Thursday, June 27, 2013

Small-Cap Biotech Poised for a Quick Double-Digit Pop: INSM

When it comes to investing in young and unproven biotech stocks, you want to look for a few key characteristics. First, the company should be targeting a market for which current treatments are less than ideal. Second, this potential market should be fairly large in size and scope. And third, you want to focus on companies that have already established compelling, robust results in clinical testing trials.
New Jersey-based Insmed (NASDAQ: INSM) checks all those boxes. Better still, a clear imminent catalyst exists to send this stock to fresh highs. With a market cap of roughly $350 million, Insmed qualifies as a small cap, but it is hardly a well-kept secret. But with a few good breaks on the regulatory front, this company's market value could easily -- and quickly -- tack on millions more. Notably, the stock has slumped more than 20% since hitting a new 52-week high in late May, providing a fresh entry point. (more)

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17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse

Tornado-Damage-Photo-by-JOE-M500-300x300The vast majority of Americans are going to be absolutely blindsided by what is coming.  They don’t understand how our financial system works, they don’t understand how vulnerable it is, and most of them blindly trust that our leaders know exactly what they are doing and that they will be able to fix our problems.  As a result, most Americans are simply not prepared for the massive storm that is heading our way.  Most American families are living paycheck to paycheck, most of them are not storing up emergency food and supplies, and only a very small percentage of them are buying gold and silver for investment purposes.   They seem to have forgotten what happened back in 2008.  When the financial markets crashed, millions of Americans lost their jobs.  Because most of them were living on the financial edge, millions of them also lost their homes.  Unfortunately, most Americans seem convinced that it will not happen again.  Right now we seem to be living in a “hope bubble” and people have become very complacent.  For a while there, being a “prepper” was very trendy, but now concern about a coming economic crisis seems to have subsided.  What a tragic mistake.  As I pointed out yesterday, our entire financial system is a giant Ponzi scheme, and there are already signs that our financial markets are about to implode once again.  Those that have not made any preparations for what is coming are going to regret it bitterly.  The following are 17 signs that most Americans will be wiped out by the coming economic collapse…

#1 According to a survey that was just released, 76 percent of all Americans are living paycheck to paycheck.  But most Americans are acting as if their jobs will always be there.  But the truth is that mass layoffs can occur at any time.  In fact, it just happened at one of the largest law firms in New York City.

#2 27 percent of all Americans do not have even a single pennysaved up.

#3 46 percent of all Americans have $800 or less saved up.  (more)

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Taubman Centers, Inc. (NYSE: TCO)

Taubman Centers, Inc. operates as a real estate investment trust. As of June 30, 2005, the company owned a 63% managing general partner's interest in The Taubman Realty Group Limited Partnership (the operating partnership). The operating partnership is a subsidiary that engages in the ownership, management, leasing, acquisition, development, and expansion of regional retail shopping centers and interests therein. As of August 23, 2007, it owned and/or managed 23 urban and suburban shopping centers in 11 states the United States. These centers are located in metropolitan areas, including New York City, Los Angeles, San Francisco, Denver, Detroit, Phoenix, Miami, Dallas, Tampa, Orlando, and Washington, D.C. The operating partnership also owns certain regional retail shopping development projects, as well as approximately 99% of The Taubman Company LLC, which manages the shopping centers and provides other services to the operating partnership and to the company. Taubman Centers qualifies as a REIT under the Internal Revenue Code.
Please take a look at the 1-year chart of TCO (Taubman Centers, Inc.) below with my added notations:
1-year chart of TCO (Taubman Centers, Inc.) TCO has been holding a very important level of support at $75 (blue) for almost the entire duration of the 1-year chart. No matter what the market has or has not done over that period of time, TCO has held that $75 level. The stock approaching $75 again should provide another bounce higher, but if the overall market continues to sell-off, TCO could break that support.
The Tale of the Tape: TCO has a very strong level of support at $75. A trader could enter a long position at $75 with a stop placed under the level. If the stock were to break below the support, a short position would be recommended instead.
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Texas' Next Big Oil Rush

New pipelines are beginning to carry a glut of domestic crude from the middle of the country to Texas' Gulf Coast, boosting the fortunes of the area's big refineries and further fueling a decline in oil imports.
 Magellan Midstream Partners' Longhorn pipeline began shipping oil from West Texas to Houston in April—the first of at least seven pipeline projects that could send as much as two million barrels a day from oil-saturated choke points in Oklahoma and the interior of Texas to the largest concentration of refineries in the country. But domestic oil production is at such a high level that the Gulf Coast refineries won't be able to process all of the crude.
The pipelines, all set to come online by the end of next year, mark a new phase in the U.S. oil boom.
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McAlvany Weekly Commentary

James Rickards: Currency Wars and $7,000 Gold

About this week’s show:
-Outcomes: Conflict, chaos or a gold standard?
-2008 crisis risks magnified
-Danger: Fed gets more than bargained for
-Be sure to read, Currency Wars, Purchase  here
Currency Wars300
About the guest: James Rickards is the author of the national bestseller, Currency Wars: The Making of the Next Global Crisis and a Partner in Tangent Capital Partners, a merchant bank based in New York. He has been interviewed in The Wall Street Journal and has appeared on CNBC, Bloomberg, Fox, CNN, BBC and NPR and is an Op-Ed contributor to the Financial Times, New York Times and Washington Post.

Read | Subscribe@iTunes
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Chart Pattern Projects This 3D Printing Stock Could Soar 55% by Year-End: SSYS, XONE, DDD

3D printers are little machines, but they're making a big impact. Some analysts even speculate they could soon change the way copying is done.
3D printers use special material to "print" physical, three-dimensional objects. Just as traditional printers use ink to create words on a page, 3D printers use tiny strips of plastic and other materials to build actual, hand-held objects.
Manufacturers like Ford (NYSE: F) and General Electric (NYSE: GE) already use 3D printing technology to recreate engine parts. Scientists presently use the printers to model body parts. Even NASA plans to ship a 3D printer into space so astronauts can print replacement space parts in orbit.
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What Happened The Last 2 Times Mortgage Rates Spiked Like This?

Perhaps – as we are always reminded – it will be different this time but following this morning’s surge in Consumer Confidence, we got to thinking, just why is everyone so confident? The facts are, as Citi’s FX Technicals group notes, the last times we saw mortgage rates surge like they just have, that marked the peak in consumer confidence and the market followed shortly after. It seems that the Fed, by engineering ever lower rates, can lift confidence; but as is clear from this chart (and as we noted previously) there is a limit to this effect (ZIRP) and each cycle has diminishing returns.
Chart adapted from Citi FX Technicals
Zero Hedge
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