Author Archive for Insider Scoop

Patience May Be Needed In Aratana Therapeutics

Courtesy of Benzinga.

Patience May Be Needed In Aratana Therapeutics

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  • The share price of Aratana Therapeutics Inc (NASDAQ: PETX) has declined 65.6 percent year-to-date, almost touching its 52-week low on November 19.
  • Barclays’ Douglas D. Tsao has maintained an Overweight rating on the company, while lowering the price target from $30 to $15.
  • Although the stock has continued to underperform, Tsao believes that it could be worthwhile to stay with the story due to the potential of the company’s key assets.
  • Analyst Douglas Tsao elaborated that Aratana Therapeutics has provided details about commercial initiatives associated with its lead products, which have enhanced his confidence in the portfolio.

    However, Tsao also mentioned that despite “the maturation of PETX's towards commercialization, PETX shares have continued to underperform,” while also stating that “clinical catalysts for the lead three assets have provided only ephemeral relief for shares, triggering investor frustration and obviously many to give up.”

    Related Link: Hasbro Launches “Companion Pets” For Seniors

    Potential Ahead

    Tsao believes that it is worthwhile staying with the stock, given that there is potential for lead assets to generate sales of more than $200 million. “We feel particularly bullish for Galliprant which launches in a large, established market with a differentiated profile,” Tsao stated.

    On the other hand, when launched, Entyce would be the only FDA-approved drug for inappetence, catering to a population for about 4.1 million dogs. Nocita is also poised to capitalize on the post-surgery pain market.

    According to the Barclays report, about 6 million dogs undergo painful surgery each year in the United States. “Alternative NSAIDs and opioids pose tolerability and scheduling concerns, unlike the non-opioid formulation of Nocita,” the report mentioned.

    Aratana Therapeutics is expected to look at promoting its products overseas going forward, through partnership. “Mgmt seems patient, waiting for signoff from FDA on three major clinical sections of marketing applications, before signing a deal,” Tsao added.

    Image Credit: Public Domain

    Latest Ratings for PETX

    Date Firm Action From To
    Jul 2015 Lake Street Initiates Coverage on Buy
    Feb 2015 Stifel Nicolaus Maintains Buy
    Feb 2015 Bank of America Initiates Coverage on Buy

    View More Analyst Ratings for PETX
    View the Latest Analyst Ratings

    Posted-In: Barclays Douglas D. Tsao EntyceAnalyst Color Long Ideas Price Target Analyst Ratings Trading Ideas Best of Benzinga

    SunTrust's Bob Peck Highlights Top 10 Candidates To Be Yahoo's Next CEO

    Courtesy of Benzinga.

    SunTrust's Bob Peck Highlights Top 10 Candidates To Be Yahoo's Next CEO

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    • Yahoo! Inc. (NASDAQ: YHOO) shares are down 35 percent year-to-date, slipping below the $50 mark on January 9 and declining steadily after that.
    • SunTrust Robinson Humphrey’s Robert S. Peck maintained a Buy rating for the company, with a price target of $40.
    • Levinsohn, Rosensweig and Sandberg are among the top 10 suggested candidates for the company’s CEO, Peck said.

    Several media reports have been speculating on the stability of Yahoo’s senior management, in particular that of its current CEO Marissa Mayer.

    Based on talks with industry participants and investors, analyst Robert Peck cited 5 key attributes that a potential candidate for the company’s CEO could be evaluated on:

    1. Public CEO experience
    2. Familiarity with Yahoo, its core business, unique challenges and opportunities
    3. Media background
    4. Technology experience
    5. Turnaround executions or strong operational experience.

    “While this is not an exhaustive list, we agree with investors centering around these themes,” Peck wrote.

    Based on the 5 key attributed, a list of about 40 potential candidates was made. The Top 10 most cited, albeit in no particular order, were:

    1. Ross Levinsohn
    2. Dan Rosensweig
    3. Sheryl Sandberg
    4. Jim Lanzone
    5. David Rosenblatt
    6. Margo Georgiadis
    7. Susan Wojiki
    8. Beth Comstock
    9. Linda Yaccarino
    10. Jason Killar

    Peck pointed out that there was no clarity on what the board and CEO might do, and that the list is merely to address investor questions around the possible candidates.

