BMO Capital Markets analyst M. IanSomaiya and team take a look at the “clinical readouts through the end of 2016″ and find upside catalysts for Celgene (CELG), Amgen (AMGN), Biogen (BIIB), and Gilead Sciences (GILD) They explain:
Paulo Fridman/Bloomberg News
Celgene: We believe positive data from the mongersen Phase 2 endoscopy study should move shares higher if the trial demonstrates a benefit on CDAI (the Phase 3 primary endpoint) in line with the IGON-1 Phase 2 trial and endoscopic improvement correlated with therapy duration.
Amgen: We believe positive data from the GLAGOV vascular imaging trial could provide a positive read-through to the success of the ongoing FOURIER CV outcomes trial (data expected 2017).
Biogen: We believe positive titration data from the ongoing Phase 1b study of aducanumab in Alzheimer’s disease could de-risk the ongoing Phase 3 trials.
Top Information Technology Companies To Buy For 2017: Arista Networks, Inc.(ANET)
Arista Networks, Inc. provides cloud networking solutions. The company offers extensible operating systems, a set of network applications, and Ethernet switches. It serves a range of industries, including Internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, and others. Arista Networks, Inc. markets its products through direct sales force and channel partners, such as distributors, value-added resellers, systems integrators, and original equipment manufacturer partners. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was founded in 2004 and is headquartered in Santa Clara, California.
- [By Lisa Levin]
Arista Networks Inc (NYSE: ANET) shares shot up 11 percent to $64.37 after the company reported upbeat results for its fourth quarter.
Shares of The Chefs Warehouse, Inc (NASDAQ: CHEF) got a boost, shooting up 18 percent to $18.36 on Q4 results. Chefs’ Warehouse reported Q4 modified pro forma earnings of $0.26 per share on revenue of $299.7 million.
- [By Monica Gerson]
Arista Networks Inc (NYSE: ANET) reported upbeat results for the first quarter and issued a strong revenue forecast for the current quarter. Arista Networks shares gained 3.84 percent to $66.02 in the after-hours trading session.
Top Information Technology Companies To Buy For 2017: Blackrock Global(BOE)
BlackRock Global Opportunities Equity Trust (the Trust), incorporated on February 22, 2005, is an investment trust. The Trusts primary investment objective is to seek current income and current gains, with a secondary objective of long-term capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in equity securities issued by companies located in countries throughout the world and utilizing an option writing (selling) strategy to seek total return performance and enhance distributions.
Under normal circumstances, the Trust invests its total assets in foreign issuers, issuers that primarily trade in a market located outside the United States or issuers that do business outside the United States. The Trust may invest directly in such securities or synthetically through the use of derivatives. BlackRock Advisors, LLC is an investment advisor of the Trust. The Trust invests in various sectors, such as energy, consumer p roducts, financial institutions, industrials, technology, basic materials, telecommunications, health care, real estate, transportation, aerospace and defense, automotive, building and development, and entertainment and leisure.
- [By Robert Rapier]
Whiting Petroleum (WLL) is one of Continental’s biggest competitors in the Bakken. Whiting is the second-largest oil producer in North Dakota, averaging 82,500 barrels of oil equivalent (BOE) of production in 2012, across more than 700,000 acres of leased land.
5 Best Paper Stocks To Own For 2017: Coeur d’Alene Mines Corporation(CDE)
Coeur d’Alene Mines Corporation, together with its subsidiaries, engages in the ownership, operation, exploration, and development of silver and gold mining properties located primarily in South America, Mexico, the United States, and Australia. The company also explores for lead and zinc ores. Its properties include the Palmarejo mine located in the state of Chihuahua, northern Mexico; San Bartolome mine located near Potosi, Bolivia; Kensington mine located north-northwest of Juneau, Alaska; Rochester mine located in northwestern Nevada; Martha mine located in Santa Cruz, Argentina; and the Endeavor mine in New South Wales, Australia, as well as Joaquin, Tornado, and Satelite properties in Santa Cruz, Argentina. The company was founded in 1928 and is based in Coeur d?Alene, Idaho.
