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[ August 25, 2016 | Author: Admin | Views: 46109 | Weather: | Mood: normal]

Piper Jaffray’s Joshua Schimmer and team offer their take on the Biogen (BIIB) takeover speculation that sent shares of the biotech giant soaring this afternoon: Bloomberg News/Scott Eisen Biogenshares are trading higher on a WSJ report which indicates the company may have interest from prospective pharma buyers. The WSJ is one of the more credible sources for such speculation and is often a publication used to put companies ‘in play’, we believe. Because of its higher bar for sourcing M&A interest such as this, we think the report is a strategy being used to catalyze a potential deal. That said, we believe there are a number of challenges to be overcome for any transaction to materialize. As we have noted recently our outlook on BIIB is more optimistic, and there is now a new dynamic to the investment opportunity… Hot Cheapest Companies To Invest In 2016: Markel Corporation(MKL)   Markel … Continue reading

[ August 25, 2016 | Author: Admin | Views: 44592 | Weather: | Mood: normal]

With Johnson & Johnson (JNJ) bouncing off record highs, BTIG has thrown in the towel on its buy rating. Analyst Dane Leone has downgraded the stock today to neutral from buy.J&J fell 0.63% to a recent $113.52. Downgrading ahead of the Investor Day next week is a risk, but at this point we are not expecting any major strategic shifts. We remain interested in the long-term JNJ story, but also must acknowledge current levels of the stock price with regard to our thesis. Why? Leone is less confident in the outlook for merger and acquisition activity in the medical device sector.” That had been a main driver of the firms prior “buy” rating. But with prices rising for Edward Lifesciences (EW) and other cardiovascular device companies, Leone is less optimistic that J&J will be able to execute on transformational deals. Medical Device M&A has Been the Primary Miss to Our … Continue reading

[ August 25, 2016 | Author: Admin | Views: 96830 | Weather: | Mood: normal]

The U.S. stock market closed out another quiet week with small losses on Friday. The market opened the session lower and then climbed through mid-day. After an early afternoon selloff, the major averages closed near their best levels of the day. Gainers included The GEO Group (NYSE: GEO), which jumped almost 22 percent a day after plunging nearly 40 percent on news that the U.S. government is ending its private prison program. The stock remains down sharply from previous levels. Agricultural giant Deere & Company (NYSE: DE) climbed almost 14 percent on Friday after a strong Q3 earnings report. Losers included Pure Storage Inc (NYSE: PSTG), which fell 13 percent on a downgrade, and AK Steel Holding Corporation (NYSE: AKS), which lost around 10 percent on the day. Top 10 Beverage Companies To Invest In 2016: Territorial Bancorp Inc.(TBNK) Territorial Bancorp Inc. operates as the bank holding company for Territorial … Continue reading

[ August 25, 2016 | Author: Admin | Views: 9373 | Weather: | Mood: normal]

Guggenheim’s John Heinbockel and team explain why shares of Costco Wholesale (COST) are getting hammered today–and why they’re optimistic enough to start looking for “a compelling entry point”: Customers at Costco Wholesale Luke Sharrett/Bloomberg News Investors concerned about uncharacteristically choppy U.S. comps will not take much solace from March results. Ex-gas U.S. comps rose just 3%, below our 4% estimateCanada and international comps were also light, but strong in absolute terms… U.S. ex-gas comps rose 3%, below our 4% estimate. During the past four years, there have been just four months with sub-4% U.S. comps; two have occurred since January. What explains this? Fresh food deflation, especially in meat, is a factor. So are tough year-ago compares, with gains of 6-7% during this period. Lastly, we continue to believe that the company may be maxxing out traffic gains with its most loyal members. Importantly, as food inflation returns and compares … Continue reading

[ August 25, 2016 | Author: Admin | Views: 53913 | Weather: | Mood: normal]

By Vitor Gaspar and Ruud De Mooij Imagine how three-dimensional printing, driverless cars and artificial intelligence will change our future. Or think of how developments in information technology, e-commerce and the sharing economy are already changing the way we learn, work, shop, and travel. Innovation drives progress and, in economic terms, determines productivity growth. And productivity growth, in turn, determines prosperity. It impacts our lives and well-being in fundamental ways: it determines where and how long we live; it determines our quality of life. [Related -An Upside Bias Prevailed In Global Markets Last Week] In the spring 2016 Fiscal Monitor, we look at innovation as shaped by effort and incentives. That makes innovation highly dependent on government policies. We find that a little government support can go a long way in boosting innovation and growth. For example, we document that public policies that would reduce the cost of private R&D … Continue reading