Wall Street veteran Sam Stovall is warning stock investors the longest bull market on record will end with an epic meltdown.
According to the CFRA chief investment strategist, it's a side effect of an unprecedented business cycle.
"Three conditions: Very long, very high, very expensive," Stovall said Tuesday on CNBC's "Futures Now." "History would imply that be careful because now we're likely to fall into a very deep bear market when it does finally hit with the average decline being close to 40 percent plus."
His latest thoughts came as the Dow was hitting record highs. The blue chip index is now up more than 8 percent this year. The S&P 500 is performing a tad better — up more than 9 percent for 2018.
Since the bull market began on March 9, 2009, the Dow and S&P 500 have soared more than 300 percent each. For now, Stovall doesn't see any near-term signs that the win streak is about to end.
Top 10 Blue Chip Stocks To Buy For 2019: GlobalSCAPE, Inc.(GSB)
Advisors' Opinion:- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers Akorn, Inc. (NASDAQ: AKRX) fell 32.7 percent to $13.25 in pre-market trading after Fresenius terminated its merger deal with Akorn. Chicago Bridge & Iron Company N.V. (NYSE: CBI) fell 15.7 percent to $12.30 in pre-market trading. Subsea 7 confirmed a $7.00 per share proposal to acquire Mcdermott, pending termination of merger agreement with CB&I. Myomo, Inc. (NYSE: MYO) fell 9 percent to $3.65 in pre-market trading after rising 11.39 percent on Friday. Hasbro, Inc. (NASDAQ: HAS) fell 8 percent to $88.36 in pre-market trading after the company reported weaker-than-expected results for its first quarter on Monday. SunPower Corporation (NASDAQ: SPWR) fell 7.1 percent to $9.00 in pre-market trading. Endeavour Silver Corp. (NYSE: EXK) shares fell 5.9 percent to $2.88 in pre-market trading after declining 3.16 percent on Friday. Mattel, Inc. (NASDAQ: MAT) shares fell 5.5 percent to $12.25 in pre-market trading. Valeritas Holdings, Inc. (NASDAQ: VLRX) shares fell 5.1 percent to $2.96 in pre-market trading after rising 76.27 percent on Friday. GlobalSCAPE, Inc. (NYSE: GSB) fell 5.1 percent to $3.57 in pre-market trading. Fresenius Medical Care AG & Co. KGaA (NYSE: FMS) shares fell 4.1 percent to $49.93 in pre-market trading. Oasis Petroleum Inc. (NYSE: OAS) fell 4.1 percent to $9.75 in pre-market trading. SunTrust Robinson Humphrey downgraded Oasis Petroleum from Hold to Sell
Top 10 Blue Chip Stocks To Buy For 2019: John B. Sanfilippo & Son, Inc.(JBSS)
Advisors' Opinion:- [By Logan Wallace]
Legal & General Group Plc increased its position in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,366 shares of the company’s stock after acquiring an additional 1,126 shares during the quarter. Legal & General Group Plc owned about 0.15% of John B. Sanfilippo & Son worth $1,300,000 as of its most recent SEC filing.
- [By Joseph Griffin]
BidaskClub upgraded shares of John B. Sanfilippo & Son (NASDAQ:JBSS) from a hold rating to a buy rating in a research note released on Wednesday.
- [By Stephan Byrd]
WINTON GROUP Ltd acquired a new position in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 21,466 shares of the company’s stock, valued at approximately $1,242,000. WINTON GROUP Ltd owned about 0.19% of John B. Sanfilippo & Son at the end of the most recent quarter.
- [By Ethan Ryder]
John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) CEO Jeffrey T. Sanfilippo sold 8,108 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $71.00, for a total transaction of $575,668.00. Following the completion of the sale, the chief executive officer now directly owns 14,840 shares in the company, valued at approximately $1,053,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
- [By Max Byerly]
John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) shares reached a new 52-week high and low during trading on Wednesday . The stock traded as low as $71.43 and last traded at $70.96, with a volume of 1305 shares trading hands. The stock had previously closed at $69.72.
- [By Max Byerly]
The Hershey (NYSE: HSY) and John B. Sanfilippo & Son (NASDAQ:JBSS) are both consumer staples companies, but which is the better investment? We will compare the two companies based on the strength of their dividends, risk, institutional ownership, analyst recommendations, earnings, valuation and profitability.
