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E Shares Of Conatus Up 22% On FDA Fast Track Designation For NASH Cirrhosis
Yesterday, shares of Conatus Pharmaceuticals (CNAT) closed the day up 22% after the company announced that the FDA had granted the company’s drug, Emricasan, FDA fast track status for NASH Cirrhosis. The company has been in back and forth talks between the FDA to achieve this fast track status. Both have agreed to start Conatus off in a trial with NASH Cirrhosis, and then begin a trial for NASH fibrosis. The company was able to obtain this fast track status because it submitted data from a previous trial that treated patients with portal hypertension. This trial showed remarkable efficacy after only one month of treatment with Emricas... -
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E US Dollar To Stabilize After Yesterday’s Wild Ride
Daily Forex Market Preview, 04/02/2016 The US Dollar saw a strong sell-off yesterday as investors questioned the health of the US Economy and the impact of a stronger Greenback. The currency markets yesterday saw most of the currencies posting strong gains against the US Dollar with the NZD and Yen surging strongly. USDJPY erased all its BoJ induced gains while Gold still remained strong touching a 3-month high near $1145. The weaker British Pound also rallied strongly to test $1.46. EURUSD Daily Analysis EURUSD (1.08): The Euro rallied to a 3-month high yesterday at 1.1145 as the US Dollar capitulated. As noted in the previous commentary, we... -
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How Is The Bullish 1994 Stock Analogy Holding Up?
Charts Provide An Unbiased Reference Point One of the great things about stock charts is they allow us to track the markets using reference points from the past. For example, we may have drawn a trendline three weeks ago, then three weeks later the market rallies back to the trendline and reverses. Therefore, in today’s post we are going to republish a previous post, but with updated charts as of February 3, 2016. The updated charts alllow us to ask: Have the charts improved in terms of looking more like the bullish turn in 1994? The original post, “Do The Bulls Have Any Reason For Hope?”, was dated Jan 12, 2016. The same post appears ... -
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Will This Brand Lift Deckers Outdoor To Strong Earnings?
Photo Credit: Joeri van Veen Deckers Outdoor Corp. (DECK) Consumer Discretionary – Textiles, Apparel & Luxury Goods| Reports February 4, After Market Closes Key Takeaways The Estimize community is expecting EPS of $4.88 and revenue of $839.30 million significantly higher than Wall Street’s EPS and revenue estimates of $4.72 and $835.52, respectively. Deckers Outdoor is best known for its UGG boots which is currently undergoing a makeover to make it less weather sensitive The company’s growth strategy consists of new product lines and expansion domestically and internationally What are you expecting for DECK? Get your estimat... -
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Binary Options Trading Opportunities – February 4, 2016
Light economic calendar The economic calendar during the session on Thursday as been to be very light, so quite frankly we think that it will essentially be a matter of wanting for breakouts and breakdowns to occur. With the Nonfarm Payroll numbers coming out during the session tomorrow, we will stick to short-term charts. WTI continues to soften The WTI Crude Oil market tried to rally initially during the day on Wednesday, but turned back around to show signs of noncommittal buying. With this, we are put buyers every time this market exhaust itself after short-term rallies, and of course a break down below the lows of the boat Tuesday and We... -
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The Crude Oil Rally
The buzz on WS Wednesday continued to revolve around oil markets. Russia indicated again it was willing to discuss production cut backs with OPEC. They just said something like that last week but then oil bulls recycled the same message again Wednesday. The problem remains how difficult such a scheme would be to implement. After all, if any agreement is reached then cheating would once again take place as always happens. Nevertheless, crude oil prices moved higher by nearly 9% Wednesday. This follows high volatility price changes daily making it just a roulette play. Economic data continues to worsen as the ADP Employment Report fell to 205K ... -
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GoPro Conference Call Pulls Stock Off Record Lows, Shares Remain Pressured
After the close, GoPro (GPRO) reported fourth quarter results and issued guidance for the first quarter and fiscal 2016, temporarily sending shares to record lows. WHAT’S NEW: GoPro reported Q4 loss per share of 8c, against analyst expectations of 0c, and Q4 revenue of $436.6M, below consensus estimates of $496.1M. The company also provided Q1 revenue guidance of $160M-$180M, below estimates of $298.04M, Q1 adjusted gross margin of 36%, plus or minus 100 basis points, adjusted operating expenses of $165M-$170M, and adjusted Earnings Before Interest, Taxes, Depreciation and Amortization of negative $95M, plus or minus $2.5M. GoPro also i... -
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E Sobering Economic Reports
Sobering economic reports leading to a rebound to the breakdown point as well as a bit more short-covering, should not alleviate concerns of progression of an ongoing Bear Market, that desperately is trying ‘not’ to challenge recent lows. In fact, the rebound was the general outline now simply allowed; but as noted all week, what should occur as the initial break below the rising bottoms or upward ‘reflex rebound channel trend-line, was penetrated. The domestic fundamentals are indeed not truly terrible; fiscal stimulus drag is out there; the lost momentum in the Service Sector is increasingly evident; the industrial sector... -
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Buffalo Wild Wings Misses Q4 Earnings And Revenue Estimates
Buffalo Wild Wings (BWLD – Analyst Report) just released their fourth quarter fiscal 2015 earnings results, posting earnings of $1.32 and revenue of $490.2 million. Currently, BWLD has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below. Buffalo Wild Wings: 1. Missed earnings estimates. The company posted $1.32 per share, missing our Zacks Consensus Estimate of $1.47. 2. Missed revenue estimates. The company saw revenue figures of $490.2 million, missing... -
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Most Powerful Might Not Be Enough
Podcast: Play in new window | Play in new window (Duration: 13:17 — 6.1MB) DOW + 183 = 16,336 SPX + 9 = 1912 NAS – 12 = 4504 10 Y + .02 = 1.88% OIL + 2.41 = 32.29 GOLD + 13.20 = 1143.20 Activity in the services sector slowed to a near two-year low in January. The Institute for Supply Management (ISM) said its index of non-manufacturing activity fell to 53.5 last month, the lowest level since February 2014, from 55.8 in December. A reading above 50 indicates expansion in the service sector. Service industries reported growth in new orders continued to slow, with export orders contracting last month. Private-sector employment gains in...
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