Author Archive for Insider Scoop

Lowered Miner Estimates Lead To Southern Copper Downgrade

Courtesy of Benzinga.

Related SCCO
How To Play Copper Long Term Amid A Low Prices Environment
HSBC Initiates Southern Copper At Buy

  • Southern Copper Corp (NYSE: SCCO) shares are down 8 percent in the last three months, even after picking up momentum last week and rising 6 percent.
  • JP Morgan’s Rodolfo Angele downgraded the rating on the company from Overweight to Neutral, while reducing the price target from $37.00 to 31.50.
  • The estimates for nickel and copper prices have been substantially reduced due to persistently weaker commodity demand.

The JP Morgan Commodity Strategy team has cut its 2016 estimates for nickel by 53 percent to $8,750/ton and for copper by 30 percent to $4,400/ton. “This below-consensus view is mainly predicated on a more negative view on persistently weaker commodity demand,” analyst Rodolfo Angele said, citing continued softness in China and absence of demand rebound in Western European and North American.

Moreover, the long-term iron ore pricing assumptions have been reduced from $75/t to $65/t. “We now assume lower capex intensity and opex in our incentive price methodology to determine long-term iron ore prices,” Angele added.

While saying that Southern Copper has growth potential, given its several brownfield and greenfield projects, Angele stated that investors could get exposure to “the same copper growth story at more reasonable prices” through its parent company, Grupo Mexico.

In the report JP Morgan noted, “Our Neutral rating on Southern Copper is mainly predicated on (a) rich valuations especially when compared to peers and (b) a more cautious view on pricing of its most important product, which is copper.”

The EBITDA estimates for 2015 and 2016 have been reduced by 13 percent, from $2,508M to $2,185M, and by 44 percent, from $3,237M to $1,810M, respectively, to reflect the changes in estimates for commodity prices.

Latest Ratings for SCCO

Date Firm Action From To
Aug 2015 JP Morgan Downgrades Overweight Neutral
Jul 2015 Barclays Maintains Overweight
Jun 2015 HSBC Initiates Coverage on Buy

View More Analyst Ratings for SCCO
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Downgrades Price Target Analyst Ratings





High Expectations For Ambarella In An Otherwise Quiet Earnings Week

Courtesy of Benzinga.

High Expectations For Ambarella In An Otherwise Quiet Earnings Week

The week’s economic calendar is highlighted by the Federal Reserve’s next Beige Book report and a look at the employment numbers for August. Also throughout the week will be a scattering of off-season earnings reports.

There are only a handful of companies on deck to share their latest quarterly results. Wall Street analysts expect stellar results from Ambarella Inc (NASDAQ: AMBA), as well as at least some earnings growth from Ciena Corporation (NYSE: CIEN) and Dollar Tree, Inc. (NASDAQ: DLTR).

However, the consensus forecasts call for a small year-on-year earnings decline from Medtronic PLC (NYSE: MDT) and a seasonal net loss from H & R Block Inc (NYSE: HRB).

Below is a quick look at what is expected from these and some of the week’s other most prominent reports.

See also: 5 U.S. Financial Stocks That Should Do Well Even Without The Fed

Ambarella

This video and image processing products maker will post $0.85 earnings per share (EPS) for its fiscal second quarter, if the consensus of 26 Estimize estimates is accurate. That would be up from a profit of $0.37 per share in the same period of last year. The Wall Street estimate is slightly less optimistic at $0.81 per share.

Revenue for the three months that ended in July is predicted to have jumped from $46.97 million in the year-ago quarter to $84.92 million, says Estimize, and again Wall Street is a bit more pessimistic. They both underestimated revenue in the previous quarter. Watch for the report after Tuesday’s closing bell.

Ciena

EPS of $0.34 for the fiscal third quarter are anticipated from this networking and communications company. That comes from just four Estimize respondents but is in line with Wall Street expectations. Ciena posted EPS of $0.35 back in the second quarter and $0.32 in the year-ago third quarter.

