Monday Monopoly
By Tue, Jun 4, 2019
Monopoly Busting? Here we go again! The SP500 caught a bounce Monday morning and briefly went green but was weighed down by the tech sector. Stocks like Google (GOOGL) and Amazon (AMZN) trended the day lower due to regulatory fears from lawmakers.
Amazon and Google, two major household names caught the blunt of the bearish action as reports circulated the online giants could also face antitrust scrutiny under a new agreement between U.S. regulators.
Wall Street is growing worried that the government is going to break these companies up or impose fines on their business operations. What do you guys think, are they too big? Is there such a thing today?
Tweet Tweet: President Trump has been known to speak his mind when it comes to picking fights with companies and this time it’s AT&T in the crosshairs Trump posited that customers could stop using AT&T’s services to spur changes at CNN, of which AT&T (T) is a parent company.
- Bonds: A flight to safety pushed U.S. Treasury yields to their lowest levels since September 2017 on Monday. Yields on the U.S. two-year notes are on pace for their biggest two-day fall since 2008…Another thing to keep an eye on within the bigger picture.
- U.S. Markets: World markets were visibly shaken Monday. The bears are still on parade and gaining steam. The trade war news headlines has the global economies health becoming a hot topic nightly. Stock markets across the globe are pricing in a sharp slowdown in growth.
China, Trump, Trade War Drums Go Thump
The Chinese government published a policy paper on trade over the weekend accusing the U.S. of “intimidation” – China has also started an investigation into the business operations of FedEx (FDX) within its borders, citing customer complaints. It appears this is in retaliation to the US giving Chinese owned Huawei a hard time.
The trade war is taking an increasingly heavy toll on global manufacturing. Purchasing managers surveys released so far from Monday‘s PMI data showed that activity in Japan and in Europe was on the decline again in May.
Markets have not recovered since Thursday, when Trump unexpectedly resorted to using the threat of import tariffs in his long-running efforts to pressure Mexico into stopping illegal immigration into the U.S.Free All-Access Pass: Ideas by TradeSmith
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Claim Your Free 30-Day PassGold continued its ripping rally. The candlestick chart is showing a three inside up pattern and appears to be headed towards weekly resistance in the 1340’s. Speculators are hedging by purchasing both physical and paper gold in an effort to protect against inflation. The asset was also boosted today by the Fed’s Bullard said today “A rate cut could bring the desired boost to inflation.”Healthcare stocks getting their health back?
The healthcare sector (XLV), the biggest drag out of all the sectors, rose 0.99% in Mondays intraday trading. The sector enjoyed a boost due to positive drug data from a handful of companies like Amgen Inc(AMGN) and Merck & Co.
Amgen jumped 5.4% after its drug showed a high response rate in a small lung and colon cancer trial, while Merck rose 2.0% after data showed nearly a quarter of patients who received immunotherapy Keytruda as an initial treatment for advanced lung cancer were still alive after five years…
OIL: Oil is still in Bear Market territory despite OPEC talks about cutting production.Tiffany’s Co (TIF) reports earnings before the bell. The consensus PS Estimate is $1.01. E Over the last 2 years, TIF has beaten EPS estimates 100% of the time and has beaten revenue estimates 75% of the time. Not a bad track record. Investors will be waiting to see how the numbers come in today and if the jewelry retailer is still on top.Jay to the Bill-O Iconic 90’s rapper Jay Z just joined the billionaires club. The 49-year-old Grammy winner has become the very first rap artist to reach the billion in the bank status, according to Forbes. Forbes released a new report on the superstar rapper on Monday, in a tell all about Jay Z’s financial empire. Jay-Z is not just a music mogul and producer…he’s also an investor in various companies, including (Uber) . In order to determine Jay-Z’s fortune, Forbes did the math on his investments in various companies. They took into account the hip hop star lives a pretty lavish lifestyle when calculating the net worth. So it’s safe to say he’s got a little breathing room to stay in the B-club for the foreseeable future…Even if his investment in Uber doesn’t turn out so well 🙂
About the Author
The authors of this Scoop are the editorial team at Stock Card, led by Hoda Mehr. Hoda Mehr is CEO and Co-founder of Stock Card and the host of Renegade Investors podcast. She runs a community of 40,000 stock market investors and manages Stock Card's successful flagship portfolio, Roll with Our CEO, on Stock Card Portfolio Store. Hoda is an Economist with an MBA from Concordia, John Molson School of Business. She applies behavioral economics, data journalism, and storytelling to all aspects of her work. Before starting Stock Card, Hoda worked as a strategy and insights lead at technology companies including Symantec, Aimia and Sony. Create a free account to do your stock market research easily and mistake-free: Stock Card Stock Card
