Tag Archives: FRAN

GoPro, Axovant Sciences Plunge into Monday’s 52-Week Low Club

January 8, 2018: Here are four stocks trading with heavy volume among 45 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by less than 3 to 2 and on the Nasdaq, advancers and decliners finished roughly even.

GoPro Inc. (NASDAQ: GPRO) dropped about 33% Monday to post a new 52-week low of $5.04 after closing at $7.52 on Friday. The stock’s 52-week high is $11.89. Volume was around 55 million, nearly 14 times the daily average of around 4.6 million. The company cut its profit guidance this morning, among other bits of bad news for shareholders.

Axovant Sciences Ltd. (NASDAQ: AXON) plunged about 57% to post a new 52-week low of $2.31 Monday after closing at $5.37 on Friday. The 52-week high is $27.98. Volume of about 10.5 million was more than eight times the daily average of around 1.2 million. The company’s Alzheimer disease drug posted mixed, but most unsatisfying results.

Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) traded down nearly 22% Monday and posted a new 52-week low of $44.00 after closing Friday at $56.37. The 52-week high is $73.48. Volume was about 7.5 million, more than six times the daily average of around 1.2 million shares. The company lowered fourth quarter guidance this morning.

Francesca’s Holdings Corp. (NASDAQ: FRAN) dropped about 4.5% Monday to post a 52-week low of $5.68 after closing at $5.95 on Friday. The 52-week high is $19.50. Volume was around 2.7 million, more than double the daily average. The specialty retailer lowered its fourth-quarter outlook last Friday and the investor walkaway continues.

24/7 Wall St.
Tech Industry Revenues to Reach $351 Billion This Year

bombay stock exchange

Blackstone co-founder Stephen Schwarzman (Photograph by Jamel Toppin)

As President Donald Trump visits Saudi Arabia on the biggest foreign trip of his presidency, private equity giant Blackstone Group is unveiling a $40 billion infrastructure fund with the gulf nation, which will primarily invest in the United States. Saudi Arabia will commit $20 billion to the Blackstone infrastructure fund and another $20 billion will be raised from other limited partners, readying cash that could lead to $100 billion in total infrastructure investments on a leveraged basis.

Blackstone, co-founded by billionaire Stephen Schwarzman, head of Trump’s business council, said on Saturday morning the fund effectively launches a new business line for the over $360 billion in assets firm. Already a powerhouse in private equity, real estate, hedge funds and credit investments, Blackstone has been preparing for a push into infrastructure, spotting an opportunity as large investors increasingly plant their money into the cogs of the global economy such as buildings, ports, wireless infrastructure, pipelines, railroads and airports.

bombay stock exchange: Virtusa Corporation(VRTU)

Advisors’ Opinion:

  • [By Lisa Levin]

    Technology shares gained around 0.85 percent in trading on Friday. Meanwhile, top gainers in the sector included Virtusa Corporation (NASDAQ: VRTU), and Ceragon Networks Ltd (NASDAQ: CRNT).

bombay stock exchange: Expeditors International of Washington, Inc.(EXPD)

Advisors’ Opinion:

  • [By Monica Gerson]

    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 Friday's regular session.

    PACCAR Inc (NASDAQ: PCAR) Aug16 52.5 Puts: 10000 @ ASK $1.70: 10k traded vs 335 OI: Earnings 7/26 $54.94 Ref
    Regeneron Pharmaceuticals Inc (NASDAQ: REGN) Jul16 345 Puts: 949 @ ASK $8.70: 1003 traded vs 55 OI: Earnings 8/2 $360.20 Ref
    NVIDIA Corporation (NASDAQ: NVDA) Fri 6/24 47.0 Puts (Wkly) Sweep: 689 @ ASK $1.12: 3758 traded vs 136 OI: Earnings 8/4 $46.69 Ref
    Medivation Inc (NASDAQ: MDVN) Sep16 55.0 Puts: 4000 @ Above Ask! $3.40: 5303 traded vs 716 OI: Earnings 8/4 $59.44 Ref
    Expeditors International of Washington (NASDAQ: EXPD) Aug16 47.0 Puts Sweep: 950 @ ASK $1.35: 973 traded vs 381 OI: Earnings 8/2 $48.15 Ref

