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Deja Vu? TV Reporter Repeats His Tweet: USANA Falls 2%

Courtesy of Benzinga.

Related USNA
USANA Down 5% After Short Seller, Greenberg Separately Offer Negative News
Herbalife Expands Product Line – Analyst Blog

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USANA Health Sciences< (NYSE: USNA) fell more than two percent Monday day after CNBC reporter Herb Greenberg once again suggested in a tweet the company faces unwanted scrutiny in China.

Greenberg’s tweet was almost identical to one he posted two weeks ago, when said the company is the topic of an “investigation” by a Chinese business publication. USANA shares fell five percent.

On Monday, shares of the Utah-based multi-level marketer were down $1.91 to $70.24.

Greenberg’s latest tweet on the company Monday said it’s is now the the topic of a follow-up article. As previously, Greenberg provided a link to a Chinese-language Web site which he did not purport to translate.

The earlier tweet almost immediately followed a report posted by short-seller Andrew Left saying that “this week multiple media outlets in China have exposed the multi-level marketing schemes operated by USANA.”

Left’s CitronResearch site was silent on USANA Monday.

Both Left and Greenberg have previously offered negative reports on USANA. The multi-level marketing company that provides nutritional supplements has also been the target of short sellers in the past.

Short interest currently accounts for about 1.55 million of USANA’s 13.9 million shares outstanding. That’s down from 1.6 million shares June 30.

Multi-level marketing has recently proven controversial.

Last week, short-seller Bill Ackman promised to deliver a “death blow” to the similar Herbalife Ltd. (NYSE: HLF) in a conference speech.

In a widely published letter last month, Bill Keep, business dean of the College of New Jersey, asked the Securities and Exchange Commission to undertake an ongoing review of multilevel marketing. Keep’s letter refered broadly to the industry and specifically to Herbalife.

USANA traded down 2.4 percent Monday’s morning session to $70.24 a share; Herbalife, slated to report earnings later Monday, was down 0.5 percent to $66.41.

Posted-In: Herb GreenbergNews Rumors

Tyson Foods Sells Part Of Its Chicken Business; Dollar Tree Buys Family Dollar

Courtesy of Benzinga.

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Entering the final 60 minutes of trading on Monday, the Dow traded down 0.09 percent to 16,975.79 while the NASDAQ lost 0.04 percent to 4,447.64. The S&P rose slightly by 0.05 percent to 1,978.88.

Leading and Lagging Sectors

Utilities shares surged 0.90 percent in trading on Monday. Meanwhile, top gainers in the sector included Korea Electric Power (NYSE: KEP), up 6.83 percent, and Calpine (NYSE: CPN), up 2.95 percent.

In trading on Monday, non-cyclical consumer goods & services shares were relative laggards, down on the day by about 0.65 percent. Top decliners in the sector included Cal-Maine Foods (NASDAQ: CALM), down 4.65 percent, and Omega Protein (NYSE: OME), off 5.74 percent.

Top Headline

Dollar Tree (NASDAQ: DLTR) announced its plans to buy Family Dollar (NYSE: FDO) for around $8.5 billion in a cash-and-stock deal.

The transaction value of $74.50 per share represents around 23% premium to Family Dollar's closing price of $60.66 on Friday.

Equities Trading UP

Trulia (NYSE: TRLA) shares shot up 16.77 percent to $65.77 after Zillow (NASDAQ: Z) announced its plans to buy Trulia for $3.5 billion in stock.

Shares of Family Dollar Stores (NYSE: FDO) got a boost, shooting up 24.38 percent to $75.45 after Dollar Tree (NASDAQ: DLTR) announced its plans to buy Family Dollar for $8.5 billion.

Tyson Foods (NYSE: TSN) shares were also up, gaining 2.39 percent to $40.49 after the company reported upbeat third-quarter revenue and announced its plans to sell its Mexican and Brazilian chicken businesses for $575 million. The company reported weaker-than-expected quarterly net income and announced an offering of 24 million Class A…
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Macquarie Infrastructure To Pay $1.25 Billion For Remaining Stake In Tank Terminal Company

Courtesy of Benzinga.

