A basket of Asian blue chips exposed to outbound Chinese tourism has outperformed the regional benchmark by more that 5 percentage points this year, according to Societe Generale SA.
A bunch of 44 stocks, including casino companies, retailers and transportation firms from Hong Kong, China, Japan and South Korea have benefited from the quadrupling in the number of outbound trips made by Chinese residents over the past decade, analysts including Wei Yao wrote in a note Wednesday.
“The impressive growth in Chinese outbound tourism is one of the most convincing signs that China’s economic rebalancing is well under way,” the analysts said. “After a decade of exponential growth, China now accounts for over one-fifth of the world’s international tourism spending, twice as much as the next-biggest spender, the U.S.”
Top Casino Stocks To Watch For 2019: Inovio Pharmaceuticals, Inc.(INO)
- [By Joseph Griffin]
Inovio Pharmaceuticals (NASDAQ:INO) last posted its earnings results on Wednesday, May 9th. The biopharmaceutical company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.22). Inovio Pharmaceuticals had a negative net margin of 292.06% and a negative return on equity of 72.04%. The company had revenue of $1.53 million during the quarter, compared to analyst estimates of $7.50 million. During the same quarter last year, the business posted ($0.31) EPS. research analysts expect that Inovio Pharmaceuticals Inc will post -1.2 EPS for the current fiscal year.
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Petróleo Brasileiro S.A. – Petrobras (NYSE: PBR) fell 13.2 percent to $10.95 in pre-market trading after dropping 1.33 percent on Friday.
Banco Santander, S.A. (NYSE: SAN) shares fell 8.7 percent to $5.33 in pre-market trading after declining 2.83 percent on Friday.
Synchrony Financial (NYSE: SYF) fell 8 percent to $32.75 in the pre-market trading session.
AerCap Holdings N.V. (NYSE: AER) shares fell 7.4 percent to $51.17 in pre-market trading.
Inovio Pharmaceuticals, Inc. (NASDAQ: INO) fell 7.4 percent to $4.54 in pre-market trading.
Tailored Brands, Inc. (NYSE: TLRD) fell 7 percent to $31.83 in pre-market trading.
California Resources Corporation (NYSE: CRC) shares fell 6.5 percent to $30.29 in pre-market trading after dropping 10.60 percent on Friday.
Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) fell 6.2 percent to $6.85 in pre-market trading.
RedHill Biopharma Ltd. (NASDAQ: RDHL) fell 6 percent to $6.67 in pre-market trading.
QEP Resources, Inc. (NYSE: QEP) shares fell 5.8 percent to $11.45 in pre-market trading after dropping 6.75 percent on Friday.
Noah Holdings Limited (NYSE: NOAH) fell 5.5 percent to $61.53 in pre-market trading.
CNH Industrial N.V. (NYSE: CNHI) shares fell 5.2 percent to $11.70 in pre-market trading
- [By Jim Robertson]
On Tuesday, small capInovio Pharmaceuticals (NASDAQ: INO) surged 22.63% after announcingthat its synthetic vaccine approach using a collection of synthetic DNA antigens generated broad protective antibody responses against all major deadly strains of H1 influenza viruses from the last 100 years. This includesthe virus that caused Spanish Flu in 1918. The study involvedmultiple animal models, including mice, guinea pigs and non-human primates. Given how bad flu season is this year, the announcement got plenty of attention asthe following technical chart shows:
- [By Keith Speights]
Skeptics might deride a comparison of Inovio Pharmaceuticals, Inc. (NASDAQ:INO) and Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) as an exercise in finding the biggest loser. Both companies continue to post huge net losses every quarter, and their stocks are down by at least 30% over the last 12 months.
Top Casino Stocks To Watch For 2019: Opko Health Inc(OPK)
- [By ]
Opko Health (OPK) : “I’ve been waiting for these guys to come back on the show and tell us why we should buy.”
International Paper (IP) : “The stock is down big. I say at these prices it’s a good buy.”
- [By ]
Opko Health (OPK) : “The stock has been slow, and I think that’s a mistake.”
Thor Industries (THO) : “They had expenses and inventory go up and it’s been hurt by both. Those are negatives.”
- [By Paul Ausick]
Opko Health Inc. (NASDAQ: OPK) dropped nearly 7% Wednesday to post a new 52-week low of $4.28 after closing at $4.60 on Tuesday. The stock’s 52-week high is $9.01. Volume was around 7.7 million, nearly double the daily average of around 4.3 million. The company had no specific news.
- [By Lisa Levin] Gainers
Amedica Corporation (NASDAQ: AMDA) rose 31.3 percent to $4.11 in pre-market trading after climbing 181.98 percent on Tuesday.
ZAGG Inc (NASDAQ: ZAGG) rose 18.7 percent to $13.65 in pre-market trading after the company posted better-than-expected Q1 earnings.
TripAdvisor, Inc. (NASDAQ: TRIP) rose 18.6 percent to $46.00 in pre-market trading after the company reported stronger-than-expected results for its first quarter on Tuesday.
TransEnterix, Inc. (NYSE: TRXC) shares rose 15 percent to $2.08 in pre-market trading after reporting Q4 results.
Axon Enterprise, Inc. (NASDAQ: AAXN) rose 9.8 percent to $49.00 in pre-market trading following a big Q1 beat. The company raised its fiscal 2018 sales growth guidance from 16-18 percent to 18-20 percent.
Centennial Resource Development, Inc. (NASDAQ: CDEV) shares rose 8.1 percent to $21.06 in pre-market trading following Q1 results.
OPKO Health, Inc. (NASDAQ: OPK) shares rose 6.8 percent to $3.44 in pre-market trading following Q1 beat.
Tel-Instrument Electronics Corp. (NYSE: TIK) rose 6.7 percent to $3.20 in pre-market trading after surging 25.37 percent on Tuesday.
KBS Fashion Group Limited (NASDAQ: KBSF) rose 6.4 percent to $5.84 in pre-market trading after jumping 9.36 percent on Tuesday.
Arrowhead Pharmaceuticals, Inc. (NASDAQ: ARWR) rose 6.6 percent to $8.26 in pre-market trading after reporting Q2 earnings.
New Relic, Inc. (NYSE: NEWR) rose 6.3 percent to $82.00 in pre-market trading following Q4 results.
Match Group, Inc. (NASDAQ: MTCH) rose 5.8 percent to $38.43 in pre-market trading after reporting upbeat Q1 earnings.
Prestige Brands Holdings, Inc. (NYSE: PBH) rose 5.2 percent to $30.62 in pre-market trading.
Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
- [By Paul Ausick]
Opko Health Inc.’s (NASDAQ: OPK) short interest rose about 2.8% from the previous period to more than 69.23 million shares on the most recent settlement date. That was the highest level of short interest so far this year and represented 21.3% of the total float. At the latest daily average trading volume, a year-to-date high, the number of days to cover figure slipped from 11 to 10. The 52-week trading range is $2.66 to $7.25.
Top Casino Stocks To Watch For 2019: Computer Programs and Systems Inc.(CPSI)
- [By Stephan Byrd]
Computer Programs & Systems (NASDAQ: CPSI) and Perion Network Ltd Common Stock (NASDAQ:PERI) are both small-cap medical companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, institutional ownership, profitability, analyst recommendations, risk, dividends and valuation.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Computer Programs & Systems (CPSI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Computer Programs & Systems, Inc. (NASDAQ:CPSI) has received an average rating of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $30.80.
- [By Stephan Byrd]
Millrace Asset Group Inc. acquired a new position in shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 45,000 shares of the company’s stock, valued at approximately $1,314,000. Millrace Asset Group Inc. owned about 0.32% of Computer Programs & Systems at the end of the most recent quarter.