Archive for the ‘Benzinga’ Category

Goldman Highlights 3 Implications Of Chicago Bridge & Iron’s Q2 Results

Courtesy of Benzinga.

Goldman Highlights 3 Implications Of Chicago Bridge & Iron's Q2 Results

Goldman Sachs remains Neutral on Chicago Bridge & Iron Company N.V. (NYSE: CBI) shares and cut the estimates and price target following the company’s lower-than-expected earnings for the second quarter.

The Hague, Netherlands-based company posted EPS of $1.17, which came in below Street view of $1.20. Quarterly revenue of $2.7 billion also fell short of Wall Street expectations of $2.82 billion.

The company cut its 2016 EPS outlook to $4.70–$5.00 and revenue forecast to $10.6 billion–$11 billion. The Street currently expects EPS of $4.82 on revenue of $10.99 billion.

“The quarter revealed weaker demand for Steel Plate Structures (partly driven by LNG) and slower revenue burn in Technology – the key drivers of the guidance cut for this year,” analyst Jerry Revich wrote in a note.

Related Link: Magnitude Of Chicago Bridge & Iron’s Guidance Cut Caught Citi By Surprise

3 Takeaways

Following are the three implications of Goldman on the company’s results:

    1. Margin Pressure On Cost Plus Projects: “Management noted 2Q E&C segment margins were impacted by cost overruns on several projects as well as margin pressure on cost-plus work due to increased customer focus on cost reductions.”
    2. Visibility On A Return To Backlog Growth Appears Limited: “We await an offtake agreement for Cameron train 4 before modeling in a final investment decision for the project. While we are positive on the cost structure of the Mozambique LNG project, timing of a final investment decision is unclear. US power, however, remains a bright spot.”
    3. Capital Services Margins Improved To 2.9% In 2Q From 2.0% In 1Q: “Management remains optimistic on a continued recovery toward 3–6 percent target margins in coming quarters despite the completion of three nuclear projects that were taken out of backlog ($400 million).”

    The analyst cut his 2016 EPS/revenue estimate to $4.73/$10.096 billion from prior estimate of $4.95/$10.908 billion.

    Revich also trimmed his…
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    Citi Stays Neutral On Ford Shares, Prefers GM

    Courtesy of Benzinga.

    Citi Stays Neutral On Ford Shares, Prefers GM

    Shares of Ford Motor Company (NYSE: F) fell more than 8 percent Thursday after its second-quarter EPS missed estimates by $0.06. The automaker saw flat U.S. sales and lower sales in China.

    Going into the second half, Ford faces an expensive launch of its new Super Duty pickup truck, as well as a Brexit-related $145 million hit to sales.

    Citi maintains its Neutral rating on Ford, but prefers General Motors Company (NYSE: GM). Citi analyst Itay Michaeli said GM is more exposed through midsize trucks while Ford’s new higher-contented trucks are cutting into margins — a trend that could linger into 2017.

    Related Link: The Street Simply Hates GM And Ford

    “In 2016–17, GM is redesigning exceptionally older cars and crossovers, meaning that the year-over-year profit comp is likely also quite easier. We don’t think Ford enjoys similar tailwinds making it more susceptible to current industry pricing pressures in sedans,” Michaeli wrote in a note.

    On the inventory front, Ford edges out GM so far this year, which could impact Ford’s upcoming third-quarter results.

    But even more than North American issues, the analyst remains concerned about weak demand in China during the coming quarter.

    While Ford forecasts another strong year and is committed to full-year guidance on pretax profit and operating margin (equal or better than last year), the company now sees challenges to achieving guidance.

    Meanwhile, the analyst said the automaker’s second half North America margin guide appears “respectable” at 8 to 9 percent, which would put 2016 at around 10 percent (aided by a strong truck mix). Management also appeared to stick with its 8 to 10 percent go-forward NA margin view.

    Shares of Ford…
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    UBS Sees Price Target For Beazer Homes Somewhere In The Neighborhood Of $10

    Courtesy of Benzinga.

    Beazer Homes USA, Inc.’s (NYSE: BZH) F3Q indicated that the company was making progress towards its long-term goals of boosting top-line and generating margin expansion, along with deleveraging, UBS’s Susan Maklari said in a report. She maintained a Neutral rating on the company, while raising the price target from $8 to $10.

