Johnson & Johnson (JNJ) reported earnings earlier this week–and promptly fell–but that didn’t scare away Barron’s Teresa Rivas, who recommended investors buy the dip. Now shares of Johnson & Johnson are slipping again after the health-care giant announced that it would buy Actelion for $30 billion, after weeks of speculation. Cowen’s Joshua Jennings likes the deal:
Getty ImagesActelion brings to Johnson & Johnson a global presence and an in-depth and extensive portfolio of assets indicated for pulmonary artery hypertension (PAH) including seven marketed products (Opsumit, Tracleer, Uptravi, Veletri, Ventavis, Valchlor, Zavesca) that generated sales of CHF 2.042B in 2015 and CHF 1.785B in the first nine months of 2016. Additionally, Actelion looks to unlock further market potential in PAH by developing dual/triple combo therapy and accessing new PAH patients. While maintaining the strength in the core PAH franchise, Actelion built a robust clinical stage pipeline diversifying into new therapeutic areas such as multiple sclerosis, infectious disease and lupus, each addressing a highly unmet medical need. Their discovery platform is also advancing >15 promising projects. The deal is expected to close in the second quarter of 2017 and to immediately contribute to Johnson & Johnson’s long-term top line growth by >1.0% and long-term earnings growth rate by 1.5-2.0% upon closure. For 2017, Johnson & Johnson’s bottom line accretion target is $0.35-$0.40 after investing incremental accretion for future growth. Actelion is a highly profitable business (GM~90%, OM~33%), thus Johnson & Johnson expects to further enhance its corporate-wide OM once Actelion is under its roof.
Top Medical Stocks To Watch Right Now: TheStreet, Inc.(TST)
Advisors' Opinion:- [By Shane Hupp]
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- [By Logan Wallace]
Press coverage about TheStreet (NASDAQ:TST) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TheStreet earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the information services provider an impact score of 48.5783795459236 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
- [By ]
TheStreet (TST) caught up with PayPal (PYPL) CEO Dan Schulman on the latest Jolt podcast to chat about a range of topics. Of course a talk about the future of physical cash came up.
Top Medical Stocks To Watch Right Now: Sears Hometown and Outlet Stores, Inc.(SHOS)
Advisors' Opinion:- [By Lisa Levin]
Sears Hometown and Outlet Stores, Inc. (NASDAQ: SHOS) was down, falling around 29 percent to $2.30. Sears Hometown and Outlet Stores reported a Q4 loss of $1.46 per share on revenue of $395.77 million.
- [By Lisa Levin]
Sears Hometown and Outlet Stores, Inc. (NASDAQ: SHOS) was down, falling around 29 percent to $2.30. Sears Hometown and Outlet Stores reported a Q4 loss of $1.46 per share on revenue of $395.77 million.
- [By Lisa Levin] Gainers SenesTech, Inc. (NASDAQ: SNES) shares surged 296.07 percent to close at $1.25 on Monday after the California Department of Pesticide Regulation proposed to register the company's ContraPest for sale and use in California. AgEagle Aerial Systems, Inc. (NASDAQ: UAVS) shares gained 19.59 percent to close at $2.93. TransGlobe Energy Corporation (NASDAQ: TGA) rose 18.39 percent to close at $2.64 on Monday. Sears Hometown and Outlet Stores, Inc. (NASDAQ: SHOS) shares gained 15.91 percent to close at $2.55. VAALCO Energy, Inc. (NYSE: EGY) shares jumped 14.9 percent to close at $2.39. Resonant Inc. (NASDAQ: RESN) climbed 13.96 percent to close at $4.49. Chesapeake Energy Corporation (NYSE: CHK) shares rose 13.55 percent to close at $4.61 on Monday. Lilis Energy, Inc. (NYSE: LLEX) surged 13.09 percent to close at $5.01. MB Financial, Inc. (NASDAQ: MBFI) gained 12.9 percent to close at $49.28. Fifth Third Bancorp (NASDAQ: FITB) agreed to acquire MB Financial for $54.70 per share in cash and stock. TransEnterix, Inc. (NYSE: TRXC) shares rose 12.83 percent to close at $3.43. World Wrestling Entertainment, Inc. (NYSE: WWE) jumped 12.52 percent to close at $57.86 on Reports that it has reached a deal with Fox for Its 'Smackdown Live' program. Eastman Kodak Company (NASDAQ: KODK) rose 12.38 percent to close at $5.90. NuCana plc (NASDAQ: NCNA) climbed 11.94 percent to close at $26.44. NuCana appointed Dr. Cyrille Leperlier to its Board as an independent non-executive Director. Aqua Metals, Inc. (NASDAQ: AQMS) rose 11.83 percent to close at $3.97 on Monday. Huami Corporation (NYSE: HMI) shares jumped 11.27 percent to close at $10.17 following Q1 results. 21Vianet Group, Inc. (NASDAQ: VNET) gained 9.55 percent to close at $7.34. Boxlight Corporation (NASDAQ: BOXL) rose 8.56 percent to close at $7.86 after the company announced an exclusive partnership with Multi Touch Interactives to strengthen the de
- [By Lisa Levin]
Sears Hometown and Outlet Stores, Inc. (NASDAQ: SHOS) was down, falling around 29 percent to $2.30. Sears Hometown and Outlet Stores reported a Q4 loss of $1.46 per share on revenue of $395.77 million.
