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The Capitalist Newsletter – July 19, 2017

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PAYPAL PARTNERS WITH VISA; WILL OFFER DEBIT CARDS IN EUROPE

In the world of finance, companies tend to work against each other rather than together. But that’s exactly what rivals Visa and PayPal are doing. Given that the two companies have such different models, does it really make sense to start merging practices and creating more competition? What can traders expect from this deal? Is Visa getting the short end of the stick?

Read The Capitalist’s Take Here

Read More at Financial Times Here

Read More at The Street Here


GOP HEALTH CARE OVERHAUL COLLAPSES AS TWO REPUBLICAN SENATORS DEFECT

Two more Republican senators declared on Monday night that they would oppose the Senate Republican bill to repeal the Affordable Care Act, killing, for now, a seven-year-old promise to overturn President Barack Obama’s signature domestic achievement.

The announcement by the senators, Mike Lee of Utah and Jerry Moran of Kansas, left their leaders at least two votes short of the number needed to begin debate on their bill to dismantle the health law. Two other Republican senators, Rand Paul of Kentucky and Susan Collins of Maine, had already said they would not support a procedural step to begin debate.

Read More at NY Times Here

Read More at Wall Street Journal Here


Read More at USA Today Here


CHIPOTLE BACK IN THE NEWS WITH YET ANOTHER FOODBORNE ILLNESS RELATED STORE CLOSURE

Chipotle confirmed on Tuesday that it received multiple reports of customers getting sick after eating at a location in Sterling, Virginia, and that it closed the restaurant on Monday to conduct “a complete sanitization.”

Chipotle stocks took a plunge after the complaints surfaced, with shares dropping more than 5 percent in less than an hour. The chain’s head of food safety, Jim Marsden, said in a statement to NBC News that the symptoms customers reported were consistent with norovirus, a highly contagious virus stemming from contaminated food.

Read More at NBC News Here

Read More at Washington Post Here

Read More at USA Today Here


Closing Bell

– Tuesday, July 18th

Markets See Mixed Change Following Health Care Bill Failure

Big Insider Trades

– Black Knight Financial Services, Inc. (BKFS) CEO Thomas Sanzone Sells $1.25m

– Mastech Digital, Inc. (MHH) Director Ashok Trivedi Buys $3m

Winners & Losers

– Novavax, Inc. (NVAX) Pops UP (27.19%) After Company Announces News Conference to Discuss Positive Progress on New Respiratory Virus Vaccine

– Tile Shop Holdings, Inc. (TTS) Drops DOWN (25.93%) to 8 Month Low After Q2 Miss

Most Talked About

Netflix, Inc. (NFLX) Considered a Strong Buy After Reaching Record High Following Adding Non-US Subscribers.

The TIP Sheets

– Tuesday, July 18th

– Harley-Davidson, Inc. (HOG) Slips DOWN (5.87%) After Cutting Shipments Forecast. Expect Shares to Continue DOWN

Unusual Volume

Netflix, Inc. (NFLX) Soars UP (13.54%) on 41m Shares Traded After Hitting Record Highs Following Wall Street’s Comments that Netflix has an “Unmatched Global Entertainment Platform”. The Company Beat Wall Street Expectations for New Subscribers by 2 Million. Expect Shares to Continue UP

 

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