (EVHC) INITIATED WITH AN OUTPERFORM AT CREDIT SUISSE

ILLINOIS TOOL WORKS (ITW) INITIATED WITH A BUY AT BOFA/MERRILL

INC RESEARCH (INCR) INITIATED WITH AN EQUAL WEIGHT AT BARCLAYS

MAGELLAN MIDSTREAM (MMP) INITIATED WITH AN OUTPERFORM AT BMO CAPITAL

MCEWEN MINING (MUX) INITIATED WITH A BUY AT ROTH CAPITAL

PRA HEALTH (PRAH) INITIATED WITH AN OVERWEIGHT AT BARCLAYS

SENDGRID (SEND) INITIATED WITH A BUY AT STIFEL

SENDGRID (SEND) INITIATED WITH AN OUTPERFORM AT WILLIAM BLAIR

SENDGRID (SEND) INITIATED WITH AN OVERWEIGHT AT JPMORGAN

SENDGRID (SEND) INITIATED WITH AN OVERWEIGHT AT KEYBANC

SENDGRID (SEND) INITIATED WITH AN OVERWEIGHT AT PIPER JAFFRAY

TRISTATE CAPITAL (TSC) INITIATED WITH AN OUTPERFORM AT RAYMOND JAMES

 

Ex-Dividends

DDR Corp (DDR) - USD 0.19 

Gannett Co Inc (GCI) - USD 0.16 

Golub Capital BDC Inc (GBDC) - USD 0.32 

Heartland Express Inc (HTLD) - USD 0.02

Monro Inc (MNRO) - USD 0.18 

PulteGroup Inc (PHM) - USD 0.09 

SCANA Corp (SCG) - USD 0.61 

Tailored Brands Inc (TLRD) - USD 0.18 

 

 

11 Dec 2017 - 13:56- EnergyResearch Sheet- Source: RANsquawk

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