SINA Corporation Detected Heavy Call Activity

March 31, 2016: Heavy call activity detected in Sina Corporation today: 1500 May 52.5 calls trade at $0.98.

More SINA Corporation News

November 09, 2015: Sina Corporation (SINA Updated Trend Analysis) hearing renewed takeover rumors circulating, again. This time the rumor is that Alibaba is a possible acquirer.

November 3, 2015: SINA Corporation hearing vague takeover rumors circulating again. The rumor says that Baidu is a potential acquirer.

October 29, 2015: CitiGroup Cuts SINA to Neutral from Buy, price target $48.90, citing valuation and uncertainties in portal advertising.

SINA Corporation (SINA Updated Trend Analysis) is an online media company serving China. It operates SINA.com that provides regional content, news, sports news, automobile-related news, business news, personal finance columns, entertainment news, technology news, and other interest-based channels.

General Dynamics Awarded $644 Million Contract for DDG 51 Class Destroyer

March 31, 2016: The Navy awards General Dynamics Bath Iron Works a $644 million for construction of DDG 51 Class Destroyer. The awarded funding is for the planning and construction of…

March 31, 2016: The Navy awards General Dynamics Bath Iron Works a $644 million for construction of DDG 51 Class Destroyer. The awarded funding is for the planning and construction of DDG 124, the Fiscal Year 2016 Arleigh Burke-class destroyer under contract at General Dynamics Bath Iron Works.

Exec says, “This funding will allow us to continue our efforts associated with planning and construction of DDG 124. The men and women of Bath Iron Works are working hard to continuously improve our processes as we contribute to the U.S. Navy’s important shipbuilding programs.”

More General Dynamics News

March 24, 2016: General Dynamics Corp was awarded a $549,874,060 cost-plus-incentive-fee contract for Stryker program supply. One bid was solicited with one received, with an estimated completion date of Feb. 28, 2019.

March 16, 2016: General Dynamics Corp is part of a consortium that was awarded a $1.3 billion US Navy contract. BAE Systems San Diego Ship Repair, San Diego, California (N00024-16-D-4416 and N00024-16-D-4419); Continental Maritime of San Diego, San Diego, California (N00024-16-D-4417 and N00024-16-D-4420); and General Dynamics, NASSCO, San Diego, California (N00024-16-D-4418 and N00024-16-D-4421), are each being awarded firm-fixed-price, indefinite-delivery/indefinite-quantity, multiple award contracts to provide complex emergent and continuous maintenance and Chief of Naval Operations availabilities on surface ships; and San Diego, California, homeport, including surface combatants (DDG and CG) class ships and amphibious (LSD, LPD, LHA, and LHD) class ships. Each contractor will be awarded one contract for surface combatants class ships and one contract for amphibious class ships. These contracts contain options, which if exercised, would have a cumulative ceiling value of $1,319,651,593.

March 6, 2016: General Dynamics had a big week last week in terms of contracts awarded. On February 26, 2016, they were part of a consortium that was awarded $682.9 million. That same day, General Dynamics was part of another consortium that was awarded a $12.7 billion US Army contract.

The February 26, 2016 $682.9 million award comes from increased fighting with ISIS. Back on July 23, 2015, ISIS killed a Turkish soldier in a firefight on the Turkish-Syrian border. Shortly after, Turkey launched its first airstrike on ISIS positions in Syria, officially joining the fight against ISIS. For the last year, Turkish bombers have continued to hit ISIS targets in Syria and Iraq. At the same time, Turkey is fighting a broader war against Kurdish separatists at home, and their allies in Iraqi Kurdistan. To help with that fight, Turkey has turned to the U.S. to supply it with high-tech munitions like “bunker-buster” bombs.

General Dynamics is one of my favorite plays for profiting off of increased fighting throughout the middle-east.

February 27, 2016: General Dynamics Corp is part of a consortium that was awarded a $682.9 million US Army contract. Ellwood National Forge Co., General Dynamics Ordnance and Tactical Systems, were awarded a $682,900,000 firm-fixed-price, foreign military sales contract (Turkey) for BLU-109 penetrator bomb bodies and components.

