Archive for 2018

After Cobham Deal, Viavi Solutions Has Further M&A Opportunity, Analyst Says

Courtesy of Benzinga.

After Cobham Deal, Viavi Solutions Has Further M&A Opportunity, Analyst Says

Viavi Solutions Inc (NASDAQ: VIAV) shares rose 15.3 percent Friday following the announcement that it would buy COBHAM (OTC: CBHMF)’s AvComm and wireless test and measurement businesses for $455 million in cash.

The Analyst

Loop Capital Markets analyst James Kisner upgraded shares of Viavi from Hold to Buy and increased the price target from $9.50 to $11.

The Thesis

Viavi’s fundamentals are improving, as shown in its better-than-expected second-quarter earnings report Feb. 1, Kisner said in a Monday note. 

The network enablement business, which accounts for about 60 percent of the company’s sales, outperformed in the December quarter and was helped by DOCSIS 3.1 deployments at cable operators the analyst said. 

The deployment of DSL technology could further benefit Viavi later in the year, Kisner said. Viavi’s anti-counterfeiting business, which is cyclical in nature, is expected to rebound in calendar 2018, he said.  

The Cobham transaction increases Viavi’s exposure to wireless testing applications — a positive, the analyst said. Loop Capital Markets proejcts a higher operating margin and 50-percent EPS accretion as a result of the acquisition. 

“With minimal financial leverage … post the acquisition of the Cobham businesses and nearly $5 billion in [net operating losses], we believe Viavi has the capacity to make further significantly accretive acquisitions in the future,” Kisner said. 

Loop Capital Markets lowered its 2019 estimates for Viavi to reflect the company’s lowering of its 2018 3-D sensing forecast. 

“While we can’t help but feel some hesitation to upgrade a stock that has just appreciated 15 percent, we are now convinced there’s likely further upside after considering the accretion potential of the Cobham acquisition and the possibility for other accretive acquisitions,” Kisner said. 

The Price Action

Viavi was down 2.3 percent at $9.77 at the time of publication Monday afternoon. 

Related Links:

The Companies Behind

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ICYMI: Super Bowl Commercials, Nvidia, Roku, And A Bitcoin Bull

Courtesy of Benzinga.

ICYMI: Super Bowl Commercials, Nvidia, Roku, And A Bitcoin Bull

In case you missed it, here are some of Benzinga’s top stories from Monday, Feb. 5, 2018.


Days after being targeted by short-sell outfit Citron Research, NVIDIA Corporation (NASDAQ: NVDA) was back in the news with an autonomous vehicle partnership announcement. Get all the technical details in Elizabeth Balboa’s “Nvidia Partners With Continental On AI Self-Driving Cars.”

Short Roku At Your Own Risk

Needham’s Laura Martin has been pounding the table on Roku Inc (NASDAQ: ROKU) for a while now. See six reasons she says short sellers should close their bearish trades on this streaming pure-play in Jayson Derrick’s “Roku Analyst Warns Short Sellers To Close Their Positions.”

‘Be Greedy When Others Are Fearful’

Investor extraordinaire Warren Buffett once famously advised taking a contrarian view to the vicissitudes of market sentiment, but should one apply a similar philosophy when it comes to the cryptocurrency craze and its recent correction? Yes — at least according to one bitcoin bull.

The Super Bowl’s Commercials, Ranked

LikeFolio found out which commercials featured during the 2018 Super Bowl were viewers’ most liked. See if your favorites made the list in Andy Swan’s “The Most Loved And Hated Super Bowl LII Commercials: Pepsi Steals The Show, Diet Coke Falls Flat.”

Latest Ratings for ROKU

Date Firm Action From To
Jan 2018 Citigroup Downgrades Neutral Sell
Jan 2018 Morgan Stanley Downgrades Equal-Weight Underweight
Nov 2017 Needham Reiterates Buy Buy

View More Analyst Ratings for ROKU

View the Latest Analyst Ratings

Posted-In: Analyst Color Cryptocurrency News Short Sellers Previews Sports After-Hours Center Markets Best of Benzinga

Norwegian Cruise Line Geared to Capture Upside, Analyst Says

Courtesy of Benzinga.

Norwegian Cruise Line Geared to Capture Upside, Analyst Says

Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) is likely to benefit from continuing sector momentum, according to JPMorgan.

