S&P Global Market Intelligence’s Jeffrey Loo explains why he’s maintaining his Buy rating on Valeant Pharmaceuticals International (VRX) following reports it had rejected a takeover bid earlier this year:
ReutersAccording to unconfirmed reports, including the Wall Street Journal,�Valeant rejected an unsolicited joint takeover bid from Takeda Pharmaceutical, the largest Japanese drug firm, and private equity firm TPG. The offer didn’t include a firm price and came before Joseph Papa was named Valeant’s new CEO. We aren’t surprised by the inquiry as we believe�Valeant has attractive assets and we view the shares as undervalued. We think news of the proposal may potentially lead to other bidders stepping forward. But we would not be surprised if�Valeant sells off assets to raise cash to help de-leverage.
Hot Machinery Companies To Buy For 2017: ADMA Biologics Inc(ADMA)
Advisors' Opinion:- [By Monica Gerson]
The list of below stocks is notable as the shares have traded on sequentially increasing volume spanning the trading days from September 16 to September 20:
Hot Machinery Companies To Buy For 2017: Broadcom Corporation(BRCM)
Advisors' Opinion:- [By Shauna O'Brien]
Susquehanna reported on Tuesday that it has raised its rating on Broadcom Corporation (BRCM).
The firm has upgraded BRCM from “Neutral” to “Positive,” and has lifted the company’s price target from $33 to $35. This price target suggests a 23% upside from the stock’s current price of $26.91.
Analyst Chris Caso commented: “Our downgrade of BRCM in May was predicated on already high Street expectations on handsets and no notable improvement in networking to drive upside. We think expectations and the stock price have now been sufficiently reset ahead of what we expect to be catalysts in 2014 �� including the iPhone 6 product cycle, potential improvement in networking and the impact from the recent Renesas acquisition. In addition, after several years of overspending on their handset initiatives, we think we are now closer to the point where the company either captures a return on that investment or is forced to moderate spending �� either of which benefit profitability. We see the upcoming December analyst meeting as a potential intermediate catalyst.”
Broadcom shares were up 38 cents, or 1.41%, during pre-market trading Tuesday. The stock is down 19% YTD.
Hot Machinery Companies To Buy For 2017: L Brands, Inc.(LB)
Advisors' Opinion:- [By Ben Levisohn]
L Brands (LB) has risen 1.2% to $78.71 after getting up graded to Buy from Neutral at Goldman Sachs, while Urban Outfitters (URBN) has dropped 1.1% to $37.38 after Goldman cut it to Neutral from Buy.
- [By WWW.THESTREET.COM]
Many of the losers can be found at the mall, with Gap Stores (GPS) and Abercrombie & Fitch (ANF) continuing to disappoint. The only winner at the mall was Childrens' Place (PLCE) , but Cramer said he's not counting out a turnaround at L Brands (LB) .
- [By Monica Gerson]
L Brands Inc (NYSE: LB) shares fell 5.02 percent to $60.53 in pre-market trading. L Brands reported upbeat quarterly earnings, but missed analysts' sales estimates. The company also lowered its full-year earnings guidance.
- [By Ben Levisohn]
L Brands (LB) has fallen 2.5% to $66.25 after beating earnings forecasts but offering disappointing guidance.
Hain Celestial Group (HAIN) has jumped 13% to $40.40 after announcing that an independent review found no evidence that accounting errors were intentional.
- [By Wayne Duggan]
U.S. retailers performed poorly during the Christmas holiday season, but companies in the Valentine’s Day business are hoping that Americans will spend generously in the name of love this year. These names include flower delivery company 1-800-Flowers.Com Inc (NASDAQ: FLWS), L Brands Inc (NYSE: LB) (owner of both Victoria’s Secret and Bath & Body Works), Church & Dwight Co., Inc. (NYSE: CHD) (owner of Trojan brand condoms), candy giant Hershey Co (NYSE: HSY) and luxury jeweler Tiffany & Co. (NYSE: TIF).
Hot Machinery Companies To Buy For 2017: Arista Networks, Inc.(ANET)
Advisors' Opinion:- [By Monica Gerson]
Arista Networks Inc (NYSE: ANET) reported upbeat results for the first quarter and issued a strong revenue forecast for the current quarter. Arista Networks shares gained 3.84 percent to $66.02 in the after-hours trading session.
- [By Simon Erickson]
Arista Networks (NYSE:ANET) founder/Chairman Andy Bechtolsheim became a Silicon Valley legend after being one of the first investors in the company now called Alphabet (NASDAQ:GOOGL), cutting the company a $100,000 check in 1998 before it had even formally selected a name (he confirmed this investment has personally netted him more than $1 billion).
Arista's customer count has increased sixfold during the past four years (from 570 in 2011 to more than 3,500 today) and their market share in high-speed data center switching has increased from 3% to 12% during the same time frame. Bechtolsheim owns 19% of Arista's shares, with insiders collectively owning more than 44%. Due to massive amounts of data being transferred across the Internet (thanks to high-definition video, genomic sequencing, and a ton of other formats), investment in cloud-computing infrastructure is estimated to grow from $32.6 billion in 2015 to $53.1 billion by 2019.
- [By Lisa Levin]
Arista Networks Inc (NYSE: ANET) shares shot up 11 percent to $64.37 after the company reported upbeat results for its fourth quarter.
Shares of The Chefs Warehouse, Inc (NASDAQ: CHEF) got a boost, shooting up 18 percent to $18.36 on Q4 results. Chefs' Warehouse reported Q4 modified pro forma earnings of $0.26 per share on revenue of $299.7 million.
