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This Says Our Favorite Biotech Is Off to the Races

Shares of a promising biotech we recommended back in February 2013 – jumped as much as 27% to a three-month high of $14.20 yesterday after the company said a new cancer drug met its main goal in a midstage clinical trial.

Its shares backtracked a bit as the day progressed but still closed 17.6% higher for the session. These shares have advanced 361% since we first told you about them. The stock has generated a peak gain of 456%, making it one of the 31 recommendations we’ve made to you that have doubled or better since we launched Private Briefing in August 2011. (More on that later…)

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    Staples Inc. (Nasdaq: SPLS) Store Closings Part of an Ugly Trend

    Staples Nasdaq SPLS

    The news that Staples Inc. (Nasdaq: SPLS) plans to close 225 stores illustrates a grim trend in retail that will accelerate over the next couple of years.

    The store closings are expected to save Staples $500 million by the end of 2015 and represent 12% of the office supply chain's 1,846 North American stores.

    Title: staples nasdaq spls - Description: staples nasdaq spls"Our customers are using less office supplies, they're shopping less often in our stores and more online, and their focus on value has made the marketplace even more competitive," Staples Chief Executive Officer Ronald Sargent said.

    The announcement on store closings came amid a disappointing Q4 earnings report. The company's earnings per share of $0.33 were well below expectations of $0.39. Revenue slipped 11% to $5.87 billion, which also missed expectations.


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  • Staples

  • Buy, Sell or Hold: Out of Staples (Nasdaq: SPLS) Staples (Nasdaq: SPLS) has increased a whopping 40% this year, but Money Morning analyst David Mamos warns these gains are in danger.

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  • We Want to Hear From You: Are Retailers' Stimulus Measures Persuading You to Spend? Faced with a wheezing economy that can't seem to heal, big U.S. retailers like Target Corp. (NYSE: TGT) and Office Depot Inc. (NYSE: ODP) are creating their own stimulus measures to lure hesitant shoppers back into stores.

    Through such tactics as loan programs, credit card rebates and gift card giveaways, top retail chains are rolling out promotional strategies, hoping to break consumers out of their anti-spending doldrums.

    "A lot of the government programs have come to an end," David Bassuk, an expert from financial consultancy AlixPartners, told The New York Times. "So retailers are taking it upon themselves to do everything they can to get the consumer to spend, even opening up their wallets to give money back to the consumer."

    Sam's Club is taking an unusual approach: It's offering loans of $5,000 to $25,000 to its members, backed by the Small Business Administration. Superior Financial Group is managing the loans and will give Sam's members a $100 discount on the loan application fee and lower interest rates.

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