Archive for the ‘Benzinga’ Category

Technical Alert: At&T Blasted For Possible Takeover Of Time Warner

Courtesy of Benzinga.

  • $38.67 – Intraday high as of 1:58 PM
  • $38.85 – Thursday close
  • $37.60 – Current price as of 1:58 PM
  • $36.96 – Intraday low as of 1:58 PM
  • $36.95 – February 29 low
  • $36.63 – February 24 low
  • $36.51 – February 23 low

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Posted-In: Technicals Intraday Update Movers Trading Ideas

Cerecor Shares Moving In Sympathy To Positive Alkermes’ Trial News

Courtesy of Benzinga.

Cerecor Shares Moving In Sympathy To Positive Alkermes' Trial News

Alkermes Plc (NASDAQ: ALKS) announced Thursday after the market close positive top-line results from FORWARD-5, the third Phase 3 efficacy study for ALKS 5461, its investigational medicine for the adjunctive treatment of major depressive disorder, or MDD, in patients showing inadequate response to standard anti-depressant therapies.

The stock reacted with over a 40 percent upside in Thursday’s after-hours session and in the regular trading session on Friday, it was up about 30 percent.

Alkermes is moving on the trial results. So why is Cerecor Inc (NASDAQ: CERC) on a tear as well? In trading parlance, it is called a sympathy move, which means a stock moving in sync with another by virtue of it having a competing or similar product.

Cerecor is developing a rival product for treating MDD, CERC-301, which is one of its lead product candidate.

Cerecor’s CERC-301 was tested in a Phase 2 trial initiated in November 2013, and the tidings from the trials released in March 2015 were not positive, at least on the efficacy metric. However, the safety profile was encouraging. A higher dosage was tested in a pharmokinetics study and was found to be safe. Having decided to move ahead with the compound, the company is due to release top-line results in November 2016.

Related Link: Alkermes Rallies Off Positive Data For Depression Drug Trial

Meanwhile, Alkermes’ late-stage study of ALKS 5461 met its primary endpoint of significantly reduced symptoms of depression in patients with MDD compared to placebo. The company also noted that it was well tolerated.

Armed with the positive results and data collected to-date on the efficacy and safety of…
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Technical Alert: FireEye Inc. Higher Off Renewed Takeover Chatter

Courtesy of Benzinga.

  • $13.22 – October 14 high
  • $12.74 – Intraday high as of 1:51 PM
  • $12.73 – October 17 high
  • $12.56 – Current price as of 1:51 PM
  • $12.28 – Thursday close
  • $12.11 – Intraday low as of 1:51 PM

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Posted-In: Technicals Intraday Update Movers Trading Ideas

Advanced Micro Devices Has A Slate Of Exciting Products Coming In 2017

Courtesy of Benzinga.

Advanced Micro Devices Has A Slate Of Exciting Products Coming In 2017

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported better-than-anticipated Q3:16 results, driven by the strength of its gaming business, as well as the recent success of Polaris in the GPU market.

Northland Capital’s Tom Sepenzis reiterated an Outperform rating on the company, with a price target of $8.50.

Products Drive 2017 Performance

“While we expect a seasonal pause in December/March, AMD has a number of new, exiting products slated for early CY17, and we believe that it will continue to reward investors,” Sepenzis mentioned.

With the launch of Summit Ridge, slated for Q1:17, the analyst believes that the company would have an opportunity to once again deliver beat results, with the new product helping to offset a typically seasonally slow quarter.

Related Link: Advanced Micro Devices’ Q3 Earnings Preview: Mixed Voices From The Street

In addition, Sepenzis believes that the Computer & Graphics business was well positioned to witness robust growth in CY17, on both the CPU and GPU fronts, and that AR/VR products would prove to be significant drivers of growth.

Q3:16 Results

For Q3, Advanced Micro Devices reported its revenue at $1.3 billion, with non-GAAP EPS of $0.03, ahead of the estimates and the consensus. Gross margins were, however, in line with expectations at 31 percent

“The biggest changes during the quarter involved the balance sheet, with AMD raising $690 million in equity and $805 million in convertible debt which it has used to retire over $1 billion in combined debt and the ABL balance,” the analyst noted.

At last check, Advanced Micro Devices was down 4.89 percent at $6.62.

Full ratings data available on Benzinga Pro.

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Latest Ratings for AMD

Date Firm Action From To
Oct 2016 Oppenheimer Upgrades Underweight Perform
Oct 2016 Credit Suisse Upgrades Underperform Neutral
Sep 2016 Susquehanna Initiates Coverage on Neutral

View More Analyst Ratings for AMD

View the Latest Analyst Ratings

Posted-In: Analyst Color Earnings Long Ideas News Reiteration Analyst Ratings Movers Tech

Cliffside Research Releases Short Report On Supreme Industries: Glut Has Caught Up

Courtesy of Benzinga.

