Archive for 2014

Congress Declares War Against Russia … Bipartisan Ridicule Follows

Courtesy of ZeroHedge. View original post here.

Submitted by George Washington.

Congress has pretty much just declared war on Russia … and is receiving condemnation and ridicule from conservatives and liberals alike.

Conservative former long-time congressman Ron Paul writes:

Today the US House passed what I consider to be one of the worst pieces of legislation ever.

 

***

 

In fact, the bill was 16 pages of war propaganda that should have made even neocons blush, if they were capable of such a thing.

 

These are the kinds of resolutions I have always watched closely in Congress, as what are billed as “harmless” statements of opinion often lead to sanctions and war. I remember in 1998 arguing strongly against the Iraq Liberation Act because, as I said at the time, I knew it would lead to war. I did not oppose the Act because I was an admirer of Saddam Hussein – just as now I am not an admirer of Putin or any foreign political leader – but rather because I knew then that another war against Iraq would not solve the problems and would probably make things worse. We all know what happened next.

 

That is why I can hardly believe they are getting away with it again, and this time with even higher stakes: provoking a war with Russia that could result in total destruction!

 

If anyone thinks I am exaggerating about how bad this resolution really is, let me just offer a few examples from the legislation itself:

 

The resolution (paragraph 3) accuses Russia of an invasion of Ukraine and condemns Russia’s violation of Ukrainian sovereignty. The statement is offered without any proof of such a thing. Surely with our sophisticated satellites that can read a license plate from space we should have video and pictures of this Russian invasion. None have been offered. As to Russia’s violation of Ukrainian sovereignty, why isn’t it a violation of Ukraine’s sovereignty for the US to participate in the overthrow of that country’s elected government as it did in February? We have all heard the tapes of State Department officials plotting with the US Ambassador in Ukraine to overthrow the government. We heard US Assistant Secretary of State Victoria Nuland bragging that the US spent $5 billion on regime change in


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FBR Capital Markets Analyst On IBM, Oracle Rumored Interest In FireEye: We Expect A Lot More Consolidation Over The Next Year In The Sector

Courtesy of Benzinga.

When asked about the Dealreporter rumor that both International Business Machines Corp. (NYSE: IBM) and Oracle Corporation (NYSE: ORCL) are interested in FireEye Inc (NASDAQ: FEYE), FBR Capital Markets Senior Analyst Daniel Ives told Benzinga he expects a lot more consolidation in the sector over the next year.

He said that FireEye, among other cyber-security companies, remains attractive as potential acquisition targets.

Traditional technology companies like IBM, Oracle, SAP and others are having trouble accelerating growth, Ives explained, so they need “more fuel in the engine” in areas like cybersecurity and big data.

“I think we’re kind of going into a massive potential phase of consolidation just within a lot of these spaces as these large, traditional tech stalwarts look for growth,” he said.

On the subject about whether or not FireEye would want to be sold, Ives pointed out that CEO David DeWalt has sold other companies of his, including McAfee and Documentum.

Posted-In: Cybersecurity Daniel Ives FBR Capital MarketsAnalyst Color News M&A Exclusives Tech





Aehr Test Systems Announces Changes To Its Board Of Directors

Courtesy of Benzinga.

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Aehr Test Systems (Nasdaq: AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced that John M. Schneider has joined the Company’s Board of Directors, effective December 3, 2014. Mr. Schneider is founder, President and CEO of Private Wealth Advisors. He replaces Mukesh Patel, who has served on the Aehr Test Systems board since 1999 and has resigned for personal reasons. The number of Aehr Test board members remains at seven.

“John is a successful entrepreneur with extensive knowledge and proven ability to initiate and sustain growth and we are delighted to have him join our board,” said Rhea Posedel, Chairman of Aehr Test Systems. “He has provided ongoing commitment, support and belief in Aehr Test Systems including participation in our recent common stock offering, with his ownership approaching 10 percent of our outstanding shares. I would also like to take this opportunity to thank Mukesh for more than 15 years of service bringing his invaluable technology and marketing expertise to the company and for his ongoing support as a large shareholder in the company and a significant participant in our recent stock offering.”

Gayn Erickson, President and CEO of Aehr Test Systems, said, “Having sat down and talked with John extensively, I am excited to welcome him to our team and believe now is a very good time for him to join the board. He will be a strong addition as we continue to build momentum for our key new products, which are aimed at capitalizing on the substantial emerging test market opportunities in automotive, mobility, communications, and data storage markets.”

Mr. Schneider founded Private Wealth Advisors, Inc. (PWA) in 2003 with $300 million in assets and managed the firm’s asset growth to approximately $1 billion in just over a decade. Based on the substantial growth of PWA, Mr. Schneider founded PWA Securities in 2008 to act as a broker-dealer for PWA. In addition, he founded PWA Real Estate in 2007. From an initial purchase of $14.5 million, the total value of all PWA Real Estate properties currently stands at approximately $160 million. He also serves on numerous boards in the Pittsburgh area.

