Author Archive for Insider Scoop

Benzinga’s Top Upgrades, Downgrades For February 25, 2020

Courtesy of Benzinga

Upgrades

  • Sidoti & Co. changed the rating for FormFactor Inc (NASDAQ: FORM) from Neutral to Buy. For the fourth quarter, FormFactor had an EPS of $0.41, compared to year-ago quarter EPS of $0.31. The stock has a 52-week-high of $28.58 and a 52-week-low of $14.20. FormFactor’s stock last closed at $23.16 per share.

Downgrades

  • Dougherty downgraded the stock for Palo Alto Networks Inc (NYSE: PANW) from Buy to Neutral. Palo Alto Networks earned $1.19 in the second quarter. The stock has a 52-week-high of $260.63 and a 52-week-low of $192.17. Palo Alto Networks’s stock last closed at $237.07 per share.
  • MKM Partners downgraded the stock for Dine Brands Global Inc (NYSE: DIN) from Buy to Neutral. For the fourth quarter, Dine Brands Global had an EPS of $1.78, compared to year-ago quarter EPS of $1.70. The stock has a 52-week-high of $104.47 and a 52-week-low of $68.02. Dine Brands Global’s stock last closed at $96.34 per share.
  • Compass Point changed the rating for E*TRADE Financial Corp (NASDAQ: ETFC) from Buy to Neutral. ETRADE Financial earned $0.84 in the fourth quarter, compared to $1.03 in the year-ago quarter. The stock has a 52-week-high of $57.30 and a 52-week-low of $34.68. ETRADE Financial’s stock last closed at $50.38 per share.

Initiations

  • With a rating of Outperform, Credit Suisse initiated coverage on Reynolds Consumer Products Inc (NASDAQ: REYN). The price target is set at $34.00 for Reynolds Consumer. The stock has a 52-week-high of $31.99 and a 52-week-low of $27.10. Reynolds Consumer’s stock last closed at $30.22 per share.
  • Benchmark initiated coverage on Ramaco Resources Inc (NASDAQ: METC) with a Buy rating. The price target for Ramaco Resources is set at $5.00. In the fourth quarter, Ramaco Resources showed an EPS of $0.05, compared to $0.08 from the year-ago quarter. The stock has a 52-week-high of $7.22 and a 52-week-low of $2.82. Ramaco Resources’s stock last closed at $2.84 per share.
  • With a rating of Overweight, JP Morgan initiated coverage on Reynolds Consumer Products Inc (NASDAQ: REYN). The price target is set at $37.00 for Reynolds Consumer. The stock has a 52-week-high of $31.99 and a 52-week-low of $27.10. Reynolds Consumer’s stock last closed at $30.22 per share.
  • Needham initiated coverage on Aurora Cannabis Inc (NYSE: ACB) with a Hold rating. The price target for Aurora Cannabis is set at $1.50. In the second quarter, Aurora Cannabis showed an EPS of ($0.19), compared to ($0.18) from the year-ago quarter. The stock has a 52-week-high


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Salesforce Brings In Earnings Beats, Co-CEO Keith Block Steps Down

Courtesy of Benzinga

Salesforce Brings In Earnings Beats, Co-CEO Keith Block Steps Down

Shares of Salesforce.com (NYSE: CRM) dropped on Tuesday despite fourth-quarter earnings and sales beats as the company announced its CEO would step down.

Investors sold off the software vendors shares after its announcement that co-CEO Keith Block would step down. Marc Benioff was named chair and CEO.

The company reported earnings of 66 cents per share, beating Street estimates by more than a dime and up nearly 14% from the same quarter last year.

Sales came in at $4.85 billion, also beating analysts’ expectations of $4.75 billion, and up more than 34% over the same period a year ago.

Salesforce also raised its fiscal 2021 sales guidance from $21 billion to $21.1 billion.

The company also said it will acquire cloud and mobile software provider Vlocity for about $1.33 billion. The deal is expected to close in the second quarter of fiscal 2021, the company said.

Highlights

  • 2020 Revenue of $17.1 Billion was up up 29% year-over-year in constant currency.
  • Fourth quarter operating cash flow was $1.63 Billion, up 23% year-over-year.
  • Raised first quarter of 2021 revenue guidance from $4.875 billion to $4.885 billion, up about 30% year-over-year.