    Posted-In: Huge Put PurchasesNews Options Markets

bombay stock exchange: Forward Pharma A/S(FWP)

Advisors’ Opinion:

  • [By Jim Robertson]

    Last Friday, our Under the Radar Moversnewsletter suggested going long on small cap clinical-stage biopharmaceutical stock Forward Pharma A/S (NASDAQ: FWP):

  • [By George Budwell]

    Shares of theDanish drugmaker Forward Pharma A/S (NASDAQ:FWP) gained 48.2% yesterday as the result of a settlement and licensing deal with Biogen (NASDAQ:BIIB)involving an ongoing patent dispute over the multiple sclerosis drug Tecfidera. Per the terms of the deal, Biogen will fork overa non-refundable$1.25 billion licensing fee, and possibly pay 10% to 20% royalties on Tecfidera’snet sales to Forward starting in 2021.

bombay stock exchange: Francesca's Holdings Corporation(FRAN)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Friday, cyclical consumer goods & services shares fell 0.03 percent. Meanwhile, top losers in the sector included Francesca's Holdings Corp (NASDAQ: FRAN), down 5 percent, and Hibbett Sports, Inc. (NASDAQ: HIBB) down 5 percent.

  • [By Ben Levisohn]

    Francesca’s Holdings (FRAN) has jumped 5.4% to $11.00 after beating earnings forecasts.

    Restoration Hardware (RH) has tumbled 20% to $28.92 after slashing its full-year guidance. Restoration Hardware was also cut to Market Perform from Outperform at Telsey Advisory Group.

  • [By Lisa Levin]

    Francesca's Holdings Corporation (NASDAQ: FRAN) was down, falling around 9 percent to $7.09 following downbeat quarterly earnings.

    Commodities

bombay stock exchange: Formula Systems (1985) Ltd.(FORTY)

Advisors’ Opinion:

  • [By Lisa Levin]

    On Friday, technology shares rose by 0.26 percent. Meanwhile, top gainers in the sector included Applied Materials, Inc. (NASDAQ: AMAT), up 9 percent, and Formula Systems (1985) Ltd. (ADR) (NASDAQ: FORTY) up 19 percent.

  • [By Lisa Levin]

    In trading on Thursday, technology shares fell by 0.32 percent. Meanwhile, top losers in the sector included Mitek Systems, Inc. (NASDAQ: MITK), down 13 percent, and Formula Systems (1985) Ltd. (ADR) (NASDAQ: FORTY), down 8 percent.

Mid-Afternoon Market Update: Francesca's Drops On Earnings Miss; Revance Therapeutics Shares Ga

Toward the end of trading Tuesday, the Dow traded down 0.09 percent to 24,268.65 while the NASDAQ climbed 0.39 percent to 6,801.80. The S&P also rose, gaining 0.05 percent to 2,640.71.

Leading and Lagging Sectors

Tuesday afternoon, the information technology sector proved to be a source of strength for the market. Leading the sector was strength from 3D Systems Corporation (NYSE: DDD) and Ceragon Networks Ltd. (NASDAQ: CRNT).

In trading on Tuesday, utilities shares fell 1.15 percent.

Top Headline

Toll Brothers, Inc. (NYSE: TOL) reported downbeat results for its fourth quarter.

Toll Brothers posted quarterly earnings of $1.17 per share on revenue of $2.03 billion. However, analysts expected earnings of $1.19 per share on revenue of $2.08 billion.

Equities Trading UP

Revance Therapeutics, Inc. (NASDAQ: RVNC) shares shot up 38 percent to $35.90 after the company disclosed that its RT002 met primary and all secondary endpoints.

Shares of Moleculin Biotech, Inc. (NASDAQ: MBRX) got a boost, shooting up 19 percent to $2.16 after the company disclosed that its WP1066 drug has received the FDA brain tumor IND clearance.

