Archive for 2014

UPDATE: Raymond James: Oil Prices, Oil Stocks 'Within Weeks Of Bottoming'

Courtesy of Benzinga.

Related HES
Raymond James Looks For Bottom In Oil
Benzinga's Top Upgrades
Energy Stocks Move Higher as Oil Spikes (Fox Business)

Pavel Molchanov of Raymond James believes that oil prices and energy stocks are within weeks of bottoming, regardless of the outcome from OPEC's upcoming meeting on Thursday.

“That certainly does not mean that we envision a huge near-term oil rally, but even a period of stabilization would support recovery in energy stocks, particularly given the prospect of sector rotation into energy and out of the recently outperforming S&P sectors,” Molchanov wrote in a note on Monday while issuing two upgrades and downgrades.

Hess, Occidental Petroleum Upgraded

Molchanov upgraded shares of Hess Corp. (NYSE: HES) to Outperform from Market Perform while shares of Occidental Petroleum Corporation (NYSE: OXY) were upgraded to Strong Buy from Outperform.

The analyst notes that Hess and Occidental Petroleum are “by no means the most aggressive oil stocks” but the companies are “highly oil-centric” and have underperformed amid the energy sector since the end of June.

Chevron, Exxon Downgraded

Molchanov downgraded shares of Chevron Corporation (NYSE: CVX) to Outperform from Strong Buy while shares of Exxon Mobil Corporation (NYSE: XOM) were downgraded to Market Perform from Outperform.

The analyst notes that the two companies are “among the world's most conservative energy investments” and have held up “quite well” in recent months. However, with a “less violent” commodity backdrop, shares are unlikely to outperform as investors develop an appetite for “more offensive-type” investments.

Latest Ratings for HES

Date Firm Action From To
Nov 2014 Raymond James Upgrades Market Perform Outperform
Nov 2014 Credit Suisse Maintains Outperform
Oct 2014 ISI Group Upgrades Hold Buy

View More Analyst Ratings for HES
View the Latest Analyst Ratings

Posted-In: Chevron Exxon hess occidental petroleumAnalyst Color Upgrades Downgrades Analyst Ratings





ChinaCache Announces Strategic Partnership With Aspera To Provide Large Data File Transmission

Courtesy of Benzinga.

Related CCIH
Earnings Scheduled For November 19, 2014
Earnings Scheduled For August 19, 2014

ChinaCache International Holdings Ltd. (“ChinaCache” or the “Company”) (Nasdaq: CCIH), the leading total solutions provider of Internet content and application delivery services in China, today announced that it has formed a strategic partnership with Aspera to provide best-performance high-speed data transmission services for large files. Aspera, an IBM company, developed the technologies that move the world’s data at maximum speeds.

ChinaCache will combine its high quality CDN network service with Aspera’s FASP™ transmission technology to ensure high-speed transmission of large data files around the globe, with the added benefits of safety, controllability, cost-effectiveness and flexibility. The combination can increase the data transmission speed by 3 to 184 times, while enhancing the connectivity and stability of networks, as well as the security of data transmission. When sending large files, this high-speed file transmission service delivers peak performance even with poor network dynamics. The ChinaCache – Aspera solution addresses the long-distance transmission needs of television networks, research institutions, government agencies, financial institutions and top 500 enterprises.

“The unprecedented growth of file sharing demands in the age of big data brings higher requirements and challenges to network transmission ability. Partnering with Aspera, ChinaCache will provide clients with a world-class high-speed file transmission service and guarantee an optimal end-user experience through the premier FASP transmission technology,” said Mr. Song Wang, Founder, Chairman and Chief Executive Officer of ChinaCache.

Posted-In: News M&A Press Releases





UPDATE: Bank Of America Upgrades Banco Bilbao Vizcaya Argentaria

Courtesy of Benzinga.

Related BBVA
UPDATE: Deutsche Bank Upgrades Banco Bilbao Vizcaya Argentaria
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Bank of America upgraded Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE: BBVA) from Underperform to Neutral Monday and cut its price target from $11 to $10.49.

The analyst report noted that the share price is down 9 percent YTD and now offers little downside.

Analysts led by Sergio Gamez noted that “BBVA announced on 19 November the acquisition of 14.89 percent stake in Garanti from the Dogus group, increasing its share to 39.9 percent at a max TRY8.9/sh (no premium to the closing price).”

“To fund the transaction, BBVA declared a €2bn accelerated bookbuilding offer, implying a c.4 percent share-count increase. The deal adds c.1 percent to 2015-16E EPS and is NAPVS accretive on our estimates,” according to Gamez

Gamez observed that the “acquisition makes BBVA the main shareholder (39.9 percent) in a leading franchise (c.11percent market share) in the attractive Turkish banking sector. It also adds potential growth to BBVA’s P&L and increases the group’s geographical diversification.”

