Author Archive for Insider Scoop

Stifel: Aurora’s ‘Bad’ Q4 Extends Beyond Headline Numbers

Courtesy of Benzinga

Stifel: Aurora's 'Bad' Q4 Extends Beyond Headline Numbers

Read more about our latest Cannabis News! CANNABIS HOME

Cannabis company Aurora Cannabis Inc (NYSE: ACB) (TSE: ACB) reported fiscal fourth-quarter results last week that looked “bad” on the surface, but look even worse when digging beyond the headline numbers, according to Stifel.

The Analyst

W. Andrew Carter downgraded Aurora’s Toronto-listed stock rating from Hold to Sell with a price target lowered from CA$7 ($5.29) to CA$5 ($3.78). 

Click here for more information about the upcoming Benzinga Cannabis Capital Conference Oct. 22-23 in Chicago.

The Thesis

Aurora’s shortfall in the quarter is evident due to a reported $20.1 million of bulk wholesale trim sales that are unlikely to repeat at the same level, Carter said in a Sunday downgrade note. (See his track record here.)

The headline net cannabis revenue of CA$94.7 million suggests a net cannabis revenue base closer to CA$75 million versus Stifel’s estimate of CA$92.5 million.

The “lower quality” performance marks a reversal from the company’s update in August, when it alluded to a strong in-market performance and a leadership position in Canada, the analyst said. 

Instead, the company recorded CA$44.9 million in adult use sales in Canada, which implies that it lags Canopy Growth Corp (NYSE: CGC), which reported CA$49 million in adult use sales, including a CA$6.5-million charge for potential returns, he said. 

Aurora’s report suggests it is far removed from achieving profitability, and any sequential improvement in the reported quarter was “underwhelming” when considering unique events, like a CA$14.9-million benefit from accounting changes, Carter said. 

Looking forward, the analyst said he expects a “more muted” adult use market in the first half of 2020 and sees a likelihood of Aurora’s sales hitting a plateau in the near-term.

Sales are likely to accelerate in the back half of the year from “Cannabis 2.0,” but the Stifel is moving its full-year revenue target lower from CA$600 million to CA$485 million.

The EBITDA loss for fiscal 2020 was also revised from CA$32 million to a loss of CA$89 million.

The company is likely need to oversee a “significant” capital market raise before the end of the first quarter of 2020 and will ultimately find itself in a difficult


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The Street Reacts To Kroger’s Q2 With Mixed Takeaways

Courtesy of Benzinga

The Street Reacts To Kroger's Q2 With Mixed Takeaways

Kroger Co (NYSE: KR) reported second-quarter results that came in better than expected. The earnings beat may have been overshadowed by management’s decision to remove its prior guidance of $400 million in incremental EBIT by fiscal 2021.

Q2 A Mix Of Positives And Negatives

Kroger’s headline numbers “looked fine” as identical store (ID) sales excluding fuel of 2.2% was the best seen since early 2016, Morgan Stanley analyst Simeon Gutman wrote in a note. Gross margins (ex-fuel) improved from down 40 basis points in the first quarter to down 30 basis points while EBIT margins (ex-fuel) contracted just 20 basis points versus a 55 basis point contraction in the first quarter.

Gutman said Kroger’s improving metrics comes at a time when industry-wide sales and peer comps both improved and management acknowledged it didn’t gain any market share in the quarter.

Similarly, UBS analyst Michael Lasser said Kroger’s report includes a combination of “puts and takes.” On the positive side, the company’s ID growth came from a combination of store renovations, private label, higher than expected inflation, and digital. These headwinds appear to have carried over into the third quarter.

On the other hand, the pharmacy business continues to see “intense” pressures and the segment’s gross margins likely fell by up to 200 basis points. Kroger’s headwinds in the pharmacy segment could continue through the end of the year.

