Mail

Golden Crosses

3.21k followers • 12 symbols Watchlist by Yahoo Finance

Follow this list to discover and track stocks that have set golden crosses within the last week. A Golden Cross is when a stock's 50 day moving average crosses above the 200 day moving average. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.

12 Symbols

Thomson Reuters StreetEvents
Edited Transcript of FFBC earnings conference call or presentation 24-Jan-20 1:30pm GMT
Q4 2019 First Financial Bancorp Earnings Call
Zacks
Eli Lilly (LLY) Dips More Than Broader Markets: What You Should Know
Eli Lilly (LLY) closed at $139.07 in the latest trading session, marking a -1.52% move from the prior day.
Bloomberg
Drug Stocks Slide as Never-Ending Political Worry Gathers Steam
(Bloomberg) -- Once-untreatable cancers and rare diseases are being vanquished. Medical breakthroughs have put Ebola and HIV on the back foot, even as new viruses emerge. Drug stocks have touched record highs after a decade of gains.But at the industry’s biggest annual gathering, a San Francisco investor meeting that draws in thousands from biotechnology, pharmaceutical and insurance companies, plus investors, bankers and consultants, there was a sense of uncertainty, even worry.“The model is broken in the U.S.,” Sanofi Chief Executive Officer Paul Hudson said in an interview.Despite record scientific and market returns, the health-care industry’s future in the U.S. has never seemed less clear. Candidates for the Democratic presidential nomination have proposed nationalizing the health-insurance system. The president has called for drug-price controls. And after years of struggle, there’s been no winner among the warring factions of drugmakers, health insurers, pharmacy-benefit managers and patients.For one attendee at the conference, hosted in a cramped hotel in the Union Square neighborhood, it felt like waiting for a metaphorical earthquake.“I think that these constant price increases create a situation where there’s all this built-up tension, all this built-up energy,” Denny Lanfear, the CEO of Coherus Biosciences Inc., said about his company’s goal to drive down drug prices with lower-cost competitors to expensive biotech drugs. “It’s kind of like the seismic tension along the San Andreas fault: At some point, you simply have an event which causes a tectonic shift in thinking.”And this week, Johnson & Johnson CEO Alex Gorsky said on a conference call that the long, volatile debate about the U.S. health care system has contributed to “what may sometimes feel like uncertain times.”Despite the industry’s worries, the market has for weeks suggested that things couldn’t be better. An S&P 500 subindex of health companies, including players like Johnson & Johnson and Pfizer Inc., would hit an all-time high by the conference’s end. Registration for the always-crowded event rose this year, as did San Francisco hotel occupancy, and average hotel rates were $972 a night, according to data from the San Francisco Travel Association.On Friday, some of that confidence began to crack. Health stocks including Bristol-Myers Squibb Co., CVS Health Corp., Amgen Inc. and others led declines after a report that the Trump administration could make a fresh push to lower prices.Among the almost 10,200 attendees last week at the conference, one of those small seismic tremors could be felt between the CEO of one major drugmaker and the top executive from CVS, the pharmacy plan and drugstore chain that negotiates drug prices for patients. The company is also one of the U.S.’s leading health insurers.“We need more regulation of the insurance industry,” David Ricks, CEO of Indianapolis-based drug giant Eli Lilly & Co., said in an interview Tuesday morning in one of the hotel’s lounges. “I don’t think the system will maintain itself like this for the next decade. We’ll have to see reform.”Moments later, Ricks spotted his counterpart at CVS, Larry Merlo, coming into the room with a group of employees and walked over to him to talk about a long-running business dispute.“We’ve had some differences in the past,” Ricks said to Merlo, as Whitney Houston’s “Dance With Somebody (Who Loves Me)” played over the speakers. The drug CEO told him that he hoped they could soon find some common ground on coverage of insulin, one of Lilly’s major products, and drug affordability.The two executives have clashed before, as have their industry lobbies -- blaming the other for the increasingly expensive price tags for U.S. pharmaceuticals. CVS currently excludes Lilly’s top-selling insulin from its main list of covered drugs.A CVS representative declined to say how the conversation ended, saying CVS would continue to work on getting insulin to patients at the lowest cost.