Supreme Industries, Inc. (NYSEMKT:STS) closed down over 23 percent on Friday after a Q3 earnings report that, in spite of a top and bottom line beat, disappointed investors with a 22 percent year-over-year backlog decline.

Also on Friday Cliffside Research initiated coverage of the stock with a Strong Sell rating and $11 price target, which implied a 38.5 percent downside from today’s opening price. Per the research firm, the marked tumble in backlog signals that the “party is over” both for the company and the market of light to medium-duty trucks it serves.

The report continued that earnings seem to have peaked for this cycle. For the ongoing quarter, the firm anticipates a year-over-year decline in earnings and revenue.

“Heavy insider selling in STS is a canary in the coalmine that should not be ignored,” the note said.

Initially, analysts at Cliffside believed Supreme Industries was a short on the back of its “valuation, heavy insider selling, and near peak margins & earnings in the midst of what amounts to the middle of a recession in the rest of the trucking industry.” And, even though the company had escaped said decline, it would catch up with it sooner or later.

Now, it seems like the glut has reached Supreme Industries. “Based on the new backlog data and management’s comments we now believe Q4 earnings will be down [year over year]. We also believe 2017 earnings will likely be flattish vs. 2016 and possibly down. STS was expensive before. Now it looks like valuation is off the charts,” the report concluded.

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.

Posted-In: Cliffside ResearchAnalyst Color News Short Ideas Price Target Initiation Analyst Ratings Trading Ideas

Verizon’s Wireless Segment Facing Pressure While Wireline Shows Promise

Courtesy of Benzinga.

Verizon's Wireless Segment Facing Pressure While Wireline Shows Promise

The third-quarter results of Verizon Communications Inc. (NYSE: VZ) were a mixed bag as the EPS beat was offset by disappointing wireless subscriber additions. However, Morgan Stanley maintains its Overweight rating, as it believes the company would benefit in a low rate environment.

The company reported adjusted EPS of $1.01, beating consensus estimate of $0.99. Consolidated revenues dropped 6.7 percent, near MS estimate of -6.8 percent year-over-year, but weaker than consensus expectations of -6.4 percent year-over-year.

Verizon added fewer-than-expected wireless subscribers as aggressive promotions of smaller rivals such as T-Mobile US Inc (NASDAQ: TMUS) and Sprint Corp (NYSE: S) have succeeded in winning subscribers from Verizon. In addition, the recent recall of the Samsung Note 7 and a backlog in orders for Apple Inc. (NASDAQ: AAPL)’s new iPhone 7 have also dented subscriber numbers.

Related Link: Large-Cap Wall Street Stalwarts Consider Consolidation

Verizon added a net 442,000 retail postpaid subscribers, including a -36,000 net loss in postpaid phones in what is usually a seasonally strong quarter. FactSet estimated additions of 766,300. On an LTM basis, postpaid phone net adds fell 48.7 percent this quarter.

“With T-Mobile and Sprint both reporting strong postpaid adds, it seems the Bells continue to donate share,” analyst Simon Flannery wrote in a note.

Flannery, who has a $60 price target, cut his postpaid net additions for the year to +2264k, including a 21k net loss in postpaid phones. However, the analyst raised his 2016 EPS estimate to $3.93.

Meanwhile, Verizon expects GDP level consolidated revenue growth in 2017.

“While Verizon had softer wireless results this quarter, we continue to see it as the better of the Bells which both continue to benefit from a low interest rate environment. With the current spread to Treasuries widening from and the P/E below the respective 5 year averages, we continue to reiterate our OW rating,” Flannery added.

At last check, Verizon was down 1.83 percent at $48.24.

Full ratings data available
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Comps Will Be In Focus As 3 Restaurant Stocks Prepare To Report Q3 Results

Courtesy of Benzinga.

Comps Will Be In Focus As 3 Restaurant Stocks Prepare To Report Q3 Results

Earnings season for the restaurant sector is off to a rough start.

BJ’s Restaurants, Inc. (NASDAQ: BJRI) reported its third-quarter results earlier this week in which the restaurant chain’s earnings per share and revenue fell short of what analysts were expecting.

Moreover, comparable restaurant sales fell 3.4 percent in the quarter, and the company’s poor outlook prompted several analyst research firms — including Wedbush, Barclays and Morgan Stanley — to offer research notes with a less than favorable opinion of the stock.

Black Box Intelligence Data

Black Box Intelligence, a research firm dedicated to providing restaurant industry metrics, reported earlier this month that the downturn for most of the restaurant industry continued throughout September.

Related Link: Are Restaurants In Trouble? Gadfly’s Shelly Banjo Thinks So

In fact, same-store sales remained negative for the fourth consecutive month, while restaurant chains had to deal with declining guest counts. Meanwhile, restaurant job growth notably dropped in the month after posting solid gains over the past few months.

