Author Archive for Insider Scoop

A Peek Into The Markets: US Stock Futures Fall, Dow Futures Down 100 Points

Courtesy of Benzinga.

A Peek Into The Markets: US Stock Futures Fall, Dow Futures Down 100 Points

Pre-open movers

U.S. stock futures traded lower in early pre-market trade. Data on industrial production for October will be released at 9:00 a.m. ET, while the Census Bureau quarterly services report for the third quarter is schedule for release at 10:00 a.m. ET. The Kansas City Fed manufacturing index for November will be released at 11:00 a.m. ET. Chicago Federal Reserve Bank President Charles Evans is set to speak in Chicago, IL at 11:30 a.m. ET.

Futures for the Dow Jones Industrial Average dropped 100 points to 25,205, while the Standard & Poor’s 500 index futures traded fell 13.75 points to 2,720.75. Futures for the Nasdaq 100 index dipped 80.75 points to 6,834.75.

Oil prices traded higher as Brent crude futures rose 1.73 percent to trade at $67.77 per barrel, while US WTI crude futures rose 1.59 percent to trade at $57.36 a barrel. The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.

A Peek Into Global Markets

European markets were mostly lower today, with the Spanish Ibex Index falling 0.10 percent, STOXX Europe 600 Index gaining 0.09 percent and German DAX 30 index gained 0.20 percent. The UK’s FTSE index was trading lower by 0.29 percent, while French CAC 40 Index fell 0.04 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.57 percent, Hong Kong’s Hang Seng Index rose 0.31 percent, China’s Shanghai Composite Index gained 0.41 percent and India’s BSE Sensex climbed 0.56 percent.

Broker Recommendation

Analysts at Morgan Stanley downgraded PG&E Corporation (NYSE: PCG) from Overweight to Equal-Weight and lowered the price target from $67 to $31.

PG&E shares rose


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Gene Munster Talks Apple, Amazon-Target, Tesla On PreMarket Prep

Courtesy of Benzinga.

Gene Munster Talks Apple, Amazon-Target, Tesla On PreMarket Prep

Loup Ventures managing partner Gene Munster joined Benzinga’s PreMarket Prep trading show Thursday to discuss a number of popular tech stocks, including Apple, Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN) and Tesla, Inc. (NASDAQ: TSLA).

Rotten Apple?

Wall Street hasn’t been happy with Apple’s recent earnings report, but Munster said investors shouldn’t read too deeply into one bad quarter.

“Obviously if iPhone units plummeted, that would be a problem. But if they can essentially keep their base flat, which is about 800-million-plus active iPhones … I think this [revenue] story can grow in the mid single-digit level and should garner a higher multiple than it has today.”

Amazon And Target

When asked about Amazon, Munster doubled down on his previous prediction that Amazon may be interested in a buyout of Target Corporation (NYSE: TGT).

“We’re going to [be] wrong on our timing of when they buy Target, but I feel that eventually they will buy Target and really start to disrupt traditional brick-and-mortar,” he said.

Munster said Amazon shares don’t have the valuation support seen in Apple shares.

“That has been the fear of getting behind Amazon stock since the share price was $100,” he said.

Tesla’s Timeline

Munster discussed Tesla and CEO Elon Musk. Munster has criticized Musk throughout the year for behavior that has been detrimental to the company and investors.

“Things have cooled down regarding Musk and his tweets, but that doesn’t mean we are out of the woods regarding his behavior and the potential risk that he brings to the company.”

Tesla needs a five-year viewpoint, Munster said.

“It’s the best product roadmap in tech. I


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Analysts Cautious On Williams-Sonoma After Q3 Print

Courtesy of Benzinga.

Analysts Cautious On Williams-Sonoma After Q3 Print

Kitchenware and home furnishing retailer Williams-Sonoma, Inc. (NYSE: WSM) reported mixed third-quarter results Thursday and cautious guidance for the holiday quarter.

Here’s how the Street reacted to the print — and the stock’s subsequent sell-off.  

