Passport to Wall Street http://www.pws.io/ pl-PL Copyright 2019, Passport to Wall Street 60 ETF weekly update. http://www.pws.io/etf-weekly-update-1-2-3-4-5 <p class='black-text'>The markets have started the week continuing to recover from last weeks Monday decline. The S&P 500 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> finds itself about flat for the week, flirting with the 50 day moving average.</p><p class='black-text'>The Nasdaq 100 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QQQ"><span style="color:#333">(</span><span style=";">QQQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QQQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QQQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QQQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has performed a little worse however as investors continue to price in the latest restrictions pending against Chinese phone manufacturer Huawei. Tech stocks have been held back which has held back the performance of the index.</p><p class='black-text'>Semiconductors <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SMH"><span style="color:#333">(</span><span style=";">SMH</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SMH" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SMH" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SMH" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> sold off hard Monday but saw a recovery rally Tuesday partially on the news of easing restrictions on Huawei for now. Though China's largest phone maker was not happy with the decision it did help chip stocks recover from the recent price plunge. Technical traders will cited the support of the 200 day moving average along with the short term oversold condition of the sector.</p><p class='black-text'>Healthcare <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLV"><span style="color:#333">(</span><span style=";">XLV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> hinted at some relative strength on Monday and since then has shown more strength. Technical traders are looking at a clear downtrend line as the next resistance area to ty and break through to help the underperforming sector. For the year this is the worst performing sector in the S&P 500.</p><p class='black-text'>Home Builders <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XHB"><span style="color:#333">(</span><span style=";">XHB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XHB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XHB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XHB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> enjoyed some strength on reports of new home construction beating estimates for last month along with higher sentiment from builders about the state of the industry. One negative was single family home permits which fell to a new 3 year low which is used as a forecast for future construction numbers.</p><p class='black-text'>All in all investors are continuing to focus on trade war escalations with China as there seems to be no deal in sight. President Trump has said he plans to meet with President Xi at next week's G20 meeting though many are confident it will not lead to a deal. Best case it helps to start the negotiations again.</p> http://www.pws.io/etf-weekly-update-1-2-3-4-5 Wed, 22 May 2019 10:00:45 -0400 Dustin Tibbitts Stock market higher for a change... http://www.pws.io/stock-market-higher-for-a-change <p class='black-text'>The markets traded higher today following a temporary easing of restrictions on Huawei which gave investors confidence to put some risk on. The Dow 30 closed higher by 197 the S&P 500 gained 24 and the Nasdaq closed higher on the day by 83.</p><p class='black-text'>Existing home sales fall to an annualized rate of 5.19 million which came in below the 5.35 million expectations. The median home price was higher by 3.6% to $267,300 which is the highest ever reading for the month of April. The National Association of Realtors cited limits on tax deductions as the reason for slowing sales of homes on the higher end. Sales in the Western US were the only region to enjoy a pop in purchases.</p><p class='black-text'>Sector News</p><p class='black-text'>Semiconductors <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SMH"><span style="color:#333">(</span><span style=";">SMH</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SMH" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SMH" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SMH" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> saw a recovery rally today partially on the news of easing restrictions on Huawei for now. Though China's largest phone maker was not happy with the decision it did help chip stocks recover from the recent price plunge. Technical traders will cited the support of the 200 day moving average along with the short term oversold condition of the sector.</p><p class='black-text'>Healthcare <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLV"><span style="color:#333">(</span><span style=";">XLV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> hinted at some relative strength on Monday and since then has shown more strength. Technical traders are looking at a clear downtrend line as the next resistance area to ty and break through to help the underperforming sector. For the year this is the worst performing sector in the S&P 500.</p><p class='black-text'>Home Builders <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XHB"><span style="color:#333">(</span><span style=";">XHB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XHB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XHB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XHB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> enjoyed some strength on reports of new home construction beating estimates for last month along with higher sentiment from builders about the state of the industry. One negative was single family home permits which fell to a new 3 year low which is used as a forecast for future construction numbers.</p><p class='black-text'>Stock News</p><p class='black-text'>Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were in the news today as Morgan Stanley <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MS"><span style="color:#333">(</span><span style=";">MS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> said their worst case target for Tesla is now $10. The analyst firm currently has a price target of $230 but has a history of taking both sides with their "worst case" targets. The analyst says that they have concerns about profitability and Chinese demand which led them to lower their worst case target. Shares traded lower on the news but hovered around the $200 area.</p><p class='black-text'>Kohls <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KSS"><span style="color:#333">(</span><span style=";">KSS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KSS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KSS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KSS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares took a beating today as the company reported earnings that were lower than expected by 7 cents. Though revenue was just above expectations investors focused on sales which missed by a wide margin. Sales were expected to drop but only by 0.2%. The company reported a sales decline of 3.4% which caused them to guide lower for the rest of the year.</p><p class='black-text'>AutoZone <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AZO"><span style="color:#333">(</span><span style=";">AZO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AZO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AZO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AZO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares enjoyed a strong day today as the company reported earnings that easily beat expectations. Store sales continue to be on fire as well with year over year growth of 3.9%. This marks the 5th earnings beat in a row for the parts retailer.</p><p class='black-text'>JCPenney <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/JCP"><span style="color:#333">(</span><span style=";">JCP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="JCP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="JCP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="JCP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were lower on the day following another disappointing earnings season. The company lost more than Wall Street expected thanks to more slowing sales than expected. Same store sales dropped 5.5% versus 4.2% expected leaving investors bearish.</p> http://www.pws.io/stock-market-higher-for-a-change Tue, 21 May 2019 16:55:34 -0400 Dustin Tibbitts Kamala Harris Is an Establishment Pick http://www.pws.io/kamala-harris-is-an-establishment-pick <p class='black-text'>On January 21, Senator Kamala Harris (D-CA) officially announced that she is running for the Democratic nomination for US president in 2020, putting months of speculation to rest. As one of the first candidates to announce, Harris has had a long time to prepare her <a href="https://kamalaharris.org/">campaign</a>, dominate the news cycle, and become the establishment pick. Yet despite her name recognition and <a href="https://www.axios.com/kamala-harris-2020-presidential-election-fundraising-first-quarter-9d963751-b229-4235-bf51-7ed344b42a61.html">fundraising </a>of $12 million from over 218,000 individual donors, Harris has been struggling in the polls compared to Senator Bernie Sanders (I-VT) and former Vice President Joe Biden.</p><p class='black-text'><a href="https://www.businessinsider.com/who-is-kamala-harris-bio-age-family-key-positions-2019-3">Harris </a>was born in 1964 to an Indian mother and Jamaican father in Oakland, California. She attended Howard University and studied political science and economics. Then she attended the University of California, Hastings College of the Law and became a lawyer in 1990. She served as Alameda County's deputy district attorney until 1998 and was elected as San Francisco's district attorney in 2003, where she served until 2011. In 2011, she ran for California Attorney General and won to become the state's first female top lawyer. Harris ran for the US Senate in 2016 and won. She currently serves as the junior Senator from California on the Budget, Intelligence, Judiciary, and Homeland Security Committees.</p><p class='black-text'>Harris is both moderate and liberal as a politician. She has a few signature <a href="https://www.pbs.org/newshour/politics/what-does-kamala-harris-believe-where-the-candidate-stands-on-9-issues">policy proposals</a>. First is her tax cut bill. The LIFT the Middle Class Act would enact a small universal basic income in the form of refundable tax credits for the poor and middle class. It would give couples earning $100,000 or less $6,000 a year and repeal part of the Republican tax cuts. Second is criminal justice reform. She supports cash bail reform, marijuana legalization, and ending the death penalty. Third is climate change. She supports the Green New Deal and wants to investigate oil giants for misleading the public with their research. On other issues, she holds standard liberal positions. She is pro-choice and supports LGBTQ rights. She wants an assault weapons ban. She opposes President Trump's foreign policy. She wants a humane immigration policy and protection for undocumented minors. She supports universal healthcare but is fine with either Medicare for all or a public option.</p><p class='black-text'>Harris's largest challenges are her <a href="https://www.nytimes.com/2019/02/11/us/kamala-harris-progressive-prosecutor.html">record </a>and popularity slump. Conservatives and center-right independents believe she is a far-left socialist due to her support for the Green New Deal, gun control, and immigration reform. Progressives point at her California record, where she charged poor black families with truancy and cracked down on sex workers, to say she is a bad centrist. So she is neither right enough for Republican-learning independents nor left enough for the Democratic Party's progressive base. Also, Harris is struggling to stay in the top 5 in polls with a crowded field of 22 candidates. Her identity as a female person of color should help in the primary, but she needs to do something before the first caucus to seem more exciting to voters.</p> http://www.pws.io/kamala-harris-is-an-establishment-pick Mon, 20 May 2019 11:04:45 -0400 Eric Yao Elizabeth Warren is the Policy Wonk http://www.pws.io/elizabeth-warren-is-the-policy-wonk <p class='black-text'>Senator <a href="https://elizabethwarren.com/">Elizabeth Warren </a>(D-MA) officially announced on February 9 that she is running for the Democratic nomination for US president in 2020, putting months of speculation to rest. As someone known for being a more progressive policy wonk, she needs to attract voters while being in between popular progressive firebrands like Senator Bernie Sanders (I-VT) and relative moderates like Mayor Pete Buttigieg. Warren's plan of releasing a new policy proposal nearly every week has succeeded in dominating the news cycle and supporting her poll numbers.</p><p class='black-text'><a href="https://www.businessinsider.com/who-is-elizabeth-warren-bio-age-family-key-positions-2019-3">Warren </a>was born in 1949 to a middle class family in Oklahoma City. She met her husband Jim Warren in high school. She attended the University of Houston and studied speech pathology and audiology. Then she attended Rutgers Law School and became a lawyer for a while. In 1978, she began her academic career as a lecturer at Rutgers. Then she taught law at the University of Texas and the University of Pennsylvania. In 1995, she transitioned to Harvard Law School with an expertise in bankruptcy and commercial law. She taught at Harvard until her run for US Senate in 2012, and she easily won reelection in 2018. As Senator, Warren serves on the Armed Services, Banking, and Health, Education, Labor, and Pensions Committees.</p><p class='black-text'>Warren's <a href="https://slate.com/news-and-politics/2019/05/elizabeth-warren-policy-ideas-guide-2020.html">platform </a>has five main pillars: End corruption, rebuild the middle class, strengthen democracy, equal justice under law, and smart foreign policy. Her anti-corruption proposal includes closing lobbying loopholes and the revolving door between the public and private sectors, banning former Congresspeople from becoming lobbyists, and requiring federal candidates to release tax returns. Her middle class platform includes antitrust enforcement against big corporations, an ultra-millionaires wealth tax, a housing plan, universal childcare and Medicare for all, a Green New Deal, and student loan debt relief. Her democracy plank includes prohibiting gerrymandering, overturning Citizens United, automatic voter registration, and protecting elections from foreign interference. She supports criminal justice reform, marijuana decriminalization, and police demilitarization. Her foreign policy calls for bringing the troops home, cutting defense contractor expenses, and strengthening ties with allies.</p><p class='black-text'>One of the Democratic Party's most prolific policy wonks, Warren continues to release many proposals during her presidential campaign, keeping the political media focused on her. But she also has many <a href="https://www.cnn.com/2019/05/18/politics/elizabeth-warren-bernie-sanders-poll-of-the-week/index.html">challenges </a>as an older candidate in a crowd of younger faces. President Donald Trump likes to attack her. Progressive voters are inclined to choose Bernie, moderate voters have many options, and identity voters prefer Buttigieg or Senator Kamala Harris (D-CA). Still, Warren polls third in many polls, and many voters remain undecided. If Warren can successfully promote her policies on the debate stage, then millions more Americans could cast their vote for her.</p><div class="image-holder"><img id="7079" alt="Senator Elizabeth Warren (D-MA) announces her 2020 presidential campaign at Everett Mills, in Lawrence, Massachusetts on February 9, 2019." src="//images1.paszport.ws/uploaded_images/1558371312-5ce2dbf003fc7.jpg" /><div class="copyright-holder">&copy; Chuck Kennedy for Warren 2020</div></div><div class="image-description">Senator Elizabeth Warren (D-MA) announces her 2020 presidential campaign at Everett Mills, in Lawrence, Massachusetts on February 9, 2019.</div> http://www.pws.io/elizabeth-warren-is-the-policy-wonk Mon, 20 May 2019 10:58:00 -0400 Eric Yao Blockchain & Crypto Week of May 19 in Review http://www.pws.io/blockchain-crypto-week-of-may-19-in-review <p class='black-text'>The third week of May has been exciting for the blockchain and cryptocurrency world. Perhaps the biggest news is that <a href="https://blog.blockport.io/blockport-sto-results/">Blockport </a>announced its security token offering (STO) failed to reach its goals and it will essentially shut down operations. The cryptocurrency exchange startup said its STO did not hit the soft cap of 1 million euros, and the firm will refund its STO investors. Blockport also said it will drastically scale down the business and lay off most of its staff. The firm added users can still withdraw funds from the platform while operations wind down. Finally, Blockport said it is seeking partners for a potential future reboot. The price of BPT tokens collapsed 87% over the week.</p><p class='black-text'>Here is the rest of the week in review:</p><p class='black-text'>The <a href="https://www.coindesk.com/tether-ordered-to-freeze-transfers-to-bitfinex-by-new-york-supreme-court">New York Supreme Court</a> ordered Bitfinex and Tether to submit documents and freeze transfers among the entities. Judge Joel Cohen issued an opinion on Thursday that requires the cryptocurrency exchange and stablecoin firm cease lending to each other. Cohen's ruling also says the firms must turn over to New York documents relating to a loan and line of credit. The court's injunction lasts for 90 days, and the New York Attorney General can ask the court for an extension afterward. Bitfinex praised the court's decision and said it will continue defending itself from the state's attorney general.</p><p class='black-text'><a href="https://www.coindesk.com/brave-browser-to-raise-over-30-million-in-series-a-equity-round-sources">Brave </a>is seeking to raise a Series A funding round of between $30 and $50 million, according to insider sources. Founded in 2016 and having previously raised $35 million in a few minutes in 2017, the privacy browser startup is looking for a new valuation of about $133 million. The browser firm recently debuted Brave Ads, a program that pays BAT tokens to users who choose to view ads in the Brave browser. The potential funding round will be equity investment, unlike its 2017 initial coin offering (ICO), which was funded with BAT tokens. Brave declined to comment on the news.</p><p class='black-text'>Crypto prices fell dramatically in the middle of the week before rebounding during the weekend to end at nearly $248 billion. For the majors, Stellar (XLM), Binance Coin (BNB), and Ethereum (ETH) led the price rise, while Litecoin (LTC) and Tether (USDT) posted the smallest gains. In the top 100, the biggest losers are ABBC Coin (ABBC), down 12%, Factom (FCT), down 6%, and Mixin (XIN), down 6%. The biggest gainers are NEM (XEM), up a whopping 63%, Verge (XVG), up 59%, and LATOKEN (LA), up 58%. Traders will keep watching if Bitcoin (BTC) can keep the crucial $8,000 support level.</p><p class='black-text'><i>The author owns a small amount of BTC and LTC.</i></p> http://www.pws.io/blockchain-crypto-week-of-may-19-in-review Mon, 20 May 2019 10:47:45 -0400 Eric Yao Markets lower on more Huawei news. http://www.pws.io/markets-lower-on-more-huawei-news <p class='black-text'>The markets were lower to start the week following news of many of the chip makers as well as Google which began to confirm that they would not be working with Chinese phone giant Huawei.</p><p class='black-text'>The Dow 30 sold off 84 thanks in part to Intel. The S&P 500 sold off 19 and the tech heavy Nasdaq closed the day lower by 113. Tomorrow, investors will digest a slew of retail earnings both before and after market hours.</p><p class='black-text'>Sector News</p><p class='black-text'>Oil was higher overnight as well as today as Saudi Arabia says they are likely to continue with more cuts in production. In addition to that, President Trump warned Iran that they could face their "end" if they threaten the U.S. again. This comes after a rocket landed just shy of the U.S. Embassy in Baghdad. Both Saudi Arabia and the U.S. now have made clear that avoiding war is up to Iran.</p><p class='black-text'>Semiconductors sold off sharply today as investors responded to news that many chipmakers are ceasing business with Huawei. Qualcomm <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QCOM"><span style="color:#333">(</span><span style=";">QCOM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QCOM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QCOM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QCOM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Broadcomm <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AVGO"><span style="color:#333">(</span><span style=";">AVGO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AVGO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AVGO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AVGO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Intel <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/INTC"><span style="color:#333">(</span><span style=";">INTC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="INTC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="INTC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="INTC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> are among those that have confirmed they will not do business with the firm. According to Evercore, Huawei buys approximately $20 billion in chips each year.</p><p class='black-text'>Stock News</p><p class='black-text'>Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares sold off again today, breaking below the $200 area early in the morning. The company sold off on analyst comments from Wedbush which raised concerns about profitability in the second half of this year. The analyst cited an "uphill battle" wich caused them to lower their forecast for the stock from $275 to $230.</p><p class='black-text'>Lyft <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LYFT"><span style="color:#333">(</span><span style=";">LYFT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LYFT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LYFT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LYFT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were in the news again today as the company is being sued by a group of investors claiming that the company made "false and misleading" statements which helped support an "inflated" share price. Shares of Lyft remain near lows, losing about 30% from it's opening price.</p><p class='black-text'>T-Mobile <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TMUS"><span style="color:#333">(</span><span style=";">TMUS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TMUS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TMUS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TMUS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Sprint <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/S"><span style="color:#333">(</span><span style=";">S</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="S" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="S" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="S" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were both higher today as they got the backing of the FCC Chairman for their merger. The company announced the concessions they were willing to make to appease the Justice Department which may just be enough to win approval. Later in the day shares of Sprint were halted on news that the Justice department may not approve the deal.