The virus Omicrom is a little worse than they let on at least for my wife and me. We were quite the couple lying side by side groaning in pain for our 28th year wedding anniversary -! Citigroup stock is the cheapest of big banks, ready to take off, Barron's says 09:22 C
Oil to $60? Friday's plunge may be the start, says one noted bear Jun. 18, 2022 1:38 AM The plunge in crude on Friday could be the start of a collapse in commodities, strategist Albert Edwards says. WTI crude oil (CL1:COM) (NYSEARCA:USO) fell 6%, while Brent (CO1:COM) (BNO) lost nearly 4% on Friday. Energy stocks (XLE) had their worst week since March 2020. SocGen's Edwards, a noted bear, tweeted that there are echoes of what happened in 2008. Noting an article when he made a similar forecast, Edwards tweeted: "This article from Oct 08 notes when the oil price was $150 I said the coming recession would take it to $60." "Today’s price action may be the start of a similar commodity collapse as the Fed crash land the economy. I predict negative headline CPI inflation." Energy (XLE) is the vulnerable last man standing, MKM chief market technician Jonathan Krinsky said midweek. "XLE is still ~28% above its 200 DMA, and +52% YTD. If the year were to end now, it would be the best year on record for Energy back to 1991," Krinsky said. "The second best year was last year (+48%)." "We also think this is what is needed to see long/short momentum unwind, and ultimately put in a more durable bottom. So even if beaten-down growth names go down further, it's likely that Energy comes down at a faster rate."
NTLA could be a nice buy this week. It's up around 5% since we highlighted the name as buy rated-- should piggy back on CRSP which has a analyst day of sorts... Tues at 2pm- 2:00 p.m.CRISPR Therapeutics (CRSP) will host an Innovation Day focused on early research and development. Shares of CRSP have rallied in the past after similar events.
Van you are correct I have never covered VIVO I think I thought they were about child birth some way... Going to take me a bit to get my arms around it.
I'm flying in a week have you head about all the delays! OMG please make this work!!! Watching the news makes me very nervous. I don't do lines well and I don't communicate well and I have a menacing persona.
I recommended going long Biotech a week or so ago. I don't think we have made any real process in the index but Biotech stocks have made record gains on Friday amid signs of heightened deal making activity in the beaten down industry. SPDR S&P Biotech ETF (XBI) and iShares Nasdaq Biotechnology ETF (NASDAQ:IBB) haverecorded their biggest intraday gains since late 2020 as the subsector outperformed the broader market. Earlier in the day, the ADRs of Mereo BioPharma (MREO) surged amid reports that Anglo-Dutch pharma giant AstraZeneca (AZN) was eyeing a bid for the U.K. biotech with rivals such as Novartis (NVS) in the fray. A little later,The Wall Street Journalreported that U.S. drugmakerMerck (MRK) was trying to acquire the cancer-focused biotech Seagen (SGEN). The hunt for biotech deals comes amid an industry-wide selloff in biotech, while beneficiaries of the pandemic, such as Pfizer (PFE), Merck (MRK), and Regeneron (REGN), have loaded up record levels of cash. VanEck Vectors Pharmaceutical ETF (PPH), representing 25 of the largest global pharma stocks, has shed only ~5% in the year so far, while SPDR S&P Biotech ETF (XBI) has lost~41%, as shown in this graph.
$57 mil rev company small. But seems to have permits- 'World class RNG developer' Archaea Energy launched at Overweight at Barclays Jun. 17, 2022 2:58 PM ET Archaea Energy Inc. (LFG) Archaea Energy (NYSE:LFG)+8.6%in Friday's trading after Barclays initiated coverage with an Overweight ratingand $26 price target, citing the renewable natural gas provider's "vast growth potential amid a favorable macro environment." Archaea Energy (LFG) is "a leading waste-to-energy company with visible growth that is underpinned by long-term contracts with creditworthy counterparties," analyst Theresa Chen writes, adding that RNG demand is expected to more than double by 2030. To address growing market demand, Archaea (LFG) has a backlog of 88 high quality RNG development projects for which gas rights are already in place with a 32.5-year average remaining life, according to Chen.
Active oil and gas drilling rigs in the U.S. added another 7 to 740, 57% above year-ago levels, Baker Hughes reported Friday in its latest weekly survey. Drilling rigs targeting crude oil in the U.S. increasedby 4 to 584, thehighest since March 2020, while gas rigs climbed gained 3 to 154, its best level since September 2019,<---