Monthly Archives: September 2017

Best Biotech Stocks To Invest In Right Now

It would be fair to say biotech has had an interesting time of it over the course of the past 15 months. Except, of course, that biotech always has an interesting time of it. The go big or go home sector of the market attracts speculators, scientists, and unsavory characters, but also attracts people hoping for critical improvements to their healthcare options.

With a lot of sentiment and sometimes too little information, it can be hard to find an edge. Throw in the political questions stemming from stories like Valeant (NYSE:VRX), Sarepta (NASDAQ:SRPT), and Mylan (NASDAQ:MYL), and the interesting times don’t appear likely to go away.

With an assist from SA Managing Editor (and CFA) Mike Taylor, we asked a few authors who focus on the biotech sector to tell us which way they think the winds might blow.

Our panel:

Bret Jensen, author of The Biotech Forum ONeil Trader, author of Growth Stock Forum Bhavneesh Sharma, author of Vasuda Healthcare A nalytics Chris Lau, author of Value Stocks for DIY Investors Alexander J. Poulos, author of Undervalued Gems Wall Street Titan, author of Stem Cell Sector News and Analysis

Seeking Alpha: Investors are aware of headline political risk this year, but there’s also some regulator level confusion. On one hand, we have a recent approval decision on a six-figure drug from Sarepta with controversy over efficacy, to put it mildly. On the other hand, there’s uproar over the EpiPen, which some argue is expensive but at least is acknowledged to work. How are you evaluating the FDA’s and regulators’ posture relative to industry?

Best Biotech Stocks To Invest In Right Now: Cheniere Energy, Inc.(LNG)

Advisors’ Opinion:

  • [By Brian Feroldi, Chuck Saletta, Tyler Crowe, Jason Hall, and Jordan Wathen]

    With that in mind, we asked a team of Fools each to highlight a stock that a billionaire investor has been selling recently. Read on to see why they chose Cheniere Energy (NYSEMKT:LNG), Activision Blizzard (NASDAQ:ATVI), Suncor Energy (NYSE:SU), MGIC Investment Corporation (NYSE:MTG), and Extended Stay America (NYSE:STAY).

  • [By Craig Jones]

    Pete Najarian noticed that somebody bought 17,000 contracts of the July 55 calls in Cheniere Energy, Inc.(NYSE: LNG) for $0.60. He followed the trade and he is planning to hold it until expiration. The trade breaks even at $55.60 or 9.90 percent higher.

  • [By Manikandan Raman]

    Bays said the momentum would boost fortunes for projects like Cheniere Energy, Inc. (NYSE: LNG)’s Corpus Christi, Liquefied Natural Gas Ltd (ASX:LNG)’s Magnolia, and Tellurian Inc (NASDAQ: TELL)’s Driftwood LNG project, among others.

Best Biotech Stocks To Invest In Right Now: TheStreet, Inc.(TST)

Advisors’ Opinion:

  • [By Steven Goldberg]

    Launched in August 2001, Action Alerts PLUS Portfolio has been a centerpiece of the financial advice offered by The website belongs to TheStreet, Inc. (TST), a publicly traded company that Cramer co-founded in 1996. PLUS Portfolio subscribers, who pay $15 a month, always get the recommendations before Cramer buys them for the portfolio, the Wharton paper reports. Likewise, subscribers get Cramers picks before he airs them on Mad Money.

Best Biotech Stocks To Invest In Right Now: Cracker Barrel Old Country Store Inc.(CBRL)

Advisors’ Opinion:

  • [By Monica Gerson]

    Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) is projected to report its quarterly earnings at $1.80 per share on revenue of $705.65 million.

  • [By Monica Gerson]

    Analysts are expecting Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) to have earned $1.80 per share on revenue of $705.65 million in the latest quarter. Cracker Barrel shares gained 0.67 percent to $152.50 in after-hours trading.

  • [By Jake L’Ecuyer]

    Cracker Barrel Old Country Store (NASDAQ: CBRL) shares tumbled 2.50 percent to $104.32 after the company reported a 1.1% drop in its fiscal fourth-quarter earnings and issued a downbeat Q1 forecast.

