A double-digit drop for Amgen (NASDAQ: AMGN ) stock over the past couple of months has likely left a bad taste in the mouths of shareholders. Is this venerable biotech ready to mount a comeback?�
Behind the drop
After racking up year-to-date gains of 27% by late April, shares began a two-month slide. What caused this fall?
AMGN data by YCharts.
The drop-off originated from Amgen's first quarter revenue miss. Although the company beat expectations on earnings, it reported revenue of $4.2 billion -- less than the average analysts' estimate of $4.37 billion.
Despite the revenue miss, Amgen provided solid full-year earnings guidance. The company has also announced some positive clinical study results in the meantime.
Easy as A-B-C?
While the initial drop stemmed from first-quarter results, some of the fall in Amgen stock is due to additional factors. Other big biotechs dropped during part of the same time frame from general market pressures. Take a look at the "ABCs" of big biotech -- Amgen, Biogen Idec (NASDAQ: BIIB ) , and Celgene (NASDAQ: CELG ) .
Best Restaurant Companies To Watch In Right Now: ICG Group Inc (ICGE)
ICG Group, Inc. (ICG), formerly Internet Capital Group, Inc., acquires and builds Internet software and services companies. ICG operates in two business segments: the core reporting segment and the venture reporting segment. The Company�� core reporting segment includes those companies in which its management provides strategic direction and management assistance. Its venture reporting segment includes companies to which it generally devote less capital than it does to its core companies and, therefore, in which it holds relatively smaller ownership stakes than it does in the core companies. As of December 31, 2011, its equity core companies consisted of Channel Intelligence, Inc., Freeborders, Inc. and WhiteFence, Inc. As of December 31, 2011, its venture companies consisted of Acquirgy, Inc., GoIndustry-DoveBid plc and SeaPass Solutions Inc. In April 2012, it acquired MSDSonline Inc. In December 2012, the Company aquired 85% of interest in Procurian Inc. In February 2013, Google Inc acquired Channel Intelligence, Inc. one of the consolidated companies of ICG.
The Company is focused on the software and services markets, particularly on companies in the cloud-based software and services sector. Once the Company acquires an interest in a company, it works to assume an active role in the development and growth of the Company, providing both strategic guidance and operational support. The Company provides strategic guidance to its companies relating to, among other things, market positioning, business model and product development, strategic capital expenditures, mergers and acquisitions and exit opportunities. In addition, it provides operational support to help its companies manage day-to-day business and operational issues and implement the practices in the areas of finance, sales and marketing, business development, human resources and legal services.
GovDelivery Holdings, Inc.
GovDelivery Holdings, Inc. (GovDelivery) is a provider of government-to-citizen com! munication solutions. GovDelivery�� digital subscription management software-as-a-service (SaaS) platform enables government organizations to provide citizens with access to relevant information by delivering new information through e-mail, mobile text alerts, really simple syndication (RSS) and social media channels from United States and United Kingdom government entities at the national, state and local levels.
Investor Force Holdings, Inc.
Investor Force Holdings, Inc. (InvestorForce) is a financial software company specializing in the development of online applications for the financial services industry. InvestorForce provides pension consultants and other financial intermediaries with a Web-based enterprise platform that integrates data management with robust analytic and reporting capabilities in support of their institutional and other clients. InvestorForce�� applications provide investment consultants with the ability to conduct analysis and research into client, manager and market movement and to produce timely, automated client reports.
Procurian Inc.
Procurian Inc. (Procurian) is a specialist in procurement solutions, which partners with transformational business to drive sustainable changes to their cost structures on an accelerated basis. Procurian integrates superior market intelligence with its customers��businesses to optimize spending and deliver savings.
Channel Intelligence, Inc.
Channel Intelligence, Inc. (Channel Intelligence) is a technology and marketing services company that helps retailers, manufacturers and other advertisers make their products and services easier for consumers to find and buy online and in local retail stores. Through its technologies and product database, Channel Intelligence offers online marketing services, such as display advertising, manufacturer-based content and where-to-buy, paid search, shopping engine management, social marketing, Web storefronts, order manage! ment and ! robust performance analytics. With its range of services, Channel Intelligence helps its customers support their consumers through all phases of the sales funnel, from lead generation to consideration to purchase and delivery.
WhiteFence, Inc.