“We are delighted to raise our revenue guidance for FY21 by $200 million to $21.1 billion at the high end of the range, while expanding our operating margin,” Benioff said in a statement. 

Stock Down

Salesforce’s stock was down about 1.6% in after-hours trading to $179.

Related Links:

Salesforce Raises 2020 Sales Guidance

Posted-In: Keith Block Marc BenioffEarnings M&A News Guidance Management After-Hours Center Best of Benzinga





94 Biggest Movers From Friday

Courtesy of Benzinga

Gainers

  • Trans World Entertainment Corporation (NASDAQ: TWMC) shares jumped 50.9% to close at $5.28 on Friday after the company disclosed that its subsidiary etailz entered into a deal with Encina for $25 million 3-year secured revolving credit facility.
  • Celldex Therapeutics, Inc. (NASDAQ: CLDX) gained 35.2% to close at $3.07. Cantor Fitzgerald initiated coverage on Celldex Therapeutics with an Overweight rating and a $8 price target.
  • Ducommun Incorporated (NYSE: DCO) gained 33.1% to close at $56.95 after the company reported better-than-expected Q4 results. B. Riley upgraded Ducommun from Neutral to Buy and raised the price target from $55 to $60.
  • Eldorado Gold Corp (NYSE: EGO) gained 32.1% to close at $9.93 after the company reported better-than-expected Q4 sales results. The company also issued FY20 gold production.
  • Avadel Pharmaceuticals plc (NASDAQ: AVDL) shares surged 32% to close at $9.40 after the company reported a $65 million private placement with investors led by Vivo Capital, Avoro Capital Advisors, RTW Investments, Venrock Healthcare Capital Partners, Acuta Capital, and KVP Capital.
  • Genprex, Inc. (NASDAQ: GNPX) gained 21.7% to close at $5.33.
  • American Software, Inc. (NASDAQ: AMSWA) gained 20.8% to close at $19.20 following strong quarterly results. B. Riley upgraded American Software from Neutral to Buy and raised the price target from $18 to $19.5.
  • IGM Biosciences, Inc. (NASDAQ: IGMS) rose 20.3% to close at $60.69.
  • Dropbox, Inc. (NASDAQ: DBX) gained 20% to close at $22.45 after the company reported stronger-than-expected results for its fourth quarter and disclosed a $600 million buyback program.
  • ToughBuilt Industries, Inc. (NASDAQ: TBLT) gained 18.6% to close at $0.2420 after surging more than 28% on Thursday.
  • Oncolytics Biotech Inc. (NASDAQ: ONCY) rose 17.9% to close at $2.63.
  • China Xiangtai Food Co., Ltd. (NASDAQ: PLIN) surged 17.8% to close at $3.04.
  • National CineMedia, Inc. (NASDAQ: NCMI) surged 17.1% to close at $9.37 after the company reported better-than-expected Q4 EPS and sales results.
  • California Resources Corporation (NYSE: CRC) shares rose 16.8% to close at $7.59. The company earlier announced exchange offers and subscriptions relating to $454M principal amount of new term loans and common stock warrants. The co. also reported production data from its Elk Hill unit.
  • Microbot


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Pepsi To Acquire One of China’s Largest Snack Brands In $705M Deal

Courtesy of Benzinga

Pepsi To Acquire One of China's Largest Snack Brands In $705M Deal

PepsiCo, Inc. (NASDAQ: PEP) has announced that it will acquire Be & Cherry, a large Chinese snackmaker from Haoxiangni Health Food Co., Ltd.

What Happened

PepsiCo said in a statement released Sunday that it would purchase Hangzhou Haomusi Food Co. Ltd., also known as Be & Cherry, for $705 million from Haoxiangni.

Ram Krishnan, CEO of PepsiCo Greater China, said in a statement that Be & Cherry is “highly complementary” to Pepsi’s existing Chinese business due to its broad product portfolio, asset-light model, and a focus on e-commerce.