</p> http://www.pws.io/markets-lower-on-more-huawei-news Mon, 20 May 2019 08:24:58 -0400 Dustin Tibbitts IPO weekly update. http://www.pws.io/ipo-weekly-update-1 <p class='black-text'>As we've mentioned all year long, this is and will continue to be a busy year for headline IPO's. So far has not been a disappointment. Last week saw major price fluctuations in recent IPO's like Uber <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UBER"><span style="color:#333">(</span><span style=";">UBER</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UBER" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UBER" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UBER" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, and BeyondMeats <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BYND"><span style="color:#333">(</span><span style=";">BYND</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BYND" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BYND" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BYND" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> which nearly hit a $6 billion market cap. We also had a very successful IPO from what was labeled the Chinese Starbucks rival, Luckin Coffee <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LK"><span style="color:#333">(</span><span style=";">LK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. They were able to raise $561 million in their IPO which gained 20% in its first day. There were three other smaller IPO's that also had positive first day performance.</p><p class='black-text'>This week sort of starts a temporary, two week pause for the IPO markets but there are still a four names to take a look at. The bulk of the money raised this week is looking like it will be from one name.</p><p class='black-text'>Rattler Midstream <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/RTLR"><span style="color:#333">(</span><span style=";">RTLR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="RTLR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="RTLR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="RTLR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is another oil services company that is a large spin off from Diamondback Energy <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FANG"><span style="color:#333">(</span><span style=";">FANG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FANG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FANG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FANG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. The company will offer 33 million shares at a range of $16 -$19.</p><p class='black-text'>The three other names this week are in the biotech space and include two Phase 1 biotechs and one Phase 2. Peloton Therapeutics <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PLTX"><span style="color:#333">(</span><span style=";">PLTX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PLTX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PLTX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PLTX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is focused on kidney cancer and is currently in phase 2 medical trials for this medication. They will be offering 9.3 million shares at a range of $15 - $17 in hopes of raising $150 million.</p><p class='black-text'>Also in the cancer space is IDEAYA Biosciences <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/IDYA"><span style="color:#333">(</span><span style=";">IDYA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="IDYA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="IDYA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="IDYA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> which is a Phase 1 trial name that will be offering 5 million shares at a range of $13 - $15.</p><p class='black-text'>Finally, out of the UK we have Bicycle Therapeutics <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BCYC"><span style="color:#333">(</span><span style=";">BCYC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BCYC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BCYC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BCYC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> which is focused on precision cancer medications based on peptides that they seem to have named themselves after. They will offer 4.3 million shares at a range of $14 -$16.</p> http://www.pws.io/ipo-weekly-update-1 Sun, 19 May 2019 17:29:34 -0400 Dustin Tibbitts Stock markets close on a sour note. http://www.pws.io/stock-markets-close-on-a-sour-note <p class='black-text'>The markets were lower initially as earnings from Deere <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DE"><span style="color:#333">(</span><span style=";">DE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and weak Chinese earnings held back the global markets. Mid-morning consumer sentiment numbers came in better than expected which pulled the markets into the positive. By the afternoon however as CNBC reported that China trade talks have officially stalled. This sent all the major indices back into the red. The Dow closed the day lower by 98, the S&P 500 sold off 16 and the Nasdaq closed the day down 81.</p><p class='black-text'>Next week starts with Fed speak on Monday morning as well as the Fed Chairman talking in the evening. Healthcare investors will be focused on the UBS HealthCare conference which starts Monday as well.</p><p class='black-text'><b>Sector News</b></p><p class='black-text'>Semiconductors continued their weakness today following yesterday's Huawei news that the U.S. would ban them and their associates. The semiconductors are a vital part to the overall support of the market and were one of the culprits that held back the broad markets today.</p><p class='black-text'>For the most part, many of the other areas of the market remain in a vulnerable position following this weeks volatility. Investors will turn to next week's schedule of news for more clarity on the health of the Chinese markets, tariffs, and U.S. economic news.</p><p class='black-text'><b>Stock News</b></p><p class='black-text'>Pinterest <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PINS"><span style="color:#333">(</span><span style=";">PINS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PINS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PINS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PINS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were in focus today as the stock sold off double digits following their earnings report. In their first earnings report since being public the company showed a loss of $41 million on revenue if $201 million. The loss was blamed on adding new employees and they guided lower for the current quarter as well.</p><p class='black-text'>Luckin Coffee <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LK"><span style="color:#333">(</span><span style=";">LK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares had a rather successful IPO today as the company sold more shares than anticipated raising $561 million. Luckin is technically the second largest coffee chain in China though it is a distant second to Starbucks <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SBUX"><span style="color:#333">(</span><span style=";">SBUX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SBUX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SBUX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SBUX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr></p><p class='black-text'>Baidu <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BIDU"><span style="color:#333">(</span><span style=";">BIDU</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BIDU" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BIDU" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BIDU" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> along with many other Chinese names sold off hard today. Biadu shares saw a double digit sell off as the company showed a quarterly loss for the first time since 2005 when they IPO'd. The company also offered guidance for the current quarter that was below expected as they deal with a slowing Chinese economy.</p> http://www.pws.io/stock-markets-close-on-a-sour-note Fri, 17 May 2019 14:25:12 -0400 Dustin Tibbitts Markets nearly erase weeks losses. http://www.pws.io/markets-nearly-erase-weeks-losses <p class='black-text'>The markets were higher yet again today as positive earnings from Walmart and Cisco put a nice cap on a wild earnings season. The Dow 30 closed higher by 215, the S&P 500 added 25 and the Nasdaq added 75. The S&P 500 and the Nasdaq have now officially erased the weeks losses.</p><p class='black-text'>Sector News</p><p class='black-text'>Semiconductors were weak today as the U.S. moved ahead with a ban on Huawei. Sector is one of the few that have not erased this weeks losses.</p><p class='black-text'>Oil finally moved out of a choppy, two week range today as reports showed that Saudi Arabia launched air strikes against Iran in retaliation for drone attackes on Saudi oil stations earlier in the week. The commodity had it's first 3 day win streak of the month as it moves off the 200 day moving average.</p><p class='black-text'>Transports popped back above the 200 day moving average today and has now fully recovered Monday's losses, turning positive for the week.</p><p class='black-text'>Consumer staples broke to new 52-week highs today and now has gains of over 15% on the year.</p><p class='black-text'>Home Builders were higher on the day thanks to favorable housing econ. numbers as well as an upgrade of KB Homes.</p><p class='black-text'>Stock News</p><p class='black-text'>Walmart <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WMT"><span style="color:#333">(</span><span style=";">WMT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WMT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WMT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WMT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were higher today thanks to a positive earnings report. The company beat on earnings by 11 cents. Revenue came in less than expected but was blamed on global currency issues which investors were willing to overlook thanks to store sales which grew by 3.4%. Shares are about 3% from hitting new highs.</p><p class='black-text'>Cisco <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CSCO"><span style="color:#333">(</span><span style=";">CSCO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CSCO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CSCO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CSCO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were sharply higher today after reporting earnings that beat expectations by a whopping 77 cents. The company also reported earnings that were better than expected and guided higher for the current quarter despite the trade war issues at hand. Today alone shares have almost erased the entire month of May's declines.</p><p class='black-text'>PG&E <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PCG"><span style="color:#333">(</span><span style=";">PCG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PCG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PCG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PCG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were back in focus today as California state investigators officially determined that power lines owned by the company were the cause of last years fire that killed 85 people. Shares were largely unchanged on the report.</p> http://www.pws.io/markets-nearly-erase-weeks-losses Thu, 16 May 2019 15:07:24 -0400 Dustin Tibbitts Stock Market Recovers Some of Yesterday's Losses http://www.pws.io/stock-market-recovers-some-of-yesterdays-losses <p class='black-text'>The markets rallied back yesterday, recovering some of the losses from the day prior as comments from President Trump helped calm the concern that the trade war negotiations were collapsing. The Dow 30 closed higher on the day by 207, though it pulled back from the highs it reached. The S&P 500 followed suit with a gain of 22 and the Nasdaq added 87. Investors noticed the pullback from the highs of the session as volume was light. This could cause a bit of caution from the bulls in the short term.</p><p class='black-text'>Sector News</p><p class='black-text'>Semiconductors <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SMH"><span style="color:#333">(</span><span style=";">SMH</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SMH" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SMH" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SMH" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> were one of the many sectors to enjoy a recovery bounce with a gain that erased about half of their losses earlier this week. The sector has been severely beaten down lately, pushing into correction territory on Monday's decline. Though today saw a recovery, many technical investors are concerned that the 200-day moving average is still in play.</p><p class='black-text'>Oil <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/USO"><span style="color:#333">(</span><span style=";">USO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="USO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="USO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="USO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> also attempted a recovery rally today as investors' concerns over trade were comforted by President Trump's comments. Oil has been a tricky area to invest in lately, as it has trended perfectly sideways for two weeks now. The saving grace for oil bulls is the 200-day moving average, which continues to act as support.</p><p class='black-text'>Financials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLF"><span style="color:#333">(</span><span style=";">XLF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which have shown some relative strength in this latest market pullback, have now recovered almost all of Monday's losses. Technical traders note the pullback to the 200-day moving average, which has held so far along with some prior price support from earlier this year.</p><p class='black-text'>Industrials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLI"><span style="color:#333">(</span><span style=";">XLI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> can say they have also held the 200-day moving average thanks to a rally perfectly off the popular moving average. While other sectors broke through the 200-day this week, industrials have managed to hang on for the moment.</p><p class='black-text'>Stock News</p><p class='black-text'>Tencent Music <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TME"><span style="color:#333">(</span><span style=";">TME</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TME" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TME" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TME" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares fell to new 3 month lows as the company reported its second earnings since going public. The Chinese media streaming service did beat on earnings, but missed on revenue. Comments that they're now able to charge more for their content were a bright spot for investors, as this change is starting to show in their financials. Shares are still higher than their IPO price, but have been trending lower ahead of the lockup expiration.</p><p class='black-text'>Walmart <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WMT"><span style="color:#333">(</span><span style=";">WMT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WMT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WMT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WMT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were in the news today as the company announced free next-day shipping on about 220,000 products in parts of California, Nevada, and Arizona. The offering comes with no requirements of a membership, which is in contrast to Amazon Prime. Shares of Walmart have been in a steady uptrend, trading above the 200-day moving average.</p><p class='black-text'>T-Mobile <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TMUS"><span style="color:#333">(</span><span style=";">TMUS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TMUS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TMUS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TMUS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Sprint <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/S"><span style="color:#333">(</span><span style=";">S</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="S" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="S" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="S" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> have reportedly been considering making some concessions to the Justice Department to win approval for their $27 billion merger. Part of the consideration was selling off their pre-paid cell divisions.</p> http://www.pws.io/stock-market-recovers-some-of-yesterdays-losses Wed, 15 May 2019 04:35:15 -0400 Dustin Tibbitts Markets Suffer Losses on Trade War Retaliation http://www.pws.io/markets-suffer-losses-on-trade-war-retaliation <p class='black-text'>The markets sold off hard all morning long as investors worked to re-price the markets given the latest tariff tit-for-tat between the U.S. and China. The Dow was lower by 700 points, which has only happened 7 other times in history. Ultimately it closed lower by 618. The S&P 500 pulled back to the 2800 level, where it found a little intraday support, but still lost 69 on the day. The Nasdaq was the hardest hit with a loss of 269 today.</p><p class='black-text'>Sector News</p><p class='black-text'>Semiconductors continue to be a weak area of the market as investors focus 100% on the trade war between China and the U.S. The semis have now given back all of April's gains and seem to be headed back to the 200-day moving average. In the short-term, this is the pullback that many investors have been waiting for.</p><p class='black-text'>Oil was initially higher as it was reported overnight in Saudi Arabia that two of their tankers were the subject of a sabotage attack. As the U.S. markets began their morning, however, oil prices slid on the Chinese retaliation in the escalating trade war.</p><p class='black-text'>Stock News</p><p class='black-text'>Uber <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UBER"><span style="color:#333">(</span><span style=";">UBER</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UBER" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UBER" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UBER" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares traded lower again today as the new IPO continues to be under pressure from a valuation standpoint. After launching on Friday the stock sold off almost 8% and today was already lower by 5% before the market even opened. This is now on record as one of the worst 2-day performances by a new, headline IPO in the last 10 years.</p><p class='black-text'>Shares of Apple <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> sold off sharply today as investors continue to worry about the trade war and how it will play into future earnings and growth. Goldman Sachs <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GS"><span style="color:#333">(</span><span style=";">GS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has also been warning clients to move away from tech companies with a product focus in favor of more service-based tech companies. The only bright side is that technical traders note the oversold positioning of the stock price, which tends to lead to a short-term bounce.</p><p class='black-text'>Teva Pharmaceuticals <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TEVA"><span style="color:#333">(</span><span style=";">TEVA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TEVA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TEVA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TEVA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares sold off sharply today as they (along with a handful of other drug companies) have been hit with a lawsuit. Individual states have sued the pharmaceutical companies for plotting together to inflate or to keep drug prices high.</p> http://www.pws.io/markets-suffer-losses-on-trade-war-retaliation Mon, 13 May 2019 15:25:27 -0400 Dustin Tibbitts Blockchain & Crypto Week of May 12 in Review http://www.pws.io/blockchain-crypto-week-of-may-12-in-review <p class='black-text'>The second week of May has been exciting for the blockchain and cryptocurrency world. Perhaps the biggest news is that <a href="https://www.coindesk.com/hackers-steal-40-7-million-in-bitcoin-from-crypto-exchange-binance">Binance </a>announced on Tuesday it was hacked to the tune of 7,000 Bitcoin (BTC) worth $40.7 million. The major exchange said attackers performed a large scale security breach to steal BTC, user API keys, two-factor authentication codes, and other data. Chief executive Changpeng Zhao tweeted that the attack only affected Binance's hot wallet and the exchange will conduct a thorough security review and strengthen internal cybersecurity protocols. Binance added it will compensate affected users with its Secure Asset Fund for Users and cover their losses.</p><p class='black-text'>Here is the rest of the week in review:</p><p class='black-text'>ConsenSys CEO <a href="https://www.coindesk.com/consensys-ceo-predicts-trump-re-election-facebook-breakup-and-crypto-revival">Joseph Lubin</a> gave a keynote address in Brooklyn on Saturday, to conclude the 2019 Ethereal Summit. In his speech, Lubin pretended it was the year 2047. He predicted a second term for US President Donald Trump, a state of radical division and hate crimes, and the breakup of Facebook <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FB"><span style="color:#333">(</span><span style=";">FB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> into a news media firm and a decentralized social platform. He proclaimed that in the future, "Liberal democracy was on its death bed." He also predicted that decentralized journalism startups like Civil helped revive the news industry. Despite the bleak forecasts, Lubin closed out his speech by saying that a decentralized era of journalism and ethics arose that changed the world for the better.</p><p class='black-text'>A new report by <a href="https://www.coindesk.com/quadrigacx-has-21-million-in-assets-and-owes-160-million-ey-report">Ernst & Young</a> says that QuadrigaCX owes creditors $160 million but only owns $21 million in assets. The report from the audit firm and court-appointed monitor and trustee discloses that the defunct Canadian exchange has three affiliated entities: Quadriga Fintech Solutions, Whiteside Capital Corporation, and 0984750 B.C. The question is where the money owed to Quadriga's creditors is. It is unclear if EY is making progress on finding the exchange's lost funds. Regardless of whether the Quadriga estate is included in the asset calculation, the exchange is short some $130 million owed to its customers who became creditors.</p><p class='black-text'>Crypto prices soared convincingly to above $207 billion this week, despite the bad news from Binance. For the majors, BTC, Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC) led the gains, while Binance Coin (BNB) and Stellar (XLM) slipped in the red. In the top 100, the biggest losers are Newton (NEW), down a massive 31%, Cosmos (ATOM), down 23%, and Nexus (NXS), down 18%. The biggest gainers are Bitcore (BTX), up a whopping 75%, ABBC coin (ABBC), up 47%, and Particl (PART), up 39%. Next week, traders will be watching the Consensus 2019 gathering in New York.</p><p class='black-text'><i>The author owns a small amount of BTC and LTC.</i></p> http://www.pws.io/blockchain-crypto-week-of-may-12-in-review Mon, 13 May 2019 05:35:40 -0400 Eric Yao Markets Post Worst Week of the Year http://www.pws.io/markets-post-worst-week-of-the-year <p class='black-text'>The markets finished their worst week of the year with a gain by the close. China tariffs officially have been increased to 25% on $200 billion in goods. Talks are still ongoing. Overnight, Chinese stocks saw a sharp rally, posting the best day in over a month.</p><p class='black-text'>Here in the States the markets traded in a volatile range as the midnight deadline hit. Initially today the markets were trading lower but ultimately the Dow rallied over 450 points off the lows to close the day higher by 114. The S&P 500 also saw a gain on the day of 10 and the Nasdaq closed in the green by 6.</p><p class='black-text'>Aside from trade war news, investors were focused on the much-anticipated IPO of Uber, which went public this morning.