The Estimize forecast also calls for revenue to be about 4 percent higher, relative to a year ago, at $629.36 million for the most recent period. Wall Street and Estimize both underestimated revenue in the previous period. Ciena is expected to share its results before markets open…
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Covering The Anxiety In Shares Of SunEdison

Courtesy of Benzinga.

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  • The share price of Sunedison Inc (NYSE: SUNE) has declined almost 27 percent year-to-date.
  • Macquarie’s Angie Storozynski has initiated coverage of SunEdison with an Outperform rating and price target of $20.
  • According to Storozynski, the company’s investment story has changed meaningfully over the last two years, and is now dependent on its public yieldcos.

“The health of the yieldcos, as measured by their ability to tap equity and debt markets at attractive terms, is critical for SUNE because they are the main monetization channels for its development project pipeline, an essential exit strategy given SUNE’s levered balance sheet and its high reliance on construction financing,” the Macquarie report said.

Storozynski expects the stock to be compelling for investors who believe that the demand for renewable power projects would continue to grow globally, and that “annuity-like” investment vehicles would be more desirable in a “sustainably low interest rate environment.”

The company is expected to see robust free cash flow growth, driven by drop down of projects to its yeildcos, as well as increasing collection from yieldco distributions. “While SUNE’s yieldcos seem like pretty simple financing structures to us, SUNE is not, especially looking at its financial statements and disclosures,” the report stated.

Given the company’s high leverage and concerns regarding liquidity that plagues renewable power developers, as well as limited visibility into SunEdison’s disclosures, fuels speculation about the company’s financial standing, especially when there is dislocation in the financial markets.

However, the recent preferred share issuance, “together with a new warehouse facility for development projects and a recent third-party asset sale should have addressed near-term liquidity concerns, we believe,” Storozynski added.

In addition, SunEdison, along with its yieldcos, has set up “special purpose financing vehicles” or warehouses, which will offer temporary financing for operating and development of assets by third party investors.

Latest Ratings for SUNE

Date Firm Action From To
Aug 2015 Macquarie Initiates Coverage on Outperform
Aug 2015 JP Morgan Initiates Coverage on Overweight
Aug 2015 UBS Downgrades Buy Neutral

View More Analyst Ratings for SUNE
View the Latest Analyst Ratings

Posted-In: Angie Storozynski Macquarie ResearchAnalyst Color Initiation Analyst Ratings





Wunderlich Previews Another Tough Quarter For Vera Bradley

Courtesy of Benzinga.

Related VRA
Mid-Day Market Update: National Penn Bancshares Surges On Acquisition News; Vera Bradley Shares Slide
Luxury Handbag Pair Trade: Jefferies Likes Coach, Downgrades Vera Bradley

  • Vera Bradley, Inc. (NASDAQ: VRA) shares have declined by 48 percent year-to-date, and are trading close to the low end of their 52-week range of $9.21 – $24.66.
  • Wunderlich analyst Eric Beder maintained a Hold rating on the company, with a price target of $15.
  • Although product mix shifts and opening of new stores are expected to be near-term drags, Beder mentioned that these will yield positive results over the long term.

Analyst Eric Beder expects Vera Bradley to announce disappointing fiscal 2Q16 results in view of the deceleration in the handbag segment and the “negative near-term drivers from a cleanup of the online segment compounded by the rollout of new stores.”

Beder believes that the company’s management is doing the right things to create a new business model that is not only reliable but also more fashion focused and has a diversified product mix.

“We continue to wait to become more aggressive in the name, but we believe long-term shifts will eventually be positive for VRA,” the Wunderlich report stated.

Vera Bradley’s aggressive and continued product mix shift for back-to-school to backpacks, notepads and other key items is likely to have a positive impact. Beder believes that the emphasis on fewer patterns will “help drive excitement in the stores and set up for better flows of inventory and pricing.”

