Archive for 2016

Stocks Hitting 52-Week Highs

Courtesy of Benzinga.

  • Boeing Co (NYSE: BA) shares touched a new 52-week high of $157.33. Boeing and Iran Air reported an agreement today for 80 aircraft, valued at $16.6 billion at list prices.
  • Barrett Business Services, Inc. (NASDAQ: BBSI) shares touched a new 52-week high of $63.23. Barrett Business Services shares have jumped 44.15 percent over the past 52 weeks, while the S&P 500 index has gained 11.75 percent in the same period.
  • Bank of Montreal (USA) (NYSE: BMO) shares reached a new 52-week high of $73.40. Bank of Montreal shares have surged 30.22 percent over the past 52 weeks, while the S&P 500 index has gained 11.75 percent in the same period.
  • Archrock Inc (NYSE: AROC) shares reached a new 52-week high of $14.25. Archrock shares have climbed 94.37 percent over the past 52 weeks, while the S&P 500 index has gained 11.75 percent in the same period.

Posted-In: 52-Week HighsNews Intraday Update Markets Movers





Is General Motors Underappreciated As A Disruptor?

Courtesy of Benzinga.

Is General Motors Underappreciated As A Disruptor?

General Motors Company (NYSE: GM) is not necessarily a company associated with being a “‘disruptor,” but Brian Johnson of Barclays believes the automaker has earned that title.

Disruptor Status

In a research report, the analyst highlighted a sell-side event hosted by General Motors’ management that focused on the Chevy Bolt. The company demonstrated its capabilities in electrification and autonomous driving, both of which are important initiatives.

Johnson further suggested that while it is clear General Motors is collaborating with suppliers to improve electrification and autonomous driving, his sense is that the company is more intent on capturing and controlling a larger portion of the value chain.

“As we’ve noted in the past, GM management should focus on continuing to execute (‘control what’s within your control’), while also demonstrating that it is at the forefront of the disruptive changes in the auto industry,” Johnson wrote.

Johnson added that General Motors’ stock should “continue to work for now,” however, it is not “out of the woods yet.” The stock is trading at 6.5x 2017E EPS which makes it inexpensive compared to other auto makers. However, the company is still operating in an environment characterized by elevated incentives, declining residuals and rising interest rates.

Finally, Johnson argued that General Motors could benefit in the coming months from new product launches the company’s inventory is also elevated and management may announce another production cut which could pressure the stock.

Shares of General Motors remain Neutral rated with an unchanged $36 price target.

Latest Ratings for GM

Date Firm Action From To
Dec 2016 Macquarie Initiates Coverage On Outperform
Nov 2016 Berenberg Initiates Coverage On Sell
Oct 2016 Bank of America Downgrades Buy Neutral

View More Analyst Ratings for GM


View the Latest Analyst Ratings

Posted-In: automakers Autonomous Driving Barclays Brian Johnson Chevy BoltAnalyst Color Reiteration Analyst Ratings Best of Benzinga





Technical Alert: AT&T Higher After Baird Upgrade With Price Target Raise To $44

Courtesy of Benzinga.

  • $41.70 – September 27 high
  • $41.35 – Intraday high as of 1:05 PM
  • $41.14 – Current price as of 1:05 PM
  • $40.53 – Intraday low as of 1:05 PM
  • $40.38 – Friday close

Posted-In: Technicals Intraday Update Movers Trading Ideas





Benzinga’s Top Upgrades

Courtesy of Benzinga.

Benzinga's Top Upgrades

  • Wells Fargo upgraded Tesoro Corporation (NYSE: TSO) from Market Perform to Outperform. Tesoro shares fell 0.84 percent to close at $90.18 on Friday.
  • Baird upgraded 8×8, Inc. (NASDAQ: EGHT) from Neutral to Outperform. The price target for 8×8 has been raised from $15 to $17. 8×8 shares rose 2.14 percent to $14.35 in pre-market trading.
  • Bank of America upgraded NVR, Inc. (NYSE: NVR) from Neutral to Buy. NVR shares dropped 0.29 percent to close at $1,650.90 on Friday.
  • Analysts at BMO Capital upgraded C R Bard Inc (NYSE: BCR) from Market Perform to Outperform. C.R. Bard shares rose 1.42 percent to close at $216.64 on Friday.
  • Baird upgraded ABB Ltd (ADR) (NYSE: ABB) from Neutral to Outperform. ABB shares rose 1.29 percent to $21.25 in pre-market trading.
  • Analysts at BMO Capital upgraded American International Group Inc (NYSE: AIG) from Market Perform to Outperform. AIG shares gained 0.64 percent to $66.25 in pre-market trading.
  • Analysts at Wells Fargo upgraded Cooper Companies Inc (NYSE: COO) from Market Perform to Outperform. Cooper Companies shares rose 1.68 percent to close at $170.62 on Friday.
  • Analysts at RBC Capital upgraded Yamana Gold Inc. (USA) (NYSE: AUY) from Sector Perform to Outperform. Yamana Gold shares rose 1.04 percent to $2.92 in pre-market trading.
  • FBR Capital upgraded Lululemon Athletica inc. (NASDAQ: LULU) from Underperform to Market Perform. The price target for Lululemon has been raised from $40 to $67. Lululemon shares rose 0.48 percent to $69.63 in pre-market trading.
  • Analysts at Goldman Sachs upgraded Quest Diagnostics Inc (NYSE: DGX) from Neutral to Buy. Quest Diagnostics shares rose 1.63 percent to close at $91.14 on Friday.

