January 23, 2017: Oversold Endo International stock did a flush today on news it has settled with the FTC. Endo confirmed the agreement to resolve Federal Trade Commission investigation and litigation. Endo has no admission of wrongdoing and no monetary penalty.
Covenants relating to patent infringement settlements are consistent with current Endo and industry (Read More….)
January 23, 2017: TheStreet.com’s Feuerstein says Celgene should considering buying Biogen. Source: http://realmoney.thestreet.com/articles/01/23/2017/5-reasons-celgene-should-buy-biogen
January 13, 2017: Biogen presented new data from the Phase 3 ENDEAR study of SPINRAZA (nusinersen), which demonstrated a statistically significant reduction in the risk of death or permanent ventilation in SPINRAZA-treated infants with spinal muscular atrophy (SMA) compared to untreated infants. (Read More….)
January 23, 2017: Silicon Motion reports Q4 EPS of $0.95 versus the $0.89 estimate. Revenue also beat coming in at $144.2 million versus the $142 million estimate.
The President and CEO Wallace Kou said, “Strength from our SSD controllers was however offset by seasonally weak eMMC controller sales and SSD Solutions project transitions. For (Read More….)
January 23, 2017: Maxim raised ADMA Biologics to a Buy rating. Maxim said ADMA Biologics announced that it will acquire Biotest’s 126,000 square foot immunoglobulin manufacturing facility (where RI-002 is manufactured) as well as two FDA-approved immunoglobulin assets (BIVIGAM and Nabi-HB). When the deal closes (April/May 2017), ADMA Biologics will become a fully integrated plasma (Read More….)
January 23, 2017: Hearing B. Riley is making positive comments on Finisar. B. Riley reiterates a Buy rating on Finisar. B. Riley says that the current weakness in the stock is a buying opportunity.
December 19, 2016: Northland Capital raised Finisar to an Outperform rating, from Market Perform, and set a price target of $40.
January 23, 2017: Stifel analyst says Cynosure could be worth up to $70 per share in a takeover scenario.
January 22, 2017: The mainstream financial press is reporting that Cynosure is exploring strategic options including a possible sale in a deal said to be worth up to $1 billion.
January 3, 2017: Cynosure stock exploded (Read More….)
Overnight Analyst Actions:
TECK Outperform FBR Capital
GRUB Hold Craig-Hallum Capital
Overnight Headlines By Ticker:
AGEN Agenus Inc.
1/20 16:07 Files to sell 158K shares by selling holders (0.2% of shares outstanding)
AMRN Amarin Corp Plc
1/23 07:04 H.C. Wainwright/ Rodman & Renshaw reiterates (Read More….)
January 23, 2017: Citron and Canaccord are battling it out over TransDigm. On Friday, January 20, 2017, Citron Research published a report laying out a short thesis on TransDigm knocking the stock down about -10%. Canaccord says the crux of the thesis is that President Trump will come after TransDigm and its aggressive pricing for (Read More….)
January 23, 2017: WiLAN announced that the Company’s subsidiaries, North Star Innovations, Inc. and PLL Technologies, Inc., have entered into patent license agreements with Nanya Technology Corporation.
Nanya Technology is a leading memory solution provider for products embedded with consumer memory and low power memory and ranks among the top five global suppliers of dynamic (Read More….)
January 22, 2017: Gulfport Energy stock looks cheap, trading at a forward P/E of 19.19. Gulfport Energy reported Q4 net production last week, and the numbers were great. Q4 net production 787 MMcfe versus the 643.8 MMcfe estimate y/y, +7% q/q, +22% y/y.
January 20, 2017: Wolfe Research raised Gulfport Energy to a Buy rating, (Read More….)
January 22, 2017: My research has caused me to be of the opinion that Kate Spade is one of the most promising takeover plays on Wall Street.
Back on December 28, 2016, rumors circulated that Kate Spade wanted to sell itself and had hired advisers to contact potential buyers. A day later, on December (Read More….)