</p><p class='black-text'>Stock News</p><p class='black-text'>Uber <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UBER"><span style="color:#333">(</span><span style=";">UBER</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UBER" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UBER" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UBER" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares officially went public today, opening at $42 a share after pricing at $45 last night. Shares traded in a wild range initially as expected. Rival Lyft <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LYFT"><span style="color:#333">(</span><span style=";">LYFT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LYFT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LYFT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LYFT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> traded lower by 3.4% and is now lower by 30% since their IPO. Today's pricing of Uber puts its valuation at 6.3 times last quarter sales, while Lyft is currently trading at 5 times.</p><p class='black-text'>Yelp <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/YELP"><span style="color:#333">(</span><span style=";">YELP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="YELP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="YELP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="YELP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares sold off around 15% today following an earnings report that offered a bleak future. The company guided lower for the second quarter and the full year, stating their revenue growth would not likely meet Wall Street's expectations.</p><p class='black-text'>Shares of Apple <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> found themselves in the crosshairs of the trade war. Analyst have been voicing their concerns that Apple is a major vulnerability due to their iPhone production reliance on China. Shares moved back to the 200-day moving average, where they found intra-day support.</p> http://www.pws.io/markets-post-worst-week-of-the-year Fri, 10 May 2019 15:17:50 -0400 Dustin Tibbitts Markets Contine Wild Ride Intra-Day http://www.pws.io/markets-contine-wild-ride-intra-day <p class='black-text'>The markets were sharply lower to start the day as President Trump stated at a rally in Florida that China "Broke the deal" and that they would pay for doing so. This caused investors to worry there would likely be no deal of any kind by tomorrow's deadline. Later in the day more comments from Trump showed promise of an eventual deal, which pulled the Dow 200 points off lows.</p><p class='black-text'>The Dow 30 closed the day lower by 140, the S&P 500 lost 8, and the Nasdaq closed the day down sharply, losing 32. Tomorrow, investors will not only be searching for any news on trade but will also focus on the IPO of ridesharing company Uber <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UBER"><span style="color:#333">(</span><span style=";">UBER</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UBER" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UBER" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UBER" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'>Sector News</p><p class='black-text'>Semiconductors were one of the worst performing areas of the markets today, as they got hit with a double whammy of sorts. Chip stocks sold off on Intel news, along with being stuck in the crosshairs of the trade war playing out on the public stage. Though the sector is now in correction territory with this recent pullback, it is still higher on the year by about 25%.</p><p class='black-text'>Technology stocks were also weak today and have now pulled back about 7% over the last 2 weeks. Goldman Sachs <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GS"><span style="color:#333">(</span><span style=";">GS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> analysts offered a note to clients that investors should stick with tech stocks more focused in the service industry rather than the product industry to avoid as much of the trade war issues as possible.</p><p class='black-text'>Stock News</p><p class='black-text'>Disney <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DIS"><span style="color:#333">(</span><span style=";">DIS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DIS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DIS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DIS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were in the news today as the company reported earnings that beat expectations along with revenue that came in better than expected as well. One investor concern was their direct-to-consumer segment, which saw growth in the first quarter but operated at a loss as the company continues to invest to compete with the likes of Netflix.</p><p class='black-text'>Intel <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/INTC"><span style="color:#333">(</span><span style=";">INTC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="INTC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="INTC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="INTC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> sold off sharply just before the market close yesterday and today suffered a sharp down day as the company offered revenue guidance well below expectations. The company was also downgraded today at BMO on concerns about margin performance in the industry.</p> http://www.pws.io/markets-contine-wild-ride-intra-day Thu, 09 May 2019 14:41:06 -0400 Dustin Tibbitts Markets Trade in Wild Range on Tariff News http://www.pws.io/markets-trade-in-wild-range-on-tariff-news <p class='black-text'>The markets traded in a back and forth range today as investors continue to digest the fluid movement of trade news. Today comments from the White House along with a tweet from the President helped calm investors as they said China indicated they want to make a deal. China's only response to that headline was that they would retaliate should tariffs be increased on Friday. This left investors in wait and see mode</p><p class='black-text'>The Dow ultimately closed slightly higher on the day with a gain of 2. The S&P 500 lost 4 and the Nasdaq closed in the red by 20 points.</p><p class='black-text'>Sector News</p><p class='black-text'>Individual sectors were fairly quiet today with many areas just posting a small gain on the day. Oil and oil related stocks were some of the better performers, as the oil inventory reports showed a reduction of 4 million barrels here in the States. This helped support the price of oil, which has been pulling back over the last few weeks.</p><p class='black-text'>For the most part it seems that investors are now sitting anxiously, waiting for more trade news to come out on Friday.</p><p class='black-text'>Stock News</p><p class='black-text'>Lyft <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LYFT"><span style="color:#333">(</span><span style=";">LYFT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LYFT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LYFT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LYFT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares sold off to lows today as the company announced it lost a whopping $1.1 billion. While revenues came in better than expected, the company guided for more losses on the year. The one bright spot was they did say this would be the "peak year of losses" in an effort to comfort investors concerned about such a large operating loss. Uber <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UBER"><span style="color:#333">(</span><span style=";">UBER</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UBER" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UBER" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UBER" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is set to go public on Friday and has indicated they will price at the midpoint of their $44 - $50 range. This would put their valuation at about $85 billion, but investors will have to deal with their losses mounting as well. Yesterday the company reported its latest numbers, which showed losses growing and revenue slowing. As of now the IPO is oversubscribed.</p><p class='black-text'>Electronic Arts <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/EA"><span style="color:#333">(</span><span style=";">EA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="EA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="EA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="EA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares traded in a wild range today as the company reported earnings that beat by about 30 cents, along with stronger than expected revenue. Investors also got the coveted "third beat" when the company announced positive guidance for this quarter as well as the full year.</p><p class='black-text'>TripAdvisor <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TRIP"><span style="color:#333">(</span><span style=";">TRIP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TRIP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TRIP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TRIP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares sold off to new lows on the year despite beating on earnings by 5 cents. Investors focused on revenue, which missed expectations, and comments from the company that they have seen a slowdown in revenue growth from the "non-hotel" areas of their business.</p> http://www.pws.io/markets-trade-in-wild-range-on-tariff-news Wed, 08 May 2019 15:28:00 -0400 Dustin Tibbitts Markets plummet on mounting trade war concerns. http://www.pws.io/markets-plummet-on-mounting-trade-war-concerns <p class='black-text'>The markets suffered a strong pullback today as investors continue to adjust following the trade concerns that started late Sunday when President Trump tweeted he would be raising tariffs to 25% on existing goods and considering raising on the rest of all Chinese goods "shortly." This comes as the deadline for a deal is this Friday and reports show the Chinese have backtracked on part of the existing deal terms.</p><p class='black-text'>Every Dow 30 stock was lower today and at one point the index was lower by 600+ points. Thanks to some last-minute buying, the Dow closed the day off its lows but still lost 472 on the day. The S&P 500 sold off 48 and the Nasdaq lost 159, which made it the biggest loser of the major indices. The Russell 2000 was the biggest loser overall, selling off 2.31% on the day.</p><p class='black-text'>Sector News</p><p class='black-text'>Oil was a weak spot today as the escalating trade war put pressure on the commodity. Oil pulled back to one-month lows as President Trump vows to place new tariffs on almost all Chinese goods on Friday. For the year oil has had an impressive 30% rally off lows as OPEC cut production and Iranian sanctions have helped support prices.</p><p class='black-text'>Semiconductors were also a weak area of the markets today as they continue to be directly in the middle of the trade war between China and the US. The sector completely erased all attempts to rally off lows yesterday and is now lower by over 3% just this week alone.</p><p class='black-text'>Healthcare rejected yesterday's rally as the sector erased most of the impressive bounce. Healthcare stocks shot higher yesterday on comments from a hedge fund manager who said many of them have been oversold by investors. The price activity in the last two days makes this a crucial moment for the sector as price resistance is above but yesterday's rally won't immediately be forgotten.</p><p class='black-text'>Stock News</p><p class='black-text'>Anheuser-Busch InBev <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BUD"><span style="color:#333">(</span><span style=";">BUD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BUD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BUD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BUD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were lower on the day as the company missed on earnings by 6 cents yet again. The company has now missed earnings expectations 11 out of the last 15 quarters. Revenue did come in higher than expected and the company announced a potential Asian IPO. Shares are now lower by about 6% since hitting highs just 2 weeks ago.</p><p class='black-text'>Hertz <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/HTZ"><span style="color:#333">(</span><span style=";">HTZ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="HTZ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="HTZ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="HTZ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> beat on earnings for the third quarter in a row as the company lost 36 less than expected on revenues that were as expected. This initially sent shares higher in the aftermarket, but today's market weakness pulled shares lower on the day.</p><p class='black-text'>AIG <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AIG"><span style="color:#333">(</span><span style=";">AIG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AIG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AIG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AIG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were higher on the day as the company reported earnings that came in about 50 cents better than expected. Revenue beat expectations thanks to a profit in their underwriting division. Shares broke to new highs on the year after mostly consolidating for 2019.</p> http://www.pws.io/markets-plummet-on-mounting-trade-war-concerns Tue, 07 May 2019 15:14:14 -0400 Dustin Tibbitts Blockchain & Crypto Week of May 5 in Review http://www.pws.io/blockchain-crypto-week-of-may-5-in-review <p class='black-text'>The first week of May has been exciting for the blockchain and cryptocurrency world. Perhaps the biggest news is that <a href="https://www.coindesk.com/not-a-white-paper-marketing-document-details-1-billion-bitfinex-token-sale">iFinex </a>is considering a token sale to help raise money and shore up its troubled finances. The controversial parent company of Bitfinex, Ethfinex, and Tether released a short marketing document detailing how the sale could proceed. Ifinex wants to sell 1 billion LEO tokens for 1 USDT each. The tokens would allow users to trade with discounted fees on Bitfinex and Ethfinex. The firm intends to buy back its LEO tokens over time until only 100 million remain in circulation. It is unclear if iFinex's potential crowdsale will be satisfied by market demand, and the company with a shady reputation has yet to release a white paper.</p><p class='black-text'>Here is the rest of the week in review:</p><p class='black-text'><a href="https://cointelegraph.com/news/grayscale-to-launch-pro-bitcoin-ads-drop-gold-on-social-media-linear-tv">Grayscale </a>Investments began airing new ads advocating for Bitcoin (BTC) as a superior alternative investment. The ad initiative, dubbed "Drop Gold," is meant to promote investment in the Grayscale Bitcoin Investment Trust <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GBTC"><span style="color:#333">(</span><span style=";">GBTC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GBTC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GBTC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GBTC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. The first ad shows the disadvantages of gold compared to Bitcoin and touts Bitcoin as the future of alternative assets. The suite of ads is slated to run on broadcast television and social media in order to reach both young and old demographics. Grayscale's parent company Digital Currency Group believes that investments in gold will be moved into Bitcoin and crypto as baby boomers worldwide retire and pass down wealth to younger investors.</p><p class='black-text'><a href="https://www.coindesk.com/microsoft-makes-jpmorgans-quorum-the-preferred-blockchain-for-azure-cloud">Microsoft </a><nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MSFT"><span style="color:#333">(</span><span style=";">MSFT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MSFT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MSFT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MSFT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> announced on Thursday it will promote JPMorgan Chase's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/JPM"><span style="color:#333">(</span><span style=";">JPM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="JPM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="JPM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="JPM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> Quorum blockchain as Azure Cloud's preferred blockchain to the firm's enterprise customers. Quorum will become the first distributed ledger platform available through the Azure Blockchain Service, enabling JP Morgan and Microsoft customers to build and scale blockchain networks in the cloud. JP Morgan will also build its own first-party applications for the service. Microsoft and JPMorgan believe the partnership will help expand access to Quorum for enterprise clients.</p><p class='black-text'>Crypto prices jumped to $182 billion this week on rather bullish momentum. For the majors, Bitcoin Cash (BCH), Bitcoin, and Litecoin (LTC) led the gains, while Cardano (ADA) and Stellar (XLM) slipped into the red. In the top 100, the biggest losers are Maximine Coin (MXM), down a whopping 30%, ODEM (ODE), down 22%, and Populous (PPT), down 17%. The biggest gainers are Horizen (ZEN), up 26%, ABBC Coin (ABBC), up 24%, and Santiment Network (SAN), up 15%. Next week traders will watch if Bitcoin can top $6,000 and lift up altcoins together.</p><p class='black-text'><i>The author owns a small amount of BTC and LTC.</i></p> http://www.pws.io/blockchain-crypto-week-of-may-5-in-review Mon, 06 May 2019 11:58:27 -0400 Eric Yao Headlines continue to include IPO's. http://www.pws.io/headlines-continue-to-include-ipos <p class='black-text'>The IPO market continues to be one of the main headlines this year as more and more brand names are launching along with some dark horse names that have managed to steal attention, even if only briefly.</p><p class='black-text'>One of those names last week was Beyond Meat <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BYND"><span style="color:#333">(</span><span style=";">BYND</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BYND" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BYND" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BYND" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> which dominated the headlines thanks to its 160% first day gain. Investors flocked to the previously unheard of name, jumping all in on the vegan meat company pushing it's valuation to more than $20 billion. This put it ahead of current valuations of Lyft <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LYFT"><span style="color:#333">(</span><span style=";">LYFT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LYFT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LYFT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LYFT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Pinterest <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PINS"><span style="color:#333">(</span><span style=";">PINS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PINS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PINS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PINS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. At that point investors had paid just about 40 times sales which is a record for a food company.</p><p class='black-text'>That news could become old news this week as the mother of all IPO's which has been teased for years is coming public. Uber <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UBER"><span style="color:#333">(</span><span style=";">UBER</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UBER" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UBER" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UBER" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is expected to launch this week and is hoping to raise $8.5 billion. The popular ride sharing company has reduced their valuation following the results of the Lyft IPO, but this could work in their favor. This will be the largest offering since Facebook <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FB"><span style="color:#333">(</span><span style=";">FB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> in terms of valuation and deal size. 180 million shares will be offered at a range of $44 -$50.</p><p class='black-text'>This will be another test for the silicon valley companies that, while they are growing rapidly, have not made nor do they have any sign of making a profit. Uber lost $2.3 billion last year with over $11 billion in total revenue and analysts currently see no quick path to turning a profit. Despite this, the offering is currently over subscribed and is expected to price above the initial range.</p> http://www.pws.io/headlines-continue-to-include-ipos Sun, 05 May 2019 22:45:45 -0400 Dustin Tibbitts Cory Booker is a Rising Contender http://www.pws.io/cory-booker-is-a-rising-contender <p class='black-text'>Senator Cory Booker (D-NJ), who officially announced on February 1 that he is running for the Democratic nomination for US president in 2020, reached a critical milestone in the race to be America's head of state. Today Booker reported that his <a href="https://twitter.com/CoryBooker/status/1124377490049441792">campaign </a>has received 65,000 donations from individual donors, a key metric that qualifies him to join the first Democratic debate in June. Despite a slow start and somewhat low name recognition in a crowded primary field of 20, Booker is a rising contender who could seriously challenge President Donald Trump next year.</p><p class='black-text'><a href="https://www.businessinsider.com/who-is-cory-booker-bio-age-family-key-positions-2019-3">Booker </a>was born to an upper-middle class family in Washington, D.C. and grew up in a suburb outside Newark, New Jersey. He attended Stanford University, where he played football and earned a Bachelor's and Master's degrees in political science and sociology. He studied history at Oxford University on a Rhodes Scholarship. He then attended Yale Law School, and he won a seat on the Newark Municipal Council after graduation. After a short stint on the council, he ran for mayor of Newark and lost in 2002. In 2006, he ran again and won. He served as a popular mayor until 2012, when he ran in a US Senate special election. Booker has served as a Senator since 2013 and won reelection in 2014. He plans to run again in 2020, if he does not win the presidential nomination.</p><p class='black-text'>Known as a moderate progressive, Booker has offered many policy proposals during his Senate tenure. The<a href="https://www.cnbc.com/2019/02/01/heres-where-cory-booker-stands-on-key-issues.html"> three main pillars</a> of his campaign are the economy, drug policy, and criminal justice reform. He worked on the First Step Act with Trump and wants to go further to ban solitary confinement and help released prisoners find work. He favors the federal legalization of marijuana and an end to the war on drugs. Though his economic plank is still developing, Booker seems to support policy that tackles wealth inequality. He has a housing aid plan that would give low and middle class renters tax credits to defray costs. His baby bonds plan would save children in poor families up to $46,000 in Treasury bonds by age 18. And Booker wants to reform the tax code to make the wealthy and corporations pay more and let the middle class keep more income.</p><p class='black-text'>Booker is unique as a young black vegan candidate with some fresh ideas. But <a href="https://www.politico.com/story/2019/03/24/cory-booker-2020-democrats-left-1232409">many challenges</a> face him. The biggest is clearly articulating his policy vision closer to the general election. Another challenge is his rather moderate record and platform, which will probably be scrutinized by the progressive base. His last challenge is his supposed coziness with Wall Street, Silicon Valley, charter schools, and big pharma firms headquartered in his home state. However, Booker possesses good oratory skills and charisma, which should help on the debate stage.</p> http://www.pws.io/cory-booker-is-a-rising-contender Sun, 05 May 2019 08:34:35 -0400 Eric Yao Markets Lower Post-Fed http://www.pws.io/markets-lower-post-fed <p class='black-text'>The markets sold off again today as investors position for the possibility of no rate cut by the Fed following the Chairman's comments yesterday. The Dow closed lower on the day by 122, the S&P 500 sold off 6, and the Nasdaq lost 12 on the day.</p><p class='black-text'>Tomorrow the focus will be on the unemployment numbers, which could be a market mover in the morning. The rate is expected to remain unchanged at 3.8%</p><p class='black-text'>Sector News</p><p class='black-text'>Oil continued its pullback today with the second-largest decline this year. Today is the day the US stops issuing waivers to countries getting oil from Iran. This has shifted the demand back to Saudi Arabia, which has already received requests from Asian refiners to fill the void.