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Emcore and Valeant are this weeks Blowouts
Brian Bolan is back with another edition of Bolan’s Blowouts. This time we are taking a look at Valeant Pharma and why it has been a Zacks Rank #5 (Strong Sell) for some time. Brian points to falling earnings estimates and then highlights who has been blowing out of the stock. Seems that Pershing Square has moved to sell more than 3M shares of this stock so this is only a partial blow out of a position that was more than 18M shares at one point.
Next is the stock that has seen a blowout earnings performance. Brian highlights Emcore (EMKR - Free Report) which is up about 44% since the report. The key to the report was the higher guidance for revenue and Brian has a special chart just to show how revenue expectations have trended of late.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +26% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 11X worse than the market. See these critical buys and sells free >>