After Hours Summary: NKE +7%, CTAS +5% see gains while CAMP -12% falls after earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: NKE +7.4%, CTAS +5% (issued upside FY19 guidance)
Companies trading higher in after hours in reaction to news: CDXC +25.3% (entered into license and supply agreement with Nestle Health Science [NSRGY]); GRTS +12.2% (received Fast Track designation for GRANITE-001); CRCM +8.8%, ARLO +5% (to join S&P SmallCap 600); DFRG +7.9% (commencing strategic review); ZNGA +6.4% (raised Q4 guidance; acquiring 80% of Small Giant Games for $560 mln in cash and stock); CGC +5.6%, MJ +2.9%, PYX +1.8%, TLRY +1.6% (FDA may consider legalization of interstate sales of certain cannabis-based products following passage of Farm Bill); AKRX +5% (named Douglas S. Boothe CEO); IVAC +4.4% (lightly traded; received contract for development of digital night vision cameras); REI +0.9% (signed purchase and sale agreement with Carlyle Group subsidiary); ACN +0.7% (acquired data intelligence company Knowledgent)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CAMP -12.1% (guided Q4 revs below consensus)
Companies trading lower in after hours in reaction to news: PTI -23.4% (pushed back release of efficacy and safety data from Phase 1 study of proprietary combination therapy triplet), PFE -0.4% (Data Monitoring Committee recommended discontinuation of Phase 2b STRIVE study)
Magnetar Financial LLC discloses 5.07% stake - 13D filing
- The Reporting Persons acquired the 5,950,601 Shares reported herein on behalf of the Funds after the public announcement of the Merger Agreement (as defined below) for purposes of receiving the merger consideration described below upon consummation of the Merger (as described below). The Reporting Persons currently intend to vote the 5,950,601 Shares reported herein on behalf of the Funds in favor of the Merger.- Each of the Reporting Persons reserves the right to acquire additional securities of the Company in the open market, in privately negotiated transactions, or otherwise, to dispose of all or a portion of the Shares and/or other securities reported in this Statement, or to change their intention with respect to any or all of the matters referred to in this Item 4.
Le groupe bancaire français Crédit Agricole a indiqué jeudi faire partie des quatre banques visées par une enquête de la Commission européenne, qui les soupçonne de s'être entendues entre 2009 et 2015 dans certaines négociations sur le marché obligataire.
Crédit Agricole SA, l'entitée cotée du groupe bancaire mutualiste, et Crédit Agricole CIB, sa banque de financement et d'investissement, "confirment avoir reçu (...) une communication de griefs de la Commission Européenne dans le cadre de son enquête sur une éventuelle infraction au droit de la concurrence sur le marché secondaire des obligations SSA (Suprasouveraines, souveraines et d'agences) libellées en dollars américains", a indiqué le groupe.
Fausser la concurrence
"Crédit Agricole SA et Crédit Agricole CIB vont en prendre connaissance et y répondre", est-il ajouté sans plus de précisions. La Commission européenne soupçonne quatre banques de s'être entendues entre 2009 et 2015 pour fausser la concurrence dans la négociation sur le marché secondaire d'obligations libellées en dollars, a-t-elle annoncé jeudi dans un communiqué.
Selon la Commission, certains négociateurs de ces banques auraient pu "échanger des informations commerciales sensibles et coordonner leurs prix concernant des obligations suprasouveraines, souveraines et d'agences libellées en dollars américains", également connues sous le nom d'"obligations SSA". Ces contacts auraient essentiellement eu lieu "sur des forums de discussion en ligne", précise-t-elle.
"Communication des griefs"
Bruxelles a adressé une "communication des griefs", l'équivalent d'un acte d'accusation dans le jargon bruxellois, aux quatre établissements en question.Les quatre banques sont désormais invitées à examiner les pièces versées au dossier de la Commission, à qui elles peuvent répondre par écrit ou demander à être entendues.
Bruxelles, qui n'est tenue par aucun délai légal dans cette enquête, pourrait infliger une amende allant jusqu'à 10% du chiffre d'affaires annuel des entreprises concernées si ses allégations étaient confirmées.
