Author Archive for Insider Scoop

Recent Decline In Gigamon Shares Leads D.A. Davidson To Upgrade

Courtesy of Benzinga.

Recent Decline In Gigamon Shares Leads D.A. Davidson To Upgrade

Shares of Gigamon Inc (NYSE: GIMO) have declined by over 11 percent since October. Investors may have responded to management commentary on the partnership with AWS not generating revenue Gigamon until at least 2018, D.A. Davidson’s Mark Kelleher said in a report.

Analyst Kelleher upgraded the rating on the company from Neutral to Buy, while maintaining the price target at $60. He mentioned that the current share price provides meaningful upside to the price target.

Upside To Shares

The stock had been downgraded by D.A. Davidson in early October, since the price seemed to reflect “a significant beat to consensus expectations for the September quarter results, and we were not confident that any upside realized would be enough to maintain the stock’s momentum,” Kelleher explained.

However, Gigamon reported a healthy beat for the September quarter, and the stock maintained its valuation.

The more recent pressure on the share price came after the company’s investor conference in which management indicated that its budding partnership with Amazon.com, Inc. (NASDAQ: AMZN) was unlikely to generate revenue until at least 2018.

For 2017, Gigamon planned to make a foray into the AWS market with free licenses for small implementations of its visibility software. “We do not have any revenue expectations for AWS built into our fiscal 2017 model, so any contribution would be upside to our projections,” the analyst noted.

At last check, Gigamon shares were up 2.28 percent on Friday, trading at $49.

Latest Ratings for GIMO

Date Firm Action From To
Dec 2016 DA Davidson Upgrades Neutral Buy
Oct 2016 Bank of America Upgrades Neutral Buy
Oct 2016 JMP Securities Initiates Coverage on Market Perform

View More Analyst Ratings for GIMO


View the Latest Analyst Ratings

Posted-In: Analyst Color Long Ideas News Upgrades Price Target Analyst Ratings Movers Tech Best of Benzinga





Synergy Reports Positive Phase 3-Trial 1 Data

Courtesy of Benzinga.

Synergy Reports Positive Phase 3-Trial 1 Data

Before Friday’s market open, Synergy Pharmaceuticals Inc (NASDAQ: SGYP) announced positive data from its first of two Phase 3 trials for clinical constipation-predominant irritable bowel syndrome (IBS-C) drug plecanatide.

“We are very pleased with these results,” said Gary S. Jacob, Ph.D., chairman and CEO of Synergy. “These data reinforce our strong belief that plecanatide may represent an important new treatment option for the millions of patients currently suffering from IBS-C. We look forward to the results of our second phase 3 IBS-C trial with plecanatide later this month.”

If the second Phase 3 results show positive data as well, an NDA should be filed in Q1 2017, and the FDA should be expected to make a decision by January 29, 2017, according to BTIG analyst Timothy Chiang.

At last check, shares of Synergy were trading up 17 percent in the pre-market session.

Latest Ratings for SGYP

Date Firm Action From To
May 2016 Rodman & Renshaw Maintains Buy
Mar 2016 Rodman & Renshaw Maintains Buy
Mar 2016 Citigroup Maintains Neutral

View More Analyst Ratings for SGYP


View the Latest Analyst Ratings

Posted-In: Analyst Color Biotech News FDA Analyst Ratings Movers Trading Ideas General Best of Benzinga





Study: Top Retailers Will Lose $5.4 Billion In Mobile Revenue This Holiday Season

Courtesy of Benzinga.

Study: Top Retailers Will Lose $5.4 Billion In Mobile Revenue This Holiday Season

The holiday shopping season is the most important time of the year for many retailers, but a new study by Moovweb reveals that some of the biggest names in U.S. retail, including Wal-Mart Stores, Inc. (NYSE: WMT), J C Penney Company Inc (NYSE: JCP) and Best Buy Co Inc (NYSE: BBY), are missing out on major revenue due to poor mobile platform performance.

Mobile Is The Trend Of The Season

This year, an estimated 34 percent of online holiday shopping will be done on mobile devices.

Moovweb studied the mobile platforms of 16 top U.S. retailers and generated some surprising conclusions. The company estimates that sub-optimal performance, slow checkout times and glitchy apps will result in an overall mobile card abandonment rate of 14.9 percent this holiday season. More importantly for investors, that number represents an estimated $5.47 billion in lost sales.

“More customers are using their smartphones that ever before, yet almost 75 percent of shopping carts were abandoned last Black Friday alone, likely due to subpar experience on mobile web,” Moovweb CEO Ajay Kapur explained.