January 27, 2016: General Dynamics was awarded a $170 million US Army contract to acquire a Stryker Tow Simulator. Bids were solicited via the Internet with one received. Work and funding will be determined with each order. Army Contracting Command, Tank and Automotive, Warren, Michigan, is the contracting activity (W56HZV-16-D-0037).

January 11, 2016: The U.S. Navy has awarded a production contract for its Surface Electronic Warfare Improvement Program (SEWIP) Block 1B3 to General Dynamics Mission Systems. General Dynamics will deliver Block 1B3 system upgrades over the next five years. The upgrades will be integrated into new and existing Navy ships providing significantly improved situational awareness of the tactical environment surrounding the ship.Carlo Zaffanella, a vice president and general manager for General Dynamics Mission Systems, said, “This award continues our strong, trusted partnership with the Navy to provide affordable, mission-critical electronic warfare capabilities for combat ships deployed worldwide.”General Dynamics has been involved with the SEWIP Block 1 program since 2003 and received a low-rate initial production contracts for the SEWIP Block 1B3 in 2014. Work on the contract will take place in Pittsfield, Massachusetts.

January 11, 2016: Cowen raised General Dynamics to an Outperform rating, from Market Perform.

December 27, 2015: General Atomics starting to test new laser weapon fired from the company’s jet-powered Predator C “Avenger” drone according to an article by the NY Post. The silent, invisible laser needs just a couple of seconds to burn a hole in targets miles away. The goal is to put a laser cannon on four or five of AFSOCs three dozen or so AC-130 gunships by the end of the decade. The laser weapon said to be 5x more powerful than the only existing tested laser – 30 kw class Laser Weapon System that can knock down small drones and crippled small boats in short range tests. Source: http://nypost.com/2015/12/27/air-force-will-test-first-aircraft-mounted-laser-weapon-in-january/

Back in 2012, arronlee33 posted this video by General Atomics about the Predator C “Avenger” drone:

General Dynamics Corporation (GD Updated Trend Analysis) operates as aerospace and defense company worldwide.

Ttboch published this video about the General Dynamics AHED 8×8:

General Dynamics Mission Systems published this video about General Dynamics Mission Systems:

Carnival Beats On Earnings and Revenue

March 30, 2016: Carnival Corp reports Q1 2016 EPS of $0.39 versus the $0.32 estimate. Revenue also beat coming in at $3.65 billion versus the $3.62 billion estimate.

Outlook: At this time, cumulative advance bookings for the remainder of 2016 are well ahead of the prior year at slightly higher prices. Since January, booking volumes for the remainder of the year are running ahead of last year’s historically high levels at higher prices.

The CEO says, “Our ongoing guest experience innovations coupled with our increasingly effective marketing and communication efforts have driven additional demand for our brands, resulting in a strong booked position. The lower levels of inventory remaining for sale for the balance of the year, particularly for our peak summer period, positions our brands well for continued revenue yield growth and builds confidence in our full year earnings forecast.”

More Carnival News

March 21, 2016: Carnival’s Fathom granted approval by Cuba to cruise from US to Cuba. Carnival announced that Cuba has granted approval for the company to begin travel to Cuba starting on May 1, 2016. Following U.S. authorization granted in July 2015, Carnival Corporation is now cleared to operate the 704-passenger MV Adonia to Cuba through its newest brand Fathom. This marks the first time in over 50 years a cruise ship is approved to sail from the United States to Cuba.

March 9, 2016: SunTrust reiterates their Buy rating on Carnival.

February 29, 2016: Credit Suisse assumed coverage of Carnival with an Outperform rating and a price target of $60.

Carnival Corporation operates as a leisure travel and cruise company in North America, Europe, Australia, and Asia.

Navient Targeted By Senator Warren (D-MA)

March 30, 2016: Navient Ticks lower on tweet from Senator Warren (D-MA) calling for government operation of student loan program to benefit students. Senator Warren tweeted, “Its past time for @usedgovs bank to start running the student loan program to benefit students, not companies like Navient. #studentdebt” Source: https://twitter.com/SenWarren/status/715205320319049728

More Navient Corporation News

February 20, 2016: Investor James Altucher makes positive comments about Navient.

December 24, 2015: Leon Cooperman (Omega Advisors) made positive comments on Navient Corporation on CNBC back on December 16, 2015. According to Omega Advisors (Cooperman) most recent 13 F-HR filing, Omega Advisors increased their stake in Navient Corporation. Omega Advisors is not the only firm buying Navient on weakness.

