Author Archive for Insider Scoop

Benzinga's Top Upgrades

Courtesy of Benzinga.

Benzinga's Top Upgrades

Related KMX
Oppenheimer Technical Analyst: Buy These 8 Stocks Now
Benzinga's Top Upgrades

Related STAY
Benzinga's Top Initiations
Lebenthal Calls Extended Stay's Valuation 'Compelling,' But Sees Little Upside In Stock

Baird upgraded Extended Stay America Inc (NYSE: STAY) from Neutral to Outperform. Extended Stay America shares closed at $19.00 on Friday.

Analysts at JP Morgan upgraded Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) from Neutral to Overweight. Teva Pharmaceutical shares closed at $69.07 on Friday.

SunTrust Robinson Humphrey upgraded WebMD Health Corp. (NASDAQ: WBMD) from Neutral to Positive. WebMD Health shares closed at $43.58 on Friday.

Analysts at FBR Capital upgraded Torchmark Corporation (NYSE: TMK) from Underperform to Market Perform. Torchmark shares closed at $61.61 on Friday.

Macquarie upgraded NVIDIA Corporation (NASDAQ: NVDA) from Neutral to Outperform. NVIDIA shares closed at $19.95 on Friday.

Goldman Sachs upgraded CarMax, Inc (NYSE: KMX) from Buy to Conviction Buy. CarMax shares closed at $64.52 on Friday.

Analysts at Canaccord Genuity upgraded Whiting Petroleum Corp (NYSE: WLL) from Hold to Buy. Whiting Petroleum shares closed at $20.48 on Friday.

Analysts at Bank of America upgraded Assurant, Inc. (NYSE: AIZ) from Underperform to Buy. Assurant shares closed at $74.58 on Friday.

Analysts at Morgan Stanley upgrades AMC Entertainment Holdings Inc (NYSE: AMC) from Equal-weight to Overweight. AMC Entertainment shares closed at $32.25 on Friday.

BMO Capital upgraded First Potomac Realty Trust (NYSE: FPO) from Market Perform to Outperform. First Potomac Realty shares closed at $11.35 on Friday.

Latest Ratings for KMX

Date Firm Action From To
Aug 2015 Goldman Sachs Upgrades Buy Conviction Buy
Jul 2015 Goldman Sachs Upgrades Neutral Buy
Jun 2015 SunTrust Robinson Humphrey Initiates Coverage on Neutral

View More Analyst Ratings for KMX
View the Latest Analyst Ratings

Posted-In: top upgradesUpgrades Analyst Ratings





Why Baidu's China 'Local' Opportunity Keeps It Worth $200 Per Share

Courtesy of Benzinga.

Why Baidu's China 'Local' Opportunity Keeps It Worth $200 Per Share

Related BIDU
Think Buybacks Boost Share Prices? Think Again
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Opportunities In India: MakeMyTrip Limited (Seeking Alpha)

In a report published Monday, Oppenheimer analyst Jason Helfstein maintained an Outperform rating on Baidu, Inc. (ADR) (NASDAQ: BIDU), while lowering the price target from $230 to $200 due to the company's local ad spending plans.

The analyst, however, commended Baidu's share buyback initiative worth $1 billion, which would entail large return of capital to shareholders versus the local advertising initiatives, on which the company intends to spend $3.2 billion.

"BIDU is willing to bet $3.2B to garner part of a $99B opportunity in local advertising," the Oppenheimer report said.

The company announced its 2Q15 results, with the Non-GAAP EPS in-line with the estimates, although the margins were below consensus due to local spending and increased headcount. The revenue growth of over 38 percent year-on-year was in-line with the estimates and the consensus. Gross margins grew 262 bps, driven by TAC and content costs.

The company also announced disappointing Q3 guidance, with revenue growth guidance below the consensus forecast. The management attributed the weak guidance to the continuing mix shift to mobile. Baidu also expects SG&A to increase 100 percent, year on year, in 2H, as compared to 65 percent in 1H.

With regard to the local opportunity in China, Helfstein said, "Chinese consumers have very limited access to high-quality products at reasonable prices due to the underdeveloped infrastructures."

