Top News Stories November 16 2017

The day’s top news stories from stocks on the GuerillaStockTrading watch list.
Continue reading “Top News Stories November 16 2017”

Flexion Therapeutics Gets 80% Upside Price Target From Wells Fargo

Flexion Therapeutics received a $39 price target by analysts at Wells Fargo & Company which represents 80% upside from the current price. Wells Fargo has a Buy rating on the stock.

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IAC Stock Does Bullish Flag Breakout on Pocket Pivot Signal

IAC stock did a bullish flag breakout on October 27, 2017, with a bullish pocket pivot signal.

IAC stock is a strong seasonal play. Over the next 12 weeks, IAC/InterActive has on average historically risen by 9.6% based on the past 24 years of stock performance. IAC/InterActive has risen higher in 17 of those 24 years over the next 12 week period, corresponding to a historical probability of 70%.

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Tencent Holdings Stock Will Change How You Think About OTC Markets

Tencent Holdings stock, which lists on the OTC market in the U.S., is one of the largest companies in the world with a market cap of over $424 billion. Tencent Holdings is the world’s largest video-game publisher by revenue.

Tencent Holdings is an investment holding company principally involved in the provision of value-added services (VAS) and online advertising services. The Company operates through three main divisions: VAS, Online Advertising, and Online Payments and Cloud Services.

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MACOM Technology Solutions Momentum Squeeze On Institutional Buying

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Best Bank Stocks To Buy Now That Fed Has Given Green Light For Dividends

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US Banks To Be Decapitated If Brexit

If you are looking for a black swan event that could plunge the weak US economy into a full-blown recession, Brexit could be it.

Big US banks have already taken brutal losses over the last year.

Bank of America has more than $2.1 trillion in assets. Bank of Amerca’s stock has plunged -20% from a year ago.

bank-of-america-chart

Citigroup has more than $1.8 trillion in assets. Its stock is down a shocking -23% over the last year.

citigroup-chart

Wells Fargo’s has more than $1.8 trillion in assets. Its stock has crashed more than -15% over the last 12 months.

wells-fargo-chart

Major banks in the U.S. are in trouble as a result of years worth of low-interest rates. The Federal Reserve has been trying its best to raise rates to prop up falling bank profits.

With so many U.S. banks on the edge of the precipice, a Brexit could push them over the edge.

Daboo7 talks about how Deutsche Bank was caught illegally manipulating the price of gold.