Archive for 2015

Study Shows Lululemon Is Building Momentum; This Pro Is Selling Puts

Courtesy of Benzinga.

Related LULU
Where Wall Street Is Looking For Earnings Growth This Week
5 Things To Consider When Preparing For A Santa Claus Rally
Lululemon in the spotlight with earnings on deck (Seeking Alpha)

  • Shares of Lululemon Athletica inc (NASDAQ: LULU) have been trending lower in the last three months and are down 25 percent since September 8.
  • MKM Partners’ Roxanne Meyer maintained a Buy rating on the company, with a price target of $69.
  • The company is poised to benefit from the improvement in its supply chain and increased purchase intentions of shoppers, Meyer stated.

Lululemon Athletica has reported its 3Q EPS at $0.38, marginally ahead of its guided range of $0.35-$0.37. The company is expected to report 10 percent comps, a 340 basis point reduction in gross margin and progress on closing the gap between inventory and sales, analyst Roxanne Meyer said.

The fourth quarter has started off well, with benefits from the company’s efforts to improve the supply chain beginning to trickle in. “Adverse weather, Canadian FX impact and mall traffic remain as overhangs,” Meyer added.

In the report MKM Partners noted, “Our Buy thesis on LULU is based on our view of above-Street, 23% EPS growth over the next few years driven by top line and margin expansion.” The company’s comps are expected to increase as it boosts its assortment.

Lululemon Athletica is also expected to benefit from the current spending and the additional spending intentions of shoppers for the Holidays.

“LULU's brand positioning relative to others along quality, fit and innovation is particularly impressive. The majority of consumers view LULU either the same or better vs. other brands as it relates to overall merchandise, quality, fit and innovation, with a 5% uptick noted in favorability vs. September,” Meyer wrote.

Latest Ratings for LULU

Date Firm Action From To
Nov 2015 FBR Capital Downgrades Market Perform Underperform
Oct 2015 Wells Fargo Assumes Market Perform
Oct 2015 Credit Suisse Upgrades Neutral Outperform

View More Analyst Ratings for LULU
View the Latest Analyst Ratings

Posted-In: MKM Partners Roxanne MeyerAnalyst Color Long Ideas Reiteration Analyst Ratings Trading Ideas





Benzinga's Weekend M&A Chatter

Courtesy of Benzinga.

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday December 4 through Sunday December 6, 2015:

Report of Potential Merck Bid for Relypsa

The Rumor:
Shares of Relypsa, Inc. (NASDAQ: RLYP) surged higher Friday, on a report from Street Insider that Merck & Co (NYSE: MRK) was preparing to submit an offer for the Redwood City, CA biotech company. No price was mentioned.

A source familiar with the situation, told Benzinga that three to four companies were evaluating Relypsa. Relypsa investor relations declined comment, while Merck did not respond to a request for comments.

Relypsa rose more than 30% Friday, closing at $29.14.

Harley Davidson Rises on LBO Speculation

The Rumor:
Harley Davidson shares rose Friday, on unconfirmed market chatter that the motorcycle maker was the object of leveraged buyout interest.

The Street reported the company responded to the chatter, saying it “periodically been the subject of marketplace speculation” and it was the company’s policy not to comment on rumors.

Harley Davidson rose 1.4% Friday, closing at $47.66.

Global-Tech Advanced Innovations Announces Merger Agreement for ‘Going Private’ Transaction @$8.85/Share

The Deal:
Global-Tech Advanced Innovations Inc. (NASDAQ: GAI) announced Friday, that it has entered into an agreement and plan of merger with Timely Star Limited and Timely Merit Limited for $8.85 per share in cash. The buyer group includes company President and CEO John C.K. Sham.

The deal expected to close during Q1 of 2016.

Global-Tech Advanced Innovations closed at $6.16 Friday, up 1%.

Posted-In: News Rumors M&A Movers





GE Terminates Agreement to Sell Appliances Business to Electrolux; GE to Receive $175M Breakup Fee

Courtesy of Benzinga.

Related GE
General Electric's New Marketing Strategy? Live TV Only
US Stock Futures Surge; All Eyes On Jobs Report
GE takes Electrolux deal off the table (Seeking Alpha)

GE (NYSE: GE) announced today it has terminated its agreement to sell its
Appliances business to Electrolux (OTC: ELUXY) and will now pursue other options to
sell the Appliances business.

GE is entitled to a break-up fee of $175 million from Electrolux. The
Appliances business is performing well and GE will continue to run the
business while it pursues a sale.

