Today’s hot stock of the day is Halozyme Therapeutics (HALO). This pop was due to an announcement that the company has appointed Helen Torey as the new president and CEO of Halozyme Therapeutics. HALO was up 16.60% on the day.
Halozyme Therapeutics is a biopharmaceutical company, which engages in the research, development, and commercialization of human enzymes. Its research focuses on human enzymes that transiently modify tissue under the skin to facilitate the delivery of injected drugs and fluids, or to alter abnormal tissue structures for clinical benefit.
Disclaimer: I currently do not hold the above mentioned investment. I am not looking to add to a position in the above mentioned investment, within the next 30 days. I am not looking to take a short position in the above mentioned investment within the next 30 days.
Today’s stock pick of the day is Morgan Stanley (MS). Morgan Stanley is a financial holding company, which provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide.
Morgan Stanley has positioned itself to perform very well moving forward. Out of the entire major financial institutions it has one of the highest potentials for growth. Currently they are issuing a fairly low dividend. Which currently is $0.20 a year, approximately 0.66%. This will increase drastically over the coming years. This is a good long-term prospect to hold onto. Currently analysts have it placed at between a hold and a buy, as well as they are currently trading at a fair discount valuation to forward PE.
Disclaimer: I currently do not hold the above mentioned investment. I may look to add to a position in the above mentioned investment, within the next 30 days. I am not looking to take a short position in the above mentioned investment within the next 30 days.
Count this as the tweet of the day, because at 2 PM today, this is all that was then talked about. Today the Federal reserve decided to cut their Quantitative Easing (QE) to $75 billion a month from the previous $85 billion. This will start coming in January. The equity market turned much higher based on this move.
The most important thing about the Fed announcement is that the federal funds rate will stay low 0%-.25% “well after” the unemployment rate goes to 6.5%. Based upon projections this means that it will continue into 2016. What this means for you as an investor is that all of your borrowing rates will continue to stay low. So all those trying to borrow to buy houses, all those trying to get student loans, all those borrowing/financing cars, etc will keep those low interest rates.
Sources: WSJ, CNBC, MarketWatch