DryShips Announces Bank Update - Up 17% Pre market following insider buying

ATHENS, GREECE -- (Marketwired) -- 12/01/16 -- DryShips Inc. (NASDAQ: $DRYS) (the "Company"), an international owner of drybulk carriers and offshore support vessels, announced today that a company controlled by Mr. George Economou, our Chairman and CEO has become the lender of record under its $85.1 million Syndicated Loan previously arranged by HSH Nordbank. Following this transaction, entities affiliated by Mr. George Economou control the vast majority of our debt outstanding with total aggregate principal amount outstanding of $154.5 million. The remaining debt, of $16.5 million is associated with third party commercial lenders with which we have either reached or are in discussions to reach, an amicable settlement.
Mr. Anthony Kandylidis, Executive Vice President and interim CFO commented:
"We are very excited by the commitment shown by Mr. George Economou to assist DryShips in its efforts to reach an agreement with its financing banks. With more than 90% of our debt now in the hands of our founder, it is safe to conclude that the Company is no longer in any danger from its lenders exercising any of their rights under the Company's existing defaults under their respective loan agreements. We are already in discussions with Mr. Economou to amend the Company's debt and regain compliance. In that respect, we hope to be in a position to announce further positive developments in the near future."

Nutanix reports a solid earnings release - Upgrades & Color

$NTNX Moving higher in the pre market after reporting solid earnings last night. Stock originally traded off $2 after the earnings headline.

Company sees Q2 adjusted EPS (36c)-(35c), consensus (37c)  Nutanix sees Q2 adjusted EPS (36c)-(35c), consensus (37c)

#Nutanix options imply 24.7% move in share price post-earnings, above median historical move



Nutanix should be bought on any weakness, says RBC Capital
RBC Capital analyst Matthew Hedberg says that Nutanix reported "strong" results, and he believes that the company's raised Q2 guidance "looks conservative." The analyst says that any weakness in the stock should be used "as an opportunity to own a disruptive vendor in the cross-hairs of hybrid-cloud computing." He raised his price target on the stock to $38 from $36 and keeps an Outperform rating on the shares.

Nutanix should be bought on weakness, says JMP Securities
After Nutanix reported stronger than expected results, JMP Securities analyst John Lucia says that the results were "positive," and notes that the company's billings jumped 87% year-over-year versus the consensus outlook of 63%. The analyst says that the results show "robust momentum in the hyperconverged market and continued market leadership." He recommends buying the shares on weakness.

Stocks were watching on the desk today

$IIIN Insteel Industries Inc.  will replace Littelfuse in the S&P SmallCap 600 after the close of trading on Monday, November 28. - Trading unchanged with the $SPX Futures off $6

$BAC $C: Watching for a minus to plus play for longs and continued follow thru on post election multi year highs.

$NTNX; Green pre market - Pure Storage, Nutanix among tech M&A targets, Barron's says
Tech newcomers Pure Storage $PSTG, Nimble Storage $NMBL and Nutanix  $NTNX look like possible M&A targets for bigger firms searching for growth and innovation, Barron's contends in a 'Technology Trader' column. Potential buyers of the three companies include HP Enterprise (HPE) and Cisco $CSCO, the publication says. Barron's also names Splunk $SPLK, Veeva $VEEV, Atlassian $TEAM, ServiceNow $NOW, Box $BOX, Rapid7 (RPD), Twilio $TWLO, BlackLine $BL and Impinj $PI as possible takeout targets.

$FCX #Copper futures traded at an extended multi year high overnight $2.75/lb

Tesla up $10 Despite Negative Analyst Comments

Tesla has a rare profitable quarter - Monster beat against analyst expectations (Tesla reports Q3 non-GAAP EPS 71c, consensus 9c) - guides solid-idly with respect to the Model 3 launch. Indicates its going to redefine Uber's model (The largest privately held company known) Yet the street continues to talk down the price as a 20-30% short float remains. 

