Archive for 2017

AMAG Pharmaceuticals Tanks After Raymond James Downgrade

Courtesy of Benzinga.

AMAG Pharmaceuticals Tanks After Raymond James Downgrade

AMAG Pharmaceuticals, Inc. (NASDAQ: AMAG) shares were seen trading lower by $10.50 at $25.20 in Monday’s session. Before the open, the issue company issued FY 2017 sales that surrounded current estimates. Also, the company announced an exclusive licensing agreement with Palatin Technologies, Inc. (NYSE: PTN) for North American rights to Rekyndatm.

However, that news has been overshadowed by a downgrade at Raymond James. The analysts changed their rating from Market Perform to Underperform. Its $4.00 plus lower opening price of $31.55 has turned out to be the high for the session.

The ensuing decline has taken the issue to $23.90, but it has rebounded back into the $25.00 handle. That low coincides with a pair of lows from November 3 and 4 at $23.80.

Latest Ratings for AMAG

Date Firm Action From To
Jan 2017 Raymond James Downgrades Market Perform Underperform
Jan 2017 Janney Capital Initiates Coverage On Buy
Dec 2016 Cantor Fitzgerald Initiates Coverage On Neutral

View More Analyst Ratings for AMAG


View the Latest Analyst Ratings

Posted-In: Analyst Color Biotech News Downgrades Technicals Intraday Update Analyst Ratings Movers





3D Systems Higher Off Takeover Chatter

Courtesy of Benzinga.

3D Systems Higher Off Takeover Chatter

3D Systems Corporation (NYSE: DDD) shares were seen trading higher by $1.40 at $15.86 in Monday’s session. The catalyst for the rally is unconfirmed rumors that the company has hired an investment banker after being approached by General Electric Company (NYSE: GE) earlier Monday.

After a flat open, the issue immediately bottomed just under Friday’s close ($14.46) at $14.32 and was beginning to inch higher, when the rumors surfaced around 9:40 a.m.

So far, the ensuing rally has taken the issue to $15.96 and is not far off that level as of 11:00 a.m. The issue has not traded in the $16 handle since October 12 when it peaked at $16.72. Also, it has not closed over $16, since the day prior when it ended that session at $16.69.

Posted-In: News Rumors Technicals M&A Intraday Update Movers Trading Ideas





FDA Has Approved Egalet’s ARYMO ER

Courtesy of Benzinga.

FDA Has Approved Egalet's ARYMO ER

The U.S. Food and Drug Administration approved Egalet Corp (NASDAQ: EGLT)’s ARYMO ER on Monday to expand the industry for opioid-based pain-management treatments. The announcement bodes well for Egalet, the shares of which responded with a 17-percent jump.

Trading was halted at 12:24.33 p.m. pending news. At the time of the freeze, shares rested at $9.12 following a day-opening price of $7.97, up 15.44 percent.

Prior to Monday, about 61 percent of the company’s shares had been shorted — a condition that may induce a short squeeze when trading resumes.

This activity follows a tumultuous year for Egalet investors.

In October, shares dropped 5 percent after the FDA delayed ARYMO ER’s Prescription Drug User Fee Act date and shook investor confidence. However, delays are typical in FDA opioid proceedings, and Cantor Fitzgerald analysts reiterated a company Buy rating at the time.

Egalet plans to launch the drug in the first quarter of 2017.

Posted-In: Analyst Color Biotech Long Ideas News Health Care Reiteration FDA Analyst Ratings Best of Benzinga





Further Upside Looks Limited For These 3 BDCs

Courtesy of Benzinga.

Further Upside Looks Limited For These 3 BDCs

Baird has downgraded business development companies Fidus Investment Corp (NASDAQ: FDUS), Monroe Capital Corp (NASDAQ: MRCC) and Main Street Capital Corporation (NYSE: MAIN) to Neutral from Outperform, saying risk/reward in these stocks appears balanced at current valuations.

Instead, the brokerage recommends OFS Capital Corp (NASDAQ: OFS) for fresh money.

“We would continue to maintain positions given attractive dividend yields but further price appreciation appears limited,” analyst Bryce Rowe wrote in a note.

For Fidus, Rowe sees limited upside to $17 target price, which suggests shares should trade at a 10 percent premium to NAV/share compared to its current 7 percent premium. The analyst trimmed his 2017 NII/share estimate to $1.49 from $1.61 to reflect from the December issuance of 3.2 million shares.

