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    20:45:23 PM 02/26/2021
    Summary :
    Average return is up 6.1%
    Median return is up 8.8%
    3 out of 4 stocks are up (limited to those with intraday pricing feeds).
    Today News :
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    20:44:54 PM 02/26/2021
    Summary :
    Average return is up 6.1%
    Median return is up 5.7%
    3 out of 4 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    Visit detail analyses
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    20:45:20 PM 02/26/2021
    Summary :
    Average return is up 4.5%
    Median return is up 3.4%
    3 out of 3 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    15:00:00 PM 02/26/2021FUN
    Does SeaWorld Stock Deserve to Be Trading at All-Time Highs?
    One of the more surprising names hitting all-time highs on Thursday when most stocks were retreating was SeaWorld Entertainment (NYSE: SEAS). The operator of namesake theme parks as well as Busch Gardens, Sesame Place, and a handful of water parks moved higher after serving up better-than-expected financial results. Topping expectations is always a good look, but is SeaWorld really more valuable now than it's been at any point in time since going public nearly eight years ago?
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    20:45:37 PM 02/26/2021
    Summary :
    Average return is up 3.9%
    Median return is up 5.4%
    8 out of 10 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    20:17:00 PM 02/26/2021DKNG
    Why DraftKings Stock Popped Today
    Shares of DraftKings (NASDAQ: DKNG) rose on Friday, following the release of its fourth-quarter results. DraftKings' revenue soared 146% year over year to $322 million. The gains were fueled by a 44% surge in monthly unique paying customers, to an average of 1.5 million, and a 55% jump in average revenue per payer.
    19:12:13 PM 02/26/2021DKNG
    DraftKings Stock: Is It A Buy Right Now After Jumping On Q4 Earnings?
    DraftKings is one of the top IPO stocks to watch, as gambling legalization gains steam. Here is what the fundamentals and technical analysis say about buying DKNG stock now.
    18:06:18 PM 02/26/2021DKNG
    DraftKings Gains on Higher 2021 Forecast, Strong Revenue
    (Bloomberg) -- DraftKings Inc. gained as much as 8.4% Friday after boosting its revenue expectations for the year, another signal that sports betting isn’t slowing down.The online gambling company expects $900 million to $1 billion in revenue for 2021, up from $750 million to $850 million. The raised guidance topped Wall Street expectations for $863 million and implies 40% to 55% growth compared with the year prior.Boston-based DraftKings said the guidance assumes that all announced professional and college sports calendars go forward as planned. Major events ahead include college basketball’s March Madness and conference tournaments as well as the NBA and NHL playoffs.“Monthly unique players being up almost 50% is really incredible,” Jason Ader, chief executive officer of SpringOwl Asset Management, said by telephone. “The numbers are exceeding expectations and the total addressable market is growing, so it’s exciting.”DraftKings CEO Jason Robins said in an interview that a lot of external factors went favorably for the company, including a higher win percentage from customers, the extension of mobile-player registrations in Illinois and the introduction of sports betting in Tennessee, which ended up being one of the best initial launches the company has had.He said the pandemic, which has left many people stuck at home without their usual array of entertainment options, is also a factor.“All online businesses, whether it’s us or Amazon, are seeing some tailwind because people are home and they’re not distracted by other things,” Robins said.DraftKings reported a 44% increase in monthly unique players, to 1.5 million, as a rise in states offering legal gambling drew new users. The growth in monthly players, which beat the highest analyst forecast of 1.45 million, was in part fueled by growth for traditional online gambling, mobile sports betting and daily fantasy sports users.DraftKings’ stock was up 7.4% to $62.06 at 12:59 p.m. in New York. The shares had climbed 230% since the April debut through Thursday’s close, outperforming the S&P 500’s 37% gain.Fourth-quarter revenue of $322 million beat the consensus analyst estimate of $233 million, as compiled by Bloomberg. That’s the third time the company has topped revenue expectations since it went public via a reverse merger in April.“We are raising our revenue outlook for 2021 due to our expectation for continued growth, the outperformance of our core business and newly launched states that were not included in our previous guidance,” Robins said in a statement.(Updates with CEO comments from fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
    16:06:11 PM 02/26/2021DKNG
    DraftKings Shares Climb After Company Posts Strong Q4 Results, Lifts 2021 Guidance In Show Of Sports Faith
    Despite shakiness in the overall sports economy, with declining TV ratings and event revenue due to Covid-19, DraftKings is wagering on the continued health of the sports betting business. The online gaming firm reported fourth-quarter results ahead of Wall Street forecasts, with revenue of $322 million and a loss of 24 cents per share on […]
    15:34:37 PM 02/26/2021DKNG
    DraftKings Rallies On Soaring Revenue, 2021 Guidance As Online Sports Betting Booms
    Sports betting specialist DraftKings raised its 2021 outlook after reporting mixed fourth-quarter results Friday.
    14:44:00 PM 02/26/2021DKNG
    ‘Things broke our way’ — DraftKings stock jumps amid revenue increase, wider losses
    Shares of sports betting company DraftKings (DKNG) increased as much as 7.7% in Friday’s premarket trading after the company reported record revenue during its 2020 fourth quarter earnings call. DraftKings reported revenue of $322 million, an increase of 146% compared with $131 million during the same period in 2019. DraftKings losses widened for the fourth quarter, posting a net loss of $266.4 million, compared with $29.15 million during the fourth quarter of 2019.
    14:09:00 PM 02/26/2021DKNG
    DraftKings Is More Upbeat on the Outlook. Wall Street Loves It.
    (DKNG) on Friday reported a larger fourth-quarter net loss than anticipated, but the sports-betting firm’s sales crushed expectations. The stock was rising in premarket trading. The online-betting firm (ticker: DKNG) reported fourth-quarter sales of $322 million, more than one-third above the Wall Street consensus estimate for sales of $233.2 million.
    14:00:49 PM 02/26/2021DKNG
    Sports Betting Operator DraftKings Posts Q4 Beat, Raises 2021 Guidance After More State Launches: What Investors Should Know
    Sports betting and iGaming company DraftKings reported fourth-quarter and full fiscal year earnings before the market open Friday. What Happened: DraftKings Inc's (NASDAQ: DKNG) fourth-quarter revenue totaled $322 million, representing a 146% year-over-year increase and beating the Street consensus estimate of $233 million. DraftKings has 1.5 million monthly unique payers in the fourth quarter, a 44% year-over-year increase. Full year monthly unique payers were up 29% year-over-year. Average revenue per monthly unique payer was $65 in the fourth quarter, up 55% year-over-year. DraftKings launched in Tennessee in the fourth quarter. The state saw the best two month results for a new sports betting state, with over $300 million in handle. Related Link: DraftKings Could Beat Revenue Estimates By 25% Over Next 5 Years: Morgan Stanley What’s Next: DraftKings raised its full-year guidance and said it sees fiscal 2021 revenue coming in a range of $900 million to $1 billion. The previous guidance from the company was $750 million to $850 million. View more earnings on DKNG The new guidance represents a year-over-year revenue increase of 40% to 55% for the full fiscal year. The guidance was raised due to the strength seen in the fourth quarter and additional state launches. “We are raising our revenue outlook for 2021 due to our expectation for continued growth, the outperformance of our core business and newly launched states that were not included in our previous guidance,” DraftKings CEO Jason Robins said in a statement. DraftKings launched in Michigan and Virginia in the first quarter of fiscal 2021. This represents 6% of the U.S. population. DraftKings is now live in 12 states, covering 25% of the U.S. population. The company is in more states than any other online sports betting peer. Benzinga’s Take: The strong fourth-quarter results from DraftKings could send other sports betting stocks higher. Investors could look to Penn National Gaming (NASDAQ: PENN), FanDuel (OTC: PDYPY) and MGM Resorts International (NYSE: MGM). DraftKings came in second place with a 24.5% market share in Michigan based on early results. The company has continued to be a strong performer in new state launches with strong brand awareness and partnerships. The company is a leader in the market with a presence for online sports betting in more states than any competitor. Even with that said, the company only has access to 25% of the U.S. population, which could show there is room for more growth ahead. DKNG Price Action: Shares of DraftKings were up 4.83% to $60.60 premarket Friday. The 52-week high for shares is $64.78. See more from BenzingaClick here for options trades from BenzingaFanDuel, DraftKings Take Early Lead In Michigan, But Here's How Barstool Could Be A Big WinnerCathie Wood Talks Tesla, Bitcoin, SPACs And More On CNBC: Here Are The Highlights© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
    12:53:00 PM 02/26/2021DKNG
    5 Top Stock Gainers for Friday: Etsy, Airbnb, DraftKings
    Etsy, Airbnb, WW International, DraftKings and Caesars Entertainment are five top stock gainers for Friday.
