Archive for the ‘Benzinga’ Category

Citi Raises TESARO Price Target 38%, Sees 16.3% Upside

Courtesy of Benzinga.

Citi Raises TESARO Price Target 38%, Sees 16.3% Upside

Citi now sees 16.3 percent upside in the shares of TESARO Inc (NASDAQ: TSRO) following its price target increase to $90 from $65, as it is “now more confident about Niraparib approval in ovarian cancer and reimbursement.”

The 16.3 percent upside is based on the stock’s June 29 closing price of $77.40 when the company announced that Niraparib significantly improved progression-free survival for patients with ovarian cancer in a late stage study.

“We now see adjusted peak PARP revenues at $800 million vs. $450 million previously as we conservatively increase duration, increase penetration among HRD+ve pts and assign higher probability to HRD +ve ovarian and breast cancer (only gBRCA) revenues,” analyst Robyn Karnauskas wrote in a note.

Related Link: TESARO Commences Public Offering Worth $300 Million

Karnauskas, who remains Buy rated on the stock, said clarity on duration of treatment at ESMO in October 2016 may provide incremental upside.

In addition, the analyst increased the probability of success among both HRD +ve secondline patients and gBRCA breast cancer patients to 100 percent from 50 percent.

For 2016, Citi maintained its loss estimate of $6.86 a share, while narrowing its 2017 loss forecast to $5 from $5.17 a share. The Street expects a loss of $7.09 a share for 2016 and loss of $4.98 a share for 2017.

TESARO closed Friday’s regular trading session down 3.56 percent on the day at $81.06.

Latest Ratings for TSRO

Date Firm Action From To
Jun 2016 Jefferies Downgrades Buy Hold
May 2016 Credit Suisse Initiates Coverage on Outperform
Apr 2016 FBR Capital Initiates Coverage on Outperform

View More Analyst Ratings for TSRO


View the Latest Analyst Ratings

Posted-In: Analyst Color Biotech Long Ideas News Health Care Price Target Reiteration Analyst Ratings





Broadridge Closes DST’s North American Customer Communications Business Acquisition

Courtesy of Benzinga.

Broadridge Closes DST's North American Customer Communications Business Acquisition

Broadridge Financial Solutions, Inc. (NYSE: BR) revealed that it closed its previously-announced acquisition of the North American Customer Communications business of DST Systems, Inc. (NYSE: DST) for $410 million in cash. The company said that it was subject to post-closing adjustments.

Broadridge said that the NACC business would be rechristened as Broadridge Customer Communications and merged into its investor communication solutions segment.

Related Link: DST Systems Divestiture Will Free Lots Of Cash: Here’s How They Might Spend It

The company added that the merged entity establishes North America’s premier customer communications technology platform for print and digital, further improving its position as a leading provider of multi-channel communications.

At Time Of Writing…

  • Broadridge was up 0.49 percent on the day, trading at $65.48.
  • DST was up 1.14 percent on the day, trading at $117.64.

Posted-In: News M&A Movers





Must Watch Stocks for July 1, 2016

Courtesy of Benzinga.

Must Watch Stocks for July 1, 2016

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

  • Hertz Global Holdings Inc (NYSE: HTZ) reported that it has received $2 billion proceeds from the separation of its equipment rental business. The company also announced a $395 million buyback plan. Hertz shares fell 0.18 percent to $11.05 in the after-hours trading session.
  • Micron Technology, Inc. (NASDAQ: MU) reported a narrower-than-expected loss for the third quarter, but the company missed analysts’ sales estimates. The company also projected a surprise adjusted loss for the fourth quarter. Micron also announced number of initiatives to reduce costs, including global workforce reduction. Micron shares tumbled 9.45 percent to $12.46 in the after-hours trading session.

