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Welcome to another edition of "3 Things In Biotech You Should Learn Today," a daily digest dedicated to helping you keep pace with the fast-moving world of pharmaceutical and biotechnology research.
Novartis gets its second CAR-T cell therapy approvalCompany: Novartis (NVS)
Therapy: Tisagenlecleucel
Disease: Diffuse large B cell lymphoma (DLBCL)
News: NVS announced that the FDA has granted approval to its CD19 CAR-T cell therapy tisagenlecleucel for relapsed/refractory DLBCL. This adds the second approval for a technique that was approved for relapsed/refractory ALL last year. This approval was based on the pivotal JULIET study, which showed favorable response rates with long durations of response.
Looking forward: And the streak continues here in the states. Now this puts it in direct competition with Gilead (NASDAQ:GILD) for the first time, as it previously received approval in a similar setting. At this point, there doesn't seem to be any indication that the techniques are much different in terms of efficacy or safety. Perhaps projected price? But Gilead's option is estimated at about $100,000 cheaper, so I'm very curious to see how it intends to compete.
Best Cheap Stocks To Buy For 2019: Kohl's Corporation(KSS)
Advisors' Opinion:- [By Adam Levine-Weinberg]
Most apparel-focused retailers have had a rough time over the past few years, bearing the brunt of declining U.S. mall traffic. However, No. 2 department store chain Kohl's (NYSE:KSS) and off-price leader TJX Companies (NYSE:TJX) have been able to outperform most of their rivals, partially due to their focus on non-mall store locations.
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The reluctance of millennials to spend their tax cuts could hurt the stock prices of many consumer companies. Shares of department stores such as Kohl's (KSS) and an electronics retailer like Best Buy (BBY) have run up this year on expectations of consumers shopping till they drop this spring/summer. Considering there are more than 83 million millennials in the U.S., that's a big pool of humans letting down some of the country's biggest companies.
- [By Stephan Byrd]
Trust Investment Advisors cut its position in Kohl’s Co. (NYSE:KSS) by 5.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,340 shares of the company’s stock after selling 1,240 shares during the period. Kohl’s accounts for 1.5% of Trust Investment Advisors’ holdings, making the stock its 17th largest position. Trust Investment Advisors’ holdings in Kohl’s were worth $1,332,000 at the end of the most recent quarter.
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Walmart (WMT) was already on my "Best Short Ideas" list, and I added Kohl's (KSS) and Target (TGT) to the roster on Thursday morning.
Some reasons for my bearishness on retail stocks:
- [By Chris Lange]
On Thursday, look for Kohl��s Corp. (NYSE: KSS) to report its fiscal fourth-quarter results. The analysts�� consensus estimates are EPS of $1.75 and revenue of $6.74 billion. Shares were changing hands at $66.47 on Friday��s close. The consensus price target is $65.35, and the stock has a 52-week range of $35.16 to $69.14.
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Cramer and the AAP team say their favorite part of the Kohl's (KSS) story is its ties with Amazon (AMZN) . Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
Best Cheap Stocks To Buy For 2019: International Business Machines Corporation(IBM)
Advisors' Opinion:- [By Michael A. Robinson]
IBM Corp. (NYSE: IBM) has bet big on blockchain – and the company's leaders see it as vital to its future success.
That said, IBM remains a poor investment. The company's legacy businesses are slowing down faster than its strategic initiatives are growing. Moreover, its leadership is unfocused and neglectful toward shareholders.
- [By Douglas A. McIntyre]
An IBM (NYSE: IBM) hardware system was used to help complete the project.
ALSO READ: 12 American Companies That Control Tech
- [By Paul Ausick]
When International Business Machines Corp. (NYSE: IBM) lays off staff, the company calls it a “resource action.” IBM employees have shortened the term to “RA” and even created a verb �� fittingly in the past tense �� “RA’d.” The term is getting a lot of use these days.
- [By Douglas A. McIntyre]
After International Business Machines Corp. (NYSE: IBM) posted a 3.7% rise in revenue for the second quarter, its shares rose modestly. The company’s extremely slow growth shows it is still not in the league with Microsoft Corp. (NASDAQ: MSFT) and other tech giants that have posted strong revenue improvements in areas where IBM management says its future lies.
