Top Stories http://www.benzinga.com/views/taxonomy/term/138079 en What Were Once Vices Are Now Dividends: A Sinful New ETF http://www.benzinga.com/trading-ideas/long-ideas/17/12/10911357/what-were-once-vices-are-now-dividends-a-sinful-new-etf <p>A sinful new exchange traded fund is here. The <b>AdvisorShares Vice ETF</b> (NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/act#NASDAQ">ACT</a>), which is dedicated to so called sin or vice stocks, debuted earlier this week.</p> <p>The actively managed ACT is managed by Dan Ahrens, managing director and chief operating officer of AdvisorShares, and Rob Parker, the director of capital markets for AdvisorShares.</p> <p>The new ETF &ldquo;employs a fundamental process to select equities in the ETF&#39;s portfolio, which focuses on consistent, steady growth combined with the significant, potential upside of certain emerging companies,&rdquo; according to Maryland-based <a href="https://www.advisorshares.com/fund/act">AdvisorShares</a>.&nbsp;</p> <h3> <b>A Sinful Portfolio</b></h3> <p>About 81 percent of ACT&#39;s portfolio is allocated to alcohol and tobacco stocks, but the ...</p><p><a href=http://www.benzinga.com/trading-ideas/long-ideas/17/12/10911357/what-were-once-vices-are-now-dividends-a-sinful-new-etf alt=What Were Once Vices Are Now Dividends: A Sinful New ETF>Full story available on Benzinga.com</a></p> ACT AdvisorShares DEO MO News PM Sector ETFs STZ XLP New ETFs Top Stories ETFs XLP US81369Y3080 DEO US25243Q2057 MO US02209S1033 PM US7181721090 STZ US21036P1084 ACT Sector ETFs News New ETFs Top Stories ETFs Benzinga Thu, 14 Dec 2017 21:03:01 +0000 ETF Professor 10911357 at http://www.benzinga.com What The FCC's Net Neutrality Repeal Means For You http://www.benzinga.com/news/17/12/10916528/what-the-fccs-net-neutrality-repeal-means-for-you <p>The Federal Communications Commission voted 3-2 Thursday to <a href="https://www.wsj.com/articles/fcc-readies-unwinding-of-net-neutrality-regime-1513247401">kill net neutrality rules</a> previously requiring internet service providers to treat online traffic equally.</p> <p>Telecommunications and cable firms &mdash; <strong>Verizon Communications Inc.</strong> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/vz#NYSE">VZ</a>), <strong>AT&amp;T Inc. </strong>(NYSE: <a class="ticker" href="http://www.benzinga.com/stock/t#NYSE">T</a>), <strong>Sprint Corp</strong> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/s#NYSE">S</a>), <strong>T-Mobile US Inc </strong>(NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/tmus#NASDAQ">TMUS</a>), <strong>Comcast Corporation </strong>(NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/cmcsa#NASDAQ">CMCSA</a>) and <strong>DISH Network Corp</strong> (NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/dish#NASDAQ">DISH</a>) &mdash; can now prioritize online activities and charge more based on bandwidth use and traffic.</p> <p>For example, bandwidth-exhaustive video streaming off <strong>Netflix, Inc. </strong>(NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) may now cost more than accessing text off <strong>Facebook Inc</strong> (NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/fb#NASDAQ">FB</a>), or speeds for more strenuous activities may slow.</p> <p>Some major players in the online ...