Author Archive for Insider Scoop

Why CarMax Is A 'Favorite' Stock At Oppenheimer

Courtesy of Benzinga.

Why CarMax Is A 'Favorite' Stock At Oppenheimer

Related KMX
KeyBanc Foresees Consolidation Among Auto Retailers
CarMax Shares Sputter Following Lower Revenues

In a report published Friday, Oppenheimer analyst Brian Nagel maintained an Outperform rating on CarMax, Inc (NYSE: KMX) with a price target of $77.

CarMax’s 1Q (May) results were hit by unfavorable weather and lumpy trends. “Market concerns of an underlying unfavorable turn at KMX seem overblown. Weather-related sales weakness at the chain typically proves transitory,” analyst Brian Nagel mentioned.

The company’s 1Q EPS was up 13 percent to $0.86, from $0.76 in the year ago quarter. The used car unit comps in the period were up 4.9 percent, narrowly missing the upper end of street forecasts of 5-6 percent. CarMax’s shares have declined by a little over 7 percent since the announcement of the company’s 1Q performance.

In the report Oppenheimer noted that results of a proprietary study revealed that “44 of 253 May “Prime” selling days at KMX stores located in the South-Central US were impacted by 0.5″ or more rain YoY. Per our estimates, May showers in these markets likely lowered Q1 (May) used car unit comps by 60-120 bps.”

The used car unit comps for CarMax would ease in 2Q (August). “In Q2 (Aug.) 2014 used car unit comps at KMX rose just 0.2% vs. +3.4% in Q1’14 (May 2014). Current Street forecasts for a mid-single digit comp gain in Q2 (Aug.) imply a moderation of a few % pts. in two-year comp trends,” the report added.

CarMax’s growth prospects are expected to be driven by its expansion potential, a broad-based strengthening in consumer demand for autos as recessionary pressures ease and its dominant online presence.

Latest Ratings for KMX

Date Firm Action From To
Jun 2015 SunTrust Robinson Humphrey Initiates Coverage on Neutral
May 2015 Sterne Agee Initiates Coverage on Buy
Apr 2015 Stifel Nicolaus Maintains Buy

View More Analyst Ratings for KMX
View the Latest Analyst Ratings

Posted-In: Brian Nagel OppenheimerAnalyst Color Reiteration Analyst Ratings Best of Benzinga





Onvia Appoints Chris Woerner as SVP of Product Management

Courtesy of Benzinga.

Related ONVI
Onvia Files Definitive Proxy Materials and Sends Letter to Stockholders; Urges Stockholders to Reject Symphony's Opportunistic Attempt to Acquire Onvia
Onvia Confirms Receipt of Unsolicited Conditional Proposal at $4.25 per Share; Sais Proposal Is Inadequate

Onvia (Nasdaq: ONVI), announced today the appointment of Chris Woerner to the company’s executive management team as the Senior Vice President of Product Management.

Woerner brings over 20 years of experience in software development, software product management and product marketing to Onvia. In his role, Woerner will lead Onvia’s Product and User Experience teams in the continued development and management of Onvia’s business intelligence platform for state and local government contractors.

Prior to joining Onvia, Woerner served as VP Product Management at CDK Global, a spin-off from ADP Dealer Services. Woerner has also held software management positions with InstallShield Software, Quaker Oats and Andersen Consulting.

“We are very excited to have Chris join our executive team. His proven success in building world-class products and exceptional customer experiences at B2B software organizations will advance Onvia’s solutions to better help companies strategically plan, market and sell to government agencies,” stated Hank Riner, President and CEO of Onvia.

Riner continued, “We have innovated rapidly to meet the needs of our clients and give them more visibility into the massive state and local government market. In the last 18 months alone, we’ve added competitive intelligence and pricing analytics capabilities to our core platform and launched a completely new search experience to help our customers uncover new government business opportunities. Chris’ leadership will allow us to continue to add powerful new experiences to our solution and help our customers increase their sales in the public sector.”

Posted-In: News Management Press Releases





Morning Market Gainers

Courtesy of Benzinga.

Related RGSE
Big Swings In Solar Short Interest In June
Friday's Mid-Day Movers: Micron, Winnebago, Cleveland BioLabs And More
InsiderInsights.com Daily Round Up 6/29/15: Veeva Systems, Memorial Resource Development, Atlas Energy, Real Goods Solar (Seeking Alpha)

Related XOOM
Benzinga's Top Downgrades
Xoom Bidding War? SunTrust Says Western Union, Facebook, Google, Others Could Come Forward
Premarket Gainers / Losers as of 9:10 am (Seeking Alpha)

Real Goods Solar, Inc. – Class A (NASDAQ: RGSE) jumped 34.04 percent to $2.52. On Wednesday, RGS Energy completed a $5 million public offering of common stock and warrants.