Moreover, continued improvements in in-store signage and marketing displays are expected to drive traffic. Beder added that Vera Bradley’s efforts to fix the “sins of prior management” may continue to “lead to trauma” in the near term, until the company’s customers “understand the shifts and begin to vote with better traffic and sales.”

Latest Ratings for VRA

Date Firm Action From To
Aug 2015 Jefferies Downgrades Buy Hold
Jun 2015 Baird Downgrades Outperform Neutral
Jun 2015 Jefferies Maintains Buy

View More Analyst Ratings for VRA
View the Latest Analyst Ratings

Posted-In: WunderlichAnalyst Color Reiteration Analyst Ratings





ITT Announces Plans to Acquire Wolverine Advanced Materials, ~$300M

Courtesy of Benzinga.

Related ITT
Earnings Scheduled For July 31, 2015
ITT Posts Upbeat Q1 Earnings, But Revenue Misses Views
Will ITT Continue to Suffer from Macroeconomic Woes? (Zacks)

ITT Corporation (NYSE: ITT) announced today that it has signed an agreement to acquire Wolverine Automotive Holdings Inc., the parent company of Wolverine Advanced Materials LLC (Wolverine), a global market leader in developing and manufacturing customized technologies for automotive braking systems and specialized sealing solutions for harsh operating environments across a range of industries. Founded in 1934, Wolverine is a globally diversified manufacturer with a strong reputation for material science-based solutions and meaningful aftermarket content representing approximately 40 percent of revenue.

The acquisition of Wolverine, which will vertically integrate an existing automotive supplier, will also give ITT the opportunity to leverage its automotive and industrial channels to accelerate growth in seals for pumping applications and to use Wolverine’s elastomeric technologies to develop new aerospace and industrial applications.

“With the acquisition of Wolverine, ITT will be able to offer its strategic OEM, brake manufacturer and aftermarket customers an expanded portfolio of highly engineered automotive components including key braking and sealing technologies,” said Denise Ramos, chief executive officer and president. “With leading market positions and long-standing brands, ITT and Wolverine will both have new opportunities to strengthen our capabilities and create long-term value through an expanded presence in key geographies and end markets.”

“While this transaction will broaden ITT’s offering to customers, it also will give both companies new opportunities to strengthen design, testing and performance capabilities,” said Luca Savi, president of ITT’s Motion Technologies business. “This acquisition will also allow Wolverine to leverage ITT’s manufacturing capabilities, operational systems, materials science expertise and legacy of quality and performance to enhance the solutions and service it provides customers.”

Grant Beard, Wolverine chairman and chief executive officer, said, “Wolverine is very excited about joining ITT. The strategic fit and the cultural alignment between the two organizations is very strong. This transaction will allow us to accelerate our growth and better serve our customers as well as provide enhanced opportunities for our employees.”

The transaction purchase price of approximately $300 million,…
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Earnings Scheduled For August 28, 2015

Courtesy of Benzinga.

Earnings Scheduled For August 28, 2015

Related BIG
Friday's Top Two Earnings Reports To Watch: Big Lots And Regis
Benzinga's Top Upgrades
Undervalued Stocks Among Steven Cohen's Recent Buys (GuruFocus)

Related BNS
eResearch Reminds Readers Tech & Transport Stocks Enter Seasonal Strength Period In October, Cons. Staple & Telecoms Tend To Outperform Broad Market Into End Of year
US Stock Futures Edge Lower; GDP Report In Focus

Big Lots, Inc. (NYSE: BIG) is projected to report its quarterly earnings at $0.34 per share on revenue of $1.20 billion.

Bank of Nova Scotia (NYSE: BNS) is estimated to report its quarterly earnings at $1.45 per share on revenue of $6.16 billion.

Liberty Tax Inc (NASDAQ: TAX) is expected to post a quarterly loss at $0.69 per share on revenue of $8.23 million.

Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets





Did 1 Billion People Really Use Facebook In 24 Hours?

Courtesy of Benzinga.

Did 1 Billion People Really Use Facebook In 24 Hours?
Related FB
Mark Zuckerberg Posts To His Facebook That Company Reached 1 Billion Serviced In One Day
Here's What Trip Chowdhry Likes After The Market Selloff
FACEBOOK (Investor’s Business Daily)

Facebook Inc (NASDAQ: FB) founder and CEO Mark Zuckerberg posted a message on Thursday to promote the company's newest milestone.

"For the first time ever, one billion people used Facebook in a single day," Zuckerberg wrote. "On Monday, 1 in 7 people on Earth used Facebook to connect with their friends and family. When we talk about our financials, we use average numbers, but this is different. This was the first time we reached this milestone, and it's just the beginning of connecting the whole world."

Investors didn't seem to notice (the stock was up less than 1 percent as of 5:30 p.m. ET), but Zuckerberg's followers sure did, providing thousands of shares and "Likes" regarding the news. Global Equities Research analyst Trip Chowdhry was a bit skeptical of the numbers. He does not believe this level of engagement could be achieved by Facebook alone.

"I would take it with a grain of salt," Chowdhry told Benzinga. "I don't think we are seeing the whole picture. I will not believe that [Facebook] had one billion on the same day. I think this statement is lacking some details."

Chowdhry said if the announcement had specified that this includes Instagram and WhatsApp, he would have believed the reported milestone.

"Engagement levels on Facebook, especially on desktop, [are] declining," said Chowdhry. "On mobile, Instagram and WhatsApp are growing at a faster rate and Facebook is declining. So I won't believe what he says at face value."

Patrick Moorhead, president and principal analyst at Moor Insights & Strategy, told Benzinga that he thinks Facebook's milestone is sustainable "but only with the additions of WhatsApp and Instagram."

"WhatsApp caters to emerging regions and Instagram caters to kids and millennials, the populations to either not use Facebook.com or are looking for the next, new brand and experience," Moorhead told Benzinga.…
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FBR's Dan Ives Still Loves Apple On Edge Of iPhone 6 Launch

Courtesy of Benzinga.

FBR's Dan Ives Still Loves Apple On Edge Of iPhone 6 Launch
Related AAPL
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Is Apple's September 9 Event Teasing A Major Siri Announcement?
Fitbit leads wearables in Q2 (Investor’s Business Daily)
  • Shares of Apple Inc. (NASDAQ: AAPL) have gained 9.47 percent since August 25, while rising almost 12 percent over the past year.
  • FBR’s Daniel H. Ives maintained an Outperform rating on Apple.
  • The company has officially sent out invitations for its Apple Launch Event, scheduled for September 9 in San Francisco.

Ives expects Apple to make a number of announcements and product launches at the event, including a 12.9 inch iPad Pro, the next gen Apple TV and the new iPhone 6s/6s+. Investors are expected to be specifically focused on the improvements in the iPhone 6s that could drive upgrades.

“We view this as a critical event for Apple to help turn the negative investor tide and help lay out its growth vision for the next year on the heels of the iPhone 6 super-cycle product tailwinds,” Ives stated.

Ives also expressed a positive sentiment on the stock, mentioning that less than 30 percent of Apple’s customers have been upgrading to the iPhone 6 till date. There is also reason for optimism given that the launch of the iPhone 6s would lead to a major product cycle, China accounting for a $100 billion market opportunity over the coming three years and Apple’s current stock valuation.

Related Link: Is Apple's September 9 Event Teasing A Major Siri Announcement?

Although the Street consensus on the gross margin expansion opportunity afforded by the launch of the 6s has been muted, the FBR report noted that “persistent commodity components tailwinds and the potential use of cross-product materials” could limit gross margin compression.