</p><p><a href=http://www.benzinga.com/news/17/12/10916528/what-the-fccs-net-neutrality-repeal-means-for-you alt=What The FCC&#039;s Net Neutrality Repeal Means For You>Full story available on Benzinga.com</a></p> Brendan Carr CMCSA DISH FB FCC GOOG GOOGL Michael O'Reilly net neutrality News NFLX Open Internet Order S T TMUS VZ Legal Top Stories Tech CMCSA US20030N1019 DISH US25470M1099 GOOG US38259P7069 NFLX US64110L1061 S US85207U1051 T US00206R1023 VZ US92343V1044 FB GOOGL US38259P5089 TMUS US8725901040 News Legal Top Stories Tech Benzinga Thu, 14 Dec 2017 19:16:13 +0000 Elizabeth Balboa 10916528 at http://www.benzinga.com Natural Gas: Morgan Stanley's 2018 Outlook http://www.benzinga.com/analyst-ratings/analyst-color/17/12/10915534/natural-gas-morgan-stanleys-2018-outlook <p><a href="https://www.reuters.com/article/us-global-oil/rising-u-s-output-pulls-oil-prices-back-from-session-highs-idUSKBN1E805N">Oil prices </a>have drifted higher in the second half of 2017 on news that OPEC extended its production cut agreement into 2018. While things may be looking up for oil investors, natural gas investors could be in for another <a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/10/10138924/how-the-bear-thesis-on-nat-gas-is-playing-out">tough year</a>&nbsp;in 2018.&nbsp;</p> <h3> <strong>The Analyst</strong></h3> <p>Morgan Stanley analyst <a href="https://www.tipranks.com/analysts/devin-mcdermott">Devin McDermott </a>reiterated his long-term price projection for natural gas of $2.75. (See McDermott&#39;s track record <a href="https://www.tipranks.com/analysts/devin-mcdermott">here</a>.)&nbsp;</p> <p>The analyst lowered price targets on the following five natural gas stocks:</p> <ul> <li> <strong>Antero Resources Corp </strong>(NYSE: <a class="ticker" href="http://www.benzinga.com/stock/ar#NYSE">AR</a>): Equal Weight rating, target dropped from $22 to $20.</li> <li> <strong>Gulfport Energy Corporation</strong> (NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/gpor#NASDAQ">GPOR</a>): Underweight rating, target dropped from $13 to $11.</li> <li> <p&lt;><strong>Range Resources Corp.</strong> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/rrc#NYSE">RRC</a>): Equal Weight rating, ...</p&lt;></li></ul><p><a href=http://www.benzinga.com/analyst-ratings/analyst-color/17/12/10915534/natural-gas-morgan-stanleys-2018-outlook alt=Natural Gas: Morgan Stanley&#039;s 2018 Outlook>Full story available on Benzinga.com</a></p> Analyst Color AR COG Devin McDermott DGAZ energy stocks EQT GPOR Morgan Stanley Natural Gas Oil RRC SWN UGAZ UNG Specialty ETFs Price Target Commodities Top Stories Markets Analyst Ratings ETFs UNG US9123181102 GPOR US4026353049 COG US1270971039 EQT US26884L1098 RRC US75281A1097 SWN US8454671095 DGAZ UGAZ AR US0434131035 Analyst Color Specialty ETFs Price Target Commodities Top Stories Markets Analyst Ratings ETFs Benzinga Thu, 14 Dec 2017 18:57:17 +0000 Wayne Duggan 10915534 at http://www.benzinga.com Goldman Sachs Sees 40% Upside In GW Pharmaceuticals http://www.benzinga.com/analyst-ratings/analyst-color/17/12/10915339/goldman-sachs-sees-40-upside-in-gw-pharmaceuticals <p>Shares of cannabinoid-focused biotech company <strong> GW Pharmaceuticals PLC- ADR </strong> (NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/gwph#NASDAQ">GWPH</a>) are &quot;on a path to new highs,&quot; according to Goldman Sachs.</p> <h3> <strong>The Analyst</strong></h3> <p>Goldman Sachs analyst Salveen Richter upgraded <a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/10/10125419/what-do-zogenix-drug-study-results-mean-for-gw-pharmace">GW Pharma</a> from Neutral to Buy and lifted her price target to $174, suggesting roughly 40 percent upside from current levels.