In addition, the analyst has a $16 price target on Monroe, with 2017 NII/share estimate remaining at $1.44. That said, Rowe believes consensus 2017 NII/share of $1.61 could prove high if dividend income from Rockdale Blackhawk declines.

Also, Rowe said the $37 target price on Main Street suggests the stock is trading around 170 percent of NAV/share. Longer term, the analyst believes Main Street could trade at or above 200 percent of NAV/share given its ability to generate an average return on equity about 15 percent across a full market cycle.

At Last Check

  • Fidus shares were down 3.72 percent at $16.03.
  • Main Street was down 1.11 percent at $36.42.
  • Monroe was down 1.99 percent at $15.46.
  • OFS Capital was flat at $13.98.

Latest Ratings for FDUS

Date Firm Action From To
Jan 2017 Baird Downgrades Outperform Neutral
Sep 2016 DA Davidson Initiates Coverage on Buy
Jan 2016 Janney Capital Initiates Coverage on Neutral

View More Analyst Ratings for FDUS


View the Latest Analyst Ratings

Posted-In: Baird Bryce RoweAnalyst Color News Downgrades Price Target Analyst Ratings Movers Best of Benzinga





Bernstein Downgrades Juniper Following 30% Rally

Courtesy of Benzinga.

Bernstein Downgrades Juniper Following 30% Rally

Following the strong rally in Juniper Networks, Inc. (NYSE: JNPR) shares, the stock is now trading in line with its average historical P/E multiple, Bernstein analysts said in a report, while downgrading the company to Market Perform.

Juniper’s shares recorded a steep decline over the first five weeks of 2016 due to the company’s cautious guidance and the resignation of the chief financial officer. Shares have now rebounded ~30 percent from their February lows, backed by “excellent execution and momentum in its “cloud” business in recent quarters,” the analysts mentioned.

Expectations For 2017

The 2017 estimates for Juniper have been revised upwards and now appear “very reasonable,” the analysts pointed out, adding that the expectations had increased ~3 percent in the last three to six months.

Although there is some upside potential, particularly in the first half of the year, the expectations imply a strong performance in H2, which means “the situation will become more risky as we progress into 2017,” the Bernstein report added.

Latest Ratings for JNPR

Date Firm Action From To
Dec 2016 Nomura Upgrades Neutral Buy
Dec 2016 Credit Suisse Upgrades Neutral Outperform
Nov 2016 Goldman Sachs Maintains Buy

View More Analyst Ratings for JNPR


View the Latest Analyst Ratings

Posted-In: BernsteinAnalyst Color Downgrades Analyst Ratings Tech Best of Benzinga





Best Buy, Five Below, Pier 1: 3 Of Loop’s Favorites In Specialty Hardlines Retail Sector

Courtesy of Benzinga.

Best Buy, Five Below, Pier 1: 3 Of Loop's Favorites In Specialty Hardlines Retail Sector

Loop Capital’s Anthony Chukumba picks Best Buy Co Inc (NYSE: BBY), Five Below Inc (NASDAQ: FIVE) and Pier 1 Imports Inc (NYSE: PIR) as his favorites in the specialty hardlines retail sector in 2017. Chukumba also projects the year as another “stock picker’s market” for the group given the widely diverging prospects.

A Look Forward

“As we ponder the year ahead, we believe the U.S. macroeconomic backdrop is generally favorable for specialty hardlines retailers, including rising consumer confidence, falling unemployment, a relatively stable personal savings rate, and a strengthening housing market,” Chukumba wrote in a note.

On the valuation front, the analyst said specialty hardlines retailer valuations remain fairly inexpensive due to relatively low square footage growth prospects and growing investor concern with e-commerce disintermediation.

Headwinds

Chukumba also warned that the ongoing shift to e-commerce will hit retailers in the form of gross margins and heavy investments, forcing many of them to reassess the size of their respective “brick-and-mortar” store bases.

Another key headwind for retailers in 2017 is likely to be wage inflation. The minimum wage increased in 20 U.S. states and the District of Columbia at the start of 2017, with increases ranging from $0.05 to nearly $2.00/hour. The move will benefit 4.4 million employees across the United States, with majority of those working in the retail industry.

But, the analyst says that retailers appear to have “dodged a bullet” with the November 2016 delay of the Fair Labor Standards Act.

Meanwhile, Chukumba believes the two 2017 macroeconomic “wild cards” are the impact of rising interest rates and Trump’s business policies including his import tariff proposals.

