Top Headlines

Akamai (AKAM) Q3 Earnings to Be Driven by Higher Traffic

5h zacks
Akamai Technologies, Inc. (AKAM - Free Report) is set to report third-quarter 2017 results on Oct 24. (331-1)
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Cancer Treatment Update: Second Gene Therapy Receives Approval

5h zacks
With the approval of Gilead Sciences, Inc.’s (GILD - Free Report) Yescarta, this week saw the approval of the second CAR-T therapy for treating cancer. It is regarded as one of the most advanced immune-oncology treatment options. (297-0)
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Boeing Posts Another 52-Week High, Remains DJIA’s Top Performer

5h 247wallst
Boeing Co.’s (NYSE: BA) share price rose by 1.5% last week, maintaining the stock’s top ranking as the best performer among the 30 stocks that make up the Dow Jones Industrial Average (DJIA). Shares added $4.01 last week to increase the year-to-date gain by nearly two percentage points to 70.1%. (275-0)
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Facebook to Build Subscription Platform via Instant Articles

5h zacks
Facebook Inc. (FB - Free Report) recently announced that in the coming weeks the company will experiment with “news subscription models in Instant Articles” that will enable news publishers to add subscribers to their platforms. Reportedly, the feature will be rolled out only on Alphabet’s (GOOGL - Free Report) Android devices. (263-0)
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Three Takeaways from the Q3 Earnings Season

5h zacks
We are in the thick of the Q3 earnings season now, with more than 700 companies on deck to release results this week, including 180 S&P 500 members. With results from 87 S&P 500 members already out, as of Friday, October 20th, we will have crossed the halfway mark by the end of this week. The results thus far provide a positive and reassuring view of corporate earnings, which will most likely get strengthened and reconfirmed through the remainder of this reporting cycle. (236-0)
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Stock Screens

Finds all companies with an activist investor filing in the last year  
The fundamental task in investing is finding mispricings in price v. quality. There are a lot of cheap companies in the market, but most of them are cheap for very good reasons. The trick is finding companies that are cheap but actually healthy. In 2000, Joseph Piotroski wrote a paper in which he described a mathematical model that turned data from financial reports into a simple 9-point score that described a company’s health. He showed that this score, combined with a valuation metric (he used Book-To-Market), could be used successfully to produce excess returns in an investing strategy. This stock screener finds all companies with a score greater than six (which we call “healthy enough”). In his work, he suggested taking a list like this and buying the cheapest of that list. Note that many people believe, incorrectly, that buying companies with the best score is the proper approach, but they end up overpaying for quality. Remember, the goal is to find mispricings in price and quality, not overpay for high quality.  
Companies with Return on Invested Capital (ROIC) > 15%  
For investors desiring income over capital appreciation, companies that pay dividends regularly are a great way to generate a steady cash flow. As in any purchase, the goal is to get most value for your dollar, and with dividends, a key metric is dividend yield. The dividend yield is the annual dividend paid divided by the current share price. Higher yields are better. This stock screen finds all securities with a dividend yield greater than 4%.  
The Net Current Asset Value (NCAV) is a conservative valuation metric popularized by Benjamin Graham. To calculate it, simply subtract the total liabilities from a company’s current assets. To calculate NCAVPS (Net Current Asset Value Per Share), divide the NCAV by the number outstanding shares. This stock screener takes Ben Graham’s more conservative approach and uses ⅔ of the NCAV.  
This stock screen finds microcap companies with positive annual revenue.  
This is Benjamin Graham's Net Net Working Capital Screen  
Companies with negative enterprise value generally get this way because they have a lot of cash. (Cash is subtracted when calculating EV). There is some evidence that negative enterprise value companies outperform the market, so companies matching this screen might be undervalued.  
Finds companies where Price to Book Value < 1.0;