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T | United Bankshares declares 0 34 dividend | United Bankshares NASDAQ UBSI declares 0 34 share quarterly dividend 3 increase from prior dividend of 0 33 Forward yield 3 97 Payable Jan 2 for shareholders of record Dec 8 ex div Dec 7 Now read |
T | Sessions declines to say if White House asked about AT T Time Warner merger | By David Shepardson WASHINGTON Reuters U S Attorney General Jeff Sessions would not say on Tuesday if White House officials contacted his department about its review of AT T Inc s N T proposed purchase of Time Warner N TWX which one analyst said the Justice Department may sue to block as soon as Wednesday I am not able to comment on conversations or communications the Department of Justice top people have with top people at the White House Sessions told a House of Representatives Judiciary Committee hearing President Donald Trump vowed to block the 85 4 billion merger during his presidential campaign and has repeatedly criticized Time Warner s CNN network which he has accused of reporting fake news Reuters reported that the Justice Department demanded last week that AT T divest DirecTV or Time Warner s Turner Broadcasting unit in order to win approval of the deal AT T Chief Executive Randall Stephenson denied last week that he had offered to sell CNN to win approval We re prepared to litigate now over the deal he said at a forum Richard Greenfield an analyst with brokerage BTIG said in a note to clients that his firm believed that AT T and Time Warner had been informed by the Justice Department that a lawsuit was imminent and that it could be filed as early as Wednesday Greenfield said multiple sources had told him there was a meeting on Tuesday between the Justice Department and AT T where the No 1 U S pay TV provider was told it would be sued to stop the deal A Justice Department spokesman declined comment on the timing of any possible action AT T and Time Warner declined to comment The Justice Department could file a lawsuit as early as this month to challenge the deal sources told Reuters last week AT T is preparing to fight any lawsuit aggressively and would use Trump s attacks on CNN as part of its legal case the sources said The White House said in a statement last week that Trump did not talk to Sessions about the merger and no White House official was authorized to speak with the Department of Justice on this matter Presidential adviser Kellyanne Conway told CNN last week that the White House would not interfere with the merger review The deal is opposed by an array of consumer groups and smaller television networks on grounds it would give AT T too much power over the content it would distribute to its wireless customers The DirectTV or Turner Broadcasting concessions demanded by the Justice Department s antitrust chief Makan Delrahim suggest he changed his view of the merger since saying in a 2016 interview the deal was not a major antitrust problem
Government officials have denied the divestiture requests were because of CNN saying they were based on concerns AT T could hike prices on rival content distributors and block innovations |
PFE | Buy 5 Attractive Biotechs At Bargain Prices | In retrospect we had a roller coaster ride in the first half of this year 2016 started off on a negative note for the U S markets The markets rallied back only to be thrown in the storm of uncertainty after a shock Brexit vote during late June The markets have recuperated the losses and have come back strongly afterward laying aside Brexit fears The healthcare sector was also turbulent right at the onset of 2016 while the ever volatile biotech sector continues to maintain its negative streak as we stand midway The NASDAQ Biotechnology Index has declined 19 8 year to date The biotech sector was hit hard in the second half of 2015 as well due to pricing issues It s anybody s guess how the second half will turn out to be Yet we believe it might be a good time for investors to put their bets on the dynamic biotech sector which of late has plunged into a series of mergers acquisitions Last month Shire acquired Baxalta to further strengthen its rare disease portfolio The company has an important event coming up with a Prescription Drug User Fee Act PDUFA date of Jul 22 2016 for ophthalmology lifitegrast A potential approval of lifitegrast will give a significant boost to Shire s efforts to build an ophthalmology unit Aegerion Pharmaceuticals and QLT Inc entered into a definitive merger agreement in Jun 2016 to form a new company Novelion Therapeutics Inc as both are looking to overcome their existing challenges Earlier pharma major Pfizer NYSE PFE Inc acquired Anacor Pharmaceuticals Meanwhile Sanofi PA SASY is looking to acquire Medivation Inc Alongside regular trial updates and approval of new drugs will continue to hold center stage Amid this recent wave of consolidations it makes sense to zero in on some low priced biotechs below 10 carrying a Zacks Rank 1 Strong Buy or Zacks Rank 2 Buy These stocks look poised to emerge as winners in the second half of 2016 with impressive portfolios healthy pipelines Attractive Biotechs at Bargain PricesCambridge MA based Merrimack Pharmaceuticals NASDAQ MACK primarily focuses on innovative therapies in combination with companion diagnostics for the treatment of cancer Merrimack gained FDA approval for its first product Onivyde in Oct 2015 in combination with fluorouracil and leucovorin for the treatment of patients with metastatic adenocarcinoma of the pancreas after disease progression following Gemzar based therapy The initial uptake of the drug has been encouraging while Merrimack works on expanding its label for other oncology indications The company also has four candidates in its pipeline The stock currently carries a Zacks Rank 1 MERRIMACK PHAR Price and Consensus New York based Anavex Life Sciences Corp NASDAQ AVXL is a clinical stage biopharmaceutical company which is focussing on the development of drugs therapies for the treatment of neurodegenerative and neurodevelopmental diseases The company s efforts to develop its lead candidate ANAVEX 2 73 for Alzheimer s disease phase II and Rett syndrome are encouraging In Jun 2016 the FDA s Office of Orphan Product Development granted Orphan Drug Designation to ANAVEX 2 73 for the treatment of infantile spasms The company also enjoys an orphan drug status for Rett syndrome in the U S The stock currently carries a Zacks Rank 2 Buy and the 2016 loss per share estimate has narrowed by 18 cents in the last 60 days ANAVEX LIFE SCI Price and Consensus Cambridge MA based AVEO Pharmaceuticals Inc NASDAQ AVEO also focuses on therapeutics for oncology and other areas of unmet medical need The company s lead candidate tivozanib is being developed for the treatment renal cell carcinoma RCC The company has collaborated with other companies to fund development programs for its other pipeline candidates including AV 380 ficlatuzumab AV 203 and tivozanib in non oncologic indications along with oncology indications outside North America The company continues to progress with its pipeline and recently dosed its first patient in a randomized controlled multi center open label study to compare tivozanib to Nexavar in subjects with refractory advanced RCC The stock currently carries a Zacks Rank 2 and the 2016 loss per share estimate has narrowed by 12 cents over the past 60 days AVEO PHARMACEUT Price and Consensus Next up on our list of buys is Durham NC based Argos Therapeutics Inc NASDAQ ARGS a clinical stage company focused on the development and commercialization of individualized immunotherapies for the treatment of cancer and infectious diseases which it is developing using its technology platform called Arcelis The company s lead candidate AGS 003 is currently being evaluated in phase III for the treatment of metastatic renal cell carcinoma mRCC The company is also developing AGS 004 currently in phase II for the treatment of HIV The 2016 loss per share estimate for this Zacks Rank 2 stock has narrowed by 48 cents in the last 60 days ARGOS THERAPEUT Price and Consensus Cambridge MA based Idera Pharmaceuticals Inc NASDAQ IDRA is a clinical stage company which also focuses on the development of drug candidates for oncology and rare diseases The company uses two distinct proprietary drug discovery technology platforms to develop drugs toll like receptor TLR targeting technology and third generation antisense 3GA technology The company s TLR antagonist candidates include IMO 8400 and IMO 9200 which are both antagonists of TLR7 TLR8 and TLR9 These antagonists can be potentially developed in the immune oncology space Meanwhile the 3GA technology has the potential to reduce the immunotoxicity and increase the potency of earlier generation antisense and RNA interference or RNAi technologies The stock currently carries a Zacks Rank 2 IDERA PHARMACT Price and Consensus |
PFE | Sanofi Starts Olipudase Alfa Study Praluent Ok d In Japan | Sanofi PA SASY s NYSE SNY specialty care global business unit Sanofi Genzyme announced the dosing of the first adult patient in a pivotal phase II III study ASCEND on its experimental enzyme replacement therapy olipudase alfa It is being evaluated for the treatment of non neurological manifestations of acid sphingomyelinase deficiency ASMD also known as Niemann Pick disease type B NPD B
The multi national multi center double blinded placebo controlled study will evaluate the efficacy safety pharmacodynamics and pharmacokinetics of olipudase alfa when given intravenously once every 2 weeks for 52 weeks in adults with ASMD specifically NPD B In the study 36 patients will be enrolled to assess the effect of the candidate on spleen size lung function and other important clinical parameters
Last June Sanofi Genzyme had announced the initiation of a phase I II study in pediatric patients with ASMD specifically NPD B
Sanofi Genzyme s progress with the candidate is encouraging Given the lack of approved treatments for ASMD there exists a significant unmet need for drugs addressing this rare and debilitating disease
We remind investors that olipudase alfa has been granted Breakthrough Therapy status by the FDA The regulatory agency usually grants Breakthrough Therapy status to expedite the development and review of a candidate that is believed to have the potential to treat serious or life threatening conditions
PCSK9 Inhibitor Praluent Gains Japanese Approval
Early this week Sanofi and partner Regeneron Pharmaceuticals Inc NASDAQ REGN announced that the Japanese Ministry of Health Labour and Welfare has approved Praluent for the treatment of patients with hypercholesterolemia and familial hypercholesterolemia who are at high cardiovascular risk and in whom treatment with statins HMG CoA reductase inhibitors is not sufficient
Per the companies press release Praluent 75 mg and 150 mg will be available in Japan as a single dose pre filled pen and syringe We note that Praluent is already approved both in the U S and EU Investor focus is expected to remain on the sales ramp up of Praluent given that the drug s sales are yet to pick up
Sanofi is a Zacks Rank 3 Hold stock A couple of better ranked stocks in the health care sector are Innoviva Inc NASDAQ INVA and Pfizer Inc NYSE PFE While Innoviva sports a Zacks Rank 1 Strong Buy Pfizer carries a Zacks Rank 2 Buy |
AMD | Will AMD Bounce Continue | The powerhouse chip stock Advanced Micro Devices Inc NASDAQ AMD hasn t gone anywhere the past six months AMD failed a triangle breakout a couple of months ago but two weeks ago it set down on double trend line support and it bounced a little
This level support should send it upward for a few weeks however this past week it gave back most of the week s gains so the jury is still out If AMD were to slip through both the lower red channel line and the upper line of the long term green channel shorting could come in from all directions |
T | Why Splunk Went On A Shopping Spree In The Last Year | The software company has made several important acquisitions to solidify its upward trajectory
Big data software provider Splunk Inc NASDAQ SPLK has made five acquisitions since the beginning of 2017 Mega mergers and acquisitions get a lot of attention these days but many of them are made by a struggling company trying to shore up its operations or buy its way to growth for example AT T NYSE T s pickup of Time Warner
Splunk s strategy is different It s all about acquiring other fast growing companies like itself that complement its strategy
New partners complementary markets
As the number of electronic devices continues to increase by the billions every year the amount of data floating around out there increases even more For many enterprises the data its machines systems and websites generate is unorganized and unusable Splunk s cloud based software changes that organizing it into a format that s usable and providing insight into what s happening That capability is a much needed one in the business world and it has helped Splunk double its sales many times over the last few years
Splunk isn t alone in its mission to help demystify big data other software companies offer a similar service The Splunk platform though is becoming a multi purpose one leveraging its capabilities to decipher mass quantities of information into specific functions One of the ways the company is trying to extend its reach is through strategic acquisitions It s been a busy year and a half stretch for the San Francisco based company as it has scooped up five of its smaller peers
What it all adds up to
The first three acquisitions were small and helped expand and improve on Splunk s existing big data analytics platform The last two purchases are more significant though as they both mark expansion into more specific aspects of big data cybersecurity and DevOps
With the digital world growing and becoming increasingly integrated with the real world the cybersecurity industry is also experiencing rapid growth It s also a complex and fast changing industry constantly needing to adapt to new and increasingly complex threats Many enterprises have found Splunk s data sifting and automation capabilities useful in detecting and responding to cyber attacks so the company s purchase of Phantom makes sense Splunk and Phantom want to be the heart of security team s operations helping them respond to threats faster and addressing the talent shortage in the industry by freeing up time
The purchase of VictorOps addresses problems software developers and operators are facing as they build and manage new systems The service uses artificial intelligence to detect and respond to problems helping DevOps teams resolve issues faster and to aid organizations in deploying new software faster
It s too early to tell how these bigger acquisitions will contribute to Splunk s overall growth The upcoming second quarter report will be the first with Phantom as part of the Splunk team and comments on the VictorOps integration will likely wait until the fall as the purchase wasn t made until June Both look like promising additions though as the technologies they utilize to get the job done are rooted in the same ones Splunk used to grow into a 15 billion company With all parties involved complementary and growing in their own rights Splunk s shopping spree has a good chance of helping sales momentum continue |
AMD | USITC opens probe of graphics components in TVs smartphones | WASHINGTON Reuters The U S International Trade Commission said on Friday it had voted to open an investigation of certain graphics systems and components used in televisions smartphones tablets and other consumer electronics The investigation based on a complaint by Advanced Micro Devices NASDAQ AMD Inc alleges that the sale of certain graphics systems imported into the United States infringes upon AMD patents The USITC identified LG Electronics Inc VIZIO Inc MediaTek Inc and Sigma Designs Inc as respondents in the investigation |
T | World stocks break 500 barrier oil camps at two and a half year high | By Marc Jones LONDON Reuters The global rally in stocks showed no sign of slowing on Tuesday as upbeat investors pushed the most widely tracked index of world stocks up for a ninth straight day and sailing past the 500 point barrier The latest leg of the run came as Japan s Nikkei hit its best level since 1992 T Germany s DAX scored a record high and the rest of Europe gained STOXX as a 2 1 2 year high in oil prices lifted resources stocks again SXPP All three of Wall Street s major indexes had closed at record peaks overnight too and the now 500 point MSCI 47 country All World index MIWD00000PUS was up 0 2 percent having soared almost 20 percent this year You ve had almost a perfect backdrop for equities said Pictet Asset Management s global strategist Luca Paolini You have acceleration in nominal growth earnings are between 10 15 globally and whatever you look at is pretty much in double digits The only outlier remained the Gulf as nervousness around the weekend purge of Royals and officials in Saudi Arabia TASI sent its stock market TASI down again and Kuwait s tumbling more than 4 percent Oil prices largely held on to their gains after posting the biggest rise in six weeks following the Saudi moves which had seen the crown prince tighten his grip on power and crank up tensions between the kingdom and Iran U S crude CLc1 steadied at 57 24 in Europe after going as high as 57 69 and Brent crude futures LCOc1 were at 64 04 after touching a peak of 64 65 a barrel The dollar was also back on the move in the currency markets It pushed the euro down to 1 1572 the single currency s lowest since mid July having also found some traction against the yen overnight The dollar index which tracks the greenback against a basket of six major currencies added 0 3 percent to top the 95 points mark DXY A modest rise in U S yields also helped the U S currency The benchmark 10 year yield US10YT RR was at 2 328 percent in compared to 2 320 percent its U S close on Monday when it plumbed its lowest levels in two weeks It was at a seven month high of 2 47 percent as recently as late October US Germany s 10 year bond yields also held near two month lows after the ECB had firmed up its plans to reinvestment the proceeds of its 2 4 trillion euro stimulus program The Federal Reserve confirmed on Monday that influential monetary policymaker William Dudley plans to retire by mid 2018 leaving the leadership of the U S central bank unusually open Negotiators in the U S House of Representatives will also seek to overcome their differences this week and work on a tax cut plan aiming for their self imposed deadline of passage this month |
T | U S tax cut worries dent hopes of longest winning run in 14 years | By David Randall NEW YORK Reuters Broad equity market declines in Asia and Europe on Thursday combined with growing concerns that the Republican led corporate U S tax cut may not pass this year threatened to spoil the longest winning streak for MSCI s global stock index since 2003 Wall Street stocks opened lower N and added to their losses after Republican Sen Bill Cassidy a member of the Senate Finance Committee said that the Senate tax proposal will delay a corporate tax cut by one year to 2019 The Dow Jones Industrial Average DJI fell 211 64 points or 0 9 percent to 23 351 72 the S P 500 SPX lost 23 38 points or 0 90 percent to 2 571 and the Nasdaq Composite IXIC dropped 87 43 points or 1 29 percent to 6 701 69 The stock market has run out of a little momentum said Societe Generale PA SOGN strategist Kit Juckes We are waiting for some news from the Republicans on the U S tax plans there is a bond market that has stalled and we ve got rather soggy looking emerging markets We probably need to get U S Treasury yields higher to get things going again Japan s Nikkei index swung by a wild 2 percent after hitting its highest since 1992 T and Europe s main indexes were firmly in the red as tech and commodity stocks tumbled while Brexit talks resumed amid low expectations in Brussels MSCI s all country equity index is clocking year to date gains of almost 19 percent But as a measure of relative calm amid the current bull market and a reflection of the low volatility environment that has dominated all year none of the most recent 10 daily gains has exceeded half a percent and more than half of them were less than 0 1 percent TAXING TIMES The dollar index DXY which tracks the greenback versus a basket of six key currencies fell 0 378 points or 0 4 percent to 94 488 There s very much a risk of disappointment The U S dollar could go through a weakening phase on the back of uncertainty around that tax reform said Steven Dooley currency strategist for Western Union Business Solutions in Melbourne Some also focused on fallout from Democrat wins in regional U S elections this week as a signal for next year s mid term congressional elections for President Donald Trump Trump was in China on Thursday pressing President Xi Jinping to do more to rein in North Korea and to open the Chinese economy the second biggest in the world after the United States to more foreign firms The euro was last up 0 46 percent at 1 1646 while Europe s broad FTSEurofirst 300 index FTEU3 dropped 1 09 percent at 1 534 88 The pan European FTSEurofirst 300 index FTEU3 lost 1 09 percent and MSCI s gauge of stocks across the globe MIWD00000PUS shed 0 60 percent Oil prices steadied just below two year highs supported by supply cuts by major exporters but analysts said the market could be vulnerable to a sell off after several months of gains U S crude rose 0 81 percent to 57 27 per barrel and Brent was last at 64 00 up 0 8 percent on the day Spot gold added 0 5 percent to 1 286 90 an ounce U S gold futures gained 0 30 percent to 1 287 50 an ounce Cryptocurrency bitcoin BTC BTSP skidded about 3 percent but not before dipping almost 5 percent
It had hit a record high just shy of 8 000 on Wednesday after a coalition of developers and investors suspended a software upgrade planned for next Thursday that could have split the digital currency in two |
AMD | Another 20 Drop Is Coming For AMD | Shares of Advanced Micro Devices Inc NASDAQ AMD have already broken major support trading near 10 from a 52 week high of over 15 00 The nasty fact is Advanced Micro Devices is going lower There is a bear flag forming on the daily chart that signals further downside There is no support until 8 00 That means another 20 drop Once at 8 00 I will start getting interested in going long |
T | Stock Market News 7 14 18 | Markets It was an up week for the market with investors shaking off trade war developments Oddly the Russell Small Caps fell lagging the Dow the S P 500 and the NASDAQ The megacap Dow led the way climbing above the 25 000 level for the 1st time in almost a month while technology stocks pushed the Nasdaq to a record high
A record 1 45 trillion of US syndicated lending to companies for acquisitions leveraged buyouts dividends and refinancing in the first half of the year has propelled bank fees from arranging the loans to all time highs The 8 1 billion earned in the first half of this year slightly topped the prior record 8 billion taken in during the second half of last year setting a new peak according to Freeman Consulting Services
The lending pace escalated in the second quarter and is seen staying heated through year end encouraged by lower US corporate tax rates and a federal judge s June endorsement of the long pursued mega merger between AT T NYSE T and Time Warner
Bankers eagerly awaited the outcome of the AT T Time Warner ruling long after the deal was first announced in October 2016 and now expect the decision to keep the chute wide open for similar mergers and acquisitions M A in coming months For lower rated borrowers there is less onerous enforcement under this administration of leveraged lending guidelines put in place five years ago to rein in high risk practices Bloomberg
Dividend Stocks Update These high dividend stocks go ex dividend this coming week CODI PFLT SUNS ACSF
Volatility The VIX fell 8 9 this week ending the week at 12 18
Currency The US dollar bounced back this week rising vs other major currencies
Market Breadth 26 of the Dow 30 stocks rose this week vs 21 last week 64 of the S P 500 rose this week vs 79 last week
Economic News US loan applications to refinance an existing home fell to their lowest level in over 17 1 2 years even as most 30 year home borrowing costs decreased last week data from the Mortgage Bankers Association released on Wednesday showed Reuters Consumer Sentiment fell to 97 1 below the forecast 98 9 figure The Producer Price Index and the Consumer Price Index both also fell but Core CPI was steady There wasn t much of a sign of inflation from these 2 reports
Week Ahead Highlights The market revs up the Q2 earnings season next week with 8 Dow stocks reporting including Microsoft Goldman Sachs and IBM There will be 13 of the S P 500 stocks reporting including Bank of America Netflix United Health and Johnson Johnson
Next Week s US Economic Reports
Sectors The industrial sector led this week for the 1st time in a while as investors shook off trade war jitters Utilities trailed
Futures
Global benchmark Brent crude oil plummeted on Wednesday dropping more than 5 percent a barrel as trade tensions escalated between the United States and China and expectations of growing supplies mounted on news that Libya would reopen ports Reuters
WTI Crude finished the week at 70 58 with Crude Oil WTI Futures Down 4 36 Natural Gas Futures fell 3 5 |
T | AT T Every Trader Should Know This Level | Everyone in the trading world is talking about AT T NYSE T these days As you know the communications giant recently won a case against the DOJ regarding a merger with Time Warner Since that court ruling the shares have continued to slump Last week the DOJ said it would appeal the court decision
Watch This Support
The truth of the matter is that AT T topped out in July 2016 at 43 89 a share Since that pivot top in the stock price it has dropped sharply and currently trades at 31 87 a share Traders and investors should now watch the 29 65 level for support This important support area is a major retrace level for the stock Often major retrace levels will serve as excellent support when retested |
AMD | Advanced Micro Devices 5 subsequent compelling Nvidia quarter | Wrapped up in an overall downward move in the technology sector and though still not enough to move into positive territory on the day term 9 29 at close Advanced Micro Devices is nevertheless active higher in extended trade following release of a robust Q3 report out of Nvidia Nvidia founder and CEO Jen Hsun Huang cites strong performance across the company s product lines encompassing gaming virtual reality self driving car and datacenter products The conference call on the quarter is ongoing right now AMD NYSE AMD shares to 6 60 after hours |
AMD | AMD posts narrower loss on demand for graphic chips | Reuters Chipmaker Advanced Micro Devices Inc O AMD reported a smaller loss for the fourth quarter as its revenue was boosted by strong demand for its graphic chips used in gaming consoles and a stabilizing PC market
AMD s net loss narrowed to 51 million or 6 cents per share in the quarter ended Dec 31 from 102 million or 13 cents per share a year earlier
Revenue rose 15 4 percent to 1 11 billion |
T | Mexico regulator says America Movil can charge competitors for calls | By Anthony Esposito and Julia Love MEXICO CITY Reuters Mexico s telecommunications regulator said on Thursday that billionaire Carlos Slim s America Movil MX AMXL could start charging local rivals for mobile calls to its network for the first time since a 2014 sector reform The move marked a victory for America Movil Mexico s dominant telecoms company which has seen its earnings held back by a zero charge rate Reuters first reported the IFT regulator planned to vote on reinstating the charges The IFT said America Movil Mexico s dominant telecoms provider would be able to charge rivals 0 028562 peso per minute for calls to its network as of Jan 1 Competitors can charge 0 112799 peso per minute for mobile calls to their networks it said The rates were below those of 0 03686 and 0 1176 pesos respectively proposed in a draft document by the IFT s regulatory policy seen by Reuters The regulator said Thursday s move represented a regulatory policy mechanism that aims to balance competition reduce the disadvantages derived from the size of the network and allow smaller companies to have rate plans that put them in a competitive position America Movil declined to comment Competitors had urged the regulator to keep the zero interconnection rate or something close to it Broadcaster Grupo Televisa for example recommended America Movil should be permitted to charge no more than 0 015 pesos per minute A spokesperson for rival AT T Inc N T said the IFT s decision helps the preponderant and harms consumers and competitors as the zero tariff policy brought more investment more and better wireless services and dramatically lower prices for millions of Mexican consumers We are disappointed because the new interconnection tariff is a step backwards on the path toward delivering on the objective of the reforms said the spokesperson AT T and Telefonica SA MC TEF have been awaiting new rates since the Supreme Court ruled in August that America Movil should not be barred by law from charging other carriers for calls to its customers The court found the market regulator the Federal Institute of Telecommunications IFT not legislators should set the so called interconnection rates That decision weakened a key pillar of a 2014 reform intended to loosen Slim s grip on a market he has dominated since taking control of former state phone monopoly Telmex in the 1990s
In line with the 2014 telecoms reform that was one of President Enrique Pena Nieto s signature accomplishments America Movil cannot charge other carriers for calls made to customers on its network even though those firms can bill Slim s firm for using theirs |
T | Highlights of Thursday s NBA games | The Sports Xchange Highlights from National Basketball Association games on Thursday Trail Blazers 113 Lakers 110 Damian Lillard s 3 point shot with 7 of a second left lifted the Portland Trail Blazers to a 113 110 win over the Los Angeles Lakers Thursday night at Moda Center Lillard scored 32 points and hit his game winner after Kentavious Caldwell Pope hit a game tying 3 pointer off an inbounds pass with 15 5 seconds remaining Jusuf Nurkic had a season high 28 and CJ McCollum added 22 for the Trail Blazers 5 4 Brook Lopez led the Lakers 3 5 with 27 points and rookie Kuzma came off the bench for 22 Los Angeles rallied from an 18 point deficit in the first half trailed by four at halftime took a six point lead in the third before Portland carried an 87 85 edge into the final period Warriors 112 Spurs 92 Klay Thompson had 27 points as the Golden State Warriors roared back from a 19 point deficit to beat the reeling San Antonio Spurs 112 92 on Thursday at the AT T NYSE T Center in San Antonio in the first matchup of the season between last year s Western Conference finalists Golden State outscored the Spurs 34 23 in the third quarter to erase a five point halftime deficit and take control of the game after a shaky beginning in both ends of the floor
