Guest View
User: Pass: | become a member
Author Archive for Insider Scoop

Why Shares Of Gilead Sciences Are Trading Higher

Courtesy of Benzinga.

Why Shares Of Gilead Sciences Are Trading Higher

Related GILD
How Gilead And Johnson & Johnson's Tumble Could've Burned These Hedge Funds
Benzinga's Top #PreMarket Losers
Making Money With Charles Payne: 12/22/14 (Fox Business)

Shares of Gilead Sciences, Inc. (NASDAQ: GILD) were trading higher by more than two percent in Friday’s pre-market session.

The move is being attributed to a possible report by analysts at RBC stating that the company could launch a buyback program of $10 billion or more.

Gilead Sciences’ $138 billion market cap and $7.7 billion in cash and investments (along with $9.4 billion in debt) could support the company tapping in to the debt market to undertake such an initiative.

Gilead Sciences previously spent $1.7 billion on buybacks during the third quarter and the company’s Chief Financial Officer Robin Washington stated during the post-earnings conference call that buybacks is the preferred method of choice for returning value to shareholders.

Shares were last up 1.7 percent at $92.86 in the pre-market session.

Posted-In: RBC Robin Washington Share BuybacksLong Ideas News Movers Trading Ideas Best of Benzinga

US Stock Futures Up; Gold Futures Rise 2%

Courtesy of Benzinga.

US Stock Futures Up; Gold Futures Rise 2%

Related ACTG
US Stock Futures Down Ahead Of Industrial Production Data
US Stock Futures Edge Higher; Crude Oil Rises

Related SPPI
Benzinga's Top Initiations
Jefferies Initiates Spectrum Pharmaceuticals With Hold

Pre-open movers

US stock futures traded higher in early pre-market trade. Gold futures gained 2.04% to trade at $1,197.40 an ounce. Futures for the Dow Jones Industrial Average jumped 28 points to 18,016.00, while the Standard & Poor’s 500 index futures rose 2.90 points to 2,081.70. Futures for the Nasdaq 100 index climbed 12.25 points to 4,294.75.

A Peek Into Global Markets

European markets are closed today.

In Asian markets, Japan’s Nikkei Stock Average jumped 0.06%, China’s Shanghai Composite Index climbed 2.77% and India’s Sensex rose 0.12%.

Broker Recommendation
Argus Research maintained Nike, Inc. (NYSE: NKE) with a Buy and raised the price target from $102.00 to $110.00.

Nike’s shares gained 0.33% to close at $96.29 on Wednesday.

Breaking news

  • Acacia Research Corporation (NASDAQ: ACTG) announced today that its Credit Card Fraud Control Corporation subsidiary has entered into a settlement and patent license agreement with TCSP Inc. dba TrustCommerce. To read the full news, click here.
  • Spectrum Pharmaceuticals (NASDAQ: SPPI) today announced the company has submitted a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for the approval of Captisol-Enabled Melphalan (CE-Melphalan) HCl for injection (propylene glycol-free) for use as a high-dose conditioning treatment prior to hematopoietic progenitor (stem) cell transplantation in patients with multiple myeloma.To read the full news, click here.
  •, known as the ‘eBay of real estate, is being accused of using shill bidders to inflate prices, according to a lawsuit filed in California, as reported by the NY Post. To read the full news, click here.
  • The euro slipped lower on Friday morning as markets eased back into full swing following the Christmas holidays. The common currency traded at $1.292 at 8:45 GMT, weighed down by encouraging U.S. data. To read the full news, click here.

Posted-In: US Stock Futures WedbushNews Eurozone Futures Global Pre-Market Outlook Markets

Wunderlich Comments On DirecTV & Disney's Agreement

Courtesy of Benzinga.

Wunderlich Comments On DirecTV & Disney's Agreement

Related DIS
Jefferies Cut Estimates On Media And Entertainment
Benzinga's Top Downgrades
Making Money With Charles Payne: 12/5/14 (Fox Business)

Earlier this week, DirecTV (NASDAQ: DTV) and Walt Disney Co (NYSE: DIS) finalized a new agreement that covers linear networks and on-demand streaming content. The pact includes the launch of Fusion, Longhorn Network, ESPN, Goal Line and Buzzer Beater while also including the eight owned and operated ABC broadcast stations.

