Listen To Wednesday’s Investor’s Edge Radio Show: Stoolander Edition 05/04/2016
Highlights: 1. Market Wrap 2. Gary breaks down the recent action for you 3. Find out what areas of the market Gary likes and what areas he doesn’t like
OPEC Gives Up On Production Freeze
http://www.bloomberg.com/news/articles/2016-05-04/opec-said-to-head-for-june-talks-without-plan-for-supply-limits-inswnyfd
Kentucky Derby Ticket Prices Jump After Triple Crown Year @FoxBusiness
http://www.foxbusiness.com/features/2016/05/04/kentucky-derby-ticket-prices-jump-after-triple-crown-year.html
Oil Fell After Bigger-Than-Forecast U.S. Crude Build @FoxBusiness
http://www.foxbusiness.com/markets/2016/05/04/oil-turns-lower-after-bigger-than-forecast-u-s-crude-build.html
Big data breaches found at major email services – expert
http://www.reuters.com/article/us-cyber-passwords-idUSKCN0XV1I6
Chegg CEO: Silicon Valley is in an Interesting Transition Period @FoxBusiness
http://www.foxbusiness.com/features/2016/05/04/chegg-ceo-silicon-valley-is-in-interesting-transition-period.html
Wells Fargo’s ‘criticized’ loans rise 62 percent, driven by energy
http://www.reuters.com/article/us-wells-fargo-energy-idUSKCN0XV2CD?il=0
Required Reading
With no rivals left, GOP is Trump’s to mend Commentary: #NeverTrump #MaybeHillary Raging wildfire forces evacuation of 88,000 in Canadian city U.S., Russia agree to extend ceasefire to Aleppo, Syria: State Department Brazil Senate report recommends Rousseff impeachment trial U.S. Navy SEAL killed in Iraq was part of ‘quick reaction force’
The Closing Look
Stocks fell on Wednesday as investors digested a slew of economic and earnings data. Before the open, ADP said private employers added 156k new jobs in April, missing estimates for 193k. That was the weakest print since 142k in Feb 2014. After the open, the PMI services index came in at 52.8, just higher than the…