Archive for 2018

Weekly Market Recap Feb 11, 2017

Courtesy of Blain.

The non stop up, low volatility market appears to finally be done with.   For nearly a year and a half it’s been rare to see even a down 0.3% day, forget the more normal 0.5%, 0.7%, heck 1% down days.    A lot of decades long records were broken in that time in terms of volatility, and for anyone trying to trade both sides of the tape and not just “up” it was a very strange period.   Finally some volatility has returned.  The S&P 500 had only closed below the 20 day moving average TWICE in half a year – very head scratching.  Finally that changed.  Stuff like this changed Monday:

The S&P 500 had gone 406 sessions without such a decline, marking the longest period without a 5% pullback in 20 years.

Entering this past week the market was extremely oversold – so it was not so much a question of would there be a rally early in the week.  But what would happen AFTER the rally.  So many had been conditioned to buy ANY dip as bulls were bullet proof for so long.   So a few surprising things this week – (a) Monday was really bad even though markets were extremely oversold; that’s certainly different than any recent behavior.   The oversold rally finally came Tuesday.  But (b) instead of a straight shot back up to the moon as many have come to expect – another significant decline followed Thursday, trapping many of those who “buy every dip because you get rewarded”.  So that is also a change in character.   There was a nice rally Friday afternoon but at this point we definitely have a different market than we’ve seen since Election night 2016.  Which at least for us market commentators – makes for a lot more interesting writing!

Randy Frederick, vice president of trading and derivatives for Charles Schwab, noted that stocks have “been going almost straight up since the start of the year,” which meant a pullback was both “expected and healthy” in his


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8 Stocks To Watch For February 12, 2018

Courtesy of Benzinga.

8 Stocks To Watch For February 12, 2018

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

  • Wall Street expects Restaurant Brands International Inc (NYSE: QSR) to report quarterly earnings at $0.57 per share on revenue of $1.26 billion before the opening bell. Restaurant Brands shares rose 0.14 percent to close at $56.51 on Friday.
  • Analysts expect Molina Healthcare, Inc. (NYSE: MOH) to post quarterly earnings at $0.18 per share on revenue of $4.97 billion after the closing bell. Molina Healthcare shares gained 0.58 percent to close at $78.44 on Friday.
  • Before the markets open, First Data Corp (NYSE: FDC) is projected to report quarterly earnings at $0.44 per share on revenue of $1.93 billion. First Data shares slipped 0.44 percent to close at $15.83 on Friday.
  • Terreno Realty Corporation (NYSE: TRNO) disclosed a mixed stock offering. However, terms of the offering were not disclosed. Terreno Realty shares gained 2.37 percent to close at $32.86 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 Loews Corporation (NYSE: L) to have earned $0.71 per share in the latest quarter. Loews will release earnings before the markets open. Loews shares gained 1.48 percent to close at $46.73 on Friday.
  • After the markets close, FMC Corp (NYSE: FMC) is projected to post quarterly earnings at $1.05 per share on revenue of $994.96 million. FMC shares climbed 2.26 percent to close at $82.68 on Friday.
  • Vulcan Materials Company (NYSE: VMC) raised its quarterly dividend from $0.25 per share to $0.28 per share. Vulcan Materials shares gained 2.91 percent to close at $125.00 on Friday.
  • Wall Street expects Genpact Limited (NYSE: G) to post quarterly earnings at $0.41 per share on revenue of $722.96 million after the closing bell. Genpact shares rose 1.62 percent to close at $31.95 on Friday.

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





44 Biggest Movers From Friday

Courtesy of Benzinga.

