Substratum SUB/BTC + TargetsBINANCE:SUBBTC
I found Sub/btc trading sideway after breaking major down trendline. Looking for a potential movement to the upside.
1D Chart: it has formed 3 soldiers pattern, as well as some bullish signs from the indicators.
4Hrs Chart: TDS is showing a green 1 over green 2. Price is piercing a 55 EMA, I am expecting to close above it and consolidation around that level, then move higher.
Targets
Self trading challenge: MTH/BTC 14K Monetha + TargetsI like this set up to trade as many opportunities as I can Monetha, At this moment my Buying power is 14k Coins, I want to grow this as much as I'm capable using my tradings skills. I will short by selling holding and buying it lower.
BINANCE:MTHBTC
ZRXBTC LONG ALL SET FOR QUICK 37% PROFIT
RSI GOOD
MFI 20 OVERSOLD
MACD OVERSOLD
STOCH BELOW 20
CURRENT POSITION ABOVE 61.8 11710 SAT 1.27% UP
TARGETS 12960 - 13685 - 15925 (7-14 DAYS)
FOR QUICK TRADERS STRICT STOP LOSS OF 11000
REGULAR ST AND LT TRADERS STOP LOSS 10256
October development updates twitter.com
0x Instant: public spec + private beta
@npmjs packages => 0x namespace
support for EIP712 in @metamask_io
governance updates from @EFDevcon
New team members
RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Open4profit will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
SQ Buy targetSquare pretty over-sold on the weekly (so are many stocks just now though) which was followed by a $35 - $100 run last time, so might consider a long after the weekend.
Dream target is highlighted.
> Will be looking for positive Bitcoin moves that could influence this increasingly crypto focussed company in the long-term.
> Cashapp downloads are looking good, still getting dominated by Paypal & Venmo combined figures (same company). Cashapp has good "cult" following, awaiting news on expanding into new markets.
(Not much information, but want to free up chart space)
BTCUSD Setting of targets.
You took a short position when you break through a symmetrical triangle in a downtrend.
Then the position began its realization, becoming a profit deal, and the price was consolidated in the trade corridor, the continuation pattern - a rectangle.
Then the price as expected continued its downward direction having broken the borders of the rrectangle.
Now you can transfer the protective stop to a new, technically sound level - above the rectangle's trade corridor.
Then the price reached the price level determined by the measured move and consolidated into a small symmetrical triangle.
This is why there is no sense to close the position right now as the trend tends to go on.
You should better try to keep a profit position as long as possible especially when there is a new technically supported level in our case – above the borders of the small symmetrical triangle.
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Where to next for Ripple?Hello everyone,
XRP has been very bullish as of late. As you may recall from this post:
I gave XRP a target of the first green line and it was hit within 24 hours of writing. This was a 100% increase in less than a day. I did not expect this. However, someone in my paid group managed to catch it and was very happy with the stoploss I set for him because he managed to keep most of his gains. I was certainly not expecting XRP to jump that much that soon, but it can happen. Thankfully, one of my trader's was prepared and caught it.
Anyways, based on the same methodology - because XRP is officially looking bullish - I have set the above targets. Out first target was around $.83 which as I said was hit, but it hasn't retested that level yet, so we don't know if it will breach it properly yet. Assuming it does, I have set a target for the $1.07 range. With the same song and dance, we then have a price target of about $1.96 . From these levels that is over a 200% increase. That is quite the potential upside. With that said, it should be obvious not to short based on the technicals.
Good luck everyone!
-YoungShkreli
PS I do not trade XRP. I more or less exclusively trade bitcoin and its derivatives with leverage. Occasionally, I make an ETHBTC trade. I have done this once and am expecting to do it again soon. Out of 100s of trades, 1 or 2 will be in alts. Just so you know.
ASNA most likely to mirror back to $8 and then $15 in ~12 monthsArticle Link:
aicody.com
ASNA is a long-established ecommerce and store retailer, which appears to be solidly back in the competition in such a highly competitive space wherein companies often face operational challenges such as Sears, forced to be merged or acquired such as Versace, or go out of business. However, ASNA's recent financial statements, 57 years of operations, sales concentration on fashion-forward women, geographical center of attention in the U.S., Canada, and Puerto Rico, and recent rent reduction plans for its unnecessary stores are the fundamental forces for cost reduction, which is the sole key to profitability and scalability in this sector. Thus, we hold reasons to believe that ASNA's stocks currently project plus buy and double plus hold ratings suitable for both trade and investment purposes.
