Trump's business ties to kingdom run long and deepPresident Donald Trump's business ties to Saudi Arabia are under scrutiny following the disappearance of one of its critics, writer Jamal Khashoggi.

President Donald Trump's business ties to Saudi Arabia are under scrutiny following the disappearance of one of its critics, writer Jamal Khashoggi.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/eZzhkvrYMQ0/trumps-business-ties-to-kingdom-run-long-and-deep

A look at US-Saudi weapons at issue in missing writer caseThe disappearance of Saudi journalist Jamal Khashoggi at a Saudi diplomatic mission in Turkey has fueled calls for the United States to reconsider arms sales to the kingdom that have been championed by President Donald Trump.

The disappearance of Saudi journalist Jamal Khashoggi at a Saudi diplomatic mission in Turkey has fueled calls for the United States to reconsider arms sales to the kingdom that have been championed by President Donald Trump.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/0ySKmmbc7Q4/a-look-at-us-saudi-weapons-at-issue-in-missing-writer-case

Here's Why Momenta Pharmaceuticals Tumbled 13.5% on FridayThe company's plan to restructure itself isn't sparking investor optimism.

The company's plan to restructure itself isn't sparking investor optimism.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/cyReP6Ssku4/heres-why-momenta-pharmaceuticals-tumbled-13-5-on-friday

The Motley Fool Interviews Author and Founder of Free Range Studios Jonah SachsSachs' latest book -- Unsafe Thinking -- explores the ongoing need for change and the power of intelligent risk-taking.

Sachs' latest book -- Unsafe Thinking -- explores the ongoing need for change and the power of intelligent risk-taking.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/mZaVA7ckSys/the-motley-fool-interviews-author-and-founder-of-free-range-studios-jonah-sachs

After a Rough 2018, Can Intel Turn Things Around?Despite all of Intel’s problems, the company has a lot going for it, and an undemanding valuation.

Despite all of Intel’s problems, the company has a lot going for it, and an undemanding valuation.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/qG7G0Wx80cs/after-a-rough-2018-can-intel-turn-things-around

2 Risks to Apple StockThis is a great company, but no investment is without risk.

This is a great company, but no investment is without risk.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/_bSBUWA-I5s/2-risks-to-apple-stock

Could Cisco Systems, Inc. Be a Millionaire-Maker Stock?Cisco has handily beaten the S&P 500 index over the trailing 12 months, but can it keep giving investors market-beating returns?

Cisco has handily beaten the S&P 500 index over the trailing 12 months, but can it keep giving investors market-beating returns?http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/nMPA1kevn6w/could-cisco-systems-inc-be-a-millionaire-maker-stock

Is This Reliable Dividend Stock a Buy Today?Franklin Electric has a great dividend history behind it, but is that enough to make the stock worth buying?

Franklin Electric has a great dividend history behind it, but is that enough to make the stock worth buying?http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/miEXV__ZiM4/is-this-reliable-dividend-stock-a-buy-today

'I love the Saudis': Trump business ties to kingdom run deepPresident Donald Trump's business ties to Saudi Arabia are under scrutiny following the disappearance of one of its critics, writer Jamal Khashoggi.

President Donald Trump's business ties to Saudi Arabia are under scrutiny following the disappearance of one of its critics, writer Jamal Khashoggi.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/fzhTqqTrIA8/i-love-the-saudis-trump-business-ties-to-kingdom-run-deep

Cramer Remix: Friday's rally may not be sustainableJim Cramer brings meaning to the latest market moves and explains what could be ahead.[Collection]

Jim Cramer brings meaning to the latest market moves and explains what could be ahead.https://www.cnbc.com/2018/10/12/cramer-remix-fridays-rally-may-not-be-sustainable.html

Cannabis could disrupt a $500 billion market, says CEO of top marijuana maker after deal with DEAJim Cramer hears from Canopy Growth chief Bruce Linton about the cannabis producer's recent deal with the Drug Enforcement Administration and what Canada's legalization will mean for the marijuana industry.[Collection]