About GE

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming
industry with software-defined machines and solutions that
are connected, responsive and predictive. GE is organized around a
global exchange of knowledge, the “GE Store,” through which each
business shares and accesses the same technology, markets, structure and

See full press release





The Rise Of The Politics Of Fear

[The Power of Nightmares is truly worth watching when you have some free time... ~ Ilene]

Courtesy of ZeroHedge. View original post here.

"In the past, politicians promised to create a better world. They had different ways of achieving this but their power and authority came from the optimstic visions they offered their people. Those dreams failed. Today, people have lost faith in ideologies. Increasingly politicians are seen simply as mannequins. But now they have discovered a new role that restores that power and authority. Instead of delivering dreams… politicians promise to protect us… for life."

As DailyMotion notes, The Power of Nightmares, subtitled The Rise of the Politics of Fear, is a BBC documentary film series, written and produced by Adam Curtis. Its three one-hour parts consist mostly of a montage of archive footage with Curtis's narration. The series was first broadcast in the United Kingdom in late 2004 and has subsequently been broadcast in multiple countries and shown in several film festivals, including the 2005 Cannes Film Festival.

The films compare the rise of the Neo-Conservative movement in the United States and the radical Islamist movement, making comparisons on their origins and claiming similarities between the two.

More controversially, it argues that the threat of radical Islamism as a massive, sinister organised force of destruction, specifically in the form of al-Qaeda, is a myth perpetrated by politicians in many countries – and particularly American Neo-Conservatives – in an attempt to unite and inspire their people following the failure of earlier, more utopian ideologies.

11 years later and this 'strategy' has escalated.. and has never been more crucial to comprehend.

Part 1…

Part 2…

Part 3…

h/t ILLILLILLI





Get Rid of ISIS Using This ‘One Weird Trick’

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Dan Sanchez via DanSanchez.me,

You’ve seen those internet ads that offer “one weird trick” for eliminating belly fat or boosting testosterone, right? Well, here’s one weird trick for getting rid of ISIS and boosting our security from terrorism. The “trick” is non-intervention. And it is only weird in the sense that it is so uncommon in this age of war. Nonetheless, it works.

And it will work against ISIS because it was intervention that propelled its rise and it is intervention that sustains it. Non-intervention would eliminate ISIS by simply withholding its fuel and withdrawing its props.

The “one weird trick” has three easy steps. These steps are only “easy” for Westerners, because they basically amount to us refraining from constantly fucking things up. Once we get out of their way, the hard work will be done by locals, which is as it should be.

Step 1: The West should stop supporting the jihadist-led Syrian insurgency and stop supporting the regional allies (Turkey, Saudi Arabia, etc) that are also supporting it. With the flow of weapons and money cut off, rebels will defect and the ground forces of the secular Syrian regime that the U.S. has been idiotically trying to overthrow will be able to push ISIS and Syrian Al Qaeda out of Syria.

Step 2: The U.S. should stop supporting the sectarian Shi’ite government in Iraq. Only when that flow of weapons and money is also halted will Baghdad be forced to compromise with the Iraqi Sunnis they have been brutally persecuting for a decade. And only then will the Sunni tribes feel they can afford to turn against ISIS again, as they did in 2006. This will give the terrorists fleeing Syria nowhere to run.

Step 3: The West should stop directly bombing Syria and Iraq. Such attacks inevitably massacre civilians, and thereby only strengthen ISIS. Civil society is thus weakened and less capable of resisting the hardened extremists. Plus, more Muslim youth are thus radicalized by atrocity and more susceptible to extremist recruitment.

More American bootsEuropean bombsTurkish guns, and Saudi money will only feed the fire that fuels ISIS and make our cities more vulnerable to terrorist attacks. Just stop constantly subsidizing…
continue reading





It Begins: Desperate Finland Set To Unleash Helicopter Money Drop To All Citizens

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

With Citi’s chief economist proclaiming “only helicopter money can save the world now,” and the Bank of England pre-empting paradropping money concerns, it appears that Australia’s largest investment bank’s forecast that money-drops were 12-18 months away was too conservative.

Over the last few months, in a prime example of currency failure and euro-defenders’ narratives, Finland has been sliding deeper into depression. Almost 7 years into the the current global expansion, Finland’s GDP is 6pc below its previous peak. As The Telegraph reports, this is a deeper and more protracted slump than the post-Soviet crash of the early 1990s, or the Great Depression of the 1930s. And so, having tried it all, Finnish authorities are preparing to unleash “helicopter money” to save their nation by giving every citizen a tax-free payout of around $900 each month!

