February 12, 2017: I’m hearing takeover rumors circulating about BJ’s Restaurants. The rumor is that Darden may be interested in acquiring BJ’s Restaurants. The source of the rumors appears to come from this article: https://www.thestreet.com/story/13993863/1/olive-garden-parent-company-darden-is-ready-for-a-blockbuster-deal.html
I think BJ’s is an excellent takeover candidate right now as its market cap is $901 million and yet the (Read More….)
February 11, 2017: Selling ACADIA Pharmaceuticals Monday for about a 15.8% win. Congratulations if you were able to make money on the trade.
February 5, 2017: ACADIA Pharmaceuticals Inc reportedly receives takeover approach from AstraZeneca according to an article on StreetInsider. Source: http://www.streetinsider.com/Hot+M+and+A/ACADIA+%28ACAD%29+Said+to+Receive+Takeover+Offer+from+AstraZeneca+%28AZN%29+-+Source/12496195.html
Pfizer may also have interest in acquiring lead drug candidate Nuplazid but (Read More….)
February 8, 2017: The mainstream financial media reports that Grubhub Seamless Inc is expanding agreements with BWLD, Subway and PF Changs and adding agreements with Dennys, Red Robin, and Hooters.
January 19, 2017: Hearing takeover rumors circulating about GrubHub. The rumor is that Yelp is interested in acquiring the company. Could not confirm the (Read More….)
February 3, 2017: The Hartford Financial Services Group Inc reports Q4 EPS of $1.08 versus the $0.96 estimate. Revenue also beat coming in at $4.54 billion versus the $4.51 billion estimate.
The CEO said, “Commercial Lines had an excellent quarter, with a stable underlying combined ratio of 88.2, solid growth in new business, and (Read More….)
February 3, 2017: Raymond James and Baird crashed our long position in GoPro. Then Baird cut GoPro to an Underperform rating from Neutral and set a price target of $6. Let’s sell for a 1.17% gain. I’m not feeling it’s good to fight Raymond James and Baird over GoPro right now. GoPro’s stock did a (Read More….)
February 1, 2017: Hearing merger rumors circulating about Hertz Global. The rumor is that activist shareholder Carl Icahn could push for a merger with Avis. I could not confirm the source of the rumors.
December 14, 2016: MKM Partners reiterates a Buy rating on Hertz and sets a price target of $33.
December 13, (Read More….)
January 31, 2017: Illumina beats on earnings and revenue. Illumina reports Q4 EPS of $0.85 versus the $0.81 estimate. Illumina also beat on revenue coming in at $619 million versus the $614 million estimate.
The CEO said, “Research and development (R&D) expenses for the fourth quarter of 2016 were $129.9 million, or 21.0% of revenue, (Read More….)
January 31, 2017: Hearing takeover rumors circulating about Avianca Holdings after reports in the mainstream financial press. The rumor is that Avianca Holdings’ largest shareholder Synergy Group was not happy with any of the three takeover offers received. Avianca Holdings and Synergy Group are looking for better offers.
December 17, 2016: I’m hearing takeover rumors (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 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….)
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….)
January 15, 2017: Hearing takeover rumors about Amicus Therapeutics. The rumors are that Shire is interested in acquiring Amicus Therapeutics. I could not confirm the source of the rumors.
January 9, 2017: Amicus Therapeutics guides FY17 net cash spend at $200 to $225 million. Cash, cash equivalents, and marketable securities totaled $331 million as of (Read More….)
January 6, 2017: Hearing takeover rumors circulating about Etsy. The rumor is that InterActive Corp is interested in acquiring the company for around $16 a share. The takeover rumors about Etsy started back on October 28, 2016, when former Yahoo CEO Ross Levinsohn said on CNBC that he thought Etsy could be a takeover target.
January 5, 2017: Pacific Crest/Keybanc raises Twilio to an Overweight rating, from Sector Weight, and sets a price target of $36. Pacific Crest/Keybanc says the reasons for the upgrade are:
– Upward bias to 2017 consensus estimates of 30% revenue growth vs. 60.8% in 2016
– Increasing probability that it reaches profitability by year-end
January 4, 2017: Seeing heavy call activity in Alexion Pharmaceuticals: 2,000 Aug $140 calls traded at $12.80. I wonder if the heavy call activity has anything to do with the takeover rumors that were circulating on December 20, 2016, about Alexion Pharmaceuticals?
December 22, 2016: Leerink defending Alexion Pharmaceuticals; Reiterates outperform rating and price target (Read More….)
January 3, 2017: Lots of merger and takeover rumors coming from the tobacco sector after the California Public Employees’ Retirement System (Calpers) voted on December 19, 2016, to sell off its remaining tobacco stocks worth about $550 million. Tobacco stocks did a big sell-off.
According to reports in the mainstream financial media, British American Tobacco (Read More….)
December 28, 2016: Hearing takeover rumors about biotechnology firm Intercept Pharmaceuticals. The rumor is that Novartis could be a potential acquirer. Can not find the source of the rumors. StreetInsider asked an Intercept Pharmaceuticals spokesperson about the rumor and the company said it will not comment on M&A speculation.
Intercept Pharmaceuticals Stock Chart
Intercept (Read More….)
December 26, 2016: Hearing takeover rumors circulating about OpGen. The rumors are coming from the fact that Merck Global Health Innovation Fund disclosed a huge 37.5% stake in OpGen according to a schedule 13D filing.
November 16, 2016: Rodman & Renshaw/H.C. Wainwright reiterates a Buy rating on OpGen but cuts their price target from $3.25 (Read More….)
December 19, 2016: Sell Applied Materials for a 3.8% win in 9 trading days. Congratulations if you were able to make money on the trade. The sell comes as Goldman Sachs cuts AMAT to a Neutral rating from Buy, and sets a price target of $35. Try not to let a winning trade turn into (Read More….)
December 16, 2016: Hearing takeover rumors circulating about Wayfair. The rumor is that Lowes is a possible buyer at a price of $55 per share.
November 30, 2016: Wayfair reports that direct retail sales rose 52% year over year during the Thanksgiving holiday weekend. Direct retail gross sales are defined as dollars of order intake. (Read More….)
December 14, 2016: Hearing rumors that First NBC Bank is in discussions with potential buyers but I can’t find the source of the rumor.
December 14, 2016: FBR Capital cuts First NBC Bank to Underperform from Market Perform, and sets a price target of $5.
November 29, 2016: The Clinton Group issues letter to the (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 features Trump’s comments about bringing down drug prices, the incredible trial results from Bellicum Pharmaceuticals that cured all 35 children in the trial, takeover rumors surrounding (Read More….)