Spectrum Pharmaceuticals (SPPI) acquired Talon Therapeutics in July 2013 for $11.3 million in cash and an issuance of 3.0 million shares.
Biotech firm Spectrum Pharmaceuticals (SPPI) develops oncology and hematology drug products. SPPI generates ~90% of its revenues from the US market, and ~10% of its revenues come from Europe.
Credit Suisse raised its price target for Brown-Forman stock to $61 from $55 with a “neutral” rating. Berenberg raised its target to $52 with a “hold.”
Costco is scheduled to report its fiscal 1Q18 earnings on December 14. It is expected to post EPS of $1.34 in fiscal 1Q18—14.5% higher YoY rise.
On December 6, 2017, Brown-Forman (BF-B) reported revenues of ~$914 million, compared with $830 million in 2Q17, and surpassed estimates by 4.8%.
The consumer staples sector rose 0.62% last week, led by Brown-Forman, Sysco (SYY), Altria (MO), Dr. Pepper Snapple (DPS), and Coty (COTY).
Kinder Morgan (KMI) stock rose 2.2% last week, which ended December 8, 2017. The company outperformed its midstream peers.
Kinder Morgan (KMI) issued financial guidance for 2018 on December 4, 2017. It expects a 3% growth in its DCF (distributable cash flow) in 2018 over the expected 2017 DCF.
Continental Resources’ (CLR) current implied volatility is ~32.3%, which is ~6.7% lower than its 15-day average of ~34.6%.
Continental Resources’ 3Q17 EV-to-EBITDA multiple is lower than its historical average multiple of ~13.0x.
Another key focus for Continental Resources (CLR) this year has been its focus on lowering its costs.
In 3Q17, Continental Resources’ (CLR) free cash flow, which is its operating cash flow minus its capex (capital expenditure), was -$140 million.
In 3Q17, Continental Resources (CLR) reported cash flow from operations of ~$431 million, which was 18% higher than 3Q16 and 3.3% lower than 2Q17.
Continental Resources believes that in the current commodity price environment, it will generate strong positive cash flows. It expects to use excess cash flows for debt reduction.
Continental Resources (CLR) has a near-term goal to reduce its debt to $6 billion and a long-term goal to reduce it to $5 billion.
Alexa, Amazon.com’s (AMZN) voice technology, is helping consumer brands sell more on Amazon.com, according to a new study by Linc Global.
Facebook (FB) recently opened its new London headquarters, signaling that it has not lost its appetite for the UK (EWU).
Australia is examining the impact that Internet giants like Facebook and Alphabet’s Google could be having on the country’s media sector, Reuters reported.
Zuckerberg is apparently taking paternity leave for the second time this year.
In 3Q17, Facebook (FB) earned profits that were only a fraction of Alphabet’s (GOOGL) during the same period.