    Analyst Susan Maklari mentioned that Beazer’s F3Q results reflected:

    • A modest increase in community count, along with benefits of easier comps
    • Operational improvements and Beazer’s “three-pronged strategy around product and mortgage financing” would likely enable the company to generate greater profitability, including gross margins back to more than 21 percent
    • Improving demand, combined with a gradual rise in optioned lots, would help effective cash management, as the company “looks to balance growth with its targeted debt paydown” of $150mn in F2016 and +$250mn through F2018.

    Maklari raised the EPS estimates for F2016 and F2017 from $0.75 to $0.90 and from $1.00 to $1.10, respectively.

    Why The Neutral Rating?

    The analyst expressed optimism in Beazer being able to drive improved results over the next few years, “as the current recovery in housing further unfolds.” She explained that the strategy was based on achieving volume growth and lowering costs, while “driving operating efficiencies and aggressively deleveraging its balance sheet.”

    Maklari added, however, that the broader housing recovery was moderate in nature and Beazer’s decision to focus on improved cash generation would likely keep the stock valuation below that of “better capitalized peers.”

    Do you have ideas for articles/interviews you’d like to see more of on Benzinga? Please email with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

    Latest Ratings for BZH

    Date Firm Action From To
    May 2016 UBS Downgrades Buy Neutral
    Feb 2016 UBS Maintains Buy
    Jan 2016 JP Morgan Maintains Neutral

    View More Analyst Ratings for BZH

    View the Latest Analyst Ratings

    Posted-In: Susan Maklari UBSAnalyst Color Price Target Reiteration Analyst Ratings

    2 Sides To Alphabet’s Story?

    Courtesy of Benzinga.

    2 Sides To Alphabet's Story?

    Nilay Patel, editor-in-chief of The Verge, was a guest on CNBC’s “Squawk Box” segment Friday morning to discuss what he views as “2 sides to Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)’s story” — both of which occur within the Google segment.

    Patel stated that it is hard to look at Google’s earnings without looking at Samsung (SAMSUNG ELECTRONIC KRW5000 (OTC: SSNLF))’s earnings, which were “incredible” and driven by strong sales of its flagship phone, the Galaxy S7. This indicates that “Android side of the Google house is doing very well.”

    Related Link: Alphabet Shares Still Cheap; Victor Anthony Raises Target To $990.

    The other side of Google’s story focuses on distributing and monetizing content. Alphabet’s second=quarter print on Thursday reinforced the fact that Google owns two of the most “important icons” on a mobile phone.

    “If you open a browser you are going to do a mobile search — Google is doing a great job of owning and monetizing mobile search,” he said. “You are going to watch a video, Google obviously has a ton of challengers around YouTube… but they are still YouTube.”

    As a side note, Patel also stated that Alphabet’s earnings also indicate that its enterprise business is “doing better.”

    A shares of Alphabet (GOOGL) were trading higher by 4 percent at $796.47, while C shares (GOOG) were up 3.61 percent at $772.82 at time of writing.

    Full ratings data available on Benzinga Pro.

    Do you have ideas for articles/interviews you’d like to see more of on Benzinga? Please email with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

    Posted-In: AndroidAnalyst Color CNBC Earnings News Movers Tech Media Best of Benzinga

    Benzinga’s Top Downgrades

    Courtesy of Benzinga.

    Benzinga's Top Downgrades

    • Analysts at Goldman Sachs downgraded Ford Motor Company (NYSE: F) from Buy to Neutral. Ford shares fell 0.71 percent to $12.62 in pre-market trading.
    • Analysts at Maxim Group downgraded GrubHub Inc (NYSE: GRUB) from Buy to Hold. GrubHub shares fell 3.64 percent to $36.76 in pre-market trading.
    • UBS downgraded Deere & Company (NYSE: DE) from Buy to Neutral. Deere shares fell 1.56 percent to $76.95 in pre-market trading.
    • JP Morgan downgraded HCA Holdings Inc (NYSE: HCA) from Overweight to Neutral. HCA Holdings shares dropped 1.13 percent to $77.00 in pre-market trading.
    • Nomura downgraded Wynn Resorts, Limited (NASDAQ: WYNN) from Neutral to Reduce. Wynn Resorts shares dropped 8.51 percent to $95.75 in pre-market trading.
    • Wells Fargo downgraded Harley-Davidson Inc (NYSE: HOG) from Outperform to Market Perform. Harley-Davidson shares gained 0.85 percent to close at $51.01 on Thursday.
    • Analysts at Societe Generale downgraded Mead Johnson Nutrition CO (NYSE: MJN) from Buy to Hold. Mead Johnson Nutrition shares declined 1.87 percent to close at $89.89 on Thursday.
    • Analysts at Deutsche Bank downgraded NetSuite Inc (NYSE: N) from Buy to Hold. NetSuite shares fell 0.02 percent to $108.39 in pre-market trading.
    • Exane BNP Paribas downgraded Colgate-Palmolive Company (NYSE: CL) from Outperform to Neutral. Colgate-Palmolive shares slipped 0.07 percent to $73.20 in pre-market trading.
    • Bernstein downgraded EMC Corporation (NYSE: EMC) from Outperform to Market Perform. EMC shares fell 0.28 percent to $28.26 in pre-market trading.

