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    Tuesday, March 31, 2020

    Home Unlabelled Stock Market - Gillian Tett: "My best guess is that we are going to slowly slip into more and more of a wartime economy. Savvy investors, well-connected plutocrats will find ways to make money and benefit. Many smaller businesses will be driven to the wall. There'll be tremendous hardship and suffering..."

    Stock Market - Gillian Tett: "My best guess is that we are going to slowly slip into more and more of a wartime economy. Savvy investors, well-connected plutocrats will find ways to make money and benefit. Many smaller businesses will be driven to the wall. There'll be tremendous hardship and suffering..."

    March 31, 2020

    Stock Market - Gillian Tett: "My best guess is that we are going to slowly slip into more and more of a wartime economy. Savvy investors, well-connected plutocrats will find ways to make money and benefit. Many smaller businesses will be driven to the wall. There'll be tremendous hardship and suffering..."

    Gillian Tett: "My best guess is that we are going to slowly slip into more and more of a wartime economy. Savvy investors, well-connected plutocrats will find ways to make money and benefit. Many smaller businesses will be driven to the wall. There'll be tremendous hardship and suffering..."

    Posted: 31 Mar 2020 12:52 PM PDT

    Listen to full episode

    Demetri Kofinas speaks with Gillian Tett, chair of the editorial board and editor-at-large of the Financial Times about America's new "wartime economy" and the unspoken consequences of the most radical financial and political crisis since World War II.

    Demetri starts the conversation by asking Gillian what it's like to run the largest financial newspaper in the world during the greatest economic and political crisis in three generations. The two discuss the latest central bank policy actions, fiscal stimulus, and a series of other timely topics ranging from distressed corporates, emerging markets, dollar funding, and much, much more.

    submitted by /u/cpclos
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    Most Anticipated Earnings Releases for the month of April 2020

    Posted: 31 Mar 2020 04:46 PM PDT

    Significant Insider Trading Activity (Last 7 Days)

    Posted: 31 Mar 2020 02:32 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
    AVX / AVX Corp. 1 31,763,491 22 690,855,920
    WLK / Westlake Chemical Corp. 13 435,000 40 17,498,444
    IFF / International Flavors & Fragrances, Inc 23 153,584 106 16,329,761
    ESCC / Evans & Sutherland Computer Corp. 2 10,597,554 1 12,611,089
    MGM / MGM Resorts International 6 906,291 12 10,382,445
    CDLX / Cardlytics, Inc. 2 200,000 43 8,602,670
    AMCI / AMCI Acquisition Corp. 1 384,300 10 3,900,645
    AXDX / Accelerate Diagnostics, Inc. 3 400,000 8 3,170,098
    PBF / PBF Energy, Inc. 1 465,256 7 3,044,356
    PBFX / PBF Logistics LP 2 506,662 5 2,406,287
    GMS / GMS Inc. 2 81,200 16 1,296,629
    MRKT / Markit Ltd. 1 20,000 58 1,169,200
    CASI / CASI Pharmaceuticals, Inc. 3 531,373 2 1,081,041
    NCMI / National CineMedia, Inc. 2 302,916 4 1,071,234
    ORCL / Oracle Corp. 1 20,000 49 971,862
    OPK / Opko Health, Inc. 13 461,968 1 633,458
    ET / Exacttarget, Inc. 2 120,000 5 586,934
    SIG / Signet Jewelers Ltd. 3 54,735 8 461,722
    REVG / REV Group, Inc. 7 105,000 4 448,175
    ATNX / Athenex Inc. 3 52,000 8 378,570
    PPR / Voya Prime Rate Trust 2 95,765 3 333,050
    EFF / Eaton Vance Floating-Rate Income Plus Fund 4 26,241 11 286,367
    FRAF / Franklin Financial Services Corp. 3 12,179 23 277,316
    CLM / Cornerstone Strategic Value Fund, Inc. 1 30,300 8 249,975
    CRF / Cornerstone Total Return Fund, Inc. 1 30,900 8 249,672
    HPP / Hudson Pacific Properties, Inc. 1 10,000 23 233,500
    CBRL / Cracker Barrel Old Country Store, Inc. 1 3,000 74 223,009
    ETM / Entercom Communications Corp. 2 125,000 2 221,013
    GTE / Gran Tierra Energy, Inc. 2 957,970 0 219,753
    FPH / Five Point Holdings, LLC 9 45,757 5 219,363
    CNBKA / Century Bancorp, Inc. 4 3,428 62 215,988
    NKE / Nike, Inc. 1 2,500 84 210,543
    OKE / ONEOK, Inc. 1 8,700 23 197,527
    CRS / Carpenter Technology Corp. 1 8,500 21 179,025
    PRPH / ProPhase Labs, Inc. 1 100,000 2 175,000
    SSSS / Sutter Rock Capital Corp. 1 30,000 6 166,200
    FEIM / Frequency Electronics, Inc. 4 18,558 9 155,497
    PMT / Penny Mac Mortgage Investment Trust 2 14,100 11 153,321
    GFF / Griffon Corp. 2 12,575 12 147,544
    NEOG / Neogen Corp. 2 2,484 59 146,415

    Largest Insider Selling (Last 7 Days)

    Company Count Shares Change Avg. Price Value Change
    NRK / Nuveen Insured New York AMT-Free Municipal Fund 2 -1,721 100,000 -172,100,000
    SMAR / SMARTSHEET INC 17 -1,344,058 559 -135,589,046
    NVG / Nuveen Dividend Advantage Municipal Income Fund 2 -1,156 100,000 -115,600,000
    MYI / BlackRock Muniyield Quality Fund III, Inc. 1 -520 100,000 -52,000,000
    PTON / Peloton Interactive, Inc. Class A 2 -530,789 25 -13,190,971
    MDLA / Medallia, Inc. 4 -580,000 23 -12,863,623
    GSHD / Goosehead Insurance, Inc. 18 -167,763 47 -7,715,189
    PD / Phelps Dodge Corp 3 -391,454 12 -6,772,453
    HLI / Houlihan Lokey, Inc. 16 -101,715 48 -4,884,715
    SPLK / Splunk Inc. 5 -38,342 127 -4,864,450
    ORCL / Oracle Corp. 6 -90,000 49 -4,426,228
    NHF / NexPoint Credit Strategies Fund 8 -503,083 8 -3,993,282
    CACC / Credit Acceptance Corp. 3 -13,300 302 -3,899,037
    WINA / Winmark Corp. 2 -18,000 133 -2,413,236
    NXRT / NexPoint Residential Trust, Inc. 8 -89,673 25 -2,243,380
    MDB / MongoDB Inc 1 -12,500 136 -1,705,500
    UEPS / Net 1 UEPS Technologies, Inc. 3 -456,940 3 -1,476,780
    ALEC / Alector, Inc. 2 -56,411 25 -1,391,095
    TZOO / Travelzoo, Inc. 2 -341,038 4 -1,329,149
    GTY / Getty Realty Corp. 2 -50,000 22 -1,095,000
    SLP / Simulations Plus, Inc. 1 -24,000 32 -761,040
    SENS / Senseonics Holdings, Inc. 3 -702,505 1 -522,106
    BBY / Best Buy Co., Inc. 1 -8,020 61 -489,260
    AMBA / Ambarella, Inc. 4 -10,069 48 -481,426
    UTHR / United Therapeutics Corp. 1 -5,000 92 -458,750
    ALGT / Allegiant Travel Company 1 -4,800 92 -442,718
    JCAP / Jernigan Capital, Inc. 2 -36,877 11 -387,968
    GABC / German American Bancorp Inc. 2 -12,697 27 -343,917
    EWBC / East West Bancorp, Inc. 1 -10,172 30 -305,770
    VEEV / Veeva Systems Inc. 1 -1,854 146 -269,757
    FSLR / First Solar, Inc. 2 -7,079 36 -252,162
    EIDX / Eidos Therapeutics, Inc. 2 -5,000 48 -241,310
    PURE / PURE Bioscience 1 -748,880 0 -217,175
    ELVT / Elevate Credit, Inc. 28 -149,116 1 -187,930
    GILD / Gilead Sciences, Inc. 1 -2,413 75 -181,820
    PRPH / ProPhase Labs, Inc. 1 -100,000 2 -175,000
    CUB / Cubic Corp. 1 -4,282 39 -168,927
    BMRN / BioMarin Pharmaceutical, Inc. 1 -1,618 78 -126,964
    IVAC / Intevac, Inc. 2 -27,500 4 -117,740
    AMK / AssetMark Financial Holdings, Inc. 2 -5,000 20 -99,975

