Innovator Defined Wealth Shield ETF (BATS: BALT)

Innovator Defined Wealth Shield ETF (BATS:BALT), Quote.Headers.trade-ideas

Baltic Trading

Baltic Trading Limited

NYSE

The Fund invests at least 80 percent of its net assets in FLexible EXchange Options (FLEX Options) that reference the SPDR S&P 500 ETF Trust (the Underlying ETF). FLEX Options are exchange-traded options contracts with uniquely customizable terms. Although guaranteed for settlement by the Options Clearing Corporation (the OCC), FLEX Options are still subject to counterparty risk with the OCC and may be less liquid than more traditional exchange-traded options. Due to the unique mechanics of the Funds strategy, the return an investor can expect to receive from an investment in the Fund has characteristics that are distinct from many other investment vehicles. It is important that an investor understand these characteristics before making an investment in the Fund.

Innovator Defined Wealth Shield ETF

Analyst Color

Reiteration

Analyst Ratings

BALT

GOGL

SBLK

How Should You View The Baltic-Genco Merger?

News

Intraday Update

Markets

Movers

AMCN

CYBR

EYES

MIND

PSTR

RGLS

TSLA

Morning Market Gainers

ATRC

Zacks Rank #5 Additions for Monday

BALTO RESOURCES LTD by Balto Resources Ltd.

BALTIC INTL USA INC by Baltic International USA, Inc.

Baltic International USA Inc

Earnings

Baltic Trading Reports Q1 Adj Loss of $0.21/Share vs Loss of $0.16/Share Est.

In a report published Thursday, GMP Securities analyst Magnus Fyhr maintained a Buy rating on Baltic Trading Limited (NASDAQ: <a class="ticker" href="/stock/balt#NASDAQ">BALT</a>), with a price target of $3, following the announcement of the company's merger with Genco Shipping.
Genco Shipping is to acquire Baltic Trading in an all-stock deal, with the shareholders receiving 0.216 Genco shares for every share of BALT. 
In the report GMP Securities noted, "Pro forma, Genco shareholders will control 84.5% of the combined company with the five largest shareholders owning 65% of the shares. The combined company will operate a fleet of 70 ships on a fully delivered basis, including 13 Capesize, eight Panamax, four Ultramax, 21 Supramax, six Handymax, and 18 Handysize vessels."
Following the acquisition, Genco will get a modern fleet and its average fleet age would be reduced by a year to 8.8 years.
Fyhr believes that the merger makes sense in several ways: 
1.	The fleet of the combined company will increase to 68 ships, with two of these scheudled to be delivered in 2015. This would rival the recent combinations of Star Bulk Carriers Corp (NASDAQ: <a class="ticker" href="/stock/sblk#NASDAQ">SBLK</a>) with 98 ships and Golden Ocean Group Limited (NASDAQ: <a class="ticker" href="/stock/gogl#NASDAQ">GOGL</a>) (rated Buy, with a price target of $7) with 77 ships. 
2.	Genco already provides Baltic with fleet management services, and there are significant overlaps in their shareholder bases. 
3.	Baltic's liquidity issues will be addressed by Genco's more robust balance sheet. 
4.	Genco will gain access to Baltic's listing on the NYSE.
"Merger will create another powerhouse in the drybulk sector," Fyhr said, while adding, "While we struggle to find any near-term positive catalysts for the drybulk market, BALT shares trade at a 51% discount to our estimated NAV of $2.75. Even with a 10% haircut on asset values, we estimate BALT's NAV at $2.10/share."

