• Breaking News

    Tuesday, October 15, 2019

    Stock Market - ‘Something has to give:’ How long can the American consumer shoulder the global economy?

    Stock Market - ‘Something has to give:’ How long can the American consumer shoulder the global economy?


    ‘Something has to give:’ How long can the American consumer shoulder the global economy?

    Posted: 15 Oct 2019 08:45 AM PDT

    If the U.S. economy is headed for a significant slowdown, nobody told the American consumer.

    Even as economic growth abates and business investment and confidence has faltered in the face of an ongoing U.S.-China trade dispute, the U.S. consumer has continued to spend money and reflect confidence in sentiment surveys.

    The latest evidence is the University of Michigan's consumer sentiment surveyreleased Friday, which rose to a three-month high of 96, beating consensus expectations and remaining near record levels.

    The reading is bullish for U.S. equities as it predicts the U.S. consumer will continue to spend at high rate headed into the holiday season, but it also stands in stark contrast to other measures of the economy, including recent surveys by the Institute for Supply Management of the manufacturing and services sectors and measures of business executive confidence, which fell to the lowest level since the first quarter of 2009 in October.

    "I'm not sure if we've seen this disparity between positive consumer sentiment and negative business confidence at this level," Michael Arone chief market strategist at State Street Global Advisors, told MarketWatch. "From my perspective, something has to give. Either businesses have to be more confident, or you're likely to see more rollover on the consumer data."

    https://www.marketwatch.com/story/something-has-to-give-how-long-can-the-american-consumer-shoulder-the-global-economy-2019-10-14

    submitted by /u/LightningPlus
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    Pictures Raise Specter of Fake Evidence in 737 Max Crash Probe

    Posted: 15 Oct 2019 09:25 PM PDT

    https://finance.yahoo.com/news/pictures-raise-specter-fake-evidence-215233675.html

    (Bloomberg) -- Weeks after a Lion Air jet crashed in the Java Sea, killing all 189 aboard, an airline employee gave investigators photographs meant to show that a crucial repair had been properly performed the day before the disaster.

    Yet the pictures may not show what was claimed.

    The time displayed in photos of a computer screen in the cockpit of the Boeing Co. 737 Max indicated they had actually been taken before the repair was performed, according to a draft of the final crash report being prepared by Indonesia's National Transportation Safety Committee, portions of which were reviewed by Bloomberg News.

    submitted by /u/coolcomfort123
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    Bond market in a recession

    Posted: 15 Oct 2019 09:57 AM PDT

    While we can predict what happens to the equities during a recession, what typically happens to the bond market before, during, and after a recession?

    ***full disclosure, I've moved from equities to bonds over the last six months...

    submitted by /u/spicy_salsa15
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    The ISM manufacturing PMI being below 50 is a good sign for stocks.

    Posted: 15 Oct 2019 05:55 PM PDT

    It's counter intuitive for bearishness among CEOs to be a positive for stocks. Similarly, the chart below shows when the ISM manufacturing PMI is below 50, it's a good sign for future S&P 500 returns.

    Stock returns with below 50 PMI

    The 1 year return is 13.29% with a PMI between 29.4 and 50, while returns are 6.97% with the PMI from 50 to 77.5. The logic behind this is stocks price in the weakness before this report shows contraction. For example, if the PMI starts at 60 and bottoms at 45, most of the decline has already occurred by the time it falls below 50.

    The manufacturing sector has been weak for a while now. Everyone knows about the manufacturing slowdown. On the other side, everyone knew about the global cyclical expansion in 2017. Once it showed signs of weakening in early 2018, markets peaked. You can't just sell stocks because of bad news. You must consider what the consensus expects first.

    The Bear Market Checklist

    submitted by /u/AlexPitti
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    I genuinly believe Ford is a long-term hold. Dicuss

    Posted: 15 Oct 2019 05:41 PM PDT

    • Market Cap36.2B
    • Shares Outstanding4.0B
    • EPS 0.51
    • P/E Ratio 17.26x
    • Annual Dividend/Yield $0.60/6.80%
    • Ex-dividend10/21/19
    • Beta1.1
    • % Held by Institutions 54.81
    • Short Interest (% of float 09/30/19) 3.28

    It's currently trading around the mid to high $8's right now. They are going through a lengthy restructuring period along with a significant downgrade in credit rating. I do believe that the restructuring won't be pretty, but long term I believe ford can and will perform better than Tesla. They've been in the automotive industry they understand the name of the game. I added 100 shares to my position and plan on adding more over the course of a year.

