WSJ : Laser Beam Attacks Bedevil U.S. Military Pilots in Mideast

Laser Beam Attacks Bedevil U.S. Military Pilots in Mideast
Lasing is a growing and dangerous problem, officials say

WASHINGTON—Hostile forces in the Middle East are targeting American pilots with laser pointers at a growing rate, imperiling aircrews and reflecting a problem more widespread and longstanding than the Pentagon has previously acknowledged.

American pilots operating in Syria, Iraq and Afghanistan, the three most prominent conflict zones for American troops, experienced most of the more than 350 lasing incidents reported over the last seven months by aircrews operating across the Middle East, officials at U.S. Air Forces Central Command in Qatar said.

That is a significant increase from the approximately 400 lasing incidents reported for the region during all of 2017, according to officials, and marks an upswing after a decline in recent years.

Lasing attacks appear to be an easy way for enemy combatants to harass and try to distract military pilots, both in planes and helicopters.

The rate of lasing incidents so far this year is on track to top the roughly 600 incidents reported in 2016 and match 2015, when there were a total of about 700 incidents in the Middle East, according to officials. The numbers of lasing incidents had not been previously disclosed.

The Pentagon earlier this year acknowledged a spate of attacks in two other regions. Several incidents occurred in and around an American base in Djibouti in east Africa, where laser beams appeared to come from a nearby Chinese base. A handful of incidents took place in the East China Sea, where U.S. pilots were hit by laser beams that may have come from Chinese personnel or from fishermen operating in the area, according to U.S. military officials. China has denied involvement in the incidents.

Those incidents accounted for comparatively fewer attacks than in the Middle East. The number of incidents may be related to the frequency of U.S. military aircraft operations, officials said. Flight operations against Islamic State in Iraq and Syria and against the Taliban in Afghanistan have grown more intense in recent years.

Hostile forces typically point small, hand-held lasers at pilots in flight, especially during landings when they are most visible from the ground, in an attempt to distract them, officials said. Such lasing could result in an accident, though officials said there haven’t been any mishaps as a result of lasing. It is unknown how coordinated or organized the attacks are: officials declined to discuss specific details about the perpetrators.

The attacks against military crews have resulted in minor injuries, including short-term vision impairment and headaches, military officials said. Officials said they were not aware of any permanent injuries resulting from the attacks, most of which occurred near major population centers or military air bases in Iraq, Syria and Afghanistan.

“Lasing attacks are dangerous and have the potential to confuse, temporarily interfere with the vision of our aircrew, or to permanently damage the eyesight of our service members,” said Capt. Bill Urban, a U.S. Central Command spokesman, in an email. Central Command is responsible for U.S. military operations in the Middle East.

In many cases, American aircrews take off and land aircraft in places that aren’t accessible to enemy forces, but lasers are a relatively cheap and available weapon used to harass aircrews from afar, even thousands of feet away, officials said.

“It is exceedingly difficult to pinpoint the origin of a short laser engagement, so we can’t definitively source most laser attacks,” Capt. Urban said. “We assess that many likely come from insurgents and terrorist organizations like [Islamic State], al Qaeda and others.”

Lasing attacks have long been a nuisance for commercial pilots.

The Federal Aviation Administration reports thousands of lasing incidents each year, which can range from individuals using small “cat lasers,” or in some cases, more powerful “military grade” lasers.

The FAA reported more than 2,800 lasing incidents in the first six months of 2018, about on par with the more than 2,700 reported incidents between January and June 2017.

Since 2004, there have been at least 55,000 lasing incidents reported by civilian pilots including in the U.S., United Kingdom, Australia, Italy and Canada, said Patrick Murphy, a laser expert and editor of laserpointersafety.com, an educational site that tracks the misuse of consumer-type lasers.

Of those, he said, “there are no documented or proven cases of permanent case of eye injury,” Mr. Murphy said.

But aiming lasers at pilots raises a number of concerns, including “flash blindness,” which can be produced by a small, hand-held laser as far away as a mile, Mr. Murphy said. Lasers can also cause pilots to experience vision-blocking glare up to 5 miles away, he said. The bigger worry is about distraction, targeting an aircrew as it attempts to land a plane.


Laser pointers range widely in power and capability. They include “cat lasers,” marketed primarily for digital presentations and playing with pets, which nonetheless can be used as a visual distraction up to 2 miles away. Larger hand-held lasers, known as “class four” devices, are more powerful and are capable of causing eye damage or even skin burns if used at very close range.