KBC Group NV in their most recent 13 F filing released on December 16, 2015, shows a new $5.4 million stake taken in Navient Corporation.

Ada Investment Management increased their stake by 48,578 as shown in their most recent 13 F filing released on December 12, 2015.

In disclosed December 13 F filings with the SEC, these firms increased or took a new position in Navient Corporation: Boston Partners, Carlson Capital, Prudential Financial, Oppenheimer Fund, Bank of America, ArrowStreet Capital, Zenit Asset Management, Citadel Advisors, JPMorgan Chase, Bogle Investment Management, Thompson Siegel, and more.

What do some of these big investment firms see in Navient Corporation other than playing a bottom, or position for a rising rates environment? I have no idea. I will keep tracking and searching for the catalyst that is driving these investment firms into Navient stock.

Navient Corporation (NAVI Updated Trend Analysis) provides financial products and services in the United States.

American Water Works To Acquire Scranton Sewer System

March 30, 2016: American Water Works Co, Inc continues its acquisition spree this time with its subsidiary Pennsylvania American Water acquiring…

March 30, 2016: American Water Works continues its acquisition spree this time with its subsidiary Pennsylvania American Water acquiring Scranton Sewer System for $195 million. American Water Works announced today that subsidiary Pennsylvania American Water has signed an agreement to acquire the wastewater assets of the Scranton Sewer Authority (SSA). The total value of the transaction is approximately $195 million.

Pennsylvania American Water and the SSA will seek approval of the acquisition from the U.S. Environmental Protection Agency, Pennsylvania Department of Environmental Protection, and Pennsylvania Public Utility Commission. The signing of the purchase agreement is the culmination of negotiations between Pennsylvania American Water and SSA officials after the parties signed a Memorandum of Understanding last December. Pennsylvania American Water originally submitted its bid on May 1, 2015, as part of SSAs extensive request for proposals process.

American Water Works Company News

March 01, 2016: American Water Works Company Inc. will replace CONSOL Energy in the S&P 500 after the close of trading on Thursday, March 3, 2016.

February 24, 2016: 15:11:42 American Water Works Co, Inc subsidiary New Jersey American Water acquires system in Mendham Township; no terms disclosed. Effective today, New Jersey American Water will begin providing water services to 104 new customers.

The New Jersey Board of Public Utilities approved a restructuring of Roxiticus former rates to align with New Jersey American Waters current rates. The average Roxiticus customer, using 6,000 gallons of water per month, will save approximately $22 per month with New Jersey American Water.

February 01, 2016: American Water Works Co, Inc announced the acquisition of the Jaxson Estates water system located near Wentzville, Mo. The system was previously owned by Ciana Realty.

The acquisition of the Jaxson Estates system was approved by the Missouri Public Service Commission (MoPSC) on December 16 and closed today. The Jaxson Estates system will be incorporated into Missouri American Waters East Central Missouri Operation, which serves approximately 49,000 customers in Jefferson City, St. Charles and Warren Counties and Mexico, Missouri.

Customers are receiving letters with information about the water system transition. Customers will receive their first monthly water bill from Missouri American Water in early to mid-March. Missouri American Waters team will continue to operate the water system serving the area, so customers will see no change in their drinking water quality.

January 04, 2016: American Water Works Co announced it has completed its acquisition of all of the issued and outstanding capital stock of the Environmental Disposal Corporation (EDC), an investor-owned wastewater utility in New Jersey.

EDC provides wastewater service to the more than 5,300 customer accounts in Bedminster and Bernards Townships, N.J. In addition, EDC also provides wastewater treatment service to the Boroughs of Far Hills, Peapack, Gladstone and portions of Bedminster, adjacent to EDCs service territory, on the basis of long term contracts.

Financial terms of the sale were not disclosed. American Water filed a petition in 2015 with the New Jersey Board of Public Utilities, which approved the transaction in December.

January 2, 2016: American Water Works subsidiary California American Water acquired Dunnigan Water & Wastewater System for $2 million. This will add approximately 243 new service connections to California American Waters customer base in the Sacramento area. This is the latest acquisition in a series of acquisitions.

