Toward the end of trading Monday, the Dow traded down 0.61 percent to 17,174.24 while the NASDAQ dropped 1.22 percent to 4,523.85. The S&P also fell, declining 0.82 percent to 1,994.01.
Leading and Lagging Sectors
In trading on Monday, non-cyclical consumer goods & services shares dropped by just 0.33 percent. Top gainers in the sector included The Clorox Company (NYSE: CLX), up 6.9 percent, and Nature's Sunshine Products (NASDAQ: NATR), up 5.3 percent.
Hot Industrial Disributor Companies To Watch In Right Now: Amarin Corporation PLC(AMRN)
Amarin Corporation Plc, a clinical-stage biopharmaceutical company, focuses on developing treatments for cardiovascular diseases. Its lead product candidate includes AMR101, a prescription grade omega-3 fatty acid, which is in second Phase III clinical trial for the treatment of high triglyceride levels in statin-treated patients who have mixed dyslipidemia. The company, formerly known as Ethical Holdings plc, was founded in 1989 and is based in Dublin, Ireland.
Advisors' Opinion:- [By Roberto Pedone]
Another biopharmaceutical player that's starting to trend within range of triggering a big breakout trade is Amarin (AMRN), which commercializes and develops therapeutics to improve cardiovascular health. This stock has been annihilated by the bears over the last three months, with shares off sharply by 70%.
If you take a look at the chart for Amarin, you'll notice that this stock has been uptrending over the last few weeks, with shares gapping up and moving higher from its low of $1.59 to its recent high of $2.19 a share. During that move, shares of AMRN have been making mostly higher lows and higher highs, which is bullish technical price action. That move has started to push shares of AMRN within range of triggering a big breakout trade above some key near-term overhead resistance levels.
Traders should now look for long-biased trades in AMRN if it manages to break out above some near-term overhead resistance levels at $2.19 to $2.24 a share, and then once it takes out more key overhead resistance at $2.45 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 9.26 million shares. If that breakout triggers soon, then AMRN will set up to re-fill some of its previous gap down zone from last October that started just above $5 a share.
Traders can look to buy AMRN off any weakness to anticipate that breakout and simply use a stop that sits right below its 50-day moving average of $1.79 a share. One can also buy AMRN off strength once it starts to take out those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
- [By Brian Orelli]
Prescriptions of Amarin's (NASDAQ: AMRN ) Vascepa are on a path to the moon. The company was nice enough to include a graph plotting prescriptions since the lipid-lowering drug launched at the end of January. (You can download a larger version here.)
- [By Roberto Pedone]
Amarin (AMRN) is a biopharmaceutical company that commercializes and develops therapeutics to improve cardiovascular health. This stock closed up 6% to $5.62 in Tuesday's trading session.
Tuesday's Range: $5.39-$5.70
52-Week Range: $5.12-$14.97
Tuesday's Volume: 9.30 million
Three-Month Average Volume: 3.74 millionShares of AMRN ripped higher on Tuesday after H.C. Wainwright upgraded the stock.
From a technical perspective, AMRN gapped up sharply here and broke out above some near-term overhead resistance at $5.59 with monster upside volume. This stock has been downtrending badly for the last six months, with shares dropping from over $8 to its recent low of $5.12. During that move, shares of AMRN have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of AMRN have now started to rebound off that $5.12 low and are quickly moving within range of triggering a major breakout trade. That trade will hit if AMRN manages to take out some near-term overhead resistance levels at $5.74 to its 50-day at $5.88 and then once it takes out more resistance at $6.20 with high volume.
Traders should now look for long-biased trades in AMRN as long as it's trending above some key near-term support levels at $5.13 to $5.12, and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.74 million shares. If that breakout hits soon, then AMRN will set up to re-test or possibly take out its next major overhead resistance levels at $7.17 to $7.30. Any high-volume move above those levels will then put $8 to $8.50 within range for shares of AMRN.
Top 10 Integrated Utility Stocks To Watch Right Now: Employers Holdings Inc (EIG)
Employers Holdings, Inc. (EHI), incorporated on March 9, 2005, is a holding company. The Company is a provider of workers compensation insurance focused on select small businesses in low to medium hazard industries. It employs a disciplined, conservative underwriting approach designed to individually select specific types of businesses, predominantly those in the lowest four of the seven workers' compensation insurance industry defined hazard groups, that it believe will have fewer and less costly claims relative to other businesses in the same hazard groups. Workers' compensation is provided for under a statutory system wherein employers are required to provide coverage for their employees' medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses. It operates as a single reportable segment and conduct operations in 31 states and the District of Columbia, with a concentration in California, where over one-half of its business is generated.
