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The Capitalist Newsletter – July 27, 2017

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APPLE SUPPLIER FOXCONN TO INVEST $10 BILLION IN WISCONSIN; CREATING UP TO 13K JOBS

On Wednesday, Chinese manufacturing company Foxconn Technology announced it will invest $10 billion into the U.S. by building a display panel factory in Wisconsin, which could create as many as 13,000 jobs. This marks the first step in a series of major U.S. investments by Foxconn, the world’s largest contract manufacturer of electronics. It’s also a huge win for the president, who campaigned on a promise of jobs for the middle class. So what’s next? Will Trump deliver on his jobs promise? Who are the real winners here?

Read The Capitalist’s Take Here

Read More at NY Times Here

Read More at Wall Street Journal Here


AMAZON LOOKS TO FILL 50,000 ROLES IN ONE DAY WITH AMAZON JOB FAIR

Amazon.com Inc. said Wednesday that it will host its first Jobs Day on August 2 from 8 a.m. to noon local time at 10 fulfillment centers nationwide, providing an opportunity for job seekers to learn about working with Amazon. The company has more than 50,000 job openings across its U.S. network of fulfillment centers, according to a statement. More than 10,000 of the openings are part-time at the company’s sortation centers, where workers sort and consolidate packages. Employees who work more than 20 hours per week receive benefits. Among the cities where Jobs Day events will take place are…

Read More at FOX Business Here

Read More at GeekWire Here

Read More at CNN Here

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SENATE REJECTS OBAMACARE REPEAL WITHOUT REPLACE

Republican U.S. Senate leaders, struggling to keep a seven-year-old promise to end Obamacare, turned their focus on Wednesday to passing a slimmed-down “skinny” repeal measure that would throw the issue into negotiations with the House of Representatives.

The last-ditch effort came as senators voted 45-55 against a straight repeal of Obamacare, which provided for a two-year delay in implementation to give Congress time to work out a replacement. Seven Republicans opposed the measure.

Read More at Reuters Here

Read More at NBC News Here

RRead More at NY Times Here


Closing Bell

– Wednesday, July 26th

Markets Close UP After Fed Stays the Course

Big Insider Trades

– Microsoft Corp. (MSFT) EVP Jean-Philippe Courtois Sells $2m

– Cable ONE, Inc. (CABO) Stakeholder Donald Graham Buys $18m

Winners & Losers

– iRobot Corp. (IRBT) Soars UP (21.15%) on Stronger than Expected Quarterly Earnings Report

– LSB Industries, Inc. (LXU) Plunges DOWN (28.03%) After Second Quarter Results and Sale Termination

Most Talked About

Advanced Micro Devices, Inc. (AMD) Considered a Near Unanimous Buy After Strong Guidance, Earnings Beat

The TIP Sheets

– Wednesday July 26th

– The Boeing Company (BA) Rockets UP (9.88%) to Record Close After “Near Perfect” Earnings Report. This is the 5th Consecutive Quarter Boeing has Beaten Wall Street Expectations. Expect Shares to Continue UP

Unusual Volume

AT&T, Inc. (T) Jumps UP (5.00%) on 727m Shares Traded After Company Reports Stellar Q2 Results. AT&T Reported Lowest Customer Turnover in Company History, Credited to Bundled Products. Expect Shares to Continue UP

 

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