 | |  Good morning. A generation ago, workers tended to stay at the same company for years, if not decades. Today, it's expected for anyone building a career to move between jobs every few years. That allows for the fastest way to get higher pay and a better job title along the way. Now, anyone who has been at a job for two years won't be passed up by a potential new employer.
There's one glaring exception, however: A company CEO. When a company CEO leaves—whether voluntarily or not—within less than a few years, it's a sign that they weren't a good fit for the company. That's the case with John Flint, who just got booted from HSBC bank after only 18 months on the job, as the board of directors looks for "a different approach" to the underperforming bank going forward. | | | | | | | | Just Released: The Top 8 Stocks to Buy for 2019 | | | |  Of the nearly 4,500 publicly traded stocks on the market, no more than 50 deserve your money. Of that small group, only 8 are now trading at a price that makes them attractive to buy. In fact, I believe these are the only stocks worth your time and money.
These "Power Elite" stocks knock it out of the park year after year after year because they've tapped into the 3 most powerful forces in the global economy: Addiction. Necessity. And monopoly.
In other words, they sell products that people can't stop buying. This free video explains why. | |
| | |  | DOW 25,718.35 | -2.89% | | | | S&P 2,844.77 | -2.98% | | | | NASDAQ 7,726.04 | -3.479% | | | | | *As of market close | | | • | Stocks had their worst day of 2019 on Monday, as China devalued the yuan. The Nasdaq took the biggest hit with a 3.47 percent drop, and the Dow and S&P 500 down nearly 3 percent. | | | • | Oil dropped again on trade war uncertainties to $54, and gold rallied to $1,475. | | | • | Cryptocurrencies also moved higher over the weekend and into Monday, as traders sought hedges old and new. | | | |
| | | China Escalates Trade War With Yuan Devaluation | | | | Stocks posted their worst trading day of 2019 on Monday, as China allowed its currency, the yuan, to devalue under 7.05 per U.S. dollar, its lowest level in more than a decade.
The move is to make the country's currency weaker relative to the dollar, which gives it an advantage over other currencies in international trade.
» FULL STORY | | | | |
| | Business Expectations Hit Record Low on Trade Uncertainty | | | | Purchasing Managers' Index (PMI) data for June showed a surprise rise, hitting 53, against a 51.5 read in June. This is the second month in a row that the data has shown economic growth.
However, even as the hard numbers have shown a rise, business expectations hit a record low. This is the sixth month in a row for sliding confidence, reflecting the rising uncertainty in the economy throughout the year.
» FULL STORY | | | | |
| | Insider Activity: Arch Coal (ARCH) | | | | On Friday, August 2nd, director Robert Hamill bought 1,000 shares of Arch Coal (ARCH), shelling out over $78,000 for the stake. He was joined by director James Chapman, who also bought 1,000 shares the same day at a slightly higher price.
Both buys came a day after director Holly Koeppel bought 2,200 shares, paying over $195,000—and about 15 percent higher than where shares currently trade.
» FULL STORY | | | | |
| | | | Unusual Options Activity: Nvidia (NVDA) | | | Many tech names took a steep dive on Monday on trade war fears. But traders were betting those would be short lived. One name that saw multiple options with unusual activity was Nvidia (NVDA), maker of advanced graphic processors.
The August 30th $155 call was one of several options on the company that saw unusual trading, with over 1,580 shares trade against an open interest of 114, making for a 14-fold surge in volume.
» FULL STORY | | | | |
| | • | Trade war fears send 10-year Treasury yields to below 1.75 percent. | | | | • | As the trade war continues, the boom in iron ore prices in 2019 could go bust. | | | | • | And retail names will also likely suffer even more as cheap imports come to an end. | | | | • | And if the trade war escalates, a recession could hit within 9 months, Morgan Stanley finds. | | | | • | Should China start buying Iranian oil, prices could plunge to $30, warns Bank of America. | | | | • | As restaurants have started to charge more, customers are still coming in droves, a sign of consumer strength. | | | | • | In tech, events planning startup Fever raises $35 million. | | | | • | And SmartNews, an AI news aggregation app, gets $28 million in financing at a $1.1 billion valuation. | | | | • | In real estate, Bruce Willis sells his Turks and Caicos compound for $27 million. | | | | • | In earnings, Tyson Foods misses on revenue estimates, but shares rally. | | |
| | | | TOP | | | TSN | 5.103% | | | | ABMD | 1.949% | | | | JEC | 1.669% | | | | NEM | 1.382% | | | | WEC | 0.543% | | | | BOTTOM | | | NKTR | 7.366% | | | | WYNN | 7.185% | | | | VLO | 6.64% | | | | NVDA | 6.452% | | | | TPR | 6.42% | | | | | PFE
| | |  | | On a scale of 1-10, it's an 11… while there were measures that could have been chosen with larger direct effects on supply chains, the announcements from Beijing represent a direct shot at the White House and seem designed for maximum political impact… We expect a quick (and possibly intemperate) response from the White House, and consequently expect a more rapid escalation of trade tensions." | - Cowen Analyst Chris Krueger on China's trade war escalation  | |
|
No comments:
Post a Comment