  • [By Shauna O’Brien]

    Cracker Barrel Old Country Store, Inc. (CBRL) shares dropped over 4% on Wednesday morning after the company reported lower fourth quarter earnings and a weak outlook for its first quarter.

    The Lebanon, TN-based company reported fourth quarter earnings of $34.3 million, or $1.43 per share, down slightly from $34.7 million, or $1.47 per share, a year ago. On average, analysts expected to see earnings of $1.35 per share.

    Total revenue fell to $646.1 million from $700.01 million last year. Analysts expected to see revenue of $668.68 million.

    Cracker Barrel President and CEO Sandra Cochran commented: “The fourth quarter of fiscal 2013 represents the seventh consecutive quarter of year-over-year improvement in comparable store traffic, restaurant sales, and retail sales. The financial results of the fourth quarter and full year reflect the effective execution of our strategic plan. As we begin our 2014 fiscal year, we are poised to capitalize on the achievements of fiscal 2013.”

    For FY2013, CBRL’s earnings rose 14% to $117.27 million, while EPS rose to $4.90 per share. On an adjusted basis, earnings were $4.97 per share, up 15% from the year prior. Total revenue for the year was $2.64 billion, up 3% from a year ago.

    Looking forward, the company expects to see first quarter earnings between $1.05 and $1.15 per share. This estimate would fall significantly below the average analyst estimate of $1.32 per share.

    For FY2014, the company expects EPS in the range of $5.60 to $5.80 and revenue between $2.7 billion and $2.75 billion. Analysts expect to see earnings of $5.69 per share and $2.74 billion in revenue.

    Cracker Barrel shares were down $4.70, or 4.39%, during Wednesday morning trading. The stock is up 59% YTD.

Trump says the U.S. is the highest taxed country in the world. It’s not.

On Wednesday, President Trump twice said the United States is “the highest taxed nation in the world.”

No, it’s not.

In fact, Trump has made the very same blanket claim at least 18 times before, according to the Committee for a Responsible Federal Budget.

Here are just a few ways the United States trails other countries in terms of taxation.

Total revenue collected

The United States in 2015 collected $14,794 per capita in tax revenue, according to data from the OECD, which is a group of 34 democracies with market economies.

That’s well below what many other OECD members collected. Luxembourg took the top spot, with $42,655 collected per person. Norway came in second, collecting $30,140.

As a share of the economy, the U.S. collected 26.4% of its gross domestic product in total revenue, well below the 34.3% OECD average. By that measure, Denmark takes the top spot at 46.6%.

Individual taxes

Many other economies impose a top income tax rate — factoring in both the national and local tax bite — that’s well above the highes t combined individual income tax rate in the United States. And often the top rate in other economies hit people much lower down the income scale than those paying the highest tax rate in the United States.

For example, in 2012, the highest U.S. combined rate was 44% and it applied to income over $400,000. But in Denmark, the top rate was 60% and applied to income over $55,000.

What’s more, once tax breaks are taken into account, the federal income tax burden on average Americans is lower than most expect. The majority of Americans effectively pay less than 15% of their total income in federal taxes. And close to 40% end up with zero income tax liability every year.

Corporate taxes

Among countries and tax jurisdictions worldwide, the U.S. corporate tax rate ranks third, behind the United Arab Emirates and Puerto Rico, according to the Tax Foundation.

Trump is on firmer ground when he says — as he did Wednesday — that the U.S. co rporate tax rate is the highest “in the developed world.”

The top U.S. corporate rate is 35%. When combined with state and local business taxes, it’s just over 39% on average. That’s higher than the average statutory rates of countries in the OECD. It’s also higher than that of the 15 largest economies in the world, according to the Congressional Research Service.

But that doesn’t tell the whole story.

Corporate tax revenue only accounts for about 2.2% of U.S. GDP, which is below the OECD average. And as percent of total taxes collected, the U.S. has been roughly on par with the OECD average in recent years.

In terms of actual tax burden, the Government Accountability Office found that once various tax breaks are taken into account, large profitable U.S. companies paid, on average, about 14% of their pretax income in taxes in 2012 — or 22% once foreign, state and local taxes are included.

And about a fifth of those companies owed no U.S. taxes at all. One factor that can contribute to a company’s zero tax liability is if it has foreign profits that it leaves overseas, because under the current system U.S. tax can be deferred on offshore earnings until that money is repatriated.