As part of the deal, DirecTV Everywhere programming and in-home streaming is now available on tablets, smartphones and PCs.

In a note on Friday, Matthew Harrigan of Wunderlich Securities commented that the agreement should emerge as a “nice strategic and tactical positive” move for DirecTV especially as AT&T Inc. (NYSE: T) continues to emphasize mobile video capabilities.

According to Harrigan, the recent soft launch of Yaveo, an over-the-top Spanish language entertainment experience demonstrates DirecTV's “continued product innovation.” The analyst also notes that the recently launched DirecTV-14 will be “pivotal” to its 4K ambitions.

Harrigan states DirecTV's developments comes against a backdrop of “continued friction” between Dish Network Corp (NASDAQ: DISH) and programmers. The analyst does note that Dish Network does have agreements with Walt Disney, but programming fictions could continue to dampen its core video business.

Shares of DirecTV are Hold rated with a $95 price target.

Image credit: Wmachine, Wikimedia

Latest Ratings for DIS

Date Firm Action From To
Dec 2014 Topeka Capital Downgrades Buy Hold
Dec 2014 UBS Initiates Coverage on Buy
Nov 2014 Barclays Maintains Equal-weight

View More Analyst Ratings for DIS
View the Latest Analyst Ratings

Posted-In: ABC disney ESPN Matthew Harrigan Wunderlich Securities YaveoAnalyst Color Analyst Ratings Best of Benzinga

Must Watch Stocks for Today

Courtesy of Benzinga.

Must Watch Stocks for Today

Related CALM
Cal-Maine Foods Misses Q2 Views; Egg Rules Roil Outlook
Earnings Scheduled For December 23, 2014
Making Money With Charles Payne: 10/13/14 (Fox Business)

Related CAMP
Earnings Scheduled For December 23, 2014
Mid-Day Market Update: Infoblox Rises On Upbeat Results; SeaDrill Shares Slide

Some of the stocks that may grab investor focus today are:

Cal-Maine Foods, Inc. (NASDAQ: CALM) reported weaker-than-expected second-quarter earnings and warned that new rules for egg producers in California could hurt 2015 results. Cal-Maine Foods shares slipped 7.81% to $40.73 in the after-hours trading session.

Shares of Walgreen Co. (NYSE: WAG) surged over 3% on Tuesday after the company reported stronger-than-expected fiscal first-quarter earnings. Walgreen shares rose 0.38% to $76.80 in after-hours trading.

CalAmp Corp. (NASDAQ: CAMP) reported upbeat earnings for the third quarter. However, the company issued a weak Q4 revenue forecast. CalAmp shares tumbled 6.19% to $18.50 in the after-hours trading session.

Equinix, Inc. (NASDAQ: EQIX) reported that its board approved Equinix’s conversion to a real estate investment trust. Equinix shares gained 0.86% to $233.97 in after-hours trading.

Shares of NQ Mobile Inc. (NYSE: NQ) climbed more than 35% on Tuesday after the company unveiled an million buyback to be paid for using existing cash. NQ Mobile shares gained 0.64% to $4.71 in after-hours trading.

Posted-In: Stocks To WatchEarnings News Pre-Market Outlook Markets Trading Ideas

Digital Ally, Taser Shares Up Sharply Following Latest Missouri Police Shooting

Courtesy of Benzinga.

Related DGLY
TASER, Digital Ally Surge On L.A. Camera Purchase
Digital Ally Soars Amid News Of Houston Plan For Police Body Cameras

Related TASR
Benzinga's Top #PreMarket Gainers
CNBC's Stock Pops & Drops From December 22: BlackBerry, Finish Line And More
Making Money With Charles Payne: 10/31/14 (Fox Business)

A police officer shot and killed an armed man late Tuesday in Berkeley, Missouri, said St. Louis County police spokesman Brian Schellman. Berkeley borders the city of Ferguson, where the shooting of black teen Michael Brown in August created nationwide uproar.

According to St. Louis County Police, a police officer was conducting a routine check at a gas station at about 11:15 p.m. local time. The officer saw two male suspects and approached them. One man pulled a handgun and pointed it at the police office, when the police officer then fired.