December 23, 2015: American Water Works was awarded a contract for Camden City Water and Sewer Systems valued at $125 million over 10 years. The contract is for operation and maintenance for the City of Camden water and sewer services. The contract award, which is valued at approximately $125 million over a term of ten years, follows a period of negotiations after the companys Contract Services Group was selected through a competitive bid process. American Waters Contract Services Group is part of the companys market-based American Water Enterprises subsidiary. American Waters regulated subsidiary, New Jersey American Water, currently owns and operates water systems serving one-third of the city of Camden. Residents who receive their water service from New Jersey American Water are unaffected by this operations and maintenance contract. Beginning February 1, 2016, the citys water and sewer system customers will be managed by American Waters Contract Services Group. The company expects a smooth transition for customers. Customers will receive information in their regular billing cycle beginning in February.

December 22, 2015: American Water Works subsidiary acquires municipal wastewater system in York County for $16.8 million. The company acquired the wastewater system of Fairview Township, York County. The purchase price for acquisition is approximately $16.8 million.

The newly acquired system provides wastewater service to approximately 4,000 customers, including more than 200 businesses and commercial accounts where Pennsylvania American Water is already the provider of water service for Fairview Township. In addition to the $16.8 million purchase price, the company agreed to invest $13 million in system improvements and reimburse the township for up to $1 million for a sewer line relocation project related to the Pennsylvania Turnpike. Under terms of the purchase agreement approved by the Pennsylvania Public Utility Commission, Pennsylvania American Water has adopted Fairview Townships existing wastewater rates through December 31, 2017. In addition, the four township employees who operate the wastewater system have been offered employment with Pennsylvania American Water.

December 10, 2015: American Water Works subsidiary Missouri American Water acquires Hickory Hills Water and Sewer Systems in Moniteau County. Hickory Hills system will be incorporated into Missouri American Waters East Central Missouri Operation, which serves approximately 49,000 customers in Jefferson City, St. Charles, Warren and Jefferson Counties and Mexico, Missouri.

November 23, 2015: American Water Works signed an agreement to purchase the Mill Neck Estates Water System in the Village of Mill Neck, NY; terms not disclosed. The water system acquisition agreement has been forwarded to the New York Public Service Commission for approval. New York American Water will provide the systems 93 customer accounts with water service. Financial terms of the sale were not disclosed.

American Water Works Company (AWK Updated Trend Analysis) provides water and wastewater services in the United States and Canada. Founded in 1886, American Water Works is the largest publicly traded U.S. water and wastewater utility company. The company employs more than 6,400 people who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 47 states and Ontario, Canada.

International Game Technology Signs Contract With the Virginia Lottery

March 29, 2016: International Game Technology subsidiary signs 7-year contract with the Virginia Lottery to provide lottery technology and services; no financial terms disclosed. Subsidiary IGT Global Solutions Corporation has signed a seven-year contract with the Virginia Lottery for the provision of new lottery technology and services, following a competitive procurement process. The initial term of the contract runs through October 21, 2024, and allows for two three-year extension options.

Under the contract terms, the Virginia Lottery will receive components of IGT’s Auroraplatform. Aurora Open Retail (f/k/a NEOS), a new retail solution software architecture, will enable the Lottery to support multiple types of retailer solution devices in an efficient manner, improving time to market. The Aurora Lottery Services Portal, a robust, interactive website, will provide the tools independent and corporate retailers need to successfully start, manage, and grow their lottery business without being tied to a lottery terminal. In addition, the Lottery will receive Aurora Navigator (f/k/a NVISION) back-office applications for lottery personnel who will have the ability to customize the look and feel of the interface to meet their exact needs, help them better manage their business, and enhance productivity.

The Virginia Lottery will also receive 5,500 AlturaFlex draw-based lottery terminals which feature a highly-configurable platform derived from IGT’s Altura GT1200 product, and a smaller footprint.

More International Game Technology News

March 22, 2016: Tier 1 firm reiterates a Buy rating on International Game Technology, and sets a price target of $23.

March 17, 2016: International Game Technology reports Q4 2015 EPS of $0.63 versus the $0.42 estimate. Revenue also beat coming in at $1.37 billion versus the $1.29 billion estimate.