The Analysts

  • Barclays’ Matthew McClintock maintains an Underweight on Williams-Sonoma with an unchanged $45 price target.
  • Wedbush’s Seth Basham maintains at Neutral, unchanged $63 price target.
  • Raymond James’ Budd Bugatch maintains at Market Perform.
  • KeyBanc Capital Markets’ Bradley Thomas maintains at Sector Weight.

Barclays: Where Are The Catalysts?

Williams-Sonoma’s Q3 shows short-term supply chain issues, and several concerning trends in the quarter justify a continued bearish stance, McClintock said in a note.

The negative trends include the following, the analyst said: 

  • A deceleration in comp store sales to 3.1 percent, which also missed the Street’s estimate.
  • A deceleration in e-commerce sales from 8.9 percent last quarter to 8.2 percent.
  • The absence of any clear margin catalysts. 

Wedbush: Demand Comps Highlight Positive Trends

Williams-Sonoma’s comps on a two-year stacked basis fell sequentially by 100 basis points in Q3, but demand comp — orders placed in the quarter but not fulfilled — were 4.6 percent, Basham said in a note.

The retailer continues to operate in an “intense” competitive retail environment, and Williams-Sonoma has minimal cost savings opportunities, he said.  

The stock has limited upside potential at best in 2019, according to Wedbush.

Raymond James: Wait-And-See Story

The sell off in Williams-Sonoma presents an opportunity for investors to buy the dip, but they should avoid doing so until the company shows it can sustainably grow EBIT through solid execution, Bugatch said in a note. 

The stock is trading at a fair valuation of 13.6 times 2019 estimated EPS, which is roughly in-line with the three- and five-year median multiple of 14.1 times and 15.3 times, respectively, according to Raymond James. 

KeyBanc: Too Many Risks

Williams-Sonoma’s Q3 demand comps suggest better trends in the business, and the company remains a leading multichannel retailer with strong brands, Thomas said in a


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A Peek Into The Markets: US Stock Futures Up Ahead Of Economic Reports

Courtesy of Benzinga.

A Peek Into The Markets: US Stock Futures Up Ahead Of Economic Reports

Pre-open movers

U.S. stock futures traded higher in early pre-market trade.

Data on initial jobless claims for the latest week, the Philly Fed manufacturing index, retail sales for October, the Empire State manufacturing index for November and import prices for October will be released at 8:30 a.m. ET. Data on business inventories for September will be released at 10:00 a.m. ET. Federal Reserve Vice Chairman for Supervision Randal Quarles is set to speak in Washington D.C. at 10:00 a.m. ET, while Federal Reserve Chairman Jerome Powell will speak in Houston, TX at 11:00 a.m. ET. Atlanta Federal Reserve Bank President Raphael Bostic is set to speak in Madrid, Spain at 1:00 p.m. ET, while Minneapolis Federal Reserve Bank President Neel Kashkari will speak in Minneapolis, MN at 3:00 p.m. ET.

Futures for the Dow Jones Industrial Average climbed 67 points to 25,111, while the Standard & Poor’s 500 index futures traded rose 8 points to 2,706.50. Futures for the Nasdaq 100 index climbed 39.75 points to 6,808.00.

Oil prices traded mixed as Brent crude futures rose 0.62 percent to trade at $66.53 per barrel, while US WTI crude futures fell 0.14 percent to trade at $56.17 a barrel. The Energy Information Administration’s weekly report on natural gas stocks in underground storage is schedule for release at 10:30 a.m. ET, while the EIA’s weekly report on petroleum inventories will be released at 11:00 a.m. ET.

A Peek Into Global Markets

European markets were mostly lower today, with the Spanish Ibex Index falling 0.20 percent, STOXX Europe 600 Index declining 0.53 percent and German DAX 30 index dropped 0.02 percent. The UK’s FTSE index was trading higher by 0.07 percent, while French CAC 40


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Macy’s Receives Mixed Analyst Reaction After Q3 Earnings Beat, Sales Miss

Courtesy of Benzinga.

