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Johnson & Johnson (JNJ) To Pay $1B For Defective Hip Implants
A jury made the ruling against JNJ, citing that it had failed to tell doctors and patients of the potential risk of failure of its devices. This will more than likely paint a bad image for JNJ in hip replacement.
Juno Therapeutics (JUNO) Shows Positive Early Data In Leukemia Patients
Juno Therapeutics posted positive preliminary results in patients with ibrutinib-refractory Chronic Lymphocytic Leukemia — CLL. These results were presented at a medical conference at the 58th American Society of Hematology.
Smith & Wesson Holding Corporation (SWHC) Stock: Firing Blanks?
While most of the news is positive, the EPS for this quarter is lower than the EPS for the previous quarter. A slowdown in gun sales and associated industries is evident now that the GOP has the Oval Office.
Amicus Therapeutics Stock Tumbles After FDA Setback
Amicus Therapeutics stock tumbled on Tuesday after it had announced a major setback. The problem is that the company hoped that it could seek marketing approval for its Fabry disease drug Galafold in the coming months.
Intel Stock In Spotlight On Autonomous Vehicle Partnership
US-based chipmaker Intel Corporation (INTC​) is striving to break into the automotive chip segment with a partnership to develop autonomous vehicles.
AUD/USD Currency Pair Continues Downtrend
Yesterday, a total of 63% of open positions on the AUD/USD pair were long. By today, Tuesday that percentage had fallen to 60%. The short-term trends for the currency pair are bearish, and much of this is attributed to US dollar strength.
Heat Biologics (HTBX) Surges 30% On Investor Optimism
Heat Biologics surged as much as 30% on Friday on increased investor optimism for trial results set to come out within the next few weeks. Results from its bladder cancer study will be released on November 30.
Samsung Shares Moving On Potential Restructuring
Samsung Electronics alerted shareholders on Monday that it will make an announcement regarding shareholder returns. The electronics giant has been under significant outside pressure as activist investors Elliot Management push hard for broad changes.
Rex Energy Stock: Down As OPEC Hopes Wane
Rex Energy is having an incredibly rough day in the market today. Since the opening bell, the stock quickly found itself in the red and continued to fall further thus far throughout the session.
Globus Maritime Stock: Gaining Big As Shipping Rally Lights Up Again
Globus Maritime is having an incredibly strong day in the market today. Since the opening bell, the stock has been climbing further and further into the green.
Palatin Technologies Inc. Stock Rises In Pre-Market Trading
What’s interesting about this stock is that analysts have issued forward guidance of $5.67 for the stock over 1 year. The 52-week trading range for the stock is bearish at $0.36 on the low end and $0.86 on the high end.
GoPro Stock: A Big Short?
GoPro (GPRO) has been falling apart for some time now. We’ll talk about the new products, why the hype is a bit much and why I believe that the best thing to do with GPRO is to short it!
USD/JPY Currency Pair Hits A High Mark
The USD/JPY currency pair is now trading near 8-month highs and this is unsettling JPY bulls. Japanese investors were largely expecting the current Obama-style administration to continue unabated but this has not happened.
Johnson & Johnson Creeps Higher On Actelion Purchase
If approved, the acquisition would give JNJ a broader portfolio of pharmaceutical products. Actelion recently introduced two new lung medications that are set to be major sellers in the coming three years.
Will Copper Demand Increase In 2017?
The rally in industrial metals began earlier on in 2016 after supply-side reforms were adopted in China. However, the Chinese are clearly betting big on Donald Trump’s massive infrastructure stimulus plan slated to take shape in 2017.
Enteromedics Incorporated Stock Goes On Wild Ride
Day traders will be excited about the 35.90% appreciation over the past 5 days of EnteroMedics' stock, but in reality the stock is a gross underperformer.
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