Morning News Leader: NVIDIA (NVDA) Stock Trading Higher on Q4 Earnings Beat

NVIDIA Corporation (NVDA) is up 1.8% Friday morning. The company reported fourth-quarter earnings after the market close Thursday that topped …
February 15 2019 10:20 AMMichael Fowlkes

NVIDIA Corporation (NVDA) is up 1.8% Friday morning. The company reported fourth-quarter earnings after the market close Thursday that topped estimates on both the top and bottom line. NVIDIA reported adjusted earnings of 80 cents per share on revenue of $2.21 billion. Analysts forecast earnings of 75 cents and revenue of $2.2 billion.

NVIDIA Corporation (NVDA) makes semiconductors.

Arista Networks, Inc. (ANET) and American Axle & Manufacturing Holdings, Inc. (AXL) top the list of other companies with positive news today, while XPO Logistics, Inc. (XPO) and TrueCar, Inc. (TRUE) top the list of companies with negative news.

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CLASS ACTION UPDATE for XPO, ARLO, NVDA and GSM: Levi & Korsinsky, LLP Reminds …

CLASS ACTION UPDATE for XPO, ARLO, NVDA and GSM: Levi & Korsinsky, LLP Reminds Investors of … NVIDIA Corporation (NASDAQGS: NVDA)

NEW YORK, Feb. 12, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.

XPO Logistics, Inc. (: XPO)

Class Period:
February 26, 2014 – December 12, 2018

Lead Plaintiff Deadline: February 12, 2019

Join the action: https://www.zlk.com/pslra-1/xpo-logistics-inc-loss-form?wire=3

About the lawsuit: During the class period, XPO Logistics, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) XPO’s highly touted aggressive M&A strategy had yielded only minimal returns to the Company; (ii) XPO was utilizing improper accounting practices to mask its true financial condition, including, inter alia, under-reporting of bad debts and aggressive amortization assumptions; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

To learn more about the XPO Logistics, Inc. class action contact [email protected].

Arlo Technologies, Inc. (: ARLO)

Class Period:
Investors who purchased shares pursuant and/or traceable to the Company’s Registration Statement and Prospectus issued in connection with the August 3, 2018 Initial Public Offering

Lead Plaintiff Deadline: March 25, 2019

Join the action: https://www.zlk.com/pslra-1/arlo-technologies-inc-loss-form?wire=3

The filed complaint alleges that the Registration Statement made materially false and/or misleading statements and/or failed to disclose that: (i) there was a flaw and/or quality issue with Arlo’s newly designed battery for its Ultra camera systems; (ii) this flaw and/or quality issue with the Ultra battery could result in a shipping delay of Arlo’s Ultra product; (iii) such a shipping delay endangered Arlo’s chances of launching the Ultra product in time for the crucial holiday season; (iv) such a shipping delay would allow Arlo’s competitors to capitalize on the Ultra product’s missed launch, thereby increasing their own market share; (v) Arlo’s consumers had been experiencing battery drain issues and other battery-related issues in connection with recent firmware updates; (vi) because of the foregoing, Arlo’s fourth quarter 2018 results and consumer base would be negatively impacted; and (vii) as a result, Arlo’s Registration Statement was materially false and misleading at all relevant times.

To learn more about the Arlo Technologies, Inc. class action contact [email protected].

NVIDIA Corporation (NASDAQGS: NVDA)

Class Period:
August 10, 2017 – November 15, 2018

Lead Plaintiff Deadline: February 19, 2019

Join the action: https://www.zlk.com/pslra-1/nvidia-corporation-loss-form?wire=3

About the lawsuit: NVIDIA Corporation allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) NVIDIA’s growth in its gaming GPU revenue was driven, as repeatedly denied by Defendants, in significant part by the spiked demand for those GPUs among cryptocurrency miners; (ii) NVIDIA did not have, as Defendants asserted, visibility into its inventory channel; (iii) NVIDIA was unable to adapt to the volatility of cryptocurrency markets; (iv) as cryptocurrency prices dropped, NVIDIA hid halting growth from cryptocurrency miners by continuing to push mid-range GPUs into the channel; (v) this would foreseeably cause an oversupply of gaming card inventory levels on the market and ultimately lead to over three months of excess inventory in NVIDIA’s channel; and (vi) as a result, NVIDIA’s public statements were materially false and misleading at all relevant times.

To learn more about the NVIDIA Corporation class action contact [email protected].