Macy's Receives Mixed Analyst Reaction After Q3 Earnings Beat, Sales Miss

Macy’s Inc (NYSE: M) shares were trading down more than 3 percent Thursday, one day after reporting a third-quarter sales miss.

The retailer delivered Q3 earnings of 27 cents per share, beating estimates by 13 cents. Sales fell short, coming in at $5.404 billion and missing estimates by $6 million.

Analyst Takes 

Macy’s sell-off is a buying opportunity, saying the company’s retail innovations and initiatives will continue to drive growth in a highly competitive environment, Tigress Financial Partners’ Ivan Feinseth said in a note.

The company has significant upside potential from current levels and is expecting a strong holiday season, he said. 

“While expectations may have been significantly elevated into the earnings announcements, I still view the results as very strong and continue to highlight Macy’s as one of my top retail picks for the upcoming holiday season.” 

Deutsche Bank analyst Paul Trussell raised the firm’s price target on Macy’s from $35 to $38 and maintained a Hold rating following the quarterly print. 

Investors concerns around 2019 are overshadowing a solid report, the analyst said. 

“Investors remain focused on the tough comp compare in 4Q, which faces a slight headwind given tourism and the calendar shift in 2017, as Macy’s is reporting comps on a fiscal basis.” 

Bank of America Merrill Lynch analyst Lorraine Hutchinson reiterated a Neutral rating and $39 price target.

Macy’s drove impressive 3-percent comp growth in Q3, but the flow through to earnings was hampered by investments, the analyst said. The company is investing $200 million in its Growth50 initiative, an experimental retail strategy offering expanded curated merchandise to 50 key locations, she said. 

“Sustaining positive comps becomes tougher from here, and we think benefits from new initiatives are balanced by a need to invest, constraining margins and EPS growth.” 

The Price Action

Macy’s shares were down 3.43 percent at $32.08 at the time of publication Thursday.

Related Links:

Forrester Research Analyst: Yes, There Is Still Growth In Physical Retail


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8 Stocks To Watch For November 14, 2018

Courtesy of Benzinga.

8 Stocks To Watch For November 14, 2018

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

  • Wall Street expects Macy’s, Inc. (NYSE: M) to report quarterly earnings at $0.14 per share on revenue of $5.41 billion before the opening bell. Macy’s shares gained 0.59 percent to $36.00 in after-hours trading.
  • Analysts are expecting Cisco Systems, Inc. (NASDAQ: CSCO) to have earned $0.72 per share on revenue of $12.87 billion in the latest quarter. Cisco will release earnings after the markets close. Cisco shares gained 0.82 percent to $45.49 in after-hours trading.
  • Switch Inc (NYSE: SWCH) reported weaker-than-expected earnings for its third quarter on Tuesday. The company reiterated FY18 sales guidance of $405-$408 million. Switch shares dipped 6.05 percent to $8.70 in the after-hours trading session.
  • Before the markets open, Meritor, Inc. (NYSE: MTOR) is estimated to report quarterly earnings at $0.71 per share on revenue of $1.03 billion. Meritor shares gained 1.21 percent to $17.01 in after-hours trading.

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

Choosing the best broker is an important part of being a successful trader or investor

  • Amyris Inc (NASDAQ: AMRS) reported a third-quarter loss of $0.63 per share on sales of $14.87 million. Amyris shares tumbled 32.2 percent to $4.00 in the after-hours trading session.
  • Analysts expect NetApp, Inc. (NASDAQ: NTAP) to post quarterly earnings at $0.99 per share on revenue of $1.51 billion after the closing bell. NetApp shares rose 0.03 percent to close at $78.89 on Tuesday.
  • After the closing bell, Smart & Final Stores, Inc. (NYSE: SFS) is projected to post quarterly earnings at $0.17 per share on revenue of $1.52 billion. Smart & Final Stores shares fell 0.62 percent to $5.12 in after-hours trading.
  • Blue Apron Holdings Inc (NYSE: APRN) reported a narrower-than-exo loss for its third quarter, while sales missed estimates. The company announced it will reduce its headcount by 4 percent. Blue Apron shares dropped 3.28 percent to $1.18 in the after-hours trading session.