Jim Cramer hears from Canopy Growth chief Bruce Linton about the cannabis producer's recent deal with the Drug Enforcement Administration and what Canada's legalization will mean for the marijuana industry.https://www.cnbc.com/2018/10/12/canopy-growth-ceo-cannabis-could-disrupt-a-500-billion-market.html

Walmart acquires online lingerie retailer Bare NecessitiesWalmart's string of small fashion-company acquisitions is designed to help the retailer access younger, millennial customers who do not normally shop on its website, and recover ground lost to Amazon.com and others.[Collection]

Walmart's string of small fashion-company acquisitions is designed to help the retailer access younger, millennial customers who do not normally shop on its website, and recover ground lost to Amazon.com and others.https://www.cnbc.com/2018/10/12/walmart-acquires-online-lingerie-retailer-bare-necessities.html

Cramer's lightning round: Don't buy shares of GE until the company cuts costs or raises cashJim Cramer zooms through his take on callers' favorite stocks, including the ailing industrial everybody has their eyes on.[Collection]

Jim Cramer zooms through his take on callers' favorite stocks, including the ailing industrial everybody has their eyes on.https://www.cnbc.com/2018/10/12/cramers-lightning-round-dont-buy-ge-stock-until-you-see-cost-cuts.html

Cramer says the Fed could cause a 2019 slowdown with its aggressive rate hike agendaJim Cramer warns that U.S. companies could feel the heat of the Fed's lockstep rate hikes in 2019.[Collection]

Jim Cramer warns that U.S. companies could feel the heat of the Fed's lockstep rate hikes in 2019.https://www.cnbc.com/2018/10/12/cramer-fed-could-cause-2019-slowdown-with-aggressive-rate-hike-agenda.html

Cramer's game plan: Increased volatility could turn positive with help from Trump, FedJim Cramer clues investors in to what he'll be watching in the week ahead as stocks try to recover from a dramatic sell-off.[Collection]

Jim Cramer clues investors in to what he'll be watching in the week ahead as stocks try to recover from a dramatic sell-off.https://www.cnbc.com/2018/10/12/cramers-game-plan-higher-volatility-could-turn-positive-for-stocks.html

Pentagon says cyber breach of travel records may affect up to 30,000 Defense Department employeesThe Pentagon says there has been a cyber breach of Defence Department travel records that compromised the personal information and credit card data of U.S. military and civilian personnel.[Collection]

The Pentagon says there has been a cyber breach of Defence Department travel records that compromised the personal information and credit card data of U.S. military and civilian personnel.https://www.cnbc.com/2018/10/12/pentagon-says-cyber-breach-of-travel-records-may-affect-up-to-30000-defense-department-employees.html

Trump says freed pastor Brunson to arrive in US on Saturday and visit White HouseThe pastor who was at the center of a diplomatic spat between Turkey and the United States will land at a military base near Washington on Saturday and will likely visit the White House the same day, President Donald Trump said on Friday.[Collection]

The pastor who was at the center of a diplomatic spat between Turkey and the United States will land at a military base near Washington on Saturday and will likely visit the White House the same day, President Donald Trump said on Friday.https://www.cnbc.com/2018/10/12/trump-says-freed-pastor-to-arrive-in-us-on-saturday-visit-white-house.html

Top VC deals: Data warehousing start-up Snowflake raises $450M; Dragonfly launches crypto fundA weekly recap of the most interesting venture capital deals, funds and start-ups.[Collection]

A weekly recap of the most interesting venture capital deals, funds and start-ups.https://www.cnbc.com/2018/10/12/top-vc-deals-snowflake-dragonfly-crypto-smile-direct-egnyte-microsoft-ventures-cisco.html

Look to Cyber Security ETFs to Capitalize on a Growing Digital IndustryThis article was originally published on ETFTrends.com.

