2021-11-08 14:27:58 AMADY Amadeus IT Group
11/08/21 11/0814:27 11/08/2114:27 | Amadeus IT Group price target raised to EUR 65 from EUR 60 at UBSUBS analyst Michael Briest raised the firm's price target on Amadeus IT Group to EUR 65 from EUR 60 and keeps a Neutral rating on the shares. | |
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Hot Stocks
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Mister Car Wash to acquire 33 locations in Florida »
20:40 12/08/21 12/0820:40 12/08/2120:40
MCW
Mister Car Wash
Mister Car Wash… Mister Car Wash "announced that it has entered into a definitive agreement to acquire Clean Streak Ventures LLC, a portfolio company of MKH Capital Partners. The acquisition of Clean Streak includes 23 operating locations, 10 development locations and the underlying real estate at all 33 locations. The development locations are in various stages of the permitting and construction cycle and are expected to open within the next year under the Mister Car Wash brand. In addition, the Company plans to rebrand and integrate the 23 existing operating locations that are currently doing business under the tradenames Top Dog Express and Clean Machine Car Wash into the Mister Car Wash brand. The acquisition will expand the Company's footprint in Florida and provide even more options for customers to access Mister's services throughout the state. The addition of these locations will bring the Company's total operating stores in Florida to 65, with new market entry into 5 MSAs including Cape Coral/ Ft. Myers and Miami. The expansion is also expected to enable the Company to leverage efficiencies across its existing regional infrastructure." ShowHide Related Items >><<
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Earnings
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Fluence Energy sees FY22 revenue $1.1B-$1.3B, consensus $1.3B
20:40 12/08/21 12/0820:40 12/08/2120:40
FLNC
Fluence Energy
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Earnings
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Fluence Energy reports Q4 EPS (74c), consensus (26c) »
20:39 12/08/21 12/0820:39 12/08/2120:39
FLNC
Fluence Energy
Reports Q4 revenue… Reports Q4 revenue $188.2M, consensus $183.5M. CFO Dennis Fehr says: "Fluence is in an exceptional position with its strong balance sheet that is now debt free and primed to enable the execution of our strategic objectives to further increase shareholder value. As we begin a new fiscal year, we will remain focused on providing innovative solutions for our customers while looking to expand our offerings. We are excited by our current and future prospects, and we are gaining improved visibility to additional opportunities as evident by our growing pipeline. We envision 2022 to be a year of substantial growth for our company as the need for energy storage and digital applications continues to expand. We are also extremely encouraged by the recent announcements from both foreign and domestic governments regarding the need to expand emission reduction targets to mitigate climate change as well as polices enhancing the development of renewables and energy storage, these announcements are the first of many steps towards a more sustainable future and provides further upside for our business." ShowHide Related Items >><<
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General news
| Treasury Market Summary:… Treasury Market Summary: trading was mixed and much more subdued as the markets take a breather from the recent wild swings. Omicron worries ebbed further after reports that three jabs of the Pfizer vaccine are offering good protection against the variant. That, in turn, is trimming investor angst that the economic recovery will be delayed. After the hefty gains the past two sessions, Wall Street was narrowly mixed as the Dow treaded water around unchanged most of the session, while the NASDAQ posted small gains until late in the with the indexes closing fractionally lower. Treasuries were underwater early as the bounce in risk appetite and ongoing Fed tightening worries continued to unwind safe haven trades since Thanksgiving. After further bear flattening, the curve unwound and steepened slightly into the close as the front rallied. There wasn't much on the calendar to drive the markets either. The Treasury's 10-year reopening was mixed, pricing poorly but garnering decent demand. The JOLTS report showed a bounce in openings to another 11 M level, but a decline in quits. The Bank of Canada left policy on hold, as expected. ShowHide Related Items >><<
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Earnings
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Notable companies reporting before tomorrow's open »
20:25 12/08/21 12/0820:25 12/08/2120:25
HRL
Hormel Foods
Ciena
Notable companies… Notable companies reporting before tomorrow's open, with earnings consensus, include Hormel Foods (HRL), consensus 50c... Ciena Corp. (CIEN), consensus 85c. ShowHide Related Items >><<