The Analyst

JPMorgan analyst Joseph Greff upgraded shares of Norwegian Cruise Line from Neutral to Overweight and increased the price target from $62 to $70.

The Thesis

The upgrade is based on healthy industry demand and pricing trends; channel checks that revealed the most pricing momentum for Norwegian Cruise Line; and the attractive valuation of the shares, Greff said in a Monday note.

Despite holding Royal Caribbean Cruises Ltd (NYSE: RCL) as his favorite pick in the cruise line space, the analyst said the entire sector will outperform thanks to strong macro and secular tailwinds — offsetting supply growth and fuel price headwinds.

Norwegian Cruise Line is best-positioned to capitalize on strong U.S. consumer demand, Greff said. 

When Norwegian reports fourth-quarter results later this month, JPMorgan expects a relatively upbeat quarter, with strength in the North American segment. Guidance toward moderate yield growth and earnings per share growth in the mid-teens for 2018 are projected, Greff said. 

Investors will likely focus on management’s tone regarding China and Caribbean second-quarter trends, the analyst said. 

The Price Action

Norwegian Cruise Line shares are up about 24 percent over the past year.

Related Links:

4 January Consumer Stock Picks From William Blair

Berenberg: Fuel Prices Could Hurt Royal Carribean Cruises

Latest Ratings for NCLH

Date Firm Action From To
Feb 2018 JP Morgan Upgrades Neutral Overweight
Feb 2018 Morgan Stanley Maintains Equal-Weight Equal-Weight
Jan 2018 SunTrust Robinson Humphrey Upgrades Hold Buy

View More Analyst Ratings for NCLH

View the Latest Analyst Ratings

Posted-In: cruise lines Joseph GreffAnalyst Color Upgrades Price Target Travel Analyst Ratings General Best of Benzinga

With ‘Favorable’ Macro Climate, Piper Jaffray Turns Bullish On VF Corp

Courtesy of Benzinga.

With 'Favorable' Macro Climate, Piper Jaffray Turns Bullish On VF Corp

VF Corp (NYSE: VFC) shares have already gained more than 60 percent over the past year, but the macro backdrop gives the stock another leg of growth ahead, according to Piper Jaffray.

The Analyst

Piper Jaffray’s Erinn Murphy upgraded VF’s stock rating from Neutral to Overweight with a price target boosted from $85 to $91.

The Thesis

An upgrade of apparel and footwear maker VF is likely to receive “some investor pushback,” but a handful of positive factors support incremental upside in the stock, Murphy said in the Monday upgrade note. (See the analyst’s track record here.) 

The macro environment, including tax reform and a favorable consumer spending environment, remains supportive for VF’s outlook, Murphy said. 

VF’s acquisition of Williamson-Dickie adds to VF’s workwear brand at an opportune time, the analyst said. The work wear segment will likely ramp quicker than management’s original guidance of a 4-percent long-term sales compounded annual growth rate, she said. By 2021, the business could contribute an extra 34 cents per share to VF’s EPS, Murphy said. 

VF’s older brands like Vans are executing well after a reset in Europe, the analyst said. The brand is likely to be worth less than $4 billion, which implies there is room for “significant” upside compared to peers like Puma, valued at $7 billion, according to Piper Jaffray. 

VF should be viewed as a company that boasts not only strong underlying growth in its outdoor and action sports coalition, with upside potential over time from the Williamson-Dickie’s acquisition — which may not be factored into expectations, Murphy said. 

Price Action

Shares of VF were trading higher by 1.6 percent Monday morning at $81.19, which is within striking distance of the stock’s all-time high of $82.95.

Related Links:

11 Dividend Growth Stocks To Watch In 2018

In Sports Retail, Expect A Challenging Year

Photo by Pedro Ribeiro Simoes/Wikimedia. 

Latest Ratings for VFC

Date Firm Action From To
Feb 2018 PiperJaffray Upgrades Neutral Overweight
Feb 2018 Barclays Initiates Coverage On Overweight
Oct 2017 Citigroup Maintains Neutral

View More Analyst Ratings for VFC

View the Latest Analyst Ratings

Posted-In: Apparel Erinn Murphy Footwear Piper JaffrayAnalyst Color Upgrades Price Target Analyst Ratings Best of Benzinga

Margin Expansion, Conservative Guidance Justify Nokia Upgrade, Says BofA Analyst

Courtesy of Benzinga.