Company Summary
Ascena Retail Group, Inc. (ASNA) is an ecommerce and store retailer in the US, Canada and Puerto Rico, offering apparel, shoes, and accessories for women via the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value Fashion segment (maurices and dressbarn), Plus Fashion segment (Lane Bryant, Catherines and Cacique), and for tween girls via the Kids Fashion segment (Justice). ASNA operates ~4,600 stores and the following domains:
AnnTaylor.com
ascenaretail.com
Catherines.com
dressbarn.com
factory.anntaylor.com
lanebryant.com
LOFT.com
louandgrey.com
maurices.com
outlet.loft.com
shopjustice.com
Institutional Shareholders
BlackRock Fund Advisors: 22.7M (11.57%) reported on 06/30/18
Charles Schwab Investment Management, Inc.: 6.1M (3.1%) reported on 06/30/18
Dimensional Fund Advisors LP: 16.4M (8.37%) reported on 06/30/18
Nomura Securities Co., Ltd. (Private Banking): 17M 8.67% reported on 06/30/18
PRIMECAP Management Co.: 9.2M (4.67%) reported on 06/30/18
Renaissance Technologies LLC: 4.7M (2.38%) reported on 06/30/18
Sapience Investments LLC: 4.1M (2.08%) reported on 06/30/18
SSgA Funds Management, Inc.: 4.8M (2.45%) reported on 06/30/18
Stadium Capital Management LLC: 19.2M (9.8%) reported on 06/30/18
The Vanguard Group, Inc.: 15.7M (8.02%) reported on 06/30/18
Mutual Funds Shareholders
DFA US Small Cap Value Portfolio: 5.02M (2.56%) reported on 04/30/18
iShares Core S&P Small Cap ETF: 9.58M (4.88%) reported on 09/6/18
iShares Russell 2000 ETF: 3.67M (1.87%) reported on 09/6/18
iShares S&P Small Cap 600 Value ETF: 2.72M (1.39%) reported on 09/6/18
PRIMECAP Odyssey Stock Fund: 4.1M (2.09%) reported on 06/30/18
Schwab Fundamental US Small Company Index ETF: 3.46M (1.76%) reported on 09/6/18
Vanguard Extended Market Index Fund: 2.27M (1.16%) reported on 08/31/18
Vanguard Small Cap Index Fund: 4.21M (2.15%) reported on 08/31/18
Vanguard Small Cap Value Index Fund: 2.63M (1.34%) reported on 08/31/18
Vanguard Total Stock Market Index Fund: 4.15M (2.11%) reported on 08/31/18
Financial Summary
For the fourth quarter of Fiscal 2018, ASNA reported GAAP income of $0.17 per diluted share compared to a GAAP loss of $0.08 per diluted share in the year-ago period, based on a 4% comparable sales increase and the benefit of an additional week related to ASNA's fiscal calendar. For the fourth quarter of Fiscal 2018, ASNA reported adjusted earnings of $0.07 per diluted share compared to adjusted earnings of $0.05 per diluted share in the year-ago period.
For full year Fiscal 2018, ASNA reported a GAAP loss of $0.20 per diluted share reflecting a comparable sales decline of 2% and costs associated with ASNA's Change for Growth transformation program, partially offset by the benefit of the additional week. ASNA reported a GAAP loss of $5.48 per diluted share in the year-ago period which included a non-cash pre-tax impairment charge of $1.324B to write down a portion of ASNA's intangible assets. Adjusted earnings for 2018 were a loss of $0.02 per diluted share compared to adjusted earnings of $0.22 per diluted share in the year-ago period.
Sales
Net sales for the fourth quarter of Fiscal 2018 were $1,766M compared to $1,658M in the year-ago period, with the increase caused by a 4% increase in comparable sales and ~$88M of sales associated with the additional week.
Growth Margin
Gross margin increased to $1.01B, or 57.5% of sales, for the fourth quarter of Fiscal 2018 compared to $0.95B, or 57.4% of sales in the year-ago period. Gross margin increased from the year-ago period due to increased comparable sales and ~$50M associated with the additional week. Gross margin rate increased 10 basis points, with strong rate improvement at our Premium Fashion and Kids Fashion segments mostly offset by declines at our Plus Fashion and Value Fashion segments. In our Plus Fashion segment, merchandise margin increased from the year-ago period, reflecting improving assortment performance and disciplined inventory management, with the offset caused primarily by higher freight expense resulting from increased digital penetration. The decline in our Value Fashion segment was caused primarily by lower clearance price points at dressbarn.