    Edit:

    literally cannot go tits up

    submitted by /u/StevenMcphearson
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    $MU Buy Signal on Micron Chart

    Posted: 15 Oct 2019 04:39 PM PDT

    $IBM To much risk pre earnings.

    Posted: 15 Oct 2019 04:39 PM PDT

    What's going on with NVDA? Why is it jumping today?

    Posted: 15 Oct 2019 09:53 AM PDT

    Is it just favorable trade news with China, or is something else going on?

    submitted by /u/Helm_hammer1
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    Significant Activist Trading Activity (Last 7 Days)

    Posted: 15 Oct 2019 01:17 PM PDT

    These are the latest Schedule 13D forms filed by activist investors in the last 7 days. Activist investors are investors that make an investment with the intention of influencing management in some way. There is evidence that following activist investors into investments can generate excess returns. Schedule 13G forms, in contrast, are filed by significant investors with no intention of influencing management (such as Index funds).

    There is always a lot of interest in insider trades, but what a lot of people probably don't realize is that hedge fund activity is probably more predictive of future returns than insider activity. The reason is that hedge funds (a) have large research budgets, and (b) have a choice where to put their money. In contract, insiders have no choice where to put their money, but only when to time their transactions.

    New Filings

    This table lists new 13D filings in the last week. A new filing does not necessarily indicate a new position, as investors frequently accumulate in advance before reaching the filing threshold.

    Date Form Company Investor Shares Ownership Change
    10‑15 13D GME / GameStop Corp. Hestia Capital Partners Lp 3,539,461 3.91%
    10‑15 13D PWFL / PowerFleet, Inc. Emancipation Management LLC 1,762,147 6.0%
    10‑11 13D ROAN / Roan Resources, Inc. Lovoi John 78,367,634 50.87%
    10‑11 13D SP / SP Plus Corporation P2 Capital Partners, LLC 1,229,232 5.4%
    10‑11 13D LMFA / LM Funding America, Inc. Thomson Group International Llc 284,504 9.2%
    10‑11 13D SPN / Superior Energy Services, Inc. Ljh, Ltd. 20,000,000 12.77%
    10‑11 13D TXG / 10x Genomics, Inc. Class A Hindson Benjamin J. 4,050,000 16.9%
    10‑11 13D PTON / Peloton Interactive, Inc. Class A Tcv Ix Cycle, L.p. 14,668,821 26.0%
    10‑11 13D BNED / Barnes & Noble Education, Inc. Outerbridge Capital Management Llc 6,499,621 13.7% 11.38
    10‑11 13D TXG / 10x Genomics, Inc. Class A Saxonov Serge 4,727,651 19.9%
    10‑10 13D SOL / Renesola Ltd. SHAH CAPITAL MANAGEMENT 138,405,490 28.77% 200.31

    Amended Filings

    This table lists amended filings in the last week, and is useful for monitoring changes in existing investments or when a fund closes a position. I have eliminated all filings with less than a 5% change in ownership.

    Date Form Company Investor Shares Ownership Change
    10‑15 13D/A ONCS / OncoSec Medical Incorporated Alpha Holdings, Inc. 1,611,000 15.15% 6.69
    10‑15 13D/A PTE / POLARITYTE, INC. Lough Denver 8,936,719 34.6% -16.34
    10‑11 13D/A ATEA / Astea International Inc. BERGREEN ZACK B 2,934,184 53.8%
    10‑11 13D/A RARX / Ra Pharmaceuticals, Inc. RA Capital Management, LLC 4,858,260 10.3% -18.90
    10‑11 13D/A DBVT / DBV Technologies S.A. Baker Brothers Advisors LP 11,164,669 23.7% 29.51
    10‑11 13D/A EVFM / Evofem Biosciences, Inc. Pdl Biopharma, Inc. 16,666,668 33.4% 7.40
    10‑11 13D/A FRO / Frontline Ltd. Ship Finance International LTD 9,406,930 4.8% -31.72
    10‑11 13D/A MDCL / Medicine Man Technologies Inc. Dye Capital Cann Holdings, Llc 18,200,000 48.4% 61.87
    10‑11 13D/A DRYS / DryShips, Inc. Economou George 0 0.0% -100.00
    10‑10 13D/A VBIV / VBI Vaccines, Inc. ARCH VENTURE FUND VI LP 13,026,057 7.3% -58.52
    10‑10 13D/A VRSZ / Verso Corporation Bw Coated Llc 830,568 2.39% 146.39
    10‑10 13D/A MSLXP / Midsouth Bancorp, Inc. JACOBS ASSET MANAGEMENT, LLC 0 0.0% -100.00
    10‑10 13D/A TERP / TerraForm Power Inc. BROOKFIELD ASSET MANAGEMENT INC. 139,631,666 61.5% -5.86
    10‑10 13D/A HFFG / HF Foods Group Inc. Ni Zhou Min 5,486,093 24.5% -18.33
    10‑09 13D/A AWSM / Cool Holdings Inc. Rezk Carlos Felipe 768,722 8.26% -33.06
    10‑09 13D/A AWSM / Cool Holdings Inc. Diaz Mauricio 890,382 9.5% -30.25
    10‑09 13D/A FBSS / Fauquier Bankshares, Inc. Long Daniel Reid Iii 257,549 6.8% 27.10
    10‑09 13D/A PCYO / Pure Cycle Corp. PAR INVESTMENT PARTNERS LP 3,032,970 12.7% -49.20
    10‑09 13D/A WTTR / Select Energy Services, Inc. B-29 Gp, Llc 5,725,128 6.5% -22.89
    10‑08 13D/A RUN / Sunrun Inc. TIGER GLOBAL MANAGEMENT LLC 29,773,257 25.3% 5.86
    10‑08 13D/A GRWC / Grow Condos, Inc. Zallen Wayne Andrew 11,210,876 4.64% -68.44
    10‑08 13D/A NESR / National Energy Services Reunited Corp. Mubbadrah Investment Llc 16,913,636 19.4% -7.18
    10‑08 13D/A CATN / Cat9 Group Inc Qian Meihong Sanya 0 0.0% -100.00
    10‑08 13D/A CATN / Cat9 Group Inc Sun Wenfa Simon 80,000,000 78.3% 14.31