Margin Expansion, Conservative Guidance Justify Nokia Upgrade, Says BofA Analyst

After the recent market sell-off, investors are looking around for attractive values to buy on the dip — and one analyst said Nokia Oyj (ADR) (NYSE: NOK) is one of those deals.

The Analyst

Bank of America analyst Tal Liani upgraded Nokia from Neutral to Buy and raised the price target from the U.S. dollar equivalent of $5.60 to $6.53.

The Thesis

The recent jump in Nokia shares following fourth-quarter earnings was just the beginning of what the stock is capable of in 2018, given its opportunity to expand its operating margins from 10 percent to 14 percent by 2020, Liani said in a Monday note. 

Nokia’s guidance is also on the conservative side, leaving plenty of room for upside surprise, the analyst said. 

“Nokia’s market guidance of negative 2-4-percent may prove overly pessimistic versus Ericsson’s [negative 2 percent], especially given [that] Nokia’s broad wireline portfolio brings more stability.” 

An IP routing product cycle will likely begin in the second half of 2018, and cost-cutting after the Alcatel deal could help Nokia exceed operating margin guidance, Liani said. In 2017, Nokia nearly tripled its targeted cost-cutting goals.

Finally, Liani is optimistic 5G rollouts will help improve the capex environment throughout 2018. 

Nokia’s diversification following the Alcatel-Lucent acquisition gives the company a unique positioning in the market, and cost synergies, upcoming product cycles and an improving market all make the stock a compelling value at its current price, Liani said. 

Price Action

Nokia stock was up 0.37 percent at the time of publication Monday afternoon.

Related Links:

Texting Turns 25: A Look At Its Transformative Role In US Commerce

Analysis: Government 5G Network Unlikely, Despite Reports

Photo courtesy of Nokia. 

Latest Ratings for NOK

Date Firm Action From To
Feb 2018 Bank of America Upgrades Neutral Buy
Feb 2018 MKM Partners Upgrades Neutral Buy
Jan 2018 Goldman Sachs Downgrades Buy Neutral

View More Analyst Ratings for NOK

View the Latest Analyst Ratings

Posted-In: Bank of America Tal Liani wirelessAnalyst Color Upgrades Price Target Analyst Ratings Best of Benzinga

Watch As Drone ‘Dive-Bombs’ US Passenger Jet Landing In Vegas Airport

Courtesy of ZeroHedge. View original post here.

Drone racing is a high-tech sport sweeping across the United States. Millennials are rushing to become the next drone pilot building these fast and agile multi-rotor crafts in their parents’ basements.

All of these drones are controlled through FPV (First Person View) systems. FPV is a type of flying system where pilots use cameras to fly drones as if they were sitting in the cockpit. Some pilots fly using FPV monitors, whereas others use specialized goggles to give them a more immersive experience.

According to the Federal Aviation Administration’s (FAA) Michael Huerta said back in March 2017 that more than 777,000 drone registrations have been filed with the agency.

With that being said, the Federal Aviation Administration has created a list of rules called the Small Unmanned Aircraft Regulations (Part 107), which outlines what not to do while piloting a drone in U.S. airspace.

Granted, in the latest installment of absolute foolishness, the Federal Aviation Administration is investigating an incident in which someone piloted a racing drone feet from a jetliner on approach to land at McCarran International Airport in Las Vegas.

Ian Gregor, public affairs for the FAA Western-Pacific Region said, “We became aware of this incident this afternoon and we are investigating.”

A person who goes by the name, ‘James Jayo Older’ posted the video online to a Facebook group called “1% FPV.” In the post, he said, “Found the SD card.. 1%ers only.” The video shows the racing drone hovering in the flight path and then dive bombing the jetliner in a swoop maneuver.

By using landmarks in the video, the incident occurred approximately 3.14 miles away from McCarran International Airport, which could be a violation of FAA rules if the operator failed to the call air traffic control tower.

Nevertheless, dive bombing a jetliner is an unsafe practice, and the operator “could face fines from of up to $1,437 per violation, while businesses that fly unsafely can face fines of up to $32,666 per violation.,” said Las Vegas Now.

To make matters worse, the operator could also “face federal criminal penalties including fines of up to $250,000 and/or imprisonment for up to three years,” added Las Vegas Now.

Drone organizations have already condemned the incident.

“This pilot’s actions not only endangered the flying public but has the potential to discredit an entire sUAS industry,” Drone U said. “It is the opinion of Drone…
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Killik Explains: How to save and invest

By joniferdingcong. Originally published at ValueWalk.