WhiteFence, Inc. (WhiteFence) is a Web services provider used by household consumers to compare and purchase essential home services, such as electricity, natural gas, telephone and cable/satellite television. WhiteFence reaches customers directly through company-owned Websites and through its network of exclusive channel partners that integrate the Web services applications into their own business processes and Websites.
Acquirgy, Inc.
Acquirgy, Inc. (Acquirgy) specializes in direct response marketing services and technology, which provides customers with a range of direct marketing products and services. Acquirgy helps market its products and services on the Internet and through other media channels, such as television, radio, and print advertising.
GoIndustry-DoveBid plc (GoIndustry)
GoIndustry-DoveBid plc (GoIndustry) is an in auction sales and valuations of used industrial machinery and equipment. GoIndustry combines traditional asset sales experience with e-commerce technology and advanced direct marketing to service the needs of multi-national corporations, insolvency practitioners, dealers and asset-based lenders worldwide.
SeaPass Solutions Inc.
SeaPass Solutions Inc. (SeaPass) develops and markets processing solutions that enables insurance carriers, agents and brokers to transmit and receive data in real time by leveraging existing systems to interact automatically. The Company�� technology allows information to be accessed in real time, which increases efficiency across all lines of the insurance business.
Advisors' Opinion:- [By Luke Jacobi]
ICG Group (NASDAQ: ICGE) rose 9.74 percent to $15.39 after the company announced the sale of Procurian to Accenture plc (NYSE: ACN) for $375 million in cash.
- [By Jake L'Ecuyer]
ICG Group (NASDAQ: ICGE) was also up, gaining 9.77 percent to $15.39 after the company announced the sale of Procurian to Accenture plc (NYSE: ACN) for $375 million in cash.
Best Tech Stocks For 2014: Leidos Holdings Inc (LDOS)
Leidos Holdings, Inc. (Leidos), incorporated on August 12, 2005, is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc., which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets. The Company�� segments include Health and Engineering and National Security Solutions. On September 27, 2013, Leidos completed the separation of its technical services and enterprise information technology services business into an independent, publicly traded company named Science Applications International Corporation.
The Company�� National Security Solutions segment provides solutions and systems for air, land, sea, space and cyberspace for the United States intelligence community, the DoD, the military services and the United States Department of Homeland Security. Its solutions deliver technology, intelligence systems, data analytics, cyber solutions, and intelligence analysis and operations support to critical missions around the world. The Company�� Health and Engineering segment provides health systems integration services to implement and optimize the use of electronic health records, apply data analytics and behavioral health research to help enable customers to improve healthcare quality and patient outcomes, detect and prevent diseases, enhance scientific discovery, and reduce costs to the healthcare system. Leidos also provides engineering services and solutions focused on solving energy, environmental and infrastructure challenges. These include solutions in energy generation! , efficiency and management, environmental services, securing critical infrastructure, and designing and building construction projects.
Advisors' Opinion:- [By Jake L'Ecuyer]
Leidos Holdings (NYSE: LDOS) was down as well, falling 18.17 percent to $35.33 after the company announced its COO would leave, while releasing worse than expected guidance.
- [By Maria Armental var popups = dojo.query(".socialByline .popC"); popups.forEach]
Leidos Holdings Inc.(LDOS) said fiscal first-quarter earnings slumped 52%, as revenue declined amid what the company described as a continued constrained federal funding environment. Shares dropped 3.5% to $36.61 premarket.
- [By Steve Symington]
What:�Shares of�Leidos Holdings,� (NYSE: LDOS ) �or formerly�Science Applications International�-- fell more than 18% Thursday after the national security, health, and engineering solutions company turned in better-than-expected fiscal 2014 fourth-quarter results, but followed with disappointing guidance and announced the departure of its Chief Operating Officer.
- [By Ben Levisohn]
Shares of Iron Mountain have fallen 2.3% to $25.72 today, while comparable have been mixed. Leidos Holdings (LDOS) has ticked up 0.6% to $46.28 and Amdocs (DOX) has risen 0.8% to $37.20. Maximus (MMS), on the other hand, has fallen 1.2% to $46.22 and Xerox (XRX) is off 0.3% to $10.62.