"Combined with fragmented retail chains, especially in lower-tier cities where a growing middle class is driving China's consumption power, we see significant demand for local online lead generation," Helfstein added.

The 2015 revenue, non-GAAP EPS and non-GAAP margin estimates have been lowered, along with the 2016 non-GAAP EPS and margin estimates, to reflect the increased SG&A.

Latest Ratings for BIDU

Date Firm Action From To
Jul 2015 Pacific Crest Securities Downgrades Overweight Sector Weight
Jul 2015 Brean Capital Downgrades Buy Hold
Jul 2015 KeyBanc Downgrades Overweight Sector Weight

View More Analyst Ratings for BIDU
View the Latest Analyst Ratings

Posted-In: OppenheimerAnalyst Color Long Ideas Price Target Top Stories Analyst Ratings Tech Trading Ideas Best of Benzinga





Why The Liberty Lilac Spin-Off Could Be Worth Investing In

Courtesy of Benzinga.

Why The Liberty Lilac Spin-Off Could Be Worth Investing In
Related
Wunderlich Starts Lilac Group At Buy: '!Libertad Sin Contrato!'
Benzinga's Top Initiations

In a report published Monday, Morgan Stanley analyst Michel Morin initiated coverage of Liberty Global PLC LiLAC Class A (NASDAQ: LILA) with an Equal-weight rating and price target of $43. The analyst believes that the spin-off of the company’s Latin American assets is likely to help the management focus better on capturing Liberty Global’s growth potential, both through M&A and organically.

Upside Via Spin-off

“We see scope for triple-play penetration to increase further in LiLAC's existing markets (Chile and Puerto Rico) and in other LatAm countries, should the company expand to new countries,” Morin stated.

The analyst also expressed confidence in the management’s track record, stating that the Choice deal, signed in June 2015, was likely to drive margin expansion, similar to the way the management was able to unlock significant cost savings from the acquisition of OneLink in November 2012.

According to the Morgan Stanley report, “Management has stated that there is a long list of potential M&A candidates with a combined EBITDA opportunity of more than five times LiLAC's current size.”

Equal-Weight For Now

However, the analyst believes that this positive outlook is already priced into the stock. While Liberty Global is a compelling long-term growth story, local organic FX growth is expected to slow down sharply in 2015-2016 to the mid-single digits, due to tougher competition in Chile, more difficult comps and the weaker Puerto Rico macro environment.

What Liberty Global Had Announced

In a press released published May 20 on Yahoo Finance, Liberty Global had announced that it would separate the LatAm and Caribbean operations into the LiLAC Group on July 1.

On this date, the company announced that it would distribute to the holders of its Class A, B and C ordinary shares, shares of LiLAC Group, where one ordinary share for every 20 Liberty Global ordinary shares held as of the record date.

“We intend, prior to the distribution, to attribute $100 million of…
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Tableau And FireEye Just Disappointed Investors… Will Others Follow Suit?

Courtesy of Benzinga.

Tableau And FireEye Just Disappointed Investors… Will Others Follow Suit?

Related
Wunderlich: These Tech Companies Deserve Attention
Summit: Buy Qualys, Selloff 'Overdone'

In a report published Monday, Wunderlich analyst Rob Breza commented on the Enterprise Software segment, noting that the earnings season kicked off with "strong fundamentals combined with low expectations" from Check Point Software Technologies Ltd. (NASDAQ: CHKP) and Fortinet Inc (NASDAQ: FTNT).

However, the momentum failed to carry over as "high investor expectations with not good enough results" were reported by Tableau Software Inc (NYSE: DATA) and FireEye Inc (NASDAQ: FEYE) last week.

Breza previewed his expectations and investor sentiment for the remaining names in the group set to report their quarterly results this week.

Related Link: FireEye Investors Distracted By CFO Departure Despite Earnings Beat

Qualys Inc (NASDAQ: QLYS) (reporting August 3, after market close) is expected to report an in-line revenue and earnings per share print of $40 million and $0.11 as "core vulnerability management remains a key component to enterprises understanding the current threat environment." The analyst also stated that his checks with partners and resellers indicated expansion of vulnerability management within existing accounts and continued uptake of new products.

