First Trust Advisors LP increased its stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 17.0% during the second quarter, Holdings Channel reports. The fund owned 12,948 shares of the company’s stock after purchasing an additional 1,884 shares during the period. First Trust Advisors LP’s holdings in Monarch Casino & Resort were worth $570,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of MCRI. Piedmont Investment Advisors LLC acquired a new stake in Monarch Casino & Resort in the 2nd quarter valued at approximately $117,000. TD Asset Management Inc. acquired a new stake in Monarch Casino & Resort in the 2nd quarter valued at approximately $203,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Monarch Casino & Resort in the 2nd quarter valued at approximately $206,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Monarch Casino & Resort by 39.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 4,917 shares of the company’s stock valued at $217,000 after buying an additional 1,389 shares during the last quarter. Finally, Sawgrass Asset Management LLC acquired a new stake in Monarch Casino & Resort in the 2nd quarter valued at approximately $257,000. 59.42% of the stock is currently owned by institutional investors and hedge funds.
Hot Casino Stocks To Invest In Right Now: United Technologies Corporation(UTX)
Advisors’ Opinion:
- [By Lee Samaha]
United Technologies’ (NYSE:UTX) execution hasn’t been flawless in the last few years, but that doesn’t seem to worry leading hedge fund managers Dan Loeb and Bill Ackman. Apparently they see a value opportunity, enough to cause them to take large positions in the stock. Actually, there are three key reasons to own the stock, and they all directly relate to valuation. Let’s take a look at them.
- [By ]
United Technologies Corp. (UTX) said on Tuesday that it topped analyst expectations for first-quarter earnings and raised its outlook for top and bottom line results for 2018, noting strong sales at its Pratt & Whitney and UTC Aerospace units.
- [By ]
Case in point: United Technologies (UTX) , which posted a spectacular quarter because it’s products are in demand and the company can easily raise prices to offset rising commodity costs.
- [By Paul Ausick]
United Technologies Corp. (NYSE: UTX) traded up 1.50% at $130.92. The stock’s 52-week range is $109.10 to $139.24. Volume was about 15% below the daily average of around 3.9 million shares.
- [By Lou Whiteman]
Boeing on June 4 announced a joint venture with French engine maker Safran to build auxiliary power units, small engines used to start the main engines on an aircraft and for supplemental power when the aircraft is on the ground. The current market for APUs is dominated by United Technologies (NYSE:UTX) and Honeywell (NYSE:HON), with UTX the sole provider of APUs on Boeing’s 787 models, and Honeywell the sole provider on the 777 and 737.
- [By WWW.GURUFOCUS.COM]
For the details of Bill Ackman’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=Bill+Ackman
These are the top 5 holdings of Bill AckmanRestaurant Brands International Inc (QSR) – 20,843,919 shares, 21.65% of the total portfolio. Shares reduced by 14.29%Chipotle Mexican Grill Inc (CMG) – 2,882,463 shares, 21.42% of the total portfolio. Lowe’s Companies Inc (LOW) – 7,715,501 shares, 12.7% of the total portfolio. New PositionMondelez International Inc (MDLZ) – 16,371,713 shares, 11.56% of the total portfolio. Shares added by 1.33%United Technologies Corp (UTX) – 4,540,615 shares, 9.78% of the total p
Hot Casino Stocks To Invest In Right Now: Nuveen Connecticut Premium Income Municipal Fund(NTC)
Advisors’ Opinion:
- [By Logan Wallace]
Media stories about Nuveen Connecticut Premium Income Mun Fd (NYSE:NTC) have trended very positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nuveen Connecticut Premium Income Mun Fd earned a news sentiment score of 0.53 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 47.4041994466706 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Hot Casino Stocks To Invest In Right Now: M B T Financial Corp(MBTF)
Advisors’ Opinion:
- [By Stephan Byrd]
Media headlines about MBT Financial (NASDAQ:MBTF) have been trending positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MBT Financial earned a media sentiment score of 0.47 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.9058239462965 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Hot Casino Stocks To Invest In Right Now: Sanofi(SNY)
Advisors’ Opinion:
- [By Todd Campbell]
Many drugmakers market these diabetes drugs, however, Novo Nordisk’s, Eli Lilly’s, and Sanofi’s drugs are among the most widely used treatments. Each generates billions of dollars per year in sales from diabetes drugs, including insulin. The table below shows their 2017 annual results.
Company Market Cap Total Revenue Total Net Income Diabetes-Related Revenue Change in Diabetes Revenue (YOY)
Novo Nordisk (NYSE:NVO) $119 billion $17 billion $6 billion $14.7 billion 4%
Eli Lilly (NYSE:LLY) $88.5 billion $22.9 billion $4.5 billion $10.1 billion 25%
Sanofi (NYSE:SNY) $96.7 billion $41 billion $8.26 billion $5.8 billion (14%)Data sources: Yahoo! Finance and company annual reports. Note: 1. Novo Nordisk’s results reflect exchange rates on May 17, 2018. 2. Eli Lilly’s net income figure is adjusted net income. 3. Sanofi’s net income is business net income, a non-GAAP adjusted figure and results reflect exchange rates on May 17, 2018. YOY = year over year.
- [By Todd Campbell]
One of these two drugs is Amgen’s (NASDAQ:AMGN) Repatha, and the other is Praluent, which was co-developed by Sanofi SA (NYSE:SNY) and Regeneron Pharmaceuticals (NASDAQ:REGN). Both drugs launched to billion-dollar blockbuster expectations, but because they’re complex biologics that are expensive to make, they cost about $14,000 per year. Their high cost, plus the fact that they’re injected rather than taken orally, may make them best suited for patients with stubbornly high cholesterol who are at the greatest risk of heart disease.
- [By Cory Renauer]
The ability to pick winners extends beyond MS. In 2017, Biogen spun off its rare bleeding disorder segment into a separate company that Sanofi (NYSE:SNY) acquired for a whopping $11.6 billion in cash earlier this year. Biogen also reported a rare disease drug that launched at the beginning of 2017, called Spinraza, that achieved a $1.5 billion annualized run rate during its fifth quarter since earning an FDA approval.
- [By Todd Campbell]
A population of 741 million people makes Europe a huge market for drugmakers, yet most investors avoid European healthcare stocks in their portfolios. Is that a mistake? It could be, especially when it comes to Sanofi SA (NYSE:SNY), a French biopharma giant that’s trading at a reasonable valuation and offers a market-trouncing dividend yield.
- [By Cory Renauer]
Shares of Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) created a high-water mark around three and a half years ago that’s still 51% above recent prices. The drugs it outlicensed to its big pharma partner, Sanofi (NYSE:SNY), succeeded in the clinic. Unfortunately, commercial launches that take baby steps when investors expect giant leaps can pressure even a biotech’s stock price no matter how productive its discovery engine may be.
- [By Chris Lange]
Sanofi (NASDAQ: SNY) has a PDUFA date scheduled for March 22 for Zynquista (sotagliflozin). This comes after the FDA’s Endocrinologic and Metabolic Drugs Advisory Committee voted eight to eight on the question of whether the overall benefits of Zynquista outweighed the risks to support approval back in January. Sotagliflozin is an investigational oral dual SGLT1 and SGLT2 inhibitor under regulatory review as an adjunct to insulin for the treatment of adults with type 1 diabetes. Note that while the FDA is not required to follow the committee’s vote, the agency considers the committee’s recommendations when making its decision.