RIGL Two Upgrades yesterday:
Trading Central upgrades RIGEL PHARMACEUTICALS INC from NEUTRAL to BUY.
Investars Analyst Actions - public – 7:07 PM ET 02/24/2015
ValuEngine upgrades RIGEL PHARMACEUTICALS INC from SELL to HOLD.
Investars Analyst Actions - public – 7:11 AM ET 02/24/2015
Fidelity's 57.4M of investments in ANFI comes from four of their funds.
Do you hold that four Fidelity fund managers did not do their due diligence on ANFI?
Excellent reply,alberk- one I would have done if I had the energy to get riled, lol.
Williamszxz- it's a bio play, idiota.
RIGL It was up 3.10% in regular session and 2.7% in AH, lending credence to the notion it was collecting itself today after the pop on news, yesterday.
Chart-wise, it's in a breakout and am looking for 4.00, st and even 5.
Today's and Upcoming Events
ANFI to announce Q3 earnings Unspecified (Unconfirmed)
Now showing Mar 3 vs Feb 24. Me no know.. but ready.
APT Closed down 3.16% tonight @ 2.76- the one session pump over.
Today's volume was 134K- a paltry 4% of the average daily volume ( 90 DAV)
Zacks Fri, Feb 20, 2015, 10:52 AM EST
(at 9.00 break now- MG)
That is because Amira Nature Foods is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for ANFIin this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 37 cents per share for ANFI, compared to a broader Zacks Consensus Estimate of 34 cents per share. This suggests that analysts have very recently bumped up their estimates for ANFI, giving the stock a Zacks Earnings ESP of 8.82% heading into earnings season.
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that ANFI has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Amira Nature Foods, and that a beat might be in the cards for the upcoming report.