Be a Smart Investor: July 2020

Friday, July 31, 2020

Owner of UK chip firm Arm reportedly in talks about sale to Nvidia

Japan’s SoftBank could offload semiconductor maker within weeks for at least $32bn

The UK-based microchip designer Arm is the subject of “advanced talks” aimed at selling the British tech company to a US computing giant.

The computing firm Nvidia is negotiating with Arm’s Japanese owner, SoftBank, to acquire the Cambridge-based group in a deal that could be agreed within weeks, according to a report by Bloomberg.

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Stock Alert: Pinterest Climbs 28% After Q2 Results

Shares of Pinterest, Inc. (PINS), a social media web and mobile application company, are rising 28 percent or $7.16 in Friday's morning trade at $32.35 after the company reported strong user growth and its revenue for the second quarter beat analysts' estimates.

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Swiss Re Slips To H1 Loss, Says Confident In Outlook; Stock Up

Reinsurer Swiss Re reported Friday a loss in its first half, compared to prior year's profit, mainly reflecting claims and reserves related to COVID-19 outbreak. The results also were hurt by large natural catastrophe losses. Net premiums earned and fee income, however, increased from last year. Looking forward, the company said it is confident in the outlook.

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Upbeat Tech Earnings May Lead To Initial Strength On Wall Street

The major U.S. index futures are currently pointing to a higher open on Friday, with the Nasdaq futures showing a particularly strong upward move.

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Imperial Oil Q2 Loss Narrower Than Estimates, But Revenues Miss - Quick Facts

Imperial Oil Ltd. (IMO, IMO.TO) on Friday reported net loss for the second quarter of C$526 million or C$0.72 per share, compared to net income of C$1.21 billion or C$1.57 per share in the year-ago period.

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VF Corp. Sees Q2 Revenue Down Less Than 25% - Quick Facts

While reporting its financial results for the first quarter on Friday, VF Corp. (VFC) said that it is not possible to provide a financial outlook for full-year fiscal 2021 at this time due to the uncertainty of the duration and severity of COVID-19.

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Fiat Chrysler Automobiles Posts Loss From Cont. Ops. In Q2; Net Revenues Down 56%

Fiat Chrysler Automobiles NV (FCAU) reported a second quarter loss from continuing operations of 1.05 billion euros compared to profit of 793 million euros, previous year. Loss per share from continuing operations was 0.66 euros compared to profit of 0.50 euros. Adjusted EBIT was negative at 928 million euros compared to profit of 1.53 billion euros. Adjusted loss per share was 0.65 euros compared to profit of 0.59 euros.

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Dominion Energy Affirms FY20 Operating Earnings Outlook - Quick Facts

While reporting financial results for the second quarter on Friday, Dominion Energy, Inc. (D) affirmed its operating earnings guidance for the full-year 2020, and provided operating earnings outlook for the third quarter.

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Merck Q2 Results Top Estimates; Boosts FY20 Outlook

Biopharmaceutical company Merck & Co., Inc. reported a profit for the second quarter that increased 12 percent from last year on lower expenses. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. Looking ahead, the company raised its earnings and revenue outlook for full-year 2020.

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Colgate-Palmolive Q2 Profit Tops Estimates; Organic Sales Growth At 5.5%

Colgate-Palmolive Company (CL) reported that its second quarter base business earnings per share grew 3% year-on-year to $0.74. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.69, for the quarter. Analysts' estimates typically exclude special items.

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Johnson Controls Re-initiates FY20 Adj. EPS Outlook, Above Estimates - Quick Facts

While reporting financial results for the third quarter on Friday, Johnson Controls International plc (JCI) provided adjusted earnings and organic revenue growth guidance for the fourth quarter and re-initiated adjusted earnings outlook for the full-year 2020.

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Cat Financial Q2 Profit Down 25% - Quick Facts

Cat Financial, a unit of Caterpillar Inc. (CAT), reported Friday a 25 percent decline in profit for the second quarter to $59 million from $79 million in the year-ago quarter.

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Pre-market Movers In Healthcare Sector: ACHV, ECOR, ADMA, DBVT, PRPO...

What's moving these stocks in pre-market hours today?

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Caterpillar Q2 Profit Plunges, But Results Top Estimates - Quick Facts

While reporting financial results for the second quarter on Friday, Caterpillar Inc. (CAT) said it is not providing a financial outlook for 2020 at this time after it withdrew its earnings guidance on March 26.

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Arrow Electronics Guides Q3 Adj. EPS Above Estimates - Quick Facts

While reporting financial results for the second quarter on Thursday, Arrow Electronics, Inc. (ARW) projected earnings for the third quarter in a range of $1.34 to $1.50 per share and adjusted earnings in a range of $1.54 to $1.70 per share on total sales between $6.325 billion and $6.925 billion, with global components sales between $4.675 billion and $4.975 billion, and global enterprise computing solutions sales between $1.65 billion and $1.95 billion.

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Volkswagen Warns On FY20 Results After Q2 Loss; Cuts Dividend; Stock Down

Shares of Volkswagen Group were losing around 7 percent in German trading after the automaker reported Thursday a loss in its second quarter compared to prior year's profit with sharply lower deliveries. Going ahead, the company anticipates fiscal 2020 operating result, before and including special items, to be severely lower than in previous year.

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Group 1 Automotive Q2 Adj. Earnings Beat Estimates - Quick Facts

Group 1 Automotive Inc. (GPI) on Thursday reported that its second-quarter net income available to common shares were $29.1 million or $1.63 per share, down from $47.4 million or $2.64 per share in the year-ago period.

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Keurig Dr Pepper Reaffirms FY20 Outlook - Quick Facts

While reporting financial results for the second quarter on Thursday, beverage company Keurig Dr Pepper Inc. (KDP) re-affirmed its adjusted earnings and net sales growth guidance for fiscal 2020, given the significant visibility and control it maintains over its cost structure, including strong cost management, productivity programs and merger synergies.

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ConocoPhillips Q2 Adj. Loss Wider Than Estimates - Quick Facts

ConocoPhillips (COP) on Thursday reported second-quarter net income of $0.3 billion or $0.24 per share, down sharply from $1.6 billion or $1.40 per share in the year-ago period.

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Comcast Q2 Profit Declines, But Results Top Estimates

Comcast Corp. (CMCSA, CMCSK) on Thursday reported a 4 percent decline in profit for the second quarter from last year, hurt by revenue declines across its operating segments. Adjusted earnings per share and revenues for the quarter topped analysts' expectations. In the pre-market trade, CMCSA is trading at $44.94, up $1.04 or 2.37 percent.

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IDACORP Reaffirms FY20 Earnings Outlook - Quick Facts

While reporting financial results for the second quarter on Thursday, electric utility IDACORP, Inc. (IDA) reaffirmed its adjusted earnings guidance for the full year 2020.

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Northrop Grumman Boost FY20 Outlook - Quick Facts

While reporting financial results for the second quarter on Thursday, Northrop Grumman Corp. (NOC) raised its adjusted earnings and sales guidance for the full year 2020, based on year-to-date performance and its most current outlook for the remainder of the year.

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Eli Lilly Boost FY20 Adj. EPS Outlook - Quick Facts

While reporting financial results for the second quarter on Thursday, Eli Lilly and Co. (LLY) on Thursday raised its adjusted earnings guidance for the full year 2020, reflecting expectations of lower marketing, selling and administrative expenses, higher other income and a lower effective tax rate. However, the company maintained its annual revenue outlook.

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Pre-market Movers In Healthcare Sector: CLRB, ADMA, AMAG, BNGO, SNOA...

What's moving these stocks in pre-market hours today?

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DuPont Guides Q3 Adj. EPS In Line With View - Quick Facts

While reporting financial results for the second quarter on Thursday, DuPont (DD) provided adjusted earnings and sales growth guidance for the third quarter.

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Hitachi Q1 Profit Surges, But Revenue Declines - Quick Facts

Japan's Hitachi Ltd. (HTHIF.PK, HTHIY.PK) reported Thursday that its first-quarter net income attributable to stockholders surged to 223.2 billion Japanese yen from 120.3 billion yen in the year-ago period. Earnings per share rose to 230.86 yen from 124.42 yen last year.

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Clariant Turns To Profit In H1; Sees Negative Impact Of COVID-19 On Q3 Results

Specialty chemicals company Clariant AG (CLZNY.PK, CRN.L, CLZNF.PK) reported Thursday that its first-half net income was 90 million Swiss francs, compared to net loss of 101 million francs in the year-ago period.

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Advantest Q1 Profit Down 12.7% - Quick Facts

Advantest Corp. (ATE), a manufacturer of automatic test equipment for the semiconductor industry, reported Thursday that its first-quarter net income attributable to owners of the parent declined 12.7 percent to 10.55 billion yen from 12.08 billion yen in the year-ago period. Earnings per share were 52.89 yen, down from 60.93 yen a year ago.

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Groupe Casino H1 Loss Widens - Quick Facts

Groupe Casino (0HB1.L, CGUIY.PK) reported Thursday that its consolidated net loss for the first half of 2020 widened to 445 million euros from 226 million euros in the prior-year period.

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Ultra Electronics H1 Profit Down 21.4%; Expects H2 Revenue Growth Similar To H1

Ultra Electronics Holdings Plc. (ULE.L) reported that its IFRS profit before tax for the six months to 30 June 2020 declined 21.4 percent to 29.8 million pounds from 37.9 million pounds in the prior year.

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Kyocera Q1 Profit Down 30.1% - Quick Facts

Kyocera Corp. (KYO), a Japanese ceramics and electronics manufacturer, reported Thursday that its first-quarter profit attributable to owners of the parent declined 30.1 percent to 22.38 billion yen from 32.04 billion yen last year. Earnings per share dropped to 61.75 yen from 88.51 yen last year.