Ferroglobe PLC ( GSM)

Class Period:
August 21, 2018 – November 26, 2018

Lead Plaintiff Deadline: March 25, 2019

Join the action: https://www.zlk.com/pslra-1/ferroglobe-plc-loss-form?wire=3

About the lawsuit: During the class period, Ferroglobe PLC allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) there was excess supply of the Company’s products; (2) demand for the Company’s products was declining; (3) as a result, the pricing of the Company’s products would be materially impacted; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

To learn more about the Ferroglobe PLC class action contact [email protected].

You have until the lead plaintiff deadlines to request the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

[email protected]

Tel: (212) 363-7500

Toll Free: (877) 363-5972

Fax: (212) 363-7171

www.zlk.com

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Emerging technologies shaping the future of logistics in India

Today, the transformations that India is going through can be witnessed across all walks of life. Our industries are getting modernized as relevant …

Today, the transformations that India is going through can be witnessed across all walks of life. Our industries are getting modernized as relevant automation and tech-adoptions are increasing their throughput while also improving efficiency. Looking at the larger picture, this development is adding to the market visibility and that of across-the-board processes.

This ongoing transformation is perhaps the best for our logistics sector, which was earlier infamous for complicated processes, bottlenecks, and a near-absolute opacity. So, let us have a look at the emerging technologies that are changing the sector for good and driving it towards the future.

1) Blockchain in Logistics

Documentation (and its verification) is one of the biggest challenges experienced by the logistics players. This is precisely true for use cases such as procurement, transportation management, order tracking, and customs collaboration. These different areas are where Blockchain – the underlying technology that also powers cryptocurrencies – is making a sizeable difference. For the uninitiated, blockchain is a distributed ledger system shared by the interacting parties or individual stakeholders. Its entries (in the form of blocks) are synchronized throughout the network and cannot be altered once registered. If any modification has to be done, another block with the desired adjustment needs to be added to the string of blocks. So, data fabrication is by design impossible in the blockchain.

This aspect of the blockchain technology is today helping us address the areas of frictional in logistics with much simplicity. It is also optimizing the cost and the time associated with documentation and processing for ocean freight shipments. With a safe and protected gateway for information-sharing, blockchain is increasing transparency and helping us save costs by streamlining the supply chain process.

2) AI and ML for supply chain optimization

Machine Learning, a subset of the Artificial Intelligence technology, is also being used by logistics players to automate the supply chain and gather insights that otherwise remain concealed in the burgeoning data. These insights can be directly or indirectly related to tracking, the backend of logistics, internal functions, and so forth. They help in optimizing supply chain as well as in automating, streamlining, and hence, decreasing the turnaround time of various processes. The AI-driven approach is not only cost-effective and time-efficient, but it also plays its part in making the consumer experience more delightful.

3) Low-to-No Asset Networks

Given the sheer focus required to manage every process and the integration of such procedures to the broader logistics operation, emerging logistics providers are now entering the field of tech-driven shipping aggregation. These aggregators do not own any tangible assets such as fleet, cargo movers, warehouses, etc. They instead build a proprietary solution which is then used by individual players (suppliers, shipping players, etc.) as per their business models. This tech-driven approach optimizes logistics operations with the help of networks, technical infrastructure, and automation to reach out to buyers in an effective manner. Doing so also makes scattered demand (originating from an area) visible, helps in bundling them and transfers cost-efficiency to businesses of all shapes and sizes.

4) IoT for tracking

With the help of RFID tags, GPS, and specialized sensors, monitoring of packages is now being done in the real-time. Further coupled with specific approaches, such as geo-fencing, geo-tagging, and proximity alert, more bottlenecks are being eliminated from the supply chain. For instance, an incoming shipment can be easily traced, and the forward supply chain can be readied to process the shipment faster. This practice is enhancing operational efficiency, bringing about superior transparency, and decreasing delays in transfers.

5) Augmented Reality

High-value consignments have various security threats, including hijacking, that need to be eliminated. Here, Augmented Reality (alongside facial-recognition technology) is paving the way for secured deliveries within logistics operations. Last-mile delivery is also improving with building-recognition and indoor navigation. Similarly, the completeness of a parcel and warehouse planning is also getting enhanced with the introduction of Augment Reality in supply chain management.

6) Autonomous transport

Today, e-Vehicles such as self-driving trucks, ghost cargo ships (autonomous ships), and drones are driving us closer to the future of logistics. It is estimated that this development can save up to 20% of fuel costs by aiding transportation, warehousing operations, and last-mile deliveries. India has already passed its regulation for drones, and similar frameworks are in the pipeline for other use cases. Also, the introduction of 5G in 2020 and, with it, the advent of logistics 4.0 are something the industry has been looking forward to.