Just over two years ago, when the world was deciding who would be Bernanke Fed Chair replacement, Larry Summers or Janet Yellen (how ironic that Larry Summers did not get the nod just because a bunch of progressive economists thought he would not be dovish enough) we wrote about a different problem: with the end of QE3 upcoming and with the inevitable failure of the economy to reignite (again), we warned that there remains one option after (when not if) QE fails to stimulate growth: helicopter money.

While QE may be ending, it certainly does not mean that the Fed is halting its effort to “boost” the economy. In fact… the end of QE may well be simply a redirection, whereby the broken monetary pathway, one which uses banks as intermediaries to stimulate inflation (supposedly a failure according to the economist mainstream), i.e., “second-round effects”, is bypassed entirely and replaced with Plan Z, aka “Helicopter Money” mentioned previously as an all too real monetary policy option by none other than Milton Friedman and one Ben Bernanke. This is also known as the nuclear option.

Today Finland needs the nuclear option. As The Telegraph explained, nobody can accuse Finland of being spendthrift, or undisciplined, or technologically backward, or corrupt, or captive of an entrenched oligarchy, the sort of accusations levelled against the Greco-Latins.

The country’s public debt is 62pc of GDP, lower than in Germany. Finland has long been held up as the EMU poster child


continue reading





“Don’t Believe The Hope” – When Forward Guidance Becomes Forward Mis-Direction

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Joseph Calhoun via Alhambra Investment Partners, 

When a problem comes along

You must whip it

 Before the cream sets out too long
You must whip it

When something’s goin’ wrong

You must whip it – Devo

Did anyone get the license plate of the truck that hit the bulls last Thursday? If not, maybe you managed to catch a glimpse of it when it backed over the bears on Friday. I have it on good authority the driver was an Italian by the name of Mario Draghi. Mario’s German buddies managed to sober him up for a press conference Thursday but by Friday he was in New York and back on the sauce. Meanwhile, Janet Yellen spent the week explaining why she was going to take the ladle out of the punchbowl before Santa gets down the chimney. By the end of the week, traders were getting whiplash treatment and stocks were right back where they started.

The market came into last week positioned for a big new dollop of monetary easing from the ECB. With the Fed poised to hike and the ECB ready to ease, the obvious trade was short Euros and long US dollars, most often in the form of US Treasuries but with a few FANG stocks and a call on the DAX thrown in for good measure. After last month’s meeting Draghi hinted that more easing was on the way and traders took him at his word. One wonders, with the benefit of hindsight, why he wasn’t questioned more about why he didn’t just ease at that last meeting. It seems obvious now that he wasn’t having any luck convincing the rest of the ECB to go along with his punchbowl spiking ways. And by the rest of the ECB, I mean the Germans who have an innate bias against anything that might turn into too much fun.

So, when Draghi offered up his weak tea of slightly more negative interest rates and a six month extension of QE, all those short Euro/long Dollar trades suddenly looked rather crowded, foolish and not such a sure thing after all. And just like that, with visions of their already reduced bonuses dancing in their heads, traders started buying Euros, selling Treasuries and basically getting the heck out, price be damned. By the end of the day, the Euro was up four handles from 105…
continue reading





A Beleaguered Wal-Mart Sues A Broke Puerto Rico For “Astonishing” Tax Hike

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

It’s always amusing when unforeseen circumstances conspire to bring two previously disparate stories together in one hilarious boondoggle. 

As regular readers are no doubt aware, Puerto Rico is broke. “Let us be clear: We have no cash left,” governor Alejandro Garcia Padilla told Congress last week, after the commonwealth used an absurd revenue clawback end-around to avoid defaulting on some $345 million in debt that came due on Tuesday. 

The island owes another $300 million on January 1st and what might this week’s payment so important was that of the $354 million coming due, around $273 million was GO debt, and defaulting on that would mean a cascade of ugly litigation. 

Of course the use of the clawback – which effectively allows the island to divert revenue earmarked for other bonds to GO debt repayments – is a bit like Greece tapping its IMF reserves to pay the IMF. That is, there’s a palpable sense of desperation here and the situation is going to get immeasurably worse without some manner of federal intervention. 

Ok, so that’s Puerto Rico. 

Regular readers are also no doubt aware that Wal-Mart has gotten itself into trouble this year after bowing to calls for increased wages for its lowest-paid employees. Those wage hikes (which are set to cost the retailer around $1.5 billion over two years) pinched margins, prompting the company to tighten the screws on suppliers with a series of measures that culminated in Wal-Mart demanding that its vendors pass on any savings they might have derived from the yuan deval. 