The most damaging laser pointers are green, because the eye sees the color green as the brightest, Mr. Murphy said.

Military officials avoid discussing what they are doing to mitigate against lasing attacks. Mr. Murphy said one of the main things pilots can do is get educated about attacks by lasers, including using them inside flight simulators.

Pilots can train to manage laser attacks, and can use laser glare-protection glasses that can diminish the lasers as a distraction. Commercial firms also offer glare-resistant screens that may help reduce the effects of a laser beam.

>>> Keystone Foods to be acquired by Tyson Foods for USD 2.5bn - report (transla

Keystone Foods to be acquired by Tyson Foods for USD 2.5bn - report (translated)
17 AUG 2018
Marfrig [BVMF:MRFG3], a Brazilian food company, has reached an agreement to sell West Chester, Pennsylvania-based meat supplier Keystone Foods to Springdale, Arkansas-based Tyson Foods [TSN:NYSE] for USD 2.5bn, Brazilian newspaper, Valor Economico reported without citing sources.
As part of the agreement, Marfrig will remain with only one hamburger factory of Keystone in the US, the Portuguese-language article noted.
Marfrig was expecting to raise USD 3bn with the sale, but with the drop in poultry prices in the US, the deal value was set at USD 2.5bn, the article explained. No further information was provided.
The Brazilian company retained JPMorgan Chase & Co. to handle the transaction, as reported.

>>> Moody’s says road closure impact likely manageable for Autostrade after brid

Moody’s says road closure impact likely manageable for Autostrade after bridge collapse

Credit rating agency Moody’s said that the impact of the road closure is “likely to be manageable for ASPI”, after on 14 August an 80-metre section of the Morandi bridge on the A10 motorway, managed by Autostrade per l’Italia S.p.A. (ASPI), came down in an industrial area of Genoa, in Italy.

“The immediate negative financial impact of the road closure in terms of loss of revenues is likely to be manageable for ASPI, the concession holder, given that traffic on the whole A10 road managed by the company represents less than 2% of ASPI’s overall traffic” the agency said in a statement.

“The rating agency notes that the loss of earnings is expected to be covered by the company’s business interruption insurance” they said.

The collapse took place during a sudden and violent storm, sending around 30 vehicles crashing down some 45 metres on to a riverbed.

The incident has so far caused 38 fatalities, with authorities believing the death toll is likely to increase. A section of the A10 motorway remains closed to traffic and is not expected to reopen in the short term.

WSJ : The Case for Stock-Picking

The Case for Stock-Picking
Few do it anymore, but there is still value in engaging with a company the old-fashioned way

For the second summer in a row, writers of the Heard on the Street, The Wall Street Journal’s business and financial analysis column, are slapping “buy” or “sell” ratings on stocks. It is an exercise that is in keeping with the Heard’s long history of taking a stand on issues that matter for investors, but it also runs up against a giant caveat: Not many people are good at picking stocks, and their successes are a result of luck more than anything else.
Heard on the Street Summertime Stock Picks Leaderboard
STOCK WRITER POSITION RETURN
BMW Wilmot Buy -2.3%
AMD Gallagher Buy -100.0%
Skechers Jakab Buy -100.0%
It is a caveat that investors have embraced. Fewer people directly own stocks than before, and individual investors have spent the past 25 years steadily moving money out of actively managed mutual funds toward index funds and other so-called passive investments. And at the Heard on the Street, we think that makes sense—recently we even revived a long-running contest in the Journal: We threw darts at newspaper stock listings to compete against the picks proffered by superstar hedge fund managers at the annual Sohn Conference. So far, the darts are winning.
But there still is such a thing as skill in the stock market—some people really are better at picking stocks than others. And at a time when more money is getting managed passively, and when many of the remaining active investors are less focused on analyzing individual companies than on identifying quantitative factors they think will give them an edge, maybe it is time to reassess the value of stock picking.