Xoom Corp (NASDAQ: XOOM) shares surged 20.74 percent to $24.99 after the company agreed to be acquired by Paypal for $890 million, or $25 per share.

ConforMIS Inc (NASDAQ: CFMS) shares surged 16.88 percent to $22.50 after gaining 28.33 percent on Wednesday.

Applied Genetic Technologies Corp (NASDAQ: AGTC) rose 16.36 percent to $18.92. Biogen Inc (NASDAQ: BIIB) and AGTC announced entering into a collaboration related to the development of gene therapies in ophthalmology.

Health Net, Inc. (NYSE: HNT) jumped 16.11 percent to $75.54 after Centene Corp (NYSE: CNC) announced its plans to acquire Health Net.

Chart Industries, Inc. (NASDAQ: GTLS) shares rose 8.55 percent to $36.93. Chart Industries will replace IGATE Corp (NASDAQ: IGTE) in the S&P SmallCap 600 after the close of trading on July 6.

Progress Software Corporation (NASDAQ: PRGS) shares gained 6.54 percent to $29.99 after the company reported better-than-expected earnings for its fiscal second quarter and lifted its FY15 outlook. The company appointed Jerry Rulli as COO.

BP plc (ADR) (NYSE: BP) shares rose 4.28 percent to $40.95 following settlement news related to deepwater horizon.

Tesla Motors Inc (NASDAQ: TSLA) shares gained 3.93 percent to $279.72 on strong Model S delivery numbers. Tesla reported delivery of 11,507 vehicles in the second quarter. Bank of America maintained Tesla with a Underperform and raised the price target from $65.00 to $180.00.

Posted-In: Market GainersNews Intraday Update Markets Movers





BMO Capital Upgrades Kosmos Energy To Outperform

Courtesy of Benzinga.

Related KOS
Kosmos Energy Announces Increase In Credit Facility To $400M From $300M & Maturity Extended 3-Years To Nov 2018.
Kosmos Energy Provides Update on Mauritania Drilling

Analysts at BMO Capital upgraded Kosmos Energy Ltd (NYSE: KOS) from Market Perform to Outperform.

Kosmos Energy shares have dropped 28.17 percent over the past 52 weeks, while the S&P 500 index has surged 4.63 percent in the same period.

Kosmos Energy shares dropped 5.99 percent to close at $7.93 yesterday.

Latest Ratings for KOS

Date Firm Action From To
Jul 2015 BMO Capital Upgrades Market Perform Outperform
May 2015 Deutsche Bank Upgrades Hold Buy
Apr 2015 Citigroup Maintains Neutral

View More Analyst Ratings for KOS
View the Latest Analyst Ratings

Posted-In: BMO CapitalUpgrades Analyst Ratings





How The Xoom Acquisition Gives PayPal 'Instant' And 'Compelling' Capabilities

Courtesy of Benzinga.

Related EBAY
Everyone's Talking About PayPal's Acquisition Of Xoom
Benzinga's M&A Chatter for Wednesday July 1, 2015
Today's Market: Tech Mergers & Increased Scrutiny By Regulators Over Deals (Both Current And Past) (Seeking Alpha)

Related
PayPal Updates User Agreement, Apologizes To Users
NY Attorney General Questions eBay And Paypal's New 'Robocall' Policy
Wall Street Breakfast: All Eyes On Jobs (Seeking Alpha)

In a report published Thursday, Keefe, Bruyette & Woods analyst Sanjay Sakhrani maintained an Outperform rating on eBay Inc (NASDAQ: EBAY), with a price target of $70, after news of Paypal, Inc. entering into an agreement to acquire Xoom Corp (NASDAQ: XOOM).

Xoom is a digital money transfer provider and its acquisition allows PayPal to offer an additional product to existing customers and “broaden its appeal to new customers, while also heightening customer engagement (remittance is a high-repeat business) with a focus on key regions (more specially, Mexico, India, the Philippines, China and Brazil),” analyst Sanjay Sakhrani said.

In the report Keefe, Bruyette & Woods noted, “Additionally, international money transmittance is a highly adjacent business to P2P payments and digital wallets, which is PayPal’s core business…Despite a fairly rich valuation, XOOM is growing quickly and brings to the table a scalable, bolt-on platform to help offer additional value-add and adjacent services to existing customers.”