Latest Ratings for TSO

Date Firm Action From To
Dec 2016 Wells Fargo Upgrades Market Perform Outperform
Oct 2016 Citigroup Maintains Buy
Oct 2016 Credit Suisse Upgrades Neutral Outperform

View More Analyst Ratings for TSO


View the Latest Analyst Ratings

Posted-In: top upgradesUpgrades Analyst Ratings





U.S. Silica Downgrade: ‘It’s Hard To Think Of A Better Short’

Courtesy of Benzinga.

U.S. Silica Downgrade: 'It's Hard To Think Of A Better Short'

Shares of U.S. Silica Holdings Inc (NYSE: SLCA) have surged nearly 200 percent year-to-date and are trading at a substantial premium to other more traditional sub-sector stocks. “We believe the trade has more than run its course,” D.A. Davidson’s Sonny Randhawa said in a report. He downgraded the rating on the company from Neutral to Underperform while maintaining a price target of $42.

Short SLCA

The company currently has 15 Buy ratings and 3 Neutral ratings, with the bullishness being driven by expectations of “sand demand moving up the frac sand cost curve as demand increases,” Randhawa mentioned.

Randhawa added, however, that it was “hard to think of a better short” than US Silica, since the stock would likely continue to underperform the group due to “drag from its ISP segment, acquisition/integration risk, its premium valuation and management’s misguided belief that you can consolidate a fragmented industry selling a commodity product without barriers or lead-time to entry.”

Failure To Meet Return Expectations

Crude prices have collapsed, and the frac sand industry is still in its nascent stage. Against this backdrop, “it’s safe to assume any frac sand mine or logistics transaction pre-downturn have failed to meet return expectations,” the analyst commented.

U.S. Silica had originally cited superior margins at the NBR mine to justify spending $210 million on the acquisition. Randhawa pointed out that there has been a significant delay in ramping production.

Latest Ratings for SLCA

Date Firm Action From To
Dec 2016 DA Davidson Downgrades Neutral Underperform
Nov 2016 Johnson Rice Upgrades Hold Buy
Oct 2016 Citigroup Maintains Buy

View More Analyst Ratings for SLCA


View the Latest Analyst Ratings

Posted-In: D.A. DavidsonAnalyst Color Short Ideas Downgrades Commodities Markets Analyst Ratings Trading Ideas Best of Benzinga





The Market In 5 Minutes: Oil Gushes Higher

Courtesy of Benzinga.

The Market In 5 Minutes: Oil Gushes Higher

Macro Focus

Futures for the Dow Jones Industrial Average climbed 13 points to 19,724.00, while the Standard & Poor’s 500 index futures dropped 0.50 points to 2,254.25. Futures for the Nasdaq 100 index fell 18.50 points to 4,874.75.

Oil prices traded higher as Brent crude futures gained 4.20 percent to trade at $56.61 per barrel, while US WTI crude futures also rose 4.35 percent to trade at $53.74 a barrel.

  • The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
  • The Treasury will auction 3-year notes at 11:30 a.m. ET.
  • The Treasury is set to auction 10-year notes at 1:00 p.m. ET.
  • The U.S. Treasury budget data for November will be released at 2:00 p.m. ET.

BZ News Desk Focus

As the quarter and the calendar year wind down, things have turned quiet on the earnings front. Yet, the latest quarterly numbers from leading software companies Adobe Systems (NASDAQ: ADBE) and Oracle (NASDAQ: ORCL) will be among the highlights this week.

The consensus Wall Street forecast sees strong top and bottom line growth for Adobe, though at least one analyst indicated there was limited upside during the period. On the other hand, Oracle is expected to report that earnings slipped year-over-year in the period that included the acquisition of a cloud infrastructure company.

Sell-Side Themes

Chardan downgraded Ophthotech (NASDAQ: OPHT) to Neutral and upgraded Regeneron (NASDAQ: REGN) to Neutral.