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Macquarie Infrastructure (NYSE: MIC) agreed Monday to acquire the 50 percent of International-Matex Tank Terminals it doesn't currently own for $910 million in cash and $115 million in newly issued stock.

The cash portion of the deal will be paid using proceeds of convertible senior notes to be issued, as well as cash on hand. Macquarie will obtain a $250 million revolving credit facility at the MIC to provide additional liquidity and flexibility.

Macquarie also boosted its quarterly dividend by 1.3 percent to $0.95 per share, payable August 14 to holders of record August 11.

In light of the deal, which is to close later this month, Macquarie now expects 2014 free cash flow excluding transaction expenses of $4.55 per share, or 11.2 percent higher than in 2013. For 2015, it forecast free cash flow of $5.10 per share, resulting in a 12.1 percent annual growth rate.

Between 80 percent and 85 percent of free cash flow will be targeted as payout to investors as a quarterly cash dividend.

Macquaries's Chief Executive James Hooke will initially act as the CEO of the terminal business in addition to his role at Macquarie. International Matix's asset director, James May, was named its chief financial officer.

Macquarie acquired its current 50 percent stake in the tank terminal business in May 2006 and since then has seen International Matrix's annual earnings before interest taxes and depreciation and amortization grow to $279.6 million, from $67 million.

Macquarie Infrastructure closed Monday at $61.17, down 0.7 percent.

Posted-In: International-Matex Tank TerminalsNews Asset Sales M&A

Trulia Up 30%; Zillow Rumored Near Making $2 Billion Bid

Courtesy of Benzinga.

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Zillow to Buy Rival Trulia in $3.5B All-Stock Deal (Fox Business)

Trulia (NYSE: TRLA) shares jumped more than 30 percent Thursday on a rumor that it may be acquired by Zillow (NASDAQ: Z).

Zillow could pay $2 billion for Trulia's 36.92 shares outstanding, and an agreement may be unveiled next week, according to Bloomberg news service, which cited unnamed sources.

Zillow's market capitalization is about $5 billion,compared with Trulia's $1.5 billion.

Together the companies account for a reported 89 percent of all traffic to real estate sites.

Caledonia Investments is the largest single shareholder of both Zillow and Trulia. It has 8.5 million of Trulia's 36.92 million shares outstanding and 6.18 million of Zillow's 33.56 million shares outstanding.

Trulia traded recently at $54.06, up 32 percent; Zillow was up more than 15 percent at $146.56.

Posted-In: News Rumors M&A Hot Movers

Smith & Wesson Fined For Improper Practices By SEC

Courtesy of Benzinga.

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Smith & Wesson Fined $2M Over Foreign Bribery Charges (Fox Business)

The SEC has just released information pertaining to the charging of Smith & Wesson (NASDAQ: SWHC) for violating the Foreign Corrupt Practices Act (FCPA). The US regulator was able to get Smith & Wesson to agree to a $2M fine to settle the charges.

The SEC states:
"…employees and representatives of the U. S. -based parent company authorized and made improper payments to foreign officials while trying to win contracts to supply firearm products to military and law enforcement overseas."

According to the release, Smith & Wesson sough access to new markets overseas in 2007 and continued through 2010.  During that period the firearm manufacture's sale staff engaged in a pervasive effort to attract business.  The acts included offering, authorizing, or making illegal payments or providing gifts in Pakistan, Indonesia, and other foreign countries.  

Regarding the activity in Pakistan, the SEC states Smith & Wesson used a third-party in 2008 to help provide more than $11,000 worth of guns to Pakistan police officials as gifts then made additional cash payments.  The act sealed Smith & Wesson contract to sell 548 pistons to the Pakistan police for a profit of $107,852.