Top 10 Blue Chip Stocks To Buy For 2019: Oasis Petroleum Inc.(OAS)
Advisors' Opinion:- [By Lee Jackson]
Oasis Petroleum Inc. (NYSE: OAS) was downgraded to Hold from Buy at Jefferies, with a $14 price target. The Wall Street consensus target is set at $14.56. The shares closed trading on Friday at $12.86.
- [By Jon C. Ogg]
Oasis Petroleum Corp. (NYSE: OAS) was raised to Overweight from Equal Weight with a $19 target price (versus a $12.52 close) at Morgan Stanley.
Old Dominion Freight Line Inc. (NASDAQ: ODFL) was started as Buy at Argus.
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers Akorn, Inc. (NASDAQ: AKRX) fell 32.7 percent to $13.25 in pre-market trading after Fresenius terminated its merger deal with Akorn. Chicago Bridge & Iron Company N.V. (NYSE: CBI) fell 15.7 percent to $12.30 in pre-market trading. Subsea 7 confirmed a $7.00 per share proposal to acquire Mcdermott, pending termination of merger agreement with CB&I. Myomo, Inc. (NYSE: MYO) fell 9 percent to $3.65 in pre-market trading after rising 11.39 percent on Friday. Hasbro, Inc. (NASDAQ: HAS) fell 8 percent to $88.36 in pre-market trading after the company reported weaker-than-expected results for its first quarter on Monday. SunPower Corporation (NASDAQ: SPWR) fell 7.1 percent to $9.00 in pre-market trading. Endeavour Silver Corp. (NYSE: EXK) shares fell 5.9 percent to $2.88 in pre-market trading after declining 3.16 percent on Friday. Mattel, Inc. (NASDAQ: MAT) shares fell 5.5 percent to $12.25 in pre-market trading. Valeritas Holdings, Inc. (NASDAQ: VLRX) shares fell 5.1 percent to $2.96 in pre-market trading after rising 76.27 percent on Friday. GlobalSCAPE, Inc. (NYSE: GSB) fell 5.1 percent to $3.57 in pre-market trading. Fresenius Medical Care AG & Co. KGaA (NYSE: FMS) shares fell 4.1 percent to $49.93 in pre-market trading. Oasis Petroleum Inc. (NYSE: OAS) fell 4.1 percent to $9.75 in pre-market trading. SunTrust Robinson Humphrey downgraded Oasis Petroleum from Hold to Sell - [By Shane Hupp]
Oasis Petroleum Inc. (NYSE:OAS)’s share price traded up 3.9% during trading on Monday . The stock traded as high as $13.85 and last traded at $13.26. 306,129 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 8,402,742 shares. The stock had previously closed at $13.80.
Top 10 Blue Chip Stocks To Buy For 2019: Flexsteel Industries, Inc.(FLXS)
Advisors' Opinion:- [By Ethan Ryder]
Purple Innovation (NASDAQ: FLXS) and Flexsteel Industries (NASDAQ:FLXS) are both small-cap unclassified companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, dividends, risk, earnings, profitability, analyst recommendations and valuation.
- [By Logan Wallace]
Flexsteel Industries, Inc. (NASDAQ:FLXS) hit a new 52-week low during trading on Monday . The stock traded as low as $30.57 and last traded at $30.38, with a volume of 1359 shares. The stock had previously closed at $31.53.
- [By Logan Wallace]
Hooker Furniture (NASDAQ: HOFT) and Flexsteel Industries (NASDAQ:FLXS) are both small-cap consumer discretionary companies, but which is the superior business? We will compare the two businesses based on the strength of their profitability, analyst recommendations, dividends, risk, earnings, valuation and institutional ownership.