Top Medical Stocks To Watch Right Now: Christopher & Banks Corporation(CBK)
Advisors' Opinion:- [By Logan Wallace]
Commerzbank (ETR:CBK) received a €10.00 ($11.63) target price from equities researchers at Morgan Stanley in a report released on Wednesday. The firm presently has a “neutral” rating on the financial services provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 14.60% from the stock’s current price.
- [By Shane Hupp]
Cfra set a €9.50 ($11.05) price target on Commerzbank (ETR:CBK) in a report released on Wednesday. The firm currently has a neutral rating on the financial services provider’s stock.
- [By Logan Wallace]
Independent Research set a €9.50 ($11.05) target price on Commerzbank (ETR:CBK) in a report published on Thursday morning. The brokerage currently has a neutral rating on the financial services provider’s stock.
Top Medical Stocks To Watch Right Now: NetSol Technologies Inc.(NTWK)
Advisors' Opinion:- [By Logan Wallace]
Sapiens International (NASDAQ: SPNS) and NetSol Technologies (NASDAQ:NTWK) are both small-cap computer and technology companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, profitability, valuation, institutional ownership, earnings, dividends and risk.
- [By Lisa Levin] Gainers Precipio, Inc. (NASDAQ: PRPO) jumped 43.3 percent to $0.5447 after the micro-cap specialty diagnostics company reported preliminary first-quarter results. The company said its first quarter revenue rose 286 percent from the same quarter a year ago to $712,000. Galectin Therapeutics, Inc. (NASDAQ: GALT) gained 34.5 percent to $4.52 after the company announced it would proceed with Phase 3 development of GR-MD-02 for NASH Cirrhosis following the FDA meeting. Boxlight Corporation (NASDAQ: BOXL) shares rose 21.9 percent to $8.1063. Evolus, Inc. (NASDAQ: EOLS) shares surged 16 percent to $15.65. Myomo, Inc. (NYSE: MYO) shares jumped 15.5 percent to $3.6263 after the company disclosed that its application for Medicare codes received favorable preliminary decision. Tandem Diabetes Care, Inc. (NASDAQ: TNDM) rose 13.7 percent to $10.12. ProPhase Labs, Inc. (NASDAQ: PRPH) gained 13.7 percent to $4.6743. Acacia Communications, Inc. (NASDAQ: ACIA) shares gained 12.2 percent to $35.34 as optical sector is seeing strength following President Trump's announcement that he would work with China related to ZTE Corp. Tailored Brands, Inc. (NYSE: TLRD) shares rose 11.3 percent to $35.17. Jefferies upgraded Tailored Brands from Hold to Buy. Kona Grill, Inc. (NASDAQ: KONA) jumped 10.6 percent to $2.875. Federated National Holding Company (NASDAQ: FNHC) shares rose 10.6 percent to $20.29. Raymond James upgraded Federated National Holding from Outperform to Strong Buy. Renewable Energy Group, Inc. (NASDAQ: REGI) climbed 10.2 percent to $15.15. Renewable Energy will replace Synchronoss Technologies Inc. (NASDAQ: SNCR) in the S&P SmallCap 600 on Tuesday, May 15. Stein Mart, Inc. (NASDAQ: SMRT) shares climbed 10.1 percent to $3.16. Stein Mart is expected to release Q1 earnings on May 23. NXP Semiconductors N.V. (NASDAQ: NXPI) rose 9.7 percent to $108.60 after Bloomberg reported that the China’s Commerce Ministry has restar
- [By Stephan Byrd]
TheStreet upgraded shares of NetSol Technologies (NASDAQ:NTWK) from a d+ rating to a c- rating in a research note published on Tuesday morning.
Separately, ValuEngine raised shares of NetSol Technologies from a hold rating to a buy rating in a research report on Thursday, May 17th.
- [By Stephan Byrd]
NetSol Technologies (NASDAQ:NTWK) CEO Najeeb Ghauri acquired 2,500 shares of NetSol Technologies stock in a transaction that occurred on Wednesday, May 30th. The stock was acquired at an average price of $6.50 per share, with a total value of $16,250.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
- [By Ethan Ryder]
NetSol Technologies (NASDAQ:NTWK) CEO Najeeb Ghauri purchased 2,500 shares of the business’s stock in a transaction on Friday, May 25th. The shares were acquired at an average cost of $6.20 per share, with a total value of $15,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Top Medical Stocks To Watch Right Now: Kirby Corporation(KEX)
Advisors' Opinion:- [By Logan Wallace]
Kirby (NYSE: KEX) and Teekay Tankers (NYSE:TNK) are both transportation companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, analyst recommendations, risk, earnings, dividends, valuation and profitability.
- [By Joseph Griffin]
Connor Clark & Lunn Investment Management Ltd. bought a new position in Kirby Co. (NYSE:KEX) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,325 shares of the shipping company’s stock, valued at approximately $696,000.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Kirby (KEX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
New York State Teachers Retirement System reduced its stake in Kirby Co. (NYSE:KEX) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,035 shares of the shipping company’s stock after selling 1,500 shares during the quarter. New York State Teachers Retirement System owned about 0.16% of Kirby worth $8,112,000 at the end of the most recent quarter.
Top Medical Stocks To Watch Right Now: UNITIL Corporation(UTL)
Advisors' Opinion:- [By Logan Wallace]
Pacific Gas and Electric (NYSE: PCG) and Unitil (NYSE:UTL) are both utilities companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, dividends, earnings, risk, analyst recommendations, valuation and institutional ownership.
- [By Stephan Byrd]
Press coverage about Unitil (NYSE:UTL) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Unitil earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 46.4302036170418 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
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