Barnes & Noble Education, Inc. (NYSE: BNED) shares were also up, gaining 19 percent to $7.48 after the company reported Q2 results.

Equities Trading DOWN

Galectin Therapeutics, Inc. (NASDAQ: GALT) shares dropped 34 percent to $1.64 as the company reported that its Phase 2b NASH-CX trial did not meet its primary endpoint.

Shares of Ascena Retail Group, Inc. (NASDAQ: ASNA) were down 24 percent to $1.985. Ascena Retail reported in-line earnings for its first quarter. The company reported a 5 percent drop in its Q1 comps and issued weak second quarter guidance.

Francesca's Holdings Corporation (NASDAQ: FRAN) was down, falling around 9 percent to $7.09 following downbeat quarterly earnings.

Commodities

In commodity news, oil traded up 0.33 percent to $57.68 while gold traded down 1.01 percent to $1,264.80.

Silver traded down 1.88 percent Tuesday to $16.065, while copper fell 4.42 percent to $2.9535.

Eurozone

European shares closed mixed today. The eurozone’s STOXX 600 fell 0.19 percent, the Spanish Ibex Index rose 0.03 percent, while Italy’s FTSE MIB Index jumped 0.24 percent. Meanwhile the German DAX slipped 0.08 percent, and the French CAC 40 dipped 0.26 percent while U.K. shares fell 0.16 percent.

Economics

U.S. trade deficit rose 8.6 percent to $48.7 billion in October.

The ISM non-manufacturing index dropped to 57.40 in November, versus prior reading of 60.10. However, economists projected a reading of 59.10.

Mid-Morning Market Update: Markets Open Higher; RYB Education Shares Drop

Following the market opening Friday, the Dow traded up 0.15 percent to 23,561.74 while the NASDAQ climbed 0.12 percent to 6,875.71. The S&P also rose, gaining 0.15 percent to 2,600.92.

Leading and Lagging Sectors

Friday morning, the non-cyclical consumer goods & services sector proved to be a source of strength for the market.

In trading on Friday, cyclical consumer goods & services shares fell 0.03 percent. Meanwhile, top losers in the sector included Francesca's Holdings Corp (NASDAQ: FRAN), down 5 percent, and Hibbett Sports, Inc. (NASDAQ: HIBB) down 5 percent.

 

Equities Trading UP

Marathon Patent Group Inc (NASDAQ: MARA) shares shot up 85 percent to $4.04 after jumping 54.23 percent on Wednesday.

Shares of SandRidge Energy, Inc. (NYSE: SD) got a boost, shooting up 7 percent to $18.76 following a report from Dow Jones that Carl Icahn purchased a 13-percent stake in the company. Icahn reportedly opposes the company's deal to purchase Bonanza Creek Energy.

LM Funding America, Inc. (NASDAQ: LMFA) shares were also up, gaining 91 percent to $5.75 after surging 34.98 percent on Wednesday.

Equities Trading DOWN

RYB Education Inc – ADR (NYSE: RYB) shares dropped 37 percent to $16.93 following reports of Chinese Police investigating claims of sexual molestation and needlemarks on children at Beijing Kindergarten. RYB Education also reported a $50 million buyback plan.

Shares of Medigus Ltd. (NASDAQ: MDGS) were down 25 percent to $1.68. Medigus priced its 810,000 American depositary shares offering at $2 per ADS. Medigus reported a Q3 loss of $1.2 million on sales of $117,000.

Qudian Inc – ADR (NYSE: QD) was down, falling around 17 percent to $13.55 after declining 16.19 percent on Wednesday.

Commodities

In commodity news, oil traded up 1.38 percent to $58.82 while gold traded down 0.32 percent to $1,292.70.

Silver traded down 0.59 percent Friday to $17.115, while copper rose 0.93 percent to $3.1885.

Eurozone

European shares were higher today. The eurozone’s STOXX 600 gained 0.27 percent, the Spanish Ibex Index rose 0.32 percent, while Italy’s FTSE MIB Index climbed 0.37 percent. Meanwhile the German DAX climbed 0.88 percent, and the French CAC 40 rose 0.58 percent while U.K. shares rose 0.03 percent.