Imperva Inc (NYSE: IMPV) (reporting August 6, after market close) is expected to report slight upside to revenue and earnings per share of $50.0 million and ($0.18), versus expectations of $48.5 million and ($0.21). The analyst attributed the potential upside due to "strong uptake" of the entire portfolio including Skyfence, Incapsula, and cloud solutions.

Hortonworks Inc (NASDAQ: HDP) (reporting August 5, after market close) is also expected to report upside to revenue and earnings per share of $24.2 million and ($0.78) versus expectations of $23.3 million and ($0.84). The potential beat could be attributed to new customer workloads as the company maintained its market leading position and competitive pricing.

Latest Ratings for QLYS

Date Firm Action From To
Jun 2015 Wunderlich Initiates Coverage on Buy
May 2015 Summit Assumes Buy
May 2015 Baird Upgrades Neutral Outperform

View More Analyst Ratings for QLYS
View the Latest Analyst Ratings

Posted-In: Enterprise Software Rob Breza WunderlichAnalyst Color Previews Analyst Ratings Trading Ideas Best of Benzinga





US Stock Futures Flat Ahead Of Economic Data

Courtesy of Benzinga.

US Stock Futures Flat Ahead Of Economic Data
Related
Aetna, Kate Spade, Nike Lead Thursday's After-Hours Movers
5 NASDAQ Services Stocks With The Highest ROE
Related OSUR
Orasure Announces FDA Emergency Use Authorization for Ebola Rapid Diagnostic Test
Morning Market Gainers

Pre-open movers

US stock futures traded mostly flat in early pre-market trade. Data on motor vehicle sales will be released today. Data on consumer spending for June will be released at 8:30 a.m. ET, while the manufacturing PMI for July will be released at 9:45 a.m. ET. The ISM manufacturing index and construction spending data for June will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average gained 3.5 points to 17,617.5, while the Standard & Poor’s 500 index futures fell 0.55 points to 2,097.95. Futures for the Nasdaq 100 index slipped 0.30 points to 4,584.70.

A Peek Into Global Markets

European markets were mostly higher today, with the Spanish Ibex Index rising 0.62 percent, STOXX Europe 600 Index climbing 0.65 percent and German DAX 30 index gaining 0.68 percent. French CAC 40 Index jumped 0.56 percent and London’s FTSE 100 Index fell 0.07 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.18 percent, Hong Kong’s Hang Seng Index fell 0.91 percent, China’s Shanghai Composite Index dipped 1.11 percent and India’s BSE Sensex climbed 0.26 percent.

Broker Recommendation
Analysts at Morgan Stanley downgraded Starz (NASDAQ: STRZA) from Overweight to Equal-weight and lowered the price target from $46.00 to $42.00.

Starz shares dipped 1.10 percent to close at $40.45 on Friday.

Breaking news

  • OraSure Technologies, Inc. (NASDAQ: OSUR) announced today that it has received a U.S. Food and Drug Administration (FDA) Emergency Use Authorization (EUA) for its OraQuick® Ebola Rapid Antigen Test for use with fingerstick and venous whole blood. To read the full news, click here.
  • AUDI AG, the BMW Group and Daimler AG (OTC: DDAIF) have agreed with Nokia Corporation that they will acquire its mapping and


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Top Performing Industries For August 3, 2015

Courtesy of Benzinga.

Related LUV
Thursday's Calls Of Note: Wall Street Research On Airlines, Steel, Semis & More
Benzinga's Top Upgrades
U.S. airline profit at record level (Seeking Alpha)

Related GPRO
The Wall Street Research Making Waves Today
Morning Market Gainers
Flying cameras to lift GoPro stock, Citi says (Investor’s Business Daily)

At 10:30 am, the Dow dropped 0.29 percent to 17,638.65, the broader Standard & Poor’s 500 index moved down 0.07 percent to 2,102.40 and the NASDAQ composite index fell 0.18 percent to 5,119.27.

The industries that are still afloat in the market today are:

Regional Airlines: This industry moved up 1.9 percent by 10:30 am. The top performer in this industry was Southwest Airlines Co (NYSE: LUV), which gained 2.8 percent. Southwest’s PEG ratio is 0.47.