This article was originally published on ETFTrends.com.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/Spd5ruGOZ1M/look-to-cyber-security-etfs-to-capitalize-on-a-growing-digital-industry

Tesla produced 7,400 Model 3 sedans in the first two weeks of the quarter, report saysThat would mean Tesla has so far produced 3,700 Model 3's per week, short of the goal of 5,000 cars per week Tesla has been aiming for and occasionally hit.[Collection]

That would mean Tesla has so far produced 3,700 Model 3's per week, short of the goal of 5,000 cars per week Tesla has been aiming for and occasionally hit.https://www.cnbc.com/2018/10/12/tesla-produced-7400-model-3s-in-the-first-two-weeks-of-the-quarter.html

Walmart Acquires Online Innerwear Retailer Bare NecessitiesThe growing e-commerce giant continues its shopping spree.

[Collection]Walmart U.S. e-commerce has acquired Bare Necessities, the largest online specialty retailer of intimate apparel, the company said Friday. The brand will join the portfolio of Walmart e-commerce labels. Noah Wrubel, Bare Necessities‘ co-founder chief executive officer, will join Walmart and lead the intimates category for walmart.com and jet.com, while continuing to operate Bare Necessities as ceo of the company. Bill Richardson, co-founder and chief operating officer of Bare Necessities, along with the company’s team will join Walmart U.S. e-commerce. Bare Necessities, which was founded in 1998, offers more than 100,000 sku’s from more than 160 brands, including an extensive assortment of bras, swimwear, shapewear and sleepwear. Intimates, a category that has been aggressively growing online, has complex sizing and highly specialized products. Bare Necessities will bring deep category expertise, a content offering designed to educate intimates shoppers, as well as strong brand relationships and operational capabilities, Walmart said. The Bentonville, Ark.-based retailer has been re-inventing its e-commerce business with digital native vertical brands such as Bonobos and Modcloth, and premium brands such as Lord & Taylor. Walmart.com recently launched EV1 by Ellen DeGeneres and acquired Eloqui. Walmart.com earlier this year relaunched its web site with cleaner graphics, elevated photography and an overall

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Trump administration may soon require drugmakers to advertise drug prices, report saysThe proposal is slated to be introduced next week, Politico reported, citing four people with knowledge of the plan. It's a key piece of President Donald Trump's blueprint to lower drug prices, which the administration unveiled in May.[Collection]

The proposal is slated to be introduced next week, Politico reported, citing four people with knowledge of the plan. It's a key piece of President Donald Trump's blueprint to lower drug prices, which the administration unveiled in May.https://www.cnbc.com/2018/10/12/trump-administration-to-force-drugmakers-to-advertise-prices-report.html

Timeline: The rise and fall of SearsSears Holdings is on the verge of filing for bankruptcy after 125 years in business, closing a chapter in the company's long-and-storied history. Here's how one of America's most recognizable brands fell into decline.[Collection]

Sears Holdings is on the verge of filing for bankruptcy after 125 years in business, closing a chapter in the company's long-and-storied history. Here's how one of America's most recognizable brands fell into decline.https://www.cnbc.com/2018/10/12/timeline-the-rise-and-fall-of-sears.html

Junk Bond ETFs See Heavy Outflows on the Risk-Off TradeThis article was originally published on ETFTrends.com.

This article was originally published on ETFTrends.com.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/9Mo8waokDbE/junk-bond-etfs-see-heavy-outflows-on-the-risk-off-trade

Leveraged Brazilian ETF Continues to Rise After Dow Sells OffThis article was originally published on ETFTrends.com.

This article was originally published on ETFTrends.com.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/axN1wz__QAo/leveraged-brazilian-etf-continues-to-rise-after-dow-sells-off

San Francisco tech CEOs Marc Benioff and Jack Dorsey spar over proposal to fight homelessnessTwitter CEO Jack Dorsey and Salesforce CEO Marc Benioff sparred over San Francisco's Proposition C, which proposes a new tax on large businesses to fight the city's homelessness crisis.[Collection]

Twitter CEO Jack Dorsey and Salesforce CEO Marc Benioff sparred over San Francisco's Proposition C, which proposes a new tax on large businesses to fight the city's homelessness crisis.https://www.cnbc.com/2018/10/12/tech-ceos-marc-benioff-jack-dorsey-spar-over-prop-c-fight-homelessness.html

Strong Earnings Weren’t Enough for Bank ETFsThis article was originally published on ETFTrends.com.