    12:00:00 PM 02/26/2021DKNG
    DraftKings Reports Fourth Quarter and Full-Year 2020 Results and Raises 2021 Revenue Guidance
    Reports Fourth Quarter Revenue of $322 million; Increases 2021 Revenue Guidance to $900 million to $1 billionBOSTON, Feb. 26, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today reported fourth quarter and full-year 2020 financial results. Fourth Quarter 2020 Highlights For the three months ended December 31, 2020, DraftKings reported revenue of $322 million, an increase of 146% compared to $131 million during the same period in 2019. After giving pro forma effect to the business combination with SBTech (Global) Limited (“SBTech”) and Diamond Eagle Acquisition Corp. which was completed on April 23, 2020, as if it had occurred on January 1, 2019, revenue grew 98% compared to the three months ended December 31, 2019. “With a favorable fourth quarter sports calendar and strong marketing execution, DraftKings was able to generate tremendous customer acquisition and engagement that propelled us to $322 million in fourth quarter revenue, a 98% year over year increase,” said Jason Robins, DraftKings’ co-founder, CEO and Chairman of the Board. “In the fourth quarter of 2020, we saw MUPs increase 44% to 1.5 million and ARPMUP increase 55% to $65. We are raising our revenue outlook for 2021 due to our expectation for continued growth, the outperformance of our core business and newly launched states that were not included in our previous guidance.” Favorable Sports Calendar and Strong Customer Engagement Drove Q4 Results Monthly Unique Payers (“MUPs”) for our B2C segment increased 44% compared to the fourth quarter of 2019. On average, 1.5 million monthly unique paying customers engaged with DraftKings each month during the fourth quarter. The increase reflects strong unique payer retention and acquisition across DFS, OSB and iGaming. For 2020, MUPs increased 29%, which includes the impact of COVID-19 on our MUPs for Sportsbook and DFS primarily during the second quarter and early in the third quarter.Average Revenue per MUP (“ARPMUP”) was $65 in the fourth quarter representing a 55% increase versus the same period in 2019. Our ARPMUP was positively impacted by increased engagement with our iGaming and mobile sports betting product offerings as well as successful cross-selling. For 2020, ARPMUP increased 29%. Increasing 2021 Revenue Guidance DraftKings is raising its fiscal year 2021 revenue guidance from a range of $750 million to $850 million to a range of $900 million to $1 billion, which equates to year-over-year growth of 40% to 55% and a 19% increase compared to the midpoint of our previous guidance.The increase reflects strong performance in the fourth quarter of 2020, substantial user activation due to the effectiveness of our 2020 marketing spend, and the launch of mobile sports betting and iGaming in Michigan and mobile sports betting in Virginia. This guidance also assumes that all professional and college sports calendars that have been announced come to fruition and that we continue to operate in states in which we are live today. Detailed financial data and other information for the fourth quarter and full-year 2020 is available in DraftKings’ Annual Report on Form 10-K, being filed today with the Securities and Exchange Commission (the “SEC”), as well as in a slide presentation that can be accessed through the “Investors” section of the Company’s website at investors.draftkings.com. DraftKings Grows Its Nation-Leading Mobile Sports Betting and iGaming Footprint DraftKings expanded its footprint to include mobile sports betting in Tennessee in the fourth quarter of 2020. In 2021, DraftKings launched mobile sports betting and iGaming in Michigan and mobile sports betting in Virginia. In November, DraftKings launched mobile sports betting in Tennessee. The state of Tennessee had the best two month launch in U.S. sports betting history with over $300 million in handle in its first two months of operation including 38% month-over-month growth in December.On January 1, 2021, DraftKings began mobile registration in Iowa according to state regulations. By 3PM ET on January 5, DraftKings registered more customers via mobile registration than through the entirety of 2020.Following successful launches in Michigan and Virginia in 2021 (combined these states represent 6% of the U.S. population), DraftKings is now live with mobile sports betting in 12 states, which is more than any other company in the industry. These 12 states together represent 25% of the U.S. population, a position that DraftKings has achieved less than three years after the Supreme Court struck down the Professional and Amateur Sports Protection Act of 1992.In 2021, 19 state legislatures have introduced legislation to legalize online sports betting, five state legislatures have introduced legislation to expand their existing sports wagering frameworks and one state legislature has introduced legislation to legalize sports betting limited to retail locations. In addition, four states have introduced iGaming legislation and two states have introduced online poker legislation. Commercial and Strategic Agreements DraftKings announced several advantageous commercial and strategic agreements in the fourth quarter that are expected to provide the Company with access to unique and valuable content, intellectual property and marketing assets, including: a multi-channel deal with the Mashantucket Pequot Tribal Nation and Foxwoods Resorts Casino, which would provide DraftKings with access for online sports betting ahead of the anticipated launch of legal sports betting in Connecticut, subject to necessary legislative and regulatory approvals. As part of the deal, DraftKings also became the official daily fantasy sports partner of Foxwoods Resort Casino;a multi-year agreement with Turner Sports, making DraftKings the exclusive sportsbook and daily fantasy sports provider across select Turner Sports and Bleacher Report properties, excluding NBA programming;an agreement with Triller which allowed DraftKings to be the “Official Sports Betting and Fantasy Sports Partner” of the boxing match between Mike Tyson and Roy Jones Jr.;a multi-year deal with the Philadelphia Eagles, making DraftKings the Official Daily Fantasy Sports Partner and Official Sports Betting Partner of the team;an exclusive, multi-year relationship with Bryson DeChambeau, who became the first active professional golfer to represent DraftKings via an integrated brand, content, marketing, and VIP centric collaboration;an agreement with the Detroit Pistons, making DraftKings the team’s exclusive Official Daily Fantasy Sports Partner, as well as an Official Sports Betting and Casino Partner;a multi-year deal with the Nashville Predators, making DraftKings the Official Daily Fantasy Sports Partner and an Official Sports Betting Partner of the team;the successful launch of a mobile and online iGaming and sportsbook platform for PalaceBet (PalaceBet.co.za) in South Africa, powered by DraftKings’ cutting-edge B2B sports betting and iGaming technology;the renewal and extension of our relationship with MansionBet, the Gibraltar-based sport betting brand of the Mansion Group, which will see DraftKings’ B2B technology continue to power the tier one operator’s sportsbook and casino platform; andan agreement with InComm Payments to launch an industry-first retail gift card. The launch enables consumers to gift the DraftKings experience to others in $25 and $50 denominations and expands our brand across retail locations nationwide. Product, Technology and Content DraftKings’ migration to SBTech continues to be on-track for completion by the end of third quarter of 2021. We also continued to invest in our products and create engaging content: maintained the highest DFS app store ratings for both iOS and Android as well as the highest iOS rating for Casino and Sportsbook. As of March 1, 2021, Google is expanding the number of countries where developers can publish licensed real money gaming apps to include the United States. DraftKings’ Sportsbook and Casino apps will be available to download for Android users via the Google Play Store;announced a multi-year agreement to become a primary sponsor of the Center for Gaming Innovation, housed within the International Gaming Institute (IGI) at the University of Nevada, Las Vegas (UNLV); anddeveloped an original concept show, B/R Drop Zone: DraftKings Big Game Prop Reveal, that provided football fans with an exclusive first glimpse at DraftKings’ proprietary Super Bowl prop bets in a new reveal show which streamed live on the Bleacher Report app. Environmental, Social and Governance Initiatives DraftKings raised and donated over $1.6 million to charity through a variety of ESG-related initiatives in 2020. Fourth quarter 2020 and first quarter 2021 highlights include: published our first ESG report on February 22, 2021 outlining our views on environmental, social and governance factors and highlighting those factors that are most relevant to our business;raised $113,000 to help fund breast cancer research in collaboration with the Larry Fitzgerald Foundation through the second-annual DraftKings Pink ‘Em initiative, a month-long philanthropic effort that featured four charity contests on each NFL Sunday in October. More than 385,000 DraftKings customers participated throughout Breast Cancer Awareness Month this season; raised $183,000 through charity DFS contests in support of the Company’s Tech for Heroes initiative, which provides recent and returning veterans and their spouses with free, high-tech skills training in areas like front end web development and cybersecurity; andraised $180,000 through charity DFS contests in support of the Community Foundation of Middle Tennessee, which created the Neighbor’s Fund in response to the Christmas Day explosion that occurred in downtown Nashville, Tennessee. Webcast and Conference Call Details DraftKings will host a conference call and audio webcast today at 8:30 a.m. EST, during which management will discuss the Company’s fourth quarter results and provide commentary on business performance. A question and answer session will follow the prepared remarks. The conference call may be accessed by dialing (833) 644-0686 for domestic callers or (918) 922-6762 for international callers. Once connected with the operator, please provide the conference ID of 8266709. A live audio webcast of the earnings conference call may be accessed on the Company’s website at investors.draftkings.com, along with a copy of this press release, the Company’s Form 10-K filing, and a slide presentation. The audio webcast and accompanying presentation will be available on the Company’s investor relations website until 11:59 p.m. EST on March 15, 2021. About DraftKings DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for 50+ operators in 17 countries. DraftKings’ Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia and West Virginia. DraftKings’ daily fantasy sports product is available in 8 countries internationally with 15 distinct sports categories. DraftKings is the official daily fantasy partner of the NFL, MLB, NASCAR and the PGA TOUR as well as an authorized gaming operator of the NBA and MLB and an official betting operator of the PGA TOUR. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding guidance, our future results of operations or financial condition, our strategic plans and focus, user growth and engagement, product initiatives, the objectives of management for future operations, and the impact of COVID-19 on our business and the economy as a whole, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “going to,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “propose,” “should,” “target,” “will,” or “would” or the negative of these words or other similar terms or expressions. We caution you that the foregoing may not include all of the forward-looking statements made in this press release. You should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this press release primarily on our current expectations and projections about future events and trends, including the ongoing COVID-19 pandemic, that we believe may affect our business, financial condition, results of operations, and prospects. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, but are not limited to, DraftKings’ ability to manage growth; DraftKings’ ability to execute its business plan and meet its projections; potential litigation involving DraftKings; changes in applicable laws or regulations, particularly with respect to gaming; general economic and market conditions impacting demand for DraftKings’ products and services; economic and market conditions in the media / entertainment / gaming / software industry in the markets in which DraftKings’ operates; the potential adverse effects of the COVID-19 pandemic on capital markets, general economic conditions, unemployment and DraftKings’ liquidity, operations and personnel, as well as the risks, uncertainties, and other factors described in “Risk Factors” in our filings with the SEC, which are available on the SEC’s website at www.sec.gov. Additional information will be made available in other filings that we make from time to time with the SEC. The forward-looking statements contained herein are based on management’s current expectations and beliefs and speak only as of the date hereof, and DraftKings makes no commitment to update or publicly release any revisions to forward-looking statements in order to reflect new information or subsequent events, circumstances or changes in expectations. Contacts Media: Media@draftkings.com @DraftKingsNews Investors: Investors@draftkings.com
    11:45:00 AM 02/26/2021DKNG
    How DraftKings Could Make New Highs After Strong Earnings
    DraftKings is rising after reporting pretty strong earnings with upbeat guidance. Let's look at how it could make new highs.
    08:49:00 AM 02/26/2021DKNG
    Premarket Movers Friday - Rocket Companies, DoorDash
    Stocks moving in premarket trading Friday include DoorDash, DraftKings, Etsy, Rocket and Salesforce.
    07:42:00 AM 02/26/2021DKNG
    DraftKings Scores Fourth-Quarter Sales Beat, Lifts 2021 Outlook
    DraftKings posts better-than-expected fourth-quarter revenue and raises its 2021 guidance as sports - and wagering on it - roars back.
    15:04:16 PM 02/26/2021SGMS
    Preview: Scientific Games's Earnings
    On Monday, March 01, Scientific Games (NASDAQ:SGMS) will release its latest earnings report. Check out Benzinga's preview to understand the implications. Net Income, Earnings, And Earnings Per Share Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS. Earnings And Revenue Sell-side analysts are expecting Scientific Games's loss per share to be near $0.47 on sales of $708.62 million. Scientific Games reported a per-share profit of $0.14 when it published results during the same quarter last year. Sales in that period totaled $863.00 million. Why Analyst Estimates And Earnings Surprises Are Important Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin. View more earnings on SGMS The Wall Street consensus estimate for earnings would represent a 435.71% decrease for the company. Sales would be down 17.89% from the same quarter last year. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up: Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020 EPS Estimate -0.79 -1.70 -0.11 0.22 EPS Actual -0.97 -2.15 -0.70 0.14 Revenue Estimate 641.47 M 443.70 M 792.58 M 895.28 M Revenue Actual 698.00 M 539.00 M 725.00 M 863.00 M Stock Performance Shares of Scientific Games were trading at $44.06 as of February 25. Over the last 52-week period, shares are up 163.53%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. Do not be surprised to see the stock move on comments made during its conference call. Scientific Games is scheduled to hold the call at 16:15:00 ET and can be accessed here. See more from BenzingaClick here for options trades from BenzingaBenzinga's Top Ratings Upgrades, Downgrades For February 26, 2021Earnings Preview for Perrigo Co© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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    20:45:27 PM 02/26/2021
    Summary :
    Average return is up 3.8%
    Median return is down -1.3%
    4 out of 10 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    17:16:36 PM 02/26/2021PFE
    FDA Panel Discusses J&J's Covid Vaccine: What You Need To Know
    A committee of medical experts is meeting Friday to discuss Johnson & Johnson's coronavirus vaccine before voting whether to recommend its authorization. But JNJ stock fell early Friday.
    16:40:09 PM 02/26/2021PFE
    Coronavirus Mutations: Why The Battle Against Covid Is Just Beginning
    The battle against Covid-19 is about to get uglier. Coronavirus mutations threaten to undercut a year's worth of work upholding Covid stocks like Pfizer, Moderna and Regeneron Pharmaceuticals.
    15:47:00 PM 02/26/2021PFE
    How does the Johnson & Johnson COVID-19 vaccine compare with the Pfizer and Moderna shots?
    On Tuesday, Feb. 24, the U.S. Food and Drug Administration released the results of its trial of the Johnson & Johnson coronavirus vaccine. Maureen Ferran, a virologist at the Rochester Institute of Technology, explains how this new vaccine works and explores the differences between it and the already approved Moderna and Pfizer–BioNTech vaccines. How does the Johnson & Johnson vaccine work?
    15:37:00 PM 02/26/2021PFE
    Global COVID cases top 113 million as FDA committee meets to vote on J&J vaccine
    The number of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 113 million on Friday, amid a flurry of positive vaccine news and as a regulatory advisory committee gathered to review Johnson & Johnson's vaccine candidate for a possible emergency use authorization.
