Ignyta Announces Pricing Of Public Offering Of Common Stock
SAN DIEGO–(BUSINESS WIRE)–Ignyta, Inc. (Nasdaq: RXDX) (“Ignyta”), a biotechnology company focused on precision medicine in oncology, today announced the pricing of an underwritten public offering of 10.0 million shares of its common stock at a price to the public of $16.00 per share. The gross proceeds from this offering are expected to be $160.0 million, […]
E Market Briefing For Friday, Oct. 20
Looking way over their shoulders on this Anniversary of the 1987 crash, investors quickly saw that this wasn’t going to be a replication of that day; a drop that was telegraphed in advance by currency fluctuations we noted all the way back then (in predicting that break and ensuing buying opportunity), and the less-noticed attack […]
GE Options Are Pricing In Massive Dividend Cuts
GE shares are languishing at more than four year lows (as the broader market soars to record highs) and GE credit risk stands at 8 month highs (almost double the post-crisis lows hit in June). As Goldman analyst Joe Ritchie warns, a significant earnings per share/free cash flow reset looms and the prospect of a […]
5 Great GARP Stocks Based On Low PEG Ratio
Investors seeking long-term growth often wonder whether they should resort to any of the fundamental strategies like growth or value, or follow an approach that combines the best of both. Not to forget the fact that, a pure play value investor always misses the chance of betting on stocks that have bright long-term prospects. On […]
The Best Trading Advice Comes From A Guy Who Makes Tapas
Unless you are a foodie the name Jose Andres will mean nothing to you. But in the restaurant world, Mr. Andres is a big deal. He owns 26 restaurants across the world, several of which carry Michelin stars. Ha has also been the face of Puerto Rican relief, serving more than 100,000 meals in PR […]
Can Someone Please Help Me With The Timing?
Lately, one of my biggest duds of a call has been for the yield curve to steepen. Sure, I have all sorts of fancy reasons why it should steepen, but reality glares back at me in black and white on my P&L run. Sometimes fighting with the market is an exercise in futility. Now I know many […]
2017 Sector And Asset Class Correlations
Below is a matrix that shows the correlation between the daily price changes (%) of various sectors and asset classes so far in 2017. The closer the reading is to 1, the more correlated the pair. The closer the reading is to -1, the more negatively correlated the pair. Readings near 0 mean the pair […]
This Sucker’s Going Down
Thirty years ago the market crashed 23% in one day. It’s everyone’s worst nightmare – seeing their savings get cut in a quarter overnight. This is obviously traumatic so it’s rational to worry about such an event. There are important lessons in big traumatic events like this so let’s dive deeper. I have a simple […]
Stocks Rally Ahead Of Earnings Season
A persistent theme this year has been stocks surging to record highs during each quarterly earnings cycle. The first three quarters of 2017 earnings have seen a series of 6 week explosions to the upside: February, April/May and July. In fact, removing these three 6 week surges would leave the stock market completely flat for the […]
Litecoin Price Setup Still Bullish
Litecoin price, just like other leading cryptocurrencies, had a rough time this week. Ethereum price dropped as low as 287 USD, Bitcoin traded above 5800 USD to shed almost a 1000 USD in less than 48 hours. The question remains the same, for Litecoin and for other leading Cryptocurrencies: Is it a Bubble? Will Cryptocurrencies survive the wave […]
