Everbridge (Nasdaq:EVBG) – Sell or Short Recommendation The 180-day lockup period for the Everbridge IPO is set to expire on 3.17. At this time, the company’s pre-IPO insiders will be able to sell 17,552,946 shares, which represent 65% of the total shares outstanding. The sudden increase in shares available for trade could potentially flood the market and lead the share price to fall. While not all lockup expirations provide short opportunities, Everbridge offers a unique combination of factors, opening a window for event-driven traders. We suggest shorting Everbridge shares before the lockup period expiration to take full advant...
Following API’s reported massive build in crude (and draw in gasoline), DOE confirmed the extreme moves with a major 8.2mm crude build and a massive 6.56mm draw in gasoline (the biggest since April 2011). US Crude production rose once again – to 13-month-highs. API Crude +11.6mm (+1.4mm exp) Cushing +788k Gasoline -5.00mm Distillates -2.9mm DOE Crude +8.21mm (+2mm exp) Cushing +867k (+406k exp) Gasoline -6.56mm (-1.99mm exp) Distillates -925k (-1mm exp) This is the 9th weekly rise in crude inventories (some chatter on API data including SPR barrels but that was marginal at best compared to the headline print)…The gasolin...
Most investors have heard of the “size premium,” the well-documented and academically studied tendency for small-cap companies to outperform large-cap companies over time, but with additional risk. For example, we can see this phenomenon in the table below. The S&P SmallCap 600 Index outperformed the S&P 500 Index by 229 basis points (bps) annualized over 9.5 years,1 but did so while increasing standard deviation by over 4 percentage points relative to the S&P 500.2 But what if it were possible to capture the size premium with volatility similar to large caps while also helping to complete balanced, globally div...
The two major U.S. auto makers, General Motors (GM) and Ford (F), have come a long way since the Great Recession. The economic downturn of 2007-2009 was a scary time. The escalating financial crisis nearly brought the entire auto industry to the brink of collapse. While Ford made it through the recession, GM ended up declaring bankruptcy, and was eventually rescued by the U.S. government. Nevertheless, the two auto makers have made a great deal of progress in the years since. Both companies successfully managed their debt levels, returned to profitability, and have resumed paying dividends to shareholders. Neither stock is a member of the Div...
The following stock valuation is about Coca Cola (KO). a company which has an impressive dividend history and is one of the consumer giants out there. But it is also a company which is struggling when it comes to growth in the last years. Nevertheless I still think it should be one of the core holdings of any dividend portfolio. Recently KO announced a dividend increase of 5.7% to new yearly dividend of 1.48 USD. But let’s have a look at the valuation and if it is already in my buying zone. The Coca-Cola Company is the world’s largest beverage company. The company has more than 500 beverage products on the market including soft drinks, wa...
Ciena Corporation (NYSE:CIEN) early Wednesday posted weaker than expected first quarter earnings results, as both profit and revenue failed to meet analysts’ view....
Remember a few Fridays ago when everyone was panicking about whether or not the reflation narrative had been undermined for good as 10Y yields hit YTD lows? Everyone looked set to fade the meme. The “Trump trade” was done. Or so we thought. Four days later Dudley and Williams jawboned the trade right back on and then, in what amounted to a Tiny Tim-ish miracle, Donald Trump successfully read off a teleprompter for an hour. It was off to the reflationary races. Well on the heels of this morning’s ADP blowout, March odds are now 100% and as for those 10Y yields we were all so concerned about just two weeks ago… yeah well we’re sitt...
ADP reported non-farm private jobs growth at 298,000. This was a particularily strong report for the second month in a row. Analyst Opinion of ADP Employment Situation This month the rate of ADPs private employment year-over-year growth marginally increased. This is the second month of improving year-over-year employment gains. This report is very good with growth in almost every sector. ADP employment has not been a good predictor of BLS non-farm private job growth. The market expected from Bloomberg / Econoday 152,000 to 215,000 (consensus 183,000) versus the 298,000 reported. These numbers are all seasonally adjusted; In EconintersectR...
Mizuhoa analyst Irina Koffler said Valeant fundamentals remain weak and she expects revenue will continue to decline as the company divests assets. She thinks management will continue to guide down 2017 results, noting that Valeant said it stands to lose 19% of its 2016 revenues to generic competition in the 2017-2021 period, that it faces worsening gross-to-net discounts and that its pipeline may be insufficient to fill in the gaps. The analyst, who is modeling a “wind-down” in operating expenses, keeps an Underperform rating and $9 price target on Valeant shares, but noted that she had to lower her longer-term investment assumpt...