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

  • Franklin Covey Co. (NYSE: FC) posted weaker-than-expected results for its third quarter on Thursday. Franklin Covey shares dropped 2.48 percent to $14.95 in the after-hours trading session.
  • Shares of Hershey Co (NYSE: HSY) surged more than 16 percent on Thursday after Mondelez International Inc (NASDAQ: MDLZ) presented a takeover bid to acquire Hershey for $107 per share in cash and stock, as well as other non-monetary considerations. However, Hershey’s board rejected the preliminary offer by Mondelez. Hershey shares fell 0.27 percent to $113.18 in after-hours trading, while Mondelez shares slipped 0.18 percent to $45.43 in the after-hours trading session.
  • Apple Inc. (NASDAQ: AAPL) is in talks to acquire Jay Z’s streaming-music service Tidal, the Wall Street Journal reported. Apple shares fell 0.22 percent to $95.39 in pre-market trading.

Posted-In: Stocks To WatchEarnings News Guidance M&A Pre-Market Outlook Trading Ideas





Thor Acquires Jayco For $576 Million

Courtesy of Benzinga.

Thor Acquires Jayco For $576 Million

Thor Industries, Inc. (NYSE: THO) disclosed the acquisition of Jayco, Corp. for about $576 million in cash. According to the company, the transaction offered a unique and significant opportunity to its growth and advances its strategic focus on growing its recreational vehicle (RV) business.

Thor Industries indicated the acquiring price of about $576 million in cash is subject to post-closing adjustments. The company added that the acquisition price was funded by its existing cash balances and approximately $360 million in borrowings from an asset-based revolving line of credit arranged through its lenders. The company indicated its plans to repay the loan through internally generated cash flow and expects that it would be repaid within three years from the closing.

The company also expects the acquisition to add one month of Jayco revenue in the fourth quarter of the current fiscal year. It also sees incurring different charges in connection with the acquisition during the fourth quarter.

Related Link: A Peek Into The Markets: U.S. Stock Futures Edge Lower Ahead Of Economic Data

Thor’s president and CEO, Bob Martin, said, “We are thrilled to welcome Jayco to the Thor portfolio of companies. Jayco is a company that I have admired for more than 20 years while working in the industry and living in the community very close to their operations. We value the longstanding success of Jayco and are committed to providing the Bontrager family, and their team of dedicated employees, the resources they need to continue the success they have built at Jayco over the past half century.”

He added, “This investment also illustrates our confidence in the future of the RV industry as younger consumers enter and expand the market over the coming decades. Both existing and new RVers will see the benefits of our subsidiaries’ efforts as they lead in innovation with new technology and features in our products that make RVs easier to use and better connected.”

At time of writing, Thor was up 3.88 percent in Friday’s pre-market session, trading at $67.25.

Posted-In: Bob Martin JaycoNews Travel M&A Movers Trading Ideas General





The Acquisition Of Starz Should Help Lions Gate Diversify

Courtesy of Benzinga.

The Acquisition Of Starz Should Help Lions Gate Diversify

Rumors of Lions Gate Entertainment Corp. (USA) (NYSE: LGF) making an offer for Starz (NASDAQ: STRZA) were first released to Benzinga on June 23. On Thursday, June 30, Lions Gate confirmed those rumors, announcing a plan to buy Starz for $4.4 billion.

B Riley’s Take

B Riley’s Eric Wold viewed the move to acquire Starz “as an additional positive step in the direction of diversification and visibility (especially given recurring revenue from the 56MM subscribers that STRZA has through its STARZ and STARZ ENCORE channels).”

Related Link: KeyBanc Does Not View Strategic Value Of Lions Gate/Starz Deal Favorably

Investor Pullback Unwarranted

Wold noted the 3.4-percent decline in Lions Gate indicated investor concerns around the projected 5.0–5.5x leveraged post-closed, but thought they were unwarranted. “We are confident in the combined entity’s ability to reduce that by 1.5x in the first 12-months given the improving underlying profitability of the standalone LGF coupled with the visible recurring revenue associated with Star’s subscribers,” said the analyst.

Finally, Wold thought the acquisition plan would diversify the company’s business model, pushing the Lions Gate toward more visible recurring revenue streams and lessen investor concerns “around the move towards skinny bundles.”

The analyst maintains his $30.00 price target and Buy rating on Lions Gate Entertainment, noting he wouldn’t change his estimates until the deal was finalized.

At the time of writing, Lions Gate traded at $19.49, down 3.66 percent Friday.