Best Cheap Stocks To Buy For 2019: Compass Minerals Intl Inc(CMP)
Advisors' Opinion:- [By Ethan Ryder]
Compass Minerals International (NYSE:CMP) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.
Best Cheap Stocks To Buy For 2019: Rent-A-Center Inc.(RCII)
Advisors' Opinion:- [By Shane Hupp]
An issue of Rent-A-Center Inc (NASDAQ:RCII) bonds fell 1% against their face value during trading on Thursday. The high-yield issue of debt has a 6.625% coupon and will mature on November 15, 2020. The debt is now trading at $99.07 and was trading at $100.50 one week ago. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.
- [By Timothy Green]
Shares of Rent-A-Center Inc. (NASDAQ:RCII) surged on Tuesday after Vintage Capital Management increased its offer to acquire the company. Rent-A-Center disclosed on Monday that it had received an offer from one of the companies involved in its strategic review process soon after that process was ended. Rent-A-Center stock was up about 15% at 12:35 p.m. EDT.
- [By Logan Wallace]
OMERS ADMINISTRATION Corp decreased its holdings in shares of Rent-A-Center Inc (NASDAQ:RCII) by 52.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,200 shares of the company’s stock after selling 79,200 shares during the period. OMERS ADMINISTRATION Corp owned about 0.14% of Rent-A-Center worth $623,000 as of its most recent SEC filing.
- [By Shane Hupp]
Shares of Rent-A-Center Inc (NASDAQ:RCII) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $8.75.
- [By Max Byerly]
COPYRIGHT VIOLATION NOTICE: “Q1 2018 EPS Estimates for Rent-A-Center Increased by KeyCorp (RCII)” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/3350595/q1-2018-eps-estimates-for-rent-a-center-increased-by-keycorp-rcii.html.
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Engaged Capital maintained large positions in Rent-A-Center (RCII) , TiVo (TIVO) , Hain Celestial (HAIN) , SunOpta and Jamba Inc. (JMBA) , all companies that have either previously been targeted by Welling or currently are in his cross-hairs.
Best Cheap Stocks To Buy For 2019: UnitedHealth Group Incorporated(UNH)
Advisors' Opinion:- [By Todd Campbell]
UnitedHealth Group (NYSE:UNH) reported second-quarter 2018 financials that show sales and profit continue to improve despite its decision to cut ties to to Obamacare last year. Here's what you need to know about UnitedHealth's performance last quarter and its guidance for the rest of 2018.
- [By Motley Fool Staff]
So while Fischer is pitching cloud software company AppFolio (NASDAQ:APPF)�and Bush suggests cybersecurity player Carbon Black�(NASDAQ:CBLK), Moser is going with a healthcare basket: insurer UnitedHealth Group�(NYSE:UNH) big dog, medical device maker Masimo�(NASDAQ:MASI), pet-focused Idexx Labs�(NASDAQ:IDXX), and remote medicine leader Teladoc�(NYSE:TDOC).
- [By Paul Ausick]
UnitedHealth Group Inc. (NYSE: UNH) traded up 1.89% at $232.95. The stock’s 52-week range is $156.09 to $235.00, a new 52-week high set this afternoon. Volume was nearly double the daily average of around 2.9 million shares. The company’s fourth-quarter earnings and forecast for 2018 were better than expected.
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On Tuesday, he'll be tuning into UnitedHealth Group (UNH) , Goldman Sachs (GS) , Johnson & Johnson (JNJ) and IBM (IBM) . Cramer had great things to say about all four companies.
- [By Chris Lange]
UnitedHealth Group Inc. (NYSE: UNH) is scheduled to report its second-quarter financial results before the markets open on Tuesday. Thomson Reuters consensus estimates call for $3.04 in earnings per share (EPS) and $56.09 billion in revenue. The same period of last year reportedly had EPS of $2.46 and $50.05 billion in revenue.
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