Archive for the ‘Immediately available to public’ Category

Pharma: If You Can’t Build It, Buy It

By Advisor Perspectives. Originally published at ValueWalk.

The Actavis plc (NYSE:ACT) CEO, Brent Saunders, says his company is a pioneer in growth pharma. Basically, if you can’t build it, buy it.

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There’s a frenzied M&A bubble sweeping the pharma industry. This idea of “growth pharma” is a new age for pharma giants who can no longer get growth from developing blockbuster new drugs, rather, they are attempting to buy growth via M&A.

According to a report by KPMG, first half of 2015 has seen pharma deals worth $221 billion, up some 300% year-over-year. The buyouts, divestments, mergers, spinoffs, etc. have created a new industry structure barely recognizable from a few years ago.

Just have a look at the deals this year: Actavis completed the acquisition of Botox maker Allergan for $219 a share and a $85 premium from when the company was put in play by Valeant and Pershing Square.

Then, we had the new Actavis-Allergan buy bought Kythera Biopharmaceuticals for $2.1 billion just two weeks after the merger.

Teva Pharma bought up Allergan’s generic business $40.5 billion dollars recently. Allergan also decided to spend some $560 million on a deal for the biopharma company, Naurex.

Roche has bought a majority stake in Bill Gates funded Foundation Medicine for more than $1 Billion. There was also Abbvie’s acquisition of Pharmacyclics for $21.1 Billion and the Pfizer- Hospira $17 Billion buyout.

The big question becomes; are these deals a positive for the end user?

The industry is now divided into two segments. The riskier startups developing groundbreaking new drugs and the established pharma giants commercializing the drugs with their distribution machinery and then marketing the new drugs via large sales forces.

Once new drugs are on the verge of getting through the clinical phase trials, it’s starting to make sense for the big commercial pharma companies to acquire them to shorten time to commercialization.

So you have the argument that this consolidation helps turn the science in labs into good medicine quicker and more efficiently.

But don’t be fooled, it’s all about the benjamins, from buying growth to tax inversions to reduce taxes.

Now, we’re on the verge of a mega pharma deal, with certain companies being too big to be


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[From The Archives] The Singular Henry Singleton – 1979 Forbes Profile

By activiststocks. Originally published at ValueWalk.

“One of the three most profitable multibillion-dollar companies in the U.S., and a brilliant performer in a dull stock market, Teledyne, Inc. is a unique company. In no way more than in style and contrary thinking of the man who runs it.” — Forbes July 9, 1979.

Dr. Henry E. Singleton was one of the most efficient business operators, capital allocators and great minds of the last century. Over a few decades Singleton took a struggling military contractor and turned it into one of America’s largest conglomerates. During 1979, near the height of Singleton, and Teledyne’s success, Forbes Magazine ran a profile on Singleton’s business empire, detailing how he’d managed to achieve such a staggering performance over the years. This is a short summary of that profile.

The singular Henry Singleton

“His record speaks for itself. Until 1960 Teledyne did not even exist. Five years ago, when it was barely 14 years old, it ranked 202nd among major U.S. corporations listed in Forbes’ Profits 500. Year by year it has climbed the in the Forbes lists and last year stood [at] number 68, an upstart that had climbed over the heads of great American corporations like International Paper, Avon Products, Inc. (NYSE:AVP) Products, Texas Instruments, Ingersoll-Rand. When the 1979 listings come out next year, Teledyne is almost guaranteed to have moved up several more rungs on the profits ladder.” -- Forbes July 9, 1979.

Teledyne’s growth was nothing short of impressive. The company reported revenues of $1.2 billion for 1970. By 1974, revenues hit $1.7 billion. Two years later, revenues had jumped a further 12% to $1.9 billion and by 1979, revenues surged to over $2.6 billion. From 1969 through to 1978, Teledyne’s revenue jumped 89%, net profit more than triple and earnings per share, thanks to constant tender offers and buybacks, soared 1,226%.