This article was originally published on ETFTrends.com.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/Bs2S9WG9HiE/strong-earnings-werent-enough-for-bank-etfs

Investors Flee to Floating-Rate ETFs, TIPS During Latest Sell-OffThis article was originally published on ETFTrends.com.

This article was originally published on ETFTrends.com.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/0AZPLo9ppVM/investors-flee-to-floating-rate-etfs-tips-during-latest-sell-off

The World's Top Auto Market Is Tanking — Ford Is Doing WorseFord's China auto sales tanked in September, far outpacing the overall sales decline that was the largest drop in seven years. The post The World's Top Auto Market Is Tanking — Ford Is Doing Worse appeared first on Investor's Business Daily.

[Collection]

Ford Motor's (F) China auto sales tanked in September, far outpacing the overall sales decline that was the largest drop in seven years.

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Ford joins General Motors (GM) in reporting a major slowdown as the world's largest auto market cools, with President Trump's China trade war threatening economic growth.

Ford's China sales totaled 64,383 vehicles in September, tumbling 43% year over year. Year to date, sales of 585,000 units marked a 30% decline.

Sales of vehicles that Ford imports into China sank 16% last month, led by a 71% drop for the Mustang. Monthly sales for Ford's Changan joint venture slid 55%, while its Jiangling JV saw sales fall 15%. The Lincoln brand saw sales climb 1% in September, as the luxury car market in China continues to hold up.

Ford Focus sales in China were down 61% in September and are down 51% year to date.

Overall China auto sales sank 12% to 2.39 million units last month, the third straight drop, according to the China Association of Automobile Manufacturers. China's car sales fell the most in nearly seven years in September, Reuters said.

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GM China Auto Sales

Rival GM is also seeing declines in China auto sales but not as bad as Ford's. On Monday, GM and its JVs reported delivering 835,934 vehicles in China in the third quarter. Sales shrank 15% from a year earlier "due to the softening vehicle market," they said.

GM's quarterly sales in China decreased for the first time in more than a year. Year to date, GM China auto sales are down 2.5%.

Ford stock fell 1.9% to 8.64 on the stock market today, hitting its worst level since November 2009. GM slid 1.6%, Fiat Chrysler (FCAU) dipped 0.2% and Tesla (TSLA) jumped 2.6%. Recent IPO and China electric-car maker Nio (NIO) bounced 3.6%.

Ford, GM China Turnaround Plans

Both Ford and GM highlighted comeback strategies for the crucial Chinese market.

"We are intensely focused on our sales turnaround plan in China, which includes an aggressive cadence of product introductions to meet the needs of our Chinese customers, including the launch of the highly anticipated all-new Ford Focus," said Peter Fleet, CEO of Ford China.

GM reported that it's "building market resilience through an improved product mix, with a focus on SUVs, MPVs (multipurpose vehicles) and luxury vehicles — the segments with the strongest demand."

It launched four new models in Q3 and plans two more launches in Q4.

BMW on Thursday said it will take control of its China joint venture and expand manufacturing in that country amid rising import tariffs in a tit-for-tat trade war.

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The post The World's Top Auto Market Is Tanking — Ford Is Doing Worse appeared first on Investor's Business Daily.

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Sears Bankruptcy Filing Seen Drawing NearerSources expect that even with a Chapter 11 filing, Sears will still end up in liquidation mode.

[Collection]The situation at cash-strapped Sears Holdings Corp. remains fluid, but sources following the situation expect the company to file for Chapter 11 bankruptcy protection ahead of a $134 million debt payment, due Monday. One credit analyst said Sears would likely keep about 300 stores open so it can capture holiday sales. The analyst noted Sears has been cash-flow-positive during the six-week holiday selling period in the past and that it makes sense for the retailer to try to capture as much cash as it can for the debtor’s estate. The retailer operated 866 stores under the Sears and Kmart nameplates as of the end of August. James Schaye, chief executive officer and partner at asset disposition firm Eaton Hudson Inc., said, “They will get more money and a better recovery selling through the holiday season than if the case went directly into a liquidation through the appointment of a trustee in a Chapter 7 case.” Sources describe the conversations with lenders as still “challenging,” but said Sears should be able to secure debtor-in-possession financing, likely up to $500 million. A filing is expected over the weekend or early Monday, although it could take longer to dot all the i’s and cross all the t’s. One individual familiar

Follow WWD on Twitter or become a fan on Facebook.