“Our main concern relates to geopolitical risk in Turkey and the franchises in Venezuela and Argentina,” the report concluded.

Banco Bilbao Vizcaya Argentaria recently traded at $10.60, up 2.32 percent.

Latest Ratings for BBVA

Date Firm Action From To
Nov 2014 Bank of America Upgrades Underperform Neutral
Oct 2014 Deutsche Bank Upgrades Hold Buy
Nov 2013 Bank of America Downgrades Neutral Underperform

View More Analyst Ratings for BBVA
View the Latest Analyst Ratings

Posted-In: Bank of America Sergio GamezAnalyst Color Upgrades Price Target Analyst Ratings





Bank Of America Downgrades Wesco Aircraft

Courtesy of Benzinga.

Related WAIR
Mid-Day Losers From November 21: GameStop, Wesco Aircraft, Aruba Networks, TASER, The Gap
Earnings Scheduled For November 20, 2014

Bank of America downgraded Wesco Aircraft Holdings Inc (NYSE: WAIR) from Buy to Underperform Monday and set a $26 price target after missing Q4 estimates.

Analyst Ronald J. Epstein derived the $26 price target “using a 17x one-year forward P/E multiple on CY15E earnings.”

“Our multiple is based on a weighted average mix of defense and commercial aerospace. We believe WAIR should trade at a slight premium to pure defense names and pure commercial aerospace names (at 13x and 15x, respectively) given its strategy and the company's positioning, which should benefit from an expanding commercial aerospace cycle,” according to Epstein.

The analyst note saw that “risks to the downside could come from an economic slowdown that would likely lower OEM production rates, higher oil prices that would likely derail air traffic growth and, therefore, aircraft demand, fewer ad hoc sales that would compress margins, and deeper cuts to the DoD budget than currently anticipated, which could impact key programs, such as the F-35.”

Epstein conclude that “if the commercial aerospace production ramp is more robust than we anticipate and/or the cuts to the DoD budget less severe than we anticipate, earnings could fare better than our projections and the stock could perform better. If margins fare better than we are forecasting, there could also be upside to our valuation.”

Wesco Aircraft Holdings recently traded at $14.45, up 3.36 percent.

Latest Ratings for WAIR

Date Firm Action From To
Nov 2014 Bank of America Downgrades Buy Underperform
Nov 2014 Barclays Downgrades Overweight Equal-weight
Nov 2014 Citigroup Maintains Buy

View More Analyst Ratings for WAIR
View the Latest Analyst Ratings

Posted-In: Bank of America Ronald J. EpsteinAnalyst Color Downgrades Price Target Analyst Ratings





Longbow Research Initiates Whole Foods Market With Underperform

Courtesy of Benzinga.

Related WFM
Whole Foods Market, Up 22% In 3 Days, Takes Breather
Did Whole Foods Call A Bottom In Its Own Stock Ahead Of Earnings?
Making Money With Charles Payne: 11/6/14 (Fox Business)

Analysts at Longbow Research initiated coverage on shares of Whole Foods Market (NASDAQ: WFM) with a Underperform rating.

The target price for Whole Foods Market is set to $37.

Whole Foods Market shares have dropped 14.06% over the past 52 weeks, while the S&P 500 index has gained 14.48% in the same period.

Whole Foods Market’s shares rose 1.13% to close at $48.23 on Friday.

Latest Ratings for WFM

Date Firm Action From To
Nov 2014 Longbow Research Initiates Coverage on Underperform
Nov 2014 William Capital Group Reiterates Outperform
Nov 2014 Citigroup Maintains Neutral

View More Analyst Ratings for WFM
View the Latest Analyst Ratings

Posted-In: Longbow ResearchInitiation Analyst Ratings





UPDATE: Bank Of America Upgrades Kate Spade

Courtesy of Benzinga.

Heather Balsky of Bank of America upgraded shares of Kate Spade & Co (NYSE: KATE) to Buy from Neutral on Monday with a price target raised to $34 from a previous $33.

“Based on our handbag survey results, we think Kate Spade can offset fewer markdown sales with greater full price sell-through, and continue to post comp and earnings beats,” Balsky wrote in a note to clients.

The analyst adds that a projected 45 percent growth outlook on higher comp and margins are not currently factored in to share prices and that the company can see “robust” comp growth as promotions decline.

According to an internal consumer survey, Balsky concluded that fewer Kate Spade customers seek deals and promotions as purchasing an item with a superior fashion and design is more important. The analyst adds that the consumer survey helps to explain the company’s third-quarter 15 percent comp gain, despite less discounting and ongoing weak mall traffic.

