Shares of Sarepta Therapeutics (SRPT) have jumped today after the biotech company announced that it would raise $37.5 million in a stock offering. Janney’s Debjit Chattopadhyay explains how far that $37.5 million will go for Sarepta:
There are no sanguine answers to the Sarepta saga and the company’s future hinges on the outcome of the western blot. Hence, the relatively small....More>>>
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An upbeat reading on U.S. retail sales isnt enough to keep U.S. stock indices from tanking today. The Dow dropped more than 200points in late afternoon market action.
The Dow Jones Industrial Average dropped 1.19% and the S&P 500 fell 1% while the Nasdaq Composite fell 0.6%.
Energy and financial shares in the S&P 500 led the declines with....More>>>
Shares of Endo International (ENDP) have tumbled 40% today after it said profits would fall well short of analyst expectations thanks, in part, to plunging generic drug prices. Leerink’s Jason Gerberry and team look for specialty pharmaceutical companies that have similar business models–and find Akorn (AKRX), Perrigo (PRGO), and Teva Pharmaceutical Industries (TEVA). They explain:
When it comes to wedding gifts, its not just the thought that counts. The money counts, too. The average wedding guest will spend $127 on a gift for a family member, according to a 2016 American Express spending survey, and $99 on a gift for a friend. Youre wasting your money by giving gifts that brides and grooms dont want and wont use.
See Also on Kiplinger: 11 Gifts You Can’t Return....More>>>
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If youre like me, one of the untold millions who signed up for Amazon Prime years ago strictly for the free two-day shipping, you might not realize some of the other benefits of being a Primer.
SEE ALSO: 11 Things You Can’t Return to Amazon
Oh, I havent been clueless. I knew Prime members had access to free streaming videos and music, as well as Kindle reader freebies and whatnot.....More>>>
If you were looking for the market to find a direction today, well, keep on waiting.
The S&P 500 finished little changed at 2,050.63, while the Dow Jones Industrial Average rose 0.1% to 17,660.71. The Nasdaq Composite dipped 0.2% to 4,717.09.
Guild Investment Management’s Monty Guild and team expect a spring pull back to be followed by a summer bounce:
Meet the presidential candidates…in doll form Hillary Clinton is there. Ted Cruz is there. So are Bernie Sanders and Marco Rubio.
Who’s not there in Bleacher Creatures’ newest lineup of plush dolls inspired by the 2016 presidential candidates? Donald Trump.
Bleacher Creatures is best known for its 10-inch plush figures of famous athletes like New York Yankees’....More>>>
The crowd piled into investment-grade bonds last week as economic worries triggered an exodus out of risky assets. Reviewing the major asset classes for the week just passed through an ETF lens reveals sharply divided results. The safe-haven trade generated handsome gains for several ETFs representing broad measures of the global fixed-income realm for the five trading days through Feb. 5. Even....More>>>
Can U.S. department stores Amazon-proof their stores?
Thats the question Cowen analyst Oliver Chen asked today as a wild week of ugly earnings reports from big retail chains raised questions about consumer spending.
But the issues facing retailers are far more nuanced than whether shoppers are opening their wallets.
U.S. retail sales beat expectations,....More>>>
Morgan Stanley’s David Risinger and team give their thoughts on one of the most pressing questions for investors in shares of Valeant Pharmaceuticals International (VRX)–when will it be safe to invest? The answer is unclear:
When will it be safe to go back into the water? Over the last few months, it seems every time investors thought that there....More>>>
More details emerged about the proposed initial public offering (IPO) of shares in the world’s largest company, the state oil giant Saudi Aramco, following comments Saudi oil ministry advisor Ibrahim Muhanna made to the Wall Street Journal. The company will likely float around 5% of its shares, Muhanna said, and the listing may come within the next year.
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Shares of oil stocks plunged again as the price of West Texas Intermediate wiped out nearly half of its late-January rebound. Sluggish demand growth and stubbornly high supply has had investors whipsawed for months.
In all the confusion, it is difficult not to look at the long-term picture and be positive on oil and shares of energy companies. The dramatic cut in the North American rig....More>>>
One of the arguments against the current bull market is that the S&P 500 hasn’t suffered a bear market in seven years, so one must be overdue. MKM’s Jonathan Krinsky argues the maker has been experiencing a series of “rolling bear” markets. He explains:
In 1995′s “The Usual Suspects,” Kevin Spacey’s character had....More>>>