The CFO says, “As we look to 2016, we are forecasting growth for our core operations, while incremental synergies are expected to mitigate certain anticipated headwinds. Our financial condition is solid, placing us in a strong position to pursue our growth objectives, continue to reduce debt, and remunerate our shareholders.”

International Game Technology PLC operates and provides a range of services and technology products across lotteries, machine gaming, sports betting, and interactive gaming markets in North America, Asia, and Europe. IGT’s acquisition of DoubleDown Interactive provides engaging social casino style entertainment to approximately 5 million players monthly.

Lannett Receives FDA Approvals For Two Products

March 29, 2016: Lannett Company, Inc receives FDA approvals for two products. Lannett Company, Inc. announced it has received approvals from the U.S. Food and Drug Administration (FDA) of its Abbreviated New Drug Applications (ANDAs) for Potassium Chloride Extended-release Capsules USP, 8 mEq and 10 mEq, the therapeutic equivalent to the reference listed drug of Actavis Labs FL, Inc., and Temozolomide Capsules 5 mg, 20 mg, 100 mg, 140 mg, 180 mg and 250 mg, the therapeutic equivalent to the reference listed drug TemodarCapsules of Merck & Co.

According to IMS, total U.S. sales in 2015 of Potassium Chloride Extended-release Capsules USP, 8 mEq and 10 mEq and Temozolomide Capsules 5 mg, 20 mg, 100 mg, 140 mg, 180 mg and 250 mg at Average Wholesale Price (AWP) were approximately $89 million and $206 million, respectively.

More Lannett News

February 22, 2016: Lannett Company, Inc. announced it has received approval from the U.S. Food and Drug Administration (FDA) of its Abbreviated New Drug Application (ANDA) for Sumatriptan Nasal Spray USP, 5 mg/spray and 20 mg/spray, the therapeutic equivalent to the reference listed drug ImitrexNasal Spray, of GlaxoSmithKline. According to IMS, total U.S. sales in 2015 of Sumatriptan Nasal Spray USP, 5 mg/spray and 20 mg/spray at Average Wholesale Price (AWP) were approximately $62 million.

February 11, 2016: FDA approves Lannett Company’s Temozolomide capsules. Lannett’s wholly owned subsidiary, Kremers Urban Pharmaceuticals Inc., has received approval from the U.S. Food and Drug Administration (FDA) of its Abbreviated New Drug Application (ANDA) for Temozolomide Capsules 5 mg, 20 mg, 100 mg, 140 mg, 180 mg and 250 mg, the therapeutic equivalent to the reference listed drug TemodarCapsules of Merck & Co. According to IMS, total U.S. sales in 2015 of Temozolomide Capsules 5 mg, 20 mg, 100 mg, 140 mg, 180 mg and 250 mg at Average Wholesale Price (AWP) were approximately $206 million.

November 19, 2015: Lannett Company (LCI Updated Trend Analysis) Roth Capital reiterates Buy rating, price target $47. Roth says the October monthly prescription data from Wolters Kluwer was recently released. Roth analyst says the data is in-line to slightly ahead of expectations due to stable market share so far in 2015. Roth believes pricing power has been maintained in the digoxin category, but indicates the focus is now on new competition from Mylan, Par, Hikma, and Sun.

October 14, 2015: Lannett Company receives FDA approval for Memantine Hydrochloride oral solution, 2 mg/mL Announced that its wholly owned subsidiary, Silarx Pharmaceuticals, Inc., has received approval from the U.S. Food and Drug Administration (FDA) of its Abbreviated New Drug Application (ANDA) for Memantine Hydrochloride Oral Solution 2 mg/mL, the therapeutic equivalent to the reference listed drug NamendaOral Solution, 2 mg/mL of Forest Pharmaceuticals. According to IMS, for the year ended June 2015 total sales of Memantine Hydrochloride Oral Solution 2 mg/mL at Average Wholesale Price (AWP) were approximately $12 million.

September 3, 2015: Roth Capital reiterates Buy rating, price target $68. Roth analyst likes that LCI announced a transformative acquisition of Kremers Urban Pharmaceuticals for $1.23B in cash. This deal could potentially double the revenue base and be accretive to 2016/17 EPS targets (20-25% in 2017).

