Celgene: So Much For That Buying Opportunity

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Source: Blogs Barrons Stocks To WatchShares of Celgene (CELG) are sinking today after the biotech company reported disappointing results from a trial of Revlimid as a treatment for lymphoma. RBC’s Michael Yee and Judy Liu explain why the selloff could be a buying opportunity:Celgene just announced the Revlimid Phase III REMARC data – which actually did hit the primary endpoint o … [Read more...]

Noodles & Co: Now You’re Losing Confidence?!?!

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Source: Blogs Barrons Stocks To WatchShares of Noodles & Co. (NDLS) are in free fall this morning after the fast-casual eatery announced the departure of its CEO and said revenue would fall short of analyst forecasts. BMO Capital Markets analyst Andrew Strelzik writes that he is “losing confidence” in Noodles’ progress and cuts Nits shares to Market Perform from Outperf … [Read more...]

12 Stocks With Earnings Upside

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Source: Blogs Barrons Stocks To WatchJefferies strategist Sean Darby and team offers 12 stocks that have “experienced upward consensus earnings and target price revisions” over the past four weeks, including Devon Energy (DVN), Freeport-McMoRan (FCX), Marathon Oil (MRO), and Newmont Mining (NEM):No, you’re not imaging a large number of energy companies on the list:Energy contin … [Read more...]

Airlines: So Much for Buy Local…

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Source: Blogs Barrons Stocks To WatchEver since Brexit, analysts have been touting airline stocks like Southwest Airlines (LUV) and Spirit Airlines (SAVE) that cater primarily to travelers in the U.S. over Delta Air Lines (DAL), United Continental (UAL), and American Airlines (AAL), which have loads of international exposure. The business update from Spirit Airlines last night, … [Read more...]

Another Record for Dow, S&P 500; Hasbro Sinks 6.6%

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Source: Blogs Barrons Stocks To WatchU.S. stocks inched higher Monday after slipping into negative territory, ending the day at fresh highs.Investors appear to have shaken off a failed coup in Turkey and recovered from the turmoil that followed the U.K.’s Brexit vote. Now, gains by technology and financial stocks are extending a rally that lifted the big U.S. stock indices to n … [Read more...]

Will the GOP Break Up Big Banks? Party Platform Calls for Return of Glass-Steagall

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Source: Blogs Barrons Stocks To WatchThe Democrats and Republicans are in agreement on one thing in this presidential election, and of all things, it’s about banking regulations. Both parties, it seems are calling for a return of Glass-Steagall, a Depression-era banking law whose repeal on 1999 is credited by some for causing the financial crisis.Donald Trump’s campaign man … [Read more...]

Why a Trump Win Could Be Good News for Pfizer, IBM

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Source: Blogs Barrons Stocks To WatchLost amid all the talk of a new Glass-Steagall in the Republican platform is the fact that the party also wants to make it easier for companies like International Business Machines (IBM), Pfizer (PFE), Dow Chemical (DOW), Cisco Systems (CSCO), and Merck (MRK) to repatriate their foreign profits. Strategas Research Partners’ Daniel Clifton a … [Read more...]

Can U.S. Stocks “Break on Through to the Other Side?”

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Source: Blogs Barrons Stocks To WatchWith the Dow closing at record highs on Friday after an impressive a week-long rally, investors on the sideline are left to wonder if the rally still haslegs, especially given political unrest in Turkey, nationals security risks and U.S. presidential politics.It’s a big week for the corporate earnings calendar, with more than one-fifth of t … [Read more...]

Financials: Waiting for Banks to “Fire on All Cylinders”

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Source: Blogs Barrons Stocks To WatchCitigroup (C) topped expectations when it unveiled quarterly financial results today, as did PNC Financial Services Group (PNC) and U.S. Bancorp (USB). Yet Wall Street is punishing bank stocks today.What gives?A slew of big financial firms posted earnings today, on the heels of the strong results released yesterday by J.P. Morgan (JPM). Yet … [Read more...]

Biotech: Steak, But No Sizzle

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Source: Blogs Barrons Stocks To WatchThe earnings season for Big Biotech kicks of later this month when Biogen (BIIB) unveils second quarter financial results on July 21. But will those reports be enough to reverse the negative sentiment surrounding the sector?The biotech analyst team at Cowen expects strong earnings driven by ,solid demand, an open pricing environment in the … [Read more...]