Workers' compensation provides insurance coverage for the statutorily prescribed benefits that employers are required to provide to their employees who may be injured or suffer illness in the course of employment. The level of benefits varies by state, the nature and severity of the injury or disease, and the wages of the injured worker. Each state has a statutory, regulatory, and adjudicatory system that sets the amount of wage replacement to be paid, determines the level of medical care required to be provided, establishes the degree of permanent impairment, and specifies the options in selecting healthcare providers. These state laws generally require two types of benefits for injured employees: medical benefits, including expenses related to the diagnosis and treatment of an injury, disease, or both, as well as any required rehabilitation and (indemnity payments, which consists of temporary wage replacement, permanent disability payments, and death benefits to surviving family members.
Disciplined Underwriting
The Company focuses on disciplined underwriting and continues to pursue profitable growth opportunities across market cycles. It carefully monitor market trends to assess new business opportunities that it expects will meet its pricing and risk standards. It prices its policies based on the specific risks associated with each potential insured rather than solely on the industry class in which a potential insured is classified. Its disciplined underwriting approach is a critical element of its culture and its believe that it has allowed them to offer competitive prices, diversify its risks, and out-perform the industry.
It executes its underwriting processes through automated systems and experienced underwriters with specific knowledge of local markets. It has developed automated underwriting templates for specific classes of business that produce faster quotes when certain underwriting criteria are met. Its underwriting guidelines consider many factors, such as type of business, nature of operations, and risk exposures, and are designed to minimize or prevent underwriting of certain undesirable classes of business.
Loss Control
Its loss control professionals provide consultation to policyholders to assist them in preventing losses and containing costs once claims occur. They also assist its underwriting personnel in evaluating potential and current policyholders and are an important part of its underwriting discipline.
Premium Audit
It conducts premium audits on substantially all of its policyholders annually upon the policy expiration. Premium audits allow them to comply with applicable state and reporting bureau requirements and to verify that policyholders have accurately reported their payroll and employee job classifications. It also selectively perform interim audits on certain classes of business or if unusual claims are filed or concerns are raised regarding projected annual payrolls, whi! ch could ! result in substantial variances at final audit.
Claims and Medical Case Management
The role of its claims department is to actively and efficiently investigate, evaluate, and pay claims, and to aid injured workers in returning to work in accordance with applicable laws and regulations. It has implemented rigorous claims guidelines and control procedures in its claims units and have claims operations throughout the markets it serves. It also provides medical case management services for those claims that it determines will benefit from such involvement. utilize medical provider networks affiliated with Anthem Blue Cross of California (Anthem) and Coventry Health Care, Inc. and make every appropriate effort to direct injured workers into these networks for medical treatments.
In addition to its medical networks, it work closely with local vendors, including attorneys, medical professionals, and investigators, to bring local to its reported claims. It pays special attention to reducing costs and have established discounting arrangements with the aforementioned service providers. It uses preferred provider organizations, bill review services, and utilization management to closely monitor medical costs. It actively pursues fraud and subrogation recoveries to mitigate claims costs. Subrogation rights are based upon state and federal laws, as well as the insurance policies it issues. Its fraud and subrogation efforts are handled through dedicated units.
The Company competes with The Hartford Financial Services Group, Inc., Travelers Insurance Group Holdings, Inc., Zurich Insurance Group Ltd., and Berkshire Hathaway Homestate Companies.
Advisors' Opinion:- [By Roberto Pedone]
Employers Holdings (EIG) is a provider of worker's compensation insurance focused on select small businesses engaged in low to medium hazard industries. This stock closed up 2.9% at $28.48 in Thursday's trading session.
Thursday's Volume: 252,000
Three-Month Average Volume: 119,789
Volume % Change: 75%From a technical perspective, EIG jumped notably higher here right above its 50-day moving average of $26.48 with above-average volume. This stock has been uptrending strong for the last five months, with shares soaring higher from its low of $21.03 to its recent high of $29.12. During that move, shares of EIG have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of EIG within range of triggering a near-term breakout trade. That trade will hit if EIG manages to take out its 52-week high at $29.18 with high volume.
Traders should now look for long-biased trades in EIG as long as it's trending above Thursday's low of $27.65 or above its 50-day at $26.48 and then once it sustains a move or close above its 52-week high at $29.18 with volume that's near or above 119,789 shares. If that breakout hits soon, then EIG will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $33 to $35.