Distributions
Buying, distribution, and occupancy (“BD&O”) expenses for the fourth quarter of Fiscal 2018 increased to $324M, which represented 18.4% of sales, compared to $320M, or 19.3% of sales in the year-ago period and included ~$3M of expense associated with the additional week. In terms of dollars, lower occupancy expenses resulting from our fleet optimization program were more than offset by higher variable distribution costs related to the increased penetration of our direct channel business and the expenses associated with the additional week.
General and Administrative
Selling, general, and administrative (“SG&A”) expenses for the fourth quarter of Fiscal 2018 increased 5% to $527M, or 29.8% of sales, compared to $500M, or 30.1% of sales in the year-ago period. The increase in SG&A expenses was primarily due to $18M of expense associated with the additional week, inflationary increases and higher performance-based compensation, offset in part by ~$30M in synergies and cost reduction initiatives.
Operating Loss
Operating income for the fourth quarter of Fiscal 2018 was $53M compared to an operating loss of $9M in the year-ago period. The increase in the current year primarily reflects the impact of the additional week, which generated ~$30M, lower costs associated with the Change for Growth transformation program as well as lower acquisition-related costs. On a non-GAAP adjusted basis, operating income was $43M in the fourth quarter of Fiscal 2018, compared to $44M in the year ago period as the growth from the comparable sales increase and the impact of the cost savings initiatives were offset by inflationary increases and higher performance-based compensation.
Net Income
ASNA reported Net income of $33M, or $0.17 per diluted share in the fourth quarter of Fiscal 2018, compared to a net loss of $16M, or $0.08 per diluted share, in the year-ago period.
2018 Q1 Financial Highlights
ASNA ended the fourth quarter of Fiscal 2018 with Cash and cash equivalents of $239M.
ASNA ended the fourth quarter of Fiscal 2018 with inventory of $623M, down 3% from the year-ago period.
Capital expenditures totaled $54M in the fourth quarter of Fiscal 2018, primarily to support new capabilities and strategic initiatives. Full year Fiscal 2018 capital expenditures totaled $181M.
ASNA ended the fourth quarter of Fiscal 2018 with total debt of $1,372M, which represents the balance remaining on the term loan. There were no borrowings outstanding under ASNA's revolving credit facility at the end of the fourth quarter of Fiscal 2018. In addition, ASNA had $473M of borrowing availability under its revolving credit facility. During the fourth quarter of Fiscal 2018, ASNA repaid $203M of its term loan and its next scheduled repayment is in November of calendar year 2020.
Store and Rent Reductions
ASNA closed a net 185 stores during Fiscal 2018 which primarily reflects its continuing fleet optimization program. Under the program, ASNA has decreased ~$50M in annualized rent reductions through landlord negotiations. ASNA's number of stores on a brand-by-brand basis from quarter third to fourth is as follows:
Ann Taylor: 306 - 2 = 304
LOFT: 674 - 2 = 672
maurices: 986 - 14 = 972
dressbarn: 739 - 9 = 730
Lane Bryant: 752 - 3 = 749 (4 Closed - 1 Opened = 3)
Catherines: 351 - 3 = 348
Justice: 855 - 8 = 847
Total: 4,663 - 41 = 4,622
Forward-Looking Statements for 2019
ASNA is re-instituting full year guidance and expects Fiscal 2019 full year non-GAAP earnings per share ranging from $0.00 to $0.10, supported by the following assumptions:
Net sales of $6.45 to $6.55B
Comparable sales up low single digits;
Gross margin rate of 57.6% to 58.1%;
Operating expense growth of ~1%;
Depreciation and amortization of $327 to $332M;
Operating income of $120 to $140M;
Interest expense of ~$112M;
Income taxes ~$8M reflecting a 21% tax rate and minimum taxes; and
Diluted share count of 200M.
Full year capital expenditures are expected in the range of $180 to $210M, and ASNA expects to close ~5% of its Fiscal 2018 year-end fleet, with store count dropping into the range of 4,375 to 4,425 by July 2019.
