Investor's Edge: 10/18/2016
Investor’s Edge: 10/18/2016
The Morning Look
Market Update: Stock futures are higher ahead of Tuesday’s open as investors wait for a slew of earnings to be announced this week. Gary’s Thoughts: Not just higher…very much higher. As you know, markets have edged down to vital support…and this morning, that support holds as markets up almost 1% BEFORE THE OPEN. NFLX nice gap up…
AmEx Takes Aim at Visa and Mastercard in Battle for Mom-and-Pops
http://www.bloomberg.com/news/articles/2016-10-17/american-express-s-plan-to-dethrone-chase-sapphire-as-credit-card-king
Forget OPEC: We’re Getting Close to Peak Oil Demand
http://www.bloomberg.com/news/articles/2016-10-16/what-opec-s-oil-u-turn-missed-peak-demand-keeps-getting-closer-iud8k6o5
Apple Dramatically Scales Back Its Big Automotive Plans
https://www.bloomberg.com/news/articles/2016-10-17/how-apple-scaled-back-its-titanic-plan-to-take-on-detroit
Caterpillar CEO Doug Oberhelman to Retire in March @FoxBusiness
http://www.foxbusiness.com/markets/2016/10/17/caterpillar-ceo-doug-oberhelman-to-retire-in-march.html
Most Americans Don’t Understand ‘The Cloud,’ But They Should @FoxBusiness
http://www.foxbusiness.com/features/2016/10/17/most-americans-dont-understand-cloud-but-should.html
Wilbur Ross: More Campaign Twists and Turns to Come @FoxBusiness
http://www.foxbusiness.com/politics/2016/10/17/wilbur-ross-more-campaign-twists-and-turns-to-come.html
Hasbro revenue, profit beat as Disney Princess dolls dazzle
http://www.reuters.com/article/us-hasbro-results-idUSKBN12H12X