Read More...https://wwd.com/business-news/retail/sears-holdings-now-likely-to-file-a-chapter-1202878109/

Franklin Templeton Adds to Its Low-Cost International ETF LineupThis article was originally published on ETFTrends.com.

This article was originally published on ETFTrends.com.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/9tQWFiFl0B0/franklin-templeton-adds-to-its-low-cost-international-etf-lineup

Marijuana ETF and Cannabis Stocks Green Amid a Sea of RedThis article was originally published on ETFTrends.com.

This article was originally published on ETFTrends.com.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/hksIMjk4izs/marijuana-etf-and-cannabis-stocks-green-amid-a-sea-of-red

Anaplan IPO Shares Soar As Trading Begins, Raises $263.5 MillionThe Anaplan IPO priced 15.5 million shares at 17, the high end of its upwardly revised price range, suggesting strong interest from institutional investors. The post Anaplan IPO Shares Soar As Trading Begins, Raises $263.5 Million appeared first on Investor's Business Daily.

[Collection]

Shares of cloud software company Anaplan (PLAN) soared Friday, with an initial public offering that priced at the high end of its range and raised $263.5 million.

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The Anaplan IPO priced 15.5 million shares at 17. That was the high end of its upwardly revised price range of 15 to 17, suggesting strong interest from institutional investors. Anaplan initially set a price range of 13 to 15.

Shares opened at 24.25 for a gain of 43% on the stock market today. During afternoon trading, Anaplan was near 22.50, up 32%.

In the Anaplan IPO prospectus, the San Francisco-based company calls itself a pioneer in a category it calls connected planning, helping companies make better and faster decisions.

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"Connected Planning enables dynamic, collaborative, and intelligent planning across all areas of an organization, including finance, sales, and supply chain, and other corporate functions such as marketing, human resources, and operations," the company said in its prospectus.

Anaplan uses a subscription based software-as-a-service subscription business model.

Anaplan Customers

As of July 31, Anaplan had 979 customers using its platform. Customers include Coca-Cola (KO), VMware (VMW) and HP Inc. (HPQ)

The Anaplan IPO is to trade on the New York Stock Exchange Friday morning under the symbol PLAN.

For the six-month period ended July 31, Anaplan reported revenue of $109.4 billion, up 41% from the year-ago period. It reported a net loss of $47.2 million in the period vs. a $16 million loss.

Among other IPOs, Equillum (EQ) priced 4.7 million shares at 14, the low end of its price range, raising $66 million. The company is developing therapies for severe immuno-inflammatory disorders. Shares opened Friday at 14.35, for a gain of 2%. During afternoon trading shares were back at 14.

The biggest stock market winners typically make their major price moves within a few months or years of their initial public offering. So it pays to identify and track companies getting ready to go — or have recently gone — public.

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The post Anaplan IPO Shares Soar As Trading Begins, Raises $263.5 Million appeared first on Investor's Business Daily.

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3 Reasons Why Netflix Isn't Going to $125Wedbush analyst Michael Pachter has seen his price target on Netflix go from a split-adjusted $0.43 to $125 over the past 13 years. He's been wrong most of the way up.

Wedbush analyst Michael Pachter has seen his price target on Netflix go from a split-adjusted $0.43 to $125 over the past 13 years. He's been wrong most of the way up.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/nAkTlxi7cvo/3-reasons-why-netflix-isnt-going-to-125

Can Best Buy Leverage These 74 Million Consumers to Fuel Its Growth?A recent acquisition gives the electronics retailer a way to target a growing segment of the population.

