Author Archive for Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers’ Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM’s non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.





25 Stocks Moving in Friday’s Pre-Market Session

Courtesy of Benzinga

25 Stocks Moving in Friday's Pre-Market Session

Gainers

  • electroCore, Inc. (NASDAQ: ECOR) shares rose 83.5% to $1.37 in pre-market trading after the company submitted emergency use authorization application to allow study and use of gammaCore nVNS therapy to treat respiratory symptoms associated with coronavirus.
  • Fate Therapeutics Inc (NASDAQ: FATE) rose 23.4% to $26.00 in pre-market trading after the company announced the first patient has been treated in its first-in-human Phase 1 clinical trial evaluating FT596. The company also announced collaboration with Janssen. The company will receive $50 million upfront, $50 million in equity investment and is eligible to receive up to $1.8 billion.
  • Rosehill Resources Inc. (NASDAQ: ROSE) rose 19.4% to $0.43 in pre-market trading after gaining 16% on Thursday.
  • Francesca’s Holdings Corporation (NASDAQ: FRAN) rose 15.4% to $2.10 in pre-market trading after declining 9% on Thursday.
  • ToughBuilt Industries, Inc. (NASDAQ: TBLT) rose 14.4% to $0.1580 in pre-market trading.
  • Apache Corporation (NYSE: APA) shares rose 13% to $5.30 in pre-market trading after surging around 17% on Thursday.
  • Callon Petroleum Company (NYSE: CPE) shares rose 13.2% to $0.4880 in pre-market trading after gaining more than 5% on Thursday.
  • Tesla, Inc. (NASDAQ: TSLA) rose 13.1% to $514.05 in pre-market trading after the company reported 88,400 deliveries and 102,672 total production in the first quarter, beating analyst expectations.
  • AIkido Pharma Inc. (NASDAQ: AIKI) rose 10.7% to $0.5980 in pre-market trading after declining over 5% on Thursday.
  • Hawaiian Holdings, Inc. (NASDAQ: HA) rose 10.5% to $10.55 in pre-market trading.
  • ProPetro Holding Corp. (NYSE: PUMP) shares rose 10.3% to $3.10 in pre-market trading after climbing 26% on Thursday.
  • Seadrill Limited (NYSE: SDRL) rose 8.7% to $0.4768 in pre-market trading.
  • Canopy Growth Corporation (NYSE: CGC) shares rose 8.7% to $15.00 in pre-market trading.
  • Athersys, Inc. (NASDAQ: ATHX) rose 7.7% to $2.95 in pre-market trading after dropping over 31% on Thursday.
  • Alpha Pro Tech, Ltd. (NYSE: APT) rose 6.5% to $15.69 in pre-market trading after dropping 15% on Thursday.
  • Occidental Petroleum Corporation (NYSE: OXY) rose 6.5% to $13.60 in pre-market trading after gaining 19% on Thursday.

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Tesla Analysts Dissect ‘Surprisingly Strong’ Q1 Deliveries Data

Courtesy of Benzinga

Tesla Analysts Dissect 'Surprisingly Strong' Q1 Deliveries Data

Tesla Inc (NASDAQ: TSLA) shares gained 13.5% on Friday morning after the company reported first-quarter vehicle delivery numbers that weren’t as bad as many investors had feared.

Tesla delivered 88,400 vehicles in the first quarter of 2020, up 40.3% from a year ago and well ahead of consensus analyst estimates of 79,900. Prior to COVID-19 related shutdowns, analysts had been anticipating 95,528 deliveries.

Following its last earnings call, Tesla management said it would “comfortably exceed” 500,000 vehicle deliveries in 2020, an average quarterly rate of 125,000 vehicles. To hit that mark, Tesla will now need to average 137,200 deliveries over the next three quarters.

Analysts had mixed opinions of Tesla shares following the latest delivery numbers. Here’s a sampling of what they had to say.

Good Enough

CFRA analyst Garrett Nelson said the delivery report will help ease investors’ concerns over the negative impact of coronavirus (COVID-19).

“In light of the stock’s YTD outperformance and with the Fremont factory having been idle since March 23 (and the number of Covid-19 cases in the Bay area continuing to escalate), we remain cautious on the shares and the company’s near-term earnings outlook,” Nelson wrote.

Bank of America analyst John Murphy said Tesla’s delivery numbers weren’t great, but they’re good enough given the circumstances.

“We would note that, as production outstripped deliveries in 1Q:20 for the first time in several quarters, this could translate into a cash headwind for TSLA in the quarter, in addition to costs associated with the production shutdown, although we expect TSLA’s recent capital raise ($2.3bn equity) is more than enough to cushion the blow for now,” Murphy wrote.

See Also: Tesla Is ‘Crushing The Auto Industry’, Munster Says

Uncertain Trajectory

Wedbush analyst Daniel Ives said the first-quarter numbers were a moral victory for a company facing a bleak near-term outlook.

“With the second half of March seeing a screeching halt in demand across the globe given the current pandemic, the big question for investors going forward is around the demand trajectory for 2Q/rest of the year and cash burn as this uncertain consumer environment plays out in the field,” Ives wrote.

Piper Sandler analyst Alexander


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Economic Data Scheduled For Thursday

Courtesy of Benzinga

  • Data on motor vehicle sales for March will be released today.
  • The Challenger job-cut report for March is scheduled for release at 7:30 a.m. ET.
  • International trade report for February is scheduled for release at 8:30 a.m. ET.
  • Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET.
  • Data on factory orders for February will be released at 10:00 a.m. ET.
  • The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.
  • The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.





Nestle CEO Says Snack Foods ‘Just As Important As Essential Nutrients’

Courtesy of Benzinga

Nestle CEO Says Snack Foods 'Just As Important As Essential Nutrients'

Global food behemoth Nestle (OTC: NSRGY) is “scrambling to meet demand” to keep the world fed, but doesn’t want to take much credit, as “this is our main purpose at this hour,” CEO Mark Schneider said Wednesday during a “Mad Money” interview with Jim Cramer.

Nestle’s Premium Food Products

Cramer credits Nestle with success across multiple “premiumization” categories, including vegan, sustainable and organic. Schneider said these are trends playing out within the food category and will remain despite the coronavirus pandemic.

It’s a “worthwhile endeavor” to continue focusing on these initiatives, as they are a driver of profit, the CEO said.  

Candy Makes Everyone Happy

Cramer said one of the few items keeping his family happy during this difficult time in New York City is their shared love of candy. Schneider agreed and said snacking and comfort food are “just as important as essential nutrients.”

Everyone at Nestle, including those working at factories and distribution centers, are motivated to make sure the world can enjoy their snacks, he said.

Nestle’s Plastic Bottle Update

Sustainable packaging remains a key focus, at Nestle as it needs to be included across all product lines, the CEO said.

Some of the solutions the company is exploring include biodegradable and reusable. The company is “making good progress” toward its 2025 goals, and this year’s goal of eliminating plastic straws is still a focus, Schneider said. 

“All business initiatives are working well.”

Related Links:

7 New Food Items We Can’t Wait To Eat: Shackburger, Big King XL And More

Conagra CEO Talks Chef Boyardee: Nostalgia Is Alive





6 Consumer Cyclical Stocks Moving In Thursday’s Pre-Market Session

Courtesy of Benzinga

Gainers

Royal Caribbean Cruises, Inc. (NYSE:RCL) stock surged 4.93% to $27.04 during Thursday’s pre-market session. The most recent rating by Stifel, on Mar 18, is at Buy, with a price target of $40.

Norwegian Cruise Line, Inc. (NYSE:NCLH) shares rose 4.30% to $9.95. According to the most recent rating by B of A Securities, on Mar 17, the current rating is at Neutral.

Carnival, Inc. (NYSE:CUK) stock increased by 4.02% to $8.53.

Ford Motor, Inc. (NYSE:F) shares surged 3.52% to $4.56. The most recent rating by Morgan Stanley, on Mar 24, is at Overweight, with a price target of $7.

MGM Resorts Intl, Inc. (NYSE:MGM) stock increased by 3.23% to $12.15. The most recent rating by Morgan Stanley, on Mar 30, is at Equal-Weight, with a price target of $18.

Macy’s, Inc. (NYSE:M) stock moved upwards by 3.16% to $4.57. The most recent rating by Citigroup, on Mar 26, is at Sell, with a price target of $5.

 

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Why NanoVibronix’s Stock Is Trading Higher Today

Courtesy of Benzinga

NanoVibronix (NASDAQ: NAOV) shares are trading higher on Wednesday.

The company announced it has received reimbursement approval from the U.S. Centers for Medicare & Medicaid Services for its PainShield.

NanoVibronix focuses on the manufacturing and sale of noninvasive biological response-activating devices that target biofilm prevention, wound healing, and pain therapy. Its principal products include UroShield, an ultrasound-based product to prevent bacterial colonization and biofilm in urinary catheters, enhance antibiotic efficacy, and decrease pain and discomfort associated with urinary catheter use.

NanoVibronix shares were trading up 40.10% to $2.90 in Wednesday’s pre-market session. The stock has a 52-week high of $4.50 and a 52-week low of $1.50.





Strategist Channels His Inner Elsa, Says Apple Investors Need To Let It Go

Courtesy of Benzinga

Strategist Channels His Inner Elsa, Says Apple Investors Need To Let It Go

The “Frozen” character Elsa famously declared it’s time to “let it go” when her dark secret has been discovered. Boris Schlossberg of BK Asset Management has a similar message to Apple Inc. (NASDAQ: AAPL) investors.

‘Absolutely’ No Discretionary Spending

The market is guilty of “utterly underestimating” the ultimate economic impact the coronavirus will have on the U.S. economy, Schlossberg said during a recent CNBC “Trading Nation” segment. The average U.S. consumer is likely to only spend their money on non-discretionary goods. Unfortunately, the average consumer will “absolutely” avoid anything discretionary for at least a year.

“So within that basket, I think you have to let Apple go,” he said.

Pent Up Demand

Right now is a “very difficult time” for the American people but once the virus is resolved, people “are going to want to get out,” Piper Sandler Chief Market Technician Craig Johnson said on “Trading Nation.” The American public are going to want to go on cruises or fly, especially as the travel industry looks to cut prices to spur traffic.

The same can be said for the iPhone, especially the upcoming 5G model. Consumers showed a willingness to spend on the iPhone throughout the 2007 and 2008 economic crisis and now should be no different.

“I think you’re going to see a bigger rebound here in 2020 than I think a lot of people think,” he said.

Related Links:

Apple Supplier Foxconn’s Profit Falls Nearly 25% Year-Over-Year: Report

8 Best Investment Strategies During A Recession

Latest Ratings for AAPL

Date Firm Action From To
Mar 2020 UBS Maintains Buy
Mar 2020 Deutsche Bank Upgrades Hold Buy
Mar 2020 Nomura Instinet Maintains Neutral

View More Analyst Ratings for AAPL


View the Latest Analyst Ratings





13 Industrials Stocks Moving In Tuesday’s Pre-Market Session

Courtesy of Benzinga

Gainers

Golden Ocean Group, Inc. (NASDAQ:GOGL) stock increased by 10.45% to $3.17 during Tuesday’s pre-market session.

Safe Bulkers, Inc. (NYSE:SB) shares increased by 7.96% to $1.22. The most recent rating by Citigroup, on Mar 2, is at Sell, with a price target of $0.

Ballard Power Systems, Inc. (NASDAQ:BLDP) shares increased by 5.55% to $7.99. The most recent rating by H.C. Wainwright, on Mar 10, is at Buy, with a price target of $16.

American Airlines Group, Inc. (NASDAQ:AAL) shares surged 4.16% to $12.76. The most recent rating by Citigroup, on Mar 30, is at Sell, with a price target of $13.

United Airlines Holdings, Inc. (NASDAQ:UAL) shares surged 3.68% to $31.27. The most recent rating by Bank of America, on Mar 26, is at Neutral, with a price target of $46.

Delta Air Lines, Inc. (NYSE:DAL) stock moved upwards by 3.56% to $29.68. The most recent rating by Bank of America, on Mar 26, is at Neutral, with a price target of $36.

BIO-key International, Inc. (NASDAQ:BKYI) shares surged 3.23% to $0.83.

Losers

TOP Ships, Inc. (NASDAQ:TOPS) stock decreased by 59.25% to $0.22 during Tuesday’s pre-market session.

Seanergy Maritime Hldgs, Inc. (NASDAQ:SHIP) shares declined 15.79% to $0.28.

Globus Maritime, Inc. (NASDAQ:GLBS) shares declined 14.58% to $0.61.