</p> <h3> <strong>The Thesis</strong></h3> <p>Richter premised the upgrade on five factors, namely clobazam drug-drug interaction data presented at the American Epilepsy Society meeting, positive KOL feedback, compelling Phase 3 efficacy data for <a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/08/9946584/whats-the-difference-between-zynerba-and-gw-pharmas-epil">Epidiolex</a> in Dravet Syndrome, and Lennox-Gaustaut Syndrome, significant demand for off-label use and multiple 2018 pipeline catalysts.</p> <p>Clobazam drug-drug interaction data from Phase 3 studies in DS/LGS presented at the AES meeting held Dec. 1-5 indicated that Epidiolex&#39;s effect is independent and synergistic with clobazam co-therapy, Goldman said.</p> <p>Key opinion leaders are positive on Epidiolex ...</p><p><a href=http://www.benzinga.com/analyst-ratings/analyst-color/17/12/10915339/goldman-sachs-sees-40-upside-in-gw-pharmaceuticals alt=Goldman Sachs Sees 40% Upside In GW Pharmaceuticals>Full story available on Benzinga.com</a></p> Analyst Color Epidiolex Goldman Sachs GWPH Salveen Richter Upgrades Price Target Top Stories Analyst Ratings GWPH Analyst Color Upgrades Price Target Top Stories Analyst Ratings Benzinga Thu, 14 Dec 2017 16:57:27 +0000 Shanthi Rexaline 10915339 at http://www.benzinga.com New Ways To Track Blockchain, Cryptocurrency Hedge Funds http://www.benzinga.com/fintech/17/12/10912488/new-ways-to-track-blockchain-cryptocurrency-hedge-funds <p>Investors looking for ways to track how hedge funds involved with <a href="https://www.benzinga.com/fintech/17/12/10859206/what-is-a-blockchain-and-what-does-it-do">blockchain </a>and the <a href="http://www.benzinga.com/cryptocurrency/">cryptocurrency </a>space are performing have some indexes to consider. Hedge Fund Research, Inc. (HFR), which specializes in analysis of and indexation of hedge funds, introduced this week benchmarks for blockchain and cryptocurrency hedge funds.</p> <p>&quot;The HFR Blockchain Composite Index includes funds that invest directly in blockchain technology, cryptocurrency or other emerging blockchain innovations,&quot;&nbsp;<a href="https://www.hedgefundresearch.com/">according to HFR</a>. &quot;Managers focus on how blockchain technologies have begun to, and will continue to, fundamentally change payments, banking, market trading structure, Internet of things, healthcare, remittances, supply chains, digital identity and more. In addition, key exposure themes include cloud storage, decentralized computing, digital investment platforms, distributed ledger ...</p><p><a href=http://www.benzinga.com/fintech/17/12/10912488/new-ways-to-track-blockchain-cryptocurrency-hedge-funds alt=New Ways To Track Blockchain, Cryptocurrency Hedge Funds>Full story available on Benzinga.com</a></p> Bitcoin Blockchain cryptocurrency Fintech HFR Cryptocurrency Index Long Ideas SMH Specialty ETFs New ETFs Hedge Funds Currency ETFs Top Stories Trading Ideas ETFs General SMH US8166362033 Long Ideas Fintech Specialty ETFs New ETFs Hedge Funds Currency ETFs Top Stories Trading Ideas ETFs General Benzinga Thu, 14 Dec 2017 16:47:45 +0000 ETF Professor 10912488 at http://www.benzinga.com Why Overstock Is The Perfect Storm For This Market http://www.benzinga.com/analyst-ratings/analyst-color/17/12/10912448/why-overstock-is-the-perfect-storm-for-this-market <p>Traders are always on the lookout for a stock that can ride the market momentum in a given sector or business. Based on the way the market is trending in the past month or so, <strong>Overstock.com Inc</strong> (NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/ostk#NASDAQ">OSTK</a>) has major exposure to two of the hottest trends on Wall Street at the moment&mdash;<a href="https://www.benzinga.com/fintech/17/12/10859206/what-is-a-blockchain-and-what-does-it-do">cryptocurrency and </a>retail.