Archive for February, 2019

“Complete Collapse”: Iceberg Twice The Size Of NYC Set To Break Off Antarctica

Courtesy of ZeroHedge. View original post here.

Dangerous cracks developing across Antarctica’s Brunt Ice Shelf are due to unleash a massive iceberg twice the size of New York City, according to NASA researchers who warn when it breaks, it could destabilize the entire shelf.

NASA recently released images acquired by Landsat satellites of Antarctica’s Brunt Ice Shelf, where a rift is visibly slicing through the shelf. Researchers said the crack had been stable for more than three decades, but since, has been moving north at about 2.5 miles per year.

“The near-term future of Brunt Ice Shelf likely depends on where the existing rifts merge relative to the McDonald Ice Rumples,” said Joe MacGregor, a glaciologist at NASA’s Goddard Space Flight Center. “If they merge upstream (south) of the McDonald Ice Rumples, then it’s possible that the ice shelf will be destabilized.

The rift is moving toward another fissure, as known as Halloween crack, that is located 3 miles away. Halloween crack was first discovered in 2016, continues to move east, and when the two rifts intersect in the very near term, an iceberg is formed measuring 660 square miles.

“We don’t have a clear picture of what drives the shelf’s periods of advance and retreat through calving,” said NASA/UMBC glaciologist Chris Shuman.

“The likely future loss of the ice on the other side of the Halloween Crack suggests that more instability is possible.”

Researchers are puzzled on what drives this process, known as calving, could mean the health of the shelf is in immediate danger.

“At worst, this calving could destabilize the remainder of the Brunt Ice Shelf leading to its complete collapse,” Dominic Hodgson, a senior scientist at the British Antarctic Survey, told NBC News Tuesday in an email.

“This would then likely be followed by an acceleration of ice in the upstream glaciers, increasing their contribution to sea level.”

Calving is a natural part of the life cycle of ice shelves, but recent rifts forming in the region are unusual. The edge of the Brunt Ice Shelf has evolved since Ernest Shackleton surveyed the coast in 1915, but in the last several years, the speed of its transformation has been accelerated.

The risk of the 660 square mile shelf breaking off has prompted safety concerns for researchers working in the area, particularly researchers at the British Antarctic Survey’s Halley Station, a major base for Earth, atmospheric, and space science research typically operates year-round, but has recently closed operations due to unpredictable changes in the ice.

If the converging cracks destabilize
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One Media Expert’s Take On Why Plepler Quit HBO

Courtesy of Benzinga.

One Media Expert's Take On Why Plepler Quit HBO

AT&T Inc. (NYSE: T) CEO Randall Stephenson publicly praised HBO executive Richard Plepler on many occasions after buying the media property, but now the HBO executive is calling it quits after 27 years. The sudden move had CNBC’s Andrew Sorkin asking New York Times media reporter and CNBC contributor Ed Lee: “what went wrong?”

What Happened

Plepler’s decision to quit the media business is likely a function of the “job being different” under AT&T’s umbrella, Lee said. Prior to AT&T’s acquisition of HBO, the channel was a “very separate enterprise” within the former Warner Media portfolio.

Now AT&T will “collapse a lot of the back-end operations” and John Stankey, a former AT&T executive now in charge of media, will be leading the strategy, Lee said. 

“When there is less strategy for you to work on, what do you do at that kind of company?”

Why It’s Important

The main concern some investors likely have is that HBO will become more of a mass market and less of a premium offering under AT&T’s control. This could occur to a degree, Lee said, and the main challenge for AT&T is to “supercharge” its network with more content and a compelling over-the-top streaming platform.

What’s Next

Despite recent management shuffles, Stephenson and Stankey will continue emphasizing HBO as being the “centerpiece” of AT&T’s media brand going forward, Lee said. HBO is the “best brand” in the property, but the company needs to make the platform “bigger and broader,” Lee said — but without triggering consumer backlash. 

Related Links:

Report: AT&T In Talks With Media Heavyweight To Run HBO, Turner

Analysts: AT&T Earnings Weren’t That Bad

Posted-In: CNBC Ed Lee HBO Randall Stephenson Richard PleplerNews Management Media Best of Benzinga

Funko Shares Rally After Q4 Print, BMO Lifts Price Target

Courtesy of Benzinga.