Top 10 Blue Chip Stocks To Buy For 2019: Varex Imaging Corporation (VREX)
Advisors' Opinion:- [By Motley Fool Transcribers]
Varex Imaging Corporation (NASDAQ:VREX)Q1 2019 Earnings Conference CallFeb. 05, 2019, 5:00 p.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Brian Orelli]
Shares of Varex Imaging (NASDAQ:VREX) are plunging today, down 27% as of 1:27 p.m. EDT, after the company announced disappointing results for its fiscal third quarter following the closing bell yesterday. Investors are fretting about how a trade war will affect the X-ray component maker's growth prospects.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Varex Imaging (VREX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Prudential Financial Inc. lifted its holdings in Varex Imaging Corp (NASDAQ:VREX) by 2.7% during the 1st quarter, HoldingsChannel reports. The fund owned 63,814 shares of the company’s stock after acquiring an additional 1,700 shares during the quarter. Prudential Financial Inc.’s holdings in Varex Imaging were worth $2,283,000 at the end of the most recent reporting period.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Varex Imaging (VREX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Varex Imaging (VREX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Blue Chip Stocks To Buy For 2019: Scudder Multi-Market Income Trust(KMM)
Advisors' Opinion:- [By Logan Wallace]
Shaker Financial Services LLC trimmed its position in shares of Scudder Multi-Market Income Trust (NYSE:KMM) by 9.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 176,961 shares of the investment management company’s stock after selling 18,837 shares during the quarter. Shaker Financial Services LLC’s holdings in Scudder Multi-Market Income Trust were worth $1,554,000 at the end of the most recent reporting period.
Top 10 Blue Chip Stocks To Buy For 2019: CTI BioPharma Corp.(CTIC)
Advisors' Opinion:- [By Stephan Byrd]
Get a free copy of the Zacks research report on CTI BioPharma (CTIC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Steve Symington]
Nevertheless, several individual stocks failed to keep up. Read on to see why CTI BioPharma (NASDAQ:CTIC), PetMed Express (NASDAQ:PETS), and Pfizer (NYSE:PFE) each slumped today.
- [By Joseph Griffin]
Shares of CTI BioPharma Corp (NASDAQ:CTIC) have received an average recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $7.10.
- [By Brian Feroldi]
In response to the company sharing a clinical update, shares of CTI BioPharma (NASDAQ:CTIC), a clinical-stage biotech focused on blood-related cancers, fell 13% as of 12:05 p.m. EDT on Monday.
Top 10 Blue Chip Stocks To Buy For 2019: PAR Technology Corporation(PAR)
Advisors' Opinion:- [By Max Byerly]
News articles about PAR Technology (NYSE:PAR) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PAR Technology earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 46.8901065500531 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Top 10 Blue Chip Stocks To Buy For 2019: Pimco Corporate & Income Stategy Fund(PCN)
Advisors' Opinion:- [By Max Byerly]
PeepCoin (CURRENCY:PCN) traded down 16.9% against the U.S. dollar during the 24 hour period ending at 23:00 PM Eastern on July 9th. During the last week, PeepCoin has traded 35.9% lower against the U.S. dollar. One PeepCoin coin can currently be bought for $0.0000 or 0.00000001 BTC on popular exchanges including Cryptohub, TradeOgre, Bleutrade and C-Patex. PeepCoin has a total market cap of $619,022.00 and approximately $25,154.00 worth of PeepCoin was traded on exchanges in the last 24 hours.
- [By Shane Hupp]
PeepCoin (PCN) uses the hashing algorithm. Its launch date was September 26th, 2016. PeepCoin’s total supply is 56,576,323,977 coins and its circulating supply is 17,376,323,977 coins. PeepCoin’s official website is dapscoin.com. The official message board for PeepCoin is medium.com/dapscoinofficial. PeepCoin’s official Twitter account is @DAPScoin and its Facebook page is accessible here. The Reddit community for PeepCoin is /r/DAPSCoin.
- [By Joseph Griffin]
PeepCoin (CURRENCY:PCN) traded 70.2% higher against the dollar during the 24-hour period ending at 13:00 PM ET on August 14th. During the last week, PeepCoin has traded 1.4% higher against the dollar. One PeepCoin coin can currently be bought for $0.0000 or 0.00000000 BTC on popular cryptocurrency exchanges including Trade Satoshi, CoinExchange, C-Patex and Cryptopia. PeepCoin has a total market cap of $497,805.00 and $5,648.00 worth of PeepCoin was traded on exchanges in the last 24 hours.