It is about time that the Indian logistics sector, as the economy is booming, stands shoulder to shoulder with its western counterparts. With the ongoing technological revolution, it is just a matter of years, and all we have to do is eagerly wait until this happens.

Mr. Saahil Goel, CEO & Co-founder, Shiprocket

Click on Deccan Chronicle Technology and Science for the latest news and reviews.Follow us on Facebook, Twitter.

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Zevenbergen Capital Investments LLC Increased Its 2U INC (TWOU) Stake by $20.33 Million …

For more 2U, Inc. (NASDAQ:TWOU) news published briefly go to: Prnewswire.com, Fool.com, Finance.Yahoo.com, Nasdaq.com or Prnewswire.com.

2U, Inc. (NASDAQ:TWOU) Corporate Logo

In 2U Inc. (TWOU) was upped the holdings held by Zevenbergen Capital Investments Llc. The reduction is 24.69% according to 2018Q3 Securities and Exchange form. The company’s stock declined 32.11% with the market as Zevenbergen Capital Investments Llc bought 271,075 shares. At the end of 2018Q3, the 1.37M shares of the technology company held by the institutional investor were priced at $102.92M, up from 1.10M at the end of the previous reported quarter. $3.47B is the MC of 2U Inc.. Ticker’s shares touched $59.85 during the last trading session after 0.42% change.2U, Inc. has volume of 175,010 shares. Since February 7, 2018 TWOU has declined 5.96% and is downtrending. The stock underperformed the S&P 500 by 5.96%.

Zevenbergen Capital Investments Llc operates about $2.92 billion and $3.15B US Long portfolio. According to a filing the fund reduced its stake in Wayfair Inc. (NYSE:W) by 39,535 shares to 634,955 shares, valued at $93.76 million in 2018Q3. Zevenbergen Capital Investments Llc has cut its stake in Amazon.Com Inc. (NASDAQ:AMZN) and also reduced its holding in Xpo Logistics Inc. (NYSE:XPO) by 74,526 shares in the quarter, for a total of 1.25 million shares.

For more 2U, Inc. (NASDAQ:TWOU) news published briefly go to: Prnewswire.com, Fool.com, Finance.Yahoo.com, Nasdaq.com or Prnewswire.com. The titles are as follows: “2U, Inc. Announces Strategic Partnership with Keypath Education – PRNewswire” published on February 06, 2019, “3 Stocks Peter Lynch Would Love – The Motley Fool” on January 16, 2019, “Online Education Platform 2U Is One of Baird’s Top Ideas For 2019 – Yahoo! Finance News” with a publish date: January 08, 2019, “US STOCKS-Wall Street tumbles on growth worries, trade fears – Nasdaq” and the last “2U, Inc. Expands Membership Benefits with The We Company for Active Faculty in Online Graduate Programs and Short Courses – PRNewswire” with publication date: February 07, 2019.

2U, Inc. (NASDAQ:TWOU) Ratings Coverage

In total 6 analysts cover 2U (NASDAQ:TWOU). “Buy” rating has 5, “Sell” are 0, while 1 are “Hold”. 83% are bullish. 7 are the (NASDAQ:TWOU)’s analyst reports since August 29, 2018 according to StockzIntelligence Inc. On Tuesday, January 8 KeyBanc Capital Markets maintained 2U, Inc. (NASDAQ:TWOU) with “Overweight” rating. On Tuesday, November 6 the rating was maintained by BMO Capital Markets with “Outperform”. On Tuesday, November 6 the stock of 2U, Inc. (NASDAQ:TWOU) earned “Outperform” rating by Credit Suisse. The company rating was maintained by KeyBanc Capital Markets on Tuesday, November 6.

2U, Inc. (NASDAQ:TWOU) Analyst Ratings Chart

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As Magna International (MGA) Stock Price Declined, Shareholder Cardinal Capital Management …

… 16/03/2018 – Top VC deals: Apple buys Texture, Magna backs Lyft, Snoop Dogg raises a $45 million fund; 26/04/2018 – Magna and BHAP Create …

