ARTICLES

Valuation, current dividend yield make shares a buy. Bank of America upgraded shares of Philip Morris International (PM) to a buy from neutral. The bank also reiterated an existing price target of $96, 23 percent higher than where shares currently trade. The upgrade comes as fears that the tobacco industry in the United States will have more oversight and regulation following a series of illnesses related to vaping products. However, Philip Morris has little exposure to the U.S. market. Further, the end of merger talks with Altria (MO), which was weighing on Philip Morris shares, is likely to cause a move ...
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Bearish view changes after stock correction. Spotify (SPOT) was recently upgraded by Evercore, from underperform to in-line, with a price target of $110. Evercore had previously downgraded the company when shares were near $150, citing valuation and the market’s optimistic view on the company’s margin improvement. With shares of Spotify currently around $113, the upgrade still indicates a slight overvaluation in shares. Currently, 21 analysts rank the stock as a buy, 10 as a hold (in-line), and 1 at a sell. Shares of the music streaming service have fallen 37 percent in the past year, as the company has lost $7 per ...
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November put buying suggests further drop. The November 15th $8 put options on Teva Pharmaceutical (TEVA) saw over 17,000 contracts trade against a prior open interest of 243, indicating a 70-fold surge in volume on the trade. With shares of Teva around $7, the $8 puts are already $1 in-the-money and should move penny-for-penny with any further drop in shares. At a cost of $1.44, the option also has about a penny a day in time premium attached to it. Shares of Teva have slid by 68 percent in the past year, and the company has some liability stemming from opioid-related pharmaceutical ...
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Director makes $59 million buy. Charles Heilbronn picked up 243,849 shares of Ulta Beauty (ULTA), increasing his stake by 13 percent to just over 2,087,000 shares. The total cost for the latest purchase, with shares around $240, came to $58,900,000. This marks the second insider buy at the company this year, following a 1,300 shares buy from the CEO in late September. Insiders have otherwise been sellers of the company, at prices 21 to 26 percent higher than the current price. Although shares have rallied in recent weeks, shares of Ulta Beauty are still down 11 percent in the past year, underperforming ...
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There are a lot of ways to make money in the market. But even if you find that rare company that can move ten-fold and provide one of the best profits of your lifetime, that will take time.Most investors get impatient. Trading Tips’ Andrew Packer explains why you should be looking at blue-chip bargains ...
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Traders bet on a rally in shares this month. The October 19th $44.50 call options on Foot Locker (FL) saw nearly 2,000 contracts trade against a prior open interest of 147, for a 13-fold surge in volume. With shares trading around $42.70, shares need to rally at least 4 percent for the option to move in-the-money. The company next reports earnings in late November, so the move higher will have to occur without that particular catalyst. Shares of the mall-based retailer of athletic apparel have already started to move higher thanks to the strong earnings report from Nike last week, which continues ...
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Director makes $675,000 buy. Christopher Kennedy, a director at Interface Inc. (TILE), picked up 49,000 shares of the company, increasing his holdings by 55 percent. The total cost came to just under $675,000, and the director now owns over 136,000 shares. Insiders have been inactive at the company since late 2017, with this marking the first buy at the company. Insiders have previously been net sellers of shares two years ago, at prices 25-35 percent higher than where shares currently trade. Interface is a modular flooring company, which designs, produces and sells modular carpet worldwide, both for commercial and residential spaces. The ...
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Firm sees potential breakup moving shares higher. Royal Bank of Canada raised its rating on Emerson Electric (EMR), to outperform from perform, citing the value of the company in a breakup. The move comes as the current CEO is retiring and several activist investors are moving in on shares to unlock value, and a breakup would be the fastest way to do so. RBC also raised its price target on shares from $65 to $77, 15 percent higher than the current price, $67. Currently, Emerson receives about two-thirds of its sales from automation solution, and one-third of its sales from commercial and ...
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