The study found the average checkout time for a first-time mobile shopper this holiday season is nearly 2.5 minutes.

The study suggests that retailers investing heavily in improving their mobile platforms have the chance to capitalize on a multi-billion-dollar opportunity.

Since Black Friday

  • Best Buy shares are up 3.8 percent.
  • J.C. Penney shares are up 4.5 percent.
  • Wal-Mart shares are down 1.3 percent.

At Last Check

  • Best Buy shares are down 0.99 percent at $48.83.
  • J.C. Penney shares are down 2.75 percent at $10.27.
  • Wal-Mart shares are down 0.64 percent at $69.89.

Posted-In: holiday shopping seasonNews Education Topics Movers Media Trading Ideas General Best of Benzinga





InvenSense In Talks To Be Acquired

Courtesy of Benzinga.

InvenSense In Talks To Be Acquired

InvenSense Inc (NYSE: INVN) shares spiked in mid-day trading following news from Reuters that the U.S. chipmaker was in talks to be acquired by Japan-based TDK Corp.

The source for the story was unwilling to be identified, as deliberations were confidential, but disclosed that TDK had offered $12 per share, an over 44 percent premium from where InvenSense was trading before the news broke, according to Reuters.

The news revives late October comments from the company:

  • October 28: InvenSense announced it was exploring “strategic alternatives,” moving the stock up over 11 percent.
  • October 30: InvenSense announced it was “evaluating indications of interest”, moving the stock up over 5 percent.

InvenSense has a current short interest of 12.23 percent with 5.7 days to cover. 

At last check, the stock was Up 26.72 percent at $10.46.

Image Credit: By Andres Rueda (CD-CX10RFW 2014.09.01) [CC BY 2.0], via Wikimedia Commons

Posted-In: Reuters TDK CorpNews M&A Movers Tech Best of Benzinga





Biotech Winners And Losers From ASH Conference

Courtesy of Benzinga.

Biotech Winners And Losers From ASH Conference

The American Society of Hematology (ASH) held its annual December meeting in San Diego, where some of the biggest biotech companies announced clinical trial results, new drug updates and future initiatives. In separate reports, Cantor Fitzgerald analysts mentioned their takes on the announcements by three biotech companies.

Celgene

Analyst Mara Goldstein reiterated a Buy rating on Celgene Corporation (NASDAQ: CELG), with a price target of $159, saying that the ASH was supportive of the company’s “revenue growth targets spread across potential multiple drivers.”

Revlimid would likely remain a growth driver. Goldstein further noted that growth could be generated even without a positive read out for all the potential indications, since its growth potential was spread across multiple opportunities.

“In addition to the existing IMID franchise, data across a number of candidates, including those fully owned (such as CC-486 and CC-220) and those licensed (such as AGI-221, luspatercept, and bb2121), potentially provide multiple levers for growth,” Goldstein wrote.

Bellicum Pharma

Analyst Elemer Piros reiterated a Buy rating on Bellicum Pharmaceuticals Inc (NASDAQ: BLCM), with a price target of $32.

Bellicum Pharma presented updated BPX-501 data in patients receiving haplo-HSCT due to primary immune deficiencies (PIDs) and hemoglobinopathies. “Patients with nonmalignant disease remain alive, achieve effective cures of prior disease, and are GvHD-free,” Piros wrote.

Hemoglobinopathy patients achieved hemoglobin levels that were far superior than that reported by bluebird bio Inc (NASDAQ: BLUE) (Rated: Sell).

“We believe these data with BPX-501 provide strong support for enabling haplo-HSCT for patients as a more viable treatment option in the treatment of non-malignant diseases,” the analyst added.

Seattle Genetics

Analyst Mara Goldstein maintains a Hold rating on Seattle Genetics, Inc. (NASDAQ: SGEN), with a price target of $43, saying that although the company’s ASH presentation…
continue reading





Twilio Inc Attempting To Avoid First Close Under $30 Since June

Courtesy of Benzinga.

Twilio Inc Attempting To Avoid First Close Under $30 Since June

Twilio Inc (NYSE: TWLO) shares were trading lower by $0.70 at $29.90 in Friday’s session, trading lower for the third day in a row and for the tenth time in its last thirteen sessions.

The once hot IPO roared from its opening price in June at $23.99 all the way to $70.96 in September has now made a now low since making that high. There is no significant news on the issue to account for today’s decline.

After a flat open, it rallied to $30.95 before reversing course. The ensuing decline has taken the issue to $29.62, and it is not far off that low. That eclipses its former low for the down at $29.92, which provided the base for a rebound rally to $38.88.