Teledyne Inc Historical Summary Henry Singleton

Henry Singleton: Teledyne’s performance

Known as the ‘master of capital allocation’, Henry Singleton made as much use as possible of Mr. Market’s (Singleton’s view of the market was based on a similar view presented by the Godfather of value investing Benjamin Graham) unpredictable and manic depressive nature while he was running Teledyne. During the 1960s, Singleton used what he called ‘Chinese paper’, or Teledyne’s own, high-priced stock, in other words, to


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Dramatic Footage Of Saudi Tanks Invading Yemen

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

There are competing accounts as to exactly what happened at the Al Anad airbase in Yemen on Monday, where Saudi-backed forces loyal to President Abed Rabbo Mansour Hadi reportedly routed Houthi rebels, marking the latest in a series of setbacks for the Iran-backed group which forced Hadi to flee to Riyadh earlier this year, plunging Yemen into a bloody civil war. 

According to the Houthis, coalition forces were “crushed” and their vehicles destroyed, but a spokesman for the Popular Resistance said most of the base was in coalition hands. Here’s WSJ:

Forces fighting for a Saudi-led military coalition in Yemen have defeated the country’s Houthi rebels at a strategic southern air base, the Yemeni defense ministry said Tuesday.

The Houthis denied that the base had fallen. However, if it has been captured this would extend a recent turning of the tide in favor of the coalition in the four-month-old conflict.

The defense ministry said the operation at Al Anad, a large complex from which the U.S. had launched drone attacks against Al Qaeda in the Arabian Peninsula before the recent instability, was “a true representation of national will and noble sacrifices that are being made to liberate Yemen from the grip of overthrowing militias.”

A report Tuesday by the Houthi-run Saba news agency denied that Al Anad base had been taken, citing an unnamed military official. The Houthis had “crushed all [coalition] offensives” against the base and destroyed scores of military vehicles,  Houthi spokesman Nasruddin Amer said Monday evening.

If confirmed, the turn of fortunes in favor of the coalition at Al Anad build upon a string of recent gains in the south by the allies, which include Saudi Arabia, the U.A.E., Qatar, Bahrain, Egypt and a number of other Arab states.

Houthi rebels have been driven from Aden in recent weeks, setting the stage for coalition forces to make a further push northward into other Houthi-controlled areas.

Here’s footage of the actual battle courtesy of RT:

And here’s footage of Saudi tanks pushing north as the coalition offensive gathers steam: 

*  *  *

Importantly, Saudi and coalition boots are now officially on the ground in Yemen, under the guise of tank trainers. Here’s The Washington Post:

Saudi and


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Fund Manager Aberdeen Snaps Up Arden To Bolster Hedge Fund Unit

By Rupert Hargreaves. Originally published at ValueWalk.

Aberdeen Asset Management announced on Tuesday, August 4th that it was purchasing Arden Asset Management, a well-known U.S. hedge fund operator. The financial terms of the deal were not made public.

According to a statement from Aberdeen, the acquisition will diversify Aberdeen’s business lines and help beef up its hedge fund division’s assets to over $11 billion.

The statement also pointed out that the transaction must be approved by regulators from the UK’s FCA. Moreover, the deal must be approved by the Board of Trustees and shareholders of a number of mutual funds. The transaction is anticipated to be completed by the end of the fourth quarter of  2015.

Also of note, Aberdeen announced it intended to acquire FLAG Capital Management, a private equity and real asset solution firm, earlier this summer. Aberdeen’s alternatives unit, run by Andrew McCaffery, Global Head of Alternatives, will have a new AUM greater than $30 billion after both transactions are finalized.

Aberdeen

Statement from Arden CEO Averell Mortimer

Averell Mortimer, the CEO and Chairman of Arden, noted in the Tuesday statement: “We are thrilled to be joining Aberdeen, a leader in the global asset management industry. The deal creates a combined hedge fund platform with international reach overseen by an experienced team of investment and operational professionals.  Becoming part of Aberdeen will enable us to share ideas and best practice that will assist in continuing to build on our proven track record of developing customized hedge fund and liquid alternative solutions for clients worldwide.”