Haoqun Qiu, Chairman of Be & Cherry, said, “We are thrilled to be joining the PepsiCo family.” He added, “PepsiCo and Be & Cheery are jointly confident in the prospects for China’s snacks industry and share a commitment to invest in consumer-led and digitalized capabilities.” 

Why It Matters

PepsiCo has operated in China for nearly 40 years, and this transaction will allow them to become China’s “leading consumer-centric food and beverage company.”

The sale of Be & Cherry would allow Haoxiangni to focus on rural revitalization, agricultural products, and its jujube business. 

Hangzhou based Be & Cherry is considered to be one of the largest e-commerce snack companies in China and has revenues of nearly 5 billion yuan or $711.7 million as of 2019.

Price Action

PepsiCo shares traded 0.034% higher at $145.90 in the after-hours session on Friday. The shares had closed the regular session 0.48% higher at $145.85.

Haoxiangni shares traded 0.71% at $1.60 higher at press time in Shenzhen. 

Posted-In: China PepsiCo Inc.M&A News Global Markets General Best of Benzinga





21 Basic Materials Stocks Moving In Monday’s Pre-Market Session

Courtesy of Benzinga

Gainers

  • Harmony Gold Mining Co, Inc. (NYSE: HMY) stock increased by 11.3% to $4.61 during Monday’s pre-market session.
  • Gold Fields, Inc. (NYSE: GFI) stock rose 8.1% to $8.07.
  • Kinross Gold, Inc. (NYSE: KGC) shares surged 7.4% to $6.40. The most recent rating by Credit Suisse, on January 23, is at Neutral, with a price target of $5.25.
  • Eldorado Gold, Inc. (NYSE: EGO) shares increased by 5.6% to $10.50. The most recent rating by Credit Suisse, on January 16, is at Underperform, with a price target of $7.50.
  • Anglogold Ashanti, Inc. (NYSE: AU) shares increased by 5.6% to $23.36. According to the most recent rating by UBS, on February 06, the current rating is at Neutral.
  • Endeavour Silver, Inc. (NYSE: EXK) stock moved upwards by 5.2% to $2.14.
  • Barrick Gold, Inc. (NYSE: GOLD) stock moved upwards by 4.9% to $22.40. The most recent rating by Credit Suisse, on January 16, is at Outperform, with a price target of $22.00.
  • Hecla Mining, Inc. (NYSE: HL) stock rose 4.9% to $3.45.
  • Newmont, Inc. (NYSE: NEM) stock surged 4.2% to $51.50. The most recent rating by CIBC, on February 24, is at Outperformer, with a price target of $58.00.
  • First Majestic Silver, Inc. (NYSE: AG) shares rose 3.6% to $10.32. The most recent rating by H.C. Wainwright, on February 20, is at Buy, with a price target of $12.00.
  • Pan American Silver, Inc. (NASDAQ: PAAS) stock rose 3.2% to $26.02. According to the most recent rating by Canaccord Genuity, on February 21, the current rating is at Hold.
  • Iamgold, Inc. (NYSE: IAG) shares surged 2.4% to $3.21.

Losers

  • ArcelorMittal, Inc. (NYSE: MT) shares plummeted 7.4% to $15.03 during Monday’s pre-market session. The most recent rating by KeyBanc, on December 11, is at Overweight, with a price target of $22.00.
  • Freeport-McMoRan, Inc. (NYSE: FCX) shares decreased by 6.0% to $11.23. The most recent rating by Credit Suisse, on January 14, is at Underperform, with a price target of $10.00.
  • BHP Gr, Inc. (NYSE: BBL) shares fell 5.8% to $40.53.
  • Rio Tinto, Inc. (NYSE: RIO) stock fell 5.5% to $51.60. According to the most recent rating by RBC Capital, on February 11, the current rating is at Underperform.
  • BHP Group, Inc. (NYSE: BHP) stock decreased by 5.4% to $47.67.
  • Israel Chemicals, Inc. (NYSE:


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Zynga’s 2020 Guidance Appears Conservative, KeyBanc Says

Courtesy of Benzinga

Zynga's 2020 Guidance Appears Conservative, KeyBanc Says

Zynga Inc (NASDAQ: ZNGA) has guided to 2020 bookings of $1.75 billion, which implies merely 6% growth excluding new games, according to KeyBanc Capital Markets.

