Why Charter Communications Stock Jumped 12% in January

Why Charter Communications Stock Jumped 12% in January
What happened Shares of Charter Communications, Inc. (NASDAQ: CHTR) rose 12.3% last month, according to data provided by S&P Global Market Intelligence , after news reports started showing higher-than-expected earnings for some large companies because of the recently passed tax reform changes. So what While it might seem odd that investors would push up a company’s share price due to... Read More

Update: TSX Posts Modest Decline Tuesday as Weaker Crude Oil Prices Weigh on Energy Sector

Update: TSX Posts Modest Decline Tuesday as Weaker Crude Oil Prices Weigh on Energy Sector
Canada’s main stock market declined Tuesday and gave back a portion Monday’s 200+ point rally. The weakness in the index was consistent with the slippage seen in European bourses, though the overseas share markets posted larger setbacks. The S&P/TSX Composite Index was off 25 points or 0.2% to close at 15,216. U.S. markets posted modest gains, led by the Nasdaq,... Read More

DHX Media Ltd. Doubles Down on Full-Year Targets

DHX Media Ltd. Doubles Down on Full-Year Targets
DHX Media (NASDAQ: DHXM) reported earnings Tuesday morning, covering the second quarter of fiscal year 2018. The maker and distributor of children’s content and related brands delivered steady sailing toward its full-year targets, including strong results from recently acquired brands. DHX Media’s second-quarter results: The raw numbers Here’s a quick look at DHX Media’s financial results. Note that all numbers... Read More

This Potentially Game-Changing News Sent AmerisourceBergen Corp. as Much as 14% Higher

This Potentially Game-Changing News Sent AmerisourceBergen Corp. as Much as 14% Higher
What happened Shares of AmeisourceBergen (NYSE: ABC) , a distributor of brand-name and generic drugs and a pharmacy supply chain management company, soared by as much as 14% Tuesday after The Wall Street Journal reported before the opening bell that Walgreens Boots Alliance (NASDAQ: WBA) is considering a buyout bid for the company. The stock is up about 9% as... Read More

Close Update: Wall Street Recovers As Powell Assurances Fuel Bargain Hunting

Close Update: Wall Street Recovers As Powell Assurances Fuel Bargain Hunting
Wall Street’s major averages closed with modest gains on Tuesday as dovish comments from Fed Chairman Jerome Powell set in motion a rebound that was fueled by bargain hunters in beaten down health care and telecom stocks. Early losses associated with the weaker dollar and concerns about higher inflation were pared when Powell assured Wall Street that the Fed would... Read More

The Survivors of the Volatility ETF Collapse Are Riskier Than the Victims

The Survivors of the Volatility ETF Collapse Are Riskier Than the Victims
The stock market’s recent volatility has brought the once-unknown category of inverse volatility ETFs into the limelight. That usually happens when investors learn the hard way that what has been a winning investment can suddenly lose nearly all of its value in a single day. Yet as devastating as the collapse in shares prices of the VelocityShares Daily Inverse VIX... Read More

Penske (PAG) Gains from Buyouts, Wide Dealership Network

Penske (PAG) Gains from Buyouts, Wide Dealership Network
On Feb 12, we issued an updated research report on the automotive and commercial truck dealership company, Penske Automotive Group, Inc. PAG . In the fourth-quarter 2017, Penske Automotive witnessed a year-over-year increase in revenues and adjusted earnings. Moreover, both earnings and revenues surpassed the respective Zacks Consensus Estimate. In January, the company completed acquiring The Car People, a used-vehicle... Read More

Why Innoviva Inc. Stock Jumped Tuesday

Why Innoviva Inc. Stock Jumped Tuesday
What happened Shares of biopharmaceutical company Innoviva (NASDAQ: INVA) , which is primarily in the business of managing drug royalties it receives from major stakeholder and pharmaceutical company GlaxoSmithKline (NYSE: GSK) , jumped as much as 11.2% on Tuesday. The stock’s gain follows an announcement that activist hedge fund Sarissa Capital has reached an agreement with Innoviva that will reconstitute its... Read More

ImmunoGen Moves One Foot Forward

ImmunoGen Moves One Foot Forward
ImmunoGen (NASDAQ: IMGN) continues to move its pipeline of drugs through the marathon of drug development, but at least the biotech can hear the roar of the crowd at the finish line in the distance. ImmunoGen results: The only number that really matters Metric Q4 2017 Q4 2016 Year-Over-Year Change Cash and equivalents $267 million $160 million 67% Data source:... Read More