Forward-Looking Statements for 2019 Q1
Fiscal year 2019 first quarter non-GAAP earnings per share is estimated in the range of $(0.04) to $0.06, reflecting a collective unfavorable timing impact of ~$0.10 related to the additional week in Fiscal 2018, which shifted the peak Justice back-to-school week from week 1 of Fiscal 2019 to week 52, and timing related to the adoption of the revenue recognition accounting pronouncement, Accounting Standards Update 2014-19, "Revenue from Contracts with Customers." ASNA's estimated Fiscal 2019 first quarter earnings per share outlook is supported by the following assumptions:
Net sales of $1.54 to $1.56B;
Comparable sales flat to up 2%;
Gross margin rate of 60.0% to 60.5%;
Operating expense growth of 1% to 2%;
Depreciation and amortization expense of ~$84M;
Operating income of $22 to $42M;
Interest expense of ~$27M;
Income taxes of ~$3M reflecting a 21% tax rate and minimum taxes; and
Diluted share count of 200M.
CEO's Comments
Mr. David Jaffe commented that “Our fourth quarter reflected sequential comp improvement across all our brands, and the first enterprise-level positive comp quarter for ascena since the second quarter of Fiscal 2015. Comparable sales increased 4%, and excluding dressbarn, all brands delivered positive comps. Specific to dressbarn, we delivered a 9 percentage point sequential comparable sales improvement from our third quarter, and have fully reset the brand’s inventory position heading into Fiscal 2019. Adjusted earnings per share of 7 cents came in above our guide, and while we were pleased with progress for the quarter, it represents only the first step in our road back to realizing ascena’s full earnings potential.”
Mr. Jaffe states that “We continue to make good progress across the three pillars of our Change for Growth transformation program. We remain on track to achieve $300M in annual run rate savings by July 2019, and are currently implementing the two remaining large capability-building components of our transformation program - localized planning and our customer experience management ecosystem. And as we enter Fiscal 2019, we are leveraging the foundation we’ve built over the past two years to pivot the organization toward the most critical pillar of our transformation program - reinvigorating growth from our core.”
Mr. Jaffe believes that “We remain committed to realizing the full value of our brand portfolio and platform capability. At the core of future shareholder value creation is the promise of a highly differentiated and growing group of leading brands, supported by a cost efficient infrastructure. We entered Fiscal 2019 with good base momentum, and key growth initiatives beginning to gain traction across our brands. We are making headway with stabilization of our dressbarn brand, and will continue to explore opportunities across our brand portfolio to create shareholder value."
Statistics
Shares Outstanding: 0.2B
Avg Daily Vol: 2.5M
Market Cap: ~1B
52-Week High: $5.29
52-Week Low: $1.69
Forward PE: 203.4
Annual Div/Dividend Yield: 0.00% / 2.5%
Annual Rev: ~7B
Inst Own: 82.5%
1-Month Return: 10.9%
3-Month Return: 5.1%
Next Earnings Report Date: 12/03/2018
Earnings ESP: $0.05
Revenue Per Employee: $98,759
Money Flow Ratio: 0.94 %
Profitability
Revenue Growth: 1.3% (Sector Average 5.2%)
Gross Margin: 57.5% (Sector Average 31.9%)
Return on Equity: 24.6% (Sector Average 19.8%)
Net Margin: 2.0% (Sector Average 2.9%)
Debt
Current Ratio: 1.1 (Sector Average 1.4)
Debt-to-Capital: 60.1% (Sector Average 51.0%)
Interest Funding: 18.3% (Sector Average 7.5%)
Interest Coverage: 0.1 (Sector Average 3.7)
Dividend
Dividend Growth: NA (Sector Average 1.0%)
Dividend Payout: NA (Sector Average 45.7%)
Dividend Coverage: NA (Sector Average 4.5)
Dividend Yield: NA (Sector Average 0.0%)
Top Peer Companies
Abercrombie & Fitch Company (ANF)
Amazon.com, Inc (AMZN)
American Eagle Outfitters, Inc (AEO)
Ascena Retail Group, Inc (ASNA)
Buckle Inc (BKE)
Cato Corporation (CATO)
Citi Trends, Inc (CTRN)