Best Tech Stocks For 2014: Portlogic Systems Inc (PGSY)
Portlogic Systems Inc. (Portologic), incorporated on June 22, 2004, is a development-stage company. The Company is engaged in developing and licensing portal software products and related services. The Company operates six divisions, including m2Meet, m2Bank (Mobile to Bank), m2Market, m2Ticket, m2Kiosk and m2Workflow. The Company has developed a product that it licensed to its customers to enable them to operate their own online social networking portal without requiring any technical programming or Website design skills. The Company licenses portal software products and provide custom software programming services to customers who license its products. The Company�� portal software products are designed to enable customers to administer a ��ortal��that can be accessed online by other users. Each type of portal that it licenses to customers has a standard pre-programmed functional framework along with content and appearance customized according to the customer�� particular requirements. The Company�� customers retain ownership rights over any content that they provide to customize their portal. On June 18, 2012, Portlogic incorporated a wholly owned subsidiary, VOIP 1, Inc.
The Company hosts the portal software licensed to its customers on the Company�� own servers. The Company�� portal software products include an online administration interface which its customers can use to manage the functionality, appearance, and content of their portal, such as what users are able to see and do when they visit the portal. As a result, customers that license its software can operate their online portal using only a personal computer and Internet connection. They do not need to have any programming knowledge, additional software, hosting capabilities, or additional hardware.
The Company also offers, in exchange for additional licensing fees, plug-in products that can provide additional functions to the basic portal software licensed by the Company�� customers. The Company eithe! r owns the plug-ins or licenses them from third parties. The Company offers one fully developed portal software product. This product is an online social networking system marketed to entrepreneurs who wish to operate their own online social networking or dating business. The Company markets this product through one of its Websites, at www.internetdatingsoftware.com.
The m2Meet is a community networking software solution, being developed from its Web based source code. m2Bank is a financial transactions system that facilitates bill payments, money transfers, and account management. The m2Market is a mobile marketing solutions, including a Bluetooth push technology that is used to deliver marketing materials to mobile phones. The m2Ticket is a mobile ticketing sales engine, which manages the sale and delivery of tickets through mobile phones for the transportation and entertainment industry. The m2Kiosk is a line of standard and custom kiosks hardware and software which integrates with mobile phone applications in the marketing, financial, and ticketing industries. Its m2Workflow is a customer relations management (CRM) on mobile phones for service industries.
Advisors' Opinion:- [By Peter Graham]
Small cap stocks Muscle Warfare International (OTCMKTS: MWAR), Portlogic Systems Inc (OTCMKTS: PGSY) and Sterling Consolidated Corp (OTCBB: STCC) were all the subject of a few paid promotions as recently as last week but they sure did not start the new week out right because all were sinking on Monday. So are these small cap stocks that are either the subject of promotions or investor awareness campaigns hot or not? Here is a quick reality check:
- [By Peter Graham]
On Monday, small cap marijuana stocks Alternative Energy Partners Inc (OTCBB: AEGY) and Medical Cannabis Payment Solutions (OTCMKTS: REFG) surged 117.86% and 17.95%, respectively, while tech stock Portlogic Systems Inc (OTCMKTS: PGSY) sank 20%. However, it appears that only one of these small cap stocks has been the subject of disclosed paid promotions or investor relation activities. So what will these three small caps do today and the rest of the week? Here is a quick look to help you decide on a trading or investing strategy:
Best Tech Stocks For 2014: Mercury Computer Systems(MRCY)
Mercury Computer Systems, Inc. designs, manufactures, and markets high-performance embedded, real-time digital signal and image processing systems and software for specialized defense and commercial computing markets. The company operates in two segments, Advanced Computing Solutions (ACS) and Mercury Federal Systems (MFS). The ACS segment provides high-performance computing solutions, such as single board computers, digital signal processors, and integrated subsystems to the aerospace and defense, semiconductor, and commercial computing markets. This segment also provides microwave sub-assemblies to address needs in EW, SIGINT, ELINT, and high bandwidth communications subsystems; and software and customized design services for military and commercial applications. The MFS segment focuses on services and support work with the Department of Defense and federal intelligence and homeland security agencies, including designing and engineering intelligence, surveillance, and re connaissance (ISR) capabilities to address threats to the U.S. forces. It offers a range of engineering architecture and design services that enable clients to deploy computing capabilities for ISR systems on an accelerated time cycle. The company has operations in the United States, Europe, and the Asia Pacific. The company was founded in 1981 and is headquartered in Chelmsford, Massachusetts.
Advisors' Opinion:- [By CRWE]
Mercury Computer Systems, Inc. (Nasdaq:MRCY), a best-of-breed provider of commercially developed, open sensor and Big Data processing systems for critical commercial, defense and intelligence applications, reported it had received a $2.2M purchase order relating to an airborne radar application for fighter aircraft.
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