    “As for next catalysts, we would expect to potentially hear from the company on: the convertible bond notice, a “will” letter from Skadden Arps, and potentially a response to Starboard’s letter. Given the overwhelming likelihood that the Aabaco spin is treated as tax-free, we maintain Buy rating and $40 PT that is based on sum of the parts using 5x 2017 EBITDA,” the SunTrust report stated.

    Latest Ratings for YHOO

    Date Firm Action From To
    Nov 2015 Boenning & Scattergood Initiates Coverage on Outperform
    Oct 2015 Morgan Stanley Maintains Overweight
    Oct 2015 Credit Suisse Maintains Neutral

    View More Analyst Ratings for YHOO
    View the Latest Analyst Ratings

    Posted-In: Bob Peck Marissa MayerAnalyst Color Long Ideas Reiteration Top Stories Analyst Ratings Trading Ideas Best of Benzinga

    Galil Medical and Perseon Corporation Announce Tender Offer/Merger Information Call For Dec 2 2015

    Courtesy of Benzinga.

    Galil Medical (“Galil”), a global leader in delivering innovative cryotherapy ablation solutions, and Perseon Corporation (NASDAQ: PRSN) (NASDAQ:PRSNW) (“Perseon” or “The Company”), a leading provider of medical systems that utilize energy to treat cancer, today announced that management will hold a Tender Offer/Merger Information conference call on Wednesday, December 2, 2015 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time. Commentary will include content from the Schedule TO and Schedule 14D-9. Perseon management will also provide an update on the company’s cash balance.

    Individuals interested in listening to the conference call may do so by visiting the Investor Relations section of Perseon’s website at or by dialing 877-270-2148 from the United States, or 412-902-6510 from outside the United States, and referencing “Perseon Corporation”.

    A telephone replay will be available through December 16, 2015, by dialing 877-344-7529 from the United States, or 412-317-0088 from outside the United States, and entering conference ID 10076824. A webcast replay will be available for 90 days. A transcript of the call will also be available on the Investor Relations section of Perseon’s website.

    Posted-In: News M&A Press Releases

    Stocks Hitting 52-Week Highs

    Courtesy of Benzinga.

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    Acuity Brands, Inc. (NYSE: AYI) shares gained 0.54 percent to touch a new 52-week high of $230.88. Acuity Brands’ PEG ratio is 1.83.

    Campbell Soup Company (NYSE: CPB) shares gained 0.88 percent to reach a new 52-week high of $52.98. Campbell Soup shares have jumped 15.99 percent over the past 52 weeks, while the S&P 500 index has gained 1.03 percent in the same period.

    eFuture Information Technology Inc. (NASDAQ: EFUT) shares surged 94.85 percent to touch a new 52-week high of $15.88 following Wednesday filing of 50.51 percent stake by Shiji (Hong Kong) Limited.

    B&G Foods, Inc. (NYSE: BGS) shares rose 0.26 percent to reach a new 52-week high of $38.04. B&G Foods shares have surged 32.56 percent over the past 52 weeks, while the S&P 500 index has gained 1.03 percent in the same period

    Posted-In: 52-Week HighsNews Intraday Update Markets Movers

    RBC Downgrades Aviva To Underperform

    Courtesy of Benzinga.

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    • Aviva Plc (ADR) (NYSE: AV) shares have risen 6 percent in the last one month, remaining upon $14.50 since October 27.
    • RBC Capital Markets’ Gordon Aitken downgraded the rating on the company from Sector Perform to Underperform, while reducing the price Target from GBp 490 to GBp 460.
    • Aviva’s solvency ratio may be towards the lower end of what is acceptable to investors, Aitken said.

    Analyst Gordon Aitken mentioned that Aviva’s economic capital coverage ratio is at 172 percent, which appears to be close to the lower end of what investors consider as acceptable. He believes that investors would be comfortable with a ratio of 180 percent for life companies and 150 percent for non-life companies.

    “We believe selling commercial mortgages and staying clear of UK bulk annuities [which is high growth, high margin] indicates Aviva itself thinks its ratio is not high enough,” Aitken wrote. He added that the company’s asset management business could take time to “develop a three year performance track record which it needs to drive institutional inflows.”

    Aviva has not announced the capital synergies from the acquisition of Friends Life Group. This could add at most 10 percentage points to the coverage ratio. The analyst added, however, that the UK regulator is likely to “push back on the assumptions UK insurers are currently using,” which may adversely impact the coverage ratio by as much as 10 percentage points.