</p><p class='black-text'>Gold is approaching its 200-day moving average, which investors will look at for support. Gold demand reports show that physical gold purchases have hit their highest levels since 2013 as central banks lead the way. Russia and China are the highest buyers of gold as they continue to move away from the US dollar.</p><p class='black-text'>Stock News</p><p class='black-text'>Square <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SQ"><span style="color:#333">(</span><span style=";">SQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were lower today despite the company reporting earnings and revenue that were better than expected. Investors focused on guidance for the current quarter, which was lower than expected. This sent shares back to February lows on volume that was well above average.</p><p class='black-text'>Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were back in the news today as the company announced a new capital raising program to add $2.3 billion in new funding. As of now, the company will offer 2.7 million shares and $1.3 billion in convertible notes to hit their funding goal. Shares have recently sold off under the long-term support area of $240, with many technical traders now eying the $200 level for future support.</p><p class='black-text'>Under Armpur <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UA"><span style="color:#333">(</span><span style=";">UA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares traded in a wild range today as the company announced earnings that beat expectations by 5 cents along with revenue which came in higher as well. The report showed sales outside the US as improving, which allowed the company to raise full year guidance.</p> http://www.pws.io/markets-lower-post-fed Thu, 02 May 2019 15:16:22 -0400 Dustin Tibbitts Weekly ETF update. http://www.pws.io/weekly-etf-update <p class='black-text'>The markets remain near all time record highs as investors continue to respond to an earnings season that was way better than analysts had predicted. The S&P 500 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has hit record highs each day this week and historical performance following Federal Reserve meetings shows we could be in for more highs to come.</p><p class='black-text'>The Nasdaq 100 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QQQ"><span style="color:#333">(</span><span style=";">QQQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QQQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QQQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QQQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> remains in a strong and clear uptrend but that trend has slowed a little following poor earnings from Intel as well as a touch of weakness across the tech heavy space. For now there is no arguing the strength of the QQQ which boasts about a 25% gain on the year.</p><p class='black-text'>Semiconductors <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SMH"><span style="color:#333">(</span><span style=";">SMH</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SMH" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SMH" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SMH" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> have recovered slightly after a quick pullback last week. It was a busy week for earnings in the space last week which caused an uptick in volatility and a downtick in prices which came off 52 week highs. Intel <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/INTC"><span style="color:#333">(</span><span style=";">INTC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="INTC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="INTC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="INTC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has been a drag on the space since reporting their earnings which, at this point has caused the stock to lose over 10%. Though the Semis have seen some weakness in the short term trend is still clear to the upside with total gains still over 30% for the year.</p><p class='black-text'>Consumer Staples <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLP"><span style="color:#333">(</span><span style=";">XLP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has hit new highs again this week as the sector continues to enjoy a clear, strong uptrend. For the year the sector is higher by about 14% as investors note the earnings from many of the names which show higher prices for goods are still generally being absorbed by consumers. Technical traders note the next overhead resistance about 3% above current prices.</p><p class='black-text'>Communication Services <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLC"><span style="color:#333">(</span><span style=";">XLC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> have been hit hard this week mostly thanks to Alphabet <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GOOGL"><span style="color:#333">(</span><span style=";">GOOGL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GOOGL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GOOGL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GOOGL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> which missed on earnings pushing shares to their lowest point in over a month. Shares of both classes of Alphabet make up a whopping 24% of the sector so it is easy to see why the XLC has pulled back off it's highs.</p><p class='black-text'>Transports <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/IYT"><span style="color:#333">(</span><span style=";">IYT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="IYT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="IYT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="IYT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> have cooled off this week following their impressive run up over the last few weeks on earnings. The rails reported earnings that were mostly better than expected and have been a supporter of the space but this week with the rails cooling off and a strong selloff from UPS <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UPS"><span style="color:#333">(</span><span style=";">UPS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UPS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UPS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UPS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> the transports have pulled back towards some technical price support as well as the 200 day moving average. Market technicians will also note the golden cross.</p> http://www.pws.io/weekly-etf-update Wed, 01 May 2019 08:06:07 -0400 Dustin Tibbitts Stock market sells off on Fed Rate news. http://www.pws.io/stock-market-sells-off-on-fed-rate-news <p class='black-text'>The markets closed out the day lower following weakness that was building up prior to the announcement that the Federal Reserve would leave rates unchanged. The Dow 30 closed lower on the day by 164, the S&P 500 sold off 22 and the Nasdaq lost 45 with the bulk of the days losses coming in the last hour of the day.</p><p class='black-text'>Sector News</p><p class='black-text'>Transports continued to pullback towards their technical support levels along with the 200 day moving average today. The sector has pulled back recently as earnings excitement in the rails has cooled along with weakness in UPS <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UPS"><span style="color:#333">(</span><span style=";">UPS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UPS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UPS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UPS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> continue to help the bullish pullback of the sector.</p><p class='black-text'>Technology <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLK"><span style="color:#333">(</span><span style=";">XLK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/VGT"><span style="color:#333">(</span><span style=";">VGT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="VGT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="VGT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="VGT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> enjoyed strong moves to start the day which pushed both to new highs thanks to Apple's glowing earnings report. The VGT is made up of 15% Apple and the XLK is about 16% weighting which was the primary reason for the move to new highs today.</p><p class='black-text'>Stock News</p><p class='black-text'>Apple<nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> was the big focus today as the company reported a textbook earnings for the prior quarter. Earnings beat by 10 cents a share along with revenue which beat by more than $500 million. The company showed an increase of their services revenue by 16% and guided higher by more than $1 billion as they expect gross margins to be close to 40%. They also raised their dividend to 77 cents and added $75 billion to their share buyback program.</p><p class='black-text'>Advanced Micro Devices <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMD"><span style="color:#333">(</span><span style=";">AMD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares gapped higher today as the company announced a beat on earnings along with higher earnings. Both earnings and revenue just beat expectations but the company showed margins increase by 5% which helped given the slowdown in the chip space recently. Shares are higher by over 50% in the year.</p><p class='black-text'>CVS Health <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CVS"><span style="color:#333">(</span><span style=";">CVS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CVS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CVS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CVS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares got a boost off lows today as the company announced an earnings beat by 12 cents. Revenue also beat Wall Street's expectations and the company raised their guidance for the year thanks mostly to the success off the recent buyout of Aetna. Despite this seemingly positive report shares are still lower on the year by over 10%.</p> http://www.pws.io/stock-market-sells-off-on-fed-rate-news Wed, 01 May 2019 08:05:47 -0400 Dustin Tibbitts Dollar breaks to highs. What to do with it? http://www.pws.io/dollar-breaks-to-highs-what-to-do-with-it <p class='black-text'>You may have noticed that the US Dollar broke to new highs last week. No? OK, let's talk about it. After almost exactly one year of sideways consolidation at highs, the US Dollar broke to highs, continuing its bullish efforts. Looking further back, you'll see that the dollar has really been in a wide range since 2015, but this latest move pushes it almost to all-time highs.</p><p class='black-text'>So, why talk about the dollar and how does it affect you? Well, when the dollar is strong it benefits companies that get most of their revenues here in the States. Just think, strong dollar, strong domestic growth for companies selling mostly or exclusively domestically. If the dollar stays strong, then these are the companies investors will be running towards.</p><p class='black-text'>So, how can you find opportunities from this dollar run? First, you could look at an ETF for the lazy man's way to invest in a strong dollar. You would be looking at the Russell 2000 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/IWM"><span style="color:#333">(</span><span style=";">IWM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="IWM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="IWM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="IWM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> or, more specifically, the Russell 1000 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/IWB"><span style="color:#333">(</span><span style=";">IWB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="IWB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="IWB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="IWB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. The Russell 1000 ETF currently holds companies that on average get about 76% of their revenues from their US efforts. If the dollar continues to be strong, then you'd expect companies in this area to start reporting stronger revenues.</p><p class='black-text'>If you wanted to go on a stock picking spree then you could search for names that have much of their revenues (or even 100%) of their revenues here in the states. The benefit of this is that you could drill down into particular sectors you may want to focus on. Like financials? Sallie Mae <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SLM"><span style="color:#333">(</span><span style=";">SLM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SLM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SLM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SLM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is in that category and gets 100% of its revenues here in the States. If you like discounted stocks, then Wells Fargo <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WFC"><span style="color:#333">(</span><span style=";">WFC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WFC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WFC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WFC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> may jump out at you. They also get 100% of their revenues here in the States but haven't really participated in this year's rally.</p><p class='black-text'>Maybe Consumer Staples are more your speed. If the dollar stays strong, then names in this space should do well - but what if the dollar does not continue and the economy weakens? Kroger <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KR"><span style="color:#333">(</span><span style=";">KR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> gets 100% of its revenues in the US, but if the economy weakens, people will still shop for groceries right? Constellation Brands <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/STZ"><span style="color:#333">(</span><span style=";">STZ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="STZ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="STZ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="STZ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> gets about 80% of their revenues here in the States and is in the alcoholic beverage space.</p><p class='black-text'>While none of these are specific recommendations now, hopefully this helps you understand how a strong dollar could be a tailwind for small cap domestic companies.</p> http://www.pws.io/dollar-breaks-to-highs-what-to-do-with-it Wed, 01 May 2019 02:48:19 -0400 Dustin Tibbitts Markets Mixed into Fed Announcement http://www.pws.io/markets-mixed-into-fed-announcement <p class='black-text'>The markets were mostly higher today ahead of Apple's earnings and the Federal Reserve's rate decision tomorrow afternoon. Due to that unknown, the S&P 500 was higher by only 2 in a relatively flat day of trade. The Dow 30 closed higher by 38 but the Nasdaq closed lower by 54 thanks in part to the selloff following Alphabet's earnings.</p><p class='black-text'>Sector News</p><p class='black-text'>Semiconductors <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SMH"><span style="color:#333">(</span><span style=";">SMH</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SMH" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SMH" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SMH" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> have recovered slightly after a quick pullback last week. Last week was busy for earnings in the space, which caused an uptick in volatility and a downtick in prices, coming off 52-week highs. Intel <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/INTC"><span style="color:#333">(</span><span style=";">INTC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="INTC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="INTC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="INTC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has been a drag on the space since reporting their earnings which, at this point, have caused the stock to lose over 10%. Though the Semis have seen some weakness in the short-term, the trend is still clear to the upside with total gains still over 30% for the year.</p><p class='black-text'>Consumer Staples <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLP"><span style="color:#333">(</span><span style=";">XLP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has hit new highs again this week as the sector continues to enjoy a clear and strong uptrend. For the year the sector is higher by about 14% as investors note the earnings from many names. The uptick reflects higher prices for goods, which are still generally being absorbed by consumers. Technical traders note the next overhead resistance about 3% above current prices.</p><p class='black-text'>Communication Services <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLC"><span style="color:#333">(</span><span style=";">XLC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> have been hit hard this week mostly thanks to Alphabet <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GOOGL"><span style="color:#333">(</span><span style=";">GOOGL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GOOGL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GOOGL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GOOGL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which missed on earnings, pushing shares to their lowest point in over a month. Shares of both classes of Alphabet make up a whopping 24% of the sector, so it is easy to see why the XLC has pulled back off highs.</p><p class='black-text'>Transports <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/IYT"><span style="color:#333">(</span><span style=";">IYT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="IYT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="IYT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="IYT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> have cooled off this week following their impressive runup over the last few weeks on earnings. The rails reported earnings that were mostly better than expected and have been a supporter of the space, but this week with the rails cooling off and a strong selloff from UPS <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UPS"><span style="color:#333">(</span><span style=";">UPS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UPS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UPS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UPS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, the transports have pulled back towards some technical price support as well as the 200-day moving average. Market technicians will also note the golden cross.</p><p class='black-text'>Stock News</p><p class='black-text'>Alphabet <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GOOGL"><span style="color:#333">(</span><span style=";">GOOGL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GOOGL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GOOGL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GOOGL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were sharply lower today as the company reported earnings that were better than expected but a miss on revenues. The miss came thanks to a dip in ad revenue, which was expected to grow by 24% but showed only 15%. Though the decline stopped at the 50-day moving average today, it still erased the entire month's worth of gains all in one day.</p><p class='black-text'>General Electric <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GE"><span style="color:#333">(</span><span style=";">GE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were sharply higher as well thanks to a beat on earnings. The company beat by 5 cents on revenue as expected. The CEO, who has had his hands full trying to streamline the company, also confirmed their 2019 projections, which were in line with Wall Street's expectations.</p><p class='black-text'>Western Digital <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WDC"><span style="color:#333">(</span><span style=";">WDC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WDC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WDC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WDC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were lower on the day thanks to a wide miss on earnings. The company earned 17 cents, which was well below the 46 cents expected, and revenue was a tough lower. Shares broke back below the 50-day moving average today where they closed.</p><p class='black-text'>McDonalds <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MCD"><span style="color:#333">(</span><span style=";">MCD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MCD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MCD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MCD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> reported earnings that came in better than expected thanks to a boost in same-store sales. The company earned 3 cents more than expected on revenue that also beat. Shares remain near all time highs, bumping up against the $200 price level.</p> http://www.pws.io/markets-mixed-into-fed-announcement Tue, 30 Apr 2019 14:45:23 -0400 Dustin Tibbitts Markets hit records to start week. http://www.pws.io/markets-hit-records-to-start-week <p class='black-text'>The markets started the week with a positive move which put the S&P 500 and Nasdaq at new record highs. The Dow 30, still playing catch up was able to add another 10 points but still has another 1.5% to match the other indices. The S&P 500 added 3 and the Nasdaq added 15.</p><p class='black-text'>Though there are many earnings on the schedule for tomorrow and this week, the focus will likely be focused on Apple <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> which reports tomorrow after the close. Analysts are expecting earnings to come in at $2.38 a share on revenue pushing $57.5 billion. Apple has a strong track record of beating on earnings (77% of the time historically) having only missed expectations once in the last 5 years (Q1 2016)</p><p class='black-text'>Sector News</p><p class='black-text'>Banks were higher today after spending most of last week consolidating at highs. Today's move puts the large banks at highs of the year and regional banks not too far behind. Regional banks have the 200 day moving average as well as price resistance ahead to deal with.</p><p class='black-text'>Utilities sold off today after a rally attempt last week. Though the sector remains near highs investors have taken note of the recent valuations of the sector becoming above average. While this is not unusual, a historical review shows that the sector tends to pullback during above average valuations.</p><p class='black-text'>Stock News</p><p class='black-text'>Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were higher today after their waterfall drop last week following earnings. Shares got a small boost today from news that the SEC and Elon Musk have settled their dispute ahead of the court hearing where the Federal Judge would decide if the CEO should be held in contempt for his tweets.</p><p class='black-text'>Restaurant Brands International <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QSR"><span style="color:#333">(</span><span style=";">QSR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QSR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QSR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QSR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were lower today as the company reported earnings that missed by 3 cents. The report showed sales at it's Tim Hortons brand were slower for the quarter, coming in at 0.6% versus Wall Street's expectations of a 2% increase in sales.</p><p class='black-text'>Disney <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DIS"><span style="color:#333">(</span><span style=";">DIS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DIS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DIS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DIS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> made headlines as it's Avengers: Endgame release made records at the box office. This prompted an upgrade by JP Morgan which raised it's price target to $150 from $137. The analysts at JP Morgan cited continued operational excellence with many great catalysts ahead.