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Royal Dutch Shell Slips To Loss In H1 - Quick Facts

Royal Dutch Shell PLC (RDS-B, RDSB.L, RDSA.L, RDS-A) reported Thursday that its first-half loss attributable to shareholders was $18.16 billion, compared to income of $9.0 billion in the prior-year period. Loss per share was $2.33, compared to earnings per share of $1.11 last year.

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ALEC Falls Despite Promising Results, DNLI Makes Progress In COVID-19 Trial, EARS, ONTX On Watch

Today's Daily Dose brings you news about Alector's frontotemporal dementia trial results, Auris Medical's upcoming clinical trial catalyst, Denali's progress in COVID-19 trial, and disappointing results from Roche's phase III COVACTA study.

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Generali H1 Profit Down 56.7% - Quick Facts

Italian insurance group Assicurazioni Generali SpA (ARZGY.PK) reported Thursday that its net profit for the first half of the year fell 56.7 percent to 774 million euros from last year's 1.79billion euros.

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TELEFÓNICA Q2 Profit Declines; Revenue Down 5.6% In Organic Terms - Quick Facts

TELEFÓNICA (TDE.L, TEF) reported that its second quarter net profit to shareholders declined 50.7 percent year-over-year to 425 million euros. Earnings per share was 0.07 euros compared to 0.16 euros. Operating income before depreciation and amortisation (OIBDA) declined by 25.3% to 3.31 billion euros. In organic terms, OIBDA declined by 10.0%, for the quarter. Underlying OIBDA was 3.43 billion euros, down 19.5%, excluding mainly the impairment of goodwill allocated to T. Argentina. Underlying earnings per share was 0.12 euros compared to 0.16 euros.

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Fresenius Q2 EBIT Before Special Items Flat With Prior Year; Organic Sales Growth At 2%

Fresenius Group (FSNUF.PK, FSNPF.PK) reported that second quarter net income attributable to Fresenius SE & Co. KGaA declined 13 percent year-on-year to 411 million euros. Group net income before special items decreased by 13% to 410 million euros. Excluding estimated COVID-19 effects, net income growth before special items would have been 0% to 4%. Before special items, earnings per share was 0.74 euros compared to 0.85 euros. Before special items, EBIT was 1.12 billion euros, flat with prior year.

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Samsung Q2 Profit Rises; Sees Gradual Recovery In Demand For Mobile In H2

Samsung Electronics reported a profit for the second-quarter that increased about 8.38 percent from last year. Operating profit also increased 23.48 percent from last year due to higher demand for memory chips and appliances, as well as a one-off gain at its Display Panel Business. But, sales decreased about 5.63 percent, due to reduced sales of smartphones and other devices.

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Belden Slips To Loss In Q2 - Quick Facts

Belden Inc. (BDC), a supplier of specialty networking solutions, on Wednesday reported attributable net loss for the second quarter of $67.91 million or $1.52 per share, compared to net income of $33.47 million or $0.84 per share in the year-ago period.

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Boeing Company Posts Narrower Core Operating Loss In Q2; Revenues Down 25%

The Boeing Company (BA) reported a second quarter core loss per share of $4.79 compared to a loss of $5.82, previous year. On average, 19 analysts polled by Thomson Reuters expected the company to report a loss per share of $2.54, for the quarter. Analysts' estimates typically exclude special items. Core operating loss was $3.32 billion compared to a loss of $3.75 billion.

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Silicon Labs Guides Q3 Above Estimates - Quick Facts

While reporting financial results for the second quarter on Wednesday, Silicon Labs (SLAB) provided earnings and revenue guidance for the third quarter.

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General Motors Q2 Adj. Loss Narrower Than Estimates; But Revenues Miss

Automaker General Motors Co. (GM) on Wednesday reported second-quarter net loss attributable to shareholders of $758 million or $0.56 per share, compared to net income of $2.42 billion or $1.66 per share in the year-ago period, as results were impacted by the coronavirus pandemic.

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Scotts Miracle-Gro Boosts FY20 Outlook, Dividend; Shares Up 10% - Quick Facts

While reporting financial results for the third quarter on Wednesday, Scotts Miracle-Gro Co. (SMG) raised its adjusted earnings and sales growth guidance for the full-year 2020. The company's shares are up 10 percent in prer-market trading.

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Automatic Data Processing Again Slashes FY20 Outlook Amid COVID-19 - Quick Facts

While reporting financial results for the fourth quarter on Wednesday, technology company Automatic Data Processing Inc. (ADP) slashed its earnings, adjusted earnings and revenue growth guidance for the full-year 2020, due to the expected impact from the COVID-19 outbreak.

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Alkermes Re-initiates FY20 Adj. EPS Outlook, In Line With Estimates - Quick Facts

While reporting financial results for the second quarter on Wednesday, biopharmaceutical company Alkermes plc (ALKS) re-initiated its earnings and revenue guidance for the full-year 2020. This guidance reflects the anticipated net impacts of the COVID-19 pandemic on Alkermes' operating and financial results.

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GE Posts Hefty Loss In Q2

General Electric Co. (GE) reported Wednesday a hefty net loss in the second quarter, amid ongoing impact of COVID-19 on its businesses and weak revenues. The company expects to return to positive Industrial free cash flow in 2021.

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Central Pacific Financial Declares Qtly Dividend Of $0.23/share - Quick Facts

While reporting financial results for the second quarter on Wednesday, Central Pacific Financial Corp. (CPF), parent company of Central Pacific Bank, said its Board of Directors declared a quarterly cash dividend of $0.23 per share on its outstanding common shares, payable on September 15, 2020 to shareholders of record at the close of business on August 31, 2020.

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Strategic Education Q2 Results Up, Top Consensus

Strategic Education Inc. (STRA) reported better-than-expected second-quarter results and declared a regular quarterly cash dividend of $0.60 per share.

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Deutsche Bank Posts Pre-tax Profit In Q2, Provision For Credit Losses Up; Stock Down

Deutsche Bank AG reported Wednesday a pre-tax profit in its second quarter, compared to last year's loss, despite higher provision for credit losses. Net revenues edged up with good growth in Core Bank revenues, while asset management revenues were weak. Looking ahead, the German banking major reaffirmed its guidance for full year 2020 provision for credit losses of between 35-45 basis points..

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Boston Scientific Q2 Results Miss View - Quick Facts

Medical devices company Boston Scientific Corp. (BSX) reported a net loss available to common stockholders of $153 million or $0.11 per share for the second quarter, compared to net income of $154 million or $0.11 per share a year ago, and achieved adjusted earnings per share of $0.08 for the period, compared to $0.39 a year ago.

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Anthem Guides FY20 Adj. EPS In Line With Estimates - Quick Facts

While reporting financial results for the second quarter on Wednesday, health benefits company Anthem Inc. (ANTM) initiated adjusted earnings for the full-year 2019.

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Pre-market Movers In Healthcare Sector: SNOA, ACHV, TMDI, IMRN.

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Dynatrace Boosts FY21 Outlook - Quick Facts

While reporting financial results for the first quarter on Wednesday, software intelligence provider Dynatrace, Inc. (DT) raised its adjusted earnings and revenue guidance for the full-year 2021 and provided outlook for the second quarter.

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Primary Health Properties Posts Pre-tax Profit In H1 - Quick Facts

Primary Health Properties plc (PHP.L) reported profit before taxation of 39.6 million pounds for the six months ended 30 June 2020, compared to loss before tax of 106.1 million pounds in the prior-year period. Earnings per share were 3.2 pence, compared to loss of 10.7 pence last year.

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Devro H1 Pre-tax Profit Edges Down; CFO Jackie Callaway To Step Down - Quick Facts

Devro plc (DVO.L), a manufacturer of collagen products for the food industry, reported Wednesday that its profit before tax for the six months ended 30 June 2020 was 13.5 million pounds, compared to 13.6 million pounds last year.

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Jupiter Fund Management H1 Pre-tax Profit Down 50% - Quick Facts

Jupiter Fund Management Plc. (JUP.L) reported Wednesday that its first-half profit before tax fell 50 percent to 40.8 million pounds from last year's 81.4 million pounds. Basic earnings per share fell 57 percent to 6.5 pence from 15.1 pence a year ago.

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Next Plc Q2 Full Price Sales Down 28% - Quick Facts

Next Plc (NXT.L) reported that its total full price sales for the second quarter were down 28 percent against last year. However, the company noted that the figure was much better than it expected and an improvement on the best-case scenario given in its April trading statement.

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Rathbone Brothers H1 Pretax Profit Rises - Quick Facts

Rathbone Brothers plc (RAT.L) on Wednesday reported profit before tax of 27.3 million pounds for the six months ended 30 June 2020, up from 20.0 million pounds in the previous-year period. Basic earnings per share were 36.1 pence, up from 25.8 pence last year.

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PUMA Slips To Loss In Q2; Sales Down 32.3% - Quick Facts

PUMA (PMMAF.PK) reported Wednesday that its second-quarter net loss was 95.6 million euros, compared to net earnings of 49.7 million euros in the year-ago period. Loss per share was 0.64 euros, compared to earnings of 0.33 euros per share last year.

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Trevena (TRVN) Just Days Away From FDA Decision

Shares of Trevena Inc. (TRVN) are gathering steam in the run-up to a regulatory catalyst, which is only just days away.

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AlloVir To Debut On Nasdaq On July 30

Cambridge, Massachusetts-based AlloVir Inc. is scheduled to go public on the Nasdaq Global Select Market under the symbol "ALVR" on July 30, 2020. Founded in 2013, AlloVir is a late clinical-stage cell therapy company developing allogeneic T cell therapies to treat devastating viral diseases.

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Moderna: MRNA-1273 Resists High Dose SARS-CoV-2 Infection In Non-human Primates

Moderna, Inc. (MRNA) said a preclinical study evaluating mRNA-1273, the company's vaccine candidate against COVID-19, showed that a two-dose vaccination schedule of mRNA-1273 led to a robust immune response and protection against SARS-CoV-2 infection in the upper and lower airways in non-human primates, without evidence of vaccine-associated enhanced respiratory disease.