    Count column is number of transactions.

    Source: Fintel.io/insiders

    submitted by /u/badpauly
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    Congratulations to our r/StockMarket March 2020 Stock Picking Contest WINNER -- Lamper3!

    Posted: 31 Mar 2020 01:16 PM PDT

    MARKETS SET TO RE-TEST THE LOWS

    Posted: 31 Mar 2020 07:38 PM PDT

    The reason this will happen is very simple: THERE IS NO WAY TO TELL WHEN THE ECONOMY WILL BE ABLE TO RESTART

    Without a way to know if or when that can happen there's no way to discount future growth and price that into stock values.

    Recommend puts on ETF's like SPY and QQQ and/or any stocks of companies in the 'social gathering' business such as casinos, hotels, restaurants and cruise lines.

    submitted by /u/NewstradrX
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    Long -Term Leveraged ETF Strategy | TQQQ

    Posted: 31 Mar 2020 03:55 PM PDT

    The swing trading strategy I am going to share with you has produced a 815% return on 48 trades since 2-10-2010. It makes 22.31% on average when it is correct, -3.93% when it is wrong and works 37.5% of the time. I encourage discussion but please read my explanation +watch the accompanying video before jumping to conclusions. This is a back-tested strategy as you will see. The SPY during this same period returned 140%.

    Leveraged ETFs are very useful for day/short term traders as they increase the volatility of the underlying equity.

    Most people agree however that they are not suitable for long term investors due to high fees and volatility drag (decay). These are certainly things to think about if you decided to use these instruments.

    Volatility drag is the biggest issue as many people point out. For instance if you had 50 days straight of alternating +5% and -5% moves in the etf, at the end of the streak you would be left with 93.9% of your initial money, and a 6% loss is quit manageable. However if during the same streak you had your money in a 3x leveraged etf with +15% and -15% moves, you would be left with only an abysmal 56.6% of your initial cash.

    This is because losses work geometrically against you, consider the following

    3% loss needs a 3.09% gain to reach breakeven

    5% loss needs a 5.26% gain to reach breakeven

    10% loss needs a 11.11% gain to reach breakeven

    20% loss needs a 25% gain to reach breakeven

    25% loss needs a 33.33% gain to reach breakeven

    30% loss needs a 42.85% gain to reach breakeven

    40% loss needs a 66.66% gain to reach breakeven

    50% loss needs a 100% gain to reach breakeven

    This is why it is so important to not fall in love with a stock. Even if you are a long term investor have a line in the sand where you will sell. Otherwise you are not compounding your money, you are compounding your losses.

    I bring this up to say that a successful leveraged ETF strategy needs to take advantage of the upside possibilities while ruthlessly cutting losses if the trend breaks. The goal is to have an excellent gain to loss ratio of over 3:1. With this a strategy's break even point is a 25% success rate meaning you can be right only a quarter of the time. The actual strategy has a p/l ratio of 5.67 and a success rate of 37.5% meaning it works extremely well.

    The strategy is this:

    Create 6 short term daily EMAs, color them red, find the minimum of them

    Create 6 longer term daily EMAs color them blue, find their maximum

    Enter when the all the reds are first over the blues with a 3% stop loss. Sell when the stop loss is hit or any red EMA crosses below a blue.

    That's it, and you will find this is an excellent way of timing the market and visualizing its trend.

    I have created a python back testing program to test different length EMAs, different stop losses, adding a SMA restriction…

    You can try it for yourself here: https://repl.it/@RichardMoglenMo/RWB-with-Stop-loss

    1. Run the program by hitting the green arrow, it will have to download some libraries

    2. Enter the Ticket Symbol you want to test- I use TQQQ

    3. Enter the Start date of the test- I use 1/1/2010

    4. Enter Six Short term red emas- I use 5,6,8,10,12,15

    5. Enter Six longer term blue emas- I use 30,35,40,45,50,60

    6. If you want a simple moving average restriction enter a period (So it will only enter if the current price is over that moving average) Otherwise enter 0-I use 0

    7. Enter a stop loss % I use 3%

    8. Press enter

    My suggestions yield a return of 815% in about 10 years which would turn a 10k initial investment into 91.5k. It also outputs some key statistics such as max gain, max loss and holding periods.

    I use this strategy with a portion of my portfolio as it outperforms almost every individual stock pick during uptrends (defined as when the red emas are above blue emas in the index etfs QQQ, SPY)

    To see this visually check out this video: https://youtu.be/AeiXGfzHsSA

    submitted by /u/Rmogo21
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    Taxes on day trading.

    Posted: 31 Mar 2020 06:15 PM PDT

    Where is a good resource to help explain taxes owed on gains made from day trading? I'm dumb and not having any luck with google. Are there multiple forms? Or just multiple entries/copies of a specific form? I'm not sure which 1099 is what I'm looking for.

    submitted by /u/mlg2433
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    Unemployment numbers

    Posted: 31 Mar 2020 06:05 PM PDT

    The 3.3 million number of unemployed is such an under statement. All department of labor offices are closed and the online websites are from like 2 fucking decades ago. No wonder people say the government blows at managing everything.

    submitted by /u/GaniB
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    CCL & RCL How in the world are they up today?

    Posted: 31 Mar 2020 09:06 AM PDT

    CCL is about to lay off a bunch of people and suspending dividend payments. RCL is about to shut down until May 11. Given the news provided this morning before the market opens. How the hell are both of these stocks up during pre-market and cont to go up after market opened? As an investor, we were taught to follow the catalyst (of course it's not always 100%) but it was these news from this morning that i didn't even look into CCL or RCL to trade.

    submitted by /u/meh2280
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    This Companies Will Benefit From The Corona Crisis - Investment Ideas

    Posted: 31 Mar 2020 08:21 PM PDT

    Hey guys I just put over 50 hours into making a video about my thoughts what companys and industries will benefit from whole current situation with the corona virus. I would be so glad to hear some feedback of you guys! I hope this wont fall under the prohibition of self promoting since it's actual content thats relating to this subreddit

    https://youtu.be/EbsvwIDWvzs

    submitted by /u/TAParker
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    What causes these types of spikes AHs? - $DIS

    Posted: 31 Mar 2020 05:57 PM PDT

    Over ten minute intervals the stock spikes $4-$5 twice after hours. What types of behavior would cause this?