Thompson scored seven of the Warriors first nine points of the fourth quarter as Golden State 6 3 forged a 12 4 run to assume a 96 82 lead with 6 41 to play and held on without much pressure from San Antonio to close out the game San Antonio coach Gregg Popovich wasn t around for the end of the game after being ejected with back to back technical fouls with 4 47 remaining Kevin Durant added 24 points Stephen Curry hit for 21 and Draymond Green poured in 16 on seven of eight shooting for the Warriors Both Durant and Curry pulled down a team leading eight rebounds for Golden State |
T | Failure of U S deal hits Deutsche Telekom shares growth prospects | By Douglas Busvine FRANKFURT Reuters Deutsche Telekom DE DTEGn shares dropped in early Monday trading after the collapse of the merger of its T Mobile US unit with Sprint Corp which would have created a strong No 3 player on the U S market The evaporation of synergies that analysts had estimated at more than Sprint s 27 billion market capitalization triggered several broker downgrades and sent Telekom s stock as much as 3 6 percent lower But some praised Telekom for exercising discipline in not agreeing to pay a significant premium for heavily indebted Sprint and insisting on control that would have allowed it to consolidate the merged entity into its results Deutsche Telekom CEO Tim Hoettges said T Mobile in which the German company owns a 64 percent stake would press ahead with a strategy that has added more than a million customers for 18 consecutive quarters Frankly T Mobile US is well enough positioned to succeed on its own without Sprint said Dhananjay Mirchandani a telecoms analyst at Bernstein Research in London As for Deutsche Telekom after the shares take a near term knock I don t see how this really alters strategy Mirchandani added So back to boring business as usual The slide in Telekom shares was similar to the Tokyo market falls for Sprint majority owner Softbank Group whose boss Masayoshi Son sources said had got cold feet over ceding control SoftBank said on Sunday it would raise its stake in Sprint to under 85 percent from 83 percent in a show of commitment to the No 4 U S wireless carrier which while managing to grow its customer base is weighed down with 38 billion of debt T Mobile s importance as a driver of growth which could have been enhanced by the Sprint deal is likely to be underscored when Deutsche Telekom reports results this week T Mobile has already reported third quarter revenues that topped 10 billion for the first time up 8 percent The picture for Deutsche Telekom group on Thursday is likely to be different with analysts on average forecasting group revenues of 18 4 billion euros 21 4 billion a year on year gain of just 1 6 percent That would reflect barely positive growth in Telekom s crowded and heavily regulated home market where sales rose just 0 4 percent in the first half and at its European holdings that were ahead by 1 5 percent Analysts at Berenberg bank said Deutsche Telekom management deserved some credit for not doing the deal for its own sake Still they lowered their share price target to 14 euros from 15 80 and restated their hold rating on the stock Some investors wonder whether the best years may now be behind T Mobile whose shares have risen nine fold from the low they hit after the global financial crisis to a peak of 68 in June I d just love them to sell it Ben Lofthouse a fund manager at the Henderson International Income Trust said last week as reports surfaced that the T Mobile Sprint talks were in trouble At T Mobile s latest share price Deutsche Telekom s 64 percent stake would be worth 31 billion There s a tendency to run things for ever sometimes and then you end up selling at the wrong times added Lofthouse whose fund holds Deutsche Telekom shares
Together T Mobile and Sprint would have had about 130 million customers putting a merged entity a close third in the United States behind market leaders AT T NYSE T and Verizon Alone T Mobile has 70 7 million customers |
PFE | Sanofi Inks Deal To Swap Business With Boehringer Ingelheim | Sanofi PA SASY NYSE SNY announced that it has signed contracts with Boehringer Ingelheim for the strategic transaction initiated in Dec 2015 regarding an exchange of their respective businesses The business swap comprises an exchange of Sanofi s animal health business Merial with an enterprise value of 11 4 billion for Boehringer Ingelheim s consumer healthcare CHC business worth 6 7 billion However the deal does not cover Boehringer Ingelheim s CHC business in China The transaction is expected to close by the year end Benefits for SanofiThe addition of Boehringer Ingelheim s CHC business is expected to strengthen Sanofi s position in several of its categories like Pain Care Allergy Solutions Cough Cold Care Feminine Care Digestive Health and Vitamins and Minerals and Supplements In addition Boehringer Ingelheim will make a cash payment of 4 7 billion to Sanofi which is the difference in value of the two businesses Sales from the CHC business excluding sales in Venezuela should amount to approximately 4 9 billion based on 2015 worldwide sales Considering projected CHC results share buybacks and potential synergies Sanofi expects the deal to be neutral to its earnings in 2017 and accretive in subsequent years Notably Germany will become a key center for Sanofi s CHC business particularly for the Gastro Intestinal and Cough Cold categories These categories are expected to benefit from the strong capabilities of Boehringer Ingelheim s teams Benefits for Boehringer IngelheimBoehringer Ingelheim s animal health business will see its sales more than double to approximately 3 8 billion based on 2015 worldwide sales The combined portfolios and technology platforms in anti parasitics vaccines and pharmaceutical specialties will enable the company to enter key growth markets thereby bringing more value and innovation to customers across the world While Lyon and Toulouse would be key operational centers for Boehringer Ingelheim s animal health business the company will maintain operations and R D and manufacturing facilities in Lyon and the production site in Toulouse Considering importance of the U S market for Merial s business Boehringer Ingelheim intends to focus on maintaining the momentum of its operations in the country Upon the necessary regulatory clearances both the companies will become global leaders in two different sectors of the pharmaceutical market Sanofi currently carries a Zacks Rank 3 Hold Some better ranked stocks in the health care sector are ANI Pharmaceuticals Inc NASDAQ ANIP Retrophin Inc NASDAQ RTRX and Pfizer Inc NYSE PFE each sporting a Zacks Rank 1 Strong Buy Want the latest recommendations from Zacks Investment Research Today you can download 7 Best Stocks for the Next 30 Days |
AMD | 3 Swing Trades To Watch ABBV DLPH AMD | Long AbbVie NYSE ABBV
Long Delphi Automotive NYSE DLPH
Short Advanced Micro Devices NASDAQ AMD |
AMD | 3 Tech Stocks That Crushed Earnings Estimates This Season | It s been a great Q3 earnings season throughout Wall Street and we ve seen tech stocks the market s chosen darlings of 2017 dominate the headlines as marquee company after marquee company has posted solid results
One thing investors are always looking for during reporting season is a plethora of earnings beats Strong growth and positive consumer trends are always great but investors want to see companies exceed expectations and post surprises
So far this earnings season about 73 of S P 500 companies have surpassed earnings estimates while 67 have beaten revenue estimates Not surprisingly the red hot tech sector has contributed several of these positive surprises and a few notable companies have emerged as significant over performers
Today we ve decided to highlight a few of these great tech earnings reports Check out these three tech stocks that recently crushed earnings estimates
1 Twitter Inc NYSE TWTR
After struggling to generate much positive momentum for years Twitter is finally starting to show signs of a full fledged turnaround The social media company recently reported earnings of 10 cents per share comfortably beating our consensus estimate of 6 cents Management noted that its investments in livestreaming and original content are starting to pay off and investors seem to be responding appropriately Twitter shares have gained more than 15 since its earnings announcement The stock is currently a Zacks Rank 2 Buy
2 Advanced Micro Devices NASDAQ AMD
2017 has been the year of the tech stock but more specifically it s been the year of the trendy chipmaker One of the most noteworthy of this bunch is of course AMD The oft unpredictable stock has gained just 3 this year but a strong earnings report coupled with an encouraging outlook has helped earn it a Zacks Rank 2 Buy In its latest quarter AMD reported earnings of 10 cents per share beating our consensus estimate of 8 cents and soaring more than 230 year over year
3 BlackBerry Limited NYSE BB
In a year that has seen the Backstreet Boys embark on a nationwide tour the once iconic mobile phone brand BlackBerry has also been declared back Brothers sisters everybody sing BlackBerry is relevant again The company has ditched its phone manufacturing business and shifted towards a software first focus and things are finally starting to pick back up again In its most recent quarter this Zacks Rank 2 Buy posted a surprise profit of 5 cents per share crushing our consensus estimate that called for a loss of a penny BlackBerry shares are now up over 55 year to date
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Today s Stocks from Zacks Hottest Strategies
It s hard to believe even for us at Zacks But while the market gained 18 8 from 2016 Q1 2017 our top stock picking screens have returned 157 0 128 0 97 8 94 7 and 90 2 respectively
And this outperformance has not just been a recent phenomenon Over the years it has been remarkably consistent From 2000 Q1 2017 the composite yearly average gain for these strategies has beaten the market more than 11X over Maybe even more remarkable is the fact that we re willing to share their latest stocks with you without cost or obligation |
PFE | Nymox NYMX Stock Up On Positive 7 Year Fexapotide Data | Nymox Pharmaceutical Corporation s NASDAQ NYMX shares were up 35 2 after the company announced positive results from the seven year prospective placebo controlled double blind study on its lead candidate fexapotide NX 1207 The study evaluated fexapotide in comparison to placebo in men n 995 with prostate enlargement benign prostate hyperplasia BPH symptoms Subjects were evaluated thoroughly to exclude any prostate cancer prior to treatment with fexapotide They were followed for up to seven years median of five years after treatment Data from the study demonstrated that men receiving fexapotide revealed a major reduction in the incidence of prostate cancer compared to placebo as well as to the known and expected normal incidence of the disease Data also revealed a statistically significant and very low incidence of 1 3 for prostate cancer We note that Nymox is developing fexapotide in a phase III study for the treatment of BPH and in a phase II study for the treatment of low grade localized prostate cancer We remind investors that earlier this year the company has announced results from a phase II study NX03 0040 on fexapotide for the treatment of localized prostate cancer The study met its pre determined endpoints There was a significant improvement in cancer progression outcomes in the fexapotide treated patient groups Stocks to Consider Investors interested in the health care sector may consider stocks such as Pfizer Inc NYSE PFE ANI Pharmaceuticals Inc NASDAQ ANIP and Retrophin Inc NASDAQ RTRX All these stocks sport a Zacks Rank 1 Strong Buy Want the latest recommendations from Zacks Investment Research Today you can download 7 Best Stocks for the Next 30 Days |
PFE | Retrophin RTRX RE 024 Positive In Physician Initiated Study | Retrophin Inc NASDAQ RTRX announced new data from a physician initiated study on RE 024 for the treatment of pantothenate kinase associated neurodegeneration PKAN Data revealed that patients n 2 treated with RE 024 demonstrated clinically meaningful improvements followed by stabilization of disease progression over 47 weeks of treatment The study also showed that patients experienced a gradual improvement in gait and could walk unassisted for short distances within eight weeks of treatment initiation In addition RE 024 was found to be safe and well tolerated Results were presented at the Congress of Parkinson s Disease and Movement Disorders Retrophin is planning to initiate an efficacy study on RE 024 in the second half of 2016 We note that RE 024 enjoys Orphan Drug status in both the U S and the EU for the treatment of PKAN The candidate also has Fast Track status for PKAN in the U S PKAN a rare and life threatening genetic condition is estimated to affect up to 5 000 individuals around the world With no treatments approved currently for the disease the company has significant potential in this area Meanwhile Retrophin is progressing with other candidates in its pipeline Currently the company is conducting a phase II study DUET on sparsentan for the treatment of patients with focal segmental glomerulosclerosis FSGS Top line data from the DUET study are expected in the third quarter of 2016 Retrophin currently sports a Zacks Rank 1 Strong Buy Other favorably placed stocks in the health care sector sharing an equal rank with Retrophin include Pfizer Inc NYSE PFE ANI Pharmaceuticals Inc NASDAQ ANIP and Bio Blast Pharma Ltd NASDAQ ORPN Want the latest recommendations from Zacks Investment Research Today you can download 7 Best Stocks for the Next 30 Days |
AMD | The Zacks Analyst Blog Highlights Twitter Advanced Micro Devices And BlackBerry | For Immediate ReleaseChicago IL November 10 2017 Zacks com announces the list of stocks featured in the Analyst Blog Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets Stocks recently featured in the blog include Twitter Inc NYSE TWTR Advanced Micro Devices NASDAQ AMD and BlackBerry Limited NYSE BB Here are highlights from Thursday s Analyst Blog 3 Tech Stocks that Crushed Earnings This SeasonIt s been a great Q3 earnings season throughout Wall Street and we ve seen tech stocks the market s chosen darlings of 2017 dominate the headlines as marquee company after marquee company has posted solid results One thing investors are always looking for during reporting season is a plethora of earnings beats Strong growth and positive consumer trends are always great but investors want to see companies exceed expectations and post surprises So far this earnings season about 73 of S P 500 companies have surpassed earnings estimates while 67 have beaten revenue estimates Not surprisingly the red hot tech sector has contributed several of these positive surprises and a few notable companies have emerged as significant over performers Today we ve decided to highlight a few of these great tech earnings reports Check out these three tech stocks that recently crushed earnings estimates 1 Twitter Inc After struggling to generate much positive momentum for years Twitter is finally starting to show signs of a full fledged turnaround The social media company recently reported earnings of 10 cents per share comfortably beating our consensus estimate of 6 cents Management noted that its investments in livestreaming and original content are starting to pay off and investors seem to be responding appropriately Twitter shares have gained more than 15 since its earnings announcement The stock is currently a Zacks Rank 2 Buy 2 Advanced Micro Devices 2017 has been the year of the tech stock but more specifically it s been the year of the trendy chipmaker One of the most noteworthy of this bunch is of course AMD The oft unpredictable stock has gained just 3 this year but a strong earnings report coupled with an encouraging outlook has helped earn it a Zacks Rank 2 Buy In its latest quarter AMD reported earnings of 10 cents per share beating our consensus estimate of 8 cents and soaring more than 230 year over year 3 BlackBerry Limited In a year that has seen the Backstreet Boys embark on a nationwide tour the once iconic mobile phone brand BlackBerry has also been declared back Brothers sisters everybody sing BlackBerry is relevant again The company has ditched its phone manufacturing business and shifted towards a software first focus and things are finally starting to pick back up again In its most recent quarter this Zacks Rank 2 Buy posted a surprise profit of 5 cents per share crushing our consensus estimate that called for a loss of a penny BlackBerry shares are now up over 55 year to date Want more stock market analysis from this author Make sure to follow on Twitter Today s Stocks from Zacks Hottest StrategiesIt s hard to believe even for us at Zacks But while the market gained 18 8 from 2016 Q1 2017 our top stock picking screens have returned 157 0 128 0 97 8 94 7 and 90 2 respectively And this outperformance has not just been a recent phenomenon Over the years it has been remarkably consistent From 2000 Q1 2017 the composite yearly average gain for these strategies has beaten the market more than 11X over Maybe even more remarkable is the fact that we re willing to share their latest stocks with you without cost or obligation Follow us on Twitter Join us on Facebook NASDAQ FB Zacks Investment Research is under common control with affiliated entities including a broker dealer and an investment adviser which may engage in transactions involving the foregoing securities for the clients of such affiliates Media ContactZacks Investment Research800 767 3771 ext 9339Past performance is no guarantee of future results Inherent in any investment is the potential for loss This material is being provided for informational purposes only and nothing herein constitutes investment legal accounting or tax advice or a recommendation to buy sell or hold a security No recommendation or advice is being given as to whether any investment is suitable for a particular investor It should not be assumed that any investments in securities companies sectors or markets identified and described were or will be profitable All information is current as of the date of herein and is subject to change without notice Any views or opinions expressed may not reflect those of the firm as a whole Zacks Investment Research does not engage in investment banking market making or asset management activities of any securities These returns are from hypothetical portfolios consisting of stocks with Zacks Rank 1 that were rebalanced monthly with zero transaction costs These are not the returns of actual portfolios of stocks The S P 500 is an unmanaged index Visit for information about the performance numbers displayed in this press release |
AMD | Advanced Micro Devices Top Is In | Semiconductors have been on a tear for years particularly with cryptocurrency fever bleeding into the sector One firm has absolutely exploded higher the past couple of years Advanced Micro Devices NASDAQ AMD but looking at the long term picture you can see a more troubling trend if you re a bull
I shorted a couple of days ago and I think an important top is in Looking closer you can see where I ve drawn my stop loss level |
T | Company News For Jun 20 2018 | AT T Inc s NYSE T shares increased 0 6 after the company announced that there will be fewer commercials personalized programming and smaller channel bundles following its acquisition of Time WarnerShares of Foundation Medicine Inc NASDAQ FMI surged 28 5 on news that Swiss drug behemoth Roche was buying out the company for 2 4 billionCotiviti Holdings Inc s NYSE T shares increased 10 3 after Verscend Technologies Inc agreed to buy the company for 4 9 billionShares of Sarepta Therapeutics Inc NYSE T rose 36 8 after the company announced positive results from Phase 1 2 test on its microdystrophin gene therapy for Duchenne muscular dystrophy or DMD |
AMD | AMD to sell some testing operations gives weak revenue forecast | By Sai Sachin R Reuters Advanced Micro Devices O AMD Inc said on Thursday it would sell most of its assembly and testing operations in two Asian cities as the struggling chipmaker looks to cut spending amid weak demand for its processors for personal computer AMD said it will sell 85 percent of its ATMP assembly test mark and pack operations in Suzhou China and Penang Malaysia to China s Nantong Fujitsu Microelectronics Co Ltd NFME for a net proceeds of 320 million The company also said it would create a joint venture with NFME as part of the deal to which it will contribute 1 700 employees It said it did not plan to cut any jobs AMD earlier this month said it would cut 5 percent of its global workforce It had 9 700 employees globally according to its annual report in February AMD which makes central processing units and graphics chips said it expects the transaction to be cost neutral and significantly reduce its capital expenditures The company also reported its fifth straight fall in quarterly revenue and forecast current quarter revenue that fell short of analysts average expectations Overall PC demand particularly in the consumer market continues to be somewhat muted Chief Executive Lisa Su said on a call with analysts PC shipments fell 7 7 percent worldwide in the third quarter as the rising dollar made them costlier research firm Gartner said last week AMD posted a net loss of 197 million in the third quarter ended Sept 26 compared with net income of 17 million a year earlier It lost 17 cents per share on an adjusted basis Sunnyvale California based AMD s revenue fell 25 8 percent to 1 06 billion Analysts on average had expected a loss of 12 cents per share and revenue of 995 9 million according to Thomson Reuters I B E S AMD forecast current quarter revenue to fall 10 percent give or take 3 percent sequentially The midpoint of the range translates to about 955 million well short of analysts estimate of 996 3 million The company s shares were volatile in trading after market and were last down 0 5 percent at 1 96
The stock had fallen about 26 percent this year through Thursday steeper than the 5 percent fall in the broader Philadelphia SE Semiconductor index |
T | Slim s America Movil posts third quarter loss hurt by Colombia payment | By Julia Love and Noe Torres MEXICO CITY Reuters Mexican billionaire Carlos Slim s America Movil MX AMXL on Tuesday reported a net loss of 9 55 billion pesos 525 million for the third quarter with its results dragged down by a costly Colombian arbitration panel ruling The flagship company of Slim s business empire registered a profit of 2 12 billion pesos in the same quarter a year earlier Revenues of 244 2 billion pesos for the quarter were down from 249 7 billion pesos during the same period last year While the peso s depreciation took a toll the company said the biggest factor in its loss was an 18 5 billion peso payment made as a result of the July ruling by the arbitration panel The Colombian panel said America Movil and Spain s Telefonica MC TEF failed to return installed telecommunication networks and infrastructure as part of agreements to provide cellular phone service in Colombia more than a decade ago America Movil is challenging the ruling Were it not for the payment the company said it would have registered a net profit of 2 5 billion pesos Natural disasters in Mexico and Puerto Rico hurt revenues America Movil said Services revenues plunged 17 4 percent in the quarter in Puerto Rico which was battered by Hurricane Maria in September knocking out power and phone lines Analysts said the performance reflected America Movil s tough circumstances during the quarter rather than underlying weakness in the business The quarter was charged with non recurring effects namely the payment in Colombia foreign exchange losses a harder comparison base and the natural disasters in Mexico and Puerto Rico said Gerardo Cevallos an analyst with brokerage Vector America Movil touted progress in nudging its business toward mobile data widely viewed as a key engine of growth Revenue from mobile data climbed 24 3 percent from the previous year in Latin America with an 8 5 percent increase in Mexico In Latin America mobile data revenues led the way the company said in a statement accompanying its results Shares in America Movil have been on the rise since the Mexico Supreme Court ruled in August that the company should not be barred by law from charging its competitors certain fees Stemming from the 2014 telecommunications reform the ban on charging rivals for network usage has been a significant drag on America Movil s profits Mexico s telecommunications regulator is discussing a proposal that would allow Slim to charge 0 03686 pesos for calls on its network almost a third of what competitors can charge Reuters reported on Tuesday One of America Movil s chief rivals in Mexico AT T N T detailed its progress in the market on Tuesday The company said it closed the quarter with 13 8 million subscribers in Mexico up 29 percent from the previous year as revenue climbed 20 percent in local currency 1 18 1785 pesos as of Sept 30 America Movil closed at 18 19 pesos a share on Tuesday The company released results after the market closed |
T | Consumer groups join conservatives against AT T deal for Time Warner | WASHINGTON Reuters Seven groups ranging from the Tea Party Patriots to liberal consumer groups warned against AT T s N T plan to buy Time Warner N TWX in a letter to Attorney General Jeff Sessions saying the deal could give one company too much power over what Americans see on television The letter is signed by officials from the more liberal Public Knowledge and Consumer Federation of America as well as Tea Party Patriots and American Family Association which opposes homosexuality While the undersigned groups opinions diverge significantly on many policy issues we are united in our desire to ensure that free expression is not threatened by an increasingly limited number of companies that dominate U S media the groups said in the letter AT T the No 2 wireless carrier which already owns satellite television service DirecTV is in the process of buying Time Warner Inc for 85 4 billion in an effort to turn itself into a media powerhouse that can bundle mobile service with video It has said it expects the deal to close by the end of the year Owning DirecTV makes AT T the top pay TV firm Combining that clout with Time Warner which owns HBO CNN and the movie studio Warner Brothers would make AT T even more powerful the seven groups warned The groups expressed concern in particular that AT T could create incentives for its customers to only watch its shows by not counting AT T content against data caps Or the groups said AT T could relegate channels it does not own to undesirable channel locations
Signatories also include officials from Americans for Limited Government Frontiers of Freedom and Writers Guild of America West |
T | Advocacy groups banding together against AT T Time Warner deal | Seven groups from across the political spectrum have joined together to urge the Justice Dept to reject AT T s T 1 85B bid for Time Warner TWX 0 5 objecting to the power over television that the combined company would have More liberal consumer groups including Public Knowledge and Consumer Federation of America joined conservative Tea Party Patriots and the American Family Association in a letter to Attorney General Jeff Sessions saying that AT T s already the top pay TV company and adding the Time Warner content powerhouse consolidates too much influence In particular the groups warned that possible zero rating exempting AT T content from data caps would lead to favoring Time Warner programming over competitors While the undersigned groups opinions diverge significantly on many policy issues we are united in our desire to ensure that free expression is not threatened by an increasingly limited number of companies that dominate U S media the seven groups write Now read |
T | America Movil s network fees may cost rivals millions ATT | By Julia Love MEXICO CITY Reuters For every peso cent Mexican mogul Carlos Slim s America Movil can charge for interconnection fees the company s competitors in Mexico would collectively pay about 20 million per year according to estimates from rival AT T Inc NYSE T provided to Reuters The Federal Institute of Telecommunications IFT Mexico s industry regulator is discussing a proposal to allow America Movil to resume charging competitors for calls to its network Reuters reported this week The decision would weaken a central pillar of a 2014 telecoms reform which sought to bolster competition by giving other companies free use of Slim s network which grew from the former state monopoly he acquired in the 1990s Other companies can still charge competitors to use their networks AT T s calculation of 20 million per peso cent was compiled from IFT statistics and the company s own data The estimate does not include any potential reduction in the fees that non dominant companies can charge AT T did not provide any documents detailing its calculations As the fees ultimately go to America Movil s coffers the impact in the marketplace would be even greater said Cristina Ruiz de Velasco assistant vice president of external affairs for AT T in Mexico Keep in mind the overall competitive effect in the industry could be of up to 40 million per peso cent taking into account what the preponderant America Movil will gain coupled with the transfer of competitive resources from the non preponderants she said The IFT and America Movil declined to comment In August the Supreme Court ruled that the IFT rather than legislators should determine interconnection fees touching off a fierce debate within the sector about the proper rate The IFT is considering a proposal that would allow America Movil to charge competitors 0 03686 pesos per minute for mobile calls to customers on its network Other companies could charge America Movil and other competitors 0 1176 pesos per minute for calls according to the Reuters report Currently the gap between America Movil and its competitors is much wider minority players such as AT T and Telefonica MC TEF SA can charge 0 19 pesos and Slim s firm bills nothing Within the reform the so called zero rate has been particularly effective at lessening America Movil s grip on the market experts say Cellphone service prices have dropped more than 40 percent according to IFT statistics Yet with America Movil still holding about two thirds of mobile subscriptions it is too soon to ease restrictions said analyst Ernesto Piedras of research firm CIU We have a market which is supposed to get rebalanced in terms of competition and that is something we still have not witnessed he said Yet the IFT must balance promoting competition with encouraging investment in Mexico Slim has criticized rivals for not investing enough in infrastructure