    Source: Fintel.io/activists Fintel.io/labs

    submitted by /u/badpauly
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    Significant Insider Trading Activity (Last 7 Days)

    Posted: 15 Oct 2019 01:16 PM PDT

    This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information that has not been made public. So for example if there are drug trial results that are bad and not public, insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good track record at timing their purchases. All trades that are marked as part of a 10b5 plan are excluded from this report.

    Largest Insider Buying (Last 7 Days)

    Company Count Shares Changed Avg. Price Value Change
    WOW / WideOpenWest, Inc. 1 500,000 6 2,800,000
    NGM / NGM BIOPHARMACEUTICALS INC 12 212,688 10 2,221,172
    PPR / Voya Prime Rate Trust 1 413,875 5 1,949,351
    SFTY / Safety, Income & Growth, Inc. 3 22,361 34 771,322
    ATEX / pdvWireless, Inc. 3 17,439 38 655,926
    CDLX / Cardlytics, Inc. 2 17,909 34 617,869
    AGO / Assured Guaranty Ltd. 1 11,600 45 519,680
    PFMT / Performant Financial Corp 3 514,481 1 514,260
    CWH / Camping World Holdings, Inc. 2 64,982 8 514,230
    VRCA / Verrica Pharmaceuticals Inc. 2 15,678 15 227,264
    FUND / Sprott Focus Trust, Inc. 2 32,102 7 210,613
    BNED / Barnes & Noble Education, Inc. 2 48,012 3 154,577
    NSEC / National Security Group, Inc. (The) 14 7,950 12 97,377
    RRTS / Roadrunner Transportation Systems, Inc. 3 7,249 10 72,366
    SNDX / Syndax Pharmaceuticals, Inc. 1 11,000 5 59,400
    MW / Men's Wearhouse, Inc. (The) 1 13,369 4 51,738
    LNDC / Landec Corp. 1 5,000 10 48,350
    CPRX / Catalyst Pharmaceuticals, Inc. 1 10,000 5 46,950
    SHOS / Sears Hometown and Outlet Stores, Inc. 2 10,650 4 38,079
    SLGG / Super League Gaming, Inc. 3 6,608 4 26,430
    CBAY / Cymabay Therapeutics Inc. 1 5,000 4 21,500
    TPL / Texas Pacific Land Trust 2 14 614 8,596
    KNKX / Knight Knox Development Corp. 1 2,700 2 5,296
    NJMC / New Jersey Mining Company 1 35,000 0 5,250
    ORI / Old Republic International Corp. 1 200 23 4,628
    ZIVO / Zivo Bioscience, Inc. 3 40,000 0 3,600
    KZR / Kezar Life Sciences, Inc. 1 1,000 3 3,235
    CCNE / CNB Financial Corp. 2 80 28 2,242
    BHTG / BioHiTech Global, Inc. 3 1,161 2 1,984
    TYG / Tortoise Energy Infrastructure Corp. 1 100 19 1,918
    TPZ / Tortoise Power and Infrastructure Fund, Inc. 1 100 18 1,784
    TEAF / TORTOISE ESSENTIAL ASSETS INCOME TERM FUND 1 100 17 1,654
    MCHX / Marchex, Inc. 2 415 3 1,268
    TTP / Tortoise Pipeline & Energy Fund, Inc. 1 100 13 1,251
    NTG / Tortoise MLP Fund, Inc. 1 100 12 1,156
    CDOM / Tiger X Medical, Inc. 1 200 4 798
    AMAR / Amarillo Biosciences, Inc. 1 2,000 0 760
    STLY / Stanley Furniture Co., Inc. 1 1,051 1 578
    NDP / Tortoise Energy Independence Fund, Inc. 1 100 4 377