Photographic Equipment & Supplies: The industry gained 1.7 percent by 10:30 am. The top performer in this industry was GoPro Inc (NASDAQ: GPRO), which gained 1.3 percent. GoPro shares have jumped 61.17 percent over the past 52 weeks, while the S&P 500 index has gained 8.50 percent in the same period.

Building Materials Wholesale: This industry rose 1.5 percent by 10:30 am ET. The top performer in this industry was Louisiana-Pacific Corporation (NYSE: LPX), which gained 1.7 percent. Louisiana-Pacific is expected to report its Q2 financial results on Tuesday, Aug. 4, 2015.

Diversified Communication Services: This industry jumped 1.1 percent by 10:30 am. The top performer in this industry was Straight Path Communications Inc (NYSE: STRP), which rose 9.6 percent.

Posted-In: Top Performing IndustriesNews Intraday Update Markets Movers





Morning Market Gainers

Courtesy of Benzinga.

Related GAI
Morning Market Losers
Morning Market Losers
Global-Tech gets going-private offer for $8.75/share (Seeking Alpha)

Related LXRX
Benzinga's Top #PreMarket Gainers
US Stock Futures Flat Ahead Of Economic Data

Global-Tech Advanced Innovations Inc. (NASDAQ: GAI) surged 108.33 percent to $6.25 on going private bid of $8.75 per share.

Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX) shares jumped 33.82 percent to $11.29 as TELESTAR Phase 3 clinical trial met primary endpoint.

BiondVax Pharmaceuticals Ltd. – American Depositary Shares (NASDAQ: BVXV) shares gained 12.53 percent to $45.80 on flu vaccine study results.

Perion Network Ltd (NASDAQ: PERI) shares gained 7.81 percent to $2.76 as the company announced better-than-expected Q2 results.

Frontier Communications Corp (NASDAQ: FTR) rose 6.82 percent to $5.04 after the company reported in-line earnings for the second quarter.

Solar3D Inc (NASDAQ: SLTD) shares jumped 6.60 percent to $3.70 following the announcement of a $2.5 million contract with Fresno-based Baloian Packing.

OraSure Technologies, Inc. (NASDAQ: OSUR) shares climbed 3.44 percent to $5.11 after the company reported the FDA Emergency Use Authorization for its Ebola Rapid Diagnostic test.

Posted-In: Market GainersNews Intraday Update Markets Movers





Benzinga's Weekend M&A Chatter

Courtesy of Benzinga.

Benzinga’s M&A Chatter for Friday July 31 through Sunday Aug 2, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday July 27, 2015:

Yahoo to Acquire Polyvore

The Deal:
Yahoo!, Inc. (NASDAQ: YHOO) announced Friday that it has reached an agreement to acquire social shopping site Polyvore. Terms were not disclosed.

Yahoo closed at $36.67 on Friday, a loss of 2%.

Hearing Unconfirmed Market Chatter of Potential Costco Bid for Whole Foods

The Rumor:
Shares of Whole Foods Market, Inc. (NYSE: WFM) were boosted Friday, on unconfirmed market chatter of a potential offer from Costco Wholesale Corporation (NASDAQ: COST). The rumored bid is $44.00 per share.

Publix has also been mentioned on several occasions as a potential Whole Foods suitor

Spokespersons for Whole Foods and Costco did not respond to requests for comment.

Whole Foods closed at $36.40 Friday, a gain of $0.32.

Hearing Unconfirmed Market Chatter of Potential Offer for The Gap

The Rumor:
Shares of The Gap, Inc. (NYSE: GPS) spiked higher Friday, on unconfirmed market chatter of a potential hostile offer from Japan’s Fast Retailing (OTC: FRCOY). The rumored bid is $48.00 per share.

A Spokesperson for The Gap was not available for comment.

Gap closed at $36.48 Friday, a gain of $0.43.

UPS to Acquire Coyote Logistics for $1.8B

The Deal:
UPS (NYSE: UPS) has agreed to acquire truckload freight brokerage company, Coyote Logistics for $1.8 billion from Warburg Pincus. The deal is expected to close within 30 days.