It is attempting to avoid its first close under $30 since, June 22, when it ended the session at $29.92.

At time of publication, shares were down 1.76 percent at $30.06.

Posted-In: News Technicals Movers Tech Trading Ideas





Christmas Came Early For Broadcom Investors

Courtesy of Benzinga.

Christmas Came Early For Broadcom Investors

Following a beat/raise quarter for Broadcom Ltd (NASDAQ: AVGO), Oppenheimer commented that Christmas has come early for investors in the shares of the company.

Stellar Fiscal Fourth Quarter, Upbeat Guidance

Analyst Rick Schafer noted that the company reported fourth-quarter revenues of $4.15 billion and earnings per share of $3.47. This was ahead of the consensus estimate. The analyst also noted that the company’s fiscal fourth-quarter revenue guidance of $4.08 billion and gross margin guidance of 61.5 percent also exceeded estimates.

Among the other highlights of the earnings release, the analyst highlighted the company doubling the quarterly dividend and planning to return about 50 percent of the free cash flow through dividends long term.

The analyst indicated that wireless, accounting for 32 percent of the total revenues, saw 34 percent sequential growth. The company expects double-digit revenue growth from Apple Inc. (NASDAQ: AAPL) in calendar year 2017, as mix shifts to newer devices, and 20 percent RF content growth in the iPhone 8 supported by a three-year supply agreement with Apple. Wired, accounting for 50 percent of the total revenues, and storage, accounting for 14 percent of the total revenues, saw sequential growth of 1 percent and 6 percent, respectively.

Broadcom Mispriced

Oppenheimer believes Broadcom is mispriced at less than 12 times its calendar year 2018 earnings per share estimate, given its industry leading capital return and margin profile. The firm stated that the organically growing revenues are tied to favorable long tern secular trends and additional accretion from Brocade is yet to be layered into estimates. The firm also said it is bracing for further M&A.

Oppenheimer has an Outperform…
continue reading





12 Stocks To Watch For December 8, 2016

Courtesy of Benzinga.

12 Stocks To Watch For December 8, 2016

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

  • Wall Street expects Sears Holdings Corp (NASDAQ: SHLD) to report a quarterly loss at $4.06 per share on revenue of $4.95 billion before the opening bell. Sears shares fell 3.22 percent to $11.73 in after-hours trading.
  • Lululemon Athletica inc. (NASDAQ: LULU) reported stronger-than-expected earnings for its third quarter and announced a $100 million stock buyback plan. Lululemon shares climbed 14.07 percent to $68.26 in the after-hours trading session.
  • Analysts expect Broadcom Ltd (NASDAQ: AVGO) to post quarterly earnings at $3.38 per share on revenue of $4.12 billion after the closing bell. Broadcom shares gained 0.93 percent to $170.11 in after-hours trading.
  • Casey’s General Stores Inc (NASDAQ: CASY) posted weaker-than-expected earnings for its second quarter on Wednesday. Casey’s shares dropped 2.71 percent to $120.85 in the after-hours trading session.
  • H & R Block Inc (NYSE: HRB) reported a narrower-than-expected loss for its second quarter on Wednesday. H & R Block shares surged 7.11 percent to $25.00 in the after-hours trading session.
  • Before the opening bell, Science Applications International Corp (NYSE: SAIC) is projected to report its quarterly earnings at $0.84 per share on revenue of $1.15 billion. SAIC shares gained 0.04 percent to $82.15 in after-hours trading.

Find out what’s going on in today’s market and bring any questions you have to Benzinga’s PreMarket Prep.

  • Costco Wholesale Corporation (NASDAQ: COST) reported upbeat profit for its first quarter on Wednesday. Costco shares gained 1.40 percent to $156.00 in the after-hours trading session.
  • Analysts are expecting Ciena


continue reading





7 Biggest Price Target Changes For Thursday

Courtesy of Benzinga.

  • Evercore ISI Group raised MPLX LP (NYSE: MPLX) price target from $27 to $39. MPLX shares closed at $31.69 on Wednesday.
  • Mizuho increased the price target for Lululemon Athletica inc. (NASDAQ: LULU) from $60 to $78. Lululemon shares closed at $59.84 on Wednesday.
  • Jefferies lowered the price target on SL Green Realty Corp (NYSE: SLG) from $119 to $117. SL Green Realty shares closed at $111.01 on Wednesday.
  • Deutsche Bank cut Fitbit Inc (NYSE: FIT) price target from $18 to $9. Fitbit shares closed at $7.97 on Wednesday.
  • RBC Capital lowered the price target for Ferrellgas Partners, L.P. (NYSE: FGP) from $11 to $6. Ferrellgas Partners shares closed at $5.93 on Wednesday.
  • Wedbush boosted the price target for Lululemon Athletica inc. (NASDAQ: LULU) from $70 to $81. Lululemon shares closed at $59.84 on Wednesday.
  • Nomura boosted the price target on Juniper Networks, Inc. (NYSE: JNPR) from $24 to $33. Juniper shares closed at $27.75 on Wednesday.