Balsky expects the habits of Kate Spade consumers to continue in to 2015. The analyst is modelling 16 percent comps in fiscal 2015, above the consensus estimate of 13.5 percent.

Looking further, the analyst expects fiscal 2016 adjusted EBITDA margins to improve an additional 550 basis points to 18.2 percent from fiscal 2014 estimates. Within the next five years, the analyst expects margins to reach the low 20s.

Latest Ratings for Kate

Date Firm Action From To
Nov 2014 Bank of America Upgrades Neutral Buy
Nov 2014 Barclays Maintains Overweight
Nov 2014 Bank of America Maintains Neutral

View More Analyst Ratings for Kate
View the Latest Analyst Ratings

Posted-In: Bank of America Consumers Heather Balsky Kate SpadeAnalyst Color Upgrades Price Target Analyst Ratings





Sarepta Therapeutics Shares Trending Higher Amid Sector M&A

Courtesy of Benzinga.

Shares of Sarepta Therapeutics Inc (NASDAQ: SRPT) are in play on Monday amid consolidation announcements within the sector.

On Monday, BioMarin Pharmaceutical Inc. announced the company will acquire Prosensa Holding NV for roughly $680 million.

On the heels on the announcement, shares of Sarepta were up 10 percent.

Posted-In: News M&A Pre-Market Outlook





Benzinga's Top Downgrades

Courtesy of Benzinga.

Related CBI
Goldman Sachs Downgrades Chicago Bridge & Iron To Sell
CB&I Announces Plant Services Contract Renewal By Arizona Public Service
How TRIA Renewal Could Impact Construction (Fox Business)

Related XOM
Raymond James Downgrades Exxon Mobil To Market Perform
Dow 30 Stock Roundup: Walmart, Cisco Post In-Line Results, Boeing Gets $8.5B Order
Making Money With Charles Payne: 11/19/14 (Fox Business)

Analysts at Goldman Sachs downgraded Chicago Bridge & Iron Company N.V. (NYSE: CBI) from Neutral to Sell. The price target for Chicago Bridge & Iron has been lowered from $61 to $46. Chicago Bridge & Iron’s shares closed at $57.09 on Friday.

Analysts at Raymond James downgraded Exxon Mobil (NYSE: XOM) from Outperform to Market Perform and removed the price target of 106. Exxon Mobil’s shares closed at $96.81 on Friday.

Analysts at JMP Securities downgraded Cash America International (NYSE: CSH) from Market Outperform to Market Perform. Cash America’s shares closed at $25.20 on Friday.

Analysts at Bank of America downgraded Standard Pacific (NYSE: SPF) from Buy to Neutral. The price target for Standard Pacific has been lowered from $9 to $8.50. Standard Pacific’s shares closed at $7.58 on Friday.

Latest Ratings for CBI

Date Firm Action From To
Nov 2014 Goldman Sachs Downgrades Neutral Sell
Nov 2014 Credit Suisse Maintains Neutral
Oct 2014 Credit Suisse Maintains Neutral

View More Analyst Ratings for CBI
View the Latest Analyst Ratings

Posted-In: Top DowngradesDowngrades Analyst Ratings





UPDATE: Bank Of America Downgrades Standard Pacific Corp.

Courtesy of Benzinga.

Related SPF
Benzinga's Top Downgrades
Bank of America Downgrades Standard Pacific To Neutral

In a note released Monday, Bank of America analyst Michael Roxland downgraded shares of Standard Pacific Corp. (NYSE: SPF) from Buy to Neutral and lowered the price target from $9 to $8.50.

Roxland commented, "Our thesis on SPF had centered on the company's ability to maintain gross margins at higher levels than it has historically while also experiencing better order growth than peers given its positioning and targeted demographic." He added, "While we still believe the company will post strong gross margins and order growth long-term, in the near-term, SPF is currently experiencing some headwinds".

Looking on the bright side, Roxland noted Standard Pacific has undertaken a number of initiatives that, if successful, could ultimately benefit the company. Included in these initiatives are a share buyback program and a cost take-out.

Latest Ratings for SPF

Date Firm Action From To
Nov 2014 Bank of America Downgrades Buy Neutral
Oct 2014 Compass Point Maintains Buy
Sep 2014 JP Morgan Downgrades Neutral Underweight

View More Analyst Ratings for SPF
View the Latest Analyst Ratings

Posted-In: Bank of America Michael RoxlandAnalyst Color Downgrades Price Target Analyst Ratings





Where Is China On The Map Exactly?