PayPal plans to finance the acquisition entirely with cash and expects the deal to close in 4Q15. In view of the expected onetime integration costs, the deal is expected to be “slightly dilutive” to PayPal’s non-GAAP EPS in FY16, Sakhrani mentioned.

Sakhrani believes that enhancing its consumer value proposition is “the right thing” for PayPal to do. Moreover, the company’s cash position at the time of the split was estimated at about $6 billion. “…we are encouraged by the company’s willingness to add to its technological capabilities and continue to build its competitive moat,” the report added.

Latest Ratings for EBAY

Date Firm Action From To
Jun 2015 Mizuho Securities Initiates Coverage on Neutral
Jun 2015 Keefe Bruyette & Woods Maintains Outperform
May 2015 Topeka Capital Initiates Coverage on Buy

View More Analyst Ratings for EBAY
View the Latest Analyst Ratings

Posted-In: Keefe Keefe Bruyette & WoodsAnalyst Color Reiteration Analyst Ratings





ALLETE Clean Energy Acquires Pennsylvania Wind Facility

Courtesy of Benzinga.

Related ALE
Benzinga's Top Downgrades
JP Morgan Downgrades ALLETE To Underweight

ALLETE Clean Energy (ACE), a wholly-owned subsidiary of ALLETE, Inc. (NYSE: ALE), has closed on the purchase of a 100.5-megawatt (MW) Pennsylvania wind farm from The AES Corporation (AES).

ACE acquired the wind facility near Troy, Pennsylvania, called Armenia Mountain from AES and a non-controlling interest from a minority shareholder for a total of $108 million, plus the assumption of existing debt.

ALLETE Clean Energy exercised an option to purchase the facility on April 1 and signed a purchase agreement with AES on April 30.

Located in the busy PJM electricity market near the New York-Pennsylvania border, Armenia Mountain consists of 67 General Electric turbines installed in 2009. All of the facility’s energy output is sold through existing power purchase agreements that extend through 2025. It is the seventh wind facility in ACE’s portfolio. The company will operate the facility and the 11 onsite employees have been hired by ACE.

“We look forward to entering the vibrant Eastern U.S. market for renewable energy,” said ALLETE Clean Energy President Eric Norberg. “We want to build upon our operational and entrepreneurial experience to add strategic locations.”

ACE was established in 2011 to acquire or develop capital projects to create energy solutions by way of wind, solar, biomass, hydro, natural gas, shale resources, clean coal technology and other emerging energy innovations. ALLETE’s combined portfolio of operating wind assets controlled by ACE and Minnesota Power now totals more than 1,000 MW.

“This latest acquisition further builds momentum at our clean energy subsidiary and demonstrates that ALLETE continues to effectively execute its multi-year, multi-faceted growth strategy as the market evolves and our company answers the call of the nation’s changing energy landscape,” said Alan R. Hodnik, ALLETE chairman, president and CEO.

ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth, Minnesota, BNI Coal in Center, North Dakota, U.S. Water Services in St. Michael, Minnesota, and has an eight percent equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com.

Posted-In: News M&A Press Releases





Benzinga's Top #PreMarket Gainers

Courtesy of Benzinga.

Related XOOM
How The Xoom Acquisition Gives PayPal 'Instant' And 'Compelling' Capabilities
Must Watch Stocks for July 2, 2015
Wall Street Breakfast: All Eyes On Jobs (Seeking Alpha)

Related AGTC
AGTC Earlier Reported New Data Showing Support for Novel Gene-Based Therapies for Rare Inherited Retinal Diseases
US Stock Futures Tumble Ahead Of Wholesale Inventories Data
Biogen and AGTC team up in gene therapies for ophthalmic diseases; AGTC up 21% premarket (Seeking Alpha)

Xoom Corp (NASDAQ: XOOM) shares climbed 23.04 percent to $25.47 in pre-market trading after the company agreed to be acquired by Paypal for $890 million, or $25 per share.

Applied Genetic Technologies Corp (NASDAQ: AGTC) gained 17.47 percent to $19.10 in pre-market trading. Biogen Inc (NASDAQ: BIIB) and AGTC announced entering into a collaboration related to the development of gene therapies in ophthalmology.

Progress Software Corporation (NASDAQ: PRGS) shares rose 8.13 percent to $30.44 in pre-market trading after the company reported better-than-expected earnings for its fiscal second quarter and lifted its FY15 outlook. The company appointed Jerry Rulli as COO.