Related Link: Kroger’s Q1 Draws Tepid Reaction From Analysts, Investors Pull Back

No Debating At Credit Suisse

Kroger reported its “most compelling” earnings print in a while as ID sales came in north of 2% for the first time since 2016, Credit Suisse analyst Judah Frommer wrote in a note. Other key takeaways include 31% growth in digital sales and online buying is available to 95% of Kroger households. Also, private label sales rose 3.1% which is a record second quarter high.

“Continued confidence in robust free cash flow generation and a return to consistent share repurchase activity could lay the groundwork for improved own-ability of KR stock at peer-low valuation,” Frommer wrote in a note.

2020 And 2021 Outlook

Kroger kept its 2020 EPS guidance range unchanged at $2.15 to $2.25, Bank


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Stocks That Hit 52-Week Lows On Friday

Courtesy of Benzinga

Before 10 a.m E.T on Friday, 95 companies hit new 52-week lows.

Key Facts:

  • Altria Group (NYSE: MO) was the biggest company on a market cap basis to set a new 52-week low.
  • High Performance (OTC: TBEV) was the smallest, in terms of market cap, to set a new 52-week low
  • Of the companies setting new 52-week lows, Strikepoint Gold (OTC: STKXF) underwent the biggest reversal. Shares of Strikepoint Gold actually traded up 48.0% to bounce back from its new 52-week low.

During the first half-hour of trading on Friday, the following stocks set new 52-week lows:

  • Altria Group (NYSE: MO) stock set a new 52-week low of $42.39 on Friday morning, with shares later moving down 4.59%.
  • Bank of America (OTC: BFALL) stock hit a new 52-week low of $24.89 to begin trading. The stock was down 0.56% on the session.
  • Fairfax Financial Hldgs (OTC: FRFFF) shares hit a yearly low of $14.10 today morning. The stock was down 2.72% on the session.
  • Capital One Financial (OTC: COFOL) shares fell to $24.62 on Friday morning, setting a new 52-week low. Shares then moved down 1.09%.
  • ANGI Homeservices (NASDAQ: ANGI) stock set a new 52-week low of $7.62 on Friday morning, with shares later moving up 3.3%.
  • Holly Energy Partners (NYSE: HEP) stock dropped to a yearly low on Friday morning of $26.15. Shares then traded down 2.76%.
  • Unicaja Banco (OTC: UNJCF) shares fell to $0.80 on Friday morning, setting a new 52-week low. Shares then moved down 8.77%.
  • PDL BioPharma (NASDAQ: PDLI) stock hit $2.21 on Friday morning, setting a new 52-week low. The stock traded down 5.27% over the course of the day.
  • Giordano International (OTC: GRDZF) shares set a new yearly low of $0.30 this morning. The stock was down 0.66% on the session.
  • Myovant Sciences (NYSE: MYOV) shares set a new 52-week low of $6.31 today morning. The stock traded down 4.47% over the session.
  • Heska (NASDAQ: HSKA) stock moved up 2.28% over Friday’s trading session after setting a new 52-week low of $63.30 to open trading.
  • Mammoth Energy Services (NASDAQ: TUSK)


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The Cannabis Company Backed By Jay-Z And Joe Montana Gets New Execs, Board Members

Courtesy of Benzinga

The Cannabis Company Backed By Jay-Z And Joe Montana Gets New Execs, Board Members

Read more about our latest Cannabis News! CANNABIS HOME

Caliva, one of the largest vertically integrated cannabis companies in California, announced this week it has added a new board member, Jeffry R. Allen, and three new executive team members:

  • Joseph Sequenzia, as Chief Marketing Officer
  • Leann Taylor, as Chief Strategy Officer
  • Drew Kornreich, as Chief Mergers & Acquisitions Officer

These new team members bring impressive and extensive experience in their respective fields, along with “a passion for providing ubiquitous access to the highest standards of plant-based solutions,” a company representative told Benzinga.