Sell-Side’s Most Noteworthy Calls

  • Brean downgraded Finish Line (NASDAQ: FINL) to Hold.
  • Piper Jaffray downgraded Depomed (NASDAQ: DEPO) to


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The Selloff In Hanesbrands Shares Is ‘Overdone’; D.A. Davidson Upgrades To Buy

Courtesy of Benzinga.

The Selloff In Hanesbrands Shares Is 'Overdone'; D.A. Davidson Upgrades To Buy

Following the 21 percent year-to-date decline in Hanesbrands Inc. (NYSE: HBI) shares as compared to the 7 percent rise in the S&P 500, D.A. Davidson’s Andrew Burns believes the weakness has created a compelling entry point into the stock.

Burns upgraded the rating on the company from Neutral to Buy, with a price target of $29.

Selloff Overdone

Following the U.S. presidential election, the S&P 500 appreciated 5 percent, as compared to a 5 percent decline in Hanesbrands shares. However, given the company’s 9 percent year-on-year earnings growth year-to-date, along with expectations of continued EPS growth in 2017, the stock valuation appears compelling.

“We expect the basic apparel top line environment will remain sluggish and see year-end retailer de-stocking as a potential risk to quarterly earnings. That said, we believe this is well incorporated into current sentiment,” the analyst went on to say.

Opportunities Ahead

Beyond Q4, Burns believes the competitive environment for the basic apparel segment remains benign, while cotton costs are likely to be a “manageable headwind” in 2017.

“Importantly, HBI’s brand strength and cash generation remain intact,” the analyst stated, while adding, “Looking to 2017, cash deployment (acquisitions, debt pay down, share buybacks) should be a positive catalyst.”

While import tax has been a concern for the apparel industry, Hanesbrands’ supply chain position puts the company in an advantageous position.

“HBI’s supply chain benefits including 1) global diversification that mitigates risk from any one region, and 2) a significant presence within CAFTA, which is a bright spot in trade agreements,” Burns explained.

At last check, Hanesbrands shares were up 2.05 percent at $23.37.

Latest Ratings for HBI

Date Firm Action From To
Dec 2016 DA Davidson Upgrades Neutral Buy
Oct 2016 Cowen & Co. Downgrades Outperform Market Perform
Aug 2016 Citigroup Maintains Buy

View More Analyst Ratings for HBI


View the Latest Analyst Ratings

Posted-In: Andrew BurnsAnalyst Color Long Ideas News Upgrades Analyst Ratings Movers Trading Ideas Best of Benzinga





Benzinga’s Top Initiations

Courtesy of Benzinga.

Benzinga's Top Initiations

  • Analysts at UBS initiated coverage on Molson Coors Brewing Co (NYSE: TAP) with a Neutral rating. The price target for Molson Coors Brewing is set to $107. Molson Coors Brewing shares closed at $99.04 on Friday.
  • Analysts at Stifel Nicolaus initiated coverage on Hoegh LNG Partners LP (NYSE: HMLP) with a Buy rating. Hoegh LNG Partners shares closed at $17.85 on Friday.
  • Analysts at Compass Point initiated coverage of Innovative Industrial Properties Inc (NYSE: IIPR) with a Buy rating. The price target for Innovative Industrial Properties is set to $21. Innovative Industrial Properties shares closed at $16.95 on Friday.
  • Analysts at Cowen & Co. initiated coverage on Airgain Inc (NASDAQ: AIRG) with an Outperform rating. The price target for Airgain is set to $22. Airgain shares closed at $18.25 on Friday.
  • Analysts at H.C. Wainwright initiated coverage on Dicerna Pharmaceuticals Inc (NASDAQ: DRNA) with a Buy rating. The price target for Dicerna Pharmaceuticals is set to $7. Dicerna Pharmaceuticals shares closed at $3.05 on Friday.
  • Analysts at UBS initiated coverage on Integra Lifesciences Holdings Corp (NASDAQ: IART) with a Buy rating. The price target for Integra Lifesciences is set to $96. Integra Lifesciences shares closed at $79.12 on Friday.
  • Analysts at Roth Capital initiated coverage on Ritter Pharmaceuticals Inc (NASDAQ: RTTR) with a Buy rating. The price target for Ritter Pharmaceuticals is set to $6. Ritter Pharmaceuticals shares closed at $2.93 on Friday.
  • UBS initiated coverage on MiMedx Group Inc (NASDAQ: MDXG) with a Sell rating. The price target for MiMedx Group is set to $9. MiMedx Group shares closed at $9.56 on Friday.