    15:06:03 PM 02/26/2021PFE
    Pharma Stock Roundup: SNY/GSK & PFE COVID-19 Vaccine Update, MRK's Pandion Buyout
    Sanofi (SNY) & Glaxo (GSK) start phase II study on their COVID-19 vaccine candidate. Merck (MRK) offers to buy Pandion Therapeutics for $1.85 billion
    15:04:25 PM 02/26/2021PFE
    Medically Necessary: Delaying Second Doses Would Reshape The Vaccine Supply Chain
    This is an excerpt from the February 25, 2021 edition of Medically Necessary, a health care supply chain newsletter. Subscribe here. Good afternoon. Medically Necessary is a newsletter by Matt Blois about the health care supply chain — how we get drugs, devices and medical supplies to health care providers and patients. Delaying second doses would reshape the vaccine supply chain The debate: Some scientists argue the U.S. should delay second doses of COVID-19 vaccines and instead give them to people who haven't received a shot yet, hopefully providing some protection to a greater number of people. Preliminary data from the U.K. and Israel suggest a single dose of Pfizer's (NYSE: PFE) vaccine provides good, but not perfect, protection from COVID-19. This strategy hasn't been tested in randomized, controlled trials, so there's lots of uncertainty. A big assumption: Often, scientists who call for delaying second shots assume the supply chain will successfully deliver all of those additional doses, but that's not totally clear. Currently, 11 states and Washington, D.C., have yet to administer 10% to 20% of the first doses they've received from the Centers for Disease Control and Prevention, suggesting vaccine supply may not be the only problem. Most states have delivered more than 90% of first doses. American territories are further behind. The Virgin Islands have delivered fewer than 70% of first doses. American Samoa and Guam have delivered fewer than 80%. The backstory: The federal government initially planned to hold back a reserve of COVID-19 vaccines to ensure second doses would be available on time. By January, the federal government had started releasing second doses to boost vaccine supply. (This change happened before the policy was announced, confusing many state officials.) Though the federal government stopped reserving doses, it has always aimed to deliver the second dose of the vaccine on time — three or four weeks after the first shot. The CDC recommends administering the second dose on schedule if at all possible, but in January started allowing for an interval of six weeks in exceptional circumstances. U.K. officials decided in December to delay the second dose of the AstraZeneca (NASDAQ: AZN) and Pfizer vaccines to stretch supply. It's not just supply: The limited supply of COVID-19 vaccines is a major issue slowing the rollout, but there are other bottlenecks in the supply chain as well. Convoluted information technology systems have caused major headaches and slowed distribution in many states. Early on, a shortage of health care workers to administer the vaccine contributed to delays, according to a report from Reuters. Pharmacies are also scrambling to hire enough staff, according to The New York Times. Mark Sawicki, CEO of the cold chain logistics company Cryoport Systems, said delaying second doses would certainly increase the number of people who get at least one dose, but wouldn't automatically make the supply chain more efficient. "You still have the same number of doctors and pharmacists who are giving the vaccines on a global basis," Sawicki told FreightWaves in early February. "You can't arbitrarily manufacture twice as many people to give the doses." As the vaccine rollout continues, the U.S. has taken steps to address some of those issues. The federal government has deployed thousands of people to help states administer vaccines. Supply matters a whole lot, though. Tinglong Dai, a health care operations researcher at Johns Hopkins University, said increasing the number of available doses would reshape the supply chain. "You almost need to have enough doses to be able to mobilize a lot of people to give doses," he told FreightWaves. "The more supply you have, the more demand you can create because you can get more people to provide the services." Right now, there aren't enough doses to send vaccines to every pharmacy in America, so those potential distribution points go unused. Increasing supply would allow for more vaccination sites, increasing the country's capacity to deliver vaccines. Will it happen? So far, U.S. officials haven't shown much enthusiasm for delaying second doses. The Biden administration's COVID-19 strategy says the White House is exploring "dose-sparing strategies that have the potential to substantially expand vaccine supply," but White House officials have also said there's not enough data to support delaying second doses. "What we have right now, and what we must go with, is the scientific data that we've accumulated," White House COVID-19 adviser Anthony Fauci told NBC's "Meet the Press" in February. Earlier this week, National Institutes of Health Director Francis Collins wrote a blog post expressing some optimism about giving a single shot to people who have already recovered from COVID-19, based on early data showing that they have an especially strong immune response. "Such a policy is already under consideration in France and, if implemented, would help to extend vaccine supply and get more people vaccinated sooner. But any serious consideration of this option will require more data," Collins wrote. Change is coming: Right now, most vaccine clinics know how many doses they will receive over the next three weeks, according to Prashant Yadav, a supply chain researcher at Harvard Medical School. "It's just about at that level where second doses can be reserved ... [with] incoming supply," Yadav wrote in an email. But there's very little room for error. That type of planning becomes much easier when the supply is predictable. With an emergency use approval for Johnson & Johnson's (NYSE: JNJ) COVID-19 vaccine on the horizon (keep reading) and indications that Moderna (NASDAQ: MRNA) and Pfizer are accelerating production (keep reading), vaccine administrators may soon have that predictability. Johnson & Johnson close to emergency approval A Johnson & Johnson scientist in Leiden, The Netherlands. (Credit: Johnson & Johnson) A new COVID-19 vaccine from Johnson & Johnson is close to receiving emergency approval from the U.S. Food and Drug Administration. An FDA analysis released this week found that the company's vaccine is safe and effective. An FDA community will meet on Friday to determine whether the data warrant an emergency approval. Logistically easier: The Johnson & Johnson vaccine will be much easier to distribute. The vaccine is administered in a single dose, compared to two shots for both vaccines currently approved in the U.S. The Johnson & Johnson vaccine also has less rigorous temperature requirements for transportation and storage. It has a shelf life of three months when stored at normal refrigeration temperatures, about 36 to 45 degrees Fahrenheit. Moderna's vaccine must be shipped at minus 4 Fahrenheit, and Pfizer's must be shipped and stored at minus 94 Fahrenheit. Ready to go: During a press briefing on Wednesday, White House COVID Coordinator Jeff Zients said he had recently updated governors on plans to distribute the vaccine. He said the U.S. would use the same allocation process for the Johnson & Johnson vaccine that it's using for the current vaccines. "We will waste no time getting this lifesaving vaccine into the arms of Americans," Zients said. Analysts predict a big boost in vaccine supply See more from BenzingaClick here for options trades from BenzingaIn First Earnings As Public Company, DoorDash Beats Revenue ForecastsDrilling Deep: Battery Technology Racing Ahead; So Is The Price Of Diesel© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
    13:47:00 PM 02/26/2021PFE
    An FDA Committee Meets Today to Discuss Johnson & Johnson’s Vaccine. Here’s What to Expect.
    The FDA would likely move very rapidly to issue an emergency use authorization of the vaccine once approved.
    12:30:27 PM 02/26/2021PFE
    Novavax Surges Again On Vaccine Supply Deal; Is NVAX Stock A Buy?
    Novavax said in January its coronavirus vaccine was 89.3% effective in a Phase 3 test. It's also effective against variants. It's now seeking authorization. Is NVAX stock a buy?
    11:45:00 AM 02/26/2021PFE
    European Medicines Agency Accepts Pfizer’s Marketing Authorization Application for Its Investigational 20-valent Pneumococcal Conjugate Vaccine for Adults 18 Years of Age or Older
    Pfizer Inc. (NYSE:PFE) today announced that the European Medicines Agency (EMA) accepted for review the Marketing Authorization Application (MAA) for its 20-valent pneumococcal conjugate vaccine (20vPnC) candidate, as submitted for the prevention of invasive disease and pneumonia caused by Streptococcus pneumoniae serotypes in the vaccine in adults ages 18 years and older. With the MAA acceptance, the formal review process by the EMA’s Committee for Medicinal Products for Human Use (CHMP) begins.
    11:30:00 AM 02/26/2021PFE
    Coronavirus tally: Global cases of COVID-19 top 113 million and U.S. death toll atop 508,000
    The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed above 113 million on Friday, according to data aggregated by Johns Hopkins University, while the death toll rose above 2.50 million. The U.S. has the highest case tally in the world at 28.4 million and the highest death toll at 508,314, after surpassing the 500,000 level late Monday. The U.S. added 77,804 new cases on Thursday, according to a New York Times tracker, and at least 2,465 people died. The U.S. has averaged 69,450 cases a day in the past week, down 32% from two weeks ago. There was good news on the vaccine front, when the Food and Drug Administration eased the ultra-low temperature requirements for the Pfizer Inc./BioNTech vaccine. An FDA advisory committee will meet all day Friday to review and vote on the Johnson & Johnson vaccine, which requires just one dose. Brazil has the second highest death toll at 251,498 and is third by cases at 10.4 million. India is second worldwide in cases with 11.1 million, and now fourth in deaths at 156,825. Mexico has the third highest death toll at 183,692 and 13th highest case tally at 2.1 million. The U.K. has 4.2 million cases and 122,303 deaths, the highest in Europe and fifth highest in the world.
    11:30:00 AM 02/26/2021PFE
    EMA Accepts Marketing Application for Somatrogon to Treat Pediatric Patients with Growth Hormone Deficiency
    Pfizer Inc. (NYSE: PFE) and OPKO Health Inc. (NASDAQ: OPK) announced today that the European Medicines Agency (EMA) has validated for review the Marketing Authorization Application (MAA) for somatrogon, a long-acting recombinant human growth hormone that is intended to be administered once-weekly for the treatment of pediatric patients with growth hormone deficiency (GHD). Pfizer expects a decision from the European Commission in 2022.
    11:06:00 AM 02/26/2021PFE
    3 Popular Stocks Billionaires Can't Stop Selling
    Whether you realize it or not, the most important day of the quarter was February 16 because it marked the deadline for money managers with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission. A 13F provides a snapshot of what the most successful institutional investors, hedge funds, and billionaire investors were holding at the end of the most recent quarter (Dec. 31, 2020, in this instance). Although 13Fs provide dated material, they can nevertheless help Wall Street and investors identify stocks and trends that money managers love or perhaps want to avoid.
    11:00:00 AM 02/26/2021PFE
    YF Spotlight: American educators search for common ground on school reopening
    Yahoo Finance takes a deep dive into remote education and how it's impacting teachers and students across America.
    10:24:25 AM 02/26/2021PFE
    UPDATE 1-Pfizer COVID-19 vaccine reduces transmission after one dose -UK study
    A single dose of Pfizer and BioNtech's COVID-19 vaccine cuts the number of asymptomatic infections and could significantly reduce the risk of transmission of the virus, results of a UK study found on Friday. Researchers analysed results from thousands of COVID-19 tests carried out each week as part of hospital screenings of healthcare staff in Cambridge, eastern England. "Our findings show a dramatic reduction in the rate of positive screening tests among asymptomatic healthcare workers after a single dose of the Pfizer-BioNTech vaccine," said Nick Jones, an infectious diseases specialist at Cambridge University Hospital, who co-led the study.
    10:14:00 AM 02/26/2021PFE
    J&J Vaccine May Be Near OK, With Shots to Follow Soon After
    Johnson & Johnson's coronavirus vaccine may get FDA clearance on Saturday, with the single-shot treatment available soon after.
    10:00:00 AM 02/26/2021PFE
    Crude Oil Prices Rally 30% in 2021, and Two More Numbers to Know
    Pfizer and BioNTech stage a new trial to test booster Covid-19 dose. Oil producers will meet to discuss production levels. And the number of millionaires in London is on the rise.
    08:18:35 AM 02/26/2021PFE
    UPDATE 1-Israel says half its population has received one dose of COVID-19 vaccine
    Israel has administered at least one COVID-19 vaccine shot to 50% of its population, while 35% have received the full two-dose course, Health Minister Yuli Edelstein said on Friday. Israel counts East Jerusalem Palestinians, who have been included in the vaccine campaign that began on Dec. 19, as part of the 9.3 million population. Palestinians in the occupied West Bank and the Gaza Strip are not part of the Israeli campaign.
    08:00:00 AM 02/26/2021PFE
    FOCUS-AstraZeneca, Sputnik vaccines face hurdles if COVID shots become annual affair
    Vaccines from AstraZeneca , Russia's Gamaleya Institute and Johnson & Johnson fight the coronavirus with another virus, leaving scientists concerned the shots may lose potency if annual inoculations become necessary to fight new variants. So-called viral vector shots - also used by several Chinese COVID-19 vaccine developers - use harmless modified viruses as vehicles, or vectors, to carry genetic information that helps the body build immunity against future infections.
    07:30:45 AM 02/26/2021PFE
    ICU Medical Inc (ICUI) Q4 2020 Earnings Call Transcript
    ICUI earnings call for the period ending December 31, 2020.