UPS closed Friday at $102.36, up $.96.

EU Commission Begins Investigation into FedEx Takeover of TNT Express

The Investigation:
FedEx Corp. (NYSE: FDX) confirmed media reports Friday that the European Commission has initiated a Phase II review of its offer to acquire all the issued and outstanding shares of TNT Express N.V. (OTC: TNTEY). FedEx also noted reviews by other antitrust agencies, including the Ministry of Commerce in China and Conselho Administrativo de Defesa Econômica in Brazil.

FedEx still expects the deal to close in H1 of 2016.

FedEx closed Friday at $171.42, down $0.15.

Consortium of German Auto Manufacturers to Acquire Nokia’s HERE for $3.2B

The Rumor:
A consortium of German…
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Novartis Completes Divestiture of Influenza Vaccines Business to CSL Limited for $275M

Courtesy of Benzinga.

CSL Limited acquired influenza vaccines business of Novartis (NYSE: NVS), including influenza vaccines development pipeline Basel, Switzerland, August 3, 2015 – Novartis today announced that it has completed effective July 31, 2015 the divestiture of its influenza vaccine unit to CSL Limited. This marks the end of a series of transactions previously announced and completed,that are focusing Novartis on its three leading businesses of global scale – pharmaceuticals, generics and eye care. Since April 2014, the influenza vaccines unit results have been reported under Discontinuing Operations in the Novartis consolidated financial statements. DisclaimerClosing in certain jurisdictions is subject to statutory employee consultation. The foregoing release contains forward-looking statements that can be identified by words such as “pipeline,” “are focusing,” or similar terms, or by express or implied discussions regarding any potential strategic benefits, synergies or opportunities as a result of the announced transactions. You should not place undue reliance on these statements. Such forward-looking statements are based on the current

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3 Reasons LinkedIn Is A Buy (And 3 Catalysts That Could Be Coming)

Courtesy of Benzinga.

3 Reasons LinkedIn Is A Buy And 3 Catalysts That Could Be Coming
Related LNKD
Bob Peck Still Likes LinkedIn's Innovation: Here's Why He Projects $275
US Stock Futures Edge Lower Ahead Of Consumer Sentiment Report
LinkedIn (LNKD) Jeffrey Weiner on Q2 2015 Results – Earnings Call Transcript (Seeking Alpha)

In a report published Friday, Credit Suisse analyst Stephen Ju maintained an Outperform rating on LinkedIn Corp (NYSE: LNKD), while raising the price target from $307 to $311. The company reported its 2Q15 results, with 33 percent year-on-year revenue growth, well ahead of the guidance, estimates and consensus.

3 Reasons

According to the Credit Suisse report, there are three primary reasons that the stock is an attractive buying option. Firstly, "LinkedIn's current roster of over 37,000 corporate solutions clients implies a minority penetration rate for Talent Solutions on a global base of ~745k addressable businesses that have more than 100 employees."

Secondly, the analyst believes that since the current subscription model undercharges enterprise customers, LinkedIn might be able to potentially increase pricing on a per-lead basis, which could prove more lucrative.

Thirdly, "over the longer term LinkedIn can leverage its unique data set to place the right ad in front of the right user at the right time, driving ad inventory pricing higher."

Related Link: LinkedIn Has A 'Whopper Of An EPS'

On the other hand, Ju also believes that there could be further upside potential to the stock in the near to medium term if the company is able to achieve faster-than-anticipated ramp of Sales Navigator and rolls out additional products that could help LinkedIn monetize its "unique" data assets.

Upside could also be fuelled by acceleration in the Marketing Solutions business, driven by recovery in customer engagement, as well as contribution from Bizo. According to Ju, upside could also be driven by continued increase in pricing in the Talent Solutions business, "as the company exerts market power as the current all-you-can-eat subscription model undercharges enterprise customers."

Results

With regard to the 2Q15 results, CEO Jeff Weiner said, "LinkedIn continued to deliver increased member and customer…
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ValueWalk

Fannie Mae Discovery Materials "Completely Discredit Government's Defense"

By valueplays. Originally published at ValueWalk.

