News Bulletin
Monday March 23, 2020
Evening Edition

 

 

Economic Numbers

 

 

TIME

DETAIL

SURV

PRIOR

09:30

Chicago Fed National Activity (Feb)

-

-0.33

11:30

3 - Month Bill Auction

-

0.290%

11:30

6 - Month Bill Auction

-

0.300%

-

-

-

-

 

Indices

 

 

CLOSE

50 DMA

200 DMA

S&P 500

2,227.62

3,113.83

3,039.74

DJIA

18,591.93

27,078.22

27,072.95

NASDAQ

6,860.67

8,920.55

8,411.63


                                                                                                                   

 

Earning Calendar

 

Symbol

Company

Earnings Call Time

EPS Estimate

Reported EPS

Surprise(%)

APHB

AmpliPhi Biosciences Corp

Time Not Supplied

N/A

N/A

N/A

AREXQ

Approach Resources Inc

After Market Close

-0.06

N/A

N/A

AEYE

AudioEye Inc

Time Not Supplied

-0.3

N/A

N/A

AXAS

Abraxas Petroleum Corp

Time Not Supplied

0.02

N/A

N/A

BLPH

Bellerophon Therapeutics Inc

Before Market Open

-1.05

N/A

N/A

BRKR

Bruker Corp

After Market Close

0.59

N/A

N/A

BHAT

Blue Hat Interactive Entertainment Technology

Before Market Open

N/A

N/A

N/A

TY

Tri-Continental Corp

Time Not Supplied

N/A

N/A

N/A

DFODQ

Dean Foods Co

Before Market Open

0.18

N/A

N/A

WFCF

Where Food Comes From Inc

Before Market Open

N/A

N/A

N/A

INAP

Internap Corp

Before Market Open

-0.82

N/A

N/A

CANG

Cango Inc

After Market Close

0.61

N/A

N/A

LITB

LightInTheBox Holding Co Ltd

Before Market Open

N/A

N/A

N/A

SAVA

Cassava Sciences Inc

Before Market Open

-0.13

N/A

N/A

MCF

Contango Oil & Gas Co

Time Not Supplied

-0.06

N/A

N/A

YRD

Yiren Digital Ltd

Before Market Open

1.26

N/A

N/A

DMAC

DiaMedica Therapeutics Inc

After Market Close

N/A

N/A

N/A

ECOR

electroCore, Inc.

After Market Close

-0.29

N/A

N/A

PEIX

Pacific Ethanol Inc

Time Not Supplied

-0.27

N/A

N/A

HALL

Hallmark Financial Services Inc

Time Not Supplied

-1.95

N/A

N/A

GNC

GNC Holdings Inc

Before Market Open

-0.52

N/A

N/A

RTIX

RTI Surgical Holdings Inc

Before Market Open

N/A

N/A

N/A

OXBR

Oxbridge Re Holdings Ltd

TAS

N/A

N/A

N/A

VTSI

VirTra Inc

After Market Close

N/A

N/A

N/A

TOPS

Top Ships Inc

TAS

N/A

N/A

N/A

JT

Jianpu Technology Inc

Before Market Open

N/A

N/A

N/A

RBCN

Rubicon Technology Inc

Time Not Supplied

N/A

N/A

N/A

RAVN

Raven Industries Inc

After Market Close

0.05

N/A

N/A

ITP

IT Tech Packaging Inc

After Market Close

N/A

N/A

N/A

SY

So-Young International Inc

Before Market Open

0.87

N/A

N/A

TCI

Transcontinental Realty Investors Inc

After Market Close

N/A

N/A

N/A

PANL

Pangaea Logistics Solutions Ltd

After Market Close

0.1

N/A

N/A

FENG

Phoenix New Media Ltd

After Market Close

-0.26

N/A

N/A

 

23rd March, 2020 Market News

07:22 Citing "overwhelming demand," Gilead Sciences (NASDAQ:GILD) has temporarily halted patient access to its experimental antiviral remdesivir, adding that it is transitioning its compassionate use program to expanded use programs as "rapidly as possible." It will make exceptions for severely ill pregnant women and children under the age of 18 with confirmed COVID-19 infections. Shares -1.06%.