- [By Ben Levisohn]
Given revised commodity deck forecasts (particularly for Steel and Gold) and improved Balance Sheet health (Steels, Precious and Industrials Metals) we are upgrading our ratings on several stocks in our coverage. We generally favor companies that have already initiated specific self-help, have low-cost assets and are less exposed to China supply and demand dynamics. In Steels, we have increased our rating from Hold to Buy on Nucor (NUE) and from Sell to Hold on US Steel. We have also upgraded Kinross Gold (KGC) to a Hold on valuation…On higher-than-peer valuations, we reiterate Sell-rated Coeur Mining (CDE), Franco-Nevada (FNV), Goldcorp (GG), Teck Resources (TCK) and highly leveraged AK Steel given preference to issue further equity if possible.
- [By Manikandan Raman]
Citing bullish outlook on silver prices, Peter Bures of Canaccord Genuity has started coverage of four silver producers: Pan American Silver Corp. (USA) (NASDAQ: PAAS), Coeur Mining Inc (NYSE: CDE), Hecla Mining Company (NYSE: HL), and Endeavour Silver Corp (NYSE: EXK). The brokerage also assumed coverage of Fortuna Silver Mines Inc (NYSE: FSM) with a Buy rating.
- [By Ben Levisohn]
Deutsche Bank’s Jorge Beristain and Chris Terry released their earnings preview for the gold miners–including Barrick Gold (ABX), Goldcorp (GG), Franco-Nevada (FNV), and Coeur Mining (CDE)–and conclude that only one gold miner deserves a Buy rating: Newmont Mining (NEM). They explain why:
Top Information Technology Companies To Buy For 2017: Vera Bradley Inc.(VRA)
Vera Bradley, Inc., through its subsidiary, Vera Bradley Designs, Inc., engages in the design, production, marketing, and retail of functional accessories for women under the ?Vera Bradley? brand. Its products include a range of handbags, accessories, and travel and leisure items. The company sells its products to independent retailers located in the United States, as well as to national retailers and third party e-commerce sites. As of January 29, 2011, Vera Bradley, Inc. sold its products directly through 35 full-price stores, 4 outlet stores, verabradley.com, and an annual outlet sale in Fort Wayne, Indiana. The company was founded in 1982 and is headquartered in Fort Wayne, Indiana.
- [By Roberto Pedone]
My first earnings short-squeeze play is designer, producer and retailer of functional accessories for women Vera Bradley (VRA), which is set to release numbers Wednesday after the market close. Wall Street analysts, on average, expect Vera Bradley to report revenue of $124.81 million on earnings of 32 cents per share.
Just this morning, Lazard Capital said it expects Vera Bradley’s second quarter results to miss guidance and consensus estimates and reiterates a sell rating on the stock with a $16 price target. The firm also said the company’s third quarter outlook will miss estimates due to sales below plan and promotions above plan.
The current short interest as a percentage of the float Vera Bradley is extremely high at 55.2%. That means that out of the 21.61 million shares in the tradable float, 11.09 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 5.4%, or by about 565,000 shares. If the bears get caught pressing their bets into a bullish quarter, then shares of VRA could easily rip higher post-earnings.
From a technical perspective, VRA is currently trending below both its 50-day and 200-day moving averages, which is bearish. This stock has been downtrending badly for the last month and change, with shares falling from its high of $26.33 to its intraday low of $18.67. During that move, shares of PBY have been consistently making lower highs and lower lows, which is bearish technical price action.
If you’re bullish on VRA, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance at $20.09 a share with high volume. Look for volume on that move that hits near or above its three-month average action of 423,263 shares. If that breakout hits, then VRA will set up to re-test or possibly take out its 50-day moving average at $21.79 or its 200-day moving average of $23.