Small cap specialty pharmaceutical stock Flexion Therapeutics (NASDAQ: FLXN) has elevated short interest of 34.10% according to Highshortinterest.com. Flexion Therapeutics is a specialty pharmaceutical company focused on the development and commercialization of novel, local therapies for the treatment of patients with musculoskeletal conditions, beginning with OA, a type of degenerative arthritis.
A technical chart for Flexion Therapeutics shows volatility and shares in what could be some sort of a wedge pattern:
Back in early October, Flexion Therapeutics hit all time highs afterannouncing that theFDA had approved Zilretta (triamcinolone acetonide extended-release injectable suspension), the first and only extended-release, intra-articular injection for osteoarthritis knee pain.Zilretta is a non-opioid medicine that employs Flexion’s proprietary microsphere technology to provide proven pain relief over 12 weeks. The CEO commented:
Hot Tech Stocks To Buy Right Now: Arc Wireless Solutions Inc.(ARCW)
- [By Jim Robertson]
On Thursday, our Under the Radar Moversnewsletter suggested small cap manufacturing and 3D printing service provider ARC Group WorldWide (NASDAQ: ARCW) as a short trade:
Hot Tech Stocks To Buy Right Now: Facebook, Inc.(FB)
- [By Daniel Sparks]
In one survey, which polled marketers about the attractiveness of Snapchat, Twitter, Facebook (NASDAQ:FB), LinkedIn, Google, Yahoo, AOL, and YouTube, Snapchat’s return on investment (ROI) only outperformed AOL. Facebook led the pack with a score of 6.72 out of a possible eight points — a score that was about twice as high as Snapchat’s. Furthermore, Snapchat only earned marks higher than AOL.
- [By Adam Levy]
Facebook (NASDAQ:FB) doesn’t disclose how much revenue Instagram generates, but if the numbers it does provide are any indication, it’s a lot. Most recently, the company announced it surpassed 1 million active advertisers. That’s up from 500,000 just six months ago and 200,000 around this time last year.
- [By Douglas A. McIntyre]
Shares of once hot Snap Inc. (NYSE: SNAP), operator of Snapchat, fell back to $17, its IPO price. Anxiety about user growth and engagement have hurt the company’s ability to bring in advertising and marketing revenue. Snapchat also has several growing competitors, led by Facebook Inc.’s (NASDAQ: FB) Instagram.
- [By Sreekanth Anasa]
The popular television program CNBC’s “Mad Money” host Jim Cramer suggests investors should think twice before buying into SNAP stock on account of fresh bullish commentary.He states that “If you are buying Snap here, you are paying 28x this year’s sales and 14x next year’s sales, and I just can’t do it.” Jim Cramer has serious reservations about Snap Inc’s profitability and considers there are far better opportunities in the form of Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL) at much lower valuations and those companies are profitable too. He was further concerned by thelack of voting powers for SNAP shareholders. He conceded that the bull analysts were right in their own way for slapping a buy rating on account of the massive growth potential of Snap Inc and the initial sales numbers could be far better than the estimates of its biggest advocates. However, he is wary of Snap’s long-term success as he sees Facebookas a great threat to the SNAP growth story. Time and again, Facebook has been very successful in imitating SNAP features and gaining from it.
- [By WWW.THESTREET.COM]
QQQ is playing catch-up Monday–up $1–and easily is ahead of the other indices. As mentioned in my opening missive below, despite Monday’s strength tech leadership has begun to slip. The overall market, and tech in particular, are overbought. Technology represents 55% of the ETF. QQQ is overvalued by several metrics, trading at nearly 22x earnings, at almost 5x book value, 12x EBITD and 2.9x sales. QQQ is heavily skewed toward Apple (AAPL) (11% of total), Microsoft (MSFT) (8.5%), Amazon (AMZN) (6.5%) and Facebook (FB) (5%). According to my analysis, Apple faces numerous headwinds. The other stocks are extended and seem to be facing resistance near the yearly highs in the last few days. Many investors with low-cost basis on these stocks might have been holding off selling based on the expectation of a lower capital gains tax; there have been plenty of buyers but few sellers. Even non-taxable accounts might have been holding back selling in the knowledge of this. But, before year-end some of those non-taxable accounts (pension plans and foundations, for example) may anticipate early January selling by taxable investors (a 2017 tax event payable in 2018) and begin to liquidate components of QQQ. Any further strengthening in the U.S. dollar could pull the Nasdaq lower–in light of the heavy multi-national exposure of technology.