Funko Shares Rally After Q4 Print, BMO Lifts Price Target

Shares of Funko Inc. (NASDAQ: FNKO) were popping Friday after the toymaker reported better-than-expected fourth-quarter results and strong guidance for the coming year on the strength of its wildly popular Pop! bobblehead-like figures.

At least one Street analyst worries that the pop culture figurines might be a fad.

Funko stock was trading higher Friday after the Everett, Washington-based company’s strong showing Thursday in which it beat the Street on revenue and profit estimates. Earnings per share were a full dime ahead of analyst expectations, coming in at 44 cents per share on an in-line revenue report of $198.2 million.

The Analyst

BMO Capital Markets analyst Gerrick Johnson maintained a Market Perform rating on Funko and boosted the price target from $12 to $20.  

The Thesis

The problem for Johnson is what he sees as a lack of diversity in product mix.

The analyst is hesitant to recommend the stock “because we believe that Pop!, which contributes about two-thirds of company sales, could be a fad.”

BMO would need to see “better diversification of revenues” and a lower share price in order to turn bullish, Johnson said. 

Funko, which CNBC recently called “a cornerstone in the geek merchandise industry,” has seen strong performance from its “Fortnite”-based Pop! collectible figurines. It also makes figurines based on characters from Disney movies, the Marvel Universe, Star Wars and even pop music figures. The company’s motto is “everyone is a fan of something.”

Price Action

Funko shares were up 4.45 percent at $20.78 at the time of publication Friday. 

Related Links:

Toy Story: Bank Of America Bullish On Funko’s 2019 Opportunities

Funko CEO Discusses ‘Fortnite’ Toys With Cramer

Latest Ratings for FNKO

Date Firm Action From To
Mar 2019 BMO Capital Maintains Market Perform Market Perform
Nov 2018 BMO Capital Maintains Market Perform Market Perform
Aug 2018 BMO Capital Maintains Market Perform Market Perform

View More Analyst Ratings for FNKO

View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Earnings News Guidance Price Target Reiteration Analyst Ratings Best of Benzinga

The Daily Biotech Pulse: Puma Biotech Earnings, Mersana Offering, Orphan Drug Designation For Ascendis

Courtesy of Benzinga.

The Daily Biotech Pulse: Puma Biotech Earnings, Mersana Offering, Orphan Drug Designation For Ascendis

Here’s a roundup of top developments in the biotech space over the last 24 hours:

Scaling The Peaks

(Biotech stocks hitting 52-week highs on Feb. 28)

  • Amphastar Pharmaceuticals Inc (NASDAQ: AMPH)
  • Abbott Laboratories (NYSE: ABT)
  • Eli Lilly And Co (NYSE: LLY)
  • Horizon Pharma PLC (NASDAQ: HZNP)(announced positive Phase 3 results for teprotumumab, its treatment candidate for active thyroid eye disease)
  • NeoGenomics, Inc. (NASDAQ: NEO)
  • Tcr2 Therapeutics Inc (NASDAQ: TCRR) (listed on Feb. 14)
  • Varian Medical Systems, Inc. (NYSE: VAR)

Down In The Dumps

(Biotech stocks hitting 52-week lows on Feb. 28)

  • Achaogen Inc (NASDAQ: AKAO)
  • AVEO Pharmaceuticals, Inc. (NASDAQ: AVEO)
  • CytomX Therapeutics Inc (NASDAQ: CTMX) (reacted to Q4 results)
  • RA Medical Systems Inc (NYSE: RMED)
  • Karyopharm Therapeutics Inc (NASDAQ: KPTI) (reacted to Q4 results)
  • Novavax, Inc. (NASDAQ: NVAX)(reported negative trial results for its ResVax vaccine)
  • Seelos Therapeutics Inc (NASDAQ: SEEL)
  • Trillium Therapeutics Inc (NASDAQ: TRIL)

Stock In Focus

Mersana to Offer Shares to Fund Pipeline Development

Mersana Therapeutics Inc (NASDAQ: MRSN) intends to offer shares of its common stock in an underwritten public offering. All the shares are to be sold by the company.

Mersana said it intends to use the net proceeds to fund clinical development of XMT-1536, to progress its next ADC product candidate into Phase 1 trial, to progress its early platform development, among other things.