ConforMIS Inc (NASDAQ: CFMS) shares rose 6.49 percent to $20.50 in pre-market trading after gaining 28.33 percent on Wednesday.

Tesla Motors Inc (NASDAQ: TSLA) shares climbed 4.77 percent to $281.99 in pre-market trading on strong Model S delivery numbers. Tesla reported delivery of 11,507 vehicles in the second quarter. Bank of America maintained Tesla with a Underperform and raised the price target from $65.00 to $180.00.

Posted-In: PreMarket GainersNews Pre-Market Outlook Markets Movers





Goldman Comments On Vertex Pharmaceuticals Following FDA Approval

Courtesy of Benzinga.

Related VRTX
Goldman on Vertex: We Await Orkambi Pricing Details, Expect To Be On Par WIth Kalydeco ($312K/Yr) Given Strong Secondary Endpoint And Historical Analysis Of Orphan Drug Pricing
Benzinga's Top #PreMarket Gainers
FDA clears Vertex's Orkambi; shares up 4% (Seeking Alpha)

Shares of Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) were trading higher by nearly 4 percent on Thursday after the FDA approved the company’s Orkambi (lumacafor/ivacaftor) for the treatment of cystic fibrosis patients 12 years and older.

Commenting on the FDA’s approval, Terence Flynn, PhD of Goldman Sachs noted that the timing and decision by the FDA was in-line with the July 5 PDUFA date and follows the FDA AdCom’s 12-1 recommendation for approval in May.

Flynn noted that the drug’s label is not yet available, but based on the FDA AdCom he isn’t expecting any surprises. The analyst also added that pricing of Orkambi is not yet available, but is expected to be on par with Kalydeco ($312,000 a year) in the U.S. given a strong secondary endpoint data. Other reasons to support the $312,000 per year cost includes the fact that the analyst is not aware of any precedents to significantly cut prices on already approved drugs and an analysis of historical orphan drug pricing.

Looking forward, the analyst is now expecting investor focus to shift to the drug’s launch trajectory and the company’s earnings power. The launch is expected to boost the company to profitability and the analyst is now modeling the company to report a non-GAAP earnings per share of $6.54 in 2016 and $9.75 in 2017.

Shares remain Buy rated with an unchanged price target of $142 based on a 70/30 percent blend of DCF ($133) and M&A ($165).

Latest Ratings for VRTX

Date Firm Action From To
Jun 2015 RBC Capital Maintains Outperform
Apr 2015 Citigroup Maintains Buy
Apr 2015 Oppenheimer Assumes Perform

View More Analyst Ratings for VRTX
View the Latest Analyst Ratings

Posted-In: AdCom Cystic Fibrosis FDAAnalyst Color Health Care FDA Analyst Ratings General





Citi: Apple Still Top Pick In IT

Courtesy of Benzinga.

Related AAPL
Is Apple's New Battery Replacement Plan Bad For The Environment?
Fast Money Picks For July 2
After The Recent Rout Micron Is A Very Strong Buy (Seeking Alpha)

In a report published Wednesday, Citigroup analyst Jim Suva discussed the Information Technology sector and offered his top picks heading into the second quarter earnings season.

Suva noted overall IT spending (excluding handsets) in 2015 is expected to remain "tempered" at 3 percent in constant currency terms. The analyst added that the IT market is "stable overall," but PC data points continue to weaken.

In terms of foreign exchange, Suva stated that shifts in the value of currencies could prove to be a "slight" tailwind during the quarter given recent moves in the euro, following a couple of quarters of "significant" headwinds.

"While 2013 was a year of stock buyback and dividend announcements, and 2014 was a year better than feared for PCs, we see 2015 focused on M&A with the distributors being very active as well," Suva wrote. "We also see continued shifting enterprise spending away from traditional IT spending (servers and storage) and more toward security, software, cloud, big data, data analytics, and smart/mobile marketing/apps."

Apple Remains Top Pick

Suva stated that Apple Inc. (NASDAQ: AAPL) remains his top pick, especially among "jumbo mega cap" names. The analyst added that "solid" demand for its devices coupled with aggressive promotions from carriers to enable "easier than ever" upgrades to new devices continued in the quarter.

Suva also pointed out that Apple shares are still trading at an "attractive" valuation level of 10-11x next 12-months (NTM) earnings per share cash.

