Stock Analysts

4 Hot Cybersecurity Stocks to Buy for a Prosperous 2018

A series of cyber attacks kept cybersecurity stocks rallying throughout the year. Earlier this year, two back-to-back ransomware attacks were reported — WannaCry or WannaCrypt in May and Petya in June — followed by the massive data breach at Equifax (EFX) in September. In addition to these, the data theft and ransom paid by Uber disclosed in November further fueled the bullish momentum of the stocks in this space […]

Stock Analysts

ProAssurance Grows Inorganically Led by Strong Capital Level

ProAssurance Corporation PRA continues to display robust inorganic growth supported by a strong capital position. The company has enhanced shareholders’ value by taking up several capital deployments like share buybacks as well as quarterly and special dividend payments. In addition, prudent operating and financial leverage, disciplined pricing, loss reserve practice and conservative investments in assets also bolster the company’s growth potential […]

Stock Analysts

Reasons That May Have Compelled Papa John’s CEO to Step Down

As John Schnatter, the 56-year old veteran CEO of Papa John’s International PZZA who also founded the company and gave it his name, steps down, the question that arises is what led to the decision? While the incoming CEO and current chief operating officer Steve Ritchie tried with a somewhat ambiguous answer that it's "the right time to make this change," market watchers like us believe that a recent public relations disaster has forced the company to take such a decision. This move is probably an indication that the board is trying to steer clear of further controversies. […]

Stock Analysts

Credit Suisse to Take a Big One-Time Hit From Tax Overhaul

President Trump’s recently implemented tax bill has put Credit Suisse Group AG CS at risk of reporting the third consecutive annual net loss in 2017 as it expects $2.3 billion as a one-time charge. Notably, the figure exceeds its previous estimate of CHF2.1 billion given earlier this month. Banks usually pay up taxes in advance so that they can claim tax relief in difficult years and treat them as deferred tax asset. […]

Economic Data

Holiday Sales Cap a Tremendous 2017

Tuesday, December 26, 2017 With a holiday-shortened week on both ends — both no trading yesterday, Christmas Day, as well as an early closing bell on Friday afternoon ahead of New Year’s holiday — we look at he final trading week of 2017 not so much as a big potential mover as a closer-outer of a tremendously successful year for the stock market indexes. Look at the one-year charts for the Dow, Nasdaq and S&P 500 and witness things of beauty. The Dow 30, if you recall, was sub-20K at this time last year, and now rests just a couple hundred points below 25K. […]

Economic Data

The Final Trading Week of 2017

With a holiday-shortened week on both ends — both no trading yesterday, Christmas Day, as well as an early closing bell on Friday afternoon ahead of New Year’s holiday — we look at the final trading week of 2017 not so much as a big potential mover as a closer-outer of a tremendously successful year for the stock market indexes. Look at the one-year charts for the Dow, Nasdaq and S&P 500 and witness things of beauty. The Dow 30, if you recall, was sub-20K at this time last year, and now rests just a couple hundred points below 25K […]

Technicals

La Jolla Pharmaceutical (LJPC) Surges: Stock Moves 11.1% Higher

La Jolla Pharmaceutical Company LJPC was a big mover last session, as the company saw its shares rise over 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $23.91 –$33.35 in the past one-month time frame, witnessed a sharp increase on Friday. […]