A recent acquisition gives the electronics retailer a way to target a growing segment of the population.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/5csndrkyyCg/can-best-buy-leverage-these-74-million-consumers-to-fuel-its-growth

After Tesla Flamethrowers And Surfboards, Get Ready For 'Teslaquila'Tesla CEO Elon Musk followed up on an April Fools' prank earlier this year, posting a tweet Friday saying 'Teslaquila' was on its way. The post After Tesla Flamethrowers And Surfboards, Get Ready For 'Teslaquila' appeared first on Investor's Business Daily.

[Collection]

Tesla (TSLA) Chief Executive Elon Musk followed up on an April Fools' prank from earlier this year, as he posted a tweet Friday saying a Tesla-branded tequila was on its way.

"Teslaquila coming soon ..." wrote Musk in a tweet Friday.

On Monday, Tesla filed with the U.S. Patent and Trademark Office to trademark the word Teslaquila, as reported Friday by CNBC.

On Friday, Musk tweeted a photo of Teslaquila, saying "Visual approximation."

Visual approximation pic.twitter.com/sMn3Pv476Y

— Elon Musk (@elonmusk) October 12, 2018

It's not the first time Musk has displayed outside-the-box antics. With the advent of his tunnel-digging company Boring Co., in January the Boring website began offering real fire-shooting flamethrowers for $500 each. All 20,000 flamethrowers sold, reaping $10 million.

When the zombie apocalypse happens, you’ll be glad you bought a flamethrower. Works against hordes of the undead or your money back!

— Elon Musk (@elonmusk) January 28, 2018

In July, Tesla began selling a limited edition of 200 surfboards for $1,500 each. They sold out in one day.

In addition to running Tesla, Musk is the founder and chief executive of rocket-ship maker SpaceX. In addition to launching satellites and ferrying supplies to the International Space Station, SpaceX is also planning on taking paying customers to the Moon.

Shares of Tesla were near 254.70, up 1% during afternoon trading on the stock market today.

No word yet on when Teslaquila will hit the market.

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The post After Tesla Flamethrowers And Surfboards, Get Ready For 'Teslaquila' appeared first on Investor's Business Daily.

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Amid Broader Downturn, These 3 Biotech Stocks Look 'Compelling'Gilead Sciences, Celgene and Incyte look "compelling" amid a broader downturn that has sent shares of biotech companies tumbling 13.4% this month, an analyst said Friday. The post Amid Broader Downturn, These 3 Biotech Stocks Look 'Compelling' appeared first on Investor's Business Daily.

[Collection]

Gilead Sciences (GILD), Celgene (CELG) and Incyte (INCY) look "compelling" amid a broader downturn that has sent shares of biotech companies tumbling 13.4% this month, an analyst said Friday.

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Typically, shares of biotech companies don't underperform in market corrections, RBC Capital Markets analyst Brian Abrahams said. This gives investors a chance to look for biotech companies with solid fundamentals and relatively inexpensive valuations.

"With some sell-off already in the sector going into the broader market correction, biotech stocks — particularly large-caps — look fundamentally and relatively cheap," Abrahams said in a report to clients.

In midday trading on the stock market today, shares of biotech companies rose 1.4% into the black for the first time in seven trading days. In seven of the past nine sessions, shares of biotech companies have ended the day in the red.

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Catalysts For Biotech Companies

In general, the SPDR S&P Biotech (XBI) index and iShares Nasdaq Biotechnology Index (IBB) aren't any harder hit than the S&P 500 during market corrections, Abrahams said. An exception includes a sell-off in 2016, he noted.

"This could be due to the competing forces of biotechs being perceived as both volatile but also defensive, effectively offsetting one another," he said.

Abrahams calls for biotech companies to have a steady third-quarter earnings season and for rising interest rates to only impact cash-flow opportunities or noncommercial stage biotech companies. Meanwhile, the drug-pricing debate is likely to grab some election attention.

"We acknowledge that concerns about drug pricing could escalate as campaign rhetoric likely increases into midterm elections and a Democratic majority in Congress remains possible," he said. "In any case, we believe any draconian changes remain unlikely to be implemented."

