💰 Bank of America Upgrades Philip Morris International (PM)

Brokerage firms make most of their money from their total assets under management, thanks to various fees and transaction costs.

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Good morning. Brokerage firms make most of their money from their total assets under management, thanks to various fees and transaction costs. Today's brokerage receives less than 10 percent of its revenue from actual trading commissions, thanks to years of competition to lower costs in a bid for funds. Charles Schwab finally did away with commissions on its online platform all together, slashing their old trading commission from a flat $4.95 per trade to $0. Time will tell how other online brokerages respond, and how much the reduction to zero cost trades increases trading volume… if any. Judging by the drop in the shares of online-only brokerages however, chances are Schwab will have competition in the free commission space soon. You can also find the hottest, most up-to-date trading information by visiting our Instagram. We share everything we know here, including hot stock tips, trending investment news, and even full-length videos that cover critical investment strategies. Our most recent post just went live right here. Sponsored Content Bill O'Reilly's Wild Money Secret In a tell-all video, Bill O'Reilly reveals the shocking way YOU can retire with a seven-figure nest egg. MARKETS DOW 26,573.04 -1.28% S&P 2,976.74 -1.23% NASDAQ 7,908.68 -1.13% *As of market close • Stocks dropped more than 1 percent, following poor manufacturing data. • Oil prices declined 0.8 percent, to $53.60 per barrel. • Gold rose nearly 1 percent, to $1,487 per ounce. • Cryptocurrencies dropped on average, with Bitcoin trading flat around $8,330. Today's TOP TIPS Bank of America Upgrades Philip Morris International (PM) Bank of America upgraded shares of Philip Morris International (PM) to a buy from neutral. The bank also reiterated an existing price target of $96, 23 percent higher than where shares currently trade. The upgrade comes as fears that the tobacco industry in the United States will have more oversight and regulation following a series of illnesses related to vaping products. However, Philip Morris has little exposure to the U.S. market. » FULL STORY Evercore Upgrades Spotify (SPOT) Spotify (SPOT) was recently upgraded by Evercore, from underperform to in-line, with a price target of $110. Evercore had previously downgraded the company when shares were near $150, citing valuation and the market's optimistic view on the company's margin improvement. With shares of Spotify currently around $113, the upgrade still indicates a slight overvaluation in shares. Currently, 21 analysts rank the stock as a buy, 10 as a hold (in-line), and 1 at a sell. » FULL STORY Insider Activity: Ulta Beauty (ULTA) Charles Heilbronn picked up 243,849 shares of Ulta Beauty (ULTA), increasing his stake by 13 percent to just over 2,087,000 shares. The total cost for the latest purchase, with shares around $240, came to $58,900,000. This marks the second insider buy at the company this year, following a 1,300 shares buy from the CEO in late September. Insiders have otherwise been sellers of the company, at prices 21 to 26 percent higher than the current price. » FULL STORY Unusual Options Activity: Teva Pharmaceutical (TEVA) The November 15th $8 put options on Teva Pharmaceutical (TEVA) saw over 17,000 contracts trade against a prior open interest of 243, indicating a 70-fold surge in volume on the trade. With shares of Teva around $7, the $8 puts are already $1 in-the-money and should move penny-for-penny with any further drop in shares. At a cost of $1.44, the option also has about a penny a day in time premium attached to it. » FULL STORY IN OTHER NEWS • Munich ranks first as having the world's most expensive housing market (San Francisco is 10th). • New York City apartment prices hit a four year low. • One third of auto loans in the United States are now longer than six years, up from 10 percent. • New federal fishing requirements to protect whales may impair the lobster industry in Maine. • E-cigarette sales slide following a series of high-profile illnesses. • Amazon leases properties in Los Angeles ahead of its grocery chain expansion. • UPS gets FAA approval for widespread drone delivery service. • Startup Relativity raises $140 million for 3-D printed rockets. • And PowerPoint competitor Pitch raises $30 million. • In earnings, McCormick (MKC) beats on earnings, but just misses on revenues. S&P 500 MOVERS TOP MKC 6.814% ULTA 6.12% PM 2.502% V 1.326% NKTR 1.18% BOTTOM ETFC 10.097% SCHW 7.703% XEC 5.415% FANG 5.148% APA 4.771% Quote of the Day As I predicted, Jay Powell and the Federal Reserve have allowed the Dollar to get so strong, especially relative to ALL other currencies, that our manufacturers are being negatively affected. Fed Rate too high. They are their own worst enemies, they don't have a clue. Pathetic!" - President Trump, via Twitter, blasting the Federal Reserve and the current strong dollar. Sponsored Content 5G Stock CRUSHES Earnings!! Wall Street is loading up on shares of one 5G SuperStock (26 million shares purchased). Why? Because the stock brings in more cash than IBM, Facebook and even Google! Yet it trades for just $3. Get the scoop on the 5G SuperStock right here.   Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: Dividend Investing Mini-Course | 10 Great Stocks Under $10 | 7 High Yield Dividend Stocks   › Step #2 - Join Our Premium Advisories: The Next Superstock | Triple Digit Returns | Options Cash Cow   › Step #3 - Connect With The Community: Trading Tips Official Facebook Group   Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing The Company, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions. As defined in the United States Securities Act of 1933 Section 27(a), as amended in the Securities Exchange Act of 1934 Section 21(e), statements in this communication which are not purely historical are forward-looking statements and include statements regarding beliefs, plans, intent, predictions or other statements of future tense. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. 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