07:25 Village Farms International's (NASDAQ:VFF) joint venture, Pure Sunfarms, has received approval from Health Canada to operate the final components of its 65,000-square foot processing center located within Delta 3 greenhouse facility. Shares are up 2.51%.

08:03 Innate Pharma S.A. (NASDAQ:IPHA) jumps 12.94% in apparent reaction to an article in Nature from a group of Chinese scientists that the number of certain immune cells, T lymphocytes and natural killer cells, decrease significantly in patients with SARS-CoV-2 infection with increased expression of a receptor called NKG2A. In recovering patients, however, the numbers of NK and CD8+T cells were restored with reduced expression of NKG2A.

08:16 Soligenix (NASDAQ:SNGX13.94% in reaction to its announcement that it has expanded its collaboration with University of Hawaii at Mānoa to include a potential coronavirus vaccine.

08:17 Aytu BioScience (NASDAQ:AYTU) has received confirmation from the FDA to begin distribution of its COVID-2019 IgG/IgM Rapid Test throughout the U.S. The test is intended for professional use and delivers results between 2 and 10 minutes at the point-of-care. Shares are up 37.50%.

08:50 Newmont (NYSE:NEM) says it will put four of its operations on care and maintenance, in Argentina, Canada and Peru, to align with travel restrictions amid the global spread of the coronavirus. NEM +2.74%.

09:28 AGCO (NYSE:AGCO) withdraws its sales and earnings guidance in light of the coronavirus outbreak and the lack of certainty of both the duration and magnitude of its impacts. AGCO +0.87%.

09:49 AC Immune SA (NASDAQ:ACIU) +13.5% announces that it has earned a second milestone payment of CHF 10M ($10.2M) from collaboration partner Eli Lilly (NYSE:LLY) -2.52% triggered by the advancement of its small molecule Morphomer Tau aggregation inhibitor program. It expects to receive the monies by month-end.

10:00 In a regulatory filing, Thermo Fisher Scientific (NYSE:TMO) -8.39% warns that the COVID-19 outbreak will negatively impact revenue growth and will continue to pressure its operations, supply chains and distribution systems, although it is uncertain, at this point, what the specific impact will be.

10:28 Cowen's Doug Schenkel highlights that Danaher's (NYSE:DHR)-1.98% test is the first point-of-care assay to receive Emergency Use Authorization (EUA), which means it should have very strong demand given accuracy, speed and workflow.

10:28 PG&E (NYSE:PCG) +13.37% pops after reaching a settlement late Friday with California's Gov. Newsom in its restructuring plan, accepting tighter oversight and pledging billions of dollars to improve safety and help wildfire victims.

10:31 Moderna (NASDAQ:MRNA) -5.96% is up following two recent interviews from top execs about its investigational COVID-19 vaccine, currently being testing in a Phase 1 study led by NIH.

11:09 Novan (NASDAQ:NOVN) +5.46% is up in response to a preplanned safety analysis from two Phase 3 clinical trials, B-SIMPLE1 and B-SIMPLE2, evaluating topical gel SB206 for the treatment of molluscum contagiosum, a viral infection characterized by itchy bumps on the skin.

12:55 Kirkland Lake Gold (NYSE:KL) +6.94% says it is temporarily reducing operations at its Detour Lake mine in Ontario and suspending all exploration activities across the company due to the coronavirus.

13:49 Citing the dearth of blood donors as people hunker down amid the COVID-19 outbreak, Baird reiterates is bearish opinion (Underperform/$3) on Rubius Therapeutics (NASDAQ:RUBY) -0.25% based on headwinds the situation presents for the manufacture of its Red Cell Therapeutic (RTC) products.

15:47 Mexico's oil regulator approved a request from Total (NYSE:TOT) +13.38% and Exxon Mobil (NYSE:XOM) -4.09% to give up exploration and production rights to a deepwater block in the southern Gulf of Mexico after results were disappointing.

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