In 2009 Smith & Wesson won a contract in Indonesia under similar improper payments.  The same attempts were made in Turkey, Nepal, and Bangladesh though the attempts were unable to secure any contracts for Smith & Wesson.  

Smith & Wesson has agreed to pay "$107,852 in disgorgement, $21,040 in prejudgment interest, and a $1.906 million penalty".

Shares as traded up on the news, spiking roughly 1 percent to a high of $13.81 mid-way through Monday's trading session.

Posted-In: News Legal

UPDATE: MLV & Co. Upgrades Starwood Hotels & Resorts Worldwide

Courtesy of Benzinga.

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In a note released Thursday morning, the team at MLV upgraded shares of Starwood Hotels & Resorts Worldwide (NYSE: HOT) from Hold to Buy and raised the price target from $86 to $96.

The team wrote, "Our upgrade is based on our view that an improving economic landscape in the Eurozone will translate into increased asset sales and share repurchases, exceeding current muted expectations."

The team added that due to the relative underperformance of the stock, "now is the time to enter."

Highlights from the note:

  • Economists forecasting accelerated economic growth in Europe through 2014. Starwood has more European exposure than most peers.
  • Believe the majority of Starwood's properties which are potentially for sale are in Europe and Latin America, where the buyer pool is beginning to expand.
  • Expected asset sales raised by $100 million in 2014 and $400 million in 2015. Total combined expected asset sales for 2014 and 2015 ~$1.5 billion.
  • Expect over $1.5 billion of share repurchases over the next seven quarters.

Posted-In: MLVAnalyst Color News Upgrades Price Target Buybacks Analyst Ratings

New York Federal Reserve: Deutsche Bank Suffers ‘Systemic Breakdown,’ Restatements Possible

Courtesy of Benzinga.

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Deutsche Bank AG (NYSE: DB) is suffering from a "systemic breakdown" that "expose the firm to significant operational risk and misstated regulatory reports," according to a letter from the New York Federal Reserve reported Tuesday.

The bank's shares closed Tuesday at $34.80, down 2.93 percent.

The bank's publicly filed financial statements include, "material errors and poor data integrity" and restatements may be required," according to the December letter, as reported by The Wall Street Journal.

In a statement to the newspaper, the bank said it "has been working diligently" to strengthen its systems and controls. The bank said it is spending $1.7 billion globally and appointing 1,300 people, including about 500 compliance, risk and technology employees in the United States.

The New York Fed's criticisms pertained only to the German bank's U.S. operations.

The New York Fed voiced similar concerns to the bank in 2002, 2007 and 2012, according to the report.

Posted-In: News Wall Street Journal Legal Media

Report Amazon to Launch Credit Card Reader

Courtesy of Benzinga.

Amazon (NASDAQ: AMZN) could be launching its own mobile credit card reader, to compete against those from Square and Ebay’s (NASDAQ: EBAY) PayPal, according to a report from 9to5Mac. The Amazon Card Reader reportedly will sell for $9.99 and will be available at Staples (NASDAQ: SPLS), according to internal documents.

View article…

Posted-In: 9TO5MacNews Rumors Tech

Cummins Q2 Conference Call Highlights

Courtesy of Benzinga.

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Cummins (NYSE: CMI) reported its second quarter earnings on Monday. Shares of the company are down 3.5 percent.

Below are some key highlights and takeaways from its conference call:

• Revenues for the second quarter were $4.8 billion, an increase of 7 percent compared to the second quarter of 2013.
• As a result, our full-year guidance for the engine business is unchanged, with revenues expected to grow between 6 percent and 8 percent and EBIT to be in the range of 10.5 percent to 11.5 percent of sales.
• Revenues in the power generation business declined by 9 percent.
• EBIT of 8.2 percent declined from 9.3 percent a year ago due primarily to lower volumes.
• Revenues in the distribution segment increased 30 percent in the second quarter, due primarily to acquisitions in North America.
• We expect to deliver incremental revenues of $500 million from acquisition this year for the company, up $100 million from our last forecast.
• And we expect the acquisitions to increase the company's earnings per share by approximately $0.30, higher than our previous forecast of between $0.20 and $0.25.
• Our revenues in North America grew 14 percent in the second quarter due to strong demand in on-highway markets.
• Shipments to the North American heavy-duty truck market exceeded 23,000 units in the second quarter, an increase of 11 percent from 2013 level.
• Our market share has improved to 73 percent for the first half of 2014.