Latest Ratings for LGF

Date Firm Action From To
Apr 2016 RBC Capital Initiates Coverage on Sector Perform
Mar 2016 Pacific Crest Initiates Coverage on Overweight
Mar 2016 Stifel Nicolaus Downgrades Buy Hold

View More Analyst Ratings for LGF


View the Latest Analyst Ratings

Posted-In: Analyst Color Long Ideas News Price Target Reiteration M&A Analyst Ratings Trading Ideas Best of Benzinga





12 Biggest Mid-Day Gainers For Friday

Courtesy of Benzinga.

  • Stone Energy Corporation (NYSE: SGY) shares surged 16.7 percent to $14.07. Stone Energy shares have dropped 88.55 percent over the past 52 weeks, while the S&P 500 index has gained 1.45 percent in the same period.
  • Aldeyra Therapeutics Inc (NASDAQ: ALDX) shares jumped 12.7 percent to $6.41. Stifel Nicolaus initiated coverage of Aldeyra Therapeutics with a Buy rating.
  • AEterna Zentaris Inc. (USA) (NASDAQ: AEZS) shares climbed 12.3 percent to $3.66 as the company reported that it has signed an exclusive license agreement with Cyntec, an affiliate of Orient EuroPharma Co, for Zoptrex.
  • Kinross Gold Corporation (USA) (NYSE: KGC) gained 6.8 percent to $5.22. Macquarie upgraded Kinross Gold from Underperform to Neutral.
  • Thor Industries, Inc. (NYSE: THO) shares gained 6.6 percent to $69.04 after the company disclosed the acquisition of Jayco, Corp. for about $576 million in cash.
  • Mesoblast limited (ADR) (NASDAQ: MESO) shares rose 5.6 percent to $4.21 after the company issued an update on heart failure trial and funding of clinical operations. Mesoblast projects to do interim analysis for Phase 3 endpoints in Q1 2017
  • Netflix, Inc. (NASDAQ: NFLX) gained 5.5 percent to $96.45. Canaccord Genuity initiated coverage on Netflix with a Buy rating and a $120.00 price target.
  • Harmony Gold Mining Co. (ADR) (NYSE: HMY) rose 5.3 percent to $3.80. Macquarie upgraded Harmony Gold Mining from Underperform to Neutral.
  • Pan American Silver Corp. (USA) (NASDAQ: PAAS) shares gained 4.4 percent to $17.17. Silver futures gained 4.6 percent to trade at $19.49 an ounce.
  • Randgold Resources Ltd. (ADR) (NASDAQ: GOLD) gained 4.3 percent to $116.78. Macquarie upgraded Randgold from Neutral to Outperform. Gold futures gained 1.4 percent to $1,338.90 an ounce.
  • Galectin Therapeutics Inc (NASDAQ: GALT) shares rose 3.4 percent to $1.52. Roth Capital assumed Galectin Therapeutics with a Buy rating.
  • Array Biopharma Inc (NASDAQ: ARRY) shares rose 3.1 percent to $3.67 after the company reported the submission of NDA for binimetinib to the FDA.

Posted-In: Mid-Day GainersNews Intraday Update Markets Movers





Mid-Day Market Update: Franklin Covey Slides Following Weak Results; Aeterna Zentaris Shares Surge

Courtesy of Benzinga.

Midway through trading Friday, the Dow traded up 0.26 percent to 17,976.17 while the NASDAQ gained 0.59 percent to 4,871.22. The S&P also rose, gaining 0.30 percent to 2,105.16.

Leading and Lagging Sectors

On Friday, basic materials shares surged by 0.81 percent. Top gainers in the sector included LSB Industries, Inc. (NYSE: LXU) and Teck Resources Ltd (USA) (NYSE: TCK).

In trading on Friday, utilities shares fell by 0.6 percent. Meanwhile, top losers in the sector included York Water Co (NASDAQ: YORW), down 2.5 percent, and SJW Corp. (NYSE: SJW), down 2.5 percent.

Top Headline

On Thursday, Micron Technology, Inc. (NASDAQ: MU) reported a narrower-than-expected loss for the third quarter, but the company missed analysts’ sales estimates. The company also projected a surprise adjusted loss for the fourth quarter. Micron also announced number of initiatives to reduce costs, including global workforce reduction.

Equities Trading UP

AEterna Zentaris Inc. (USA) (NASDAQ: AEZS) shares shot up 13 percent to $3.69 as the company reported that it has signed an exclusive license agreement with Cyntec, an affiliate of Orient EuroPharma Co, for Zoptrex.

Shares of Mesoblast limited (ADR) (NASDAQ: MESO) got a boost, shooting up 6 percent to $4.21 after the company issued an update on heart failure trial and funding of clinical operations. Mesoblast projects to do interim analysis for Phase 3 endpoints in Q1 2017

Thor Industries, Inc. (NYSE: THO) shares were also up, gaining 7 percent to $69.02 after the company disclosed the acquisition of Jayco, Corp.…
continue reading





Goldman Sachs Reviews Micron’s Earnings Following Weak Guidance

Courtesy of Benzinga.

Goldman Sachs Reviews Micron's Earnings Following Weak Guidance

Micron Technology, Inc. (NASDAQ: MU) reported its 3QFY16 results with the revenue below the estimate and the consensus.

Goldman Sachs’ Mark Delaney maintains a Neutral rating on the company, while lowering the price target from $13 to $12.

Results And Guidance

DRAM sales grew 9 percent quarter-on-quarter in 3Q, while NAND sales declined 15 percent quarter-on-quarter.

The EPS of -$0.08 was well below the estimate and marginally below consensus.

Related Link: Barclays Doesn’t Expect Micron To Return To Profitability Until 2H 2017; Stock Drops >8%

The company guided to 4Q sales of $2.9–$3.2 billion, below the estimate and consensus, with the EPS guidance of -$0.16 to -$0.24 also falling short of expectations.

“We attribute guidance downside vs. consensus to lower DRAM ASPs, lower NAND cost downs, lower NAND bits and interest expense,” Delaney mentioned.

7th Guidance Miss

Delaney pointed out that this was the seventh consecutive time that Micron Technology has issued its guidance below the consensus.

“While we do still expect positive 1QFY17 EPS as we believe NAND and parts of the DRAM market are seeing improved S/D, we believe meaningful profitability will require better execution from Micron,” the analyst stated.

The analyst expects the company to see weak EPS in 2017, as well as cash burn for the next two quarters.

The EPS estimates for FY16, FY17 and FY18 have been lowered to reflect sales and margin expectations.

At time of writing, Micron was down 8.76 percent on the day at $12.56.

Latest Ratings for MU

Date Firm Action From To
Jun 2016 Nomura Upgrades Reduce Buy
Jun 2016 Susquehanna Upgrades Neutral Positive
Jun 2016 Goldman Sachs Maintains Neutral

View More Analyst Ratings for MU


View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Long Ideas News Price Target Analyst Ratings Movers Trading Ideas





Bloomberg: Hershey Offers Mondelez A Much Needed Exposure To The U.S. Market

Courtesy of Benzinga.

Bloomberg: Hershey Offers Mondelez A Much Needed Exposure To The U.S. Market

Mondelez International Inc (NASDAQ: MDLZ)’s bid to acquire Hershey Co (NYSE: HSY) ended in a failure, prompting some to suggest that the offer wasn’t even a serious one in the first place.

Bloomberg’s Craig Giammona has a somewhat different take and explained why Mondelez would be interested in acquiring Hershey.

Speaking to Bloomberg TV on Thursday, Giammona said an acquisition “makes sense” based on the geography involved. He noted Mondelez was split from Kraft in 2012 to “attack” emerging markets and the strategy “hasn’t really panned out as thought.”

Nevertheless, approximately 70 percent of the company’s revenue is derived outside of the United States.

Related Link: 4 Potential Reasons Mondelez Bid For Hershey

Giammona continued that Mondelez is now forced to look at the U.S. domestic market to spur its growth. On the other hand, approximately 90 percent of Hershey’s revenue comes from selling chocolate products in the United States.

Specifically, Hershey’s Kit Kat chocolate is one of the top five best-selling candy in the United States and sold around 700 million units last year. This is a “really big piece of business” that Mondelez would have its eyes on.

Giammona acknowledged Hershey’s business has been “vulnerable” to a takeover, but the complex ownership structure is a major hurdle. As such, the deal is likely “dead for now,” but maybe Mondelez “will keep poking around.”

Latest Ratings for HSY

Date Firm Action From To
Apr 2016 Bank of America Downgrades Buy Underperform
Mar 2016 Tigress Financial Upgrades Neutral Buy
Feb 2016 UBS Initiates Coverage on Neutral

View More Analyst Ratings for HSY


View the Latest Analyst Ratings

Posted-In: Bloomberg Craig Giammona HersheyAnalyst Color Long Ideas M&A Analyst Ratings Trading Ideas Best of Benzinga





Credit Suisse Says Buy Gold, Sell Copper: Downgrades Southern Cooper To Sell

Courtesy of Benzinga.

Credit Suisse Says Buy Gold, Sell Copper: Downgrades Southern Cooper To Sell

Credit Suisse’s Ivano Westin expects gold prices to rise in the near to medium term, as the market turns to “safe mode,” although the outlook for copper is likely to be much more challenging.

Westin downgraded the rating on Southern Copper Corp (NYSE: SCCO) from Neutral to Underperform, while lowering the price target from $28 to $20.

The gold price estimate has been raised to $175/oz by 2019, with annual prices of $1,450/oz in 2017, $1,375/oz in 2018 and $1,350/oz in 2019.

Challenging Time For Copper

On the other hand, copper prices are expected to decline over the next one or two years, driven by a market surplus of up to 400 ktpa during 2016–2019.

“By next year, we expect the price to slip below $2/lb and reach a trough of $1.80/lb by 2018. In 2019 we forecast prices of $1.93/lb,” Westin stated.

These lower prices are expected to impact Southern Copper’s stock valuation, the analyst said, while reaffirming a positive view of the robust fundamentals of the stocks’ investment case.

Related Link: Goldman Sachs: Barrick Gold Has 32% Upside

Healthy Fundamentals

Westin pointed out that Southern Copper had an “outstanding” track record of production expansion, along with experienced management, the largest reserves in the world, long-term asset “at the low end of the cost curve” and a robust balance with low leverage.

Westin expects strong copper production CAGR of 5 percent during 2016-2021, with the Buenavista expansion expected to be completed by 2017 and Tia Maria ramped up by 2021.

Latest Ratings for SCCO

Date Firm Action From To
Jul 2016 Credit Suisse Downgrades Neutral Underperform
Jun 2016 Goldman Sachs Initiates Coverage on Neutral
Mar 2016 BMO Capital Downgrades Outperform Market Perform

View More Analyst Ratings for SCCO


View the Latest Analyst Ratings

Posted-In: Analyst Color Long Ideas Short Ideas Downgrades Price Target Commodities Markets Analyst Ratings Best of Benzinga





 
 
 

Zero Hedge

Answer This!

Courtesy of ZeroHedge. View original post here.

By Chris at www.CapitalistExploits.at

I've been inundated with questions from many of you following the recent events. Brexit, that is, not Justin Timbertrouser's latest antics. While I can't publish all of them, I've selected what I think are some of the most important ones.

A lot of questions were related to positioning during and post Brexit. I hate to mention it as I may choose to trade out of whatever I mention at any given moment so please bare that in mind.

  • Sold a bit of GLD on Thursday and will look to buy back after the shock/euphoria subsides.
  • Long GBP/EUR and USD/EUR.
  • N...


more from Tyler

Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

The amount of cash corporate America is dishing to investors sends a scary signal about the stock market's future (Business Insider)

The amount of money America's biggest companies are paying out to investors is at a record high.

Everyones a Winner in Brexit Aftermath as Doves Rescue Market (Bloomberg)

One week after Brexit, the lesson ...



more from Paul

Phil's Favorites

An Outside Year?

Courtesy of Joshua Brown, The Reformed Broker

In technical analysis, when you hear the term bullish engulfing pattern or bearish engulfing pattern, what they’re talking about is a candlestick chart – usually a daily – where today’s low price and high price are below and above the high and low of the previous day. If the close is higher, it’s a bullish engulfing pattern. It’s a bearish engulfing pattern if the candle resolves lower. This can also be referred to as an positive or negative outside day, which many traders call a “reversal pattern”, meaning it has the potential to change the prior trend.

In a new note this morning, Citi’s technicians look down at a variety of asset classes from 10,000 feet. On the yearly S&P 500 chart, they note that we’re likely going through ...



more from Ilene

Chart School

Best Stock Market Indicator Update

Courtesy of Doug Short's Advisor Perspectives.

We continue to receive requests for updates to the "Best Stock Market Indicator", which used to be a regular guest post from John Carlucci. Here is an update of the "Carlucci" indicator along with a summary of John's explanation on how he uses it.

As John described it: "The $OEXA200R (the percentage of S&P 100 stocks above their 200 DMA) is a technical indicator available on StockCharts.com used to find the "sweet spot" time period in the market when you have the best chance of making money."

Latest Indicator Position

According to this system, the market ...



more from Chart School

Kimble Charting Solutions

Silver attempting breakout above dual resistance, says Joe Friday

Courtesy of Chris Kimble.

In September of 2012, when Silver was trading at $28, the Power of the Pattern shared the chart below. The patterns suggested that even though Silver had already declined a great deal ($50 to $28), patterns called for it to fall nearly another 50%, to the $15 level.

Chart below was from 2012, see original post HERE.

...



more from Kimble C.S.

ValueWalk

John DeVoy, Former Baupost Director Hired By Loomis Sayles

By Jacob Wolinsky. Originally published at ValueWalk.

John DeVoy, a long time analyst at Seth Klarman’s Baupost Group has left the hedge fund for a position at Loomis Sayles. Devoy formerly worked at Loomis before spending close to ten years at the Boston based hedge fund. The news was announced via a press release from Loomis.  The statement says that DeVoy will be returning to the company “as a dedicated credit strategist for the flagship full discretion team.”

Also see Will Baupost Follow Its Own “North Star”

Baupost Group’s Seth Klarman Sees ’50 Shades of Value’

Devoy was a managing dir...



more from ValueWalk

OpTrader

Swing trading portfolio - Week of June 27th, 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

Mapping The Market

Thoughts on Brexit

I have mixed feelings about Brexit today. Clearly the European institution need reforming. The addition of so many countries in the last 20 years has created a top heavy administration. The Euro adds more complexities to the equation as the ECB policies cannot fit every country's problem. On the other hand, a unified Europe has advantages as well – some countries have benefited from the integration.

For Britain, it's hard to say what the final price will be. My guess is that Scotland might now vote for independence as they supported staying in Europe overwhelmingly. Northern Ireland might be tempted to leave as well so possibly RIP UK in the long run. I was talking to some French people and they were saying that now there might be no incentive for France to stop immigrants from crossing over to the UK like they do now and simply allow for travel there and let the UK deal with them. The end game is not clear to anyone at the moment....



more from M.T.M.

Digital Currencies

Bitcoin Tumbles 10%

Courtesy of ZeroHedge. View original post here.

One week ago, when bitcoin first crossed above $700 on the seemingly insatiable Chinese buying which we forecast last September (when bitcoin was trading at $230) would take place as a result of China's capital controls (to much pushback by the "mainstream" financial media), we tried to predict what may happen next. We said that "it could go much higher. That said, anyone who bought last September when the digital currency was trading at $230 may be advised to take some profits, and at least make...



more from Bitcoin

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

Biotech

This Is Why Biotech Stocks May Explode Again

Reminder: Pharmboy and Ilene are available to chat with Members.

Here's an interesting article from Investor's Business Daily arguing that biotech stocks are beginning to recover from their recent declines, notwithstanding current weakness.

This Is Why Biotech Stocks May Explode Again

By 

Excerpt:

After a three-year bull run that more than quadrupled its value by its peak last July, IBD’s Medical-Biomed/Biotech Industry Group plunged 50% by early February, hurt by backlashes against high drug prices and mergers that seek to lower corporate taxes.

...



more from Biotech

Promotions

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!

PhilStockWorld.com 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, ...



more from Promotions

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!




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 >>