Latest Ratings for MPLX

Date Firm Action From To
Dec 2016 Evercore ISI Group Upgrades Hold Buy
Oct 2016 Raymond James Upgrades Outperform Strong Buy
Oct 2016 Jefferies Upgrades Hold Buy

View More Analyst Ratings for MPLX


View the Latest Analyst Ratings

Posted-In: Price Target ChangePrice Target Analyst Ratings





Amazon’s Move Into These 3 Massive Markets Not Yet Embedded Into Valuation

Courtesy of Benzinga.

Amazon's Move Into These 3 Massive Markets Not Yet Embedded Into Valuation

Following the recent selloff in Amazon.com, Inc. (NASDAQ: AMZN) shares, which Benchmark’s Dan Kurnos believes was driven by “an irrational post-Trump retribution fear,” the stock has resumed its upward move, driven by the announcement of the launch of Amazon Go in 2017.

Kurnos maintained a Buy rating on the company, with a price target of $950.

Amazon Go

The analyst now sees “Amazon as having achieved scale or potentially entering 3 massive TAM verticals in Apparel/Fashion, Automotive and Grocery,” none of which appear to be factored into the current outlook for the company or the stock valuation.

Kurnos believes the Amazon Go announcement could be a potential gamechanger, if the technology is sound and fairly bug-free.

The analyst stated that if the company was able to establish 100 Amazon Go stores over the coming four years, it could drive incremental annual revenue of $1.5 billion, while only representing 0.2 percent of the total grocery market.

New Verticals

Even in the absence of the meaningful benefit from the new vertical launches, the analyst estimates Amazon could revenue by 28 percent in 2016 and 22 percent in 2017, with AWS growing 56 percent and 44 percent in 2016 and 2017, respectively.

Kurnos sees Apparel as a “major vertical of opportunity,” and believes that Amazon has achieve sufficient scale and manufacturer support to “begin notably moving the needle.”

However, the benefits from Automotive are expected to take longer, since the company would need to “crack the local code, which has historically eluded the larger players, although a Primecentric membership model could be appealing to dealerships.”

Latest Ratings for AMZN

Date Firm Action From To
Nov 2016 Citigroup Maintains Buy
Nov 2016 Citigroup Maintains Buy
Nov 2016 Axiom Capital Maintains Buy

View More Analyst Ratings for AMZN


View the Latest Analyst Ratings

Posted-In: Amazon Go Amazon Prime BenchmarkAnalyst Color Long Ideas Reiteration Analyst Ratings Trading Ideas Best of Benzinga





 
 
 

Kimble Charting Solutions

Gold could blast off, if this resistance cluster holds!

Courtesy of Chris Kimble.

Below looks at the US Dollar/Gold Ratio over the past 30-years. When the ratio is heading lower, US$ is weaker than Gold/Gold stronger than US$. When the ratio is heading higher, US$ is stronger than Gold/Gold weaker than the US$

At this time, the ratio in the chart below, has created a Power of the Pattern setup, that is seldom if ever seen.

CLICK ON CHART TO ENLARGE

A rare cluster of resistance is in play for the US$/Gold ratio at (1...



more from Kimble C.S.

Zero Hedge

Soft Coup Attempt Imminent? Furious Trump Slams "Secret" CIA Report Russia Helped Him Win

Courtesy of ZeroHedge. View original post here.

Overnight the media propaganda wars escalated after the late Friday release of an article by the Washington Post (which recently admitted to promoted fake news itself in an attempt to smear other so-called "fake news" sites) according to which a secret CIA assessment found that Russia sought to tip last month’s U.S. p...



more from Tyler

ValueWalk

How to make 13% on your favorite song

By Sovereign Man. Originally published at ValueWalk.

Did you know that until June 28, 2016, the song “Happy Birthday” was actually copyrighted material?

Yes, I’m serious. And I’m talking about THAT Happy Birthday, as in the song we all sing at birthday parties.

The original melody was written by two sisters, Patty and Mildred Hill, back in 1893. But instead of “Happy Birthday” they called it “Good Morning to All.”