As a whole, same-store sales growth for September was negative 1.1 percent, marking a decline of 0.5 percentage points from August.

In fact, the third quarter of 2016 saw a same-store sales decline of 1.0 and traffic fell 3.4 percent which marks the weakest quarter since the second quarter of 2010.

Notable Restaurants Yet To Report

Several notable restaurant chains have yet to report their quarterly results. Given the industry-wide trends and bearish sentiment plaguing restaurant chains, investors should proceed into the earnings report with caution.

Below are some of the yet-to-report names and their respective report dates:

  • Chipotle Mexican Grill,

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Credit Suisse Upgrades Kinder Morgan Ahead Of Expected Mid-2018 Dividend Step Up

Courtesy of Benzinga.

Credit Suisse Upgrades Kinder Morgan Ahead Of Expected Mid-2018 Dividend Step Up

Kinder Morgan Inc (NYSE: KMI) reported its Q3 results, with the EBITDA ahead of the consensus and the estimate.

Credit Suisse’s John Edwards upgraded the rating on the company from Neutral to Outperform, while raising the price target from $23 to $26.

Edwards mentioned that despite the EBITDA beat, management guided to 3 percent below the 2016 EBITDA budget and 4 percent below the DCF budget, consistent with the previous quarter.

Kinder Morgan also affirmed that it was delivering 0.2x better than budget, driven by the sale of 50 percent of its Southern Natural Gas (SNG) pipeline to Southern Co (NYSE: SO), which closed on September 1.

“Management cut another $100mm from growth cap ex, to $2.7B and the project backlog fell $500mm more to $13.0B. We forecast below 5.0x Debt/EBITDA by 2Q18,” the analyst stated.


Chairman Rich Kinder stated that management was working to ensure excess cash over dividends to be able to cover 50 percent of the normalized capex, when the balance sheet went below 5x leverage.

Edwards raised the dividend estimate to $0.25 per share, beginning in Q3, saying, “In our blended valuation approach, this removes the drag from the dividend component.”

According to the Credit Suisse report, “Management was bullish on the future, especially on natural gas infrastructure. However, mgmt. noted permitting has been getting more difficult though projects are still getting done.”

Latest Ratings for KMI

Date Firm Action From To
Oct 2016 Wolfe Research Upgrades Peer Perform Outperform
Oct 2016 Stifel Nicolaus Upgrades Hold Buy
Oct 2016 Credit Suisse Upgrades Neutral Outperform

View More Analyst Ratings for KMI

View the Latest Analyst Ratings

Posted-In: Credit Suisse John EdwardsAnalyst Color Long Ideas Upgrades Price Target Analyst Ratings Trading Ideas Best of Benzinga

Technical Alert: General Electric Flat Ahead Of Q3 Report

Courtesy of Benzinga.

  • $29.22 – Wednesday high
  • $29.20 – Intraday high as of 1:54 PM
  • $29.06 – Current price/Wednesday close
  • $28.96 – Intraday low as 1:54 PM
  • $28.90 – Tuesday low
  • $28.70 – Monday low (low of recent move)

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Posted-In: Technicals Intraday Update Movers Trading Ideas

Morgan Stanley Discusses Energy Market Regulatory Impacts Under Trump Or Clinton Presidency

Courtesy of Benzinga.

Morgan Stanley Discusses Energy Market Regulatory Impacts Under Trump Or Clinton Presidency

Even as the energy companies look to savor the recent recovery in oil prices after a protracted slump, the U.S. presidential election is seen as posing the next big threat. Morgan Stanley has quickly moved in to quell the anxiety.

In a research note released on Thursday, Morgan Stanley said the regulatory environment for the exploration & production sector and refiners is unlikely to change post the election. The base-case scenario of a split government projected by analyst Evan Calio, if materializes, would moderate any change, even as the two candidates offer differing prescriptions on energy.

Related Link: What To Expect From Stocks Under A Clinton Presidency

Clinton Presidency – A Spoilsport?

With Hillary Clinton’s thrust on clean/renewable energy, Morgan Stanley sees her presidency as directionally bearish for the U.S. E&P sector. Clinton has also defended President Obama’s Clean Power Bill and the roll back of tax breaks for hydrocarbon producers. Under Clinton, the sector stands to suffer from:

  • Competition from subsidized renewable energy, reducing natural gas and oil demand.
  • Higher compliance and service costs from environmental regulation.
  • Capex rendered expensive due to lower IDC tax deductions.
  • Higher short- and medium-term capital gain taxes impacting after-tax returns for investors and raising the industry’s cost of capital.

That said, going by its base-case scenario assumption of a split government, where the Democrats control the White House and the Republicans Congress, the firm believes any major policy changes would be knocked off by a Republican-controlled Congress.