    07:04:02 AM 02/26/2021PFE
    Israel says it has vaccinated 50% of its population against COVID-19
    Israel has administered at least one COVID-19 vaccine dose to 50% of its 9.3 million population, Health Minister Yuli Edelstein said on Friday. Israel counts East Jerusalem Palestinians, who have been included in the vaccine campaign that began on Dec 19, as part of its population. Palestinians in the occupied West Bank and the Gaza Strip are not part of the Israeli campaign.
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    20:45:39 PM 02/26/2021
    Summary :
    Average return is up 3.6%
    Median return is up 2.9%
    14 out of 17 stocks are up (limited to those with intraday pricing feeds).
    Today News :
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    20:45:33 PM 02/26/2021
    Summary :
    Average return is up 3.4%
    Median return is up 3.5%
    3 out of 4 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    18:49:10 PM 02/26/2021RH
    BPR Trust 2021-KEN -- Moody's assigns definitive ratings to five CMBS classes of BPR Trust 2021-KEN
    The collateral for the loan consists of a 1.03 million SF portion (the "collateral") of the 1.17 million SF property. The property is anchored by Macy's (262,829 SF, 25.5% of collateral NRA), Dillard's (240,656 SF, 23.4% of collateral NRA) and Nordstrom (non-collateral; 137,836 SF).
    18:38:04 PM 02/26/2021RH
    RH, IBD Stock Of The Day, Nears Buy Point After Warren Buffett Grows Stake
    RH is the IBD Stock Of The Day as elevated spending on homes continues while warren Buffett's Berkshire Hathaway recently added to its stake.
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    20:45:28 PM 02/26/2021
    Summary :
    Average return is up 3.3%
    Median return is up 2.8%
    3 out of 3 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    15:39:19 PM 02/26/2021RCL
    Is Now The Time To Buy Royal Caribbean Stock?
    Royal Caribbean Cruises Ltd (NYSE: RCL) shares are up 15.6% in the last week as investors overlook abysmal fourth-quarter earnings numbers and instead focused on bullish longer-term commentary. What Happened: On Monday, Royal Caribbean reported that it lost $1.4 billion in the fourth quarter. For the full year 2020, Royal Caribbean reported a $5.8-billion net loss and $2.21 billion in revenue, down 79.8% from a year ago. Related Link: The Pros And Cons Of Investing In Cruise Stocks Right Now The company followed up the earnings report with news is it raising another $1 billion in cash via a secondary offering. At the company’s current cash burn rate of around $500 million per month, that $1 billion will buy Royal Caribbean another two months of operation. The good news is that management said the company has "seen a 30% increase in new bookings since the beginning of the year when compared to November and December." That commentary appears good enough for investors betting the cruise business will bounce back in a big way in the second half of 2021. Why One Royal Caribbean Analyst Is Skeptical: Dispute the bullish move in the stock, analysts remain skeptical. BofA Securities analyst Andrew Didora said this week that investors don’t seem to fully appreciate how much long-term damage has already been done to Royal Caribbean’s balance sheet. “Longer term we see risk of demand impairment as a result of the outbreak and forecast a long tail for net yields to return to the prior peak, which will likely continue to put further pressure on the balance sheet,” Didora wrote. BofA has an Underperform rating and $65 target for Royal Caribbean. RCL Price Action: Royal Caribbean shares were down 0.35% at $91.31 at last check Friday. Benzinga’s Take: Royal Caribbean shares up at least 218% since the March 2020 market low, which is a huge run for a business that is still completely dead in the water until at least May. The ultimate fate of the industry will be determined by how long it takes the leisure travel business to recover and whether the pandemic has permanently changed consumer demand. Latest Ratings for RCL DateFirmActionFromTo Feb 2021JP MorganMaintainsOverweight Feb 2021BerenbergDowngradesHoldSell Jan 2021Morgan StanleyMaintainsUnderweight View More Analyst Ratings for RCL View the Latest Analyst Ratings See more from BenzingaClick here for options trades from BenzingaHere's How Much Investing ,000 In 3D Systems Stock 5 Years Ago Would Be Worth TodayKevin O'Leary Of 'Shark Tank,' Benzinga CEO Jason Raznick Talk GameStop, Bitcoin And Economic Recovery Trades© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
    20:21:00 PM 02/26/2021NCLH
    Why Carnival Stock Is Back Up Today
    Shares of Carnival (NYSE: CCL), the biggest of the American cruise lines, dropped yesterday along with those of all its peers when investors were disappointed by Norwegian Cruise Line Holdings' (NYSE: NCLH) earnings announcement. Today, Carnival stock is moving back up -- 3.8% higher as of 3 p.m. EST -- and probably also because of Norwegian. Cruise stocks had a rough 2020, and a rough start to 2021 as well, as the pandemic and recession continue to take their toll as their cruise ships remain locked in port.
    14:40:02 PM 02/26/2021NCLH
    Company News for Feb 26, 2021
    Companies In The News Are: SJM, NCLH, EME, PWR
    13:57:00 PM 02/26/2021NCLH
    Norwegian Cruise Line: 90-Day Window Still Needed Once CDC Gives Green Light to Sail
    Although investors may be waiting just as eagerly as the cruise ship operators for the U.S. Centers for Disease Control and Prevention (CDC) to give the green light to resume sailing, Norwegian Cruise Line Holdings (NYSE: NCLH) says voyages won't launch right away. Unfortunately, no one is expecting the CDC to lift its embargo any time soon. As the CDC continues to vacillate over when it will actually allow cruises to resume, Norwegian is burning through some $175 million a month in cash.
    16:11:00 PM 02/26/2021CCL
    A Strange 12 Months Offers Investors Scant Guidance for Rest of 2021
    The stock market’s neck-snapping ups and downs amid an unexpected pandemic were unprecedented, as was support from central banks. The past is unlikely to be prologue.
    13:00:00 PM 02/26/2021CCL
    /R E P E A T -- Media Advisory - Governments of Canada and Manitoba and City of Winnipeg to Make Housing-Related Announcement in Winnipeg/
    25, 2021 /CNW/ - Media are invited to join the Honourable Ahmed Hussen, Minister of Families, Children and Social Development, Kevin Lamoureux, Member of Parliament for Winnipeg North, the Honourable Rochelle Squires, Minister of Families and Brian Bowman, Mayor of Winnipeg, for the announcement.Date:February 26, 2021 Time:12:00 p.
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    Summary :
    Average return is up 3.2%
    Median return is up 3.4%
    14 out of 17 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    20:17:00 PM 02/26/2021DKNG
    Why DraftKings Stock Popped Today
    Shares of DraftKings (NASDAQ: DKNG) rose on Friday, following the release of its fourth-quarter results. DraftKings' revenue soared 146% year over year to $322 million. The gains were fueled by a 44% surge in monthly unique paying customers, to an average of 1.5 million, and a 55% jump in average revenue per payer.
    19:12:13 PM 02/26/2021DKNG
    DraftKings Stock: Is It A Buy Right Now After Jumping On Q4 Earnings?
    DraftKings is one of the top IPO stocks to watch, as gambling legalization gains steam. Here is what the fundamentals and technical analysis say about buying DKNG stock now.
    18:06:18 PM 02/26/2021DKNG
    DraftKings Gains on Higher 2021 Forecast, Strong Revenue
    (Bloomberg) -- DraftKings Inc. gained as much as 8.4% Friday after boosting its revenue expectations for the year, another signal that sports betting isn’t slowing down.The online gambling company expects $900 million to $1 billion in revenue for 2021, up from $750 million to $850 million. The raised guidance topped Wall Street expectations for $863 million and implies 40% to 55% growth compared with the year prior.Boston-based DraftKings said the guidance assumes that all announced professional and college sports calendars go forward as planned. Major events ahead include college basketball’s March Madness and conference tournaments as well as the NBA and NHL playoffs.“Monthly unique players being up almost 50% is really incredible,” Jason Ader, chief executive officer of SpringOwl Asset Management, said by telephone. “The numbers are exceeding expectations and the total addressable market is growing, so it’s exciting.”DraftKings CEO Jason Robins said in an interview that a lot of external factors went favorably for the company, including a higher win percentage from customers, the extension of mobile-player registrations in Illinois and the introduction of sports betting in Tennessee, which ended up being one of the best initial launches the company has had.He said the pandemic, which has left many people stuck at home without their usual array of entertainment options, is also a factor.“All online businesses, whether it’s us or Amazon, are seeing some tailwind because people are home and they’re not distracted by other things,” Robins said.DraftKings reported a 44% increase in monthly unique players, to 1.5 million, as a rise in states offering legal gambling drew new users. The growth in monthly players, which beat the highest analyst forecast of 1.45 million, was in part fueled by growth for traditional online gambling, mobile sports betting and daily fantasy sports users.DraftKings’ stock was up 7.4% to $62.06 at 12:59 p.m. in New York. The shares had climbed 230% since the April debut through Thursday’s close, outperforming the S&P 500’s 37% gain.Fourth-quarter revenue of $322 million beat the consensus analyst estimate of $233 million, as compiled by Bloomberg. That’s the third time the company has topped revenue expectations since it went public via a reverse merger in April.“We are raising our revenue outlook for 2021 due to our expectation for continued growth, the outperformance of our core business and newly launched states that were not included in our previous guidance,” Robins said in a statement.(Updates with CEO comments from fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
    16:06:11 PM 02/26/2021DKNG
    DraftKings Shares Climb After Company Posts Strong Q4 Results, Lifts 2021 Guidance In Show Of Sports Faith
    Despite shakiness in the overall sports economy, with declining TV ratings and event revenue due to Covid-19, DraftKings is wagering on the continued health of the sports betting business. The online gaming firm reported fourth-quarter results ahead of Wall Street forecasts, with revenue of $322 million and a loss of 24 cents per share on […]
    15:34:37 PM 02/26/2021DKNG
    DraftKings Rallies On Soaring Revenue, 2021 Guidance As Online Sports Betting Booms
    Sports betting specialist DraftKings raised its 2021 outlook after reporting mixed fourth-quarter results Friday.
    14:44:00 PM 02/26/2021DKNG
    ‘Things broke our way’ — DraftKings stock jumps amid revenue increase, wider losses
    Shares of sports betting company DraftKings (DKNG) increased as much as 7.7% in Friday’s premarket trading after the company reported record revenue during its 2020 fourth quarter earnings call. DraftKings reported revenue of $322 million, an increase of 146% compared with $131 million during the same period in 2019. DraftKings losses widened for the fourth quarter, posting a net loss of $266.4 million, compared with $29.15 million during the fourth quarter of 2019.
    14:09:00 PM 02/26/2021DKNG
    DraftKings Is More Upbeat on the Outlook. Wall Street Loves It.
    (DKNG) on Friday reported a larger fourth-quarter net loss than anticipated, but the sports-betting firm’s sales crushed expectations. The stock was rising in premarket trading. The online-betting firm (ticker: DKNG) reported fourth-quarter sales of $322 million, more than one-third above the Wall Street consensus estimate for sales of $233.2 million.
