A video board display's the numbers after the closing bell of the Dow Industrial Average at the New York Stock Exchange on November 8, 2017 in New York. Wall Street inched to another trifecta of record closes with the Dow finishing at its fifth straight all-time high.
Alphabet (GOOGL) doesn't seem like your typical growth stock, considering it opened at $1,030.99 this morning (Oct. 27, 2017). But Wall Street is overlooking the explosive potential our tech guru sees…
Money Morning Director of Technology & Venture Capital Research
Cerus Corporation (CERS) is a $271 million market cap company focused on blood transfusion products. The company has viable products and anticipates it’s increasing sales of platelet products is removing some previous sales ramp uncertainty. By expanding its supply agreement with the French National Blood Service, EFS, and the American Red Cross (plus increased funding from BARDA), Cerus is....More>>>
Shares of Nevsun Resources (NYSEMKT:NSU) declined sharply, after the Q4 2016 earnings release. On Friday, shortly after the markets opened, Nevsun’s shares hit a low at $2.34. It is just shy of the multi-year low of $2.27, reached in January 2016. The share price managed to recover slightly and it closed at $2.72, which is close to the support level created during October 2016. Despite the....More>>>
Advising Clients on Social Security: Talking Points, Part 3
IRS Issues Excise Tax Relief Related to DOL Fiduciary Rule
Wells Fargo has reached a $110 million settlement with its bank clients tied to as many as 2 million fake accounts. This news comes about six months after the bank agreed to pay $185 million in fines and penalties....More>>>
And all the other polls. Brexit tried to teach us about foregone conclusions, but the market is the student at the back of the class, throwing spitwads and doodling. And so here we are, with a losing day ahead for Wall Street, and panic buying of gold and the Japanese yen.
Near term, of course, we know what to expect market-wise, both from polls....More>>>
Valeant Pharmaceuticals will report its Q4 earnings on February 28th. VRX stock remains a risky bet going into the earnings. Flickr
Valeant Pharmaceuticals Intl Inc(NYSE:VRX) stock has been rallying going into this earningsseason. Valeant stock is up by more than 20% since the beginningof February. VRX stock is currently facing resistance from the100-day simple moving average trendline.....More>>>
Recommendation #1 Worked Well – If you have been following my work, I recommended that you sell your marijuana stocks on or about the November 8 election date, anticipating an upside over-reaction. Recommendation #2 Worked Well – I made reference in this article, where the below is a snippet:
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Stifel’s Michael Scialla and Daniel Guffey warn investors not to chase the biggest gainers among the exploration & production stocks, including Denbury Resources (DNR) and Whiting Petroleum (WLL), and instead stick with more stable fare such as Anadarko Petroleum (APC), Rice Energy (RICE), and Continental Resources (CLR). They explain:
It's been a bad month for Pegasystems (NASDAQ: PEGA), with investors running for the exits after a huge top-line miss in Q3. For an enterprise software company, there's probably nothing worse. Pegasystems sold off from all-time highs near $65 and now trades nearly 20% lower, in the low $50s.
Money Morning Director of Technology & Venture Capital Research Michael A. Robinson already has a bullish Facebook stock price prediction, and we just received 1.3 billion more reasons to like Facebook Inc. (Nasdaq: FB) stock.
On Friday, small cap The Stars Group (NASDAQ: TSG), a leading provider of technology-based products and services in the global gaming and interactive entertainment industries,rose 10.60%after updating itspreviously announced guidance ranges for the full year 2017 and announcing the prepayment of
Pegasystems (NASDAQ:PEGA) is an online CRM (customer relationship manager) that must be doing something right because is up against a much bigger and formidable competitor like Salesforce (NYSE:CRM), as well as other much bigger companies like SAP AG (NYSE:SAP) and Oracle (NYSE:ORCL).