Top 10 Integrated Utility Stocks To Watch Right Now: Blackrock Global (BOE)
BlackRock Global Opportunities Equity Trust is a closed ended equity mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets across the globe. The fund invests in the stocks of companies operating across diversified sectors. It primarily invests in all cap companies. The fund benchmarks the performance of its portfolio against the S&P Global Broad Market Index. BlackRock Global Opportunities Equity Trust was formed on May 31, 2005 and is domiciled in the United States.
Advisors' Opinion:- [By Fede Zaldua]
Even when production was down by 2%, realization prices were up by 4% at $67.4 per barrel of oil equivalent (boe). Downstream was, by far, the weakest link of all. Downstream earnings declined aggressively by 76% year over year due to lower margins and the sale of two refineries in the U.S. As a matter of fact, earnings were 74% upstream, 14% Rosneft and 12% downstream. Earnings were good but they are still a reflection of a company that is trying to reshape itself.
Top 10 Integrated Utility Stocks To Watch Right Now: Bank of South Carolina Corp.(BKSC)
Bank of South Carolina Corporation operates as the holding company for The Bank of South Carolina that provides commercial banking products and services to individuals, and small and medium-sized businesses in South Carolina. The company accepts a range of deposit products, which include checking accounts, negotiable order of withdrawal accounts, savings accounts, individual retirement accounts, and other time deposits, such as daily money market accounts and longer-term certificates of deposit. It also offers various commercial loans, including secured and unsecured loans for working capital, business expansion, and purchasing machinery and equipment; mortgage loans; industrial loans; real estate loans; loans to individuals for household, family, and other personal expenditures; and other loans, including overdrafts. In addition, the company provides Internet banking services, including online bill pay and remote deposit capture; credit cards; check card services; and saf e deposit boxes, letters of credit, travelers checks, direct deposit of payroll, social security and dividend payments, and automatic payment of insurance premiums and mortgage loans. Further, it offers a courier service and ACH origination service as part of its deposit services for commercial customers; and a portfolio of wealth management/trust, investment, and retirement services. The company has four banking house locations in Charleston, Summerville, and Mt. Pleasant, South Carolina. It serves customers in Berkeley, Charleston, and Dorchester counties. The company was founded in 1986 and is headquartered in Charleston, South Carolina.
Advisors' Opinion:- [By Marc Bastow]
Financial institutions holding company Bank of South Carolina (BKSC) raised its dividend 8.3% to 13 cents per share, payable on Oct. 31 to shareholders of record as of Oct. 7.
BKSC Dividend Yield: 3.72%
Top 10 Integrated Utility Stocks To Watch Right Now: Franklin Resources Inc.(BEN)
Franklin Resources Inc. is a publicly owned asset management holding company. The firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It manages, through its subsidiary, separate client-focused equity, fixed income, and balanced portfolios. The firm also launches equity, fixed income, and balanced mutual funds. It launches hedge funds and provides retirement plans to its clients through its subsidiaries. The firm invests in the public equity and fixed income markets across the globe through its subsidiaries. Franklin Resources, Inc was founded in 1947 and is based in San Mateo, California with additional offices in Edinburgh, United Kingdom, Fort Lauderdale, Florida, St. Petersburg, Florida, Hong Kong, China, Melbourne, Australia, Sydney, Australia, Nassau, Bahamas, New York City, Paris, France, Rancho Cordova, California, and Toronto, Ontario.
Advisors' Opinion:- [By Dan Caplinger]
Who wants in on the action?
All that said, plenty of mutual fund companies have seen the writing on the wall and are eager to come to market with active ETFs. Mutual fund giants Fidelity, Franklin Templeton (NYSE: BEN ) , Janus Capital (NYSE: JNS ) , and Legg Mason (NYSE: LM ) are just some of the companies looking to follow in PIMCO's footsteps with active ETFs. Each of these companies owes a huge portion of its profits to management fees on the billions in assets that it holds, and each recognizes the need to defend its turf by reaching into the ETF space. For Legg Mason and Franklin Templeton, which already offer closed-end mutual funds that trade on exchanges, moving to ETFs is an even shorter step. - [By Dan Caplinger]
In the following video, Dan Caplinger, The Motley Fool's director of investment planning, goes through a few situations where an IRA rollover might not be ideal. Dan notes that Franklin Templeton (NYSE: BEN ) , AllianceBernstein (NYSE: AB ) , Goldman Sachs (NYSE: GS ) , and other companies often offer cheaper class of mutual funds that would otherwise carry sales loads or higher fees outside a 401(k). Dan also talks about company stock and the special rules for 401(k)s that own it, as well as the importance of looking at overall fees to decide if your 401(k) is the best place to invest or whether an IRA rollover will help you more.