On the other hand, Ives expects iPhone comps to become increasingly tough over the next few quarters, especially in the December quarter. Although iPhone 6/6 Plus revenues have increased over the past year, the company still has the opportunity to take share across several geographies given…
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Thursday's After-Hours Movers: Ulta Salon, Autodesk, Splunk And GameStop

Courtesy of Benzinga.

Related GME
7 Stocks To Watch For August 28, 2015
GameStop Q2 Profit Tops Expectations, Shares Rise
GAMESTOP (Investor’s Business Daily)

Related ULTA
7 Stocks To Watch For August 28, 2015
Keep an Eye on These 10 Stocks for August 27, 2015
Ulta Beauty Q2 Looks Good (Investor’s Business Daily)

Shares of GameStop Corp. (NYSE: GME) surged 1.85 percent Thursday, ahead of the announcement of the company’s second-quarter financial results. After the results were released, the stock, which was rising after-hours more than 4 percent, fell about 0.39 percent, before returning close to the closing price of $46.18.

The videogame retailer reported earnings of $0.31 per share on revenue of $1.762 billion, ahead of guidance, which called for earnings of $0.23 per share and the Street’s consensus estimate of $0.24 per share and $1.727 billion.

Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA), which was up 1.39 percent during the day, continued to climb after-hours, moving 4.75 percent.

The surge followed the earnings release, which the company reported EPS of $1.15 on sales of $877 million, beating the Street’s projection of $0.82 and $711.44 million, and even ahead of guidance of $1.10 and $861 million.

Autodesk, Inc. (NASDAQ: ADSK) also reported its quarterly financial results. After the company beat estimates on the earnings front, but missed expectations on the revenue and guidance fronts, the stock lost more than 5 percent, and closed the day trading around $47.44.

Another mover in the tech sector was Splunk Inc (NASDAQ: SPLK), up 5 percent after the bell, after it had returned 4.49 percent during the regular session.

Second-quarter earnings came in at $0.03 per share on revenue of $148.33 million, beating the Street’s consensus, which called for EPS of $0.02 and revenue of $140.48 million.

Posted-In: News After-Hours Center Movers





Morgan Stanley Thinks Bearish Headlines Are Priced Into Oil Already, Expects More Upside On Coming Positive Headlines As Short Squeeze Takes Place

Courtesy of Benzinga.

Related USO
Crude Oil Futures Sharply Higher
Leverage Cuts Both Ways For These Oil ETFs
Oil skies 10% as Venezuela reportedly asks for emergency OPEC meeting (Seeking Alpha)

Bullish Catalysts for Oil Are:

  1. China stimulus,
  2. Stability in China FX or confirmation on direction of US rate hike,
  3. If Rig Counts start falling again, declining US Supply become dinner table talk again,
  4. Easing in OPEC production,
  5. Any form of "Emergency OPEC Meeting" headlines,
  6. Congressional vote against Iran deal – could undermine confidence in success of the deal,
  7. Data showing resilancey in US GDP.

Posted-In: Analyst Color Analyst Ratings





 
 
 

Zero Hedge

US & China Stocks Are Plunging After PMI Hits 6.5-Year Low, PBOC Strengthens Yuan Most Since Nov 2014

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Following China's official PMI print at a 3-year low, Caixin's PMI collapsed to 47.3 - the lowest sinec March 2009. Despite another CNY150bn liquidity injection (but the biggest strengthening of Yuan since Nov 2014 and a financial conditions tightening in FX trading), China, US, and Japanese stocks are plunging... SHCOMP -4%, Dow -280, NKY -340

Carnage!

China -4%

...



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Phil's Favorites

Getting Started - The Hardest Part of Investing

 

Getting Started – The Hardest Part of Investing

Courtesy of The Banker

“Let’s start at the very beginning, a very good place to start,” sings my children’s favorite nanny-from-the-movies, Maria.

