The federal government and Wall Street are at it again, scratching each other’s backs at your expense…
They did it in 1999, when the government repealed Glass-Steagall – and opened the door leading to the Financial Crisis.
They did it in September 2008, when the Treasury Department loaned Wall Street banks $700 billion of U.S. taxpayer money to bail them out from their own misdeeds, many of which stemmed from repealing Glass-Steagall.
Blackstone Group CEO Tony James
And yet again in 2010 when they passed Dodd-Frank, a reform that was meant to reign in excesses but which has actually further concentrated Wall Street’s grip.
And now these two institutions are pushing to socialize your retirement savings accounts…
investment meaning: Codexis, Inc.(CDXS)
Advisors’ Opinion:
- [By Jim Robertson]
On Tuesday, our Under the Radar Moversnewsletter suggested taking a long/bullish position in small cap biocatalysts developer Codexis, Inc (NASDAQ: CDXS):
- [By Maxx Chatsko]
While companies with lower-priced shares are often riskier than those with higher prices, some companies trading under $5 per share have intriguing potential. Investors searching for overlooked growth opportunities should consider industrial biotech BioAmber (NYSE:BIOA), pharmaceutical services company Codexis (NASDAQ:CDXS), and one-trick-pony biopharma Keryx Biopharmaceuticals (NASDAQ:KERX).
investment meaning: ADDvantage Technologies Group, Inc.(AEY)
Advisors’ Opinion:
- [By Jim Robertson]
Today, our Under the Radar Moversnewsletter suggestedshorting small cap cable television and telecommunications equipment stock ADDvantage Technologies Group, Inc (NASDAQ: AEY):
investment meaning: Weatherford International plc(WFT)
Advisors’ Opinion:
- [By Ben Levisohn]
Weatherford International (WFT) has climbed 7.8% to $6.35 after announcing a joint venture with Schlumberger (SLB). Schlumberger has declined 0.4% to $76.67.
- [By Craig Jones]
Jon Najarian spoke on CNBC's "Fast Money Halftime Report" about unusual options activity in Weatherford International Plc (NYSE: WFT). The stock was trading more than 2.5 percent higher and options traders were buying the October 4.50 calls. Over 13,000 contracts were traded and the first block was huge. Najarian explained that an institutional trader was behind the first block and he decided to follow the trade. He is planning to hold the long position for two weeks.
- [By Ben Levisohn]
When Weatherford International (WFT) announced that it had named Halliburton (HAL) CFO Mark McCollumits new CEO, its shares jumped as some observers contended itincreased the odds of an acquisition by the oil-services giant. It looks like they picked the wrong oil-services giant, however, as Weatherford and Schlumberger (SLB) announced a joint venture late Friday, one that has sent Weatherford’s shares soaring and earned it an upgrade from Wells Fargo analystsJudson Bailey andColeman Sullivan. They explain why:
AP
We are upgrading WFT to Outperform from Market Perform as we like the hire of Mark McCollum as CEO and now the formation of the OneStim JV, which gives us greater confidence in improving operations and the de-levering of the balance sheet long-term. We view the JV announcement between WFT and SLB late Friday as a positive outcome for WFT as it provides an immediate cash infusion of $535 MM and a 30% stake in what will likely be a stronger #2 competitor to HAL in NAM pressure pumping/completion services. We value the OneStim JV today at approximately $4 Bn ($1.2 Bn to WFT) with the potential for value uplift to $6-7 Bn assuming SLB improves utilization for WFTs pressure pumping assets.
Shares of Weatherford International have risen 9% to $5.89, while Schlumberger has fallen more than 1% to $77 and Halliburton has fallen 1.3% to $49. TheVanEck Vectors Oil Services ETF (OIH) has declined 0.64%.
investment meaning: SuperCom, Ltd.(SPCB)
Advisors’ Opinion:
- [By Monica Gerson]
Supercom Ltd (NASDAQ: SPCB) is estimated to post its quarterly earnings at $0.15 per share on revenue of $9.03 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
- [By Lisa Levin]
Supercom Ltd (NASDAQ: SPCB) shares shot up 53 percent to $4.17 after the company reported strong results for its third quarter. SuperCom expects FY17 sales of at least $35 million.
investment meaning: Santander Consumer USA Holdings Inc.(SC)
Advisors’ Opinion:
- [By Jim Robertson]
On Friday, our Under the Radar Moversnewsletter suggested going long on small cap consumer financestock Santander Consumer USA Holdings (NYSE: SC):
- [By Wayne Duggan]
Height Financial Services analyst Edwin Groshans believes Credit Acceptance Corp, Santander Consumer USA Holdings Inc (NYSE: SC), Ally Financial Inc (NYSE: ALLY) and Capital One Financial Corp. (NYSE: COF).