    Latest Ratings for GRUB

    Date Firm Action From To
    Jul 2016 Bank of America Downgrades Buy Neutral
    Jul 2016 Monness Crespi Hardt Downgrades Buy Neutral
    Jul 2016 Maxim Group Downgrades Buy Hold

    View More Analyst Ratings for GRUB

    View the Latest Analyst Ratings

    Posted-In: Top DowngradesDowngrades Analyst Ratings

    Google’s Mobile, YouTube Sites Grew At Their Fastest Rate In 3 Years

    Courtesy of Benzinga.

    Google's Mobile, YouTube Sites Grew At Their Fastest Rate In 3 Years

    Alphabet Inc (NASDAQ: GOOGL) delivered a 2Q16 beat, with accelerating growth and margin expansion. SunTrust Robinson Humphrey’s Robert S. Peck maintained a Buy rating on the company, while raising the price target from $850 to $900.

    Alphabet reported its 2Q revenue growth at 25 percent y/y ex-FX, up from 23 percent in 1Q. Google sites posted 24 percent growth, versus 20 percent in 1Q, led by mobile, YouTube and DBM. Analyst Robert Peck noted that sites recorded “the fastest rate in over 3 years,” and added ~$3B of revenues y/y.

    Related Link: Innovation Will Continue To Drive Alphabet Going Forward

    Sites paid clicks recorded flat 37 percent growth. Although CPCs declined 9 percent in 2Q, this was an improvement over the 12 percent decline in 1Q.

    Other Results

    • Network: Growth of 3 percent y/y, flat with 1Q
    • Other Google Revenues: Accelerated to 33 percent y/y growth, led by Cloud and Play
    • US Revenues: Growth accelerated to 24 percent y/y, from 21 percent
    • Operating Margins: Expanded ~110bps, despite higher TAC and investments
    • Total TAC Rate: Down due to mix, but was up for Sites and Networks to multi-year highs
    • FCF: Came in at $7B, representing 33 percent of revenues

    “While 2H comp and TAC concerns remain, we feel that few companies in our universe have as much optionality, particularly at these valuation and FCF levels, and Google’s ability to gain advertiser wallet share is expanding with increased innovation and functionality,” Peck commented.

    Do you have ideas for articles/interviews you’d like to see more of on Benzinga? Please email with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

    Latest Ratings for GOOGL

    Date Firm Action From To
    Jul 2016 Credit Suisse Maintains Outperform
    Jul 2016 UBS Maintains Buy
    Jul 2016 SunTrust Robinson Humphrey Maintains Buy

    View More Analyst Ratings for GOOGL

    View the Latest Analyst Ratings

    Posted-In: Robert S. Peck SunTrust Robinson HumphreyAnalyst Color Long Ideas Price Target Reiteration Analyst Ratings Trading Ideas Best of Benzinga

    Despite Tough Comps, Bob Peck Impressed With Amazon’s Beat

    Courtesy of Benzinga.

    Despite Tough Comps, Bob Peck Impressed With Amazon's Beat, Inc. (NASDAQ: AMZN) delivered a 2Q16 beat across the board, despite tougher comps, SunTrust Robinson Humphrey’s Robert S. Peck mentioned in a report. He maintained a Neutral rating on the company, while raising the price target from $775 to $800.

