Well I'm sorry you all had to witness that yesterday but it was for the better of the market as a whole. Clearly I had a panic attack. Was it a growth panic attack or a valuation panic attack. That is the question. I suddenly felt I was trapped into buying the same shit. I don't want to be part of crowded trades or really be in these extremely high PE tech names... It's lke a drug tough to kick. Van--> Elys Game granted approval for Grand Central Restaurant and Sportsbook 08:06 ELYS
AbbVie reports Q4 adjusted gross margin 83.6% 07:52 ABBV On a GAAP basis, the gross margin ratio in the fourth quarter was 71%.
AbbVie CEO says 'entering 2022 with significant momentum' 07:45 ABBV "We delivered another year of outstanding performance in 2021 with double-digit revenue and EPS growth that were well above our initial expectations," said Richard Gonzalez, chairman and CEO, AbbVie. "We are entering 2022 with significant momentum and expect our diverse set of growth assets, robust pipeline and excellent execution to deliver continued strong performance this year and over the long term."
SeaWorld $60 bid for Cedar 'too low,' might need to offer $75-$85, says KeyBanc 06:56 SEAS, FUN KeyBanc analyst Brett Andress notes that Bloomberg reported SeaWorld (SEAS) has made a $3.4B takeover offer for Cedar Fair (FUN), or $60 in cash per unit, with the latter confirming that it had received a proposal from SeaWorld, which the company will review. Based on feedback so far, the analyst thinks $60 is "too low" at 9.8-times consensus fiscal 2022 EBITDA and 9.0-times fiscal 2023, a deal that could be a good result for SeaWorld shareholders given theoretical accretion and management's proven cost-cutting abilities. Andress believes SeaWorld will need to offer in the $75-$85, or more, range to give unit holders "an offer they can't refuse," with the primary driver of this logic rotating back to what has historically "served as a poison pill," the grandfathered MLP structure.
Capri Holdings reports Q3 adjusted EPS $2.22, consensus $1.69 06:47 CPRI Rolls-Royce price target raised to 130 GBp from 116 GBp at Deutsche Bank 13:52 RYCEY Deutsche Bank analyst Christophe Menard raised the firm's price target on Rolls-Royce to 130 GBp from 116 GBp and keeps a Hold rating on the shares. Inotiv price target raised to $64 from $57 at Craig-Hallum 08:37 NOTV Nano Dimension's Global Inkjet Systems to present at InPrint Munich 08:33 NNDM Nano Dimension announced its Global Inkjet Systems Division will present its latest print application capabilities at InPrint Munich, March 15-17, 2022. Developed to meet the ever-increasing market demands of graphics and non-graphics markets, the company's range of products offers original equipment manufacturers and system builders the ability to meet the requirements of high-end, demanding industrial applications. During the show, senior members of the GIS team will be available at Stand A4 2664 to discuss the latest print quality optimization software solutions, ink delivery system components, and printhead control capabilities. Smart Purchase! HP Inc. acquires Choose Packaging, terms not disclosed 08:26 HPQ HP Inc. announced the acquisition of Choose Packaging, a packaging development company and inventor of the only commercially available zero-plastic paper bottle in the world. Choose's patented technology provides an alternative to plastic bottles and can hold a wide variety of liquid products. Its novel, paper-based bottles are made with naturally occurring and non-toxic materials and pave the way for a new standard for bottling solutions globally. With the integration of Choose into its Personalization & 3D Printing business, HP will focus on scaling its technology and customer footprint to expand the addressable market. There are more than 150 million tons of single-use plastics produced each year and HP intends to disrupt this market with fiber-based, 100% plastic-free packaging. Financial terms of the transaction were not disclosed.
Chubb price target raised to $235 from $210 at MKM Partners 08:23 CB MKM Partners analyst Harry Fong raised the firm's price target on Chubb to $235 from $210 and keeps a Buy rating on the shares. The analyst cites the company's Q4 operating income beat, also stating that the outlook for Chubb looks "very promising" over the next several years. If the underlying results for Chubb stay around current results, his estimates of $13.70 and $16.00 for 2022 and 2023 EPS respectively look "very conservative", Fong tells investors in a research note.
Li-Cycle redeems all outstanding warrants, creating gummy possibilities. Feb. 02, 2022 6:30 AM ETLi-Cycle Holdings Corp. (LICY) Li-Cycle(NYSE:LICY)trades 1.5% higher premarket after it completed the redemption of its outstanding warrants to purchase shares thatremained outstanding on Jan.26, 2022. Out of ~23M warrants issued, 9,678 Warrants were exercised at an exercise price of $11.50/share and 22.5M warrants or ~98% were exercised on a cashless basis, leading to the issuance of 5.7M shares. The remaining 449,665 warrants remained unexercised on the redemption date and were redeemed by the company for cash. As of Jan.31, 2022, the company's share capital consisted of 168.9M issued and outstanding shares and no warrants.
Beware buying the dip in stocks before a tightening 'purge' starts A tough bear market wouldn't be too high a price to pay for being rid of the massive excesses indebt and speculation that needs to be purged from the market, Michael Lewitt writes. Lewitt, author of The Credit Strategist newsletter, advises investors to resist the urge to buy the dip, which is "deeply embedded" in markets, until the Fed starts tightening. That urge was on display as the S&P 500(SP500)(NYSEARCA:SPY)fell 5.3% in January and the Nasdaq(COMP.IND)(NASDAQ:QQQ)dropped 9%. "According to data from VandaTrack, retail investors were net buyers in every day in January through January 27th and delivered higher daily inflows on average in January 2022 than in January 2021 on all but two occasions," Lewitt wrote Tuesday. "And The Wall Street Journal reported that investors put $168 million into Cathie Wood’s Chernobyl Fund(NYSEARCA:ARKK)over the last week despite its 27% collapse through January 28th." "This mentality (a term that dignifies something that is bereft of any signs of intelligent life I can detect) is going to be extremely difficult to break." S&P 500 companies are still buying back stock at a record pace and "the issuance and repurchase of billions of dollars of stock is a massive Ponzi scheme occurring right under the noses of regulators and investors," he added. Now investors face a tightening cycle with inflation well above target and a political climate that makes it difficult for the Fed to rescue markets again, Lewitt said. "I expect there to be a more attractive entry point at significantly lower stock prices after the Fed starts raising rates and shrinking its balance sheet. And if the Fed backs off and doesn’t do those things, it can kiss off whatever shreds of credibility it retains - forever."