In the wake of the most recent shooting, shares of Digital Ally, Inc. (NASDAQ: DGLY) and Taser International, Inc. (NASDAQ: TASR) were trading up in Wednesday's premarket, as the expectation for body camera and surveillance technology will likely heighten.

Digital Ally was last quoted at $16.51, up 11.08 percent.

Taser was higher by 2.23 percent at $26.60.

Posted-In: News Hot Pre-Market Outlook

Benzinga's Top #PreMarket Gainers

Courtesy of Benzinga.

Related ACHN
Mid-Day Losers From December 23: Achillion Pharmaceuticals, Doral Financial, Keurig Green Mountain And More
Worst Performing Industries For December 23, 2014

Navigator Holdings Ltd. (NYSE: NVGS) shares jumped 6.48% to $19.06 in pre-market trading on positive Jim Cramer/Mad Money comments.

Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN) shares gained 5.15% to $12.45 in the pre-market trading session after dropping 23.56% on Tuesday.

Virgin America Inc. (NASDAQ: VA) shares jumped 3.04% to $36.90 in pre-market trading. Analysts at Deutsche Bank initiated coverage on shares of Virgin America with a Buy rating.

GoPro, Inc. (NASDAQ: GPRO) shares surged 2.18% to $62.88 in pre-market trading after gaining 6.10% on Tuesday.

TASER International Inc. (NASDAQ: TASR) shares rose 3.31% to $26.88 in pre-market trading after falling 0.15% on Tuesday.

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

Deutsche Bank Initiates Coverage On Virgin America, Calls It 'A Unique Low Cost Carrier'

Courtesy of Benzinga.

Michael Linenberg of Deutsche Bank initiated coverage of Virgin America Inc (NASDAQ: VA) on Wednesday with a Buy rating and $44 price target as shares are an “attractive” way to gain exposure to the U.S. domestic market.

According to Linenberg, Virgin America offers investors a compelling story as it is a low-cost carrier pursuing a unique strategy of targeting price-sensitive business travelers and high-end leisure customers that want to travel with a “hip, high-tech, high-touch travel experience.”

Linenberg notes that Virgin America offers lower prices relative to its peers for its three class product by flying a single aircraft type, high-asset utilization while outsourcing all functions that are non-passenger facing such as baggage delivery. The analyst adds that given the company’s size it “doesn’t take much to move the needle” with respect to growth.

Latest Ratings for VA

Date Firm Action From To
Dec 2014 Barclays Initiates Coverage on Overweight
Dec 2014 Cowen & Company Initiates Coverage on Outperform
Dec 2014 Deutsche Bank Initiates Coverage on Buy

View More Analyst Ratings for VA
View the Latest Analyst Ratings

Posted-In: air carriers Deutsche Bank Michael Linenberg Virgin AmericaAnalyst Color Price Target Initiation Analyst Ratings

Jefferies Comments On Sony's Restructuring Efforts

Courtesy of Benzinga.

Related SNE
Sony Continues Its Backtrack On 'The Interview'
GoPro Faces Competition, Potential Short Squeeze Amid Lock-Up Expiration
Sony: 'The Interview' to Play in Some Theaters Christmas Day (Fox Business)

Jefferies commented on the Sony Corp (ADR) (NYSE: SNE) restructuring plan Wednesday. The firm maintained a Buy rating and a $29.80 price target.

Analyst Atul Goyal wrote he liked “Sony's ongoing restructuring efforts, led by CFO Ken Yoshida” and highlighted three moves by the company.

1. "Selling stake in its logistics business – allows it to focus on core and to bring in cash. Sony will sell its 66 percwent stake in subsidiary SSCS-J to Mitsui-Soko for ¥18b (implied PER of c. 30x). We believe companies do well when they focus on fewer business lines and particularly when they need to turn around."

2. "Reexamining strategy of tablets in the mid-term. Hiroki Totoki, CEO of Sony Mobile, recently told media that Sony's tablet does not have presence outside Japan and is not competitive in terms of price or features. The tablet business accounts for <5 percnet of Sony Mobile revenues. We like Mr. Totoki’s grounded and forthright view of Sony’s position, which also is a clear signal for what lies ahead."