Tesla quarter not as good as it looks, says JPMorgan  

JPMorgan analyst Ryan Brinkman says Tesla's Q3 earnings report is not as good as it looks. At first glance, the quarter looks like a "very strong beat" across all metrics, Brinkman tells investors in a research note. Tesla, however, reported a $139M benefit from the sale of Zero Emission Vehicle credits versus its guidance for a negligible amount, which alone helped earnings per share by 73c, the analyst contends. Brinkman also sees some "comparability issues" relative to Tesla's reported revenue, gross profit, and net income given the "complicated" change in accounting methodology. The analyst views the quarter as good, just not as good as it looks on the surface. He keeps an Underweight rating on Tesla with a $180 price target. The electric carmaker is up 5%, or $10.16, to $212.40 in pre-market trading.

Goldman sees Tesla's capital needs pushed out until Q3 2017 

Goldman analyst David Tamberrino said Tesla reported a solid Q3 but it is not enough to overcome what he sees as increased risk to the company's capital deployment strategy and uncertainty in 2017 from the Model 3 launch. The analyst now expects Tesla will need to raise capital in Q3 2017 from Q4 2016 previously as the Model 3/gigafactory capex spend is weighted towards 1H 2017. Tamberrino raised his price target on Tesla to $190 from $185 and maintains his Neutral rating.

Oppenheimer remains cautious on Tesla Model 3 ramp  

Following Tesla's Q3 results, Oppenheimer analyst Colin Rusch expects bulls and bears to see support for their theses in this quarter's report. While bulls will point to profitability, cash generation, solid deliveries, and guidance for Model 3 production in 2017, bears will pick apart gross margin, he noted. The analyst is encouraged by the company's improved cash management but remains cautious on the ramp of the Model 3 being slower and more expensive than investors expected weighing on shares. Rusch reiterates a Perform rating on the stock.

Tesla catalysts should drive shares higher, says Baird

Baird analyst Ben Kallo said Tesla beat Q3 estimates across the board and management gave positive commentary. The analyst noted its strong gross margins and improved operational efficiency. He also noted that management said a capital raise may not be necessary for the ramp of its Model 3. Kallo reiterated his Outperform rating and $338 price target on Tesla shares.

Microsoft Trades at Dot Com Bubble Levels - All Time Highs

This is a very good thing for the NASDAQ and overall markets. The last time Softee was at these levels was the peak of my trading career at the end of the gogo 90's. I own a Surface Pro and will definitely be looking forward to the launch of the PRO 5. Their earnings had a size-able beat due to the continued loyalty by big business to their office suite, and developing cloud business.

Pre market range $60.11 to 60.48. Last night ALL TIME HIGHS of $60.75 look to be taken

Disclosure: Long $MSFT

Analyst Action:

Microsoft results point to 'successful' mobile cloud strategy, says Oppenheimer 

Following another "strong" quarter, Oppenheimer analyst Timothy Horan says Microsoft's results point to a "successful" mobile cloud strategy which is set to overlay artificial intelligence and may become a dominant full service cloud/communication service for enterprises. Further, the analyst believes multiple recent partnerships and customer wins as well as the pending release of SQL for Linux in the cloud should help drive solid growth over the next few years. He reiterates an Outperform rating and $62 price target on the shares.

Netflix trading up 20% on a solid earnings beat and guide - Analyst Summary

Netflix is positive on the year now after dropping earlier in the 1st quarter of 2016.

Here are some the analyst upgrades so far pre market:

Netflix price target raised to $138 from $122 at Piper Jaffray 

Piper Jaffray analyst Michael Olson raised his price target for Netflix to $138 saying is "back on track" with its Q3 earnings report. Both domestic and international subscriptions came in above consensus, Olson tells investors in a post-earnings research note. He expects the earnings report to alleviate some concerns around a spike in churn last quarter from the un-grandfathering of the price increase. The analyst keeps an Overweight rating on Netflix.

Netflix price target raised to $133 from $125 at Loop Capital 

Loop Capital analyst David Miller raised his price target for Netflix to $133 saying the company exceeded all of his metrics in Q3. The analyst keeps a Buy rating on the shares.


