Archive for the ‘Benzinga’ Category

Needham Cuts Nimble Storage To Buy From Strong Buy, Lowers EPS Outlook

Courtesy of Benzinga.

Related nmbl
Benzinga's Top Downgrades
Nimble Storage Downgraded By Wunderlich On Valuation

In a report published Tuesday, Needham analyst Richard Kugele downgraded the rating on Nimble Storage, Inc. (NYSE: NMBL) from Strong Buy to Buy, while lowering the price target from $35 to $32. Although the company is expected to post strong F2Q results, increased opex investments are expected to adversely impact performance in FY17.

"We expect the solid revenue trajectory exhibited by NMBL continued in F2Q, with further share gains and expansion into enterprise accounts with its hybrid and all-flash solutions," Kugele state, while expressing concern regarding the outlook for FY17, given that the company is expected to invest in growth.

For F2Q, the analyst expects Nimble Storage to be able to meet or beat its revenue and EPS guidance, with the company adding larger enterprise accounts due to its all-flash and hybrid offerings, as well as gaining market share from legacy vendor installations.

However, the analyst also expressed concern regarding the consensus expectations not being in-line with the company's vision.

According to the Needham report, "NMBL has repeatedly forecast that it is targeting operating profitability by the end of F16 (the January '16 ending quarter), and we continue to believe it will achieve this goal even if it is to the detriment of topline growth."

The revenue and EPS estimates for F16 and F17 have been lowered, given that the company is expected to "invest profit dollars derived from improving revenue into greater sales and R&D for future growth rather than dramatic EPS leverage," Kugele added.

Latest Ratings for nmbl

Date Firm Action From To
Jul 2015 Needham Downgrades Strong Buy Buy
Jun 2015 Wunderlich Downgrades Buy Hold
Apr 2015 BMO Capital Initiates Coverage on Outperform

View More Analyst Ratings for nmbl
View the Latest Analyst Ratings

Posted-In: Needham Richard KugeleAnalyst Color Downgrades Price Target Analyst Ratings





BMO's Kelly Bania Explains Why She Downgraded United Natural Foods

Courtesy of Benzinga.

Related UNFI
Benzinga's Top Downgrades
United Natural Foods: Cleveland Research Suggest Company Lost 'New Seasons Market' Which Equates To ~$100M In Annual Business, Lowering 'FY16 estimates significantly'
Outlook lowered on United Natural Foods (Seeking Alpha)

In a report issued Monday, BMO analysts Kelly Bania and Lucy Hong downgraded shares of United Natural Foods, Inc. (NASDAQ: UNFI) to Market Perform and trimmed their price target to $52.00. However, the stock remains among the firm’s Top 15 U.S. Small Cap Stock Selections.

United Natural Foods disclosed last week that its contract with Albertsons (including Safeway Inc. (NYSE: SWY) ) will terminate on September 20, 2015, ahead of the end date stipulated in the contract (July 31, 2016).

The analysts have already estimated the impact of losing this client; earnings will decrease by less than 5 percent. However, the firm’s EPS estimate for fiscal 2016 was cut by approximately 5 percent (or $0.17) to $2.98. The new estimate implies 3.3 percent top-line growth (from 9 percent), “reflecting the customer loss and a more conservative core growth rate of 8% (from 9%).”

On the day of the announcement, the stock fell about 17 percent and has continued to tumble. While some think the move may look like an overcorrection, Bania and Hong believe the announcement suggests increased risk to the company’s outlook.

The analysts continued, “With a modest industry sales slowdown in recent quarters – albeit not, in our view, from an increase in products shifting directly but rather in-part from large, direct-sourcing customers (such as COST and KR) gaining market share – the risk of further increased competition from KeHE (the distributor that won the new Albertsons' contract) as well as regional suppliers remains a potential threat. Additionally, further industry supermarket consolidation (Ahold-Delhaize merger expected to close mid-2016) could result in ongoing volatility for natural and organic distributors.”