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EBay Q2 Adj. Profit Rises; Increases Full Year Guidance - Quick Facts

eBay Inc. (EBAY) reported second quarter non-GAAP earnings per share from continuing operations of $1.08 compared to $0.66, prior year. On average, 27 analysts polled by Thomson Reuters expected the company to report profit per share of $1.06, for the quarter. Analysts' estimates typically exclude special items.

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AMD Q2 Profit Tops Estimates; Revenue Up 26% - Quick Facts

Advanced Micro Devices, Inc. (AMD) reported second quarter non-GAAP earnings per share of $0.18 compared to $0.08, prior year. On average, 30 analysts polled by Thomson Reuters expected the company to report profit per share of $0.16, for the quarter. Analysts' estimates typically exclude special items.

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Visa Inc. Q3 Profit Tops Estimates; Net Revenues Down 17% - Quick Facts

Visa Inc. (V) reported that its third quarter non-GAAP earnings per share was $1.06, a decline of 23% from last year. Non-GAAP earnings per share decrease was approximately 22% on a constant-dollar basis. On average, 31 analysts polled by Thomson Reuters expected the company to report profit per share of $1.03, for the quarter. Analysts' estimates typically exclude special items.

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Stock Alert: Harley-Davidson Falls 9% As Q2 Results Miss Expectations

Shares of Harley-Davidson, Inc. (HOG) are losing more than 9 percent or $2.66 in Tuesday's morning trade at $26.62 after the motorcycle maker's second-quarter results missed analysts' expectations.

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Stock Alert: 3M Down 4% After Q2 Results Miss Estimates

Shares of 3M Co. (MMM), a maker of consumer, health-care and industrial products, are declining almost 4 percent or $6.30 in Tuesday's morning trade at $156.94 after its second-quarter financial results missed analysts' estimates.

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Stock Alert: Francesca's Holdings Up 70%

Shares of Francesca's Holdings Corp. (FRAN) are soaring nearly 70% on Tuesday morning. The women's apparel retailer issued a revenue outlook for the second quarter, that is expected to increase from first-quarter.

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Franklin Resources Expects Legg Mason Acquisition To Close On July 31 - Quick Facts

While reporting its financial results for the third quarter on Tuesday, Franklin Resources said that the company's acquisition of Legg Mason Inc. (LM) is expected to close this Friday, July 31, 2020, ahead of its originally anticipated schedule.

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Disappointing Earnings News May Weigh On Wall Street

The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground after ending the previous session mostly higher.

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Zebra Technologies Guides Q3 Adj. EPS In Line With Estimates - Quick Facts

While reporting financial results for the second quarter on Tuesday, Zebra Technologies Corp. (ZBRA) initiated its adjusted earnings and net sales growth guidance for the third quarter.

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Iridium Communications Updates FY20 Outlook - Quick Facts

While reporting its financial results for the second quarter on Tuesday, Iridium Communications Inc. (IRDM) updated its full-year 2020 outlook for total service revenue growth and OEBITDA.

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DTE Energy Q2 Adj. Earnings Beat Estimates - Quick Facts

DTE Energy Co. (DTE) on Tuesday reported second-quarter earnings of $277 million or $1.44 per share, up from $182 million or $0.99 per share in the year-ago period.

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Sherwin-Williams Boosts FY20 Outlook - Quick Facts

While reporting financial results for the second quarter on Tuesday, paint and coating manufacturer Sherwin-Williams Co. (SHW) boosts earnings and sales growth guidance for the full-year 2020.

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JetBlue Airways Sees Daily Cash Burn Between $7 Mln And $9 Mln In Q3 - Quick Facts

While reporting its financial results for the second quarter on Tuesday, JetBlue Airways Corp. (JBLU) said its daily cash burn improved every month since April, to under $8 million at the end of June.

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Pfizer Q2 Profit Tops Estimates; Revenues Down 11%; Raises Guidance

Pfizer Inc. (PFE) reported second quarter adjusted earnings per share of $0.78 compared to $0.80, prior year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.66, for the quarter. Analysts' estimates typically exclude special items.

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McDonald's Q2 Profit Down 68%, Misses View - Quick Facts

Fast-food giant McDonald's Corp. (MCD) reported Tuesday a 68 percent decline in net income for the second quarter to $483.8 million from last year's $1.52 billion, with earnings per share decreasing 67 percent to $0.65 from $1.97 in the previous year.

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Barnes Group Guides Q3 Adj. EPS Below Estimates - Quick Facts

While reporting financial for the second quarter on Friday, Barnes Group, Inc. (B), a provider of highly engineered products, said its guidance for the full-year 2020 remains suspended as the prevailing business environment does not allow for the forecast of performance with reasonable precision.

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3M FY20 Outlook Remains Withdrawn; Sees Sales Improvements Beginning In Q3

While reporting financial results for the second quarter on Tuesday, 3M Co. (MMM) said its guidance for the full-year 2020 remains withdrawn as it is not able to estimate the full duration, magnitude and pace of recovery across its diverse end markets with reasonable accuracy, due to the continued evolving and uncertain impact of the COVID-19 pandemic.

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Pre-market Movers In Healthcare Sector: SPPI, MEDS, OCGN, SRNE, CRMD...

What's moving these stocks in pre-market hours today?

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Centene Maintains Q2 Adj. EPS Outlook, But Trims Revenue Guidance - Quick Facts

While reporting financial results for the second quarter on Tuesday, healthcare company Centene Corp. (CNC) maintained its adjusted earnings guidance for the full-year 2020, while trimming annual revenue outlook.

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MRNA, PFE/BNTX COVID-19 Vaccines Move Into Phase 3, CytoDyn On Watch, GNCA To Report Data On Jul.30

Today's Daily Dose brings you news about Moderna moving its COVID-19 vaccine candidate into phase III testing, Pfizer/BioNTech selecting BNT162b2 vaccine candidate for SARS COV-2 to advance into phase II/III trial, positive results from TCR2 Therapeutics' phase I/II trial of TC-210 for mesothelin-expressing solid tumors, and Spectrum Pharma's non-small cell lung cancer trial results.

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Optimism About Fiscal Stimulus May Generate Early Buying Interest

The major U.S. index futures are currently pointing to a higher opening on Monday, with stocks likely to move back to the upside after ending the previous session mostly lower.

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Lincoln Electric Q2 Profit Plunges, But Results Top - Quick Facts

Lincoln Electric Holdings, Inc. (LECO) reported Monday that net income for the second quarter plunged to $27.0 million or $0.45 per share from $85.45 million or $1.36 per share in the prior-year quarter.

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RPM International Guides Q1 Net Sales Growth Above Estimates - Quick Facts

While reporting financial results for the fourth quarter and fiscal 2020 on Monday, RPM International Inc. (RPM) provided sales growth guidance for the first quarter of fiscal 2021.

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Hasbro Q2 Results Miss Estimates - Quick Facts

Toy and board game company Hasbro, Inc. (HAS) reported Monday a net loss attributable to Hasbro for the second quarter of $33.92 million or $0.25 per share, compared to net earnings of $13.43 million or $0.11 per share in the year-ago period. Excluding items, adjusted earnings for the quarter were $0.01 per share.

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Biotech Stocks Facing FDA Decision In August 2020

As another month comes to a close, it's time to take a look back at some of the top news stories of July related to FDA approvals and look ahead at what's coming next over the horizon.

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Stock Alert: Skechers Stock Up 8% In Premarket

Shares of global footwear company Skechers U.S.A. Inc. (SKX) are rising over 8% in the pre-market session today, after the company reported a narrower-than-expected loss for the second quarter.

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Schlumberger To Reduce More Than 21,000 Employees - Quick Facts

Schlumberger Limited (SLB) said, in response to market conditions, the company recorded $3.7 billion of pretax restructuring and asset impairment charges, including $1 billion of severance costs, as of the end of the quarter. The company noted that the severance is associated with reducing its workforce by more than 21,000 employees. The vast majority of this charge is expected to be paid during the second half of 2020. The company said the remaining portion of the charge largely relates to the non-cash impairment of certain assets.

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Rising U.S.-China Tensions May Lead To Continued Weakness On Wall Street

The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to extend the sell-off seen in afternoon trading on Thursday.

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NextEra Energy Maintains FY20 Adj. EPS Outlook - Quick Facts

While reporting financial results for the second quarter on Friday, clean energy company NextEra Energy, Inc. (NEE) maintained its adjusted earnings guidance for the full year 2020.

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Verizon Q2 Profit Tops Estimates; Operating Revenues Down 5.1%

Verizon Communications Inc. (VZ) reported second quarter adjusted earnings per share, excluding special items, of $1.18, compared to $1.23, prior year. On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $1.15, for the quarter. Analysts' estimates typically exclude special items.

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Honeywell Q2 Results Top Estimates - Quick Facts

Technology company Honeywell international Inc. (HON) reported Friday a profit for the second quarter that declined from last year, significantly impacted by the COVID-19 pandemic and oil price volatility.

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Pre-market Movers In Healthcare Sector: THTX, ABUS, QLGN CNTG, MRNA.

What's moving these stocks in pre-market hours today?

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Vodafone Q1 Trading In Line With Its Expectations; Affirms 2021 Adj. EBITDA Outlook

Vodafone Group Plc (VOD.L) reported first quarter total revenue of 10.51 billion euros, compared to 10.65 billion euros, previous year. Total revenue declined 2.8% on an organic basis. Total service revenue was 9.11 billion euros, compared to 8.99 billion euros. Organic service revenue was down 1.3%, for the quarter. The Group noted that COVID-19 crisis had a significant impact on service revenue in its first quarter.

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Stock Alert: Citrix Systems Down 7% Despite Upbeat Q2 Results, Raised Outlook

Shares of Citrix Systems, Inc. (CTXS) are losing more than 7 percent or $11.91 in Thursday's morning trade at $155.24 despite the digital workspace technology provider reporting upbeat second-quarter financial results and raising its financial outlook for fiscal 2020.

