Using the government as a tool to suppress competition is business as usual, particularly for large businesses. That's why a retailer like Wal-Mart doesn't mind higher minimum wages, for instance.
 | | Good morning. Using the government as a tool to suppress competition is business as usual, particularly for large businesses. That's why a retailer like Wal-Mart doesn't mind higher minimum wages, for instance. It may hurt the company's bottom line, but it may regulate many mom and pop operations out of business and thus reduce competition or potential competition.
But sometimes, David will use the power of the government to contain Goliath. Over the weekend, the Retail Industry Leaders Association (RILA), a group with over 200 members, sent a letter to the FTC asking for an investigation into prominent tech companies like Amazon and Google are manipulating search results that disadvantage traditional retailers. With the FTC and DOJ already looking into the big tech names, these smaller companies may end up providing the evidence they need to act. | | |
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| | |  | DOW 26,786.68 | +0.25% | | | | S&P 2,973.01 | +0.29% | | | | NASDAQ 8,109.09 | +0.22% | | | | | *As of market close | | | • | Stocks traded mostly flat on Tuesday, as markets had a "now what?" moment following the trade war truce, before rallying into the close. | | | | • | Oil prices were the big loser of the day, down 3 percent, despite the OPEC production cut deal. | | | |
| | | U.S.-EU Trade Dispute Heats Up | | 
| | Tensions rise on aircraft subsidies. | | With the United States and China declaring a truce on trade, focus has shifted to the European Union. On Tuesday, the U.S. announced that it may impose new tariffs on about $4 billion in goods from the EU.
The news was enough to take the air out of Monday's rally, and stocks had a rough day trading around break-even as a result.
» FULL STORY | | | | |
| | Nike Pulls Betsy Ross Flag Shoes | |  | | Shoemaker pulls proposed design ahead of Independence Day launch. | | Shoe manufacturer Nike (NKE) pulled its Air Max 1 USA sneaker on Tuesday. The shoe was expected to go on sale in celebration of Independence Day on Thursday.
The product was pulled after a complaint from paid endorser Colin Kaepernick. He reportedly told the company that the Betsy Ross flag was a symbol that he and others considered offensive due to its connection to an era of slavery.
» FULL STORY | | | | |
| | | | Insider Activity: Pitney Bowes (PBI) |  | | Insiders have never sold shares in the past three years. | | While names related to transportation and trade haven't looked attractive in the midst of slowing global trade and tariff fears, insiders see an opportunity in Pitney Bowes (PBI).
On June 30th, Executive Vice President Jason Dies bought 1,500 shares, increasing his stake in the company by 25 percent. Insiders have been net buyers, with no insider sales at the company, for nearly three years.
» FULL STORY | | | | |
| | Unusual Options Activity: Chesapeake Energy (CHK) | |  | | Big bet on natural gas producer during summer slump. | | Shares of Bank of America (BAC) could move up to 23 percent higher between now and February.
That's based on a surge in volume on the February 21st 2020 $36 calls. Over 1,400 contracts traded on Monday, about a 12-fold increase in the existing open interest on the bank.
Shares are currently around $29.50, so this out-of-the-money trade needs the big percentage move to lock in a profit by the expiration in February.
» FULL STORY | | | | |
| | | | TOP | | | LHX | 4.277% | | | | HCP | 3.136% | | | | IPG | 2.974% | | | | WELL | 2.973% | | | | IRM | 2.93% | | | | BOTTOM | | | APA | 6.164% | | | | EOG | 5.941% | | | | MRO | 4.912% | | | | FANG | 4.737% | | | | DVN | 4.706% | | | | |
| | Top Rated Financial Stocks |  | | | |
| | |  | | Although a truce has been called between U.S. and China, global manufacturing is in a very bad shape | - Tamas Varga, PVM Oil Associates analyst on oil's decline Tuesday.  | |
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