Archive for March, 2017

• Morning News: March 9, 2017
  Eddy Elfenbein, March 9th, 2017 at 7:00 am

  ECB To Sit Tight Ahead Of High-Risk Elections

  As Leaders Argue, South Korea Finds China Is No Longer An Easy Sell

  Qatar’s Savvy as Indian Skies Crowd Over

  China Says It Followed Law In Approving 38 Trump Trademarks

  Samsung Plans U.S. Expansion, Would Shift Manufacturing From Mexico

  In Puerto Rico, Teachers’ Pension Fund Works Like a Ponzi Scheme

  Pinterest Acquires Twitter Cofounder’s Social Media Flop, Jelly

  New Adidas CEO Targets Faster Sales, Profit Growth

  Why Big Brands Couldn’t Stop Chobani From Winning the Yogurt War

  Tesla Completes Hawaii Storage Project That Sells Solar at Night

  Akzo Nobel Mulls Breakup After Rejecting PPG’s $22 Billion Offer

  RadioShack Successor Enters Bankruptcy as Retail Woes Mount

  Travis Kalanick Needs To Hire Sheryl Sandberg To Save Uber

  Josh Brown: Chart o’ the Day: What If It’s Early And Not Late?

  Jeff Carter: Advice For Employees of A Company That IPOs

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• Blow-Out ADP Report
  Eddy Elfenbein, March 8th, 2017 at 11:11 am

  The big jobs report is on Friday. We got a preview of it this morning with the ADP private payrolls report.

  The ADP doesn’t perfectly align with the government’s data but today’s report was incredibly strong. ADP said the U.S. economy added 298,000 net new jobs last month. Wall Street had been expecting 190,000. This was the strongest ADP report in three years.

  

  It looks like the Fed will raise rates next week no matter what, but a strong jobs report on Friday could lead to another rate hike this summer.

• Morning News: March 8, 2017
  Eddy Elfenbein, March 8th, 2017 at 7:07 am

  The Surprising Winners From the Rise of Passive Investing? Women

  Oil Drops Below $53 as Report Shows Rising U.S. Crude Stockpiles

  For I.P.O., Saudi Oil Company May Have To Give Up Some Of Its Secrets

  China Posts First Monthly Trade Deficit In Three Years As Imports Soar

  China’s ZTE Will Pay Almost $900 Million in U.S. Sanctions Case Over Sales to Iran

  Snap Inc.’s Future Is About To Get Very Shaky

  Volkswagen CEO Says Not Open to Merger Talks With Fiat Chrysler

  Hewlett Packard Enterprise Jumps on Flash Sale

  How Adidas Is Keeping Up the Pressure on Nike and Under Armour

  WikiLeaks Adds to Samsung Headaches With Claims of Spying TVs

  Caterpillar Is Accused in Report to Federal Investigators of Tax Fraud

  Watchdog To Ask U.S. Lawmakers To Probe Icahn’s Role With Trump

  As Criticism Mounts, Uber Seeks Chief Operating Officer to Temper CEO

  Roger Nusbaum: Bull Market Turns 8 This Week!

  Cullen Roche: The Biggest Myths in Investing, Part 7 – Fees are a Small Price to Pay for Expert Advice

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• Trump Takes Down Drug Stocks
  Eddy Elfenbein, March 7th, 2017 at 12:33 pm

  Forty-five minutes before the market opened, President Trump took to Twitter.

  I am working on a new system where there will be competition in the Drug Industry. Pricing for the American people will come way down!

  — Donald J. Trump (@realDonaldTrump) March 7, 2017

  And Express Scripts (ESRX) felt the heat:

  

• The Secret Prison Economy
  Eddy Elfenbein, March 7th, 2017 at 12:29 pm

• Morning News: March 7, 2017
  Eddy Elfenbein, March 7th, 2017 at 7:04 am

  The Shale Industry Is Scrambling to Catch Up to Its Own Boom

  Building Trade Walls

  Trump Keeps Picking The Wrong Trade Fight

  Trump’s Gift to China Tech Hiring

  Goldman, UBS Quants See Dollar Warning Sign in Theory From 1500s

  Vauxhall’s Uncertain Road Ahead Begins

  Exxon to Invest $20 Billion on U.S. Gulf Coast Refining Projects

  It’s A Snap

  IBM, Salesforce Strike Global Partnership on Cloud, AI

  Hunter Harrison Landed CSX’s Top Job By Quickly Giving Up On Norfolk Southern

  How Uber Deceives the Authorities Worldwide

  UPS Wins Court Challenge Against EU Block to TNT Bid

  Bird Flu Outbreak Found at a Tennessee Farm

  Howard Lindzon: America is in Turmoil and Robots Could Care Less

  Josh Brown: Who Are You Competing With?

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• The S&P 500 Has Been the Loser
  Eddy Elfenbein, March 7th, 2017 at 3:23 am

  Over the last eight years, the S&P 500 has had a remarkable bull run. But bear in mind that even with as well as it’s done, the S&P 500 has trailed both the S&P Mid-Cap 400 and the S&P Small-Cap 600.

  

  The S&P 500 has gained 247.58%. The Mid-Cap 400 is up 323.49% and the Small-Cap 600 is up 354.23%. The Dow, however, is only up 216.20%. The Nasdaq Composite nearly took first place with 352.08%.

• Snap Shares Bring Out the Bears
  Eddy Elfenbein, March 6th, 2017 at 8:05 pm

• Financial Sector Slips
  Eddy Elfenbein, March 6th, 2017 at 4:12 pm

• The Bull Market Turns Eight
  Eddy Elfenbein, March 6th, 2017 at 4:06 pm

  Eight years ago today, the stock market reached its intra-day low. The S&P 500 traded as low as 666.79. That was its lowest since 1996.

  The market was actually up that day, which was a Friday. What was the big news? The unemployment rate climbed to a 25-year high, and nonfarm payrolls came in at 651K. The closing low came the following Monday, March 9.

  The bear market was so steep that the Dow had erased all of its inflation-adjusted gains for the previous 41 years. The black line is the Dow divided by the consumer price index. The blue line shows you the 1966 high and the 2009 low.