    $DIS - 03.31.2020

    submitted by /u/theFosby
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    Do you combine patterns with indicators to create your trading strategy ?

    Posted: 31 Mar 2020 12:29 PM PDT

    Candlestick patterns are meaningful only when they occur at important levels. This shows some examples of the ways in which candlestick patterns can be combined with indicators to improve their effectiveness.

    submitted by /u/alok310
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    My Portfolio Review March 2020

    Posted: 31 Mar 2020 11:10 AM PDT

    Hi guys, hope you are all well. It's been a while since I have shared my portfolio review. But I have just finished my update on march on thought I would share it with you.

    As usual it contains portfolio breakdown, new positions, my plans for the month and more. For anyone interested Here It Is

    submitted by /u/geo0rgi
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    Significant Activist Hedge Fund Activity (Last 7 Days)

    Posted: 31 Mar 2020 02:33 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
    03‑31 13D RZLT / Rezolute, Inc. HANDOK, INC. 91,300,933 31.1%
    03‑31 13D GFY / Western Asset Variable Rate Strategic Fund Inc. Relative Value Partners Group, LLC 1,435,077 32.12% 2.62
    03‑31 13D BOXL / Boxlight Corporation K Laser Technology Inc. 30.2%
    03‑30 13D NLNK / NewLink Genetics Corp Blackstone Holdings II L.P. 468,145 5.6%
    03‑30 13D CVLT / CommVault Systems, Inc. Starboard Value LP 4,329,256 9.3%
    03‑30 13D CHEF / Chefs' Warehouse, Inc. Legion Partners Asset Management, LLC 1,666,800 5.5% 15.06
    03‑30 13D ACEL / Accel Entertainment, Inc. Peterson Karl Mr. 4,295,113 5.39%
    03‑30 13D SCVX / SCVX Corp. Hudson Bay Capital Management LP 2,371,149 10.3%
    03‑30 13D CSLT / Castlight Health, Inc. Raging Capital Management, LLC 10,423,517 14.0% 52.17
    03‑30 13D PKE / Park Electrochemical Corp. Raging Capital Management, LLC 1,262,838 6.2% -32.61
    03‑27 13D BABB / BAB, Inc. Camelot Event-Driven Advisors LLC 6.6%
    03‑27 13D CNIG / Corning Natural Gas Holding Corporation Corning Natural Gas Holding Corp 156,139 5.03%
    03‑26 13D PFMT / Performant Financial Corp PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. 12,545,261 23.3% 51.30
    03‑26 13D SING / Singlepoint, Inc. Lambrecht Greg Paul 849,723,452 33.6%
    03‑26 13D TCRX / THL Credit, Inc. First Eagle Holdings, Inc. 1,259,102 4.238%
    03‑26 13D EGLT / Egalet Corporation Assertio Therapeutics, Inc 4,854,863 51.0%
    03‑26 13D CHRA / Charah Solutions, Inc. Charah Holdings Lp 24,842,203 63.7% 24.90
    03‑26 13D 35471R106 / Franklin Street Properties Corp KBS Strategic Opportunity REIT, Inc. 5,879,225 5.5%
    03‑25 13D ASPS / Altisource Portfolio Solutions SA Altisource Portfolio Solutions S.A. 856,742 5.38%
    03‑25 13D ZYME / Zymeworks Inc Baker Brothers Advisors LP 4,862,414 9.99% 0.00
    03‑24 13D WGO / Winnebago Industries, Inc. Punch Card Capital, L.P. 2,385,740 7.1%
    03‑24 13D IMRA / IMARA Inc. Arix Bioscience Plc 1,554,558 9.4%
    03‑24 13D TNRG / Thunder Energies Corp. Saveene Corp 50,000,000 100.0%