AirMedia Group Inc. (NASDAQ: <a class="ticker" href="/stock/amcn#NASDAQ">AMCN</a>) jumped 41.46% to $2.90. AirMedia Group announced its plans to sell 5% equity interest of its Advertising Business for RMB 150 million.
 Second Sight Medical Products, Inc. (NASDAQ: <a class="ticker" href="/stock/eyes#NASDAQ">EYES</a>) shares gained 21.63% to $15.35 after the company reported the first successful implant of Model of Orion I visual cortical prosthesis.
 Zep, Inc. (NYSE: <a class="ticker" href="/stock/zep#NYSE">ZEP</a>) climbed 17.50% to $20.08 after the company agreed to be acquired by New Mountain Capital for $20.05 per share in cash.
 Regulus Therapeutics Inc. (NASDAQ: <a class="ticker" href="/stock/rgls#NASDAQ">RGLS</a>) rose 11.41% to $17.77 following news that AstraZeneca plc (ADR) (NYSE: <a class="ticker" href="/stock/azn#NYSE">AZN</a>) selected its RG-125 as a clinical candidate.
 PostRock Energy Corporation (NASDAQ: <a class="ticker" href="/stock/pstr#NASDAQ">PSTR</a>) shares jumped 7.52% to $4.68 after jumping 139.01% on Tuesday.
 Inovio Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="/stock/ino#NASDAQ">INO</a>) shares rose 5.73% to $9.60 as the company reported that it has been selected by the DARPA to lead a $45 million program to expedite development of novel products to prevent and treat disease caused by Ebola.
 Mitcham Industries Inc. (NASDAQ: <a class="ticker" href="/stock/mind#NASDAQ">MIND</a>) shares climbed 3.66% to $4.82. Mitcham Industries reported Q4 adjusted loss of $0.32 per share on revenue of $15 million.
 CyberArk Software, Ltd. (NASDAQ: <a class="ticker" href="/stock/cybr#NASDAQ">CYBR</a>) shares gained 3.63% to $61.61 after rising 8.13% on Tuesday.
 Baltic Trading Limited (NYSE: <a class="ticker" href="/stock/balt#NYSE">BALT</a>) shares surged 3.09% to $1.67 after Genco Shipping &amp; Trading announced its plans to acquire Baltic Trading in a stock-for-stock transaction.
 Tesla Motors, Inc. (NASDAQ: <a class="ticker" href="/stock/tsla#NASDAQ">TSLA</a>) shares climbed 3.05% to $209.46. Tesla has started taking orders for new Model S.

GSKNF

UPDATE: Upon Consummation Of Genco, Baltic Trading Transaction, Genco Expects To Have Stock Listed On NYSE

Genco Shipping To Acquire Baltic Trading In A Stock-For-Stock Transaction; 1 Baltic Share=0.216 Genco Shares

Guidance

Dividends

Baltic Trading Doesn't Declare Q4 Dividend, Due to Market Conditions

Global Hunter initiates coverage on Baltic Trading (NYSE: <a class="ticker" href="/stock/balt#NYSE">BALT</a>) with a Accumulate rating.-sources

Global Hunter Initiates Coverage on Baltic Trading at Accumulate

Financing

Baltic Trading Limited Enters Into New $148M Credit Facility

Global Hunter initiates coverage on Baltic Trading (NYSE: <a class="ticker" href="/stock/balt#NYSE">BALT</a>) with a Speculative Buy rating and a $3.00 price target.

Global Hunter Initiates Coverage on Baltic Trading at Speculative Buy, Announces $3.00 PT

Canaccord Genuity upgrades Baltic Trading Limited (NYSE: <a class="ticker" href="/stock/balt#NYSE">BALT</a>) from Hold to Buy.

Upgrades

Canaccord Genuity Upgrades Baltic Trading Limited to Buy

Midway through trading Tuesday, the Dow traded up 0.90 percent to 16,547.92 while the NASDAQ surged 1.68 percent to 4,388.53. The S&amp;P also rose, gaining 1.42 percent to 1,931.06.

	Leading and Lagging Sectors

	In trading on Tuesday, industrials shares were relative leaders, up on the day by about 1.79 percent. Meanwhile, top gainers in the sector included Baltic Trading (NYSE: <a class="ticker" href="/stock/balt#NYSE">BALT</a>), up 14 percent, and Navios Maritime Holdings (NYSE: <a class="ticker" href="/stock/nm#NYSE">NM</a>), up 7.4 percent.