3. "Redeeming convertible bonds – 1.3 percent positive EPS impact. Sony will redeem outstanding CBs due 2017 (issued Nov 30, 2012, total amount ¥150b, CP ¥957; as of 17-Dec-2014 outstanding bonds c. ¥14.46b). Earlier we assumed full dilution, but now this redemption will reduce total o/s shares by c. 1.3 percent (equivalent to 15.1m shares based on ¥957 CP) and increase EPS by 1.3 percent."

Sony recently traded at $21.32, up 2.21 percent.

Latest Ratings for SNE

Date Firm Action From To
Nov 2014 JP Morgan Upgrades Neutral Overweight
Nov 2014 UBS Upgrades Sell Neutral
Nov 2014 Jefferies Maintains Buy

View More Analyst Ratings for SNE
View the Latest Analyst Ratings

Posted-In: Atul Goyal Hiroki Totoki Jefferies Ken YoshidaAnalyst Color Analyst Ratings

Bison Capital Spokesperson Tells Benzinga Bison's Management Team Will have No Comments Regarding NQ Mobile Deal Until it's Closed

Courtesy of Benzinga.

A spokesperson for Bison Capital Holding Company told Benzinga late Monday, that “Bison’s management team will have no comments regarding NQ (Mobile Inc.) (NYSE: NQ) deal until it’s closed.” The spokesperson would not respond to questions regarding Bison’s original $9.80 per ADS offer for NQ received on July 30, 2014. That offer was rejected by NQ’s Board on October 28.

Shares of the Beijing-based mobile Internet services provider have plummeted, since hitting a high of $22.33 in February. NQ has been besieged by problems, which began in October 2013, when Carson Block’s Muddy Waters Research came out with a “strong sell” on the company, claiming it was massive fraud. Muddy Waters claimed NQ misrepresented cash balances.

This month alone, the company’s Co-founder, Chairman and Co-CEO Dr. Henry Yu Lin stepped down, NQ announced the sale of its game unit, FL Mobile, and the company announced disappointing financial results for the first three quarters of the year.

Benzinga reached out to NQ Mobile Co-CEO Omar Khan, regarding talks with Bison and its founder Xu Peixin, but did not receive a response.

NQ Mobile shares fell 15% Monday, to close at $3.46. That’s just above the 52-week low.

Posted-In: News Management M&A Movers

What Does Morgan Stanley Have To Say About Twitter's New Features?

Courtesy of Benzinga.

What Does Morgan Stanley Have To Say About Twitter's New Features?

Twitter Inc (NYSE: TWTR) announced several new products and services in recent weeks. The company introduced Twitter Ad Products called Offers on November 25, a mobile measurement tool called Answers on December 4 and Tailored audiences for mobile apps on December 9.

Benjamin Swinburne of Morgan Stanley commented in a note on Tuesday that Twitter’s new products appear to be working for advertisers with high return on investments, cost per engagement based ads that are uniquely mobile.

“While we are impressed with the company’s ability to serve advertisers by leveraging mobile, it is less clear how meaningful the consumer product enhancements will be in driving user growth,” Swinburne wrote. The analyst adds that the company’s recent changes could improve measurements and optimization on the platform, however Twitter already monetizes its U.S. users “well above” Facebook Inc on a CPM basis.

Swinburne also notes that Twitter’s Private Message and Search Functions “seem fairly incremental,” and it is not clear if these features will drive monthly average user growth.

Shares of Twitter are Equal-weight rated with a $42 price target.

Latest Ratings for TWTR

Date Firm Action From To
Dec 2014 Oppenheimer Initiates Coverage on Perform
Dec 2014 Pivotal Research Upgrades Hold Buy
Dec 2014 Evercore ISI Maintains Buy

View More Analyst Ratings for TWTR
View the Latest Analyst Ratings

Posted-In: Answers Benjamin Swinburne Morgan Stanley Offers Twitter Ad ProductsAnalyst Color Analyst Ratings Best of Benzinga


Chart School

Here's Why Trendlines are Your New Best Friend, Part 3

Here's Why Trendlines are Your New Best Friend, Part 3

See how trendlines help you make calculated trading decisions

Courtesy of Elliott Wave International

Have you ever seen Donald Duck play pool? Trust us, it isn't pretty.

An expert pool player, on the other hand -- well, he can just look at the billiards table and imagine lines drawn out, marking the trajectory the cue ball must take to make the shot. ...

more from Chart School

Zero Hedge

The Utter Craziness Of Monetarism Is On Full Display

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Jeffrey P. Snider via Alhambra Investment Partners,

Why Can't Oil Be Oil?