    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
    03‑31 13D/A MOMT / MoneyOnMobile, Inc S7 Finance B.v. 0 0.0% -100.00
    03‑31 13D/A WAAS / AQUAVENTURE HOLDINGS LTD ADVENT INTERNATIONAL CORP/MA 100 100.0% 181.69
    03‑31 13D/A CFBK / Central Federal Corp. Castle Creek Capital Partners Vii, Lp 504,299 9.4% -5.05
    03‑31 13D/A AFA / American Financial Group, Inc. Lindner S Craig 4,919,427 5.5%
    03‑31 13D/A AFA / American Financial Group, Inc. Lindner Carl H Iii 5,450,844 6.1%
    03‑31 13D/A DHT / DHT Holdings, Inc. BW Group Ltd 25,704,652 17.51% -24.85
    03‑31 13D/A CIGI / Colliers International Group Inc. SPRUCE HOUSE INVESTMENT MANAGEMENT LLC 5,730,272 14.88% -7.00
    03‑30 13D/A HAIR / Restoration Robotics, Inc. Essex Woodlands Fund IX, L.P. 13,176,975 33.31%
    03‑30 13D/A MDIA / Mediaco Holding Inc. Class A Standard General L.P. 12,591,305 88.9% 16.21
    03‑30 13D/A CIGI / Colliers International Group Inc. Spruce House Partnership LLC 5,730,272 14.88%
    03‑30 13D/A AKTX / Akari Therapeutics Plc RPC Pharma Ltd 832,477,100 28.8% -43.86
    03‑30 13D/A 361570401 / GDL Fund GAMCO INVESTORS, INC. ET AL 0 0.0%
    03‑30 13D/A LNDC / Landec Corp. Legion Partners Asset Management, LLC 2,381,493 8.17% 14.43
    03‑30 13D/A PZZA / Papa John's International, Inc. Schnatter John H 1,276,999 3.96% -35.08
    03‑30 13D/A NTLA / Intellia Therapeutics, Inc. Novartis Institutes for BioMedical Research, Inc. 4,352,295 8.6% -14.85
    03‑30 13D/A 00653Q102 / AdaptHealth Corp. Flynn James E 19,674,202 40.23%
    03‑30 13D/A PRPH / ProPhase Labs, Inc. Karkus Ted William 4,574,504 33.6% 40.00
    03‑27 13D/A TOPS / TOP Ships, Inc. Family Trading Inc. 17,274,140 21.8% -51.66
    03‑27 13D/A PRKA / Parks! America, Inc. VAN VOORHIS DALE 15,989,911 21.3% 8.12
    03‑27 13D/A 65341D102 / NEXPOINT RESIDENTIAL HIGHLAND CAPITAL MANAGEMENT LP 3,773,896 14.9% -24.17
    03‑27 13D/A GASS / StealthGas, Inc. Flawless Management Inc. 7,774,243 19.8% 21.47
    03‑27 13D/A APOG / Apogee Enterprises, Inc. Engaged Capital LLC 1,311,888 4.9% -23.44
    03‑27 13D/A CMT / Core Molding Technologies, Inc. GAMCO INVESTORS, INC. ET AL 553,509 6.73% -5.74
    03‑27 13D/A INAP / Internap Corporation GAMCO INVESTORS, INC. ET AL 1,319,581 4.96% -12.21
    03‑27 13D/A FUNC / First United Corp. Driver Management Co Llc 360,637 5.07%
    03‑27 13D/A FRGA / Franchise Group, Inc. Vintage Capital Management LLC 15,954,261 45.37% -14.57
    03‑27 13D/A NTGN / Neon Therapeutics, Inc. Access Industries Holdings LLC 2,553,803 8.85% -19.47
    03‑27 13D/A SCPH / scPharmaceuticals Inc. ORBIMED ADVISORS LLC 3,409,865 16.3% -11.56
    03‑27 13D/A DSWL / Deswell Industries, Inc. DESWELL INDUSTRIES INC 8,824,526 54.76%
    03‑27 13D/A SRLP / Sprague Resources LP Sprague Resources LP 12,227,498 53.3%
    03‑26 13D/A TLRD / Tailored Brands, Inc. Scion Asset Management, LLC 4,000,000 8.3% 15.28
    03‑26 13D/A POAI / Predictive Oncology Inc. Keyser Robert D Jr 134,655 2.38%
    03‑26 13D/A ESCC / Evans & Sutherland Computer Corp. Elevate Entertainment Inc. 10,576,487 92.1% 61.30
    03‑26 13D/A LMST / Limestone Bancorp, Inc. Bouvette Maria L 463,131 7.4% -17.50
    03‑26 13D/A MSG / The Madison Square Garden Company GAMCO INVESTORS, INC. ET AL 678,451 3.49% -17.30
    03‑26 13D/A SMMT / Summit Therapeutics plc LANSDOWNE PARTNERS (UK) LLP 21,143,500 6.3% -52.20
    03‑26 13D/A EVOA / EVO Transportation & Energy Services, Inc. Antara Capital Lp 8,025,000 35.97% 5.58
    03‑26 13D/A BHLB / Berkshire Hills Bancorp, Inc. Massad Pamela 1,507,721 3.0% -65.52
    03‑26 13D/A HCAP / Harvest Capital Credit Corp Joseph A. Jolson Trust Dtd 6/4/91 824,568 13.85% 9.92
    03‑26 13D/A EGLT / Egalet Corporation Capital Royalty L.p. 7,023,333 58.7%
    03‑25 13D/A FLR / Fluor Corp. Isico-a, Llc 13,725,938 9.79% 12.92
    03‑25 13D/A CIR / CIRCOR International, Inc. GAMCO INVESTORS, INC. ET AL 1,500,108 7.53%
    03‑25 13D/A PFSW / PFSweb, Inc. Engine Capital, L.P. 1,344,052 6.9% 13.11
    03‑25 13D/A BRFH / Barfresh Food Group Inc. PESSIN NORMAN H 3,892,452 1.7% 21.43
    03‑25 13D/A EVV / Eaton Vance Limited Duration Income Fund Saba Capital Management, L.P. 9,151,647 7.9% 17.91
    03‑25 13D/A ASPS / Altisource Portfolio Solutions SA Altisource Portfolio Solutions S.A. 856,742 5.38%
    03‑25 13D/A IVFH / Innovative Food Holdings, Inc. Smith Denver Johnson 2,583,471 7.6% 22.58
    03‑25 13D/A STCK / BMC Stock Holdings, Inc. Coliseum Capital Management, LLC 4,869,925 7.3% 35.19
    03‑24 13D/A QRHC / Quest Resource Holding Corp. Hampstead Park Environmental Services Investment Fund LLC 2,107,205 13.7%
    03‑24 13D/A GIFI / Gulf Island Fabrication, Inc. PVAM Perlus Microcap Fund, L.P. 659,610 4.31% -18.68
    03‑24 13D/A TMST / TimkenSteel Corporation GAMCO INVESTORS, INC. ET AL 1,403,900 3.12% -11.86
    03‑24 13D/A ONS / Oncobiologics, Inc. Gms Tenshi Holdings Pte. Ltd 54,656,003 65.3% 36.61
    03‑24 13D/A SALM / Salem Media Group, Inc. GAMCO INVESTORS, INC. ET AL 556,700 2.63% -13.49
    03‑24 13D/A GGO / The Gabelli Go Anywhere Trust GAMCO INVESTORS, INC. ET AL 120,000 22.8% -47.08
    03‑24 13D/A CASI / CASI Pharmaceuticals, Inc. He Wei-wu 12,545,527 12.07% 16.06
    03‑24 13D/A IMXI / International Money Express, Inc. Steamboat Capital Partners, LLC 2,590,609 6.8% 17.24
    03‑24 13D/A CREX / Creative Realities, Inc. Horton Capital Partners, LLC 878,677 8.8% -11.91

    Source: Fintel.io/activists

    submitted by /u/badpauly
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    Best Books I Read Last Year

    Posted: 31 Mar 2020 07:25 PM PDT

    Source: https://musingzebra.com/best-books-i-read-last-year/

    Books that should be read more than once.

    Antifragile: Things That Gain from Disorder

    While Taleb's previous two books—Fooled by Randomness and The Black Swan—focused on overconfidence and underestimation of risk, Antifragile is the antidote on how we can reduce fragility and in the process, gain from disorder and randomness.

    Antifragile provides a view that doing something supposedly harmful (not too much) can be beneficial. Here are some examples:

    • An adequate amount of stress is productive.
    • A controlled, localized forest burning reduces the chance of a full-scale firestorm.
    • Some physical activities such as weight training increase old people's lifespan.
    • Exposing the body to a deadly virus like Measles can acquire life-long immunity.
    • Allowing big banks to collapse is healthy for the overall financial system.

    This concept is widely applicable to both lives in general and in investing. The rule of thumb is you want to make more antifragile decisions and avoid decisions that increase fragility. A simple way to find out if a decision will do more harm in the long-term—makes you fragile—is to ask what happens when randomness is high.

    submitted by /u/dreamxite
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    Can someone explain how people refer to futures to speculate?

    Posted: 31 Mar 2020 02:57 PM PDT

    I see the statement all the time "futures are green, tomorrow will be green" and vice versa. This statement doesn't make sense to me because futures are just options but for physical goods like a promise to buy/sell oil at a certain price on a set date. No one says "options are green/red today" because they are unique things that rely on stocks that can't be generalized. You can say the market is green/red though based off SPY/DOW, etc. Is there some sort of futures index people refer to in order to base their speculation off of?

    submitted by /u/plsnoHIV
    [link] [comments]

    Today's Pre-Market Movers & News [Tuesday, March 31st, 2020]

    Posted: 31 Mar 2020 05:29 AM PDT

    Good morning traders and investors of the r/StockMarket sub! Welcome to Tuesday. Here are your pre-market stock movers & news this AM-

    (CLICK HERE TO VIEW THE FULL SOURCE!)