Dillard's Inc (DDS)
DSW Inc (DSW)
Etsy Inc (ETSY)
Express Inc (EXPR)
Five Below Inc (FIVE)
Francesca's Holding Corp (FRAN)
Gap Inc (GPS)
Genesco Inc (GCO)
J C Penney Company Inc (JCP)
Kohl's Corporation (KSS)
Lands End Inc (LE)
Macy's Inc (M)
Marks And Spencer Group PLC (MAKSY)
Marui Group Co LTD (MAURY)
Neiman Marcus Group, Inc (NMG)
New York & Company Inc (NWY)
Nordstrom Inc (JWN)
Qurate Retail Inc (QRTEA)
Ross Stores Inc (ROST)
Sears Holdings Corp (SHLD)
Sears Hometown and Outlet (SHOS)
Target Corporation (TGT)
Tillys Inc (TLYS)
Walmart Inc (WMT)
Wayfair Inc (W)
Guidance 2019 Q1
Total Sales: $1.54-$1.56B
Gross Margin: 60.0%-60.5%
Depreciation and amortization: ~$84M
Operating Income: $22-$42M
Interest Expense: ~$27M
Diluted Share Count: 200M
EPS: $0.04-$0.06
Guidance 2019
Total Sales: $6.45-$6.55B
Gross Margin: 57.6%-58.1%
Depreciation and amortization: $327-$332M
Operating Income: $120-$140M
Interest Expense: ~$112M
Diluted Share Count: 200M
EPS: $0.00-$0.10
Stores: 4,375-4,425
12 Month Price Target
Mean: $8.33
High: $15.01
Low: $2.18
Earnings Surprise
Positive (+6.7%)
Trade and Investment Ratings
Ratings from strongest (+++) to weakest (---) are as follows:
60-Month Investment: +++
36-Month Investment: ++
12-Month Investment: +
3-Month Investment: Neutral
1-Month Investment: Neutral
Single Day-Trade: Neutral
Multi Day-Trade: Neutral
Single Short-Term Short-Sell: Neutral
Multi Short-Term Short-Sell: -
Long-Term Short-Sell: --
Bitcoin Cash | Good Breakout. Continuation? [BCHBTC]Bitcoin Cash just had a breakout with really good volume.
If support above the first resistance and the MA can be established, I'd say that continuation is very likely. The move is supported by bullish divergence on the Daily RSI.
It's a very tricky situation right now, because Bitcoin seems to be bearish and Altcoins usually follow.
I'd say its possible that we see some sort of de-correlation in the near term.
Altcoins are springloaded, every time BTC makes a tiny little move to the upside, we see massive gains on different Alts.
In the past, BCH was sometimes seen as a hedge against BTC. We might get some of that sentiment back if BCH manages to push up even higher.
As always, never FOMO into trades. Wait for consolidation pattern before you enter a position.
My final take profit zone would be around 0.13 and 0.14, if BCH managed to get through the previous resistances.
USD/JPY high probability long strategyWe have long targets for FX_IDC:USDJPY after breaking a falling wedge at the 1.272 and 1.618 extension, at the same time price targets for the falling wedge breakout meet pretty accurately within these ratios. You can even see price making its way back to the pullback after a throwback to the wedge´s upper trendline.
These long strategy follows a major bullish trend forming in a new historic and economic context in which the dollar keeps gaining value against the all-time famous Japanese safe haven currency thanks to the news on interest rates which the FED is meant to rise periodically from now on.
1st Target: 127.2 % or 113.020
2nd Target: 161.8 % or 113.740
Safe trades everybody !
Tilray most likely to hit ~$174aicody.com
Company Summary
Tilray, Inc. (NASDAQ: TLRY) is a global pioneer in the research, cultivation, production and distribution of cannabis and cannabinoids currently serving tens of thousands of patients in ten countries spanning five continents. Tilray has reported financial results for second quarter of 2018 and six months ended June 30, 2018.
“We are very pleased with our strong start to 2018. Tilray is well-positioned to continue to pioneer the development of the global medical cannabis market and to become a leader in the adult-use cannabis market in Canada,” said Mr. Brendan Kennedy, President and Chief Executive Officer of Tilray. “In the second quarter, we generated significant revenue growth as a result of our global strategy, our multinational distribution network and our commitment to research, innovation, quality and operational excellence.