For most commentary on the recent and sharp decline in oil prices, there is a serious ceteris paribus to it especially from those that don’t recognize that there are much deeper financial forces. The following is excerpted as an example of the closed system approach, as if there is a world of difference that can allow “decoupling.”

What matters is what’s causing prices to...

more from Tyler

Phil's Favorites

Supply, demand and the price of oil

Supply, demand and the price of oil

Courtesy of James Hamilton of Econbrowser

A few weeks ago I offered some calculations suggesting that lower demand for oil might account for about $20/barrel of the dramatic decline in the price of oil since last summer. Here I point to some other evidence consistent with that conclusion.

Last week the IMF’s Rabah Arezki and Olivier Blanchard produced a very useful assessment of the role of supply and demand in the recent oil price decline. They note f...

more from Ilene


Swing trading portfolio - week of December 29th, 2014

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 ...

more from OpTrader

Market Shadows

GDP is not a predictor of stock market performance

There may be no correlation between economic growth (GDP) and the stock market in the US; and in China too, as shows below. This is because GDP only partially reflects corporate earnings and because earnings are only one factor affecting the performance of the stock market. So what of the frenetic trading around the weekly and monthly economic reports? A lot of noise. 

In fact, rainfall is a better predictor of the stock market than GDP. Will Deener writes:

Vanguard examined U.S. stock returns back to 1926 to assess the impact of more tha...

more from Paul

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...

more from David


Sector Detector: Fed's patience puts bulls in a hurry

Courtesy of Sabrient Systems and Gradient Analytics

U.S. stocks found support once again last week and rallied on strong volume. Of course, the main catalyst was the FOMC policy statement on Wednesday that maintained its dovish language with a pledge of considerable time before raising the fed funds rate and adding that it would be patient as it begins the process of normalizing monetary policy. The result was yet another classic V-bottom. Ho, ho, ho. Say hello to Santa Claus.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-ranked stocks from the top-rank...

more from Sabrient


2015 - Biotech Fever

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

PSW Members - well, what a year for biotechs!   The Biotech Index (IBB) is up a whopping 40%, beating the S&P hands down!  The healthcare sector has had a number of high flying IPOs, and beat the Tech Sector in total nubmer of IPOs in the past 12 months.  What could go wrong?

Phil has given his Secret Santa Inflation Hedges for 2015, and since I have been trying to keep my head above water between work, PSW, and baseball with my is time that something is put together for PSW on biotechs in 2015.

Cancer and fibrosis remain two of the hottest areas for VC backed biotechs to invest their monies.  A number of companies have gone IPO which have drugs/technologies that fight cancer, includin...

more from Pharmboy

Digital Currencies

Chart o' the Day: Don't "Invest" in Stupid Sh*t

Joshua commented on the QZ article I posted a couple days ago and perfectly summarized the take-home message into an Investing Lesson. 

Chart o’ the Day: Don’t “Invest” in Stupid Sh*t

Courtesy of 

The chart above comes from Matt Phillips at Quartz and is a good reminder of why you shouldn’t invest in s...

more from Bitcoin

Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's this week's Stock World Weekly.

Click here and sign in with your user name and password. 



more from SWW

Option Review

SPX Call Spread Eyes Fresh Record Highs By Year End

Stocks got off to a rocky start on the first trading day in December, with the S&P 500 Index slipping just below 2050 on Monday. Based on one large bullish SPX options trade executed on Wednesday, however, such price action is not likely to break the trend of strong gains observed in the benchmark index since mid-October. It looks like one options market participant purchased 25,000 of the 31Dec’14 2105/2115 call spreads at a net premium of $2.70 each. The trade cost $6.75mm to put on, and represents the maximum potential loss on the position should the 2105 calls expire worthless at the end of December. The call spread could reap profits of as much as $7.30 per spread, or $18.25mm, in the event that the SPX ends the year above 2115. The index would need to rally 2.0% over the current level...

more from Caitlin

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 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.

Thank you for you time!

FeedTheBull - Top Stock market and Finance Sites

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...

Learn more About Phil >>

As Seen On:

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.

Market Shadows >>