Fannie Mae Discovery Materials “Completely Discredit Government’s Defense”

From the filing:

Materials produced in discovery in this case and included in the attached appendix undermine, and in some instances completely discredit, important components of the central narrative on which the Government’s defense in the D.C. Circuit action was based, and Plaintiffs should be accorded the opportunity to fully apprise the D.C. Circuit of that reality while briefing is still ongoing.

Plaintiffs will not recount here the relevance of every item in the appendix to the issues in dispute in the D.C. Circuit action, but the deposition transcript of former Fannie Mae / Federal National Mortgage Assctn Fnni Me (...



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Zero Hedge

The Complete Breakdown Of Every Hillary And Bill Clinton Speech, And Fee, Since 2013

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Earlier today, when we reported that based on Hillary Clinton's latest tax disclosure, she and her husband had made $139 million in gross income since 2007 most of its from private speaking fees, the one aspect that readers founds most fascinating was the breakdown of all the bribes better known as speeches given by the two Clintons (who in Hillary's words came out of the White House "dead broke") in 2013 as well ...



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Phil's Favorites

Ukraine's Ultra-Right Militia Threatens Military Coup

Courtesy of Mish.

Dissatisfied with alleged concessions to Russia, the leader of the Right Sector battalion, Dmytro Yarosh, seeks a nationwide no-confidence referendum in President Petro Poroshenko.

The Right Sector is an illegal battalion that Kiev tolerates because its fighters are well-trained, well-equipped, and willing to take on the separatists.

There is growing unease in Kiev over the Right Sector, because of Yarosh's call for a vote of no-confidence along with some in the group openly threatening a military coup.

Russia claims (likely accurately), Right Sector neo-Nazis were responsible for the violence in the 2104 Ukrainian Revolution that ousted then-President of Ukraine, Viktor Yanukovych. 

Please consider ...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Greece's Stocks Tumble in First Day of Trading After Shutdown (Bloomberg)

Lenders led a record plunge in Greek equities as the Athens Stock Exchange reopened after a five-week shutdown, with restrictions in place due to capital controls.

China and Asia are on shaky ground (Business Insider)

Headwinds for the world's second-biggest economy intensified at the start of the third quarter, with manufacturing conditions in China deteriorating to their worst in two years in July and triggering ...



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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 3rd, 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

Consumption and Yields suggesting lower interest rates ahead!

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

This chart looks at the yield on the 30-year bond. Yields rallied strongly from the first of February to the first of July (up 30%). This strong rally in yields hit dual resistance at (1) above, which was the 38% retracement level and the bottom of a rising channel, which both came into play as resistance. Once yields hit resistance a month ago, yields have been falling and bond prices moving higher.

Now yields are attempting to break steep rising support at (2) above.

Below is a very cool chart of the Personal Consumption Expenditure index on a year over year basis, shared by ...



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Chart School

Three RTT Indicators

Courtesy of Read the Ticker.

readtheticker.com is primarily a Richard Wyckoff logic site, however through our research into Wyckoff logic the three indicators below make us very lazy in applying Richard Wyckoff logic.Why? Because if these indicators look handsome together then it most likely the Wyckoff logic is working very well.

These three indicators are NOT a trading system, but they do help with finding excellent well support accumulated stocks that show Mr Market is supporting them. Of course when indicators look ugly they will show stocks in a breakdown, thus less support by Mr Market.

RTT Steps

If the large market plays are accumulating the stock then they will control the range of BID and ASK and not let th...

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Sabrient

Sector Detector: Lackluster earnings reports put eager bulls back into waiting mode

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

Courtesy of Sabrient Systems and Gradient Analytics

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-ranked sectors.

Corporate earnings reports have been mixed at best, interspersed with the occasional spectacular report -- primarily from mega-caps like Google (GOOGL), Facebook (FB), or Amazon (AMZN). Some of the bul...



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Digital Currencies

Gold Spikes Back Above $1100, Bitcoin Jumps

Courtesy of ZeroHedge. View original post here.

Gold is jumping after the overnight double flash-crash...testing back towards $1100...

Bitcoin is back up to pre-"Greece is Fixed" levels...

Charts: Bloomberg and Bitcoinwisdom

...

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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!




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...

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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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