Every family has a Thanksgiving tradition. Once the dishes have been cleared and dessert has been eaten, my family always goes to see a movie. Some families get up early on the morning of turkey day, just to watch the Thanksgiving-Day Parade, and see how those massive floats effortlessly fly down the streets of New York City. Then, we have the unique group of people, at least in America, that grab their sleeping bags, tents, protein bars, and outdoor folding seats, and head to the nearest Best Buy (BBY) or Target (TGT) to beat out other consumers ahead of Black Friday.
The term “Black Friday” dates back to 1869, when two Wall Street financier, Jay Gould, and Jim Fisk, tried to drive up the price of gold by purchasing as much gold as they could get their hands on, ultimately sending the market into free-fall and bankrupting every investor in the space. Sometime later, the term has become synonymous with the retail frenzy that ensues on the Friday after Thanksgiving. The nation’s most popular retail stores, from Target (TGT) to Apple (AAPL), all offer some sort of deal on this day, and in recent years, online marketplaces like Amazon (AMZN) have sought to get a piece of the action.
Over the last few years, the Black Friday tradition has permeated the retail culture of the U.K. and parts of Europe, and Amazon (AMZN) reportedly hired thousands of seasonal workers to meet the demands of customers around the world during the upcoming holiday season. According to CNBC, U.K. consumers have already purchased 100,000 toys and 60,000 beauty items, just in the waking hours of Black Friday.
However, many Amazon (AMZN) employees are not enthused nor excited for the biggest shopping day of the year, and even after CEO Jeff Bezos announced the company’s plan to increase its miming wage to $15/hr. To put this wage increase in perspective, two of Amazon’s (AMZN) key competitors, Target and Walmart, reportedly pay their employees a minimum of $11/hr. Well, hundreds from the Amazon (AMZN) beehive decided that they still are suffering from unfair working conditions and plan on organizing walkouts at multiple Amazon locations in support of creating change.
According to Fortune, Amazon (AMZN) worker protests are planned to take place in France, Germany, Poland, and Italy. No matter the location, the motivating idea behind the demonstrations are the same. Amazon (AMZN) employees want everyone to know that they are not robots, and the “inhuman” circumstances under which they work are no longer acceptable.
“People with kids, homes, bills to pay —they’re not robots. Jeff Bezos is the richest bloke [person] on the planet; he can afford to sort this out. You’d think making the workplace safer so people aren’t carted out of the warehouse in an ambulance is in everyone’s interest, but Amazon seemingly have no will to get round the table with us as the union representing hundreds of their staff.”
–Tim Roache, General Secretary, British Trade Union
The demonstrations, according to the beliefs of Amazon employees, will hopefully force users of the company’s website to think about the ramifications of their purchases, outside the scope of simply ordering and receiving products. While Amazon (AMZN) has rolled out drone-delivery as an option for customers in certain parts of the world, warehouse employees are still human and fear that their work is exceedingly becoming dehumanizing. Secretary Roache from the British Trade Union says U.K. Amazon (AMZN) employees are “working people and the communities Amazon operates in deserve better than this. That’s what we’re campaigning for.”
Naturally, Amazon (AMZN) UK responded to today’s protest actions with a statement from one of their many spokespeople:
“All of our sites are safe places to work and reports to the contrary are simply wrong. According to the UK Government’s Health and Safety Executive, Amazon has over 40% fewer injuries on average than other transportation…We encourage everyone to compare our pay, benefits, and working conditions to others and come see for yourself on one of the public tours we offer every day at our centers across the U.K.”
–Amazon U.K. Statement Regarding Black Friday Protests
Acadia (ACAD) Stock Price is up 60% This Month; Bullish Signal For Biotechs?
One sector that has always been a favorite of investors of all varieties is the pharmaceutical sector and all investors like a turnaround story. Over the years, ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) had been one of the better-known strugglers in the industry. That was reflected in the stock price as well. But recent developments have breathed new life in the stock, which could be an indicator for the biotech industry at large.
Biotech Stocks To Watch: PharmaCyte Biotech (PMCB)
There has been no lack of attention on biotech penny stocks this year. At the beginning of August, one small biotech stock broke to highs of over $10 from a starting price below $2 a share after releasing news. PharmaCyte Biotech (PMCB) focuses on ways to effectively deliver treatments to patients with diseases ranging from cancer to diabetes.
The company’s proprietary cellulose-based live-cell encapsulation technology known as “Cell-in-a-Box®is the platform that the company uses to develop its therapy delivery methods. For most of the quarter, shares of PMCB stock have traded between $0.033 and $0.04 with volume recently surging.
