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Trending News: Amarin Corporation plc (ADR) (AMRN)’s FDA Acceptance, Netflix, Inc. (NFLX)’s Big Performance & More

Editor’s Note: Related tickers: Amarin Corporation plc (ADR) (NASDAQ:AMRN), Netflix, Inc. (NASDAQ:NFLX), Caesars Entertainment Corp (NASDAQ:CZR), Coach, Inc. (NYSE:COH), Lowe’s Companies, Inc. (NYSE:LOW), OfficeMax Incorporated (NYSE:OMX), Hawaiian Holdings, Inc. (NASDAQ:HA), DeVry Inc. (NYSE:DV), Macy’s, Inc. (NYSE:M), Morningstar, Inc. (NASDAQ:MORN), RadioShack Corporation (NYSE:RSH)

Amarin Corporation plc (ADR) (NASDAQ:AMRN)Amarin Announces FDA Acceptance of Supplemental New Drug Application (sNDA) for Vascepa(R) for the Treatment of Patients With High Triglycerides (>200 mg/dL and <500 mg/dL) With Mixed Dyslipidemia (GlobeNewsWire)
Amarin Corporation plc (ADR) (NASDAQ:AMRN), a biopharmaceutical company focused on the commercialization and development of therapeutics to improve cardiovascular health, announced today that the Food and Drug Administration (FDA) has accepted its Supplemental New Drug Application (sNDA) seeking approval for the marketing and sale of Vascepa(R) (icosapent ethyl) capsules for use as an adjunct to diet in the treatment of adult patients with high triglycerides (TG =200 mg/dL and <500 mg/dL) with mixed dyslipidemia. The acceptance of the sNDA indicates that the application is sufficiently complete to permit a substantive review. The application will be subject to a standard review and has been assigned a Prescription Drug User Fee Act (PDUFA) date of December 20, 2013. The PDUFA date is the target date for the FDA to complete its review of the sNDA.

Top Gainers in Pre-market Today, April 23 (MarketsnTrade)
These are the stocks gaining the most in pre-market trading on, Tuesday, April 23, 2013. …Amarin Corporation plc (ADR) (NASDAQ:AMRN) is currently trading at $7.3 up 6.6% in pre-market on 5850 shares traded. AMRN is trading -13.25% below its 50 day moving average and -35.44% below its 200 day moving average. AMRN is -57.08% below its 52-week high and 4.58% above its 52-week low. Amarin Corporation plc (ADR) (NASDAQ:AMRN) is a biopharmaceutical company focused on the commercialization and development of therapeutics to improve cardiovascular health.

Netflix poised to become S&P’s top performer as it stuns skeptics with sign-up growth (FinancialPost)
Netflix, Inc. (NASDAQ:NFLX), vanquishing Wall Street skepticism about its growth prospects, is poised to become the best-performing stock in the Standard & Poor’s 500 index after signing up more than 2 million new U.S. customers. Netflix soared more than 26% in extended trading Monday after U.S. subscriber gains beat analysts’ estimates and the Los Gatos, California-based online video service added 1 million internationally. A similar jump Tuesday would bring the stock’s 2013 rise to 138%, top among S&P companies. Shares were up 24% at US$216.18 in pre-market trading Tuesday. Chief Executive Officer Reed Hastings has positioned Netflix as the undisputed leader in online video, recovering momentum he lost two years ago after pricing and product missteps, by adding original shows and exclusive studio deals. With 29.2 million U.S. customers, Netflix, Inc. (NASDAQ:NFLX) has passed Time Warner Inc.’s HBO, according to data from SNL Kagan. Hastings said he wants to reach as many as 90 million in the U.S.

Is Netflix about to crack down on account sharing to boost its profits? (FinancialPost)
Netflix, Inc. (NASDAQ:NFLX) has won over consumers and Hollywood with its mix of TV reruns, old movies and original shows, all for $7.99-a-month with liberal policies that let family and friends share one account. Chief Executive Officer Reed Hastings may now be able to squeeze more profit from his 33.3 million customers by tightening up those policies or boosting prices. As many as 10 million people are watching the online video service without paying, according to Michael Pachter, a Wedbush Securities analyst in Los Angeles. …“It’s time to change,” Pachter said in an interview. “They can say they’re cracking down on piracy. They can appeal to fairness. It’s great if the parent has a subscription and the kid watches it in the college dorm.”

Netflix, Inc. : Viewers Stream To Netflix (4-Traders)
Netflix, Inc. (NASDAQ:NFLX) shares jumped 24% in after-hours trading Monday as the online video service posted a first-quarter profit, having added more than two million U.S. streaming video subscribers. The company also reported a strong reception for “House of Cards,” its high-profile original series. Netflix now is nearly on par with Time Warner Inc.’s HBO premium cable channel in terms of paying customers. HBO had 28.7 million paid U.S. subscribers at the end of the year, according to SNL Kagan, while Netflix, Inc. (NASDAQ:NFLX)’s paid streaming subscribers at the end of March totaled 27.91 million. The company ended the quarter with 29.2 million U.S. streaming video subscribers, including those with free promotions, beating Wall Street’s expectations.

