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Tuesday, February 6, 2018

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As-it-happens update 5 February 2018
NEWS
Amber mined for centuries in Myanmar for jewelry is a treasure trove for understanding the evolution of spiders and their other arachnid relatives. This week, two independent teams describe four 100-million-year-old specimens encased in amber that look like a cross between a spider and a scorpion.
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And, while we expect shares to be weak near term, we conclude that EPS cuts of 2-3% are less than the implied after-market decline of 6%," analyst Erika Najarian wrote in a note to clients Monday. "We would view any potential weakness in the shares as a particularly attractive buying opportunity.".
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