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10 Biggest Price Target Changes For Friday

Courtesy of Benzinga.

  • Citigroup boosted the price target for Best Buy Co Inc (NYSE: BBY) from $72 to $77. Best Buy shares closed at $68.84 on Thursday.
  • Atlantic Equities lifted the price target on O’Reilly Automotive Inc (NASDAQ: ORLY) from $370 to $400. O’Reilly Automotive shares closed at $371.96 on Thursday.
  • Wells Fargo cut the price target for Nutanix Inc (NASDAQ: NTNX) from $70 to $45. Nutanix shares closed at $50.09 on Thursday.
  • JP Morgan lowered the price target for Michaels Companies Inc (NASDAQ: MIK) from $18 to $15. Michaels shares closed at $14.14 on Thursday.
  • KeyBanc raised the price target for Autodesk, Inc. (NASDAQ: ADSK) from $168 to $184. Autodesk shares closed at $163.01 on Thursday.
  • Goldman Sachs boosted the price target for Farfetch Ltd (NYSE: FTCH) from $24 to $40. Farfetch shares closed at $24.50 on Thursday.
  • Barclays raised Hertz Global Holdings Inc (NYSE: HTZ) price target from $14 to $18. Hertz Global shares closed at $19.10 on Thursday.
  • JP Morgan raised Jianpu Technology Inc – ADR (NYSE: JT) price target from $5.50 to $9.50. Jianpu Technology shares closed at $7.19 on Thursday.
  • KeyBanc boosted the price target on VMware, Inc. (NYSE: VMW) from $172 to $192. VMware shares closed at $171.81 on Thursday.
  • Citigroup cut Booking Holdings Inc (NASDAQ: BKNG) price target from $1,900 to $1,800. Booking shares closed at $1,697.04 on Thursday.

Posted-In: Price Target ChangesPrice Target Intraday Update Analyst Ratings

The Greatest Investor You’ve Never Heard Of: An Optometrist Who Turned Billionaire

Courtesy of ZeroHedge. View original post here.

Meet Dr. Herbert Wertheim, a South Florida optometrist and small businessman who in several decades, became a billionaire.

Wertheim, 79, is a self-made billionaire worth $2.3 billion, according to Forbes' The World's Billionaires list. His fortune comes from numerous inventions and buy-and-hold investing.

Wertheim could very well be the most significant individual investor many Americans have never heard of, and he recently sat down with Forbes to prove it.

Madeline Berg, a reporter at Forbes following the money, flipped through Wertheim's brokerage statements which showed hundreds of millions of dollars in tech stocks like Apple and Microsoft, purchased long ago at their IPOs. There are dozens of other blue-chip stocks in the portfolio, ranging from GE, Google, BP, and Bank of America.

Here is Wertheim's interesting path into becoming a billionaire.

In the early 1960s, he attended the Southern College of Optometry and after graduation started a small practice in South Florida. At nights, Wertheim spent his time tinkering on inventions, and in 1969, he invented an eyeglass tint for plastic lenses that filtered dangerous UV rays, helping to prevent cataracts.

Demand for Wertheim’s tint erupted, and he sold the royalty for $22,000. However, because of contractual breaches, he never collected any royalty funds from the deal.

So in 1970, Wertheim formed a new company, Brain Power Inc. (BPI). He established the company as a technology consulting firm, but at the same time, he reverted to developing tints, dyes and other technologies for eyewear.

A year later he invented the world’s first neutralizers, a chemical that restored lenses to their original state. At the time, he showed his wife a can containing the new chemical and said, ‘Nicole, what’s in this can is going to make us millionaires.’ ”

Between the tints, dyes, and neutralizers, Wertheim rolled the new technology into BPI, which became one of the world’s largest manufacturers of optical tints, selling products to companies like Bausch & Lomb, Zeiss and Polaroid.

Forbes said BPI "never achieved hypergrowth," but it allowed Wertheim more freedom to pursue a life of investing.

Similar to Warren Buffett, Wertheim believes in doubling down when he feels passionate about companies.