    Although Aviva has recorded its 11th straight quarter of growth in life value of new business, this growth has been achieved via acquisition rather than being organic, Aitken pointed out.

    In the report RBC Capital Markets added, “Longer term we see lower pensions sales when a single rate of tax relief is introduced (we expect a rate of 25% from April 2017).”

    Latest Ratings for AV

    Date Firm Action From To
    Nov 2015 RBC Capital Downgrades Sector Perform Underperform
    Oct 2015 Beaufort Securities Upgrades Buy
    Apr 2015 JP Morgan Resumes Overweight

    View More Analyst Ratings for AV
    View the Latest Analyst Ratings

    Posted-In: Gordon Aitken RBC Capital MarketsAnalyst Color Short Ideas Downgrades Price Target Analyst Ratings Trading Ideas

    Taiwan Semiconductor to Sell 6% of Motech Industries

    Courtesy of Benzinga.

    Taiwan Semiconductor (NYSE: TSM) today announced to sell 29.16 million common shares of Motech Industries, Inc. (“Motech”), or approximately 6% of Motech’s paid-in-capital. After the sale, TSMC will hold approximately 12% of Motech shares. TSMC intends to exit from its financial investment in Motech in an orderly manner in the future.

    Posted-In: News Asset Sales Insider Trades Press Releases

    Benzinga's Volume Movers

    Courtesy of Benzinga.

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    eFuture Information Technology Inc. (NASDAQ: EFUT) shares climbed 92.64 percent to $15.70. The volume of eFuture Information Technology shares traded was 2128 percent higher than normal. eFuture shares surged following Wednesday filing of 50.51 percent stake by Shiji (Hong Kong) Limited.

    Telekomunikasi Indns Tbk Prshn PP PT-ADR (NYSE: TLK) shares rose 1.74 percent to $42.58. The volume of Telekomunikasi Indns Tbk Prshn shares traded was 405 percent higher than normal.

    KaloBios Pharmaceuticals Inc (NASDAQ: KBIO) surged 48.74 percent to $39.61. The volume of KaloBios Pharmaceuticals shares traded was 287 percent higher than normal. KaloBios Pharmaceuticals shares surged 44.73 percent on Wednesday.

    Universal Display Corporation (NASDAQ: OLED) shares moved up 4.79 percent to $54.44. The volume of Universal Display traded was 70 percent higher than normal. According to an article published in The Korea Times, Apple is in talks with Samsung affiliate Samsung Display Co. The iPhone maker is allegedly considering starting to use organic light-emitting diodes (OLED) displays in its phones as of 2018.

    Posted-In: volume moversNews Intraday Update Markets Movers

    China's Stock Market Is Crashing Again: Here Are The Real Problems At Play

    Courtesy of Benzinga.

    China's Stock Market Is Crashing Again: Here Are The Real Problems At Play
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    The Shanghai Stock Exchange Composite Index, the most widely accepted proxy of the Chinese stock market, dropped 5.5 percent on Friday. That marks the index's largest decline in three months — it fell 8.5 percent on August 24.

    That move, in fact, represented Shanghai's biggest one-day drop since February 27, 2007.

    Although the index is still up a little over 6 percent on the calendar year, 2015 has been a volatility-driven nightmare for investors seeking growth in the world's most popular emerging market.

    One driving factor for the selloff has been heavier regulation. On Thursday, Chinese brokerage Guosen Securities revealed it was under investigation, following larger peer Citic Securities, which announced a probe earlier this year. "The Securities Association of China (SAC) said on Wednesday CITIC Securities had overstated the value of some of its financial derivatives by more than 1 trillion yuan ($156.51 billion) in its monthly reports from April to September," CNBC reported.

    The Real Problems: Industry And Policy

    China's economy is also experiencing growing pains. The country revised its GDP growth estimates downward in September and manufacturing activity has shrank in four consecutive months.

    A new report from Credit Suisse seeks to understand China's underlying problems. Several analysts visited the country and conducted investor tours in Beijing and Shanghai; in their mind, manufacturing and stimulus effectiveness are two major issues.

    "There seems to be a clear divergence in China's current growth. The industrial sector is facing particular challenges…the industrial sector's nominal GDP is a key indicator of such challenges," the analysts wrote. Third quarter industrial GDP contracted by 0.2 percent, while headline GDP grew by 6.2 percent.

    Investors Credit Suisse met with expect…
    continue reading

    Morgan Stanley Thinks SPX Flow Is Cheap Compared To Peers, Initiates At Equal-Weight

    Courtesy of Benzinga.