</p> <h3> <strong>Bitcoin Ties</strong></h3> <p>Overstock.com made headlines <a href="https://www.coindesk.com/ostk-hodl-overstock-keep-50-bitcoin-payments-investments/">in August</a> when the company announced it would be keeping half of the bitcoin payments it receives as an investment. Overstock.com became one of the first major retailers to accept bitcoin way back in 2014.</p> <p>So far, that decision to hold onto half its bitcoin payments has been a shrewd move for the company. Since Aug. 1, the price of bitcoin has skyrocketed another 535 percent, but DA Davidson analyst Tom Forte recently said there&rsquo;s more to Overstock.com than just bitcoin. Earlier this month, <a href="https://www.benzinga.com/news/17/12/10860280/overstock-theres-more-to-this-stock-than-bitcoin">Forte said</a> Overstock.com&rsquo;s e-commerce platform ...</p><p><a href=http://www.benzinga.com/analyst-ratings/analyst-color/17/12/10912448/why-overstock-is-the-perfect-storm-for-this-market alt=Why Overstock Is The Perfect Storm For This Market>Full story available on Benzinga.com</a></p> AdvisorShares AMZN Analyst Color Bitcoin COST cryptocurrency DA Davidson DPW Eddy Elfenbein GROW OSTK RIOT SRAX TGT TJX Tom Forte WMT XRT Top Stories Analyst Ratings Movers Tech Trading Ideas DPW US2538621069 XRT US78464A7147 AMZN US0231351067 COST US22160K1051 GROW US9029521005 OSTK US6903701018 TGT US87612E1064 TJX US8725401090 WMT US9311421039 SRAX RIOT Analyst Color Top Stories Analyst Ratings Movers Tech Trading Ideas Benzinga Thu, 14 Dec 2017 16:33:40 +0000 Wayne Duggan 10912448 at http://www.benzinga.com Jim Chanos Compares Bitcoin To Beanie Babies: 'It's A Speculative Mania' http://www.benzinga.com/short-sellers/17/12/10915028/jim-chanos-compares-bitcoin-to-beanie-babies-its-a-speculative-mania <p>As far as Jim Chanos is concerned, his hedge fund is different than most.</p> <p>Kynikos investments come not from the budding minds of rookies but from the time-tested partners, themselves. That&rsquo;s because &ldquo;the process is not only analytical &hellip; there&rsquo;s pattern recognition, and that&rsquo;s the stuff you can&rsquo;t teach.&rdquo;</p> <p>Pattern recognition is how Kynikos came to short&nbsp;<strong>Valeant Pharmaceuticals Intl Inc</strong> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/vrx#NYSE">VRX</a>), a firm with a Tyco International-esque story. &ldquo;We had seen this before,&rdquo; Chanos said Wednesday during a <a href="https://www.benzinga.com/news/17/12/10912554/jim-chanos-talks-the-short-seller-strategy-detroits-bright-future">talk in Detroit, Michigan</a>.</p> <h3> <strong>Don&rsquo;t Trust The Word On The Street</strong></h3> <p>It&rsquo;s also how ...</p><p><a href=http://www.benzinga.com/short-sellers/17/12/10915028/jim-chanos-compares-bitcoin-to-beanie-babies-its-a-speculative-mania alt=Jim Chanos Compares Bitcoin To Beanie Babies: &#039;It&#039;s A Speculative Mania&#039;>Full story available on Benzinga.com</a></p> beanie babies Bitcoin cryptocurrency Jim Chanos Kynikos Kynikos Capital Short Sellers VRX Hedge Funds Top Stories Tech General VRX CA91911K1021 Short Sellers Hedge Funds Top Stories Tech General Benzinga Thu, 14 Dec 2017 16:08:14 +0000 Elizabeth Balboa 10915028 at http://www.benzinga.com What The Disney-Fox Deal Means For The Box Office http://www.benzinga.com/analyst-ratings/analyst-color/17/12/10915408/what-the-disney-fox-deal-means-for-the-box-office <p><b>Walt Disney Co</b> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/dis#NYSE">DIS</a>) confirmed Thursday what <a href="https://www.nytimes.com/2017/12/14/business/dealbook/disney-fox-deal.html">investors expected</a>: an agreement to acquire entertainment and media properties from <b>Twenty-First Century Fox Inc</b> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/foxa#NYSE">FOXA</a>).