I am delighted to launch my brand new Killik Explains educational guides for savers and investors. Here is a short summary of what to expect.


The post Killik Explains: How to save and invest appeared first on ValueWalk.

Sign up for ValueWalk’s free newsletter here.

North Korea Used Berlin Embassy To Smuggle Nuclear Tech, German Spy Chief Claims

Courtesy of ZeroHedge. View original post here.

North Korea obtained ballistic missile equipment and technology using its embassy in Berlin, says the head of Germany’s domestic intelligence agency, Hans-Georg Maassen in an interview with public broadcaster NDR. 

“We determined that procurement activities were taking place there, from our perspective with an eye on the missile program, as well as the nuclear program to some extent” -Hans-Georg Maassen


Hans-Georg Maassen

On Saturday, NDR released portions of the Maassen interview – with the full program airing Monday.


North Korea embassy, Berlin

Maassen did not divulge the exact technology and equipment North Korea procured through the Berlin embassy, aside from that they were so-called “dual-use” goods that can be used for military oir civilian purposes – making it difficult in some cases to identify technology to be used in the ballistic missile program.

We found out that there were procurement activities from there, from our point of view with regard to the rocket program, and partly also to the nuclear program,” Massen told NDR. “If we find such things, we prevent it. But we cannot guarantee that this can be detected and prevented by us in all cases.”

Pyongyang also used a variety of other methods to procure the parts, which “were acquired via other markets, or that shadow firms had acquired them in Germany,” before reaching North Korea, says Maassen. 

The BfV obtained information on North Korea’s procurements in 2016 and 2017, according to an investigation by NDR. These items were allegedly used for the country’s missile program.

In 2014, a North Korean diplomat reportedly tried to obtain a “multi-gas monitor” that is used in the development of chemical weapons. -DW

According to NDR, a longtime UN investigator has raised complaints that the trade embargo against North Korea is a joke, and has “more loopholes than stuffed holes,” (translated). The NDR report comes on the heels of a UN report that north Korea has been ignoring sanctions – having earned $200 million from banned exports in 2017. 

Meanwhile – as we reported in January the Chinese military has been amassing assets near their shared border with North Korea around the Tumen River in Yanji city, Jilin province. 

One source told the Daily NK, “there were so many soldiers in the car that there was a…
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Ex-CIA Chief Lashes Out At Nunes: “He Abused His Office”

Courtesy of ZeroHedge. View original post here.

Former CIA Director John Brennan had harsh words for House Intelligence Chairman Devin Nunes on Sunday morning, calling the controversial four-page "FISA memo" created by Nunes' staffers "exceptionally partisan" and that Nunes has "abused the office" by refusing to allow Democrats on his committee to make their own rebuttal document public. 


"That Devin Nunes and Republicans denied the ability of the minority, the Democratic members of that committee, to put out its report is just appalling. I think it, it really underscores just how partisan Mr. Nunes has been. He has abused the office of the chairmanship of HPSCI. And I don't say that lightly," said Brennan on NBC's Meet the Press

WATCH: Former CIA Director John Brennan on NBC says Devin Nunes has "abused the office of the chairmanship" to protect Trump and that blocking Democrats from releasing their own memo is "appalling"

DNC Press (@dncpress) February 4, 2018

The ex-CIA chief, who last June called for a coup if Trump fires Mueller, defended the controversial "Trump-Russia" dossier assembled by former UK spy Christopher Steele which the FBI used to secure a FISA warrant to surveil one-time Trump advisor Carter Page – saying that the dossier did "not play any role whatsoever in the intelligence community assessment" presented to President Obama and President-elect Trump.

Steele Dossier did "not play any role whatsoever in the intelligence community assessment" that was presented to President Obama and then President-elect Trump, says Fmr CIA Director John Brennan#MTP #TrumpObstructed #Impeach #SuperBowl

Scott Dworkin (@funder) February 4, 2018

The Steele-authored dossier created by opposition research firm Fusion GPS (and which relies on senior Russian officials) was funded in part by Hillary Clinton and the DNC. While Nunes and the House Intel GOP claim in their memo that the dossier was used to obtain the FISA warrant on Carter Page, other Congressional Republicans have suggested that the Steele document was used to justify the FBI's larger counterintelligence operation against Trump and his associates. 