Latest Ratings for HMLP

Date Firm Action From To
Dec 2016 Stifel Nicolaus Initiates Coverage On Buy
Nov 2016 Morgan Stanley Upgrades Equal-Weight Overweight
Aug 2016 Barclays Maintains Equal-Weight

View More Analyst Ratings for HMLP


View the Latest Analyst Ratings

Posted-In: Top InitiationsInitiation Analyst Ratings





Lockheed Martin The Latest Victim Of A Trump Tweet

Courtesy of Benzinga.

Lockheed Martin The Latest Victim Of A Trump Tweet

Defense sector investors that cheered Donald Trump’s victory on Election Day are feeling a bit more uncomfortable these days.

After blasting Boeing Co (NYSE: BA) last week for the costs associated with its Air Force One contract, Trump called out Lockheed Martin Corporation (NYSE: LMT) on Monday morning for its F-35 program.

“The F-35 program and cost is out of control. Billions of dollars can and will be saved on military (and other) purchases after January 20th,” Trump tweeted. Lockheed Martin’s stock tumbled 4.2 percent in early Monday trading.

This is certainly not the first time Trump has criticized the F-35 contract.

“When they are saying that this cannot perform as well as the planes we already have, what are [we] doing, and spending so much more money?” Trump said in a 2015 radio interview.

The F-35 contract is reportedly the largest weapons contract in U.S. history at a staggering $400 billion. Investors are understandably nervous about potential threats to the deal.

Last week, Trump called the costs associated with the Boeing Air Force One contract “out of control” and said he would “cancel” the deal.

Throughout the campaign season, Trump pledged to ramp-up defense spending in the next decade by eliminating a sequester on defense spending that would add $500 billion to the defense budget over the next decade.

Posted-In: Donald TrumpPolitics Top Stories Movers General Best of Benzinga





Michigan Legalizes Car Sales With No Steering Wheel or Brake Pedal

Courtesy of Mish.

The race between states is on. And it will escalate.

Congratulations to Michigan for leapfrogging every other state in acceleration of the global push for driverless vehicles.

Michigan not only became the first state to allow driverless testing, it also legalized sales of cars with no steering wheel or brake pedal.

driverless-car-google

Please consider Michigan Lets Autonomous Cars on Roads Without Human Driver.

Companies can now test self-driving cars on Michigan public roads without a driver or steering wheel under new laws that could push the state to the forefront of autonomous vehicle development.

The bills allow testing without burdensome regulations so the industry can move forward with potential life-saving technology, said Gov. Rick Snyder, who signed the bills. “It makes Michigan a place where particularly for the auto industry it’s a good place to do work,” he said.

The bills give Michigan the potential to be a leader by giving the companies more autonomy than say, California, which now requires human backup drivers in case something goes awry.

Here are answers to some questions about the laws:

Q: Companies are making a lot of the decisions in putting the cars on public roads. Why does the state think they’ll be safe?

A: Michigan Transportation Director Kirk Steudle says the laws put Michigan ahead of most other states with the possible exception of Florida in specifically allowing tests without a human driver. Companies, he said, will make the decision as to when the cars are ready for that, based on more than a century of experience of testing cars on public roads. Automakers have a long history of testing cars on public roads in Michigan with few, if any, incidents, Steudle says. The cars also have to comply with federal safety standards and may have to be certified as roadworthy by the National Highway Traffic Safety Administration if proposed federal guidelines are adopted. “I don’t want to regulate the vehicles. There is nobody in state government that has any knowledge to be able to say that vehicle is ready to go on the road,” Steudle said. If the vehicles crash, Steudle says they would be governed by Michigan’s no-fault insurance laws that require each driver’s insurance to pay for damage. The companies also could be sued under product liability laws, he says. The self-driving


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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

This Is The One Chart Every Trader Should Have "Taped To Their Screen"

Courtesy of Zero Hedge

After a year of tapering, the Fed’s balance sheet finally captured the market’s attention during the last three months of 2018.

By the start of the fourth quarter, the Fed had finished raising the caps on monthly roll-off of its balance sheet to the full $50bn per month (peaking at $30bn USTs, $20bn MBS, although on many months the (balance sheet) B/S does not actually shrink by this full amount which depends on the redemption schedule) and by end-Q4 markets also experienced some of the largest volatility and drawdowns in nearly a decade.

As Nomura&...



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ValueWalk

The Competition For Capital Has Made Stocks Cheap

By Michelle Jones. Originally published at ValueWalk.

The new year is upon us, and now is the time many investors look at what 2018 was and prepare for what 2019 might be. Recession jitters are starting to pick back up again, especially now that the full picture of 2018 is in the books. But what if you could pick only one theme for 2018? Jefferies strategist Sean Darby and team have a suggestion which is especially timely given that it appears to mark the end of an era.

StockSnap / PixabayVolatility carries into the new year

This past year was one of extremes, and the markets ended i...



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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 ...

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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.

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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