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Futures Pointing To Roughly Flat Open On Wall Street

The major U.S. index futures are currently pointing to a roughly flat opening on Thursday, with stocks likely to show a lack of direction after ending the previous session mostly higher.

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Nucor Sees Q3 Earnings Similar To Q2 - Quick Facts

While reporting its financial results for the second quarter on Thursday, steel and steel products maker Nucor Corp. (NUE) said it expects earnings in the third quarter of 2020 will be similar to the preceding second quarter. The company reported second-quarter earnings of $0.36 per share.

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Union Pacific Sees FY20 Carload Volumes Down About 10% - Quick Facts

While reporting its financial results for the second quarter on Thursday, Union Pacific Corp. (UNP) said it expects full year 2020 carload volumes to be down around 10 percent or so compared to 2019, although the state of global economy is somewhat uncertain given the lingering impact of the COVID-19 pandemic.

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Pool Boosts FY20 Earnings Outlook - Quick Facts

While reporting financial results for the second quarter on Thursday, swimming pool distributor Pool Corp. (POOL) raised its earnings and adjusted earnings guidance for the full-year 2020, based on its results to date and expectations for the remainder of the year.

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Webster Financial Q2 Net Income Down 47% - Quick Facts

Webster Financial Corp. (WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, on Thursday reported second-quarter earnings applicable to common shareholders of $50.73 million or $0.57 per share, compared to $96.19 million or $1.05 per share in the year-ago period.

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American Airlines Slips To Loss In Q2; Sees Q3 System Capacity Down About 60%

American Airlines Group Inc. (AAL) on Thursday reported second-quarter net loss of $2.07 billion or $4.82 per share, compared to net income of $662 million or $1.49 per share in the year-ago period.

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Pentair Re-instates FY20 Adj. EPS Outlook In Line With Estimates - Quick Facts

While reporting financial results for the second quarter on Thursday, Pentair plc (PNR) re-instated its earnings, adjusted earnings and sales guidance for the full-year 2020.

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Quest Diagnostics Re-instates FY20 Outlook In Line With Estimates - Quick Facts

While reporting financial results for the second quarter on Thursday, Quest Diagnostics Inc. (DGX) re-instated its earnings and adjusted earnings guidance for the full-year 2020. The company has provided a broader-than-usual guidance range to reflect the ongoing uncertainty caused by the COVID-19 pandemic.

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Southwest Airlines Q2 Operating Revenues Down 82.9% YoY

Southwest Airlines Co. (LUV) reported a second quarter net loss per share, excluding special items, of $2.67 compared to profit of $1.37, prior year. On average, 17 analysts polled by Thomson Reuters expected the company to report a loss per share of $2.66, for the quarter. Analysts' estimates typically exclude special items.

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Tractor Supply Guides Q3 EPS, Net Sales Above Estimates - Quick Facts

While reporting financial results for the second quarter on Thursday, rural lifestyle retailer Tractor Supply Co. (TSCO) provided earnings and net sales guidance for the third quarter.

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Dow To Reduce 6% Of Its Global Workforce

Dow (DOW) said the company will initiate a restructuring program, targeting more than $300 million in annualized EBITDA benefit by the end of 2021. This program includes a 6% reduction in the company's global workforce as well as actions to exit uncompetitive assets. The company will also upsize its 2020 operating expense reduction target from $350 million to $500 million through additional structural cost interventions.

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Pre-market Movers In Healthcare Sector: ENTX, IMRN, CNTG, IMMP...

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Precision Drilling Q2 Loss Widens - Quick Facts

Precision Drilling Corp. (PDS, PD.TO) reported Thursday that its second-quarter net loss widened to C$48.87 million or C$0.18 per share from C$13.80 million or C$0.05 per share in the prior-year quarter.

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Danaher Guides Q3 Revenue Growth Above Estimates - Quick Facts

While reporting financial results for the second quarter on Thursday, medical company Danaher Corp. (DHR) said it anticipates adjusted core revenue growth for the third quarter, including Cytiva, to be in the mid- to high-single digit range.

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Allegion Reissues FY20 Adj. EPS Outlook Above Estimates - Quick Facts

While reporting financial results for the second quarter on Thursday, security products and solutions provider Allegion plc (ALLE) re-issued its earnings and revenue growth guidance for the full year 2020.

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Daimler Q2 Loss Widens On Weak Demand; Sees Operating Profit In FY20; Stock Up

Shares of Daimler AG were gaining around 6 percent in the morning trading in Germany after the auto giant reported Thursday that it started seeing first signs of sales recovery amid Covid-19 pandemic, and projects to record an operating profit in fiscal 2020. This was despite reporting wider loss and weak sales volume in its second quarter hurt by the virus-related lockdowns.

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Healthcare IPOs For July 24

There have been 9 IPOs in the healthcare sector so far this month in the U.S. Listed below are the healthcare companies that are going public on Friday (July 24)

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Tesla Motors Q2 Profit Trounces Street; Shares Up 7%

Shares of Tesla Motors Inc. (TSLA) jumped 7% in extended trading session on Wednesday after the luxury electric car maker reported a profit for the second quarter, while analysts expected the company to post a loss.

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Microsoft Q4 Profit, Revenues Beat Street View

Microsoft Corp. (MSFT), Wednesday reported a profit and revenue for the fourth quarter that trumped Wall Street analysts' estimates.

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Whirlpool Updates 2020 Outlook - Quick Facts

Whirlpool Corp. (WHR) said, for full year 2020, the company now expects net sales decline of approximately 10 percent to 15 percent (previously 13 percent to 18 percent) and organic net sales decline of 7 percent to 12 percent (previously 10 percent to 15 percent). The company noted that its COVID-19 response plan is on track to deliver over $500 million in cost takeout in 2020.

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Stock Alert: IRobot Down 7%

Shares of iRobot Corp. (IRBT) are losing more than 7 percent or $6.04 in Wednesday's morning trade at $79.73 despite the consumer robot company reporting a surge in profit for the second quarter.

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Concerns About Coronavirus, U.S.-China Tensions May Weigh On Wall Street

The major U.S. index futures are pointing to a modestly lower open on Wednesday following the mixed performance seen in the previous session.

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Amphenol Sees Q3 Earnings, Sales Above Estimates - Quick Facts

While reporting its financial results for the second quarter on Wednesday, Amphenol Corp. (APH) said it is not providing fiscal 2020 sales and earnings guidance due to the continued economic and public health uncertainties created by the COVID-19 pandemic.

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Pfizer, BioNTech Agree To Supply Initial 100 Mln Doses Of COVID-19 Vaccine To Americans

Pfizer Inc. (PFE) and BioNTech SE (BNTX) have signed an agreement with the U.S. government, under which the U.S. government will receive 100 million doses of BNT162, the COVID-19 vaccine candidate jointly developed by Pfizer and BioNTech, after emergency use authorization from FDA. The U.S. government will pay the companies $1.95 billion upon the receipt of the first 100 million doses. The U.S. government also can acquire up to an additional 500 million doses. Americans will receive the vaccine for free.

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Biogen Boosts FY20 Earnings Outlook; Q2 Results Top Estimates - Quick Facts

While reporting financial results for the second quarter on Wednesday, Biogen Inc. (BIIB) raised its earnings and adjusted earnings guidance for the full-year 2020, while trimming annual revenue outlook.

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Teledyne Technologies Raises FY20 Earnings Outlook - Quick Facts

While reporting financial results for the second quarter on Wednesday, Teledyne Technologies Inc. (TDY) raised its earnings guidance for fiscal 2020 to a range of $9.45 to $10.00 per share from the prior forecast range of $9.30 to $10.00 per share.

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Dover Reinstates FY20 Earnings Guidance - Quick Facts

While reporting financial results for the second quarter on Wednesday, diversified manufacturer Dover Corp. (DOV) re-initiated its earnings and adjusted earnings guidance for the full-year 2020, due to improved demand visibility into the third quarter, and solid margin performance year-to-date.

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Pre-market Movers In Healthcare Sector: ZOM, BNGO, ATOS, CHEK, TNXP...

What's moving these stocks in the pre-market hours today?

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Thermo Fisher Scientific Q2 Results Top Estimates - Quick Facts

Thermo Fisher Scientific Inc. (TMO) reported Wednesday net income for the second quarter grew to $1.16 billion or $2.90 per share from $1.12 billion or $2.77 per share in the prior-year quarter.

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Check Point Software Q2 Results Top View - Quick Facts

Cyber security solutions provider Check Point Software Technologies Ltd. (CHKP) reported Wednesday net income for the second quarter grew to $196.4 million or $1.38 per share from $185.5 million or $1.21 per share in the prior-year quarter.

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ABB Q2 Profit Climbs, But Orders Weak; To Start Share Buyback; Stock Up

Shares of ABB Ltd. were gaining around 3 percent in the early morning trading in Switzerland after the engineering company reported Wednesday that its second-quarter net profit grew significantly on the absence of prior year charges. Meanwhile, Operational EBITA, revenues and orders declined, heavily impacted by COVID-19 pandemic.

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Ahead Of Whirlpool's Q2 Results

Home appliances giant Whirlpool Corp. (WHR) is scheduled to publish its second-quarter numbers after the bell on Wednesday, July 22, with Thomson Reuters' analysts expecting earnings of $0.87 per share on revenue of $3.51 billion.

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AUPH Faces FDA In Jan, ARCT To Advance LUNAR-COV19 Vaccine, IFRX On Watch, All Eyes On ALEC

Today's Daily Dose brings you news about Aurinia Pharma's near-term regulatory catalyst, Alector gearing up to report frontotemporal dementia trial results next week, the progress in Arcturus' LUNAR-COV19 vaccine, Biohaven completing enrolment in phase III trial of Verdiperstat in multiple system atrophy, and InflaRx' update on its investigational drug IFX-1 in severe COVID-19- induced pneumonia.

