Behold! Valeant Updates Guidance $VRX

Valeant Pharmaceuticals has announced their financial guidance for the fourth quarter and year end as well as 2016.

“We are very excited about the strong future given our broad portfolio of brands, our upcoming launch products and our robust R&D pipeline,” said J. Michael Pearson , chairman and chief executive officer. “We believe that we are entering a new era of growth and opportunity as we continue to build and grow our businesses around the world and deliver medicines and products at affordable prices that improve the lives of patients.”

Valeant will be holding a conference call/webcast at 8:00am ET today.

Year-end holiday advanced ticket sales for Star Wars: The Force Awakens have crossed $100 million, which includes $50 to $60 million in sales in advanced ticket sales for the opening weekend. This supposedly is some historic shit in Hollywood. There is worry though that success may not last because December is not typically known for huge opening with everyone too busy mauling each other for a TurboMan doll.

I know I won’t be seeing the movie the day it comes out. Hell, I might not see it until the third week but that’s because I don’t enjoy being around whack jobs. But you can bet your ass I will see it.

If anyone forgot, George Lucas sold the franchise for a crisp $4 billion in 2012, and it’s said that the newest installment could gross upwards of $2.8 billion worldwide. Not bad….

Disney ($DIS) is currently up 0.85% pre-market.

Other names to keep an eye on are Regal Entertainment Group ($RGC), AMC Entertainment Holdings ($AMC), Carmike Cinemas ($CKEC), and Electronic Arts ($EA) who released their Star Wars: Battlefront video game.

Be sure to follow me on Twitter for more market jargon and bull.

Oil is down. Airline traffic is up. But holy shit Southwest Airlines is down almost 9.5%.

Today the company reported its November and Year-to-Year preliminary traffic data.

The Company flew 9.7 billion revenue passenger miles (RPMs) in November 2015, a 13.9 percent increase from the 8.6 billion RPMs flown in November 2014. Available seat miles (ASMs) increased 9.7 percent to 11.7 billion in November 2015, compared with the November 2014 level of 10.7 billion. The November 2015 load factor was a record for the month of November at 83.2 percent, compared with 80.1 percent in November 2014. Based on these results and current trends, the Company estimates its fourth quarter 2015 operating revenue per ASM (RASM) will be approximately flat to down 1.0 percent, compared with fourth quarter 2014. – PRNewswire

Southwest’s competitors: Delta ($DAL), American Airlines ($AAL), and JetBlue ($JBLU) are all down between 2-3% as well

Ahh the holidays. The perfect time to gloat to your extended family about things they have no idea about. Especially a great time to brag about how much money you’ve been making playing the small caps. Few thousand here, couple of hundred there, you’re a smooth operator. Good thing your relatives haven’t the slightest clue about what you’re talking about. So they are in awe of any horse shit you feed them.

Like a good son I took flowers to my mother today. While I was there she told me a quick story about this 23 year old guy, who I guess is my step dad’s new wife’s son or some other non relevant garbage. So this guy was telling his mom about the boatloads of money he made the other day trading a stock. He had bought at $2 and sold at $43. Now the moment this was said I already knew what stock this guy was talking about. Everyone’s favorite showgirl, KBIO. The guy supposedly banked $300k on this trade…more details more details!! From what I have gathered he had no clue that he made this much money. He was trading from his cell phone, which had a shattered screen. So he rather blindly sold what he had and made a mere $300k. Ya know if this is true then good for him. I will be an extremely jealous man, but my instincts tell me that it’s pure bullshit.

“Everyone” on Twitter bought KBIO at $2 after the first initial run and sold it near the top around $43. Who better to brag about this to then people who don’t know enough to call you out on it. I like to think that anyone experienced enough would not go long at $2 until they saw a bit more oomph behind it. I can understand why that guy who lost his shirt shorting KBIO went short, it made sense.

In my own personal opinion, the traders that are making solid money are the ones not talking about how much money they make. They are simply giving their opinions, posting entries and exits, maybe some of their trading wisdom and faults every now and again. The ones bragging about what they’ve done haven’t done jack shit. I don’t like talking about the money I make, especially to family members. They can be the biggest mooches of all.

Or maybe this guy is one of Martin Shkreli’s childhood best friends.

Have they even started looking for insider trading yet?

First off, Happy Thanksgiving everyone. I’m grateful to have money in my accounts, food on my table, family that doesn’t completely annoy me, and that The Godfather is on TV all day.

If you’ve never watched The Godfather movies you need to get your brain checked. I don’t even feel a need to give a summary to the movies because seriously, what’s wrong with you. Anyway watching it this morning while preparing myself to eat my weight in stuffing I took notice to a bold but terrible business move early on in the movie.

Virgil Solazzo, ya know, this piece of shit here..

He had sit-down with Marlon Brando’s character, Vito Corleone, OR THE FUCKING GODFATHER, with a proposition to get into the drug game. The entire reason Solazzo wanted to go into business with Vito is because of all the politicians he carries around in his pocket, “like so many nickels and dimes.”

Vito says no to the guy. So what does Solazzo do? Tries to kill him. Now right there makes no god damn sense to me. The man wanted Vito for his political power. Vito says no. Attempts to kill him to urge the rest of the family to go along with the deal..but but BUT killing Vito would lose the family all of the politicians. So how does this make sense? Can anyone justify this move?

