The government's war against the gig economy continues. After last month's bill in California to limit gigs that didn't pay full-time wages and benefits, New Jersey has joined the fray.
 | You're receiving this email because you are subscribed to Trading Tips,
if you no longer wish to receive these emails you can Manage Subscriptions. | |  | | |
| |  Good morning.. The government's war against the gig economy continues. After last month's bill in California to limit gigs that didn't pay full-time wages and benefits, New Jersey has joined the fray. The Garden State has hit ride-share giant Uber with a $650 million tax bill. Or, rather $523 million in taxes and $119 million in interest.
The state's rationale? By having gig employees, rather than full-time ones, the company isn't providing benefits, including state benefits, such as paying into the state unemployment and disability fund. By reclassifying drivers as employees, however, Uber's costs would rise by at least 20 percent— still cheaper than traditional cab companies, but not by much.
| | | |
|
|
| | |
 | DOW 27,781.96 | -0.01% | | |
 | S&P 3,096.64 | +0.08% | | |
| NASDAQ 8,479.02 | -0.04% | | |
|
| *As of market close |
|
| • | Stocks shrugged off intraday losses, closing flat. | | | • | Oil fell 0.4 percent, to $56.90per barrel. | | | • | Gold rose 0.5 percent, to $1,470 per ounce. | | | • | Cryptocurrencies dropped more than 1 percent on average, with bitcoin trading at $8,712. | | |
|
|
|
| Two Tech Companies that Could Rally From Here | |
|
|
All sectors of the market go in and out of favor. For the past few years, however, the usually high-flying technology names have stalled. That's likely due to fears of a slowing economy and the trade war issue that seems to be holding things back.
While that's given value investments some time to shine, nothing lasts forever, and a number of fast-growing tech companies could beat the slow tech trend and head higher to close out the year.
» FULL STORY |
|
| |
|
|
| Insider Trading Reports: Trinity Industries (TRN) | |
|
|
Brandon Boze, investment manager at ValueAct Capital, purchased another 677,500 shares of Trinity Industries (TRN). The buy, which cost the fund over $14.5 million, increased their stake by 2.8 percent and leaves the fund just shy of 24.9 million shares.
ValueAct owns over 10 percent of the company, and has been a repeat buyer of shares, with buys as much as 35 percent higher than where shares currently trade. There have been a handful of sales from executives.
» FULL STORY |
|
| |
|
|
| Unusual Options Activity: The Walt Disney Company (DIS) | |
|
|
The September 18th, 2020 $180 call options on The Walt Disney Company (DIS), saw over 2,100 contracts trade, a 12-fold surge in volume. Given the current share price of $147, the option will close in-the-money if shares rally over 22 percent in the next 10 months.
Shares of Disney have already jumped this week as the company announced that its streaming service, Disney+, was so popular that it already has 10 million subscribers.
» FULL STORY |
|
| |
|
| | |
| TOP | | | DXC | 3.555% | | | | NTAP | 3.18% | | | | MOS | 3.1% | | | | HPO | 3.072% | | | | XRX | 2.793% | | | | BOTTOM | | | CSCO | 7.326% | | | | KHC | 5.897% | | | | CNP | 4.984% | | | | REGN | 2.845% | | | | MHK | 2.644% | | | |
| | |
 |
| The most outstanding feature of this cycle since 2008 is always going to be fear. I've referred to this cycle to some degree as a bearish bull market. It keeps the market from getting so far over its skis that it has to have a bear market |
-Jim Paulsen, Chief Investment Strategist at The Leuthold Group, explaining why this bull market has lasted for so long, and why it has now become the best-returning one of the post-World War II era.  |
|
No comments:
Post a Comment