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Hostess Brands Recalls Certain Hostess Raspberry Zingers

Lenexa, Kansas-based Hostess Brands, LLC is recalling certain Hostess Raspberry Zingers citing the potential to develop mold prior to the best by date, the U.S. Food and Drug Administration said in a statement. The recall involves Hostess Raspberry Zingers Multi-Pack fresh, Multi-Pack frozen, Single-Serve fresh, Single-Serve frozen, as well as Single-Serve grocery 3 count products.

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Stock Alert: New Age Beverages Stock Up 61% In Early Trade

Shares of New Age Beverages Corp. (NBEV) are currently trading at $2.81, up $1.07 or 61.49% in pre-market today. The stock has been trading in the range of $0.98 - $3.98 for the past one year, and closed Monday's trade at $1.74, up 8 cents or 4.82%. Trading volume surged to 13.8 million versus an average volume of 2.37 million shares. 2.81 +1.07 (61.49%

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EU Stimulus Agreement May Generate Early Buying Interest

The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to extend the upward move seen in the previous session.

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Prologis Raises FY20 Profit Outlook - Quick Facts

While reporting its financial results for the second quarter on Tuesday, Prologis Inc. (PLD) raised its profit outlook for fiscal 2020.

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Lockheed Martin Increases 2020 Outlook - Quick Facts

Lockheed Martin Corp. (LMT) said, for fiscal 2020, the company increased its guidance for earnings per share to a range of $23.75 - $24.05 from prior guidance range of $23.65 - $23.95. Net sales are now anticipated to be in a range of $63.50 billion - $65.00 billion, revised from prior guidance range of $62.25 billion - $64.00 billion.

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Coca-Cola Q2 Adj. EPS Top Estimates, But Revenues Miss

Beverages giant Coca-Cola Co. reported Tuesday a 32 percent decline in profit for the second quarter from last year, reflecting a double-digit revenue decline across its operating markets. However, adjusted earnings per share for the quarter beat analysts' estimates, but quarterly revenues miss them. Shares of Coca-Cola are advancing more than 1 percent in pre-market trading.

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Philip Morris Q2 Profit Tops Estimates; Issues 2020 Forecast - Quick Facts

Philip Morris International Inc. (PM) reported second quarter adjusted earnings per share of $1.29, down by 11.6%; or down by 7.5%, excluding currency. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.10, for the quarter. Analysts' estimates typically exclude special items. Adjusted operating income declined by 9.5%, excluding currency.

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Pre-market Movers In Healthcare Sector: IMRN, ABUS, IBIO, OPK, ONTX...

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FDA Warns Against Illegal Marketing Of Disposable E-cigarettes, E-liquids

The U.S. Food and Drug Administration has warned ten companies, including Cool Clouds Distribution Inc. doing business as Puff Bar, for marketing flavored disposable e-cigarettes and youth-appealing e-liquid products without authorization. The agency issued warning letters, urging the companies to remove the products that don't have the premarket authorization.

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Novartis Tightens FY20 Guidance As Q2 Profit, Sales Decline

Swiss drug major Novartis AG (NVS) tightened its fiscal 2020 sales guidance on Tuesday, as second-quarter profit and sales declined, largely due to higher impairments. Meanwhile, Q2 core earnings rose and surpassed Wall Street analysts' estimate.

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AZN's COVID-19 Vaccine Shows Strong Responses, ACAD Fails CLARITY Study, BTAI Hits New High

Today's Daily Dose brings you news about disappointing results from ACADIA's major depressive disorder drug trial, AstraZeneca's promising results of COVID-19 vaccine candidate, BioXcel Therapeutics' SERENITY program, Immuron's update on its new therapeutic against campylobacter and ETEC (E-Coli) and very encouraging results of Synairgen's SNG001 in hospitalized COVID-19 patients.

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Ahead Of Snap's Q2 Results

Camera and social media company Snap Inc. (SNAP) is set to release its Q2 results on Tuesday, July 21, 2020 at 5:00 p.m. ET, and is expected to report a loss of $0.09 per share on revenue of $438.09 million for the quarter, according to analysts polled by Thomson Reuters.

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Walmart restarts talks on selling Asda

US owner looking to sell stakes in supermarket 15 months after collapse of Sainsbury’s merger

The US retail group Walmart has restarted talks on the sale of Asda 15 months after the collapse of a planned merger with Sainsbury’s.

Walmart said it was in conversation with “a small number of third-party investors” who were interested in acquiring a stake in Britain’s third-largest supermarkets chain.

Continue reading...

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Stock Alert: Just Energy Group Shares Surge 68% In Premarket

Shares of Just Energy Group Inc. (JE) have been trading in the range of $0.34 - $4.42 for the past one year, and closed Friday's trade at $0.35, down 0.34%. JE is currently trading at $0.59, up 24 cents or 68.08% in the pre-market session.

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Stock Alert: Immuron Shares Soar 76% In Early Trade

Shares of Immuron Ltd. (IMRN) are rallying over 76% in pre-market today, after the company announced that the Naval Medical Research Center or NMRC has received written guidance from the U.S. FDA in relation to the clinical development pathway of a new investigational drug which the company is developing to treat moderate to severe campylobacteriosis and Enterotoxigenic Escherichia coli or ETEC infections.

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Stock Alert: DPW Holdings Stock Rally Over 139% In Premarket

Shares of DPW Holdings Inc. (DPW) are surging over 139% in pre-market today, after the company announced that its power electronics business, Coolisys Technologies Corp., is introducing a new product line of electric vehicle or EV chargers including an innovative charging solution that is expected to produce a full charge for an EV with a 150-mile range battery in just over 30 minutes.

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Futures Pointing To Choppy Trading On Wall Street

The major U.S. index futures are currently pointing to a mixed opening on Monday following the mixed performance seen last week.

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ManpowerGroup Guides Q3 EPS Below Estimates - Quick Facts

While reporting financial results for the second quarter on Monday, workforce solutions provider ManpowerGroup, Inc. (MAN) said it expects earnings for the third quarter to be in the range of $0.59 to $0.67 per share, which includes an estimated unfavorable currency impact of 1 cent and an elevated effective tax rate due to the French Business Tax which will have an unfavorable impact of 7 cents.

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Pre-market Movers In Healthcare Sector: TNXP, IBIO, VCNX, AZN, APDN...

What's moving these stocks in the pre-market hours today?

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Philips Q2 Profit Drops, Orders Climb, Sees Growth Ahead; Stock Up

Shares of Philips Electronics NV were gaining around 4 percent in the morning trading in Amsterdam after the Dutch consumer electronics giant Monday reported higher orders and said it expects improved profitability in the second half, despite reporting lower profit in its second quarter. For the full year 2020, the company continues to expect a modest comparable sales growth...

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Clinical Trial Readouts Of COVID-19 Vaccines, Drugs Due In July

The total number of confirmed cases of coronavirus has surpassed 14 million, with over 602,000 recorded deaths, as of this writing, according to Johns Hopkins University. Researchers and drug companies are racing against time not only to develop treatments for COVID-19 but also vaccines that could help stop future pandemics.

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Upward Momentum May Lead To Initial Rebound On Wall Street

The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to move back to the upside following the pullback seen in the previous session.

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Kansas City Southern Says Not Providing Earnings Guidance Due To COVID-19

While reporting its financial results for the second quarter on Friday, Kansas City Southern (KSU) said that it is not providing guidance on revenue, volume, operating ratio or earnings per share due to the general economic uncertainty created by the global COVID-19 pandemic.

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BlackRock Q2 Profit Rises, Results Top Estimates - Quick Facts

BlackRock, Inc. (BLK) reported that its second-quarter net earnings increased to $1.21 billion or $7.85 per share from $1.00 billion or $6.41 per share in the year-ago quarter.

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Pre-market Movers In Healthcare Sector: BNGO, ACRX, NBRV, HTBX...

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Ericsson Q2 Profit Climbs, Says Longer-term Positive; Stock Up

Shares of Ericsson were gaining around 8 percent in the morning trading in Sweden after the telecom equipment maker reported Friday higher profit and sales in its second quarter with limited impact from Covid-19 pandemic. Looking ahead, the company maintained its Group targets for 2020 and 2022 with the current visibility. The company said it remains positive on the longer-term outlook.

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ACIU'S Alzheimer's Vaccine Study Chugs Along, LCI Up On Distribution Deal, TLSA Hits New High

Today's Daily Dose brings you news about AC Immune's progress in Alzheimer's vaccine, Cediprof selecting Lannett as its new distribution partner for thyroid drug, and Merck's upcoming regulatory catalyst.

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After Market Hours: PPG Industries, RumbleON, PhaseBio Pharma Gain; Netflix, Aehr Test Systems Tank

PPG Industries, Inc. (PPG) - Shares of the paint maker jumped 5% after the bell on Thursday. PPG Industries' adjusted profit and revenues trumped Wall Street analysts' estimates. PPG Industries reported adjusted earnings of $235 million or $0.99 per share for the period. The company's revenue for the quarter fell 24.9% to $3.02 billion from $4.02 billion last year. Analysts had expected the company to earn $0.71 per share on revenues of $2.78 billion, according to figures compiled by Thomson Reuters.

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Netflix Q2 Profit Misses Street, Shares Tank 10%

Online-video streaming giant Netflix Inc. (NFLX), Thursday reported a second-quarter profit that fell short of Wall Street estimates, despite revenues increasing 25% driven by higher-than expected subscriber growth. Shares of the company tanked 10% in the extended trading session.

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Stock Alert: InnerWorkings Shares Climb 122% In Early Trade

Shares of InnerWorkings Inc. (INWK) are rallying over 122% in pre-market today, after the company announced a definitive agreement with HH Global Group Ltd. to combine operations.

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Morgan Stanley Posts Upbeat Q2 Results On Strong Trading Revenues

Morgan Stanley (MS) reported better-than-expected Q2 results, bolstered by strong trading revenues, amid the COVID-19 pandemic.