The Zynga Analyst

Tyler Parker maintained an Overweight rating for Zynga with a price target of $18.50.

The Zynga Thesis

Zynga’s guidance for bookings growth appears conservative and the company has beaten initial guidance over the past three years, Parker said in the note.

Assuming live services generates the lion’s share of growth in 2020, with a contribution of only 5% coming from new games, the guidance seems conservative, given that Farmville 3, Puzzle Combat and Harry Potter are scheduled to be launched in the back half of 2020, the analyst said.

Excluding new games, the guidance implies only 6% growth in core games. This is conservative in view of the ongoing momentum with the Empires & Puzzles and Merge franchises, Parker said. He added that, even if Poker, Words with Friends and CSR do not generate any growth, growth in franchises other Empires & Puzzles and Merge will lend upside to the estimates.

Noting that the current consensus estimate is set marginally higher than the guidance, Parker raised his 2020 bookings estimate from $1.76 billion to $1.78 billion.

ZNGA Price Action

Shares of Zynga were down 1.75% to $7.00 at time of publication.

Photo by Rob Hampson on Unsplash

Latest Ratings for ZNGA

Date Firm Action From To
Feb 2020 Piper Sandler Maintains Overweight
Jan 2020 Morgan Stanley Maintains Overweight
Jan 2020 KeyBanc Initiates Coverage On Overweight

View More Analyst Ratings for ZNGA


View the Latest Analyst Ratings

Posted-In: KeyBanc Capital MarketsAnalyst Color News Guidance Price Target Reiteration Analyst Ratings Tech





6 Industrials Stocks Moving In Friday’s Pre-Market Session

Courtesy of Benzinga

Gainers

  • ToughBuilt Industries, Inc. (NASDAQ: TBLT) shares moved upwards by 10.3% to $0.23 during Friday’s pre-market session. The most recent rating by Maxim Group, on February 05, is at Buy, with a price target of $0.50.
  • Deere, Inc. (NYSE: DE) stock moved upwards by 6.3% to $176.29. The most recent rating by BMO Capital, on December 02, is at Outperform, with a price target of $180.00.
  • Ballard Power Systems, Inc. (NASDAQ: BLDP) shares surged 3.2% to $13.20.
  • Plug Power, Inc. (NASDAQ: PLUG) stock moved upwards by 1.6% to $5.60. The most recent rating by B. Riley, on November 25, is at Buy, with a price target of $6.00.

Losers

  • BlueLinx Hldgs, Inc. (NYSE: BXC) stock decreased by 28.4% to $13.98 during Friday’s pre-market session. The most recent rating by B. Riley FBR, on February 04, is at Buy, with a price target of $17.00.
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE) shares declined 4.5% to $35.37. The most recent rating by Morgan Stanley, on December 09, is at Overweight, with a price target of $22.00.

Posted-In: Industrials Stocks Pre-Market MoversPre-Market Outlook Markets Movers Trading Ideas