    Today's Top Headlines for Tuesday, March 31st, 2020

    • U.S. stock futures were pointing to a higher open Tuesday, the final day of the turbulent first quarter. The Dow Jones Industrial Average rose 3% on Monday — up over 20% from its coronavirus sell-off low hit on March 23 but still off 24.5% from last month's record high. The 10-year Treasury yield moved higher early Tuesday but remained around 0.7%. U.S. oil prices were bouncing more than 5% early Tuesday after falling below $20 per barrel to an 18-year low and finishing the New York session just above that level Monday. President Donald Trump and Russian President Vladimir Putin, in phone call Monday, agreed to talks to stabilize energy markets. China's official purchasing managers' index for March showed an expansion instead of an expected contraction. However, Chinese officials warned against reading too much into the numbers because February's outbreak halt was so severe.
    • Wall Street closes the books Tuesday on the worst month since the financial crisis, when the Dow sank 14% in October 2008, and the worst quarter since Q4 1987, a three-month period that included the October "Black Monday" stock market crash. The fourth quarter in 1987 saw the Dow plunge 25.3%. This year, heading into the final trading day in March, the Dow was losing more than 12% for the month and nearly 22% for the first quarter as the coronavirus crisis bought the U.S. economy to a virtual halt. The S&P 500 was faring marginally better than the Dow, off 11% in March, the worst since a nearly 17% drop in October 2008. The S&P 500′s 18.7% decline with one day left in the quarter was the worst three-month period since Q4 2008, when the index lost almost 22.6%.
    • Global coronavirus cases surged past 788,500 with 37,877 deaths and nearly 160,000 recoveries, according to Johns Hopkins University data. The U.S. remained the country with the most known cases — over 164,600. The U.S. death toll of 3,170 as of Tuesday morning was 139 below fatalities in China, where the outbreak started in December. The most deaths from the virus and the second most infections were in Italy, which saw 11,591 deaths among more than 101,700 cases. Spain has the third most cases at about 88,000 and the second highest death toll at 7,716. China has the fourth most cases at over 82,240 and the third most deaths at 3,309.
    • The USNS Comfort floating hospital ship was docked in New York City after arriving Monday morning with the goal of taking noncoronavirus patients within 24 hours. The arrival of the Comfort attracted crowds, with many seeing the ship as a symbol of hope. But the onlookers also raised questions around social distancing.The Comfort's mission was to help take the strain off New York hospitals, which have been overwhelmed by coronavirus cases. Temporary hospitals have been set up in New York's Javits Convention Center and in Central Park. The Comfort's sister ship, the USNS Mercy, has been serving noncoronavirus cases in Los Angeles since Sunday.
    • Amazon has fired a New York warehouse worker who organized a strike to demand what he sees as the greater need for coronavirus protections for employees. Chris Smalls, a management assistant at the fulfillment center known as JFK8 on the city's Staten Island, told CNBC on Monday he was fired to keep him quiet. Amazon said Smalls was fired after he received "multiple warnings" for violating social distancing guidelines and refusing to remain quarantined after coming into close contact with an associate who tested positive for the virus. The organizers said at least 50 people joined Monday's walkout. Amazon said that number was more like 15. The JKF8 facility employs about 4,500 people.

    STOCK FUTURES CURRENTLY:

    (CLICK HERE FOR STOCK FUTURES CHARTS!)

    YESTERDAY'S MARKET MAP:

    (CLICK HERE FOR YESTERDAY'S MARKET MAP!)

    TODAY'S MARKET MAP:

    (CLICK HERE FOR TODAY'S MARKET MAP!)

    YESTERDAY'S S&P SECTORS:

    (CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)

    TODAY'S S&P SECTORS:

    (CLICK HERE FOR TODAY'S S&P SECTORS CHART!)

    TODAY'S ECONOMIC CALENDAR:

    (CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

    THIS WEEK'S ECONOMIC CALENDAR:

    (CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

    THIS WEEK'S UPCOMING IPO'S:

    (CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)

    THIS WEEK'S EARNINGS CALENDAR:

    ($RH $BB $VFF $CHWY $KMX $WBA $PAYS $TTNP $STZ $CALM $GNLN $CSU $CAG $MKC $RMBL $GPL $HEXO $PVH $DARE $CTEK $CYD $NVCN $LW $AYI $ICLK $ALPN $APOG $UNF $EAST $SMTS $CSSE $SCHN $LNDC $NG $RECN $EDAP $APTX $ASND $VRNT $MOTS $VERO)

    (CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

    THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

    ($MKC $CAG $CSU $ICLK $BNTX $IMV $SNWV $IMAB $DUO)

    (CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

    EARNINGS RELEASES BEFORE THE OPEN TODAY:

    (CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)

    EARNINGS RELEASES AFTER THE CLOSE TODAY:

    (CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)

    YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:

    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!)
    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!)
    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #3!)
    (CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #4!)

    YESTERDAY'S INSIDER TRADING FILINGS:

    (CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS!)

    TODAY'S DIVIDEND CALENDAR:

    (CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)
    (CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)

    THIS MORNING'S MOST ACTIVE TRENDING TICKERS:

    • AMRN
    • NRZ
    • CRON
    • CCL
    • CAG
    • TME
    • NDX
    • JNJ
    • CUK
    • MKC

    THIS MORNING'S STOCK NEWS MOVERS:

    (source: cnbc.com)

    Conagra (CAG) – The food producer missed estimates by 2 cents a share, with fiscal third-quarter profit of 47 cents per share. Revenue also came in slightly short, however Conagra said it has seen significantly elevated demand for its food products over the past few weeks due to the virus outbreak. The company now expects to exceed its full-year sales and profit guidance.

    STOCK SYMBOL: CAG

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Carnival (CCL) – The cruise line operator is suspending dividend payments and stock repurchases, as voyage suspensions continue amid the coronavirus outbreak. Carnival said it could not estimate the impact of COVID-19 on its business, but expects a net loss for fiscal 2020.

    STOCK SYMBOL: CCL

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    McCormick (MKC) – The spice maker earned $1.08 per share for its latest quarter, 5 cents a share above estimates. Its revenue was below forecasts, however, as results were impacted by the coronavirus outbreak. The company withdrew its prior financial forecast due to uncertainties surrounding the COVID-19 pandemic.

    STOCK SYMBOL: MKC

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    RH (RH) – RH reported quarterly profit of $3.72 per share, beating consensus by 13 cents a share. The Restoration Hardware parent's revenue was well short of estimates, however, amid lower traffic and more backorders during the holiday season. The furniture retailer also withdrew its financial guidance.

    STOCK SYMBOL: RH

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Amarin (AMRN) – Amarin received an unfavorable ruling from a Nevada court in a patent case involving its fish oil drug Vascepa, used to treat patients with high triglyceride levels. The court ruled in favor of Hikma Pharmaceuticals and Dr. Reddy's Laboratories (RDY), which want to make generic versions. Amarin said it would pursue all available legal remedies.

    STOCK SYMBOL: AMRN

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    British American Tobacco (BTI) – BAT and rival British cigarette maker Imperial Brands both announced deals for new multi-billion dollar credit lines, although they also say they are not seeing any major impact on their businesses from the coronavirus outbreak.