	Non-cyclical consumer goods &amp; services shares rose by just 0.25 percent on Tuesday. Top losers in the sector included The Coca-Cola Company (NYSE: <a class="ticker" href="/stock/ko#NYSE">KO</a>), down 6 percent, and TAL Education Group (NYSE: <a class="ticker" href="/stock/xrs#NYSE">XRS</a>), off 8 percent.

	Top Headline

	McDonald&#39;s (NYSE: <a class="ticker" href="/stock/mcd#NYSE">MCD</a>) reported <a href="http://www.benzinga.com/news/earnings/14/10/4938789/update-mcdonalds-shares-fall-after-downbeat-q3-sales"> downbeat sales </a> for the third quarter.

	The company posted a quarterly profit of $1.07 billion, or $1.09 per share, versus a year-ago profit of $1.52 billion, or $1.52 per share. The latest quarter results included $0.42 per share in negative adjustments. Excluding one-time costs, the company earned $1.52 per share.

	Its revenue declined to $6.99 billion from $7.32 billion. However, analysts were expecting earnings of $1.37 per share on revenue of $7.20 billion.

	Equities Trading UP

	Lexmark International (NYSE: <a class="ticker" href="/stock/lxk#NYSE">LXK</a>) shares shot up 6.96 percent to $42.39 after the company reported better-than-expected profit for the third quarter.

	Shares of Illumina (NASDAQ: <a class="ticker" href="/stock/ilmn#NASDAQ">ILMN</a>) got a boost, shooting up 8.50 percent to $178.45 after the company reported upbeat quarterly earnings and raised its earnings guidance for the full year.

	Harley-Davidson (NYSE: <a class="ticker" href="/stock/hog#NYSE">HOG</a>) shares were also up, gaining 5.77 percent to $61.75 after the company posted better-than-expected earnings for the third quarter.

	Equities Trading DOWN

	Shares of Susser Petroleum Partners LP (NYSE: <a class="ticker" href="/stock/susp#NYSE">SUSP</a>) were down 6.53 percent to $46.55 after the company announced a public offering of 8 million common units representing limited partner interests.

	ARM Holdings plc (NASDAQ: <a class="ticker" href="/stock/armh#NASDAQ">ARMH</a>) shares tumbled 5.75 percent to $39.17 on Q3 results.

	The Coca-Cola Company (NYSE: <a class="ticker" href="/stock/ko#NYSE">KO</a>) was down, falling 6.05 percent to $40.67 after the company posted downbeat Q3 revenue and announced a new cost-cutting plan. The company said and it expected to be below its long-term EPS growth target in 2014 and 2015.

	Commodities

	In commodity news, <a href="http://www.benzinga.com/news/14/10/4937968/brent-rises-on-increased-demand-from-china"> oil traded up 0.10 percent </a> to $82.79, while gold traded up 0.61 percent to $1,252.30.

	Silver traded up 1.36 percent Tuesday to $17.59, while copper rose 1.32 percent to $3.03.

	Eurozone

	European shares <a href="http://www.benzinga.com/news/14/10/4937967/ecb-looks-to-bond-purchases-to-help-economy"> were higher </a> today. The eurozone&rsquo;s STOXX 600 rose 2.12 percent, the Spanish Ibex Index climbed 2.39 percent, while Italy&rsquo;s FTSE MIB Index jumped 2.79 percent. Meanwhile, the German DAX climbed 1.94 percent and the French CAC 40 jumped 2.25 percent while UK shares jumped 1.68 percent.

	Economics

	The ICSC-Goldman Store Sales Index dropped 0.3% in the week ended October 18 versus the earlier week.

	The Johnson Redbook Retail Sales Index rose 0.1% in the first two weeks of October versus September.

	Sales of existing homes climbed 2.4% to an annual rate of 5.17 million in September. However, economists were projecting the sales rate to rise to 5.1 million in September.

Eurozone

Futures

Commodities

Offerings

Econ #s

ARMH

BZSUM

ILMN

SUSP

Harley-Davidson Climbs On Upbeat Earnings; Coca-Cola Shares Dip

Rumors

Lloyd's Reporting Genco Has Hired Bankers to Assess Purchase of Baltic Trading

13D Filing from Centerbridge Capital on Baltic Trading Shows Largely Unch Stake of 14.2%, Had Shown 14.16% Stake as of Mar. 31st

Baltic Trading Spikes Higher on Volume

Of all the sectors ravaged by The Great Recession, shipping was among the hardest hit.

