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Daily Update: Jobs Report Disappoints
The jobs report was close to expectations coming in at 156,000 while economists were expecting 172,000. The unemployment rate went up to 5%. The economy needs to create more jobs if it wants to keep that rate stable.
Daily Update: Hurricane Matthew Takes Aim For Florida
The big news will be tomorrow morning as the monthly non-farm payrolls report for September comes out. The expectations are for 169,000 jobs created.
Daily Update: Darden Raises 2017 Guidance
Darden increased its 2017 EPS guidance from $3.80-$3.90 to $3.87-$3.97. 2017 same store sales growth is expected to be 1%-2%.
Daily Update: Deutsche Bank Is Driving The Market
CEO John Cryan sent out a letter to his staff about the recent worries about the bank.
Daily Update: Deutsche Bank Stock Is Cratering
The big story is hedge funds taking money out of Deutsche Bank because it isn’t stable. The bulls claim that Deutsche Bank being in trouble isn’t new, so it shouldn’t cause the market to fall.
Daily Update: BlackBerry Ends Hardware Production
The big news from this quarter is Blackberry is ending its hardware production. All internal hardware development will be outsourced.
Daily Update: Disney May Buy Twitter
Disney is now rumored to be working on a bid for the beleaguered microblogging website.
Daily Update: Facebook Manipulates Video Data
Twitter may be bought; Finish Line meets earnings expectations; Apple may be testing out an Amzaon Echo-like device and Facebook is reported to have manipulating video viewing times.
Daily Update: Debt To EBITDA Reaches Bubble Levels
Today the market is up moderately after the Fed’s decision to not raise interest rates was released.
Daily Update: No Fed Rate Hike
With the Fed not raising rates in the past few years which had good economic data, it would have been bizarre to raise rates when economic data is now at the worst since the financial crisis.
Daily Update: Wells Fargo CEO Takes Questions From Congress
My expectation for a flat market Monday and Tuesday has played out. Investors don’t want to make any decisions until they see what the Bank of Japan and the Fed do.
Daily Update: Deutsche Bank Crashes Near All-Time Lows
Deutsche Bank is being asked to pay $14 billion to resolve investigations into crisis-era mortgage securities, but says it expects to settle for much less.
Apple Iphone 7 Is Selling Well & Other Stock Updates
Apple has confirmed that initial quantities of iPhone 7 Plus devices have sold out in all colors. Plus more daily economic and stock news updates covering Merk, Pfizer, Pandora, Apple, and Tesla.
Campbell Soup - No Longer A Bubble
The market coming to its senses on Campbell Soup was lucky timing.
Deere Is A Sell
Because of central bank intervention there has been a misallocation of capital. When you have the ECB buying corporate debt, it causes a search for yield which is unprecedented. This is part of my reasoning for why Deere is overvalued.
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