Foreign firms such as Telefonica and AT T said that ending the zero rate could have grave consequences In an open letter to the IFT on Tuesday the companies argued that the policy had enabled them to increase investment and offer better plans |
AMD | GoPro GPRO Q3 Earnings Revenues Beat Estimates Up Y Y | GoPro Inc s NASDAQ GPRO reported third quarter fiscal 2017 adjusted earnings of 15 cents per share comfortably beating the Zacks Consensus Estimate which was at breakeven level Before first quarter 2017 the company lost money in six of the last seven quarters Notably the company s substantial cost cutting initiatives have proved conducive tobottom line performance On a GAAP basis the company reported earnings of 10 cents for the quarter compared witha loss of 74 cents in the prior year period The company posted better than expected revenue numbers for the quarter and also reduced operating expenses significantly Inside the HeadlinesGoPro surprised investors with its sales figures as its quarterly revenues grew 37 1 from the prior year quarter s tally to 329 8 million This marked the company s second consecutive quarter of revenue growth The top line also beat the Zacks Consensus Estimate of 314 3 million Revenue growth was driven by robust sales of the latest Hero5 cameras and launch of its premium priced HERO6 Black with global on shelf availability GoPro Inc Price Consensus and EPS Surprise HERO5 Black was the best selling digital imaging device in units and dollars in the United States for four consecutive quarters More than half of GoPro s revenuescame from outside the United States GoPro also had a strong start for its Karma drone For the quarter R D expenses were down 42 7 year over year Additionally sales and marketing expenses plunged 49 1 year over year Third quarter operating expenses came in at 122 5 million down 42 4 year over year Non GAAP gross margins contracted 50 basis pointsyear over year to 40 1 Non GAAP operating income came in at 24 million down 127 2 from 88 6 million generated last year RestructuringGoPro has been aggressively cutting costs in recent times through a series of layoffs Last year the company conducted two rounds of layoffs cutting 7 and 15 of its workforce in January and November respectively GoPro also shuttered its entertainment and media business as part of restructuring The companyalso shifted most of software development to a more economical location like Romania while customer support and administrative services have been moved to the Philippines The company has streamlined supply chain and also made changes to its product packaging and shipping GoPro believes that restructuring efforts will help it bring down full year GAAP operating expenses below 585 million and non GAAP operating expenses below 495 million The company also assured that it would bring down operating expenses by over 200 million and return to EBITDA profitability in 2017 Moreover the companyaffirmed that these cost cutting efforts will not interfere with its pipeline of hardware and software product launches Notable DevelopmentsIn October GoPro announced its intention to increasepresence in Bucharest Romania Since expanding presence of engineering team to Bucharest the company has witnessedimmense contribution fromits Bucharest team in release of HERO6 Black Fusion and QuikStories Going forward the company will continue to focus on development of GoPro s web and e commerce platforms LiquidityExiting the quarter the company had cash and cash equivalents of 164 6 million down significantly from 192 1 million as on Dec 31 2016 Guidance In light of a comparatively strong quarter the company gave a decent guidance for fourth quarter 2017 It projects revenues of about 470 million 10 million for the quarter For full year 2017 GoPro plans to limit operating expenses in 2017 to 490 million in an attempt to try to return to full year profitability next year GoPro should be able to attain these massive cost reductions in light of its recent job cuts and business restructuring which did away with many high cost operations including its entertainment division Our TakeGoPro has been aiming towards transforming itself from the camera maker to content maker and has taken significant steps to diversify into higher margin businesses including video editing and virtual reality The company is developing various types of software solutions and hardware to curtail the complexity of managing editing and sharing contents on different media platforms The company has made significant improvements to its editing software on the back of its recent acquisition of two of the most popular mobile editing apps Replay which has been rebranded as Quik and Splice which are experiencing robust adoption We believe that these efforts will pay off in the long term and go a long way toward opening GoPro to a wider audience and expanding the user base GoPro currently sports a Zacks Rank 1 Strong Buy Other Stocks to Consider Some other top ranked stocks worth considering in the same space include Imax Corporation NYSE IMAX Gildan Activewear Inc TO GIL and Advanced Micro Devices Inc NASDAQ AMD While Imax sports a Zacks Rank 1 Strong Buy Gildan Activewear and Advanced Micro Devices carryZacks Rank 2 Buy You can see Imax has a decent earnings surprise history surpassing estimates twice in the trailing four quarters with an average beat of 41 3 Gildan Activewear has an impressive earnings surprise history exceeding estimates thrice in the trailing four quarters with an average beat of 5 5 Advanced Micro Devices has an impressive earnings surprise history exceeding estimates in the trailing four quarters with an average beat of 31 7 Zacks Best Private Investment IdeasWhile we are happy to share many articles like this on the website our best recommendations and most in depth research are not available to the public Starting today for the next month you can follow all Zacks private buys and sells in real time Our experts cover all kinds of trades from value to momentum from stocks under 10 to ETF and option moves from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises You can even look inside exclusive portfolios that are normally closed to new investors |
T | Stock Market News 17 06 18 | Markets It was a mixed week for the market with the Dow losing ground the S P 500 flat and the NASDAQ and Russell 2000 both gaining Investors were battling falling oil prices and renewed trade war tensions in addition to the Fed rate hike
The White House unveiled an initial list of strategically important goods that would be subject to a 25 percent tariff effective July 6 and China s Commerce Ministry responded with its own list of U S imports targeting soybeans aircraft autos and chemicals Reuters
We will immediately introduce taxation measures of the same scale and the same strength the ministry said in an English language statement All the economic and trade achievements previously reached by the two parties will no longer be valid at the same time the ministry said calling the U S behavior short sighted
In May Beijing and the U S agreed to meaningful increases in U S agriculture and energy exports to China However the White House subsequently said it would still pursue tariffs on Chinese goods that were proposed in April causing trade relations to deteriorate Source CNBC
A federal judge on Tuesday approved the blockbuster merger between AT T and Time Warner rebuffing the government s effort to stop the 85 4 billion deal in a decision that is expected to unleash a wave of corporate takeovers The judge Richard J Leon of United States District Court in Washington said the Justice Department had not proved that the telecom company s acquisition of Time Warner would lead to fewer choices for consumers and higher prices for television and internet services
The merger creates a media and telecommunications powerhouse reshaping the landscape of those industries The combined company would have a library that includes HBO s hit Game of Thrones and channels like CNN along with vast distribution reach through wireless and satellite television services across the country Source NY Times
Dividend Stocks Update These high dividend stocks go ex dividend this coming week VGR CPTA FSIC GLAD GOOD GAIN TUP RPT SUNS OFS
Volatility The VIX fell 1 6 this week ending the week at 11 98
Currency The dollar rose vs most major currencies this week as the Fed raised its rate
Market Breadth 9 of the DOW 30 stocks rose this week vs 27 last week 50 of the S P 500 rose this week vs 81 last week
Economic News
Policy makers at the US Federal Reserve raised the target for the Federal Reserve s benchmark rate by 0 25 taking it to the highest since 2008 at 1 75 to 2 This is the Fed s seventh rate increase since 2015 They are also shrinking the Fed s massive holdings of government debt and mortgage backed securities which were purchased to lift the economy out of the recession that ran from late 2007 to 2009
As higher rates start to take hold the repercussions are being felt in the US and overseas The retreat from emerging markets remains relatively modest with weekly flows to bond and equity funds down less than 10 from their peaks according to EPFR Global
But it has coincided with and partially fueled a stronger dollar contributing to currency crises in countries such as Argentina Turkey and Brazil It has also prompted central banks elsewhere including in Indonesia Malaysia and Hong Kong to raise their own interest rates in defense Source BBC
The European Central Bank signaled that any interest rate hike was still far away even as it moved to end its 2 55 trillion euro stimulus program by the end of the year The ECB s statement came as a relief especially after the Federal Reserve raised rates for the second time this year on Wednesday and hinted at two more hikes by the end of 2018 Reuters
Retail sales rose 0 8 in May the government reported Thursday much better than expected Spending was up 5 9 from a year ago And the gains were broad Spending surged at clothing stores at restaurants and at home improvement stores SOURCE CNN
U S inflation accelerated in May to the fastest pace in more than six years reinforcing the Federal Reserve s outlook for gradual interest rate hikes while eroding wage gains that remain relatively tepid despite an 18 year low in unemployment
The consumer price index rose 0 2 from the previous month and 2 8 percent from a year earlier matching estimates a Labor Department report showed Tuesday The annual gain was the biggest since February 2012 and follows a 2 5 percent increase in April Excluding food and energy the core gauge was up 0 2 percent from the prior month and 2 2 percent from May 2017 also matching the median estimates of economists The pickup in headline inflation partly reflects gains in fuel prices though the annual gain in the core measure seen by officials as a better gauge of underlying inflation trends was the most since February 2017
Week Ahead Highlights It ll be a slow data week mainly featuring Housing reports The focus will be on the OPEC meeting in which OPEC Russia and other producers are widely expected to begin easing their deal to limit output The gathering is shaping up to be a contentious event with lines drawn between countries that can benefit from an output boost and those with little to gain Despite the discord analysts think OPEC will reach a deal to moderately raise output over several months with an option to hike further
Sectors The Consumer Discretionary and Utilities sectors led this week while Energy trailed
Futures WTI Crude finished the week down 1 96 at 64 38 barrel its lowest price in 5 weeks while Natural Gas rose 4 84 |
AMD | Last count survives in Rajaratnam brother s insider trading trial | By Nate Raymond NEW YORK Reuters Prosecutors avoided the dismissal of the last remaining count against Rengan Rajaratnam on Wednesday a day after a federal judge tossed the primary fraud charges against Galleon Group founder Raj Rajaratnam s younger brother
Following arguments at a hearing in New York U S District Judge Naomi Reice Buchwald declined to dismiss a count of conspiracy against Rengan Rajaratnam allowing the case to proceed to the jury
I very much enjoyed hearing a preview of your summations but I think I am going to have to hear them again Buchwald said
The ruling came after she dismissed two securities fraud counts against Rajaratnam 43 related to the government s claims he engaged in insider trading in technology company Clearwire Corp in 2008
The non appealable decision meant Rajaratnam a former Galleon portfolio manager would avoid the most serious charges he faced each of which carried a maximum term of 20 years in prison The remaining conspiracy count carries up to five years in prison
The ruling was a serious blow to prosecutors under Manhattan U S Attorney Preet Bharara whose office has won 81 insider trading convictions of individuals through pleas or jury verdicts since October 2009 never losing at trial
The ruling s impact could be seen throughout Wednesday s arguments which drew the attendance of Bharara s top deputy Richard Zabel
A comment by assistant U S attorney Randall Jackson that the prosecution might still focus on how a tip about Clearwire to Raj Rajaratnam went to Rengan drew criticism from Buchwald
I made a ruling on that yesterday she said What you re saying is inconsistent with that
Rajaratnam s lawyer Daniel Gitner had sought to bar the government from arguing anything about Clearwire going forward
Buchwald declined his request saying it was not in his interest given how she found no jury could reasonably find Rajaratnam engaged in insider trading in Clearwire
Many of the arguments over the remaining count turned on whether prosecutors could establish Rajaratnam engaged in a conspiracy regarding the stock of another company Advanced Micro Devices Inc
Prosecutors contend that in August 2008 Raj Rajaratnam told his brother of a handshake deal between AMD and an Abu Dhabi state owned company he learned about from Anil Kumar a McKinsey Company partner
In a wiretapped recording of a call that same day Rengan Rajaratnam told his brother he had talked with another McKinsey partner David Palecek who spilled his beans encouraged him to buy AMD and was a little dirty
Gitner said his client was simply seeking investment advice from Palecek and discussed other stocks despite prohibitions imposed on McKinsey partners
But Christopher Frey another prosecutor said Rajaratnam s own words belie the notion that he was not seeking inside information pointing to part of the call when Rajaratnam said Palecek kind of volunteered the information on the investments
Raj Rajaratnam is serving an 11 year prison term following his 2011 conviction Kumar pleaded guilty and was sentenced to two years probation in 2012 Palecek died in 2010
The case is U S v Rajaratnam U S District Court Southern District of New York No 13 00211
Reporting by Nate Raymond in New York Editing by Ted Botha and Leslie Adler |
AMD | Trial of Rajaratnam s brother ends as defense says U S case flawed | By Nate Raymond NEW YORK Reuters A lawyer for Rengan Rajaratnam on Monday compared the government s insider trading case against the younger brother of Galleon Group founder Raj Rajaratnam to a jigsaw puzzle where the pieces had been wrongly jammed together
In closing arguments in New York federal court Daniel Gitner Rengan Rajaratnam s lawyer told jurors what remained of the case against his client a former Galleon fund manager doesn t fit together
In no wiretapped phone call did Raj Rajaratnam tell his brother he was trading on inside information Gitner said Nor was there proof Rengan Rajaratnam entered into a conspiracy to engage in insider trading he said
They can t finish the puzzle they are so desperate to finish Gitner said
But Randall Jackson the prosecutor who made the government s closing argument said the brothers engaged in obvious criminal activity that allowed Rengan Rajaratnam to personally earn 40 000 trading on inside information about technology company Advanced Micro Devices Inc N AMD in 2008
He is a coconspirator Jackson said His brother embraced him
The case is part of a broad crackdown on insider trading by Manhattan U S Attorney Preet Bharara s office that has resulted in 81 convictions since October 2009 Bharara and some top officials from the office were in the courtroom on Monday
Jury deliberations are expected to begin on Tuesday
Last week the prosecution suffered a big setback when U S District Judge Naomi Reice Buchwald dismissed two securities fraud counts against Rengan Rajaratnam related to improper trading in Clearwire Corp
He now faces a single conspiracy account which carries a maximum term of five years in prison
Jackson said jurors should not allow Gitner to distract them from the simple truth that Rajaratnam and his brother agreed to engage in insider trading
He cited an August 2008 phone call in which Raj Rajaratnam told his brother about a handshake deal between AMD and an Abu Dhabi state owned company
The information he said came from Anil Kumar a former McKinsey Company partner The same day Rengan Rajaratnam told his brother he had met with another McKinsey partner David Palecek who was a little dirty and kind of volunteered the information on the investments
Jackson said the comment that Palecek was dirty showed Rengan s understanding he can exploit this guy
But Gitner said the dirty remark referred to investment advice Rengan Rajaratnam received from Palecek whom he met in business school McKinsey policy prohibits such advice Palecek died in 2010
It makes no sense for Rengan to seriously ask someone he hadn t seen in years to break the law Gitner said
Raj Rajaratnam is serving an 11 year prison term following his 2011 conviction Kumar pleaded guilty and was sentenced to two years probation in 2012
The case is U S v Rajaratnam U S District Court Southern District of New York No 13 00211
Reporting by Nate Raymond in New York Editing by Noeleen Walder and Grant McCool |
AMD | U S chipmaker AMD cuts workforce gives weak revenue forecast | By Noel Randewich SAN FRANCISCO Reuters Struggling U S chipmaker Advanced Micro Devices Inc N AMD said on Thursday it was cutting 7 percent of its workforce and it gave a lower than expected revenue forecast for the current quarter sending its shares lower The company s third major round of job cuts since 2011 comes a week after AMD said Chief Executive Officer Rory Read had been replaced by Chief Operating Officer Lisa Su an unexpected move that sparked speculation about fresh troubles at the chipmaker In a statement AMD reported third quarter revenue and gave a forecast for current quarter revenue both of which missed expectations and its shares were down almost 10 percent in extended trade AMD had 10 149 employees at the end of the September quarter It said the cuts would be made by December and save about 9 million in the fourth quarter and 85 million next year AMD said its revenue fell 2 percent to 1 43 billion in the third quarter missing Wall Street expectations The company said its fourth quarter revenue would fall 13 percent plus or minus 3 percent from the September quarter That would be about 1 244 billion Analysts on average had expected revenue of 1 47 billion in the third quarter and 1 48 billion in the fourth quarter according to Thomson Reuters I B E S AMD reported a net profit of 17 million or 2 cents a share in the third quarter compared with a net gain of 48 million or 6 cents a share a year earlier Excluding items AMD earned 3 cents per share Shares of AMD were down 9 85 percent extended trade after closing up 1 15 percent at 2 64 Reporting by Noel Randewich Editing by Lisa Shumaker |
T | AT T extends deadline to close Time Warner deal | Reuters AT T Inc N T said on Monday it had extended by a short period the deadline to close its proposed deal to acquire Time Warner Inc N TWX to buy time to get the required regulatory approvals for the deal The deal had a termination date of Oct 22
AT T s 85 4 billion acquisition of Time Warner is expected to give it control of cable TV channels HBO and CNN film studio Warner Bros and other coveted media assets |
T | Exclusive Mexico telecoms regulator to vote on letting Slim s America Movil charge rivals | By Julia Love and Christine Murray MEXICO CITY Reuters Mexico s telecommunications regulator is discussing a proposal that would allow billionaire Carlos Slim s America Movil to start charging local rivals again for calls made to clients on its network according to a document seen by Reuters Rivals such as AT T NYSE T and Telefonica MC TEF have been anxiously awaiting new rates since the Supreme Court ruled in August that America Movil should not be barred by law from charging other carriers for calls to its customers The court found the market regulator the Federal Institute of Telecommunications IFT not legislators should set the so called interconnection rates The decision weakened a key pillar of a 2014 reform intended to loosen Slim s grip on a market he has dominated since taking control of former state phone monopoly Telmex in the 1990s A proposal drafted by the IFT s regulatory policy unit would allow America Movil to charge 0 03686 pesos per minute for mobile calls made to customers on its network next year and its competitors to charge 0 1176 pesos the document showed The seven IFT commissioners are set to vote on the proposal on Friday according to three people with knowledge of the matter However they cautioned the schedule could change The unit of regulatory policy could revise the draft before the vote and the rates ultimately approved by the commissioners could differ from the proposal they said A spokesman for the IFT said no plenary session had been scheduled for Friday so far A spokeswoman for America Movil declined to comment Currently in line with the 2014 telecoms reform that was one of President Enrique Pena Nieto s signature accomplishments America Movil cannot charge other carriers for calls made to customers on its network even though those firms can bill Slim s firm for using theirs Competitors had urged the regulator to keep the zero interconnection rate or something close to it Broadcaster Grupo Televisa for example recommended America Movil should be permitted to charge no more than 0 015 pesos per minute Created by Slim in 2000 America Movil later swallowed its parent Telmex and by the end of last year it held about two thirds of Mexico s mobile subscriptions according to IFT data The zero rate had been a particularly effective part of the reform said Alexander Elbittar a researcher with Mexico s CIDE university To further strengthen competition the gap between America Movil and its rivals in interconnection rates should remain as wide as possible he added As long as you keep reducing the spread you are going to be hurting the business for the minor operators Elbittar said If the rates proposed in the document are approved the gap would be cut to some 0 08 pesos from about 0 19 pesos this year Still experts say the IFT must balance promoting competition with encouraging investment in Mexico Speaking at an event in the central city of San Luis Potosi on Monday Slim criticized Telefonica and AT T for not investing enough in the telecoms infrastructure AT T entered Mexico after the reform spending 4 4 billion to buy two carriers Before legislators agreed on the zero rate in 2014 the regulator had allowed America Movil to charge 0 2 pesos per minute compared to 0 3 pesos for competitors If the IFT allows Slim to charge again it could alarm rivals After the Supreme Court ruled against the zero rate Telefonica which has long struggled to grow its business in Mexico said it had been gravely hurt by the decision The ban on charging rivals for network usage has been one of the main drags on America Movil s profits in the reform
Slim topped the Forbes global rich list for four years until 2014 as the reform started to bite |
AMD | AMD Posts Q3 Earnings Beat Stock Dips On Weak Guidance | Advanced Micro Devices Inc NASDAQ AMD just released its third quarter 2017 financial results posting earnings of 0 10 per share and revenues of 1 64 billion Currently AMD is a Zacks Rank 3 Hold and is down over 6 to 13 31 per share in after hours trading shortly after its earnings report was released
AMD
Beat earnings estimates The company posted earnings of 0 10 per share beating the Zacks Consensus Estimate of 0 08 per share
Beat revenue estimates The company saw revenue figures of 1 64 billion topping our consensus estimate of 1 51 billion
The Sunnyvale Calif chipmaker s quarterly revenues were up over 25 from the year ago period AMD s non GAAP earnings jumped from 0 03 per share to 0 10 per share while it posted operating income of 126 million and net income of 71 million
AMD s Computing and Graphics segment revenues soared 74 to 819 million driven in large part by great Radeon and Ryzen sales
However the company expects its fourth quarter revenues will fall roughly 15 sequentially tough that quarter over quarter decline would mark a nearly 26 year over year jump On top of that full year sales are expected to increase by more than 20 which is above AMD s previous mid to high teens guidance
Strong customer adoption of our new high performance products drove significant revenue growth and improved financial results from a year ago Dr Lisa Su AMD president and CEO said in a statement
Our third quarter new product introductions and financial execution mark another important milestone as we establish AMD as a premier growth company in the technology industry
Here s a graph that looks at AMD s Price Consensus and EPS Surprise history Advanced Micro Devices Inc Price Consensus and EPS Surprise Check back later for our full analysis on AMD s earnings report
Today s Stocks from Zacks Hottest StrategiesIt s hard to believe even for us at Zacks But while the market gained 18 8 from 2016 Q1 2017 our top stock picking screens have returned 157 0 128 0 97 8 94 7 and 90 2 respectively And this outperformance has not just been a recent phenomenon Over the years it has been remarkably consistent From 2000 Q1 2017 the composite yearly average gain for these strategies has beaten the market more than 11X over Maybe even more remarkable is the fact that we re willing to share their latest stocks with you without cost or obligation |
AMD | Advanced Micro Devices Shares Advance Lower After Earnings Report | Advanced Micro Devices Inc NASDAQ NASDAQ AMD
Even though Advanced Micro Devices reported better than expected top and bottom line and revenue on Tuesday October 24 2017 shares plummeted in the aftermarket trading session once the earnings announcements were laid out
Shares which have traded in a 52 week range from a low of 6 22 to a high of 15 65 sold off sharply just after the report hit the newswires Shares dropped hard and closed down 10 95 at 12 69
Shares had closed the regular session at 14 25 Shares have seen a steady increase by about 25 since the beginning of 2017 coming into today
Earning Numbers
The company reported earnings of 0 10 per share on revenues of about 1 65 billion dollars Analysts had been expecting 0 08 per share on revenues that were expected to come in much lower at 1 51 billion dollars
These actual numbers are not what hurt the company in the aftermarket What did affect the after market trading action was that the company revised the upcoming quarterly revenues which are now expected to decrease by about 15
Company Comments
AMD president and CEO had this to say on the conference call
Strong customer adoption of our new high performance products drove significant revenue growth and improved financial results from a year ago Our third quarter new product introductions and financial execution mark another important milestone as we establish AMD as a premier growth company in the technology industry
Advanced Micro Devices Chart
The above price chart shows the intraday Tuesday trdning session on the left and the aftermarket trading session on the right It is easy for the viewer to see that on the right just after the earnings were announced shares dropped precipitously from 14 to about 12 Then based for a little while until the 8 p m close
Company Profile
Advanced Micro Devices Inc operates as a semiconductor company worldwide Its primarily offers x86 microprocessors as an accelerated processing unit APU chipsets discrete graphics processing units GPUs and professional graphics and server and embedded processors and semi custom System on Chip SoC products and technology for game consoles
The company provides x86 microprocessors for desktop PCs under the AMD A Series AMD E Series AMD FX CPU AMD Athlon CPU and APU AMD Sempron APU and CPU and AMD Pro A Series APU brands and microprocessors for notebook and 2 in 1s under the AMD A Series AMD E Series AMD C Series AMD Z Series AMD FX APU AMD Phenom AMD Athlon CPU and APU AMD Turion and AMD Sempron APU and CPU brand names
It also offers chipsets with and without integrated graphics features for desktop notebook PCs and servers as well as controller hub based chipsets for its APUs under the AMD brand and AMD PRO mobile and desktop PC solutions In addition the company provides discrete GPUs for desktop and notebook PCs under the AMD Radeon brand professional graphics products under the AMD FirePro brand name and customer specific solutions based on AMD s CPU GPU and multi media technologies
Further it offers microprocessors for server platforms under the AMD Opteron embedded processor solutions for interactive digital signage casino gaming and medical imaging under the AMD Opteron AMD Athlon AMD Sempron AMD Geode AMD R Series and G Series brand names and semi custom SoC products that power the Sony Playstation 4 Microsoft Xbox One and Xbox One S game consoles
The company sells its products through its direct sales force independent distributors and sales representatives It primarily serves original equipment manufacturers original design manufacturers system builders and independent distributors Advanced Micro Devices Inc was founded in 1969 and is headquartered in Sunnyvale California |
T | Fox Sports eyes World Series ratings dream | Fox Sports FOX FOXA is a step closer to a ratings dream World Series matchup of the New York Yankees against either the Chicago Cubs or Los Angeles Dodgers Last year Fox took in a record 410M when the Cubs Cleveland Indians World Series generated national interest but some see that mark being broken with three of the four top U S TV markets still in the mix The fourth team still alive the Houston Astros play in the eighth largest TV market and add an intriguing storyline due to the lack of a World Series title in their 55 year franchise history TBS NYSE TWX is broadcasting some of the NLCS games and should also benefit from the expected ratings boost Now read |
T | Report Brazil to OK AT T Time Warner with conditions | AT T T 1 5 is rebounding from a couple of days of declines alongside a report that Brazil s antitrust regulator is set to approve the company s 85B buyout of Time Warner TWX 0 5 Financial newspaper Valor Economico says that Cade the regulator set to give official discussion to the deal on Wednesday will approve the deal with conditions Cade s Gilvandro Araujo had said the agency would take up the deal then or Oct 31 But Cade won t order AT T to sell its ownership of Sky Brazil the country s No 2 pay TV service the paper said The deal s also subject to an OK from telecom regulator Anatel Now read |
T | National Football League roundup | The Sports Xchange It appears as if the main thing to come out of Tuesday s meeting between NFL players and owners was mutual respect Many owners acknowledged the players right to protest and what they are protesting about and seem willing to effect change in whatever form that may take in their respective communities The players seemed appeased by having the owners at least hear them out on these topics and in the owners willingness to continue the conversation in later meetings Commissioner Roger Goodell at the conclusion of the league s fall meetings Wednesday afternoon reiterated his stance that he hopes every player will stand for the national anthem League bylaws state players should stand for the anthem but no mandate to do so will be put into place Goodell said Wednesday The NFL announced that the Dallas Cowboys will host next year s draft with all three days taking place at AT T NYSE T Stadium The 2018 NFL Draft will be held April 26 28 at the Cowboys stadium in Arlington Texas NFL commissioner Roger Goodell announced Wednesday at the owners meetings in New York It will be the first time the event will take place inside an NFL stadium Dallas Cowboys star running back Ezekiel Elliott said he appreciates the opportunity to return to the field after a New York federal judge granted him a temporary restraining order on his six game suspension over domestic violence allegations The 22 year old Elliott was not allowed to be at The Star the Cowboys team headquarters until a U S district judge in New York made his ruling Tuesday night Philadelphia Eagles defensive end Chris Long announced he is donating the rest of his 2017 salary to increase educational equality Long already donated his first six game checks this season to fund two scholarships for students in his hometown of Charlottesville Va Long and his wife Megan made that decision last month after a series of white supremacist rallies in his hometown led to violence in the streets in August The San Francisco 49ers will pay tribute to Dwight Clark known for making The Catch from Joe Montana in one of the most iconic plays in NFL history The organization announced Wednesday that Dwight Clark Day at Levi s Stadium which will take place on Sunday when the 49ers host the Dallas Cowboys In March the 60 year old Clark said in a statement he is battling amyotrophic lateral sclerosis or ALS Arizona Cardinals running back Adrian Peterson was named NFC Offensive Player of the Week after an impressive debut with his new team Peterson who was acquired from the New Orleans Saints last week rushed for 134 yards and two touchdowns on 26 carries in the Cardinals 38 33 win over the Tampa Bay Buccaneers on Sunday This is the 32 year old Peterson s eighth career NFC offensive award The Cleveland Browns are going back to rookie DeShone Kizer at quarterback Kizer who started the first five games will return to the top spot after watching from the sidelines while Kevin Hogan threw for 130 yards and three interceptions in a 33 17 loss to Houston last week Coach Hue Jackson wanted Kizer to get a different perspective by sitting out
Indianapolis Colts quarterback Andrew Luck is being shut down due to soreness in his surgically repaired right shoulder Luck who has yet to take a snap this season and only recently returned to practice is without a timetable for his return |
T | U S agency scraps unused telegraph regulations in Trump rules purge | By David Shepardson WASHINGTON Reuters The U S government is scrapping rules on telegraphs even though carriers no longer exist part of the Trump administration s effort to slash regulations the Federal Communications Commission said on Thursday The last Western Union telegram in the United States was sent in 2006 and the commission had stopped enforcing the rules in 2013 The last major telegram service worldwide ended in India in 2013 The FCC said in a notice it was removing outmoded regulations on telegraphs effective in November to further our goals of reducing regulatory burdens eliminating unnecessary rule provisions and making the agency as efficient and effective as possible There are close to 1 000 pages of FCC media regulations alone AT T Inc NYSE T originally known as the American Telephone and Telegraph Company in 2013 lamented the FCC s failure to formally stop enforcing some telegraph rules Regulations have a tendency to persist long after they outlived any usefulness and it takes real focus and effort to ultimately remove them from the books even when everyone agrees that it is the common sense thing to do the company said The telegraph was demonstrated in 1838 in New Jersey and by the 1860s was widely used in the United States marking the first communication that traveled faster than a physical message Telegrams were popular in the 1920s in part because they cost less than a long distance phone call FCC chairman Ajit Pai said in May he wanted to remove outdated rules striking irrelevant regulations as just a matter of good housekeeping and others that stand in the way of innovation and investment that would benefit consumers Also in May the FCC voted to start a comprehensive review of media regulations The FCC meets next week to vote to end a 1939 requirement that each AM FM and television broadcast station maintain a main studio located in or near its community of license The rule was to ensure that stations would be accessible and responsive to their communities However a local main studio is no longer needed to fulfill these purposes the FCC said |
PFE | Novartis Reports Positive Data On Biosimilar Candidates | Novartis AG NYSE NVS announced results from two key studies comparing its proposed biosimilar versions of Amgen s blockbuster drug Enbrel etanercept and Roche s MabThera rituximab to the reference drugs at the Annual European Congress of Rheumatology EULAR 2016 in London Sandoz the generic arm of Novartis reported that both the studies met the primary endpoints of achieving pharmacokinetic PK bioequivalence While the biosimilar version of Enbrel demonstrated PK bioequivalence with no clinically meaningful differences in safety tolerability and immunogenicity to the reference product in a phase I study the biosimilar version of MabThera showed PK bioequivalence and similar pharmacodynamics safety efficacy and immunogenicity in a phase II study We note that MabThera is approved for the treatment of non Hodgkin s lymphoma which includes follicular lymphoma and diffuse large B cell lymphoma chronic lymphocytic leukemia and autoimmune diseases such as rheumatoid arthritis RA Sandoz is seeking approval of its biosimilar in all of these indications Meanwhile Enbrel is approved for moderate to severely active RA chronic moderate to severe plaque psoriasis in patients who are candidates for systemic therapy or phototherapy and active psoriatic arthritis Sandoz is seeking approval for the biosimilar in all of these indications We are impressed by Sandoz s efforts to broaden its biosimilars portfolio Sandoz currently markets three biosimilars Omnitrope a human growth hormone Binocrit an erythropoiesis stimulating agent and Zarxio in the U S Backed by its deep pipeline of biosimilars the company plans to make 10 regulatory filings over the 2015 2017 time frame of which six applications have already been submitted Sandoz s filing for a biosimilar version of Enbrel was accepted by both the FDA and the EMA for regulatory review in the fourth quarter of 2015 Last month the EMA accepted Sandoz s Marketing Authorisation Application MAA for its proposed biosimilar of MabThera Approval of new drugs generics and biosimilars along with the label expansion of existing ones should bode well for Novartis as it has been facing stiff generic competition for some of its key drugs like Diovan and Gleevec of late Additionally its oncology drugs are facing competition from immuno oncology therapies Novartis currently carries a Zacks Rank 4 Sell Currently Pfizer NYSE PFE is a better ranked stock in the health care sector with a Zacks Rank 1 Strong Buy |
PFE | Bull Of The Day Pfizer PFE | In the current uncertain market environment big pharma stocks like Pfizer NYSE PFE are worth a look due to their defensive nature attractive dividend yields and solid growth opportunities The company reported excellent results sending estimates higher and the stock to a Zacks Rank 1 Strong Buy About the Company
New York based Pfizer Inc PFE is a leading pharmaceutical company in the world They have a large portfolio of products and medicines that support wellness and prevention as well as treatment and cures for diseases across a broad range of therapeutic areas They also have an impressive pipeline of promising new products Pfizer had two business segments Innovative Products and Established Products Strong Q1 Results Upgraded Guidance
Pfizer PFE reported much better than expected results for Q1 They beat both on top and bottom lines and also raised their guidance for the current year Earnings of 0 67 per share handily beat the Zacks Consensuses Estimate of 0 55 per share The company has an excellent history of beating estimates having missed only once in last five years
Revenues of 13 billion were also ahead of the Zacks Consensus Estimate of 11 9 billion This was the six consecutive quarter of revenue growth for the company While some of the newer products did much better than expected results also benefitted from the easing of currency headwinds
They now expect EPS in the range of 2 38 to 2 48 above the street consensus of 2 30 Revenue guidance of 51 billion to 53 billion was also better than analysts estimate of 51 24 billion Betting on Growth
Pfizer had to cancel its proposed deal with Allergan NYSE AGN pa that would have created the biggest drug company in the world and significantly lowered the tax rate for the merged entity in the wake of new rules to restrict US companies merging with overseas firms in order to move their headquarters to low tax countries They now say they re not planning to pursue another tax inversion merger due to new rules
But the company continues to look for ways to grow Last month they announced plans to acquire Anacor Pharmaceuticals for 5 2 billion With this acquisition scheduled to close next quarter Pfizer will add experimental eczema treatment crisaborole to its pipeline
Last year s acquisition of Hospira has given Pfizer a strong position in the areas of sterile injectable drugs and biosimilars
The company has also committed a lot of resources towards the development of treatments in the fields of oncology cardiology metabolic disorders neuroscience immunology inflammation and vaccines They believe they can be in leading positions in these areas
Returning Capital to Shareholders
They continue to reward shareholders through share buybacks and dividends The current dividend yield is 3 6 The company returned about 13 1 billion to shareholders in the form of dividends and share buybacks in 2015 They executed a new 5 billion accelerated share buyback in March this year
The Bottom Line
Pfizer share are currently trading at 14 4 times forward earnings which I think is quite reasonable given their growth potential In addition to valuation solid dividend yield and strong growth potential make this stock an excellent pick for long term income focused investors |
AMD | Bartosiak Trading AMD s AMD Earnings With Options | On Tuesday October 24th Advance Micro Devices AMD will release its third quarter earnings results after the bell The company is a Zacks Rank 3 Hold and have a Value Growth and Momentum score of C
Dave will look at AMD s past earnings take a look at what is currently going on with the company and give us his thoughts on their upcoming earnings announcement
Furthermore Dave will uncover some potential options trades for investors looking to make a play on AMD ahead of earnings
AMD in Focus
Advanced Micro Devices NASDAQ AMD Inc is a world class company with the innovation execution and vision to grow our leadership position in the industry Today s world class companies share three essential characteristics First they deliver innovative products and technologies that customers want Second they have established a proven track record of fast efficient manufacturing execution And third they have a bold vision of where to take their business and often their industry Over the course of AMD s three decades in business silicon and software have become the steel and plastic of the worldwide digital economy Technology companies have become global pacesetters making technical advances at a prodigious rate always driving the industry to deliver more and more faster and faster AMD s dedication to customer centric innovation and competitive spirit is an unbroken thread running from our early days in the integrated circuit business through an ever broadening product portfolio
AMD is expected to per share according to the Zacks Consensus Estimate Last quarter they reported earnings at 0 02 per share beating their estimate of 0 00 Advanced Micro Devices Inc Price Consensus and EPS Surprise
Bottom Line
How should investors play AMD ahead of their earnings report For insights on the best options trades then tune in at 11 00am CST today to see David s thoughts
Today s Stocks from Zacks Hottest StrategiesIt s hard to believe even for us at Zacks But while the market gained 18 8 from 2016 Q1 2017 our top stock picking screens have returned 157 0 128 0 97 8 94 7 and 90 2 respectively And this outperformance has not just been a recent phenomenon Over the years it has been remarkably consistent From 2000 Q1 2017 the composite yearly average gain for these strategies has beaten the market more than 11X over Maybe even more remarkable is the fact that we re willing to share their latest stocks with you without cost or obligation |
T | Report DOJ review of AT T Time Warner slowing with new antitrust chief | Shares in Time Warner NYSE TWX marking a gain for much of the day have slipped back a few pennies into negative ground on word that a Justice Dept review of its 85B buyout by AT T T 1 is slowing down now that antitrust chief Makan Delrahim is in place Capitol Forum is reporting that Delrahim asked for more time to get up to speed on the deal now that he has access to documents and data the staff had before Talks between the department and AT T and Time Warner are ongoing with several key points unresolved for now Bloomberg says Previously Senate confirms antitrust chief queueing up deal discussions Sep 27 2017 Previously WSJ AT T hitting Time Warner deal milestone in talks with DOJ Aug 17 2017 Now read |
T | HC2 s Global Marine makes acquisition | Global Marine Group has agreed to the purchase of the trenching and cable lay services business of Fugro N V Consideration is valued at about 73M consisting of a 23 6 equity interest in Global Marine and a 7 5M payment in one year The combination of Global Marine Group and Fugro s trenching and cable laying business will create an even more effective operating platform for delivering services to customers and value to shareholders says HC2 NYSEMKT HCHC CEO Phil Falcone Source Press ReleaseNow read |
T | AT T closing El Paso call center union seizes on move amid dispute | AT T NYSE T is closing its call center in El Paso Texas a shutdown that the Communications Workers of America is publicizing with the claim that it shows eagerness to offshore jobs The company says all affected employees are being offered positions in other AT T offices The two sides are in a ninth month of talks over a dispute that covers about 20 000 AT T Mobility employees in 36 states about 7 of the total workforce Almost 40 000 workers went on strike for three days in May The company used to operate three call centers in El Paso CWA says AT T has eliminated 12 000 call center jobs nationwide since 2011 Shares are 4 3 lower today after an SEC filing yesterday shows that while streaming service DirecTV Now is adding subscribers AT T s linear TV subscribers are down by about 390 000 this quarter Now read |
PFE | ARIAD ARIA Presents Phase II Study Data On Cancer Drug | ARIAD Pharmaceuticals Inc NASDAQ ARIA presented updated data from a pivotal phase II study ALTA on its most advanced pipeline candidate brigatinib in patients with ALK non small cell lung cancer NSCLC who had experienced disease progression on Pfizer Inc s NYSE PFE Xalkori therapy Data were presented at the annual meeting of the American Society of Clinical Oncology Results from the study showed that among the patients with a median follow up of 8 3 months when treated with brigatinib 180 mg a confirmed objective response primary endpoint of 54 was observed Moreover the median progression free survival was found to be greater than one year 12 9 months in the post Xalkori setting In addition patients with measurable brain metastases demonstrated a 67 confirmed intracranial objective response rate ARIAD is on track to file a new drug application for brigatinib in the third quarter of 2016 We note that brigatinib has Orphan Drug status in the U S for the treatment of ALK NSCLC It also enjoys Breakthrough Therapy status in the U S for the treatment of patients with ALK NSCLC that is resistant to Xalkori Meanwhile ARIAD has also initiated the phase III ALTA first line study comparing the efficacy of brigatinib to Xalkori Apart from brigatinib the only other candidate in the company s pipeline is AP32788 which is in a phase I II study for the treatment of patients with NSCLC with specific mutations in EGFR or HER2 Currently the only marketed product in ARIAD s portfolio is Iclusig which is a leukemia drug
ARIAD is a Zacks Rank 3 Hold stock A couple of better ranked stocks in the health care sector are Juniper Pharmaceuticals Inc NASDAQ JNP sporting a Zacks Rank 1 Strong Buy and Actinium Pharmaceuticals Inc NYSE ATNM carrying a Zacks Rank 2 Buy |
AMD | Mellanox MLNX Drives On Growing Clientele Collaborations | Mellanox Technologies Inc NASDAQ MLNX is riding high on expanding customer base and portfolio strength driven by strategic partnerships To date in 2017 the company s products have been selected by cloud computing and semiconductor bigwigs like Hewlett Packard Enterprise NYSE HPE Alibaba Group NYSE BABA and Advanced Micro Devices Inc NASDAQ AMD Moreover collaborations with the likes of VMware and HPE has significantly expanded Mellanox s product portfolio Interconnect Solutions Gain Rapid AdoptionMarket research firm IDC forecasts that by 2025 the global datasphere will grow to 163 zettabytes that is a trillion gigabytes which is ten times the 16 1 zettabytes ZB of data generated in 2016 This exponential growth bodes well for Mellanox s interconnect solutions owing to growing demand for higher network speeds for fast processing of data InfiniBand is highly scalable and its off loading capabilities that reduce load on CPUs are attracting artificial intelligence AI machine learning and deep learning providers Moreover increasing adoption of cloud computing is driving demand for Ethernet which is considered better than Fibre Channel primarily due to its high speed 100 G versus 16 32 G and low cost Recently Mellanox s Spectrum Ethernet Switch was selected by Hewlett Packard to power its StoreFabric M series storage networking switches Spectrum is the part of Ethernet Storage Fabric ESF solution which per Mellanox is the fastest and most efficient Ethernet storage network available for the enterprise and cloud Mellanox s products are gaining rapid adoption which is evident from Alibaba s deployment of 25GbE and 100GbE ConnectX 4 EN family of Ethernet adapters in its data centers Moreover Mellanox s Ethernet and InfiniBand interconnect solutions are powering AMD s EPYC processors which were launched in June this year Intel s Xeon Scalable processor based compute and storage platforms are also using the company s InfiniBand solution Collaborations Drive Customer BaseApart from strong demand for Mellanox s interconnect solutions collaborations with the likes of VMware and Hewlett Packard have helped the company gain strong footprint in the cloud and data center market Mellanox has partnered with VMware to combine iSER iSCSI Extensions for Remote Direct Memory Access networking solutions with vSphere The company s iSER uses an Ethernet Storage Fabric as a unified connectivity solution for compute and storage This provides improved performance at lower costs Mellanox has also partnered with Hewlett Packard under which the former s ConnectX 5 InfiniBand adapters and Switch IB2 InfiniBand switches were used in latter s HPE SGI 8600 and HPE Apollo 6000 Gen10 systems We note that NASA Ames Research Center has selected Mellanox s EDR InfiniBand solutions along with HPE SGI 8600 liquid cooled platform to expand its Electra supercomputing cluster Mellanox s collaboration with Microsemi Corporation is also expected to solidify the company s footprint in the high performance computing market going forward Will You Make a Fortune on the Shift to Electric Cars Here s another stock idea to consider Much like petroleum 150 years ago lithium power may soon shake the world creating millionaires and reshaping geo politics Soon electric vehicles EVs may be cheaper than gas guzzlers Some are already reaching 265 miles on a single charge With battery prices plummeting and charging stations set to multiply one company stands out as the 1 stock to buy according to Zacks research It s not the one you think |
AMD | Why Did Advanced Micro Devices AMD Stock Surge Today | Shares of Advanced Micro Devices NASDAQ AMD moved higher throughout morning trading hours on Tuesday eventually hitting an intraday peak of 13 48 a 6 climb from Monday s close just before noon
The move comes on the back of the chipmaker s latest product announcement On Tuesday AMD unveiled its Embedded Radeon E9170 Series graphic processing unit a GPU that is optimized for low power embedded applications
The new AMD Embedded Radeon E9170 Series GPU not only achieves up to 3X the performance per watt over previous solutions but is the first Polaris based Embedded GPU available in the MCM form factor to enable sleek designs in a variety of sizes striking the optimal balance of performance and power efficiency said Colin Cureton director of product management at AMD Enterprise Solutions
In its press release AMD mentioned that the E9170 Series has a wide variety of applications Of these the chipmaker described how the new GPU could power digital casino games thin clients medical displays retail signage and industrial shock tests
Investors are clearly bullish about AMD s newest GPU which is yet another example of the graphics chipmaker working to legitimize to its enterprise offerings Expanding its enterprise GPU line and competing against the likes of Nvidia NASDAQ NVDA is a key goal for AMD
AMD s graphics chips have seen increased demand from cryptocurrency mining which has skyrocketed in popularity as the price of things like bitcoin and ethereum have grown But the company itself has admitted that cryptocurrencies are not a long term growth driver making product announcements like today s even more important
Interestingly enough the latest surge in AMD shares is also coming on the same day that short interest in the stock reached an all time high According to Business Insider and financial analytics provider S3 Partners AMD shares sold short rose to 159 million a new record and an estimated 18 of total shares available
Shorting AMD has not been a consistently profitable strategy this year but after the stock s 83 gain over the past 52 weeks many investors are betting that the popular chipmaker will lose steam soon As for now AMD sports a Zacks Rank 3 Hold
Want more stock market analysis from this author Make sure to follow on Twitter
Will You Make a Fortune on the Shift to Electric Cars
Here s another stock idea to consider Much like petroleum 150 years ago lithium power may soon shake the world creating millionaires and reshaping geo politics Soon electric vehicles EVs may be cheaper than gas guzzlers Some are already reaching 265 miles on a single charge
With battery prices plummeting and charging stations set to multiply one company stands out as the 1 stock to buy according to Zacks research It s not the one you think |
AMD | Stocks Drive To All Time Highs Again | The October episode of the Zacks Ultimate Strategy Session will be available for viewing no later than Wednesday October 11th Sheraz Mian Eric Dutram Tracey Ryniec Neena Mishra CFA FRM and Kevin Cook will cover the investment landscape from most every angle in this popular event Don t miss your chance to hear Eric and Tracey Agree to Disagree what s likely to happen with interest rates to close out the year and for early next year Sheraz and Tracey answer your questions in Zacks Mailbag Eric and Neena choose one portfolio to give feedback for improvement And much more Remember we need your input Please submit your questions for Zacks Mailbag and Portfolio Makeover by Thursday morning October 5th Email now to mailbag zacks com Then log on to Zacks com and bookmark this page The market enjoyed more good news on Tuesday as this data heavy week continues U S new vehicle sales were strong in September due to the replacement of damaged cars during the recent hurricanes This came a day after the ISM Manufacturing Index registered its best reading 60 8 in more than a decade Such solid reports amid optimism over tax reform cleared the way for a new round of all time highs The Dow put together its fifth day of gains with an increase of 0 37 to 22 641 7 The NASDAQ was up 0 23 to 6531 7 and the S P climbed 0 22 to 2534 6 The two latter indices have a six session winning streak and all three reached new all time highs for the second consecutive session The Russell 2000 continued moving higher as well rising 0 17 to a new record of nearly 1512 Market continued their bullish run today with indices hitting fresh highs across the board said Jeremy in Counterstrike There seems to be no stopping the market as every day is met with fresh buying Today was the 44th all time high for the Dow this year In the portfolios Surprise Trader cashed in a double digit winner while Stocks Under 10 added a company that s gaining ground in the burgeoning autonomous driving space Also TAZR Trader added more shares of an existing position Check out more specifics in the highlights section below along with some analysis from other services Today s Portfolio Highlights
Surprise Trader Owens Corning OC has been in the portfolio less than three months now and it s been a big success In late July the building materials company reported another strong quarter with better than expected results on the top and bottom lines Today Eric decided to get out of the name and bank a nice 20 6 profit Stocks Under 10 Autonomous driving may not be commonplace right now but the idea is getting hotter and hotter Brian Bolan is a big believer in its future so today he picked up Iteris ITI for the portfolio The company is a Zacks Rank 2 Buy leading provider of outdoor vision systems and sensors that optimize the flow of traffic and enhance driver safety The editor wouldn t be surprised if this company is a double digit winner by the end of the year In fact he sees ITI becoming one of the big three in the portfolio in about a year s time Learn a lot more about this new addition in the full write up TAZR Trader Kevin planned to buy more shares of Advanced Micro Devices NASDAQ AMD after a research analyst last week reported that the company significantly improved its competitive position in GPUs But just this morning AMD had a new product announcement which forced the editor to make the move today and add to the position You may remember that Kevin considers AMD to be a great substitute to the pricey and possibly overvalued NVIDIA NASDAQ NVDA Read the complete commentary for more on this move and AMD s new product announcement Large Cap Trader The two largest Detroit automakers reported much stronger than expected US new car sales in September over the year earlier period as replacement demand increased A string of national disasters hurricanes in Houston and Florida helped boost sales at a time when the U S industry is facing its weakest year since the great recession Tack on the great manufacturing PMIs for the USA The Atlanta Fed s GDPNow effort has third quarter U S GDP growth at 2 7 That s a big improvement from the pessimism early on John Blank Momentum Trader Today the S P 500 hit the second price target from the July to August Fib setup I ve been working off for the last few weeks This latest run of five straight days of buying pressure could be the start of something epic After hitting 2 533 the 50 extension the next step is the 76 4 up at 2 555 That s a mere 21 handless off today s closing price less than a one percent move We re in a nice technical pattern here where the 50 day moving average sits down at 2 474 44 and the upside resistance here is all pretty much theoretical That s the tough part about guessing where these breakouts may run out of steam Since the index has never traded up at this level you really don t know where the sellers are likely to step in It s much easier to find areas of support and resistance when the index has been there before What I can tell you about this current rally is it s likely to continue as long as we ve got hope for tax reform and we don t get any overly hawkish rhetoric out of the Fed Dave Bartosiak
Have a Good Evening
Jim Giaquinto
One More Thing
Billions of dollars have already poured into research for editing genes in human blood cells to treat conditions such as leukemia AIDS muscular dystrophy hemophilia and more It can re engineer the body s own defenses to attack these disorders more efficiently without damage and suffering of radiation or chemo The potential for cures is almost unimaginable and so is the profit potential for early investors in the right companies That s why we just released a new Special Report Cures and Riches 5 Stocks for the Life Saving Fortune Building Promise of Gene Editing It s based on a Zacks Confidential article by Kevin Cook and highlights 5 stocks he recommends today that are making transformation strides Log on to Zacks com to read it now
Recommendations from Zacks Private Portfolios Believe it or not this article is not available on the Zacks com website The commentary is a partial overview of the daily activity from Zacks private recommendation services If you would like to follow our Buy and Sell signals in real time we ve made a special arrangement for readers of this website Starting today you can see all the recommendations from all of Zacks portfolios absolutely free for 7 days Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises which we ve predicted with an astonishing 80 accuracy |
T | CPI And Core CPI Data Up 0 2 | Although it s difficult to ascertain just what has resulted from an historic summit between President Trump and North Korean Leader Kim Jong Un Trump has mentioned removing U S soldiers from South Korea which would be a nice concession to Kim though may be more problematic for South Korean President Moon Jae in though little is known to this point regarding how North Korea may agree to denuclearize its weaponry One thing we do know this morning is new Consumer Price Index CPI data released ahead of the opening bell today The headline read of 0 2 for May was in line with April s unrevised headline with trailing 12 month CPI growth of 2 8 Ex food energy costs we still see 0 2 and with January s high point of 0 5 matched with March s 0 1 and the remainder of the months all at 0 2 deuces are wild year to date as well The Energy sector grew the highest both in the month of May 0 9 and year over year 11 7 Within this sector gasoline rose the highest to 1 7 and fuel oil is up a hefty 25 3 since May 2017 For the month Medical Care rose 0 2 while Food prices remained unchanged The other shoe drops tomorrow with Producer Price Index PPI numbers hitting the tape during pre market hours In April this headline reached 0 1 Should these numbers stay consistent it will continue the ongoing narrative that inflation is indeed creeping into the economy but not quickly or in any way that presently cannot be controlled Surely the members of the Federal Reserve know this as they re convene beginning today to decide interest rate policy There is more than a 90 change the Fed presidents will vote to rise another quarter point to a 1 75 2 00 range tomorrow which will have marked the second time this year the Fed raised rates The remaining question is not so much whether a third rate hike is in the offing likely at the Fed s September meeting but whether there will be a fourth presumably to 2 25 2 50 by the end of the year Before all this comes to pass however later today we will learn the fate of the long labored merger deal between AT T NYSE T and Time Warner NYSE TWX This deal has been famously opposed by the U S government some say by President Trump directly although participants have been quick to point out there have been plenty of precedents with mega mergers of this stripe Investors will be paying close attention Currently both AT T and Time Warner carry Zacks Rank 3s Hold AT T has a Zacks Style Score Value Growth Momentum of B whereas Time Warner s Zacks Style Score is A Combing the two companies would bring about 284 billion in market cap together |
T | AT T spreads rural fixed wireless solution to nine new states | AT T NYSE T is pushing its fixed wireless Internet solution into rural and underserved areas in nine new states doubling its previous state footprint for the offering
As part of its Connect America Fund commitment AT T says it now offers its Fixed Wireless Internet with 10 Mbps downstream speeds and capped data over 160 000 locations in 18 states
It plans to hit 400 000 locations by the end of this year and 1 1M locations by 2020
Now read |
T | Bloomberg Senate Dems press for government review of Sprint T Mobile | With a merger between Sprint S 1 8 and T Mobile TMUS 1 5 gathering steam for a possible firm announcement alongside earnings Senate Democrats are pressing the Trump administration to start reviewing the deal for consumer harm ahead of any announcement Bloomberg reports
A letter spearheaded by Sen Amy Klobuchar to the Justice Department s new antitrust chief Makan Delrahim and to FCC Chairman Ajit Pai says the combination could raise significant antitrust issues and could harm consumers and urges the two to start looking into the deal
Klobuchar is the top Democrat for antitrust issues on the Senate Judiciary Committee
The carriers parent firms today OTCPK SFTBY 0 2 OTCQX DTEGY 0 3
Now read |
AMD | ETFs Stocks Riding High On Blockchain Boom | The blockchain fever is high thanks to an astronomical surge in bitcoin price The digital currency skyrocketed to a fresh high of above 5 000 in late August from around 997 at the start of the year read Inside The SurgeThe excitement surrounding the cryptocurrency is due to the blockchain technology that backs bitcoin The blockchain is a decentralized public ledger which offers a secure fast and cheaper medium of carrying out online transaction and online transfer of information without the need of third party verification Other cryptocurrencies such as Ethereum are also powered by the blockchain technology According to the Market and Markets report business surrounding the blockchain technology is expected to grow from 210 2 million in 2016 from 2 32 billion by 2021 at a CAGR of 61 2 The global Blockchain Technology Market s research report projects a CAGR of 55 6 from 2017 to 2021 Additionally the split of the digital currency into bitcoin and bitcoin cash added to the strength last month The action will expedite transaction time leading to a speedy growth of the cryptocurrency read Further bitcoin is gradually becoming a safe haven currency as tensions between North Korea and the United Stated as well as the Washington turmoil have spurred a rally in the digital currency Moreover strong demand from Japan and rising institutional investor interest are pushing up the price of bitcoin Dip A Buying OpportunityThe cryptocurrency is currently trading below 4 000 down 20 since the start of this month following talks of China s central bank restricting the trade of bitcoin and other cryptocurrencies on domestic exchanges The current dip could be a buying opportunity for investors to capitalize on the strong optimism surrounding this innovative technology see How to Play Given this we have highlighted three ETFs stocks that are benefiting most from the bitcoin surge and the blockchain technology boom The trend is likely to continue in the months ahead ETFsWhile several issuers have filed for bitcoin ETFs in recent months none of these have received approval until now However the popularity and success of bitcoin is driving up these ETFs read ARK Web x 0 ETF The surge in bitcoin prices is a big boon for this disruptive companies focused ETF as ARKW is the first ETF to add bitcoin to its roster This is an actively managed fund focusing on companies that are expected to benefit from the shift in technology infrastructure to the cloud enabling mobile new and local services The fund holds 43 stocks in its basket with none holding more than 6 9 share The ETF has amassed 90 9 million in its asset base and trades in a lower average daily volume of around 44 000 shares The expense ratio comes in at 0 75 The ETF is up 61 5 in the year to date time frame ARK Innovation ETF KW ARKK This is also an actively managed fund focusing on companies that are expected to benefit from the development of new products or services technological improvement and advancements in genomic revolution Web x 0 and industrial innovation The fund holds 52 stocks in its basket with each holding less than 6 2 share It has AUM of 131 2 million in its asset base and trades in a light average daily volume of around 56 000 shares The product charges 75 bps in annual fees and has gained 68 9 so far this year read iShares PHLX Semiconductor ETF Semiconductor ETFs like SOXX are gaining from rising demand of cryptocurrency mining which needs the usage of semiconductors This ETF follows the PHLX SOX Semiconductor Sector Index and offers exposure to 30 firms with none holding more than 9 15 of assets The fund has amassed 1 2 billion in its asset base and trades in a solid average volume of around 513 000 shares a day It charges 48 bps in fees a year from investors and has surged 24 5 so far this year It has a Zacks ETF Rank 1 Strong Buy with a High risk outlook StocksNVIDIA Corporation NASDAQ NVDA This is a Zacks Rank 1 visual computing company with worldwide operations This graphics chipmaker is the biggest beneficiary of the cryptocurrency mining boom that will boost demand for chips Notably NVDA graphics cards or GPUs are incredibly popular with cryptocurrency miners The stock has seen solid earnings estimate revision of 55 cents for the current fiscal year over the past 90 days with an expected earnings growth of 40 13 It belongs to the best Zacks Industry Rank in the and has surged 58 9 so far this year read Zynga Inc NASDAQ ZNGA This is the world s largest social game developer with users playing their games like CityVille FarmVille FrontierVille Words With Friends Mafia Wars Zynga Poker Cafe World and Treasure Isle The Zacks Rank 2 Buy online video game giant is promoting blockchain transactions In fact it is the first major company to adopt bitcoin transactions for in game purchases The company is expected to see whopping earnings growth of 568 75 this year while the earnings estimate was revised up just by a penny over the past 90 days Zynga has a solid Zacks Industry Rank in the Its shares are up 47 5 since the start of the year Advanced Micro Devices Inc NASDAQ AMD The Zacks Rank 3 Hold world class semiconductor company offers x86 microprocessors as an accelerated processing unit APU chipsets discrete graphics processing units GPUs and professional graphics The bitcoin mining craze has also resulted in higher demand for AMD s graphics cards The stock saw positive earnings estimate revision of four cents for this year over the past 90 days and has an expected earnings growth rate of 170 78 It belongs to a solid Zacks Industry Rank in the and has gained 8 5 so far this year Want key ETF info delivered straight to your inbox Zacks free Fund Newsletter will brief you on top news and analysis as well as top performing ETFs each week |
AMD | How AI And Algorithms Can Help You Find Winning Stocks | 0 Investing With AI Big Data 3 Natural Language Processing 5 What Is The Source Of The Big Data Used 10 BUZZ U S Sentiment Leaders ETF Overview BUZ 12 Market Value and Sector Weighting Breakdown 15 Investing Themes Using BUZ Strategy The Rise Of Big Data 20 What s Next For AI Big Data and Social Media 22 Episode Roundup As more and more content appears online it is creating a tsunami of data that is on a totally unprecedented scale from a historical perspective Tweets Facebook NASDAQ FB posts blog entries and a variety of other content fills up the internet with millions of messages and fresh data points on a minute by minute basis and it is only increasing by the day
Some might think there is too much noise out there and that any sort of useful signal is too difficult to find in this sea of data but that may not be true That is because recent advances on the technological front specifically in the fields of Big Data and natural language processing make sifting through loads of data a whole lot easier than what we saw even a few years ago
This could be great news for stock investors too as we can now utilize new Artificial Intelligence applications to shift through the data and find key trends in terms of online sentiment For more on this approach I spoke with Jamie Wise the CEO and founder of Buzz Indexes in this week s Dutram Report to learn how investors are tapping into technological advances and how ETF investors can play this information revolution too
Buzz Approach
First off Jamie and I discuss what is actually meant by natural language processing and what kind of technological advances we have seen in the data world over the past few years These key changes make analysis of online sentiment trends possible for stock investors allowing algorithms to read online posts and determine if they are focused on the stock or on a given customer s experience with a company instead
Once we ve gone over the basics we move on to what kind of sources are used for the information and this includes everything from Twitter TWTR and Facebook FB to posts on various other sites as well Some do receive higher weights than others in the models but it is clear that a number of sources are used for the data
Index BUZ ETF
Beyond that we also talk about how this is put into practice with the BUZZ NextGen AI US Sentiment Leaders Index the basis for the BUZ ETF Jamie lets us in on and some of the key factors that go into this benchmark s construction We also talk about what is meant by sentiment and why focusing on this metric could be a good idea for investors
One area that was especially interesting to me was the idea that investors generally focus in on a few companies in a select number of industries How does one expand the reach to a broader company list and is there enough info for some of the smaller stocks out there Jamie walks us through the answers to these questions in the podcast but it definitely seems like the group of possible stocks is growing by the day as more information is hitting the web all the time
We also discuss a few ways in which this approach has been helpful as of late focusing in on the tech sector In particular we zero in on the chip space which has definitely been in the spotlight lately
Two companies that we highlighted were Advanced Micro Devices NASDAQ AMD and Nvidia NVDA Check out the podcast for more on how the Buzz model spotted these stocks ahead of some strong performances for both and what this means for stocks in the future too But definitely check out the podcast for additional information on the index s construction and the key things to note about this AI focused approach
What s Next
Jamie and I also talk about what is coming down the pike for Buzz Indexes and the additional ways this approach could be utilized in the ETF world I also make the parallel between this technique and the idea of the wisdom of the crowd and we discuss how this index in many ways is a more advanced application of that popular concept
Finally we also discuss what is ahead for the world of social media and the big data landscape too Check out the podcast for more information on these topics and more in this edition of the Dutram Report
Bottom Line
But what do you think about this approach to finding winning stocks Can the wisdom of the crowd be a leading indicator for investing Make sure to write us in at podcast zacks com or find me on Twitter to give us your thoughts on this or anything else in the fund market
But for more news and discussion regarding the world of investing make sure to be on the lookout for each and every Thursday and check out the
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T | Democratic senator lifts hold on Trump antitrust nominee aide | By Diane Bartz
WASHINGTON Reuters U S Senator Elizabeth Warren has lifted her hold on President Donald Trump s pick to run the Justice Department s Antitrust Division a move that will allow the Senate to vote to confirm Makan Delrahim a senior Republican aide said on Friday
Warren a Massachusetts Democrat had met with Delrahim early in September where she pressed him about her concerns about lobbying and political interference in antitrust
Delrahim a veteran of the Justice Department and a lobbyist has been nominated to be assistant attorney general It was not immediately clear when the vote would go forward
The president took an usually long time nominating Delrahim finally naming him in late March The Senate Judiciary Committee approved him in June and sent his nomination to the full Senate
In the interim the Justice Department Antitrust Division is being run by Andrew Finch who will become a deputy to Delrahim once he is in place
Warren s office and Delrahim did not immediately respond to a request for comment about the hold being lifted
Senator Orrin Hatch a member of the Judiciary Committee and a Utah Republican has worked with Warren and others to address concerns about Delrahim s nomination Hatch s office said in a statement
Warren had been concerned about Trump attempting to exert political influence on antitrust decisions As a candidate Trump had said he would oppose AT T NYSE T Inc s proposed 85 billion acquisition of Time Warner Inc NYSE TWX owner of CNN and one of the country s largest film and television companies
Delrahim said in his confirmation hearing in May that on his watch the division s merger reviews would be free from any political influence |
T | Golf Thomas headlines nominees for PGA Tour s Player of the Year | By Frank Pingue Reuters Justin Thomas s breakout campaign earned him a nomination for the PGA Tour s Player of the Year award along with Dustin Johnson Hideki Matsuyama and Jordan Spieth the tour said on Monday Thomas who wrapped up the PGA of America s points based award for player of the year by winning the FedExCup and 10 million bonus on Sunday had five wins this season including a triumph at the PGA Championship for his first major title The 24 year old American also joined Jack Nicklaus Tiger Woods and Spieth as the only players since 1960 to earn five wins including a major in a season before the age of 25 World number one Johnson who won the award last year had four wins in the 20 events he entered including triumphs at the lucrative World Golf Championships Mexico Championship and World Golf Championships Dell Technologies Match Play events Johnson whose red hot run of three consecutive wins was interrupted after being sidelined by a back injury suffered on the eve of the U S Masters in April enjoyed eight top 10 finishes in the season and was fourth in the FedExCup playoffs Spieth who was named the PGA Tour s Player of the Year in 2015 had victories at the British Open where he earned his third career major title AT T NYSE T Pebble Beach Pro Am and Travelers Championship The 24 year old Texan also recorded 12 top 10 finishes which tied Thomas for most this season He also had top 10 finishes in all four FedExCup playoff events in 2017 Japan s Matsuyama had earned victories at the World Golf Championships HSBC Champions Waste Management Phoenix Open and World Golf Championships Bridgestone Invitational and finished eighth in the FedExCup Voting for the honor known as the Jack Nicklaus Award will close on Oct 2 with the winners to be announced that week Wesley Bryan Patrick Cantlay Mackenzie Hughes Grayson Murray and Tour Championship winner Xander Schauffele were the five nominees for the PGA Tour s Rookie of the Year award
Both awards are determined by a member vote with PGA Tour members who played in at least 15 official money events during the 2016 17 season eligible to participate |
T | DirecTV allowing NFL refunds around player protests | The weekend of NFL player protests may have opened a new level of business fallout as DirecTV T 1 is allowing at least some customers to get refunds from its Sunday Ticket football package if they cite the protests as the reason for cancellation DirecTV generally doesn t give refunds after the season starts but it s making an exception amid heavy public coverage of the protests now fueled by tweets and speeches from President Trump The Sunday Ticket package costing around 280 per season earns the NFL 1 5B a year in licensing and is a big draw for DirecTV Previously Football ratings inconclusive after Trump s boycott call Sep 25 2017 Now read |
AMD | AMD Sell Signals Have Come In | BEARISH SIGNAL
Double top that has been fueled with negative divergence could be a recipe for a disaster especially a cheap stock like AMD
I ve been watching AMD ever since it cleared above the 8 10 major pivot level back in December of 2016 breaking out above the 8 year range it has been in since 2008
I generally despise going long on a breakout so I ve decided not to pull the trigger upon that breakout
Truthfully ever since then I ve been secretly hoping for a correction no offense to AMD investors so I can start to accumulate positions
Well maybe my wish might just come to a fruition once for all
As you can see in the chart below we have pretty steep bearish divergence happening on MACD here This is the pattern that killed AMD when it topped out in 2010
After this pattern was confirmed AMD got into a bear market for a whopping 3 years 2010 2013 and then afterwards it got into a sideways dead move for another 3 years 2013 2016
For sure it was scary pattern for the investors back then and it is a scary pattern for the investors now
Well the scary monster is back today even with scarier look on MACD as you can see that it has much steeper decline than 2010 MACD
This is the pattern that might just kill the AMD stock value to half
MAJOR SUPPORTS
So what are the levels we can possibly look for a strong support I have reasons to believe that 8 to 6ish could provide as strong support
Yes I know that s a pretty big spread but when you are dealing with these kind of patterns discussed above along with so much optimism hype that is starting to die off here it s very difficult to pin point the exact level
I also believe that 8 6 level are the levels to hold for the uptrend to possibly continue to the upside because if we lose the level 8 6 AMD may never recover and it may be up for another 3 5 years of bear market just like what happened in 2010
That s why it s crucial that buyers protect the 8 6 level to maintain integrity of this uptrend to keep the momentum going for the primary term perspective to stay in bullish sentiment
If indeed the price falls to 8 I will be looking to purchase stocks within the range of 8 6 00
BONUS CHART
As my follower mentioned 50EMA Monthly has been served as a major pivot level since 2005
2005 acted as strong support blue boxes
2010 2015 acted as strong resistance red boxes
Currently residing at 7ish
If the price falls to 50EMA Monthly at around 7 I believe it will act as strong support |
AMD | Bitcoin ETFs More Issuers Join The Race | The rising tide for cryptocurrencies like bitcoin Ethereum and have lately shaken the investing world Among the lot bitcoin has been firing on all cylinders since the beginning of 2017 having hit a series record highs In three months the price of the digital currency has surged about 94
Investors should note that bitcoins are mined by using a greater amount of computer processing power However since there is a fixed amount of bitcoins as the limit is reached it becomes hard to mine for the coins The best part of this system is that it is beyond the reach of central banks read
The currency is in the limelight probably because of the fact that bitcoin isn t regulated by and has been used by consumers worldwide to shelter assets from inflation or political upheavals in their home countries As per an article published on bitcoin is emerging as a safe haven asset like gold
source coindesk com
Needless to say amid a sky high price rise the digital currency is gaining favor from ETF issuers though the SEC is no quite happy with the concept After rejecting the filing for an ETF on this cryptocurrency by the SEC is reviewing its decision once again
The SEC is seemingly looking for more proof of safety in this trade Meanwhile some more ETF issuers have lined up to seek regulatory approval with their bitcoin related products read
Inside New Filings
Investment firm VanEck for an exchange traded fund to invest in bitcoin derivatives in mid August Though acknowledged the riskiness of the product and believes that this digital currency is no match to gold as far as safe haven status is concerned the issuer could not overlook bitcoin s monumental craze read
VanEck noted that the digital currency cannot even replace the necessity of the dollar rather it is likely to end up in carving a place for itself as a niche product VanEck s proposed product will invest in certain Bitcoin Instruments through the Subsidiary and the investment in that subsidiary is likely to be limited to 25 of the portfolio thus meaningfully lowering the risks
After VanEck ETF Firm REX also planned a new fund that will invest in bitcoin based derivatives There are two products filed by REX namely REX Bitcoin Strategy ETF and REX Short Bitcoin Strategy ETF The ticker codes and expense ratios of those funds are yet to be disclosed
As per the long fund seeks to achieve its investment objective under normal circumstances by obtaining investment exposure to an actively managed portfolio of financial instruments providing long exposure to movements in the value of bitcoin together with an actively managed portfolio of fixed income instruments while the short fund is intended to offer the negative exposure of the same asset
What Lies Ahead
The tussle between the U S Securities Exchange Commission and Winklevoss over the launch has been going on for about three years In fact the the proposal for the Bitcoin ETF multiple times
However it looks like that the SEC may approve a fund in the coming days given rising pressure from issuers Plus the Russian government is also expected to make cryptocurrencies legal financial instruments in 2018 as per Minneapolis Fed President Neel Kashkari pointed to the strength of the supporting bitcoin
Among other interested candidates the CBOE has teamed up with Gemini the bitcoin exchange backed by investors Cameron and Tyler Winklevoss in order to launch cryptocurrency derivatives trading
Bitcoin s Impact on the ETF World
While it is still unclear if we will get a bitcoin ETF soon the sheer success of the cryptocurrencies should benefit semiconductor ETFs like iShares PHLX Semiconductor ETF and VanEck Vectors Semiconductor ETF This is because mining of cryptocurrencies needs the usage of semiconductors A Application Specific Integrated Circuit is designed explicitly for mining bitcoin
As per there was a 10 fold rise from April to June in the Ethereum market which helped shares of Nvidia Corp NASDAQ NVDA and Advanced Micro Devices Inc NASDAQ AMD substantially read
On the other hand since some view the currency as digital gold bitcoin trading may snatch some buyers from SPDR Gold Trust V GLD Bitcoin s un correlated nature to the other asset classes and strong momentum may hurt GLD NYSE GLD in the current scenario
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AMD | Why Advanced Micro Devices AMD Could Shock The Market Soon | It can be very difficult to find companies that are both flying under the radar and still might have potential for gains Many times stocks are off investors radar screens for a reason though there are some hidden gems that could be worth uncovering by those with a high risk tolerance One way to find these underappreciated stocks is by looking at companies that haven t seen their share prices move higher lately but have observed analysts raising earnings estimates for their stock This trend could signal that investors haven t quite embraced the rising estimate story yet but that the potential for a big move higher is definitely there One such company that looks well positioned for a solid gain but has been overlooked by investors lately is Advanced Micro Devices Inc NASDAQ AMD This Electronics Semiconductors stock has actually seen estimates rise over the past month for the current fiscal year by about 28 6 But that is not yet reflected in its price as the stock lost 10 6 over the same time frame Advanced Micro Devices Inc Price and Consensus This year s significant earnings growth expectation over the prior year should ultimately translate into price appreciation And if this isn t enough AMD currently carries a Zacks Rank 2 Buy which further underscores the potential for its outperformance See the performance of Zacks portfolios and strategies here You can see So if you are looking for a stock flying under the radar that is well equipped to bounce down the road make sure to consider Advanced Micro Devices Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for AMD and that now might be an interesting buying opportunity 4 Surprising Tech Stocks to Keep an Eye On Tech stocks have been a major force behind the market s record highs but picking the best ones to buy can be tough There s a simple way to invest in the success of the entire sector Zacks has just released a Special Report revealing one thing tech companies literally cannot function without More importantly it reveals 4 top stocks set to skyrocket on increasing demand for these devices I encourage you to get the report now before the next wave of innovations really takes off |
T | Why Is AT T T Down 8 2 Since Its Last Earnings Report | It has been about a month since the last earnings report for AT T Inc NYSE T Shares have lost about 8 2 in that time frame
Will the recent negative trend continue leading up to its next earnings release or is T due for a breakout Before we dive into how investors and analysts have reacted as of late let s take a quick look at its most recent earnings report in order to get a better handle on the important catalysts AT T Misses on Q1 Earnings Revenues Reiterates ViewAT T reported mixed first quarter 2018 results with the top and the bottom lines missing the respective Zacks Consensus Estimate despite solid prepaid phone gains record low first quarter postpaid phone churn and continued DIRECTV NOW subscriber growth Net IncomeOn a GAAP basis AT T reported net income of 4 662 million or 75 cents per share compared with 3 469 million or 56 cents per share in the year ago quarter Excluding non recurring items adjusted earnings were 85 cents per share compared with 74 cents in the year earlier quarter The figure however missed the Zacks Consensus Estimate of 87 cents RevenuesConsolidated revenues decreased 3 4 year over year to 38 038 million primarily due to decline in legacy services adverse impact of the transition of video from linear to over the top services and divesture of low margin businesses Revenues also missed the Zacks Consensus Estimate of 39 452 million Of the total Services revenues were 33 646 million down 7 7 year over year Equipment revenues were 4 392 million up 51 Segmental PerformanceBusiness Solutions Total revenues were 9 185 million down 5 2 year over year due to adoption of new accounting standards that deal with revenue recognition Of this Wireless service revenues totaled 1 791 million down 10 6 year over year owing to the impact of revenue recognition and customer shifts to unlimited data plans Wireless Equipment revenues totaled 578 million compared with 288 million in the prior year quarter Strategic services revenues were 3 138 million up 5 5 due to solid performance in VPNs Ethernet cloud hosting IP conferencing voice over IP dedicated internet IP broadband and security services Legacy voice and data services contributed 2 839 million declining 20 as customers moved to upgraded products Other service equipment generated 839 million down 4 4 Operating income was 2 085 million compared with 2 187 million in the year ago quarter largely due to decline in legacy services higher FirstNet expenses and higher wireless sales costs Operating margin was 22 7 compared with 22 6 in the prior year quarter EBITDA was 3 547 million compared with 3 652 million in the year ago quarter for respective margins of 38 6 and 37 7 Entertainment Group Total revenues grossed 11 577 million down 8 1 year over year as performance of all businesses was relatively poor Video entertainment revenues were 8 359 million down 7 3 due to a decline in linear TV subscribers High Speed Internet revenues were 1 878 million down 3 2 led by legacy DSL decline simplified pricing and bundle discount Legacy voice and data services contributed 819 million down 20 6 Equipment and Other service generated 521 million down 14 4 Operating income was 1 326 million in the reported quarter compared with 1 576 million in the prior year quarter leading to respective margins of 11 5 and 12 5 EBITDA was 2 638 million compared with 2 996 million in the year ago quarter for respective margins of 22 8 and 23 8 The year over year decrease in margins were primarily due to TV content cost pressure decline in legacy services fewer linear subscribers and new video platform expensesConsumer Mobility Total revenues were 14 986 million up 1 2 year over year driven by higher postpaid equipment sales up 44 1 to 3 374 million partially offset by lower postpaid service revenues down 6 8 to 11 612 million Operating income was 4 655 million up 2 8 year over year for margins of 31 1 compared with 30 6 in the prior year quarter EBITDA was 6 462 million compared with 6 246 million in the year ago quarter for respective margins of 43 1 and 42 2 The year over year improvement in margins was largely due to higher volume and cost efficiencies International Total revenues were 2 025 million up 5 year over year owing to solid performance in Mexico Video entertainment revenues were 1 354 million up 1 while Wireless service revenues were 404 million down 14 9 due to a shutdown of a wholesale business in fourth quarter 2017 Wireless equipment revenues were 267 million up 136 3 driven by higher market penetration Operating loss in this segment was 111 million compared with a loss of 120 million in the year ago quarter due to continued investment in customer acquisition and higher depreciation EBITDA was 221 million compared with 170 million in the year ago quarter for respective margins of 10 9 and 8 8 largely driven by continued margin expansion in Latin America Cash Flow LiquidityAT T generated 8 947 million of cash from operations in first quarter 2018 compared with 8 965 million in the prior year quarter Free cash flow in the reported quarter was 2 829 million compared with 2 950 million in the year ago quarter At quarter end AT T had 48 872 million of cash and cash equivalents with long term debt of 133 724 million GuidanceAT T reiterated its earlier guidance for 2018 The company continues to expect earnings of 3 50 per share on an adjusted basis with free cash flow of about 21 billion Capital expenditures are expected at around 25 billion The company expects to gain 23 billion of net reimbursements from the FirstNet Project which includes 1 billion of incremental tax reform investments
How Have Estimates Been Moving Since Then
It turns out fresh estimates have trended downward during the past month There has been one revision higher for the current quarter compared to eight lower AT T Inc Price and Consensus VGM Scores
At this time T has an average Growth Score of C though it is lagging a lot on the momentum front with an F The stock was allocated a grade of A on the value side putting it in the top 20 for this investment strategy
Overall the stock has an aggregate VGM Score of C If you aren t focused on one strategy this score is the one you should be interested in
Our style scores indicate that the stock is more suitable for value investors than growth investors
Outlook
Estimates have been broadly trending downward for the stock and the magnitude of these revisions indicates a downward shift Interestingly T has a Zacks Rank 3 Hold We expect an in line return from the stock in the next few months |
T | Report Facebook paying millions for Lynch reality show | Following on the weekend report that Facebook FB 0 3 might spend 1B on filling up its video service tab sports site Bleacher Report TWX 0 4 says the social network is paying it millions for a reality show about the NFL s Marshawn Lynch No Script about the Oakland Raiders running back is commanding some top dollars particularly compared to early reports about Facebook s spending plans 10 000 35 000 for short form shows and up to 250K for longer shows The show starts streaming this month and will consist of eight episodes of 10 15 minutes each Facebook will hold rights through an exclusivity period before Bleacher Report can shop it elsewhere Now read |
PFE | Top Stock Picks For The Week Of May 23rd | Pfizer Inc NYSE PFE is a research based global pharmaceutical company that discovers develops manufactures and markets medicines for humans and animals The Company s diversified global healthcare portfolio includes human and animal biologic and small molecule medicines and vaccines as well as nutritional products and consumer healthcare products Pfizer s Animal Health business unit discovers develops and sells products for the prevention and treatment of diseases in livestock and companion animals It sells its products to wholesalers distributors retailers hospitals clinics government agencies pharmacies individual provider offices veterinarians livestock producers and grocery and convenience stores Pfizer Inc is headquartered in New York
KB Home KBH is a builder of single family homes with domestic operations in several western states and international operations in France Domestically the company builds innovatively designed homes which cater primarily to first time homebuyers generally in medium sized developments close to major metropolitan areas Internationally the company also builds commercial projects and high density residential properties such as condominium complexes |
AMD | Nvidia NVDA Hits All Time High After Strong AMD Earnings | During the first trading period after AMD s NASDAQ AMD impressive Q2 earnings announcement graphics chip competitor Nvidia NASDAQ NVDA touched a new all time high in morning trading Wednesday
Shares of Nvidia surged as high as 169 93 in morning hours which marked a 2 78 gain from Tuesday s close The stock slumped back down a bit by early afternoon but today s price action underscores the strength of the graphics chip market which was on display in AMD s latest report
AMD surpassed the Zacks Consensus Estimates for earnings and revenue notching year over year sales growth of 19 in the process The highlight of the report was the company s staggering 51 growth in its computing and graphics unit and although this was boosted by sales of the new Ryzen GPUs graphics demand was strong as well
Also read
Our second quarter results demonstrate strong growth driven by leadership products and focused execution said AMD CEO Dr Lisa Su Our Ryzen desktop processors Vega GPUs and EPYC datacenter products have received tremendous industry recognition
A strong graphics chip market should be encouraging news for investors as we head towards Nvidia s second quarter report in the coming weeks Nvidia has shifted towards a machine learning and AI focus recently but the company still brings in plenty of revenue on the consumer level where it directly competes with AMD in the gaming market
While AMD s success might mean that Nvidia has lost some market share it is likely a positive indicator of rising overall demand On top of video gaming Nvidia and AMD have benefitted from the astronomical rise of bitcoin and ethereum over the past year as more and more people build powerful machines using high end graphics chips to mine these cryptocurrencies
Looking ahead our current consensus estimates are calling for Nvidia to post EPS growth of 60 and revenue growth of 37 this quarter These impressive growth rates have helped the stock earn a B grade for Growth in our Style Scores system and they ve contributed to Nvidia s status as one of the most popular growth picks on Wall Street right now
NVDA has also been a scorching hot momentum stock with shares gaining more than 190 over the past year In 2017 alone NVDA has soared nearly 60 making it one of the year s hottest stocks
Furthermore the company has put together quite the earnings track record surpassing the Zacks Consensus Estimate by an average of 27 in each of the trailing four quarters This should give investors even more confidence in this Zacks Rank 1 Strong Buy stock as we approach its earnings report date
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The Hottest Tech Mega Trend of All
Last year it generated 8 billion in global revenues By 2020 it s predicted to blast through the roof to 47 billion Famed investor Mark Cuban says it will produce the world s first trillionaries but that should still leave plenty of money for regular investors who make the right trades early |
AMD | Qorvo QRVO Beats On Q1 Earnings Revenues Decline Y Y | Qorvo Inc NASDAQ QRVO reported first quarter fiscal 2018 non GAAP earnings of 71 cents per share including stock based compensation which beat the Zacks Consensus Estimate by a dime Earnings excluding stock based compensation were 87 cents per share which plunged 19 4 from the year ago quarter and was within the company s guided range of 70 90 cents Revenues declined 8 3 year over year to 639 9 million which beat the Zacks Consensus Estimate of 629 million Further the figure was within management s guided range of 610 650 million Samsung KS 005930 was one of the 10 customers in the quarter Management now expects top line to grow in the range of 4 5 down from its previous expectation of double digit year over year growth The company cited weakness in China in the first half of the fiscal which will be offset by double digit year over year growth in the second half Qorvo Inc Price Consensus and EPS Surprise Qorvo stated that demand environment in China is improving which is positively impacting channel inventory However mix remains a drag as consumers are favoring lower content phones witnessed so far in the cycle Notably Qorvo s shares have gained 26 8 underperforming the 31 1 rally of the it belongs to Quarter DetailsSegment wise Infrastructure and Defense IDP revenues grew 22 year over year to 184 million The strong growth reflects improving demand for the company s solutions in high growth markets The company noted that customer demand for high powered BAW for the 3 5 gigahertz band for 5G massive MIMO antennas remained strong in the reported quarter Management stated that sales opportunities continue to expand Launch of the new products like GaN silicon carbide 5G front end module for the 39 gigahertz frequency band industry s first and portfolio of ultra high performance 28 gigahertz solutions is helping in the development of 5G technology Defense business was strong in the quarter driven by GaN and BAW which increased more than 25 Qorvo achieved growth from multiyear defense contracts supporting programs like F 15 16 and the F 35 Revenues from the largest defense customer more than doubled on a year over year basis In Wi Fi solutions market IDP revenues grew more than 50 from the year ago quarter During the quarter Qorvo launched new BAW filters which are half the size of earlier solutions Mobile Products MP revenues were 456 million in line with the management s expectations Huawei comprised almost 30 of the mobile revenues in the quarter Based on the expanding portfolio Qorvo is strengthening its footprint in the IoT marketplace The company s M2M solutions are now supporting a diverse range of applications like automotive asset tracking meter reading agricultural industrial and the large bicycle sharing services in China During the quarter Qorvo s solutions power amplifiers premium filters high performance switches BAW5 Wi Fi FEMs were selected by the likes of OPPO Xiaomi LG ZTE and Nokia NYSE NOK Qorvo launched a broad family of premium BAW 5 filters and quadplexers that are critical for enabling the continued proliferation of carrier aggregation and high performance Wi Fi The company has already started shipping the next generation antenna tuners Management noted that growing demand for more functional and high performance smartphones will drive growth of its solutions like BAW filters envelope tracking switching antenna tuning and amplifiers in the long haul Operational DetailsNon GAAP gross margin contracted 90 basis points bps from the year ago quarter to 47 3 Non GAAP research development R D as percentage of revenues increased 140 bps from the year ago quarter to 17 3 Selling general administrative SG A expenses as percentage of revenues increased 30 bps to 8 6 As a result non GAAP operating margin contracted 260 bps to 21 5 Balance Sheet Cash FlowAs of Jul 1 cash and cash equivalents were 512 6 million compared with 545 5 million as of Apr 1 Long term debt was 989 4 million as compared with 989 2 million at the end of the previous quarter Net cash provided by operating activities was 104 million down from 247 1 million in the previous quarter Capital expenditures also declined sequentially to 124 million Management stated that this will continue to decline the company s wrap up recent expansions tool conversions and other investments to support future growth Further Qorvo has returned 32 million to shareholders under its ongoing 500 million repurchase program GuidanceFor the second quarter of fiscal 2018 Qorvo forecasts strong sequential revenue growth primarily on the strength of mobile content gains on marquee platforms modest improvements in the Chinese market and continued strength in IDP Qorvo expects non GAAP revenues in first quarter fiscal 2018 to be approximately 800 820 million a 27 sequential increase at the mid point The guidance reflects seasonal effects at the company s largest customer and modest improvements in the China market with continued strength in IDP Qorvo anticipates gross margin of approximately 47 8 up 50 bps from the prior quarter Management expects operating expense to remain flat sequentially Earnings are expected to be 1 43 per share Qorvo forecasts revenues to strengthen from the September second quarter fiscal 2018 to December third quarter fiscal 2018 followed by a seasonal decline in March but less than normal seasonal decline Management projects double digit year over year growth in the second half with a stronger China market gains on new mobile platforms and continued above market IDP growth The company anticipates operating expense efficiency to continue to improve and forecast operating expenses to be approximately between 20 and 21 of revenues for the year The company is confident that it will achieve its target of 30 operating margin during the fiscal year Capital expenditure is currently forecast to decline to less than 300 million The company expects free cash flow to triple over fiscal 2017 Qorvo intends to outperform the market expand annual operating margins of 10 points by fiscal year 2020 and has plans to generate substantially more free cash flow on stronger operating results and lower capital intensity going forward Stocks to ConsiderQorvo carries a Zacks Rank 3 Hold Applied Optoelectronics NASDAQ AAOI and Advanced Micro Devices NASDAQ AMD are stocks worth watching in the broader industry While Applied Optoelectronics sports a Zacks Rank 1 Strong Buy AMD carries a Zacks Rank 2 Buy You can see Long term earnings growth for Applied Optoelectronics and AMD are currently pegged at 18 75 and 6 25 respectively More Stock News Tech Opportunity Worth 386 Billion in 2017From driverless cars to artificial intelligence we ve seen an unsurpassed growth of high tech products in recent months Yesterday s science fiction is becoming today s reality Despite all the innovation there is a single component no tech company can survive without Demand for this critical device will reach 387 billion this year alone and it s likely to grow even faster in the future Zacks has released a brand new Special Report to help you take advantage of this exciting investment opportunity Most importantly it reveals 4 stocks with massive profit potential |
AMD | Bitcoin Soars To Record High Fork Futures And ETFs Explained | Bitcoin soared to a new high above 3 400 today more than tripling in value from around 997 at the start of the year The digital currency now has a market value exceeding 55 billion Total value of all cryptocurrencies is more than 116 billion now per coinmarketcap com
Bitcoin is up more than 22 over the past week thanks mainly to a smooth split in the cryptocurrency into bitcoin and bitcoin cash Other cryptocurrencies have also surged of late
Bitcoin s closest rival ether has risen more than 37 over the past week and about 3 300 year to date It has a market value exceeding 25 billion The surge in cryptocurrencies has also boosted Nvidia and AMD stocks as their chips are used for cryptocurrency mining
Below is the year to date bitcoin price chart from CoinDesk
Hard Fork Creates Bitcoin Cash
The two year old conflict over how to expand bitcoin s processing capacity in order to meet increased demand finally came to a resolution On August 1 a new version of the digital currency Bitcoin Cash was created after the so called hard fork or split Read
Bitcoin transactions are grouped into blocks limited to one megabyte in size resulting in a limit of seven transactions per second This had slowed trading and resulted in higher fees
Bitcoin cash will be processed in eight megabyte units and the network would be able to process more than 50 transactions per second It has mainly been backed by some miners in China
Major exchanges have so far not supported bitcoin cash Coinbase the leading cryptocurrency exchange initially said they would not support it but later that they are planning to have support for bitcoin cash by January 1 2018 assuming no additional risks emerge during that time
After inception bitcoin cash soared and then fell in a very volatile day of trading It is currently trading around 269 and has a market value of 4 4 billion Read
CBOE to Lunch Bitcoin Derivatives
Last week CBOE entered into an agreement with Gemini Trust the bitcoin exchange run by Winklevoss twins to use data for bitcoin derivatives products According to the the exchange plans to launch cash settled bitcoin futures in the fourth quarter of 2017 or early 2018 pending regulatory approval
CBOE could also consider bitcoin options Given bitcoin s extreme volatility these derivatives could become quite popular with investors if the plan wins regulatory approval
Bitcoin and Ether ETFs Under SEC Review
Earlier this year the SEC had rejected the ETF proposed by Winklevoss twins but they are now reviewing the decision again This was not the only bitcoin ETF there were two more going through the regulatory approval process
Another bitcoin ETF proposed by SolidX Management was also rejected in March The third one proposed by Grayscale s Bitcoin Investment Trust GBTC is being reviewed Read
The SEC is also reviewing an ether ETF proposal filed by the backers of the EtherIndex Ether Trust
The Bottom Line
Love them or hate them you cannot ignore digital currencies The development of is an important financial innovation These currencies are assuming a greater role as medium of exchange and store of value and their importance will grow immensely in the coming years
At the same time while the market for digital currencies is slowly becoming more mature investors should be prepared to stomach violent price swings
Will You Make a Fortune on the Shift to Electric Cars
Here s another stock idea to consider Much like petroleum 150 years ago lithium power may soon shake the world creating millionaires and reshaping geo politics Soon electric vehicles EVs may be cheaper than gas guzzlers Some are already reaching 265 miles on a single charge With battery prices plummeting and charging stations set to multiply one company stands out as the 1 stock to buy according to Zacks research It s not the one you think See This Ticker Free |
AMD | The Zacks Analyst Blog Highlights Nvidia AMD And Bitcoin Investment Trust | For Immediate ReleaseChicago IL August 08 2017 Zacks com announces the list of stocks featured in the Analyst Blog Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets Stocks recently featured in the blog include Nvidia NASDAQ NASDAQ NVDA AMD NASDAQ NASDAQ AMD and Bitcoin Investment Trust OTCMKTS OTC GBTC Today Zacks is promoting its Buy stock recommendations Here are highlights from Monday s Analyst Blog Bitcoin Soars to Record Fork Futures and ETFs ExplainedBitcoin soared to a new high above 3 400 today more than tripling in value from around 997 at the start of the year The digital currency now has a market value exceeding 55 billion Total value of all cryptocurrencies is more than 116 billion now per Bitcoin is up more than 22 over the past week thanks mainly to a smooth split in the cryptocurrency into bitcoin and bitcoin cash Other cryptocurrencies have also surged of late Bitcoin s closest rival ether has risen more than 37 over the past week and about 3 300 year to date It has a market value exceeding 25 billion The surge in cryptocurrencies has also boosted Nvidia NASDAQ and AMD NASDAQ stocks as their chips are used for cryptocurrency mining Hard Fork Creates Bitcoin Cash The two year old conflict over how to expand bitcoin s processing capacity in order to meet increased demand finally came to a resolution On August 1 a new version of the digital currency Bitcoin Cash was created after the so called hard fork or split Read Bitcoin transactions are grouped into blocks limited to one megabyte in size resulting in a limit of seven transactions per second This had slowed trading and resulted in higher fees Bitcoin cash will be processed in eight megabyte units and the network would be able to process more than 50 transactions per second It has mainly been backed by some miners in China Major exchanges have so far not supported bitcoin cash Coinbase the leading cryptocurrency exchange initially said they would not support it but later that they are planning to have support for bitcoin cash by January 1 2018 assuming no additional risks emerge during that time After inception bitcoin cash soared and then fell in a very volatile day of trading It is currently trading around 269 and has a market value of 4 4 billion Read CBOE to Lunch Bitcoin DerivativesLast week CBOE entered into an agreement with Gemini Trust the bitcoin exchange run by Winklevoss twins to use data for bitcoin derivatives products According to the the exchange plans to launch cash settled bitcoin futures in the fourth quarter of 2017 or early 2018 pending regulatory approval CBOE could also consider bitcoin options Given bitcoin s extreme volatility these derivatives could become quite popular with investors if the plan wins regulatory approval Bitcoin and Ether ETFs Under SEC ReviewEarlier this year the SEC had rejected the ETF proposed by Winklevoss twins but they are now reviewing the decision again This was not the only bitcoin ETF there were two more going through the regulatory approval process Another bitcoin ETF proposed by SolidX Management was also rejected in March The third one proposed by Grayscale s Bitcoin Investment Trust OTCMKTS is being reviewed Read The SEC is also reviewing an ether ETF proposal filed by the backers of the EtherIndex Ether Trust The Bottom LineLove them or hate them you cannot ignore digital currencies The development of cryptocurrencies is an important financial innovation These currencies are assuming a greater role as medium of exchange and store of value and their importance will grow immensely in the coming years At the same time while the market for digital currencies is slowly becoming more mature investors should be prepared to stomach violent price swings Will You Make a Fortune on the Shift to Electric Cars Here s another stock idea to consider Much like petroleum 150 years ago lithium power may soon shake the world creating millionaires and reshaping geo politics Soon electric vehicles EVs may be cheaper than gas guzzlers Some are already reaching 265 miles on a single charge With battery prices plummeting and charging stations set to multiply one company stands out as the 1 stock to buy according to Zacks research It s not the one you think See This Ticker Free About Zacks Equity ResearchZacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long term Continuous coverage is provided for a universe of 1 150 publicly traded stocks Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance Recommendations and target prices are six month time horizons Strong Stocks that Should Be in the NewsMany are little publicized and fly under the Wall Street radar They re virtually unknown to the general public Yet today s 220 Zacks Rank 1 Strong Buys were generated by the stock picking system that has nearly tripled the market from 1988 through 2015 Its average gain has been a stellar 26 per year Follow us on Twitter Join us on Facebook NASDAQ FB Zacks Investment Research is under common control with affiliated entities including a broker dealer and an investment adviser which may engage in transactions involving the foregoing securities for the clients of such affiliates Media ContactZacks Investment Research800 767 3771 ext 9339Past performance is no guarantee of future results Inherent in any investment is the potential for loss This material is being provided for informational purposes only and nothing herein constitutes investment legal accounting or tax advice or a recommendation to buy sell or hold a security No recommendation or advice is being given as to whether any investment is suitable for a particular investor It should not be assumed that any investments in securities companies sectors or markets identified and described were or will be profitable All information is current as of the date of herein and is subject to change without notice Any views or opinions expressed may not reflect those of the firm as a whole Zacks Investment Research does not engage in investment banking market making or asset management activities of any securities These returns are from hypothetical portfolios consisting of stocks with Zacks Rank 1 that were rebalanced monthly with zero transaction costs These are not the returns of actual portfolios of stocks The S P 500 is an unmanaged index Visit for information about the performance numbers displayed in this press release |
T | Crown Castle CCI Down 3 4 Since Earnings Report Can It Rebound | A month has gone by since the last earnings report for Crown Castle International Corporation NYSE CCI Shares have lost about 3 4 in that time frame
Will the recent negative trend continue leading up to its next earnings release or is CCI due for a breakout Before we dive into how investors and analysts have reacted as of late let s take a quick look at its most recent earnings report in order to get a better handle on the important drivers Crown Castle Posts Solid Q1 Earnings Raises OutlookCrown Castle s first quarter 2018 AFFO per share of 1 36 exceeded the Zacks Consensus Estimate of 1 34 It also compared favorably with the year ago tally of 1 24 per share Results reflect increase in site rental revenues The company continues to benefit from its extensive tower portfolio high demand for infrastructure and slew of fiber operator buyouts Also the company raised its outlook for 2018 Net revenues for the quarter amounted to 1 29 billion and marked year over year growth of 27 9 However the figure narrowly missed the Zacks Consensus Estimate of 1 31 billion Site rental revenues were 1 153 million up 34 5 year over year that included organic growth as well as contributions from acquisitions and other items Particularly site rental revenues in the quarter experienced a 12 million benefit due to a long term agreement signed with AT T Inc NYSE T that includes contracted new leasing activity across towers and small cells However Network Services revenues came in at 146 million down 8 2 year over year Operating MetricsQuarterly operating income jumped 36 9 from the prior year quarter to 349 million Operating expenses also escalated 24 8 year over year to 950 million Quarterly adjusted EBITDA was approximately 763 million representing year over year increase of 31 3 Cash Flow and LiquidityCrown Castle exited the first quarter with cash and cash equivalents of 220 million down from 314 million reported at the end of the prior quarter Further as of Mar 31 2018 the company generated 452 million of net cash from operating activities compared with 442 million in the year ago period Total debt and other long term obligations aggregated approximately 15 616 million down from 16 044 million at the end of 2017 Dividend PayoutDuring the reported quarter Crown Castle paid common stock dividend of 1 05 per common share up approximately 11 from the year earlier quarter Q2 OutlookFor second quarter 2018 Crown Castle expects site rental revenues in the range of 1 153 1 163 million Site Rental cost of operation is projected at 348 358 million Adjusted EBITDA is estimated in the range of 757 767 million Interest expense inclusive of amortization is estimated in the 154 164 million range Meanwhile FFO is anticipated in the 496 506 million band while AFFO is projected at 539 549 million 2018 OutlookCrown Castle raised its outlook for full year 2018 The company expects site rental revenues in the range of 4 639 4 684 million denoting a projected increase of 57 million at the mid point from the prior issued outlook Adjusted EBITDA is anticipated in the band of 3 097 3 142 million reflecting an uptick of 48 million at the mid point In addition AFFO is guided in the band of 2 255 2 300 million marking a rise of 36 million at the mid point
How Have Estimates Been Moving Since Then
In the past month investors have witnessed a downward trend in fresh estimates There has been one revision higher for the current quarter compared to three lower Carnival LON CCL Corporation Price and Consensus VGM Scores
At this time CCI has an average Growth Score of C though it is lagging a bit on the momentum front with a D The stock was also allocated a grade of D on the value side putting it in the bottom 40 for this investment strategy
Overall the stock has an aggregate VGM Score of D If you aren t focused on one strategy this score is the one you should be interested in
The company s stock is suitable solely for growth based on our styles scores
Outlook
Estimates have been broadly trending downward for the stock and the magnitude of these revisions indicates a downward shift Notably CCI has a Zacks Rank 3 Hold We expect an in line return from the stock in the next few months |