Comments from Aberdeen Chief Exec Martin Gilbert

Martin Gilbert, the Chief Executive of Aberdeen Asset Management, commented: “Institutional investors are looking to hedge fund solutions to offer risk/return profiles not available via mainstream strategies and traditional asset classes. The acquisition of Arden emphasizes further Aberdeen’s commitment to diversifying its overall business and to growing its alternatives platform. The deal significantly strengthens our hedge fund solutions capability and expands our global client base.  Arden’s liquid alternatives platform in the US is particularly attractive as it provides investors with exposure to a portfolio of hedge fund-like strategies but importantly offers daily liquidity.”

Benefits of Arden deal to Aberdeen

The statement provided by Aberdeen laid out three key benefits from the transaction:

  1. It significantly expands the firm’s alternatives platform and boosts


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Why Bond Funds Don’t Belong In Retirement Portfolios

By Clayton Browne. Originally published at ValueWalk.

Why Bond Funds Don’t Belong In Retirement Portfolios

August 4, 2015

by Wade Pfau

PDF | Page 2

Income annuities provide payments precisely matched to a client’s longevity while stocks provide opportunities for greater investment growth. The question remains whether clients should hold bond funds in their retirement income portfolio.

To answer that question, I will first look at the role income annuities play in a retirement plan and then see whether bond funds can fulfill that need equally well.

I will use the term income annuities to include single-premium immediate annuities (SPIAs) and other similar products, some of which provide inflation protection.

Managing retirement risks with income annuities

Income annuities can be viewed as a type of coupon-paying bond that provides income for an uncertain length of time and does not repay the principal value upon death. Much like a defined-benefit pension plan, income annuities provide value to their owners by pooling risks across a large base of participants. Longevity risk is one of the key risks that can be managed effectively by an income annuity. Investment and sequence risks are also alleviated through the more conservative investing approach for the underlying annuitized assets. Income annuities support longevity through risk pooling and mortality credits rather than through seeking outsized investment returns.

Longevity risk relates to not knowing how long a given individual will live. But while we do not know the longevity for a particular individual, actuaries can accurately estimate the longevity patterns for a large cohort of individuals. The “special sauce” of the income annuity is that it can provide payouts linked to the average longevity of the participants, because those who die early will subsidize the payments to those who live longer.

Meanwhile, sequence risk relates to the amplified impact that investment volatility has on a retirement-income plan sustaining withdrawals from a volatile investment portfolio. Even though we may expect stocks to outperform bonds, this amplified investment risk also forces a conservative individual to spend less at the outset of retirement in case their early retirement years are hit by a sequence of poor investment returns. As I discussed in an earlier column, many retirement plans are based on Monte Carlo simulations that produce a high probability of success, which implicitly assumes lower investment returns. An income annuity also avoids


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USA, Turkey and Israel Act As Air Force for ISIS

Courtesy of ZeroHedge. View original post here.

Submitted by George Washington.

NATO member Turkey was busted buying huge quantities of oil from ISIS (its main source of funding), and bombing ISIS’ main on-the-ground enemy – Kurdish soldiers – using its air force. Many also say that Turkey has long been directly supporting ISIS.

The Israeli air force has bombed near the Syrian capital of Damascus, and attacked agricultural facilities and warehouses (the Syrian government is the other main opponent of ISIS in Syria besides the Kurds). The Israeli military recently admitted supporting Syrian jihadis. And see this.

Mainstream U.S. writers such as Thomas Friedman have called for America to support ISIS.

Republican Senator Ted Cruz opposed U.S. military intervention in Syria, saying the U.S. military shouldn’t be “Al Qaeda’s air force.”  Similarly, former Democratic Congressman Dennis Kucinich  said that striking Syria would turn the United States military into “al-Qaeda’s air force.” (ISIS is just a re-branded name for Al Qaeda).