“We’re willing to work with any part of the supply chain,” said CVS spokesman T.J. Crawford, “but we’re also willing to go it alone.” A Lilly spokesman also declined to comment further on the details of the executives’ conversation.Political TargetLater Tuesday evening, Democratic presidential candidates in Iowa for the final debate before the state’s presidential primary caucus took aim at the industry. Vermont Senator Bernie Sanders condemned health-care companies -- three times -- for “greed and corruption.” Former Vice President Joe Biden, who leads many polls, called for price controls: “You don’t have to pay the price. Limit what they can charge,” he said. Senator Elizabeth Warren, Sanders’s main rival, said she would use presidential authority to lower the prices of insulin, EpiPens and HIV medications. And almost all the candidates have either called for nationalizing the health insurance system or creating a government-run competitor to it.Sanders kept up the broadside a few days later, attacking “price-gouging” pharmaceutical companies Friday after BioMarin Pharmaceutical Inc. said it may place a $2 million to $3 million price on its experimental gene-therapy treatment, according to the Wall Street Journal.A BioMarin spokeswoman said in an email that the company hasn’t announced a price for its therapy and declined to comment on the Sanders tweet.President Donald Trump, who is making a bid for re-election this fall, has said he favors a proposal to peg price tags in the U.S. to the much lower levels in other countries, what’s known as an international pricing index. The drug industry is instead is pushing for a cap to how much patients pay out of their own wallets for prescriptions under Medicare’s prescription drug benefit.“The greatest threat the industry faces right now is President Trump pulling the trigger on international price index. It’s clear he doesn’t want to go into the election with nothing on pricing,” said James Greenwood, who leads industry group the Biotechnology Innovation Organization, which is ramping up lobbying efforts going into the election cycle.Washington’s appetite for drug pricing reform could even affect the most commercially viable medicines, like cancer treatments, said Chris Boerner, chief commercialization officer of Bristol-Myers.“Innovation has never been better: immuno-oncology, cell therapy, gene therapy are fundamentally changing diseases,” Boerner said. “But now we unfortunately do see an environment where policies put forth could change the ecosystem that led to those innovations. That’s deeply concerning.”New FocusAs scrutiny of the industry’s prices has continued, some drugmakers have turned away from areas where the pressure is most acute. Sanofi announced in December it would halt research in heart disease and diabetes: two legacy areas that faced significant cost pressure. Hudson, who took the helm in September, will double down on medicines for cancer and other diseases where reimbursement is more straightforward -- and often higher.They’re also making smaller bets, a striking contrast to 2019 mega-mergers like Bristol-Myers’s $74 billion acquisition of Celgene Corp. and AbbVie’s $63 billion bid for Allergan Plc.With the future uncertain, those type of big bets are no longer fashionable. In favor instead are smaller, “bolt-on” deals.Lilly announced a $1.1 billion deal on Jan. 10 that CEO Ricks described as “the definition of bolt-on,” while German drugmaker Bayer AG plans deals to invest further in cell and gene therapy, a move that would complement its acquisition of cell therapy-focused biotech BlueRock last year, Stefan Oelrich, president of pharma, said.Jennifer Taubert, executive vice president and worldwide chairman of pharmaceuticals at Johnson & Johnson, touted the company’s partnerships. “There still is a really good appetite and ability to partner even though there’s other funding mechanisms and things out there,” she said. Sanofi CEO Hudson said he, too, was looking at smaller, earlier-stage deals.“This year, it’s a tricky year, because with the prospect of drug pricing legislation there’s a number of different outcomes that could influence the type of company you’d want to buy,” said Richard Pops, CEO of biotech Alkermes Plc. “What’s going to be in the crosshairs in terms of regulatory or statutory reform that makes certain businesses more or less attractive?”“I can see why pharma is waiting to see how the dust settles before they make big commitments to different businesses,” Pops said.\--With assistance from Bailey Lipschultz.To contact the reporters on this story: Emma Court in New York at ecourt1@bloomberg.net;Riley Griffin in New York at rgriffin42@bloomberg.netTo contact the editors responsible for this story: Drew Armstrong at darmstrong17@bloomberg.net, Timothy AnnettFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Zacks