Posted-In: News Management Press Releases





Fitch Ratings Has Positive Outlook On U.S. Auto Manufacturers

Courtesy of Benzinga.

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Fitch Ratings announced Monday that it “expects the credit profiles of U.S. auto manufacturers and suppliers to strengthen in 2015 despite slower growth in auto sales, as discussed in its outlook report published today. Fitch's ratings outlook is positive while the overall sector outlook is stable.”

Fitch forecasted “U.S. light vehicle sales of 16.8 million units in 2015, up 3 percent from its forecast 16.3 million in 2014 but below prerecession peak levels.”

Globally, the ratings firm expected “auto demand to increase modestly in 2015.” Fitch believed “that manufacturers will need to adjust from a growth-oriented environment in the U.S. to a more steady-state situation. This will test the pricing and production discipline that the industry generally demonstrated in the post-recession period.”

Fitch commented that General Motors Company (NYSE: GM) “is a candidate for an upgrade to investment grade status in 2015, despite ongoing legal issues around the company's recalls in 2014.” The company is currently rated BB+ with a Positive Outlook.

Ford Motor Company (NYSE: F) was also mentioned as an upgrade candidate along with several U.S. auto suppliers. Ford is currently rated BBB- with a  Positive Outlook.

General Motors closed Monday at $32.68, down 2.82 percent.

Ford Motor closed Monday at $15.43, down 1.72 percent.

Latest Ratings for GM

Date Firm Action From To
Oct 2014 Credit Suisse Maintains Underperform
Oct 2014 Susquehanna Initiates Coverage on Neutral
Oct 2014 Morgan Stanley

View More Analyst Ratings for GM
View the Latest Analyst Ratings

Posted-In: Fitch RatingsNews Analyst Ratings





Goldman Sachs On Chipotle Mexican Grill: Investors Willing To Pay Big Multiple For A Big Burrito

Courtesy of Benzinga.

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Karen Houlthouse of Goldman Sachs resumed coverage of Chipotle Mexican Grill, Inc. (NYSE: CMG) on Monday with a $790 price target.

“Not only is Chipotle Mexican Grill one of few concepts well positioned for the “real food” movement, but it has still significant untapped latent comp drivers,” Houlthouse wrote in a note. The analyst adds that the company can confront the movement through increased marketing spend, mobile initiatives, pricing power and long-term store economics.

Houlthouse adds that Chipotle Mexican Grill is one of the best multi-year comp stores in restaurants, despite risks on the cost front including food inflation. The analyst states that while food inflation is a concern, Chiptole Mexican Grill didn’t see much fallout from its previous round of price increases.

Houlthouse also states that millennials tend to have a below average opinion of food quality among restaurants with Chipotle Mexican Grill being an exception.

Houlthouse conducted a 15- to 20-year discounted cash flow analysis where the company operates 4,500 total units and calculated shares have an implied valuation of $830. The analyst adds that the calculation implies the company’s two concept restaurants (Shouphouse and Pizzeria Locale) are “free options,” essentially implying investors are getting the restaurant concepts for free.

Latest Ratings for CMG

Date Firm Action From To
Dec 2014 Goldman Sachs Initiates Coverage on Buy
Nov 2014 Citigroup Maintains Buy
Oct 2014 Wunderlich Maintains Hold

View More Analyst Ratings for CMG
View the Latest Analyst Ratings

Posted-In: Chipotle Mexican Grill Food Inflation Karen HoulthouseAnalyst Color Price Target Initiation Analyst Ratings





Mid-Day Losers From December 8: Digital River, Arista Networks, Baytex Energy, ITT Educational Services

Courtesy of Benzinga.

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Digital River, Inc. (NASDAQ: DRIV) -25% – Shares are lower as the company filed an 8-K granting Microsoft an extension to decide whether or not to extend a key agreement between the two companies.

Arista Networks Inc (NYSE: ANET) -11% – On Friday, Cisco Systems sued Arista accusing the company of infringing on an array of Cisco patents and copyrights associated with its networking equipment. Moreover, Citigroup lowered the price target to $85.

Baytex Energy Corp (USA) (NYSE: BTE) -12.6% – Shares are lower as oil continues to trend lower.

ITT Educational Services, Inc. (NYSE: ESI) -10% – Following a 35 percent gain on Friday, it appears profit takers have stepped in Monday.

Posted-In: Intraday Update Movers





UPDATE: Morgan Stanley Reiterates On Lowe's Companies As Most Roads Lead To Upside

Courtesy of Benzinga.

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In a report published Monday, Morgan Stanley analyst Simeon Gutman reiterated an Equal-Weight rating on Lowe’s Companies (NYSE: LOW), and raised the price target from $64.00 to $71.00.

In the report, Morgan Stanley noted, “LOW will likely stick to its 2015 EBIT margin goal of 9.7% and lay out new 3-year financial targets. Even if 9.7% is not realized next year (theStreet is at 9.3%), annual EPS growth should be high-teens+ for the forseeable future, implying a still solid risk/reward.”

Lowe’s Companies closed on Friday at $64.86.

