Financial News

17
Saudi Arabia Summit Loses Its Swagger as Elites Question Kingdom

1h theedgemarkets
(Oct 22): It’s an investment summit in the shadow of a killing: stripped of the glitz and glamour of business titans who last year flew in to woo a young prince and be a part of his grand plans to transform his country’s economy.
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38
Fredrik Followers Finger 42 Most Mentioned October Stocks And Funds

4h seekingalpha
September 17-October 15, Fredrik Arnold "followers" mentioned 42 equities and funds in their comments and suggestions. Some lamented bad news, so bad news investments mixed in with favorites.
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33
Blackstone to buy oil services firm Ulterra for $700 mln -sources

5h reuters
HOUSTON/NEW YORK (Reuters) - Blackstone Group has agreed a deal to acquire Ulterra Drilling Technologies, a manufacturer of drill bits and downhole tools for the oil and gas industry, for around $700 million, two sources familiar with the matter said.
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10
PepsiCo Is Offering A 9-Year-High Dividend Yield

2h seekingalpha
PepsiCo has raised its dividend for 46 consecutive years. It has raised its dividend at an 8% average annual rate in the last decade.
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98
Amazon, Google, Twitter and More Major Earnings Coming This Week

8h 247wallst - 2
The broad markets saw a handy recovery this past week after suffering a 4% drop the week before. While this drop was heavily influenced by a strengthening bond market, the third-quarter earnings season is ramping up, and if all goes well the markets could be on their way back up. 24/7 Wall St. has put together a preview of some of the major companies posting their quarterly results this week.
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11
High Volatility? Buy This Stable Monthly Dividend 6.8% Yield CEF

3h seekingalpha - 1
Utility stocks operate in a defensive sector. They tend to generate stable income in good and bad times.
UTG DTJ VZA FTRPR DTW SRE DTV WTI VZ UTG.RT DTY FTR NEE

4
Flash flooding, 100km/h winds, golf ball-sized hail lash south-east

1h smh.com.au
The heart of Toowoomba was transformed into a small river on Sunday as severe storms lashed the south-east, with 100km/h wind gusts and 10,000 lightning strikes leaving thousands without power.
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5
Goldman Sachs changing Asia investment banking leadership

1h livemint
Hong Kong: Goldman Sachs Group Inc.’s veteran banker Todd Leland will become Asia investment banking head, a person with knowledge of the matter said on Sunday, adding to leadership changes at the bank since chief executive officer David Solomon took over this month.
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7
With Wall Street on edge, investors look to tech giants

2h theage.com.au
The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street's rally.
FB GOOGL AAPL NFLX MSFT GOOG

7
With Wall Street on edge, investors look to tech giants

2h watoday.com.au
The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street's rally.
FB GOOGL AAPL NFLX MSFT GOOG

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
2018‑10‑19 SC 13D FALC / FalconStor Software ESW Capital, LLC 128,613,493 58.4
2018‑10‑19 SC 13D OPHC / OptimumBank Holdings Chan Heng Fai Ambrose 104,480 6.9
2018‑10‑19 SC 13D ARAV / Aravive Giaccia Amato 1,162,608 10.2
2018‑10‑19 SC 13D TRCO / Tribune Media GAMCO INVESTORS, INC. ET AL 2,816,774 3.21
2018‑10‑19 SC 13D ARAV / Aravive Tabibiazar Raymond 1,635,585 13.8
2018‑10‑19 SC 13D KELYB / Kelly Services Terence E. Adderley Revocable Trust K 3,212,765 93.6
2018‑10‑19 SC 13D ARAV / Aravive Zhang Eric 859,766 7.7
2018‑10‑19 SC 13D SEDH / SED Intelligent Home Chan Heng Fai Ambrose 704,015,730 99.99
2018‑10‑19 SC 13D NCTY / The9 Qin Jie 9,000,000 7.4
2018‑10‑19 SC 13D MRKR / Marker Therapeutics Aisling Capital IV, LP 3,500,000 7.7
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.  
A multi-factorial approach to the identification of value.  
Walter J. Schloss (August 28, 1916 – February 19, 2012) was an American investor, fund manager, and philanthropist. He was a well-regarded value investor, as well as a notable disciple of the Benjamin Graham school of investing.  
The Magic Formula screen essentially ranks small cap stocks on two metrics: low relative cost ("cheap") and high returns on capital ("quality" or "good").  
This screen searches for potentially valuable issues with a low likelihood of bankruptcy.  
Finds all companies with an activist investor filing in the last year  
The Enterprise Multiple is a metric used in valuation, equal to Enterprise Value divided by Operating Income. As it accounts for debt, the Enterprise Multiple analyzes a firm from the perspective of a would-be acquirer.  
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 screen searches for small cap issues with a low likelihood of bankruptcy.  
The Magic Formula screen essentially ranks nano cap stocks on two metrics: low relative cost ("cheap") and high returns on capital ("quality" or "good").  
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.  
This is Benjamin Graham's Net Net Working Capital Screen  
Walter J. Schloss (August 28, 1916 – February 19, 2012) was an American investor, fund manager, and philanthropist. He was a well-regarded value investor, as well as a notable disciple of the Benjamin Graham school of investing.  
This stock screen finds microcap companies with positive annual revenue.  
Companies with Return on Invested Capital (ROIC) > 15%  
Stocks with a high Earnings Yield.  
Stocks with an Earnings (diluted) Yield greater than 10%.  
The Enterprise Multiple is a metric used in valuation, equal to Enterprise Value divided by Operating Income. As it accounts for debt, the Enterprise Multiple analyzes a firm from the perspective of a would-be acquirer.  
Microcap Value Dump  
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 Magic Formula screen essentially ranks stocks on two metrics: low relative cost ("cheap") and high returns on capital ("quality" or "good").  
The Enterprise Multiple is a metric used in valuation, equal to Enterprise Value divided by Operating Income. As it accounts for debt, the Enterprise Multiple analyzes a firm from the perspective of a would-be acquirer.  
The acquirer's multiple takes into account a company's debt and cash levels in addition to its stock price and relates that value to the firm's cash profitability.  
The Enterprise Multiple is a metric used in valuation, equal to Enterprise Value divided by Operating Income. As it accounts for debt, the Enterprise Multiple analyzes a firm from the perspective of a would-be acquirer.