NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, Sept. 20:
1. -- U.S. stock futures were pointing slightly down Friday while European and Asian stocks traded mostly lower following the Federal Reserve's surprise decision earlier this week not to scale back on its stimulus for the U.S. economy.
Japan's Nikkei 225 index fell 0.2% to close at 14,742.42 on Friday.
2. -- The economic calendar in the U.S. Friday is bare. 3. -- U.S. stocks on Thursday finished mixed as investors processed a barrage of economic data a day after the S&P 500 reached new highs driven by the Federal Reserve's pledge to maintain its $85 billion a month bond-buying program pending stronger evidence of a healthy U.S. economy. The S&P 500 fell 0.2% to 1,722.34 while the Dow Jones Industrial Average declined 0.3% to 15,636.55. The Nasdaq rose 0.2% to 3,789.38. 4. -- Apple's (AAPL) new iPhone 5s and iPhone 5c went on sale midnight Friday online and will be available in Apple stores at 8 a.m. local time. Both phones will be available in the U.S., Australia, Canada, China, France, Germany, Hong Kong, Japan, Puerto Rico, Singapore and the U.K. Wireless carriers and other retailers plan to sell the devices as well. It's the first time Apple is releasing two different iPhone models at once. The 5s is $199 with a two-year contract, includes a fingerprint sensor, a better camera and a faster processor. The 5s costs $100 more than the 5c, which has a few more extras than last year's iPhone 5. 5. -- Warren Buffett, when asked in a CNBC interview who should be the next Fed chairman, said he would have asked Ben Bernanke to stay in the job. "When you have a .400 hitter in the lineup you don't take him out," Buffett said in the interview. "He may want to leave, but I think he's done -- since the panic of five years ago -- I think he's done a terrific job. And I think he ought to get a little bit more of a chance to play out the hand," Buffett said. 6. -- Empire State Realty Trust, the real estate investment trust with the Empire State Building as its centerpiece, plans to launch an initial public offering of 71.5 million shares at $13 to $15 apiece, according to a regulatory filing on Thursday, Reuters reported. The shares are expected to price on Oct. 1, a source familiar with the matter told Reuters. 7. -- Vornado Realty Trust (VNO) agreed to sell its remaining 13.4 million J.C. Penney (JCP) shares. At a recent conference, Vornado's Chief Administrative Officer Joseph Macnow said the REIT expected to exit its investment in J.C. Penney "in the not-too-distant future," according to a regulatory filing last week. Shares of J.C. Penney fell 2.3% on Thursday to $13.14.
Best Warren Buffett Stocks To Buy For 2014: Quantum Energy Ltd (QTM.AX)
Quantum Energy Limited, together with its subsidiaries, engages in the manufacture and distribution of energy saving hot water, heating, and cooling systems for residential and commercial markets in Australia and internationally. It provides solar power systems, hot water heaters, and pool heaters, as well as commercial and industrial building heaters. The company is also involved in the distribution of medical products primarily in the field of nuclear medicine. Quantum Energy Limited is based in Alexandria, Australia.
Best Warren Buffett Stocks To Buy For 2014: L'espresso(ESPI.MI)
Gruppo Editoriale L'Espresso SpA, a multimedia company, together with its subsidiaries, engages in the publishing, radio, advertising, Internet, and television (TV) businesses in Italy. It publishes la Repubblica, a national daily newspaper; and weekly supplements comprising Affari& Finanza, which offers business/finance content; Il Venerdi to provide information on lifestyle and TV programming; D - La Repubblica delle Donne for women; and Trova Roma and Tutto Milano, which are entertainment and leisure local guides, as well as monthly supplements, such as XL for young people and Velvet that provides content on fashion. The company also publishes L'Espresso, a weekly newsmagazine; monthly magazines, including National Geographic Italia, Le Scienze, and Mente & cervello; bimonthly magazines comprising Limes and MicroMega; Le Guide dell?Espresso, an annual guide to restaurants, hotels, and wines; and 17 local daily newspapers and a three-weekly paper. In addition, it operat es three national commercial radio stations, including Radio Deejay, Radio Capital, and Radio m2o; and Deejay TV, a national analog uncoded and digital terrestrial channel; My Deejay, a multimedia social network satellite TV channel; Repubblica TV, an Internet/digital terrestrial channel; and Ondalatina, a satellite TV channel of Latin music. Further, the company offers radio and video broadcasting contents, Web solutions, and services to private companies, as well as information, data banks, case studies, and original analyses and research services. Gruppo Editoriale L'Espresso SpA is headquartered in Rome, Italy.