Second Quarter 2018 Financial Highlights
Revenue increased to $9.7 (C$12.7) million, up 95.2% compared to the second quarter of last year. The increase in revenue was driven by increased patient demand in Canada, sales to other Licensed Producers and international sales.
Total kilogram equivalents sold increased 745 kilograms to 1,514 kilograms, or 97%, compared to the prior year.
Average net selling price per gram increased from $6.20 to $6.38 (C$8.12 to C$8.36) for the three months ended June 30, 2017 and 2018, respectively. The increase was primarily due to growth in higher potency product and extract sales, partially offset by an increase in wholesale revenues.
Net loss for the quarter was $12.8 million compared to $2.4 million for the second quarter of 2017. Net loss includes non-cash stock compensation charges of $5.6 million compared to a $35 thousand charged in the prior year period. Adjusted EBITDA was a loss of $4.7 million compared to a loss of $1.9 million the second quarter last year. The increased net loss and Adjusted EBITDA decline was primarily due to the increase in operating expenses related to continued growth, expansion of international teams, and costs related to financing and the initial public offering (“IPO”).
Business Highlights in 2018 to date:
Successfully completed IPO in July whereby 10.350 million shares of Class 2 Common Stock were sold at an initial price to the public of $17.00 per share. The Company received net proceeds of $163.6 (C$216.9) million after the underwriting discount. Net proceeds will be used to fund the build out of cultivation and processing capacity, repay outstanding principal and interest under the Privateer Holdings debt facilities, and for future acquisitions and working capital.
Prior to the IPO, completed Series A funding of $55.0 (C$69.2) million from leading institutional investors.
Signed agreements to supply cannabis to adult-use consumers in seven Canadian provinces and territories (British Columbia, Manitoba, Nova Scotia, Ontario, Quebec, the Yukon territory and the Northwest Territories).
Entered into a strategic agreement with Sandoz Canada, a division of Novartis, to collaborate on the creation and sale of co-branded and co-developed non-combustible medical cannabis products.
Signed agreement with Shoppers Drug Mart Inc., Canada’s largest pharmacy chain with more than 1,200 pharmacies and expect to supply Tilray products following approval of Shoppers’ application to become a Licensed Producer.
Signed binding letter of intent with Pharmasave, one of Canada’s leading independent pharmacy chains with more than 650 pharmacies, which Tilray anticipates will allow it to supply Pharmasave stores with Tilray products contingent upon a change in laws that permits Canadian pharmacies to distribute medical cannabis to patients.
Completed exports to Argentina, South Africa and the United Kingdom, making Tilray products available in 11 countries on five continents.
Launched High Park Holdings Ltd., Tilray’s wholly owned subsidiary formed to serve the pending adult-use market in Canada with a broad-based portfolio of cannabis brands and products.
Announced the launch of the CANACA™ brand, a new cannabis brand celebrating Canadian roots, values and this historical moment in Canada as the country becomes the world’s first G7 nation to federally legalize cannabis through adult-use legalization.
Announced clinical study results of Tilray® 2:100 product showed promise in Canada’s first pediatric study of mixed THC/CBD medical cannabis oil for children with drug-resistant epilepsy.