In one of the most shocking examples of left-leaning media bias so far in 2017, CNBC quoted Ethan Harris, head of global economics at Bank of America Merrill Lynch, as saying, “He’s [President Trump] taking over at a pretty good time. The economy is at full employment; wages are beginning to accelerate. You’re not in (Read More….)
January 22, 2017: Synchronoss Technologies stock has done a candle over candle reversal off of horizontal support.
Synchronoss Technologies Stock Chart
The Finviz screener settings used to find Synchronoss Technologies are: EPS growth past 5 years 45% – 50%, Sales growth past 5 years High (>25%), Institutional Transactions Positive (>0%)
Synchronoss is a global (Read More….)
January 22, 2017: Acacia Communications’ stock has a nice rising money flow as the price of the stock chops out and moves sideways. Sideways price action while the money flow rises is one of my favorite chart patterns.
December 6, 2016: Acacia Communications announced that it has established headquarters in Limerick, Ireland, for its Europe, (Read More….)
January 22, 2017: Benchmark Company initiates coverage of AMN AMN Healthcare with a Buy rating and a price target of $46.
December 23, 2016: BMO reiterates an Outperform rating on AMN Healthcare Services and raises its price target to $43 from $40.
AMN Healthcare Services Stock Chart
The Finviz screener settings used to find AMN (Read More….)
I wasn’t the only one moved to tears after hearing Trump’s inauguration speech.
President Trump’s Inauguration Speech Transcript
Chief Justice Roberts, President Carter, President Obama, fellow Americans and people of the world, thank you. We the citizens of America are now joined in a great national effort to rebuild our country and restore its (Read More….)
A weekly Saturday night show that attempts to predict market direction for the week ahead by looking at a variety of technical and fundamental indicators.
This week’s show includes commentary on Yellen’s comments at the Commonwealth Club on Wednesday, January 18, 2017, and why President Trump needs to get rid of her as quickly as (Read More….)
January 20, 2017: Seeing heavy call activity on Hain Celestial. February calls are active again at more than 8x average daily volume.
December 12, 2016: Hain Celestial Group is coming off of a double bottom on takeover rumors that are circulating. The rumor is that GIS could be a possible suitor. Takeover rumors have been (Read More….)
Overnight Analyst Actions:
PTLA Perform Oppenheimer & Co
ICPT Hold Needham & Company Inc SIMO Neutral Nomura TEVA Neutral JPMorgan Chase and Co
Overnight Headlines By Ticker:
AMRN Amarin Corp Plc
1/20 06:00 Announces debt restructuring and related private placement of exchangeable Senior Notes
ATNM (Read More….)
January 19, 2017: Preferred Bank reports Q4 EPS of $0.71 versus the $0.66 estimate. Revenue also beat coming in at $29.4 million versus the $28.1 million estimate.
December 20, 2016: FBR & Co. makes positive comments on Preferred Bank and names it a top stock for 2017. FBR is positive on the entire banking sector. (Read More….)
March 14, 2016: 3-D Systems Corp reports Q4 2015 EPS of $0.19 versus $0.04 estimate. Revenue also beat coming in at $183 million versus $174 million estimate… (Read More….)
January 19, 2017: Fluor Corp wins Project Zuidasdok along with Heijmans and Hochtief joint venture. Zuidasdok project has been preliminarily awarded to Zuidplus, the joint venture with Fluor, Heijmans and Hochtief. The contract includes widening and partial underground installation of the A10 South motorway and expansion of the Amsterdam Zuid station in the Netherlands.
Design (Read More….)
January 19, 2017: Hearing takeover rumors circulating about GrubHub. The rumor is that Yelp is interested in acquiring the company. Could not confirm the source of the rumors.
GrubHub Stock Chart
GrubHub Inc. is the nation’s leading online and mobile food ordering company dedicated to connecting hungry diners with local takeout restaurants. (Read More….)