</p> <h3> <strong>The Analyst</strong></h3> <p>Midtown Partners&#39; Rich Tullo.</p> <h3> <strong>The Thesis</strong></h3> <p>The <a href="https://www.benzinga.com/news/17/12/10914176/its-official-disney-to-buy-fox-in-52-billion-deal">combination of Disney and Fox&#39;s assets</a> is &quot;potentially powerful&quot; and &quot;look like an NBA super team on paper,&quot; Tullo said in a note. While Tullo doesn&#39;t cover either company on a research basis, the analyst offered some of the following thoughts:</p> <ul> <li> The combined entity could be ...</li></ul><p><a href=http://www.benzinga.com/analyst-ratings/analyst-color/17/12/10915408/what-the-disney-fox-deal-means-for-the-box-office alt=What The Disney-Fox Deal Means For The Box Office>Full story available on Benzinga.com</a></p> Analyst Color DIS entertainment FOXA media Midtown Partners News OTT Rich Tullo video streaming M&A Top Stories Analyst Ratings DIS US2546871060 FOXA US90130A1016 News Analyst Color M&A Top Stories Analyst Ratings Benzinga Thu, 14 Dec 2017 15:48:01 +0000 Jayson Derrick 10915408 at http://www.benzinga.com Highlights And Lowlights From Pier 1 Imports' Q3 http://www.benzinga.com/analyst-ratings/analyst-color/17/12/10914345/highlights-and-lowlights-from-pier-1-imports-q3 <p><b>Pier 1 Imports Inc</b> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/pir#NYSE">PIR</a>) reported Wednesday a top and bottom-line miss in its <a href="https://www.bloomberg.com/news/articles/2017-12-13/pier-1-plunges-after-weak-start-to-holiday-season-hurts-forecast">third quarter earnings report</a> along with a disappointing fourth quarter and full year fiscal 2018 guidance.</p> <h3> <strong>The Analyst</strong></h3> <p>KeyBanc Capital Markets&#39; Bradley Thomas maintains a Sector Weight rating on <a href="https://www.benzinga.com/stock/pir">Pier 1 Imports&#39; stock</a> with no assigned price target.</p> <h3> <strong>The Thesis</strong></h3> <p>Pier 1 Imports not only <a href="https://www.benzinga.com/pressreleases/17/12/b10911561/pier-1-imports-inc-reports-third-quarter-fiscal-2018-financial-results">reported an EPS miss</a> but negative comps and &quot;substantial&quot; gross margin erosion, Thomas said in a note. The 0.7 percent comp decrease in the quarter was in-line with management&#39;s forecast of down 2 percent and marks a deceleration on a one-year, but also an acceleration on a ...</p><p><a href=http://www.benzinga.com/analyst-ratings/analyst-color/17/12/10914345/highlights-and-lowlights-from-pier-1-imports-q3 alt=Highlights And Lowlights From Pier 1 Imports&#039; Q3>Full story available on Benzinga.com</a></p> Analyst Color Bradley Thomas Earnings holiday sales KeyBanc Capital Markets News PIR retailers Top Stories Analyst Ratings PIR US7202791080 News Analyst Color Earnings Top Stories Analyst Ratings Benzinga Thu, 14 Dec 2017 15:37:59 +0000 Jayson Derrick 10914345 at http://www.benzinga.com On This Day In Market History: The Panic Of 1825 http://www.benzinga.com/general/education/17/12/10915048/on-this-day-in-market-history-the-panic-of-1825 <p><em>Each day, Benzinga will take a look back at a notable market-related moment that happened on this date.