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Matthew Smith  

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  • Commodities Today: Asset Sales, Deal Rumors And Analyst Reports Moving These Stocks
    Yesterday, 12:38 PM ABX, ANFGY, DRYS 2 Comments

    Summary

    • DRYS is selling tankers in its fleet to entities controlled by its Chairman and CEO.
    • The rumors concerning a possible merger between TECK and ANFGY that surfaced yesterday turned out to be false.
    • Goldman Sachs discusses resources which could become much more rare in the years ahead, including gold and copper.
  • Today's Market: Media And Insurance Companies Moving On Deals And Buyout Rumors
    Yesterday, 10:23 AM CHTR, LMCA, LMCK Comment!

    Summary

    • CHTR reaches a deal to purchase Brighthouse Networks for $10.4 billion.
    • CVC could increase its print business if it goes through with a bid for the New York Daily News.
    • ENH is buying MRH to get into the Lloyd's of London underwriting business.
  • Commodities Today: Oil, Precious Metals Lower, Asset Sales And Pay Packages Impacting These Stocks
    Mon, Mar. 30 AA, ABX, CVX 2 Comments

    Summary

    • Precious metals are under pressure this morning, with gold once again backing off of the $1,200/ounce level.
    • AA is curtailing more smelting capacity, with the latest announcement to impact EPS by $0.01 in the first quarter of 2015.
    • Executive pay packages at ABX are once again raising some eyebrows, with numerous media outlets picking up on Friday's news.
  • Today's Market: Healthcare, Technology Mergers And Acquisitions Boosting These Stocks
    Mon, Mar. 30 ABT, ALTR, ASPX Comment!

    Summary

    • UNH is buying CTRX in a $12.8 billion deal that will help it maintain its #3 PBM business.
    • TEVA & HZNP are each purchasing smaller rivals as they look to add exposure to new treatment areas.
    • Speculation continues to build around the rumors that INTC will purchase ALTR in a blockbuster chip deal that would exceed $10 billion.
  • Commodities Today: Oil Asset Sales, Energy Price Target Cuts And Falling Railroad Stocks
    Fri, Mar. 27 CLR, CSX, CVX 3 Comments

    Summary

    • Railroad stocks are under pressure after a second company made cautionary statements.
    • CVX is selling its 50% stake in an Australian refiner.
    • CLR saw its price target reduced at Barrington Research.
  • Today's Market: Mergers, Buybacks And Breakups Moving Stocks Higher
    Fri, Mar. 27 BABA, BAC, DOW 4 Comments

    Summary

    • DOW has reached a deal to sell its chlorine business to OLN for $5 billion.
    • YHOO will increase its share buyback program by $2 billion as it looks to continue to return capital to shareholders.
    • Big banks are facing more pressure to explore their options as it relates to breaking up, with BAC the latest focus of this talk.
  • Commodities Today: Oil, Precious Metals Rally On Saudi Arabia's Intervention
    Thu, Mar. 26 AAL, BP, CVX 17 Comments

    Summary

    • RDS announced further job cuts in the North Sea as the company looks to lower costs amid falling oil prices.
    • Saudi Arabia is intervening on behalf of the Yemeni government in their battle with rebels.
    • Oil & precious metals are rallying on news of the Saudi air strikes.
  • Today's Market: Biotech Correction, Social Media News And Geopolitical Events Moving Stocks
    Thu, Mar. 26 AMGN, BIIB, CELG Comment!

    Summary

    • The biotechs appear to be in a correction, with the Nasdaq Biotech Index just a few points away from being down 10%.
    • The large biotech names do appear attractive here, and for those looking for safety in the biotechs the largest companies appear the safest.
    • TWTR is set to pass YHOO for third place in display advertising in the US, proving social media is grabbing ad dollars.
  • Commodities Today: Oil Company Secondaries, Dividends Grab Headlines As Iran Fears Grow
    Wed, Mar. 25 CVX, DVN, ENLK 6 Comments

    Summary

    • DVN is selling units a subsidiary owns in ENLK to raise over half a billion dollars.
    • Investors are watching XOM to see if the company will raise its dividend in April, and if not, what moves it will make moving forward.
    • The US Dollar Index is pulling back from recent highs amid poor economic data this morning.
  • Today's Market: 2 Merger And Acquisition Deals, Earnings And Other News
    Wed, Mar. 25 AMZN, BRK.A, BRK.B 3 Comments

    Summary

    • KRFT is being merged with 3G Capital and Berkshire Hathaway's H.J. Heinz in a deal which should lead to major cost cuts and increased margins.
    • LXK is buying KFX in order to double the size of its enterprise software business.
    • HTZ shares could be delisted by the NYSE if it does not have its financials audited by September.
  • Commodities Today: Dividend Cuts, Mergers And Acquisitions, And Secondaries Moving These Stocks
    Tue, Mar. 24 CHK, ECA, ETP 3 Comments