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Hot Stocks
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NMPRC rejects PNM Resources merger with Avangrid »
20:20 12/08/21 12/0820:20 12/08/2120:20
PNM
PNM Resources
Avangrid
The company states:… The company states: "The New Mexico Public Regulation Commission, or NMPRC, rejected the agreement reached by parties in the merger application involving PNM Resources (PNM), its wholly-owned subsidiary Public Service Company of New Mexico, and AVANGRID (AGR). The NMPRC voted 5-0 to reject the parties' agreements reached in the merger proceedings, following a 4-1 vote to deny a request for oral argument seeking to address concerns expressed by the NMPRC. Five federal agencies and the Public Utilities Commission of Texas had already completed their reviews and approved the proposed merger, leaving the New Mexico Public Regulation Commission as the only remaining approval necessary for the merger. The original application before the NMPRC was filed in November 2020." ShowHide Related Items >><<
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Hot Stocks
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Kinross Gold to acquire Great Bear Resources for C$29 per share or C$1.8B »
20:17 12/08/21 12/0820:17 12/08/2120:17
KGC
Kinross Gold
Great Bear Resources
Great Bear Resources… Great Bear Resources (GTBAF) announced that it has entered into a binding agreement with Kinross Gold (KGC) under which Kinross has agreed to acquire all of the outstanding common shares of Great Bear. Under the terms of the Transaction, Great Bear shareholders will receive upfront consideration of approximately C$1.8B, representing C$29.00 per Great Bear common share on a fully diluted basis. Great Bear shareholders will be able to elect to receive the upfront consideration as either (i) C$29.00 in cash or (ii) 3.8564 Kinross shares per Great Bear share, both subject to proration. The upfront consideration will be subject to maximum aggregate cash consideration of approximately C$1.4B or maximum aggregate shares issuable of 95.8M, depending on the election of Great Bear shareholders. ShowHide Related Items >><<
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Hot Stocks
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Bank7 raises quarterly dividend to 12c per share from 11c »
20:02 12/08/21 12/0820:02 12/08/2120:02
BSVN
Bank7
The dividend will be paid… The dividend will be paid on January 7, 2022, to shareholders of record as of the close of business on December 23, 2021. ShowHide Related Items >><<
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Hot Stocks
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Reata Pharmaceuticals down 35% after resumption of trading »
19:18 12/08/21 12/0819:18 12/08/2119:18
RETA
Reata Pharmaceuticals
Shares of Reata… Story temporarily locked. ShowHide Related Items >><<
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Recommendations
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Edwards Lifesciences price target raised to $133 from $123 at Piper Sandler »
19:16 12/08/21 12/0819:16 12/08/2119:16
EW
Edwards Lifesciences
Piper Sandler analyst… Piper Sandler analyst Adam Maeder raised the firm's price target on Edwards Lifesciences to $133 from $123 and keeps an Overweight rating on the shares. The analyst said the company's guidance for FY21 and FY22, as well as its pipeline updates, lay the foundation for long-term growth. Maeder added that he continues to view Edwards as a differentiated large-cap medtech growth name with a "compelling" and durable financial profile. ShowHide Related Items >><<
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Hot Stocks
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Avangrid 'disappointed' in New Mexico PRC decision »
19:14 12/08/21 12/0819:14 12/08/2119:14
AGR
Avangrid
PNM Resources
Avangrid (AGR) issued a… Story temporarily locked. ShowHide Related Items >><<
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Periodicals
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HashiCorp prices IPO at $80, above $68-$72 target range, Bloomberg says
19:13 12/08/21 12/0819:13 12/08/2119:13
HCP
HashiCorp
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Downgrade
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Dicerna downgraded to Neutral from Buy at Chardan »
19:12 12/08/21 12/0819:12 12/08/2119:12
DRNA
Dicerna
Chardan analyst Keay… Story temporarily locked. ShowHide Related Items >><<
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Hot Stocks
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Shyft Group director Harbour sells 20,000 common shares »
19:07 12/08/21 12/0819:07 12/08/2119:07
SHYF
Shyft Group
In a regulatory filing,… In a regulatory filing, Shyft Group director Ronald Edward Harbour disclosed the sale of 20,000 common shares of the company on December 7 at a price of $49.3977 per share. ShowHide Related Items >><<
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Hot Stocks
