The secret to outperforming the market in a downturn is to buy stocks that have 'low and slow' characteristics — lower multiples and higher returns relative to the S&P 500 and trades that are less crowded, according to AB Bernstein.
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Spectrum Pharma sells marketed portfolio for $160 million upfront, up to $140 million in milestone paymentsSpectrum Pharmaceuticals Inc. said Thursday it has reached an agreement to sell its portfolio of seven FDA-approved hematology/oncology products to Acrotech Biopharma L.L.C. Spectrum said it will receive $160 million in an upfront cash payment and be entitled to up to $140 million milestone payments on reaching certain regulatory and sales goals. The company said its staff will be reduced by about 40% with most transitioning to Acrotech. The remaining staff will focus on the launch of it two late-stage pipeline treatments, ROLONTIS and poziotinib, which are cancer drugs. Shares were halted for the news, but have fallen 46.1% in the last 12 months, while the S&P 500 has fallen 6.7%.
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China's 2018 growth slows to 28-year low, more stimulus seenChina's economy cooled in the fourth quarter under pressure from faltering ...
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Sinopec's marketing arm listing may prove hard sell in soft marketsSinopec Corp , Asia's top refiner, may have a hard time finding bu...
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Slowing Earnings Growth, Gloomy Forecasts Add to Stock Market’s WoesAmerica’s biggest public companies are warning that their earnings may not be as strong as they hoped this year, intensifying pressure on a bull market that has struggled to regain its footing.
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Slowing growth and better policy should be good for markets, says strategistSo far the signal for earnings is generally positive, Oppenheimer's Brian Levitt said. 'We have to remember that going into a period of slowing growth and better policy should actually be quite good for the markets.'
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U.S. crude gains, slowing global economy challenge oil market in 2019: IEAU.S. oil production growth combined with a slowing global economy will put oil p...
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Here’s what low NYSE trading volume is telling us about the stock market’s directionHere’s what low NYSE trading volume is telling us about the stock market’s direction, says MktwHulbert
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More lenient state laws could chill low-alcohol beer marketOKLAHOMA CITY (AP) — Beer snobs are raising their mugs to a stronger brew in three states that once forbade grocers from selling anything but low-alcohol brands, and the changes could indirectly chill the industry in two others where such regulations remain. Until October, Oklahoma grocery and convenience stores could stock beer with only up to 3.2 percent alcohol content — considerably lower than even leading light beer brands. Liquor stores were able to sell stronger 8.99 percent beer but were prohibited from selling cold beer of any strength.
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More lenient state laws could chill low-alcohol beer marketBeer snobs are raising their mugs to a stronger brew in three states that once forbade grocers from selling anything but low-alcohol brands, and the changes could indirectly chill the industry in two others where such regulations remain. Until October, Oklahoma grocery and convenience...
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