68 Stocks Moving In Friday’s Mid-Day Session

Courtesy of Benzinga

Gainers

  • Trans World Entertainment Corporation (NASDAQ: TWMC) shares climbed 120.5% to $7.72 after the company disclosed that its subsidiary etailz entered into a deal with Encina for $25 million 3-year secured revolving credit facility.
  • Celldex Therapeutics, Inc. (NASDAQ: CLDX) fell 39.8% to $3.1744. Cantor Fitzgerald initiated coverage on Celldex Therapeutics with an Overweight rating and a $8 price target.
  • TSR, Inc. (NASDAQ: TSRI) gained 36.2% to $8.17.
  • DPW Holdings Inc (NYSE: DPW) shares jumped 31.8% to $2.03 after the company announced its global defense business, Gresham Worldwide Inc., has received a $1.4 million order from a leading defense and aerospace customer.
  • Avadel Pharmaceuticals plc (NASDAQ: AVDL) shares climbed 30.4% to $9.28 after the company reported a $65 million private placement with investors led by Vivo Capital, Avoro Capital Advisors, RTW Investments, Venrock Healthcare Capital Partners, Acuta Capital, and KVP Capital.
  • ToughBuilt Industries, Inc. (NASDAQ: TBLT) jumped 30.4% to $0.2660 after surging more than 28% on Thursday.
  • Dropbox, Inc. (NASDAQ: DBX) rose 21.1% to $22.66 after the company reported stronger-than-expected results for its fourth quarter and disclosed a $600 million buyback program.
  • Ducommun Incorporated (NYSE: DCO) rose 20.7% to $51.64 after the company reported better-than-expected Q4 results. B. Riley upgraded Ducommun from Neutral to Buy and raised the price target from $55 to $60.
  • Eldorado Gold Corp (NYSE: EGO) gained 20.3% to $9.20 after the company reported better-than-expected Q4 sales results. The company also issued FY20 gold production.
  • Baudax Bio, Inc. (NASDAQ: BXRX) shares rose 20.1% to $9.49 after the company announced it has received FDA approval for ANJESO, the management of moderate to severe pain.
  • Sprouts Farmers Market, Inc. (NASDAQ: SFM) climbed 15.4% to $18.52 after the company reported upbeat Q4 results. Bernstein upgraded Sprouts Farmers Market from Market Perform to Outperform.
  • National CineMedia, Inc. (NASDAQ: NCMI) gained 15% to $9.19 after the company reported better-than-expected Q4 EPS and sales results.
  • Surface Oncology, Inc. (NASDAQ: SURF) jumped 13.7% to $4.1375.
  • Universal Electronics Inc. (NASDAQ: UEIC) rose 13.4% to $51.00 after reporting upbeat Q4 earnings.
  • Zix Corporation (NASDAQ: ZIXI) surged 13% to $8.99 after the company reported better-than-expected Q4 earnings.
  • Inpixon (NASDAQ:


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Raymond James Upgrades RealReal Ahead Of Q4 Print

Courtesy of Benzinga

Raymond James Upgrades RealReal Ahead Of Q4 Print

RealReal Inc (NASDAQ: REAL) is scheduled to report fourth-quarter results after the closing bell on Feb 25. Street estimates for the quarter appear conservative, given the company’s continued revenue strength and margin expansion, according to Raymond James.

The Analyst

Raymond James’ Aaron Kessler upgraded RealReal from Market Perform to Outperform while establishing a price target of $21.

The Thesis

RealReal’s near-term fundamental trends seem positive and the company could report fourth-quarter revenue at $94 million, representing 51% year-on-year growth and beating the Street’s expectation of $91 million, Kessler said in the note.

He expects RealReal to post gross merchandise volume of $301 million, up 38% year-on-yea, and net merchandise volume of $217 million, translating to 41% growth.

The analyst cited SimilarWeb traffic data, which indicates a 74% increase in total web visits in December. He added that there could be upside to the fourth-quarter estimate for total buyers, which is at 540,000.

A recent consumer survey by Raymond James showed that RealReal’s brand awareness has almost doubled, which “should continue to drive solid customer/revenue growth as well as more efficient marketing spend,” Kessler wrote.

The analyst also said that the resale market’s trend of shifting online bodes well for RealReal, as it is the leader in the luxury segment.

Price Action

Shares of RealReal were up 6.14% to $15.56 at time of publication Friday.

Related Links

DA Davidson Says The RealReal Will ‘Dominate Digital Consignment Space’

Benzinga’s Top Upgrades, Downgrades For December 19, 2019

Photo by Breno Assis on Unsplash

Latest Ratings for REAL

Date Firm Action From To
Feb 2020 Raymond James Upgrades Market Perform Outperform
Feb 2020 BMO Capital Initiates Coverage On Outperform
Dec 2019 Needham Initiates Coverage On Buy

View More Analyst Ratings for REAL


View the Latest Analyst Ratings

Posted-In: Aaron Kessler Raymond JamesAnalyst Color Upgrades Price Target Previews Analyst Ratings Trading Ideas





The Daily Biotech Pulse: Heron Pain Drug Review Extended, Disappointment For Teva In Tourette Syndrome Study

Courtesy of Benzinga

The Daily Biotech Pulse: Heron Pain Drug Review Extended, Disappointment For Teva In Tourette Syndrome Study

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. 19)