</em></p> <h3> <strong>What Happened?</strong></h3> <p>On this day 192 years ago, a stock market crash attributed to what many economists call the first modern economic crisis took place in England.</p> <h3> <strong>Where Was The Market?</strong></h3> <p>Across the pond in the U.S., the S&amp;P 500 index and the Dow Jones Industrial Average did not yet exist, and the New York Stock &amp; Exchange Board, which would become the NYSE, was only eight years old at the time.</p> <h3> <strong>What Else Was Going On In The World?</strong></h3> <p>In the U.S. ...</p><p><a href=http://www.benzinga.com/general/education/17/12/10915048/on-this-day-in-market-history-the-panic-of-1825 alt=On This Day In Market History: The Panic Of 1825>Full story available on Benzinga.com</a></p> DIA SPY The Panic Of 1825 this day in market history Education Top Stories Markets General DIA US78467X1090 SPY US78462F1030 Education Top Stories Markets General Benzinga Thu, 14 Dec 2017 15:08:57 +0000 Wayne Duggan 10915048 at http://www.benzinga.com Begging For Bitcoin ETFs Intensifies Amid Futures http://www.benzinga.com/trading-ideas/long-ideas/17/12/10912230/begging-for-bitcoin-etfs-intensifies-amid-futures <p>Bitcoin futures Sunday made their <a href="https://www.benzinga.com/fintech/17/12/10892063/cboe-launches-bitcoin-futures-heres-how-to-trade-them">long awaited debut on the <strong>Cboe Futures Exchange</strong></a>. It&#39;s expected futures on the volatile digital currency will launch on <strong>CME </strong>on Dec. 18 with Nasdaq following suit sometime in 2018.</p> <p>All the hoopla surrounding the U.S. debut of bitcoin futures has renewed fanfare regarding when exchange-traded products, including exchange-traded fund based on the <a href="https://www.benzinga.com/general/education/17/08/9953629/cryptocurrency-mining-what-it-is-how-it-works-and-whos-making-money-">cryptocurrency </a>will debut. In the U.S., fund investors currently lack a viable bitcoin avenue aside from the <strong>Bitcoin Investment Trust</strong> (OTC: <a class="ticker" href="http://www.benzinga.com/stock/gbtc#OTC">GBTC</a>). That $1.69 billion product represents 0.09 bitcoin per share.</p> <p>No one knows for sure when an ETF based on any digital currency will come to market, but some market observers believe a bitcoin ETF could come to life over <a href="http://www.etf.com/sections/features-and-news/bitcoin-etf-could-launch-6-months?nopaging=1">the next six months</a>.</p> <h3> <b>Filings Galore</b></h3> <p>Anticipating that futures could pave the way for bitcoin ETF, several issuers have already filed plans ...</p><p><a href=http://www.benzinga.com/trading-ideas/long-ideas/17/12/10912230/begging-for-bitcoin-etfs-intensifies-amid-futures alt=Begging For Bitcoin ETFs Intensifies Amid Futures>Full story available on Benzinga.com</a></p> Bitcoin bitcoin futures cryptocurrency GBTC Long Ideas USO Short Ideas Specialty ETFs Wall Street Journal New ETFs Futures Top Stories Markets Media Trading Ideas ETFs USO US91232N1081 GBTC Long Ideas Short Ideas Wall Street Journal Specialty ETFs New ETFs Futures Top Stories Markets Media Trading Ideas ETFs Benzinga Thu, 14 Dec 2017 14:51:23 +0000 ETF Professor 10912230 at http://www.benzinga.com It's Official: Disney To Buy Fox In $52 Billion Deal http://www.benzinga.com/news/17/12/10914176/its-official-disney-to-buy-fox-in-52-billion-deal <p>As <a href="https://www.benzinga.com/media/cnbc/17/12/10909861/everything-we-know-about-disneys-bid-for-21st-century-fox-assets">expected</a>, <b>Walt Disney Co</b> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/dis#NYSE">DIS</a>) confirmed Thursday it&#39;s entered into an agreement to acquire media and entertainment assets from <b>Twenty-First Century Fox Inc</b> (NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/foxa#NASDAQ">FOXA</a>).