Caliva also counts on the support of billionaire rapper and entrepreneur Shawn “Jay-Z” Carter, who serves as chief brand strategist; an investment from Joe Montana’s Liquid 2 Ventures; and Carol Bartz, former CEO of Autodesk, Inc. (NASDAQ: ADSK) and Yahoo, who serves as Chairwoman of the Board.

About The New Team Members

Allen is the former Executive Vice President of Business Operations at NetApp Inc. (NASDAQ: NTAP) and will be integral in guiding Caliva’s fiscal responsibility and growth in his new role.

Sequenzia founded the advertising agency milk*. His previous experience includes working for brands like Pepsi, Nike (NYSE: NKE) and Starbucks (NASDAQ: SBUX).

Taylor brings more than two decades of expertise having previously served as Head of Investor Relations at Warner Music Group.

Korneich joins the leadership team after having spent his career in large-scale consolidations, mergers and acquisitions, corporate finance and private structured opportunistic transactions. He was also the Co-Founder, President and General Counsel of High Tower Holding, LLC, an independent wealth-management firm.

“Caliva has already established itself as a leader in this rapidly evolving legal cannabis market, with plans to enter new categories in 2020,” Sequenzia told Benzinga. “I look forward to working alongside the company’s impressive executive leadership team as we bring these unprecedented projects and partnerships to life. Together, I am confident we will continue to innovate in this ever-growing industry.”

Read more about our latest Cannabis News! CANNABIS HOME

Posted-In: Caliva Carol Bartz Drew Kornreich jay-zCannabis News Management Markets Best of Benzinga





71 Biggest Movers From Yesterday

Courtesy of Benzinga

Gainers

  • T2 Biosystems, Inc. (NASDAQ: TTOO) shares jumped 82.5% to close at $2.61 on Wednesday after the company announced that it has been awarded a breakthrough technology contract with Premier. Premier’s members will receive special pricing and access to T2 Biosystems’ T2Bacteria Panel and T2Candida Panel.
  • Yuma Energy, Inc. (NYSE: YUMA) shares climbed 64% to close at $2.9850 on Wednesday after the company announced a third-party has purchased all of the company’s outstanding senior secured bank debt and related liabilities for approximately $35 million.
  • Francesca’s Holdings Corporation (NASDAQ: FRAN) gained 59.4% to close at $16.58 on Wednesday after climbing 101.55% on Tuesday.
  • Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX) gained 27.9% to close at $2.20 after the company announced the termination of its alliance and settlement with Sanofi. Sanofi must pay the company $260 million.
  • Bicycle Therapeutics plc (NASDAQ: BCYC) climbed 27.6% to close at $8.97.
  • YRC Worldwide Inc. (NASDAQ: YRCW) rose 27.2% to close at $4.40 after reporting a new term loan agreement.
  • Globalstar, Inc. (NYSE: GSAT) jumped 24.8% to close at $0.47 after the company announced that Charlie Ergen and his EchoStar firm have started a strategic partnership for the company’s debt refinancing program.
  • J. C. Penney Company, Inc. (NYSE: JCP) gained 23.8% to close at $1.25 on seemingly no company-specific news. The stock is approaching a 3-month high on above-average volume.
  • China Online Education Group (NYSE: COE) shares rose 23.6% to close at $7.27 following Q2 results and Q3 guidance.
  • American Renal Associates Holdings, Inc. (NYSE: ARA) rose 23.3% to close at $13.49.
  • CARBO Ceramics Inc. (NYSE: CRR) rose 23% to close at $2.57.
  • Precision BioSciences, Inc. (NASDAQ: DTIL) surged 22% to close at $9.80.
  • Libbey Inc. (NYSE: LBY) jumped 20.5% to close at $2.53.
  • BioXcel Therapeutics, Inc. (NASDAQ: BTAI) rose 18.2% to close at $10.26.
  • LiveXLive Media, Inc. (NASDAQ: LIVX) shares jumped 17.9% to close at $2.64.
  • Outlook Therapeutics, Inc. (NASDAQ: OTLK) gained 16.5% to close at $1.77 after Ladenburg Thalmann initiated coverage on the stock with a Buy rating and announced a price target of $9 per share.
  • Neovasc


