investment banking


This article is reprinted by permission from NextAvenue.org.

Managing your money is hard enough. But what if your income fluctuates so much that for more than five months of the year, its 25% above or below your monthly average? That kind of roller-coaster financial insecurity is exactly what the authors of the new book The Financial Diaries discovered while tracking the lives of 470 low- and moderate-income Americans in 235 households.

investment banking: EnSync, Inc.(ESNC)


Advisors’ Opinion:

  • [By Peter Graham]

    A long term performance chart shows Energous Corporation and potential small cap networking or power peer Acacia Communications (NASDAQ: ACIA) having a run up late last year while small cap Ultralife Corp (NASDAQ: ULBI) is heading back up to previous highs and EnSync Inc (NYSEMKT: ESNC) has underperformed:

investment banking: Freeport-McMoran, Inc.(FCX)

Advisors’ Opinion:

  • [By Benzinga News Desk]

    Stephens (Equal-Weight) and Citi (Sell) both downgraded Atwood Oceanics (NYSE: ATW).

    Sell-Side's Most Noteworthy Calls Investec downgraded Anheuser-Busch (NYSE: BUD) to Hold. Deutsche Bank downgraded Freeport McMoRan (NYSE: FCX) to Hold. Goldman Sachs upgraded Microsoft (NASDAQ: MSFT) to Buy. Barclays upgraded Teck Resources (NYSE: TCK) to Overweight. BTIG started Adobe (NASDAQ: ADBE) at Neutral. Deal Talk

    U.S. oil refiner Tesoro (NYSE: TSO) said it would buy Western Refining (NYSE: WNR) for $4.1 billion to add refineries in Texas, New Mexico and Minnesota. The combined company will have refining capacity of over 1.1 million barrels per day. Tesoro has refineries in California, Washington, Alaska, Utah and North Dakota.

  • [By Craig Jones]

    On CNBC's Fast Money Halftime Report, Jon Najarian spoke about unusually high options activity in Freeport-McMoRan Inc (NYSE: FCX). He said that traders were buying the January 13, 14-strike calls on Tuesday. He added that these calls expire prior to the earnings release and he is wondering if someone is betting that the company is going to pre-announce earnings results. Around 9,000 contracts were traded in the first half of the session and Jon Najarian decided to follow the trade. He is planning to hold the long position in Freeport-McMoRan for a week.

  • [By Craig Jones]

    On CNBC's Fast Money Halftime Report, Jon Najarian spoke about unusually high call options activity in Macy's Inc (NYSE: M) and Freeport-McMoRan Inc (NYSE: FCX).

  • [By Ben Levisohn]

    Freeport-McMoRan (FCX) ledthe S&P 500 today lower today after metal prices fell on concerns that President Donald J. Trump won’t be able to pass his pro-growth agenda.

    Getty Images

    Freeport-McMoRandropped 4.7% to $12.21, while the S&P 500 dipped 0.1% to 2,341.59.


    Evercore ISI’s Dennis DeBusschere and team discuss the impact of the healthcare failure on risky assists like commodities:

    Risk assets are lower globally as the USD continues to lead bond yields, global equities and commodity prices lower. The DXY is down -3% since March 10th and the declines accelerated overnight as investor concerns over the size, timing and likelihood of fiscal stimulus grow. In addition, PBoC Governor Zhou Xiaochuan noted that China is at the end of ultra-easing measures. The recent drumbeat of news from China noting that they are moving away from growth at all costs has helped push commodity prices lower. Declines in copper, iron ore and steel accelerated overnight.


    Freeport-McMoRan’s market capitalization fell to $17.6 billion.It reported a net lossof $3.9 billion on sales of $14.6 billion in 2016.

  • [By Jon C. Ogg]

    The metals and mining sector has seen many winners, particularly in steel and copper. Freeport-McMoRan Inc. (NYSE: FCX) is big in copper and shares were last seen down 0.3% at $13.90 late on Monday, which might have been up more had it been less diversified. Shares of Freeport-McMoRanare up 26% in the past fivetrading days. The stock has a market cap of $18 billion.

investment banking: G&K Services, Inc.(GK)


Advisors’ Opinion:

  • [By Ben Levisohn]

    We maintain our positive view toward Cintas, particularly as G&K Services (GK) is likely to bolster Cintas’s growth potential over the next few years. However, after strong appreciation since the G&K announcement last August, we believe that much of the good news is already priced in at 25x/22x our pro-forma FY18/FY19 adjusted EPS estimates. As a result, we rate CTAS Sector Perform and await a better entry point.

  • [By Ben Levisohn]

    Cintas (CTAS) soared to the top of the S&P 500 today after the uniform provider received the go-ahead for its purchase of G&K Services (GK).

investment banking: Cabot Oil & Gas Corporation(COG)

Advisors’ Opinion:

  • [By David Sterman]

    Take Cabot Oil & Gas (NYSE: COG(link is external)) as an example. As I noted earlier this month(link is external), Cabot’s current drilling plans are expected to lead to a big spike in output over the next few years. The company’s executives decided to plow ahead with development plans, even as rivals were retrenching. The fact that natural gas prices have risen more than 10% in the past three weeks simply underscores the wisdom of that strategy, and could lead to rising sales and profit estimates. 

  • [By Paul Ausick]

    Cabot Oil & Gas Corp. (NYSE: COG) is rated as a Hold with a new price target of $24. The EPS estimate has been cut from $0.60 to $0.47 for 2017, and the 2018 estimate has been increased from $0.70 to $1.19. Shares closed at $22.36 on Friday in a 52-week range of $19.77 to $25.74. The consensus 12-month price target is $28.72.

investment banking: CNO Financial Group, Inc.(CNO)

Advisors’ Opinion:

  • [By Paul Ausick]

    CNO Financial Group Inc. (NYSE: CNO) dropped about 8.1% on Friday to post a new 52-week low of $14.29 against a 52-week high of $20.88. Volume of more than 6 million was more than 3 times the daily average of around 1.8 million. The stock closed at $15.55 on Thursday night. The company on Thursday cut its re-insurance agreements with Beechwood Re following disclosure that regulators that many of Beechwood’s assets did not comply with insurance company guidelines.

investment banking: Microbot Medical Inc. (MBOT)


Advisors’ Opinion:

  • [By Lisa Levin]

    Microbot Medical Inc (NASDAQ: MBOT) shares shot up 51 percent to $7.76 after reporting a significant technology patent allowance in the U.S. The patent allowance covers a device for the prevention of shunt stenosis.

  • [By Lisa Levin]

    Microbot Medical Inc (NASDAQ: MBOT) shares dropped 34 percent to $2.50. Microbot Medical reported a $10 million registered direct offering

    Shares of NewLink Genetics Corp (NASDAQ: NLNK) were down 12 percent to $11.13 after the company reported that indoximod + PROVENGE resulted in statistically significant improvement in rPFS for patients with mCRPC in Phase 2 trial.

  • [By Lisa Levin]

    Shares of Microbot Medical Inc (NASDAQ: MBOT) got a boost, shooting up 15 percent to $8.77 after the company reported a 700,000 share direct offering for $3.5 million.

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