Related Link: Did The Election Impact BJ’s Restaurants In Q3?

Trump’s Ascension To Mitigate Regulatory Risk

Morgan Stanley expects a Trump presidency to reduce regulatory overhang, given his clamor for an energy independent America and job growth by eliminating barriers for energy production. Trump is seen to secure IDC reductions, while exempting fracking from the Safe Drinking Water Act.

The firm also believes delays in interstate pipeline projects could be eased and federal land available for drilling…
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Zero Hedge

Walls, Going Viral

Courtesy of ZeroHedge. View original post here.

By Chris at

Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing.

Welcome to this week's edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all it's glorious insanity.


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Market News

New You Can Use From Phil's Stock World


Financial Markets and Economy

Trillion-Dollar Payout May Mean Peak Largesse for U.S. Investors (Bloomberg)

A total $600 billion in share repurchases and $400 billion in dividends will be doled out by S&P 500 Index members by the end of the year, the biggest combined payout in history, according to strategists at Barclays Plc. Gravy like that is getting tougher to sustain as corporate profits suffer a six-quarter slump and cash levels begin to dwindle.

Deutsche Bank Could Be The “Lehman Moment” Of 2016 (Value Walk)


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What Millennials Reject Is Mutant Capitalism

By The Foundation for Economic Education. Originally published at ValueWalk.

It’s not exactly news that capitalism has an image problem. Say the word “capitalist” and the image that comes to mind is of a rapacious, self-interested robber baron – less Steve Jobs or Warren Buffett, more Charles Montgomery Burns.

Among young people, the problem is even more severe. For the generation who came of age during the financial crisis, argues George Koopman of the Mercatus Centre in the Wall Street Journal:

“…capitalism isn’t about free enterprise, nor is it about the startups and innovation. When they hear the term, millennials think about Wall Street bailouts, corporate greed, political scandals and tax codes riddle...

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Phil's Favorites

Another Lehman Blunder Coming Up?

Courtesy of Mish.

Telegraph writer Ambrose Evans-Pritchard says the Fed risks repeating Lehman blunder as US recession storm gathers.

The key problem with Pritchard’s superficial analysis is the Lehman bankruptcy is about the only thing the Fed got right.

Liquidity is suddenly drying up. Early warning indicators from US ‘flow of funds’ data point to an incipent squeeze, the long-feared capitulation after five successive quarters of declining corporate profits.

Yet the Fed is methodically draining money through ‘reverse repos’ regardless. It has set the course for a rise in interest rates in December and seems to be on automatic pilot...

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Kimble Charting Solutions

Bio-Tech; In more trouble if this fails, says Joe Friday

Courtesy of Chris Kimble.

At one point in time, actually for years, Bio-Tech (IBB) was a market leader. From the 2009 lows to 2015, IBB out gained the S&P by more than 250%. Since the summer of 2015, Bio Tech has remained a leader, a “downside leader!” IBB has lagged the S&P by over 35% in the past 15-months.

Is the downside leadership over for IBB? Below updates the pattern on IBB


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Chart School

SP500 Status Pre US 2016 Elections

Courtesy of Read the Ticker.

Where have we been, what does the future look like?

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NOTE: does allow users to load objects and text on charts, however some annotations are by a free third party image tool named

Investing Quote...

..."There is what I call the behaviour of a stock, actions that enable you to judge whether or not it is going to proceed in accordance with the precedents that your observation has noted. If a stock doesn’t act right don’t touch it, because, be...

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Members' Corner

The Orlando Massacre Part 3

Courtesy of Nattering Naybob.

A continuation of a Naybob of IT's Natterings from Part 1 and Part 2...

While many Christian churches expressed grief and offered free funeral services for the victims of the Orlando shooting, the fundamentalist Westboro Baptist Church held an anti-gay protest during the funeral of the victims.

But the Westboro Baptist Church's protest rally was blocked by about 200 people who formed a human barricade on the main street in downtown Orlando, ...

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Swing trading portfolio - week of October 17th, 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 ...

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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...

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Digital Currencies

Gold, Silver and Blockchain - Fintech Solutions To Negative Rates, Bail-ins, Currency Debasement and Cashless

Courtesy of ZeroHedge. View original post here.

By Jan Skoyles

I was so pleased yesterday by the announcement that I have joined the Research team at GoldCore as it meant that I could finally start talking about it and was back in a role that lets me indulge in my passion by researching and geeking out on all things gold, silver and money.


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Epizyme - A Waiting Game

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

Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer.  One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."

Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.  

Genetic components are the DNA sequences that are 'inherited.'  Some of these genes are stronger than others in their expression (e.g., eye color).  Yet, some genes turn on or off due to external factors (environmental), and it is und...

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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...

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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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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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