Magna International Inc. (NYSE:MGA) Logo

Cardinal Capital Management Inc decreased its stake in Magna International Inc. (MGA) by 30.73% based on its latest 2018Q3 regulatory filing with the SEC. Cardinal Capital Management Inc sold 269,305 shares as the company’s stock declined 15.56% with the market. The institutional investor held 606,941 shares of the capital goods company at the end of 2018Q3, valued at $31.86M, down from 876,246 at the end of the previous reported quarter. Cardinal Capital Management Inc who had been investing in Magna International Inc. for a number of months, seems to be less bullish one the $17.18 billion market cap company. The stock decreased 0.93% or $0.49 during the last trading session, reaching $52.42. About 810,033 shares traded. Magna International Inc. (NYSE:MGA) has declined 20.05% since February 3, 2018 and is downtrending. It has underperformed by 20.05% the S&P500. Some Historical MGA News: 19/04/2018 – Magna International opens a new plant in Mexico; 29/03/2018 – MAGNA ESTABLISHES AUTOMATIC SHARE BUY PLAN; 04/05/2018 – Magna Posts Updated Financial Review for 2017; 10/05/2018 – MAGNA CEO: ONTARIO POLICY IS MAKING US LESS COMPETITIVE; 16/03/2018 – Top VC deals: Apple buys Texture, Magna backs Lyft, Snoop Dogg raises a $45 million fund; 26/04/2018 – Magna and BHAP Create Joint Venture to Supply Door Modules to Automakers in China; 26/04/2018 – MAGNA INTERNATIONAL INC – PRODUCTION WITHIN FACILITY IS SCHEDULED TO BEGIN IN 2021 AND IS EXPECTED TO GENERATE OVER 100 NEW JOBS; 14/03/2018 – LYFT RAISES $200M FROM MAGNA IN SELF-DRIVING TECH PARTNERSHIP; 10/05/2018 – Magna International 1Q Adj EPS $1.84; 14/03/2018 – Magna, Lyft Co-developed Self-Driving Systems Can Be Deployed on Lyft Network as Well as for Entire Automotive Industry

Ascend Capital Llc increased its stake in Landstar Sys Inc (LSTR) by 97.13% based on its latest 2018Q3 regulatory filing with the SEC. Ascend Capital Llc bought 8,379 shares as the company’s stock declined 23.86% with the market. The hedge fund held 17,006 shares of the transportation company at the end of 2018Q3, valued at $2.07M, up from 8,627 at the end of the previous reported quarter. Ascend Capital Llc who had been investing in Landstar Sys Inc for a number of months, seems to be bullish on the $4.23B market cap company. The stock increased 1.36% or $1.38 during the last trading session, reaching $102.96. About 437,961 shares traded or 23.19% up from the average. Landstar System, Inc. (NASDAQ:LSTR) has declined 5.36% since February 3, 2018 and is downtrending. It has underperformed by 5.36% the S&P500. Some Historical LSTR News: 03/04/2018 – Landstar System Had Seen 1Q Revenue $925 Million to $975 Million; 03/04/2018 – LANDSTAR BOOSTS 1Q REV., EPS GUIDANCE; 03/04/2018 – LANDSTAR SEES 1Q REV. OF $1.03B TO $1.05B, EST. $963M; 25/04/2018 – Landstar 1Q EPS $1.37; 10/05/2018 – LANDSTAR SYSTEM INC LSTR.O : BAIRD RAISES TARGET PRICE TO $114 FROM $110; 25/04/2018 – LANDSTAR 1Q REV. $1.05B, EST. $1.03B; 25/04/2018 – LANDSTAR SEES 2Q EPS $1.48 TO $1.54, EST. $1.43; 03/04/2018 – LANDSTAR SEES 1Q EPS $1.35 TO $1.40 INCL. 3C TAX BENEFIT; 03/04/2018 – Landstar Cites 11% Incraese in Number of Loads Hauled Via Truck in First Eight Weeks of FY18; 03/04/2018 – Landstar System Raises 1Q View To Rev $1.03B-$1.05B

Ascend Capital Llc, which manages about $4.98B and $1.99 billion US Long portfolio, decreased its stake in Amazon Com Inc (NASDAQ:AMZN) by 3,670 shares to 7,238 shares, valued at $14.50 million in 2018Q3, according to the filing. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 118,624 shares in the quarter, leaving it with 160,394 shares, and cut its stake in Electronics For Imaging Inc (NASDAQ:EFII).