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





BTIG Research: Etsy Is Online Leader In Handmade, Artisanal Goods

Courtesy of Benzinga.

BTIG Research: Etsy Is Online Leader In Handmade, Artisanal Goods

Etsy Inc (NASDAQ: ETSY) may be one of few online players that has ”gotten the best of Amazon.com, Inc. (NASDAQ: AMZN),” according to BTIG Research. 

The Analyst 

Analyst Marvin Fong initiated coverage of Etsy with a Buy rating and $59 price target.

The Thesis

Etsy delivered a third-quarter earnings beat last week that triggered a 30-percent gain in the stock. 

The e-commerce site earned 15 cents per share, more than doubling the estimate of 7 cents. Etsy shares are now up over 130 percent year-to-date.

Etsy has among the best fundamentals in the digital marketplace space and is positioned to continue leading the online handmade and artisanal space, Fong said. 

Etsy has numerous growth drivers, Fong said: 

  • Promoted listings revenue could roughly triple over the next five years, as advertisers have leeway to spend more before economics top out.
  • Etsy has opportunity in adding new international services and markets and bridging its 25-percent gap in seller monetization vs. the U.S. 
  • Bringing mobile web conversion to desktop levels, which BTIG sees as a $700 to $800-million GMS opportunity. 
  • Etsy still has room for transaction fees to rise, as they remain meaningfully below the competition. 

Etsy has an untapped base of dormant buyers, Fong said. 

“Our proprietary cohort model suggests there are 32 million inactive users, not far from the size of the current active user base. We estimate 5 percent of re-activated buyers would generate $160 million of GMS.” 

Etsy is increasing its paid marketing by 40 percent this year in an effort to bring more awareness to the marketplace’s product offerings, the analyst said. 

The Price Action

Etsy shares were up 0.17 percent at $47.43 at the time of publication Wednesday. 

Related Links:

KeyBanc: Etsy’s Q4 Validates New Management, Improved Platform For Buyers, Sellers

Etsy Soars Higher After Q2 Report, But Analyst Opinions Remain Mixed

Photo courtesy of Etsy. 

Latest Ratings for ETSY

Date Firm Action From To
Nov 2018 BTIG Research Initiates Coverage On Buy
Oct 2018 Morgan Stanley Upgrades Underweight Equal-Weight
Oct 2018 KeyBanc Maintains Overweight Overweight

View More Analyst Ratings for ETSY


View the Latest Analyst Ratings

Posted-In: btig Marvin FongAnalyst Color Price Target Initiation Analyst Ratings Best of Benzinga





28 Stocks Moving In Tuesday’s Pre-Market Session

Courtesy of Benzinga.

