Archive for 2016

Mid-Afternoon Market Update: Datalink Surges Following Acquisition News; HSN Shares Slide

Courtesy of Benzinga.

Toward the end of trading Monday, the Dow traded up 1.95 percent to 18,237.83 while the NASDAQ climbed 2.35 percent to 5,164.77. The S&P also rose, gaining 2.10 percent to 2,128.93.

Leading and Lagging Sectors

Monday afternoon, technology shares gained by 2.43 percent. Meanwhile, top gainers in the sector included Datalink Corporation (NASDAQ: DTLK), and Sothebys (NYSE: BID).

In trading on Monday, telecommunications services shares rose by just 0.9 percent. Meanwhile, top losers in the sector included Shenandoah Telecommunications Company (NASDAQ: SHEN), down 9 percent, and Internet Initiative Japan Inc. (ADR) (NASDAQ: IIJI), down 7 percent.

Top Headline

LendingClub Corp (NYSE: LC) reported a smaller loss than analysts estimated for the third quarter. Similarly, revenue also came in above the estimates.

The company reported adjusted loss of $0.04 a share, exceeding expectations by $0.03 per share. Its revenue came in at $112.6 million, beating estimates by $9.29 million.

Equities Trading UP

Blue Nile Inc (NASDAQ: NILE) shares shot up 34 percent to $40.73 after the company disclosed a deal with Bain Capital Private Equity and Bow Street LLC for $40.75 a share in cash.

Shares of Datalink Corporation (NASDAQ: DTLK) got a boost, shooting up 18 percent to $11.13 after Insight Enterprises, Inc. (NASDAQ: NSIT) announced plans to acquire Datalink for $11.25 per share in cash.

Medallion Financial Corp (NASDAQ: MFIN) shares were also up, gaining 27 percent to $4.13 following Q3 results. Medallion Financial reported Q3 earnings of $5 million on revenue of $2 million.


Equities
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How Renewable Energy Stocks Would Fare Under A Trump Administration

Courtesy of Benzinga.

How Renewable Energy Stocks Would Fare Under A Trump Administration

Citi expects 10 percent upside in shares of independent power producers (IPPs) if Donald Trump wins the presidential election. This implies a Trump presidency would be a negative for renewable energy stocks, at least in the near term.

A Trump Presidency

Tina Fordham, Citi’s political strategist, still believes Hillary Clinton will win, but the probability of victory has decreased from 75 percent to 60 percent. This implies a “non-negligible” risk of a Trump victory.

Trump has expressed skepticism on global warming and support for fossil generation, and his potential presidency could slow down the pace of renewable engine growth.

Renewables

“While we don’t think he can reverse the trend of increasing renewables or the challenges for coal, he surely could slow down renewables penetration. Any slowdown in renewable will likely extend the economic asset life of IPPs’ existing asset bases,” analyst Praful Mehta wrote in a note.

Assuming about a five-year increase in asset life, Mehta’s target prices for Calpine Corporation (NYSE: CPN), Dynegy Inc. (NYSE: DYN) and NRG Energy Inc (NYSE: NRG) would increase by 10.5 percent, 38 percent and 9 percent, respectively.

The base price targets for these stocks are $19, 13 and $11, respectively. The estimated increase could boost their target prices to $21, $18 and $12, respectively.

Solar And Wind

According to the EIA, without implementation of the Clean Power Plan (CPP), solar and wind capacity development could be 26 percent and 15 percent lower by 2040 versus the base case. In other words, base solar and wind capacity could increase to…
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Piper Jaffray Thinks It Might Be A Good Time For BioMarin To Sell Itself

Courtesy of Benzinga.

Piper Jaffray Thinks It Might Be A Good Time For BioMarin To Sell Itself

Piper Jaffray’s Joshua Schimmer believes there are several underappreciated risks ahead for BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) and would prefer greater visibility into some of the “moving parts” in the story.

Schimmer downgraded the rating on the company from Overweight to Neutral, while lowering the price target from $105 to $84.

Attractive Acquisition Candidate

“BMRN is pushing towards becoming an earnings driven story and it may take some time to ‘grow into’ its valuation,” the analyst mentioned.

