Top Headlines

Impressive Titan V Shows Nvidia Will Continue To Grow, Maybe Just Not As Fast

now seekingalpha
Nvidia has recently been facing increasing competition from other major tech players in the chip market, such as Intel. (744-0)

Top Analyst Upgrades and Downgrades: AMD, Amazon, Capital One, Costco, Delphi, Twitter and Many More

2h 247wallst
Stocks were already at all-time highs going into the tax reform deal, but Monday’s gains had the Dow Jones Industrial Average up over 100 points and the S&P 500 up about 10 points more. The bull market is now nearing nine years old, and the trend that continues to prevail is for investors to buy all the big market sell-offs. That trend has worked for all of 2017 and most of the past five years. Investors are also looking for new investing and trading ideas to generate gains and income ahead. (819-5)

Micron Hedging: A Clarification

36m seekingalpha
In my previous Micron article, I showed how hedging improved performance when Micron (and other stocks in the portfolio) did poorly. (379-0)

CANADA STOCKS-TSX up in broad rally; banks, energy stocks, Valeant lead

1h reuters
TORONTO, Dec 18 (Reuters) - Canada’s main stock index jumped in early trade on Monday in a broad rally led by big banks and energy stocks as well as Valeant Pharmaceuticals International Inc, which said it was bringing an eye treatment to market. (347-2)

Monday’s Vital Data: Teva Pharmaceuticals, Inc. (TEVA), Oracle Corporation (ORCL) and Nvida Corporation (NVDA) | InvestorPlace

2h investorplace
U.S. stock futures are in rally mode this morning, with Dow Jones Industrial Average futures up more than 100 points in premarket trading. Tax plan optimism is the big driver heading into the week before the holiday break, as Republican’s now appear to have the votes to pass the much anticipated legislation. (328-1)

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New Activist Filings

2017‑12‑18 SC 13D/A COYN / COPsync Brewer Group, Inc. 0.7
2017‑12‑18 SC 13D CCCL / China Ceramics Co. Flinker Howard 199,200 5.3
2017‑12‑18 SC 13D/A WKHS / Workhorse Group BAKSA STEPHEN D 8,332,519 20.3
2017‑12‑18 SC 13D/A SD / Sandridge Energy FIR TREE INC. 2,957,272 8.19
2017‑12‑15 SC 13D AKAM / Akamai Technologies Elliott Associates, L.P. 3,443,425 2.0
2017‑12‑15 SC 13D EZJR / EZJR Terry Jonathan William 24,136,170 71.2
2017‑12‑15 SC 13D FSV / FirstService Hennick Jay S 3,598,220 10.0
2017‑12‑15 SC 13D ALSK / Alaska Communications Systems Group SINGER KAREN 2,639,984 5.0
2017‑12‑15 SC 13D RM / Regional Management BASSWOOD CAPITAL MANAGEMENT, L.L.C. 1,529,879 13.11
2017‑12‑15 SC 13D GCNG / Geo Point Resources Tor Biologos Gmbh 13,635,000 13.6
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Stock Screens

Finds all companies with an activist investor filing in the last year  
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;  
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.