SuperCom, Inc. (NASDAQ:SPCB) shares plummeted 12.03% to $0.95. According to the most recent rating by HC Wainwright & Co., on Mar 3, the current rating is at Neutral.

Nordic American Tankers, Inc. (NYSE:NAT) shares declined 8.42% to $4.35.

Castor Maritime, Inc. (NASDAQ:CTRM) shares decreased by 3.31% to $0.64.

 

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This Chart Shows E-Commerce Winners, Losers During Coronavirus Pandemic

Courtesy of Benzinga

This Chart Shows E-Commerce Winners, Losers During Coronavirus Pandemic

The coronavirus is not entirely indiscriminate in claiming economic victims: some companies seem much more immune than others.

Amazon.com, Inc. (NASDAQ: AMZN) and Chewy Inc (NYSE: CHWY) are among the conquering corporations, according to Jefferies, while eBay Inc (NASDAQ: EBAY) and Etsy Inc (NASDAQ: ETSY) are expected to suffer defeat.

Analysts are projecting an overall increase in customers for Amazon, flat growth for Chewy and declines for eBay and Etsy.

Their business models may explain why.

Amazon and Chewy are winning the online battle during the #coronavirus. EBay and Etsy getting crushed. $EBAY $ETSY $AMZN $CHWY pic.twitter.com/5tTTBtzyAA

— Brian Sozzi (@BrianSozzi) March 29, 2020

Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.

Amazon

The e-commerce site and delivery service is deemed “essential” in many sheltered states and has been given permission to continue operations. With competing brick-and-mortar retailers shuttered, shoppers have turned to Amazon for their essentials.

Notably, the company is under pressure to raise prices as warehouse laborers strike in demand for more coronavirus protections.

Chewy

Brick-and-mortar pet stores remain open for business as “essential” operations. But Chewy’s e-commerce platform offers unique convenience and, as many believe, safety. The online pet supplies retailer could seize new repeat customers in the near-term.

EBay

Spikes in unemployment will likely depress discretionary spending in the near term. Those who can afford to spend are taking precautions to limit contact with the contagion — which may mean avoiding products from vendors with unknown sanitation policies. 

Etsy

Etsy’s position is similar to that of eBay’s. The site’s offerings are not particularly critical for quarantine survival, and shoppers fear contaminants. Since early March, Etsy has removed coronavirus-related listings such as homemade hand sanitizer and alleged miracle herbs.

Related Links:

Mark Newton Says There Can Still Be Winners In Retail, But Be Selective

Mall Owner Taubman To Tenants: Pay Your Rent

Latest Ratings for EBAY

Date Firm Action From To
Feb 2020 RBC Capital Maintains Sector Perform
Jan 2020 Canaccord Genuity Maintains Hold
Jan 2020 BMO Capital Maintains Outperform

View More Analyst Ratings for EBAY


View the Latest Analyst Ratings





 
 
 

Zero Hedge

The Fed And The Treasury Have Now Merged

Courtesy of ZeroHedge View original post here.

Submitted by Jim Bianco of Bianco Research

As I've argued, the Fed and the Treasury merged. Powell said this was the case today (from his Q&A):

These programs we are using, under the laws, we do these, as I mentioned in my remarks, with the consent of the Treasury Secretary and the fiscal backing from the congress through the Treasury. And we are doing it to provide credit to households, businesses, state and local governments. As we are directed by the Congress. We are using that fiscal backstop to absorb any losses we have.

Our ability is limited by the law. We have to find u...



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Phil's Favorites

The PhilStockWorld.com Weekly Webinar - 04-08-2020

For LIVE access on Wednesday afternoons, join us at Phil's Stock World – click here.

 

Major Topics:

00:01:34 - Checking on the Markets
00:04:32 - Current News
00:31:34 - LEVI
00:35:08 - AMZN
00:39:26 - Mark Mahaney's Stock Coverage
00:43:00 - Public Transportation & Disinfecting
00:48:08 - Petroleum Status Report & OPEC
01:00:24 - COVID-19 Update | WYNN
01:16:00 - Portfolio Projection: Income Portfolio
01:17:23 - FUTURES
01:18:49 - Earnings Portfolio
01:19:27 - STP | LTP
01:22:52 - S&P 500
01:30:05 - AAPL
01:34:15 - VIX
01:36:00 - M
01:42:56 - VIAC
01:47:02 - XOM
01:50:29 - LB
01:52:44 - IRBT
01:57:48 - Crude Oil WTI
02...



