CHAPEL HILL, N.C. Good news: The stock market is dropping. The Dow Jones Industrial Average, while ending Thursday well off its early triple-digit decline, fell for the sixth time in nine days to close at its lowest level in 2陆 weeks.
Why is that good news?
Because by dropping in October, the stock market creates the preconditions for a significant rally through the end of the year. This year appears to be quite closely following at least the beginnings of that script.
stock market value: Maxwell Technologies, Inc.(MXWL)
- [By Monica Gerson]
Maxwell Technologies (NASDAQ: MXWL) surged 9.20% to $10.21. The volume of Maxwell Technologies shares traded was 325% higher than normal. Maxwell’s trailing-twelve-month revenue is $190.57 million.
- [By Jim Robertson]
On Tuesday, our Under the Radar Moversnewsletter suggestedgoing long on small cap energy storage and power delivery stock Maxwell Technologies (NASDAQ: MXWL):
stock market value: Sears Holdings Corporation(SHLD)
- [By Adam Levine-Weinberg]
In the past week, Sears Holdings (NASDAQ:SHLD) CEO Eddie Lampert has tried to calm investor fears that his company is teetering on the brink of bankruptcy. However, his comments have only served to fan the flames.
- [By Rich Duprey]
Despite the heady picture, Whirlpool’s stock trades at just 10 times next year’s earnings estimates, which analyst consensus forecasts place at around $17.60 per share, a 12% rise year over year. Perhaps weighing on the outlook is the potential for Sears Holdings (NASDAQ:SHLD) to go bankrupt, which would be a loss of a major distribution channel for the owner of Whirlpool, Maytag, and Amana appliances.
- [By Rich Duprey]
Sears Holdings (NASDAQ:SHLD) chairman and CEO Eddie Lampert has finally begun implementing a series of smart and on target initiatives to revive the retailer. But they’re so delayed, and the once-venerable company has fallen so far and been damaged so badly, that they likely won’t matter.
- [By WWW.THESTREET.COM]
While Sears Holdings Corp. (SHLD) CEO Eddie Lampert is busy railing on his vendors in blog posts, Home Depot (HD) is preparing to thieve even more of the retailer’s once lucrative tools and appliances sales.
- [By Sean Williams]
For example, Sears Holdings (NASDAQ:SHLD) has been actively attracting short-sellers in recent months. Sears has been downsizing both its Sears and Kmart locations in an effort to save money, and it’s been parting ways with a couple of its core brands. In January, Sears announced that it was divesting its Craftsman brand to Stanley Black & Decker (NYSE:SWK), which will allow Stanley Black & Decker to get the Craftsman brand into far more department stores than just Sears.
- [By Douglas A. McIntyre]
The mall was created by accident, in some ways. Downtown Bloomington, Minnesota, lost its two largest corporate residents in 1982, football’s Minnesota Vikings and baseball’s Minnesota Twins. Over 78 acres became available for development. After debates about what should happen to the land, local officials decided to give it to financiers who wanted to build America’s largest home for retailers. It opened in 1992, two years before Amazon.com Inc. (NASDAQ: AMZN) was founded. Early tenants included Macy’s Inc. (NYSE: M), the Sears division of Sears Holdings Corp. (NASDAQ: SHLD) and Nordstrom Inc. (NYSE: JWN). All three have been injured by the current downturn in traditional retail sales.
stock market value: Alnylam Pharmaceuticals Inc.(ALNY)
- [By Chris Dier-Scalise]
On Thursday, the Vetr crowd downgraded Alnylam Pharmaceuticals, Inc. (NASDAQ: ALNY) from 4.5 stars (Strong Buy), which was issued two days ago, to 3.5 stars (Hold). Crowd sentiment for Alnylam at the time of the downgrade was edging positive, with 66 percent of Vetr user rating bullish.
- [By Brian Orelli]
Alnylam Pharmaceuticals (NASDAQ:ALNY) jumped as much as 14.5% today after announcing earnings after the bell yesterday. As a development-stage biotech, it wasn’t the revenue or the earnings that caused the spike, but the progression of Allnylam’s pipeline.
- [By Ben Levisohn]
Yesterday, after markets closed, it was announced that US Federal District Court Judge Sue Robinson ruled to issue a permanent injunction against Praluent, the PCSK9 mAb for hypercholesterolemia from partners Regeneron and Sanofi, due to infringement of patents from Amgen. The court has imposed a 30-day suspension (stay) on the injunction to allow for settlement or appeal of the District Court decision. Sanofi and Regeneron have announced their intent to appeal the ruling to the US Court of Appeals for the Federal Circuit (CAFC). The injunction decision is consistent with our counter-consensus published views communicated on 25 January 2016 (“Downgrade to Sell on evidence of likely infringement of Amgen’s PCSK9 patents”) and subsequently. Based on consultation with expert legal counsel, we now put >75% probability Amgen will prevail on appeal and/or Praluent is ultimately removed from the US market, and/or Amgen achieves a settlement substantially in i ts favor. We currently model $3.3 bn in non-risk-adjusted 2022E US revenues for Praluent, while consensus models $1.2 bn in 2022E US revenues. We reiterate our view from 25 January 2016 to preferentially own Amgen, The Medicines Company (MDCO) (Buy), and Alnylam (ALNY) (Buy) over Regeneron for exposure to PCSK9 inhibitor market dynamics as outcomes trials approach.
stock market value: Noah Holdings Ltd.(NOAH)
- [By Monica Gerson]
Noah Holdings Limited (ADR) (NYSE: NOAH) is estimated to post financial results for its latest quarter.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
stock market value: Quality Systems, Inc.(QSII)
- [By Jim Robertson]
On Tuesday, our Elite Opportunity Pronewsletter suggested small cap health care technology stock Quality Systems, Inc (NASDAQ: QSII) as a short-term trading opportunity after popping sharply on news:
stock market value: Durect Corporation(DRRX)
- [By Lisa Levin]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Wednesday's regular session.