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Qualcomm director sells $3.78M in common stock »
19:02 12/08/21 12/0819:02 12/08/2119:02
QCOM
Qualcomm
In a regulatory filing,… Story temporarily locked. ShowHide Related Items >><<
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Initiation
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Traton reinstated with a Neutral at Goldman Sachs »
18:57 12/08/21 12/0818:57 12/08/2118:57
TRATF
Traton
Goldman Sachs analyst… Goldman Sachs analyst Daniela Costa reinstated coverage of Traton with a Neutral rating and EUR 23 price target. The analyst said the deal with Navistar gives Traton a balanced regional global profile, closer to that of other leading OEMs. Costa noted, however, that the stock has underperformed the firm's European Capital Goods coverage since its 2019 listing, though it currently trades at a discount to both the capital goods sector and trucking peers. ShowHide Related Items >><<
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Hot Stocks
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ARC Document raises quarterly dividend 150% to 5c per share »
18:51 12/08/21 12/0818:51 12/08/2118:51
ARC
ARC Document
ARC Document Solutions,… Story temporarily locked. ShowHide Related Items >><< |
On The Fly
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Fly Intel: After-Hours Movers »
18:33 12/08/21 12/0818:33 12/08/2118:33
RH
RH
Greif
AEye
Torrid
Rent The Runway
Phreesia
GameStop
UiPath
Lucid Group
FuboTV
Perion Network
Check out this evening's… ShowHide Related Items >><<
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Hot Stocks
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Alerus Financial to acquire Metro Phoenix Bank »
18:32 12/08/21 12/0818:32 12/08/2118:32
ALRS
Alerus Financial
Alerus Financial… Alerus Financial announced the signing of a definitive agreement and plan of merger to acquire MPB BHC, the bank holding company for Metro Phoenix Bank, the largest full-service community bank headquartered in Phoenix. The transaction represents the twenty-fifth acquisition for Alerus since 2000. The acquisition significantly increases the Alerus presence in Arizona and, following the completion of the transaction, Alerus will have the fifth largest deposit market share in the Phoenix metropolitan statistical area among community banks. On a pro forma basis, Alerus will operate three branch locations in Arizona. The combined company's Arizona operation will have approximately $439M in total loans and approximately $483M in total deposits. Alerus Chief Financial Officer Katie Lorenson, who will succeed Randy Newman as Alerus President and Chief Executive Officer on January 1, 2022, led the negotiations for the acquisition. Upon completion of the transaction, Haggard will join Alerus as President of its Arizona Market, ensuring a smooth transition for clients and employees. In this role, he will also be a member of Alerus' leadership team and oversee growth for the company in the Arizona market. Subject to the terms of the agreement and plan of merger, MPHX shareholders will receive 0.74 Alerus common shares for each outstanding MPHX share, or approximately 2.58M Alerus shares in the aggregate. Using a price per share of Alerus common stock of $31.43 as of December 7, 2021, the transaction has an implied purchase price of $23.26 per share, which equates to an aggregate value of $85.3M, including $4.3M in consideration for option holders. The transaction is anticipated to be immediately accretive to Alerus' earnings per share, excluding one-time transaction related expenses, and approximately 8.5% accretive in the first full year. The agreement and plan of merger has been approved by the boards of directors of Alerus and MPHX. Completion of the merger is subject to customary closing conditions, including receipt of required regulatory approvals and the approval by the shareholders of MPHX. The transaction is expected to close in the first quarter of 2022, and the data processing system conversion will occur in the first half of 2022 subsequent to the closing. Alerus currently intends to merge Metro Phoenix Bank into Alerus Financial, N.A. at that time. ShowHide Related Items >><<
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Hot Stocks
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Tetra Tech CEO Batrack sells 64,000 common shares »
18:19 12/08/21 12/0818:19 12/08/2118:19
TTEK
Tetra Tech
In a regulatory filing,… In a regulatory filing, Tetra Tech chairman and CEO Dan Batrack disclosed the sale of 64,000 common shares of the company on December 6 at a price of $185.7483 per share. ShowHide Related Items >><<
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Hot Stocks
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Enfusion opens new office in Sydney, Australia »
18:14 12/08/21 12/0818:14 12/08/2118:14
ENFN
Enfusion
