Good morning. An Instagram influencer with nearly three million followers was devastated after failing to sell… 36 t-shirts.
 | Good morning. An Instagram influencer with nearly three million followers was devastated after failing to sell… 36 t-shirts.
In a social media market dominated by metrics like total followers, the age of the influencer may be finally dying out.
Perhaps there's more to life than the number of followers on your social media accounts—and actual engagement with human beings matters after all. Investors in social media companies should take heed.
The post lamenting the poor sales was quickly deleted. |
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| MARKETS | | | |  | DOW 24,815.04 | -1.41% | | | | S&P 2,752.06 | -1.32% | | | | NASDAQ 7,453.15 | -1.51% | | | | *As of market close | | | • | Stocks further slid Friday on a new tariff tiff—this time between the United States and Mexico, showing that President Trump has no qualms about having multiple trade wars at the same time. | | | | • | Markets dropped about 7 percent in May in total, but the index is still up mid-single digits for the year. Oil continues to slide further on inventory buildup, an ominous sign ahead of the summer driving season. | | | |
| Today's TIO Tips | | | | | U.S. to Hit Mexico with Tariffs |  | | Tensions between the two countries rise, sending markets in turmoil | Tired by decades of broken promises and record-high border crossings, President Trump announced a series of tariffs against Mexico until the country works to fix its problem with illegal immigration to the United States.
Under the policy, tariffs will go into effect starting on June 10th, with a starting rate of 5 percent. They will ratchet up to a maximum of 25 percent by October.
» FULL STORY | | | |
| | J.P. Morgan Gives Lyft Shares a Boost |  | | Ride share apps have replaced the traditional taxi business | Despite a big drop for the average stock today, shares of recent-IPO Lyft (LYFT) surged higher about 5 percent. This came on a recommendation at J.P. Morgan recommending the stock, citing the potential for rise to $86, a 57 percent boost from current prices.
The report further cites potential improvement as competition slows down in the space, and high-growth rates can be maintained.
» FULL STORY | | | |
| | Unusual Insider Activity: The Hershey Company (HSY) |  | Multiple insiders at The Hershey Company (HSY) have been buying shares, even with the company trading close to all-time highs.
These buys include the CFO and President, and amount to nearly $500,000. More buys may be coming in the next few days.
Typically, corporate insiders pick up shares when they sense an undervaluation. The only reason for insiders to buy more shares in the open market are in anticipation of a bigger move higher.
» FULL STORY | | | |
| | Unusual Options Activity: AT&T (T) |  | | Networks and now content are the backbone of AT&T's success | Some traders are betting on a drop in AT&T (T).
The telecom/media conglomerate has been trading in a $30-33 range for most of the past year, with the recent downturn taking shares down to around $30 on Friday.
With a surge in volume on June put options for $29.50 and $30.00, some traders are expecting further weakness in shares before June options contracts expire, although not by much.
» FULL STORY | | | |
| IN OTHER NEWS | | | | | | • | Despite a 5.8 percent GDP growth rate, India lost its title as fastest-growing big economy to China. | | | | | • | Meanwhile, China is also planning to create a blacklist of individuals and companies that it sees discriminating against it. | | | | | • | One company still doing business in China, Tesla Motors, will do so with a 13 percent price cut for its Model 3. | | | | | • | Proving that few jobs are safe from automation, window washers may now face robot competition. | | | | | • | The NYC subway system finally allows users to pay with Apple, Google, Samsung and Fitbit Pay via contactless swipes. | | | | | • | Real estate developers in Los Angeles report that there may be too many new mega mansions. | | | | | • | On the other side of the country, Ironman Mark Sisson picks up a Miami Beach apartment for $13.25 million. | | | | | • | After a 45-year bear market, it may be time for corn to become the next big commodity rally. | | | | | • | Citing changing consumer tastes, Coca-Cola is once again selling a version of its product with coffee. | | | | | • | Finally, despite the trade war fears in markets, The Hill reports that President Trump's approval rating hits a two-year high of 48 percent. | | |
| S&P 500 MOVERS | | | | | TOP | | | COO | 3.962% |  | | | | DISH | 3.884% | | | | | DLTR | 3.336% | | | | | NEM | 3.116% | | | | | ESS | 2.2% | | | | | BOTTOM | | | GPS | 9.32% |  | | | | SYY | 7.649% | | | | | MAT | 7.163% | | | | | APTV | 6.742% | | | | | STZ | 5.788% | | | | | | *from CNBC.com | |
| Quote of the Day | | | |  | | On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP. | - President Trump, via Twitter  | |
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