Economics

The IHS Markit flash manufacturing PMI dropped to 53.8 in November, versus a prior reading of 54.6. The flash services PMI declined to 54.7 compared to 55.3.

Data on money supply for the latest week will be released at 4:30 p.m. ET.

Top 5 Blue Chip Stocks To Buy Right Now

The word “growth” is the central word in the phrase Dividend Growth Investing, yet DGI often gets a bad rap as a stodgy method of saving for retirement. I think this misperception arises from the fact that some proponents of the strategy (who may be more focused on income than returns) require a certain minimum yield threshold for their investments. This, in turn, screens many of the higher growth companies from their radar, as higher growth companies generally have lower payout ratios than their slower growth counterparts.

As a result, many of the same old slow-growing blue chips like Coca-Cola (NYSE:KO), Proctor & Gamble (NYSE:PG), and General Mills (NYSE:GIS) are widely held and discussed in the “Dividends” section of Seeking Alpha, while other higher growth opportunities are passed over. This is unfortunate, because there are several very high quality companies that are being disqualified simply because of a lower yield.

These lower yield, higher growth companies can be excellent investments for those with an extended time horizon, and even for retirees they can be a nice boost for a portfolio. For all the angst of wanting enough immediate income, a freshly minted retiree should realize that they are also likely looking at a 20 year time frame for their investments. As the ssa.gov life expectancy calculator shows, a male turning 62 years old in 2016 can expect to live an additional 21.6 years.

Top 5 Blue Chip Stocks To Buy Right Now: Sigma Designs, Inc.(SIGM)

Advisors’ Opinion:

  • [By Paul Ausick]

    Sigma Designs Inc. (NASDAQ: SIGM) dropped about 34% on Wednesday to post a new 52-week low of $5.20 against a 52-week high of $8.60 and a Tuesday close of $7.75. Volume of about 6.2 million was about 25 times the daily average of around 280,000. The company reported so-so earnings on Tuesday and the stock was downgraded and price targets lowered by several analysts.

  • [By Lisa Levin]

    Sigma Designs Inc (NASDAQ: SIGM) shares dropped 30 percent to $5.43. Sigma Designs reported fiscal third-quarter net income of $221,000 on revenue of $62.7 million.

Top 5 Blue Chip Stocks To Buy Right Now: Wipro Limited(WIT)

Advisors’ Opinion:

  • [By Shanthi Rexaline]

    The industry — valued at over $150 billion and comprising companies such as Wipro Limited (ADR) (NYSE: WIT), Cognizant Technology Solutions Corp (NASDAQ: CTSH), Infosys Ltd ADR (NYSE: INFY) and Tata Consultancy Services — has thus far been competing effectively on certain unique selling propositions such as low-cost technology skills and high quality manpower.

Top 5 Blue Chip Stocks To Buy Right Now: Sina Corporation(SINA)

Advisors’ Opinion:

  • [By Steve Symington]

    Shares ofSINA Corporation(NASDAQ:SINA)rose 25.8% in 2016,according to data from S&P Global Market Intelligence, following a pair of stronger-than-expected quarterly reports from the Chinese internet leader in the second half.

  • [By Leo Sun]

    Warren Buffett famously told investors to be “fearful when others are greedy, and greedy when others are fearful.” Dedicated followers of that mantra would probably dismiss Chinese online media giant SINA (NASDAQ:SINA) — which rallied 120% over the past 12 months to a six-year high — as a “greedy” play.

  • [By Shanthi Rexaline]

    SINA Corp (NASDAQ: SINA), which has a stake in Weibo, also tumbled.

    Weibo confirmed that the State Administration of Press, Publication, Radio, Film and Television of the People’s Republic of China or SAPPRFT has ordered local authorities to take measures to suspend audio and video services of some internet companies.