The company also learned that when you hike wages for some employees but not others, the wage hierarchy gets thrown out of whack prompting workers higher up the ladder to either quit, or demand more money to restore the compensation pecking order. 

Unable to cope and unable to squeeze anything else out of the supply chain without triggering a veritable vendor mutiny, Wal-Mart was forced to cut hours and then, to cut jobs at the Bentonville office. 

It all fell apart in October when the retailer slashed its guidance, triggering a harrowing decline in the stock. 

Well don’t look now, but a beleaguered Wal-Mart is suing a beleaguered Puerto Rico after the latter’s attempt to lift government revenue by raising taxes pushed the company’s tax burden
continue reading





Marine Le Pen’s National Front Ahead in 6 of 13 French Regions in First Round of Voting; Shock but Not Surprising; Stop Le Pen Movement Mounts

Courtesy of Mish.

With polls closed but not all votes counted, the Marine Le Pen’s Eurosceptic, anti-immigration National Front party is expected to win the first round of voting in six of France’s 13 regions.

There will be a second round vote next Sunday in all of the regions because no party captured more than 50% of the vote in any region.

Projections now show the National Front, which has never won a regional election, can win as many as four regions in the final vote.

No Surprise Shock

This was a Historic Result for the National Front but it does need follow-through next week.

France’s far-right National Front party appeared on course for a historic victory in the first round of regional elections on Sunday, winning more than 30 per cent of the vote and delivering a stunning blow to the country’s traditional parties.

An early, and partial, official count suggested the FN was ahead in six of the country’s 13 regions. Projections suggest the result, if confirmed, could be sufficient to win up to four regions in the second round on Sunday.

Ms Le Pen, described the result as “magnificent”, adding that it showed that the FN was now “without contest the first party of France”.

She was leading as FN candidate in the northern region of France with more than 40 per cent of the vote while Marion Marechal-Le Pen, her niece, was also in the lead with more than 40 per cent of the vote in the south-eastern region of the country.

Victory in even just one of France’s 13 regions — definitive results will be known after next Sunday’s second-round vote — would be a first for the FN, helping to build momentum as it looks to the 2017 presidential contest, in which Ms Le Pen intends to run.

James Shields, professor of French politics at Aston University said: “These results are a shock but they shouldn’t be a surprise.

Former president Nicolas Sarkozy’s centre-right Republicans party and allies were leading in four regions and had a national count of 27.4 per cent, according to the partial count.



Continue Here





What Polarized Politics Teaches Us About Stock Market Uncertainty

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Excerpted from Ben Hunt’s Epsilon Theory blog,

It’s important to respect the power of econometric models. It’s important to work with econometric models. But I don’t care who you are … whether you’re the leader of the world’s largest central bank or you’re the CIO of an enormous pension fund or you’re the world’s most successful financial advisor … it’s a terrible mistake to trust econometric models. But we all do, because we’ve been convinced by modeling’s henchman, The Central Tendency.

What is the The Central Tendency? It’s the overwhelmingly widespread and enticing idea that there’s a single-peaked probability distribution associated with everything in life, and that more often than not it looks just like this:

It’s our acceptance of The Central Tendency as The Way The World Works that transforms our healthy respect for econometric modeling into an unhealthy trust in econometric modeling. It’s what creates our unhealthy trust in projections of asset price returns. It’s what creates our unhealthy trust in projections of monetary policy impact.

It also creates an unhealthy trust in the mainstream tools we use to project risk and reward in our investment portfolios.

I’m not saying that The Central Tendency is wrong. I’m saying that it is (much) less useful in a world that is polarized by massive debt and the political efforts required to maintain that debt. I’m saying that it is (much) less useful in a market system where exchanges have been transformed into for-profit data centers and liquidity is provided by machines programmed to turn off when profit margins are uncertain.

Polarized Politics

The world is awash in debt, with debt/GDP levels back to 1930 levels and far higher than 2007 levels prior to the Great Recession. What’s different today in 2015 as compared to the beginning of the Great Recession, however, is that governments rather than banks are now the largest owners (and creators!) of that debt.