Warren Buffett pointed to the existence of skill in a speech in 1984. In a now famous example that involved the hypothetical coin-flipping of 225 million orangutans, he noted that chance dictated that some small portion—about 215 orangutans—would randomly be able to call a coin toss correctly 20 times in a row. However, if 40 of those orangutans all came from the same zoo in Omaha, you might think there was more than chance at work. Similarly, he noted, a significant number of very successful investors followed the principle of his mentor Ben Graham in finding discrepancies between stocks’ prices and their underlying value.
Aggressively PassiveShare of combined assets of domestic stock mutual funds and ETFsSource: Investment Company Institute
%Actively managedmutual fundsIndex funds and ETFs1994’96’982000’02’04’06’08’10’12’14’160102030405060708090100
Academic research conducted since then suggests that there is a sliver of mutual-fund managers who have real skill—though investors in those funds often don’t benefit, since the returns from that skill get eaten up in fees. Part of the problem professional investors face is that they are so big that they can’t beat the market because they are the market.
Today though, the phrase may be they were the market. At the end of last year, active mutual funds accounted for 56% of the combined assets of domestic stock mutual funds and ETFs, according to the Investment Company Institute. That compared with 92% in 1997. Then there are all the active managers who, fearful of erring and underperforming, focus on the big companies that dominate the S&P 500 while paying scant attention to the smaller names in the index. That may have given rise to more value mismatches that could be uncovered with old-fashioned analysis.
Especially when the stock market seems particularly top heavy, with massive companies like Apple, Amazon and Microsoft dominating the S&P 500. The top 100 stocks by market value at the year’s start have accounted for about three quarters of the index’s 7% return so far in 2018, far more than last year. The bottom 100’s contribution is a rounding error. Growth stocks in the S&P 500 like the tech giants are up 11% while value stocks are down slightly, continuing a split that has gone on for years.
Stock picking may also be valuable for reasons other than the potential returns. Engaging with a company, trying to understand what makes it tick, digging into its financial statements and trying to figure out if its value is reflected in its stock price is an exercise that can pay dividends elsewhere. Besides, it’s fun—and if you turn out to be right you have something to crow over.
And what of the Heard on the Street’s stock-picking ability? Like most people, we believe we are better than average—but we have also been watching the stock market long enough that the idea of anybody blindly following our advice makes us queasy. Rather, we hope our stock picks, and, more importantly, the arguments we back them up with, provide a little fresh insight into how the market works, and give you something to think about.

>>> AMD; NVIDIA pares losses premarket as crypto was culprit for weak

NVIDIA pares losses premarket as crypto was culprit for weak guidance; analysts upbeat on Turing product cycle: Color on Quarter (257.44)

  • Oppenheimer upgrades to Outperform with $310 tgt. They see significant pent-up demand for Turing and believe estimates have reset for upside as volumes ramp. Shares could see near-term weakness following softer guidance, particularly after a strong run the past 2-3 years. With three solid, structural growth drivers in DC AI, gaming and autonomous, they see continued outsized growth.
  • Cowen lowers their NVDA tgt to $320 from $325. The transitional quarter they expected appears a bit sharper than feared, with a zero-ing of crypto and gaming channel management impacting guidance as tables are set for the Turing gaming launch. Their run-rate earnings power and thesis are 100% unchanged. With expectations reset, they see a very favorable set up and would be buyers. Maintain top pick, PT to $320 as estimates go slightly lower NT.
  • Stifel raises tgt to $250 from $243 after Nvidia turned in a slight beat to July quarter estimates but weaker than expected demand for GPUs used for crypto-currency mining led to a miss versus October ending quarter estimates. Given this current semiconductor ‘peak cycle' environment, the market will not accept a miss to estimates for any reason. Meanwhile, they are impressed with Nvidia's new Turing GPU architecture and real-time ray tracing feature.
  • Needham notes NVDA guided Oct. sales ~2% below the Street primarily due to a steep decline in cryptocurrency. Every other segment was up sequentially and year-over-year and hit record levels. In other words, 96% of the revenue grew on average 52% Y/Y in July qrt and they forecast will grow 23% Y/Y in Oct. qrt. They believe crypto is a side show for NVDA and the bigger picture is the underlying trend towards AI / machine learning whereby GPU-based parallel computing is technologically superior than existing processors. They believe the new Turing architecture is a transformational shift in addressing the visual market.
  • B. Riley FBR notes NVDA's F2Q19 print surprised higher and while F3Q19's sales guide was $75M lower, quality was higher than it appeared as both quarters absorbed an $80M+ crypto undershoot to their forecast. Indeed, in F2Q all four Platform groups exceeded our forecasts, while their F3Q19 and F4Q19 Platform Group modeling is largely retained. Shares were off AMC, tracking to fears of a sell-the-news reaction following healthy +32% YTD gains, though in their view current entry opportunities remain very attractive. New sub-seasonal F3Q&4Q modeling looks conservative into a transformative product release within multiple Platform Groups. Their estimates fine tune, with F19-21 EPS easing $0.04, $0.15 and $0.10 to $8.06, $8.95 and $11.25, respectively but they retain a $300 price target and Buy rating on the catalyst rich shares they believe are compelling for growth investors.
  • Jefferies and Wells Fargo defended the stock
  • JPMorgan tgt to $265 from $255; Neutral
  • NVDA -2.2% premarket; AMD -0.5%