On September 12, PharmaCyte saw more than 4 million shares trade; well above its daily average. Most of the attention surrounding the company has been on two things. First, its progress with Cell-In-A-Box and the application for Pancreatic cancer has continued to progress. The company brought on Dr. Manuel Hidalgo, has confirmed that he will be Principal Investigator (PI) for PharmaCyte’s planned clinical trial in locally advanced, inoperable pancreatic cancer (LAPC) now that he is at Weill Cornell Medical Center.
Second, the company has been ramping up for a much-anticipated shareholder update call on September 20. The call will cover PharmaCyte’s preparations for submission of its Investigational New Drug application (IND) to the U.S. Food and Drug Administration (FDA) to treat locally advanced, inoperable pancreatic cancer and developments related to PharmaCyte’s product pipeline on which PharmaCyte has been working and that have not yet been reported in a press release.
Acadia (ACAD) Stock Price: Important Developments
People who had held on to the stock through the barren years got a nice boost recently. This came after Acadia’s well-known medicine Nuplazid recorded better than expected sales. In addition to that, there were encouraging results from a dementia-driven psychosis study. Hence, it is important to figure out whether it is perhaps time to buy the stock.
While the signs are no doubt encouraging, it is important to note that data reveals that around 60,000 people in the United States are diagnosed with Parkinson’s every year. Out of those, a large proportion (50% to 80%) suffers from dementia. Hence it can be argued that the market is simply not too big for Acadia’s Nuplazid.
Moreover, different types of dementia are brought on by Alzheimer’s disease, which is why all of it might not actually fall into Acadia’s lap. That being said, it is also well known that antipsychotic drugs have only been approved for the treatment of Parkinson’s and hence the Alzheimer’s market is already out of the question.
Projections suggest that the sale of Nuplazid could grow to more than $1 billion in 2023 from $224 million in 2018. While that is encouraging, it is also important to note that the growth has been priced into the Acadia stock price.
However, if Acadia’s plans for growth somehow run into any trouble, then there is every chance of the stock price plummeting once again. The company is recovering and there is some time before the patient population for Nuplazid can be expanded sufficiently. In the meantime, investors need to be a bit more patient.
Shares of ACAD are up over 60% over the past week and made a new multi-year high of $43.98.
Advanced Micro Devices (AMD) Stock Price Consolidates After the Recent Rally: What Next?
It sometimes so happens that the price action and activity around a stock reaches a decisive stage, from which it can go only one way or another. In other words, it is the moment when the future of a stock is a straight shootout between the bulls and the bears.
The Advanced Micro Devices, Inc. (NASDAQ:AMD) stock has now reached such a stage according to keen observers and hence the stock is now trading within a very narrow range as the squeeze continues. In such a situation, it is only natural for investors to wonder which way this whole thing is going to go in the short term.
First and foremost, it is important to point out that since Lisa Su took over as the Chief Executive Officer in 2014, AMD has managed to stage a remarkable turnaround. Although the process has been slow, it proved to be highly lucrative for those investors who were patient. The stock has risen steadily over the past three years and rallied from $2 to around $30.
However, at the time, the investors had backed the company’s turnaround but now the story has changed and the turnaround has concluded. The bulls seem to think that the run is going to continue while bears believe that with the conclusion of the turnaround, the stock is all set to fall.
After all, if there is no further upside, then there is no point in holding the stock. This has caused uncertainty in the stock and its price action. Analysts believe that while the turnaround story had resulted in enormous gains for many investors, the stock is now expected to mirror the performance of the broader market. This factor lays credence to the bears’ position and moreover, the small matter of a looming Presidential election needs to be considered as well. Markets are generally flat in the lead-up and hence, analysts believe that although AMD might continue to be range-bound, it is unlikely that it is going to go on a rally.
Stock Price Newsletter – September 18, 2019
4 Penny Stocks Catching Attention This Week
Several economic and sector events have sparked interest in a number of small-cap and micro-cap stocks this week.
Airline Stocks In Focus; Spur Interest In Detection Tech Companies?
The latest mix of attacks and focus on airlines could have a different impact on sectors like weapons detection & defense. What could this mean for stocks to watch this week?
Top Biotech Stocks To Watch This Week
The values of biotech equities, however, do generally start to pick up as the year winds down. The underlying reason is that the latter part of the year is chock-full of key data readouts, regulatory decisions, and thousands of scientific conferences across the globe.
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