Investors sentiment decreased to 1.1 in Q3 2018. Its down 0.18, from 1.28 in 2018Q2. It turned negative, as 16 investors sold LSTR shares while 114 reduced holdings. 58 funds opened positions while 85 raised stakes. 39.61 million shares or 0.67% less from 39.87 million shares in 2018Q2 were reported. Cls Investments Lc owns 33 shares for 0% of their portfolio. Atria Limited Liability Com stated it has 2,272 shares or 0.01% of all its holdings. Grantham Mayo Van Otterloo Limited Liability Company holds 0.03% or 30,365 shares. Prospector Ltd Liability Company reported 33,500 shares. Guggenheim Limited Liability Com has invested 0.01% in Landstar System, Inc. (NASDAQ:LSTR). Commonwealth Savings Bank Of Australia holds 0% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR) for 2,600 shares. Retirement Of Alabama accumulated 105,270 shares or 0.06% of the stock. Gideon Capital Incorporated invested in 0.19% or 3,344 shares. 16,141 are owned by Cardinal Capital. 659,108 were reported by Ameriprise. Ironwood Investment Counsel Llc stated it has 0.15% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR). Menta Ltd Liability Company stated it has 9,547 shares or 0.41% of all its holdings. 109,149 were reported by Credit Suisse Ag. Lsv Asset Management holds 0% or 11,414 shares. Capital Fund Mngmt has invested 0.01% in Landstar System, Inc. (NASDAQ:LSTR).

Since September 5, 2018, it had 0 insider buys, and 1 insider sale for $358,550 activity.

More notable recent Landstar System, Inc. (NASDAQ:LSTR) news were published by: Seekingalpha.com which released: “Landstar System – Focus Is On 2018 – Seeking Alpha” on August 21, 2017, also Globenewswire.com with their article: “Landstar Metro Opens in Mexico City Nasdaq:LSTR – GlobeNewswire” published on October 10, 2017, Seekingalpha.com published: “XPO Logistics’ Acquisitions Have Failed To Create Value – Seeking Alpha” on May 25, 2016. More interesting news about Landstar System, Inc. (NASDAQ:LSTR) were released by: Nasdaq.com and their article: “Landstar System (LSTR) Q4 Earnings Beat Estimates – Nasdaq” published on January 30, 2019 as well as Investorplace.com‘s news article titled: “7 A-Rated Stocks to Buy for the Second Half of 2018 – Investorplace.com” with publication date: June 08, 2018.

Among 20 analysts covering Landstar System (NASDAQ:LSTR), 4 have Buy rating, 3 Sell and 13 Hold. Therefore 20% are positive. Landstar System had 81 analyst reports since August 20, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, December 20 by Susquehanna. The company was downgraded on Thursday, November 8 by KeyBanc Capital Markets. The firm has “Overweight” rating given on Friday, January 13 by KeyBanc Capital Markets. The stock of Landstar System, Inc. (NASDAQ:LSTR) has “Buy” rating given on Tuesday, April 10 by Goldman Sachs. On Thursday, September 28 the stock rating was maintained by Stifel Nicolaus with “Buy”. William Blair downgraded Landstar System, Inc. (NASDAQ:LSTR) on Wednesday, January 13 to “Market Perform” rating. The rating was maintained by Robert W. Baird on Thursday, September 14 with “Hold”. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, July 27. The company was upgraded on Friday, February 10 by Stifel Nicolaus. The company was maintained on Wednesday, March 30 by Credit Suisse.

Among 16 analysts covering Magna International (NYSE:MGA), 11 have Buy rating, 2 Sell and 3 Hold. Therefore 69% are positive. Magna International had 66 analyst reports since August 6, 2015 according to SRatingsIntel. As per Tuesday, June 28, the company rating was downgraded by BMO Capital Markets. The firm has “Buy” rating given on Friday, August 14 by Deutsche Bank. Bank of America upgraded it to “Buy” rating and $63.0 target in Wednesday, October 18 report. The firm earned “Underweight” rating on Monday, August 13 by Morgan Stanley. RBC Capital Markets maintained it with “Buy” rating and $70.0 target in Wednesday, January 17 report. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, September 17. The company was maintained on Tuesday, January 16 by KeyBanc Capital Markets. On Wednesday, January 10 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock has “Hold” rating by BMO Capital Markets on Tuesday, August 1. The rating was maintained by Susquehanna with “Hold” on Wednesday, March 14.

More notable recent Magna International Inc. (NYSE:MGA) news were published by: Seekingalpha.com which released: “Why I Am Cheering Magna’s Fall – Seeking Alpha” on October 11, 2018, also Globenewswire.com with their article: “Magna to Acquire OLSA and Expand Lighting Business – GlobeNewswire” published on June 28, 2018, Seekingalpha.com published: “Magna International (MGA) Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” on November 08, 2018. More interesting news about Magna International Inc. (NYSE:MGA) were released by: Seekingalpha.com and their article: “Magna International: Full Speed Ahead – Seeking Alpha” published on May 13, 2018 as well as Globenewswire.com‘s news article titled: “TSX Accepts Notice of Intention to Make Normal Course Issuer Bid – GlobeNewswire” with publication date: November 12, 2018.

Landstar System, Inc. (NASDAQ:LSTR) Institutional Positions Chart

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