    14:00:49 PM 02/26/2021DKNG
    Sports Betting Operator DraftKings Posts Q4 Beat, Raises 2021 Guidance After More State Launches: What Investors Should Know
    Sports betting and iGaming company DraftKings reported fourth-quarter and full fiscal year earnings before the market open Friday. What Happened: DraftKings Inc's (NASDAQ: DKNG) fourth-quarter revenue totaled $322 million, representing a 146% year-over-year increase and beating the Street consensus estimate of $233 million. DraftKings has 1.5 million monthly unique payers in the fourth quarter, a 44% year-over-year increase. Full year monthly unique payers were up 29% year-over-year. Average revenue per monthly unique payer was $65 in the fourth quarter, up 55% year-over-year. DraftKings launched in Tennessee in the fourth quarter. The state saw the best two month results for a new sports betting state, with over $300 million in handle. Related Link: DraftKings Could Beat Revenue Estimates By 25% Over Next 5 Years: Morgan Stanley What’s Next: DraftKings raised its full-year guidance and said it sees fiscal 2021 revenue coming in a range of $900 million to $1 billion. The previous guidance from the company was $750 million to $850 million. View more earnings on DKNG The new guidance represents a year-over-year revenue increase of 40% to 55% for the full fiscal year. The guidance was raised due to the strength seen in the fourth quarter and additional state launches. “We are raising our revenue outlook for 2021 due to our expectation for continued growth, the outperformance of our core business and newly launched states that were not included in our previous guidance,” DraftKings CEO Jason Robins said in a statement. DraftKings launched in Michigan and Virginia in the first quarter of fiscal 2021. This represents 6% of the U.S. population. DraftKings is now live in 12 states, covering 25% of the U.S. population. The company is in more states than any other online sports betting peer. Benzinga’s Take: The strong fourth-quarter results from DraftKings could send other sports betting stocks higher. Investors could look to Penn National Gaming (NASDAQ: PENN), FanDuel (OTC: PDYPY) and MGM Resorts International (NYSE: MGM). DraftKings came in second place with a 24.5% market share in Michigan based on early results. The company has continued to be a strong performer in new state launches with strong brand awareness and partnerships. The company is a leader in the market with a presence for online sports betting in more states than any competitor. Even with that said, the company only has access to 25% of the U.S. population, which could show there is room for more growth ahead. DKNG Price Action: Shares of DraftKings were up 4.83% to $60.60 premarket Friday. The 52-week high for shares is $64.78. See more from BenzingaClick here for options trades from BenzingaFanDuel, DraftKings Take Early Lead In Michigan, But Here's How Barstool Could Be A Big WinnerCathie Wood Talks Tesla, Bitcoin, SPACs And More On CNBC: Here Are The Highlights© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
    12:53:00 PM 02/26/2021DKNG
    5 Top Stock Gainers for Friday: Etsy, Airbnb, DraftKings
    Etsy, Airbnb, WW International, DraftKings and Caesars Entertainment are five top stock gainers for Friday.
    12:00:00 PM 02/26/2021DKNG
    DraftKings Reports Fourth Quarter and Full-Year 2020 Results and Raises 2021 Revenue Guidance
    Reports Fourth Quarter Revenue of $322 million; Increases 2021 Revenue Guidance to $900 million to $1 billionBOSTON, Feb. 26, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today reported fourth quarter and full-year 2020 financial results. Fourth Quarter 2020 Highlights For the three months ended December 31, 2020, DraftKings reported revenue of $322 million, an increase of 146% compared to $131 million during the same period in 2019. After giving pro forma effect to the business combination with SBTech (Global) Limited (“SBTech”) and Diamond Eagle Acquisition Corp. which was completed on April 23, 2020, as if it had occurred on January 1, 2019, revenue grew 98% compared to the three months ended December 31, 2019. “With a favorable fourth quarter sports calendar and strong marketing execution, DraftKings was able to generate tremendous customer acquisition and engagement that propelled us to $322 million in fourth quarter revenue, a 98% year over year increase,” said Jason Robins, DraftKings’ co-founder, CEO and Chairman of the Board. “In the fourth quarter of 2020, we saw MUPs increase 44% to 1.5 million and ARPMUP increase 55% to $65. We are raising our revenue outlook for 2021 due to our expectation for continued growth, the outperformance of our core business and newly launched states that were not included in our previous guidance.” Favorable Sports Calendar and Strong Customer Engagement Drove Q4 Results Monthly Unique Payers (“MUPs”) for our B2C segment increased 44% compared to the fourth quarter of 2019. On average, 1.5 million monthly unique paying customers engaged with DraftKings each month during the fourth quarter. The increase reflects strong unique payer retention and acquisition across DFS, OSB and iGaming. For 2020, MUPs increased 29%, which includes the impact of COVID-19 on our MUPs for Sportsbook and DFS primarily during the second quarter and early in the third quarter.Average Revenue per MUP (“ARPMUP”) was $65 in the fourth quarter representing a 55% increase versus the same period in 2019. Our ARPMUP was positively impacted by increased engagement with our iGaming and mobile sports betting product offerings as well as successful cross-selling. For 2020, ARPMUP increased 29%. Increasing 2021 Revenue Guidance DraftKings is raising its fiscal year 2021 revenue guidance from a range of $750 million to $850 million to a range of $900 million to $1 billion, which equates to year-over-year growth of 40% to 55% and a 19% increase compared to the midpoint of our previous guidance.The increase reflects strong performance in the fourth quarter of 2020, substantial user activation due to the effectiveness of our 2020 marketing spend, and the launch of mobile sports betting and iGaming in Michigan and mobile sports betting in Virginia. This guidance also assumes that all professional and college sports calendars that have been announced come to fruition and that we continue to operate in states in which we are live today. Detailed financial data and other information for the fourth quarter and full-year 2020 is available in DraftKings’ Annual Report on Form 10-K, being filed today with the Securities and Exchange Commission (the “SEC”), as well as in a slide presentation that can be accessed through the “Investors” section of the Company’s website at investors.draftkings.com. DraftKings Grows Its Nation-Leading Mobile Sports Betting and iGaming Footprint DraftKings expanded its footprint to include mobile sports betting in Tennessee in the fourth quarter of 2020. In 2021, DraftKings launched mobile sports betting and iGaming in Michigan and mobile sports betting in Virginia. In November, DraftKings launched mobile sports betting in Tennessee. The state of Tennessee had the best two month launch in U.S. sports betting history with over $300 million in handle in its first two months of operation including 38% month-over-month growth in December.On January 1, 2021, DraftKings began mobile registration in Iowa according to state regulations. By 3PM ET on January 5, DraftKings registered more customers via mobile registration than through the entirety of 2020.Following successful launches in Michigan and Virginia in 2021 (combined these states represent 6% of the U.S. population), DraftKings is now live with mobile sports betting in 12 states, which is more than any other company in the industry. These 12 states together represent 25% of the U.S. population, a position that DraftKings has achieved less than three years after the Supreme Court struck down the Professional and Amateur Sports Protection Act of 1992.In 2021, 19 state legislatures have introduced legislation to legalize online sports betting, five state legislatures have introduced legislation to expand their existing sports wagering frameworks and one state legislature has introduced legislation to legalize sports betting limited to retail locations. In addition, four states have introduced iGaming legislation and two states have introduced online poker legislation. Commercial and Strategic Agreements DraftKings announced several advantageous commercial and strategic agreements in the fourth quarter that are expected to provide the Company with access to unique and valuable content, intellectual property and marketing assets, including: a multi-channel deal with the Mashantucket Pequot Tribal Nation and Foxwoods Resorts Casino, which would provide DraftKings with access for online sports betting ahead of the anticipated launch of legal sports betting in Connecticut, subject to necessary legislative and regulatory approvals. As part of the deal, DraftKings also became the official daily fantasy sports partner of Foxwoods Resort Casino;a multi-year agreement with Turner Sports, making DraftKings the exclusive sportsbook and daily fantasy sports provider across select Turner Sports and Bleacher Report properties, excluding NBA programming;an agreement with Triller which allowed DraftKings to be the “Official Sports Betting and Fantasy Sports Partner” of the boxing match between Mike Tyson and Roy Jones Jr.;a multi-year deal with the Philadelphia Eagles, making DraftKings the Official Daily Fantasy Sports Partner and Official Sports Betting Partner of the team;an exclusive, multi-year relationship with Bryson DeChambeau, who became the first active professional golfer to represent DraftKings via an integrated brand, content, marketing, and VIP centric collaboration;an agreement with the Detroit Pistons, making DraftKings the team’s exclusive Official Daily Fantasy Sports Partner, as well as an Official Sports Betting and Casino Partner;a multi-year deal with the Nashville Predators, making DraftKings the Official Daily Fantasy Sports Partner and an Official Sports Betting Partner of the team;the successful launch of a mobile and online iGaming and sportsbook platform for PalaceBet (PalaceBet.co.za) in South Africa, powered by DraftKings’ cutting-edge B2B sports betting and iGaming technology;the renewal and extension of our relationship with MansionBet, the Gibraltar-based sport betting brand of the Mansion Group, which will see DraftKings’ B2B technology continue to power the tier one operator’s sportsbook and casino platform; andan agreement with InComm Payments to launch an industry-first retail gift card. The launch enables consumers to gift the DraftKings experience to others in $25 and $50 denominations and expands our brand across retail locations nationwide. Product, Technology and Content DraftKings’ migration to SBTech continues to be on-track for completion by the end of third quarter of 2021. We also continued to invest in our products and create engaging content: maintained the highest DFS app store ratings for both iOS and Android as well as the highest iOS rating for Casino and Sportsbook. As of March 1, 2021, Google is expanding the number of countries where developers can publish licensed real money gaming apps to include the United States. DraftKings’ Sportsbook and Casino apps will be available to download for Android users via the Google Play Store;announced a multi-year agreement to become a primary sponsor of the Center for Gaming Innovation, housed within the International Gaming Institute (IGI) at the University of Nevada, Las Vegas (UNLV); anddeveloped an original concept show, B/R Drop Zone: DraftKings Big Game Prop Reveal, that provided football fans with an exclusive first glimpse at DraftKings’ proprietary Super Bowl prop bets in a new reveal show which streamed live on the Bleacher Report app. Environmental, Social and Governance Initiatives DraftKings raised and donated over $1.6 million to charity through a variety of ESG-related initiatives in 2020. Fourth quarter 2020 and first quarter 2021 highlights include: published our first ESG report on February 22, 2021 outlining our views on environmental, social and governance factors and highlighting those factors that are most relevant to our business;raised $113,000 to help fund breast cancer research in collaboration with the Larry Fitzgerald Foundation through the second-annual DraftKings Pink ‘Em initiative, a month-long philanthropic effort that featured four charity contests on each NFL Sunday in October. More than 385,000 DraftKings customers participated throughout Breast Cancer Awareness Month this season; raised $183,000 through charity DFS contests in support of the Company’s Tech for Heroes initiative, which provides recent and returning veterans and their spouses with free, high-tech skills training in areas like front end web development and cybersecurity; andraised $180,000 through charity DFS contests in support of the Community Foundation of Middle Tennessee, which created the Neighbor’s Fund in response to the Christmas Day explosion that occurred in downtown Nashville, Tennessee. Webcast and Conference Call Details DraftKings will host a conference call and audio webcast today at 8:30 a.m. EST, during which management will discuss the Company’s fourth quarter results and provide commentary on business performance. A question and answer session will follow the prepared remarks. The conference call may be accessed by dialing (833) 644-0686 for domestic callers or (918) 922-6762 for international callers. Once connected with the operator, please provide the conference ID of 8266709. A live audio webcast of the earnings conference call may be accessed on the Company’s website at investors.draftkings.com, along with a copy of this press release, the Company’s Form 10-K filing, and a slide presentation. The audio webcast and accompanying presentation will be available on the Company’s investor relations website until 11:59 p.m. EST on March 15, 2021. About DraftKings DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for 50+ operators in 17 countries. DraftKings’ Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia and West Virginia. DraftKings’ daily fantasy sports product is available in 8 countries internationally with 15 distinct sports categories. DraftKings is the official daily fantasy partner of the NFL, MLB, NASCAR and the PGA TOUR as well as an authorized gaming operator of the NBA and MLB and an official betting operator of the PGA TOUR. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding guidance, our future results of operations or financial condition, our strategic plans and focus, user growth and engagement, product initiatives, the objectives of management for future operations, and the impact of COVID-19 on our business and the economy as a whole, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “going to,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “propose,” “should,” “target,” “will,” or “would” or the negative of these words or other similar terms or expressions. We caution you that the foregoing may not include all of the forward-looking statements made in this press release. You should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this press release primarily on our current expectations and projections about future events and trends, including the ongoing COVID-19 pandemic, that we believe may affect our business, financial condition, results of operations, and prospects. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, but are not limited to, DraftKings’ ability to manage growth; DraftKings’ ability to execute its business plan and meet its projections; potential litigation involving DraftKings; changes in applicable laws or regulations, particularly with respect to gaming; general economic and market conditions impacting demand for DraftKings’ products and services; economic and market conditions in the media / entertainment / gaming / software industry in the markets in which DraftKings’ operates; the potential adverse effects of the COVID-19 pandemic on capital markets, general economic conditions, unemployment and DraftKings’ liquidity, operations and personnel, as well as the risks, uncertainties, and other factors described in “Risk Factors” in our filings with the SEC, which are available on the SEC’s website at www.sec.gov. Additional information will be made available in other filings that we make from time to time with the SEC. The forward-looking statements contained herein are based on management’s current expectations and beliefs and speak only as of the date hereof, and DraftKings makes no commitment to update or publicly release any revisions to forward-looking statements in order to reflect new information or subsequent events, circumstances or changes in expectations. Contacts Media: Media@draftkings.com @DraftKingsNews Investors: Investors@draftkings.com
    11:45:00 AM 02/26/2021DKNG
    How DraftKings Could Make New Highs After Strong Earnings
    DraftKings is rising after reporting pretty strong earnings with upbeat guidance. Let's look at how it could make new highs.