Here's Why Bed Bath & Beyond is Lagging the Industry's Mark
Bed Bath & Beyond (BBBY) has a dismal comps trend that persisted in third-quarter fiscal 2019. Also, the calendar shift for the Thanksgiving holiday, pricing and inventory issues hurt performance.
Zacks
J&J's Stelara Gets EU Nod for Plaque Psoriasis in Children
Johnson & Johnson (JNJ) receives the European Commission's (EC) nod to the line extension of Stelara to treat six to 11-year-old pediatric patients with moderate-to-severe plaque psoriasis.
FX Empire
The Weekly Wrap Up, the Loonie and Brexit
It was a busy start to the week ahead of a particularly busy end to the week. Expect plenty of moves as the markets digest a heavy economic calendar.
FX Empire
Private Sector PMIs and Retail Sales Figures Put the EUR, GBP, USD and Loonie in Focus
It’s a busy day ahead, with private sector PMIs for January to set the tone. Expect retail sales figures from Canada to also drive the Loonie.
Zacks
First Financial Bancorp (FFBC) Q4 Earnings Lag Estimates
First Financial (FFBC) delivered earnings and revenue surprises of -3.70% and 0.38%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Zacks
Why Philip Morris (PM) Could Beat Earnings Estimates Again
Philip Morris (PM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Zacks
REGN vs. HZNP: Which Stock Is the Better Value Option?
REGN vs. HZNP: Which Stock Is the Better Value Option?
Zacks
Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks - January 23, 2020
The traditional ways to plan for your retirement may mean income can no longer cover expenses post-employment. But what if there was another option that could provide a steady, reliable source of income in your nest egg years?
Zacks
The Zacks Analyst Blog Highlights: Pfizer, Wells Fargo, SAP, salesforce.com and Eli Lilly
The Zacks Analyst Blog Highlights: Pfizer, Wells Fargo, SAP, salesforce.com and Eli Lilly
Zacks
Here's What You Should Note Ahead of Altria (MO) Q4 Earnings
Altria's (MO) fourth-quarter 2019 results are likely to reflect gains from pricing and RRPs amid soft cigarette volumes.
Zacks
Will Progress Software Continue to Surge Higher?
As of late, it has definitely been a great time to be an investor in Progress Software.
FX Empire
The Aussie Dollar Makes a Move as the Focus Shifts to the ECB and the EUR
Employment figures give the Aussie a boost as the focus shifts to the ECB. Will Lagarde follow the BoC with a dovish outlook to sink the EUR?
Yahoo Finance
Health stocks reverse coronavirus gains as one analyst says the market is overreacting
Virus originating in Wuhan, China affected stock markets Tuesday, but one analyst said reactions were too strong.
Zacks
Top Stock Analyst Reports for Pfizer, Wells Fargo & SAP
Top Stock Analyst Reports for Pfizer, Wells Fargo & SAP
Zacks
Why Norwegian Cruise Line (NCLH) Could Beat Earnings Estimates Again
Norwegian Cruise Line (NCLH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Zacks
Here's Why Progress Software (PRGS) is a Great Momentum Stock to Buy
Does Progress Software (PRGS) have what it takes to be a top stock pick for momentum investors? Let's find out.
Zacks
Baker Hughes (BKR) Misses Earnings & Revenue Estimates in Q4
Lower contributions from flexible pipe and surface pressure control businesses hurt Baker Hughes (BKR) in Q4 earnings.
Simply Wall St.
With A Return On Equity Of 20%, Has Regeneron Pharmaceuticals, Inc.'s (NASDAQ:REGN) Management Done Well?
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Zacks
Glaxo's Multiple Myeloma Candidate Gets FDA's Priority Review
Glaxo's (GSK) BLA for belantamab mafodotin gains the FDA priority review status to treat heavily pre-treated patients with relapsed or refractory multiple myeloma.
Zacks
Should First Trust Capital Strength ETF (FTCS) Be on Your Investing Radar?
Style Box ETF report for FTCS
FX Empire
It’s a Big Day for the Loonie, with the Bank of Canada and Monetary Policy in Focus
The Bank of Canada and the Loonie are in focus, with economic data on the lighter side elsewhere…
Reuters
British bank Lloyds plans cuts to FX business - sources
Britain's Lloyds Banking Group plans to scale down its foreign exchange business by the end of the year, stung by low profitability and rising competition from its rivals, three sources familiar with the matter said. As part of a global strategic review announced in early 2018, Britain's biggest mortgage lender, which is widely seen as a bellwether for the UK economy, announced plans to focus more on its digital offering and the small- and medium-sized sector. About 10 jobs are "at risk", one ex-employee said, noting that Lloyds had already been trimming its foreign exchange team, especially on the corporate sales desk.