Further, shares of biotech companies could see upside if the GOP wins the House. They also could benefit from a mixed House and Senate, Abrahams said.

Strong Fundamentals In Large Caps

Still, the broader market correction is likely to send investors seeking biotech companies with good fundamentals and growth potential. In this environment, Gilead, Celgene and Incyte look promising, Abrahams said.

Gilead stock continues to trade at a modest discount vs. slow-growing large pharmas, he said.

"We expect positive pull-through from strong commercial executive and underappreciated pipeline progress that should finally be realized in the coming months once a new CEO (chief executive officer) is named and it becomes perceived as more investable," he said.

Celgene remains a growth leader in the space. Abrahams expects Celgene to see regulatory and commercial success in 2019. He calls for the biotech company to beat third-quarter earnings views. The firm is also on track to file for approval of multiple sclerosis drug ozanimod.

Also among large-cap biotech companies, Abrahams sees Incyte as interesting and near a bottom. He see investors now accounting only for sales of cancer treatment Jakafi and other products in their valuation. He says it's possible Incyte could unlock some value through other strategic options.

"There is little downside to Incyte's current valuation and any pipeline success or strategic initiative is likely to drive upside from here," Abrahams said.

Small-Cap Biotech Stories

Among small- and mid-cap biotech companies, he sees some potential in Sage Therapeutics (SAGE), Sarepta Therapeutics (SRPT), Dynavax Technologies (DVAX) and Alder Biopharmaceuticals (ALDR). All four biotech companies have near-term catalysts that could help their stocks turn around.

Sage is working on a drug called brexanolone to treat postpartum depression. Meanwhile, Alder faces one final hurdle before grabbing approval of its migraine prevention drug. Alder would rival Amgen (AMGN), Teva Pharmaceutical (TEVA) and Eli Lilly (LLY).

For Sarepta, Abrahams looks ahead to the first quarter of 2019. Then, the biotech company is likely to unveil the results of a study in a form of muscular dystrophy. The results are expected to be positive as Sarepta's gene therapy has had good results in another form of the disease.

And like Incyte, Dynavax stock appears to be near a bottom, Abrahams said. This creates a catalyst for its immunotherapy cancer treatment. Dynavax will likely have data next week for this drug.

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How To Build Long-Term Profits In Stocks? Take Many Gains At 20%-25%

New Option Strategy Limits Risk Around Earnings

Should You Buy A Stock Ahead Of Its Earnings Report?

The post Amid Broader Downturn, These 3 Biotech Stocks Look 'Compelling' appeared first on Investor's Business Daily.

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Delta to debut once-disputed jets in New York this winterDelta Air Lines is about to start selling tickets on its new Airbus A220 jets this month. Flights will begin in January from New York aboard the planes whose sale Boeing disputed last year, saying they were illegally dumped in the U.S. below cost.[Collection]

Delta Air Lines is about to start selling tickets on its new Airbus A220 jets this month. Flights will begin in January from New York aboard the planes whose sale Boeing disputed last year, saying they were illegally dumped in the U.S. below cost.https://www.cnbc.com/2018/10/12/delta-to-debut-once-disputed-jets-in-new-york-this-winter.html

Software firm Perq raises $5 million from tech heavyweightsThe company's founders used millions of dollars in capital from their original company—which offered print and direct-mail services—to launch a software division.[Collection]

The company's founders used millions of dollars in capital from their original company—which offered print and direct-mail services—to launch a software division.https://www.ibj.com/articles/70822-perq-raises-5-million-from-tech-heavyweights

Kevin O’Leary Says US Core Economy Is On FireThis article was originally published on ETFTrends.com.

This article was originally published on ETFTrends.com.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/qD1LguhxgBQ/kevin-oleary-says-us-core-economy-is-on-fire

Why it Could be Time to Revisit Small-Cap ETFsThis article was originally published on ETFTrends.com.

This article was originally published on ETFTrends.com.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/l5kLqlNQq8g/why-it-could-be-time-to-revisit-small-cap-etfs