BMO continues to believe that United Natural Foods’ prospects could improve as:

1) Temporary problems fade.

2) The company’s presence in faster-growing perimeter categories (through Tony’s and M&A activity) continues to increase.

3) Management increase its focus on the ethnic/gourmet…
continue reading





Jefferies Slashes 3D Systems, Stratasys Targets On Degradation And Worse Channel Management

Courtesy of Benzinga.

Jefferies Slashes 3D Systems, Stratasys Targets On Degradation And Worse Channel Management

Related SSYS
Dougherty Upgrades Stratasys, Sees 'A Path Out Of The Dog House'
Morning Market Gainers
Stratasys up 2.9% on pre-earnings Dougherty upgrade (Seeking Alpha)

Related DDD
Capitulation In 3D Systems?
6 Stocks With Short-Selling Activity Worth Watching
3D Systems' Survival is at Risk (GuruFocus)

In a report published Tuesday, Jefferies analyst Jason North said that investors were concerned about when and if the industry would return to growth of more than 20 percent. The analyst added that both Stratasys, Ltd. (NASDAQ: SSYS) and 3D Systems Corporation (NYSE: DDD) are likely to report weak Q2 results and a “muted Q3 rebound.”

North said that core SSYS was likely to return to +20 percent trendline growth in Q4, versus “later (if ever) for DDD.” In fact, 3D Systems’ quarterly revenues were likely to remain below 20 percent for the next six quarters.

In the report Jefferies noted, “Our checks indicate that most of the end-use part demand will rely on new initiatives that will take a while to ramp: customers employing new business models, startups that use 3D printing, and new 3D printing technologies being launched by SSYS and DDD, which makes our previous expectation of a H2:16 time frame unlikely for SSYS and DDD.”

North maintained a Buy rating on Stratasys, while reducing the price target from $60 to $50. The EPS estimate for 2016 has been reduced from $2.00 to $1.86.

Jefferies maintained a Hold rating on 3D Systems, while reducing the price target from $22 to $14. The EPS estimate for 2016 has been reduced from $0.86 to $0.68.

“We trim our DDD estimates and targets more than SSYS’ due to our survey indicating more degradation in DDD spending intentions vs. our January survey and worse channel management vs. SSYS,” North explained.

Latest Ratings for SSYS

Date Firm Action From To
Jul 2015 Dougherty & Company Upgrades Buy
Jul 2015 Citigroup Maintains Neutral
Jun 2015 Oppenheimer Maintains Outperform Outperform

View More Analyst Ratings for SSYS
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Reiteration Top Stories Analyst Ratings Best of Benzinga





Jefferies Upgrades Aegerion Pharma To Buy, Sees Positively Skewed Risk/Reward

Courtesy of Benzinga.

Related AEGR
Aegerion Pharmaceuticals Grants Stock Options Under Inducement Program, 71K Shares At $18.83
Benzinga's Top Downgrades
Aegerion Pharma CEO and COO bid adieu (Seeking Alpha)

In a report published Tuesday, Jefferies analyst Eun K. Yang upgraded the rating on Aegerion Pharmaceuticals, Inc. (NASDAQ: AEGR) from Hold to Buy, while maintaining the price target at $26. The analyst believes that the risk/reward is positively skewed at present.

"Notwithstanding uncertainties on timing of new CEO hire and potential impact from PCSK9 inhibitors on Juxtapid, we view negative sentiment/concern is largely priced in," Yang elaborated, while adding that the risk/reward would be even more positively skewed "if PCSK9 inhibitor impact turns out to be less than feared."

Aegerion Pharmaceuticals reported its preliminary sales figure for 2Q15 ahead of the estimates and the consensus. The company also announced on Monday that CEO Marc Beer and COO Craig Fraser had resigned.