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Next in final stages of buying UK arm of Victoria's Secret

Lingerie brand would be second bold acquisition by retailer during coronavirus crisis

Next is finalising a deal to take on the UK arm of the lingerie brand Victoria’s Secret, which fell into administration last month.

The brand, once renowned for its controversial fashion shows featuring models known as “angels”, would give Next access to a potentially younger consumer.

Continue reading...

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Disappointing Jobs Data May Lead To Pullback On Wall Street

The major U.S. index futures are currently pointing to a lower opening on Thursday, with stocks likely to give back ground after ending the previous session mostly higher.

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Stock Alert: AC Immune Shares Soar 82% In Premarket

Shares of AC Immune SA (ACIU) are surging over 82% in pre-market today, after the company announced the initiation of the second highest dosing group its Phase 1b/2a clinical trial evaluating ACI-35.030 for the treatment of Alzheimer's disease (AD).

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Abbott Laboratories Sees FY20 Adj. Earnings Above Estimates - Quick Facts

While reporting its second-quarter financial results on Thursday, medical devices and healthcare company Abbott Laboratories (ABT) forecast fiscal 2020 earnings per share from continuing operations of at least $2.00, and adjusted earnings per share from continuing operations of at least $3.25.

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FDA Accepts Merck's NDA For Vericiguat For Priority Review - Quick Facts

Merck & Co., Inc. (MRK), known as MSD outside the United States and Canada, announced Thursday that the U.S. Food and Drug Administration (FDA) has accepted for priority review the New Drug Application (NDA) for vericiguat.

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Bank Of America Q2 Profit Beats Estimates; Revenue Down 3%

Bank of America (BAC) reported second quarter earnings per share of $0.37 compared to $0.74, prior year. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.27, for the quarter. Analysts' estimates typically exclude special items. Pretax income declined 58% year-on-year to $3.8 billion. Net income of $3.5 billion included the impact of a $4.0 billion reserve build primarily associated with a weaker economic outlook related to COVID-19. Provision for credit losses increased to $5.1 billion, driven by $4.0 billion reserve build. Pretax, pre-provision income, was down 9% to $8.9 billion.

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Johnson & Johnson Boosts FY20 Outlook - Quick Facts

While reporting financial results for the second quarter, healthcare company Johnson & Johnson (JNJ) on Thursday raised its earnings and sales forecast for the full year 2020.

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Pre-market Movers In Healthcare Sector: NBRV, ADMP, BNTX, GENE.

What's moving these stocks in the pre-market hours today?

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Healthcare IPOs For July 17

So far this month, 6 companies belonging to the healthcare sector have made their stock market debut. Now, let's take a look at tomorrow's IPOs.

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GRTX Awaits Pancreatic Cancer Trial Data, GENE Jumps, MNK Gets FDA Panel Backing, TCDA Disappointed

Today's Daily Dose brings you news about Galera Therapeutics' upcoming milestone, Genetic Technologies' progress on its COVID-19 Severity Risk Test, FDA panel backing of Mallinckrodt 's Terlipressin, PDS Biotech accelerating its PDS0202 vaccine program for influenza and FDA notifying Tricida of deficiencies in the New Drug Application for Veverimer, among others.

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Stock Alert: Leju Holdings Surges To New 52-week High On Upbeat Results

Shares of Leju Holdings (LEJU) are gaining more than 64 percent or $1.67 in Wednesday's morning trade at $4.27, after earlier touching a new 52-week high of $4.81 following upbeat full-year earnings results.

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Stock Alert: Moleculin Shares Up 38% In Premarket On Production Deal For COVID-19 Candidate WP1122

Shares of Moleculin Biotech Inc. (MBRX) are suring over 38% in pre-market today, following the company's agreement with Sterling Pharma USA LLC for US production of WP1122 to support its expanded development efforts in preparation for submitting the FDA request for Investigational New Drug or IND status for WP1122 for the potential treatment of COVID-19.

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Vaccine News, Goldman Sachs Earnings May Spark Early Rally On Wall Street

The major U.S. index futures are pointing to a sharply higher open on Wednesday, with stocks likely to add to the strong gains posted in the previous session.

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Stock Alert: Taiwan Liposome Shares Up 36% In Premarket

Shares of Taiwan Liposome Co. Ltd. (TLC) have been trading in the range of $2.48 - $8.54 for the past one year, and closed Tuesday's trade at $6.50, up 10 cents or 1.56%. TLC is currently trading at $8.50, up $2.27 or 36.44% in the pre-market session.

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Stock Alert: China Finance Online Shares Surge 147% In Premarket On Partnership With Dow Jones

Shares of China Finance Online Co. Ltd. (JRJC) are soaring over 147% in pre-market today, following the company's partnership agreement with global news and data business, Dow Jones.

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Stock Alert: Can-Fite Shares Up 33% In Early Trade

Shares of Can-Fite BioPharma Ltd. (CANF) are rising over 33% in pre-market today, after the company announced that it has amended the protocol for its Phase II COVID-19 study based on the U.S. FDA feedback.

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Goldman Sachs Q2 Profit Beats Estimates; Net Revenues Up 41%

The Goldman Sachs Group, Inc. (GS) reported second quarter earnings per share of $6.26 compared to $5.81, a year ago. On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $3.78, for the quarter. Analysts' estimates typically exclude special items. During the second quarter of 2020, the company recorded net provisions for litigation and regulatory proceedings of $945 million. This reduced EPS by $2.60 in the second quarter of 2020. Net earnings applicable to shareholders increased to $2.25 billion from $2.20 billion.

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Infosys Q1 Net Profit Up 3%; Issues FY21 Revenue Growth Guidance - Quick Facts

Infosys Limited (INFY) reported Wednesday that its net profit for the first quarter of fiscal 2021 increased to $564 million from $546 million in the year-ago quarter, with earnings per share remaining flat with last year at $0.13.

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PNC Financial Services Announces Qtly Cash Dividend Of $1.15/share - Quick Facts

While reporting financial results for the second quarter on Wednesday, PNC Financial Services Group, Inc. (PNC) said its board of directors declared a quarterly cash dividend on common stock payable on August 5, 2020 of $1.15 per share, consistent with the second quarter dividend paid on May 5, 2020.

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BNY Mellon Posts Better-Than-Expected Q2 Results - Quick Facts

Bank of New York Mellon Corp. (BK) reported Q2 net income applicable to common shareholders of $901 million or $1.01 per share compared to $1.02 billion or $1.01 per share last year.

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Pre-market Movers In Healthcare Sector: IMMP, ACOR, CLSN, MRNA, ECOR...

What's moving these stocks in the pre-market hours today?

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AZN, IQV Team Up To Accelerate COVID-19 Vaccine Work, RIGL's ITP Drug Repurposed, IMV On Watch

Today's Daily Dose brings you news about Aldeyra's stock sales to two healthcare-focused investment funds, AstraZeneca teaming up with a contract research organization to accelerate the development of its COVID-19 vaccine candidate, Blueprint Medicines' collaboration with Roche, the progress in IMV's COVID-19 vaccine candidate, and the next milestone in Moderna's potential COVID-19 vaccine.

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Flagstone Foods Recalls Wegmans Pecan Blend Trail Mix

Flagstone Foods LLC is recalling certain Wegmans Pecan Blend Trail Mix citing the possible presence of undeclared almonds and walnuts, the U.S. Food and Drug Administration announced. The Robersonville, North Carolina-based company initiated the recall following a notification from a customer that the product contained almonds and walnuts that are not listed in the ingredient statement on the pack

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Upbeat JPMorgan Earnings May Generate Early Buying Interest

The major U.S. index futures are currently pointing to a modestly higher open on Tuesday following the sharp pullback seen late in the previous session.

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Stock Alert: IMV Shares Surge 154% On COVID-19 Vaccine Program Update

Shares of IMV Inc. (IMV) are surging over 154% in pre-market today, on the heels of its rapid progress in developing its candidate vaccine to prevent COVID-19 infection in response to the global health threat posed by the novel coronavirus.

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Wells Fargo Slips To Loss In Q2; To Cut Dividend - Quick Facts

Wells Fargo & Co. (WFC) reported Tuesday that its net loss applicable to common stock for second quarter was $2.69 billion or $0.66 per share, compared to net income of $5.85 billion or $1.30 per share last year.

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Wipro Q1 Profit, Revenues Edge Up - Quick Facts

India-based software services company Wipro Ltd. (WIT) reported Tuesday that first-quarter net income attributable to equity holders was 24.11 billion Indian rupees or $318 million, edging up 0.1 percent from last year's 24.02 billion rupees.

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Delta Air Lines Posts Hefty Loss In Q2

Delta Air Lines (DAL) reported a second quarter adjusted loss per share of $4.43 compared to profit of $2.35, prior year. On average, 15 analysts polled by Thomson Reuters expected the company to report a loss per share of $4.12, for the quarter. Analysts' estimates typically exclude special items. June quarter adjusted pre-tax loss was $3.9 billion, which excludes $3.2 billion of items directly related to the impact of COVID-19 and the company's response.

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Stock Alert: VolitionRx Shares Rally 80% In Premarket On COVID-19 Triage Test Data

Shares of VolitionRx Ltd. (VNRX) are soaring over 80% in pre-market today, after the company announced that results from two proof of concept clinical studies using its Nu.Q assays have been submitted for peer review and would be available on BIORXIV.ORG shortly.

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Stock Alert: Boxlight Shares Surge 33% In Early Trade

Shares of Boxlight Corp. (BOXL) are rising over 33% in the pre-market session today, with huge trading volume of 46.1 million versus an average volume of 3.38 million shares. The stock has been trading in the range of $0.33 - $3.06 for the past one year, and closed Monday's trade at $1.57, up 57 cents or 57%.

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Pre-market Movers In Healthcare Sector: INMB, ECOR, CYAD, VXRT...

What's moving these stocks in the pre-market hours today?