    STOCK SYMBOL: BTI

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    American Airlines (AAL) – The airline plans to apply for up to $12 billion in government assistance, according to an employee memo seen by Reuters. That would mean no involuntary layoffs or pay cuts over the next six months.

    STOCK SYMBOL: AAL

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Spirit Airlines (SAVE) – Spirit is canceling all flights to and from New York, New Jersey, and Connecticut, following warnings from US officials not to travel to the tri-state area because of the COVID-19 pandemic.

    STOCK SYMBOL: SAVE

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Yum Brands (YUM) – Yum sold $600 million in junk-rated debt, with the restaurant chain planning to use the money for "general corporate purposes." The debt carries a yield of 7.75%, much higher than the 4.75% Yum paid in a debt issue in December.

    STOCK SYMBOL: YUM

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Gap (GPS) – Gap will furlough most of its 80,000 retail workers, as many of the apparel retailer's stores remain closed. Gap will also cut corporate jobs and executive pay.

    STOCK SYMBOL: GPS

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Visa (V) – Visa said its transaction volume deteriorated during the second half of this month, as countries impose social distancing and sheltering in place due to the virus outbreak.

    STOCK SYMBOL: V

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Domino's Pizza (DPZ) – The restaurant chain withdrew its financial guidance, as many stores in international markets remain closed, although most U.S. locations remain open.

    STOCK SYMBOL: DPZ

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Norwegian Cruise Line (NCLH) – Norwegian extended its voluntary suspension of cruises through May 10, after originally suspending them through April 11.

    STOCK SYMBOL: NCLH

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Zoom Video Communications (ZM) – Zoom's privacy practices are being investigated by the New York State attorney general's office, according to a report in The New York Times.

    STOCK SYMBOL: ZM

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    FULL DISCLOSURE:

    /u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. /u/bigbear0083 is an admin at the financial forums Stockaholics.net where this content was originally posted.

    DISCUSS!

    What's on everyone's radar for today's trading day ahead here at r/StockMarket?

    I hope you all have an excellent trading day ahead today on this Tuesday, March 31st, 2020! :)

    submitted by /u/bigbear0083
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    Forex and crypto trader looking to start trading and investing in stocks. Would appreciate it if you could help.

    Posted: 31 Mar 2020 07:54 AM PDT

    I trade forex and crypto profitably. I'm not rich or anything but my profitability has been consistent and it's what I do for a living. The prices of stocks may probably move differently from those of forex and crypto (as do prices of forex move differently from those of crypto), so I realize that my trading strategies may not work for stocks. But I'd like to start trading/investing in stocks (and other kinds of markets in the future) to expand my field of expertise.

    If anyone could give advice and tips to me, I'd really appreciate it. Here are a few questions I'd like answers to:

    1. What brokers would you recommend me? (FYI: I live in Canada)

    2. How are stocks different from forex and crypto, especially in terms of price actions and price movement patterns?

    3. Is trading/investing in stocks more profitable than forex and/or bitcoin statistically speaking?

    4. As a forex and crypto trader, what other things should I know about stock trading/investing? Any other tips, advice or recommendation?

    Thank you.

    submitted by /u/YourMoneyBelongsToMe
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    What is the consensus about another market dip amidst covid

    Posted: 31 Mar 2020 01:42 PM PDT

    Is there connected people with information about the overall concensus whether another market dip is generally expected. Is it a time to buy stock or should rather wait?

    I understand unemployment numbers are expected although within the next few weeks if a sell-off is to be expected.

    submitted by /u/xyrosonic
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    How long do airline shares take to recover post recessions?

    Posted: 31 Mar 2020 07:35 PM PDT

    First time investor, I'm thinking about buying a few airline shares right now since they're down a lot in the past month and don't break the break, and it's a guarantee they'll recover when everything is all said and done. The question is, how long? I'm looking at keeping them for a long time or at least until they return to pre-recession prices

    submitted by /u/Dettlaff1
    [link] [comments]

    Sussed it. But kidding aside, I am looking at on-line share prices presently.

    Posted: 31 Mar 2020 07:24 PM PDT

    Future Bond Script idea; "What if a group of on-line retailers colluded to introduce a worldwide virus, forcing people to stay indoors? They could meet in a secret space station, funded by a Musk look-alike and flown there by a Branson wannabe..."

    submitted by /u/CharleyPen
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    Overview of Last Week's Insider Trading Activity

    Posted: 31 Mar 2020 09:34 AM PDT

    We have been looking at unusual insider compensation activity (executive purchases, sales, grants) for a while now and will start posting the previous week's findings here.

    It is still a fairly new effort and we need a bunch more time/data to verify the long-term results, but the early findings have been promising. We found $SLRX and $YTEN within 10 days of announcements that jumped their stock 25% and 40% respectively (and the stocks below beat the market by 50% since we wrote about them throughout the last week).

    1) Dynex Capital Inc ($DX) - Insider Purchases

    From Yahoo Finance:

    Dynex Capital, Inc., a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States.

    Dynamix was seeing some nice growth at the beginning of the year, but have fallen 41% to a price of $11.84 since reaching their high of $20.17 on February 20th.

    Their Form 4 activity shows a whole bunch of executives and directors purchasing stock over the last few days.

    Digging deeper into the purchases we can see that there are some sizable purchases in both dollar amounts and percentage sizes. We also see that some of the purchases were preferred stock purchases.

    Date Executive Name Title Type Stock Type Avg Price Total Purchased # of Shares Total Shares Share Increase
    2020-03-18 Stephen Benedetti CFO and COO P-Purchase Common $8.51 $72.3K 8.5K 119.4K 8%
    2020-03-18 Byron Boston CEO and co-CIO P-Purchase Common $7.94 $103.2K 13.0K 261.8K 5%
    2020-03-18 Jeffrey Childress VP and Controller P-Purchase Common $8.15 $16.3K 2.0K 10.6K 23%
    2020-03-18 Jeffrey Childress VP and Controller P-Purchase Series B Preferred $11.19 $1.9K 0.2K 0.2K 100%
    2020-03-17 Jeffrey Childress VP and Controller P-Purchase Series C Preferred $16.93 $27.9K 1.7K 1.7K 100%
    2020-03-18 Smriti Popenoe EVP and co-CIO P-Purchase Common $10.15 $77.1K 7.6K 68.3K 13%
    2020-03-18 Robert Salcetti Director P-Purchase Series B Preferred $12.80 $35.1K 2.7K 2.7K 100%
    2020-03-17 Barry Igdaloff Director P-Purchase Common $11.45 $1.2M 100.8K 211.4K 91%
    2020-03-17 Barry Igdaloff Director P-Purchase Series C Preferred $17.64 $20.0K 1.1K 1.1K 100%
    2020-03-16 Michael Hughes Director P-Purchase Series C Preferred $17.40 $47.0K 2.7K 2.7K 100%
    2020-03-16 David Stevens Director P-Purchase Common $11.91 $4.9K 0.4K 4.5K 10%

    Checking the actual Form 4 forms, we verify that there is no explanation or pre-arranged plan for these purchases.

    Dynex does have ownership requirements that require directors to hold 3x their retainer fee in stock, the CEO to hold 5x their salary in stock, and the other specified executives to hold 3x their salary in stock.