Gapping up
In reaction to strong earnings/guidance:
In reaction to strong earnings/guidance:
- RAD +11.6% (also announces terms for pharmaceutical distribution with McKesson), MLHR +6.1%, BB +5.4%, RCII+4.3%
M&A news:
- MO +0.2% (invests $12.8B in Juul)
Select cannabis stocks trading higher:
- TLRY +12.3% (Ambev's Labatt Brewing partners with Tilray on research for non-alcoholic beverages containing cannabis extracts), APHA +3.7%, NBEV +1.8% (TLRY / ABEV news; Highpark's Marley Brands is partners with NBEV), ACB +1.7%, CGC +1.4%, CRON +1.2%
Other news:
- AGEN +57.2% (I/O partnership with Gilead, buying 11M shares at $2.70)
- AIMT +12.4% (higher following DBVT news on peanut drug trial update)
- SB +8.9% (authorizes common stock repurchase program of up to 3.0 mln shares)
- XON +8.4% (deal with Merck KGaA for CAR-T)
- BILI +6.7% (Alibaba partnership)
- NWL +5.4% (Carl Icahn increases active stake), CE +4.8% (to join S&P 500)
- ABEV +3.3% (Ambev's Labatt Brewing partners with Tilray on research for non-alcoholic beverages containing cannabis extracts)
- CNDT +3.1% (Darwin Deason discloses 5.8% stake)
Analyst comments:
- ZUO +4% (upgraded to Strong Buy at Needham)
- PSX +0.8% (upgraded to Buy at Jefferies)
- SNV +0.6% (upgraded to Outperform from Neutral at Robert W. Baird)
Gapping down
In reaction to disappointing earnings/guidance:
- REVG -18.5%, ATU -10%, PIR -9.9%, CAG -5.5%, LMNR -5%, ACN -2.5%, WBA -2.1%, SAFM -1.5%, .
Select oil/gas related names showing weakness with oil down 3%:
- MRO -2.53% SWN -2.23% WLL -1.80% CVE -1.73% OXY -1.51% OAS -1.33% MPLX -1.25% CRZO -1.21% PXD -1.18%
Other news:
- DBVT -45.9% (withdraws BLA for Viaskin Peanut following discussions with FDA regarding insufficient data)
- ADMA -43% (provides BIVIGAM PAS Submissions update -- FDA issued Complete Response Letter for Prior Approval Supplement drug substance, approves PAS for drug product),
- SPPI -34.9% (FDA did not grant Breakthrough Therapy Designation to poziotinib)
- GTHX -27.1% (top-line results from randomized phase 2 Trial of Trilaciclib showing multi-lineage myelopreservation benefits in 2nd-/3rd-line small cell lung cancer)
- MNKD -17.2% (sold 26.7M stock/warrants at $1.50/share)
Analyst comments:
- EB -1.9% (downgraded to Hold at Stifel)
Retailer Casino switches on data centres in new revenue search - Reuters News
20-Dec-2018 14:01:37
Latest step in Casino's efforts to diversify revenues
First data centre to start operations in Q1 2019
Casino also making headway in asset disposal plan
Shares still down nearly 30 pct in 2018
PARIS, Dec 20 (Reuters) - Casino CASP.PA has signed a deal to install data centres in its warehouses and storerooms in the debt-laden French supermarket retailer's latest effort to diversify its revenue.
The new data centres, which will generate revenue for Casino through the rental of the space and by the sale of power needed to run them, will be operated by ScaleMax, a company jointly owned by software firm Qarnot Computing and Casino.
The global market for data centres, energy hungry facilities which house networks of computers that businesses use to process and store large amounts of data, is dominated by Amazon, Microsoft and Google and is worth some $38 billion euros and is expected to reach $46 billion by 2023, Qarnot said.
Casino, which is already making money from its data and sells power via its GreenYellow and Cdiscount Energie units, is under pressure from investors to reduce its debt levels.
There are also plans to re-use the heat from the servers to heat the buildings housing the data centres and thereby save money, the French supermarket retailer said in a statement.
"We do not communicate on targeted revenue but we can say this is a profitable business," a Casino spokeswoman said.
The first data centre will start operating in the first quarter of 2019 and some 20 more sites are expected to be fitted out by 2023.
Martin Calmels, who heads the innovation arm of Casino, said the Qarnot partnership would help make better use of its warehouses and increase its presence in the energy market.
Casino has been making progress with plans to sell assets in order to cut debts and ease concerns over the financial position of both Casino and its parent holding company Rallye GENC.PA.
It has already sold 1.1 billion euros ($1.3 billion) worth of assets and in October said it could exceed its 1.5 billion euros disposal goal, earmarked for early 2019.
Casino is also looking to sell some 20 loss-making hypermarkets as well as some supermarkets stores, in a bid to erase some 100 million of losses.
Shares in Casino were flat in mid-session trading but the stock is still down by around 30 percent so far in 2018.