    Amazon reported robust 2Q results, backed by benefits from Prime Flywheel and Scale. Analyst Robert Peck mentioned the key takeaways from the quarter as:

    • Continued acceleration in unit growth, driven by Prime Flywheel and 3P FBA
    • 3P sellers contributed ~50 percent of unit sales. Here, Amazon is a fee-based marketplace and also provides logistics and fulfillment services
    • Revenue growth came in at ~31 percent y/y. More importantly, gross profit growth was recorded at 40 percent y/y
    • International EGM accelerated to 38 percent y/y growth ex-FX, despite tough comp
    • North America EGM y/y growth was flat at 32 percent, despite marginal retail growth
    • AWS recorded 58 percent y/y top line growth, despite tough comp
    • CSOI margins, at 6.9 percent, were the highest since 1Q10 and were driven by North America [6.5 percent], AWS [~30 percent], and International [~1 percent].

    Related Link: Amazon Web Services Is Destroying Its Competition

    Continued Investments Ahead

    Amazon’s 3Q margins are expected to contract y/y and sequentially, mainly due to higher spend on operational ramp, content, AWS and India, Peck said. He added that, in the medium term, the company may continue to invest in logistics, fulfillment centers, AWS infrastructure and expanded solutions, “the yet undisclosed “fourth pillar”” and nascent markets like India.

    Do you have ideas for articles/interviews you’d like to see more of on Benzinga? Please email with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

    Latest Ratings for AMZN

    Date Firm Action From To
    Jul 2016 UBS Maintains Buy
    Jul 2016 SunTrust Robinson Humphrey Maintains Neutral
    Jul 2016 JMP Securities Maintains Market Outperform

    View More Analyst Ratings for AMZN

    View the Latest Analyst Ratings

    Posted-In: Robert S. Peck SunTrust Robinson HumphreyAnalyst Color Price Target Reiteration Analyst Ratings Tech Best of Benzinga

    Innovation Will Continue To Drive Alphabet Going Forward

    Courtesy of Benzinga.

    Innovation Will Continue To Drive Alphabet Going Forward

    Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) reported beat results for 2Q, with robust performance from Google Websites and higher core Google earnings power, which drove an EPS beat.

    Morgan Stanley’s Brian Nowak maintains an Overweight rating on the company, with a price target of $880.

    2Q Beat

    Nowak mentioned that Google’s core Websites business beat expectations, growing 24 percent year-on-year, ex-FX.

    “The primary drivers were mobile search, solid desktop search growth, and YouTube, which is seeing strong growth in Google Preferred and a growing contribution from buying on DoubleClick Bid Manager,” the analyst explained.

    Innovation Driving Outperformance

    The company’s stronger-than-anticipated top-line growth was driven by innovation, as Google continued to enhance the search experience, ad formats, tools and offering.

    Related Link: Alphabet Shares Cross $800 After Big EPS And Sales Beats

    “We see this innovation as the key to the long-term trajectory of GOOGL’s top-line….in all leading to strong and sustained 20+ percent Google Websites growth,” Nowak stated.

    U.S. Business Strong

    The U.S. business was especially strong during the quarter, accelerating to 25 percent year-on-year growth, well ahead of the estimate.

    Nowak pointed out that “American ad revenue growth in 2Q, again speaks to how the US online ad market is increasingly becoming winner take most.”

    In addition, adjusted operating margins for Core Google grew 150 bps, while distribution TAC growth accelerated by 980 bps to 43 percent year-on-year, driven primarily by the increasing impact of mobile search.

    At time of writing, Alphabet (GOOGL) was up 4.46 percent at $800.00 in Friday’s pre-market session, while C shares (GOOG) were up 3.89 percent at $774.90.

    Full ratings data available on Benzinga Pro.

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    NextEra Energy Agrees To Buy Energy Future Holdings’ Stake In Oncor Electric Delivery Company

    Courtesy of Benzinga.

    NextEra Energy, Inc. (NYSE: NEE) reached a definitive deal under which a newly formed subsidiary of NextEra Energy would buy acquire 100 percent of the equity of reorganized Energy Future Holdings Corp. and some of its direct, as well as, indirect subsidiaries. This included EFH’s approximately 80 percent indirect stake in Oncor Electric Delivery Company implying an enterprise value of about $18.4 billion.

    NextEra Energy said that the agreement would be filed as part of the restructuring of EFH, which is currently before the United States Bankruptcy Court for the District of Delaware. The deal is also part of a complete reorganization plan, which meant to enable EFH to emerge from Chapter 11 bankruptcy. The transaction requires the Bankruptcy Court approval to proceed further.