    Before the market crashed, all of the directors and executives were well above their ownership guidelines. The market crash pushed the CEO and EVP below their threshold, but their purchases did not put them back over the threshold (they have until December 31, 2020, to reach the threshold).

    Date Executive Name Title $ Amt Owned $ Amt Required Delta
    2020-03-18 Stephen Benedetti CFO and COO $2.6M $1.3M $1.3M
    2020-03-18 Byron Boston CEO and co-CIO $3.0M $3.5M -$479.3K
    2020-03-18 Smriti Popenoe EVP and co-CIO $788.3K $1.3M -$516.7K
    2020-03-17 Barry Igdaloff Director $2.4M $255.0K $2.2M
    2020-03-18 Robert Salcetti Director $1.1M $195.0K $935.4K
    2020-03-16 Michael Hughes Director $1.4M $255.0K $1.1M

    2) SITE Centers Corp ($SITC) - Insider Purchases

    From Yahoo Finance:

    SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers

    The start of 2020 has been rough for SITE. They entered 2020 with a stock price near $12.75 and then saw it fall 55% to its closing price of $5.67 on March 20th.

    The recent Form 4 activity shows their CEO, CFO, and a Director making purchases on the open market. The CEO made a sizable $568,000 worth of purchases while the Director and CFO increased their positions by 11% and 23% respectively.

    Date Executive Name Title Type Stock Type Avg Price Total Purchased # of Shares Total Shares Share Increase
    2020-03-19 David Lukes CEO P-Purchase Common Shares $5.20 $520.0K 100.0K 368.2K 37%
    2020-03-19 David Lukes CEO P-Purchase Preferred Class A $12.00 $24.0K 2.0K 2.0K 100%
    2020-03-19 David Lukes CEO P-Purchase Preferred Class K $12.00 $24.0K 2.0K 2.0K 100%
    2020-03-19 Conor Fennerty CFO P-Purchase Common Shares $4.58 $50.4K 11.0K 59.7K 23%
    2020-03-19 Terrance Ahern Director P-Purchase Common Shares $3.96 $106.9K 27.0K 263.2K 11%

    The individual Form 4 forms show that there was no explanation given for the purchases, so we can assume these were not part of some pre-arranged plan.

    SITE has ownership requirements requiring the CEO to own 5x their salary in stocks, the COO and CFO to hold 3x their salaries, and the Directors to own 5x their cash retainers.

    Before the market crash, all of the executives were above the stock ownership thresholds (except for the CFO who recently became CFO and has until March 31, 2025, to meet the requirement). The market crash put the CEO well below his ownership requirement and his purchases did not put him back over the requirement.

    \ Mr. Fennerty's salary was not present in the most recent Proxy Statement because he just recently became CFO, so we just used the old CFO's salary for this table**

    Date Executive Name Title $ Amt Owned $ Amt Required Delta
    2020-03-19 David Lukes CEO $2.1M $4.3M -$2114.2K
    2020-03-19 Conor Fennerty CFO $338.2K $1.5M -$1161.8K
    2020-03-19 Terrance Ahern Director $1.5M $250.0K $1.2M

    SITE has 4 executives that must file their trades publicly, and we only see the CEO and CFO making open market purchases. This is obviously less compelling than if all 4 executives were to have made purchases, but the CEO paying over $500,000 to increase his holding by over 40% is still noteworthy.

    3) Chimera Investment Corp ($CIM) - Insider Purchases

    We wrote about Chimera last week, but they recently amended their Form 4s to clarify that what they previously said were stock grants were actually purchases by the executives and directors.

    From Yahoo Finance:

    Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities

    Chimera was on a slight upward trajectory during the beginning of the year before falling 58% from their high of $22.98 to their closing price on March 20th of $9.55.

    Their Form 4 activity shows that all of their executives (and one director) made purchases (with 4 of the 5 executives making sizable six-figure purchases) on March 18th.

    Date Executive Name Title Type Share Type Avg Price $ Amount Received # of Shares Total Shares Share Increase
    2020-03-18 Gerard Creagh Director P-Purchase Common $8.44 $303.8K 36.0K 153.6K 31%
    2020-03-18 Matthew Lambiase CEO P-Purchase Common $8.51 $425.5K 50.0K 993.9K 5%
    2020-03-18 Robert Colligan CFO P-Purchase Common $9.31 $139.7K 15.0K 237.0K 7%
    2020-03-18 Mohit Marria CIO P-Purchase Common $7.75 $116.3K 15.0K 390.9K 4%
    2020-03-18 Choudhary Yarlagadda COO P-Purchase Common $7.50 $304.5K 40.6K 366.3K 12%
    2020-03-18 Phillip Kardis Chief Legal P-Purchase Common $8.11 $24.3K 3.0K 186.5K 2%

    Looking at the CEO's individual Form 4, we see that these were in fact open market purchases and not stock grants as was originally reported. The Form 4 also does not mention that these purchases are part of any pre-arranged plans.

    The Proxy Statement verifies that Chimera does have ownership guidelines for the executives and directors that require the CEO to own 5x their annual salary in stock, the other named executives to own 3x their salary, and the directors to own 5x their annual cash retainer.

    Even with the almost 60% stock decline, all of the executives and the director that purchased stock are well above their required holding threshold (except the Chief Legal Officer).

    Date Executive Name Title $ Amt Owned $ Amt Required Delta
    2020-03-18 Gerard Creagh Director $1.5M $600.0K $867.2K
    2020-03-18 Matthew Lambiase CEO $9.5M $4.3M $5.2M
    2020-03-18 Robert Colligan CFO $2.3M $1.5M $763.1K
    2020-03-18 Mohit Marria CIO $3.7M $2.4M $1.3M
    2020-03-18 Choudhary Yarlagadda COO $3.5M $2.3M $1.2M
    2020-03-18 Phillip Kardis Chief Legal $1.8M $2.3M -$468.8K

    Any time you have all of the executives making purchases in the open market when the stock price is at its low point, it is worth paying attention to.

    4) Carpenter Technology Corporation ($CRS) - Insider Purchasing

    From Yahoo Finance:

    Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. It operates through two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools, and metal powders and parts.

    Carpenter Tech has been having a rough start to the year before ultimately crashing a whopping 70% to their low of $14.87 at close on March 20th.

    The Form 4 activity shows some purchasing activity by 3 of the their executives and 1 of their Directors. Not the most compelling purchasing activity as only 3 of the 5 executives made purchases and most of the purchases weren't huge, but the General Counsel did purchase $220,000 worth of stock increasing his shares by 49%.

    Date Executive Name Title Type Stock Type Avg Price Total Purchased # of Shares Total Shares Share Increase
    2020-03-18 James Dee General Counsel P-Purchase Common $22.00 $220.0K 10.0K 30.5K 49%
    2020-03-18 Tony Thene CEO P-Purchase Common $17.72 $97.5K 5.5K 164.1K 3%
    2020-03-18 Brian Malloy Chief Commercial Officer P-Purchase Common $17.63 $52.9K 3.0K 30.5K 11%
    2020-03-10 Robert McMaster Director P-Purchase Common $28.05 $42.1K 1.5K 5.1K 42%

    The individual Form 4 forms do not give any explanation for these purchases, so it is safe to assume these purchases are not for any pre-arranged plans.

