Toyota Pitches New Headlight, Nominees for Hess Board Waive Compensation, and 3 More Hot Stocks
Toyota Motor Corp. (NYSE:TM): Toyota has a creative method for reducing the number of pedestrian deaths that occur at night, or in the darker hours of the evening: new headlights that use a physical shade to shield oncoming traffic from the bright lights, in place of the traditional low-beams. As a result, the redirected light won’t blind other drivers, but will keep the peripheral lighting strong, revealing pedestrians that might be obscured otherwise. The only hurdle? Nearly 15 year-old NHTSA regulation protocols.
Hess Corp. (NYSE:HES): The five nominees on the slate from Elliot Management say that they have waived their right to compensation from Elliot, as the shareholder meeting and subsequent vote looms only three days away. The move is designed to win shareholder support for the nominees, who are at odds as dissidents aimed at sparking a substantial shift on Hess’s board.
Wynn Resorts (NASDAQ:WYNN): Nomura has handed out a pile of price target lifts for gaming industry leaders, citing a favorable report on the climate in Macau which “compares the supply demand outlook today…with that of Las Vegas in 1990-2005.” Wynn gets bumped from $147 to $155, Penn National (NASDAQ:PENN) has been gifted $66 over $60, among others.
Perion Network Ltd (NASDAQ:PERI): Shares of Perion are racing after a favorable earnings beat, which saw significant improvements made to the company’s bottom line and helped earnings of $0.45 beat estimates by $0.08. The company “is hitting on all cylinders,” according to CEO Josef Mandelbaum. Revenue of $27.6 million set a first quarter record for Perion.