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The Capitalist Newsletter – January 4, 2017

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REPUBLICANS VOTE – THEN BACKTRACK – ON REPEALING INDEPENDENT ETHICS OFFICE

In a surprise move, House Republicans on Monday voted to strip the Office of Congressional Ethics of its power with no notice. After Democrats, government watchdog groups, and even President-Elect Donald Trump criticized the move, Republicans reversed course. But the move shows a concerning chism between what Mr. Trump promised voters and what House Republicans are actually pursuing. Should Republican voters be worried? What exactly is the OCE and why would House Republicans want it gone?

Read The Capitalist’s Take Here

Read More at ABC News

Read More at CNN


FORD CANCELS MEXICO PLANT AFTER BEING CRITICIZED BY TRUMP; WILL INCREASE PRODUCTION IN MICHIGAN INSTEAD

Ford Motor said on Tuesday that it was canceling plans to build a $1.6 billion plant in Mexico and would instead invest $700 million to increase production in Michigan. Ford had come under heavy criticism from Donald J. Trump during the election campaign for plans to expand production in Mexico

Read More at NY Times Here

Read More at CNN Here

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Read More at NBC News Here


TESLA MOTORS MISSES DELIVERY GUIDANCE; SHARES TUMBLE

Tesla Motors Inc. reported deliveries that fell short of its forecasts, sending shares lower in after-market trading, as production delays continue to plague the carmaker led by Chief Executive Officer Elon Musk. The Palo Alto, California-based maker of electric cars and energy-storage products delivered about 22,200 vehicles in the fourth quarter, according to a statement Tuesday. The total trails the 25,000 units projected for the period and brought the company’s full-year total to 76,230 vehicles, below guidance for at least 80,000 units…

Read More at Bloomberg Here

Read More at CNBC Here

Read More at Business Insider Here


Closing Bell

– Tuesday, January 3rd

Markets Open 2017 with Solid Gains as Crude Slips Lower

Big Insider Trades

– Carnival plc (CUK) CEO Stein Kruse Sells $3m

-Spark Energy, Inc. (SPKE) Director Keith Maxwell Buys $200k

Winners & Losers

– Gramercy Property Trust, Inc. (GPT) Skyrockets UP (206.54%) After Receiving Analyst Upgrade Following Two Dispositions in the UK Totalling $25m

– Inotek Pharmaceuticals Corp. (ITEK) Tanks DOWN (71,31%) After Placebo Beats Drug in Glaucoma Phase 3 Trial

Most Talked About

General Motors (GM) Leans Towards Strong Buy After Trump Tweet Pushes Company to Reiterate American Jobs

The TIP Sheets

– Tuesday, January 3rd

– Fitbit, Inc. (FIT) Rises UP (8.47%) After Announcing Healthcare Deal with United Health . Expect Shares to Continue UP

Unusual Volume

– Xerox Corp. (XRX) Spikes UP (19.83%) on 64m Shares Traded After the Company Completed its Spinoff of Conduent. Analysts Upgraded the Stock “Outperform” from “Neutral”. Look For Shares to Continue UP

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