Position: Short AAPL, QQQ small.
Hot Tech Stocks To Buy Right Now: Autobytel Inc.(ABTL)
- [By Lisa Levin]
Shares of Autobytel Inc. (NASDAQ: ABTL) were down 26 percent to $8.05 as the company posted downbeat Q2 results and lowered its FY17 outlook. Barrington Research downgraded Autobytel from Outperform to Market Perform.
Hot Tech Stocks To Buy Right Now: Progress Software Corporation(PRGS)
- [By Monica Gerson]
Progress Software Corporation (NASDAQ: PRGS) is projected to post its quarterly earnings at $0.29 per share on revenue of $93.15 million.
Sorl Auto Parts, Inc. (NASDAQ: SORL) is expected to post its quarterly earnings at $0.20 per share on revenue of $55.35 million.
- [By Monica Gerson]
General Mills, Inc. (NYSE: GIS) is expected to report its quarterly earnings at $0.60 per share on revenue of $3.86 billion.
Pier 1 Imports Inc (NYSE: PIR) is projected to post a quarterly loss at $0.05 per share on revenue of $420.05 million.
Acuity Brands, Inc. (NYSE: AYI) is estimated to report its quarterly earnings at $2.03 per share on revenue of $847.79 million.
Monsanto Company (NYSE: MON) is projected to report its quarterly earnings at $2.40 per share on revenue of $4.49 billion.
Worthington Industries, Inc. (NYSE: WOR) is expected to report its quarterly earnings at $0.64 per share on revenue of $692.48 million.
Progress Software Corporation (NASDAQ: PRGS) is projected to post its quarterly earnings at $0.29 per share on revenue of $94.64 million.
UniFirst Corp (NYSE: UNF) is estimated to report its quarterly earnings at $1.34 per share on revenue of $366.28 million.
Exfo Inc (NASDAQ: EXFO) is expected to post its quarterly earnings at $0.06 per share on revenue of $60.87 million.
OMNOVA Solutions Inc. (NYSE: OMN) is projected to report its quarterly earnings at $0.14 per share on revenue of $205.40 million.
8Point3 Energy Partners LP (NASDAQ: CAFD) is estimated to post a quarterly loss at $0.01 per share on revenue of $11.60 million.
Park Electrochemical Corp. (NYSE: PKE) is expected to report its quarterly earnings at $0.22 per share on revenue of $35.30 million.
Xplore Technologies Corp. (NASDAQ: XPLR) is projected to post its quarterly earnings at $0.01 per share on revenue of $24.00 million.
Investors Real Estate Trust (NYSE: IRET) is expected to post its quarterly earnings at $0.14 per share on revenue of $56.87 million.
Tel-Instrument Electronics Corp. (NYSE: TIK) is estimated to post earnings for the latest quarter.
Aethlon Medical, Inc. (NASDAQ: AEMD) is expected to post a quarterly loss at $0.20 per share.
Ossen Innovation Co Ltd (ADR) (NASDAQ: OSN) is projected to post ea
- [By Monica Gerson]
Some of the stocks that may grab investor focus today are:
Wall Street expects ConAgra Foods Inc (NYSE: CAG) to report its quarterly earnings at $0.52 per share on revenue of $2.89 billion. ConAgra shares rose 0.17 percent to $47.68 in after-hours trading.
Analysts expect Darden Restaurants, Inc. (NYSE: DRI) to report its quarterly earnings at $1.08 per share on revenue of $1.81 billion. Darden Restaurants shares gained 0.44 percent to $66.25 in after-hours trading.
Progress Software Corporation (NASDAQ: PRGS) reported better-than-expected results for its second quarter on Wednesday. Progress Software shares surged 6.19 percent to $26.75 in the after-hours trading session.
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