Photo by langll, Pixbay

The Happy Birthday lyr...



more from ValueWalk

Phil's Favorites

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

U.S. Rig Counts Jump in Wake of OPEC’s Production Accord: Chart (Bloomberg)

U.S. oil and gas producers increased drilling activity the most since April 2014 after OPEC agreed to its first production cut in eight years last month.

Oil Climbs as Saudis Show Commitment to Cut Output Before Talks (Bloomberg)

Oil advanced as Saudi Arabia was said to have informed its customers it will stand by its commitment to cut production before OPEC meets with producers from outside the group to discuss reductions...



more from Ilene

Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

U.S. Rig Counts Jump in Wake of OPEC’s Production Accord: Chart (Bloomberg)

U.S. oil and gas producers increased drilling activity the most since April 2014 after OPEC agreed to its first production cut in eight years last month.

Oil Climbs as Saudis Show Commitment to Cut Output Before Talks (Bloomberg)

Oil advanced as Saudi Arabia was said to have informed its customers it will stand by its commitment to cut production before OPEC meets with producers from outside the group to discuss reductions...



more from Paul

Biotech

The Medicines Company: Insider Buying

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

I'm seeing huge insider buying in the biotech company The Medicines Company (MDCO). The price has already moved up around 7%, but these buys are significant, in the millions of dollars range. ~ Ilene

 

 

 

Insider transaction table and buying vs. selling graphic above from insidercow.com.

Chart below from Yahoo.com

...

more from Biotech

Members' Corner

How To Poop At A Party?

Courtesy of Nattering Naybob.

Once again, it's "Toilet Thursday" or "Thursday in the Loo", so we follow up on Second Hand Stink with How to Poop At A Party. 

This hilarious video demonstrates how to control the Shituation when needing to Poopulate at a gathering, in no uncertain terms. 

We hope this recurring bathroom humor theme "shits" well with our readers. So please do relax, drop the cursor below, click and enjoy.

...

more from Our Members

Chart School

Dow Jones Gann Angle Update

Courtesy of Read the Ticker.

When the Dow Jones moves the media must have an explanation for it. However the insiders have the nod to what is going on.

The media story so far is that since the TRUMP win, managers have been rotating their portfolios to represent TRUMP trends (lower taxes, go easy on the 'too big to fail' Wall Street banks, more jobs for Americans). Prior the election the stock market was set up for a HILLARY win, due to more of the same, status quo, FED support. But....

Using Richard Ney logic, the short answer is, stocks were always going up and the election results do not matter nor would a higher 10 yr bond or lackluster fundamentals. The real story is the marke...

more from Chart School

Promotions

Phil's Stock World's Las Vegas Conference!

 

Come join us for the Phil's Stock World's Conference in Las Vegas!

Date:  Sunday, Feb 12, 2017 and Monday Feb 13, 2017.            

Beginning Time:  8:00 am Sunday morning

Location: Caesar's Palace in Las Vegas

Notes

Caesar's has tentatively offered us rooms for $189 on Saturday night and $129 for Sunday night. However, we have to sign the contract ASAP. We need at least 10 people to pay me via Paypal or we may lose the best rate for the rooms. (Once we are guaranteed ten attendees, I will put up instructions to call the hotel for individual rooms.)

The more people who sign up,...



more from Promotions

OpTrader

Swing trading portfolio - week of December 5th, 2016

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

Largest US Bitcoin Exchange Is "Extremely Concerned" With IRS Crackdown Targeting Its Users

Courtesy of ZeroHedge. View original post here.

Last Thursday we reported that in a startling development seeking to breach the privacy veil of users of America's largest bitcoin exchange, the IRS filed court papers seeking a judicial order to serve a so-called “John Doe” summons on the San Francisco-based Bitcoin platform Coinbase.

The government’s request is part of a bitcoin tax-evasion probe, and se...



more from Bitcoin

Mapping The Market

The Most Overlooked Trait of Investing Success

Via Jean-Luc

Good article on investing success:

The Most Overlooked Trait of Investing Success

By Morgan Housel

There is a reason no Berkshire Hathaway investor chides Buffett when the company has a bad quarter. It’s because Buffett has so thoroughly convinced his investors that it’s pointless to try to navigate around 90-day intervals. He’s done that by writing incredibly lucid letters to investors for the last 50 years, communicating in easy-to-understand language at annual meetings, and speaking on TV in ways that someone with no investing experience can grasp.

Yes, Buffett runs an amazing investment company. But he also runs an amazing investor company. One of the most underappreciated part of his s...



more from M.T.M.

All About Trends

Mid-Day Update

Reminder: Harlan 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



FeedTheBull - Top Stock market and Finance Sites



About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>