Top 10 Integrated Utility Stocks To Watch Right Now: Synageva BioPharma Corp (GEVA)
Synageva BioPharma Corp., incorporated in 1993, is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapeutic products. It has several protein therapeutics in development, including two enzyme replacement therapies for lysosomal storage disorders and two programs for life-threatening genetic conditions. Its lead program, SBC-102, recombinant human lysosomal acid lipase (LAL), is its advanced pipeline program in clinical development for LAL Deficiency. This enzyme is responsible for the metabolism of cholesteryl esters and triglycerides that are delivered to lysosomes by a variety of routes, including low-density lipoprotein receptor mediated endocytosis. On November 2, 2012, Trimeris, Inc. merged with Synageva BioPharma Corp.
SBC-102 is produced by recombinant deoxyribonucleic acid (DNA) technology in egg white using its protein manufacturing platform. The Company has initiated natural history studies in approximately 20 countries. In addition to SBC-102, it is progressing protein therapeutic programs for other rare diseases, which are at different stages of preclinical development. These include two enzyme replacement therapies for other lysosomal storage disorders and two programs for other rare life-threatening conditions. As of December 31, 2011, its product candidate pipeline included SBC-102, SBC-103, SBC-104, SBC-105 and SBC-106.
SBC-104 is an extracellular protein that targets a severe, rare genetic condition. SBC-105 is an enzyme replacement therapy being developed to treat a severe, rare metabolic disorder. SBC-106 is a protein therapy that targets a severe and rare genetic condition.
Advisors' Opinion:- [By Ben Levisohn]
Somaiya and team named Gilead and�Neurocrine Biosciences (NBIX) their top picks, hile putting Buy ratings on Celgene, Biogen Idec, Alexion (ALXN), Incyte (INCY), Pharmacyclics (PCYC) and Synageva (GEVA). BioMarin (BMRN), Infinity Pharmaceuticals (INFI) and Amgen (AMGN) earned Neutral ratings.
- [By Garrett Cook]
Shares of Synageva BioPharma (NASDAQ: GEVA) were down 14.42 percent to $89.69 after the company reported that Phase 3 study met primary endpoint and six secondary endpoints across multiple disease-related abnormalities. Citigroup initiated coverage on Synageva BioPharma with a Neutral rating.
Top 10 Integrated Utility Stocks To Watch Right Now: Varian Medical Systems Inc.(VAR)
Varian Medical Systems, Inc. designs, manufactures, sells, and services equipment and software products for treating cancer with radiotherapy, stereotactic radiotherapy, stereotactic body radiotherapy, stereotactic radiosurgery, and brachytherapy worldwide. Its Oncology Systems segment offers products, such as linear accelerators, brachytherapy afterloaders, treatment simulation and verification equipment, and accessories; and information management, treatment planning, and image processing software. This segment serves university research and community hospitals, private and governmental institutions, healthcare agencies, doctors? offices, and cancer care clinics. The company?s X-ray Products segment provides x-ray tubes for use in a range of applications, including computed tomography scanning, radiographic or fluoroscopic imaging, mammography, special procedures, and industrial applications; and flat panel digital image detectors for filmless x-ray imaging. It sells t hese products to imaging systems original equipment manufacturers that incorporate them into their medical diagnostic, dental, veterinary, and industrial imaging systems; independent service companies; and directly to end-users. The company also designs, manufactures, sells, and services Linatron x-ray accelerators, imaging processing software, and image detection products for security and inspection purposes, such as cargo screening at ports and borders, and nondestructive examination in various applications. In addition, it develops products and systems for delivering proton therapy; and technologies in the areas of digital X-ray imaging technology, volumetric and functional imaging, improved X-ray sources, and technology for security and cargo screening applications. The company was formerly known as Varian Associates, Inc. and changed its name to Varian Medical Systems, Inc. in April 1999. Varian Medical Systems, Inc. was founded in 1948 and is headquartered in Palo Alto , California.
Advisors' Opinion:- [By Ben Levisohn]
Intuitive Surgical has fallen 4.4% to $381.39 today, but doesn’t seem to be having much of an impact on comparable companies. Hologic (HOLX) has ticked up 0.2% to $22.06, Danaher (DHR) has fallen -.4% to $72.05 and Varian Medical Systems (VAR) has gained 0.2% to $78.70.
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