Posted-In: Earnings News Guidance

Occidental Drops; Rumored $8 Billion Deal Falls Through

Courtesy of Benzinga.

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Occidental Petroleum (NYSE: OXY) fell sharply in afternoon trading on a report that the company had failed to raise $8 billion through the sales of a 40 percent stake in its Middle Eastern operations.

Bloomberg news service said a group of prospective buyers that included the governments of Oman, Abu Dhabi and Qatar have walked away from talks.

Occidental previously disclosed plans to sell more of its North American properties and as much as 40 percent of Occidental’s operations in the Middle East and North Africa.

Occidental “continues to make progress” on the sale of part if its interests in the region, the company told Bloomberg in a statement.

A break-up plan first discussed last year resulted in the spin-off of its California operations in February.

Bloomberg said it now plans to sell some Middle Eastern assets piecemeal, with smaller proceeds than originally envisioned.

In initially discussing the break-up more than a year ago, Chief Executive Steve Chazen reportedly told analysts “I do not want to go down the path of a sort of delicatessen approach to this where you slice a piece of baloney off and throw it to the wolves.”

Posted-In: Steve ChazenNews Rumors Asset Sales


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!


Phil's Favorites

Excuse Me For Living

Excuse Me For Living Courtesy of James H. Kunstler

Israel has all the proof it needs that world opinion will never consider its right to exist important. The Obama White House, and a lot of the US News Media, portray the Hamas-Israel conflict as something like an amateur soccer match, with the uneven score (40-odd Israeli soldiers killed versus 1000-plus Palestinians, mostly civilians) showing that the contest is unfair, that Israel has “gone too far,” that they have entered the same moral zone as Hitler, Stalin, and Pol Pot, carrying out a “genocide.”

Of course, this is a real hot war, not a diversity training exercise, or a self-esteem course, or any sort of the kinderga...

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Insider Scoop

Report: IBM Rejects Offer For Chip Operations

Courtesy of Benzinga.

Related IBM Blackberry Attempts To Rebound From IBM/Apple Deal The 10 Most-Respected Corporate Brands Can the iRally Endure? (Fox Business)

International Business Machines (NYSE: IBM) rejected an offer for part of its semiconductor manufacturing operations, according to unnamed sources cited by ... more from Insider

Zero Hedge

Photos Emerge Of 10 "Active Militia Teams" Securing The US-Mexico Border

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

With 1000s of illegal immigrants crossing the US-Mexico border every day (perhaps even more now some of the border has been washed away), the government quietly dumping them in Tennessee (among other places), and current (recently constructed border protection infrastructure already breaking down), it appears the American people are taking matters into their own hands. Photos showing dozens of members of militia groups on the U.S.-Mexico border carrying semi-automatic rifles a...

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Chart School

Gasoline Price Update: Down Another Five Cents

Courtesy of Doug Short.

It's time again for my weekly gasoline update based on data from the Energy Information Administration (EIA). Rounded to the penny, Regular and Premium both dropped another five cents, the fourth week of price declines. Regular is up 35 cents and Premium 34 cents from their interim lows during the second week of last November.

According to, two states (Hawaii and Alaska) have Regular above $4.00 per gallon, down from three last week, and three states (California, Oregon, Washington) are averaging above $3.90, unchanged from last week. South Carolina has the cheapest Regular at $3.24.

How far are we from the interim high prices of 2011 and the all-time highs of 2008? Here's a visual answer.