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Viavi Raises Q1 Guidance, Announces $200M Buyback

Courtesy of Benzinga

Viavi Raises Q1 Guidance, Announces $200M Buyback

Viavi Solutions Inc. (NASDAQ: VIAV) raised its first-quarter guidance Thursday and said its board of directors have authorized a stock repurchase program for up to $200 million of the company’s common stock through open market or private transactions before Sept. 30, 2021.

The company’s analyst day event is being held Thursday. 

For the fiscal first quarter of 2020 ending Sept. 28, Viavi raised its revenue guidance from a range of $273 million to $293 million to a range of $282 million to $294 million; and raised its non-GAAP earnings per share guidance from a range of 14-16 cents to a range of 15-17 cents. 

The stock repurchase program replaces a previous $200-million stock repurchase program announced by the company that was set to expire Sept. 30, under which approximately $148.6 million in shares were repurchased as of Wednesday. 

Viavi shares were trading higher by 1% at $15 in Thursday’s premarket session. The stock has a 52-week high of $15 and a 52-week low of $9.17.

Related Links:

Viavi Solutions Holds 5G Opportunity, Says Bullish Rosenblatt

Zscaler Down 20% On Lower EPS Guidance

Photo courtesy of Viavi. 

Posted-In: News Guidance Buybacks Best of Benzinga





3 Europe ETFs For The ECB Meeting

Courtesy of Benzinga

3 Europe ETFs For The ECB Meeting

European stocks and the related exchange traded funds haven’t been all that bad this year, but when measure against their U.S. counterparts, the picture grows murkier. Year-to-date, the iShares MSCI Eurozone ETF (CBOE: EZU) is up 14.4%, trailing the S&P 500 by nearly 700 basis points.

Eurozone stocks can take some steps toward shedding their laggard status today on the back of the European Central Bank meeting.

The ECB cut the interest rate on deposits by 10 basis points to 0.5% Thursday and said it would relaunch quantitative easing. 

The risk is that banks in the region will be pinched, a consideration for investors because many eurozone ETFs are heavy on the financial services sector.

“While the ECB’s strategy is to boost growth and inflation by lowering borrowing costs for companies and households, squeezing banks too much could hamper their ability to supply the credit that fuels the economy,” according to Bloomberg.

In addition to the aforementioned EZU, here are some Europe ETFs to consider today and over the remainder of 2019.

WisdomTree Europe Hedged Equity Fund

The WisdomTree Europe Hedged Equity Fund (NYSE: HEDJ) accomplishes two primary goals. First, it exploits weakness in the euro via its currency hedge. Second, its financial services weight is just 11.73%, making that sector merely the fifth-largest in the fund. Additionally, HEDJ is proof positive that there are opportunities in eurozone stocks as this WisdomTree has performed inline with the S&P 500 this year.

“It took less than a generation to balloon the ECB’s balance sheet from below 1 trillion euros to 4.69 trillion euros ($5.19 trillion) via bond purchases. How big of a dent can the ECB make in equities? This isn’t the $24-trillion S&P 500; the MSCI EMU Index is worth only 3.77 trillion euros ($4.18 trillion),” according to WisdomTree.

SPDR EURO STOXX 50 ETF

The SPDR EURO STOXX 50 ETF (NYSE: FEZ) tracks the EURO STOXX 50 Index.

That index “captures approximately 60% of the free-float market capitalization of the EURO STOXX Total Market Index, which in turn covers approximately 95% of the free float market capitalization of the represented countries,” according to State Street.