</p> <h3> <strong>What You Need To Know</strong></h3> <p>As part of the agreement, Disney will pay Fox&#39;s shareholders $52.4 billion or 0.2745 Disney shares for each 21st Century Fox share they hold to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses.</p> <p>Fox&#39;s shareholders will receive 0.2745 Disney shares for ...</p><p><a href=http://www.benzinga.com/news/17/12/10914176/its-official-disney-to-buy-fox-in-52-billion-deal alt=It&#039;s Official: Disney To Buy Fox In $52 Billion Deal>Full story available on Benzinga.com</a></p> Bob Iger DIS FOXA media movies News tv M&A Top Stories DIS US2546871060 FOXA US90130A1016 News M&A Top Stories Benzinga Thu, 14 Dec 2017 13:16:06 +0000 Jayson Derrick 10914176 at http://www.benzinga.com Jim Chanos Talks The Short-Seller Strategy, Detroit's Bright Future http://www.benzinga.com/news/17/12/10912554/jim-chanos-talks-the-short-seller-strategy-detroits-bright-future <p><a href="https://www.benzinga.com/topic/short-sellers">Short sellers </a>are often characterized as pessimistic, &ldquo;glass-half-empty&rdquo; kind of guys. But Jim Chanos doesn&rsquo;t see it that way. In fact, the way he views his job is almost patriotic.</p> <p>&ldquo;I like to say that short sellers are the ultimate capitalists, because for capitalism to work, you have to allocate capital correctly and you also have to be careful that you don&rsquo;t misallocate it or be subject to fraud,&rdquo; the founder and managing partner of hedge fund Kynikos said Wednesday during a talk in Detroit, Michigan. &ldquo;Short sellers are the only real-time market detectives out there.&rdquo;</p> <p>Chanos sat down with Quicken Loans Chairman <a href="http://www.benzinga.com/topic/dan-gilbert">Dan Gilbert</a> to talk the art of short selling and his insight into to the U.S. economy.</p> <h3> <strong>How To Trade Like Chanos</strong></h3> <p>Kynikos is &ldquo;long America&rdquo; but hedges by shorting &ldquo;nefarious&rdquo; business models and rent seekers.</p> <p>Through the latter method, Chanos helped expose fraud at companies like <a href="https://www.benzinga.com/news/16/12/8765101/enron-declared-bankruptcy-15-years-ago-today">Enron</a> while profiting off financial disasters such as Conseco, Tyco International and Sunbeam. He expects the recent bull market to draw out more such opportunities.</p> <p>&ldquo;The fraud cycle follows the financial cycle with a lag, so that as bull markets progress, people&rsquo;s sense of disbelief drops and they get more and more willing to chase returns and chase too-good-to-be-true ideas,&rdquo; he said. &ldquo;Most frauds at their core are ponzi schemes in effect, and when the market turns down, when people pull back, they pull their money in, they want redemption, and that&rsquo;s when the Madoffs of the world and others have problems.&rdquo;</p> <p>That&rsquo;s his philosophy. As for ...