Still, calls to lower the U.S. corporate rate are widespread because so many other countries that compete with the United States for business have lowered their statutory rates.

“Our high marginal tax rates distort incentives, but we have so many tax breaks in our code, the high rate doesn’t translate to paying more overall in taxes. It mainly means we collect our taxes in a highly-complex and often inefficient manner, which is why there is so much we can do to improve our tax code,” CRFB president Maya MacGuineas has noted.

Top Heal Care Stocks To Invest In 2018

We know that the U.S. population is aging. 10,000 Baby Boomers turn 65 every day. Maybe that’s more than you thought. Maybe that’s less. But in absolute terms, it’s a lot of people requiring specialized housing (with long-term care option on site, for example) and a statistic that grows as the years go by. This yields very attractive economics in the demand for senior housing, which exceeds the current supply.

Companies that specialize in senior housing, assisted living and medical office buildings or a mix of the above all stand to benefit immensely.

Top Heal Care Stocks To Invest In 2018: BofI Holding Inc.(BOFI)

Advisors’ Opinion:

  • [By Jason Hall]

    Internet bank holding companyBofI Holding, Inc.(NASDAQ:BOFI) reported financial and operating results on April 25 after market close, with net income of $41 million — the most-ever in a single quarter in its history. BofI delivered strong growth in net interest income, book value, loan originations, and a number of other key metrics.

  • [By Matthew Frankel]

    Internet-based bank holding company BofI Holding (NASDAQ:BOFI) is not like most other banks. Since the name BofI stands for “Bank of Internet,” one thing that obviously makes the bank unique is its online-only business model. However, there are a lot of less-obvious things about BofI Holding that you might find interesting.

  • [By Matthew Frankel]

    3. BofI Holding (NASDAQ:BOFI) is a more speculative choice, but one that deserves serious consideration. The bank, whose name stands for “Bank of Internet”, is the oldest internet-only bank in the U.S. By maintaining an online-based business model, the bank enjoys competitive advantage such as low overhead and the ability to offer better rates on loan and deposit products than peers.

Top Heal Care Stocks To Invest In 2018: Technology Select Sector SPDR ETF (XLK)

Advisors’ Opinion:

  • [By Money Morning News Team]

    If the price is keeping you out of GOOGL, take a look at theTechnology SPDR ETF (NYSE Arca: XLK), where you get to hold shares of many of these top tech companies at a fraction of the cost.

  • [By Tom Gentile]

    Both XLV and the Technology Select Sector SPDR ETF (NYSE Arca: XLK) are the two top-performing sectors so far this year, and both have performed better than the next-best ETF by at least a full 5% or more.

Top Heal Care Stocks To Invest In 2018: Impax Laboratories, Inc.(IPXL)

Advisors’ Opinion:

  • [By Keith Speights]

    Impax Laboratories (NASDAQ: IPXL  ) could be watching more closely than Sanofi. The two companies reached a deal last year that allows Impax to begin marketing a generic version of Renvela in 2014. If approved, Zerenex could take away some of the profits that Impax expected to gain.

  • [By Lisa Levin]

    Shares of Impax Laboratories Inc (NASDAQ: IPXL) were down around 29 percent to $10.12. Impax Labs reported Q4 adjusted earnings of $0.16 per share on revenue of $198.4 million.

Top Heal Care Stocks To Invest In 2018: MediWound Ltd.(MDWD)

Advisors’ Opinion:

  • [By Lisa Levin]

    Shares of Mediwound Ltd (NASDAQ: MDWD) were down 17 percent to $5.03. Mediwound priced its 4,400,000 offering of ordinary shares at $5 per share.

    Aldeyra Therapeutics Inc (NASDAQ: ALDX) was down, falling around 20 percent to $7.30. Aldeyra Therapeutics reported proposed public offering of common stock.

Top Heal Care Stocks To Invest In 2018: Beasley Broadcast Group Inc.(BBGI)

Advisors’ Opinion:

  • [By Lisa Levin]

    Tuesday afternoon, the cyclical consumer goods & services sector proved to be a source of strength for the market. Leading the sector was strength from Beasley Broadcast Group Inc (NASDAQ: BBGI) and Lee Enterprises, Incorporated (NYSE: LEE).