FEZ is a concentrated ETF — it really


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Canaccord Genuity Upgrades PayPal, Downgrades Square

Courtesy of Benzinga

Canaccord Genuity Upgrades PayPal, Downgrades Square

There have been plenty of headlines in the digital payments space of late, and one analyst has adjusted his ratings on two of the leading payments stocks.

The Analyst

Canaccord Genuity analyst Joseph Vafi downgraded Square Inc (NYSE: SQ) from Buy to Hold and lowered his price target from $88 to $64.

Vafi also upgraded Paypal Holdings Inc (NASDAQ: PYPL) from Hold to Buy and raised his price target from $110 to $118.

The Thesis

Vafi said Square has done an impressive job in creating some of the best payment products available today, but competition could keep Square’s valuation in check. He said Square is further along than any other payments company is creating what he calls a “virtuous payments circle ecosystem” in which funds get cycled through its ecosystem repeatedly, generating transaction fees along the way.

At the same time, he said the recent consolidation wave in payments has created unprecedented competition, and Square will need to demonstrate more consistent payment volume growth and more momentum in the Cash App to warrant a more premium market valuation.

On the other hand, Vafi said the pullback in PayPal is a buying opportunity given the company’s impressive growth numbers at such a large scale. In addition, he said the recent guidance cut has eliminated most of the near-term risk.

“Net net, with the pullback in the stock post last quarter’s results, we see positive risk/reward in PYPL shares currently,” he wrote in the note.

Benzinga’s Take

The payments space is well-positioned for secular long-term growth, but increasing competition and lofty valuations are both near-term concerns. Square may ultimately provide the most upside, but PayPal appears to be the safer play at the moment based on Cannacord’s analysis.

Do you agree with this take? Email feedback@benzinga.com with your thoughts.

Related Links:

Bank Of America Cuts Square Target Due To Questions About 2020 Guidance

JPMorgan Challenges Stripe, Square With Free Same-Day WePay Deposits

Latest Ratings for SQ

Date Firm Action From To
Sep 2019 Downgrades Buy Hold
Sep 2019 Maintains Neutral
Sep 2019 Maintains Buy

View More Analyst Ratings for SQ


View the Latest Analyst Ratings

Posted-In: Canaccord Genuity Joseph VafiAnalyst Color Upgrades Downgrades Price Target Top Stories Analyst Ratings Best of Benzinga





10 Biggest Price Target Changes For Wednesday

Courtesy of Benzinga

  • Citigroup raised Public Storage (NYSE: PSA) price target from $223 to $250. Public Storage shares closed at $250.00 on Tuesday.
  • Wells Fargo boosted Micron Technology, Inc. (NASDAQ: MU) price target from $50 to $60. Micron shares closed at $49.39 on Tuesday.
  • Bank of America lifted Apple Inc. (NASDAQ: AAPL) price target from $240 to $250. Apple shares closed at $216.70 on Tuesday.
  • UBS lowered the price target for L Brands Inc (NYSE: LB) from $24 to $19. L Brands shares closed at $18.55 on Tuesday.
  • Stifel raised the price target for Restoration Hardware Holdings, Inc (NYSE: RH) from $153 to $196. RH shares closed at $158.88 on Tuesday.
  • Benchmark cut the price target on GameStop Corp. (NYSE: GME) from $5 to $3. GameStop shares closed at $5.09 on Tuesday.
  • Wedbush lowered the price target for Zscaler Inc. (NASDAQ: ZS) from $90 to $80. Zscaler shares closed at $61.60 on Tuesday.
  • Baird cut the price target for HD Supply Holdings Inc (NASDAQ: HDS) from $50 to $40. HD Supply shares closed at $39.10 on Tuesday.
  • Nomura raised the price target for Synchrony Financial (NYSE: SYF) from $39 to $43. Synchrony Financial shares closed at $33.80 on Tuesday.
  • Oppenheimer boosted the price target on Costco Wholesale Corporation (NASDAQ: COST) from $295 to $300. Costco closed at $297.00 on Tuesday.

