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The Capitalist Newsletter – July 24, 2017

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SEARS PARTNERS WITH AMAZON; AGREES TO SELL KENMORE APPLIANCES ONLINE

Sears is one of the most iconic retailers in U.S. history. The company started the mail order catalog in 1888, and grew its brand of department stores from there as it became one of the driving forces behind malls. But lately, times have been tough for Sears. The once proud retail giant has shuttered Sears and KMart stores left and right as it tries to avoid bankruptcy. Now the company is doing something it’s never done before, turning to online distribution to turn things around. But is it too little too late? Or can the deal Sears struck with Amazon right the ship?

Read The Capitalist’s Take Here

Read More at Washington Post Here

Read More at NY Post Here


ELON MUSK TOUTS APPROVAL OF NEW YORK – WASHINGTON HYPERLOOP

Tech entrepreneur Elon Musk on Thursday said he had received “verbal” approval to start building an ultra-high-speed underground transport system linking New York and Washington that would cut travel time between the cities to about half an hour. He offered no details on what entity had greenlighted the project that could result in the world’s longest tunnel.

Musk, the chief executive of electric car maker Tesla Inc and rocket company SpaceX, is seeking to revolutionize transportation by sending passengers and cargo packed into pods through an intercity system of giant vacuum tubes known as the “hyperloop.”

Read More at NY Daily News Here

Read More at Wired Here

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Read More at BBC Here


SEAN SPICER RESIGNS AS PRESS SECRETARY IN WHITE HOUSE COMMUNICATIONS SHAKE-UP

The White House communications operation underwent a dramatic shake-up Friday. Sean Spicer resigned as press secretary after President Trump appointed Anthony Scaramucci, a wealthy New York financier, as his communications director. Appearing on camera before the White House press corps at a televised press briefing, Scaramucci then announced Sarah Sanders, Spicer’s deputy, as the new press secretary.

Read More at NPR Here

Read More at USA Today Here

Read More at NY Times Here


Closing Bell

– Friday, July 21st

Markets Close Down, But Finish Week UP on Corporate Earnings

Big Insider Trades

– Facebook, Inc. (FB) CPO Christopher Cox Sells $2.6m

– Lands End, Inc (LE) a Sears Property, Sees Sears CEO Eddie Lampert Buy $2m

Winners & Losers

– TearLab Corp. (TEAR) Soars UP (89.77%) After its Testing Platform Receives European Regulatory Clearance

– Pernix Therapeutics Holdings, Inc. (PTX) Drops DOWN (23.61%) After Announcing a Series of Refinancing Transactions Designed to Improve Liquidity and Extend Debt Maturities

The TIP Sheets

– Friday July 21st

– Capital One Financial Corp. (COF) Jumps UP (8.55%) After Beating Earnings Expectations. Company Reports that Default Rates are Declining. Cautiously Expect Shares to Continue UP

Unusual Volume

Plug Power Inc. (PLUG) Surges UP (15.09%) on 32m Shares Traded After Company Announces an Expansion of its Partnership with Walmart Regarding its Fuel Cell Capabilities. With a Recent Deal Done to Power Amazon’s Warehouse Needs, Expect Shares to Continue UP

 

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