    Morgan Stanley Thinks SPX Flow Is Cheap Compared To Peers, Initiates At Equal-Weight

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  • Shares of SPX Flow Inc (NYSE: FLOW) have been trading at a discount to its peers since the company’s spin in September 2015.
  • Morgan Stanley’s Nigel Coe has initiated coverage of the company with an Equal-Weight rating and price target of $38.
  • Coe expects the stock to continue to trade at a discount, with investors seeking better end-market stability and/or strategic catalysts/viable balance sheet.
  • Following Morgan Stanley’s initiation of coverage of SPX Flow, analyst Nigel Coe explained, “Small cap, levered plays with downside risk to consensus estimates and no viable balance sheet catalysts have not been market favorites for sometime and we see little reason why that changes anytime soon.”

    Consolidation Ahead

    However, Coe expects the Flow Control industry to consolidate over time, once there is greater end-market stability, with 2016 expected to bring in some improvement in the end-market fundamentals.

    The declines in the power and energy segment are expected to slow, while the industrial segment is expected to recover to some extent, although only in 2H2016.

    Related Link: SPX Flow Announces Multi-Year Plan To Expand Manufacturing Presence

    “However, backlog erosion in food and beverage on account of weak dairy prices and recent capacity overbuild represents a new challenge and leads us to project ~2.5 percent core sales erosion vs. -6.3 percent in 2015e,” Coe stated.

    Future Fundamentals

    SPX Flow’s top-line fundamentals are expected to lag its EE/MI peers by about 300 bps in 2016, although Coe expressed optimism regarding margin fundamentals driven by the robust execution over the past three years, along with the aggressive restructuring initiatives.

    “We also see some mix benefits in both the food and beverage and power and energy segments as demand continues to shift to richer component and aftermarket products, although all of these favorable factors are likely offset by price deflation in P&E,” Coe added.

    Image Credit: Public Domain

    Latest Ratings for FLOW

    Date Firm Action From To
    Nov 2015 Morgan Stanley Initiates Coverage on Equal-weight
    Nov 2015 William Blair Initiates Coverage on Market Perform
    Nov 2015 Seaport Global Initiates Coverage on Neutral

    View More Analyst Ratings for FLOW
    View the Latest Analyst Ratings

    Posted-In: Morgan Stanley Nigel CoeAnalyst Color Long Ideas Initiation Top Stories Analyst Ratings Trading Ideas Best of Benzinga

    Benzinga's Top #PreMarket Gainers

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    Voltari Corp (NASDAQ: VLTC) shares climbed 9.68 percent to $9.40 in pre-market trading after surging 144.86 percent on Tuesday.

    VimpelCom Ltd (ADR) (NASDAQ: VIP) shares rose 4.45 percent to $3.52 in pre-market trading after falling 1.75 percent on Tuesday.

    Deere & Company (NYSE: DE) gained 4.01 percent to $79.41 in pre-market trading after the company reported better-than-expected earnings for its fiscal fourth quarter.

    Tesla Motors Inc (NASDAQ: TSLA) shares surged 1.26 percent to $221 in pre-market trading after rising 0.23 percent on Tuesday.

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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...

    more from David

    Zero Hedge

    And The First To Admit Defeat In Currency Wars Is...

    Courtesy of ZeroHedge. View original post here.

    Submitted by Tyler Durden.

    Earlier today, the South African Rand (ZAR) weakened to an all-time low against the USD, falling for a fourth day in a row after a report earlier on Monday showed that South Africa’s trade deficit widened more than expected in October to the biggest shortfall in nine months.

    The South African Reserve Bank then conveniently said the currency may depreciate further because the first interest rate increase by the Federal Reserve in almost a decade hasn’t fully been priced in by currency markets.

    “The rand has been very sensitive to changing probabilities of the Fed hiking rates, suggesting that the first increase is not yet fully priced in,” the central bank said in a report released on Monday in th...

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    Market News

    News You Can Use From Phil's Stock World


    Financial Markets and Economy

    World's Biggest Pension Fund Loses $64 Billion Amid Equity Rout (Bloomberg)

    The worlds biggest pension fund posted its worst quarterly loss since at least 2008 after a global stock rout in August and September wiped $64 billion off the Japanese asset managers investments.