Statistics
Shares Outstanding: 76.5M
Avg Daily Vol: 8.5M
Market Cap: 14.08B
52-Week High: $151.18
52-Week Low: $20.10
Forward PE: NA
Annual Div/Dividend Yield: $0.00 / 0.00%
Annual Rev: 23.1M
Inst Own: 0.0%
1-Month Return: NA
3-Month Return: NA
Next Earnings Report Date: 08/29/2018
Earnings ESP: -0.18
Revenue Per Employee: $85,912
Money Flow Ratio: 1.08%
Profitability
Revenue Growth: 62.5% (Sector Average 3.3%)
Gross Margin: 53.0% (Sector Average 62.4%)
Return on Equity: NA (Sector Average -19.2%)
Net Margin: -52.9% (Sector Average -10.4%)
Debt
Current Ratio: 1.1 (Sector Average 2.9)
Debt-to-Capital: 230.5% (Sector Average 25.8%)
Interest Funding: -12.5% (Sector Average 0.3%)
Interest Coverage: -11.6 (Sector Average -4.7)
Dividend
Dividend Growth: NA (Sector Average 5.5%)
Dividend Payout: NA (Sector Average 66.7%)
Dividend Coverage: NA (Sector Average 2.1)
Dividend Yield: NA (Sector Average 0.00%)
Top Peer Companies
Akcea Therapeutics Inc (AKCA)
Akorn Inc (AKRX)
American Cannabis Company Inc (OTCMKTS: AMMJ)
Amphastar Pharmaceuticals Inc (AMPH)
Aphira Inc (TSE: APH)
Aurora Cannabis Inc (TSE: ACB)
Cambrex Corp (CBM)
CannaRoyalty Corp (CNSX: CRZ)
Canopy Growth Corp (CGC)
Corcept Therapeutics Inc (CORT)
Cronos Group Inc (CRON)
Emergent BioSolutions Inc (EBS)
Hydropothecary Corp (TSE: HEXO)
Innoviva Inc (INVA)
Maricann Group Inc (CNSX: MARI)
Medmen Enterprises Inc (CNSX: MMEN)
MedReleaf Corp (MEDFF)
OPKO Health Inc (OPK)
Pacira Pharmaceuticals Inc (PCRX)
Theravance Biopharma Inc (TBPH)
VIVO Cannabis Inc (ABCCF)
12 Month Price Target
Mean: USD$115.05
High: USD$174.33
Low: USD$90.32
Revenue Growth
Revenue increased to $9.7 (C$12.7) million, up 95.2% compared to the second quarter of last year. The increase in revenue was driven by increased patient demand in Canada, sales to other Licensed Producers and international sales.
Earnings Surprise
Positive (+18.4%)
AMD to hit $48 in 12 months### Company Summary
Advanced Micro Devices, Inc. (AMD) is an American semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. While initially it manufactured its own processors, the company later outsourced its manufacturing, a practice known as fabless, after GlobalFoundries was spun off in 2009. AMD's main products include microprocessors, motherboard chipsets, embedded processors and graphics processors for servers, workstations and personal computers, and embedded systems applications.
AMD is the second-largest supplier and only significant rival to Intel in the market for x86-based microprocessors. Since acquiring ATI in 2006, AMD and its competitor Nvidia have dominated the discrete Graphics Processing Unit (GPU) market.
Lisa Su (born 1969) is a Taiwanese-American business executive and electrical engineer, Ph.D. from MIT in 1994, and the CEO and president of Advanced Micro Devices (AMD). Early in her career, Su worked at Texas Instruments, IBM, and Freescale Semiconductor in engineering and management positions.She is known for her work developing silicon-on-insulator semiconductor manufacturing technologies and more efficient semiconductor chips during her time as vice president of IBM's Semiconductor Research and Development Center.
Su was appointed president and CEO of AMD in October 2014, after joining the company in 2012 and holding roles such as senior vice president of AMD's global business units and chief operating officer. She currently serves on the boards of Analog Devices, Global Semiconductor Alliance and the U.S. Semiconductor Industry Association, and is a fellow of the Institute of Electrical and Electronics Engineers (IEEE). Recognized with a number of awards and accolades, she was named Executive of the Year by EE Times in 2014 and one of the World's Greatest Leaders in 2017 by Fortune.
According to Form 10-Q of AMD filed, AMD is a global semiconductor company with facilities around the world. Within the global semiconductor industry, primarily offering:
* x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and
* server and embedded processors, semi-custom System-on-Chip (SoC) products and technology for game consoles. AMD also licenses portions of intellectual property (IP) portfolio.
AMD's financial results for the second quarter of 2018 demonstrate continued success in the execution of AMD's long-term strategy for sustained growth. Net revenue in the second quarter of 2018 was $1.76 billion, a 53% increase compared to the second quarter of 2017. The year-over-year increase was primarily due to a 64% increase in Computing and Graphics net revenue and a 37% increase in Enterprise, Embedded and Semi-Custom net revenue. The increase in the Computing and Graphics segment net revenue was primarily due to higher sales of AMD's RadeonTM and RyzenTM products. The increase in the Enterprise, Embedded and Semi-Custom segment net revenue was primarily due to higher semi-custom revenue as well as higher EPYCTM server revenue. AMD's operating income for the second quarter of 2018 was $153 million compared to an operating loss of $1 million in the second quarter of 2017. AMD's net income for the second quarter of 2018 was $116 million compared to a net loss of $42 million in the second quarter of 2017.