    Largest Insider Selling (Last 7 Days)

    Company Count Shares Change Avg. Price Value Change
    TDG / Transdigm Group, Inc. 12 -22,083 510 -11,260,518
    KBLM / KBL Merger Corp. IV 2 -699,900 11 -7,352,950
    K / Kellogg Co. 1 -100,000 62 -6,231,250
    UDR / UDR, Inc. 3 -70,000 49 -3,401,599
    ARWR / Arrowhead Pharmaceuticals, Inc. 1 -56,325 32 -1,792,825
    COST / Costco Wholesale Corp. 1 -5,976 298 -1,781,186
    NEOG / Neogen Corp. 1 -25,333 63 -1,594,603
    CTAS / Cintas Corp. 1 -2,000 268 -536,460
    ADI / Analog Devices, Inc. 2 -4,919 108 -533,055
    LEN / Lennar Corp. 1 -5,000 59 -294,500
    BAS / Basis Energy Services, Inc. 3 -234,964 1 -242,322
    DLTR / Dollar Tree, Inc. 2 -1,719 115 -197,587
    BRC / Brady Corp. 1 -3,250 54 -175,500
    MTN / Vail Resorts, Inc. 1 -500 227 -113,315
    QADB / QAD, Inc. 1 -2,000 46 -92,360
    GALT / Galectin Therapeutics Inc 1 -17,000 4 -63,325
    TECD / Tech Data Corp. 1 -349 105 -36,593
    HIBB / Hibbett Sports, Inc. 1 -1,227 23 -28,221
    YORW / York Water Co. 1 -351 44 -15,478
    AMMJ / American Cannabis Company, Inc. 1 -65,658 0 -15,101
    ERII / Energy Recovery, Inc. 1 -229 9 -2,059

    Count column is number of transactions.

    Source: Fintel.io/insiders Fintel.io/labs

    submitted by /u/badpauly
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    $psxp up 1.7% today 15 Oct 2019

    Posted: 15 Oct 2019 09:54 AM PDT

    Overall positive market today going into the earnings season. Buyers looking to claim back the 57.74 new high and it is evident by the flag formation today.

    submitted by /u/justbemenooneelse
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    Long $PEP. Thinking it could be a safe bet for now.

    Posted: 15 Oct 2019 07:06 AM PDT

    Entry at 137.70. But spotted a seller at 137.56. Currently holding steady at 137.74.

    submitted by /u/justbemenooneelse
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    EuroEyes International (01846.HK) Soars 102% in Its Hong Kong IPO

    Posted: 15 Oct 2019 12:09 AM PDT

    https://eastmoneystocks.com/en/ipo-stocks/2019/10/15/euroeyes-international-01846-hk-soars-102-in-its-hong-kong-ipo/

    EuroEyes International Eye Clinic (01846.HK) shares rose as much as 102% on their debut, the latest example of frenzied trading in small initial public offerings in Hong Kong.

    Morning trading volume almost equaled the shares sold by the German operator of eye clinics in the IPO, before the exercise of a green shoe option, according to data compiled by Bloomberg. The stock pared some of the gains, up 59% in recent trading. EuroEyes raised $75.9 million selling shares last week at the midpoint of a marketed range.

    Wild debuts popped up this month in a stock market roiled by violent protests and trade tensions, catching investors by surprise. Shares of software developer 360 Ludashi Holdings Ltd. more than tripled on Oct. 10, while Xinyuan Property Management Service (Cayman) Ltd. jumped 42% a day later.

    Five Hong Kong stocks have debuted this quarter after completing initial offerings below $100 million. The four small caps before EuroEyes surged by an average 53% on their first day, after adjusting for IPO sizes. The weighted return is the highest for any quarter since early 2017, data compiled by Bloomberg show.

    Hamburg-based EuroEyes derived 63% of its 2018 revenue from Germany and another 28% from China. The company reported 43 million euro in sales last year, up 16% from 2017.

    submitted by /u/kevinkong123
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