Regardless, watch The Godfather Trilogy today while you’re ignoring your family. It’s on AMC.

With other stores that your wife and kids will be spending all of your hard earned profits at extending their Cyber Monday specials, Bon Ton felt the need to jump in on the action.

Customers can shop Cyber Monday deals Sunday, November 29 through Monday, November 30 and receive $50 off their $100 or more online purchase – Globe Newswire

I for one didn’t know people still gave a shit about Bon Ton but I’ve been wrong before. The news put the stock on radar and should be in play for the next few days.

With a move like this, I am looking for a weak open with a later day move red/green. If another store decides to come out with more online sales, the whole sector could run longer.

Unless ya know…Turkey fucks everyone over again.

Beijing is going to allow their independently owned oil refineries, also known as “teapots,” to sell their goods abroad for the first time starting next year.

While it’s not clear how many teapots will apply for permits, traders estimated it could mean an additional 3 million-5 million tonnes (24 million-40 million barrels) of products will be sold abroad next year, in addition to the roughly 30 million tonnes assigned to the country’s state-owned refiners this year.

The combined exports of about 700,000 barrels per day (bpd) would be equivalent to nearly 7 percent of China’s total oil use. – reported by Reuters

700,000 barrels per day. That’s a lot of barrels!

Currently the only major refiners in China, which are state-owned, that are allowed to sell internationally are Sinopec Corp (SHI:NYSE), and PetroChina (PTR:NYSE)

Not long ago at all Walmart had announced that it would be unveiling it’s Cyber-Monday deals on Sunday rather than the traditional. This was huge in the sense of how the hell will anyone else compete with that!

Seriously, I can’t think of a way Target can compete with Walmart now that the deals have been moved up to Sunday. – The Fly

Target must read iBankCoin because they have responded in a big way. Introducing Cyber-Monday..wait for it….ALL WEEK.

Target Corporation (NYSE:TGT) today announced its strongest Cyber Week offers ever, including 15 percent off Target.com sitewide on Cyber Monday (Nov. 30). The sitewide offer marks the first time Target has discounted virtually everything on Target.com. In addition, Target will offer a host of e-doorbusters on Cyber Monday, as well as steep discounts within key departments like apparel and toys, all Cyber Week long. – as reported by Business Wire

If Walmart changed the game, Target just smacked it out of their hands and started a new one. Oh it’s on y’all.

In August, National Penn Bancshares, Inc. (NPBC) announced a merger with BB&T Corporation (BBT) worth $1.8 billion, giving NPBC shareholders the option of either receiving a cash consideration of $13/share (current price is around $12.50) or a stock consideration of BBT 0.3206 shares (current price is around $39).

However, a contingent of NPBC shareholders had filed a class action lawsuit in September against the bank claiming that it had not adequately shopped around for a fair value deal. That law suit has since been settled for an undisclosed amount.

National Penn is one of the largest locally based banks in terms of deposit with an increase of total assets YoY of 11% in Q3 among others.

This is all happening while BBT is looking to expand its operations across the east coast. They had also acquired Susquehanna Bank in a $2.5 billion deal.

This is all fairly old news at this point given the law suit had been settled about a week ago, but here is my take on it.

This story is a bit more close to home for me. I am not a shareholder of NPBC, but my old man is. That and they are based in my city.

I see $13/share as an insult. If top executives were looking to sell why would they not have done some window shopping? A more reasonable price would be around the $16-$17 range, given NPBC’s strong financial statements. Outside of the numbers, I have had talks with different branch managers and various employees of National Penn and they have commented on an increase in business. Not only that but BB&T’s current dividend is horse shit, not nearly as sexy as NPBC’s .40 dividend which has me urging pops to just take the $13 rather than the 0.320dogshit of BBT stock. Which at the current price would be below $13 anyway. Were National Penn’s top executives fulfilling their duties to provide value to shareholders, or were they lining their pockets? The top 5 executives are inline to receive $20 million.

National Penn Bancshares is holding a special shareholders meeting on December 16th of this year that I plan on schmoozing my way into.

Tyson Foods, Inc. (TSN) reported Q4 earning this morning before the bell and all seems well in the land of processed foods.

The meat processing giant saw a 4% increase in quarterly sales and $258 million net income, an increase from $137 million the same time last year. Chicken had seen an increase in sales while some of their other products saw a decline in adjusted sales.

What is fueling the increased demand in chicken? The decrease in ingredient cost of chicken definitely helps Tyson’s case. They are expecting their operating margin in chicken to exceed 10% for fiscal 2016.

Tyson’s board has also declared a quarterly dividend increase to $0.15/share on their Class A common stock, and $0.135 for Class B, respectively.

With chicken on the rise, will we be seeing more chicken on Thanksgiving tables this year rather than the traditional turkey? I highly doubt it, but with more and more minimum wage works protesting for higher wages, maybe they will opt out for the cheaper substitute. I am sure the people over at Tyson wouldn’t mind a changing of the guard.

Tyson Foods, Inc (TSN) is currently up 2.84% in pre-market trading.