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UPDATE: Stifel Downgrades World Point Terminals LP As Timing Of Distribution Growth Is Still Elusive

Courtesy of Benzinga.

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World Point Terminals' (WPT) Management on Q4 2014 Results – Earnings Call Transcript (Seeking Alpha)

In a report published Monday, Stifel analyst Selman Akyol downgraded the rating on World Point Terminals LP (NYSE: WPT) from Buy to Hold, and removed the $21.00 price target.

In the report, Stifel noted, “World Point Terminals LP (WPT) owns and operates crude oil and refined product storage and terminals. Management hosted its annual conference call and provided insights into the terminaling environment with expectations that storage rates for several products should continue to be supported by a contango market. In addition, WPT completed a dropdown of 0.7 million barrels of incremental storage in Greensboro, NC at the beginning of 2015 and continues to upgrade its Mobile, Alabama terminals that were acquired in June 2014.

“While the partnership’s contracted capacity decreased to 82% from 85% quarter-over-quarter on its 14.6 million barrels of storage, we continue to believe WPT will produce stable cash flow with coverage in excess of 1.0x. In addition, incremental cash flow may be realized as tanks are brought on line at its Mobile terminal. With that said, we are downgrading our rating to Hold as we believe management’s lack of commitment to grow the distribution and the lack of access to management outweighs WPT’s clean balance sheet and stable cash flow which currently produces a yield of 6.4%.”

World Point Terminals LP closed on Friday at $18.67.

Latest Ratings for WPT

Date Firm Action From To
Mar 2015 Stifel Nicolaus Downgrades Buy Hold
Nov 2014 Stifel Nicolaus Maintains Buy
Oct 2014 Bank of America Downgrades Outperform Neutral

View More Analyst Ratings for WPT
View the Latest Analyst Ratings

Posted-In: Selman Akyol StifelAnalyst Color Downgrades Analyst Ratings

Pacific Crest Initiates On Deck Capital With Outperform

Courtesy of Benzinga.

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Analysts at Pacific Crest initiated coverage on On Deck Capital, Inc. (NYSE: ONDK) with a Outperform rating.

The target price for On Deck Capital is set to $28.

On Deck Capital shares closed at $20.54 in pre-market trading.

Latest Ratings for ONDK

Date Firm Action From To
Mar 2015 Pacific Crest Initiates Coverage on Outperform
Mar 2015 Pacific Crest Initiates Coverage on Outperform
Mar 2015 Compass Point Initiates Coverage on Sell

View More Analyst Ratings for ONDK
View the Latest Analyst Ratings

Posted-In: Pacific CrestInitiation Analyst Ratings

Wunderlich Securities Reiterates Buy, Lowers PT On Superior Drilling Products Following Solid 4Q14 Report

Courtesy of Benzinga.

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Superior Drilling Products' (SDPI) CEO Troy Meier on Q4 2014 Results – Earnings Call Transcript (Seeking Alpha)

In a report published Monday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating on Superior Drilling Products, Inc. (NYSE: SDPI), but lowered the price target from $8.00 to $4.00.

In the report, Wunderlich Securities noted, “Superior Drilling Products, Inc. (SDPI) reported a solid 4Q14 as EPS of $0.02 beat our $0.00 estimate and met the Street’s $0.02. Revenues were previously announced but better margins allowed for the beat; as we stated on our 3.16.15 note, the numbers that we most care about do not sit on the income statement given the early-stage nature of the Drill N Ream product.

“With the customer count moving from 13 to 17 sequentially and the runs approaching 200 in 4Q14 across nine basins, we believe the company is building a solid base of empirical data to show the cost savings potential of its product that couldn’t be a more welcomed sight at this time. While we have reduced our estimates, primarily due to the drill bit refurbishing business that follows the rig count, we continue to like SDPI.”

Superior Drilling Products closed on Friday at $3.03.

Latest Ratings for SDPI

Date Firm Action From To
Mar 2015 Roth Capital Downgrades Buy Neutral
Jun 2014 Roth Capital Initiates Coverage on Buy
Jun 2014 Wunderlich Initiates Coverage on Buy

View More Analyst Ratings for SDPI
View the Latest Analyst Ratings

Posted-In: Jason A. Wangler Wunderlich SecuritiesAnalyst Color Price Target Analyst Ratings

Credit Suisse Reiterates Outperform, Raises PT On Dow Chemical On News Of RMT With OLN

Courtesy of Benzinga.

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In a report published Monday, Credit Suisse analyst John P. McNulty reiterated an Outperform rating on Dow Chemical Co. (NYSE: DOW), and raised the price target from $51.00 to $53.00.