Gainers

  • Wesco Aircraft Holdings Inc (NYSE: WAIR) shares rose 27.48 percent to close at $8.35 following better-than-expected quarterly profit.
  • TrovaGene, Inc. (NASDAQ: TROV) climbed 24.43 percent to close at $0.3983. Trovagene presentd data showing synergy of PCM-075 in combination with Zytiga® in castration-resistant prostate cancer model at the 2018 Genitourinary Cancers Symposium.
  • Alliance One International, Inc. (NYSE: AOI) shares jumped 22.69 percent to close at $15.95 on Friday. Alliance One International reported Q3 earnings of $9.80 per share on revenue of $477 million.
  • Inpixon (NASDAQ: INPX) shares climbed 21.64 percent to close at $3.71 on Friday after falling 19.74 percent on Thursday.
  • Pieris Pharmaceuticals Inc (NASDAQ: PIRS) rose 20.14 percent to close at $8.59 after Seattle Genetics reported a multi-program immuno-oncology collaboration deal with Pieris Pharma.
  • Mobileiron Inc (NASDAQ: MOBL) shares jumped 20 percent to close at $4.80 following strong quarterly results.
  • Ion Geophysical Corp (NYSE: IO) gained 19.52 percent to close at $27.55.
  • Unisys Corporation (NYSE: UIS) climbed 18.56 percent to close at $9.90 Unisys reported Q4 earnings of $0.77 per shares on sales of $746.6 million.
  • MCBC Holdings Inc (NASDAQ: MCFT) surged 18.29 percent to close at $26.32 on better-than-expected Q2 results.
  • Viveve Medical, Inc. (NASDAQ: VIVE) rose 18.13 percent to close at $4.43.
  • Catalyst Biosciences, Inc. (NASDAQ: CBIO) jumped 17.85 percent to close at $32.15. Catalyst Biosciences has high expectations for its therapy for the treatment of hemophilia B.
  • Xenon Pharmaceuticals Inc. (NASDAQ: XENE) rose 16.67 percent to close at $3.50.
  • Park City Group, Inc. (NASDAQ: PCYG) gained 16.18 percent to close at $10.05 after the company reported Q2 results.
  • Avinger Inc (NASDAQ: AVGR) shares gained 15.09 percent to close at $4.50 on Friday.
  • Aquinox Pharmaceuticals Inc (NASDAQ: AQXP) shares jumped 14.25 percent to close at $15.31 after the company issued an enrollment update for LEADERSHIP 301 clinical trial of rosiptor.
  • Malibu Boats Inc (NASDAQ: MBUU) gained 11.33 percent to close at $33.40 following upbeat Q2 results.
  • FireEye Inc (NASDAQ: FEYE) gained 9.35 percent


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“Make Sports, Not War”

Courtesy of ZeroHedge. View original post here.

Authored by Eric Margolis via LewRockwell.com,

Considering that a nuclear conflict over North Korea appeared imminent in recent weeks, the winter Olympics at Pyeongchang, South Korea, is a most welcome distraction – and might even deter a major war on the peninsula.

The highlight of the games was the arrival of Kim Yo-jong, the younger sister of North Korea’s ruler, Kim Jong-un. This was the first time a member of North Korea’s ruling Kim dynasty had come to South Korea. Her handshake with South Korea’s president, Moon Jae-in was a historic and welcome moment.

So too the planned joint marches by North and South Korean athletes under a new reunification flag.  For all Koreans, this was a deeply emotional and inspiring ceremony.

But not for US Vice President Mike Pence, who was sent by Trump to give the Olympics the evil eye.  He even refused to stand for the joint marchers in a surly act that spoke volumes about his role.  Whether he meets President Moon or Kim Yo-jong remains to be seen. Even a cup of tea between Pence and Kim could end all the crazy talk about nuclear war. Does anyone in Washington know that North Korea lies between China and Russia?

All this drama is happening as the Trump White House is advocating giving North Korea a `bloody nose.’  Meaning a massive bombing campaign that could very likely include nuclear weapons.  Trump, who received a reported five exemptions from military service because of a little bone spur in his foot, revels in military affairs and thinks a ‘bloody nose’ will warn Kim Jong-un to be good. Trump is planning a big military parade at which he will take the salute.

This writer went through US Army basic and advanced infantry training with a broken bone in my foot, and has no sympathy with the president’s militaristic pretensions.

South Korea’s able president Moon is moving heaven and earth to prevent a war in which his nation would be the main victim. 

Some 2-3 million Korean civilians died in the 1950-53 Korean War.  All North Korea and much of South Korea were bombed flat by US air power.  Now, as tensions surge, US heavy bombers and nuclear weapons ring North Korea, ready to flatten the north and make the rubble bounce.

North Korea’s thousands…
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CORPORATE BUYBACKS DESTROY SHAREHOLDER VALUE

By joniferdingcong. Originally published at ValueWalk.

In the last 12 months S&P 500 companies have repurchased $517 billon of their own stocks. Simply put the process of share buybacks destroys value in most of the cases, not always.