Gainers

  • Globus Maritime Limited (NASDAQ: GLBS) rose 34.9 percent to $10.59 in pre-market trading following Q3 results. Globus Maritime reported third-quarter earnings of 0.08 per share, up from $(0.05) in the same quarter of last year. Sales came in at $4.861 million, up from $3.982 million year-over-year.
  • Avenue Therapeutics, Inc. (NASDAQ: ATXI) shares rose 33.4 percent to $5.55 in pre-market trading after InvaGen announced plans to acquire 33.3 percent stake in Avenue Therapeutics, a Fortress Biotech company.
  • Pyxis Tankers Inc. (NASDAQ: PXS) rose 24.4 percent to $2.40 in pre-market trading after declining 13.06 percent on Monday.
  • Viking Therapeutics, Inc. (NASDAQ: VKTX) rose 15 percent to $13.48 in pre-market trading after presenting results from Phase 2 study of VK2809 in patients with NAFLD and elevated LDL-cholesterol in oral late-breaker presentation at The Liver Meeting® 2018.
  • HUYA Inc. (NYSE: HUYA) rose 10 percent to $20.30 in pre-market trading after the company reported earnings for its third quarter.
  • Veritone Inc (NASDAQ: VERI) rose 9.5 percent to $7.53 in pre-market trading. Veritone posted a Q3 loss of $0.86 per share on sales of $7.545 million.
  • Vodafone Group Plc (NASDAQ: VOD) rose 8.5 percent to $20.16 in pre-market trading following quarterly results.
  • GDS Holdings Limited (NASDAQ: GDS) rose 7.6 percent to $24.75 in pre-market trading after reporting Q3 results.
  • Superconductor Technologies Inc. (NASDAQ: SCON) rose 7.5 percent to $2.02 in pre-market trading following Q3 results.
  • CooTek (Cayman) Inc. (NYSE: CTK) rose 6.7 percent to $8.00 in pre-market trading. CooTek (Cayman) is expected to release Q3 results on November 14.
  • Southwestern Energy Company (NYSE: SWN) rose 4.5 percent to $6.05 in pre-market trading.
  • Advance Auto Parts, Inc. (NYSE: AAP) rose 4.4 percent to $174.39 in pre-market trading after reporting stronger-than-expected earnings for its third quarter.
  • ICICI Bank Limited (NYSE: IBN) rose 4.3 percent to $9.79 in pre-market trading after dropping 2.69 percent on Monday.
  • Cypress Semiconductor Corporation (NASDAQ: CY) rose 4.1 percent to $13.22 in pre-market trading after declining 3.93 percent on Monday.
  • Talend S.A. (NASDAQ: TLND) rose 4.1 percent to $42.98 in pre-market trading.
  • YY Inc. (NASDAQ: YY) rose 3.5 percent to $63.18 in pre-market trading


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36 Stocks Moving In Tuesday’s Mid-Day Session

Courtesy of Benzinga.

Gainers

  • Solid Biosciences Inc. (NASDAQ: SLDB) shares jumped 24.7 percent to $36.06 after reporting Q3 results.
  • Superior Industries International, Inc. (NYSE: SUP) gained 22.9 percent to $8.71.
  • Pyxis Tankers Inc. (NASDAQ: PXS) rose 21.8 percent to $2.35 after declining 13.06 percent on Monday.
  • Servotronics, Inc. (NYSE: SVT) shares jumped 21.2 percent to $12.00 following Q3 results. Servotronics reported Q3 earnings of $0.61 per share on sales of $12.77 million.
  • Beazer Homes USA, Inc. (NYSE: BZH) climbed 19.8 percent to $9.97 after the company reported better-than-expected Q4 results.
  • EuroDry Ltd. (NASDAQ: EDRY) jumped 14.3 percent to $10.80.
  • Globus Maritime Limited (NASDAQ: GLBS) gained 13.6 percent to $8.9181 following Q3 results. Globus Maritime reported third-quarter earnings of 0.08 per share, up from $(0.05) in the same quarter of last year. Sales came in at $4.861 million, up from $3.982 million year-over-year.
  • Trinity Biotech plc (NASDAQ: TRIB) shares surged 13.5 percent to $3.69.
  • Adient plc (NYSE: ADNT) rose 12.3 percent to $24.5401
  • GDS Holdings Limited (NASDAQ: GDS) rose 10.1 percent to $25.33 after reporting Q3 results.
  • Advance Auto Parts, Inc. (NYSE: AAP) rose 9.5 percent to $182.99 after reporting stronger-than-expected earnings for its third quarter.
  • Vodafone Group Plc (NASDAQ: VOD) rose 8.7 percent to $20.20 following quarterly results.
  • OptimumBank Holdings, Inc. (NASDAQ: OPHC) gained 8.6 percent to $4.832.
  • Avenue Therapeutics, Inc. (NASDAQ: ATXI) shares rose 8.6 percent to $4.5155 after InvaGen announced plans to acquire 33.3 percent stake in Avenue Therapeutics, a Fortress Biotech company.
  • Highpower International, Inc. (NASDAQ: HPJ) climbed 8.1 percent to $2.55 following Q3 results.
  • Sharing Economy International Inc. (NASDAQ: SEII) shares rose 7.9 percent to $2.60.
  • BioSig Technologies, Inc. (NASDAQ: BSGM) gained 7.5 percent to $4.5597 after reporting a new advanced research agreement with Mayo Clinic.
  • Autohome Inc. (NYSE: ATHM) gained 6.6 percent to $68.71.
  • HUYA Inc. (NYSE: HUYA) rose 5 percent to $19.41 after the company reported earnings for its third quarter.