    08:49:00 AM 02/26/2021DKNG
    Premarket Movers Friday - Rocket Companies, DoorDash
    Stocks moving in premarket trading Friday include DoorDash, DraftKings, Etsy, Rocket and Salesforce.
    07:42:00 AM 02/26/2021DKNG
    DraftKings Scores Fourth-Quarter Sales Beat, Lifts 2021 Outlook
    DraftKings posts better-than-expected fourth-quarter revenue and raises its 2021 guidance as sports - and wagering on it - roars back.
    17:38:00 PM 02/26/2021CZR
    Caesars CEO Sees Robust Casino Rebound in the Offing. Shares Are Surging.
    Shares of casino operator Caesars Entertainment were up 10% Friday as the company’s top executives painted an encouraging picture of improving business conditions.
    01:01:10 AM 02/26/2021CZR
    Caesars Entertainment Corp (CZR) Q4 2020 Earnings Call Transcript
    CZR earnings call for the period ending December 31, 2020.
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    20:45:23 PM 02/26/2021
    Summary :
    Average return is up 3.0%
    Median return is up 4.2%
    3 out of 5 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    13:45:00 PM 02/26/2021RLJ
    RLJ Lodging Trust to Host Earnings Call
    NEW YORK, NY / ACCESSWIRE / February 26, 2021 / RLJ Lodging Trust (NYSE:RLJ) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 26, 2021 at 11:00 AM Eastern Time.To listen to the event live or access a replay of the call - visit https://www.
    00:10:12 AM 02/26/2021RLJ
    RLJ Lodging (RLJ) Reports Q4 Loss, Lags Revenue Estimates
    RLJ Lodging (RLJ) delivered FFO and revenue surprises of 3.45% and -6.82%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
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    20:45:29 PM 02/26/2021
    Summary :
    Average return is down -5.9%
    Median return is down -4.5%
    6 out of 7 stocks are down.
    Today News :
    12:59:00 PM 02/26/2021KOSS
    GameStop shares jump 13% premarket as stock looks poised for another day of high-volume activity
    GameStop Corp. shares rose 13% in premarket trade Friday, and looked poised for another day of high-volume activity. The videogame retailer's stock is on track for gains of 168% on the week after a move that began late Wednesday and continued through Thursday. In the absence of market-moving news, the move is again being attributed to activity on Reddit’s WallStreetBets forum. Other meme stocks that were swept up in a trading frenzy in January were also active. AMC Entertainment Holdings Inc. was down 0.2%, BlackBerry Ltd. was down 2.4%, Naked Brand Group Ltd. was down 4% and Koss Corp. was down 8%. Year-to-date, GameStop has gained 477%, while AMC is up 291%, after investors on that Reddit forum sought to create a short squeeze in both stocks in January. The unusual moves led to a congressional committee hearing last week at which executives from Reddit, the trading app Robinhood, Citadel and Melvin Capital answered questions, alongside individual investor Keith Gill - aka 'Roaring Kitty
    20:12:00 PM 02/26/2021GME
    SEC Is Examining Robinhood’s Trading Halts, Options Practices
    The inquiry, disclosed in a securities filing, comes as the trading app is said to be preparing to go public.
    20:07:10 PM 02/26/2021GME
    GameStop Heads Toward Best Week In a Month on Reddit Frenzy
    (Bloomberg) -- GameStop Corp. shares are on track for their best week this month amid a flurry of day trader activity.The video-game retailer has jumped about 200% so far this week, as it staged another late afternoon rebound as amateur investors continued to promote the stock on social media platforms like Reddit and StockTwits. More than 75 million shares changed hands heading into the final hour of trading, more than triple what’s been seen in the past two weeks, and adding to the 233 million that traded over the past two sessions.“It would be unwise to discount the power of the collective retail trade and this is an example of the resurgence of energy either on GME again or through another stock,” said Amy Kong, chief investment officer of Barrett Asset Management.The stock has been a poster child for volatility so far this year. Euphoria for the video-game retailer set off a 2,728% rally last month before shares came crashing down and wiped out about $30 billion in market value. The retail craze drew ire from Washington and led to a House Financial Services Committee hearing on retail trading and the video-game distributor last week.Options traders were betting that the stock could do much better Friday after more than doubling so far this week. The most-active option traded on the stock Thursday was a contract on GameStop spiking to $800 on Friday. Some 52,000 contracts changed hands during the session betting on this one-day gain of 636%. The stock rebounded to rise 9.1% to $119 as of 2:56 p.m. in New York after swinging between a 31% jump and 21% slide.“From a top-down perspective, I would caution that these price spikes continue to signal frothiness in certain corners of the market and represent sharp deviations from company fundamentals,” Kong said.Analysts cited a tweet by activist investor and GameStop board member Ryan Cohen posted shortly before the stock began its resurgence on Wednesday, suggesting Reddit traders may view the photo of a McDonald’s Corp. ice cream as a cryptic message to resume buying. A report from Citron Research suggesting the company purchase Esports Entertainment Group Inc. to pivot away from its declining retail business provided a further catalyst.Even with the stock volatility on Friday, shares remain nearly nine-times higher than the average analyst price target of about $13, according to data compiled by Bloomberg. None of the eight analysts who follow the stock rate it a buy -- it has four hold-equivalents and four sell recommendations.While the stock’s revival caught many on Wall Street flat-footed this week, the craze is “nothing like what we saw in late January,” according to Eric Liu, the co-founder of Vanda Research. “Part of that is due to a broadening of the opportunity set” with retail traders flowing into cannabis and crypto-exposed companies, he said in an email.(Updates share price moves throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
    20:04:00 PM 02/26/2021GME
    GameStop saga illustrates rising ‘noise-trader risk’ that could feed market volatility, warns quantitative analyst
    The GameStop rally could herald a rise in “noise trader risk,” potentially driving rational traders from obscure, less liquid corners of the stock market and stoking increased volatility, warns one quantitative analyst.
    19:04:57 PM 02/26/2021GME
    The Short Selling Environment Has Never Been Worse
    (Bloomberg) -- Short bets are a tough sell.The Reddit-inspired short squeeze in GameStop Corp. and other stocks has spurred billions of dollars in losses for short sellers in recent weeks, prompting a rethink of the practice among some investors. Last Friday, Ken Griffin of hedge-fund Citadel declared after Congressional hearings the turmoil will diminish short selling for the foreseeable future.But the environment for short selling was already among the worst in decades even before the GameStop blowup. Even with this week’s sharp selloff, broad gains in equities in the past year have made it difficult to bet against almost any one stock.The most-shorted stocks have gained 112% since last March while the least-shorted names rose 40%, according to a Scotiabank analysis. In January, when GameStop gyrations gripped markets, a record was reached between the most- and least-expensive stocks to borrow with the most expensive outperforming the least by 29%, according to IHS Markit.“I think it would be fair to characterize the time from the late-March 2020 until now as being the worst period on record for short interest factors,” said Sam Pierson, director of Securities Finance at IHS Markit.It’s not unusual for the most-shorted stocks to outperform gains in the least-shorted companies when coming out of a bear market. But what is surprising this time is the extent of the current outperformance and the pain it has caused, even before the start of 2021, Scotiabank analyst Jean-Michel Gauthier said.“Typically when you see the high-profile shorts throw in the towel, it is a good time to be hunting. But in this environment it still seems too early,” said Adam Eagleston, chief investment officer of Formidable Asset Management, which manages over $600 million in assets.To be sure, short selling positions haven’t completely disappeared.Small caps are one example of where short bets by hedge funds have widened, according to net contracts data last week from the Commodity Futures Trading Commission. But short interest as a percentage of float for the Russell 3000 has continued to plunge, according to financial analytics firm S3 Partners.Russell 3000 short interest stands at 5.6%, which is the lowest in at least two years as funds continue to trim their positions. That’s down from at least a two-year high of 7.5% a month ago.Read more: Hedge Funds Reverse Course to Go Short Small Caps: Taking StockFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
    18:42:48 PM 02/26/2021GME
    Dow Slips As Dems Move To Pass Stimulus Bill; Pelosi Says This Is 'Necessary'; Apple Rebounds
    The Dow Jones slipped amid a broad rally as Democrats got set to pass a Covid stimulus bill. Nancy Pelosi backed a controversial measure. Apple stock rose.
    18:10:01 PM 02/26/2021GME
    Dow Jones Dips, Nasdaq Rallies As Tech Stocks Rebound; House To Vote On Stimulus Bill
    Key market indexes were mixed midday Friday, as the Nasdaq rebounded and the Dow Jones Industrial Average pared a 400-point intraday loss.
    17:21:00 PM 02/26/2021GME
    GameStop Stock Volatility Could Get Even Worse. Here’s Why.
    Russell revamps its indexes in June. This year's reconstitution could be big news for GameStop investors.
    16:46:46 PM 02/26/2021GME
    Why BofA Is Bearish On GameStop Stock: 'Turnarounds Are Tough'
    GameStop shares have rallied over the last two days, likely due to strong interest from retail traders once again. One analyst is out with a bearish take on the gaming retailer. The GameStop Analyst: BofA Securities analyst Curtis Nagle reiterated an Underperform rating on GameStop Corp (NYSE: GME) with a $10 price target. The GameStop Takeaways: GameStop is seeing strong interest from retail traders once again, Nagle said in a Friday time. The difference this time is that the trades are not being made for the same reasons, the analyst said. “GME’s current short interest is close to 25% of shares outstanding compared to over 100% in January. To put that into another context, GME’s trading volume over the past two days is around 15x the current number of shares short,” he said. Retail traders used a David vs. Goliath story of taking on hedge funds who were short the stock during January’s rally. A turnaround for the struggling physical gaming retailer is an uphill battle, Nagle said. GameStop has negative EBITDA and declining engagement, the analyst said — two factors that could slow a turnaround. Nagle also questioned whether a push into online sales could help the company, as it may could at the cost of hurting the company’s high-margin pre-owned and collectible segments. BofA's price target is based on 8x fiscal 2022 EV/EBITDA. The company’s five year average of the EV/EBITDA metric is 4x versus an average of 10x from the hardlines category. GME Price Action: Shares of GameStop were down 2.42% at $106 at last check Friday. Related Link: Second Life? GameStop Spikes 103% As Reddit Stocks Surge Again Photo by Phillip Pessar via Wikimedia. Latest Ratings for GME DateFirmActionFromTo Jan 2021B of A SecuritiesMaintainsUnderperform Jan 2021Telsey Advisory GroupDowngradesOutperformUnderperform Oct 2020JefferiesDowngradesBuyHold View More Analyst Ratings for GME View the Latest Analyst Ratings See more from BenzingaClick here for options trades from BenzingaChurchill Capital Corp IV Shares Rally On Dave Portnoy Tweet, Reddit ActivitySecond Life? GameStop Spikes 103% As Reddit Stocks Surge Again© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
    16:40:59 PM 02/26/2021GME
    Here We Go Again: GameStop, 10 Most Shorted Stocks Back In Play
    Thought the GameStop stock mania was game over? You need to pay attention to Reddit again as the stocks are topping the S&P 500 again.
