Author Archive for Insider Scoop

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





10 Biggest Price Target Changes For Monday

Courtesy of Benzinga.

  • Barclays cut the price target for American International Group, Inc. (NYSE: AIG) from $71 to $62. AIG shares closed at $43.82 on Friday.
  • Wells Fargo lowered the price target for D.R. Horton, Inc. (NYSE: DHI) from $62 to $48. D.R. Horton shares closed at $34.40 on Friday.
  • Canaccord Genuity lowered the price target for Asure Software, Inc. (NASDAQ: ASUR) from $22 to $13. Asure Software shares closed at $7.75 on Friday.
  • KeyBanc cut the price target for athenahealth, Inc. (NASDAQ: ATHN) from $170 to $142. athenahealth shares closed at $120.35 on Friday.
  • H.C. Wainwright lowered the price target on Achaogen, Inc. (NASDAQ: AKAO) from $19 to $3. Achaogen shares closed at $2.25 on Friday.
  • Citigroup cut Southern Copper Corporation (NYSE: SCCO) price target from $43 to $33. Southern Copper shares closed at $37.93 on Friday.
  • Bank of America raised Armstrong World Industries, Inc. (NYSE: AWI) price target from $63 to $75. Armstrong World shares closed at $67.22 on Friday.
  • Wells Fargo raised the price target on L Brands, Inc. (NYSE: LB) from $30 to $55. L Brands shares closed at $36.50 on Friday.
  • Vertical Group cut the price target for GrafTech International Ltd. (NYSE: EAF) from $29 to $9. GrafTech shares closed at $16.08 on Friday.
  • B. Riley FBR lowered Adamis Pharmaceuticals Corporation (NASDAQ: ADMP) price target from $7.50 to $2.50. Adamis Pharmaceuticals shares closed at $2.78 on Friday.

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





Things Are Going From Bad To Worse For GE

Courtesy of Benzinga.

Things Are Going From Bad To Worse For GE

Even with General Electric Company (NYSE: GE)’s stock down more than 74 percent in the past three years, Wall Street analysts are still saying investors should still think twice about buying the dip.

Credit Suisse analyst John Walsh on Monday reiterated his Neutral rating and lowered his price target from $12 to $10. The risk-reward balance for GE stock has still not normalized.

“Poor visibility into fundamentals (e.g., Power and forward Aviation margin) coupled with uncertainty around liabilities (e.g., insurance, Capital, WMC, and SEC investigation) keep us sidelined,” Walsh wrote.

Concerns Remain

While he says upside-to-downside risk is currently 2-to-1, there are still four main concerns with GE stock that keep him from being bullish:

  • Unknown liability size.
  • Persistent Power weakness.
  • Unstable aviation margins.
  • Lackluster cash flow.

Walsh said GE’s core business is not necessarily fundamentally broken, but there’s no end in sight to GE’s issues, at least in the near term. At this point, there’s no way to accurately predict what GE’s financials will look like once new CEO Larry Culp’s restructuring plan is implemented.

Culp said on Monday he feels a sense of “urgency” to get GE back on track and that the company has “plenty of opportunities through asset sales” to dial down its leverage.

Walsh isn’t the only expert that is still skeptical of GE. On Friday, JPMorgan analyst Stephen Tusa sut his price target for GE stock to just $6.

“While the stock is down ~70% from the peak of $30, this move still does not sufficiently reflect the fundamental facts,” he wrote.

No Technical Support

While GE’s fundamentals are a mess, Miller Tabak analyst Matt Maley said on Friday GE stock is unlikely to get any technical support in the near term either.

“Even though the stock is very oversold on a very near-term basis, if you look at its weekly [relative strength index chart], it’s not as oversold as it was on two


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Everything We Know About The California Fires

Courtesy of Benzinga.

Everything We Know About The California Fires

PG&E Corporation (NYSE: PCG) stock plunged Monday after a 12-percent drop Friday as investors grow increasingly concerned about the financial impact of the California wildfires. Although there is no evidence as of yet that the Camp Fire, the Hill Fire or the Woolsey Fire were caused by faulty infrastructure, Height Capital Markets analyst Clayton Allen said a pair of California utility stocks are potentially facing major liability risks.

Market Risk

“Rapidly expanding wildfires in California once again raise the specter of inverse condemnation-related liability for investor-owned utilities in the state,” Allen said in a note. 

PG&E has high exposure to the Camp Fire region, while Edison International (NYSE: EIX) has exposure to the Hill and Woolsey Fires.

“Although no evidence tying either firm to the fires has been released, we think that both utility companies face significant risk under the currently expansive definition of inverse condemnation,” he said.

PG&E reported a power outage in a high-voltage power line at about 6:15 a.m. Thursday near the origin of the Camp Fire, which was first reported about 20 minutes later, according to the San Francisco Chronicle.

What’s To Blame?

In a series of tweets over the weekend, President Donald Trump blamed the fires on poor forest management in California.

There is no reason for these massive, deadly and costly forest fires in California except that forest management is so poor. Billions of dollars are given each year, with so many lives lost, all because of gross mismanagement of the forests. Remedy now, or no more Fed payments!

— Donald J. Trump (@realDonaldTrump) November 10, 2018

Meteorologists say the fires aren’t a result of forest management but rather a combination of extremely strong winds, exceptionally dry conditions and residential overdevelopment.

PG&E pushed earlier this year for a change to wildfire liability laws in California.

Under the law, utility companies are liable for any fires started by utility company equipment, even if the companies were not found to be negligent. The utility companies have argued that the increased frequency and size of California wildfires has created financial risk for them that could threaten the stability of the California electrical grid.

Cost, Containment

The latest round of wildfires may move the


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Phil's Favorites

Life in South Africa's economic hub is improving -- but big challenges remain

 

Life in South Africa's economic hub is improving -- but big challenges remain

The Gauteng City-Region is home to a quarter of South Africa’s population. Mark Momberg

Courtesy of Julia de Kadt, Gauteng City-Region Observatory and Alexandra Parker, Gauteng City-Region Observatory

More than 14 million people live in South Africa’s economic hub, the Gauteng City-Region. That’s 25% of the country’s population.

A lot of media reporting and public discussion about Gauteng i...



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Zero Hedge

"It Was All A Lie": Homeless Vet, NJ Couple Charged In $400,000 GoFundMe Grift

Courtesy of ZeroHedge. View original post here.

A feel-good story about a New Jersey couple who raised over $400,000 to help a homeless good Samaritan - before they pilfered his GoFundMe account - was all a scam, a prosecutor said Thursday. 

39-year-old Mark D'Amico (left), 28-year-old Kate McClure (center) and 35-year-old Johnny Bobbitt (right) are facing theft and conspir...

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Kimble Charting Solutions

Gold Bugs; Would Love This To Be A Double Top!

Courtesy of Chris Kimble.

Gold, Silver, and the precious metals industry have a pretty simple relationship with the U.S. Dollar: They perform better when the Dollar is weakening… and they tend to struggle when the Dollar is strengthening.

One of our favorite ratios to monitor for Gold Bugs is the U.S. Dollar/Gold ratio. It tells us when the Dollar is weakening or heading lower (which is good for gold) or when it is strengthening or heading higher (bad for gold).

Looking at the Dollar/Gold chart below, we can see that the ratio climbed higher from late 2011 to early 2016. This wreaked havoc on Gold prices. Since peaking in early 2016, the ratio has formed a broad declining channel (pink shaded area). Each swing lower has provided a tailwind for Gold prices, while each counter-swing higher has been a headwind.

in ...



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Insider Scoop

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

Courtesy of Benzinga.

Related M Big Box Bonanza: Walmart Beats Most Estimates, But Brexit Could Steal Attention Mid-A...

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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...

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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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