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The Capitalist Newsletter – July 31, 2017

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FDA ANNOUNCES REGULATORY PLAN TO TARGET BIG TOBACCO; ARE PROFITS GOING UP IN SMOKE?

Tobacco has an interesting history in the U.S. The country was basically founded on the stuff, giving Americans (and the world) a high opinion of the plant for centuries. But in the modern world, tobacco has lost much of its luster as the harmful side effects of smoking have been revealed. Yet Big Tobacco has survived and thrived in spite of the growing public opinion against smoking. Now, however, the FDA has just thrown a massive punch against the industry by announcing plans to cut nicotine levels to non-addictive levels. Is this a death blow for Big Tobacco?

Read The Capitalist’s Take Here

Read More at Reuters Here

Read More at CNN Here


REINCE PRIEBUS OUSTED AS CHIEF OF STAFF; REPLACED BY GEN. JOHN F. KELLY

Gen. John F. Kelly, a retired Marine general who grew up in Boston, was tapped as the new White House chief of staff on Friday in a stunning announcement by President Trump. Kelly, an Irish Catholic, had a brief stint as secretary of Homeland Security. Before he headed DHS, he had recently ended a long and distinguished career in the military. Last February, he retired after serving four decades in the Marines. His last post was as head of the U.S. Southern Command, which oversees Latin America and the Caribbean.

Read More at FOX News Here

Read More at The Washington Post Here

Read More at The Guardian Here

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AFTER 20+ YEARS, SAMSUNG PASSES INTEL AS WORLD’S LARGEST MICROCHIP MAKER

Samsung registered a record profit of $12.6 billion in its second quarter earnings report, but hidden in those numbers lies another milestone. Of its $54 billion in revenue, $15 billion came solely from Samsung Semiconductors — pushing it above the $14.8 billion that all of Intel brought in. In short: Samsung just ended Intel’s 24-year-reign and became the largest chipmaker in the world. But Samsung didn’t get there by outselling processors — it’s been …

Read More at Engadget Here

Read More at CNBC Here

Read More at Yahoo Finance Here


Closing Bell

– Friday, July 28th

Dow Sees New Record, Nasdaq and S&P Fall as Tech Slips

Big Insider Trades

– iRobot Corp. (IRBT) EVP Glen Weinstein Sells $1.2m

– Dell Technologies, Inc. (DMT) CEO Michael Dell Buys $1m

Winners & Losers

– LeMaitre Vascular, Inc. (LMAT) Shoots UP (19.51%) After Analysts Upgrade Stock Following Q2 Results

– Destination Maternity Corp. (DEST) Plummets DOWN (42.21%) After Merger Deal is Canceled

The TIP Sheets

– Friday July 28th

– Altria Group, Inc. (MO) Slides DOWN (9.49%) After FDA Lays Out Roadmap to Cut Down on Tobacco-Related Deaths. New Guidelines Will Focus on Lowering Nicotine Levels to Non-Addictive Levels, Meaning Longtime Customers Will Start Dwindling as Quitting Smoking Becomes Easier. Expect Shares to Continue DOWN

Unusual Volume

Starbucks Corp. (SBUX) Falls DOWN (9.24%) Shares on 53m Shares Traded After Company Announces Closure of All 379 of its Teavana Stores. Starbucks Bought the Brand for $620m in 2012. Additionally, While the Company saw a Revenue Bump, New Customers are Declining, Meaning SBUX is Losing Market Share. Expect Shares to Continue DOWN

Disclaimer: All quotes are in local exchange time.  Real time last sale data provided by The Dow Jones.  The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by S&P Dow Jones Indices LLC and/or its authorized affiliate, and have been licensed for use to The Capitalist.  All content of The Dow Jones branded indices © 2016 S&P Dow Jones Indices LLC and/or its affiliates.  Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC.  Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC.  The Capitalist is not an affiliate company of S&P Dow Jones Indices LLC, Standard & Poor’s Financial Services LLC, Dow Jones Trademark Holdings LLC, or their respective affiliates.

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