According to the Jefferies report, "This is not surprising as it's been widely viewed as forthcoming given the disappointing Juxtapid sales leading to massive stock under-performance in 2014. Thus, this is regarded as a welcome change and may be a necessary step for the company. While difficult to predict, AEGR expects a new CEO hire could take 3-6 months."

The analyst believes that the change in the top management could potentially restore investor confidence in the stock. Concerns regarding competition from the launch of Repatha by Amgen, Inc. (NASDAQ: AMGN) in 3Q15 are also priced into the stock, given its year-to-date underperformance despite Juxtapid exceeding the sales expectations for 1H15.

Latest Ratings for AEGR

Date Firm Action From To
Jul 2015 Jefferies Upgrades Hold Buy
Jul 2015 Guggenheim Securities Downgrades Neutral Sell
Oct 2014 Jefferies Downgrades Buy Hold

View More Analyst Ratings for AEGR
View the Latest Analyst Ratings

Posted-In: Eun K. Yang JefferiesAnalyst Color Upgrades Analyst Ratings





ams Acquires Advanced CMOS Sensor Business from NXP: Terms Not Disclosed

Courtesy of Benzinga.

ams AG (OTC: UKUF), a leading provider of high performance sensors and
analog ICs, announced today that the company has acquired the CMOS
Sensor Business from NXP Semiconductors (NASDAQ: NXPI). The acquisition expands ams’
environmental sensor portfolio with advanced monolithic and integrated
CMOS sensors that measure several environmental variables such as
relative humidity, pressure and temperature in one sensor device.

“Environmental sensors can replicate and enhance human responses by
monitoring and measuring smell, pressure and temperature. By capturing
this information electronically, data-driven decisions can be made
automatically and efficiently,” said Thomas Riener, Executive Vice
President, Marketing & Strategy at ams. “The acquisition of NXP’s CMOS
Sensor Business expands our existing environmental

See full press release





Market Update: Tuesday's Top Volume Leaders: Sirius XM, BoA, Sprint, Facebook And More

Courtesy of Benzinga.

Related BZSUM
Mid-Day Market Update: Tuesday's Movers, China Markets Tumble Further And More
Tuesday's Top Rating Changes & Initiations: BlackBerry, Macy's, PayPal, LinkedIn And More

Related SIRI
Mid-Morning Market Update: Markets Rise; Ford Beats Q2 Estimates
Morning Market Gainers
Sirius XM Holdings (SIRI) James E. Meyer on Q2 2015 Results – Earnings Call Transcript (Seeking Alpha)

The Dow Jones Industrial Index rose 0.91 percent, the S&P 500 Index was up 1.05 percent, the NASDAQ Composite increased 0.83 percent and the U.S. Dollar Index remained stagnant as the U.S. markets finally saw a rise in Tuesday’s trading session.

Here were the top 10 volume movers at midday:

  • Sirius XM Holdings Inc. (NASDAQ: SIRI) had volumes of 45.94 million versus an average of ~27.72 million.
  • Bank of America Corp (NYSE: BAC) had volumes of ~43.57 million versus an average of ~82.33 million.
  • Petroleo Brasileiro Petrobras SA (NYSE: PBR) had volumes of ~34.23 million versus an average of ~27.93 million.
  • Freeport-McMoRan Inc (NYSE: FCX) had volumes of ~33.46 million versus an average of ~22.86 million.
  • Ford Motor Company (NYSE: F) had volumes of ~32.65 million versus an average of ~26.73 million.
  • Ambev SA (NYSE: ABEV) had volumes of ~28.27 million versus an average of ~12.37 million.
  • Vale SA (NYSE: VALE) had volumes of ~25.91 million versus an average of ~28.01 million.
  • Sprint Corp (NYSE: S) had volumes of ~22.09 million versus an average of ~20.99 million.
  • Facebook Inc (NASDAQ: FB) had volumes of ~22 million versus an average of ~30.18 million.
  • AT&T Inc. (NYSE: T) had volumes of ~21.20 million versus an average of ~34.28 million.