    16:38:00 PM 02/26/2021GME
    Will This IPO Be the Ultimate Reddit Stock?
    The financial story of the year did not start in lower Manhattan or in the wealthy enclaves of Greenwich Connecticut, but rather on Wall Street Bets-a NSFW chatroom on Reddit. The on-again, off-again meme stock trading frenzy has captured the attention of retail investors, Wall Street, and even Washington politicians. De facto GameStop leader Keith Gill, aka Roaring Kitty, posted he made $7.8 million from the stock...and the stock has nearly tripled since then!
    15:57:05 PM 02/26/2021GME
    Bots hyped up GameStop on major social media platforms, analysis finds
    Bots on major social media platforms have been hyping up GameStop and other "meme" stocks, according to an analysis by Massachusetts-based cyber security company PiiQ Media, suggesting organized economic or foreign actors may have played a role in the Reddit-driven trading frenzy. Shares in GameStop soared last month after Reddit users banded together to squeeze hedge funds that had bet against the video game retailer and other companies. Reddit Chief Executive Steve Huffman told Congress this month that bots, artificial or fake accounts with automated content, had not played a "significant role" in GameStop Reddit message traffic.
    15:38:00 PM 02/26/2021GME
    GameStop stock on track for 200% weekly gain, only its second best week ever
    GameStop Corp.'s stock appeared relaxed in early morning trading Friday compared with recent days but shares are still on track for their second best week of what has been a tumultuous year.
    13:19:41 PM 02/26/2021GME
    Dow Jones Futures: Market Rally Breaks Support As Treasury Yields Soar; Nvidia, Teladoc, Tesla Flash Sell Signals
    The market rally broke through key support Thursday as Treasury yields spiked. Nvidia and Tesla flashed sell signals.
    12:45:36 PM 02/26/2021GME
    GameStop shares on track to triple for week as options trading spikes
    Shares of GameStop Corp jumped more than 10% on Friday, putting the video game retailer's stock on pace to triple for the week in a renewed rally that has left analysts puzzled. GameStop shares hovered around $105 in late-morning trading, off 3%, but are up nearly 200% for the week to date despite a broader market selloff that has erased nearly all the gains in the Nasdaq Composite Index for the month. Analysts have struggled to find an easy explanation for the rally, leaving some skeptical that it will continue.
    11:11:53 AM 02/26/2021GME
    UPDATE 1-EU to consider lessons from frenzied retail trading on Wall Street
    The European Union will consider potential lessons from the recent frenzied trading by retail investors on Wall Street in its broad review of consumer protection in markets, a senior European Commission official said on Friday. The rise of retail investors in share trading is a trend that cannot be prevented but it has to be managed, said John Berrigan, head of the EU executive's financial services unit. Online trading came to the fore last month after retail investors following the Reddit forum WallStreetBets piled into GameStop Corp share via the Robinhood platform, sending the retailer's stock rocketing more than 1,000% at the expense of prominent investors who had bet against the stock.
    10:47:42 AM 02/26/2021GME
    GameStop rally fizzles; shares still on pace for 130% weekly gain
    An early surge in the shares of GameStop Corp fizzled and left the video game retailer's stock down more than 15% on Friday, throwing water on a renewed rally this week that has left analysts puzzled. Analysts have struggled to find an clear explanation for the rally, leaving some skeptical that it will continue. One catalyst that sparked GameStop's rally in January - a high concentration of investors that had bet against the stock being forced to unwind their positions - does not appear to be as much of a factor this time.
    08:43:00 AM 02/26/2021GME
    Morning Bell With Jim Cramer: Robinhood and GameStop
    Jim Cramer shares stock-market news including GameStop's surge and veteran investor Charlie Munger's criticism of trading app Robinhood.
    05:09:15 AM 02/26/2021GME
    GameStop Can Justify Its Valuation By Turning Into A '5,000-Store Introduction To Crypto,' Says Cramer
    CNBC host Jim Cramer said Thursday that GameStop Corporation (NYSE: GME) could justify its share price by turning into a cryptocurrency play. What Happened: The “Mad Money” host made references to other companies like Paypal Holdings Inc (NASDAQ: PYPL) and Nvidia Corporation (NASDAQ: NVDA), both of which are linked in some way or the other to cryptocurrency at the present. “If GameStop were to turn itself into a 5,000-store introduction to crypto, make it so that they sell $1 billion worth of stock ... and buy crypto with it, and then make it so it’s an international gaming place where you win bitcoin, I think you can justify the stock price,” theorized Cramer. “I have not been able to come up with anything else, but this works. And it doesn’t have to be bitcoin. We can make it crypto.” See also: How‌ ‌to‌ ‌Buy‌ ‌GameStop‌ ‌(GME)‌ ‌Stock‌ Cramer said if GameStop turns itself into a “crypto information place” and has worldwide games with no latency it would add to the credibility of GameStop investor and Chewy Inc. (NYSE: CHWY) co-founder Ryan Cohen. The former hedge fund manager also pointed to the upcoming resignation of GameStop CFO Jim Bell and said, “CFOs, they tend not to have bitcoin on their balance sheet. Perhaps Jim Bell, that’s what he didn’t want.” Cramer called Cohen a “big thinker” and said “I have a feeling that this is the way to get this stock higher. I can’t come up with another way.” Why It Matters: GameStop, AMC Entertainment Holdings Inc (NYSE: AMC), BlackBerry Ltd (NYSE: BB), and Nokia Oyj (NYSE: NOK) shares were buoyed in a short squeeze carried out by Reddit forum r/WallStreetBets. A notable poster on the forum — “Deep F---ing Value” — who has been credited by forum members for pointing out the short squeeze opportunity told U.S. lawmakers that he likes GameStop stock. “As far as I can tell, the market remains oblivious to GameStop’s unique opportunity within the gaming industry,” said the poster whose real name is Keith Partick Gill. On Wednesday, Cramer called the over 103% rise in the shares of GameStop “a mockery,” and questioned, “Where is the government?” Alma Angotti, a former Securities and Exchange Commission enforcement attorney said that heightened interest from regulatory bodies could be expected. “I think both Congress and the SEC will be studying that balance between orderly markets and letting people invest what they want to invest for whatever reasons they want to invest even if it doesn’t make sense to us,” CNBC reported. Price Action: GameStop shares closed nearly 18.6% higher at $108.73 on Thursday and fell 2.51% to $106 in the after-hours session. For news coverage in Italian or Spanish, check out Benzinga Italia and Benzinga España. Photo courtesy: EPIC via Wikimedia See more from BenzingaClick here for options trades from BenzingaTesla Stock Performance And WallStreetBets Mentions Have A 'Real' Connection: BarclaysWhy AMC Shares Spiked 20% Today© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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    20:45:28 PM 02/26/2021
    Summary :
    Average return is down -5.5%
    Median return is down -5.1%
    15 out of 15 stocks are down.
    Today News :
    15:16:43 PM 02/26/2021EXK
    Preview: Endeavour Silver's Earnings
    Endeavour Silver (NYSE:EXK) releases its next round of earnings this Monday, March 01. Here is Benzinga's essential guide to Endeavour Silver's Q4 earnings report. What Are Earnings, Net Income, And Earnings Per Share? Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS. Earnings And Revenue Endeavour Silver EPS is expected to be around $0.04, according to sell-side analysts. Sales will likely be near $38.33 million. In the same quarter last year, Endeavour Silver reported a loss per share of $0.13 on sales of $34.60 million. What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter? Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values. View more earnings on EXK If the company were to match the consensus estimate, earnings would be up 130.77%. Revenue would be up 10.78% from the year-ago period. Here is how the Endeavour Silver's reported EPS has stacked up against analyst estimates in the past: Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020 EPS Estimate 0.03 0.03 0.03 0.04 EPS Actual 0 -0.02 -0.11 -0.13 Revenue Estimate 40.03 M 40.03 M 40.03 M 38.33 M Revenue Actual 35.59 M 20.20 M 21.93 M 34.60 M Stock Performance Over the last 52-week period, shares of Endeavour Silver are up 265.97%. Do not be surprised to see the stock move on comments made during its conference call. Endeavour Silver is scheduled to hold the call at 13:00:00 ET and can be accessed here. See more from BenzingaClick here for options trades from BenzingaEarnings Preview: Sarepta TherapeuticsUnderstanding Cubic's Ex-Dividend Date© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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    20:45:34 PM 02/26/2021
    Summary :
    Average return is down -4.3%
    Median return is down -4.3%
    56 out of 58 stocks are down.
    Today News :
    14:30:00 PM 02/26/2021EGO
    Eldorado Gold Corp. to Host Earnings Call
    NEW YORK, NY / ACCESSWIRE / February 26, 2021 / Eldorado Gold Corp. (NYSE:EGO) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 26, 2021 at 11:30 AM Eastern Time.
    13:45:00 PM 02/26/2021PVG
    Pretium Resources, Inc. to Host Earnings Call
    NEW YORK, NY / ACCESSWIRE / February 26, 2021 / Pretium Resources, Inc. (NYSE:PVG) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 26, 2021 at 11:00 AM Eastern Time.
    08:48:56 AM 02/26/2021TGB
    Analysts Expect Taseko Mines Limited (TSE:TKO) To Breakeven Soon
    We feel now is a pretty good time to analyse Taseko Mines Limited's ( TSE:TKO ) business as it appears the company may...
    04:01:39 AM 02/26/2021TGB
    Taseko Mines (TGB) Q4 2020 Earnings Call Transcript
    My name is Veronica, and I will be your conference Operator today. At this time, I would like to welcome everyone to the Taseko Mines' Q4 and year-end earnings and production results conference call. With me today in Vancouver is our CEO, Russell Hallbauer; our president, Stuart McDonald, Taseko's chief financial officer, Bryce Hamming; and also, Richard Tremblay, VP of operations.
    15:16:43 PM 02/26/2021EXK
    Preview: Endeavour Silver's Earnings
    Endeavour Silver (NYSE:EXK) releases its next round of earnings this Monday, March 01. Here is Benzinga's essential guide to Endeavour Silver's Q4 earnings report. What Are Earnings, Net Income, And Earnings Per Share? Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS. Earnings And Revenue Endeavour Silver EPS is expected to be around $0.04, according to sell-side analysts. Sales will likely be near $38.33 million. In the same quarter last year, Endeavour Silver reported a loss per share of $0.13 on sales of $34.60 million. What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter? Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values. View more earnings on EXK If the company were to match the consensus estimate, earnings would be up 130.77%. Revenue would be up 10.78% from the year-ago period. Here is how the Endeavour Silver's reported EPS has stacked up against analyst estimates in the past: Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020 EPS Estimate 0.03 0.03 0.03 0.04 EPS Actual 0 -0.02 -0.11 -0.13 Revenue Estimate 40.03 M 40.03 M 40.03 M 38.33 M Revenue Actual 35.59 M 20.20 M 21.93 M 34.60 M Stock Performance Over the last 52-week period, shares of Endeavour Silver are up 265.97%. Do not be surprised to see the stock move on comments made during its conference call. Endeavour Silver is scheduled to hold the call at 13:00:00 ET and can be accessed here. See more from BenzingaClick here for options trades from BenzingaEarnings Preview: Sarepta TherapeuticsUnderstanding Cubic's Ex-Dividend Date© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
    03:31:36 AM 02/26/2021AGI
    Alamos Gold Inc (AGI) Q4 2020 Earnings Call Transcript
    Thank you, operator, and thank you to everyone for attending Alamos' Fourth Quarter and Year-end 2020 Conference Call. In addition to myself, we have on the line today, John McCluskey, President and CEO; Peter MacPhail, COO; and Scott R.G. Parsons, Vice President of Exploration.
    14:27:02 PM 02/26/2021KL
    Kirkland Lake Gold's (KL) Q4 Earnings and Sales Lag Estimates
    Kirkland Lake Gold's (KL) Q4 results benefit from growth in gold production and higher realized gold prices.
