Bill Ackman and Carl Icahn’s 2016 just keeps getting worse, and it’s looking more and more like the two billionaires’ battle over controversial multi-level marketing (MLM) nutrition company Herbalife Ltd. (NYSE: HLF) may end up a war of attrition. Both investors have taken major body blows this week. Rough Week Hertz Global Holdings, Inc (NYSE:…
Steel stocks very strong…as a Trump presidency will stick middle finger at China and other steel cheaters. Financials strong…Dodd/Frank may be headed the way of the dodo bird. Caterpillar, Fluor and others on potential for construction. Be very careful. Some of these moves to the upside are outlier moves and will eventually normalize. This is…
Stocks rallied on Tuesday as Americans cast their vote. The market opened a little lower after the latest round of earnings blowups were announced. $HTZ, $VRX, $CVS, $W, $DEPO, $TAST, and $DHI were some of the stocks that fell after reporting earnings. Buyers quickly showed up and sent stocks higher after early exit polls suggested…
http://www.bloomberg.com/graphics/2016-election-results/
Since I had 15 minutes of sleep and since market all over the map overnight, will wait to give you bigger report on both markets and the election tonight. I also have to change my winners/losers report completely. On the open: Biotechs/drugs soaring as Trump and a Republican Congress essentially takes all the drug price scrutiny…
http://www.foxbusiness.com/markets/2016/11/09/trump-win-casts-doubt-on-feds-plans-to-hike-interest-rates.html
TripAdvisor (TRIP) plunged over 12% before Wednesday’s open after it reported Q3 revenue of $421 million, below consensus of $436.6 million. SAExploration (SAEX) vaulted over 20% in extended hours trading after it announced a new project award for seismic data acquisition services valued at $35 million for a 3D deep water ocean-bottom marine project in…
http://www.bloomberg.com/news/articles/2016-11-08/stocks-higher-with-mexican-peso-as-vote-count-nears-yen-weakens
Market Update: Stock futures plunged nearly 900 points over night and are now bouncing back after the Trump victory. Gary’s Thoughts: That’s not a bounceback. That’s a monstrous reversal. Economic Calendar: Bank Reserve Settlement MBA Mortgage Applications 7:00 AM ET Wholesale Trade 10:00 AM ET EIA Petroleum Status Report 10:30 AM ET Neel Kashkari Speaks…