“If you like something at $13 a share, you should like it at $12, $11 or $10 a share,” Wertheim says. “If a stock continues to go down, and you believe in it and did your research, then you buy more. You are actually getting a better

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Vertical Group: Tonight’s Move Is Proof-Positive TSLA Has A Serious Demand Problem

Courtesy of ZeroHedge. View original post here.

Submitted by Gordon Johnson Of Vertical Group

Earlier this evening in a widely anticipated announcement, TSLA, again, cut the prices on all existing cars – the third such cut in just two months – with the price concessions ranging from 4.8%-to-13.6% (Exhibit 1). Furthermore, TSLA announced availability of the widely anticipated $35K Model 3 (more on this below) – while this is welcome news to many, it comes 15 months after the car’s original promised timeline, which means the cost sensitive US buyer has lost $3,750 of the federal EV tax credit (and the true $35K version will only come in black, with any additional paint colors costing an extra $1.5K-$2.5K). However, TSLA also warned that 1Q19 would see its earnings go back into negative territory (after two straight quarters of profit), and announced its third round of layoffs just this year (TSLA is cutting the majority of its sales locations globally, shifting to a 100% online purchase model).

In short, there’s a lot to unload here; however, we believe tonight’s move is proof-positive TSLA has a serious demand problem (if TSLA was not experiencing tepid demand, in our view, it would not have cut the prices on all its cars three times just this year). In fact, we view this as an all-in move by TSLA to try to stay solvent (by our calculations, demand is very bad right now – we believe the Feb. sales report from InsideEVs will disappoint). With respect to the numbers, prior to today’s $2.9K price cut for the Mid-Range Model 3, TSLA cut the price by $2K on 1/2/19, then by $1.1K on 2/5/19. Moreover, when one also considers the fact that TSLA cut the price for Enhanced Auto Pilot (“EAP”) from $5K to $3K, or $2K in total, that’s another ~$1.540K in lost margin (~77% of buyers purchase EAP, so a $2K price drop is equivalent to a ~$1.540K drop in gross margin – EAP has virtually no associated costs, so it’s all margin). So, adding it all up, the ~20% margin on TSLA’s Mid-Range Model 3 alluded to in 4Q18 is now ~13% (by our calculation). Consequently, with OPEX expected to be up ~9% in 2019, that means TSLA is now firmly back in the loss-making column.

Exhibit 1: TSLA
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Remember, The Fed Hasn’t Actually Done Anything Yet

Courtesy of ZeroHedge. View original post here.

Authored by John Rubino via,

When the financial markets got, um, choppy towards the end of 2018, the Fed caved almost instantly. But only rhetorically.

Fed chair Powell promised to stop raising interest rates and shrinking the money supply, and the financial markets, trained to salivate at the sound of Fed happy talk, immediately morphed from “risk-off” to “risk-on.” Stocks are now approaching last year’s all-time highs, bond prices are way up (which is to say long-term interest rates are way down) and the financial press is back to celebrating the “Goldilocks economy.”

But remember that as far as actual monetary policy goes, nothing has changed. Last year’s Fed Funds rate increases are still in place, while the Fed’s balance sheet remains diminished (which is to say the cash drained from the economy as the bonds in the Fed’s account were retired remains out of action). So the damage has not been undone, and it’s starting to bite. Some examples:

US retail sales are falling:


Housing, which a year ago was in a mini-bubble, is rolling over. Housing starts are down…


… while existing home sales have cratered:


US manufacturing orders missed big in the most recent reporting month:

Corporate earnings, meanwhile, are so weak that analysts are talking about an “earnings recession”:

From a February Zero Hedge article:

One week ago, when looking at the dramatic collapse in consensus Q1 EPS estimates, we noted that the “profit party” is over and the days of near record earnings growth are about to end with a bang as a result of the recent barrage in profit warnings and negative preannouncements, first and foremost starting with Apple, which issued a shocking guidance cut one month ago for the first time since 2001. As a result, analysts have slashed their S&P500 earnings estimates for the first quarter, and the Q1 bottom-up EPS estimate dropped by 4.1% (to $38.55 from

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“There’s No Money” – Has China’s Shadow-Debt Reckoning Finally Arrived?

Courtesy of ZeroHedge. View original post here.