    Summary

    • FCX slashes its dividend by roughly 85% to free up cash to pay down debt.
    • Oil companies are finally making the necessary moves to deleverage and bolster their balance sheets in order to make it through this downturn.
    • ETP is dropping down another equity stake to SUN.
  • Today's Market: 5 Stocks Moving On News
    Tue, Mar. 24 ABMD, BMY, HLF 3 Comments

    Summary

    • There are reports that HLF is entertaining investors across the country, possibly trying to force Ackman to cover his short position.
    • The FDA approved ABMD's blood pumping device, while MRK halted a study after its drug met its two primary goals.
    • SONS shares are down sharply after the company revised its guidance lower for the 1st quarter.
  • Commodities Today: Asset Sales, Lower Rig Counts And Saudi Arabia's Comments
    Mon, Mar. 23 BHI, CLF, CVX 6 Comments

    Summary

    • CLF has reached a deal to sell chromite properties in Canada for $20 million.
    • Oil services companies are highlighting how oil companies are cutting back spending and discussing how the industry may have been changed forever.
    • Saudi Arabia continues to look for North American producers to cut production so that the kingdom and OPEC can maintain market share.
  • Today's Market: Healthcare Mergers And Acquisitions And Drug Concerns, PR Stunt Goes Bad
    Mon, Mar. 23 ABBV, BIIB, GILD 3 Comments

    Summary

    • SBUX will no longer ask baristas to write "Race Together" on cups, ending a controversial move that worried shareholders and analysts.
    • THC announced two deals with PE firm Welsh Carson Anderson & Stowe.
    • Shares of GILD are under pressure amid concerns over its blockbuster hepatitis C drugs, Harvoni and Sovaldi.
  • Commodities Today: Continental Remains Aggressive, $10 Billion Energy Sale Coming And Steelmakers Struggle Mightily
    Fri, Mar. 20 AKS, BHI, CLR 3 Comments

    Summary

    • CLR continues to be aggressive in its plans to boost oil production, even as competitors prepare for the worst.
    • Steelmakers are under pressure after AKS warned about the quarter ahead after yesterday's close, which confirmed what NUE announced Thursday morning.
    • HAL and BHI are preparing to put up to $10 billion in assets up for sale as they look to appease regulators and move closer to closing their merger.
  • Today's Market: Alzheimer's Drug, Settlements And Drone Approvals Pushing These Stocks Higher
    Fri, Mar. 20 AMZN, BIIB, BK Comment!

    Summary

    • BIIB reported the long awaited results from its early stage study of its Alzheimer's drug, aducanumab.
    • Shares in NKE are rallying after the sports apparel maker reported strong quarterly earnings, even though revenues fell sharply due to the strong US dollar.
    • AMZN has been cleared by the FAA to fly drones in Washington state, with some restrictions.
  • Commodities Today: Energy Names Head Lower Even As D.C. Talks About Lifting Oil Export Ban
    Thu, Mar. 19 CHK, CLR, COP 12 Comments

    Summary

    • Analysts hit the energy sector with a number of downgrades and price target cuts today, with CHK and SWN receiving downgrades from Sterne Agee.
    • COP's Chairman & CEO testified before a Senate committee saying that he was in favor of ending the ban on oil exports in the US.
    • Also under pressure today is RIG, which reported disappointing news last night and saw analysts lower price targets.
  • Today's Market: Big Changes For The Dow, Buyout Rumors Impacting These Stocks
    Thu, Mar. 19 AAPL, CVS, DIA 5 Comments

    Summary

    • Big changes for the Dow today as AAPL replace T and V's stock split takes effect.
    • Buyout rumors once again have speculators betting on shares of RAD.
    • Another major retailer is increasing its minimum wage for entry level employees.
  • Commodities Today: Another Oil Company Files For Bankruptcy, More Companies To Follow
    Wed, Mar. 18 CBI, KWKAQ, MCP 16 Comments

    Summary

    • Another Texas based E&P has filed for bankruptcy protection.
    • WG announced that it could face liquidity issues if it cannot get creditors to grant it certain waivers related to debt covenants for the next year.
    • Warn readers to continue to stay away from MCP.
  • Today's Market: More Tech Mergers, Media Rumors And Big Earnings Numbers Moving Stocks
    Wed, Mar. 18 CBS, FDX, FOX Comment!

    Summary

    • ORCL raised its quarterly dividend by 25% and laid out its plans for growth this year.
    • It is being reported that Jeff Bewkes was not interested in combining TWX with CBS last year.
    • FDX reported quarterly results which saw EPS beat estimates, but guidance was disappointing.
  • Commodities Today: More Bearish Calls For Oil And Precious Metals, Airlines Rally On Lower Oil Prices
    Tue, Mar. 17 AAL, ACT, AGN Comment!