Posted-In: News Intraday Update Movers





S&P 500 Index Futures Trading Higher In Choppy Session

Courtesy of Benzinga.

Related SPY
Consumer Confidence Preview: Estimates Call For A Slight Drop
S&P 500 Index Futures Trading Lower
Testy Tuesday: Bouncing Back To Bull? (Seeking Alpha)

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

S&P 500 index futures were trading higher by three points at 2067.50 in Tuesday's session. The strong rally in pre-market trading has given way. The index, which peaked shy of Monday's high (2080.75) at 2078.25, began to tail off going into the opening bell.

In the regular session, it stopped immediately at 2072.25 and declined through the close before finding support at 2061.50 and rebounding to its current level.

Seven of the top 10 components in the index are in the green. Leading the way on the upside is Berkshire Hathaway Class B (NYSE: BRK-B) shares, which were trading higher by $0.90 at $141.63. It is followed by Procter & Gamble (NYSE: PG) shares, which were trading higher by $0.45 at $80.42.

Leading the way on the downside is Facebook Inc (NASDAQ: FB) shares, which were trading lower by $$0.34 at $93.83.

Posted-In: Premarket outlookFutures Technicals Intraday Update Markets Movers Trading Ideas





Gilford Says Don't Believe The Real Estate Hype: Slashes Macy's From Buy To Sell

Courtesy of Benzinga.

Related M
Barclays Highlights 'Upside For Some' In Handbag Group, Considers Coach, Kate Spade, Michael Kors
Benzinga's Top Downgrades
Bear call on Macy's linked to REIT froth (Seeking Alpha)

In a report published Tuesday, Gilford Securities analyst Bernard Sosnick downgraded shares of Macy's, Inc. (NYSE: M) to Sell from Buy following the surge in its stock after Starboard Value announced its belief that shares could be worth $125 if the retailer were to monetize its most profitable and productive real estate assets.

Shares of Macy's were down almost 2 percent on Tuesday.

Sosnick noted that Macy's "experienced the damage" done by the "retail real estate mania" in the late 1980s and early 1990s, which resulted in some of its stores declaring bankruptcies. As such, the company learned from its errors in the past and is likely to "rebuff" Starboard Value and any other activist investors urging engagement in "financial legerdemain."

The analyst said that under Starboard Value's scenario, Macy's would be "extracting" cash from real estate occupied by its most productive stores. Some stores may be forced to close under this scenario while other stores would be "saddled" with higher rents.

"Reducing profitability of the best stores would lever the business dangerously, because about half of Macy's stores generate low revenues and their profitability is likely to contract ad digital retailing grows," Sosnick argued. "We believe the quest for a pot of gold in real estate is a fool's errand."

Sosnick also argued that while Macy's has made "wise" merchandising and operating adjustments over the past 10 years, the company is still poised to experience growth. However, the analyst stated that Macy's initiatives "might not be enough" to offset a "likely long-term weakening" of sales in existing stores as consumer buying behaviors continue changing.

Bottom line, the "speculative premium" in Macy's stock is poised to disappear and the recent surge in Macy's stock provides investors with an opportunity to "lighten or eliminate" their positions at "attractive prices."

Latest Ratings for M

Date Firm Action From To
Jul 2015 Gilford Securities Downgrades Buy Sell
Jul 2015 Atlantic Equities Downgrades Neutral Underweight
Jul 2015 JP Morgan Maintains Overweight

View More Analyst Ratings for M
View the Latest Analyst Ratings

Posted-In: activist investor Bernanrd Sosnick gilford securities REIT retailersAnalyst Color Downgrades Analyst Ratings





Morgan Stanley Neutral On Natera, Starts At Equal-Weight

Courtesy of Benzinga.