Months before Beijing abandoned its deleveraging plans and approved a gargantuan 4.64 trillion yuan credit injection (including the "shadow" credit that the government had vowed to curb) – which, as we pointed out at the time, resembled the January 2016 "Shanghai Accord" intervention (when Beijing famously intervened to stop global stock markets from careening off a cliff) – a team of S&P credit analysts warned in an October report that China's debt burden might be much larger than previously believed.



Against a backdrop of soaring corporate defaults, the team from S&P warned that investors could safely tack on another ~40% of debt/GDP to China's total (with even more likely hidden from view) after a careful analysis of a new source of shadow debt being tapped by local governments to further their development plans. These Local Government Financing Vehicles, or LGFVs, represented "an iceberg with titanic credit risks" as local officials had increasingly turned to these sources of shadow financing to finance development projects while bureaucrats in Beijing struggled to turn off the credit taps.


Now that Beijing has reckoned with the idea that now is not the time to try and contain the country's massive debt load, even as the percentage of bad debt balloons, it increasingly appears that these measures might be too little, too late for investors who financed these LGFVs, as the Wall Street Journal revealed in a report about how a local government in China's impoverished Southern had caused a stir by stiffing its creditors after racking up a debt pile – largely through these LGFVs – equivalent to roughly three times the government's annual revenue.

When a group of wealthy investors traveled to Sanhe to confront the local government, they were swiftly rebuffed, leaving them little recourse to recover their money.

Meanwhile, many of the buildings that their money helped to finance stood half-finished.

A building splurge in this impoverished pocket of rural China ended in half-finished projects and a trail of angry investors from some of the country’s wealthiest areas.

On a recent winter workday, investors

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Heineken USA Cuts 15% Of Workforce 

Courtesy of ZeroHedge. View original post here.

A few weeks ago, when observing the collapse in consensus Q1 EPS estimates, we noted that the “profit party” is over and the era of near-record earnings growth was about to end as a result of the recent barrage in profit warnings from US companies. One industry that has suffered in the earnings slowdown has been mass-market beer makers.

Beer companies, like Anheuser-Busch, MillerCoors, Constellation Brands and Pabst Brewing, have recently made significant cuts to their respective workforces, in response to slowing sales.

Brewbound is reporting that Heineken USA (HUSA) is the latest mass-market beer maker to announce significant layoffs.

HUSA spokesman Bjorn Trowery said in a statement that 15% of its entire workforce will be eliminated amid restructuring efforts.

“Today, we announced that we are modifying our sales team structure to align with our strategy and to enable more efficient ways of working,” he wrote.

This will help Heineken USA be more cost effective, and allow us to reinvest behind our brands and business in the U.S. While change that impacts our people is always difficult, we believe these changes will better position Heineken USA for the future.”

Some indicate that big brewers are losing drinkers becuase millennials are switching to craft beers.

However, that might not be the case, as well-known craft beer companies, including Heineken International-owned Lagunitas, Deschutes Brewery, and New Belgium Brewing, have all recently cut a significant amount of their respective workforce, citing lowered growth ahead.

Industry-wide layoffs are a result of declining beer sales in the US. Though off-premise sales at retailers jumped 2% in 2018, according to research firm IRI, however, shipments of beer made domestically dropped 2%.

According to the latest earnings report, HUSA, the US operating company for Heineken International that imports, warned that its brands, as well as Dos Equis and Tecate, among others, could experience weak sales in 2019.

So did the American beer bubble just go flat?


Zero Hedge

Belgian F-16 Pilot Ejects Before Fiery Crash, Gets Caught In High Voltage Power Lines

Courtesy of ZeroHedge View original post here.

A Belgian F-16 fighter jet crashed in Northwestern France on Thursday, leaving one of its pilots hanging by his parachute from high voltage electricity lines, according to the BBC

Both pilots had minor injuries after they ejected from the plane, which clipped the roof of a house and crashed in a field near Pluvinger. The pilot stuck in the 250,000 volt power lines was brought down after a two hour rescue operation by French emergency ser...

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Phil's Favorites

Buyer beware: How Libra differs from Bitcoin


Buyer beware: How Libra differs from Bitcoin

Recent revelations about the lack of privacy protections in place at the companies involved in Facebook’s new Libra crytocurrency raise concerns about how much trust users can place in Libra. (Shutterstock)

Courtesy of Alfred Lehar, University of Calgary

Facebook, the largest social network in the world, stunned the world earlier this year with the announcement of its own cryptocurrency, Libra.