Check out these big penny stock gainers and losers

Losers

  • EverQuote Inc (NASDAQ: EVER) dipped 39.5 percent to


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8 Stocks To Watch For November 12, 2018

Courtesy of Benzinga.

8 Stocks To Watch For November 12, 2018

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

  • Apptio Inc (NASDAQ: APTI) agreed to be acquired by private equity firm Vista Equity Partners for around $1.94 billion. Apptio shares dropped 3.34 percent to close at $24.85 on Friday.
  • Wall Street expects AECOM (NYSE: ACM) to report quarterly earnings at $0.82 per share on revenue of $5.25 billion before the opening bell. AECOM shares declined 2.27 percent to close at $32.72 on Friday.
  • Veritas Capital and Elliott Management will acquire athenahealth, Inc (NASDAQ: ATHN) for $5.5 billion in cash, Reuters reported Sunday. athenahealth reported Q3 earnings of $1.08 per share on sales of $329.5 million. Athenahealth shares gained 3.03 percent to $124.00 in after-hours trading.
  • SAP SE (NYSE: SAP) announced plans to acquire Qualtrics International for $8 billion in cash. Qualtrics recently filed for a 20 million share initial public offering. SAP shares dropped 0.48 percent to $107.79 in the after-hours trading session.

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

Choosing the best broker is an important part of being a successful trader or investor

  • Opko Health Inc. (NASDAQ: OPK) reported upbeat earnings for its third quarter, while sales missed views. Opko Health shares climbed 6.47 percent to $3.29 in the after-hours trading session.
  • Analysts expect UGI Corporation (NYSE: UGI) to post quarterly loss at $0.04 per share on revenue of $1.22 billion after the closing bell. UGI shares dropped 0.38 percent to $55.82 in after-hours trading.
  • NASCAR offered to acquire International Speedway Corp (NASDAQ: ISCA) for $42 per share. International Speedway shares surged 7.01 percent to $41.80 in the after-hours trading session.
  • GNC Holdings Inc (NYSE: GNC) reported downbeat earnings for its third quarter on Friday. GNC shares dipped 17.06 percent to $3.50 in after-hours trading.

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





 
 
 

Phil's Favorites

Theresa May's deal is almost exactly the Brexit the UK voted for

 

Theresa May’s deal is almost exactly the Brexit the UK voted for

Courtesy of Craig Berry, Manchester Metropolitan University

Forgive me, I may have missed something. There has of course been a lot to take in over the last few days. But, despite what the latest former Brexit secretary believes, it seems to me that the Brexit withdrawal agreement delivers almost exactly what the UK voted for in June 2016.

The reasons 17.4m people voted to leave the EU were mu...



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Kimble Charting Solutions

King Dollar Creating A Topping Pattern This Week?

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

King Dollar has spent the majority of the past 7-years inside of rising channel (1), as it’s created a series of higher lows and higher highs.

The 2018 rally has it kissing the underside of potential resistance this week at (2), where it could be creating a bearish reversal pattern. This one week action has NOT changed the upward trend in King Dollar.

If it breaks rising support at (3), odds favor that some selling pressure takes place in the US$, which metals would lov...



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Zero Hedge

IMF Sounds The Alarm On Leveraged Lending

Courtesy of ZeroHedge. View original post here.

Five months after the IMF sounded the alarm over junk bonds, it has now moved on to the credit market bogeyman du jour and overnight joined others such as the Fed, BIS, Oaktree, JPMorgan, and Guggenheim in "sounding the alarm on leveraged loans."