	The ETF for shipping, Guggenheim Shipping (NYSE: <a class="ticker" href="/stock/sea#NYSE">SEA</a>), now under $22.50, was near $30.00 a share in July 2010.

	Shipping stocks such as Baltic Trading (NASDAQ: <a class="ticker" href="/stock/balt#NASDAQ">BALT</a>), Frontier (NYSE: <a class="ticker" href="/stock/fro#NYSE">FRO</a>), Nordic American Tankers Limited (NYSE: <a class="ticker" href="/stock/nat#NYSE">NAT</a>) and many others all plunged, too.

	But now, many are rallying.

	That brings up the natural questions for investors: is it safe to get back in the waters? The answer is &quot;yes.&quot;

	But, is it best to do it by writing covered call options?

	Related Link: <a href="http://www.benzinga.com/general/education/14/06/4640353/time-to-write-covered-call-options-on-bhp-billiton">Time To Write Covered Call Options On BHP Billiton</a>

	Covered call options are when the owners of shares of Baltic Trading, Frontier, Nordic American Tankers and other shipping stocks sell, or &quot;write,&quot; options on the stock.

	Shareholders make money in three ways: by selling the option, pocketing the dividend and then the capital gains if the option is exercised.

	Dr. Joseph Louro, founder of Investview (OTC: <a class="ticker" href="/stock/invu#OTC">INVU</a>), an investor education and financial technology firm, advises that the great majority of options are never exercised.

	That is a major part of what makes writing covered call options a low risk way to profit for shareholders!

	This is ideal for the shipping sector, which still has a great deal of weakness.

	But &quot;Big Money&quot; such as hedge funds, private equity groups and other institutional investors are starting buy shipping assets.

	or individual investors, that creates an ideal opportunity for writing covered call options.

Long Ideas

Options

Trading Ideas

INVU

How To Set Sail With Shippers Guided By Options

<ul>
<li>Star Bulk Carriers with a Buy rating and $20 price target
</li><li>Safe Bulkers with a Buy and $14 target
</li><li>Navios Maritime with a Buy, $14 target
</li><li>Paragon Shipping with a Buy, $12 target
</li><li>Knightsbridge Tankers with a Hold, $13 target
</li><li>Baltic Trading with a Hold, $7 target</li></ul>

Price Target

Initiation

PRGN

VLCCF

Canaccord Genuity Initiated Coverage on Several Dry Bulk Shipping Stocks:

Baltic Trading Limited (NYSE: <a class="ticker" href="/stock/balt#NYSE">BALT</a>) reports Q1 EPS of $(0.06) versus the estimated $(0.01), missing by $0.05. Revenue came in at $13.10M

Baltic Trading Limited Reports Q1 EPS of $(0.06) vs $(0.01) Est; Revenue of $13.10M

Imperial Capital maintains Baltic Trading Limited (NYSE: <a class="ticker" href="/stock/balt#NYSE">BALT</a>) with a Outperform and raises the price target from $7.00 to $8.00.

Imperial Capital Maintains Outperform on Baltic Trading Limited, Raises PT to $8.00

Baltic Trading Limited (NYSE: <a class="ticker" href="/stock/balt#NYSE">BALT</a>) reports Q4 EPS of $0.01. Revenue came in at $14.51M

Baltic Trading Limited Reports Q4 EPS of $0.01; Revenue of $14.51M

Baltic Trading Raises Qtr. Dividend from $0.02 to $0.03/Share

How To Use Buffer And Defined Outcome ETFs To Manage Risk

BAUG

EAPR

FNOV

GJUL

PJUL

TJUL

XCLR

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Innovator Defined Wealth Shield ETF

Overview

Innovator Defined Wealth Shield ETF (BATS:BALT), Quote.Headers.trade-ideas