Enfusion announced the… Enfusion announced the opening of a new office in Sydney, Australia, which will be Enfusion's first in Oceania. The location in Sydney will allow Enfusion to adequately respond to the increased demand for innovative operational solutions and extend its best-in-class SaaS platform and technology-enabled services to a growing base of investment managers in the region. "We doubled down in several regions including Asia, Europe, the Middle East and Africa, and North America over the past year, and due to the increasing demand for our solutions in Australia and New Zealand, we knew the best next step was to solidify our presence in Sydney, which also allows us to better serve our existing clients," said Thomas Kim, CEO of Enfusion. "Sydney will be our tenth global office as we continue to make our cloud-native SaaS platform and managed services solutions available globally, while catering to the unique needs for each market. We are thrilled to better support our existing clients in the region and look forward to the opportunities ahead." ShowHide Related Items >><<
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Hot Stocks
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Valaris names Anton Dibowitz as CEO »
18:12 12/08/21 12/0818:12 12/08/2118:12
VAL
Valaris
Valaris announced that… Valaris announced that its Board of Directors has appointed Anton Dibowitz as President and CEO, effective immediately. Dibowitz, who has been serving as interim President and CEO of Valaris since September 3, is also a member of the company's Board of Directors. Prior to joining the Board, Dibowitz served as an advisor of Seadrill Ltd. from November 2020 until March 2021, and as Seadrill's CEO from July 2017 until October 2020. ShowHide Related Items >><<
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Periodicals
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Apple self-driving car unit loses three more key engineers, Bloomberg says »
18:11 12/08/21 12/0818:11 12/08/2118:11
AAPL
Apple
Joby Aviation
Archer Aviation
Apple's (AAPL)… Apple's (AAPL) driverless car project has lost three important engineers recently, adding to a group of exits from a tumultuous business with lofty ambitions, Bloomberg's Mark Gurman reports. Eric Rogers, who was the company's chief engineer for radar systems on the project, has departed for Joby Aviation (JOBY) recently, while Alex Clarabut, an engineering manager for the project's battery systems, left for Archer Aviation (ACHR), the author notes. In addition, hardware engineering manager Stephen Spiteri left Apple to work for Archer as well, the author says. Reference Link ShowHide Related Items >><<
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Hot Stocks
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Ibex authorizes repurchase of up to $20M in common stock »
18:09 12/08/21 12/0818:09 12/08/2118:09
IBEX
Ibex
IBEX Limited announces… IBEX Limited announces that its board of directors has authorized the repurchase of up to $20M of the company's common stock. ShowHide Related Items >><<
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Hot Stocks
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Zymeworks' zanidatamab presents antitumor activity in breast cancer patients »
18:05 12/08/21 12/0818:05 12/08/2118:05
ZYME
Zymeworks
Zymeworks announced new… Zymeworks announced new clinical data for the HER2-targeted bispecific antibody, zanidatamab, in heavily pretreated HER2-positive breast cancer. The data are being presented at the San Antonio Breast Cancer Symposium taking place December 7-10. In addition, Zymeworks will present a Trial in Progress poster detailing the ongoing clinical trial evaluating zanidatamab in combination with the CD47-blocker, evorpacept. The data presented at SABCS are from a clinical study of 24 patients with heavily pretreated HER2-positive metastatic breast cancer who received zanidatamab in combination with either vinorelbine - n=12 -, capecitabine - n=8 -, or paclitaxel - n=4 -. In 22 efficacy-evaluable patients, treatment with zanidatamab and chemotherapy resulted in a cORR of 36.4% and DCR of 86.4%, and the majority of patients experienced a decrease in their tumor size. The mPFS is 7.3 months across all treatment regimens with 42% of patients still on study at the time of data cutoff. Zanidatamab in combination with single agent chemotherapy is well tolerated, with the majority of treatment-related adverse events considered mild to moderate in severity. Zanidatamab is also being evaluated in several Phase 2 clinical trials for HER2 expressing gastroesophageal, colorectal, and breast cancers. The FDA has granted zanidatamab with Breakthrough Therapy designation as well as two Fast Track designations. These designations mean zanidatamab is eligible for Accelerated Approval, Priority Review and Rolling Review. Zanidatamab has also received Orphan Drug designations from the FDA as well as the European Medicines Agency for the treatment of biliary tract and gastric cancers. ShowHide Related Items >><<
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