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Cipla Gets Final FDA Approval For ANDA For Icatibant Injectable

Cipla Ltd. (CPLFY.PK) announced Tuesday that it has received final approval for its Abbreviated New Drug Application (ANDA) for Icatibant Injectable 30mg/3mL from the U.S. Food and Drug Administration (FDA).

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This Week's Healthcare IPOs

There have been 4 IPOs in the healthcare sector so far this month in the U.S. Listed below are the healthcare companies that are going public this week.

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EQ Soars, INMB Up On Promising Alzheimer's Trial Data, ALT To Move AdCOVID Into Clinical Trial In Q4

Today's Daily Dose brings you news about Altimmune's progress in ints intranasal COVID-19 vaccine candidate, Independent Data Monitoring Committee recommending stopping of Celsion's phase III OPTIMA study, FDA refusing to accept for review CytoDyn's Biologics License Application for Leronlimab, multi-fold jump in the share price of Equillium, and promising Alzheimer's trial data of INmune Bio.

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Stock Alert: Maxim Integrated Hits New 52-week High On Acquisition By Analog Devices

Shares of Maxim Integrated Products, Inc. (MXIM) are climbing more than 12 percent or $7.97 in Monday's morning trade at $72.06, after earlier touching a new 52-week high of $72.84.

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Stock Alert: Altimmune Shares Up 22% In Premarket

Shares of Altimmune Inc. (ALT) are rallying over 22% in pre-market today, after the company announced positive results from the preclinical studies of its intranasal COVID-19 vaccine candidate, AdCOVID.

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Stock Alert: NovaBay Pharma Shares Soar 42% In Early Trade

Shares of NovaBay Pharmaceuticals Inc. (NBY) are surging over 42% in pre-market today, after the company announced testing results from an independent third-party laboratory confirming that Avenova, NovaBay's proprietary formulation of pure hypochlorous acid, kills SARS-CoV-2.

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Stock Alert: Maxim Integrated Shares Up 15% In Premarket

Shares of Maxim Integrated Products Inc. (MXIM) are rising over 15% in pre-market today, after the company said it now expects Q4 net revenue to be about $545 million, versus its prior guidance range of $480 million - $540 million. Twenty Wall Street analysts have a consensus revenue estimate of $511.23 million for the quarter.

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Stock Alert: Maxim Integrated Shares Up 15% In Premarket

Upbeat Vaccine News May Lead To Initial Strength On Wall Street

The major U.S. index futures are currently pointing to a higher opening on Monday, with stocks likely to extend the rally seen last Friday.

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Pre-market Movers In Healthcare Sector: EQ, ECOR, SAVA...

What's moving these stocks in the pre-market hours today?

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Osmotica Pharma (OSMT) Catches Eyes

Shares of Osmotica Pharmaceuticals plc (OSMT) closed at a new 52-week high of $8.77 on Friday (Jul.10), and that reflects a gain of 150% in just three months.

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Stock Alert: Greenbrier Shares Up 11% In Premarket As Q3 Results Top Consensus

Shares of the Greenbrier Companies Inc. (GBX) are rising over 11% in pre-market today, after the company reported better-than-expected Q3 results.

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Stock Alert: Greenbrier Shares Up 11% In Premarket As Q3 Results Top Consensus

Shares of the Greenbrier Companies Inc. (GBX) are rising over 11% in pre-market today, after the company reported better-than-expected Q3 results.

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Pre-market Movers In Healthcare Sector: ANIX, BNGO, ZIOP, TRVI.

What's moving these stocks in the pre-market hours today?

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Sundial Herbal Products Since 2014 Recalled After Federal Order

Sundial Herbal Products has recalled around 65 products, which were misbranded and currently unapproved drugs, the U.S. Food and Drug Administration said in a statement. The recall follows an order by a federal judge in June to stop distributing the company's unapproved new drugs. The affected items include herbal products and dietary supplements.

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Stock Futures Recover On Positive News About Coronavirus Treatment

The major U.S. index futures are currently pointing to a modestly lower open on Friday but have climbed well off their worst levels.

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Greenbrier Posts Better-Than-Expected Q3 Results - Quick Facts

The Greenbrier Companies Inc. (GBX) reported higher-than-expected results for the third quarter.

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DexCom Shares Hit All-time High, Up Over 100% Year-to-Date

Shares of medical device company DexCom Inc. (DXCM) closed at an all-time high of $440.50 yesterday, and that reflects a gain of over 100 percent year-to-date.

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Stock To Watch: Zynex Inc. (ZYXI)

Citing solid increase in orders and strong collections, medical technology company Zynex Inc. (ZYXI) raised its Q2 revenue outlook to a range of $18.9 million - $19.4 million from the previously communicated range of $17.5 million - $18.0 million.

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Botox, Keytruda Get FDA Approval For New Uses, BVXV Abuzz, First Droopy Eyelid Treatment Is Here

Today's Daily Dose brings you news about Altimmune's AdCOVID vaccine, the growing list of approved indications for AbbVie's Botox, an update on Aldeyra's Dry Eye disease drug candidate Reproxalap and FDA approval of Merck's Keytruda for yet another indication.

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KIND Healthy Snacks Recall Oats & Honey Granola Pouches

KIND Healthy Snacks is recalling a limited number of Oats & Honey Granola pouches citing the presence of undeclared sesame seeds, the U.S. Food and Drug Administration announced. The recall involves KIND Oats & Honey Granola with Toasted Coconut. Sesame seeds, a known allergen, is not listed as an ingredient in the product, instead, the label lists "sesame seeds" under the "May Contain

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Stock Alert: Walgreens Down 6% On Weak Q3 Results, Job Cut

Shares of Walgreens Boots Alliance Inc. (WBA) are losing more than 6 percent or $2.78 in Thursday's morning trade at $39.51 after the drugstore chain's earnings for the third quarter missed analysts' expectations and it also forecast earnings for the full-year below estimates.

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Walgreens Boots Alliance Guides FY20 EPS Below Estimates: Boosts Qtly. Dividend - Quick Facts

While reporting financial results for the third quarter on Thursday, Walgreens Boots Alliance, Inc. (WBA) initiated its adjusted earnings guidance for the full-year 2020, below analysts expectations.

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Mylan, Fujifilm Kyowa Kirin Receive FDA Approval Of Hulio - Quick Facts

Pharmaceutical companies Mylan N.V. (MYL) and Fujifilm Kyowa Kirin Biologics Co., Ltd. announced Thursday that the U.S. Food and Drug Administration (FDA) has approved Hulio (adalimumab-fkjp), a biosimilar to AbbVie's Humira (adalimumab). This will help bring another affordable treatment option to U.S. patients living with chronic inflammatory conditions.

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Pre-market Movers In Healthcare Sector: INFI, BNGO, ACER, UMRX.

What's moving these stocks in the pre-market hours today?

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Altimmune's (ALT) Astounding Journey From $1 To $20 In Just Few Months

It has been a banner year so far for Altimmune Inc. (ALT), whose share price has grown a whopping 990 percent year-to-date, thanks to the Company's pipeline progress, including its foray into COVID-19 drug and vaccine development space.

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Healthcare IPOs For July 10

It's already a week into the third quarter. The number of U.S. healthcare sector initial public offerings in the first half of 2020 is 34 compared to 41 in the same period last year.

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Mylan Recalls One Lot Of Daptomycin For Injection

Generic and specialty pharma company Mylan N.V. said its U.S.-based business Mylan Institutional LLC recalled one lot of bacterial infection antibiotic Daptomycin in the form of injection for the potential presence of particulate matter, according to the U.S. Food and Drug Administration or FDA.

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Pre-market Movers In Healthcare Sector: NNVC, BCRX, XENT, VVUS.

What's moving these stocks in the pre-market hours today?

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FDA Issues CRL To Merck, Eisai For Keytruda Plus Lenvima Combination - Quick Facts

Merck & Co, Inc. (MRK) and Eisai Co. Ltd. announced Wednesday that the U.S. Food and Drug Administration (FDA) has issued a Complete Response Letter (CRL) regarding their applications seeking accelerated approval of Merck's Keytruda, plus Eisai's Lenvima, for the first-line treatment of patients with unresectable hepatocellular carcinoma (HCC).

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Futures Pointing To Roughly Flat Open On Wall Street

The major U.S. index futures are pointing to a roughly flat open on Wednesday following the sharp pullback seen in the previous session.

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Stock Alert: Cambium Networks' Stock Up 27% In Premarket On Upbeat Q2 Guidance

Shares of Cambium Networks Corp. (CMBM) are rising over 27% in pre-market today, after the company announced that it now sees Q2 revenues and net income above high-end of its previous outlook.

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Stock Alert: National General Holdings Stock Up 64% In Premarket On Acquisition News

Shares of National General Holdings Corp. (NGHC) are rising over 64% in pre-market today, after the company announced that the Allstate Corp. (ALL) has agreed to acquire National General for about $4 billion in cash, or $34.50 per share.

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Stock Alert: NanoViricides Stock Up 50% In Early Trade

Shares of NanoViricides Inc. (NNVC) have been trading in the range of $1.27 - $19.20 for the past one year, and closed Tuesday's trade at $6.92, down 8 cents or 1.14%. Currently, the stock is trading at $10.43, up $3.51 or 50.72% in the pre-market session.

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Palatin Reinitiates Enrollment Of Phase 2 Study With PL9643 To Treat Dry Eye Disease

Biopharmaceutical company Palatin Technologies, Inc. (PTN) announced Wednesday the reinitiation of enrollment of its Phase 2 clinical study with PL9643 for the treatment of dry eye disease (DED). The company had paused patient recruitment to ensure patient safety during the initial phases of the COVID-19 pandemic.

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Stock Alert: Party City Shares Up 32% In Premarket

Shares of Party City Holdco Inc. (PRTY) are currently trading at $1.72, up 43 cents or 32.82% in the pre-market session. The stock has been trading in the range of $0.26 - $7.37 for the past one year, and closed Tuesday's trade at $1.28, down 10 cents or 7.25%. Trading volume was 2.77 million versus an average volume of 10.9 million shares.

