Shares of recent IPO Beyond Meat have started to struggle. As a publicly-traded company, investors actually expect the company to hit certain revenue and sales goals, and having a number of competitors jump into public markets at the same time is weighing on shares.
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| |  Good morning. While Americans aren't shy about taking on debt, there's one area where they have a larger accumulated balance than on their credit cards: Student loans. With over $1.5 trillion on the books, it's more than doubled in the past 10 years.
With many Democratic presidential candidates looking to either lower rates our outright forgive balances of student loans in whole or in part, it's important to remember that the government's decision to start guaranteeing student loans in the 1960's led to their meteoric rise, and gradually eliminating those guarantees would likely lead to a drop in total student loans with neither a handout or a bailout.
| | | | | | | | Medical Marijuana: 5 Stocks You MUST Own Before More States Legalize | | | With 93% of Americans now in favor of legalization ... President Trump saying: "I'm in favor of [medical marijuana] 100%"... and recent elections making marijuana legal in more than half of the United States — federal legalization is all but certain.
But before medical marijuana becomes legal in all 50 states, setting the market up for a 4,067% surge, there are five stocks you MUST own for the biggest profits. Click here now for more details. | | |
| | |  | DOW 26,894.99 | -0.28% | | | | S&P 2,977.92 | -0.23% | | | | NASDAQ 8,030.66 | -0.58% | | | | | *As of market close | | | • | Stocks dropped yesterday, as trade-related comments failed to move markets higher. | | | • | Oil prices held steady, around $56.50 per barrel. | | | • | Gold dropped one dollar, to $1,511 per ounce. | | | • | Cryptocurrencies had yet another drop, with Bitcoin trading around $8,100. | | | |
| | | JP Morgan Upgrades Whirlpool (WHR) | | | | Shares of Whirlpool (WHR) saw heavy trading following an upgrade by JP Morgan. The bank raised its rating on the appliance manufacturer to overweight from neutral.
The bank sees sales at Whirlpool likely to stabilize this year, with modest growth for next year. One of the company's biggest input costs, for steel, are likely to stay at or near current levels. The upgrade came after the company beat earnings and revenue expectations when it last reported earnings back in July.
» FULL STORY | | | | |
| | Citi Research Upgrades AbbVie (ABBV) | | | | Shares of AbbVie (ABBV) have struggled thanks to fears of increasing regulation in the pharmaceutical sector as well as the company's announcement to buy competitor Allergan. While the potential merger still faces regulatory approval, Citi Research has upgraded shares of the company to buy from neutral, with a target price of $90.
With shares just under $75, the price target gives shares a 20 percent potential upside, even before the merger is finalized.
» FULL STORY | | | | |
| | Insider Activity: Beacon Roofing Supply Inc. (BECN) | | | | CD&R Investment Associates picked up 3.2 million shares of Beacon Roofing Supply Inc. (BECN). The firm, already a major holder, increased their stake by 30 percent by making the buy. The total cost came out to just over $102 million, and leaves the fund with 13.7 million shares of the company.
In the past year, CD&R has picked up over 28 million shares, and corporate insiders have also been net buyers, with only two small sales.
» FULL STORY | | | | |
| | | | Unusual Options Activity: Freeport McMoRan (FCX) | | | The December 20th $10 put options on Freeport McMoRan (FCX) saw over 8,100 contracts trade, a 57-fold increase over the prior open interest of 143 contracts.
With 84 days left to go, and with shares right at $10.00, the option should increase in value with any dollar-for-dollar drop in shares. With the option trading around $0.80, shares would need to only drop to $9.20 for the option holder to start making money on the trade.
» FULL STORY | | | | |
| | | | TOP | | | CAG | 3.679% | | | | WHR | 2.98% | | | | ABBY | 2.691% | | | | LB | 2.536% | | | | KIM | 2.415% | | | BOTTOM | | | CCL | 8.552% | | | | NKTR | 6.596% | | | | CNC | 4.853% | | | | KTFC | 4.806% | | | | DXC | 4.299% | | | | |
| | |  | | In more than two decades in the IPO market I've never seen so many risk factors and uncertainties. These uncertainties create volatility like we saw over the summer period and volatility has a negative correlation with IPO activity. | | - Martin Steinbach, IPO consultant for EY, on the big IPO failures this year and the overall declining IPO activity worldwide.  | |
| | Medical Marijuana: 5 Stocks You MUST Own Before More States Legalize | | | With 93% of Americans now in favor of legalization ... President Trump saying: "I'm in favor of [medical marijuana] 100%"... and recent elections making marijuana legal in more than half of the United States — federal legalization is all but certain.
But before medical marijuana becomes legal in all 50 states, setting the market up for a 4,067% surge, there are five stocks you MUST own for the biggest profits. Click here now for more details.
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