    The Proxy Statement tells us that Carpenter Tech has stock ownership guidelines that require the CEO to own 5x their base salary in stock, the SVPs to own 3x their base salaries, and the VPs to own 2x their base salaries.

    Before the market crash, all of the executives were well above their required ownership amount, but the crash put everyone well below their requirements and none of their purchasing activity has pushed them over the requirement.

    Date Executive Name Title $ Amt Owned $ Amt Required Delta
    2020-03-18 James Dee General Counsel $455.6K $846.0K -$390.4K
    2020-03-18 Tony Thene CEO $2.4M $4.5M -$2007.8K
    2020-03-18 Brian Malloy Chief Commercial Officer $455.7K $849.2K -$393.5K
    2020-03-10 Robert McMaster Director $75.5K $330.0K -$254.5K
    submitted by /u/Connorvo
    [link] [comments]

    For Trading April 1

    Posted: 31 Mar 2020 07:08 PM PDT

    For Trading April 1st

    A Normal Day?

    Late Selloff No Real Features

    Today was as close to a normal day as any I've seen in the last 6 weeks. Futures were all over the place last night and opened to the downside this morning but before 10:00 we were back on the upside banging against the 2,640 level for the fourth day in a row. Support around 2,575 seems to be present and we rallied off it several times. However, today's pickup to a slight new high for the week and closing on the low of the day leads me to the conclusion that we are running out of steam. This week's range is a meager 95 S&P points, and the Friday close of $2,541 may be an important number. If we go no higher and get back into last week's range (2191 to 2637) we can head back towards the area of a necessary, test of the current bottom (and I use that term with extreme caution).

    The volume continues to shrink daily, with the absence of the normal "end of quarter" rebalancing trading. Market internals were just okay with NYSE losers with a slight edge and NASDAQ 1:1. Volume was average for an average day, as were treasury prices. Most of the economic numbers are pre-COVID-19 and I think useless. The DJIA was considerably weaker than the market with 25 down and only 5 up. The only big (?) gainer was CAT on the news that the Great Orange might suspend or delay tariff charges, and it was up only $29 DPs. This has become an incredibly hard market to trade since the IV has become so extreme that if you want to trade an SPY position (as I did today) in order to make even a short-term trade the option prices are so absurd as to skew the risk to unreasonable levels. The example today was a simple one. At a price on the SPY around $259.50, the SPY 4/8 240 puts were $3.30…that's a week from tomorrow, and $20 out of the money, for $3.30.If for any reason, volatility subsides, these thing will lose a major piece of its premium. If you're right, and it happens fast, great, however, if it takes more than a day or two, to get started, or moves up, even though it's not what I expect, it just withers away.

    Our "open forum" on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It's a great place to share ideas and gain some insights, and we've grown to almost 800 members.

    SECTORS: Other names in the news: Since it's late, I'm going right to two of my favorite topics: Today's Disaster Du Jour was Amarin Corp (AMRN), a biotech that got an unfavorable ruling on patent litigation related to a potential generic version of Vascepa. The company said it will not affect worldwide patent protection. The stock received several downgrades from Oppenheimer, Goldman, and Stifel, and after closing $13.58 yesterday, it opened $4.22 and finished the day $4.00 -9.58 (70.54%)

    On the upside we had two winners with Vivus (VVUS) introducing a remote monitoring platform for use when there is Social Distancing. VVUS is a long way down from its highs in the last decade but came to life today and after closing $ .95 yesterday with an open of $4.00 and finished the day $3.60 +2.65 (279%).

    But the HOMERUN OF THE DAY goes to SGBX, maker of modular units for easy and quick construction received a MOU from Transcend Onsite Care to use their technology for container-based modules for medical care. After closing on Monday @ $2.06, it opened $3.80, traded $9.74 and closed $9.30 +7.24 (351.46%) before continuing higher in late trading hitting $12.75 and is currently $10.35.

    BIOPHARMA: was MIXED with TEVA the big winner @ 8.87 +.36 (4.23%), REGN +13.90 (2.94%), VRTX +6.03 (2.06%) and LABU -1.09 (4.72%), and IBB $106.35 -2.;49 (2.29%),

    CANNABIS: This group was MIXED CRON -.69 (10.88%) the biggest loser, while CURLF -.22 (5.3%) and MJ $11.40 -.15 (1.3%).

    DEFENSE: was LOWER with RTN -10.23 (7.24%), UTX -4.25 (4.32%), NOC -12.73 (4.06%) and ITA $142.90-4.67 (3.16%).

    RETAIL was LOWER with the group down across the board. M -.53 (9.87%), JWN -.69 (4.37%), KSS -1.60 (9.98%), DDS -4.23 (10.27%), WMT -2.00, TGT -3.68 (3.83%), TJX -1.33 (2.8%), RL -4.75 (6.68%), UAA -.51 (5.33%), LULU -6.56 (3.38%), TPR -.27, CPRI -.50 and XRT $29.78 -.24 (.80%).

    FAANG and Big Cap: were LOWER with GOOGL +.69, AMZN -25.95, AAPL -4.21, FB -1.20, NFLX +1.04, NVDA -6.09, TSLA +13.37, BABA +.23, BIDU +1.05, BA -5.78, CAT +3.49, DIS -4.30 (4.31%) and XLK $79.48 -2.42 (2.95%).

    FINANCIALS were LOWER with GS -7.12 (4.45%), JPM -4.75 (5.08%), BAC -1.07 (4.85%), MS -1.51 (4.33%), C -2.63 (6.57%), PNC -6.37 (6.31%), AIG -1.81 -1.81, TRV -5..59 (5.45%), AXP -6.14 (6.8%) and XLF $20.82 -.59 (2.76%).

    OIL, $20.48 +.39. The stocks were MIXED even with the price of Oil trading higher. NBL was the big winner +.58 (10.92%), DNR -.18 (8.5%), and XLE $28.72+.10 (.35%).

    METALS, GOLD: $1,596.60 -46.60 After the recent gains, Gold has failed to break through the highs around $1700 and have fallen back. I will reassess and look for a new entry point.

    BITCOIN: closed $6475 + 95. We traded in another short range again today and finished mid-range on the day. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.12 +.07 today.

    Tomorrow is another day.

    CAM

    submitted by /u/Dashover
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    Stock Watch List March 31, 2020

    Posted: 31 Mar 2020 05:53 AM PDT

    Good morning, here's my watch list

    Gap Ups: ACAD, AKRO, CTMX , EYEG, JNJ (gapping into 200 DMA), NVDA, OMI, SGBX , VVUS

    Gap Downs: AMRN, CCL, EURN, RH, TWLO

    SPY sitting just under 200 Weekly Moving Average which could act as resistance. Market pretty flat, not many good gaps but there are a couple worth taking a look at. If the market does go higher, Names like ROKU, NVDA, could be in play as well but I will be focusing mostly on gappers today and if the market falls, then I will take a look at UVXY/TVIX. Earnings coming up in a few weeks, so hopefully we'll start seeing more movement in a few weeks. Good luck trading

    submitted by /u/Kant_sleep13
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