Hot Cheap Stocks For 2014: Imperial Tobacco Grp(IMT.L)
Imperial Tobacco Group PLC engages in the manufacture, marketing, distribution, and sale of tobacco and tobacco-related products worldwide. Its products include cigarettes, fine cut tobacco, cigars, snus, tubes, filters, and rolling paper products, as well as roll your own, make your own, and pipe tobaccos. The company sells its products under various brand names, such as Davidoff, Gauloises Blondes, West, JPS, Fortuna, Redline, JPS Red, Ducados Rubio, Nobel Style, Rave, USA Gold, Sonoma, Route 66, Cohiba, Montecristo, JPS Silver, Windsor Blue, Knox, Skruf, Davidoff, Gauloises Blondes, Backwoods, Lambert & Butler, Golden Virginia, and Gold Leaf. Imperial Tobacco Group PLC also provides logistics services for tobacco product manufacturers, as well as to various customers in the convenience, telecommunications, transportation, pharmaceutical, publishing, and lottery sectors. The company was founded in 1901 and is based in Bristol, the United Kingdom.
Best Warren Buffett Stocks To Buy For 2014: LaPorte Bancorp Inc.(LPSB)
LaPorte Bancorp, Inc. operates as the holding company for the The LaPorte Savings Bank, which provides commercial banking services to individuals and small businesses. The company?s deposits include savings accounts, health savings accounts, NOW accounts, checking accounts, money market accounts, certificates of deposit, and IRAs, as well as commercial checking accounts for businesses. Its lending portfolio includes one to four family residential loans, mortgage warehouse loans, commercial real estate loans, construction and land loans, commercial loans, home equity loans and lines of credit, and consumer and other loans. The company also offers trust services. It operates through eight branches in LaPorte and Porter Counties, Indiana. The company is based in LaPorte, Indiana. LaPorte Bancorp, Inc. operates as a subsidiary of LaPorte Savings Bank, MHC.
Best Warren Buffett Stocks To Buy For 2014: BioCryst Pharmaceuticals Inc.(BCRX)
BioCryst Pharmaceuticals, Inc., a biotechnology company, designs, optimizes, and develops small-molecule pharmaceuticals that block key enzymes involved in infectious diseases, cancer, and inflammatory diseases. It uses structure-based drug design, which incorporates multiple scientific disciplines, including biology, crystallography, medicinal chemistry, and computer to develop new therapeutic candidates. The company has three novel late-stage compounds in development, which include Peramivir, a neuraminidase inhibitor for the potential treatment of influenza; BCX4208, a purine nucleoside phosphorylase (PNP) inhibitor for gout; and Forodesine, a PNP inhibitor for cutaneous T-cell lymphoma (CTCL) and chronic lymphocytic leukemia (CLL). Peramivir is being developed under a contract from the Biomedical Advanced Research and Development Authority within the United States Department of Health and Human Services. Forodesine has been granted orphan drug status by the FDA for thr ee indications, which include T-cell non-Hodgkin?s lymphoma, including CTCL; CLL and related leukemias, including T-cell prolymphocytic leukemia, adult T-cell leukemia, and hairy cell leukemia; and for treatment of B-ALL. The FDA has also granted fast track status to the development of forodesine for the treatment of relapsed or refractory T-cell leukemia, and special protocol assessment from the FDA for forodesine to conduct a pivotal clinical trial in CTCL with an oral formulation. The company announced the initiation of a Phase 2b study of BCX4208 as add-on therapy in gout patients who have not responded to allopurinol therapy alone. BioCryst Pharmaceuticals utilizes crystallography and structure-based drug design to discover additional compounds and to progress others through pre-clinical and early development to address the unmet medical needs of patients and physicians. The company was founded in 1986 and is headquartered in Durham, North Carolina.
Advisors' Opinion:- [By Monica Gerson]
BioCryst Pharmaceuticals (NASDAQ: BCRX) shares gained 5.98% to $6.91 in the pre-market session after the company has been awarded contract by the National Institute of Allergy and Infectious Diseases to develop BCX4430 for the treatment of Marburg virus disease.
- [By John Udovich]
While the Twitter IPO has been grabing everyone�� attention, biotech IPOs continue to dominate both biotech and IPO news with Karyopharm Therapeutics Inc (NASDAQ: KPTI) going public yesterday and�Relypsa (NASDAQ: RLYP), TetraLogic Pharmaceuticals (NASDAQ: TLOG), Vital Therapies (NASDAQ: VTL) and Xencor (NASDAQ: XNCR) filing to go public in the near future�(despite the sector producing some�ugly charts�for the month of October) plus�another small cap called TNI BioTech (OTCMKTS: TNIB) has also been producing a steady flow of news:
Karyopharm Therapeutics Debuts. Yesterday, small cap Karyopharm Therapeutics, which is working on a drug that aids the body�� natural tumor-suppressing proteins,�debuted at the top of�its range to raise $109 million in an upsized�offering of 6.8 million shares at $16 apiece with shares closing at $16.81. It should be noted that Karyopharm Therapeutics��lead drug candidate (Selinexor) is in early-stage clinical trials�and the company lost�lost nearly $12.5 million on revenue of $366,000 during the first six months of this year. Biotech IPOs by Region. On an interesting note, Luke Timmerman, the National Biotech Editor of Xconomy, has written a�good�article tracking biotech or life sciences IPOs by region. By his count, Boston is home to eight of the 45 (18%) of the life sciences IPOs this year (its companies have also�raised the most money - about $770 million)�plus�the New York/northern New Jersey region is also home to�eight. San Diego�came in third with six IPOs followed by San Francisco with five while only five of the 45 biotech IPOs�came from outside the�US (Three from Israel and two from Europe). However, the above figures may change as by his account, there are 15 additional biotech companies in line to go public. More Biotechs Set IPO Terms. The small cap biotech space is about to be joined by a few new additions as a couple of biotechs file to go public�over the past�week or so: Relypsa, which is d