Latest Ratings for LOW

Date Firm Action From To
Dec 2014 Morgan Stanley Maintains Equal-weight
Nov 2014 JP Morgan Maintains Overweight
Nov 2014 Citigroup Maintains Neutral

View More Analyst Ratings for LOW
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Simeon GutmanAnalyst Color Price Target Analyst Ratings





Earnings Scheduled For December 8, 2014

Courtesy of Benzinga.

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Pep Boys – Manny, Moe & Jack (NYSE: PBY) is projected to post its Q3 earnings at $0.12 per share on revenue of $512.55 million.

H&R Block (NYSE: HRB) is estimated to post a Q2 loss at $0.42 per share on revenue of $141.99 million.

Vail Resorts (NYSE: MTN) is expected to report a Q1 loss at $2.03 per share on revenue of $132.04 million.

ABM Industries (NYSE: ABM) is projected to post its Q4 earnings at $0.58 per share on revenue of $1.30 billion.

Diamond Foods (NASDAQ: DMND) is expected to post its Q1 earnings at $0.25 per share on revenue of $253.54 million.

IDT (NYSE: IDT) is projected to post its Q1 earnings at $0.42 per share on revenue of $415.00 million.

Liberty Tax (NASDAQ: TAX) is estimated to report a Q2 loss at $0.74 per share on revenue of $7.25 million.

Triangle Petroleum (NYSE: TPLM) is projected to report its Q3 earnings at $0.14 per share on revenue of $148.64 million.

Photronics (NASDAQ: PLAB) is estimated to post its Q4 earnings at $0.09 per share on revenue of $128.20 million.

Ingles Markets (NASDAQ: IMKTA) is expected to report its Q4 earnings.

Medley Capital (NYSE: MCC) is estimated to post its Q4 earnings at $0.38 per share on revenue of $36.73 million.

Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets





Swing trading portfolio – week of December 8th, 2014

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

Optrader 

Swing trading virtual portfolio

Reminder: OpTrader is available to chat with Members, comments are found below each post.</p></body></html>

 





Wall Street Moves To Put Taxpayers On The Hook For Derivatives Trades

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Wall Street has for some time attempted to put taxpayers on the hook for its derivatives trades. I highlighted this a year ago in the post: Citigroup Written Legislation Moves Through the House of Representatives. Here’s an excerpt:

Five years after the Wall Street coup of 2008, it appears the U.S. House of Representatives is as bought and paid for as ever. We heard about the Citigroup crafted legislation currently being pushed through Congress back in May when Mother Jones reported on it. Fortunately, they included the following image in their article:

 

 

Screen Shot 2014-12-05 at 3.32.12 PM

 

Unsurprisingly, the main backer of the bill is notorious Wall Street lackey Jim Himes (D-Conn.), a former Goldman Sachs employee who has discovered lobbyist payoffs can be just as lucrative as a career in financial services. The last time Mr. Himes made an appearance on these pages was in March 2013 in my piece: Congress Moves to DEREGULATE Wall Street.

Fortunately, that bill never made it to a vote on the Senate floor, but now Wall Street is trying to sneak it into a bill needed to keep the government running. You can’t make this stuff up. From the Huffington Post:

WASHINGTON — Wall Street lobbyists are trying to secure taxpayer backing for many derivatives trades as part of budget talks to avert a government shutdown.

 

According to multiple Democratic sources, banks are pushing hard to include the controversial provision in funding legislation that would keep the government operating after Dec. 11. Top negotiators in the House are taking the derivatives provision seriously, and may include it in the final bill, the sources said.

 

The bank perks are not a traditional budget item. They would allow financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp. — potentially putting taxpayers on the hook for losses caused by the risky contracts. Big Wall Street banks had typically traded derivatives from these FDIC-backed units, but the 2010 Dodd-Frank financial reform law required them to move many of the transactions to other subsidiaries that are not insured by taxpayers.

 

Last year, Rep. Jim Himes (D-Conn.) introduced the same provision under debate in the


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Zero Hedge

Will The US Slap Sanctions On Nord Stream 2?

Courtesy of ZeroHedge. View original post here.

Authored by Nick Cunningham via OilPrice.com,

There is a growing push in the U.S. Congress to slap sanctions on the Nord Stream 2 pipeline.

The pipeline under construction would carry Russian natural gas to Germany, and has been a lightning rod of controversy both in Europe and across the Atlantic. Many governments and officials from Eastern Europe fear deeper dependence on Russia for gas supplies, a sentiment echoed by the U.S. government. Meanwhile, many in Western Europe are less concerned,...



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Phil's Favorites

US is already fighting a conflict with Iran - an economic war that is hurting the wrong people

 

Embed from Getty Images

 

US is already fighting a conflict with Iran – an economic war that is hurting the wrong people

Courtesy of David Cortright, University of Notre Dame

Many are worried about the risk of war with Iran after the Trump administration leaked discussions of a troop deployment in response to claimed threats to U.S. warships in the region.

And in r...



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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

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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.

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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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