Chris Lau
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Chris Lau in Value Stocks,

Action List for Tomorrow, Thursday, May 10 2017

  • 1.Valeant Pharmaceuticals – VRX - as this group predicted, not only bounced back to $10 but is up ~ 30% since reporting quarterly results. Strong cash flow, debt repayments and expectations of higher sales from new products suggest more upside ahead. Buy.
  • 2.Thanks to NVIDIA (NVDA), Advanced Micro Devices (AMD) rose on the markets. Is the $11 - $13 price level next? Buy the dip.
  • 3.Yelp (YELP) fell ~20% after a disastrous quarter and weak outlook. F*** Yelp. Their bullying of merchants is hurting the business. Google offers a better service. Avoid.

In the Biotech sector:

  • 4. MannKind (MNKD) jumped ahead of ER. Avoid.
  • 5.Acadia Pharma (ACAD) recovered from an intraday slump. The drop has nothing to do with NUPLAZID sales. Investors now accept no buyers will take the company out. Set a timeline of at least one year for that is the time needed to ramp up sales. Buy and hold.

  • 6.Array Biopharma (ARRY) soared. Analysts issued bullish statements for binimetinib and encorafenib for the treatment of advanced BRAF-positive melanoma. The clinical results are positive. Accumulate.
  • 7.Nvidia jumped decisively after crushing all expectations. That analyst setting a $80 PT looks silly now. NVDA’s growth prospects are strong. Buy the dip.
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