- [By Ethan Ryder]
News stories about PIMCO Corporate & Income (NYSE:PCN) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PIMCO Corporate & Income earned a news impact score of 0.05 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 46.3242910143552 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Top 10 Blue Chip Stocks To Buy For 2019: Trevena, Inc.(TRVN)
Advisors' Opinion:- [By Logan Wallace]
Get a free copy of the Zacks research report on Trevena (TRVN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Paul Ausick]
Trevena Inc. (NASDAQ: TRVN) traded down about 67% Tuesday and posted a new 52-week low of $0.97 after closing Monday at $2.98. The stock’s 52-week high is $3.58. Volume was about 16 times the daily average of around 2.3 million. The company’s opioid injection treatment for pain got a bad review from the FDA which said that the treatment could be abused and may lead to overdoses.
- [By Money Morning Staff Reports]
Before we get to our latest pick, here are last week's top-performing penny stocks:
Penny Stock Sector Current Share Price Last Week's Gain Melinta Therapeutics Inc. (NASDAQ: MLNT) Healthcare $1.74 104.01% Pernix Therapeutics Holdings Inc. (NASDAQ: PTX) Healthcare $0.83 84.40% Top Image Systems Ltd. (NASDAQ: TISA) Healthcare $0.82 59.85% Jason Industries Inc. (NASDAQ: JASN) Healthcare $2.21 58.99% Maxwell Technologies Inc. (NASDAQ: MXWL) Financial $4.66 51.79% Marathon Patent Group Inc. (NASDAQ: MARA) Healthcare $0.52 51.47% Forward Pharma A/S (NASDAQ: FWP) Basic Materials $1.53 43.57% Dixie Group Inc. (NASDAQ: DXYN) Healthcare $1.40 42.86% Trevena Inc. (NASDAQ: TRVN) Services $1.41 39.60% Alliance MMA Inc. (NASDAQ: AMMA) Healthcare $4.95 36.18%Don't Miss Out: The Treasury is sitting on an $11.1 billion cash pile, and a loophole entitles Americans to a sizable portion. Some are collecting $1,795, $3,000, or $5,000 every month thanks to this powerful investment…
- [By Logan Wallace]
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
Get Trevena alerts: Trevena, Inc. (TRVN): Stay Cool with Active Stock: (bitcoinpriceupdate.review) Key Aspects to Watch Out: Trevena, Inc. (TRVN) (connectinginvestor.com) Valuation Review and Technical Analysis of Crocs Inc (CROX) and Trevena Inc (TRVN) (postregistrar.com) Notable Investor’s Alert: Horizon Pharma Public Limited Company, (NASDAQ: HZNP), Trevena, Inc., (NASDAQ: TRVN) (globalexportlines.com) Hot Stock’s Highlights – Trevena Inc (NASDAQ: TRVN) (stockspen.com)Trevena traded up $0.03, hitting $1.81, during mid-day trading on Wednesday, MarketBeat reports. 31,747 shares of the company were exchanged, compared to its average volume of 757,271. The firm has a market cap of $121.66 million, a P/E ratio of -1.50 and a beta of -0.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.11 and a quick ratio of 4.11. Trevena has a twelve month low of $1.34 and a twelve month high of $3.10.
- [By Stephan Byrd]
ILLEGAL ACTIVITY WARNING: “Insider Buying: Trevena Inc (TRVN) CEO Purchases 50,000 Shares of Stock” was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/4136441/insider-buying-trevena-inc-trvn-ceo-purchases-50000-shares-of-stock.html.
- [By Money Morning Staff Reports]
Here are last week's top-performing penny stocks:
Penny Stock Sector Current Share Price Last Week's Gain OncoCyte Corp. (NYSE: OCX) Healthcare $4.98 159.38% Fortress Biotech (NASDAQ: FBIO) Healthcare $2.47 133.02% Trevena Inc. (NASDAQ: TRVN) Healthcare $1.01 86.69% Celldex Therapeutics Inc. (NASDAQ: CLDX) Healthcare $0.58 66.82% Wheeler Real Estate Investment Trust Inc.(NASDAQ: WHLR) Financial $1.80 63.64% Scynexis Inc. (NASDAQ: SCYX) Healthcare $1.13 53.64% Eldorado Gold Corp. (NYSE: EGO) Basic Materials $3.98 47.96% Novus Therapeutics Inc. (NASDAQ: NVUS) Healthcare $4.15 43.60% PHI Inc. (NASDAQ: PHII) Services $4.50 42.14% BioTime Inc. (NYSE: BTX) Healthcare $1.33 41.50%See Now: Our founder just released his No. 1 pick for 2019. Don't miss this. See urgent briefing here…
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