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Option Review

Kellogg Call Options Active Ahead Of Earnings

Shares in packaged foods producer Kellogg Co. (Ticker: K) are in positive territory on Monday afternoon, trading up by roughly 0.20% at $65.48 as of 2:20 p.m. ET. Options volume on the stock is well above average levels today, with around 12,500 contracts traded on the name versus an average daily reading of around 1,700 contracts. Most of the volume is concentrated in September expiry calls, perhaps ahead of the company’s second-quarter earnings report set for release ahead of the opening bell on Thursday. Time and sales data suggests traders are snapping up calls at the Sep 67.5, 70.0 and 72.5 strikes. Volume is heaviest in the Sep 72.5 strike calls, with around 4,600 contracts traded against sizable open interest of approximately 11,800 contracts. It looks like traders paid an average premium of $0.37 per contrac...

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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


Sector Detector: Bold bulls dare meek bears to take another crack

Courtesy of Sabrient Systems and Gradient Analytics

Once again, stocks have shown some inkling of weakness. But every other time for almost three years running, the bears have failed to pile on and get a real correction in gear. Will this time be different? Bulls are almost daring them to try it, putting forth their best Dirty Harry impression: “Go ahead, make my day.” Despite weak or neutral charts and moderately bullish (at best) sector rankings, the trend is definitely on the side of the bulls, not to mention the bears’ neurotic skittishness about emerging into the sunlight.

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, incl...

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Swing trading portfolio - week of July 28th, 2014

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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Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW in the comments below each post. 

Our weekly newsletter Stock World Weekly is ready for your enjoyment.

Read about the week ahead, trade ideas from Phil, and more. Please click here and sign in with your PSW user name and password. Or take a free trial.

We appreciate your feedback--please let us know what you think in the comment section below.  


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Digital Currencies

BitLicense Part 1 - Can Poorly Thought Out Regulation Drive the US Economy Back into the Dark Ages?

Courtesy of Reggie Middleton.

An Op-Ed piece penned by Veritaseum Chief Contracts Officer, Matt Bogosian

This past weekend (despite American Airlines' best efforts), Reggie and I made it to the Second Annual North American Bitcoin Conference in Chicago. While there were some very creative (and very ambitious) ideas on how to try to realize the disruptive Bitcoin protocol, one of the predominant topics of discussion was New York Superintendent of Financial Services Benjamin Lawsky's proposed Bitcoin regulations (the BitLicense proposal) - percieved by many participants at the event as an apparent ...

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Market Shadows

Danger: Falling Prices

Danger: Falling Prices

By Dr. Paul Price of Market Shadows


We tried holding up stock prices but couldn’t get the job done. Market Shadows’ Virtual Value Portfolio dipped by 2% during the week but still holds on to a market-beating 8.45% gain YTD. There was no escaping the downdraft after a major Portuguese bank failed. Of all the triggers for a large selloff, I’d guess the Portuguese bank failure was pretty far down most people's list of "things to worry about." 

All three major indices gave up some ground with the Nasdaq composite taking the hardest hi...

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Biotechs & Bubbles

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

Well PSW Subscribers....I am still here, barely.  From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so a small amount.

First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices.  Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment.  Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer.  For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...

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See Live Demo Of This Google-Like Trade Algorithm

I just wanted to be sure you saw this.  There’s a ‘live’ training webinar this Thursday, March 27th at Noon or 9:00 pm ET.

If GOOGLE, the NSA, and Steve Jobs all got together in a room with the task of building a tremendously accurate trading algorithm… it wouldn’t just be any ordinary system… it’d be the greatest trading algorithm in the world.

Well, I hate to break it to you though… they never got around to building it, but my friends at Market Tamer did.

Follow this link to register for their training webinar where they’ll demonstrate the tested and proven Algorithm powered by the same technological principles that have made GOOGLE the #1 search engine on the planet!

And get this…had you done nothing b...

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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.

Market Shadows >>