Courtesy of The Automatic Earth


Arthur Siegel Bethlehem-Fairfield shipyards, Baltimore, MD May 1943

A lot of people these days vent their opinions on what’s happening with the Chinese economy, and the opinions are so all over the place they could hardly be more different. Which is interesting, to say the least. Apparently it’s still very hard to understand what does happen ‘over there’.

And I don’t at all mean to suggest that I would know better than Morgan Stanley’s former Asia go-to-man Stephen Roach, or hedge funder Hugh Hendry, or Bob Davis, who just spent 4 years in the country for the Wall Street Journal, or Gwynn Guilford at Quartz, or local Reuters correspondents. It’s just that between them, they disagree so vastly you’d think they’re playing a game with your mind.

Me, personally, I think China’s official economic data should be trusted even less – if possible – than those of most other nations, including Japan, EU+ and the US. And therefore the rate cut last week, and the ones that look to be in the offing soon, constitute neither an act of confidence nor an confident act. China may well already be doing a lot worse than we think.

So where are we right now with all this, what DO we know? The best approach seems to be, as always, to follow the money. Let’s start with Reuters today:

China Ready To Cut Rates Again On Fears Of Deflation

China’s leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making. Friday’s surprise cut in rates, the first in more than two years, reflects a change of course by Beijing and the central bank, which had persisted with modest stimulus measures before finally deciding last week that a bold monetary policy step was required to stabilize the world’s second-largest economy.

Economic growth has slowed to 7.3% in the third quarter and policymakers feared it was on the verge of dipping below 7% – a rate not seen since the global financial crisis. Producer prices, charged at


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Zero Hedge

Auto Shares Surge As Fiat, Renault Confirm Merger Talks

Courtesy of ZeroHedge. View original post here.

With President Trump in Japan for a state visit and most of Europe headed to the polls to vote in the quinquennial EU Parliamentary elections, there was enough news to keep market watchers occupied during what was supposed to be a quiet holiday weekend in the US. 

But on top of these political headlines, on Saturday afternoon, the news broke that Italian-American carmaker Fiat Chrysler had approached France's Renault with a merger proposal that would leave the shareholders of each carmaker with half of the combined company, in a tie-up that would create the world's third-largest au...



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Phil's Favorites

Trump and the problem with pardons

 

Trump and the problem with pardons

Courtesy of Andrew Bell, Indiana University

As a veteran, I was astonished by the recent news that President Trump may be considering pardons for U.S. military members accused or convicted of war crimes. But as a scholar who studies the U.S. military and combat ethics, I understand even more clearly the harmful long-term impact such pardons can have on the military.

My researc...



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Insider Scoop

Jefferies Sees 60-Percent Upside In Aphria Shares, Says Buy The Dip

Courtesy of Benzinga.

After a red-hot start to 2019, Canadian cannabis producer Aphria Inc (NYSE: APHA) has run out of steam, tumbling more than 31 percent in the past three months.

Despite the recent weakness, one Wall Street analyst said Friday that the stock has 30-percent upside potential. 

The Analyst

Jefferies analyst ...



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Kimble Charting Solutions

DAX (Germany) About To Send A Bearish Message To The S&P 500?

Courtesy of Chris Kimble.

Is the DAX index from Germany about to send a bearish message to stocks in Europe and the States? Sure could!

This chart looks at the DAX over the past 9-years. It’s spent the majority of the past 8-years inside of rising channel (1), creating a series of higher lows and higher highs.

It looks to have created a “Double Top” as it was kissing the underside of the rising channel last year at (2).

After creating the potential double top, the DAX index has continued to create a series of lower highs, while experiencing a bearish divergence with the S...



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Chart School

Brexit Joke - Cant be serious all the time

Courtesy of Read the Ticker.

Alistair Williams comedian nails it, thank god for good humour! Prime Minister May the negotiator. Not!


Alistair Williams Comedian youtube

This is a classic! ha!







Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, ...

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Digital Currencies

Cryptocurrencies are finally going mainstream - the battle is on to bring them under global control

 

Cryptocurrencies are finally going mainstream – the battle is on to bring them under global control

The high seas are getting lower. dianemeise

Courtesy of Iwa Salami, University of East London

The 21st-century revolutionaries who have dominated cryptocurrencies are having to move over. Mainstream financial institutions are adopting these assets and the blockchain technology that enables them, in what ...



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Biotech

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

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

 

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

A map of DNA with the double helix colored blue, the landmarks in green, and the start points for copying the molecule in red. David Gilbert/Kyle Klein, CC BY-ND

Courtesy of David M. Gilbert, Florida State University

...



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ValueWalk

More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...



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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

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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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

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Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

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About Phil:

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

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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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