    The company indicated it plans to fund $9.5 billion, mainly for the repayment of EFIH debt as part of the deal. The company expects to pay some creditors with cash and others in its common stock. The number of shares to be issued would be based on the estimated cash on hand at EFH at the closing of the transaction, the average price of the common stock for a specified number of days leading up to the closing and other factors specified in the deal.

    NextEra Energy plans to use a combination of debt, convertible equity units, and proceeds from asset sales to fund cash being provided to creditors. The company clarified that the transaction does not involve any financing conditions and that it plans to repay EFIH first lien debtor-in-possession financing in full. Currently it is estimated about $5.4 billion principal amount.

    Its chairman and CEO, Jim Robo, commented, “We are incredibly impressed by Oncor’s management team and its employees, and we are committed to retaining the Oncor name, its Dallas headquarters and local management. NextEra Energy shares Oncor’s strategy of making smart, long-term investments in transmission and distribution to continue to deliver affordable, reliable electric service to its customers. We look forward to working closely with Oncor’s leadership team and filing our joint application with the Public Utility Commission of Texas.

    The company committed to retaining the local management and that no voluntary workforce reduction for a minimum of two years after the transaction was consummated. The company expects the transaction to be meaningfully accretive to its energy earnings.

    Posted-In: News M&A General

    Pilgrim’s Pride Shares ‘Likely Will Outperform,’ According To BMO

    Courtesy of Benzinga.

    Pilgrim's Pride Shares 'Likely Will Outperform,' According To BMO

    BMO said Pilgrim’s Pride Corporation (NASDAQ: PPC) likely will outperform its peers and improve its relative positioning over time, despite the company having reported second-quarter earnings of $0.58, which fell short of consensus by $0.07.

    BMO, who has a Market Perform rating on the stock, said Pilgrim’s Pride would benefit from structural changes to product mix, operational profile and capital deployment.

    The brokerage noted that the chicken margin outlook appears favorable, with relatively muted supply growth and improved export outlook. BMO expects chicken margins to continue to improve in 2016 and to remain at least flat in 2017.

    “PPC’s diversified portfolio is likely to continue to outperform the market, reflecting flexibility between small and big bird production, prepared foods investment, lower leg quarter exposure, and organic/antibiotic free expansion,” analyst Kenneth Zaslow, wrote in a note.

    Related Link: Pinnacle Foods Earnings Review Served Up By UBS

    Meanwhile, the company’s operational excellence and aggressive cost controls are expected to improve margins, while Mexico operations create selective pockets of growth.

    On the shareholder returns front, the analyst noted that strong cash flow generation and underutilized balance sheet (<1x net leverage) — even after its $2.75/share special dividend — continue to allow potential share repurchases and acquisitions.

    However, the analyst cut his 2016 EPS view to $2.09 from $2.17 to reflect the second-quarter results.

    “We retain our Market Perform as our $27 price target does not justify an Outperform given the stock’s history of volatility,” Zaslow added.

    At the time of writing, shares of Pilgrim’s Pride were down 0.67 percent to $23.58.

    Full ratings data available on Benzinga Pro.

    Do you have ideas for articles/interviews you’d like to see more of on Benzinga? Please email with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

    Latest Ratings for PPC

    Date Firm Action From To
    Jun 2016 BMO Capital Downgrades Outperform Market Perform
    May 2016 BB&amp;T Capital Downgrades Buy Hold
    Dec 2015 Jefferies Initiates Coverage on Hold

    View More Analyst Ratings for PPC

    View the Latest Analyst Ratings

    Posted-In: BMO Kenneth ZaslowAnalyst Color Earnings Price Target Reiteration Analyst Ratings Best of Benzinga


    Zero Hedge

    In 50 Years This Has Never Failed To Trigger A Bear Market

    Courtesy of ZeroHedge. View original post here.

    Authored by Jesse Felder of,

    It’s earnings season once again and it looks as if, as a group, corporate America still can’t find the end of its earnings decline since profits peaked over a year ago. What’s more analysts, renowned for their Pollyannish expectations, can’t seem to find it, either.

    So I thought it might be interesting to look at what the stock market has done in t...

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    Chart School

    World Markets Weekend Update: The Global Rally Moderates Further

    Courtesy of Doug Short's Advisor Perspectives.