  • [By Benzinga News Desk]

    Beasley Broadcast Group (NASDAQ: BBGI) and Greater Media have entered into a definitive agreement under which Beasley will acquire all of the outstanding stock of Greater Media for approximately $240 million.

Litecoin Prices Plunge As Crypto Markets Suffer Sell-Off

Litecoin plunged to roughly half its all-time high earlier today. Shutterstock

Litecoin prices fell today, dropping to roughly half of the all-time high they reached earlier this month.

The digital currency declined to as little as $46.04 earlier in the day, roughly 50% lower than the high of $92.07 it hit on September 2, CoinMarketCap data shows.

The currency’s price has been struggling lately, suffering continued losses after enjoying a sharp rally earlier this year.

China Headwinds

The price of Litecoin has been encountering headwinds from China, following the broader cryptocurrency market lower as traders sell off these digital assets.

Earlier today, BTCC announced that all trading would cease as of September 30.

This announcement was simply the latest development in what has been an ongoing regulatory crackdown in China.

At the start of the month, China banned the use of initial coin offerings, which are token sales that companies use to raise money.

Since that time, reports have been circulating that Chinese authorities will prevent exchanges from trading on their soil.

Crypto Market Sell-Off

Bitcoin fell to its lowest in more than a month following the news about BTCC, and many other digital currencies moved in the same direction.

This is to be expected, as Iqbal Gandham, UK managing director of social trading platform eToro, noted that "most" cryptocurrencies follow Bitcoin’s price movements.

Litecoin ‘Sensitive’ To Chinese Markets

While digital currencies in general may track the price movements of Bitcoin, Litecoin is even "more sensitive" to Chinese markets than other cryptocurrencies, said Brad Chun, chief investment officer at Shuttle Fund Advisor.

Litecoin is "largely dominated" by Chinese investors, he stated.

Lucas Geiger, founder and CEO of Wireline, offered similar input, asserting that there is a "China effect" that will amplify sell-offs in some of the more volatile cryptocurrencies. 

Disclosure: I own some Bitcoin and Ether.

Top Clean Energy Stocks To Watch Right Now

Shaw Communications (NYSE:SJR) has seen a strong reaction in its stock price in response to its 2nd quarter earnings report that showed significant subscriber performance in its cable and wireless segments. This was especially surprising as the company had lowered expectations ahead of the quarter. However, we think that the company is currently overvalued as it trades at a premium in forward EV/EBITDA at X8.93 compared to an industry average of x7.90. We do not think that this is justified by superior growth upside as will be further discussed in the article. Additionally, we do not see EBITDA increasing to bring the company to a fair valuation as it will face adversity with increasing costs in the Cable market.

(Source: Capital IQ)

Top Clean Energy Stocks To Watch Right Now: Akorn, Inc.(AKRX)

Advisors’ Opinion:

  • [By Alex McGuire]

    As a service to our readers, the following list provides the 10 top pharmaceutical stocks to watch this month (May 2017), including the biggest gainers from April…

    Pharmaceutical Stock Current Share Price April 2017 Gain Cleveland BioLabs Inc. (Nasdaq: CBLI) $3.62 +120.6% Nexvet Biopharma Plc. (Nasdaq: NVET) $6.61 +69.7% Motif Bio Plc. (Nasdaq ADR: MTFB) $10.10 +68.2% Axovant Sciences Ltd. (NYSE: AXON) $24.43 +62.3% Cyclacel Pharmaceuticals Inc. (Nasdaq: CYCC) $5.49 +46.7% Conatus Pharmaceuticals Inc. (Nasdaq: CNAT) $8.67 +44.9% Akebia Therapeutics Inc. (Nasdaq: AKBA) $13.07 +43.3% Akorn Inc. (Nasdaq: AKRX) $33.28 +38.9% Rockwell Medical Inc. (Nasdaq: RMTI) $8.78 +37.4% Akari Therapeutics Plc. (Nasdaq ADR: AKTX) $15.02 +35.4%

    The best-performing pharma stock of the month – Cleveland BioLabs Inc. – surged 120.6% to $3.53 a share by April 28. That crushed both the Nasdaq Biotech Index’s 1.5% gain and the Dow Jones’ 1.3% rise over the same period.

