Pharmaceutical companies usually are involved in a lengthy process of getting their drug candidates to market through clinical trials. There is a fair amount of risk involved, should a study come back negative or a candidate not be approved. Conversely, if a drug gains FDA approval or passes a c
Sweden’s krona soared after the debt office announced it will position for a stronger exchange rate, inserting itself into a debate over whether the central bank has been damaging Sweden’s economy with its efforts to weaken the currency.
Eldorado Resorts Inc. and real-estate company Gaming and Leisure Properties Inc. are teaming up to buy Carl Icahn’s casino operator, Tropicana Entertainment Inc., for $1.85 billion in cash, adding to a wave of consolidation in the gambling industry.
Gaming and Leisure will pay $1.21 billion for most of Tropicana’s casinos and will lease the properties to Eldorado, the buyers....More>>>
What exactly are “baby bonds” and why do they pay such high yields? How safe are they? Where do they fall in the capital stack when it comes to possibly bankruptcy.
Baby bonds, or exchange-traded debt, are similar to preferred stock in that each behaves both like a stock and a bond. Baby bonds trade like stocks on the major exchanges, however there is a narrow range of prices....More>>>
ImmunoGen (IMGN) is a clinical-stage biotechnology company focused on cancer treatments. The stock price has been on a roll this year, rising from a 52-week low of $2.30 per share on February 8, 2017, to a 52-week high of $10.04 on February 2, 2018.
ImmunoGen does not yet have approval from the FDA to market a drug. The excitement is based on clinical trial results so far, raising hopes for....More>>>
Shares of United Parcel Service (NYSE:UPS) gapped up before the market opened on Tuesday . The stock had previously closed at $113.61, but opened at $115.78. United Parcel Service shares last traded at $115.91, with a volume of 129650 shares changing hands.
A number of analysts have recently weighed in on UPS shares. Zacks Investment Research downgraded United Parcel Service from a “buy”....More>>>
There are almost as many dividend-stock-picking strategies as there are dividend stocks. You could go for the dividend achievers, which have boosted dividends for at least 10 consecutive years, or the aristocrats, which have raised dividends for at least 25 years. You could focus on stocks with the fastest dividend-growth rates, or simply those with todays highest yields.
The remarkable rally continues for one Stansberry Venture Technology holding… Shares of semiconductor firm Nvidia (NVDA) surged to a fresh record high recently after the company's latest earnings report. The stock is up about 100% so far this year. Nvidia reported third-quarter earnings of $1.33 per share, up 41% year over year, and well above the $0.94 per share Wall....More>>>
Stocks are continuing their upward march on Monday, with the Dow Jones Industrial Average on track for its seventh-consecutive rise. Headlines are light, with worries over U.S.-China tensions easing slightly as President Trump surprised many on Sunday night with a pledge to help Chinese telecom giant ZTE “get back into business, fast” after a U.S. ban crippled it.
Currently, I hold Uniti Group Inc. (UNIT) a buy for risk-tolerance investors. After a solid earnings call and improving fundamentals, I feel it is prudent to lower my risk rating on Uniti and rate it simply a buy. What is the difference? Previously, I believed that only those investors who were self-deemed risk tolerant should purchase shares, this was due to the greater....More>>>
Timing the market is easily one of the most difficult parts of trading. In particular, calling the market bottom and knowing when to get in is usually something investors only know way after the fact. 24/7 Wall St. is looking back to when the S&P 500 bottomed back in March 2009 to see how some of the major blue chips have fared since then.
Back on March 6, 2009, the S&P 500 bottomed....More>>>
Zacks Investment Research upgraded shares of Carnival Cruise Line (NYSE:CCL) from a hold rating to a buy rating in a report released on Tuesday morning. The firm currently has $73.00 price objective on the stock.
According to Zacks, “Carnival shares have outperformed the industry i
Engineers Gate Manager LP lowered its stake in shares of United Rentals, Inc. (NYSE:URI) by 14.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,646 shares of the construction company’s stock after selling 6
Trexquant Investment LP trimmed its holdings in shares of Dolby Laboratories, Inc. (NYSE:DLB) by 49.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,684 shares of the electronics maker’s stock after selling 4,492 shares during the pe
In early 2017, I wrote an article on Berkshire Hathaways intrinsic value. At the time, I asserted Berkshire was worth $200-$215 per share a valuation range briefly exceeded earlier this year. Several readers asked me to update my analysis to account for changes that have occurred in the interi
The short interest in social media company Snap Inc. (NYSE: SNAP) rose 16 million shares, or 17%, to 109 million shares for the period that ended May 15. It is the 11th most shorted stock traded on the New York Stock Exchange. Worse, the position is 25% of the float, a sign of how big the bet re