The Chart of the Day belongs to Opiant Pharmaceuticals (OTCQB:OPNT). I found the pharmaceutical stock by using Barchart to sort today’s Top Stocks to Own list first by the highest Weighted Alpha, then I used the Flipcahrt feature to review the charts. Since the Trend Spotter signaled a buy in 7/6 the stock gained 41.88%. Opiant Pharmaceuticals, Inc. is a specialty…
Tech Data Corporation, a company that distributes wholesale technology products yesterday reported their fiscal second quarter 2017 financial results. Tech Data reported adjusted second quarter earnings of $1.74 per share which fell short of analyst expectations of $2.06 per share. Tech Data reported second quarter revenues of $8.8 billion which beat analyst expectations of $8.71 billion. …
Top Pick of the Day: IMDZ Immune Design (IMDZ) announced interim top line data from a Phase 2 clinical trial assessing the combination of its CMB305 and Roche’s TECENTRIQ (atezolizumab) compared to TECENTRIQ alone in 88 soft tissue sarcoma patients. The data showed a treatment effect from CMB305. Data on the first 36 patients demonstrated…
As the equity market nears a record high, both institutional and individual investors continue to indicate they are less bullish. The NAAIM Exposure Index continues to decline with long equity exposure down to 77%. Yesterday’s AAII Sentiment Survey report showed bullish sentiment fell another 3.1 percentage points to 25% and now is below the minus one standard deviation…
With the National Weather Center now calling the flooding in Texas “unprecedented,” the cost to Texans both in lives as well as cleanup is mounting with each passing hour. Emergency evacuations are underway in Houston and one thing is clear – the ongoing flooding with be extremely dangerous and life threatening to residents in the…
The August US Manufacturing Purchasing Managers’ Index conducted by Markit came in at 52.8, down from the 53.3 final July figure. Today’s headline number was above the Investing.com forecast of 52.5. Markit’s Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is the opening from Chris…
Video by Steve Sosnick Steve Sosnick, Chief Options Strategist at Interactive Brokers, discusses the the recent movement of the Dollar Index. Video Length: 00:02:21
There hasn’t been a lot of good news in the auto sector lately, but today’s August results from Ford (F) weren’t as bad as expected. Overall, Ford vehicle sales were down 2.3% during the month compared to expectations for a larger decline of 3.5%. One particular bright spot for Ford was in its sales of…
The ISM Manufacturing survey improved and remained in expansion. The key internals were mixed but remained in expansion. The Markit PMI manufacturing Index, also released today, is in positive territory and modestly declined. Analyst Opinion of the ISM Manufacturing Survey ISM manufacturing index and Markit PMI movements have correlated with Industrial Production Manufacturing index only…
Ciena Corp. (CIEN – Free Report) reported fiscal third-quarter 2017 non-GAAP earnings of 51 cents, which increased 21.4% on a year-over-year basis and beat the Zacks Consensus Estimate of 49 cents. Revenues of $728.7 million increased 8.7% year over year and beat the consensus mark of $726.9 million. Although shares of Ciena have lost 11.5% of its value…