</p> http://www.pws.io/markets-hit-records-to-start-week Mon, 29 Apr 2019 08:42:36 -0400 Dustin Tibbitts Facebook Plans for $3 Billion FTC Fine http://www.pws.io/facebook-plans-for-3-billion-ftc-fine <p class='black-text'>Facebook <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FB"><span style="color:#333">(</span><span style=";">FB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has been slapped with a <a href="https://www.wsj.com/articles/facebook-sets-aside-3-billion-to-cover-expected-ftc-fine-11556137113">$3 billion fine from the Federal Trade Commission</a> in light of its privacy violations, though the rest of its fiscal metrics remained strong.</p><p class='black-text'>The tech behemoth brought in <a href="https://www.wsj.com/articles/facebook-sets-aside-3-billion-to-cover-expected-ftc-fine-11556137113">$15.08 billion in revenue, an increase of 26% from the $11.97 billion </a>from the same time last year. However, due setting money aside for the one-time fine payment, its profit dropped by more than half to <a href="https://www.wsj.com/articles/facebook-sets-aside-3-billion-to-cover-expected-ftc-fine-11556137113">$2.43 billion in the first quarter</a>.</p><p class='black-text'>Ever since the <a href="https://www.businessinsider.com/5-billion-ftc-fine-wont-change-facebook-practices-2019-4?IR=T">Cambridge Analytica </a>scandal last year, the FTC has been investigating Facebook for its ethically dubious privacy regulations. The problem is, Facebook has been able to waive off the fine as a <a href="https://www.businessinsider.com/5-billion-ftc-fine-wont-change-facebook-practices-2019-4?IR=T">minor monetary setback that is taken out of its already-hefty profit:</a> it does not permanently guarantee that the company will alter its privacy policies in the long term, as it can afford to keep incurring monetary losses.</p><p class='black-text'>To put things in perspective, even if Facebook were to incur a $5 billion fine (on the higher end of the spectrum), that is only <a href="https://www.businessinsider.com/5-billion-ftc-fine-wont-change-facebook-practices-2019-4?IR=T">11% of the $45 billion in total cash and marketable securities Facebook has on hand. </a>What's more is that $5 billion is what it makes on a<a href="https://www.businessinsider.com/5-billion-ftc-fine-wont-change-facebook-practices-2019-4?IR=T"> quarterly basis, </a>and that too if business is slow.</p><p class='black-text'>"Is this going to get their attention? It will get their attention to the extent that they're going to try to be more careful in the future," <a href="https://www.recode.net/2019/4/25/18516301/facebook-earnings-ftc-fine-mark-zuckerberg-stock">said</a> Peter Henning, a law professor at Wayne State University and a former federal prosecutor. "But does it really deter violations? I think the answer to that question is no. For some companies, it's viewed as the cost of doing business."</p><p class='black-text'>In fact, Facebook's share price soared after its announcement on Wednesday, endowing the company with an additional <a href="https://www.recode.net/2019/4/25/18516301/facebook-earnings-ftc-fine-mark-zuckerberg-stock">$40 billion to its market capitalization.</a></p><p class='black-text'>The FTC could consider imposing fiscal penalties of a more ameliorative nature,<a href="https://www.recode.net/2019/4/25/18516301/facebook-earnings-ftc-fine-mark-zuckerberg-stock"> such as requiring it to change its data privacy practices </a>within a certain time limit. If Facebook fails to comply, the fine imposed could be more significant or more frequent.</p> http://www.pws.io/facebook-plans-for-3-billion-ftc-fine Mon, 29 Apr 2019 03:23:42 -0400 Tamanna Chhibbar Despite Targeting Profitability, Tesla Struggles With Losses http://www.pws.io/despite-targeting-profitability-tesla-struggles-with-losses <p class='black-text'>Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has just reported one of its worst fiscal performances in its history, with cash on hand plummeting by more than <a href="https://www.wsj.com/articles/tesla-reports-loss-amid-stuggles-delivering-model-3-cars-11556141829">40% to a meager $2.2 billion.</a></p><p class='black-text'>This has amounted to a <a href="https://www.theverge.com/2019/4/24/18514427/tesla-q1-2019-loss-model-3-elon-musk-earnings">$702 million loss</a> last quarter, primarily as a direct result in a lower amount of Model 3 deliveries due to delayed scheduling. The company delivered <a href="https://www.theverge.com/2019/4/24/18514427/tesla-q1-2019-loss-model-3-elon-musk-earnings">63,000 vehicles last quarter, down from the 90,000 </a>it had previously achieved in the fourth quarter of last year. Even though Tesla attributed this drop to shifting geographical focus from the US to Europe and China, it still does not expect to until <a href="https://www.theverge.com/2019/4/24/18514427/tesla-q1-2019-loss-model-3-elon-musk-earnings">Q3 of this year.</a></p><p class='black-text'>As a solution to this financial crisis, Elon Musk has finally admitted that the company may need to start <a href="https://www.wsj.com/articles/tesla-reports-loss-amid-stuggles-delivering-model-3-cars-11556141829">raising more capital,</a> echoing the sentiments of concerned investors who have been pushing further investment for a long time now.</p><p class='black-text'>"Tesla today is a far more efficiently operating organization than it was a year ago," Musk told analysts on <a href="https://www.wsj.com/articles/tesla-reports-loss-amid-stuggles-delivering-model-3-cars-11556141829">a quarterly call.</a> "We've made dramatic improvements across the board. And so I think there's merit to the idea of raising capital at this point."</p><p class='black-text'>Musk has said Tesla's spending habits from now onwards will mirror a "<a href="https://www.wsj.com/articles/tesla-reports-loss-amid-stuggles-delivering-model-3-cars-11556141829">spartan diet</a>," adopting a more frugal stance with respect to new investments and production. Musk also expressed doubts for a timely release of <a href="https://www.wsj.com/articles/tesla-reports-loss-amid-stuggles-delivering-model-3-cars-11556141829">Model Y next year,</a> whilst revealing plans to introduce a new insurance plan for Tesla customers. All of these activities will require raising more capital, so as to provide a significant cash cushion if the insurance product fails or the model is rolled out particularly late.</p><p class='black-text'>"I've said for a long time, just do [raise capital] and take any tail risk off the table, plus do it while your stock is in favor at a $45 billion market cap," <a href="https://www.wsj.com/articles/tesla-reports-loss-amid-stuggles-delivering-model-3-cars-11556141829">said</a> David Whiston, an analyst for Morningstar Research Services. "Removing any balance sheet concerns would probably help the stock rise."</p><p class='black-text'>It is interesting to note that Musk's initial vision was to build <a href="https://qz.com/1604132/tesla-tsla-says-it-wont-profitable-until-q3/">500,000 cars by 2020. </a>At this rate, without sufficient funding and discipline, it is dubious whether he will even reach 75% of this target.</p> http://www.pws.io/despite-targeting-profitability-tesla-struggles-with-losses Mon, 29 Apr 2019 03:21:50 -0400 Tamanna Chhibbar Walmart's UK Segment Barred From Sainsbury Merger http://www.pws.io/walmarts-uk-segment-barred-from-sainsbury-merger <p class='black-text'>Regulators seem to have been very active lately, <a href="https://www.wsj.com/articles/walmarts-british-arm-is-blocked-from-merging-with-u-k-supermarket-j-sainsbury-11556179804">blocking</a> what would have been a monumental merger between Asda, Walmart's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WMT"><span style="color:#333">(</span><span style=";">WMT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WMT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WMT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WMT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> British grocery arm, and rival J Sainsbury PLC.</p><p class='black-text'>On Thursday, Britain's Competition and Markets Authority (CMA) stated that it would not approve the merger in light of its potentially adverse effects on consumers who would be faced with higher prices as a result of lower competition.</p><p class='black-text'>Sainsbury was forced to drop the<a href="http://fortune.com/2019/04/25/sainsbury-walmart-uk-asda-deal/"> $9.4 billion bid </a>to buy Asda soon after. Walmart would have had a <a href="https://www.wsj.com/articles/walmarts-british-arm-is-blocked-from-merging-with-u-k-supermarket-j-sainsbury-11556179804">42% </a>stake in the deal, which would have made the new company Britain's largest grocery chain and endowed it with enough scale to lower costs.</p><p class='black-text'>"The CMA's conclusion that we would increase prices post-merger ignores the dynamic and highly competitive nature of the U.K. grocery market," Sainsbury Chief Executive Officer Mike Coupe said in a <a href="http://fortune.com/2019/04/25/sainsbury-walmart-uk-asda-deal/">statement</a>. "The CMA is today effectively taking 1 billion pounds out of customers' pockets."</p><p class='black-text'>Much of Sainsbury's future success was riding on this deal, especially given that the company does not have the same buying power as <a href="http://fortune.com/2019/04/25/sainsbury-walmart-uk-asda-deal/">market leader Tesco</a>, and cannot match the prices of wholesalers like Aldi and Lidl.</p><p class='black-text'>"It's our responsibility to protect the millions of people who shop at Sainsbury's and Asda every week," <a href="https://edition.cnn.com/2019/04/25/business/sainsburys-asda-takeover-blocked/index.html">said Stuart McIntosh,</a> who led the CMA investigation. "We have concluded that there is no effective way of addressing our concerns, other than to block the merger."</p><p class='black-text'>"We have found this deal would lead to increased prices, reduced quality and choice of products, or a poorer shopping experience for all of their U.K. shoppers," he <a href="https://www.wsj.com/articles/walmarts-british-arm-is-blocked-from-merging-with-u-k-supermarket-j-sainsbury-11556179804">continued</a>.</p><p class='black-text'>While the option to sell Asda to a private equity firm still exists for Walmart, company executives believe the former is <a href="https://www.wsj.com/articles/walmarts-british-arm-is-blocked-from-merging-with-u-k-supermarket-j-sainsbury-11556179804">not a problem business</a> and can still succeed on its own. In fact, Asda seems to have taken over Sainsbury as the number two grocery retailer in Britain, locking down a <a href="https://www.wsj.com/articles/walmarts-british-arm-is-blocked-from-merging-with-u-k-supermarket-j-sainsbury-11556179804">15.4% market share</a>.</p><p class='black-text'>"Our focus now is continuing to position Asda as a strong U.K. retailer delivering for customers," <a href="https://www.wsj.com/articles/walmarts-british-arm-is-blocked-from-merging-with-u-k-supermarket-j-sainsbury-11556179804">said</a> Judith McKenna, head of Walmart's international arm. "Walmart will ensure Asda has the resources it needs to achieve that."</p> http://www.pws.io/walmarts-uk-segment-barred-from-sainsbury-merger Mon, 29 Apr 2019 03:19:51 -0400 Tamanna Chhibbar Reskilling: The Product of A Tight Labor Market http://www.pws.io/reskilling-the-product-of-a-tight-labor-market <p class='black-text'>Considering how tight the labor market has become, companies often have a tough time quickly replacing workers in businesses that are consistently evolving and require rapid turnarounds.</p><p class='black-text'>As a solution to this predicament, it would be optimal for companies to tap into their existing pool of talent. That is, the employees that already work for them. There is just one problem: the cost of <a href="https://www.wsj.com/articles/the-answer-to-your-companys-hiring-problem-might-be-right-under-your-nose-11555689542">reskilling</a> that accompanies retraining and reorganizing employees already integrated into their respective corporate apparatus.</p><p class='black-text'>Due to the perceived high cost of reskilling, employers often opt to bear the cost of layoffs and hiring instead, bringing in new talent. However, this is only because companies have little knowledge of the existing malleability that persists among their current employees. This problem is exacerbated by the fact that large companies often have very vertical corporate structures, making workers at the bottom more 'dispensable' or supposedly <a href="https://www.wsj.com/articles/the-answer-to-your-companys-hiring-problem-might-be-right-under-your-nose-11555689542">obsolete</a>.</p><p class='black-text'>Focusing on reskilling in the form of providing online courses, training academies and apprenticeship programs, Bullhorn, a customer relationship management company, sees reskilling as the future for recruitment companies that are struggling due to low unemployment.</p><p class='black-text'>"The recruitment industry loses half a billion dollars in annual turnover," <a href="https://huntscanlon.com/reskilling-a-game-changing-opportunity-for-search-firms/">said</a> Art Papas, Bullhorn's CEO. "Imagine if we took employees from lower-wage jobs and reskilled those people. This could be a trillion dollar industry with a very different profile. This isn't a crisis; this is a huge opportunity for all of us," he continued.</p><p class='black-text'>Moreover, as a result of the <a href="https://www.weforum.org/agenda/2019/04/skills-jobs-investing-in-people-inclusive-growth/">Fourth Industrial Revolution, </a>since so many jobs are becoming outdated or automated, the entire labor market will undergo a paradigm shift. That is, <a href="https://www.weforum.org/agenda/2019/04/skills-jobs-investing-in-people-inclusive-growth/">75 million jobs</a> are expected to be displaced by 2022 in 20 major economies, while technological advances will give rise to <a href="https://www.weforum.org/agenda/2019/04/skills-jobs-investing-in-people-inclusive-growth/">133 million new roles also. </a>Because of this, at least 54% of all employees will need reskilling and upskilling by 2022, according to the <a href="https://www.weforum.org/agenda/2019/04/skills-jobs-investing-in-people-inclusive-growth/">2018 Future of Jobs Report.</a></p><p class='black-text'>Acting as bellwethers in this new-age trend of reskilling, companies like Amazon <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and JP Morgan <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/JPM"><span style="color:#333">(</span><span style=";">JPM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="JPM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="JPM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="JPM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> have already begin implementing policies that are conducive to improving existing internal talent. In fact, Amazon will soon begin a program that allows warehouse workers to <a href="https://www.wsj.com/articles/the-answer-to-your-companys-hiring-problem-might-be-right-under-your-nose-11555689542">transition into data centers,</a> focusing on worker mobility and skill improvement.</p><p class='black-text'>In that vein, JP Morgan has started an initiative called "<a href="https://www.wsj.com/articles/the-answer-to-your-companys-hiring-problem-might-be-right-under-your-nose-11555689542">skills passport,</a>" which includes assessments for workers to measure their current skills and predict what further career options that have based on the results.</p><p class='black-text'>"It's one thing to invest in machine learning; it's another to reinvent an organization or a business model," <a href="https://www.wsj.com/articles/the-answer-to-your-companys-hiring-problem-might-be-right-under-your-nose-11555689542">says</a> Erik Brynjolfsson, director of the Initiative on the Digital Economy at MIT. "Human capital is quantitatively a much bigger share of the capital in the economy than physical assets like plants, technology and equipment, and we understand it less well."</p> http://www.pws.io/reskilling-the-product-of-a-tight-labor-market Mon, 29 Apr 2019 03:18:00 -0400 Tamanna Chhibbar Fed Contemplates Thresholds for Rate Cuts http://www.pws.io/fed-contemplates-thresholds-for-rate-cuts <p class='black-text'>In light of the complete U-turn the Federal Reserve has made since inching rates upwards last year, the regulatory body may be now considering slashing rates if inflation continues to fall.</p><p class='black-text'>Starting last fall, inflationary pressures began to <a href="https://www.wsj.com/articles/fed-officials-contemplate-thresholds-for-rate-cuts-11555758001">decrease</a>, which was unexpected given Trump's distinct focus on easy fiscal policy and ample government spending.</p><p class='black-text'>Given that inflation is currently hovering at a relatively low rate of <a href="https://www.bloomberg.com/news/articles/2019-04-24/sliding-u-s-inflation-may-provoke-fed-rate-cut-later-this-year">1.8%</a> and may be forecasted to dip even lower, the Fed may raise the topic of potentially cutting rates at the next April 30 FOMC meeting, especially considering that officials have<a href="https://www.bloomberg.com/news/articles/2019-04-24/sliding-u-s-inflation-may-provoke-fed-rate-cut-later-this-year"> already begun discussing it. </a></p><p class='black-text'>"To make the case for Fed cuts outside of a recession, the FOMC would have to conclude that policy is actually restrictive," <a href="https://www.fxstreet.com/news/could-productivity-preclude-a-fed-cut-td-securities-201904241854">say</a> TD Securities analysts.</p><p class='black-text'>"Given that most estimates of the neutral rate in the Fed's dot plot are above current levels, Fed officials would have to reduce their estimates of r*. The distribution of longer-run dots have drifted modestly lower, but we see a fairly high hurdle for the median to fall below the current fund rate range. Indeed, a case can be made for a somewhat higher neutral rate - particularly if productivity improves."</p><p class='black-text'>The key metric to follow is the core inflation rate, which measures the normal basket of goods excluding more volatile commodity prices like food and energy. If this falls below a rate of <a href="https://www.wsj.com/articles/fed-officials-contemplate-thresholds-for-rate-cuts-11555758001">1.5%</a>, many Fed officials such as Chicago's Fed President Charles Evans would be concerned: "I would be extremely nervous about that, and I would definitely be thinking about taking out insurance in that regard" by cutting rates, Evans said.</p><p class='black-text'>Another notion to consider is <a href="https://www.fxstreet.com/news/could-productivity-preclude-a-fed-cut-td-securities-201904241854">higher productivity rates: </a>if this is the case, then inflation could be lower even though rates should remain at the current level in order to remain neutral. On the other hand, if the inflation rate is reflecting the current strength of the economy and not just higher productivity, then keeping rates where they are could actually exert upward pressure on the real interest rate and further exacerbate a weakening economy.</p><p class='black-text'>"To the extent we've got low inflation in an environment with sub-4 percent unemployment, I think that that's indicative of the fact that we don't have an active Phillips curve in this environment, and you have to look to other channels for signals about inflation," <a href="https://www.bloomberg.com/news/articles/2019-04-24/sliding-u-s-inflation-may-provoke-fed-rate-cut-later-this-year">said</a> St. Louis Fed President James Bullard.</p> http://www.pws.io/fed-contemplates-thresholds-for-rate-cuts Mon, 29 Apr 2019 03:09:33 -0400 Tamanna Chhibbar Blockchain & Crypto Week of April 28 in Review http://www.pws.io/blockchain-crypto-week-of-april-28-in-review <p class='black-text'>The fourth week of April has been exciting for the blockchain and cryptocurrency world. Perhaps the biggest news is that <a href="https://www.bloomberg.com/news/articles/2019-04-26/e-trade-is-said-to-be-close-to-launching-cryptocurrency-trading">E*Trade Financial</a> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/ETFC"><span style="color:#333">(</span><span style=";">ETFC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="ETFC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="ETFC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="ETFC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> plans to launch cryptocurrency trading on its platform soon. The New York-based online brokerage giant told Bloomberg that it will first allow customers to trade Bitcoin (BTC) and Ethereum (ETH), before considering rolling out other major coins. With 5 million brokerage accounts, total assets over $65 billion, and a quality reputation in traditional finance, E*Trade would become a serious competitor to major American exchanges Coinbase, Gemini, and Kraken. The firm did not confirm the exact date of its crypto trading debut.</p><p class='black-text'>Here is the rest of the week in review:</p><iframe width="100%" height="400" src="New York attorney general " frameborder="0" allowfullscreen></iframe><iframe width="100%" height="400" src="https://www.youtube.com/embed/UjQjq1eWqCc">New" frameborder="0" allowfullscreen></iframe><p class='black-text'>The alleged that the Bitfinex exchange secretly borrowed money from Tether to cover up a loss of $850 million. Attorney general Letitia James said in a statement that the state government obtained a court order against iFinex, the parent company of Bitfinex and Tether. New York claims that $850 million of Bitfinex's customer funds were frozen at a payment processor named Crypto Capital and led to lengthy withdrawal delays. Crypto Capital told Bitfinex the funds were seized by the governments of the US, Portugal, and Poland. Then Tether agreed to lend Bitfinex $625 million. James believes that the two firms hid the problem and lied to investors. Though New York is not prosecuting iFinex, the news has rocked the exchange and stablecoin firm already plagued by past controversy.</p><p class='black-text'><a href="https://www.coindesk.com/paxos-to-issue-up-to-100-million-of-stablecoins-on-ontology-blockchain">Paxos </a>will partner with Ontology's ONT token to issue up to 100 million of its regulated PAX stablecoins, pegged to and backed by the US dollar (USD). PAX is currently just an ERC-20 token running on the Ethereum blockchain, but the new $100 million issue will make PAX available on the Ontology blockchain as an OEP-4 token. The Singapore-based Ontology Foundation said that unlike Tether, Paxos conducts regular open audits and keeps all its US dollars safe in independent bank accounts insured by the FDIC. Paxos and Ontology believe the issue will help facilitate real business use cases for the stablecoin.</p><p class='black-text'>Crypto prices slipped slightly to $172 billion this week, largely due to the Bitfinex and Tether drama. For the majors, all except Bitcoin are red, with Stellar (XLM) and Monero (XMR) posting heavy losses. In the top 100, the biggest losers are MetaHash (MHC), down 30%, PIVX (PIVX), down 28%, and Lightning Bitcoin (LBTC), down 24%. The biggest gainers are CasinoCoin (CSC), up a whopping 191%, ILCoin (ILC), up 74%, and Energi (NRG), up 14%. Next week, traders will watch how the markets react to the Bitfinex and Tether aftermath.</p><p class='black-text'><i>The author owns a small amount of BTC.</i></p> http://www.pws.io/blockchain-crypto-week-of-april-28-in-review Sun, 28 Apr 2019 20:27:29 -0400 Eric Yao Uber and Slack take center stage for their IPO's. http://www.pws.io/uber-and-slack-take-center-stage-for-their-ipos <p class='black-text'>The IPO markets roll into May with an ever building excitement surrounding the year of big name launches. Investors continue to be glued to the IPO markets looking for the latest news on the big names that are all slowly making their way to the markets.</p><p class='black-text'>Uber <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UBER"><span style="color:#333">(</span><span style=";">UBER</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UBER" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UBER" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UBER" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has been the major focus as they are now officially ready to launch. Though they did announce last week that they would be pricing in a range of $44-$50 investors are still excited about this headline IPO. Prior to the Lyft <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LYFT"><span style="color:#333">(</span><span style=";">LYFT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LYFT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LYFT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LYFT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> IPO Uber had sought to price at a level that would give them a $100 billion valuation but since chose to lower that expectation to around $85 billion. Look for the official IPO of Uber next week.