  • Adverum Biotechnologies Inc (NASDAQ: ADVM)
  • Akebia Therapeutics Inc (NASDAQ: AKBA)
  • Anavex Life Sciences Corp (NASDAQ: AVXL)
  • Arcus Biosciences Inc (NYSE: RCUS)
  • Ascendis Pharma A/S (NASDAQ: ASND)
  • AVITA MED LTD/S ADR (NASDAQ: RCEL)(reacted to its half-yearly results)
  • Bio-Rad Laboratories, Inc. Class A (NYSE: BIO)
  • Calithera Biosciences Inc (NASDAQ: CALA)
  • ChemoCentryx Inc (NASDAQ: CCXI)
  • Cue Biopharma Inc (NASDAQ: CUE)(said its therapeutic Immuno-STAT platform will be featured in a Merck & Co., Inc.’s (NYSE: MRK) presentation at the Antigen Specific Immune Tolerance Drug Development Summit)
  • DexCom, Inc. (NASDAQ: DXCM)
  • Fate Therapeutics Inc (NASDAQ: FATE)
  • Fulgent Genetics Inc (NASDAQ: FLGT)
  • GALAPAGOS NV/S ADR (NASDAQ: GLPG)
  • GENMAB A/S/S ADR (NASDAQ: GMAB)(reacted to its quarterly and full-year results)
  • Grifols SA – ADR ADR Class B (NASDAQ: GRFS)
  • Insulet Corporation (NASDAQ: PODD)
  • Intuitive Surgical, Inc. (NASDAQ: ISRG)
  • Leap Therapeutics Inc (NASDAQ: LPTX)
  • Medpace Holdings Inc (NASDAQ: MEDP)
  • Mersana Therapeutics Inc (NASDAQ: MRSN)
  • Minerva Neurosciences Inc (NASDAQ: NERV)
  • Momenta Pharmaceuticals, Inc. (NASDAQ: MNTA)
  • Nevro Corp (NYSE: NVRO)
  • Penumbra Inc (NYSE: PEN)
  • Pacira Biosciences Inc (NASDAQ: PCRX)
  • PTC Therapeutics, Inc. (NASDAQ: PTCT)
  • Quest Diagnostics Inc (NYSE: DGX)
  • Repligen Corporation (NASDAQ: RGEN)
  • Repro-Med Systems, Inc. (NASDAQ: KRMD)
  • ResMed Inc. (NYSE: RMD)
  • Soligenix, Inc. (NASDAQ: SNGX)
  • Syneos Health Inc (NASDAQ: SYNH)
  • Tandem Diabetes Care Inc (NASDAQ: TNDM)
  • TELA Bio Inc (NASDAQ: TELA)
  • Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX)
  • Viela Bio Inc (NASDAQ: VIE)
  • Zai Lab Ltd (NASDAQ: ZLAB)
  • Zimmer Biomet Holdings Inc (NYSE: ZBH)

Down In The Dumps

(Biotech Stocks Hitting 52-week lows on Feb. 19)

  • AcelRx Pharmaceuticals Inc (NASDAQ: ACRX)
  • CASI Pharmaceuticals Inc (NASDAQ: CASI)
  • GenMark Diagnostics, Inc (NASDAQ:


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Phil's Favorites

DARK TOWERS by David Enrich

 

In his best-selling book Dark Towers, David Enrich, finance editor at The New York Times, chronicles the complicated history of Deutsche Bank and its entanglement with Donald Trump. Reviewing Dark Towers, Roger Lowenstein writes, 

"Enrich’s most tantalizing nugget is that in the summer of 2016, Jared Kushner’s real estate company (which received lavish financing from Deutsche) was moving money to various Russians. A bank compliance officer filed a “suspicious activity report,” but the report was quashed and she was fired. The suggestion that maybe the money was payback for Russian campaign meddling isn’t one that Enrich can prove. Similarly, we will have to wait to see if Deutsch...



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Zero Hedge

NYSE Announces Disaster-Recovery Test Due To Virus Fears

Courtesy of ZeroHedge View original post here.

In a somewhat shocking sounding move, given administration officials' ongoing effort to calm the public fears over the spread of Covid-19, The New York Stock Exchange has announced it will commence disaster-recovery testing in its Cermak Data Center on March 7 amid coronavirus concern, Fox Business reports in a tweet, citing the exchange.