Best Warren Buffett Stocks To Buy For 2014: Casual Male Retail Group Inc.(CMRG)
Casual Male Retail Group, Inc., together with its subsidiaries, operates as a specialty retailer of men?s apparel in the United States, Canada, and Europe. It operates its stores under the Casual Male XL, Casual Male XL Outlets, Destination XL, Rochester Clothing, B & T Factory Direct, Shoes XL, and Living XL trade names. The company?s retail stores offer a range of basic sportswear, casual apparel, and dress wear and accessories, as well as a line of its private label collections, such as Harbor Bay, 626 Blue-Vintage Surplus, Synrgy, Oak Hill, and True Nation; casual clothing for the big and tall customers; loungewear, dress shirts, suits, and jeans wear; and luxury-oriented menswear. As of July 25, 2011, it operated 454 Casual Male XL retail and outlet stores, 15 Rochester Clothing stores, and 5 Destination XL stores. The company also operates a direct business, Shoes XL, which includes the shoesXL.com selling men?s footwear; livingxl.com and Living XL catalogs, speciali zing in selling select lifestyle products, such as chairs, outdoor accessories, and travel accessories, as well as bed and bath, and fitness equipment; and online stores for Casual Male XL and Rochester Clothing brands in the European countries, including the U.K., Germany, France, Italy, Spain, Finland, Sweden, Denmark, and the Netherlands. In addition, it offers a selection of apparel, from branded manufacturers, such as Polo Ralph Lauren, Robert Graham, Calvin Klein, Michael Kors, Ermenegildo Zegna, Cutter and Buck, Tommy Bahama, and Paul & Shark. The company was formerly known as Designs, Inc. and changed its name to Casual Male Retail Group, Inc. in August 2002 as a result of the acquisition of Casual Male business from Casual Male Corp. Casual Male Retail Group, Inc. was founded in 1976 and is headquartered in Canton, Massachusetts.
Best Warren Buffett Stocks To Buy For 2014: MS Structured Asset Corp Saturns GE Cap Corp Series 2002-14 (MKS)
MKS Instruments, Inc., together with its subsidiaries, provides instruments, subsystems, and process control solutions that measure, control, power, monitor, and analyze parameters of manufacturing processes worldwide. It offers instruments and control systems, such as pressure measurement and control, materials delivery, gas composition analysis, and control and information technology products. The company also provides power and reactive gas products comprising power delivery, reactive gas generation, processing thin films, and equipment cleaning products; and vacuum products, including vacuum containment components, vacuum gauges, vacuum valves, effluent management subsystems and custom stainless steel chambers, vessels, and pharmaceutical process equipment hardware and housings. Its products are used in the semiconductor processing steps, such as depositing thin films of material onto silicon wafer substrates, and etching and cleaning circuit patterns; manufacture of f lat panel displays, light emitting diodes, solar cells, data storage media, and other coatings, including architectural glass; energy generation and environmental monitoring processes, such as nuclear fuel processing, fuel cell research, greenhouse gas monitoring, and chemical agent detection; medical instrument sterilization; consumable medical supply manufacturing; and pharmaceutical applications. In addition, the company offers maintenance and repair, software maintenance, installation, and training services. It serves semiconductor capital equipment and device manufacturers, thin film capital equipment manufacturers, energy generation, environmental monitoring, and manufacturing companies, as well as government, universities, and industrial research laboratories. The company sells its products primarily through its direct sales force, as well as through sales representatives and agents. MKS Instruments, Inc. was founded in 1961 and is headquartered in Andover, Massachuse tts.
Advisors' Opinion:- [By Namitha Jagadeesh]
Royal Bank of Scotland Group Plc (RBS) slipped 7.2 percent for the worst performance on the FTSE 100. Marks & Spencer Group Plc (MKS) paced a decline among retailers. BT Group Plc (BT/A) climbed 1 percent after Citigroup Inc. raised its recommendation on the shares.
- [By Sofia Horta e Costa]
Marks & Spencer (MKS) Group Plc climbed the most in three weeks after posting sales growth that exceeded projections. Ashmore Group Plc jumped the most in almost 4 1/2 years as the assets under its management increased. Eurasian Natural Resources Corp. dropped 4.7 percent after a report that its chairman has threatened to quit. Evraz Plc declined the most since November 2011 as it refrained from announcing a final dividend for 2012.
Best Warren Buffett Stocks To Buy For 2014: Grande Portage Resources Ltd. (GPG.V)
Grande Portage Resources Ltd., an exploration stage company, engages in the exploration and development of mineral resource properties in the United States and Canada. It primarily focuses on exploration for gold and silver. The company holds an option to acquire 65% interest in the Herbert Glacier gold property located in north of Juneau, Alaska. The company is based in Vancouver, Canada.
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