</p><p class='black-text'>Slack <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SK"><span style="color:#333">(</span><span style=";">SK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has also been in the news with their announcement of a direct listing on the New York Stock Exchange. The popular workplace messaging app will sell an undisclosed amount of shares direct to investors in the controversial IPO process that Spotify <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPOT"><span style="color:#333">(</span><span style=";">SPOT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPOT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPOT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPOT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> used last year.</p><p class='black-text'>Looking ahead to this week we have a bunch of names that are trying to price before the focus turns 100% to Uber. The largest offering of the week comes from Beyond Meat <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BYND"><span style="color:#333">(</span><span style=";">BYND</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BYND" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BYND" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BYND" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> out of California. The company makes plant based meat products and has sold $88 million worth of these products over the last year. Their looking for $175 million and will offer 8.75 million shares at a range of $19-$21. Some quick math shows they are seeking a massive $1.23 billion valuation.</p><p class='black-text'>Their are two Chinese tech names this week and two healthcare names. So-Young <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SY"><span style="color:#333">(</span><span style=";">SY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is in the plastic surgery space and Yunji <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/YJ"><span style="color:#333">(</span><span style=";">YJ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="YJ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="YJ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="YJ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is an eCommerce site with a social focus. Though both of them will grab your attention for their recent, rapid growth, it's hard to look past the lack of profits.</p><p class='black-text'>The healthcare names are TransMedics Group <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TMDX"><span style="color:#333">(</span><span style=";">TMDX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TMDX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TMDX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TMDX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Trevi Therapeutics <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TRVI"><span style="color:#333">(</span><span style=";">TRVI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TRVI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TRVI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TRVI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, both of which are on the smaller end of the deals this week. TransMedics is in the donor device category and Trevi is in the drug space. Both are looking for just under $75 million each.</p> http://www.pws.io/uber-and-slack-take-center-stage-for-their-ipos Sun, 28 Apr 2019 04:59:05 -0400 Dustin Tibbitts Joe Biden is the Old Guard http://www.pws.io/joe-biden-is-the-old-guard <iframe width="100%" height="400" src="officially announced" frameborder="0" allowfullscreen></iframe><iframe width="100%" height="400" src="https://www.youtube.com/embed/VbOU2fTg6cI">officially" frameborder="0" allowfullscreen></iframe><p class='black-text'>On Thursday, April 25, Joe Biden he is running for the Democratic nomination for US president in 2020. The move came after months of speculation from the media and party insiders, as Biden had seemed to express regret for not running in 2016. In the campaign announcement video, he slammed Trump's Charlottesville response and the administration's coziness with white supremacists and neo-Nazis. Biden is the Democratic old guard who will need to win the hearts of diverse voters as the latest candidate to enter the crowded primary field of 21 presidential hopefuls.</p><p class='black-text'><a href="https://www.businessinsider.com/who-is-joe-biden-bio-age-family-key-positions-2019-3">Biden </a>was born in 1942 in Pennsylvania to a middle class family. He attended the University of Delaware and Syracuse University College of Law. He worked as a law clerk, public defender, and county councilor. Then he ran for US Senate in Delaware in 1972 and won. Biden met his current wife Jill in 1975. He served 6 terms in the Senate and chaired the powerful Senate Judiciary and Foreign Relations Committees during his long tenure. He played a crucial part in drafting and passing the 1994 crime bill and Violence Against Women Act. He unsuccessfully ran for president in 191988 and 2008. Finally, Biden served for 8 years as President Barack Obama's vice president.</p><p class='black-text'>Biden offers a few vague policy issues on his campaign <a href="https://joebiden.com/">website</a>. Among those are restoring the middle class and helping workers, improving education, addressing pollution and climate change, reforming the criminal justice system, supporting fair trade, protecting voting rights and creating public campaign financing, and upholding a humane immigration policy. He also wants to defend the Affordable Care Act and strengthen Obamacare's access to healthcare. Biden's vision is based on his old guard values of tolerance, diversity, and freedom. He is running a values-based campaign focused on attacking Trump's multiple flaws.</p><p class='black-text'>Biden faces many challenges in his run. First, he is very old at age 76 and would be the oldest president ever. Second, his long political record is less progressive and more moderate. His role in the crime bill and resulting mass incarceration, Iraq and Afghanistan wars, and the Clarence Thomas and Anita Hill hearings will be criticized by the left. Third, Biden has a history of inappropriately touching women and children. But Biden also enjoys many advantages. First, he has broad name recognition and topped recent polls, even against Trump. Second, he has the backing of much of the Democratic establishment, <a href="https://www.nytimes.com/2019/04/26/us/politics/biden-fundraising.html">raising $6.3 million</a> in his campaign's first day. Third, he could be a more appealing candidate to centrists, independents, and white voters who feel nostalgia for the Obama era. As the last major candidate to declare a campaign, Biden will be discussed on the news cycle until June's first primary debate.</p> http://www.pws.io/joe-biden-is-the-old-guard Fri, 26 Apr 2019 20:35:41 -0400 Eric Yao Markets Close at Record Highs http://www.pws.io/markets-close-at-record-highs <p class='black-text'>The markets closed out the week with record highs as investors navigated the busiest week of this earnings season. The Dow 30 closed higher by 81, the S&P 500 added 13, and the Nasdaq finished up 27. The S&P and the Nasdaq both set records today.</p><p class='black-text'>The main area of focus was GDP growth numbers, which came in much better than expected (3.2% vs. 2.5%). Last quarters report saw a downtick in GDP, yet the S&P 500 still saw a 0.3% gain on the day of the report. This time the report beat handily but investors were cautious as overall inventories saw an uptick, hinting that the consumer is slowing. Some analysts suggest the rise in individual incomes has yet to translate into more spending by the consumer, while others worry that consumer spending will slow. The last retail sales numbers would argue that the consumer is still spending away.</p><p class='black-text'>Sector News</p><p class='black-text'>Semiconductors were weak once again, this time thanks to disappointing guidance from Intel after reporting an earnings beat. For the year the semiconductors have enjoyed a rather strong rally, posting gains of about 40% at highs. Since the start of earnings season for the chip stocks, however, the sector has pulled back.</p><p class='black-text'>Oil sold off on the day after reports emerged that President Trump called OPEC and asked for them to take actions to slow the rising cost of oil. Oil has been one of the better-performing areas this year with gains of about 50% off the lows.</p><p class='black-text'>Stock News</p><p class='black-text'>Amazon <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were slightly higher today after beating earnings estimates by a whopping $2.43 per share. Revenue also beat Wall Street's expectations. As predicted, however, the company's growth is slowing. Amazon has previously warned about this. They also say they're focusing on spending on their fulfillment centers so they can offer 1-day shipping for Prime members. Shares remain at highs of the year and about 6.5% from all-time highs.</p><p class='black-text'>Ford <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/F"><span style="color:#333">(</span><span style=";">F</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="F" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="F" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="F" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares shot higher by double digits early today as the company reported earnings and revenue that were much better than analysts expected. Ford credit saw a strong uptick in revenue. The company also cited higher margins and strong demand for trucks and SUVs here in the states. Shares hit their highest levels since July and are now higher by about 30% on the year.</p><p class='black-text'>Intel <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/INTC"><span style="color:#333">(</span><span style=";">INTC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="INTC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="INTC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="INTC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares sold off about 10% today despite an earnings beat. Traders were focused on guidance on revenue for the second quarter as well as the full year, which came in less than expected. Today's move erased about half of the entire year's gains. Despite this loss, shares are still higher by double digits on the year.</p> http://www.pws.io/markets-close-at-record-highs Fri, 26 Apr 2019 15:37:36 -0400 Dustin Tibbitts The Real Impact of North American Trade Deal http://www.pws.io/the-real-impact-of-north-american-trade-deal <p class='black-text'>The U.S. International Trade Commission is currently in the process of vetting the potential new North American treaty between the US, Mexico and Canada, before <a href="https://www.wsj.com/articles/debate-grows-over-likely-effects-of-trumps-north-american-trade-deal-11555620697">Congress is able to ratify the agreement.</a></p><p class='black-text'>The Commission claims that the deal will result in U.S. gross domestic product increasing by<a href="https://www.wsj.com/articles/debate-grows-over-likely-effects-of-trumps-north-american-trade-deal-11555620697"> 0.35%</a> over time, also entailing the addition of <a href="https://www.wsj.com/articles/debate-grows-over-likely-effects-of-trumps-north-american-trade-deal-11555620697">176,000 jobs into the labor force. </a></p><p class='black-text'>More importantly, the USMCA deal addresses a key tenet of the contemporary economy that NAFTA never did: the notion of <a href="https://www.newsweek.com/us-mexico-canada-trade-deal-opinion-1398306">e-commerce. </a>USMCA accounts for the fluidity with which consumers are able to internationally buy and sell online, focusing on perishable goods through policies such as <a href="https://www.newsweek.com/us-mexico-canada-trade-deal-opinion-1398306">zero tariffs on agricultural products for all three nations</a>, improving the efficiency by which farmers can mobilize food products across borders.</p><p class='black-text'>The deal also requires that <a href="https://www.newsweek.com/us-mexico-canada-trade-deal-opinion-1398306">75% of automotive parts </a>be manufactured in North America to further take advantage of free tariffs. This is an increase from the current requirement of <a href="https://www.newsweek.com/us-mexico-canada-trade-deal-opinion-1398306">62.5%. </a>The Trump administration claims this is conducive to bringing in <a href="https://www.wsj.com/articles/debate-grows-over-likely-effects-of-trumps-north-american-trade-deal-11555620697">$34 billion in total investment</a> in the U.S. auto industry.</p><p class='black-text'>That said, given the scale of the US economy, the values released by the Commission represent but a tiny fragment of the growth the country is already achieving. Putting those numbers in context, USA already has a GDP of <a href="https://www.apnews.com/943741025be6411c87ab4dd796ec367c">$21 trillion-a-year, along with a job market of almost 151 million people.</a></p><p class='black-text'>The real impact of the deal is thus questionable, at least in the short term. What's more is that because the deal entails many concessions being made to pressure groups such as environmental groups, the costs of operating businesses could <a href="https://www.wsj.com/articles/debate-grows-over-likely-effects-of-trumps-north-american-trade-deal-11555620697">actually increase.</a></p><p class='black-text'>Moreover, as far as the free-tariff policy is concerned, tariffs between the three countries had already technically been eliminated through <a href="https://www.wsj.com/articles/debate-grows-over-likely-effects-of-trumps-north-american-trade-deal-11555620697">NAFTA in the 90s.</a> The Commission has thus concluded that the new deal will not actually be that significant in terms of immediate impact.</p><p class='black-text'>To counter these claims, Kevin Hassett, chairman of the White House Council of Economic Advisers, said that some of the more new-age provisions of the agreement, such as <a href="https://www.wsj.com/articles/debate-grows-over-likely-effects-of-trumps-north-american-trade-deal-11555620697">stronger intellectual property protections,</a> are currently being underrated.</p><p class='black-text'>"I think this is a blockbuster report," he <a href="https://www.wsj.com/articles/debate-grows-over-likely-effects-of-trumps-north-american-trade-deal-11555620697">said</a>. "This is the kind of report you need to get people who are on the fence to vote for the bill."</p> http://www.pws.io/the-real-impact-of-north-american-trade-deal Thu, 25 Apr 2019 20:11:30 -0400 Tamanna Chhibbar IBM Posts Weak Earnings, Declining Revenue http://www.pws.io/ibm-posts-weak-earnings-declining-revenue <p class='black-text'>IBM <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/IBM"><span style="color:#333">(</span><span style=";">IBM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="IBM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="IBM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="IBM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has reported a <a href="https://www.wsj.com/articles/ibms-revenue-falls-again-11555445687">third consecutive quarter of declining revenue</a> in its earnings report, sinking <a href="https://www.businessinsider.es/ibm-earnings-q1-2019?r=US&IR=T">3%</a> as a result of undershooting expectations.</p><p class='black-text'>The reported revenue stood at a value of <a href="https://www.businessinsider.es/ibm-earnings-q1-2019?r=US&IR=T">$18.18 billion, which is 4.7% less </a>than what the company reported this time last year.</p><p class='black-text'>On the other hand, IBM did report a better-than-expected earnings of per share of <a href="https://www.businessinsider.es/ibm-earnings-q1-2019?r=US&IR=T">$2.25. </a>It also must be taken into account that the company did alter its reporting structure this quarter as compared to the first quarter, ridding itself of the <a href="https://www.cnbc.com/2019/04/16/ibm-earnings-q1-2019.html">Technology Services & Cloud Platforms </a>segment while <a href="https://www.cnbc.com/2019/04/16/ibm-earnings-q1-2019.html">adding the Cloud & Cognitive Software and Global Technology Services business segments instead.</a></p><p class='black-text'>"IBM's investments in innovative technologies coupled with our industry expertise and our commitment to trust and security position us well to help clients move to chapter two of their digital reinvention," IBM CEO Ginny Rometty <a href="https://www.businessinsider.es/ibm-earnings-q1-2019?r=US&IR=T">said</a> in a statement.</p><p class='black-text'>The company claims that a lot of the weak financials are the upshot of <a href="https://www.cnbc.com/2019/04/16/ibm-earnings-q1-2019.html">IBM Z product cycle dynamics, </a>and needing to upgrade to new mainframe technology, a move that augmented values on the cost-side.</p><p class='black-text'>"IBM is winning new, even cloud-native, customers before RHT," Nomura Instinet analysts wrote in a note <a href="https://www.cnbc.com/2019/04/16/ibm-earnings-q1-2019.html">sent to clients on April 9</a>. "OpenShift [a Red Hat product] should help IBM win new customers and new workloads as enterprises begin to usher mission-critical applications from on-premise to public or private clouds."</p><p class='black-text'>IBM is expected to close its acquisition of Red Hat later this year, for a total sum of<a href="https://www.cnbc.com/2019/04/16/ibm-earnings-q1-2019.html"> $34 billion.</a> Red Hat is an <a href="https://www.wsj.com/articles/ibms-revenue-falls-again-11555445687">open-source software and services company that helps businesses streamline their computing strategies as they grow. </a>Since this would be IBM's biggest acquisition until date, the deal would undoubtedly bolster investor confidence in light of a weaker earnings report. It would also endow the company with integral technological capital that is conducive to long-term success, along with more opportunities for both economies of scale and scope.</p> http://www.pws.io/ibm-posts-weak-earnings-declining-revenue Thu, 25 Apr 2019 20:04:10 -0400 Tamanna Chhibbar Apple and Qualcomm settle Patent Dispute http://www.pws.io/apple-and-qualcomm-settle-patent-dispute <p class='black-text'>Apple <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Qualcomm <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QCOM"><span style="color:#333">(</span><span style=";">QCOM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QCOM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QCOM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QCOM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> hav ended their years-long dispute concerning the way in which royalties were collected for their respective innovations.</p><p class='black-text'>As part of the settlement, Apple will pay Qualcomm an undisclosed sum to account for past products and collaborations. The deal also includes a six-year license agreement for the future and a multiyear deal under which Qualcomm will <a href="https://www.wsj.com/articles/the-apple-qualcomm-courtroom-showdown-kicks-off-11555426610">provide Apple with modem chips.</a></p><p class='black-text'>As a result of the settlement, which would "<a href="https://www.economist.com/business/2019/04/17/apple-and-qualcomm-settle-a-feud-over-patents">dismiss all litigation between the two companies worldwide</a>," Qualcomm's shares rose by <a href="https://www.wsj.com/articles/the-apple-qualcomm-courtroom-showdown-kicks-off-11555426610">23%. </a>This is the direct result of a boost in investor confidence resulting from the elimination of litigation as a source of fiscal instability.</p><p class='black-text'>"This is an enormous win for Qualcomm because the suit and related suits were life-threatening to the company," <a href="https://www.wsj.com/articles/the-apple-qualcomm-courtroom-showdown-kicks-off-11555426610">said</a> Roger Kay of Endpoint Technologies Associates. "For Apple, a loss would have been financially punishing, but for Qualcomm, this would have destroyed the business. This is like a new lease on life."</p><p class='black-text'>Qualcomm had initially claimed that Apple violated certain patent agreements by withholding royalty payments. Apple countered the claims by stating that the former had in fact, significantly overcharged for those patents. In fact, Apple's lawyers attempted to depict Qualcomm as a monopolist that had used its patent portfolio to charge hefty licensing fees of <a href="https://www.wsj.com/articles/the-apple-qualcomm-courtroom-showdown-kicks-off-11555426610">5%</a> of the retail price of iPhones sold globally, with the fees maxed out at<a href="https://www.wsj.com/articles/the-apple-qualcomm-courtroom-showdown-kicks-off-11555426610"> $400 a phone.</a></p><p class='black-text'>The notion of reaching an out-of-court settlement in order to preserve its own market power and technological hegemony is no new move in Apple's playbook. In 2015, the US Court of Appeals put out a ruling in which Apple had to pay<a href="https://www.extremetech.com/computing/289959-report-apple-bought-loads-of-cheap-patents-to-make-qualcomm-look-bad"> $450M for colluding with ebook sellers to fix ebook prices. </a></p><p class='black-text'>After the court had made its decision, Judge Gonzalo Curiel <a href="https://www.wsj.com/articles/the-apple-qualcomm-courtroom-showdown-kicks-off-11555426610">told the jurors:</a> the agreement will "allow these tech companies to get back to business and you to return to your everyday affairs."</p> http://www.pws.io/apple-and-qualcomm-settle-patent-dispute Thu, 25 Apr 2019 19:35:33 -0400 Tamanna Chhibbar Kroger Struggles With Grocery Upheaval http://www.pws.io/kroger-struggles-with-grocery-upheaval <p class='black-text'>Kroger <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KR"><span style="color:#333">(</span><span style=";">KR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has had a difficult time breaking boundaries of late, particularly because it has failed to evolve technologically in an economic environment that thrives on <a href="https://www.businessinsider.com/kroger-online-grocery-struggling-2019-4?IR=T">e-commerce. </a></p><p class='black-text'>Historically, Kroger has maintained a traditional, home-style approach to conventional grocery shopping, holding back from investing in technological improvements like its contemporaries have, instead focusing on expanding <a href="https://www.wsj.com/articles/americas-biggest-supermarket-company-struggles-with-online-grocery-upheaval-11555877123">in-store sales.</a></p><p class='black-text'>As a result, executives who have invested in the business are maintaining a tighter grip on their money. Some of its technology partners actually <a href="https://www.wsj.com/articles/americas-biggest-supermarket-company-struggles-with-online-grocery-upheaval-11555877123">prematurely exited a meeting earlier in protest, </a>owing to the companies' intransigence with respect to change.</p><p class='black-text'>CEO Rodney McMullen acknowledges the problems his company has been facing, but also believes it will improve moving forward: "We've got to get our butts in gear," he <a href="https://www.wsj.com/articles/americas-biggest-supermarket-company-struggles-with-online-grocery-upheaval-11555877123">said</a> in an interview. "There was no doubt we were behind."</p><p class='black-text'>What's more is that Kroger has been very inactive in the M&A department, unlike its rivals, failing to acquire or work with potentially helpful startups. In fact, initially, Kroger was interested in online grocery delivery service <a href="https://www.businessinsider.com/kroger-online-grocery-struggling-2019-4?IR=T">Shipt, meal kit company Plated, and bulk e-tailer Boxed.com.</a> However, it ultimately never ended up solidifying these deals. Shipt was acquired instead by <a href="https://www.businessinsider.com/kroger-online-grocery-struggling-2019-4?IR=T">competitor Target in 2017.</a></p><p class='black-text'>In terms of tech integration, although Kroger acquired Vitacost, an online seller of natural foods and supplements, for <a href="https://www.businessinsider.com/kroger-online-grocery-struggling-2019-4?IR=T">$280 million in 2014,</a> it did not fully avail itself of Vitacost's technology. When Vitacost's employees suggested using email promotions instead of paper circulars, Kroger didn't follow through.