We discuss how much do companies spend on buying back their own stocks and how does that affect their book value.

[buffet]

The post CORPORATE BUYBACKS DESTROY SHAREHOLDER VALUE appeared first on ValueWalk.

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Bezos – How To Build An Innovative Company

By joniferdingcong. Originally published at ValueWalk.

A presentation from the world’s richest person and founder/CEO of Amazon, Jeff Bezos. In this presentation, Jeff shows how Amazon thinks about innovation and his key principles to be innovative and successful.Books on Jeff Bezos and his favourite books are located at the bottom of the description.


[buffet]

Video Segments:


0:00 Introduction


0:09 Problems and solutions


2:45 Persistence


4:25 Learned helplessness


7:38 Approach to innovation


9:58 Reject either or thinking


13:25 Maximise experimentation


17:50 Obsess about the customer


30:25 Do not be distracted by the outside world


34:33 Listen


35:14 Look for what has changed and act accordingly


44:50 Hire builders

Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place.

The post Bezos – How To Build An Innovative Company appeared first on ValueWalk.

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Stock & Bond Investors Are Now Paying The Price For The Fed’s Dangerous Experiment

Courtesy of ZeroHedge. View original post here.

Authored by Vitaliy Katsenelson via ContrarianEdge.com,

The Federal Reserve’s changing of the guard — the end of the Janet Yellen’s tenure and the beginning of the Jerome Powell era — has me remembering what it was like to grow up in the former Soviet Union.

Back then, our local grocery store had two types of sugar: The cheap one was priced at 96 kopecks (Russian cents) a kilo and the expensive one at 104 kopecks. I vividly remember these prices because they didn’t change for a decade. The prices were not set by sugar supply and demand but were determined by a well-meaning bureaucrat (who may even have been an economist) a thousand miles away.

If all Russian housewives (and house-husbands) had decided to go on an apple pie diet and started baking pies for breakfast, lunch, and dinner, sugar demand would have increased but the prices still would have been 96 and 104 kopecks. As a result, we would have had a shortage of sugar — a common occurrence in the Soviet era.

In a capitalist economy, the invisible hand serves a very important but underappreciated role: It is a signaling mechanism that helps balance supply and demand. High demand leads to higher prices, telegraphing suppliers that they’ll make more money if they produce extra goods. Additional supply lowers prices, bringing them to a new equilibrium. This is how prices are set for millions of goods globally on a daily basis in free-market economies.

In the command-and-control economy of the Soviet Union, the prices of goods often had little to do with supply and demand but were instead typically used as a political tool. This in part is why the Soviet economy failed — to make good decisions you need good data, and if price carries no data, it is hard to make good business decisions.

When I left Soviet Russia in 1991, I thought I would never see a command-and-control economy again. I was wrong.

Over the past decade the global economy has started to resemble one, as well-meaning economists running central banks have been setting the price for the most important commodity in the world: money.

Interest rates are the price of money, and the daily decisions of billions of people and their corporations and governments should determine them. Like the price…
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JPMorgan Publishes The “Bitcoin Bible”

Courtesy of ZeroHedge. View original post here.

Five months after Jamie Dimon’s infamous outburst, in which the JPM CEO called Bitcoin a fraud, and threatened any JPMorgan trader caught trading cryptocurrencies with immediate termination “for being stupid”, which was followed by JPM’s head quant alleging bitcoin was a pyramid scheme, the largest US bank has released what can only be called the “Bitcoin Bible“: 71 pages of excruciating detail on everything from the technology of cryptocurrencies, to their applications and challenges. 

While there is too much in the report – which was published on the same day that the NY Fed admitted that in “A Dystopian World, Bitcoin Would Dominate Payment Methods” which of course is the whole point behind cryptos which as a contingency plan to the collapse of fiat currencies – to be summarized in one post, and instead we will focus on the key points over the next few days, below we republish the Executive Summary from the report, highlighting the key sections.

Executive Summary

Introduction

  • J.P. Morgan researchers from across a wide range of expertise analyze various aspects of Cryptocurrency (CC) to gain insight on this market and its potential evolution in this report. CCs’ extremely rapid growth, and then fall, both in terms of number of CCs and prices and their challenge to the current financial infrastructure, are forcing all market participants to closely monitor and understand this new market.
  • Cryptocurrencies are virtual currencies that are created, stored and governed electronically by an open,  decentralized, cryptography system. CCs can be used to exchange money, to buy certain goods/services or as an investment. There are over 1,500 cryptocurrencies with a market cap of some $400bn as of February 8, 2018, with Bitcoin being the largest representing a third of the market according to CoinMarketCap.
  • Launched in early 2009, Bitcoin (BTC) is the dominant cryptocurrency with a market cap of $140 billion (representing one-third of the CC market) and nearly 17 million BTC units in circulation (capped at 21 million). Bitcoin was the first major cryptocurrency and has spawned many competing CCs and technologies, many of which still fall back to Bitcoin as a support currency. Bitcoin itself has split into two cryptocurrencies, Bitcoin and Bitcoin Cash, to improve liquidity.

Technology

  • Cryptocurrencies are the face of the innovative maelstrom around the


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Hulu Falls Deeper Into The Red After Burning Nearly $1 Billion In 2017

Courtesy of ZeroHedge. View original post here.

More than one million Americans ditched their cable service during the third quarter of 2017, and once complete figures are available from the Q3 earning season, it’s a virtual certainty that this trend will continue, as the oligopoly of cable companies – many of which have a virtual monopoly in their regional markets - have largely stuck with expensive packages that leave consumers little opportunity to opt out of programming they don’t want.

The deterioration of cable’s dominance was underscored a year ago when the number of Netflix subscribers surpassed the number of pay-TV subscribers.

Netflix

Cable subscriptions have been declining steadily since 2013. But for all this talk of “cord cutting”, many investors and consumers perhaps don’t realize that streaming services – most notably industry leader Netflix – are cash burning machines. So far, investors have mostly ignored this, prioritizing subscription numbers over all else. Netflix shares soared to all-time highs in January, a repeat of their reaction from the previous quarter, when it announced the addition of 8.4 subs in Q4 – its highest ever quarterly increase. Though, according to its forecasts, it will likely burn between $3 and $4 billion in cash as it commits a record $8 billion to developing new content.

Amazon Prime’s streaming service, the second-largest in terms of subscriber count behind Netflix, has only a negligible impact on the company’s overall cash burn.

But according to information gleaned from Comcast’s latest 10K, Hulu, the No. 3 service, burned through $920 million of the $1 billion its parent companies invested in original content. Comcast alone invested $300 million in Hulu last year and booked a $276 million loss, according to Variety.

Hulu dropped deeper into the red last year as it boosted spending on originals and launched its live TV service — and the losses are expected to mount in 2018, as it continues to invest in content to fuel growth.

In 2017, Hulu lost $920 million, versus a loss of $531 million a year earlier. Its four owners — Comcast, 21st Century Fox, Disney and Time Warner — invested $1 billion in the streamer (versus $733 million in 2016, including $583 million from Time Warner).

The figures are based on Comcast’s 10-K disclosures, which said it invested $300 million in Hulu last year and recorded


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Dow Futures +200, Run Friday Stops As The Dollar Sinks

Courtesy of ZeroHedge. View original post here.

Friday’s late-day panic-buying has prompted some further excitement as futures open with The Dow up 200 points, just managing to take out Friday’s high stops…

S&P Futures have already rolled back below the stops..

The Dollar Index is notably lower…testing Thursday’s lows…

With Japan on holiday, cash bonds are not trading but futures suggest 30Y yields are around 2bps wider…

So all-in-all the machines are in stop-hunt mode as Sunday begins.





 
 
 

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 ...

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

Chart School

Weekly Market Recap Jan 13, 2019

Courtesy of Blain.

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

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

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



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Members' Corner

Why Trump Can't Learn

 

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

Why Trump Can’t Learn

Donald Trump by Gage Skidmore (...



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Biotech

Opening Pandora's Box: Gene editing and its consequences

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

 

Opening Pandora's Box: Gene editing and its consequences

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

Courtesy of John Bergeron, McGill University

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

...

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Mapping The Market

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

By Jean-Luc

Maybe we should simply try him for treason right now:

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

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

By Asawin Suebsaeng and Lachlan Markay, Daily Beast

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



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OpTrader

Swing trading portfolio - week of September 11th, 2017

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

 

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

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

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

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



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

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

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

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

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

Some other great content in this free eBook includes:

 

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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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