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2018 turned out to be superb for the pharma and biotech sector so far as FDA approvals were concerned. The regulatory agency gave nod to 59 novel drugs, well above 46 drugs approved in 2017. Immuno-oncology was once again the key focus area in 2018, be it in terms of scientific conferences,...

Summary: General Motors Company (NYSE: GM) shares traded over 7 percent higher Friday morning after raising guidance. After slipping from its highs, we believe the stock is now building a base. General Motors (GM) Stock Weekly Chart

Summary: Macy’s Inc (NYSE: M) sold off on Thursday, trading 19 percent lower to the $25 handle. The retailer warned that it would not meet its previous guidance for sales and earnings. Based on its market cycles, the stock is likely to bounce, but we see it heading even lower in the...

Deutsche Bank AG (NYSE: DB) is in trouble, again. The German regulator BaFin has demanded ordered the bank to monitor details of about 20,000 risky customers from the corporate and investment banking unit by the end of June. The news was first reported by Handelsblatt...

The week started on a high note for the emerging economies as traders took cue from the rate cut in China. The People's Bank of China (PBOC) cut the reserve requirement ratio by 100 bps or 1 percentage point to reignite growth in the world's second-largest economy. On...

In this episode of ETF Spotlight, Neena Mishra talks with Kieran Kirwan, Senior Investment Strategist at ProShares. ProShares is well known for its dividend growth, alternative, geared and volatility ETFs. In November last year, they launched the ProShares Pet Care ETF (CBOE: PAWZ) which is...

Summary: Shares of Urban Outfitters, Inc. (NASDAQ: URBN) climbed 4 percent higher Wednesday morning.  Morgan Stanley upgraded the clothing retailer from Equal-Weight to Overweight. However, the stock’s market cycles suggest a move lower by February and beyond. Urban...

Summary: Union Pacific Corporation (NYSE: UNP) soared on Tuesday morning, trading over 8 percent higher. The move comes on the heels of a new COO, announced Monday, and a slew of analyst upgrades. However, the stock’s market cycles suggest it is likely to turn-around in the coming...

Welltower Inc (NYSE: WELL) announced that it has entered into a definitive agreement with CNL Healthcare Properties to acquire a portfolio of 55 Class A medical office and outpatient facilities for $1.25 billion. The transaction, subject to customary closing norms, governmental and other...

Bell-Boeing recently secured a contract for providing flight test sustainment support to the MV-22 variant of V-22 family of tiltrotors. Notably, Bell-Boeing is a joint venture (JV) between Boeing Co (NYSE: BA) and Bell Helicopter, a unit of Textron Inc. (NYSE: TXT). Work related to the...

Summary: Shares of Louisiana-Pacific Corporation (NYSE: LPX) dropped sharply on Wednesday, trading over 4 percent lower. Merrill Lynch downgraded the building materials manufacturer from Buy to Neutral. The stock’s reliable market cycles suggest additional downside risk into...

Raytheon Company's (NYSE: RTN) Missile Systems business division recently secured a $17-million modification contract for supporting the Standard Missile-2 (SM-2) with Zumwalt capability and design agent. The deal was awarded by the Naval Sea Systems Command, Washington, DC. A...

Summary: Abercrombie & Fitch Co. (NYSE: ANF) has traded over 3 percent higher since Wedbush raised its price target on December 28. Our view is that the stock will continue higher only to fail in its intermediate resistance zone.

Huntington Ingalls Industries Inc's (NYSE: HII) Newport News unit recently secured a modification contract to purchase additional long lead time material for supporting the USS Enterprise (CVN 80). Work related to the deal is scheduled to be over by January 2023. Valued at $228.8...