Related NTRA
Benzinga's Top Initiations
Stocks Hitting 52-Week Lows

In a report published Monday, Morgan Stanley analyst Steve Beuchaw initiated coverage of Natera Inc (NASDAQ: NTRA) with an Equal-weight rating and price target of $20. The analyst expects the company to grow at a CAGR of 25 percent over the next three years into a TAM worth $15 billion, despite pricing pressure on its core business.

Beuchaw believes that "the technology and commercial organization are top-tier but valuation suggests expectations are high," while expecting increased visibility over the next 2-4 years into the company's path to penetrating the combined oncology and prenatal TAM.

The analyst expects Panorama, the company's lead non-invasive prenatal screening product, to see expanding market opportunity in the U.S. over the next 1-3 years, with increased insurance coverage. This is expected to drive over 30 percent growth for Panorama.

In addition, "Natera's cloud-based lab model positions the company to expand into an incremental $2bn TAM in Europe," according to the Morgan Stanley report. Also visibility into Natera's liquid biopsy platform is likely to increase over the next 2-3 years. This non-invasive cancer test has a market opportunity of about $10 billion.

However, the analyst expressed concern regarding the competition in the markets the company operates in.

"Timelines on insurer coverage of NIPS (non-invasive prenatal screening) testing in the low/average risk pregnancy populations are unclear. Liquid biopsy is a nascent field, and clinical trials to prove analytical and clinical value would be completed over the next 2-4 years," Beuchaw added.

Latest Ratings for NTRA

Date Firm Action From To
Jul 2015 Morgan Stanley Initiates Coverage on Equal-weight
Jul 2015 Cowen & Company Initiates Coverage on Outperform
Jul 2015 Piper Jaffray Initiates Coverage on Overweight

View More Analyst Ratings for NTRA
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Steve BeuchawAnalyst Color Initiation Analyst Ratings





Credit Suisse Maintains Outperform On Lear Corp, Deutsche Bank Boosts To Buy

Courtesy of Benzinga.

Related LEA
Earnings Scheduled For July 24, 2015
Barclays Downgrades Auto Sector To 'Negative,' But Reiterates Bull Thesis On Mobileye
Lear crushes profit estimates (Investor’s Business Daily)

In a report published Monday, Credit Suisse analyst Dan Galves maintained an Outperform rating on Lear Corporation (NYSE: LEA), with a price target of $127, after the company reported impressive quarterly results.

Lear reported 2Q15 earnings of $2.82 per share, up 33 percent y/y on 1 percent revenue growth. Although the good performance was broad-based, Seating was the driving force, analyst Dan Galves said.

The company maintained its 2015 revenue guidance at $18.0-$18.5billion, while raising its core operating income and FCF guidance.

The EPS estimates for 2015, 2016 and 2017 have been raised from $9.72 to $10.07, from $11.13 to $11.34 and from $12.53 to $12.67, respectively.

Meanwhile, in an another report Deutsche Bank analyst Rod Lache upgraded the rating on Lear from Hold to Buy, while raising the price target from $120 to $122.

Lear’s 2Q earnings of $2.82 per share were ahead of the Deutsche Bank estimate of $2.46. The company’s total operating margins for the quarter were 7.3 percent, with Seating coming in at 7.1 percent and Electrical margins at 13.9 percent.

The company raised its full-year EBITDA forecast from $1.56-$1.61 billion to $1.59-$1.64 billion. Lear also raised its full-year free cash flow forecast from $575 million to $625 million as a result of upward revisions to their Seating and Electrical margins.

Lear now expects its Seating margins to be in the high 6 percent range for the full year, while that for Electricals are expected to be in the high 13 percent for the full year.

In the report Deutsche Bank noted, “Based on the company’s performance, we have re-assessed the trajectory of Lear’s margins, and we are adjusting our model to reflect our view that Lear can achieve a ~7% EBIT margin 3-years faster than we had previously assumed (we now assume 7% margins in 2016; our previous DCF model reflected achievement of this margin in 2019).”