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    20:45:34 PM 02/26/2021
    Summary :
    Average return is down -3.8%
    Median return is down -4.1%
    37 out of 40 stocks are down.
    Today News :
    14:30:00 PM 02/26/2021EGO
    Eldorado Gold Corp. to Host Earnings Call
    NEW YORK, NY / ACCESSWIRE / February 26, 2021 / Eldorado Gold Corp. (NYSE:EGO) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 26, 2021 at 11:30 AM Eastern Time.
    13:45:00 PM 02/26/2021PVG
    Pretium Resources, Inc. to Host Earnings Call
    NEW YORK, NY / ACCESSWIRE / February 26, 2021 / Pretium Resources, Inc. (NYSE:PVG) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 26, 2021 at 11:00 AM Eastern Time.
    03:31:36 AM 02/26/2021AGI
    Alamos Gold Inc (AGI) Q4 2020 Earnings Call Transcript
    Thank you, operator, and thank you to everyone for attending Alamos' Fourth Quarter and Year-end 2020 Conference Call. In addition to myself, we have on the line today, John McCluskey, President and CEO; Peter MacPhail, COO; and Scott R.G. Parsons, Vice President of Exploration.
    14:27:02 PM 02/26/2021KL
    Kirkland Lake Gold's (KL) Q4 Earnings and Sales Lag Estimates
    Kirkland Lake Gold's (KL) Q4 results benefit from growth in gold production and higher realized gold prices.
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    20:45:34 PM 02/26/2021
    Summary :
    Average return is down -3.5%
    Median return is down -3.6%
    69 out of 75 stocks are down.
    Today News :
    14:30:00 PM 02/26/2021EGO
    Eldorado Gold Corp. to Host Earnings Call
    NEW YORK, NY / ACCESSWIRE / February 26, 2021 / Eldorado Gold Corp. (NYSE:EGO) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 26, 2021 at 11:30 AM Eastern Time.
    13:45:00 PM 02/26/2021PVG
    Pretium Resources, Inc. to Host Earnings Call
    NEW YORK, NY / ACCESSWIRE / February 26, 2021 / Pretium Resources, Inc. (NYSE:PVG) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 26, 2021 at 11:00 AM Eastern Time.
    08:48:56 AM 02/26/2021TGB
    Analysts Expect Taseko Mines Limited (TSE:TKO) To Breakeven Soon
    We feel now is a pretty good time to analyse Taseko Mines Limited's ( TSE:TKO ) business as it appears the company may...
    04:01:39 AM 02/26/2021TGB
    Taseko Mines (TGB) Q4 2020 Earnings Call Transcript
    My name is Veronica, and I will be your conference Operator today. At this time, I would like to welcome everyone to the Taseko Mines' Q4 and year-end earnings and production results conference call. With me today in Vancouver is our CEO, Russell Hallbauer; our president, Stuart McDonald, Taseko's chief financial officer, Bryce Hamming; and also, Richard Tremblay, VP of operations.
    16:40:04 PM 02/26/2021HBM
    TECK vs. HBM: Which Stock Is the Better Value Option?
    TECK vs. HBM: Which Stock Is the Better Value Option?
    06:20:51 AM 02/26/2021HBM
    Are Insiders Buying Hudbay Minerals Inc. (TSE:HBM) Stock?
    It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
    03:31:36 AM 02/26/2021AGI
    Alamos Gold Inc (AGI) Q4 2020 Earnings Call Transcript
    Thank you, operator, and thank you to everyone for attending Alamos' Fourth Quarter and Year-end 2020 Conference Call. In addition to myself, we have on the line today, John McCluskey, President and CEO; Peter MacPhail, COO; and Scott R.G. Parsons, Vice President of Exploration.
    14:27:02 PM 02/26/2021KL
    Kirkland Lake Gold's (KL) Q4 Earnings and Sales Lag Estimates
    Kirkland Lake Gold's (KL) Q4 results benefit from growth in gold production and higher realized gold prices.
    17:30:00 PM 02/26/2021BTG
    Canada and Ontario Deliver Affordable Housing for Families in Thunder Bay
    26, 2021 /CNW/ - Every Canadian deserves a safe and affordable place to call home. The governments of Canada and Ontario are working together to deliver new affordable rental housing units in Thunder Bay.
    20:27:00 PM 02/26/2021BTG
    Canadian Museum of History Statement on the passing of Fredrik S. Eaton, O.C., O.Ont.
    26, 2021 /CNW/ - The Canadian Museum of History was saddened to learn of the passing of Mr. Eaton, former Chair of the Board of Trustees.
    13:00:00 PM 02/26/2021SA
    Seabridge Gold to Present at the BMO 30th Global Metals and Mining Conference
    Toronto, Ontario--(Newsfile Corp. - February 26, 2021) - Seabridge Gold (TSX: SEA) (NYSE: SA) Chairman and Chief Executive Officer Rudi Fronk will be presenting at the BMO 30th Global Metals and Mining Conference on Thursday, March 4, 2021 at 11:15 a.m. Eastern Time. The live presentation will be available at bmo.qumucloud.com/view/2021-gmm-seabridgegold.ABOUT SEABRIDGESeabridge holds a 100% interest in several North American gold projects. Seabridge's principal assets are the KSM and Iskut projects located near Stewart, ...
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    20:43:43 PM 02/26/2021
    Summary :
    Average return is down -3.4%
    Median return is down -2.6%
    3 out of 3 stocks are down.
    Today News :
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    20:45:34 PM 02/26/2021
    Summary :
    Average return is down -3.1%
    Median return is down -2.5%
    5 out of 5 stocks are down.
    Today News :
    11:42:11 AM 02/26/2021CLF
    Cleveland-Cliffs (CLF) Q4 Earnings and Revenues Lag Estimates
    The acquisition of ArcelorMittal USA drove Cleveland-Cliffs' (CLF) revenues in the fourth quarter.
    00:31:38 AM 02/26/2021CLF
    Cleveland-Cliffs (CLF) Q4 2020 Earnings Call Transcript
    CLF earnings call for the period ending December 31, 2020.
    18:37:41 PM 02/26/2021RIO
    Vale Dangles More Dividends and Buyback With Cash ‘Way Too High’
    (Bloomberg) -- Vale SA, once the most generous payer of dividends among major miners, is looking to regain that status as surging prices of iron ore, nickel and copper flood its coffers.The Rio de Janeiro-based company announced on Thursday a bigger-than expected payment from profit generated in the second half of last year and pledged Friday to return any excess cash to shareholders this year. Chief Executive Officer Eduardo Bartolomeo also said a share buyback is on the table, although no decision has been made on that yet.It’s a sharp turnaround from the last couple of years after a tailings dam disaster sent Vale into crisis mode, cutting dividends and scaling back operations as it focused on repairing the damage and shoring up safety. Now, with a dam-collapse settlement signed with authorities and prices of its metals rallying to multiyear highs, Vale is ready to reward investors who suffered through the lean years.The surge in prices has turned miners into cash machines once again, with Vale’s iron ore business generating its second-highest earnings ever and the company squarely focused on growing its existing assets rather than splashing out on deals as it did in previous booms.“So the natural way for money to flow is to the shareholders, as long as we can keep our business growing and safe,” Bartolomeo told analysts on Friday.Cash SurplusChief Financial Officer Luciano Siani Pires said on the same call that the company’s cash position “is way too high” and “we are looking into a number of alternatives.” BMO Capital Markets estimates Vale will generate free cash flow of $36 billion from 2021 to 2023, 36% of its current market value.Doling out more money to shareholders or buying back shares would also help Vale narrow its valuation gap with rivals BHP Group and Rio Tinto Group, whose mines are closer to China and headquarters are in developed nations.Vale’s shares trade at a ratio to estimated profit that is about half those of BHP and Rio Tinto. It’s a discount that “bothers us,” Pires said.Vale’s board approved a March dividend payment of 3.427 reais a share, beating a projection of 2.697 reais by Bloomberg’s Dividend Forecasting team and up from 1.41 reais in September. The stock has doubled in value in the past year to about 95 reais ($17).The CFO said Vale is already back in front of some competitors on dividend yield. “The expectation is that we can, going forward, lift these values,” he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
    05:00:00 AM 02/26/2021RIO
    Rio spends over A$500 million with WA businesses at Tom Price mine
    Rio Tinto has to date awarded contracts valued at over $385 million (A$500 million) to local Western Australian and Pilbara Aboriginal businesses to support the latest development of its Greater Tom Price Operations.
    05:00:00 AM 02/26/2021RIO
    Rio Tinto to contribute $20 million to fund new hospital in Tom Price
    Rio Tinto will contribute $20 million (US$15 million) to the Western Australian Government to help fund a new hospital at Tom Price in the state’s Pilbara region.
    15:36:42 PM 02/26/2021VALE
    UPDATE 2-Brazil's Vale bullish on metal prices, seeks to accelerate copper projects
    Executives at Brazil's Vale SA, the world's second largest iron ore producer, said premiums for the commodity were at a "unique moment" and that they were also confident regarding the trajectory of copper in 2021. In a conference call with analysts to discuss the company's 2020 financial results, executives attributed high iron ore prices to factors including a ban by China on Australian coking coal.
    01:23:02 AM 02/26/2021VALE
    UPDATE 2-Brazil's Vale books hefty dam disaster charges, but bullish about core earnings
    Brazil's Vale SA logged $4.9 billion in provisions related to the Brumadinho dam disaster in quarterly earnings, but its ferrous metal division turned in a strong performance and the miner was upbeat about the outlook for key products. Some $3.9 billion of the provisions are part of a recently announced $7 billion agreement with prosecutors and the state of Minas Gerais to settle claims stemming from the collapse of the dam in 2019 which killed 270 people. EBITDA or earnings before interest, taxes, depreciation and amortization rose 20% to $4.2 billion in the fourth quarter from the same period a year earlier when Vale also booked heavy charges related to the dam disaster.
    14:40:02 PM 02/26/2021BHP
    Clearwater Paper (CLW) Q4 Earnings & Revenues Miss Estimates
    Clearwater Paper (CLW) fourth-quarter top and bottom lines improve year over year driven by higher demand for tissue products.
    14:27:02 PM 02/26/2021BHP
    Kirkland Lake Gold's (KL) Q4 Earnings and Sales Lag Estimates
    Kirkland Lake Gold's (KL) Q4 results benefit from growth in gold production and higher realized gold prices.
    Visit detail analyses
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    20:45:29 PM 02/26/2021
    Summary :
    Average return is down -2.8%
    Median return is down -3.2%
    5 out of 6 stocks are down.
    Today News :
    00:01:13 AM 02/26/2021KALU
    Kaiser Aluminum Corp (KALU) Q4 2020 Earnings Call Transcript
    If you've not seen a copy of our earnings release, please visit the Investor Relations page on our website at kaiseraluminum.com. Joining me on the call today are President and Chief Executive Officer, Keith Harvey; Senior Vice President and Chief Financial Officer, Neal West; and Vice President and Chief Accounting Officer, Jennifer Huey.
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    20:44:42 PM 02/26/2021
    Summary :
    Average return is down -2.7%
    Median return is down -2.6%
    3 out of 3 stocks are down.
    Today News :
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    20:45:23 PM 02/26/2021
    Summary :
    Average return is down -2.6%
    Median return is down -3.6%
    5 out of 7 stocks are down.
    Today News :
    14:35:02 PM 02/26/2021RAD
    3 Pharmacies & Drugstore Stocks to Watch Amid COVID-19 Resurgence
    3 Pharmacies & Drugstore Stocks to Watch Amid COVID-19 Resurgence
    11:39:00 AM 02/26/2021CVS
    2 Great Stocks You Can Buy on Sale
    One of them is CVS Health (NYSE: CVS), the largest pharmacy chain in the U.S. Another is Allstate (NYSE: ALL), one of the largest property and casualty insurers in the country. CVS had a solid year in 2020, with revenue rising 4.6% to $269 billion and net income up 9.1% to $7.2 billion. Despite the solid earnings, CVS' stock price was down about 5% for the year.
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