Posted-In: Price Target ChangesPrice Target Pre-Market Outlook Analyst Ratings





‘Limited Scope, Time To Stage A Turnaround’: GameStop Analysts React To Difficult Q2

Courtesy of Benzinga

'Limited Scope, Time To Stage A Turnaround': GameStop Analysts React To Difficult Q2

GameStop Corp. (NYSE: GME) continues to have a difficult year after reporting a second-quarter earnings miss Tuesday. Here’s what the Street had to say. 

Credit Suisse: It May Get Worse Before It Gets Better

Credit Suisse analyst Seth Sigman said in a Wednesday note that the retailer still has plenty to prove, and it’s going to take more than a new cycle of new consoles from Playstation and Xbox.

With the company’s strategic cost-cutting initiatives underway, the analyst said he appreciates the new focus, but said results may still get worse before they get better.

“It’s difficult to envision any major profit improvement in 2020,” he said. 

Credit Suisse maintained an Underperform rating on GameStop and lowered its price target from $6.50 to $6.

BofA: Limited Turnaround Opportunity 

Bank of America Merrill Lynch analyst Curtis Nagle said in a Tuesday note that, with EBIT declining 50% year-over-year and most issues affecting the company being out of its control, “there is very limited scope and time to stage a turnaround.”

The analyst maintained an Underperform rating with a $2.50 price target.

Benchmark: GameStop ‘Will Be Dislocated’ 

Benchmark analyst Mike Hickey said in a Wednesday note that he expects continued cost-cutting and store closures in the near future as the company strains from the ongoing shift to digital purchases.

“We believe the future of gaming is digital cloud-based delivery, an opportunity where GME will be dislocated. We do not expect investor sentiment for GameStop to improve, and we believe questionable valuations on current fundamentals are inherently flawed,” the analyst said. 

GameStop’s new management team appears detached from emerging digital trends, and the idea that GameStop will emerge as a social and cultural gaming hub is highly unlikely, he said. 

Benchmark maintained a Sell rating and lowered the price target from $5 to $3.

Wedbush Sees Positive FCF Trend

Wedbush analyst Michael Pachter has a contrarian bullish view on GameStop, and said in a Wednesday note that he expects shares to trade at a compressed EPS multiple until the company can slow the rate of decline in its core video game business.

“We continue to believe that GameStop is an attractive investment. The company expects to generate over $200 million in free


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Phil's Favorites

Buyer beware: How Libra differs from Bitcoin

 

Buyer beware: How Libra differs from Bitcoin

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

Courtesy of Alfred Lehar, University of Calgary

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

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



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Digital Currencies

Buyer beware: How Libra differs from Bitcoin

 

Buyer beware: How Libra differs from Bitcoin

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

Courtesy of Alfred Lehar, University of Calgary

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

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



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Zero Hedge

What's Hot In Women's Fashion?

Courtesy of ZeroHedge View original post here.

Via Global Macro Monitor,

Capitalism at its best or worst?

We have a few questions:

1)  Does the Tariff Man get a royalty for the sale of each dress sold, and will that violate the Emolumen...



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Lee's Free Thinking

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

Courtesy of Lee Adler

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

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

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



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The Technical Traders

Is A Price Revaluation Event About To Happen?

Courtesy of Technical Traders

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

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



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Kimble Charting Solutions

India About To Experience Major Strength? Possible Says Joe Friday

Courtesy of Chris Kimble

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

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

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

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



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Insider Scoop

10 Biggest Price Target Changes For Friday

Courtesy of Benzinga

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


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Chart School

Crude Oil Cycle Bottom aligns with Saudi Oil Attack

Courtesy of Read the Ticker

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

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

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

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

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

We shall see. 

...

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Biotech

The Big Pharma Takeover of Medical Cannabis

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

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

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



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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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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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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