The short-vol trade is dead. Long live the short-vol trade.
Investors are discovering fresh ways to bet volatility across asset classes will tumble anew even as hawkish monetary policy, emerging-market turmoil and February’s vol-mageddon underscore headwinds to the complex trade.
ZTE Corp.’s shares cratered after it agreed to pay at least $1 billion in penalties and overhaul its management as part of a sweeping settlement agreement that allows it to resume business after a two-month hiatus.
China’s second-largest telecoms equipment maker fell as much
The S&P 500 is up nearly 7% year-to-date, but the average stock in the index is up just 5.70%. This means the largest stocks in the cap-weighted index are outperforming the smallest names. Even still, two-thirds of the stocks in the S&P are up year-to-date, while 35% of stocks are up more than 10%. Seventy stocks are up more than 20%, while just 25 are up more than 30%.
Investment company Catawba Capital Management buys Automatic Data Processing Inc, Parker Hannifin Corp, Verint Systems Inc, Best Buy Co Inc, Varian Medical Systems Inc, AMETEK Inc, NextEra Energy Inc, The Home Depot Inc, ITT Corp, AmeriGas Partners LP, sells AbbVie Inc, Maxim Integrated Products Inc, National Oilwell Varco Inc, Comcast Corp, Shire PLC during the 3-months ended 2017-12-31, according....More>>>
Arena Pharmaceuticals (ARNA) has announced that the company has partnered with Everest Medicines on Raliepag and Etrasimod in China and other Pacific region countries. The deal pays Arena $12 million in upfront cash and includes up to $212 million in milestones. In addition, Arena will receive royalties on the net sales of each drug that can go as high as low double-digits.
From a logic-driven perspective, miner Freeport-McMoRan Inc (NYSE:FCX) should have done quite well last quarter. Copper has maintained its price after an impressive 2016/2017 rebound, and ditto for gold.
Yet, there it is — FCX stock tumbled to the tune of 15% Tuesday following the release of first-quarter numbers that fell short of earnings and revenue expectations.
The Tampa Bay Times laid off 50 people last week. Management blamed the action on tariffs levied against newsprint imported from Canada to the U.S. That bump in prices will cost Tampa $3 million a year. Major newspaper chains face expenses that will be much higher, although these expenses are weighed against larger revenue
Several large newspaper chains will face the largest increases in....More>>>
Zinc may not immediately come to mind as an important metal for the global economy, but its actually the fourth most common metal in use -trailing only iron, aluminium and copper. Thats because zinc wouldmost commonly be used as an anti-corrosion agent and for galvanization (coating of iron or steel) plus for otherindustrial purposes (e.g. used as pigments,preservatives, propellants etc). Zincwasalso....More>>>
This is meant as a scientific/business development post as to the merits of VKTX. It is well known VKTX is undervalued (by upwards of 40x), but these details will not be discussed here. For a more detailed valuation analysis, see the end of Zacks SCR’s post.
Viking Therapeutics is a clinical stage biopharmaceutical....More>>>
Related UPS Total Eclipse Of The Trucking Industry: Cosmic Event Sheds Light On How Key Component Of Supply Chain Is Changing Benzinga's Top Upgrades, Downgrades For August 8, 2017 UPS Vice President Of Global Health And Safety Alexi Carli Awarded High Honor By The National … (GuruFocus)
Related UAL Benzinga's....More>>>
If you’re looking for tips on how to make money withpenny stocks today, we have one tip that can help you find the safest companies to invest in.
Investing in penny stocks is popular for one big reason: The shares are inexpensive, usually below $5, so you can quickly make triple-digit profits. Biotech penny stock Oncobiologics Inc. (Nasdaq: ONS) soared from $0.87 to $1.89 between....More>>>
News coverage about Benefitfocus (NASDAQ:BNFT) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies
Press coverage about Tapestry (NYSE:TPR) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale
Fitbit (NYSE:FIT) stock has surged more than 35% over the past couple of weeks. A slew of much-needed good news has been released, offering relief for shareholders after results from the first quarter of 2018 failed to impress. While recent events may be the proof many investors have been lookin
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its holdings in ServiceNow Inc (NYSE:NOW) by 8.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,975 shares of the information technology service
Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Commscope Holding Company Inc (NASDAQ:COMM) by 331.6% during the 1st quarter, Holdings Channel reports. The firm owned 25,510 shares of the communications equipment provider’s stock after buying an additional 19,600 s