Image Credit: By Miosotis Jade (Own work) [CC BY-SA 4.0], via Wikimedia Commons

Posted-In: Analyst Color Long Ideas News Price Target Politics Reiteration Retail Sales Analyst Ratings Best of Benzinga





Keep an Eye on These 7 Stocks for January 9, 2017

Courtesy of Benzinga.

Keep an Eye on These 7 Stocks for January 9, 2017

Some of the stocks that may grab investor focus today are:

  • Wall Street expects Acuity Brands, Inc. (NYSE: AYI) to report quarterly earnings at $2.16 per share on revenue of $894.94 million before the opening bell. Acuity Brands shares fell 0.55 percent to close at $237.36 on Friday.
  • Analysts expect A Schulman Inc (NASDAQ: SHLM) to post quarterly earnings at $0.45 per share on revenue of $621.22 million after the closing bell. A Schulman shares gained 1.93 percent to close at $34.40 on Friday.
  • Before the opening bell, Global Payments Inc (NYSE: GPN) is projected to report its quarterly earnings at $0.85 per share on revenue of $805.48 million. Global Payments shares rose 1.40 percent to close at $74.45 on Friday.
  • Stage Stores Inc. (NYSE: SSI) reported a drop in its holiday season same-store sales and lowered its earnings guidance. The retailer’s same-store sales dropped 7.3 percent for the nine-week period ending December 31, 2016. Stage Stores declined 2.68 percent to close at $4.00 on Friday.

Find out what’s going on in today’s market and bring any questions you have to Benzinga’s PreMarket Prep.

  • Analysts are expecting Commercial Metals Company (NYSE: CMC) to have earned $0.16 per share on revenue of $1.11 billion in the latest quarter. Commercial Metals will release earnings after the markets close. Commercial Metals shares fell 1.48 percent to close at $22.60 on Friday.
  • After the markets close, WD-40 Company (NASDAQ: WDFC) is estimated to post its quarterly earnings at $0.87 per share on revenue of $96.31 million. WD-40 shares rose 0.08 percent to close at $119.25 on Friday.
  • Analysts expect Apollo Education Group Inc (NASDAQ: APOL) to post quarterly earnings at $0.19 per share on revenue of $494.60 million after the closing bell. Apollo Education shares gained 0.10 percent to close at $9.95 on Friday.

Posted-In: Stocks To WatchEarnings News Guidance Retail Sales Pre-Market Outlook Markets Trading Ideas





Yuan Is Crashing (Again)

Courtesy of ZeroHedge. View original post here.

The volatility in the Chinese currency has gone from the sublime to the ridiculous. After exploding 21 handles stronger in the biggest PBOC-engineered short-squeeze in history – erasing the entire post-election sell-off – offshore Yuan is now collapsing once again, down 350 pips tonight (and over 10 big figures from Thursday’s highs). While interbank rates have calmed down, the rush to exit the currency has not…

The last two days are the biggest drop in offshore Yuan since Aug 2015′s devaluation… as PBOC weakens its fix by the most sine June 2016.

Pushing historical volatility to its highest since the Aug 2015 devaluation…

For some context, this level of volatility is over 10 standard deviations away from the pre-Aug 2015 norms.

Notably the moves accelerate afterPBOC Advisor Fan Gang told Bloomberg TV…

  • *PBOC WANTS TO SEE FX RESERVES REDUCE SMOOTHLY, GRADUALLY: FAN
  • *CHINA POLICY MAKERS NOT LIKELY GO FURTHER ON OUTFLOW CURBS: FAN
  • *YUAN OVERVALUED IN PAST 3-4 YEARS AGAINST DOLLAR: FAN
  • *CHINA POLICY MAKERS NOT LIKELY TO DROP INTERVENTION: FAN
  • *USE OF YUAN HAS INCREASED DESPITE RECENT DEPRECIATION: FAN
  • *CHINA NEEDS LESS FX RESERVE AFTER YUAN’S INCLUSION IN SDR: FAN

Which was followed by the state-run Global Times newspaper says in an English-language editorial, saying that the Chinese people will demand its government to “take revenge” if Donald Trump reneges on the one-China policy after becoming U.S. President.





Weekly Market Recap Jan 8, 2017

Courtesy of Blain.

The week that was…

Another good week for bulls as a Monday holiday was followed by 3 days of gains mixed in with 1 very tiny pullback Thursday.   Dow 20K remained a tease.

djia

It is worth noting large cap technology was a big laggard in the Trump rally; those stocks finally woke up Thursday and Friday this week.