    The global rally in equities moderated further last week. Only three of the eight posted gains, down from six the previous week. T average gain of the eight indexes on our world watch shrank to 0.27%. The two Eurozone indexes were the top performers, the DAXK up 1.87% and the CAC up 1.34%. India's SENSEX was the third winner, up 0.89%. China's Shanghai was the biggest loser, down 1.11%.

    A Closer Look at the Last Four Weeks

    The tables below provide a concise overview of performance comparisons over the past four weeks for these eight major indexes. We've also included the average for each week so that we can evaluate the performance of a specific index relative to the overall mean and better understand weekly volatilit...

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    Phil's Favorites

    Donald Trump is a Keynesian on Steroids


    Donald Trump is a Keynesian on Steroids

    Courtesy of Cullen Roche, Pragmatic Capitalism

    Moody’s is out with a new analysis on the Clinton and Trump economic plans.¹ The short story is, Moody’s says the Clinton plan is superior to the Trump plan generating 2.6% RGDP for Clinton vs 0.6% RGPD for Trump in their first terms. But there’s a potential flaw in the Moody’s report in which they assume that a larger budget deficit hurts growth and causes rates to rise due to the crowding out myth. Of course, this is a common myth in mainstream economics that results from the usage of a loanable funds model of the economy. And as I’ve expl...

    more from Ilene

    Market News

    News You Can Use From Phil's Stock World


    Financial Markets and Economy

    Credit Suisse Is Building a New U.S. Bank Just for Billionaires (Fortune)

    Credit Suisse, which exited its U.S. private wealth business last year, is building out a new investment banking group in the region to serve billionaires.

    China Doubles Down On Building Bigger, Badder, Better Economy (Forbes)

    Between state-owned banks with a record $14 billion in new bond offerings in the second quarter, to Beijing promising more infrastructure spending, one thing is certain — they are hell bent on building rocket ship trains and bridges. The market hopes ...

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    NetSuite Inc Stock Soars On Oracle Corporation Bid

    By Jacob Wolinsky. Originally published at ValueWalk.

    NetSuite Inc (NYSE:N) is soaring this morning as Oracle Corporation (NASDAQ:ORCL) has made a bid to buy the company for $9.3 billion. This deal has been rumored for some time but obviously few expected such a large premium or did not think the bid was certaintly coming as the stock is up about 18 percent at the time of this writing which is a lot for a tech giant. Here is what the sell side is saying.

    NetSuite – analysts react


    Should the transaction take place, Oracle would pay about 9x NTM EV / revenue (based on consensus estimates for NetSuite), above the average multiple paid in our precedent SaaS Software acquisitions analysis of 6.8x . Additionally, Oracl...

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    Mapping The Market

    Illusion of Choice

    From Jean-Luc:

    Looks like we are down to about 10 companies for our consumer goods:

    Just like banks, airlines and cable companies! 

    The Illusion of Choice in Consumer Brands

    Explore the full-size version of the above graphic in all its glory.

    If today’s infographic looks familiar, that’s because it originates from a well-circulated report that Oxfam International puts together to show consolidation i...

    more from M.T.M.

    Digital Currencies

    Judge Rules Bitcoin Isn't Money Because It "Can't be Hidden Under A Mattress"

    Courtesy of ZeroHedge. View original post here.

    By Everett Numbers via

    In a landmark decision, a Florida judge dismissed charges of money laundering against a Bitcoin seller on Monday following expert testimony showing state law did not apply to the cryptocurrency.

    Michell Espinoza was charged with three felony charges related to money laundering i...

    more from Bitcoin

    Kimble Charting Solutions

    Junk Bonds at important inflection point, should impact stocks!

    Courtesy of Chris Kimble.

    Junk bonds have been quality at sending Risk On and Risk Off message to the broad stock market. Below looks at Junk Bond ETF JNK over the past decade.

    JNK finds itself at an important price point below and what it does in the upcoming couple of weeks could become a big influence on the Risk On/Risk Off trade.



    more from Kimble C.S.


    Swing trading portfolio - week of July 25th, 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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    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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    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



    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


    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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    Help One Of Our Own PSW Members

    "Hello PSW Members –

    This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at with any questions.

    Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

    Thank you for you time!

    FeedTheBull - Top Stock market and Finance Sites

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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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    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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