    It's starting to look like negative interest rates might do the opposite of what they're supposed to (Business Insider)

    The European Central Bank is expected to cut interest rates deeper into negative territory this week as it attempts to ...

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    Phil's Favorites

    'Unpatriotic' Ford Agrees Union Deal To Offshore American Jobs And Hire Low-Paid Workers

    Courtesy of ZeroHedge. View original post here.

    As goes Ford, so goes America?

    It appears that demand, supply, and capitalism briefly won - while 'fairness', 'patriotism', and all the other non-free-market interventionism lost - in the UAW-Ford negotiations...

    Ford Motor Co. said its new four-year contract with the UAW will increase its U.S. labor costs by less than 1.5 percent annually by letting the company hire more low-cost workers and move production to factories in other countries.

    The agreement - ratified ...

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    Kimble Charting Solutions

    Crude Oil Market As Oversold As 1999 Lows

    Courtesy of Chris Kimble.

    Crude Oil is quite simply the most important commodity on the planet. But volatility with Crude Oil prices emerges every time there is conflict in oil producing nations or an economic slowdown.

    And this has led to some pretty big swings in Crude Oil prices over the past several years.

    But the latest swing lower is nearing a moment of truth. In fact, this decline may be the most important swing lower of the 2000’s.

    Why?  Because oil prices are currently testing a key price support level comprised of the 2004 breakout level (above the 1990 highs) and the 2009 price lows – see red circles and line. In fact, this price support area also marks the 23.6 Fibonacci support level (from the 1999 lows to 2008 highs).  AND crude oil is as oversold as it was back at the 1999 price lows!

    But that’s no...

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    Swing trading portfolio - week of November 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 ...

    more from OpTrader

    Digital Currencies

    The Bitcoin Universe Explained

    Courtesy of ZeroHedge. View original post here.

    As evidenced by the Greek, Chinese, and now Argentine 'jumps', the world remains increasingly aware of the inevitable worth of fiat currencies and fears the desperate acts of governments as the react to that reality (and is looking for alternatives).

    This infographic explains the wide ranges of the Bitcoin universe, accompanied with quotes from some of its best-known business leaders.

    Courtesy of: Visual Capitalist ...

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    Chart School

    Greatest risk to the stock market is?

    Courtesy of Read the Ticker.

    Nope it is not interest rates, nope it is not Donald Trump, it is!

    It is the CRUDE OIL crash, simple!

    Jim Willie has good comments in the first 40 min of this pod cast.

    Energy company ...
    - Debt is blowing up (See energy element of HYG).
    - Hedging at oil $100 is coming to an end.
    - Iran coming back to the market, more supply.
    - Saudi still providing massive supply.
    - Oil tankers holding oil parked in the ocean are coming in to harbor to unload
    - US dollar strength supports lower oil prices
    - World wide DEMAND slump for energy or deflation.
    - More oil being sold outside the US Dollar
    - The Oil futures can not be manipulated easily as folks actually ...

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    Sector Detector: Bulls wrest back control of market direction, despite global adversity

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

    Courtesy of Sabrient Systems and Gradient Analytics

    Some weeks when I write this article there is little new to talk about from the prior week. It’s always the Fed, global QE, China growth, election chatter, oil prices, etc. And then there are times like this in which there is so much happening that I don’t know where to start. Of course, the biggest market-moving news came the weekend before last when Paris was put face-to-face with the depths of human depravity and savagery. And yet the stock market responded with its best week of the year. As a result, the key issues dominating the front page and election chatter have moved from the economy and jobs to national security and a real war (rather than police ...

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    PSW is more than just stock talk!


    We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more! features the most important and most interesting news items from around the web, all day, every day!

    News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

    If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...

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    Whitney Tilson On LL, EXACT, And Martin Shkreli


    Whitney Tilson On LL, EXACT, And Martin Shkreli

    Courtesy of Value Walk

    1) The shares of one of my largest short positions (~3%), Exact Sciences, crashed by more than 46% yesterday. Below is the article I published this morning on SeekingAlpha, explaining why I think it’s still a great short and thus shorted more yesterday. Here’s a summary:

    • The U.S. Preventative Services Task Force’s Colorectal Cancer Screening Draft Recommendation issued yesterday is devastating for Exact Sciences’ only product, Cologuard.
    • I think this is the beginning of the end for the company.
    • My price target for the stock a year from now is $3, so I shorted more yes...

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    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. 


    more from M.T.M.

    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...

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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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