Watch the full interview here:

Art Berman: When Oil Longs Outnumber Shorts, It “Always Leads To A Correction”

Courtesy of ZeroHedge. View original post here.

The legalization of US oil exports may have "changed the game" for global oil prices – especially WTI – but that doesn't mean old pricing models like the inverse correlation between inventories and prices still apply.

At least that's what Art Berman, a petroleum geologist and the featured guest on this week's episode of MacroVoices, told host Erik Townsend back in October during a previous appearance on the program. Berman argued this to justify his bet that oil prices would continue to head higher while causing the spread between WTI and Brent to compress.

And as it turns out, Berman had it right: WTI climbed above $70 for the first time in three years last month, the strongest signal yet that the bear market in oil that's contributed to a string of bankruptcies in the oil patch and a devastating economic crisis in Venezuela is finally over, and that the long-anticipated "rebalancing" of inventories and prices has begun.

For Berman believes that, even though the price of oil has nearly doubled since June, the commodity has a long way to climb as accelerating economic growth and coordinated production cuts more than offset the impact of US exports and the booming shale industry in the US and Canada.

Berman explains, using slides from his latest chart deck, how OPEC's response to the growing threat from the North American shale industry has been the dominating factor in energy markets since 2014. By reducing production, OPEC has shifted the WTI futures curve from Contango to Backwardation – a strong signal that prices will continue higher.

But, as with many things that we’ve seen in this market since prices collapsed three years ago, the rules are different this time. And when we’ve seen long positions so outnumber the shorts in the past couple of years, it always leads to a correction. I think the reason for that is that those were periods of sentiment-based excursion from the yield curve.

Still, Berman admits that speculation ultimately is the guiding force for oil markets, and that the record net long positioning in WTI futures could trigger a sharp correction if something triggers a vicious short squeeze. Right now, WTI longs outnumber shorts 12:1.

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Phil's Favorites

Overpriced tech IPOs sell grand visions but aren't worth their valuations


Overpriced tech IPOs sell grand visions but aren't worth their valuations

rblfmr /

Courtesy of John Colley, Warwick Business School, University of Warwick

The year of the tech IPO is 2019. Uber went public on May 10 with a US$82.4 billion valuation. Fellow ride-sharing app Lyft floated in March with a U$24 billion valuation and Pinterest had a US$10 billion IPO in April...

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Zero Hedge

Futures Slides As Trade Tensions Escalate

Courtesy of ZeroHedge. View original post here.

S&P futures were lower on Wednesday as investors sought safety in bonds, the Japanese yen and Swiss franc in muted trade amid renewed worries over the U.S.-China spat after reports Washington is considering cutting off the flow of American technology to as many as five Chinese companies including Hangzhou Hikvision Digital Technology, the world's largest supplier of video surveillance products, expanding the US crackdown on China beyond Huawei to include world leaders in video surveillance. The dollar and 10Y yield were unchanged ahead of today's FOMC Minutes.


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Kimble Charting Solutions

Emerging Markets About To Submerge If 3-Year Support Breaks?

Courtesy of Chris Kimble.

Are Emerging Markets about to “Submerge” and head a good deal lower? What they do at (3) will go a long way in answering this question!

Emerging Markets ETF (EEM) has been lagging the broad market for the past 15-months. They hit their 50% retracement level of the last year’s highs and lows and falling resistance at (2) recently. The weakness of last has EEM trading below its 200-MA line.

EEM has spent the majority of the past 3-years inside of rising channel (1), which reflects that this trend remains up. The weakness of late has it testing the bo...

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Insider Scoop

Amgen To Buy Danish Collaborator Nuevolution For $167M

Courtesy of Benzinga.

Amgen, Inc. (NASDAQ: AMGN) took a logical step forward in buying a preclinical biotech it has been collaborating with since 2016. 

What Happened

Amgen announced Wednesday an agreement to buy Copenhagen-based Nuevolution for $167 million.

Th... more from Insider

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

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


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

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

Courtesy of David M. Gilbert, Florida State University


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

By Jacob Wolinsky. Originally published at ValueWalk.

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

rawpixel / Pixabay

Friends and Fellow Investors:

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

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Members' Corner

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

Are you ready to retire?  

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

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

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

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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism


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

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

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Swing trading portfolio - week of September 11th, 2017

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


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

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

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

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

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Free eBook - "My Top Strategies for 2017"



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

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:


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


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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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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.

Market Shadows >>