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:
Many world markets look toppy, with the U.S., Canada, and Brazil looking most attractive to buy after a short correction that is coming. While we are not bullish on most world stock markets, we believe that the U.S. market will experience a spring pull back, which could lead to a summer rally. The U.S. market is overbought from a technical perspective, with a high proportion of overbought stocks in the S&P 100. This overbought position makes the U.S. market vulnerable to a short-term decline of perhaps a few percent. This decline will provide a buying opportunity as stocks get a little cheaper. We believe that a combination of a lower Dollar and stronger economic growth will lead to an uptick in U.S. corporate profits in the second half of 2016. The weaker Dollar is highly significant, and we do not believe markets have fully digested its implications. We also see prospects for further appreciation in the Brazilian and Canadian currencies, as well as gold and oil, before year end.
Hot Canadian Stocks For 2018: Aclaris Therapeutics, Inc.(ACRS)
- [By Chris Lange]
Aclaris Therapeutics Inc. (NASDAQ: ACRS) saw its shares make a handy gain on Friday after the company announced the pricing of its secondary offering. The company intends to price its 4 million shares at $22.75 per share, with an overallotment option for an additional 600,000 shares. At this price the entire offering is valued up to $104.65 million.
- [By Peter Graham]
Small cap hair loss stocks Aclaris Therapeutics (NASDAQ: ACRS), Cytori Therapeutics (NASDAQ: CYTX) and RepliCel Life Sciences (OTCQB: REPCF; CVE: RP) are trying to tap into a big market as currently, there are only two FDA-approved drugs available for the treatment of Androgenetic Alopecia (AGA) -also known as male or female pattern baldness (one of which cannot be used by women). Thus, a significant unmet need exists for a safe andefficacious product especially since its experienced by 70% of men and 40% of women as they age.
Hot Canadian Stocks For 2018: Thor Industries Inc.(THO)
- [By Peter Graham]
A long term performance chart shows shares of Winnebago Industries and small cap peer Thor Industries, Inc (NYSE: THO) giving a similar performance with shares taking off last year before stumbling this year while Drew Industries, Inc (NYSE: DW) has mostly underperformed:
- [By Dan Caplinger]
Finally, shares of Winnebago Industries dropped 6%. The maker of recreational vehicles has been under pressure ever since rival Thor Industries (NYSE:THO) reported its most recent quarterly results earlier this week, and Thor’s story led shareholders to sell off that stock. Yet although Winnebago is in the same business as Thor, some investors think that it could succeed where Thor failed, especially because the Winnebago brand name is much more valuable and has greater customer recognition that many of its competitors’ offerings. Winnebago will have its own chance to report its financial results later this month, and although many investors seem to be betting against the RV maker, others believe that Winnebago could easily make its competitive advantage against Thor and other manufacturers clear with a solid performance this quarter.
- [By Elizabeth Balboa]
Supply could come from any number of industry players, including Winnebago Industries, Inc. (NYSE: WGO), Thor Industries, Inc. (NYSE: THO), Polaris Industries Inc. (NYSE: PII) and Camping World Holdings Inc (NYSE: CWH). However, whether it comes from existing inventory and whether suppliers can meet the demand are yet to be seen.
Hot Canadian Stocks For 2018: Tantech Holdings Ltd.(TANH)
- [By Jim Robertson]
On Friday, our Under the Radar Moversnewsletter suggestedshorting small cap China based carbon stock Tantech Holdings Ltd (NASDAQ: TANH):
“The downtrend here is crystal clear; more of the same weakness is there on the earlier part of the chart you can’t see. What’s so compelling about the selloff is yesterday’s bar. The bulls tried to bounce back, but couldn’t… the buyers threw in the towel. TANH peeled back to close closer to the low than the high, and is following through — to the downside — today.”