Indeed, NBC News, the Wall Street Journal, CNN and others report that the U.S. has already committed to provide air power to support Muslim jihadis in Syria if they feel threatened by Syrian government soldiers..

So Turkey, Israel and the U.S. are all now acting as ISIS’ air force in order to oust the Syrian government … again.

(We've always been at war with Eastasia.)





American Oligarchy: 400 Families Represent 50% Of Money Raised by 2016 Presidential Candidates So Far

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Ever since I started this website in 2012, one of my primary objectives was to convince readers that the American system of government is nothing like what we are told in school and via the oligarch-owned mainstream media. That the country has become so captured and corrupted by sociopathic oligarchs, that a neo-feudal modern serfdom was emerging where the opportunities to enjoy rising standards of living for the vast majority of people was rapidly becoming a pipe dream.

I think many readers appreciated my warnings, but it wasn’t until an academic study from Princeton and Northwestern came out and factually proved it, that it become undeniable to many people. Here’s a brief excerpt from that post titled, New Report from Princeton and Northwestern Proves It: The U.S. is an Oligarchy:

Despite the seemingly strong empirical support in previous studies for theories of majoritarian democracy, our analyses suggest that majorities of the American public actually have little influence over the policies our government adopts. Americans do enjoy many features central to democratic governance, such as regular elections, freedom of speech and association, and a widespread (if still contested) franchise. But we believe that if policymaking is dominated by powerful business organizations and a small number of affluent Americans, then America’s claims to being a democratic society are seriously threatened.

Ever since that study came out, I’ve noticed more and more people publicly admitting that the U.S. in nothing more than an oligarchy. Even former U.S. President Jimmy Carter said it last week.

Meanwhile, just today, I came across the latest shocking proof of how bought and paid for “our” political system really is. We find out from the New York Times, that only 400 families account for nearly half of all spending on the 2016 Presidential election so far. The Dark Ages almost look democratic by comparison.

From the NY Times:

Fewer than four hundred families are responsible for almost half the money raised in the 2016 presidential campaign, a concentration of political donors that is unprecedented in the modern era.

 

The vast majority of the $388 million backing presidential candidates this year is being channeled to groups that can accept unlimited contributions in support of candidates from almost any source. The speed with which such “super


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A Study Of Analyst-Run Mutual Funds: The Abilities And Roles Of Buy-Side Analysts

By VW Staff. Originally published at ValueWalk.

A Study Of Analyst-Run Mutual Funds: The Abilities And Roles Of Buy-Side Analysts

Gjergji Cici

College of William and Mary – Mason School of Business

Claire M. Rosenfeld

College of William and Mary – Finance

September 1, 2014

Abstract:

We assess the abilities and the role of buy-side analysts within mutual fund families by analyzing mutual funds managed by buy-side analysts from fourteen fund families. Buy-side analysts exhibit investment abilities by realizing positive style- and risk-adjusted returns. Analysts’ skills have a positive impact on the performance of funds from the same family. Although some managers benefit from closely following their buy-side analysts’ ideas, research generated by these analysts is generally being underutilized by affiliated managers. The underutilization is consistent with entrenched managers choosing to forgo some of the analysts’ ideas due to career considerations.

A Study Of Analyst-Run Mutual Funds: The Abilities And Roles Of Buy-Side Analysts – Introduction

Analysts employed by mutual fund families (i.e., buy-side analysts) play an important role in the fund management process. They provide investment recommendations and research support, which potentially have a direct impact on the portfolio decisions and performance of the mutual funds that they support. Assessing the abilities of buy-side analysts and their contribution to fund family performance is important because of the tremendous financial resources fund families invest in their research. If buy-side analysts are shown to not have abilities, then fund families and their investors are better served by eliminating their costly research programs. On the other hand, if buy-side analysts are shown to have abilities, then fund families and investors are better served by fund families leveraging these abilities to the fullest.