In the report, Credit Suisse noted, “We believe DOW offers investors mid-teens potential upside over the next 12-18 months, given a number of positives including: 1) potential for significant cash returned to shareholders (more than we originally expected given the RMT for chlor-alkali, 2) reduced cyclicality/volatility following the chloralkali divestiture and 3) a number of projects/investments expected to start up over the next 2-3 years. With all of this and a reasonable valuation at 7X 2016 EBITDA, we are raising our PT to $53 and reiterate our Outperform rating.”

Dow Chemical closed on Friday at $47.76.

Latest Ratings for DOW

Date Firm Action From To
Mar 2015 JP Morgan Upgrades Neutral Overweight
Jan 2015 Deutsche Bank Maintains Buy
Jan 2015 Gilford Securities Upgrades Sell Neutral

View More Analyst Ratings for DOW
View the Latest Analyst Ratings

Posted-In: Credit Suisse John P. McNultyAnalyst Color Price Target Analyst Ratings

Barclays Upgrades Analog Devices To Overweight

Courtesy of Benzinga.

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Barclays upgraded Analog Devices, Inc. (NASDAQ: ADI) from Equal-weight to Overweight.

The price target for Analog Devices has been raised from $55 to $70.

Analog Devices shares have gained 10.73% over the past 52 weeks, while the S&P 500 index has surged 10.08% in the same period.

Analog Devices shares climbed 4.52% to $61.50 in pre-market trading.

Latest Ratings for ADI

Date Firm Action From To
Mar 2015 Barclays Upgrades Equal-weight Overweight
Feb 2015 JP Morgan Maintains Neutral
Feb 2015 Deutsche Bank Maintains Buy

View More Analyst Ratings for ADI
View the Latest Analyst Ratings

Posted-In: BarclaysUpgrades Analyst Ratings

Analyst: Buy Airlines, Sell Rails And Tesla

Courtesy of Benzinga.

Analyst: Buy Airlines, Sell Rails And Tesla
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JP Morgan Initiates Coverage On 6 Transport Companies

In a new report, analysts at MKM Partners took a close look at some price charts in the stock market and updated their technical outlook for several big names. Here's a summary of their findings.

Sell The Rails

According to the principles of Dow Theory, traders should be watching transportation stocks closely. While the Dow Jones Industrial Average is making higher highs, the Dow Jones Transportation Average has been making lower highs.

All though no "sell" signal has been triggered until both indexes start making lower lows, MKM recommends that worried traders should start by selling rail stocks, as they see the following names as "weak links" in the transportation sector: Con-Way Inc (NYSE: CNW), Canadian Pacific Railway Limited (NYSE: CP), Landstar System Inc (NASDAQ: LSTR) and Norfolk Southern Corp (NYSE: NSC).

Related Link: Tesla Is Attempting To Stabilize After Friday's Technical Breakdown

Buy The Airlines

While analysts are watching closely to see if airline stocks will follow the rails down, so far the divergence between the two transport subsectors has held.

Traders should watch closely for signs of regression in the airlines or signs of an overall weakening of the transportation sector. However, barring either of those two occurrences, MKM analysts recommend buying the following airline names: Alaska Air Group Inc (NYSE: ALK), JetBlue Airways Corp (NASDAQ: JBLU), Southwest Airlines Co (NYSE: LUV) and United Continental Holdings Inc (NYSE: UAL).

Consumer Staples Holding Strong

Analysts see plenty of strong…
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Best Buy's Canadian Restructuring Is Worth It, Wall Street Says

Courtesy of Benzinga.

Best Buy's Canadian Restructuring Is Worth It, Wall Street Says
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Wall Street analysts commented on the Best Buy Co Inc (NYSE: BBY) restructuring plans for its Canadian operations.

"Best Buy announced the closure of 66 Future Shop stores, and the transition of its remaining 65 Future Shop stores to the Best Buy brand. The 66 Future Shops were immediately closed, and the 65 stores to be transitioned will be temporarily closed for one week. Going forward, Best Buy will operate 192 locations in Canada, including the 136 large-format stores (71 existing Best Buy branded stores and 65 converted from Future Shops) and 56 existing Best Buy Mobile stores. As a result of the restructuring, headcount was reduced by 500 full-time and 1,000 part-time positions," according to Wedbush analyst Michael Pachter.

The plan was announced over the weekend and following Monday's open the stock traded at $38.96, up 1.25 percent.

Below are highlights from three analyst research notes on the plan along with current ratings and price targets.

Credit Suisse – Outperform, $45 price target

"We view the Canadian restructuring plan announced by BBY this weekend as a net positive for the company's struggling International segment. While the operating margin in the Domestic segment improved 95 basis points in 2014 thanks to management's initiatives, profitability in the International segment has continued to decline, and additional right-sizing actions were needed. There are upfront costs associated with these actions, causing us to lower our 2015 EPS estimate by $0.12 to $2.37, but we prefer taking a multi-quarter view of the unfolding transformation story."

