Zacks Analyst Blog Highlights: Tiffany, Big Lots, Family Dollar, Isis Pharmaceuticals and OncoGenex – Press Releases
Source: http://www.zacks.com/stock/news/21397/Zacks+Analyst+Blog+Highlights%3A+Tiffany%2C+Big+Lots%2C+Family+Dollar%2C+Isis+Pharmaceuticals+and+OncoGenex+-+Press+ReleasesPosted on Wednesday, June 24th, 2009 | In Market Commentary, Stocks to Watch
For Immediate Release
Chicago, IL – June 24, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Tiffany (TIF), Big Lots (BIG), Family Dollar (FDO), Isis Pharmaceuticals (ISIS) and OncoGenex (OGXI).
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Here are highlights from Tuesday’s Analyst Blog:
Long-Term Job Stagnation
The two major forces behind the secular slowdown in job creation have been automation and globalization (off-shoring). It would not be particularly wise to reverse job losses coming from automation, since technology is the source of productivity growth and ultimately higher standards of living.
On the other hand, that model will not work to well if there are no jobs as a result. What will happen is that there will be a further hollowing out of the middle class, with a few extremely rich people and many who are struggling to make ends meet, and a growing number in real poverty.
This suggests that we will have sort of a bar-bell economy — with strong firms that cater to the carriage trade, for example Tiffany’s (TIF) and Neiman Marcus, as well as inferior goods firms that do well such as Big Lots (BIG) and Family Dollar (FDO). Firms in the middle will suffer.
Isis Generating Impressive Data
At perhaps the two biggest industry trade conferences of the year, the American Society of Clinical Oncology (ASCO) and the American Diabetes Association (ADA), Isis Pharmaceuticals (ISIS) and/or its partners presented encouraging pre-clinical and early-stage clinical data showing the potenital power of antisense technology as a new paradigm for treating cancer and diabetes — two of the most widespread diseases in the U.S. and worldwide.
Specifically, at the ASCO meeting in early June, Isis and/or its partners held 4 presentations on oncology candidates using Isis’ technology. Specifically, OncoGenex (OGXI) presented data from 2 phase II programs with OGX-011 that demonstrated very encouraging data. In a phase II program, patients with advanced metastatic prostate cancer were randomized to receive OGX-011 plus docetaxel or docetaxel alone.
The median overall survival (OS) for the OGX-011 plus docetaxel group was 23.8 months, vs. 16.9 months with docetaxel alone. This corresponded to a 39% reduction in the rate of death over the study period. OncoGenex hopes to secure a partnership for OGX-011 and move into a phase III program shortly.
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