TOP NEWS
MARKET CURRENTS
-
3:13 PM Markets start to fall in earnest as the reality of a tapering and then ending in QE sinks in - even as the chairman is at pains to prove it's anything but a tightening move. The DJIA (DIA -0.8%) is off 145 points as the 10-year Treasury yield soars 15 bps to 2.33%, its highest level in 2 years. Reversing sizable early gains is the mREIT sector (REM -2.3%) - a leveraged holder of the paper the Fed will no longer be buying - with American Capital (AGNC -2%), (MTGE -1.5%), Annaly (NLY -2.2%), Invesco (IVR -2.5%), Two Harbors (TWO -3.5%), and Anworth (ANH -2.2%) leading the way. The greenback (UUP +0.9%) continues to fly higher. 3 Comments [On the Move]
-
3:12 PM Onglyza, a diabetes drug co-marketed by Bristol-Myers Squibb (BMY -1.3%) and AstraZeneca (AZN -1.2%), failed to reduce the risk of heart attacks and related disease compared with a placebo in a big clinical trial. The drug was approved by the FDA in 2009 to treat type 2 diabetes, but required a large clinical trial to assess its cardiovascular safety. The outcome disappointed those hoping for a boost to the market for type 2 diabetes pills, and could have implications for other companies with similar drugs, including Merck's (MRK) blockbuster Januvia. Comment! [Healthcare, On the Move]
-
3:08 PM Urban Outfitters (URBN -1.6%) continues to impress retail watchers with the steady growth of its direct-to-consumer channels (24% of total sales). Management's acumen at expanding online and catalog sales is one of the reasons the company's revenue and growth rates has beat peers Aeropostale, American Eagle Outfitters, Buckle, and Abercrombie & Fitch. Comment! [Consumer]
-
3:00 PM On the hour: Dow -0.70%. 10-yr -1.07%. Euro -0.88% vs. dollar. Crude -0.58% to $98.16. Gold -0.58% to $1358.35. Comment!
-
2:59 PM Lazard comes to the defense of Buy-rated Vanda Pharmaceuticals (VNDA -22%) after TheStreet's Adam Feuerstein tanks the stock with questions about the design of a Phase 3 trial for Tasimelteon (previous). Feuerstein's assessment is "surprisingly inflammatory," analyst Joshua Schimmer says, noting that the sell-off could be a buying opportunity given management's confidence in the drug. Comment! [Healthcare, On the Move]
-
2:58 PM Cemex (CX +1.2%) has slipped 12% during the past month, and Barclays believes it’s time to buy the stock, not just because it's underperforming but fundamentals look good too, as EBITDA growth over the next four years driven by the recovering U.S. housing market. The firm also notes CX has been able to increase the amount of time it has to pay its debt while lowering the interest rates it owes. Comment! [Quick Ideas]
-
2:49 PM Bernanke press conference: Should projections hold, Bernanke sees QE ending "around mid-year" 2014 and the unemployment rate being about 7% at that time. Responding to a question, he says the FOMC stands ready to quickly adjust - i.e. fire purchases back up - should it prove to have made a mistaken forecast. Stocks (SPY -0.5%) and Treasurys (TLT -1.2%) are at session lows. 3 Comments [U.S. Economy]
-
2:48 PM William Blair's Brian Drab provides a fairly positive take on 3D Systems' (DDD -2.4%) recent analyst day, but nonetheless reiterates an Underperform on account of valuation. Drab observes 3D's management talked up the expansion of its healthcare offerings (specialized/personalized products) and Quickparts on-demand parts service (new markets/geographies), and hinted price points for Cube desktop printers could fall below $1K and (in 12-18 months) $500. But with shares trading at 46x 2013E EPS, Drab considers expectations too high. (analyst day slides) 2 Comments [Tech]
-
2:46 PM Orchard Supply (OSH -59%) says the U.S. Bankruptcy Court has approved all of the First Day Motions related to its voluntary Chapter 11. The motions collectively will enable the company to continue operating its business as usual as it completes its Chapter 11 case. Comment! [On the Move, Consumer]
-
2:42 PM Aside from Linn Energy (LINE +6%) (earlier), SandRidge Energy (SD +3.2%) also enjoys a sustained rise from Lee Cooperman's CNBC comments. He thinks SD's assets are worth close to $10/share and expects management changes in the coming weeks. The full list of stocks Cooperman likes (video): TCRD, ESRX, HAL, RIG, QCOM, MSI, CIM, S, DISH, ARP. Comment! [Quick Ideas, On the Move]
STOCKTALKS
Sign in to view StockTalks by people you follow
TOP ARTICLES3:22 PM ET WEDNESDAY JUN 19
PORTFOLIO
| Symbol | Alerts | Price | Chg | % Chg |
|---|
Latest Portfolio Headlines
More on this portfolio:
Day Watch |
Alerts |
Holdings |
Performance |
Momentum |
Valuation |
Profitability |
Dividends |
Debt |
Ownership
LATEST ARTICLES
- Temptations That Dividend Investors Need To Resist by Integrator • Comment!