However, whether buy-side analysts have investment abilities remains an open question since the previous research that evaluates the abilities of buy-side analysts by studying the performance of investment recommendations of buy-side analysts provides mixed evidence. Specifically, of the three extant papers that follow this approach, each of which analyzes only one mutual fund family, Groysberg et al. (2013) find that recommendations of buy-side analysts have no investment abilities, while Frey and Herbst (2014) and Rebello and Wei (2014)) come to the opposite conclusion.

In this paper, we introduce a novel approach to assess the abilities and role that buy-side analysts play within their


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A Force For Change: Kyiv Gets New Police

By EurasiaNet. Originally published at ValueWalk.

A Force For Change: Kyiv Gets New Police by EurasiaNet

A EurasiaNet Partner Post from: RFE/RL

A new police force in Kyiv seems to be winning over the public in the Ukrainian capital, if social media is any barometer. Selfies with some of the 2,000 officers — many of them young and photogenic, and a fifth of them female — are all the rage on the Internet.

Better-trained and better-paid, the police force is also perhaps the most visible reform put in place by Ukraine’s government since it came to power in February 2014.

The new police force took to the streets of Kyiv after being formally sworn in on July 4, replacing the old traffic police corps and taking on additional duties. President Petro Poroshenko told the force, which will first patrol big towns and then be deployed across the country, that it was their task not only to uphold the law but “also to make people believe that reforms are inevitable.”

For many in Ukraine, like elsewhere in the former Soviet Union, the police have been more loathed than loved, seen more interested in harassing rather than protecting citizens, including the extortion of bribes. The pro-Western government may see police reform as a way to shake off the legacy of the Soviet-era at a time when it is fighting Russian-backed rebels in the east and smarting from Moscow’s takeover of the Crimea region.

Washington has given its backing to the police reform project, providing training and money. Overseeing the effort is Deputy Interior Minister Eka Zguladze, who was in charge of a much-praised police overhaul in her native Georgia under former President Mikheil Saaksahvili — another Georgian hired by Poroshenko to shake things up in Ukraine, as governor of the Odesa region.

The U.S. Department of Justice and the Bureau of International Narcotics and Law Enforcement Affairs provided training to 100 Ukrainian police instructors earlier this year. Those instructors then went on to teach the new police course in Kyiv for the first class of officers. Besides U.S. training, the new officers have received U.S.-style uniforms with the kind of high-crowned, black-brimmed caps worn by many police in American cities.

The United States, which says that reforms are a sure-fire way for Ukraine to ward off Russian influence, has contributed


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Whitney Tilson’s Second Quarter Equity Portfolio Unchanged

By VW Staff. Originally published at ValueWalk.

Whitney Tilson’s hedge fund reported no changes in its equity portfolio in the second quarter based on its 13F filing with the Securities and Exchange Commission (SEC).

The filing showed that the hedge fund’s equity portfolio has a market value of $55,465,000 as of June 30, 2015. The investment management firm has stockholding in 15 companies. Tilson had a rough Q2 as ValueWalk previously reported.

Whitney Tilson top five stockholdings

The top five stockholdings of T2 Partners in the second quarter include the Howard Hughes Corp (NYSE:HHC), Platform Specialty Products, Reading International, JetBlue Airways, and Air Products & Chemicals.

T2 Partners owns 50,425 shares of Howard Hughes, a developer and manager of commercial, residential and mixed-use real estate. The investment management firm’s stockholding in the company represents 13.05% of its equity portfolio, its largest stockholding.

Howard Hughes recently received a Strong Buy recommendation with a 12-month price target of $225 per share from analysts at Zacks Equity Research. The shares of the real-estate developer closed $135.99 per share on Monday.

Over the past 52 weeks, Howard Hughes’ stock traded between $114.39 and $160.62 per share. The company lost nearly 7% of stock value over the past year.