Governments have more tools and time than corporations, households, or financial institutions when it comes to managing debt loads, but the tools they use to kick the can down the road always result in a more polarized electorate. Why? Because the tools of status quo debt maintenance, particularly as they inflate financial asset prices and perpetuate financial leverage, always exacerbate income and wealth inequality. I’m not saying…
continue reading





 
 
 

Phil's Favorites

A doctor shares 7 steps he'll review to decide when and where it's safe to go out and about

 

A doctor shares 7 steps he'll review to decide when and where it's safe to go out and about

The Inn at Little Washington in Washington, Virginia, shown May 20, 2020, plans to use mannequins in its dining room to enforce social distancing when it reopens at the end of the month. Olivier Douliery/AFP via Getty Images

Courtesy of William Petri, University of Virginia

As we return to some degree of normalcy after weeks of social distancing, we all need a plan. As an immunologist, I’ve given this a lot of ...



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Biotech/COVID-19

A doctor shares 7 steps he'll review to decide when and where it's safe to go out and about

 

A doctor shares 7 steps he'll review to decide when and where it's safe to go out and about

The Inn at Little Washington in Washington, Virginia, shown May 20, 2020, plans to use mannequins in its dining room to enforce social distancing when it reopens at the end of the month. Olivier Douliery/AFP via Getty Images

Courtesy of William Petri, University of Virginia

As we return to some degree of normalcy after weeks of social distancing, we all need a plan. As an immunologist, I’ve given this a lot of ...



more from Biotech/COVID-19

Zero Hedge

18 Million Jobs At Risk Of Permanent Loss: What Happens To Small Businesses When The Bailout Money Is Spent

Courtesy of Nick Colas of DataTrek Research

American small businesses are going to bear the brunt of the COVID Crisis and they employ 47% of the entire US workforce. Some will bounce back quickly (e.g. health care, construction, professional services) but accommodation/food service and retail will not. There are 18 million workers attached to small businesses there. Bottom line: at this early point in the cycle, large businesses have to find their footing because that’s what will set the floor on small business activity. The sooner that happens, the sooner small business America can start to recover.

We continue to worry – a lot – about how US small ...



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Chart School

Is this your local response to COVID 19

Courtesy of Read the Ticker

This is off topic, but a bit of fun!


This is the standard reaction from the control freaks.








This is the song for post lock down!







What should be made mandatory? Vaccines, hell NO! This should be mandatory: Every one taking their tops off in the sun, they do in Africa!

Guess which family gets more Vitamin D and eats less sugary carbs, TV Show



...



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ValueWalk

Hazelton Capital Partners 1Q20 Commentary: Long Renewable Energy Group

By Jacob Wolinsky. Originally published at ValueWalk.

Hazelton Capital Partners commentary for the first quarter ended April 30, 2020, discussing their current portfolio holdings Renewable Energy Group, Apple and Berkshire Hathaway.

Q1 2020 hedge fund letters, conferences and more

Dear Partner,

Hazelton Capital Partners, LLC (the “Fund”) returned -23.8% from January 1, 2020 through March 31, 2020. By comparison, the S&P 500 returned -19.4% during the same quarter.

Before reviewing the 1st quarter of 2020 and Hazelton Capital Partners’ portfolio, my sincere hope is that everyone, their family, friends, a...



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The Technical Traders

Gold Stocks Are Overbought. You Don't Want Prices to Go Straight Up

Courtesy of Technical Traders

Bill Powers of MiningStockEducation.com talks with a professional trader and market commentator Chris Vermeulen says gold stocks are overbought and need a breather which would be good for the overall upward trend.

Chris shares how he has and is trading the junior gold sector. He called the recent February 24th top in the gold stocks before the March crash. And now he is warning to a top in some gold-stock positions during an expected pullback.

Chris also addresses whether a lot of the gap-up’s in many gold...



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Kimble Charting Solutions

Doc Copper Counter-Trend Rally Could Peak Here, Says Joe Friday

Courtesy of Chris Kimble

Could ole Doc Copper be sending an important message about the overall health of the global economy and the stock market in the next couple of weeks? It appears it could!

This chart looks at Copper futures on a weekly basis over the past 7-years. Doc Copper looks to have double topped in late 2017 and early 2018. After the double top, Copper has continued to create a series of lower highs, which sends a bearish divergence message to stocks.

Numerous highs and lows have taken place along the line (1) over the past 5-years. The rally off the March lows ...



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Digital Currencies

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

 

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

App-etising? LDprod

Courtesy of Michael Rogerson, University of Bath and Glenn Parry, University of Surrey

Food supply chains were vulnerable long before the coronavirus pandemic. Recent scandals have ranged from modern slavery ...



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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

http://www.insidercow.com/ more from Insider

Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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. Contact Ilene to learn about our affiliate and content sharing programs.