    Summary

    • Gold and platinum are once again lower, this time taking out key support and psychological levels.
    • COP is the latest oil company to cut capital spending plans, updating its 3-year plan to account for falling energy prices.
    • Airlines are rallying as oil prices reach 6-year lows.
  • Today's Market: Apple's Streaming Service, Comcast's Folly And A Cybersecurity Deal
    Tue, Mar. 17 AAPL, CMCSA, CMCSK 1 Comment

    Summary

    • The WSJ is reporting that AAPL is set to launch a streaming TV service; however, Comcast will not be taking part in the launch at this point.
    • RTN is in talks to buy privately held Websense to bolster its cybersecurity offerings.
    • In his letter to shareholders, GE's CEO indicated that the company will continue to shrink its GE Capital unit while pursuing industrial acquisitions.
  • Commodities Today: Oil Falls But Majors Rally, U.S. Government Mulling Buying Oil
    Mon, Mar. 16 APA, BP, CVX 11 Comments

    Summary

    • The US government is appealing a January ruling in their case against BP over the size of the spill in the Gulf of Mexico.
    • Egypt is aggressively seeking foreign capital, a good sign for APA as BP ramps up spending in the country.
    • Oil is now trading at fresh lows, trading at levels last seen in 2009.
  • Today's Market: Pharma Mergers And News, Tesla Speculation And Small Caps Holding Up Strongly
    Mon, Mar. 16 ENDP, EW, IWM 2 Comments

    Summary

    • VRX raises its all-cash bid for SLXP to $173/share and successfully chases off ENDP.
    • The American College of Cardiology's 3-day conference in San Diego is delivering a lot of news for investors.
    • Small cap stocks are holding up strongly, even after a rough March, as investors look for ways to hedge currency risk in their portfolios.
  • Commodities Today: Bakken Producer To Sell Assets, Refinery Strike To End
    Fri, Mar. 13 BP, CVX, DIA 18 Comments

    Summary

    • Refiners appear to have reached a deal with unions to end the strike which has pushed gas prices higher across the country.
    • WLL is rumored to now be exploring asset sales rather than a sale of the entire company.
    • The dollar index is once again moving higher but precious metals prices remain strong.
  • Today's Market: FBI Probes, Cable Mergers And Blowout Earnings Moving These Stocks
    Fri, Mar. 13 CHTR, CMCSA, CMCSK 3 Comments

    Summary

    • CHTR is close to a deal to buy Brighthouse Networks, but does not want to announce anything until the CMCSA/TWC deal is approved.
    • Shares in HLF are rising after reports that some consultants for Ackman have been questioned in a probe focusing on stock manipulation.
    • ULTA reported another strong quarter, beating on revenues and EPS, while also providing strong guidance for the year ahead.
  • Commodities Today: Oil In The Spotlight, Poultry Related Stocks Slammed As Avian Flu Appears In The U.S.
    Thu, Mar. 12 CLR, PPC, SAFM Comment!

    Summary

    • Avian Flu surfaced in a 40,000+ turkey flock in Arkansas, setting off fears about US poultry.
    • Harold Hamm is again calling for the US to scrap a decades old law which prevents energy producers from exporting oil.
    • Natural gas is entering a period where demand usually declines, so investors might want to book recent gains.
  • Today's Market: M&A Activity, Spin-Offs And Bank News Pushing These Stocks Higher
    Thu, Mar. 12 BAC, C, ENDP Comment!

    Summary

    • Discuss the new bidder that has emerged for SLXP which could thwart VRX's deal.
    • Highlight the latest plan from UTX regarding its Sikorsky Aircraft division.
    • Look at the latest from the Fed and what the market has to worry about moving forward.
  • Commodities Today: Oil Majors To Begin Buying Unconventional Drillers?
    Wed, Mar. 11 APA, APC, CVX Comment!

    Summary

    • The media is beginning to report names of likely takeover targets, if and when 'Big Oil' decides to become buyers on this pullback.
    • Natural gas prices are rising 3% on the session, one of the few bright spots in the market.
    • LL is rising strongly after Chapman Capital revealed that it had established a position in the battered company's shares.
  • Today's Market: Strong Earnings And Speculation Over Banks' Capital Plans Pushing Stocks Higher
    Wed, Mar. 11 BAC, BBT, C 3 Comments

    Summary

    • PAY is the latest company to lower guidance on currency concerns.
    • Banks will find out today whether the Federal Reserve will approve their plans to return capital to shareholders.
    • EXPR reported strong results and upbeat guidance even as the company cut back on promotions.
  • Commodities Today: Bankruptcy Filings, Companies That Are In Trouble
    Tue, Mar. 10 ANV, ARVCY, BPZ 2 Comments

    Summary

    • The US dollar is at multi-year highs and exerting pressure upon commodity prices.
    • There have been a number of commodity companies that have filed for bankruptcy in recent days, specifically oil and gold companies.
    • France appears prepared to merge Areva with EDF to save the struggling nuclear firm.
  • Today's Market: Big Buybacks, Rumors Indicate More Pharma Mergers And Acquisitions
    Tue, Mar. 10 ABBV, AGN, AMGN 2 Comments

    Summary

    • QCOM announced a $15 billion share buyback and 14% increase to its dividend.
    • The euro is falling once again against the US dollar, which is now trading at 12-year highs.
    • There are numerous names being floated around today as M&A targets for larger pharma companies.