Archive for 2016

Benzinga's M&A Chatter for Monday January 11, 2016

Courtesy of Benzinga.

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday January 11, 2016:

Shire to Combine With Baxalta; Baxalta Shareholders Will Receive $18 Cash, 0.1482 Shire ADS Per Share

The Deal:
Shire plc (NASDAQ: SHPG) and Baxalta Incorporated (NASDAQ: BXLT) announced Monday, that the boards of directors of both companies have agreed that Shire will combine with Baxalta, in a deal valued at approximately $32 billion. Baxalta shareholders will receive $18.00 in cash and 0.1482 Shire ADS per Baxalta share.

The transaction is expected to close mid-2016.

Baxalta closed at $39.10 on Monday down 2.27%.

NorthStar Asset Management to Explore Strategic Alternatives

The Strategic Review:
The Board of Directors of NorthStar Asset Management Group Inc. (NYSE: NSAM) announced Monday that it has hired Goldman, Sachs to assist in exploring potential strategic alternatives.

NorthStar Asset Management closed at $11.59 on Monday, up 10.8%.

Apollo Global Management in Talks to Acquire Apollo Education for ~$1B

The Rumor:
Apollo Global Management LLC (NYSE: APO) is in advanced talks to acquire Apollo Education Group Inc. (NASDAQ: APOL), according to
sources as reported by the Wall Street Journal on Monday. The sources said a deal would be valued at approximately $1 billion and could be reached in the next few weeks.

Apollo Education closed at $6.38 on Monday, down 3.19%.

Posted-In: News Rumors M&A Movers

4 Stocks Moving In Monday's After-Hours Session

Courtesy of Benzinga.

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Shares of Alcoa Inc (NYSE: AA) were trading up more than 2.6 percent in Monday's after-hours session, following the announcement of the company's fourth quarter fiscal 2015 financial results. The mid-cap lightweight metals manufacturer reported earnings of $0.04 per share on revenue of $5.245 billion, in line with the Street's consensus estimate of $0.04 per share and $5.217 billion.

It should be noted that while investors were relieved with the results, earnings fell 88 percent year-over-year while revenue dropped 18 percent, driven mostly by depressed aluminum prices.

Apollo Education Group Inc (NASDAQ: APOL) also reported its earnings, before the market opened. Results came in below expectations, driving the stock down 3.19 percent during the day. Shares recuperated more than 20 percent after the bell rang, following a Dow Jones report about the company being in "advanced" talks with Apollo Global Management LLC (NYSE: APO), for the latter to buy the former for roughly $1 billion.

Another big gainer was A Schulman Inc (NASDAQ: SHLM), up more than 14 percent, recuperating some of the ground lost during the day (24.82 percent) after reporting earnings and revenue below consensus estimates.

Student Transportation Inc (NASDAQ: STB) was up almost 8.5 percent in after-hours trading on no news. The surge may be a correction of the 8.96 percent decline the stock experienced over the regular session.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

Posted-In: Earnings News M&A After-Hours Center Movers

Juno Therapeutics Lower, To Acquire AbVitro For $78 Million In Cash And Nearly 1.30 Million Shares

Courtesy of Benzinga.

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Shares of Juno Therapeutics Inc (NASDAQ: JUNO) were trading lower by more than 4 percent at $34.78 during Monday's trading session.

Juno Therapeutics announced earlier that it has acquired AbVitro, Inc., a private biotechnology company whose technology platform accelerates the development of novel immunotherapies by identifying cancer-specific immune cells from natural immune responses at unprecedented resolution.

Juno Therapeutics noted that the acquisition will provide it with a "leading next-generation single cell sequencing platform that will augment Juno's capabilities to create best-in-class engineered T cells against a broad array of cancer targets."

The company also added that it has reached an agreement with principle with Celgene Corporation (NASDAQ: CELG) to license a subset of the acquired technology and grant Celgene options to certain related potential product rights.

Juno Therapeutics has also agreed to pay $78 million in cash and 1,289,193 shares of its stock to acquire AbVitro.