  • [By Ezra Schwarzbaum]

    It was quickly followed by two other Chinese social media sites: SINA Corp (NASDAQ: SINA) and Momo Inc (ADR) (NASDAQ: MOMO).

    Weibo Responds

    Weibo issued a press release later in the day saying it would cooperate with the State Administration of Press, Publication, Radio, Film and Television.

Top 5 Blue Chip Stocks To Buy Right Now: Francesca's Holdings Corporation(FRAN)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Friday, cyclical consumer goods & services shares fell 0.03 percent. Meanwhile, top losers in the sector included Francesca's Holdings Corp (NASDAQ: FRAN), down 5 percent, and Hibbett Sports, Inc. (NASDAQ: HIBB) down 5 percent.

  • [By Ben Levisohn]

    Francesca’s Holdings (FRAN) has jumped 5.4% to $11.00 after beating earnings forecasts.

    Restoration Hardware (RH) has tumbled 20% to $28.92 after slashing its full-year guidance. Restoration Hardware was also cut to Market Perform from Outperform at Telsey Advisory Group.

  • [By Lisa Levin] Related LOV Match Group And Spark Networks: A Valentine's Day Case Study 20 Biggest Mid-Day Losers For Thursday
    Related VKTX 15 Biggest Mid-Day Losers For Tuesday 18 Biggest Mid-Day Losers For Wednesday Companies Reporting Before The Bell
    Canadian Solar Inc. (NASDAQ: CSIQ) is expected to report its quarterly earnings at $0.32 per share on revenue of $690.27 million.
    General Mills, Inc. (NYSE: GIS) is projected to report its quarterly earnings at $0.71 per share on revenue of $3.84 billion.
    Coca-Cola European Partners Plc (NYSE: CCE) is estimated to report its quarterly earnings at $0.45 per share on revenue of $2.72 billion.
    Lands' End, Inc. (NASDAQ: LE) is expected to report its quarterly earnings at $0.35 per share on revenue of $459.43 million.
    Francesca's Holdings Corp (NASDAQ: FRAN) is estimated to report its quarterly earnings at $0.37 per share on revenue of $145.91 million.
    Cheetah Mobile Inc (ADR) (NYSE: CMCM) is projected to report its quarterly earnings at $0.06 per share on revenue of $178.04 million.
    Neogen Corporation (NASDAQ: NEOG) is estimated to report its quarterly earnings at $0.27 per share on revenue of $90.05 million.
    Lennar Corporation (NYSE: LEN) is projected to post earnings for its first quarter.
    Fifth Street Asset Management Inc (NASDAQ: FSAM) is expected to report its quarterly earnings at $0.14 per share on revenue of $25.12 million.

     

Top 5 Blue Chip Stocks To Buy Right Now: Comp En De Mn Cemig ADS(CIG)

Advisors’ Opinion:

  • [By Lisa Levin]

    Non-cyclical consumer goods & services sector was the top gainer in the US market on Wednesday. Top gainers in the sector included Cia Energetica de Minas Gerais CEMIG-ADR (NYSE: CIG), Companhia Paranaense de Energia (ADR) (NYSE: ELP), and NRG Energy Inc (NYSE: NRG).

  • [By Lisa Levin]

    Friday afternoon, the utilities sector proved to be a source of strength for the market. Leading the sector was strength from Cia Energetica de Minas Gerais CEMIG-ADR (NYSE: CIG) and Pampa Energia S.A. (ADR) (NYSE: PAM).

  • [By Lisa Levin]

    In trading on Monday, utilities shares fell 0.66 percent. Meanwhile, top losers in the sector included RGC Resources Inc. (NASDAQ: RGCO), down 5 percent, and Cia Energetica de Minas Gerais CEMIG-ADR (NYSE: CIG), down 5 percent.

  • [By Lisa Levin]

    In trading on Friday, utilities shares fell by 0.33 percent. Meanwhile, top losers in the sector included Cia Energetica de Minas Gerais CEMIG-ADR (NYSE: CIG), down 3 percent, and Companhia Paranaense de Energia (ADR) (NYSE: ELP), down 3 percent.