April 20, 2017: Applied Optoelectronics Inc. will replace Adeptus Health Inc. in the S&P SmallCap 600, effective prior to the open on Tuesday, April 25. Adeptus Health has filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code to pursue a plan of reorganization and has been halted by the NYSE effective (Read More….)
April 19, 2017: NXP Semiconductors announced that it will further its collaboration with AF Payments Inc., the company behind the contactless payment cards, beep™ cards in the Philippines, to add micropayment capabilities. The popular cards commonly used for transport ticketing in the Manila Light Rail Transit System Line 1 and 2, Manila Metro Train Transit (Read More….)
April 16, 2017: Sell Wi-LAN for a 25% win in 72 days and congrats if you made money on the trade.
February 9, 2017: Wi-LAN reports Q4 EPS of $0.07 versus $0.02 YoY. Revenue also beat coming in at $30.2 million versus the $26 million estimate YoY. Wi-LAN guides Q1 Cash Operating expenses between (Read More….)
April 5, 2017: Fluor Corp announced today that it has been awarded a bid-build contract in Texas for the construction of the Texas Department of Transportation’s (TxDOT) U.S. 287 Project in Ellis County, just south of Dallas and Fluor’s corporate headquarters in Irving. Fluor will book the undisclosed contract value in the first quarter of (Read More….)
March 22, 2017: Berenberg raised Teck Resources to a Buy rating from Hold and set a price target of $27. Berenberg cites a tighter but well supplied copper market.
February 15, 2017: Teck Resources reports Q4 EPS of C$1.61 versus the C$0.03 y/y estimate. Revenue also beat coming in at C$3.56 billion versus the C$2.14 (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….)
February 16, 2017: Huntington Ingalls Industries reports Q4 EPS of $3.67 versus the $2.48 estimate. Revenue also beat coming in at $1.92 billion versus the $1.85 billion estimate.
CEO Michael Petters said, “Exceptional execution on mature programs at Ingalls lessened the impact of the ongoing transition between programs at Newport News and drove the (Read More….)
February 11, 2017: Sell Ichor Holdings for a 27% win. The Twiggs Money flow is taking a fairly large turn down which is usually a good signal to book profits. Congratulations if you were able to make money on the trade.
January 10, 2017: Ichor Holdings reports preliminary Q4 revenue of $131 million versus the (Read More….)
February 8, 2017: TTM Technologies reports Q4 EPS of $0.58 versus the $0.45 estimate. Revenue also beat coming in at $706.5 million versus the $672 million estimate.
The CEO said, “On a year over year basis, most end markets grew, with the fastest growth coming from the cellular and automotive end markets. This drove (Read More….)
January 30, 2017: Northcoast Research raised Briggs & Stratton to a Buy rating from Neutral. The upgrade is likely the result of the company beating estimates in its January 25, 2017, earnings report.
January 25, 2017: Northcoast Research reports Q2 EPS of $0.35 versus the $0.29 estimate. Revenue also beat coming in at $428 (Read More….)
January 29, 2017: Hearing takeover rumors circulating about Lakeland Industries. The rumors are that a PE firm may make a bid at around $25 a share for Lakeland Industries. I actually think this rumor has some street cred. The current market cap of Lakeland Industries is $81.3 million which is really cheap considering Lakeland Industries (Read More….)
January 29, 2017: Barron’s said that they are bullish on Magna International. Barron’s weekend summary said that they are positive on Magna International because, unlike rivals, Magna International can build an entire vehicle to a company’s specs, as it does for customers like Daimler, and it should be able to maintain growth and increase market (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 3, 2017: Whirlpool and Amazon announce a new collaboration that will usher in a suite of home appliances responsive to voice control. In early 2017, new smart appliances launching across the company’s portfolio of brands will feature voice control capabilities through Alexa enabled devices. The Whirlpool skill for Amazon Alexa will be available in (Read More….)
December 12, 2016: Davidson raised Hanesbrands to a Buy rating from Neutral, and set a price target of $29. Davidson cites valuation as the reason for the upgrade.
December 12, 2016: King raised Hanesbrands Inc to a Buy rating from Neutral, and sets a price target of $28.
December 7, 2016: Hanesbrands stock has done (Read More….)
A trade war between the US and China is likely going to start next year with a key promise of Trump to declare China a “currency manipulator” on day one of his Presidency and to enact a 45% tariff on certain Chinese produced products sold in US markets.
China has threatened to retaliate by dumping (Read More….)
I’m of the belief that one reason stock markets smashed all-time high records this week is from the massive short covering going on that led up to the Presidential election on November 8, 2016.
You had billionaires like Warren Buffett and Mark Cuban suggesting that they took short positions in case of a Trump win. (Read More….)
China has threatened to cut off the sales of US goods in China if Trump follows through with his campaign promise to declare China a currency manipulator on day one of his presidency and to place 45% tariffs on goods imported from China.
The Chinese government responded to Trump’s win with an editorial in a (Read More….)
I predict that a Trump win means down for the economy at first, then upward as the US consumer strengthens from domestic job growth.
The down first move in the economy will come from inefficiencies caused by forcing multinational corporations to bring domestic production facilities back to the US or face steep tariffs.
Several traders (Read More….)
As wages rise, more and more business owners are turning to machines instead of human labor. President Obama and Democrats have spent the last 8 years replacing high-paying jobs in the manufacturing sector with low-paying jobs in the services and health care sectors. But in all fairness, both Republicans and Democrats are to blame for (Read More….)
Pension funds in the US could be close to a collapse. There is an estimated $1.9 trillion shortfall in U.S. state and local pension funds because of low-interest rates and a sideways US stock market. Even stocks falling overseas is a problem for pension funds.
Credit Suisse published the chilling chart below on the funding (Read More….)
Mexico is devaluing its currency to gain a huge advantage in international trade. Democrats and the Obama Administration have done nothing to stop it.
Like most economists, I am for free trade; however, free trade today is not what it was in the 90s. The concept of international trade works because of comparative advantage. (Read More….)