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Biotech/COVID-19

COVID-19 is hitting black and poor communities the hardest, underscoring fault lines in access and care for those on margins

 

COVID-19 is hitting black and poor communities the hardest, underscoring fault lines in access and care for those on margins

Nurse Shelia Rickman participates in an after-shift demonstration on Monday, April 6, 2020, in Chicago’s Hyde Park neighborhood, after media reports of disproportionate numbers of black people dying from COVID-19 in the city. AP Photo/Charles Rex Arbogast

Grace A. Noppert, University of North Carolina at Chapel Hill

As the COVID-19 epidemic continues to ravage the American public, an unsurprisin...



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ValueWalk

Coronavirus symptoms, causes, prevention and cure

By Jacob Wolinsky. Originally published at ValueWalk.

The best case situation for Coronavirus or COVID-19 is that in a few weeks it dies down and things get back to normal. However, we must entertain the possibility of a far more frightening scenario.

COVID-19 models continue to change for the better

April 9, 2020 Update: More than 1.5 million people around the world have been infected by the novel coronavirus, and nearly 90,000 have died. In the U.S., the death toll surpassed 14,000 on Wednesday. Tuesday alone saw a record 1,858 deaths. So far, approximately 425,000 people in the U.S. have tested positive for COVID-19.

Although researchers say the peak hasn’t been reached yet, the model in use by the White House and many other agencies was updated on Wednesday. The number of projected deaths from the virus in the U.S. declined to 60,415 by August, compared...



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Kimble Charting Solutions

Silver/Gold Indicator Creates Largest Bullish Pattern In Decades!

Courtesy of Chris Kimble

Is an important metals indicator sending one of the largest bullish messages in nearly 50-years? Very Possible!

This chart looks at the Silver/Gold ratio on a monthly basis since the mid-1970s. Historically metals bulls want to see the ratio heading up, to send the metals complex a solid bullish message.

The ratio hit the top of the falling channel (A) back in 2011, where it created a large bearish reversal pattern. Since creating the bearish pattern at resistance, the ratio has experienced a significant decline.

9 years after hitting the top of the channel the ratio hit the bottom of the channel at (1) last month, where it looks to have created one of the largest monthly b...



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The Technical Traders

Adaptive Fibonacci Suggests Much Lower Prices Yet To Come - Part I

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system suggests a much deeper price move is in the works and the current price rally will likely end near resistance levels identified by the Adaptive Fibonacci Price Modeling system.  We are posting this research post for friends and followers to help them understand the true structure of price and to allow them to prepare for what we believe will become a much deeper downside price move in the future.

Fibonacci Price Theory teaches us that price moves in waves within up and down price cycles. The recent peak in price, near February 25, 2020, has resulted in a very deep -36% price collapse in the S&P 500 (ES) recently. This dow...



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Chart School

The Big Short movie guides us to what is next for the stock market

Courtesy of Read the Ticker

There is nothing new in WallStreet, it is only the players that change. Sometimes a market player or an event gets ahead of the crowd and WallStreet has to play catch up.

Previous Post Dow 2020 Crash Watch Dow, Three strikes and your out!

It is important to understand major WallStreet players do not want to miss out on a money making moves.  







...

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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Members' Corner

10 ways to spot online misinformation

 

10 ways to spot online misinformation

When you share information online, do it responsibly. Sitthiphong/Getty Images

Courtesy of H. Colleen Sinclair, Mississippi State University

Propagandists are already working to sow disinformation and social discord in the run-up to the November elections.

Many of their efforts have focused on social media, where people’s limited attention spans push them to ...



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Digital Currencies

While coronavirus rages, bitcoin has made a leap towards the mainstream

 

While coronavirus rages, bitcoin has made a leap towards the mainstream

Get used to it. Anastasiia Bakai

Courtesy of Iwa Salami, University of East London

Anyone holding bitcoin would have watched the market with alarm in recent weeks. The virtual currency, whose price other cryptocurrencies like ethereum and litecoin largely follow, plummeted from more than US$10,000 (£8,206) in mid-February to briefly below US$4,000 on March 13. Despite recovering to the mid-US$6,000s at the time of writin...



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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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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Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.