"High throughput, single cell sequencing will meaningfully accelerate our research process in finding both novel antigen targets and appropriate TCR and CAR T cell binders. We remain highly encouraged by the potential of our engineered T cell technology to impact the lives of cancer patients, and this technology improves our capabilities to extend our platform to a broader array of cancer types including solid tumors," said Hy Levitsky, M.D., Juno's Chief Scientific Officer. "We are highly impressed with the quality of the science at AbVitro, and we are delighted to welcome this world-class team to Juno."

Posted-In: AbVitro cancer Cancer Drugs CelgeneNews M&A Intraday Update Movers

Credit Suisse Upgrades GM, Puts Value At $38 Per Share

Courtesy of Benzinga.

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  • General Motors Company (NYSE: GM) shares have lost 13 percent over the past 5 trading days.
  • Credit Suisse’s Dan Galves upgraded the rating for the company from Neutral to Outperform, while raising the price target from $37 to $38.
  • While the company’s earnings power appears higher than was previously assumed, downside is now less severe, Galves stated.

Analyst Dan Galves believes that there are heightened cyclical concerns on the global Auto sector, which appear “over-stated” in the near-term. He added that General Motors’ risk / reward appear healthy, with the company’s FCF generation likely to continue to be robust longer than the Street expects.

“We see many company-specific factors that will likely support higher-than-expected earnings power, both at current volume levels, as well as trough,” Galves wrote.

The analyst pointed out that General Motors was able to outperform expectations in 2015, with 120 bps global margin expanding, despite flat volume growth and a trough product cadence. He believes that the company would be able to continue to beat Street expectations, backed by substantial material cost savings and a significantly improved product cadence in 2016 and 2017.

The EPS estimates for 2015, 2016 and 2017 have been raised from $4.80 to $4.85, from $5.40 to $5.45 and from $5.50 to $5.65, respectively.

Latest Ratings for GM

Date Firm Action From To
Jan 2016 Credit Suisse Upgrades Neutral Outperform
Oct 2015 Deutsche Bank Maintains Hold
Oct 2015 UBS Maintains Buy

View More Analyst Ratings for GM
View the Latest Analyst Ratings

Posted-In: Credit Suisse Dan GalvesAnalyst Color Long Ideas Upgrades Price Target Analyst Ratings Trading Ideas

Activist: Macy's Real Estate Worth $21 Billion, Operating Business Trading At 'Negative Value'

Courtesy of Benzinga.

Activist: Macy's Real Estate Worth $21 Billion, Operating Business Trading At 'Negative Value'

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Shares of Macy’s, Inc. (NYSE: M) were trading higher by more than 4 percent on Monday after Starboard Value, an activist investment firm and Macy’s shareholder delivered a letter to the company.

Jeffrey Smith, Starboard Value’s Managing Member, wrote in the letter that the investment firm remains “frustrated” with Macy’s operating performance of late, but “appreciates” recent actions to “re-size” the company’s cos structure and store base.

Smith went on to reaffirm his belief that Macy’s could realize more than $500 million in cost reductions through a combination of improved labor productivity and SG&A reductions.

Smith continued that Macy’s real estate assets are worth $21 billion alone — implying that the operating business is currently “trading for a negative value.”

Pursuing JV Structures Is Best Step Forward

“As we have outlined in our presentation materials to you and as discussed with you during our calls and meetings, we believe pursuing JV structures is the most prudent step for Macy’s at this time to create significant value for shareholders given the wide discrepancy between the value of the real estate and the current enterprise value of the Company,” Smith wrote.

“We believe that a JV, or series of JVs, can crystallize the value of Macy’s real estate while bringing in a partner with substantial capital and real estate expertise that will enable the JVs to grow and diversify their real estate holdings.”

Finally, Smith argued that a successful execution of the investment firm’s real estate strategy “can create meaningful and lasting value for shareholders.”

Posted-In: Jeffrey SmithLong Ideas News Hedge Funds Events Movers Trading Ideas General Best of Benzinga

Top Performing Industries For January 11, 2016

Courtesy of Benzinga.

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16 Stocks Moving In Friday's After-Hours Session

At 10:30 am, the Dow rose 0.45 percent to 16,419.83, the broader Standard & Poor’s 500 index moved up 0.22 percent to 1,926.28 and the NASDAQ composite index gained 0.21 percent to 4,653.37.

The industries that are driving in the market today are:

Cigarettes: This industry gained 2.1 percent by 10:30 am. The top performer in this industry was Philip Morris International Inc.(NYSE: PM), which rose 2.6 percent. Philip Morris shares have gained 4.41 percent over the past 52 weeks, while the S&P 500 index has declined 5.24 percent in the same period.

Home Health Care: This industry rose 1.6 percent by 10:30 am ET. The top performer in this industry was Amedisys Inc (NASDAQ: AMED), which gained 4.5 percent. Amedisys’ PEG ratio is 0.36.

Foreign Utilities: The industry gained 1.4 percent by 10:30 am. The top performer in this industry was CPFL Energia S.A. (ADR) (NYSE: CPL), which gained 3.3 percent. CPFL Energia shares have dropped 45.65 percent over the past 52 weeks, while the S&P 500 index has declined 5.24 percent in the same period.

General Entertainment: This industry moved up 1.4 percent by 10:30 am. The top performer in this industry was Viggle Inc (NASDAQ: VGGL), which rose 1.5 percent.

Posted-In: Top Performing IndustriesNews Intraday Update Markets Movers

Apollo Education Surges Off Q1 Print, Exploration Of Strategic Alternatives

Courtesy of Benzinga.

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Shares of Apollo Education Group Inc (NASDAQ: APOL) were trading higher by more than 5 percent late Monday morning after the company reported a better than expected first quarter results and a key announcement from the company’s Board of Directors.

Apollo Education Group said that it earned $0.29 per share on revenue of $586.02 million. However, Wall Street analysts were expecting the company to earn $0.31 per share on revenue of $610.42 million.

Concurrent with the quarterly print, Apollo Education Group’s Board of Directors announced that it will begin exploring strategic alternatives which “could potentially lead to a change of control of the Company.”

Apollo Education Group’s Board added that exploring strategic alternatives at this time will “support and accelerate Apollo’s strategic initiatives, which include the continued growth and investment in Apollo Global and the continuation of the University of Phoenix’s transformation plan to further enhance student outcomes and provide outstanding, career relevant higher education for working adults.”

Posted-In: Apollo Education Group Appollo Global Online Learning Strategic Alternatives University of PhoenixEarnings News Movers

Brean: Apple Supply Fears Aren't 'Draconian,' Stock Worth $170

Courtesy of Benzinga.

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  • Shares of Apple Inc. (NASDAQ: AAPL) have declined 21.35 percent over the past six months, dropping to a low of $96.45 on January 7.
  • Brean Capital’s Ananda Baruah has maintained a Buy rating on the company, with a price target of $170.
  • Baruah believes that the recent “noise” from the company’s supply chain might have some merit, although the implications were unlikely to be as “draconian” as anticipated.

Analyst Ananda Baruah expressed positivity regarding the outlook for the stock through 2016, while mentioning, however, that “data points need to stabilize and that the Street requires conviction on our belief that a 4-inch phone is a done deal.”

Baruah estimated that Apple’s unit shipments for CY16 would be flat year on year at about 230 million iPhone units, although the consensus forecast was expected at a decline of 5-10 percent.

According to the Brean Capital report, unit shipments for the December and March quarter are likely to remain intact, while the recent reductions were for the June to December quarter, given the weaker demand for the iPhone 6s and 6s+ and to bring down inventories.

Baruah expressed continued confidence in the potential for gross margin upside, expecting the company to generate EPS of more than $3.35 in the December quarter, with gross margin of 41 percent.

“We continue to believe that Street EPS is materially low through ’17 from 1) potentially greater phone ships, 2) ongoing favorable GM from both iPhones and iPhone mix and 3) greater Opex $ leverage through at least ’16,” the report added.

Latest Ratings for AAPL

Date Firm Action From To
Jan 2016 Mizuho Securities Upgrades Neutral Buy
Jan 2016 Pacific Crest Maintains Overweight
Jan 2016 Canaccord Genuity Maintains Buy

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Ananda BaruahAnalyst Color Long Ideas News Reiteration Analyst Ratings Tech Trading Ideas

Benzinga's Top Upgrades

Courtesy of Benzinga.

Benzinga's Top Upgrades

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Mizuho Securities upgraded Apple Inc. (NASDAQ: AAPL) from Neutral to Buy. The price target Apple has been lowered from $125 to $120. Apple shares closed at $96.96 on Friday.

Analysts at Barclays upgraded Marathon Oil Corporation (NYSE: MRO) from Equal-weight to Overweight. The price target Marathon Oil has been lowered from $18 to $15. Marathon Oil shares closed at $10.35 on Friday.

Analysts at Evercore ISI Group upgraded Discover Financial Services (NYSE: DFS) from Hold to Buy. Discover Financial shares closed at $49.97 on Friday.

Credit Suisse upgraded General Motors Company (NYSE: GM) from Neutral to Outperform. The price target General Motors has been raised from $37 to $38. General Motors shares closed at $29.52 on Friday.

Analysts at Morgan Stanley upgraded Genesco Inc. (NYSE: GCO) from Equal-weight to Overweight. The price target Genesco has been raised from $71 to $81. Genesco shares closed at $55.59 on Friday.

Analysts at RBC Capital upgraded Owens Corning (NYSE: OC) from Sector Perform to Outperform. The price target Owens-Corning has been raised to $53. Owens-Corning shares closed at $44.58 on Friday.

Analysts at Wells Fargo upgraded Whiting Petroleum Corp (NYSE: WLL) from Market Perform to Outperform. Whiting Petroleum shares closed at $7.78 on Friday.

Analysts at Goldman Sachs upgraded Nasdaq Inc (NASDAQ: NDAQ) from Sell to Neutral. Nasdaq shares closed at $55.81 on Friday.

JP Morgan upgraded Sanderson Farms, Inc. (NASDAQ: SAFM) from Neutral to Overweight. Sanderson Farms shares closed at $75.02 on Friday.

Cowen & Company upgraded General Dynamics Corporation (NYSE: GD) to Outperform. General Dynamics shares closed at $130.19 on Friday.

Latest Ratings for AAPL

Date Firm Action From To
Jan 2016 Mizuho Securities Upgrades Neutral Buy
Jan 2016 Pacific Crest Maintains Overweight
Jan 2016 Canaccord Genuity Maintains Buy

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: top upgradesUpgrades Analyst Ratings

The Shrinking Global Economy, In Three Charts

Courtesy of John Rubino.

Regular contributor Michael Pollaro offers three more charts which tell a story that’s both disturbing and apparently misunderstood by a lot of mainstream analysts.

The US trade deficit (exports minus imports) has been getting smaller. Since a trade deficit subtracts from GDP growth, a shrinking deficit will, other things being equal, produce a bigger, faster-growing economy (that’s the mainstream take).

US trade balance

But other things aren’t equal. It turns out that the components of that trade balance figure are both shrinking. Exports — the stuff we sell to foreigners — have been declining since the dollar spiked in 2014. That’s not a surprise, since a strengthening currency makes exports more expensive and thus harder to sell. So other countries are buying less of our stuff, which though not surprising is a bad sign.

US exports

Meanwhile, imports — stuff we buy from abroad — have also plunged in the past year, which is partly due to cheaper oil lowering the dollar value of energy and other commodity imports. But it also means that even though French wine and German cars have become less expensive as the dollar has soared against the euro, we’re not buying more of them. So US consumers, even with all the money they’re saving at the gas pump, still can’t (or won’t) take advantage of a sale on imported goods.

US imports

If imports and exports are both falling, that means consumption is weak pretty much everywhere. And weak consumption means slow or negative growth, which contradicts the recovery thesis that now dominates policy making and the financial media.

It also makes last week’s market turmoil easier to understand. Falling trade means lower corporate profits, which, if history is still a valid guide, means less valuable equities. So it could be that the markets are simply figuring this out and revaluing assets accordingly.

Visit John's Dollar Collapse blog here.


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 ... more from Insider

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 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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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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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


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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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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Free eBook - "My Top Strategies for 2017"



Here's a free ebook for you to check out! 

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.

Some other great content in this free eBook includes:


·       How 2017 Will Affect Oil, the US Dollar and the European Union


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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...

Learn more About Phil >>

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About Ilene:

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

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