Latest Ratings for LEA

Date Firm Action From To
Jul 2015 Deutsche Bank Upgrades Hold Buy
Jul 2015 Susquehanna Maintains Neutral
Jul 2015 Barclays Downgrades Overweight Equal-weight

View More Analyst Ratings for LEA
View the Latest Analyst Ratings

Posted-In: Credit Suisse Deutsche BankAnalyst Color Upgrades Price Target Analyst Ratings





 
 
 

ValueWalk

Activist Elliott Management Gets Win At Citrix As CEO Retires

By Clayton Browne. Originally published at ValueWalk.

Activist fund Elliott Management and its founder Paul Singer have had an up and down couple of weeks. Last week, it was bad news when the Lee family-backed Samsung merger deal was approved despite Singer and Elliott's vociferous disapproval. Things have started off much better for Elliott this week, however, as target firm Citrix Systems, Inc. (NASDAQ:CTXS) announced on Tuesday that CEO Mark Templeton would retire. The cloud services provider also announced it wa...



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Zero Hedge

The True Minimum Wage Is $0 Per Hour

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Jeffrey Snider via Alhambra Investment Partners,

The minimum wage is not what is commonly referred, as is being proven again as parts of the US experiment directly with this boundary. In New York, fast food workers have been given a $15 per hour minimum wage which is being celebrated by the same fast food workers who will bear the brunt of the experimentation. Some of them will be happy with the results, but there will be clear losers – the full wrath of redistribution is usually unseen which is why it persists.

Twitter had been having fun on the ...



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Phil's Favorites

Putting the Puzzle of Greece Together

 

Putting the Puzzle of Greece Together

Gordon T. Long (at Macro Analytics) talks with John Rubino (Dollar Collapse) about the current developments in Greece and the seemingly impossible choices facing the Greek people and their government.

THE ACCOUNTING CHARADE

To better understand how Greece and the EU found itself in this perplexing problem, John Rubino traces the history of Greece prior to joining the EU. John doesn't hold back in describing the manipulation of economic numbers carried out by Greece, abetted by Goldman Sachs to gain entry into the EU. Greece never met the Maastricht Treaty bar but nevertheless was granted entry. Goldman Sachs and the International Bankers...



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Chart School

Relief Rally?

Courtesy of Declan.

Big gains and a strong reversal in the Russell 2000 puts a potential bottom in play.  The Russell 2000 started the day below the 200-day MA, but then rallied to claim a spike low and a close above this key moving average. Small Caps are a key driver in trend cycles. The 'bull trap' from June is still dominant. and a push above 1,280 looks a tall order. but reversing the breakdown of the rising trendline at 1,240 is a different proposition. If it fails at this, then a swift return below the 200-day MA, and then some, opens up. And the long awaited intermediate term decline begins.


The S&P gained over 1% with a second bounce off the 200-d...

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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Dollar gains against yen, but weakens vs. pound (Market Watch)

The dollar advanced against the yen on Tuesday as worries about China’s stock selloff abated somewhat, but the buck fell against the pound after the latest reading on U.K. economic growth matched expectations.

Some stabilization by Asian stocks prompted nervous investors to loosen their grip on the perceived safety of the Japanese currency.

The dollar USDJPY, -0.01%  was up at ¥123.73, compared with ¥123.24 late Monday in New York. ...



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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

Travel indicator being put to critical tests

Courtesy of Chris Kimble.

The American Economy is driven a good deal by the consumer.

The table below reflects that nearly 70% of GDP is based consumption.

CLICK ON CHART TO ENLARGE

The 4-pack below looks at consumption with a focus on the travel and leisure sector, by looking at Avis (CAR), Hertz (HTZ), Expedia (EXPE) and Priceline (PCLN).

CLICK ON CHART ABOVE TO ENLARGE

While many seem to be occupied by the news abou...



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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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OpTrader

Swing trading portfolio

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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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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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.

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