During this test, NYSE will facilitate electronic Core Open and Closing Auctions as if the 11 Wall Stree...



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Chart School

Dow, Three strikes and your out!

Courtesy of Read the Ticker

The Dow has topped out with major events, the current virus could be the third strike!

2001 - 9/11 Twin Towers
2007 - Bear Sterns
2020 (?) - C19 Virus


Chart explains all. Dow Jones Industrial's comparing market tops 2000, 2007 and 2020.


Click for popup. Clear your browser cache if image is not showing.












Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of ...

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ValueWalk

Cities With The Most 'New' And Tenured Homeowners

By Jacob Wolinsky. Originally published at ValueWalk.

Homeownership is a major investment. Not just financially, but when a person or family purchases a home, they’re investing years – if not decades – in that particular community. 55places wanted to find out which real estate markets are luring in new homebuyers, and which ones are dominated by owners that haven’t moved in decades. The study analyzed residency data in more than 300 US cities and revealed the top 10 cities with the most tenured homeowners – residents who’ve lived in and owned their home for more than 30 years – are sprinkled across ...



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Kimble Charting Solutions

Financial Crisis Deja Vu: Home Construction Index Double Top?

Courtesy of Chris Kimble

Most of us remember the 2007-2009 financial crisis because of the collapse in home prices and its effect on the economy.

One key sector that tipped off that crisis was the home builders.

The home builders are an integral piece to our economy and often signal “all clears” or “short-term warnings” to investors based on their economic health and how the index trades.

In today’s chart, we highlight the Dow Jones Home Construction Index. It has climbed all the way back to its pre-crisis highs… BUT it immediately reversed lower from there.

This raises concerns about a double top.

This pr...



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Insider Scoop

A Peek Into The Markets: US Stock Futures Plunge Amid Coronavirus Fears

Courtesy of Benzinga

Pre-open movers

U.S. stock futures traded lower in early pre-market trade. South Korea confirmed 256 new coronavirus cases on Thursday, while China reported an additional 327 new cases. Data on U.S. international trade in goods for January, wholesale inventories for January and consumer spending for January will be released at 8:30 a.m. ET. The Chicago PMI for February is scheduled for release at 9:45 a.m. ET, while the University of Michigan's consumer sentime...



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Biotech & Health

Could coronavirus really trigger a recession?

 

Could coronavirus really trigger a recession?

Coronavirus seems to be on a collision course with the US economy and its 12-year bull market. AP Photo/Ng Han Guan

Courtesy of Michael Walden, North Carolina State University

Fears are growing that the new coronavirus will infect the U.S. economy.

A major U.S. stock market index posted its biggest two-day drop on record, erasing all the gains from the previous two months; ...



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The Technical Traders

SPY Breaks Below Fibonacci Bearish Trigger Level

Courtesy of Technical Traders

Our research team wanted to share this chart with our friends and followers.  This dramatic breakdown in price over the past 4+ days has resulted in a very clear bearish trigger which was confirmed by our Adaptive Fibonacci Price Modeling system.  We believe this downside move will target the $251 level on the SPY over the next few weeks and months.

Some recent headline articles worth reading:

On January 23, 2020, we ...



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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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Members' Corner

Threats to democracy: oligarchy, feudalism, dictatorship

 

Threats to democracy: oligarchy, feudalism, dictatorship

Courtesy of David Brin, Contrary Brin Blog 

Fascinating and important to consider, since it is probably one of the reasons why the world aristocracy is pulling its all-out putsch right now… “Trillions will be inherited over the coming decades, further widening the wealth gap,” reports the Los Angeles Times. The beneficiaries aren’t all that young themselves. From 1989 to 2016, U.S. households inherited more than $8.5 trillion. Over that time, the average age of recipients rose by a decade to 51. More ...



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Digital Currencies

Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

 

Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

‘We have you surrounded!’ Wit Olszewski

Courtesy of Gavin Brown, Manchester Metropolitan University and Richard Whittle, Manchester Metropolitan University

When bitcoin was trading at the dizzying heights of almost US$2...



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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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