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Financial News

Monday’s Vital Data: Apple Inc., Micron Technology, Inc. and Ford Motor Company

7m investorplace
U.S. stock futures are tanking this morning. Futures on the Dow Jones Industrial Average are off more than 100 points as fears of a trade war between the U.S. and China grow. As a result, the Dow is headed toward its fifth consecutive losing session.

Teva to Discontinue a Fremanezumab Study on Cluster Headache

19m zacks
Teva Pharmaceutical Industries Ltd. (TEVA - Free Report) announced that it will discontinue the phase III study evaluating its key pipeline candidate, fremanezumab for the treatment of chronic cluster headache. This decision was based on data from a pre-specified futility analysis of the study, which showed that the study is unlikely to meet its primary endpoint of mean change from baseline in the monthly average number of cluster headache attacks over a 12-week period.

Baozun: A Holistic Look

1h seekingalpha
Baozun (NASDAQ:BZUN), Chinese e-commerce solution provider, has had its stock price more than triple in the past year. Wall Street has taken a while to realize the business model shift the company has gone through in the past couple years but this article will provide the good, the bad and the beautiful on Baozun.

Does Apple Inc.’s Latest Hire Confirm Its Self-Driving Car Aspirations?

7m investorplace
Apple Inc. (NASDAQ:AAPL) has been very secretive about its automotive plans. Is the company building an electric car? An Apple self-driving car? The software to power other auto maker’s self-driving cars? Another piece of the puzzle has fallen into place with the news that the company just poached a senior engineer from Alphabet Inc.’s (NASDAQ:GOOG, NASDAQ:GOOGL) Waymo self-driving car project.

Is Snap Inc Making the Same Mistake Facebook, Inc. Did?

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Snap Inc (NYSE:SNAP) is seemingly taking a big risk. On Thursday, Snap rolled out Snap Kit, a developer kit that allows users to log in to other apps via its platform. That, of course, also allows third-party developers access to the data of Snapchat users.

Qorvo Initiates Tender Offer, Seeks for Consent Solicitation

1h zacks
Qorvo, Inc. (QRVO - Free Report) made a cash Tender Offer for the redemption of any or all of its 6.75% Senior Notes and 7.00% Senior Notes worth up to $150 million. The notes are due in 2023 and 2025, respectively. Notably, these are popularly known as “the Notes.” The offer is subject to certain terms and conditions.

Apple Inks Deal With Oprah Winfrey for Original Programming

43m zacks
Apple (AAPL - Free Report) is keeping no stone unturned to make its much-anticipated streaming service a hit. The company recently announced a multi-year partnership with Oprah Winfrey, who will create original programs while also making a few on-camera appearances. The TV star is expected to retain ownership of all the programs, per Bloomberg. Apple’s Focus on Expanding Original Content Apple’s original programming division spearheaded by two former Sony executives — Jamie Erlicht and Zack Van Amburg — has inked deals with the likes of Octavia Spencer, Reese Witherspoon, Jennifer Aniston, Steven Spielberg, Francis Lawrence, Damien Chazelle, M.

Insights Into The Online World

2h seekingalpha
The adoption of the internet has been both evolutionary and revolutionary. It has changed the way we live, communicate and do business. The growth in the number of internet users and uses have been phenomenal. In many areas, such as the U.S., growth is beginning to level off as penetration rates hit high levels. In other areas, such as the emerging markets, that growth is just beginning.

Why Spotify Technology SA Stock Looks Like a Bubble

7m investorplace
If you read my articles, you know that I’m bullish on a lot of big growth tech names.

Click for full coverage

Latest Activist 13D and 13G Filings

Every investor that acquires 5% of a company is required to file a beneficial ownership filing, which is either a Form 13D or Form 13G, within ten (10) days of the event. If the investor intends to influence management, then they are considered an activist investor and must file a 13D. There is evidence that suggests investing alongside activist investors is a stock market investing strategy that can produce excess returns. This free screener shows all of the required Schedule 13D filings made by activist investors.

DateFormTargetInvestor SharesOwnership
2018‑06‑18 SC 13D CBPO / China Biologic Products CITIC Capital Holdings Ltd 1,680,863 5.1
2018‑06‑18 SC 13D/A SANW / S&W Seed Co. MFP Investors LLC 7,102,300 29.2
2018‑06‑18 SC 13D/A SD / Sandridge Energy ICAHN CARL C
2018‑06‑15 SC 13D/A INFU / InfuSystems Holdings Morris Ryan J. 2,159,209 9.5
2018‑06‑15 SC 13D AXON / Axovant Sciences Roivant Sciences Ltd. 89,285,714 73.1
2018‑06‑15 SC 13D/A CDK / CDK Global Elliott Associates, L.P. 4,231,141 3.2
2018‑06‑15 SC 13D/A RIG / Transocean Perestroika 67,740,289
2018‑06‑15 SC 13D/A ALRM / Holdings TCV VII LP 11,400,521 24.1
2018‑06‑15 SC 13D/A CLXT / Calyxt Cellectis S.a. 22,713,175 70.4
2018‑06‑15 SC 13D/A AFI / Armstrong Flooring VA Partners I, LLC 4,614,787 17.9
Click for full list

Stock Screens

Stock screens allow users to filter the companies listed on the stock market by various attributse, in order to screen out those that are undesirable. Stock screens on Fintel are made from a rich formula language that allows the utmost flexibility.

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%  
Finds all companies with an activist investor filing in the last year  
Finds companies where Price to Book Value < 1.0;  
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.  
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%.  
This stock screen finds microcap companies with positive annual revenue.  
This is Benjamin Graham's Net Net Working Capital Screen  
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.