NYT : Elon Musk, Amid Tesla Furor, Tells of ‘Most Difficult’ Year

Elon Musk, Amid Tesla Furor, Tells of ‘Most Difficult’ Year
Image
Elon Musk, the chairman and chief executive of the electric-car maker Tesla. “This past year has been the most difficult and painful year of my career,” he said.CreditNoah Berger/Bloomberg
Elon Musk was at home in Los Angeles, struggling to maintain his composure. “This past year has been the most difficult and painful year of my career,” he said. “It was excruciating.”
The year has only gotten more intense for Mr. Musk, the chairman and chief executive of the electric-car maker Tesla, since he abruptly declared on Twitter last week that he hoped to convert the publicly traded company into a private one. The episode kicked off a furor in the markets and within Tesla itself, and he acknowledged on Thursday that he was fraying.
At multiple points in an hourlong telephone interview with The New York Times, he choked up, noting that he nearly missed his brother’s wedding this summer and spent his birthday holed up in Tesla’s offices as the company raced to meet elusive production targets on a crucial new model.
Asked if the exhaustion was taking a toll on his physical health, Mr. Musk answered: “It’s not been great, actually. I’ve had friends come by who are really concerned.”
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The events set in motion by Mr. Musk’s tweet have ignited a federal investigation and have angered some board members, according to people familiar with the matter. Efforts are underway to find a No. 2 executive to help take some of the pressure off Mr. Musk, people briefed on the search said. And some board members have expressed concern not only about Mr. Musk’s workload but also about his use of Ambien, two people familiar with the board said.
For two decades, Mr. Musk has been one of Silicon Valley’s most brash and ambitious entrepreneurs, helping to found several influential technology companies. He has often carried himself with bravado, dismissing critics and relishing the spotlight that has come with his success and fortune. But in the interview, he demonstrated an extraordinary level of self-reflection and vulnerability, acknowledging that his myriad executive responsibilities are taking a steep personal toll.
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Mr. Musk declared on Twitter last week that he hoped to convert the publicly traded company into a private one. Tesla’s shares soared afterward.CreditDavid Paul Morris/Bloomberg
In the interview, Mr. Musk provided a detailed timeline of the events leading up to the Twitter postings on Aug. 7 in which he said he was considering taking the company private at $420 a share. He asserted that he had “funding secured” for such a deal — a transaction likely to be worth well over $10 billion.

That morning, Mr. Musk woke up at home with his girlfriend, the musician known as Grimes, and had an early workout. Then he got in a Tesla Model S and drove himself to the airport. En route, Mr. Musk typed his fateful message.
Elon Musk

✔@elonmusk

Am considering taking Tesla private at $420. Funding secured.

Mr. Musk has said he saw the tweet as an attempt at transparency. He acknowledged Thursday that no one had seen or reviewed it before he posted it.
Tesla’s shares soared. Investors, analysts and journalists puzzled over the tweet — published in the middle of the day’s official market trading, an unusual time to release major news — including the price Mr. Musk cited. He said in the interview that he wanted to offer a roughly 20 percent premium over where the stock had been recently trading, which would have been about $419. He decided to round up to $420 — a number that has become code for marijuana in counterculture lore.
“It seemed like better karma at $420 than at $419,” he said in the interview. “But I was not on weed, to be clear. Weed is not helpful for productivity. There’s a reason for the word ‘stoned.’ You just sit there like a stone on weed.”
Mr. Musk reached the airport and flew on a private plane to Nevada, where he spent the day visiting a Tesla battery plant known as the Gigafactory, including time meeting with managers and working on an assembly line. That evening, he flew to the San Francisco Bay Area, where he held Tesla meetings late into the night.
What Mr. Musk meant by “funding secured” has become an important question. Those two words helped propel Tesla’s shares higher.
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The Model 3 assembly line at Tesla’s factory in Fremont, Calif. The company has been racing to meet production targets on the new model.CreditJustin Kaneps for The New York Times

But that funding, it turned out, was far from secure.
Mr. Musk has said he was referring to a potential investment by Saudi Arabia’s government investment fund. Mr. Musk had extensive talks with representatives of the $250 billion fund about possibly financing a transaction to take Tesla private — maybe even in a manner that would have resulted in the Saudis’ owning most of the company. One of those sessions took place on July 31 at the Tesla factory in the Bay Area, according to a person familiar with the meeting. But the Saudi fund had not committed to provide any cash, two people briefed on the discussions said.
Another possibility under consideration is that SpaceX, Mr. Musk’s rocket company, would help bankroll the Tesla privatization and would take an ownership stake in the carmaker, according to people familiar with the matter.
Mr. Musk’s tweet kicked off a chain reaction.
An hour and 20 minutes after the tweet, with Tesla’s shares up 7 percent, the Nasdaq stock exchange halted trading, and Tesla published a letter to employees from Mr. Musk explaining the rationale for possibly taking the company private. When the shares resumed trading, they continued their climb, ending the day with an 11 percent gain.
The next day, investigators in the San Francisco office of the Securities and Exchange Commission asked Tesla for explanations. Ordinarily, such material information about a public company’s plans is laid out in detail after extensive internal preparation and issued through official channels. Board members, blindsided by the chief executive’s market-moving statement, were angry that they had not been briefed, two people familiar with the matter said. They scrambled to cobble together a public statement trying to defuse a mounting uproar over the seemingly haphazard communication.
Mr. Musk said in the interview that board members had not complained to him about his tweet. “I don’t recall getting any communications from the board at all,” he said. “I definitely did not get calls from irate directors.”
But shortly after the Times published its interview with Mr. Musk, he added through a Tesla spokeswoman that Antonio Gracias, Tesla’s lead independent director, had indeed contacted him to discuss the Aug. 7 Twitter post, and that he had agreed not to tweet again about the possible privatization deal unless he had discussed it with the board.
In the interview, Mr. Musk added that he did not regret his Twitter post — “Why would I?” — and said he had no plans to stop using the social media platform. Some board members, however, have recently told Mr. Musk that he should lay off Twitter and focus on making cars and launching rockets, according to people familiar with the matter.

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The launch of the SpaceX Falcon Heavy rocket at Kennedy Space Center in February. SpaceX, Mr. Musk’s rocket company, is said to be a possible source of funding for the Tesla privatization.CreditJoe Burbank/Orlando Sentinel, via Associated Press
The S.E.C. investigation appears to be intensifying rapidly. Just days after the agency’s request for information, Tesla’s board and Mr. Musk received S.E.C. subpoenas, according to a person familiar with the matter. Board members and Mr. Musk are preparing to meet with S.E.C. officials as soon as next week, the person said.
In the interview on Thursday, Mr. Musk alternated between laughter and tears.
He said he had been working up to 120 hours a week recently — echoing the reason he cited in a recent public apology to an analyst whom he had berated. In the interview, Mr. Musk said he had not taken time off of more than a week since 2001, when he was bedridden with malaria.
“There were times when I didn’t leave the factory for three or four days — days when I didn’t go outside,” he said. “This has really come at the expense of seeing my kids. And seeing friends.”
Mr. Musk stopped talking, seemingly overcome by emotion.
He turned 47 on June 28, and he said he spent the full 24 hours of his birthday at work. “All night — no friends, nothing,” he said, struggling to get the words out.
Two days later, he was scheduled to be the best man at the wedding of his brother, Kimbal, in Catalonia. Mr. Musk said he flew directly there from the factory, arriving just two hours before the ceremony. Immediately afterward, he got back on the plane and returned straight to Tesla headquarters, where work on the mass-market Model 3 has been all consuming.
Mr. Musk paused again.
“I thought the worst of it was over — I thought it was,” he said. “The worst is over from a Tesla operational standpoint.” He continued: “But from a personal pain standpoint, the worst is yet to come.”

He blamed short-sellers — investors who bet that Tesla’s shares will lose value — for much of his stress. He said he was bracing for “at least a few months of extreme torture from the short-sellers, who are desperately pushing a narrative that will possibly result in Tesla’s destruction.”
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Mr. Musk said he had been working up to 120 hours a week recently. “There were times when I didn’t leave the factory for three or four days — days when I didn’t go outside,” he said.CreditJoshua Lott/Getty Images
Referring to the short-sellers, he added: “They’re not dumb guys, but they’re not supersmart. They’re O.K. They’re smartish.”
Mr. Musk’s tweets on Aug. 7 were the most recent of several flare-ups that had drawn scrutiny. He wrangled with short-sellers and belittled analysts for asking “boring, bonehead” questions. And after sending a team of engineers from one of his companies to help rescue members of a stranded soccer team, he lashed out at a cave diver who was dismissive of the gesture, deriding him on Twitter as a “pedo guy,” or pedophile.
To help sleep when he is not working, Mr. Musk said he sometimes takes Ambien. “It is often a choice of no sleep or Ambien,” he said.
But this has worried some board members, who have noted that sometimes the drug does not put Mr. Musk to sleep but instead contributes to late-night Twitter sessions, according to a person familiar with the board’s thinking. Some board members are also aware that Mr. Musk has on occasion used recreational drugs, according to people familiar with the matter.
Tesla executives have been trying for years to recruit a chief operating officer or other No. 2 executive to assume some of Mr. Musk’s day-to-day responsibilities, according to people familiar with the matter. A couple of years ago, Mr. Musk said, the company approached Sheryl Sandberg, who is Facebook’s second-highest executive, about the job.

Mr. Musk said that “to the best of my knowledge,” there is “no active search right now.” But people familiar with the matter said a search is underway, and one person said it had intensified in the wake of Mr. Musk’s tweets.
In response to questions for this article, Tesla provided a statement that it attributed to its board, excluding Elon Musk. “There have been many false and irresponsible rumors in the press about the discussions of the Tesla board,” the statement said. “We would like to make clear that Elon’s commitment and dedication to Tesla is obvious. Over the past 15 years, Elon’s leadership of the Tesla team has caused Tesla to grow from a small start-up to having hundreds of thousands of cars on the road that customers love, employing tens of thousands of people around the world, and creating significant shareholder value in the process.”
Mr. Musk said he had no plans to relinquish his dual roles as chairman and chief executive.
But, he added, “if you have anyone who can do a better job, please let me know. They can have the job. Is there someone who can do the job better? They can have the reins right now.”

>>> Zoe's Kitchen to be acquired by privately held Cava Group for $12.75/share i

Zoe's Kitchen to be acquired by privately held Cava Group for $12.75/share in cash (shares halted) (9.56) --> +33.37% vs yest close
Under the terms of the agreement, Zoës Kitchen shareholders will receive $12.75 in cash for each share of common stock they hold. This represents a premium of approximately 33% to Zoës Kitchen's closing share price on August 16, 2018 and a premium of approximately 33% to Zoës Kitchen 30-day volume weighted average price ended on August 16, 2018, and an enterprise value of approximately $300 million. The acquisition of Zoës Kitchen will be financed through a significant equity investment in CAVA led by Act III Holdings, the investment vehicle created by Ron Shaich, founder, chairman, and former CEO of Panera Bread, and funds advised by The Invus Group, with participation from existing investors SWaN & Legend Venture Partners and Revolution Growth.
  • Under the terms of the merger agreement, the Company is permitted to actively solicit, for a 35-day period, alternative acquisition proposals from potential buyer and business combination candidates.

>>> US Gapping down


Gapping down
In reaction to disappointing earnings/guidance
:

  • VNET -6.3%, ATGE -6.1%, DE -4.4%, AMAT -4.1%, NVDA -3.4%

Other news:

  • ZN -42.7% (confirms active petroleum system in Megiddo-Jezreel well in Israel, however said not commercially successful)
  • AMRS -13.1% (launches approx 7.4 mln share secondary offering by certain selling stockholders)
  • ATAI -6.6% (ATA Inc to acquire Beijing Biztour International Travel Service for RMB50.0 mln; Board declared special cash dividend)
  • ZOES -5.6% (postponed Q2 release - shares halted)
  • AVEO -4.9% (to offer and sell shares of its common stock in an undisclosed underwritten public offering)
  • VCEL -1.7% (files for $200 mln mixed securities shelf offering)

Analyst comments:

  • DF -7.1% (downgraded to Underweight from Neutral at JP Morgan)
  • DSW -3.4% (downgraded to Negative from Neutral at Susquehanna)
  • NTNX -3.1% (downgraded to Hold from Buy at Jefferies)
  • WAB -0.8% (downgraded to Sector Weight from Overweight at KeyBanc Capital Mkts)
  • HLT -0.7% (downgraded to Mkt Perform from Outperform at Bernstein)