day trading futures

Citigroup bond analyst Murali Ganti and team consider the impact of Valeant Pharmaceuticals’ (VRX) statement regarding its attempt to modify its bond covenants…

Kris Tripplaar/Sipa USA

On 03/30/16, Valeant launched its Credit Agreement amendment process to extend the filing deadlines for filing its FY 2015 10-K to 05/31/16 from 04/29/16 and its 1Q 2016 10-Q to 07/31/16. Along with the filing extensions, the company is also looking to waive the cross-default language related to Valeants bond indentures for not filing its FY 2015 10-K by 03/15/16 (the deadline for filing per the bond indentures). Furthermore, Valeant is also looking to amend its Minimum Interest Coverage Ratio Covenant, which was set to step up to 3.00x from 2.25x with the start of 2Q 2016, as well as to adjust its definition of Consolidated EBITDA to increase the amount of permitted add-backs related to a number of items such as restructuring expenses, transaction expenses and debt amendment fees…

day trading futures: Achillion Pharmaceuticals Inc.(ACHN)

Advisors’ Opinion:

  • [By Ben Levisohn]

    We updated our annual U.S. Hep C survey in early July, in order to gauge the future for Gilead, AbbVie/Enanta Pharmaceuticals (ENTA), Merck, and J&J/Achillion Pharmaceuticals (ACHN). In conjunction with script trends, physicians indicate that the market for treatment-eligible, easily accessible Hep C patients is shrinking, but that Gilead’s share of the shrinking pie is continuing to grow. With no end to script declines in sight, we are left wondering where the Hep C will bottom…

day trading futures: Franklin Resources, Inc.(BEN)

Advisors’ Opinion:

  • [By Craig Jones]

    Jim Strugger recommended on Bloomberg Markets a long position in Franklin Resources, Inc. (NYSE: BEN).

    He said the company is in the assets management sector and he added that the market is probably getting into the period of higher dispersion, which is usually favorable for active managers. Speaking on the positive catalysts for the stock, Strugger said Franklin Resources is going to benefit from the cash repatriation.


    Franklin Resources (BEN) : “I’d rather see you in Morgan Stanley (MS) or E*TRADE Financial (ETFC) .”

    Kinder Morgan (KMI) : “They are OK now, but there are better ones.”

day trading futures: Gap, Inc. (The)(GPS)

Advisors’ Opinion:

  • [By Peter Graham]

    A long term performance chart shows shares of Lululemon Athletica basically range boundwhile other players in the athletic apparel or yoga space like large capsUnder Armour Inc (NYSE: UA), Nike Inc (NYSE: NKE) and The Gap Inc (NYSE: GPS) have performed better except for the latter:


    Wall Street ended Friday with slight losses after a string of earnings disappointments from the retail sector with players such as Gap (GPS) , Abercrombie & Fitch (ANF) , and Footlocker (FL) posting results. 

  • [By Leo Sun]

    Gap (NYSE:GPS), the parent company of Old Navy, Gap, and Banana Republic, trades at 14 times earnings. It pays a forward yield of 3.9%, which is supported by a payout ratio of 55%. The company has hiked that dividend annually for seven straight years.

  • [By Peter Graham]

    A long term performance chart shows shares of athletic apparel or yoga space playersLululemon Athletica, Under Armour Inc (NYSE: UA) and The Gap Inc (NYSE: GPS) now underperforming while Nike Inc (NYSE: NKE) peaked in late 2015 and has drifted lower since then:

day trading futures: Methanex Corporation(MEOH)

Advisors’ Opinion:

  • [By Jim Robertson]

    Back in February of last year, we suggested Methanex Corporation (MEOH), which ended up providing us with some pretty good gains in a fairly short amount of time, and based on what’s happening with the stock technically right now, it could be another gainer over the next several days to few weeks.

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