The launch has raised questions about the difference between Libra and existing cryptocurrencies, as well as the implications of private companies competing with s...

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Digital Currencies

Buyer beware: How Libra differs from Bitcoin


Buyer beware: How Libra differs from Bitcoin

Recent revelations about the lack of privacy protections in place at the companies involved in Facebook’s new Libra crytocurrency raise concerns about how much trust users can place in Libra. (Shutterstock)

Courtesy of Alfred Lehar, University of Calgary

Facebook, the largest social network in the world, stunned the world earlier this year with the announcement of its own cryptocurrency, Libra.

The launch has raised questions about the difference between Libra and existing cryptocurrencies, as well as the implications of private companies competing with s...

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Lee's Free Thinking

Look Out Bears! Fed New QE Now Up to $165 Billion

Courtesy of Lee Adler

I have been warning for months that the Fed would need new QE to counter the impact of massive waves of Treasury supply. I thought that that would come later, rather than sooner. Sorry folks, wrong about that. The NY Fed announced another round of new TOMO (Temporary Open Market Operations) today.

In addition to the $75 billion in overnight repos that the Fed issued and has been rolling over since Tuesday, next week the Fed will issue another $90 billion. They’ll come in the form of three $30 billion, 14 day repos to be offered next week.

That brings the new Fed QE to a total of $165 billion. Even in the worst days of the financial crisis, I can’t remember the Fed ballooning its balance sheet by $165 bi...

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The Technical Traders

Is A Price Revaluation Event About To Happen?

Courtesy of Technical Traders

Skilled technical traders must be aware that price is setting up for a breakout or breakdown event with recent Doji, Hammer
and other narrow range price bars.  These types of Japanese Candlestick patterns are warnings that price is coiling into
a tight range and the more we see them in a series, the more likely price is building up some type of explosive price breakout/breakdown move in the near future.  The ES (S&P 500 E-mini futures) chart is a perfect example of these types of price bars on the Daily chart (see below).

Tri-Star Tops, Three River Evening Star patterns, Hammers/Hangmen and Dojis are all very common near extreme price peaks and troughs.  The rea...

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Kimble Charting Solutions

India About To Experience Major Strength? Possible Says Joe Friday

Courtesy of Chris Kimble

If one invested in the India ETF (INDA) back in January of 2012, your total 7-year return would be 24%. During the same time frame, the S&P 500 made 124%. The 7-year spread between the two is a large 100%!

Are things about to improve for the INDA ETF and could it be time for the relative weakness to change? Possible!

This chart looks at the INDA/SPX ratio since early 2012. The ratio continues to be in a major downtrend.

The ratio hit a 7-year low a few months ago and this week it kissed those lows again at (1). The ratio near weeks end is attempting to...

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Insider Scoop

10 Biggest Price Target Changes For Friday

Courtesy of Benzinga

  • Credit Suisse raised IHS Markit Ltd (NYSE: INFO) price target from $68 to $76. IHS Markit shares closed at $67.75 on Thursday.
  • Wedbush boosted Restoration Hardware Holdings, Inc (NYSE: RH) price target from $170 to $185. RH shares closed at $169.49 on Thursday.
  • Mizuho lifted Seagate Technology PLC (NASDAQ: STX) price target from $46 to $50. Seagate shares closed at $52.94 on Thursday.
  • UBS raised the price target for Weight Watchers Intern... more from Insider

Chart School

Crude Oil Cycle Bottom aligns with Saudi Oil Attack

Courtesy of Read the Ticker

Do the cycles know? Funny how cycle lows attract the need for higher prices, no matter what the news is!

These are the questions before markets on on Monday 16th Aug 2019:

1) A much higher oil price in quick time can not be tolerated by the consumer, as it gives birth to much higher inflation and a tax on the average Joe disposable income. This is recessionary pressure.

2) With (1) above the real issue will be the higher interest rate and US dollar effect on the SP500 near all time highs.

3) A moderately higher oil price is likely to be absorbed and be bullish as it creates income for struggling energy companies and the inflation shock may be muted. 

We shall see. 


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The Big Pharma Takeover of Medical Cannabis

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


The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:


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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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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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