Schimmer believes that to be more comfortable on the stock, additional data on the achondroplasia program and hemophilia gene therapy program is required, along with information regarding the long-term safety profile of Pegvaliase.

The analyst sees BioMarin as an attractive acquisition candidate, and believes that “it’s a good time to sell the company, maybe the management team realizes that also.”

CEO Jean Jacques Bienaime recently sold BioMarin shares worth a total of $9.8 million.

Challenges & Setbacks

“BMRN has ground its way forward, as Vimizim has been a bright spot, Pegvaliase met its primary endpoint, early signs with the hemophilia A gene therapy program are encouraging, and progress with Batten’s has been good,” Schimmer stated.

On the other hand, the setback in Latin America has been impacting other global names finally caught up to BioMarin Pharma in Q2, despite the company having originally refuted the existence of any risk.

Shares spiked on November 4, although management didn’t provide any comment on the reasons.

Latest Ratings for BMRN

Date Firm Action From To
Nov 2016 PiperJaffray Downgrades Overweight Neutral
Nov 2016 Deutsche Bank Initiates Coverage On Buy
Aug 2016 Barclays Maintains Overweight

View More Analyst Ratings for BMRN


View the Latest Analyst Ratings

Posted-In: Joshua Schimmer Piper JaffrayAnalyst Color Downgrades Price Target Analyst Ratings Best of Benzinga





A Number Of Improvements Expected From TripAdvisor’s Q3 Release

Courtesy of Benzinga.

Tripadvisor Inc (NASDAQ: TRIP) is scheduled to report its third quarter earnings results after the market close.

Naved Khan of Cantor Fitzgerald maintained a Hold rating and $67 price target heading into the earnings print. The analyst believes the company will show continued progress in improving monetization initiatives surrounding its Instant Book feature and mobile hotel shoppers.

Khan is expecting the company to earn $0.61 per share on revenue of $447 million and EBITDA of $139 million. Growth in hotel revenue (78 percent of total revenue) is expected to be higher by 3 percent (at $350 million) year-over-year, which represents an improvement from the -8 percent growth seen in the second quarter.

Non-hotel revenue is also expected to grow 27 percent year-over-year to $97 million, which also represents an acceleration from 21 percent growth seen in the second quarter.

Traffic, Updates

Khan noted that worldwide traffic data from comScore showed a slowdown in growth of 1,800 basis points quarter-over-quarter to -16 percent year-over-year among PC unique visitors to TripAdvisor’s sites. In addition growth in total unique visitors (PC and mobile) in the US decelerated 1,400 basis points quarter-over-quarter to -6 percent year-over-year.

Part of the traffic decline could be attributed to changes in Google’s algorithms, which is creating headaches for sites like TripAdvisor and Yelp Inc (NYSE: YELP).

Finally, the analyst is expecting management to provide an update to its outlook for the full year 2016, which should be in-line with Wall Street’s “muted” expectations of just 2 percent year-over-year growth in revenue and a 17 percent year-over-year decline in EBITDA.

It’s also important to keep in mind that TripAdvisor’s name has been mentioned as a potential takeover candidate by the industry titan Priceline Group Inc (NASDAQ: PCLN).

Latest Ratings for TRIP

Date Firm Action From To
Oct 2016 Susquehanna Initiates Coverage On Neutral
Aug 2016 Deutsche Bank Downgrades Buy Hold
Aug 2016 Jefferies Maintains Hold

View More Analyst Ratings for TRIP


View the Latest Analyst Ratings

Posted-In: Online Travel Agencies TripAdvisor TripAdvisor EarningsAnalyst Color Travel Analyst Ratings General





Technical Alert: S&P 500 Index Futures Sharply Higher Ahead Of Election

Courtesy of Benzinga.

  • 2130.50 – October 31 high
  • 2129.50 – November 1 high
  • 2121.00 – Intraday high as of 11:19 AM
  • 2119.50 – Current price as of 11:19 AM
  • 2102.75 – Intraday low a of 11:19 AM
  • 2080.00 – Friday close

If content like this is useful to your trading/investing strategy, please email feedback@benzinga.com with the headline to let us know!*

Posted-In: Technicals Intraday Update Movers Trading Ideas





Technical Alert: Priceline Group Higher Ahead Of Q3 Report

Courtesy of Benzinga.

  • $1480.01 – November 1 high
  • $1469.55 – November 2 high
  • $1469.54 – Intraday high as of 11:20 AM
  • $1467.00 – Current price as of 11:20 AM
  • $1435.79 – Intraday low as of 11:20 AM
  • $1424.28 – Friday close

If content like this is useful to your trading/investing strategy, please email feedback@benzinga.com with the headline to let us know!*

Posted-In: Technicals Intraday Update Movers Trading Ideas





Weighing the Week Ahead: Time for Some Clarity?

 

Weighing the Week Ahead: Time for Some Clarity?

Courtesy of Jeff Miller, A Dash of Insight

We have a light week for data, but plenty of other big news. Earnings season continues. There will be plenty of FedSpeak, and most importantly the results of the U.S. elections. I everyone to be asking:

Will the election results provide clarity for financial markets?

Personal Note: I know that some readers will not like my conclusions this week. Please read them as investment advice, not voting advice.

Last Week

Last week’s economic news was all good, despite the modest negative reaction in stocks. The election story is the culprit.

Theme Recap

In my last WTWA (two weeks ago), I predicted a focus on the trading range, and whether it would soon be broken. Breaking election news attracted most of the attention with earnings playing a secondary role. Since then, we have experienced a 40-year flood, so to speak. The nine consecutive days of market declines are the most for 36 years. And still counting. Whether the range has been broken remains open to question, but I was wrong about the key theme.

The Story in One Chart

I always start my personal review of the week by looking at this great chart from Doug Short. Some sources said the market was in the “grip of the worst decline since the financial crisis.” Doug notes that the nine days of decline amounted only to 3.09%. By comparison, the nine-day streak from 36 years ago represented 9.37%. Even single-day declines can be more than this, including the -3.59% on June 24thof this year. Doug’s analysis helps to put the recent trading in perspective.

Doug has a special knack for pulling together all the relevant information. His charts save more than a thousand words! Read his entire post where he adds analysis grounded in data and several more charts providing long-term perspective.

The News

Each week I break down events into good and bad. Often there is an “ugly” and on rare occasion something very positive. My working definition of “good” has two components. The news must be market friendly and better than…
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Major Quake Strikes Cushing, Oklahoma – Near US’ Largest Oil Storage Facility

Courtesy of ZeroHedge. View original post here.

Shortly after 1945 local time, a strong 5.0 magnitude earthquake struck some 50 mile northeast of Oklahmoa City. The nearby town of Cushing, home of America’s largest oil storage facility, experienced structural damage and lost power. No injuries have been reported.

Another picture of earthquake damage in Cushing shared by viewer Kipp Jones on our @NewsOn6 Facebook page. #okquake pic.twitter.com/LGGqWVPwHV

— Stephen Nehrenz (@StephenNehrenz) November 7, 2016

As Bloomberg reports, the quake struck 2km west of Cushing, Oklahoma, according to USGS.

Cushing is location of largest oil storage site in U.S. where benchmark WTI crude futures are delivered.

Quake at depth of 5km.

Cushing fire officials haven’t yet received any calls for damage at the oil tank yard, and no injuries have been reported, News9 Oklahoma’s Justin Dougherty says in posting on Twitter.

Oklahoma registered 5.6 magnitude earthquake in September, tying state record set in 2011; number of earthquakes measuring 3.0 or higher reached 890 last year.

FOX23 reports that Payne County Emergency Management officials confirm power was cut off to Cushing following the earthquake, and The Cimarron Tower Apartments in Cushing were evacuated.

Thanks to Cushing native @bencochran for correcting my location. Cleveland Street before and after. pic.twitter.com/bfUdNKtEvZ

— Kevin Stump (@StumpStumpStump) November 7, 2016

We got this photo into the KRMG newsroom from someone west of Cushing. #Earthquake #5.0 #Oklahoma pic.twitter.com/XWBezNZRXT

— NEWS102.3 KRMG (@KRMGtulsa) November 7, 2016

For now there i sno reaction in WTI Crude…

As a reminder, several energy producers, and also the U.S. Environmental Protection Agency, are facing lawsuits because of seismic activity allegedly linked to oilfield wastewater disposal in Oklahoma and other states





Vatican Warns Of “Path Of Bloodshed” In Venezuela If Talks With Anti-Maduro Political Leaders Fail

Courtesy of ZeroHedge. View original post here.

A few weeks ago we warned that Venezuela was on the verge of revolution after Maduro took steps to block a recall referendum that many thought would have resulted in his ouster.  In response, Maduro’s political opposition urged Venezuelans to take to the streets to protest the move which they say was tantamount to a coup.  Here’s what we wrote before:

Once a “flagship socialist nation,” Venezuela has suffered over the past couple of years from a dramatic economic crisis that has resulted in severe shortages of food, clean water, electricity, medicines and hospital supplies all of which have resulted in a desperate population which has resorted to the black market and violence for survival.  That said, Venezuela likely inched one step closer to revolution on Friday when Maduro’s leftist government took steps to block a recall referendum that could have resulted in his ouster.  According to the US News and World Report, Venezuelan opposition leaders are calling the efforts of Maduro “a coup” in light of the broad based public support of the recall effort.

Venezuela is bracing for turbulence after the socialist government blocked a presidential recall referendum in a move opposition leaders are calling a coup.

The opposition is urging supporters to take to the streets, beginning with a march on a major highway Saturday led by the wives of jailed activists, while a leading government figure is calling for the arrest of high-profile government critics.

Polls suggest socialist President Nicolas Maduro would lose a recall vote. But that became a moot issue on Thursday when elections officials issued an order suspending a recall signature drive a week before it was to start.

“What we saw yesterday was a coup,” said former presidential candidate Henrique Capriles, who had been the leading champion of the recall effort. “We’ll remain peaceful, but we will not be taken for fools. We must defend our country.”

International condemnation was swift. Twelve western hemisphere nations, including the U.S. and even leftist-run governments such as Chile and Uruguay, said in a statement Friday that the suspension of the referendum and travel restrictions on the opposition leadership affects the prospect for dialogue and finding a peaceful solution to the nation’s crisis.


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Weekly Market Recap Nov 6, 2016

Courtesy of Blain.

The week that was…

We ended last week’s “The Week Ahead” section with the sentence:  “There should be some fireworks”.  Indeed there were.  To be clear we are not talking 2007 / 2008 type fireworks but within the context of a relatively sleepy fall 2016 these were fireworks.  All 5 sessions this past week were to the downside.  Following 4 the prior week.  So since the Hillary Clinton #EmailGate disclosure 2 Fridays ago the market has not been able to put in a positive day.   One doubts that’s unrelated.

The last nine session selloff ended on December 11, 1980 … roughly 36 years ago. The current nine-session loss is -3.07%.  The nine-day selloff in 1980 was a far more dramatic -9.37%.

“People would rather miss out on the post-election rally than being caught wrong-footed if Trump indeed wins the presidency, which many assume will be bad for markets,” said Jennifer Ellison, principal at BOS, California-based investment advisory firm.

To that end, as FBI director Comey has indicated nothing new in these emails late Sunday, the dollar is rallying quite sharply.

Back to the market of last week; most of the selling was midweek.  But perhaps more sinister was the selling on Friday when the market tried to rally on the employment data and despite oversold conditions, the rally failed miserably.

Mid week the Federal Reserve meeting was a non event…. as expected.   But the indications seem to be there for a rate hike finally hitting in December. #FedSpeak

In announcing its decision, the Fed indicated that it doesn’t need for much more evidence to justify a move, boosting the chances of a hike at its final meeting of the year.  “The committee judges that the case for an increase in the federal-funds rate has continued to strengthen but decided, for the time being, to wait for some further evidence of further progress toward its objectives,” the Fed said in a statement.  Fed watchers latched on to the word “some” as confirmation that a December move is likely. Analysts at BNP Paribas now see about a 75% chance of a 25 basis point


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ValueWalk

#1 Performing Global Macro Hedge Fund Sees More Shorts Opportunities Ahead As China Bursts

By Jacob Wolinsky. Originally published at ValueWalk.

Crescat Global Macro Fund update to investors on 1/19/2019

Crescat Global Macro Fund and Crescat Long/Short fund delivered strong returns for both December and full year 2018 in a difficult market. Based on ...



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Zero Hedge

Johns Hopkins, Bristol-Myers Face $1 Billion Suit For Infecting Guatemalan Hookers With Syphilis 

Courtesy of ZeroHedge. View original post here.

A federal judge in Maryland said Johns Hopkins University, pharmaceutical company Bristol-Myers Squibb and the Rockefeller Foundation must face a $1 billion lawsuit over their roles in a top-secret program in the 1940s ran by the US government that injected hundreds of Guatemalans with syphilis, reported Reuters.

Several doctors from Hopkins an...



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Phil's Favorites

Divisive economics

 

Guest author David Brin — scientist, technology consultant, best-selling author and futurist — explores the records of Democrats and Republicans on the US economy in the following post. For David's latest posts, visit the CONTRARY BRIN blog. For his books and short stories, visit his web...



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Kimble Charting Solutions

Stock declines did not break 9-year support, says Joe Friday

Courtesy of Chris Kimble.

We often hear “Stocks take an escalator up and an elevator down!” No doubt stocks did experience a swift decline from the September highs to the Christmas eve lows. Looks like the “elevator” part of the phrase came true as 2018 was coming to an end.

The first part of the “stocks take an escalator up” seems to still be in play as well despite the swift decline of late.

Joe Friday Just The Facts Ma’am- All of these indices hit long-term rising support on Christmas Eve at each (1), where support held and rallies have followed.

If you find long-term perspectives helpf...



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Digital Currencies

Transparency and privacy: Empowering people through blockchain

 

Transparency and privacy: Empowering people through blockchain

Blockchain technologies can empower people by allowing them more control over their user data. Shutterstock

Courtesy of Ajay Kumar Shrestha, University of Saskatchewan

Blockchain has already proven its huge influence on the financial world with its first application in the form of cryptocurrencies such as Bitcoin. It might not be long before its impact is felt everywhere.

Blockchain is a secure chain of digital records that exist on multiple computers simultaneously so no record can be erased or falsified. The...



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Insider Scoop

Cars.com Explores Strategic Alternatives, Analyst Sees Possible Sale Price Around $30 Per Share

Courtesy of Benzinga.

Related 44 Biggest Movers From Yesterday 38 Stocks Moving In Wednesday's Mid-Day Session ...

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

Chart School

Weekly Market Recap Jan 13, 2019

Courtesy of Blain.

In last week’s recap we asked:  “Has the Fed solved all the market’s problems in 1 speech?”

Thus far the market says yes!  As Guns n Roses preached – all we need is a little “patience”.  Four up days followed by a nominal down day Friday had the market following it’s normal pattern the past nearly 30 years – jumping whenever the Federal Reserve hints (or essentially says outright) it is here for the markets.   And in case you missed it the prior Friday, Chairman Powell came back out Thursday to reiterate the news – so…so… so… patient!

Fed Chairman Jerome Powell reinforced that message Thursday during a discussion at the Economic Club of Washington where he said that the central bank will be “fle...



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Members' Corner

Why Trump Can't Learn

 

Bill Eddy (lawyer, therapist, author) predicted Trump's chaotic presidency based on his high-conflict personality, which was evident years ago. This post, written in 2017, references a prescient article Bill wrote before Trump even became president, 5 Reasons Trump Can’t Learn. ~ Ilene 

Why Trump Can’t Learn

Donald Trump by Gage Skidmore (...



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Biotech

Opening Pandora's Box: Gene editing and its consequences

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

 

Opening Pandora's Box: Gene editing and its consequences

Bacteriophage viruses infecting bacterial cells , Bacterial viruses. from www.shutterstock.com

Courtesy of John Bergeron, McGill University

Today, the scientific community is aghast at the prospect of gene editing to create “designer” humans. Gene editing may be of greater consequence than climate change, or even the consequences of unleashing the energy of the atom.

...

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Mapping The Market

Trump: "I Won't Be Here" When It Blows Up

By Jean-Luc

Maybe we should simply try him for treason right now:

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.

By Asawin Suebsaeng and Lachlan Markay, Daily Beast

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the nationa...



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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"

 

 

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.

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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. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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