AMD continued to introduce new products in the second quarter of 2018, including premium notebook AMD Ryzen PRO APUs designed specifically for the commercial market. AMD also announced the availability of four models of AMD's 2nd Generation Ryzen desktop CPUs optimized for gamers, creators and hardware enthusiasts.
Cash, cash equivalents and marketable securities as of the end of the second quarter of 2018 were $983 million, compared to $1.18 billion as of the end of the fourth quarter of 2017.
AMD intends the discussion of financial condition and results of operations that follows to provide information that will assist you in understanding AMD's financial statements, the changes in certain key items in those financial statements from year to year and quarter to quarter, the primary factors that resulted in those changes, and how certain accounting principles, policies and estimates affect AMD's financial statements.
### Statistics
Shares Outstanding: 0.97B
Avg Daily Vol: 100.7M
Market Cap: 31.5B
52-Week High: $32.22
52-Week Low: $9.04
Forward PE: 42.71
Annual Div/Dividend Yield: $0.00 / 0.00%
Annual Rev: 6.9B
Inst Own: 68.1%
1-Month Return: 15.5%
3-Month Return: 45.7%
Next Earnings Report Date: 10/23/2018
Earnings ESP: NA
Revenue Per Employee: $742,133
Money Flow Ratio: 1.04%
### Profitability
Revenue Growth: 40.4% (Sector Average 9.8%)
Gross Margin: 36.1% (Sector Average 38.8%)
Return on Equity: 47.1% (Sector Average 7.1%)
Net Margin: 5.4% (Sector Average 4.9%)
### Debt
Current Ratio: 1.8 (Sector Average 2.9)
Debt-to-Capital: 67.1% (Sector Average 25.9%)
Interest Funding: 18.5% (Sector Average 5.1%)
Interest Coverage: 4.5 (Sector Average 4.2)
### Dividend
Dividend Growth: NA (Sector Average 12.8%)
Dividend Payout: NA (Sector Average 35.8%)
Dividend Coverage: NA (Sector Average 3.8)
Dividend Yield: NA (Sector Average 0.0%)
### Top Peer Companies
Avid Technology, Inc (AVID)
Cabot Microelectronics Corporation (CCMP)
Cirrus Logic, Inc (CRUS)
DIALOG SEMICON (DLGNF)
Diodes Inc (DIOD)
EMC Corp (EMC)
F5 Networks Inc (FFIV)
Falconstor Software Inc (FALC)
Intel Corp (INTC)
International Business Machines Corp (IBM)
Lattice Semiconductor Corporation (LSCC)
Mellanox Technologies, Ltd (MLNX)
Netapp, Inc (NTAP)
Nvidia Corp (NVDA)
Oracle Corporation (ORCL)
PMC Sierra Inc (PMCS)
Unisys Corp (UIS)
### 12 Month Price Target
Mean: $39.01
High: $48.77
Low: $25.13
### Revenue Growth
Approximated quarterly revenue growth compared to the same quarter of the year before are as follows:
Q1 2015: -26.3 %
Q2 2015: -34.7 %
Q3 2015: -25.7 %
Q4 2015: -22.7 %
Q1 2016: -19.2 %
Q2 2016: 9.0 %
Q3 2016: 23.2 %
Q4 2016: 15.5 %
Q1 2017: 33.8 %
Q2 2017: 25.7 %
Q3 2017: 19.0 %
Q4 2017: 18.3 %
Q1 2018: 67.4 %
Q2 2018: 43.7 %
### Earnings Surprise
Positive (+10.3%)
aicody.com
XVG prediction depends on bitcoin though verge is looking reasonably strong.
* could be possible to see a bounce just a little lower from SL1
also keep an eye on the DMI as + (green) looks to be falling closer to - (red) other than that 20ema looks to be close to crossing 50ema will obviously need more volume to push past but i would expect if it does these targets would be possible.
targets
TP1 .247
TP2 .266
TP3 .294
TP4 .329
Sop Loss
SL1 .204
SL2 .165
How to detemine Targets for Pennant BreakoutsThe target for a pennant breakout should be determined by the height of the pennant
In this example the height was 165 pips.
The price reached broke out and reached 161 pips.
Of course, it's not always perfect but it's close enough.
A similar example can be seen in last weeks pennant break out on EURUSD. However, on the EURUSD example, when price broke out it did a retest and then continued to the target. Retest do occur, so be weary of moving your stop too early and then missing the main move
Thanks for reading.