Hewlett-Packard Company (NYSE: HPQ) is Suva's top pick among large caps ahead of its break up.

Xerox Corp (NYSE: XRX) is the analyst's top mid-cap pick as it utilizes proceeds from the sale of its IT Outsourcing business to pursue accretive acquisitions in services.

Finally, Electronics For Imaging, Inc. (NASDAQ: EFII) is the top small-cap pick given its increasing traction in the higher margin ceramic ink market.


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Global Satellite Internet Network Could Be A Game-Changer… Here's How To Profit From It

Courtesy of Benzinga.

Global Satellite Internet Network Could Be A Game-Changer… Here's How To Profit From It
Related SATS
Hughes Awarded IDIQ Contract by State of Texas to Provide Digital Signage and Learning Management System
UPDATE: EchoStar Posts Higher Q4 Profit
Related IRDM
Iridium Announces Dnepr Rocket Qualification Dispenser Completion
Mid-Afternoon Market Update: NASDAQ Turns Higher; iGATE Shares Decline On Earnings Miss
Short Iridium: Priced To Perfection And Beyond (Seeking Alpha)

In a report published Wednesday, Macquarie Research analyst Andrew DeGasperi discussed OneWeb’s recent announcement that it has secured $500 million in funding for a network of small satellites that could connect the “other three billion” people to the Internet.

OneWeb has four years to develop and launch 650 satellites before the expiration of the ITU spectrum rights in 2019. At the same time, the costs involved “are a big question mark.” Nevertheless, if successful, OneWeb could have a “disruptive” impact to the satellite industry.

DeGasperi highlighted the impact to companies under his coverage.

Echostar Stands To Benefit The Most

Echostar Corporation (NASDAQ: SATS) stands to benefit the most, according to DeGasperi. The analyst noted that the company likely invested $40 million to $60 million and stands to win by “inexpensively hedging itself from what could be a very disruptive event with potential huge upside.”

The analyst also added that the company is likely to more than cover its investment by “several orders of magnitude” with engineering work and by developing gateway and consumer terminals.

Shares are Outperform rated with a $60 price target.

Iridium Communications: No Significant Impact

Unlike Echostar, DeGasperi isn’t expecting Iridium Communications Inc (NASDAQ: IRDM) to see any “significant” impact as its end markets are very niche and mainly focus on the higher-end satellite handsets, maritime, M2M and government applications.

Shares are Outperform rated with a $12 price target.

ViaSat: Faces Stiff Competition

Finally, DeGasperi stated that ViaSat, Inc. (NASDAQ: VSAT) would likely face competition from a combined Echostar/OneWeb on its footprint. However, the company’s “strong ties” to government and commercial partners are unlikely…
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Zero Hedge

Cash On A Greek Bank Account? *Poof* It's Gone!

Courtesy of ZeroHedge. View original post here.

Submitted by Secular Investor.

The banks in Greece have been closed for six days in a row now, and Greek citizens were allowed to retire just 60 EUR per day from their bank accounts. Some banks reopened yesterday, but only to allow pensioners to draw 120 EUR from their bank accounts where their retirement benefits were wired to. This had led to dramatical situations:

Source: AFP

The situation is worsening by the minute, and whereas the National Bank of Greece said last w...



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Phil's Favorites

This Is Why The Euro Is Finished

Courtesy of The Automatic Earth.

Walker Evans Waterfront in New Orleans. French market sidewalk scene 1935

The IMF Debt Sustainability Analysis report on Greece that came out this week has caused a big stir. We now know that the Fund’s analysts confirm what Syriza has been saying ever since they came to power 5 months ago: Greece needs debt relief, lots of it, and fast.

We also know that Europe tried to silence the report. But what’s most interesting is that this has been going on for months, as per Reuters. Ergo, the IMF has known about the -preliminary- analysis for months, and kept silent, while at the same time ‘negotiating’ with Greece on austerity and bailouts.

And if you dig a bit deeper still, there’s no avoiding the fact that the IMF hasn’t merely known this for mo...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

China's slowdown is bad news for the world's big industrial exporters (Business Insider)

China's slowing economy is a serious concern for the economies of the nearly 50 nations that count China as their top export destination.

According to economists at UBS, not only will it impact the countries where the goods are coming from, but individual industries will also be hit harder than others.

Brett Arends's ROI: Why I’d vote ‘no’ ...



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Insider Scoop

Why CarMax Is A 'Favorite' Stock At Oppenheimer

Courtesy of Benzinga.