Deutsche Bank – Buy, $44 price target

"We believe BBY's typical transfer rates in the U.S. are about 30 percent when a store is closed. But, we suspect it will be higher in Canada because the store overlap is much closer geographically. There may be some small negative impact from requiring consumers to switch brands, but consumer research shows very little…
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Perry Ellis' Q4 Previewed At Wunderlich, Notes 'Momentum Slowly Building'

Courtesy of Benzinga.

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In a report published Monday, Wunderlich Securities analyst Eric Beder reiterated a Buy rating and $29 price target on shares of Perry Ellis International, Inc. (NASDAQ: PERY) ahead of its fourth quarter print on Thursday before market open.

Perry Ellis is expected to earn $0.03 per share in the quarter on revenue of $218.052 million.

Beder noted that the quarter will be a “non-event” as management already preannounced a “disappointing, West Coast labor-slowdown-driven” fourth quarter results in mid-February. However, the analyst added that he is looking for how quickly the company’s operations will return to normal.

Beder continued that he is expecting fiscal 2016 guidance will reflect a a “turn in the making” given a push out of high margin shipments from the fourth quarter to the first quarter. The analyst added that fiscal 2016 will likely be more front-end loaded depending on its ability to return to normal shipping flows after the dock labor slowdown.

“While the West Coast dock slow down has been a disappointment, we believe the company is doing the right things to return the focus on top line growth and margin expansion,” Beder wrote. “We expect further progress in 1Q and a return to more normalized growth post 1Q; further, we believe there remains opportunities in all the company’s key divisions to drive further market share gains.”

Bottom line, with shares trading 15 percent below its 52-week highs, the risk/reward remains “impressive” and the analyst remains confident in his fiscal 2016 earnings per share estimate of $1.35 — $0.11 above the Street.

Latest Ratings for PERY

Date Firm Action From To
Nov 2014 Wunderlich Maintains Buy
Nov 2014 Standpoint Research Downgrades Buy Hold
Sep 2014 Wunderlich Initiates Coverage on Buy

View More Analyst Ratings for PERY
View the Latest Analyst Ratings

Posted-In: Eric Beder West Coast Port Wunderlich SecuritiesAnalyst Color Analyst Ratings

Benzinga's Volume Movers

Courtesy of Benzinga.

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Hyperion Therapeutics, Inc. (NASDAQ: HPTX) shares climbed 8.33% to $46.30. The volume of Hyperion Therapeutics shares traded was 3877% higher than normal. Horizon Pharma plc (NASDAQ: HZNP) shares were also up, gaining 14 percent to $24.97 after the company announced its plans to buy Hyperion Therapeutics for $1.1 billion in cash.

Cellular Dynamics International, Inc. (NASDAQ: ICEL) surged 107.81% to $16.50. The volume of Cellular Dynamics shares traded 3541% higher than normal. Cellular Dynamics agreed to be acquired by Fujifilm (OTC: FUJIF) for $ 16.50 per share.

Catamaran Corporation (NASDAQ: CTRX) shares moved up 24.12% to $59.97. The volume of Catamaran traded was 3360% higher than normal. Catamaran Corporation agreed to be acquired by UnitedHealth’s (NYSE: UNH) OptumRx business for $61.50 per share in cash.

Auspex Pharmaceuticals, Inc. (NASDAQ: ASPX) shares rose 41.79% to $100.54. The volume of Auspex Pharmaceuticals shares traded was 2308% higher than normal. Teva Pharmaceutical Industries Limited (NYSE: TEVA) announced its plans to acquire Auspex Pharmaceuticals for $101 per share.

Posted-In: volume moversNews Intraday Update Markets Movers

MKM Partners Offers Proprietary User Survey On Twitter, Notes 'Positive Initial Response To New User Experience Efforts'

Courtesy of Benzinga.

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In a report published Monday, MKM Partners analyst Rob Sanderson commented on his sixth proprietary survey on Twitter Inc (NYSE: TWTR) usage.

Identical to prior surveys, Sanderson targeted a large random sample of active and inactive Twitter users and attracted about 2,000 responses. However, unlike previous surveys, the analyst focused on "very new" users (that is less than one month) to query feedback on recent product improvements.

Here are the analyst's findings:

  • Breaking news and celebrities continue to lead as a category of interest.
  • Twitter users are well distributed across income, age, education and ethnic demographics.
  • More than 40 percent of inactive users tried Twitter a few times and quiet, consistent with prior surveys. Twenty-five percent of respondents noted they stopped using Twitter because it was too hard to use, while 15 percent cited too much content.
  • Recently launched features like "Instant timeline" and "While you were away" are aimed to address new user startup and user experience issues.
  • Sixty-six percent of very new users noticed the "Instant Timeline," while 66 percent of those users found it accurate or very accurate, 71 percent found it convenient or very convenient while 68 percent found it helpful or very helpful.
  • Only 36 percent of users surveyed have noticed the "While you were away" feature. Of those users, 55 percent found it helpful or very helpful.