- Monitise Plc: A Fast Growing And Overlooked Gem by Maik Schwäbe • Comment!
- Can Echelon Double? by Jacob Steinberg • Comment!
- Should You Buy The Market's Most Controversial Stock? by StreetAuthority • 1 Comment
- Crocs: $20 Possible On Asia-Pacific Growth by Bill Maurer • Comment!
- Emerging Markets Awash In Protests by Benzinga • Comment!
- Graham Corp. About To Ride A 'Wave Of Work' To Sharply Higher Earnings by Thomas Lewis • Comment!
- How To Crush The Market With Dividend Growth Investing by Dividend Growth Investor • Comment!
- Nordstrom: Fundamental Stock Research Analysis by F.A.S.T. Graphs • Comment!
- Buy Red Hot Spectrum Brands At A Discount Through Harbinger by Illuminati Investments • Comment!
ALPHA-RICH IDEAS
- ICA: Mexico's Massive Investment Will Send This Beaten-Down Stock Back To The Stars by Brian McCormick • 6 Comments
- Jos A. Bank: Buy One Share And Get Two Free by Money Investor • 30 Comments
- Penn Virginia: Strong Value Upside Driven By Quality Of Eagle Ford Assets by Richard Zeits • 3 Comments
- Red Hat: Take Advantage Of Investors Being Offsides For 10%+ Move This Week by Josh Burwick • 2 Comments
- Columbia Sportswear: You Can Buy The Clothes But Not The Stock by Money Investor • Comment!
- Failed Titanic Sale Won't Sink Premier Exhibitions by Whopper Investments • 14 Comments
- American Vanguard Should Reap A Better Multiple by Stephen Simpson • 5 Comments
- TRIO: High Quality Business With Near-Term Catalyst And Asymmetric Risk-Reward by Mike Winston • 10 Comments
- Vera Bradley: Fashionable Growth At A Great Price by Josh Arnold • 4 Comments
- ChipMOS: Stock Remains Dirt Cheap, 50%+ Upside By Year End by Valuable Insights • 10 Comments
MACRO VIEW
- Uncle Sam's Growing Investment Portfolio by Donald Marron • Comment!
- Emerging Markets: Forget The Fed And Focus On Country Risks by Evariste Lefeuvre • Comment!
- Why 2014 Could Be Ugly: A Look At The Fed by Christopher Drose • Comment!
- The Ultimate Judge Of A Federal Reserve Chairman's Success: The Value Of The U.S. Dollar by John M. Mason • Comment!
- Trying To Connect The Dots On The Fed's Exit Strategy Timing by Joseph Stuber • 3 Comments
- The One Fed Statement Markets Are Not Prepared For by Markos Kaminis • 4 Comments
DIVIDENDS & INCOME
- Temptations That Dividend Investors Need To Resist by Integrator • Comment!
- How To Crush The Market With Dividend Growth Investing by Dividend Growth Investor • Comment!
- Nordstrom: Fundamental Stock Research Analysis by F.A.S.T. Graphs • Comment!
- American Capital Agency Cuts While Hybrids Maintain Dividends by Equity Whisper • Comment!
- Monetary Policy And Perceived Liquidity by Stock Traders Daily • Comment!
- American Capital Agency: Dividend Cut Less Than Expected But Prepare For The Fed by Christopher F. Davis • 13 Comments
ETFs & PORTFOLIO STRATEGY
- Rising Bond Yields Pose Macro Risks For Eurozone Equities by Boost ETP • Comment!
- Hold Off On VIG For Now: A Better Opportunity Will Come Along by Mark Piro • 2 Comments
- WisdomTree Emerging Markets Rebalance Results In Significantly More Russia Exposure by Morningstar • Comment!
- The Art Of Low Turnover by William Smead • 1 Comment
- 5 Mistakes To Avoid With Your ETF Portfolio by David Fabian • Comment!
- Asset Allocation And Rebalancing Review - June 19, 2013 by James Picerno • Comment!
INVESTING IDEAS
- Monitise Plc: A Fast Growing And Overlooked Gem by Maik Schwäbe • Comment!
- Can Echelon Double? by Jacob Steinberg • Comment!
- Crocs: $20 Possible On Asia-Pacific Growth by Bill Maurer • Comment!
- Graham Corp. About To Ride A 'Wave Of Work' To Sharply Higher Earnings by Thomas Lewis • Comment!
- Buy Red Hot Spectrum Brands At A Discount Through Harbinger by Illuminati Investments • Comment!
- Google And Apple Are Crazy Not To Attempt To Acquire eBay by Scott Ryan • Comment!