</p><p class='black-text'>"Most of us, when we say the digital world, automatically conclude that e-commerce is where everything is going," Kroger 2013 CEO David Dillon <a href="https://www.wsj.com/articles/americas-biggest-supermarket-company-struggles-with-online-grocery-upheaval-11555877123">told investors</a>. "I don't draw that same conclusion." There has thus clearly been a longstanding trend of Kroger avoiding technological change, the disadvantages of which are beginning to show in the present day.</p><p class='black-text'>Even so, some remain optimistic. John San Marco, a research analyst at Neuberger Berman, <a href="https://www.wsj.com/articles/americas-biggest-supermarket-company-struggles-with-online-grocery-upheaval-11555877123">said</a>: "Kroger is in the very early innings of a business transformation," he said. "This isn't a one and done."</p><p class='black-text'>Indeed, the company is beginning to invest more heavily in technology, including robotic delivery, curbside pickup, smart stores, click and collect options, and <a href="https://www.clickz.com/kroger-grocery-retail/234395/">advanced in-store camera systems</a>. Although it's late to the party, Kroger could still catch up to its rivals.</p> http://www.pws.io/kroger-struggles-with-grocery-upheaval Thu, 25 Apr 2019 19:31:23 -0400 Tamanna Chhibbar The Tesla Counter-Trend Play http://www.pws.io/the-tesla-counter-trend-play <p class='black-text'>Shares of Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> sold off 4.25% on Thursday following their earnings release, which showed a loss per share that was $2.21 greater than Wall Street had expected. The company said they should return back to profitability in the third quarter as they continue to cut costs and streamline their deliveries. Investors weren't impressed, however, and pushed the stock to its lowest levels since October of last year.</p><p class='black-text'>Technical traders noted that the move today pushed below the $250 support that almost every analyst on Wall Street has been focused on for months. One analyst lowered their price target to $240 on Tuesday; after today's drop, it has almost reached that level.</p><p class='black-text'>The trade of the week will be countertrend in nature but will require a little patience. Following Thursday's decline, it's expected that the stock will fall further as the selling picks up. Traders looking to play the counter-trend bounce can do so by first waiting for the stock to fall to the $240 price level and then looking to play a long. Given that Tesla is a rather volatile name, we'll want to focus on risk first.</p><p class='black-text'>The trade of the week will be to wait for Tesla to move to $240 and then sell the $225/$220 put spread in June for $1.25. If the stock falls sharply over the next few days, it's likely that one can get a better credit than the $1.25, but this will be the starting point. The goal will be to have a quick, snapback-type rally off that area, which should allow for a quick profit in the 50% range.</p> http://www.pws.io/the-tesla-counter-trend-play Thu, 25 Apr 2019 19:24:14 -0400 Dustin Tibbitts Markets Mixed in Busiest Earnings Day of Season http://www.pws.io/markets-mixed-in-busiest-earnings-day-of-season <p class='black-text'>The markets traded mixed today as earnings jumbled up the major indices. The Dow 30 closed lower on the day by 133 thanks in part to an earnings miss from 3M. The S&P 500 closed in the red by 1 and the Nasdaq added 16 on the day.</p><p class='black-text'>While earnings continues to be the major focus, jobless claims reports today were a bit of a black eye on this record setting market. New jobless claims have hovered near lows for some time but today showed a surprise to the upside. Claims came in at 230,000 which was higher than expected by 37,000. This is the largest increase on a week-over-week basis since late 2017.</p><p class='black-text'>Earnings tomorrow will conclude the busiest week of the season with reports from American Airlines <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAL"><span style="color:#333">(</span><span style=";">AAL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Colgate Palmolive <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CL"><span style="color:#333">(</span><span style=";">CL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Chevron <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CVX"><span style="color:#333">(</span><span style=";">CVX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CVX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CVX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CVX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, ExxonMobil <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XOM"><span style="color:#333">(</span><span style=";">XOM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XOM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XOM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XOM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, and more.</p><p class='black-text'>Sector News</p><p class='black-text'>Industrials took a hit today on a disappointing earnings report from 3M. The sector has been hinting at being the next to make new record highs as recently as yesterday, but today's weakness puts it back towards the 50-day moving average.</p><p class='black-text'>Semiconductors pulled back today as well after an impressive multi-day runup, setting record highs in the process. Earnings from Xilinx <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLNX"><span style="color:#333">(</span><span style=";">XLNX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLNX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLNX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLNX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which accounts for about 4.5% of the sector were blamed as part of the reason for the weakness.</p><p class='black-text'>Stock News</p><p class='black-text'>3M <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MMM"><span style="color:#333">(</span><span style=";">MMM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MMM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MMM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MMM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares plummeted today, holding back the Dow as the company reported earnings that missed Wall Street's expectations by 26 cents per share. The company also reported that they saw revenue below expectations which caused them to guide lower for the rest of the year. In addition the company said they will have to cut about 2,000 jobs. In one fell swoop shares erased nearly 3 months worth of gains.</p><p class='black-text'>Southwest Airlines <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LUV"><span style="color:#333">(</span><span style=";">LUV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LUV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LUV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LUV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares enjoyed a strong day today, moving back to the 200-day moving average as the company reported earnings that beat expectations by 9 cents along with revenue which was better than expected as well. Overall profit was lower thanks to the continued 737 Max grounding but investors mostly expected this.</p><p class='black-text'>Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares continued their march towards the long time support of $250 again as the company reported earnings which showed a loss that was much larger than expected (2.21 per share wider). The company says that they should return to a profitable position by the third quarter as they continue to cut costs and streamline deliveries.</p> http://www.pws.io/markets-mixed-in-busiest-earnings-day-of-season Thu, 25 Apr 2019 14:54:20 -0400 Dustin Tibbitts ETF update for a record setting week. http://www.pws.io/etf-update-for-a-record-setting-week <p class='black-text'>The markets have started the busy earnings week on a very positive note. In fact the S&P 500 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has hit new record highs as earnings continue to beat handily on expectations. Year to date the SPY is now higher by about 17%, sitting at record highs which is impressive considering the 20% decline which closed out the year last year.</p><p class='black-text'>The Nasdaq 100 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QQQ"><span style="color:#333">(</span><span style=";">QQQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QQQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QQQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QQQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> can also say that it is at a new record high as well with similar performance to the S&P 500 this week. With big tech helping spur the rally in addition to a recovery in biotech the QQQ now sits at a healthy 23% gain this year alone.</p><p class='black-text'>Communication Services <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLC"><span style="color:#333">(</span><span style=";">XLC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> continues to be a leader overall thanks in part to some of the larger names in the space. Facebook <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FB"><span style="color:#333">(</span><span style=";">FB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> which has been steadily moving above the range set from January to March is part of the support. Facebook makes up about 20% of the sector. Netflix <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NFLX"><span style="color:#333">(</span><span style=";">NFLX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NFLX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NFLX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NFLX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has also been a recent supporter of the sector as it's moved back towards the high end of it's 3 month range.</p><p class='black-text'>Oil <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/USO"><span style="color:#333">(</span><span style=";">USO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="USO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="USO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="USO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has been a major focus for a number of reasons. First, on Monday the U.S. announced they would not extend the waiver program that allowed some countries to buy Iranian oil. After May 2nd anyone who continues to buy oil from Iran will be subject to sanctions by the U.S. Analysts have anticipated this will pull over 1 million barrels per day off the global supply which sent prices to new highs on the year. Oil is now higher by over 40% on the year.</p><p class='black-text'>Healthcare <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLV"><span style="color:#333">(</span><span style=";">XLV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has recovered somewhat after last weeks collapse. Investors have seen the waterfall drop as a short term, discounted opportunity. Comments from Democratic Presidential Candidate, Bernie Sanders continues to support his stance on expanding Medicare for all. The headline that has pulled the sector down.</p><p class='black-text'>Financials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLF"><span style="color:#333">(</span><span style=";">XLF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> have been quiet this week but remain at highs for the year. Following the bullish burst seen last week as many names in the sector reported earnings, the financials have been content to sit mostly idle at those highs.</p> http://www.pws.io/etf-update-for-a-record-setting-week Wed, 24 Apr 2019 20:18:03 -0400 Dustin Tibbitts Markets Hold Near Highs on Earnings Anticipation http://www.pws.io/markets-hold-near-highs-on-earnings-anticipation <p class='black-text'>The markets took a slight pause today. They closed sitting near record highs, with the Nasdaq holding the major indices back. The Dow 30 closed lower on the day by just 59, the S&P 500 sold off 6, and the Nasdaq closed lower on the day by 18.</p><p class='black-text'>Earnings will continue to be the big focus tomorrow with the heaviest amount of names reporting. 64 names in total on the S&P 500 will report tomorrow. Investors will be focused on names like Starbucks <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SBUX"><span style="color:#333">(</span><span style=";">SBUX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SBUX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SBUX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SBUX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Amazon <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Intel <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/INTC"><span style="color:#333">(</span><span style=";">INTC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="INTC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="INTC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="INTC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Ford <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/F"><span style="color:#333">(</span><span style=";">F</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="F" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="F" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="F" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Capital One <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/COF"><span style="color:#333">(</span><span style=";">COF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="COF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="COF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="COF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, and more.</p><p class='black-text'>Sector News</p><p class='black-text'>Retail was one of the leaders today as the sector has now completely erased all of Monday's declines. Technical traders note the move back to the recent resistance area, where it has struggled to show a meaningful rally. Today's move gives technical traders hope that retail will be able to get back above the 200-day moving average.</p><p class='black-text'>Semiconductors hit yet another new high today as the company enjoyed a boost from earnings reports. Positive earnings from Texas Instruments <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TX"><span style="color:#333">(</span><span style=";">TX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> sent the sector higher on the day, setting new records. Qualcomm <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QCOM"><span style="color:#333">(</span><span style=";">QCOM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QCOM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QCOM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QCOM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> pushing higher also gave a boost to the sector.</p><p class='black-text'>Stock News</p><p class='black-text'>Boeing <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares moved higher today as the company reported earnings which came in as expected, with revenue basically inline as well. The company decided not to give guidance for the rest of the year due to the uncertainty of the 737 Max grounding. They also announced they would temporarily halt their share buyback program to focus on current issues.</p><p class='black-text'>Snap, Inc <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SNAP"><span style="color:#333">(</span><span style=";">SNAP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SNAP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SNAP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SNAP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares sold off sharply today after shooting higher by 10% after hours yesterday when they reported earnings. The company lost 10 cents, which was 2 cents better than expected. Revenue came in strong as well. The company added 4 million new daily active users last quarter, which was 100% better than expected. The company attributes some of this to the rollout of the redesigned Android app.</p><p class='black-text'>AT&T <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/T"><span style="color:#333">(</span><span style=";">T</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="T" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="T" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="T" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares sold off today as the company reported overall revenues that were lower than expected. Earnings came in as expected and the company even reported an increase in wireless plan customers. They also reiterated their commitment to pay off about 3/4 of their debt from the Time Warner buyout by the end of the year.</p><p class='black-text'>Stanley Black & Decker <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SWK"><span style="color:#333">(</span><span style=";">SWK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SWK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SWK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SWK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares moved back to prior highs as the company easily beat on earnings (by 31 cents) along with revenue, which beat as well. The company guided positively for 2019. The company saw growth in its tools and storage revenues to the tune of 3.5%, as they were able to raise prices.</p> http://www.pws.io/markets-hold-near-highs-on-earnings-anticipation Wed, 24 Apr 2019 15:22:47 -0400 Dustin Tibbitts Markets Hit New All-Time Closing Highs http://www.pws.io/markets-hit-new-all-time-closing-highs <p class='black-text'>The markets enjoyed a bullish day today as the earnings tidal wave picked up steam. The Dow 30 closed higher on the day by 144, the S&P 500 closed up 25, and the Nasdaq closed higher by 105. This marked a record for the S&P and Nasdaq.</p><p class='black-text'>This week, investors continue to expect earnings to be the major focus with about 30% of the S&P reporting Q1 performance. Tomorrow, investors will look towards Boeing <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Caterpillar <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CAT"><span style="color:#333">(</span><span style=";">CAT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CAT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CAT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CAT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Facebook <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FB"><span style="color:#333">(</span><span style=";">FB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, and more.</p><p class='black-text'>Sector News</p><p class='black-text'>Communication Services <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLC"><span style="color:#333">(</span><span style=";">XLC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> continues to be a leader overall thanks in part to some of the larger names in the space. Facebook <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FB"><span style="color:#333">(</span><span style=";">FB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which has been steadily moving above the range set from January to March is part of the support. Facebook makes up about 20% of the sector. Netflix <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NFLX"><span style="color:#333">(</span><span style=";">NFLX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NFLX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NFLX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NFLX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has also been a recent supporter of the sector, as it's moved back towards the high end of its 3-month range.</p><p class='black-text'>Oil <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/USO"><span style="color:#333">(</span><span style=";">USO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="USO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="USO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="USO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has been a major focus for a number of reasons. First, on Monday the U.S. announced they would not extend the waiver program that allowed some countries to buy Iranian oil. After May 2nd, anyone who continues to buy oil from Iran will be subject to sanctions by the U.S. Analysts have anticipated this will pull over 1 million barrels per day off the global supply, which sent prices to new highs on the year. Oil is now higher by over 40% on the year.</p><p class='black-text'>Healthcare <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLV"><span style="color:#333">(</span><span style=";">XLV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has recovered somewhat after last week's collapse. Investors have seen the waterfall drop as a short-term discounted opportunity. Democratic Presidential Candidate Bernie Sanders continues to support his stance on expanding Medicare for all. The headline that has pulled the sector down.</p><p class='black-text'>Financials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLF"><span style="color:#333">(</span><span style=";">XLF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> have been quiet this week but remain at highs for the year. Following the bullish burst seen last week as many names in the sector reported earnings, the financials have been content to sit mostly idle at those highs.</p><p class='black-text'>Stock News</p><p class='black-text'>Coca-Cola <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KO"><span style="color:#333">(</span><span style=";">KO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares recovered some of last earnings' gap lower as the company beat expectations by 2 cents. Revenue also beat as the company says they've seen improved sales of some of their new soft drink flavors.</p><p class='black-text'>Verizon <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/VZ"><span style="color:#333">(</span><span style=";">VZ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="VZ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="VZ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="VZ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares sold off today despite beating Wall Street's expectations on earnings. The company saw revenue just under expectations, which investors focused on in the short term, though the company did raise their guidance for the rest of 2019.</p><p class='black-text'>Twitter <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TWTR"><span style="color:#333">(</span><span style=";">TWTR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TWTR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TWTR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TWTR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares blasted off today as the company reported earnings 17 cents higher than expectations. Revenue was also higher than expected, but the focus was on daily active users, which the company just started reporting. It came in at 134 million, which was well above expectations, and increased by 8 million from the previous quarter. Technical traders note the breakout above the 8-month range.</p> http://www.pws.io/markets-hit-new-all-time-closing-highs Tue, 23 Apr 2019 15:24:03 -0400 Dustin Tibbitts T-Mobile-Sprint Deal Faces Antitrust Regulation http://www.pws.io/t-mobile-sprint-deal-faces-antitrust-regulation <p class='black-text'>The upcoming <a href="https://www.wsj.com/articles/t-mobile-sprint-deal-runs-into-resistance-from-doj-antitrust-staff-11555446461">$26 billion merger </a>between T-Mobile <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TMUS"><span style="color:#333">(</span><span style=";">TMUS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TMUS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TMUS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TMUS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Sprint <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/S"><span style="color:#333">(</span><span style=";">S</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="S" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="S" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="S" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has hit a few roadblocks with the Justice Department, owing to some structuring issues that cross the line with respect to current <a href="https://www.wsj.com/articles/t-mobile-sprint-deal-runs-into-resistance-from-doj-antitrust-staff-11555446461">antitrust regulation.