Netflix price target raised to $140 from $122 at JPMorgan  

JPMorgan analyst Doug Anmuth raised his price target for Netflix to $140 following the company's Q3 results. The stock is up 19%, or $18.84, to $118.64 in pre-market trading. Netflix is almost past its pricing changes and the benefits are starting to show up in the numbers, Anmuth tells investors in a research note. He believes the company's originals are working well, and notes some have global appeal. Anmuth thinks Netflix sets up as a "cleaner story" into 2017 and he reiterates an Overweight rating on the shares.

Guggenheim - Today's ETF IPO

Valvoline - 150 Years Under The Hood

Today's NYSE IPO Valvoline $VVV

The deal range was $20.00-$22.00. BofA/Merrill, Citi and Morgan Stanley acted as joint book running managers for the offering.

Rising wedge on $MGT after selling off 30% last week

I'm checking out the $MGT chart on #Mobile Trader with TD Ameritrade http://www.tdameritrade.com/mobileapp

Hottest oversubscribed ‪#‎IPO‬ of the year up 90% - ‪#‎twillio‬ - Solid long on the open at $23.99 currently trading at $29.20 high. Priced a little to low it seems at $15 - Great deal for investors and traders...

Twilio makes communications easy and powerful. With Twilio's platform, businesses can make communications relevant and contextual by embedding real-time communication and authentication capabilities directly into their software applications. Founded in 2008, Twilio has over 500 employees, with headquarters in San Francisco and other offices in Bogotá, Dublin, Hong Kong, London, Mountain View, Munich, New York City, Singapore and Tallinn.

Weekend Highlights - Stocks we will be watching on the desk Monday

Disney shares remain attractive, Barron's says $DIS
Newmont Mining investors should take profits, Barron's says $NEM
Micron unlikely to improve in near term, Barron's says $MU
LPL Financial may face headwinds from fiduciary rule, Barron's $LPLA $SCHW $AMTD $BLK
Baker Hughes, Halliburton in no-win positions, Barron's says $HAL
World Wrestling Entertainment growth rate questionable, Barron's says $WWEOwens-Illinois shares could rise 25% or more, Barron's says  $OI
Apple shares could return 40% in a year, Barron's says  $AAPL
Seagate shares could return 20% in a year, Barron's says $STX
Toll Brothers shares have 40% upside, Barron's says $TOL
Valeant Dysfunctional NYT's says $VRX

Facebook CRUSHES earnings exp - Today's Upgrades - Levels to Watch

Currently Trading through last nights highs of $107.23 at $109.3 - Creeping ALL TIME HIGHS of $110.65 - Suspect traders sell $AAPL  to buy $FB 

1. Facebook --- RBC Capital Mkts Reiterated OUTPERFORM - Price Target: 160 (from 130)
2. Analyst Actions: Facebook Price Target Raised to $130 at FBR Capital, Reiterated Outperform
3. Facebook price target raised to $145 from $125 at Deutsche Bank

4. Facebook price target raised to $136 from $127 at JPMorgan

5. Facebook price target raised to $170 from $155 at Piper Jaffray

6. Axiom Research increases tgt to $145 from $126. Firm says to buy the stock and hold for the 

longer term

7. Pivotal Research  Tgt is raised to $136 from $134
8. Facebook target raised to $145 from $125 at Deutsche Bank following results (Stock Price: 94.45)
9.Facebook price target raised to $130 from $120 at Stifel

10. Facebook price target raised to $145 from $135 at Jefferies

Disclosure: Short $AAPL Long $FB

Chipotle remains overvalued, could drop 20%, Barron's says

Despite their recent declines, Chipotle shares remain pricey and could drop another 20% on any future health scares, Barron's contends in its 'Follow Up' column, noting that more bad news "seems likely" for the restaurant group.

Friday saw a first solid day down since the retracement off the $400 level - Watching the stock closely this week as its due to report earnings on February 2nd.

$CMG $MCD $SHAK