  • [By Wayne Duggan]

    Akorn, Inc. (NASDAQ: AKRX) shares are up 18.2 percent on Friday after Bloomberg reported Frensius is considering a buyout bid for Akorn.

    The news came just hours after Benzinga alerted its pro subscribers to an unusually large Akorn call purchase on the options market.

  • [By Dan Caplinger]

    Despite a lack of conviction in the market at large, some stocks posted sharp gains on Friday, and Diana Shipping (NYSE:DSX), Akorn (NASDAQ:AKRX), and Granite Construction (NYSE:GVA) were among the best performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so well.

  • [By Wayne Duggan]

    Akorn, Inc. (NASDAQ: AKRX) shares are drifting higher by 0.27 percent (about $0.10 per share) Wednesday after jumping 3.2 percent Tuesday following a report the company was on the verge of a buyout deal.

Top Clean Energy Stocks To Watch Right Now: First Harvest Corp., Prior to Reverse Merger with Cannavoices, Inc. (HVST)

Advisors’ Opinion:

  • [By Javier Hasse]

    First Harvest Corp (OTC: HVST), acquired Cannavoices, Inc., a developer of cannabis-focused mobile games and social media platforms.

    "A trend we've seen developing slowly but steadily [is one] wherenew channels are being developed to reach cannabis consumers, primarily due to limits in advertising. There is so much regulation in the space that, in such an entrepreneurial environment where there are really no incumbent leaders, people are trying to be creative and figuring out ways to reach the cannabis consumer, both as an undeserved demographic and, just one that has still got that taboo around it, [leading] to larger players not necessarily getting involved yet." "Basically, they are trying to figure out ways to reach the consumer without direct TV advertising and stuff like that.”

    Related Link: Marijuana Stocks Go On Reversal Mode After 8 Weeks Of Gains: Cannabis Index Down From 52-Week High

Top Clean Energy Stocks To Watch Right Now: SemiLEDS Corporation(LEDS)

Advisors’ Opinion:

  • [By Monica Gerson]

    SemiLEDs Corporation (NASDAQ: LEDS) is estimated to post its quarterly earnings.

    Staffing 360 Solutions Inc (NASDAQ: STAF) is expected to post a quarterly loss at $0.28 per share.

  • [By Lisa Levin]

    SemiLEDs Corporation (NASDAQ: LEDS) was down, falling around 17 percent to $6.75 following Q2 earnings report. SemiLEDS reported a Q3 loss of $1.06 per share on revenue of $2.4 million.

Top Clean Energy Stocks To Watch Right Now: Patriot One Technologies Inc. (PTOTF)

Advisors’ Opinion:

  • [By Jim Robertson]

    That brings me to small cap security stockPatriot One Technologies (OTCQB: PTOTF) which has developed PATSCAN – the next generation of its award-winning NForce CMR1000 software and radar solution. PATSCAN is a first-of-its-kind Cognitive Microwave Radar concealed weapons detection system as an effective tool to combat active shooter threats before they occur. Designed for cost-effective deployment in weapon-restricted buildings and facilities, the Patriot One software solution and related hardware can be installed in hallways and doorways to covertly identify weapons and to alert security of an active threat entering the premises. Owner/operators of private and certain public facilities can now prominently post anti-weapons policies with compliance assured. The Companys motto, Deter, Detect and Defend, is based on the belief that widespread use of its technology will act as an effective deterrent.

  • [By Elizabeth Loring]

    Last week Patriot One Technologies (OTCQB: PTOTF) (TSX VENTURE: PAT), the Toronto, Ontario based company that aims to limit the spread of active violence through superior detection technology by instantly identifying concealed weapons, even on moving targets. announced the appointment of Mr. John Gillies as a member of it’s Board of Directors.

  • [By Jim Robertson]

    Small cap homeland security and screening stocks like FLIR Systems (NASDAQ: FLIR), OSI Systems (NASDAQ: OSIS),Varex Imaging Corp (NASDAQ: VREX) and Patriot One Technologies (OTCQB: PTOTF) stand to benefit fromTrumps focus on border andinternal security in general. Heres what you need to know about all four: