Deutsche Bank has warned the markets that bail-ins will only hurt the economy more. This announcement shocked the world and has been an utter and complete change from their past rhetoric, in which banksters around the world have called for more and more quantitative easing (QE), wishing to remain perpetually drunk off easy money. Yet, the industry is waking up and starting to realize what precious metals proponents have known since this crisis began. Easy money is not the solution, but in fact the cause of our current woes. Banks are slowly beginning to change their tune, and going as far as to admit that they have been wrong all these years....
Photo Credit:Peter Bond PepsiCo, Inc. (PEP) Consumer Staples – Beverages| Reports February 11, Before Market Opens PepsiCo is scheduled to report fourth quarter earnings before the bell on February 10. The soft drink maker is coming off yet another strong quarter of earnings despite a higher than expected impact from currency headwinds. In fact, the company has beat bottom line estimates each of the past 8 quarters. That said, expectations for this quarter are low as beverage sales volume continues to shrink due to the stronger dollar, increasing volatility in emerging markets and a shift in consumer preferences for healthy alternative...
Tesla Motors Inc. (TSLA) released its earnings report tonight after closing bell, posting adjusted losses of 87 cents per share, compared to the consensus of 16 cents per share, and revenue of $1.75 billion, against the consensus of $1.85 billion. In the fourth quarter of 2014, the automaker reported adjusted losses of 13 cents per share and revenue of $1.1 billion. Shares of Tesla edged higher by as much as 3.66% to $148.93 in after-hours trades. The stock has plunged by more than 38% so far year to date, significantly underperforming the S&P 500 Index. It seems management’s positive commentary in tonight’s shareholder letter struck ...
The White House has announced a $1.1B initiative to combat prescription opioid drug abuse. In President Obama’s most recent State of the Union Address, he identified prescription drug abuse as one of his top priorities. Currently, 2.1 million Americans suffer from opioid-based dependence or abuse. One company has been in the news with its proprietary technology that makes it difficult to abuse prescription drugs, keeping them from being crushed or turned into more easily abusable powder. Egalet (EGLT) is a small cap ($195M) specialty pharmaceutical company that was founded in 1995. It is the first company to develop an erosion...
Proteostatis Therapeutics Incorporated (Pending:PTI) expects to raise $50.0 million in its upcoming IPO. Based in Cambridge, Massachusetts, Proteostasis Therapeutics is a biopharmaceutical company that develops therapeutics to treat protein conformational diseases. We previewed PTI on our IPO Insights Platform, which includes deals on deck and real-time alerts. PTI will offer 3.85 million shares at an expected price range of $12 to $14. If the underwriters price the IPO at the mid-point of that range, PTI will have a market capitalization of $50.05 million. PTI filed for the IPO on December 23, 2015. Lead Underwriters: Leerink Partners and...
“Unless you expect the unexpected you will not find it, for it is hidden and uncharted.” Heraclitus, as quoted by Euripides Once again we had a pop rally in equities based on some vain hope, in this case it was the dovish words of Chairman Yellen in her Fed testimony to the Congress. And once again stocks faded and closed below key overhead resistance. Bully will get one or two more tries at this sort of thing, and then I’m afraid that it is likely for stocks to roll over and take a trip downtown. Have a pleasant evening....
Twitter Inc. (NYSE:TWTR) released its fourth quarter earnings report after closing bell tonight, posting adjusted earnings of 16 cents per share, compared to the consensus of 12 cents per share, and revenue of $720 million, compared to the consensus of $710 million. Twitter shares plunged by as much as 12.35% to $13.13 per share in after-hours trades tonight as the company reported zero user growth quarter over quarter. Year to date, the stock was down by more than 35%, not counting tonight’s stock price movement. Shares seem to keep setting new record lows. Twitter struggles in user growth GAAP losses were 13 cents per share, while adjuste...
According to our valuation model, stocks have not been this undervalued since November, 2011. At that time, the SP500 was around 1200. We can use our data to track individual stocks, industries, sectors, and indices. For today’s bulletin, we present key metrics for the top picks in the Nasdaq 100. The companies listed below represent the top-ten BUY and STRONG BUY stocks within the index. They are presented below according to their one-month forecast target prices. Gilead Sciences remains the overall leader and the only STRONG BUY stock in this list. We seen a bit a re-shuffling in the order as well as three new members of our top-ten s...
Written by Jill Mislinski Last week’s Employment Report for January disappointed forecasts. The unemployment rate ticked down to 4.9% and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) dropped to 151K with December’s number revised downward by 30K. Our preference is to look at the data from a longer-term perspective and to give special attention to the data for the core workforce, ages 25-54. We continue to see evidence of major structural changes in the US workforce. Here is an updated series of charts illustrating some changes that are far more significant than the cyclical impact o...