</p><p><a href=http://www.benzinga.com/news/17/12/10912554/jim-chanos-talks-the-short-seller-strategy-detroits-bright-future alt=Jim Chanos Talks The Short-Seller Strategy, Detroit&#039;s Bright Future>Full story available on Benzinga.com</a></p> Dan Gilbert Jim Chanos Kynikos Kynikos Capital MNK News Short Sellers SPY TSLA VRX Short Ideas Events Top Stories Media Trading Ideas SPY US78462F1030 VRX CA91911K1021 TSLA US88160R1014 MNK News Short Sellers Short Ideas Events Top Stories Media Trading Ideas Benzinga Wed, 13 Dec 2017 23:35:53 +0000 Elizabeth Balboa 10912554 at http://www.benzinga.com Want Some Exposure To China's Growth? Stifel Says Buy JD Or Alibaba http://www.benzinga.com/analyst-ratings/analyst-color/17/12/10910245/want-some-exposure-to-chinas-growth-stifel-says-buy-jd- <p>China is without any doubt the largest eCommerce market in the world with the <a href="http://fortune.com/2017/06/26/china-alibaba-jack-ma-retail-ecommerce-e-commerce-new/">two biggest players</a> being <b>Alibaba Group Holding Ltd</b> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/baba#NYSE">BABA</a>) and <b>JD.Com Inc(ADR)</b> (NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/jd#NASDAQ">JD</a>).</p> <h3> The Analyst</h3> <p>Stifel&#39;s Scott Devitt resumed coverage of <a href="https://www.benzinga.com/stock/jd">JD&#39;s stock</a> with a Buy rating and $48 price target and reaffirmed <a href="https://www.benzinga.com/stock/baba">Alibaba&#39;s stock</a> with a Buy rating with an unchanged $210 price target.</p> <h3> The Thesis</h3> <p>The Chinese eCommerce market is expected to exceed $1 trillion worth of sales by 2019, which bodes well for the two largest players, Alibaba and JD.com, Devitt said in a note. Both companies are &quot;well-managed and well-positioned leaders&quot; and managed to effectively <b>Amazon.com, Inc.</b> (NASDAQ: ...</p><p><a href=http://www.benzinga.com/analyst-ratings/analyst-color/17/12/10910245/want-some-exposure-to-chinas-growth-stifel-says-buy-jd- alt=Want Some Exposure To China&#039;s Growth? Stifel Says Buy JD Or Alibaba>Full story available on Benzinga.com</a></p> AMZN Analyst Color BABA China China eCommerce ecommerce JD Scott Devitt Stifel Top Stories Analyst Ratings AMZN US0231351067 BABA JD Analyst Color Top Stories Analyst Ratings Benzinga Wed, 13 Dec 2017 20:29:05 +0000 Jayson Derrick 10910245 at http://www.benzinga.com Now This: 4X-Leveraged Currency ETNs http://www.benzinga.com/trading-ideas/long-ideas/17/12/10906567/now-this-4x-leveraged-currency-etns <p>It was probably just a matter of time before an exchange-traded funds issuer tried its hand at quadruple-leveraged products. That time is now.</p> <p>On Tuesday, <b>Janus Henderson Plc&#39;s </b>(NYSE: <a class="ticker" href="http://www.benzinga.com/stock/jhg#NYSE">JHG</a>) VelocityShares unit launched a suite of 10 quadruple-leveraged currency exchange-traded notes.</p> <p>Like ETFs, ETNs trade on exchanges and track indexes. However, ETNs are different vehicles because they are debt instruments backed by a bank or other financial institution. That means ETN investors can be vulnerable to deteriorating financial conditions at the issuing bank, including credit ratings downgrades and defaults. <b>Citigroup Inc.</b> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/c#NYSE">C</a>) is the issuer behind the new VelocityShares ...</p><p><a href=http://www.benzinga.com/trading-ideas/long-ideas/17/12/10906567/now-this-4x-leveraged-currency-etns alt=Now This: 4X-Leveraged Currency ETNs>Full story available on Benzinga.com</a></p> C JHG Long Ideas Short Ideas Specialty ETFs New ETFs Currency ETFs Top Stories Trading Ideas ETFs C US1729674242 JHG Long Ideas Short Ideas Specialty ETFs New ETFs Currency ETFs Top Stories Trading Ideas ETFs Benzinga Wed, 13 Dec 2017 19:49:15 +0000 ETF Professor 10906567 at http://www.benzinga.com