</a></p><p class='black-text'>The primary area of potential violation is that the deal may put competition in a precarious position, stemming from the <a href="https://www.wsj.com/articles/t-mobile-sprint-deal-runs-into-resistance-from-doj-antitrust-staff-11555446461">all-stock portion</a> of the deal. Executives have defended the companies' position by arguing that this clause is necessary to improve efficiencies in the merger, given its <a href="https://www.wsj.com/articles/t-mobile-sprint-deal-runs-into-resistance-from-doj-antitrust-staff-11555446461">scale</a>.</p><p class='black-text'>T-Mobile CEO John Legere met with Makan Delrahim, the antitrust division chief on <a href="https://www.bloomberg.com/news/articles/2019-04-19/t-mobile-s-legere-said-to-defend-sprint-deal-to-u-s-officials">Thursday</a> to further defend the deal and its specific clauses. While the issue has not been taken to court yet, a decision should come to light soon given that meetings between senior executives and officials have been ongoing.</p><p class='black-text'>Many <a href="https://thehill.com/opinion/technology/439928-t-mobile-merger-poses-more-questions-than-answers">other issues </a>have also been raised with respect to the merger, including the fact that it may cut jobs and exert downward pressure on wages, disproportionately hurt lower-income people and communities of color, and leave the majority of rural Americans without access to high-speed wireless.</p><p class='black-text'>Labor groups have begun protesting the deal. in the spirit of beltway politics, other pressure groups have also mobilized to rally against the merger. They see the deal as problematic not for what it inherently entails, but rather for the overarching trend of endowing large conglomerates with power that it represents.</p><p class='black-text'>T-Mobile technology chief Neville Ray said in the company's April meeting that the staff remains "very optimistic" they will win government approval. "We are in deep and strong and positive negotiation and discussion," Mr. Ray <a href="https://www.wsj.com/articles/t-mobile-sprint-deal-runs-into-resistance-from-doj-antitrust-staff-11555446461">said</a>. "We will answer every question that is put in front of us."</p><p class='black-text'>As a result of the all-stock deal, Sprint's shares are dwindling, trading at a 20% discount at $6.01. It therefore needs the merger to be passed, or else the chances of the company making a strong comeback are low, and will take a lot of time and capital. "Sprint is in a very difficult situation that is only getting worse," the company <a href="https://www.wsj.com/articles/t-mobile-sprint-deal-runs-into-resistance-from-doj-antitrust-staff-11555446461">said</a>.</p> http://www.pws.io/t-mobile-sprint-deal-faces-antitrust-regulation Mon, 22 Apr 2019 18:19:17 -0400 PWS.IO Nokia Tries to Make a Comeback http://www.pws.io/nokia-tries-to-make-a-comeback <p class='black-text'>Nokia is taking full advantage of the technological battle that has been transpiring between the US and China, veering towards being a top manufacturer of <a href="https://www.wsj.com/articles/nokia-the-1990s-cellphone-pioneer-wants-to-topple-huawei-11555438823">key telecommunications parts</a> instead of the actual handheld devices themselves.</p><p class='black-text'>The Finnish company has been a leading manufacturer of components such as <a href="https://www.wsj.com/articles/nokia-the-1990s-cellphone-pioneer-wants-to-topple-huawei-11555438823">cellular antennas, phone switches, internet routers and more importantly, integral parts for next-generation 5G wireless systems.</a> It is bested only by Huawei, which it now has an advantage over given the US's full scale ban of the latter's products given accusations of fraud and espionage.</p><p class='black-text'>Nokia has fully exploited its position as the next best alternative, pushing the anti-espionage, anti-China agenda that the US has currently adopted. In fact, Nokia chief executive Rajeev Suri recently <a href="https://www.wsj.com/articles/nokia-the-1990s-cellphone-pioneer-wants-to-topple-huawei-11555438823">stated</a>, that without secure 5G systems, "essential trade secrets will fall with those networks: airplane innovations, pharmaceutical formulas, electric-car schematics."</p><p class='black-text'>There is thus a clear push towards marketing Nokia as a transparent and secure company.</p><p class='black-text'>Not only this, but also, Nokia has been trying to appease the Chinese by launching a joint venture with a state-owned Chinese business through which the company has employed <a href="https://www.wsj.com/articles/nokia-the-1990s-cellphone-pioneer-wants-to-topple-huawei-11555438823">17000</a> people in the Greater China region. For context, that is three times the number of employees it has in its native HQ at Finland.</p><p class='black-text'>"We want to be a friend of China," Mr. Suri <a href="https://www.wsj.com/articles/nokia-the-1990s-cellphone-pioneer-wants-to-topple-huawei-11555438823">said</a> in an interview at Nokia headquarters. Moreover, Suri himself serves on the Chinese premier's overseas CEO council, which is privy to government decisions in the domain of business and is able to advise key officials on important business-related matters.</p><p class='black-text'>In order to counter this burgeoning rapport, Washington officials have allegedly tried to tie up with Helsinki to establish a "<a href="https://www.wsj.com/articles/nokia-the-1990s-cellphone-pioneer-wants-to-topple-huawei-11555438823">one-stop-shop financing package</a>" to foreign buyers of telecom equipment from non-Chinese companies, including Nokia.</p><p class='black-text'>Another sign that Nokia has been revamping its position is that it may come out with a new phone soon, in multiple models. New FCC certification shows that new phones with the model numbers <a href="https://www.indiatoday.in/technology/news/story/nokia-5-2-may-be-in-the-works-india-launch-expected-to-happen-soon-1507157-2019-04-22">TA-1188, 1183 and TA-1184</a> have been listed.</p><p class='black-text'>Not only this, but also, Nokia's latest earnings report shows that it has outperformed fiscal expectations, with figures up to<a href="https://www.nasdaq.com/article/nokia-nok-to-report-q1-earnings-whats-in-the-offing-cm1132741"> 7.1%. </a> Moreover, Nokia has reorganized the entire earnings report itself to better reflect its goals, <a href="https://www.nasdaq.com/article/nokia-nok-to-report-q1-earnings-whats-in-the-offing-cm1132741">organizational structure and operational performance</a>, further indicating that it is better positioned to take on future challenges and appease investors. This may also be interpreted as a means by which to boost investor confidence to raise capital for future projects, affirming that the company has big plans.</p> http://www.pws.io/nokia-tries-to-make-a-comeback Mon, 22 Apr 2019 18:13:10 -0400 Tamanna Chhibbar Pete Buttigieg is the Identity Candidate http://www.pws.io/pete-buttigieg-is-the-identity-candidate <p class='black-text'>On April 14, Pete Buttigieg (pronounced "buddha judge"), mayor of South Bend, Indiana, <a href="https://www.nytimes.com/2019/04/14/us/politics/pete-buttigieg-announcement.html">officially announced</a> he is running for the Democratic nomination for US president in 2020. The move came after a few months of touring the country and sharing press with media outlets as part of an exploratory committee. With over $7 million raised from more than 70,000 individual donors, now <a href="https://peteforamerica.com/">Pete for America</a> is committed to making Buttigieg win the primary and become America's next president.</p><p class='black-text'><a href="https://www.businessinsider.com/who-is-pete-buttigieg-bio-age-family-key-positions-2019-3">Buttigieg </a>boasts an impressive resume. The son of immigrants from Malta, he is a 37-year-old mayor of a town with over 100,000 residents. He won the JFK Profiles in Courage Essay Contest and went on to attend Harvard College, where he studied history and literature. He then won a Rhodes Scholarship and attended Pembroke College, Oxford, where he studied philosophy, politics, and economics. He briefly worked for McKinsey and served as a US naval intelligence officer in Afghanistan. He began his mayoral career in 2011 and is currently finishing his second term. Buttigieg is openly gay and lives with his husband Chasten, a teacher. He also speaks 7 languages conversationally.</p><p class='black-text'>Buttigieg has may advantages in the primary race. He is one of the Democratic front runners in terms of glittering media coverage and money raised. He has been steadily rising in the polls to only behind Bernie Sanders, Joe Biden, and Kamala Harris. He has enlisted <a href="https://www.cnbc.com/2019/04/17/pete-buttigieg-enlists-barack-obama-hillary-clinton-fundraisers-for-2020-campaign.html">top fundraisers </a>from the Obama and Clinton campaigns, including Steve Elmendorf and Robert Pohlad. He is a fresh face at a time when many voters want something new. But most importantly, Buttigieg is the identity candidate this cycle. As a gay millennial mayor from the Midwest, he often says that he is very different from President Donald Trump. Being the first openly gay and millennial president could sway many voters.</p><p class='black-text'>But Buttigieg also faces many <a href="https://www.usatoday.com/story/news/politics/elections/2019/04/14/pete-buttigieg-faces-hurdles-2020-white-house-bid-heres-why/3440568002/">obstacles</a>. First, he is big on philosophy but not policy. His website still contains zero policy proposals. On the campaign trail, he has said he wants a Medicare public option and an end to the Electoral College. But he has not given specific proposals for climate change, economic inequality, labor issues, or education, among others. In a primary where Bernie, Elizabeth Warren, and Andrew Yang tower over the rest of the field in policy proposals, Buttigieg's ambiguity could be his downfall. Though he has no full-blown <a href="https://www.nytimes.com/2019/04/19/us/politics/buttigieg-black-police-chief-fired.html">scandals</a>, he once fired a black police chief for recording racist remarks by other officers and said "All Lives Matter" in 2015, so his record on race relations will be under scrutiny.</p><p class='black-text'>Ultimately, Buttigieg could be the next O'Malley or Obama. While he is currently solidly in the top 10, his performance in the upcoming debates will determine his electoral success.</p> http://www.pws.io/pete-buttigieg-is-the-identity-candidate Mon, 22 Apr 2019 18:07:14 -0400 Eric Yao Use Both Technical and Fundamental Analysis? http://www.pws.io/use-both-technical-and-fundamental-analysis <p class='black-text'>There has always been a strong debate in the trading world between the technical traders and the fundamentalists. While the technical traders believe that charts and price history will always show the best view of what market participants are thinking at various price levels, fundamental traders would claim that valuation metrics are the only way to see clear pricing of stocks. No matter where you land, today we ask: why use only one?</p><p class='black-text'>You likely have seen healthcare stocks take a beating last week and many will look at that as a discount in the short term from a technical perspective. While there's no doubt that prices are considerably less than weeks prior, you really are relying on the short-term, technical oversold conditions to help support prices. Fundamental traders will look at this recent drop in the sector and still see that the sector is not trading at any discount. Their beliefs would be that prices may bounce a touch in the short term, but that the sector still has room to move lower. Looking at a trailing 12 month P/E on the sector, you'd see that it's still priced just above average relative to history.</p><p class='black-text'>So, how can one use both fundamental and technical analysis to find good opportunities to invest? Take a look at the energy sector. Currently energy is the most undervalued sector in the S&P 500, trading at a price-to-earnings multiple not seen in over a year - which also happens to be on the low end overall. This is a sector that fundamental traders would agree is underpriced and currently trading at "value" levels. Now, dig deeper at some of the individual stocks in this sector. While it may require a little bit of homework, can you find any stocks that also happen to be trading near support levels or seem to be trying to break out of a downtrend?</p><p class='black-text'>With a little bit of work you can take a top-down approach where you look at the valuations and technical levels of sectors and then zoom in to see what stocks are priced cheaply and offer good entry points. Remember, fundamental analysis tells you why you might be interested in a sector or stock and technical analysis tells you when you might want to buy that stock or ETF.</p> http://www.pws.io/use-both-technical-and-fundamental-analysis Mon, 22 Apr 2019 18:03:45 -0400 Dustin Tibbitts Markets Quiet Ahead of Huge Earnings Week http://www.pws.io/markets-quiet-ahead-of-huge-earnings-week <p class='black-text'>The markets traded quietly but mostly positive following the holiday weekend. The Dow 30 was lower by 46 points, held back by some continued weakness in Boeing <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. The S&P 500 inched closer to record highs, but investors were cautious with a busy week of earnings ahead. Over 140 names in the S&P 500 will report this week with 64 names on Thursday alone and 400 across the entire market. So far, 77% of all S&P 500 names that have reported have beat on earnings, with about half of those beating on revenue.</p><p class='black-text'>Tomorrow the markets will focus on earnings from JetBlue <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/JBLU"><span style="color:#333">(</span><span style=";">JBLU</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="JBLU" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="JBLU" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="JBLU" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, The Coca-Cola Company <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KO"><span style="color:#333">(</span><span style=";">KO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Lockheed Martin <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LMT"><span style="color:#333">(</span><span style=";">LMT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LMT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LMT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LMT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Pulte Homes <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PHM"><span style="color:#333">(</span><span style=";">PHM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PHM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PHM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PHM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Twitter <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TWTR"><span style="color:#333">(</span><span style=";">TWTR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TWTR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TWTR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TWTR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, eBay <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/EBAY"><span style="color:#333">(</span><span style=";">EBAY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="EBAY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="EBAY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="EBAY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, and others.</p><p class='black-text'>Sector News</p><p class='black-text'>Oil was the big leader today as the US announced that it would be ending the Iranian waivers on oil exports effective May 2. Any buyers of Iranian oil will now be subject to sanctions themselves. The move is estimated to remove about 1 million barrels per day off the global markets, which have already been tightening thanks to continued supply cuts out of OPEC.</p><p class='black-text'>REITs <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/ICF"><span style="color:#333">(</span><span style=";">ICF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="ICF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="ICF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="ICF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> continued their pullback from last week with losses of over 1%. The REIT space has been one of the stronger areas of the market until recently as rates have steadily crept higher. For the year REITs are still higher by about 15%.</p><p class='black-text'>Stock News</p><p class='black-text'>Kimberly Clark <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KMB"><span style="color:#333">(</span><span style=";">KMB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KMB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KMB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KMB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were sharply higher today as the company reported earnings that beat by 12 cents and revenue that was also higher than Wall Street expected. The company cited consumers' absorption of higher prices as well as some cost cutting efforts that helped them offset some currency issues in the first quarter. Shares are now approaching the 20% level year to date.</p><p class='black-text'>Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were lower again today as the company is due to report earnings later this week. The SEC as well as Musk have asked a federal judge for more time as they negotiate a settlement from their ongoing dispute. In other news, the company is investigating a fire which led to an explosion in Shanghai on Sunday, which was caught on closed circuit cameras. The stock was also downgraded today by Evercore with a price target of $240.</p><p class='black-text'>Boeing <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> weighed on the Dow today as a New York Times article cited employees concerns about "shoddy production and weak oversight" regarding the production of the 787 Dreamliner at the South Carolina factory. Boeing was quick to dispute the article, calling it inaccurate.</p> http://www.pws.io/markets-quiet-ahead-of-huge-earnings-week Mon, 22 Apr 2019 17:58:37 -0400 Dustin Tibbitts Blockchain & Crypto Week of April 21 in Review http://www.pws.io/blockchain-crypto-week-of-april-21-in-review <p class='black-text'>The third week of April has been exciting for the blockchain and cryptocurrency world. Perhaps the biggest news is that Japanese bank <a href="https://www.coindesk.com/japans-biggest-bank-invests-in-crypto-investigation-startup-chainalysis">Mitsubishi UFJ Financial Group</a> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MUFG"><span style="color:#333">(</span><span style=";">MUFG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MUFG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MUFG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MUFG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has invested $6 million in a Series B funding round in blockchain analysis startup Chainalysis. Japan's largest bank backed the funding round, which brings Chainalysis' total Series B investments to $36 million. Chainalysis offers a cryptocurrency compliance tool called Chainalysis KYT that provides real time blockchain transaction analysis. The startup plans to use the capital to expand business in Asia and open a new office.</p><p class='black-text'>Here is the rest of the week in review:</p><p class='black-text'><a href="https://www.coindesk.com/bolt-labs-raises-1-5-million-seed-round-to-boost-lightning-privacy">Bolt Labs</a> has raised a $1.5 million seed round led by Dekrypt Capital, Ripple Labs' investment arm Xpring, Lemniscap, and Access Ventures. Founded by Dr. Ayo Akinyele, Bolt Labs aims to bring privacy features to second-layer blockchain solutions like Bitcoin's (BTC) Lightning Network. The basic idea is to hide and protect information about wallet accounts, including payments recipients and senders, as well as funds transacted and held. Dekrypt Capital cofounder Howard Wu said privacy features are essential for cryptocurrency payments to gain adoption without supporting surveillance capitalism. Akinyele plans to launch the experimental Bolt testnet later this year.</p><p class='black-text'>The <a href="https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure">Coinnest </a>exchange announced it went out of business. The South Korean crypto exchange, once the country's third largest, said it is no longer operating. Users need to withdraw funds from the exchange by April 30, and withdrawal fees have been reduced. Coinnest told Korea media that the reasons behind the closure were weakening trade volume and regulatory issues. Coinnest had a rough last year, with an executive being arrested and convicted for fraud. Coinnest also lost $5 million in an airdrop mistake in January due to computer error. Korean users still have many exchanges to choose from, including Upbit, Bithumb, and Coinone.</p><p class='black-text'>Crypto prices rose slightly to close at above $177 billion. For the majors, Monero (XMR) reentered the top 10 and posted modest gains alongside Bitcoin and Ethereum (ETH), but most majors were in the red, with Cardano (ADA) and Tron (TRX) posting heavy losses of 12% and 7%. In the top 100, the biggest losers are Bitcoin SV (BSV), down 20%, MetaHash (MHC), down 20%, and ABBC Coin (ABBC), down 17%. The biggest gainers are MonaCoin (MONA), up a whopping 84%, Particl (PART), up 30%, and Bitcoiin (B2G), up 27%. With some of the momentum from the last huge pump fading, it is possible that the crypto markets go back to another phase of low volatility.</p><p class='black-text'><i>The author owns a small amount of BTC.</i></p> http://www.pws.io/blockchain-crypto-week-of-april-21-in-review Sun, 21 Apr 2019 17:12:07 -0400 Eric Yao More IPO's find success in public markets. http://www.pws.io/more-ipos-find-success-in-public-markets <p class='black-text'>If you have never heard of an IPO before last week then it is highly likely you now know what they are but also, you also probably know of a handful of names that are going public. The media attention around this hot area of the market has been steadily increasing and although last week was only 4 days long there wasn't one day where current and future IPO's were talked about.</p><p class='black-text'>The most widely known name of the group was Pinterest <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PINS"><span style="color:#333">(</span><span style=";">PINS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PINS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PINS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PINS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> which grabbed attention not only for it's brand power but also for their launch. The IPO priced higher than it's original range and on it's first day popped about 30%. The social media platform isn't quite able to show a profit but that didn't stop new investors from diving in.</p><p class='black-text'>Zoom Video <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/ZM"><span style="color:#333">(</span><span style=";">ZM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="ZM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="ZM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="ZM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> was thrust to the front of all media attention as their IPO could have been the best, all around performing IPO of the year so far. The company was able to raise their pricing range just before launching thanks to strong demand but that demand was underestimated as the stock shot up another 70% upon opening. Why? They are a profitable company. IPO investors have been forced into listings with little to no sales as well as almost every IPO being unprofitable. Zoom's strong subscriber base and profitability had IPO investors racing to pay any price for the platform.</p><p class='black-text'>Now, the bad news is that this week there is not really any new listing you can sink your teeth into, but you can prepare for those big names that are working their way to IPO. We will very likely see pricing info from Uber as well as get more clarity on a slew of companies that are just around the corner from their launch.</p> http://www.pws.io/more-ipos-find-success-in-public-markets Sun, 21 Apr 2019 17:09:02 -0400 Dustin Tibbitts