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Recent Biotech Pullback A Game of Risk

“The biotech sector as measured by the SPDR S&P Biotech ETF (XBI) has fallen by nearly 5 percent in recent weeks” writes Michael Kramer for investopedia.com. In this case, the XBI represents a basket of biotech stocks.Goldman Sachs added some positive sentiment Wednesday after adding biotech heavyweight Biogen (BIIB) to it is Americas Conviction list, according to MarketWatch. Source: investopedia.com Share This:

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The implied probability of a stock market crash seems wrong

“Indeed, looking at the options market, it is possible to imply the expected probability of a significant decline in asset prices” writes Josh Brown for businessinsider.com. According to the Minneapolis Federal Reserve, the probability of a 25% or greater decline in US equity prices occurring over the next 12 months implied in the options market is only around 10% (see Exhibit 12). Source: businessinsider.com Share This:

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Cisco’s revenue decreased in its fiscal Q4, but it edged past Wall Street’s target

“Cisco reported its fiscal fourth-quarter earnings on Wednesday, with revenues slightly above analyst estimates” writes Becky Peterson for businessinsider.com.au. Even so, Cisco’s stock declined nearly 2% in after hours trading on Wednesday. Get the latest Cisco stock price here. Source: businessinsider.com.au Share This:

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SunTrust predicts Snap will plunge more than 20% on Facebook competition

“SunTrust Robinson Humphrey on Tuesday initiated coverage of Snap shares with a sell rating, citing the competitive threat of its larger rivals copying its innovations” writes Brendan Mcdermid for cnbc.com. Nearly 70 percent of Wall Street does not have buy ratings on Snap shares, according to FactSet.Snap shares have tumbled since its March initial public offering.Despite the call, Snap shares rose 1.7 percent in early trading Wednesday.One Wall Street firm believes there will be no turnaround for the social media company’s stock anytime soon. Source: cnbc.com Share This:

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The stock that’s surged 150 percent this year – and could rise even higher

“Out of all the stocks in the broad S&P 1500 index with more than $2 billion in market capitalization, the best performer this year is Scientific Games” writes Richard Bord for cnbc.com. Wieczynski maintains a hold rating on the stock, explaining that “we remain on the sidelines until a better entry point presents itself.”. Good news for the company has come in the form of an uptick in earnings, as well as an improving debt situation. Source: cnbc.com Share This:

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Bill Ackman buys protection against stock market turmoil

“Billionaire hedge-fund manager Bill Ackman revealed he bought protection against a stock market drop due to rising geopolitical risk” writes Adam Jeffery for cnbc.com. This hedge “will protect against stock market risk,” he said, specifically citing a potential conflict on the Korean peninsula.The hedge-fund manager has become embroiled in a public battle concerning his latest activist position, ADP. Ackman revealed on the call he raised an additional $500 million in a co-investment vehicle for the firm’s ADP investment. Source: cnbc.com Share This:

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This fund manager finds contrarian bargains among ‘smidcaps’

“But first, does it even make sense to think that smidcap stocks can make a comeback?” writes Michael Brush for marketwatch.com. Lockridge’s fund is overweight consumer-oriented names, energy, and the basics like industrials and materials.But smidcap stocks have a higher projected annual earnings growth rate — 12.6% compared to 11%. “That alone should start attracting interest in the small caps,” says Lockridge. Source: marketwatch.com Share This:

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Analyst initiates three social media stocks, and guess which one is a sell?

“SNAP, +2.39% which Youssef Squali, lead analyst on all three reports, initiated at sell, saying the company has more downside than reflected in analyst estimates” writes Caitlin Huston for marketwatch.com. Snap has a young and “impressive” user base, Squali said, particularly in terms of engagement on the platform.Snap’s user growth, which touched 173 million daily active users in its latest quarter, up 21% from the year-earlier period, is a sign of a healthy base, he said.SunTrust Robinson Humphrey initiated coverage of three big social media platforms Wednesday, taking a bearish…

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Tyson to create 300 jobs as it expands Tennessee chicken operations

“TSN, -0.39% said Wednesday that it will create more than 300 jobs in Tennessee, as it invests $84 million to expand its poultry operation in Union City” writes Reporter Editor for marketwatch.com. The stock, which was still inactive in premarket trade, has gained 6.9% year to date, while the S&P 500 SPX, +0.12% has climbed 10%. Source: marketwatch.com Share This:

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