T | Cowboys control Giants in 19 3 win | The Sports Xchange Ezekiel Elliott made his presence felt but the Dallas Cowboys defense made a greater impact as it shut down the New York Giants in the season opener on Sunday night The Cowboys limited the Giants to 233 total yards paving the way for Dallas 19 3 victory on Sunday night at AT T NYSE T Stadium Elliott playing after an injunction filed against the NFL allowed him to start the season despite a six game suspension rushed for 104 yards on 24 carries The Cowboys didn t score in the second half until 1 55 remaining in the fourth quarter Dan Bailey booted his fourth field goal from 36 yards for the game s final points The lack of second half offense didn t matter after Dallas controlled the first half on the way to a 16 0 halftime lead The Giants opened the second half with a 68 yard drive that more than doubled their total yards to that point New York reached the Dallas 4 yard line before Charles Tapper sacked Eli Manning for a 9 yard loss causing the Giants to settle for Aldrick Rosas 25 yard field goal That ended up being New York s most successful drive of the game Anthony Brown intercepted a Manning pass at the Cowboys 48 yard line midway through the fourth quarter to set up Dallas final scoring drive Jason Witten had a productive first half as the Cowboys tight end became the team s career receiving yards leader and scored Dallas first touchdown of the season Quarterback Dak Prescott tossed to Witten for an 11 yard gain in the second quarter that brought Witten s career total to 11 890 receiving yards passing Michael Irvin s previous team record of 11 888 Witten then capped a touchdown drive late in the first half Prescott hit the tight end on a slant pass for a 12 yard score that put Dallas ahead 13 0 with 1 41 left in the second quarter Witten finished the first half with six receptions for 49 yards and he ended the game with seven catches for 59 yards The Dallas defense dominated the first half holding New York to 50 yards of total offense and just two first downs
Without Odell Beckham Jr who sustained a left ankle injury in the preseason and missed the Sunday game Manning passed for 33 yards in the first half Dallas forced one final three and out before the break that allowed the Cowboys offense to move in for Bailey s third field goal this one from 42 yards Bailey also made kicks from 21 and 48 yards in the half Prescott completed 24 of 39 passes for 268 yards one touchdown and no interceptions Manning was 29 of 38 for 220 yards and one interception |
T | Global shares return to record high as Irma loses strength | By Marc Jones LONDON Reuters World shares returned to a record high on Monday on relief that hurricane Irma looked to be losing strength in the United States and that North Korea s anniversary celebrations at the weekend passed without any new missile test MSCI All Country World Index MIWD00000PUS which tracks roughly 2 400 stocks in 47 countries climbed a new peak as Europe s insurers jumped 2 2 percent SXIP on hopes Irma would not prove as costly as feared The relief over North Korea and a weaker yen had also given Tokyo N225 its best session since June in Asia T as investors began to lose their appetite for safer assets like gold and U S Treasuries US10YT RR Irma caused a number of deaths and knocked out electricity to 3 million homes and businesses on its way up the Florida coast But it had weakened to a category one hurricane and was expected to slow into a tropical storm during the day and to a tropical depression by Tuesday Winning a reprieve from risk aversion the dollar DXY registered its biggest gains in the currency markets in 10 days It added 0 5 percent against its perceived safe haven Japanese counterpart the yen and clawed back ground against the high flying euro as an ECB policymaker flagged caution about the single currency s recent rise The good news was that the eye of Hurricane Irma took a path west of Miami and has since weakened to a Category 1 storm so that damage in Florida whilst still severe appears not to be quite as catastrophic as had been feared last week said Daiwa Capital Markets strategist Chris Scicluna And thankfully there was no bad weekend news out of North Korea either Japan s Nikkei N225 had risen 1 4 percent after Pyongyang held a massive celebration to congratulate the nuclear scientists and technicians who steered the country s sixth and largest nuclear test a week earlier The United States and its allies had been bracing for another long range missile launch to mark the 69th anniversary of North Korea s founding on Saturday The sense of relief lifted E Mini futures for the S P 500 ESc1 by 0 5 percent while yields on 10 year Treasury notes rose 3 basis points to 2 09 percent US10YT RR barely budging in European trading South Korea s main index KS11 added 0 8 percent while MSCI s broadest index of Asia Pacific shares outside Japan MIAPJ0000PUS gained 0 4 percent It s too early to say the North Korean risks are gone but one thing for sure is that market players now think the situation won t get worse as it did some weeks ago said Lee Kyung min a stock analyst at Daishin Securities in Seoul Lee said many foreign investors and domestic institutions were purchasing South Korean tech and chemicals shares as quarterly earning season neared The dollar hovered at 108 50 yen up from Friday s 10 month trough of 107 32 Against a basket of currencies it added 0 15 percent to 91 490 DXY still close to last week s 2 1 2 year low of 91 011 The euro eased to 1 2020 having hit a top of 1 2092 on Friday amid speculation the European Central Bank was closer to starting a wind back of its stimulus programme ECB officials last week generally agreed their next move would be to cut their bond purchases and discussed a range of options Reuters reported RELAXED YUAN CONTROLS China s central bank was also a focus in Asia after sources said it planned to scrap reserve requirements for financial institutions settling foreign exchange forward yuan positions with effect from Monday Analysts suggested that the official confirmation suggested an anxiousness in Beijing to quash one way bets on a rise in the yuan as outflows ease and exporters face strain The removal potentially makes it easier for traders to purchase the USD easing the pressure for yuan appreciation said analysts at ANZ in a note The change likely signals some discomfort about the stronger yuan and its impact on Chinese exports The dollar was up 0 3 percent against the offshore yuan at 6 5269 yuan off a low of 6 4437 There were also reports Beijing was planning to shut down local crypto currency exchanges dealing a blow to bitcoin s recent stellar rally Bitcoin was quoted at 4 300 BTC BTSP on the BitStamp platform off a recent record high of nearly 5 000 In commodity markets gold softened 0 7 percent to 1 337 81 an ounce away from a one year peak of 1 357 54 Oil prices regained a little ground after the Saudi oil minister discussed the possible extension of a pact to cut global oil supplies beyond March 2018 with his Venezuelan and Kazakh counterparts The news of the talks on Sunday helped offset the downward pressure on oil prices amid worries that energy demand would be hit hard by Hurricane Irma U S crude was trading 36 cents firmer at 47 84 a barrel while Brent rose 22 cents to 54 00 |
PFE | The Zacks Analyst Blog Highlights Medivation Anacor Aduro Trevena And Tetraphase | For Immediate Release
Chicago IL May 20 2016 Zacks com announces the list of stocks featured in the Analyst Blog Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets Stocks recently featured in the blog include Medivation Anacor Aduro Trevena and Tetraphase
Today Zacks is promoting its Buy stock recommendations
Here are highlights from Thursday s Analyst Blog
Biotech Stock Roundup
Acquisitions and deals continue to make news in the biotech sector Pfizer NYSE PFE which is rumored to be interested in acquiring Medivation announced that it will be acquiring Anacor for about 5 2 billion Meanwhile Sanofi PA SASY remains committed to acquiring Medivation
Apart from this companies like Aduro and Trevena came out with disappointing data from mid stage studies Recap of the Week s Most Important Stories
1 Anacor s shares shot up more than 57 with the company agreeing to be acquired by Pfizer for approximately 5 2 billion The acquisition is slated to close in the third quarter Anacor has a late stage eczema treatment currently under FDA review with a response from the agency expected by Jan 7 2017 Read more
2 Aduro suffered a setback with the company failing to hit the primary endpoint in a mid stage study being conducted on its experimental pancreatic cancer immunotherapy regimen of CRS 207 and GVAX Pancreas Read more
3 Trevena also came out with disappointing news on the development front with the company saying that TRV027 failed to meet the primary as well as secondary endpoints in a mid stage study for acute heart failure AHF The company has decided to shift focus to its lead pipeline candidate oliceridine which is currently in late stage development for pain management and earlier stage programs Read more
4 Tetraphase s shares were down following an update regarding the regulatory path for its lead candidate eravacycline an antibiotic The company said that the FDA has asked it to provide data from an additional phase III study The company will be conducting two late stage studies Top line data from the pivotal complicated intra abdominal infections cIAI study are expected in the fourth quarter of 2017 assuming the study commences in the fourth quarter of 2016
The other study will be conducted in patients with complicated urinary tract infections cUTI to support label expansion
5 French drugmaker Sanofi remains committed to acquiring Medivation Last week the company filed for premerger notification regarding its intention to acquire Medivation Sanofi intends to acquire Medivation for 52 50 per share approximately 9 3 billion
Today Zacks is promoting its Buy stock recommendations
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AMD | Bartosiak Trading Advance Micro Devices AMD Earnings With Options | On Tuesday July 25th Advance Micro Devices AMD will release its second quarter earnings results after the bell The company is a Zacks Rank 3 Hold and have a Value Growth and Momentum score of C
Dave will look at AMD s past earnings take a look at what is currently going on with the company and give us his thoughts on their upcoming earnings announcement
Furthermore Dave will uncover some potential options trades for investors looking to make a play on Delta ahead of earnings
AMD in Focus
Advanced Micro Devices NASDAQ AMD Inc is a world class company with the innovation execution and vision to grow our leadership position in the industry Today s world class companies share three essential characteristics First they deliver innovative products and technologies that customers want Second they have established a proven track record of fast efficient manufacturing execution And third they have a bold vision of where to take their business and often their industry Over the course of AMD s three decades in business silicon and software have become the steel and plastic of the worldwide digital economy Technology companies have become global pacesetters making technical advances at a prodigious rate always driving the industry to deliver more and more faster and faster AMD s dedication to customer centric innovation and competitive spirit is an unbroken thread running from our early days in the integrated circuit business through an ever broadening product portfolio
AMD is expected to AMD reported earnings last quarter at 0 07 per share meeting the Zacks Consensus Estimate AMD has an average surprise of 34 09 over the last 4 quarters Advanced Micro Devices Inc Price Consensus and EPS Surprise
Bottom Line
How should investors play AMD ahead of their earnings report For insights on the best options trades then tune in at 10 00am today to see David s thoughts
More Stock News Tech Opportunity Worth 386 Billion in 2017
From driverless cars to artificial intelligence we ve seen an unsurpassed growth of high tech products in recent months Yesterday s science fiction is becoming today s reality Despite all the innovation there is a single component no tech company can survive without Demand for this critical device will reach 387 billion this year alone and it s likely to grow even faster in the future Zacks has released a brand new Special Report to help you take advantage of this exciting investment opportunity Most importantly it reveals 4 stocks with massive profit potential |
AMD | Strong Ryzen Sales Help AMD Post Q2 Earnings And Revenue Beats | Advanced Micro Devices Inc NASDAQ AMD justreleased its second quarter 2017 financial results posting a GAAP loss of 0 02 per share and revenues of 1 22 billion Currently AMD is a Zacks Rank 3 Hold and is up 8 08 to 15 25 per share in after hours trading shortly after its earnings report was released
AMD
Beat earnings estimates Adjusting for stock option expenses the company posted a loss of one cent per share beating the Zacks Consensus Estimate of a loss of one cent per share On a GAAP basis AMD reported a loss of two cents per share and on a non GAAP basis the chipmaker posted a profit of two cents per share
Beat revenue estimates The company saw revenue figures of 1 22 billion topping our consensus estimate of 1 15 billion
The chipmaker s quarterly revenue jumped 19 year over year and 24 sequentially spurred by higher revenue figures from its computing and graphics sector AMD reported operating income of 25 million but a net loss of 16 million
AMD s computing and graphics segment revenue jumped 51 year over year to 659 million which was helped demand for its Ryzen desktop processors
AMD projects revenues to increase roughly 23 sequentially plus or minus 3 for the third quarter The company expects full year revenue to jump by a mid to high teens which is up from the company s last guidance projections of low double digit revenue growth
Our second quarter results demonstrate strong growth driven by leadership products and focused execution AMD president and CEO Dr Lisa Su said in a statement
Our Ryzen desktop processors Vega GPUs and EPYC datacenter products have received tremendous industry recognition We are very pleased with our improved financial performance including double digit revenue growth and year over year gross margin expansion on the strength of our new products
Here s a graph that looks at AMD s Price Consensus and EPS Surprise history Advanced Micro Devices Inc Price Consensus and EPS Surprise Check back later for our full analysis on AMD s earnings report
More Stock News Tech Opportunity Worth 386 Billion in 2017
From driverless cars to artificial intelligence we ve seen an unsurpassed growth of high tech products in recent months Yesterday s science fiction is becoming today s reality Despite all the innovation there is a single component no tech company can survive without Demand for this critical device will reach 387 billion this year alone and it s likely to grow even faster in the future
Zacks has released a brand new Special Report to help you take advantage of this exciting investment opportunity Most importantly it reveals 4 stocks with massive profit potential |
T | AT T Elliott Wave View Calling For 3 Wave Bounce | AT T NYSE T ticker symbol T short term view suggests that the decline from 4 10 peak is unfolding as an In the impulsive structure wave 1 3 and 5 should show 5 waves internal subdivision
Down from 4 10 peak 36 39 Minor wave 1 ended in 5 waves structure at 35 02 low Minor wave 2 bounce ended at 35 82 and Minor wave 3 is in progress with subdivision of 5 waves impulsive structure in the lesser degree Down from 35 82 Minute wave i of 3 ended at 34 15 Minute wave ii of 3 ended at 35 33 Minute wave iii of 3 ended at 32 47 and Minute wave iv of 3 ended at 33 56 high
Below from there Minute wave v of 3 remains in progress Minor wave 3 has reached the minimum number of swings and target although a marginal low still can t be ruled out towards 31 54 30 92 This is the 123 6 161 8 Fibonacci extension area of v i Afterwards AT T should end the 5 waves structure in Minor wave 3 and see a Minor wave 4 bounce in 3 7 or 11 swings against 35 82 high before further downside resumes We don t like buying into the proposed bounce
AT T 1 Hour Elliott Wave Chart |
T | CNN launches daily news show on Snapchat | By Sheila Dang Reuters CNN on Monday began streaming The Update a daily show on Snapchat featuring at least five news stories each episode from reporters and bureaus around the world to attract younger viewers CNN NBC and other networks are creating more digital content to reach millennials who increasingly get their news from social media CNN had 42 million unique visitors between 18 and 34 across desktops and mobile phones in July That already makes it the top digital news source among millennials ahead of BuzzFeed and New York Times Digital according to comScore data The Update will stream daily at 6 p m ET and have both existing footage from the field and video shot exclusively for Snapchat Shares of Snapchat parent Snap Inc NYSE SNAP have fallen 44 percent from their closing price on March 2 their first day of trading Some investors have questioned the company s ability to vie for users and advertising dollars with rivals like Facebook NASDAQ FB Inc s Instagram which has similar features CNN was an original content partner for Discover a Snapchat feature that was introduced in January 2015 and lets users watch stories from publishers The Update is CNN s first show on Snapchat It follows NBC s Stay Tuned news program which has drawn more than 29 million unique total viewers since its launch last month Snap confirmed Axios first reported the viewership numbers More than 60 percent of the Stay Tuned audience is under 25 and more than 40 percent watched the show at least three days a week showing potential for publishers to reach a key younger audience on Snapchat
CNN is owned by Turner Broadcasting a unit of Time Warner Inc NYSE TWX whose planned sale to AT T Inc NYSE T is under regulatory review |
T | America Movil announces roaming agreement with AT T for Mexico users | MEXICO CITY Reuters America Movil s Telcel unit and AT T have reached an agreement regarding roaming services in Mexico America Movil announced on Wednesday Under the agreement Mexican mogul Carlos Slim s America Movil MX AMXL will offer AT T N T roaming services for its users in Mexico America Movil said Telefonica MC TEF the country s other major carrier already receives such services from America Movil Mexico s Supreme Court handed America Movil a major victory last week finding that it should not be barred by law from charging its rivals interconnection fees
The ruling weakened a pillar of the 2014 telecommunications reform intended to lessen the dominance of America Movil Latin America s largest telecommunications firm by number of subscribers |
T | Millions push Game of Thrones finale to HBO ratings record | HBO TWX 0 1 flagship series Game of Thrones easily reached yet another ratings high and set network records with its seventh season finale Sunday The show drew 12 1M viewers as it aired the most watched episode in HBO history That s up 36 over last year s season 6 finale and up 13 from a previous linear viewership high from two weeks ago Counting night of streams the show drew 16 5M viewers Delayed viewing will add millions more Overall despite news dominated this year by episode leaks and security breaches GoT season 7 has been very good to HBO with ratings up 20 overall in total numbers as well as the key 18 49 demographic The finale was its longest ever approaching a hour and a half after years of mostly hourlong episodes A final season of just six episodes likely also longer than average is expected by many next year though a lengthy shooting schedule makes it also possible that the final season is delayed further Now read |
T | NFL Pre season game canceled in wake of Houston flooding | The Sports Xchange Thursday night s preseason game between the Houston Texans and Dallas Cowboys at AT T NYSE T Stadium was canceled by the NFL on Wednesday to allow Houston players to return home to be with their families after the catastrophic flooding in Houston The decision came days after the game was moved from Houston s NRG Stadium to the Cowboys stadium in Arlington because of the massive flooding in the wake of Hurricane Harvey Hurricane Harvey hit Texas hard with some areas of Houston getting a record setting 51 inches of rain At least 10 000 people have been rescued from their homes with the death toll climbing to at least 30 An estimated 30 000 to 40 000 homes have been destroyed in the Houston area as Hurricane Harvey now a tropical storm continues to batter the Gulf Coast with torrential rains and flooding The Texans have been in the Dallas area since early Sunday morning after flying directly from their preseason game in New Orleans on Saturday night The team has been practicing this week at the Cowboys facility in Frisco Texas Tickets for the relocated game went on sale Tuesday night and more than 40 000 were sold with the proceeds going to the hurricane relief fund The Dallas Morning News reported that fans who bought tickets can receive a refund or choose to have the money used as a donation to relief efforts Texans defensive end J J Watt launched an online fundraising page Sunday with an initial goal of raising 200 000 to raise money for flood relief in Houston As of Wednesday morning the fund had raised more than 5 1 million and Watt also raised the goal of the fundraiser to 6 million Watt was asked by reporters Tuesday if the game on Thursday could provide a distraction for the people in Houston No Watt said I think the only good thing that could possibly come out of a game on Thursday would be a massive fundraiser That s about the best case scenario that could some from a game on Thursday is if it raised multi millions of dollars This is bigger than football It s bigger than a game It s bigger than any of us So we need to make sure that we re thinking about these victims and the city of Houston before anything else |
PFE | Anacor Pharmaceuticals Stock Shares Skyrocket On Pfizer Buyout | Anacor Pharmaceuticals Inc NASDAQ ANAC
Anacor Pharmaceuticals News Technicals
On Monday morning before the market opened shares of Anacor Pharmaceutical ANAC blasted off on news that they will be acquired by Pfizer Inc NYSE PFE in a 5 2 billion cash deal This equates to an ANAC share value of 92 25 after closing Friday at 64 03 a 44 jump in value This should add great value to Pfizer s bottom line in the long run and is estimated it will start adding to earnings by 2018 with the deal closing in the third quarter of this year ANAC is known for their eczema treatment Crisaborole which has performed favorably in clinical studies so far with the Food and Drug Administration Before the buyout news analysts had an average price target of 38 43
Looking at the chart you will see that shares have been beaten down over the past year after peaking in the summer of 2015 at 156 93 Shares have since trended lower as shorts were able to reclaim the 200 day moving average in January with share price continuing lower before finding a base at the 60 level a 61 tumble value Shares are looking to pop back up around their 200 day moving average that is currently sitting at 97 36 and should stay around that price range as the buy out terms are already being priced in There probably won t be much opportunity to trade this stock as buyouts tend to hover around the prices determined in the deal but if you re looking for a long term value play then you may want to look at Pfizer as this should help boost their bottom line in the long run which will increase the share price
Comments Regarding Buyout
Anacor will be a strong fit with Pfizer s innovative business further supporting our strategic focus on Inflammation and Immunology and is expected to enhance near term revenue growth for the innovative business said Albert Bourla president of Pfizer s global innovative pharma and vaccines oncology and consumer healthcare businesses
ANAC Profile
Anacor Pharmaceuticals Inc is a biopharmaceutical company The Company is focused on discovering developing and commercializing small molecule therapeutics derived from its boron chemistry platform Its lead product development candidate is crisaborole topical ointment approximately 2 a non steroidal topical anti inflammatory phosphodiesterase 4 PDE 4 inhibitor in development for the treatment of mild to moderate atopic dermatitis and psoriasis Its product KERYDIN tavaborole topical solution approximately 5 is an oxaborole antifungal approved by the United States Food and Drug Administration FDA for the topical treatment of onychomycosis of the toenails It also has a pipeline of other internally discovered topical and systemic boron based compounds in early stages of research and development which include AN3365 Its compound AN5568 SCYX 7158 is licensed to Drugs for Neglected Diseases initiative DNDi for the treatment of human African trypanosomiasis |
PFE | Anacor Pharmaceuticals Stock Climbs After Acquisition Announcement | Anacor Pharmaceuticals Inc NASDAQ ANAC Pfizer Inc NYSE PFE
Anacor Pharmaceuticals is having an absolutely incredible start to the trading day today and for good reason Early this morning the company announced that it would be acquired by Pfizer Today we ll talk about the details of the acquisition how the market reacted to the news and what we can expect to see from ANAC moving forward So let s get right to it
ANAC To Be Acquired By PFE
As mentioned above it was announced early this morning that Anacor Pharmaceuticals will be acquired by Pfizer under a definitive merger agreement that was entered recently Under the terms of the agreement the deal will take place as a 100 cash transaction PFE will be purchasing all outstanding shares of ANAC at a value of 99 25 per share This brings the total acquisition value to about 5 2 billion This is great news for both companies For ANAC the company will be receiving a heavy premium and on the PFE side they will gain access to crisaborole the flagship product at Anacor Pharmaceuticals In a statement Albert Bourla Group President of Pfizer s Global Innovative Pharma and Global Vaccines Oncology and Consumer Healthcare Businesses had the following to offer
We believe the acquisition of Anacor represents an attractive opportunity to address a significant unmet medical need for a large patient population with mild to moderate atopic dermatitis which currently has few safe topical treatments available Crisaborole is a differentiated asset with compelling clinical data that if approved has the potential to be an important first line treatment option for these patients and the physicians who treat them Anacor will be a strong fit with Pfizer s innovative business further supporting our strategic focus on inflammation and immunology and is expected to enhance near term revenue growth for the innovative business Our dedicated inflammation and immunology group has strong existing in market franchises with Enbrel and Xeljanz as well as a robust mid stage pipeline and this acquisition has the potential to add a near term U S product launch We believe we are well positioned to maximize crisaborole s commercial potential through our strong relationships with pediatricians and primary care physicians
How The Market Reacted To The News
As investors we know that the news moves the market Any time there is positive news released with regard to a publicly traded company we can expect to see gains in the value of the stock associated with the news Not to mention few things get investors excited quite as much as mergers and acquisitions All in all the news released with regard to ANAC was overwhelmingly positive As a result the stock is gaining big in the market today Currently 10 05 the stock is trading at 98 95 per share after a gain of 34 92 per share or 54 54 thus far today
What We Can Expect To See Moving Forward
Moving forward I am expecting to see bullish activity out of both ANAC and PFE The reality is that the acquisition is overwhelmingly positive for both Soon ANAC will be purchased at a rate of 99 25 per share giving the company s stock a big boost On the PFE side of the equation the company will gain access to a treatment that will likely prove to be overwhelmingly profitable All in all this is a win win for both parties involved
What Do You Think
Is this acquisition good news for ANAC and PFE investors Let us know your opinion in the comments below |
PFE | Anacor Pharmaceuticals Stock Rockets Following News Of Pfizer Purchase | Anacor Pharmaceuticals Inc NASDAQ ANAC
Anacor shares have risen an impressive 56 following news that Pfizer Inc NYSE PFE N is buying the company in to acquire an eczema ointment Under terms of the deal Pfizer will pay 99 25 for each outstanding share
Anacor Pfizer Deal
Anacor stock had fallen 43 percent this year to Friday s close yet the news of the impending acquisition by Pfizer has produced a remarkable volte face The swing in direction corresponds to a 60 premium as compared to last Monday s closing price of 62 55 for Anacor s stock The deal between the drug giant and Anacor should be completed in the third quarter of 2016 Pfizer anticipates the agreement will entail slightly reduced adjusted earnings per share in 2017 yet should add to adjusted EPS in 2018 The Boards of Directors of both companies have unanimously approved the transaction The equity value of the Anacor deal is 4 45 billion based on the company s outstanding fully diluted shares as of March 31 Pfizer said it believed crisaborole had the potential to reach or exceed peak sales of 2 billion
We believe the acquisition of Anacor represents an attractive opportunity to address a significant unmet medical need for a large patient population with mild to moderate atopic dermatitis which currently has few safe topical treatments available said Albert Bourla president of Pfizer s global innovative pharma and vaccines oncology and consumer healthcare businesses Mr Bourla added that Anacor will be a strong fit with Pfizer s innovative business further supporting our strategic focus on Inflammation and Immunology
Innovative Eczema Unguent
The treatment Pfizer was so zealous to obtain is an eczema treatment crisaborole which has achieved statistically significant results in late stage studies with the Food and Drug Administration In the past 15 years there have been no new molecules approved for eczema or atopic dermatitis a common relapsing inflammatory skin disorder that affects 18 25 million people in the United States alone topical ointment is a non steroidal topical anti inflammatory PDE 4 inhibitor for the potential treatment of mild to moderate atopic dermatitis Crisaborole is to reduce the production of pro inflammatory cytokines thought to cause the signs and symptoms of atopic dermatitis In a long term safety study crisaborole was found to be well tolerated In March 2016 the FDA accepted Anacor s New Drug Application for review The Prescription Drug User Fee Act goal date for the completion of the FDA s review is January 7 2017
About ANACOR
Anacor Pharmaceuticals is a biopharmaceutical company focused on discovering developing and commercializing novel small molecule therapeutics Anacor s first approved product KERYDIN tavaborole topical solution 5 is an oxaborole antifungal approved by the U S FDA in July 2014 for the topical treatment of onychomycosis of the toenails Sandoz Inc a Novartis company currently distributes and commercializes KERYDIN in the United States Beyond KERYDIN and crisaborole Anacor has discovered three investigational compounds that it has out licensed for further development Anacor also has a pipeline of other internally discovered topical and systemic boron based compounds in early stages of research and development |