Caesars Entertainment to Create New Venture (WSJ)
Caesars Entertainment Corp (NASDAQ:CZR) said Apollo Management L.P. and TPG Capital L.P. plan to invest $250 million each in a new venture called Caesars Growth Partners LLC, part of a transaction intended to provide capital for Caesars growth plans and improve its balance sheet. Caesars Growth would owned by Caesars and participating Caesars stockholders. Shares jumped 13% premarket to $14.14. As of Monday’s close, the stock was up 80% so far this year. “The transaction is an important step in our ongoing efforts to improve the company’s balance sheet and position ourselves to make strategic investments,” Caesars Chief Executive Gary W. Loveman said.

StockCall Study on Lowe’s, OfficeMax, Hawaiian Holdings, Caesars Entertainment, and DeVry (WSJ)
2013 began on a solid note as lawmakers reached a last-minute deal on the fiscal cliff issue. The last-minute deal ended uncertainty surrounding the U.S. economy. Economic data released in the first two months of 2013, meanwhile, suggested that the economy was seeing a strong recovery. The rebound in economic activity, and passage of fiscal cliff deal was a positive development for services sector. However, data posted in the last few weeks indicates that the U.S. economic recovery has stalled. This does not augur well for services companies such as Lowe’s Companies, Inc. (NYSE:LOW), OfficeMax Incorporated (NYSE:OMX), Hawaiian Holdings, Inc. (NASDAQ:HA), Caesars Entertainment Corp (NASDAQ:CZR), and DeVry Inc. (NYSE:DV). The services sector ended mostly higher on Friday, tracking gains in the broad market.

Horseshoe Casino Cleveland fined $180,000 (GamingToday)
Horseshoe Casino Cleveland, a joint venture between Rock Ventures Ohio and Caesars Entertainment Corp (NASDAQ:CZR), has been fined $180,000 by the Ohio Casino Control Commission. The regulators charged the casino operator had violated state rules by using unapproved dice and replacing chips with quarters. Also, they said, the casino had mishandled keys and had failed to post a problem-gambling hotline on promotional posters. The casino waived a hearing and accepted the fine. This was the second fine assessed against the casino since it opened in May. The first was for $15,000 in January for using unapproved software for a gambler incentive program.

Coach Inc. third-quarter profit beats estimates (MarketWatch)
Coach, Inc. (NYSE:COH) +9.15% said Tuesday its fiscal third-quarter net income rose to $238.9 million, or 84 cents a share, from $225 million, or 77 cents a share, a year ago. Quarterly net sales rose to $1.19 billion from $1.11 billion a year earlier. Analysts polled by FactSet expected earnings of 80 cents a share and revenue of $1.18 billion. “Internationally, our business is growing rapidly, with China in particular continuing to post excellent gains, and is now on course to generate about $425 million in sales this year,” said Victor Luis, president and chief commercial officer. Reed Krakoff, president and executive creative director, will leave the company in June 2014, when his contract expires, to focus on his own brand, the press release said. Coach said it will raise its cash dividend by 15 cents a share annually to an annual rate of $1.35 a share beginning in July. Shares rose 8.7% in premarket trade.

Coach Fights to Keep Cachet as Competition Rises (WSJ)
When Coach, Inc. (NYSE:COH) +9.14% steps up to deliver fiscal third-quarter results Tuesday, it will do more than just telegraph how its own sales of handbags and leather accessories are going. Coach is a good proxy for mid-to-upper-income and so-called aspirational spenders world-wide. The company is in more than 20 countries, and has U.S. operations that include its own stores, lower-priced outlets and shops in major department stores such as Macy’s, Inc. (NYSE:M) +0.84% Coach is “a style that conveys a sense of treating oneself,” said Paul Swinand, retail analyst at Morningstar, Inc. (NASDAQ:MORN) +0.20% “There are a lot of people that find it very compelling.”

Stocks to Watch: Netflix, Coach, RadioShack (WSJ)
Among the companies with shares expected to actively trade in Tuesday’s session are Netflix, Inc. (NASDAQ:NFLX), Coach, Inc. (NYSE:COH) and RadioShack Corporation (NYSE:RSH). Netflix swung to a first-quarter profit as the movie-subscription company continued to add Internet subscribers and unveiled a plan that will allow users to simultaneously stream four videos. Shares jumped 24% premarket to $216.64 as per-share earnings topped the company’s expectations. Coach’s fiscal third-quarter earnings rose 6.2% as the luxury handbag and accessories maker’s sales edged out consensus estimates. The company’s board approved increasing the annual dividend 13%. Shares surged 14% to $57.50 premarket as per-share earnings also topped views.

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