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Lupin Pharma Recalls Diabetes Drug Metformin

India-based Lupin Pharmaceuticals Inc. announced a recall of all batches of type 2 diabetes medication Metformin Hydrochloride Extended-Release Tablets, citing detection of N-Nitrosodimethylamine or NDMA, a probable human carcinogen. The move comes after many other drug companies called back Metformin tablets after the U.S. Food and Drug Administration or FDA recommended over NDMA concerns.

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CRVS, HEPA Jump On COVID-19 Drug Bandwagon, LVGO In Good Health, NVAX Joins $100 Stock Price Club

Today's Daily Dose brings you news about the pipeline progress of Annovis Bio, new entrants in the COVID-19 drug development space, Livongo Health's upbeat preliminary Q2 revenue, Regeneron's BARDA contract, Novavax stock price touching new high and Mallinckrodt's near-term regulatory catalyst.

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Granules Pharma Recalls Diabetes Drug Metformin HCI Extended-Release Tablets

Granules Pharmaceuticals, Inc. recalled twelve (12) lots of type 2 diabetes medication Metformin hydrochloride Extended-Release, in the form of oral film-coated tablets, for the potential presence of nitrosamine impurity, N-Nitrosodimethylamine (NDMA), above levels of the Acceptable Daily Intake Limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement.

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Stock Alert: Livongo Health Up 12% As Quarterly Outlook Lifted

Shares of Livongo Health, Inc. (LVGO) are currently up 12% on Tuesday morning after the company lifted its second-quarter revenue guidance.

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Stock Alert: Annovis Bio Shares Rocket 122% In Premarket

Shares of Annovis Bio Inc. (ANVS) are surging over 122% in pre-market today, after the company announced that it has received Central Institutional Review Board or IRB approval to begin its Phase 2 clinical study in early PD and early AD patients at 15 sites across the US.

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Stock Alert: Corvus Pharma Shares Spike 100% In Premarket

Shares of Corvus Pharmaceuticals, Inc. (CRVS) are rallying over 100% in pre-market today, after the company announced that it has initiated a Phase 1 study to investigate a novel immunotherapy approach for patients with COVID-19.

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Profit Taking May Lead To Initial Pullback On Wall Street

The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground following the rally seen in the previous session.

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Curis Doses First Patient In Phase 1 Trial Evaluating CA-4948 - Quick Facts

Biotechnology company Curis, Inc. (CRIS) announced Tuesday that the first patient has been dosed in its Phase 1 trial evaluating CA-4948, a novel, small molecule IRAK4 kinase inhibitor, in patients with acute myeloid leukemia (AML) or high-risk myelodysplastic syndromes (MDS) with spliceosome mutations, such as SF3B1 and U2AF1, that drive expression of the long isoform of IRAK4 (IRAK4-L).

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Pre-market Movers In Healthcare Sector: NVAX, ENDP, VXRT, EOLS, CLLS.

What's moving these stocks in the pre-market hours today?

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BLU Plunges On RELIEF Data, FDA Places CLLS' Trial On Hold, IMMU Hits New High, OTIC Music To Ears

Today's Daily Dose brings you news about BLU'S disappointing results from RELIEF trial, FDA hold on CLLS' trial, positive results from Immunomedics' confirmatory trial of Trodelvy, OBSV's phase III studies of Yselty in women with heavy menstrual bleeding due to uterine fibroids, OTIC's tinnitus study results, and clinical progress of REGN's anti-viral cocktail In treatment/prevention of COVID-19.

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Samsung Sees 22.7% Rise In Q2 Operating Profit

Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) expects that its second-quarter operating profit will rise about 22.73 percent from last year, due to increasing demand for server chips as countries around the world adopt work-from-home measures during the coronavirus pandemic. But, it projects sales will decrease 7.36 percent.

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Stock Alert: Niu Technologies Stock Up 16% In Premarket On Q2 E-Scooter Sales Growth

Shares of Niu Technologies (NIU) are rising over 16% in pre-market today, after the company announced a 61.2% growth in second-quarter e-scooter sales.

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Strength Overseas May Carry Over To Wall Street

The major U.S. index futures are currently pointing to a higher opening on Monday as traders return to their desks following the holiday weekend.

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Freeport-McMoRan Expects Q2 Adj. EBITDA Of About $650 Mln - Quick Facts

Freeport-McMoRan Inc. (FCX) on Monday provided an update on its second-quarter operational and financial performance as well as its ongoing response to the COVID-19 pandemic.

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Regeneron Begins Late-stage Clinical Trials Evaluating REGN-COV2 - Quick Facts

Biotechnology company Regeneron Pharmaceuticals, Inc. (REGN) announced Monday the initiation of late-stage clinical trials evaluating REGN-COV2, Regeneron's investigational double antibody cocktail for the treatment and prevention of COVID-19.

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Pre-Market Movers In Healthcare Sector - OBSV, MGTA, ELGX...

What's moving these stocks in the pre-market today?

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UK buys £400m stake in bankrupt satellite rival to EU Galileo system

Investment with India made in US firm OneWeb after Brexit locks UK out of Europe’s satellite navigation system

The UK government has pledged to invest $500m (£400m) in bankrupt satellite company OneWeb, giving it a stake in a business that provides broadband from space.

The government will receive a “significant equity share” in the firm as it seeks to make “high-risk, high-reward” investments in promising technologies.

Continue reading...

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Sanofi, Regeneron Stop Kevzara COVID-19 Trial In U.S. After Failing To Meet Key Goals

Sanofi and Regeneron Pharmaceuticals, Inc. announced that the U.S. Phase 3 trial of arthritis drug Kevzara (sarilumab) 400 mg in COVID-19 patients requiring mechanical ventilation did not meet its primary and key secondary endpoints. In the trial, Kevzara was added to best supportive care compared to best supportive care alone (placebo). The companies have stopped the U.S. trial.

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IMMU Continues Ascent, IDXG On Fire, REGN's Kevzara Disappoints In COVID-19 Trial, BLFS On Watch

Today's Daily Dose brings you news about BioLife Solutions' preliminary second-quarter revenue estimate; Immunomedics' immediate catalyst; Interpace Biosciences' stock price spike; MEI Pharma discontinuing Pracinostat trial in AML patients due to lack of efficacy and disappointing outcome from Regeneron/Sanofi's study evaluating Kevzara in COVID-19 patients.

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Strong Jobs Data May Spark Early Rally On Wall Street

The major U.S. index futures are currently pointing to a sharply higher opening on Thursday, with stocks likely to extend a recent upward move.

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Stock Alert: Nxt-ID Shares Soar 62% In Early Trade

Shares of Nxt-ID Inc. (NXTD) are currently trading at $0.86, up 33 cents or 62.26% in the pre-market session. The stock has been trading in the range of $0.21 - $0.80 for the past one year, and closed Wednesday's trade at $0.53, up 0.03 or 5.14%. Trading volume surged to 2.35 million versus an average volume of 1.41 million shares.

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Helsinn, MEI Pharma Discontinue Phase 3 Study With Pracinostat - Quick Facts

Swiss pharma company Helsinn Group and MEI Pharma, Inc. (MEIP) announced Thursday that they have decided to discontinue the recruitment of patients and end the Phase 3 Study with Pracinostat in Acute Myeloid Leukemia (AML) following an interim analysis.

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Stock Alert: GEE Group Shares Jump 232% In Premarket

Shares of GEE Group Inc. (JOB) are climbing over 232% in pre-market today, after the company announced completion of a recapitalization and financial restructuring on June 30, 2020.

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Pre-Market Movers In Healthcare Sector - VERO, XERS, CEMI, ZOM...

What's moving these stocks in the pre-market today?

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LMNL Joins COVID-19 Battle, PFE/BNTX Vaccine Data Promising, EVLO On Watch

Today's Daily Dose brings you news about Pfizer/BioNTech's COVID-19 vaccine trial results; Blueprint's submission of Pralsetinib NDA; reverse merger of MedAvail with MYOS; Liminal BioSciences' efforts to fight the ongoing pandemic and upsized public offering of AdaptHealth.

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Pfizer And BioNTech' Potential Covid-19 Vaccine Shows Positive Data In Human Trial

Pfizer Inc. (PFE) and BioNTech SE (BNTX) said their investigational Covid-19 vaccine developed neutralizing antibodies in healthy patients, while causing low grade fever after the second dose.

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Schnitzer Steel Expects To Report Results In Single Operating Segment In Q1 2021

While reporting its third-quarter financial results on Wednesday, Schnitzer Steel Industries, Inc. (SCHN) it is transitioning from its multi-divisional organizational structure to a functionally-based, integrated operating model, as it announced last quarter. The company noted that the transition will reflect the culmination of a multi-phase organizational development strategy over the last several years.

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Profit Taking May Contribute To Initial Weakness On Wall Street

The major U.S. index futures are pointing to a lower open on Wednesday following the best quarter for the markets in decades.

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Stock Alert: FedEx Shares Up 11% In Early Trade On Strong Q4

Shares of the package delivery giant FedEx Corp. (FDX) are rising over 11% in pre-market today, after the company reported better-than-expected Q4 results.

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Stock Alert: YRC Worldwide Shares Surge 120% In Premarket On $700 Mln CARES Act Loan From UST

Shares of YRC Worldwide Inc. (YRCW) are soaring over 120% in pre-market today, after the company announced that the United States Department of the Treasury or UST intends to provide a $700 million loan to YRCW under authorization provided by Subtitle A of Title IV of the CARES Act.

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Stock Alert: T2 Biosystems Stock Up 77% In Premarket

Shares of T2 Biosystems Inc. (TTOO) are soaring over 77% in pre-market today, after the company announced the launch of COVID-19 diagnostic test, and Q2 preliminary results.

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