By Tobias Adrian, ...



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Insider Scoop

Analysts Cautious On Williams-Sonoma After Q3 Print

Courtesy of Benzinga.

Related WSM 48 Stocks Moving In Friday's Mid-Day Session 28 Stocks Moving In Friday's Pre-Market Session ...

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Members' Corner

NY Times: OPERATION INFEKTION

 

This is a three-part Opinion Video Series from NY Times about Russia’s meddling in the United States’ elections as part of its "decades-long campaign to tear the West apart." This is not fake news. Read more about the series here.

OPERATION INFEKTION

RUSSIAN DISINFORMATION: FROM COLD WAR TO KANYE

By Adam B. Ellick and Adam Westbrook

EPISODE 1

MEE...



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Chart School

Weekly Market Recap Nov 11, 2018

Courtesy of Blain.

This past week was saw another positive move up by bulls – especially in the Dow and S&P 500; the NASDAQ was not quite as enthusiastic.   Wednesday’s rally was on the legs of an election that was seen as market friendly or at least not as bad as it could have been.   Essentially – paying people a lot of money to get nothing done the next 2 years – woo hoo!

The market is interpreting Wedneday’s result as insuring that “no big things will get done,” in Washington between now and 2020, Craig Birk, chief investment officer at Personal Capital told MarketWatch. “The market appreciates the relative certainty of the slow legislative agenda.” he said.

“As President Trump plans his 2020 reelection campaign, a gridlocked Congress is unlik...



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Digital Currencies

Bitcoin's high energy consumption is a concern - but it may be a price worth paying

 

Bitcoin's high energy consumption is a concern – but it may be a price worth paying

Shutterstock

Courtesy of Steven Huckle, University of Sussex

Bitcoin recently turned ten years old. In that time, it has proved revolutionary because it ignores the need for modern money’s institutions to verify payments. Instead, Bitcoin relies on cryptographic techniques to prove identity and authenticity.

However, the price to pay for all of this innovation is a high carbon footprint, created by Bitc...



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ValueWalk

Vilas Fund Up 55% In Q3; 3Q18 Letter: A Bull Market In Bearish Forecasts

By Jacob Wolinsky. Originally published at ValueWalk.

The Vilas Fund, LP letter for the third quarter ended September 30, 2018; titled, “A Bull Market in Bearish Forecasts.”

Ever since the financial crisis, there has been a huge fascination with predictions of the next “big crash” right around the next corner. Whether it is Greece, Italy, Chinese debt, the “overvalued” stock market, the Shiller Ratio, Puerto Rico, underfunded pensions in Illinois and New Jersey, the Fed (both for QE a few years ago and now for removing QE), rising interest rates, Federal budget deficits, peaking profit margins, etc...



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Biotech

Gene-editing technique CRISPR identifies dangerous breast cancer mutations

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

 

Gene-editing technique CRISPR identifies dangerous breast cancer mutations

Breast cancer type 1 (BRCA1) is a human tumor suppressor gene, found in all humans. Its protein, also called by the synonym BRCA1, is responsible for repairing DNA. ibreakstock/Shutterstock.com

By Jay Shendure, University of Washington; Greg Findlay, ...



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Mapping The Market

Mistakes were Made. (And, Yes, by Me.)

Via Jean-Luc:

Famed investor reflecting on his mistakes:

Mistakes were Made. (And, Yes, by Me.)

One that stands out for me:

Instead of focusing on how value factors in general did in identifying attractive stocks, I rushed to proclaim price-to-sales the winner. That was, until it wasn’t. I guess there’s a reason for the proclamation “The king is dead, long live the king” when a monarchy changes hands. As we continued to update the book, price-to-sales was no longer the “best” single value factor, replaced by others, depending upon the time frames examined. I had also become a lot more sophisticated in my analysis—thanks to criticism of my earlier work—and realized that everything, including factors, moves in and out of favor, depending upon the market environment. I also realized...



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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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All About Trends

Mid-Day Update

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

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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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...

Learn more About Phil >>


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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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