In a bull market, a lot of bad behavior seems to go unnoticed. But some folks still speak out where they find it. On Tuesday, for example, billionaire Carl Icahn called out Occidental Petroleum for outbidding Chevron to acquire Anadarko Petroleum.
 | | Good morning. In a bull market, a lot of bad behavior seems to go unnoticed. But some folks still speak out where they find it. On Tuesday, for example, billionaire Carl Icahn called out Occidental Petroleum for outbidding Chevron to acquire Anadarko Petroleum.
Icahn stated that company boards that would "bet the company to serve their own agendas" are a "fiasco," and that such boards treated shareholders like peasants. At least Ichan, who can buy enough shares to get board seats at companies, can get a seat at the table, unlike most individual investors. | | |
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| | |  | DOW 26,548.22 | +0.67% | | | | S&P 2,917.38 | -0.95% | | | | NASDAQ 7,884.72 | -1.51% | | | | | *As of market close | | | • | Stocks traded down Tuesday, as markets reacted to slightly less dovish statements from the Fed Chairman. | | | | • | Gold hit a six-year high of $1,433, and oil topped $58. | | | |
| | | Markets Decline as Powell Speaks | | 
| | Chairman's comments send stocks down. | | The stock market dipped slightly on Tuesday.
Speaking at the Council of Foreign Relations, Federal Reserve Chairman Jerome Powell had the biggest opportunity to move the market. His comments slightly pulled back from the dovish views expressed in recent weeks, enough to send markets down in afternoon trading.
He also commented on the need for the Fed to remain independent of politics.
» FULL STORY | | | | |
| | The Next Big Bankruptcy In America… | | |  | | No one believed Porter Stansberry years ago when he said the world's largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.
And no one believed him when he said GM would fall apart… or that the same would happen to General Growth Properties (America's biggest mall owner)… or that oil would fall from over $100 per barrel to less than $40 a barrel.
But in each case, that's exactly what happened.
And now Stansberry says something new and terrible is unfolding in America: The "enslavement" of millions of Americans is leading to a political event that is unlike anything we've seen in our country in more than 50 years. | |
| | AbbVie Agrees to Buy Allergan With $63 Billion Offer | |  | | Merger would combine two of the industry's largest players. | | On Tuesday, AbbVie (ABBV) announced a plan to buy Allergan PLC for about $63 billion. Allergan is best known as the manufacturer of Botox and other beauty-related drugs, where it has a sizeable amount of market share.
The offer for Allergan came in at $188 per share in a mix of cash and stock, a 45 percent premium over where Allergan shares closed on Monday. Shares had already been rallying on the rumor that Allergan was looking to unlock value by breaking up the company.
» FULL STORY | | | | |
| | | | Insider Activity: Stoke Therapeutics (STOK) |  | | Insiders buy millions of shares of genetic disease research firm. | | Insiders continue to be bullish on the pharma and biotech space at current prices. One of the latest buys is in Stoke Therapeutics (STOK).
RWT Investments, a partnership that already owns more than 10 percent of shares, picked up 555,556 shares last week, increasing their stake by $10 million.
Then, this week, another big insider trade occurred.
» FULL STORY | | | | |
| | Unusual Options Activity: Delta Airlines (DAL) | |  | | Airline carrier may see big drop in shares. | | A large bet has been made that shares of Delta Airlines (DAL) will drop in the coming months.
On Tuesday, nearly 3,000 contracts of the December 2019 $45 put options traded. With shares of the airline around $56.50, this is a bet on shares dropping by 20 percent between now and the end of the year.
» FULL STORY | | | | |
| | | | TOP | | | AGN | 25.361% | | | | MYL | 3.842% | | | | HCA | 3.12% | | | | NEM | 2.534% | | | | MOS | 3.116% | | | | BOTTOM | | | ABBV | 16.252% | | | | BHF | 11.7% | | | | LEN | 6.205% | | | | TRIP | 4.094% | | | | ADBE | 3.968% | | | | |
| | Top Rated Financial Stocks |  | | | |
| | |  | | Damage arises when policy bends to political interests, | - Federal Reserve Chairman Jerome Powell, taking a more hawkish tone than in the past few weeks  | |
| | First look—#2 book in China causing uproar in America | | | | A shocking new book is making its way through the academic, financial, and economic circles in America. According to one interview, it even became the #2 book in all of China!
This book has become so popular because it identifies a big change in our country's future… which could inevitably lead to the fall of several of our most powerful tech companies.
If you own stock in Amazon, Facebook, Google, Netflix, Microsoft, or any of today's big tech companies, you absolutely must read this book. | | | |
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