Lannett Company (LCI Updated Trend Analysis), founded in 1942, develops, manufactures, packages, markets and distributes generic pharmaceutical products for a wide range of medical indications. The company offers solid oral, extended release, topical, nasal, and oral solution finished dosage forms of drugs that address a range of therapeutic areas, as well as ophthalmic, patch, foam, buccal, sublingual, soft gel, and injectable dosages.

California Gov Jerry Brown (D) Announces Deal to Raise Minimum Wage to $15/hr

California Gov Jerry Brown (D) announces deal to raise state’s minimum wage to $15/hr (from current $10/hr), as expected.

Under the plan, minimum wage will rise to $10.50 per hour on January 1, 2017 for businesses with 25 or more employees, and then rises each year until reaching $15 per hour in 2022. This plan also recognizes the contributions of small businesses those with fewer than 25 employees to Californias economy and allows additional time for these employers to phase in the increases. The purpose of the plan is to increase the minimum wage over time, consistent with economic expansion, while providing safety valves known as off-ramps to pause wage hikes if negative economic or budgetary conditions emerge.

Minimum wage hikes do not work. That’s not an opinion, that’s a fact. Here’s a lesson I did on the microeconomics of minimum wage hikes and what happens when the government decides to interfere in the private sector:

Merit Medical Systems Announces 510(k) Clearance for Corvocet Biopsy System

March 28, 2016: Merit Medical Systems Inc announces 510(k) clearance for Corvocet Biopsy System. Merit Medical Systems received notification of substantial equivalence from the FDA for the CorvocetBiopsy System, which is intended for use in obtaining core biopsy samples from the liver, kidney, prostate, breast, lung and various other soft tissue tumors.

The proprietary device comes in stand-alone packaging and also as a component in certain kits to provide convenience for hospitals and physicians. It offers features and performance characteristics which were designed from clinician input to reduce sound levels and provide one-handed use.

“The CorvocetBiopsy System is Merits first entry into the biopsy market and is the first of several biopsy devices we expect to introduce in the future,” said Fred P. Lampropoulos, Merit’s Chairman and Chief Executive Officer. We believe the introduction of the Corvocet, a new line of One-StepCentesis Catheters, the SwiftNINJASteerable Microcatheter, the ElationBalloon Dilator, and several other products slated for release will provide support for our projected growth and profit expectations for 2016 and beyond.

The Corvocet is scheduled to be introduced in the United States over the next thirty days or so, with European release following receipt of the CE mark. Merit will highlight the new biopsy system at the annual meeting of the Society of Interventional Radiology (SIR) being held April 2-7 in Vancouver.

More Merit Medical Systems News

December 27, 2015: Zacks gave Merit Medical Systems a Strong Buy rating after the company announced the receipt of regulatory approvals for four new products that I first wrote about on November 9, 2015 (see below). The Zacks article can be read here: http://www.zacks.com/stock/news/202000/merit-medical-strong-buy-on-new-approvals-pipeline-strength

November 9, 2015: Merit Medical Systems, Inc. (MMSI Updated Trend Analysis) receives four new regulatory approvals. Merit received the CE Marking (ConformitEuropenne) in the European Union to market the CentrosDialysis Catheter, which includes proprietary technology and has been marketed in the United States for the past few years. Revenues for this product are up approximately 76% year-to-date worldwide, excluding Europe, and we believe this approval will continue to enhance growth prospects for some time to come. Merit also received the CE Marking for HepaSphereMicrospheres with Irinotecan indication. We believe this indication will help to complement the doxorubicin indication in Europe and will be a segue for additional regulatory filings in the future. Merit received 510(k) clearance from the FDA for the Prelude SNAPSplittable Hydrophilic Sheath, which we believe will complement the uncoated sheath which has already gained substantial acceptance worldwide. Merit has recently received orders from a major OEM customer, and we expect additional customer commitments in the near future. Merit also received 510(k) clearance for the ElationWireguided Balloon Dilation Catheter with biliary indication. We believe this will complement Merits existing esophageal indication in our fastest-growing division. We have recently added two additional production lines to keep up with customer demand.

Merit Medical Systems, Inc. (MMSI Updated Trend Analysis) is engaged in the development, manufacture and distribution of proprietary disposable medical devices used in interventional and diagnostic procedures, particularly in cardiology, radiology and endoscopy.

Merit Medical Systems published the following video about their company: