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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Phil's Favorites

Congress is considering privacy legislation - be afraid

 

Congress is considering privacy legislation – be afraid

Courtesy of Jeff Sovern, St. John's University

Supreme Court Justice Louis Brandeis called privacy the “right to be let alone.” Perhaps Congress should give states trying to protect consumer data the same right.

For years, a gridlocked Congress ignored privacy, apart from occasionally scolding companies such as Equifax and Marriott after their major data breaches. In its absence, ...



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Zero Hedge

Key Events This Week: Trade War, EU Elections, Durables, PMIs And Fed Minutes

Courtesy of ZeroHedge

Looking at this week's key events, Deutsche Bank's Craig Nicol writes that while the unpredictable nature of US-China trade developments will likely continue to be the main focus for markets again next week, we also have the European Parliament elections circus to look forward to as well as various survey reports including the flash May PMIs which may offer some insight into the impact of trade escalation on economic data. The FOMC and ECB meeting minutes are also due, along with a heavy calendar of Fed officials speaking.

The European Parliament elections will kick off next Thursday with voting continuing into the weekend across the continent, with results expected on Sunday. With the elections surrounded by internal and external challenges for the EU, members di...



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Kimble Charting Solutions

Will S&P 500 Double Top Derail The Rally?

Courtesy of Chris Kimble.

The rally off the December stock market lows has been strong, to say the least. The S&P 500 rallied 25 percent before hitting and testing the 2018 high.

The old highs proved to be formidable resistance and ushered in some volatility in May… and a 5 percent pullback.

In today’s 2-pack, we look at that resistance level – could that be a double top? We can see similar patterns develop on the S&P 500 Index and its Equal Weight counterpart.

Both indexes are testing short-term Fibonacci retracement levels of the recent decline at point (2).

What takes place here after potential double top highs will be important. Stay tuned...



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Insider Scoop

60 Biggest Movers From Friday

Courtesy of Benzinga.

Gainers
  • Fastly, Inc. (NYSE: FSLY) shares jumped 50 percent to close at $23.99 on Friday. Fastly priced its 11.25 million share IPO at $16 per share.
  • Outlook Therapeutics, Inc. (NASDAQ: OTLK) shares climbed 37.3 percent to close at $2.10 on Friday after the stock rose over 68 percent Thursday following an Oppenheimer initiation at Outperform with a price target of $12.
  • Cray Inc. (NASDAQ: CRAY) shares rose 22.5 percent to close at $36.52 after Hewlett Packard Enterpri...


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Chart School

Weekly Market Recap May 18, 2019

Courtesy of Blain.

China – U.S. trade talk continued to dominate the week.   A heavy selloff Monday was followed by 3 up days, with Friday moderately down.

On Monday, Chinese officials announced retaliatory tariffs against the U.S., hitting $60 billion in annual exports to China with new or expanded duties that could reach 25%.

Then on Wednesday:

The Trump administration plans to delay a decision on instituting new tariffs on car and auto part imports for up to six months, according to media reports.

...

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Digital Currencies

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

 

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

The high seas are getting lower. dianemeise

Courtesy of Iwa Salami, University of East London

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



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Biotech

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

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

 

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

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

Courtesy of David M. Gilbert, Florida State University

...



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ValueWalk

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

By Jacob Wolinsky. Originally published at ValueWalk.

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

rawpixel / Pixabay

Friends and Fellow Investors:

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



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Members' Corner

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

Are you ready to retire?  

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

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

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



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

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

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



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OpTrader

Swing trading portfolio - week of September 11th, 2017

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

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

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...

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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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