"The user growth problem with Twitter is not attracting new user sign-ups, its converting these into active users," Sanderson wrote. "Tightening down attrition among the "tried a few times and quit" bucket is itself enough to inflect monthly active user growth. This has been our thesis for 2015 and our latest survey offers strong support."

Sanderson stated that he was very encouraged by initial feedback from the survey and suggested adding to or building new positions ahead of the first quarter results.

Shares remain Buy rated with a $62 price…
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Zero Hedge

Marxist Group Takes Turkish Prosecutor Hostage, Posts Pictures

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

It’s been a tumultuous day in Turkey. 

In the midst of a near-nationwide blackout that grounded planes and froze rail traffic and which officials say could be terror-linked, armed gunman have taken a prosecutor hostage in an Istanbul court house. The prosecutor, Mehmet Selim Kiraz, is in charge of the investigation into the death of a 14-year old boy who died after being hit in the head by a tear gas canister in 2013 amid widespread protests. Here’s more via ...

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Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

Please review a collection of WWW browsing results.Date Found: Saturday, 14 February 2015, 02:19:38 AM

Click for popup. Clear your browser cache if image is not showing. Comment: Robert Shiller who got the dot-com and housing bubbles right says bonds are next and that’s your gold price spike.

Date Found: Saturday, 14 February 2015, 02:53:52 AM

Click for popup. Clear your browser cache if image is not showing. Comment: Bill Fleckenstein: Still Not Time to Short the Market - Wait for QE4 - Bill comments that we could easily see another 15-20% correction in the market but that the Fed will either hint at or, more likely, launch Q...

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Sector Detector: Defensive sectors lead hesitant market, but traders honor long-standing bullish support

Courtesy of Sabrient Systems and Gradient Analytics

Last week, the major indexes fell back below round-number thresholds that had taken a lot of effort to eclipse. There has been an ongoing ebb-and-flow of capital between risk-on and risk-off, including high sector correlations, which is far from ideal. But at the end of it all, the S&P 500 found itself right back on top of long-standing support and poised for a bounce, and Monday’s action proved yet again that bulls are determined to defend their long-standing uptrend line.

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 enh...

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Phil's Favorites

Historical Perspective on CPI Deflations: How Damaging are They?

Courtesy of Mish.

Yet another central bank has announced a warning about the perils of deflation. Please consider China Central Bank Calls for Vigilance on Deflation.
China's central bank governor Zhou Xiaochuan warned on Sunday that the country needs to be vigilant for signs of deflation and said policymakers were closely watching slowing global economic growth and declining commodity prices.

Zhou's comments are likely to add to concerns that China is in danger of slipping into deflation and underline increasing nervousness among policymakers as the economy continues to lose momentum...

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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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Digital Currencies

Federal Agents Investigating Bitcoin Money Laundering Stole Over $1 Million In Bitcoin

Courtesy of ZeroHedge. View original post here.

This is one of those sad times when The Onion realizes it has badly, and permanently, missed its IPO window.

Just released from the Department of Justice

Former Federal Agents Charged With Bitcoin Money Laundering and Wire Fraud

Agents Were Part of Baltimore’s Silk Road Task Force

Two former federal agents have been charged with wire fraud, money laundering and related offenses for stealing digital currency during their investigation of the Silk Road, an underground black market that al...

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Swing trading portfolio - week of March 30th, 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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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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Market Shadows

Kimble Charts: South Korea's EWY

Kimble Charts: South Korea's EWY

By Ilene 

Chris Kimble likes the iShares MSCI South Korea Capped (EWY), but only if it breaks out of a pennant pattern. This South Korean equities ETF has underperformed the S&P 500 by 60% since 2011.

You're probably familiar with its largest holding, Samsung Electronics Co Ltd, and at least several other represented companies such as Hyundai Motor Co and Kia Motors Corp.


more from Paul

Option Review

Cypress Semi Draws Bullish Option Plays

Bullish trades abound in Cypress Semiconductor options today, most notably a massive bull call spread initiated in the July expiry contracts. One strategist appears to have purchased 30,000 of the Jul 16.0 strike calls at a premium of $0.89 each and sold the same number of Jul 19.0 strike calls at a premium of $0.22 apiece. Net premium paid to put on the spread amounts to $0.67 per contract, thus establishing a breakeven share price of $16.67 on the trade. Cypress shares reached a 52-week high of $16.25 back on Friday, March 13th, and would need to rally 4.6% over the current level to exceed the breakeven point of $16.25. The spread generates maximum potential profits of $2.33 per contract in the event that CY shares surge more than 20% in the next four months to reach $19.00 by July expiration. Shar...

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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...

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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. 



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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 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 >>

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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.

Market Shadows >>