AMD | Options Traders Expect Huge Moves In Advanced Micro Devices AMD Stock | Investors in Advanced Micro Devices Inc NASDAQ AMD need to pay close attention to the stock based on moves in the options market lately That is because the July 14th 2017 12 Put had some of the highest implied volatility of all equity options today What is Implied Volatility Implied volatility shows how much movement the market is expecting in the future Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other It could also mean there is an event coming up soon that may cause a big rally or a huge sell off However implied volatility is only one piece of the puzzle when putting together an options trading strategy What do the Analysts Think Clearly options traders are pricing in a big move for Advanced Micro Devices shares but what is the fundamental picture for the company Currently Advanced Micro Devices is a Zacks Rank 2 Buy in the Electronics Semiconductors industry that ranks in the Top 44 of our Zacks Industry Rank Over the last 60 days one analyst has increased earnings estimate for the current quarter while no analysts have revised the estimate downward The net effect has taken our Zacks Consensus Estimate for the current quarter from a loss of 3 cents per share to a loss of 2 cents in that period Given the way analysts feel about Advanced Micro Devices right now this huge implied volatility could mean there s a trade developing Often times options traders look for options with high levels of implied volatility to sell premium This is a strategy many seasoned traders use because it captures decay At expiration the hope for these traders is that the underlying stock does not move as much as originally expected Looking to Trade Options Each week our very own Dave Bartosiak gives his top options trades Check out his recent live analysis and options trade for the TSLA earnings report completely free See it here or check out the embedded video below for more details |
T | Why Is GameStop GME Down 4 9 Since Its Last Earnings Report | A month has gone by since the last earnings report for GameStop Corp NYSE GME Shares have lost about 4 9 in that time frame
Will the recent negative trend continue leading up to its next earnings release or is GME due for a breakout Before we dive into how investors and analysts have reacted as of late let s take a quick look at the most recent earnings report in order to get a better handle on the important drivers
Recent EarningsGameStop reported fourth quarter fiscal 2017 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate The company s results were driven by Nintendo Switch s stellar performance in the quarter In the quarter under review adjusted earnings came in at 2 02 per share surpassing the Zacks Consensus Estimate of 1 96 but decreased 15 1 from the year ago period Also net sales were up 15 year over year to 3 502 5 million which outpaced the consensus estimate of 3 253 million The company s sales were driven by robust demand for Nintendo Switch and collectibles and software International sales were also strong during the quarter Further GameStop witnessed sharp increase in worldwide omni channel sales Let s Delve DeeperConsolidated comparable store sales comps increased 12 2 reflecting a gain of 8 3 at international locations and 14 2 at domestic locations By sales mix new video game hardware sales jumped 44 8 to 844 million while new video game software sales were up 12 4 to 1 042 3 million However pre owned and value video game products sales came in at 663 1 million down 2 6 year over year Increase in new hardware sales were driven by solid demand for Nintendo Switch while new software sales increased on account of robust title lineup Video game accessories sales jumped 37 4 to 327 7 million While non GAAP digital receipts increased 10 6 to 413 million GAAP digital sales rose 7 3 to 61 4 million Technology Brands sales were down 14 2 to 219 7 million due to alteration in AT T s dealer compensation structure Additionally the company stated that performance of Technology Brands was not up to the mark in fiscal 2017 and fell short of its estimates primarily on delay in release of the iPhone 8 and iPhone X as well as due to change in compensation structure by AT T NYSE T The company said similar situation will persist in the first half of fiscal 2018 Nevertheless Collectibles sales surged 22 8 to 260 8 million buoyed by growth of licensed merchandise offerings and promotions during holiday season GameStop intends to enhance collectibles business to 1 billion by the end of fiscal 2019 Earlier management had stated that it remains optimistic about non physical gaming businesses and expects this category to reach approximately 50 of operating earnings by the end of fiscal 2019 While gross profit inched up 1 6 to 1 024 5 million gross margin contracted 380 basis points bps to 29 3 Adjusted operating income declined 9 7 to 309 8 million while adjusted operating margin shriveled 250 bps to 8 8 Store UpdateIn fiscal 2017 GameStop shuttered a net of 131 video game stores globally ending the year with 3 827 video game stores in the United States and 1 969 internationally The company closed 80 net technology brands store and sold 65 Cricket stores At the end of 2017 the company has 1 329 AT T stores and 48 Simply Mac stores Also it opened 17 collectible stores and now has 103 stores Other Financial AspectsGameStop ended the quarter with cash and cash equivalents of 864 4 million net receivables of 182 7 million long term debt of 817 9 million and shareholders equity of 2 214 5 million For fiscal 2018 management projects capital expenditures in the range of 110 120 million and free cash flow to be approximately 300 million GuidanceGameStop expects fiscal 2018 total sales to be down 6 to 2 and projects comps to be flat to down 5 For the year management envisions earnings in the range of 3 3 35 per share In fiscal 2018 the company anticipates collectibles business to register growth but expects video game business to decrease by mid single digits
How Have Estimates Been Moving Since Then
In the past month investors have witnessed a downward trend in fresh estimates There have been two revisions lower for the current quarter GameStop Corp Price and Consensus VGM Scores
At this time GME has a nice Growth Score of B though it is lagging a bit on the momentum front with a C The stock was allocated a grade of A on the value side putting it in the top 20 for this investment strategy
Overall the stock has an aggregate VGM Score of A If you aren t focused on one strategy this score is the one you should be interested in
Based on our scores the stock is primarily suitable for value investors while also being suitable for those looking for growth and to a lesser degree momentum
Outlook
Estimates have been broadly trending downward for the stock and the magnitude of these revisions indicates a downward shift It s no surprise GME has a Zacks Rank 5 Strong Sell We expect a below average return from the stock in the next few months |
T | RingCentral working with adviser after takeover interest BBG | Reuters RingCentral Inc a cloud based business communications services provider is working with an adviser after receiving takeover interest Bloomberg reported on Wednesday citing sources familiar with the matter
The company s shares jumped as much as 19 9 percent to hit a record high of 43 05 in morning trading
RingCentral is likely to attract interest from technology focused private equity firms and other cloud based software providers according to Bloomberg
The San Mateo California based company which went public in 2013 and counts AT T Inc NYSE T among its customers had a market capitalization of 2 7 billion as of Tuesday s close
RingCentral declined to comment |
T | HBO offered 250 000 to hackers in bid to delay data release | By Jessica Toonkel Reuters Time Warner Inc s N TWX HBO network last month offered 250 000 to cyber criminals who hacked into its computer system asking them to extend a deadline for paying a much larger ransom according to an email reviewed by Reuters You have the advantage of having surprised us a member of HBO s technology team said in the July 27 email In the spirit of professional cooperation we are asking you to extend your deadline for one week The attack came at a sensitive time for HBO Parent Time Warner is seeking regulatory approval to sell itself to AT T Inc N T in an 85 4 billion deal announced in October The note said that HBO was willing to make the payment as a show of good faith but needed time to fund an account for sending payments in bitcoin digital currency or obtain account information from the hackers so it could use a conventional bank wire to transmit the funds The hackers did not respond to a request for comment through the email address they used to communicate with HBO The request prompted an automated response that provided a link to an image of the July 27 note from HBO A person familiar with HBO s response to the attack told Reuters that the company sent the email as a stall tactic and had never intended to make the 250 000 payment or pay the full 6 million the hackers had demanded to hold off going public with data stolen from HBO Nonetheless the email failed to achieve that goal A few days after HBO sent the note the hackers went to the media with details of the breach They released an extortion note and some stolen data including details about an upcoming episode of the network s popular drama Game of Thrones
Variety earlier reported details about the 250 000 offer |
T | Hackers release more HBO episode shows report | By Jilian Mincer Reuters Hackers have released more unaired episodes of popular HBO shows but the latest leak did not include anything on the hit series Game of Thrones the Associated Press reported on Sunday The hackers who broke into HBO s computer network and have released stolen information for several weeks provided more unaired episodes including the popular show Curb Your Enthusiasm which returns in October They also leaked episodes of Insecure Ballers and The Deuce according to the Associated Press Time Warner Inc s N TWX HBO said Sunday in an emailed statement that it was not in communication with the hacker and we re not going to comment every time a new piece of information is released It has been widely reported that there was a cyber incident at HBO it said The hacker may continue to drop bits and pieces of stolen information in an attempt to generate media attention That s a game we re not going to participate in HBO acknowledged the hack earlier this summer It said the thieves had been leaking stolen materials and asking for a multi million dollar ransom
The hack came at a sensitive time for HBO parent Time Warner as it awaits regulatory approval to sell itself to AT T Inc N T in a 85 4 billion deal announced in October |
T | Slim s America Movil wins telecom battle in top Mexico court | By Noe Torres Julia Love and Sheky Espejo MEXICO CITY Reuters Mexico s Supreme Court on Wednesday ruled billionaire Carlos Slim s telecommunications company America Movil should not be barred by law from charging competitors certain fees prompting fears of a rollback of a sweeping antitrust reform The 2014 telecom industry reform one of Mexican President Enrique Pena Nieto s signature accomplishments prohibited America Movil from charging other carriers for calls made to customers on its network even though those firms are allowed to bill America Movil for using their networks The reform was aimed at breaking up Slim s market dominance which rivals said made it challenging for them to break into the sector It was one of several changes along with an opening of the state run energy industry that have increased competition in Mexico s strategic industries The Supreme Court ruling said the so called interconnection rates should be set by telecom regulator IFT siding with America Movil Latin America s largest telecom firm by number of subscribers and the crown jewel of Slim s empire Tariffs set by the IFT will take effect from January 2018 the court said America Movil hailed the ruling in a brief statement late on Wednesday calling on the IFT to set interconnection rates that are oriented toward costs transparent and reasonable In its ruling the court also said however that the ruling would not have retroactive effects suggesting competitors such as AT T Inc NYSE T and Telefonica MC TEF would not have to reimburse America Movil for the time they did not pay The IFT will be responsible under its constitutional mandate for recognizing the asymmetry establishing regulation regarding rates the so called zero rate or whatever else it defines in line with the exercise of its constitutional faculties Minister Javier Laynez Potisek said during the court s session The decision worried foreign companies which have invested heavily in the market since the reform Telefonica voiced grave concerns saying the ruling had serious consequences for the sustainability and makeup of the sector In a possible sign of the pressure the regulator will come under as it ponders whether to allow America Movil to charge the Spanish company said it and others had been severely hurt by the decision and called on Mexican authorities to find a balance The office of the president said it respected the court s decision and trusted that the regulator would use its powers to strengthen competition in a sector it described as key to the country AT T also said it trusted the IFT to respect the spirit of the reform AT T invested in Mexico trusting in the strong public support that the constitutional and legislative reforms of telecommunications received the company said The arduous task of reforming the industry has hardly begun and requires continuous dedication The IFT said in a statement that it would analyze the court s decision and take appropriate action Shares of America Movil were up more than 1 percent following the news of the decision The company did not respond to a request for comment If its rivals had paid the same interconnection rates as America Movil Slim s company would have received additional revenue of over 1 billion according to a recent report by Banamex Industry experts believe the decision weakens the reform which significantly lowered prices for consumers It opens up Pandora s box and creates a terrible uncertainty said Luis Rubio a partner specializing in telecommunications at the law firm Jones Day America Movil fought hard against the reform arguing to the court that legislators did not have the right to create asymmetrical rules meant to handcuff Slim s firm and help smaller industry players Although America Movil s market share only slipped modestly after the reform hovering around two thirds of mobile subscriptions in Mexico the entry of new players such as AT T with billions of dollars in foreign investment touched off a price war among carriers Cellphone service prices dropped by more than 40 percent according to Mexico s telecom regulator But if interconnection rates paid to America Movil eat into carriers margins prices may begin to creep up again as a result of the decision said analyst Ernesto Piedras The benefits of the so called zero rate policy are diverse the investments the coverage the quality The ruling does not necessarily spell a return to the past industry experts said The IFT created as part of the reform enjoys greater autonomy than the previous regulator and has broad authority to police the operations of telecom companies and TV broadcasters It has ratcheted up antitrust scrutiny against America Movil ordering the firm to separate part of its network infrastructure into a new entity in March By clarifying the role of the IFT the decision could prove helpful to other players in the market said Ramiro Tovar Landa a professor at the Autonomous Technological Institute of Mexico
The resolution is beneficial for the sector because it normalizes the economic relations between the operators he said |
T | Despite legal victory America Movil may face tough ride with regulator | By Julia Love MEXICO CITY Reuters Despite a landmark Supreme Court ruling in his favor Mexican mogul Carlos Slim shouldn t break out the champagne just yet Mexico s top court ruled unanimously on Wednesday that America Movil MX AMXL Slim s telecommunications juggernaut should not be barred by law from charging its competitors interconnection fees The decision weakened a key pillar of a 2014 sector reform designed to curb the dominance of America Movil which was created from a state monopoly and still holds about two thirds of mobile subscriptions in Mexico But the ruling also recognized the authority of Mexico s IFT telecommunications regulator to promote competition giving it power to set rates carriers pay America Movil for calls made to customers on its network While America Movil ran rings around regulators in the past the IFT may be different It was created as a product of the reform and has already shown its willingness to stand up to Slim on a number of issues experts say By handing more power back to the regulator the court decision may have in fact reinforced the reform process said industry consultant Michael Camunez It can be viewed as really empowering the regulator and deferring to its autonomy and independence which I think is a good thing for the rule of law in Mexico said Camunez chief executive of Monarch Global Strategies which advises firms doing business in Mexico Foreign companies such as AT T Inc N T and Telefonica SA MC TEF were quick to raise concerns But IFT Commissioner Adriana Labardini said the ruling had strengthened the agency s mandate to drive competition After this ruling there is nothing to worry about for foreign companies Labardini said in an interview There s now certainty that the constitutional arrangement and constitutional powers of the institute will be honored and respected It should be very calming to know that this will be in the hands of experts NOT LENIENT GENTLE Resetting the terms of the relationship between America Movil and its competitors marks one of the four year old regulator s biggest tests yet Nevertheless industry experts say the IFT is well positioned for the task Unlike its predecessor Cofetel the IFT is independent from the executive branch of government insulating its decisions from political pressure And for the most part the regulator s decisions cannot be suspended pending litigation which weakened Cofetel s regulations said Luis Rubio a partner specializing in telecommunications at the law firm Jones Day Still the IFT must take a firm stance or we can end up in the whole game that was played before by America Movil which is basically litigating everything Rubio said The IFT has ratcheted up antitrust scrutiny against America Movil ordering the firm to separate part of its network infrastructure into a new entity in March The agency s regulations for America Movil number more than 100 points compared with just six for broadcaster Grupo Televisa another company that has been deemed dominant in its market noted Jorge Bravo a professor at the National Autonomous University of Mexico UNAM Labardini declined to estimate how long it would take for the IFT to determine rates for America Movil saying the regulator must still study the court s decision The court left open the possibility of maintaining the so called zero rate for America Movil giving the regulator complete sway over the issue
The IFT has not been lenient gentle or generous with America Movil Bravo said |
T | Energy Capital confirms Calpine buyout for 5 6B | Calpine NYSE CPN 9 8 premarket after agreeing to be acquired for 5 6B in cash by Energy Capital Partners and a consortium of investors led by Access Industries and Canada Pension Plan Investment Board confirming a report last night The 15 25 share takeout price represents a 51 premium to CPN s share price on May 9 the day before initial media speculation of a deal Energy Capital says it does not expect to make any changes to the way CPN operates or to the company s financial policy and previously announced 2 7B deleveraging plan CPN s current management team is expected to remain in place Now read |
AMD | Why Advanced Micro Devices Inc AMD Stock Might Be A Great Pick | One stock that might be an intriguing choice for investors right now is Advanced Micro Devices Inc NASDAQ AMD This is because this security in the Electronics Semiconductors space is seeing solid earnings estimate revision activity and is in great company from a Zacks Industry Rank perspective This is important because often times a rising tide will lift all boats in an industry as there can be broad trends taking place in a segment that are boosting securities across the board This is arguably taking place in the Electronics Semiconductors space as it currently has a Zacks Industry Rank of 71 out of more than 250 industries suggesting it is well positioned from this perspective especially when compared to other segments out there Meanwhile Advanced Micro Devices is actually looking pretty good on its own too The firm has seen solid earnings estimate revision activity over the past month suggesting analysts are becoming a bit more bullish on the firm s prospects in both the short and long term Advanced Micro Devices Inc Price and Consensus In fact over the past month current quarter estimates have narrowed from a loss of 3 cents per share to a loss of 2 cents per share while current year estimates have narrowed from a loss of 4 cents per share to a loss of 2 cents per share The company currently carries a Zacks Rank 3 Hold which is also a favorable signal You can see So if you are looking for a decent pick in a strong industry consider Advanced Micro Devices Not only is its industry currently in the top third but it is seeing solid estimate revisions as of late suggesting it could be a very interesting choice for investors seeking a name in this great industry segment Today s Stocks from Zacks Hottest StrategiesIt s hard to believe even for us at Zacks But while the market gained 18 8 from 2016 Q1 2017 our top stock picking screens have returned 157 0 128 0 97 8 94 7 and 90 2 respectively And this outperformance has not just been a recent phenomenon Over the years it has been remarkably consistent From 2000 Q1 2017 the composite yearly average gain for these strategies has beaten the market more than 11X over Maybe even more remarkable is the fact that we re willing to share their latest stocks with you without cost or obligation |
T | Alaska Communications EPS of 0 05 | Alaska Communications NASDAQ ALSK Q2 EPS of 0 05 may not be comparable to consensus of 0 02 Revenue of 58 54M 4 1 Y Y misses by 0 18M Press Release Now read |
T | Senate approves two FCC nominees as it reviews Obama rules | By David Shepardson WASHINGTON Reuters The U S Senate on Thursday unanimously confirmed two nominees to serve on the Federal Communications Commission as the Trump administration looks to reverse many Obama era telecommunications regulations Brendan Carr a Republican who is general counsel at the FCC and Jessica Rosenworcel a Democrat were both confirmed by voice vote bringing the five member FCC to full strength and giving Republicans a 3 2 majority Rosenworcel served as a commissioner for the regulator until the end of 2016 when lawmakers failed to take up her renomination under former President Barack Obama The FCC which since January has been controlled by Republicans by a 2 1 margin is working to reverse a number of Obama era telecommunications regulations including the landmark 2015 net neutrality rules prohibiting broadband providers from giving or selling access to certain internet services over others The Senate did not immediately vote to reconfirm FCC Chairman Ajit Pai to another term even though he appeared at a confirmation hearing in July with the other nominees Pai would need to leave the commission by the end of the year if he were not reconfirmed In a statement Pai praised Rosenworcel and Carr s confirmations and said they have distinguished records of public service and will be valuable assets to the FCC in the years to come Their experience at the FCC makes them particularly well suited to hit the ground running Pai chosen by Trump in January to head the agency also has said he wants to dismantle other significant regulations as part of a sweeping review he said would remove barriers to business and modernize rules Pai also plans significant changes to local TV ownership limits and plans other changes to media regulations Democrats insisted Republicans had agreed in 2015 to reconfirm Rosenworcel as part of a deal to confirm FCC Commissioner Mike O Rielly Republicans denied there was a deal but the standoff had delayed consideration of telecommunications legislation in the Senate Under Pai the FCC chose not to review AT T NYSE T Inc s planned 85 4 billion acquisition of Time Warner Inc NYSE TWX
The FCC is currently reviewing Sinclair Broadcast Group Inc s proposed 3 9 billion acquisition of Tribune Media Co one of the largest U S TV station operators |
T | New Game of Thrones episode leaks online through HBO partner | By Sheila Dang Reuters The unaired fourth episode of the new season of HBO s hit series Game of Thrones has been leaked online the premium channel s distribution partner Star India said on Friday We take this breach very seriously and have immediately initiated forensic investigations at our and the technology partner s end to swiftly determine the cause This is a grave issue and we are taking appropriate legal remedial action a Star India spokesperson said in a statement Star India is a subsidiary of Twenty First Century Fox Inc The leak of the episode titled The Spoils of War was separate from a hack on HBO that was disclosed earlier this week HBO said in a statement In that incident the company s chairman Richard Plepler told employees in a Monday email seen by Reuters that the hackers had stolen proprietary information including some programming Entertainment Weekly reported on Monday that hackers stole 1 5 terrabytes of data including two unaired episodes of the Game of Thrones series
HBO is owned by Time Warner Inc NYSE TWX which is waiting for regulatory approval to sell itself to AT T Inc NYSE T in a 85 4 billion deal |
T | AT T adds CBS networks to DirecTV Now streaming offering | CBS CBS 0 2 and AT T T 0 2 have come to a deal to offer the CBS networks on the DirecTV Now streaming service That includes CBS broadcast live local coverage in 25 stations at launch along with Showtime the CW Pop and CBS Sports Network It also features video on demand from CBS CW Pop and Showtime CBS and the CW will be on all the DirecTV Now packages Pop adds in on the Just Right package and CBS Sports Network on Go Big Showtime is an 8 month add on CBS release AT T release Now read |
T | HBO says probe of hack is ongoing | Reuters HBO the Time Warner Inc N TWX cable network that broadcasts Game of Thrones confirmed on Tuesday that it was investigating a hack that it disclosed to employees 10 days ago The forensic review is ongoing HBO said in an emailed statement noting that it was working with cyber security experts and law enforcement The hack came at a sensitive time for HBO whose parent Time Warner is awaiting regulatory approval to sell itself to AT T Inc N T in an 85 4 billion deal announced in October The Guardian and other publications reported on Tuesday that hackers had posted some stolen HBO files online demanding a bitcoin ransom to prevent additional releases Reuters was not able to view the leaked files or verify their authenticity Technology news site Mashable posted written demands that it said hackers claimed to have sent to HBO Chief Executive Officer Richard Plepler The hackers said they had stolen a wide variety of confidential material including scripts to its programs contracts human resources documents and budget details A source familiar with the situation said the Federal Bureau of Investigation was probing the matter An FBI spokesperson declined to comment It was the second time documents have been released on the internet that were purportedly stolen from HBO since the hack surfaced early last week Entertainment Weekly reported last week that hackers stole 1 5 terabytes of data and leaked online a script or treatment for an upcoming episode of the network s popular series Game of Thrones along with yet to be broadcast episodes of the series Ballers and Room 104
HBO has provided few details about the hack It said in its statement that it does not believe its e mail as a whole was compromised and added that it believed further leaks might emerge from the incident |
PFE | Pfizer PFE Beats On Q1 Earnings And Revenues | Pfizer Inc NYSE PFE is one of the most well known names in the pharmaceutical sector not just for its medicines and vaccines but also for its consumer healthcare products This New York based company is well known for products like Prevnar Lyrica Lipitor and Celebrex among others However like many of its peers PFE is facing generic competition and pricing pressure for several products like Lipitor Norvasc Protonix Camptosar Celebrex and Zoloft The influx of generic competition will not only put downward pressure on the company s pricing it will also result in gross margins contracting In this scenario investor focus remains on late stage pipeline candidates and their commercial potential and performance of new products apart from the usual top and bottom line numbers Pfizer is also looking to strengthen its portfolio through the acquisition of Hospira NYSE HSP PFE has a pretty good earnings track record with the company delivering positive earnings surprises in each of the last four quarters with an average surprise of 7 84 Currently PFE has a Zacks Rank 3 Hold but that could definitely change following the company s earnings report which was just released We have highlighted some of the key stats from this just revealed announcement below Earnings Beat PFE beat on first quarter earnings which came in at 67 cents while our consensus called for EPS of 55 cents Revenue Beat Revenues were also well above expectations Pfizer posted revenues of 13 005 billion compared to our consensus estimate of 11 971 billion Hospira boosted first quarter revenues by 1 199 billion Unfavorable currency movement cut Pfizer s first quarter revenues by 7 729 million Raises Guidance Pfizer now expects to earn 2 38 2 48 per share on revenues of 51 billion 53 billion The company had previously guided towards earnings of 2 20 2 30 per share on revenues of 49 billion 51 billion in 2016 The Zacks Consensus Estimate for earnings and revenues are currently 2 29 per share and 51 260 billion respectively Pre Market Trading Pfizer s shares were up 3 05 in pre market trading on the better than expected results and raised outlook Check back later for our full write up on this PFE earnings report Want the latest recommendations from Zacks Investment Research Today you can download 7 Best Stocks for the Next 30 Days |
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