School started for my girls this week, so I’m in the mood for new beginnings. New school uniforms, freshly sharpened #2 pencils, and lined notebooks still unblemished with unicorn stickers.

Besides inheritance (obviously the very b...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Summer's Over Get Smart on Cash Flow and Become a Very Serious Investor (Bloomberg)

In 1863, the Dowlais Iron Company had recovered from a business slump, but had no cash to invest for a new blast furnace, despite having mad...



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Chart School

Modest Losses

Courtesy of Declan.

Bears took it upon themselves to press their advantage into the close of business. Selling volume was light and lacked the conviction that had accompanied the rout of the previous week.

The S&P is caught in a no-mans land, with a retest of 1,867 likely needed at some stage to rebuild confidence on bulls.


The Nasdaq has so far honored resistance at 4,825. Little else to say other than that.


The Nasdaq 100 did likewise, but hasn't...

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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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OpTrader

Swing trading portfolio - week of August 31st, 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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Kimble Charting Solutions

Forget the S&P 500, keep your eyes on this leader!

Courtesy of Chris Kimble.

We live in a highly correlated world when it comes to stock market trends!

Last week as the Dow was falling 1,000 points a week ago today, the Power of the Pattern reflected that many of the key markets around the world were hitting 4-year rising channel support at the same time.

I shared on 8/26, that the “Global bull market was still intact!” ( See Post Here)  

Did many of you tell your friend...



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Insider Scoop

Lowered Miner Estimates Lead To Southern Copper Downgrade

Courtesy of Benzinga.

Related SCCO How To Play Copper Long Term Amid A Low Prices Environment HSBC Initiates Southern Copper At Buy
  • Southern Copper Corp (NYSE: SCCO) shares are down 8 percent in the last three months, even after picking up momentum last week and rising 6 percent.
  • JP Morgan’s Rodolfo Angele downgraded the rating on the company from Overweight to Neutral, while reducing the price targ...


http://www.insidercow.com/ more from Insider

Sabrient

Sector Detector: Finally, market capitulation gives bulls a real test of conviction, plus perhaps a buying opportunity

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

Courtesy of Sabrient Systems and Gradient Analytics

The dark veil around China is creating a little too much uncertainty for investors, with the usual fear mongers piling on and sending the vast buy-the-dip crowd running for the sidelines until the smoke clears. Furthermore, Sabrient’s fundamentals-based SectorCast rankings have been flashing near-term defensive signals. The end result is a long overdue capitulation event that has left no market segment unscathed in its mass carnage. The historically long technical consolidation finally came to the point of having to break one way or the other, and it decided to break hard to the downside, actually testing the lows from last ...



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ValueWalk

Some Hedge Funds "Hedged" During Stock Market Sell Off, Others Not As Risk Focused

By Mark Melin. Originally published at ValueWalk.

With the VIX index jumping 120 percent on a weekly basis, the most in its history, and with the index measuring volatility or "fear" up near 47 percent on the day, one might think professional investors might be concerned. While the sell off did surprise some, certain hedge fund managers have started to dip their toes in the water to buy stocks they have on their accumulation list, while other algorithmic strategies are actually prospering in this volatile but generally consistently trending market.

Stock market sell off surprises some while others were prepared and are hedged prospering

While so...



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Digital Currencies

Bitcoin Battered After "Governance Coup"

Courtesy of ZeroHedge. View original post here.

Naysyers are warning that the recent plunge in Bitcoin prices - from almost $318 at its peak during the Greek crisis, to $221 yesterday - is due to growing power struggle over the future of the cryptocurrency that is dividing its lead developers. On Saturday, a rival version of the current software was released by two bitcoin big guns. As Reuters reports, Bitcoin XT would increase the block size to 8 megabytes enabling more transactions to be processed every second. Those who oppose Bitcoin XT say the bigger block size jeopardizes the vision of a decentralized payments system that bitcoin is built on with some believing ...



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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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