The first week of the month is very heavy on economic data so let’s review:

  • Tuesday – the Institute for Supply Management said its manufacturing index climbed to 54.7 in December from 53.2. The reading was higher than expected, and the highest level in two years.  Any reading over 50 signifies expansion.
  • Also Tuesday, a read on construction spending rose 0.9% in November, above expectations and the sixth increase of the past seven months.
  • Wednesday, minutes from the Federal Reserve’s December meeting were released in which it was inferred interest-rate hikes may come at a faster-than-expected pace.
  • Thursday, ISM Services came in at 57.2, 0.1 ahead of expectation.
  • Friday, the government said the economy created 156,000 jobs last month, below the consensus of 180,000 forecast by economists. However, sharp upward revisions for November jobs number and a slight trimming of October number means the latest payrolls were more or less in line, according to analysts.  More importantly, wage growth—often seen as a precursor to inflation—picked up to mark the fastest annual increase since a recovery that began in mid-2009.

As we wrote last week we focus on the U.S. market but we like to look overseas from time to time – look at the Japanese index since Trump’s election; pretty interesting action for a country that loves to export … and people expecting some sort of trade war.

nikk

Byron Wein is in his 32nd year of making “surprise” predictions (these are outlier type events) – always a fun read.

“The purpose of The Ten Surprises is to stretch my thinking (and hopefully yours) about what might happen in the coming year,” Wien wrote in a column for Barron’s. “I don’t tamp down the


continue reading





Weekly Market Recap Jan 8, 2016

Courtesy of Blain.

The week that was…

Another good week for bulls as a Monday holiday was followed by 3 days of gains mixed in with 1 very tiny pullback Thursday.   Dow 20K remained a tease.

djia

It is worth noting large cap technology was a big laggard in the Trump rally; those stocks finally woke up Thursday and Friday this week.

The first week of the month is very heavy on economic data so let’s review:

  • Tuesday – the Institute for Supply Management said its manufacturing index climbed to 54.7 in December from 53.2. The reading was higher than expected, and the highest level in two years.  Any reading over 50 signifies expansion.
  • Also Tuesday, a read on construction spending rose 0.9% in November, above expectations and the sixth increase of the past seven months.
  • Wednesday, minutes from the Federal Reserve’s December meeting were released in which it was inferred interest-rate hikes may come at a faster-than-expected pace.
  • Thursday, ISM Services came in at 57.2, 0.1 ahead of expectation.
  • Friday, the government said the economy created 156,000 jobs last month, below the consensus of 180,000 forecast by economists. However, sharp upward revisions for November jobs number and a slight trimming of October number means the latest payrolls were more or less in line, according to analysts.  More importantly, wage growth—often seen as a precursor to inflation—picked up to mark the fastest annual increase since a recovery that began in mid-2009.

As we wrote last week we focus on the U.S. market but we like to look overseas from time to time – look at the Japanese index since Trump’s election; pretty interesting action for a country that loves to export … and people expecting some sort of trade war.

nikk

Byron Wein is in his 32nd year of making “surprise” predictions (these are outlier type events) – always a fun read.

“The purpose of The Ten Surprises is to stretch my thinking (and hopefully yours) about what might happen in the coming year,” Wien wrote in a column for Barron’s. “I don’t tamp down the


continue reading





 
 
 

Zero Hedge

Will The US Slap Sanctions On Nord Stream 2?

Courtesy of ZeroHedge. View original post here.

Authored by Nick Cunningham via OilPrice.com,

There is a growing push in the U.S. Congress to slap sanctions on the Nord Stream 2 pipeline.

The pipeline under construction would carry Russian natural gas to Germany, and has been a lightning rod of controversy both in Europe and across the Atlantic. Many governments and officials from Eastern Europe fear deeper dependence on Russia for gas supplies, a sentiment echoed by the U.S. government. Meanwhile, many in Western Europe are less concerned,...



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Phil's Favorites

US is already fighting a conflict with Iran - an economic war that is hurting the wrong people

 

Embed from Getty Images

 

US is already fighting a conflict with Iran – an economic war that is hurting the wrong people

Courtesy of David Cortright, University of Notre Dame

Many are worried about the risk of war with Iran after the Trump administration leaked discussions of a troop deployment in response to claimed threats to U.S. warships in the region.

And in r...



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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 ...



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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 readtheticker.com 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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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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