Whitney Tilson owns 271,140 shares of Platform Specialty Products, a diversified producer of high-technology specialty chemicals and provider of technical services worldwide. T2 Partners’ stake in the company accounts 11.62% of its equity portfolio, its second largest stockholding.

The stock price of Platform Specialty Products slightly declined to #23.24 per share on Monday. The company’s stock traded between $20.15 and $28.44 per share over the past 52-weeks. Its stock value was down almost 8% over the past year.

Last month, the company announced its intention to acquire Alent plc for $2.1 billion in cash and stock. Alent is a global supplier specialty chemicals and engineered materials used in automotive, electronics, and industrial applications.

T2 Partners owns 371,106 shares of Reading International, an owner, developer, and operator of entertainment and real property assets in Australia, New Zealand, and the United States.

Reading International is the third largest stockholding of the investment management firm, which represents 9.27% of its equity portfolio. In June, Reading International appointed Ellen. M. Cotter as interim president and CEO. She also serves as


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ValueWalk

Value Investing Podcast: Robert Hagstrom On The Art Of Value Investing

By VW Staff. Originally published at ValueWalk.

Robert Hagstrom currently serves as Chief Investment Strategist of Legg Mason Inc (NYSE:LM) Investment Counsel. Previously, Robert was Senior Vice President and Portfolio Manager of the Growth Equity Strategy at Legg Mason Capital Management. Prior to that, he served as President and Chief Investment Officer of Legg Mason Focus Capital, General Partner of Focus Capital Advisory, and Principal at Lloyd, Leith and Sawin. Robert acted as Portfolio Manager with First Fidelity Bank from 1989 to 1991. From 1984 to 1989, he was a Financial Advisor for Legg Mason Wood Walker, Inc. Robert earned a B.A. and M.A. from Villanova University. Robert received the CFA designation in 1992 and is a member of T...



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Zero Hedge

We, The Sheeple

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Presented with no comment...

Source: Investors.com

...

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Phil's Favorites

Chart o' the Day: The Only Bear Market Guide You'll Ever Need

 

Chart o’ the Day: The Only Bear Market Guide You’ll Ever Need

Courtesy of 

Here’s a great graphic from J.P. Morgan’s fantastic Q3 2015 Guide to Markets with all of the necessary details from the history of bear markets…

As always, you may click to embiggen!

 

...

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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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Kimble Charting Solutions

Apple breaking short-term support as Nasdaq at 2000 highs

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

The left chart looks at the Nasdaq Composite index over the past 20-years.

Currently the index is back at the same price as it was back at the Dot Com highs. With the trend being up (above support and moving averages) the NAS, is attempting a “continuation of trend breakout” at this time. Should the index achieve a breakout above the 2000 levels, it would be viewed as a bullish continuation event.

The right chart looks at Apple over the past 5-years. For the past 6-months, Apple has struggled to get above the $133 level. From a very short-term perspective a short-term support line could be giving way, of a bearish r...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Oils Drop Below $50 May Be Just the Start as Demand Swoons (Bloomberg)

Oil has fallen to a six-month low, and hopes of a quick rebound are fading as demand heads into an autumn swoon.

It is getting ugly in Canada (Business Insider)

“It’s an election about who will protect our economy in a period of ongoing global instability,” Stephen Harper, Prime Minister of Canada, announced on Sunday as he officially kicked off the campaign for the federal elections on October 19. He’d just asked Governor Gen...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

Please review a collection of WWW browsing results.



Date Found: Friday, 03 July 2015, 07:15:03 PM

Click for popup. Clear your browser cache if image is not showing.
Comment: Alasdair Macleod views on Greece and China. Excellent! youtu.be/62lucEzzZMk



Date Found: Tuesday, 07 July 2015, 02:39:22 PM

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Comment: POST GREECE 'NO' vote some bonds are being re priced for true risk. Massive ouch!



Date Found: Tuesday, 07 July 2015, 07:55:35 PM

Click for popup. Clear your browser cache ...



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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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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!




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About Phil:

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

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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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