Related KMX KeyBanc Foresees Consolidation Among Auto Retailers CarMax Shares Sputter Following Lower Revenues

In a report published Friday, Oppenheimer analyst Brian Nagel maintained an Outperform rating on CarMax, Inc (NYSE: ...



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Chart School

Chinese SSEC rally with Wyckoff Logic

Courtesy of Read the Ticker.

Supply and demand is the leading force within stock prices, you must know the tea leaves. Richard Wyckoff logic is the only known method of understanding supply and demand with the stock market.Readtheticker.com provides all the tools you need to be a Wyckoff master analyst.More from RTT Tv

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party ima...

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All About Trends

Mid-Day Update

Reminder: David is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Kimble Charting Solutions

Shanghai index creates historic reversal pattern like 2007

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

Much of the attention around the world seems to be revolving around a small country called Greece. What about the most populated country in the world (China), any key messages coming from there of late?

Well another Month, Quarter and Half a year are in the books. With this in mind I wanted to look at Monthly action of the hottest stock market in the world, the Shanghai Index. Above looks at the Shanghai index over the past 25-years. The 100%+ rally over the past year has pushed the Shanghai index up to its 23% Fibonacci ratio and a long-term resistance line, that has been in play for 25-years at (1) above.

As the Shanghai index was hitting this...



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OpTrader

Swing trading portfolio - week of June 29th., 2015

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Digital Currencies

BitGold Now Available in US! Why BitGold?

Courtesy of Mish.

BitGold USA

Effective today, BitGold Announces Platform Launch in the United States.

BitGold, a platform for savings and payments in gold, is pleased to announce the launch of the BitGold platform for residents of the US and US territories. As of today, US residents can sign up on the BitGold platform and buy, sell, or redeem gold using BitGold’s Aurum payment and settlement technology. US residents will also have access to the BitGold mobile app and a prepaid card when these features launch over the coming weeks. Send and receive gold payment features are not initially available in the US.

About BitGold

...



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Sabrient

Sector Detector: Bulls under the gun to muster troops, while bears lie in wait

Reminder: Sabrient is available to chat with Members, comments are found below each post.

Courtesy of Sabrient Systems and Gradient Analytics

Two weeks ago, bulls seemed ready to push stocks higher as long-standing support reliably kicked in. But with just one full week to go before the Independence Day holiday week arrives, we will see if bulls can muster some reinforcements and make another run at the May highs. Small caps and NASDAQ are already there, but it is questionable whether those segments can drag along the broader market. To be sure, there is plenty of potential fuel floating around in the form of a friendly Fed and abundant global liquidity seeking the safety and strength of US stocks and bonds. While the technical picture has glimmers of strength, summer bears lie in wait.

In this weekly ...



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Pharmboy

Baxter's Spinoff

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

Baxter Int. (BAX) is splitting off its BioSciences division into a new company called Baxalta. Shares of Baxalta will be given as a tax-free dividend, in the ratio of one to one, to BAX holders on record on June 17, 2015. That means, if you want to receive the Baxalta dividend, you need to buy the stock this week (on or before June 12).

The Baxalta Spinoff

By Ilene with Trevor of Lowenthal Capital Partners and Paul Price

In its recent filing with the SEC, Baxter provides:

“This information statement is being ...



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Mapping The Market

An update on oil proxies

Courtesy of Jean-Luc Saillard

Back in December, I wrote a post on my blog where I compared the performances of various ETFs related to the oil industry. I was looking for the best possible proxy to match the moves of oil prices if you didn't want to play with futures. At the time, I concluded that for medium term trades, USO and the leveraged ETFs UCO and SCO were the most promising. Longer term, broader ETFs like OIH and XLE might make better investment if oil prices do recover to more profitable prices since ETF linked to futures like USO, UCO and SCO do suffer from decay. It also seemed that DIG and DUG could be promising if OIH could recover as it should with the price of oil, but that they don't make a good proxy for the price of oil itself. 

Since...



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Promotions

Watch the Phil Davis Special on Money Talk on BNN TV!

Kim Parlee interviews Phil on Money Talk. Be sure to watch the replays if you missed the show live on Wednesday night (it was recorded on Monday). As usual, Phil provides an excellent program packed with macro analysis, important lessons and trading ideas. ~ Ilene

 

The replay is now available on BNN's website. For the three part series, click on the links below. 

Part 1 is here (discussing the macro outlook for the markets) Part 2 is here. (discussing our main trading strategies) Part 3 is here. (reviewing our pick of th...

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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!




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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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