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The Capitalist Newsletter – May 18, 2017

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BETWEEN TRUMP FALLOUT AND WASHINGTON DRAMA, REAL TRADERS FOLLOW THE MONEY

Turn on the news and all you’ll hear is the drama surrounding Washington, Trump, Russia, blah, blah, blah.

Unless something utterly extraordinary happens (and by definition that is low odds at this time) the markets will continue to do what they want to do. In fact, more often than not, you’ll think the market will do one thing because of some Washington drama only to see the markets do exactly the opposite!

That’s the damage that being a news addict can do. So when it comes to trading, we ignore it.

Listen in as Guy Cohen tells you why he only follows where the smartest and bravest money is being deployed. If you do the same you’ll find your trading will reach new heights, and you’ll enjoy it too.

No stress, no drama. Just intelligently following where the seriously smart money is going.

In today’s video Guy shows you how in just a couple of minutes you can find great opportunities even when you’re only looking at a finite list of stocks.

Read The Capitalist’s Take Here


FORMER 9/11 FBI DIRECTOR ROBERT MUELLER APPOINTED SPECIAL COUNSEL TO OVERSEE RUSSIA PROBE

The Justice Department is appointing former FBI Director Robert Mueller as a special counsel to oversee the growing probe into Russian meddling in the 2016 election and possible ties to Trump associates.

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“In my capacity as acting Attorney General, I determined that it is in the public interest for me to exercise my authority and appoint a Special Counsel to assume responsibility for this matter,” Deputy Attorney General Rod Rosenstein said in a statement.

Read More at NPR Here

Read More at USA Today Here

Read More at NY Times Here


AMAZON AT IT AGAIN; ONLINE RETAILER LOOKS TO EXPAND INTO PHARMACY BUSINESS

Amazon has changed the face of how Americans (and the world) shop, interact with the web, and even consume media. Now, the tech and e-commerce titan may be looking to get into the challenging healthcare market with a play for the pharmacy industry. CNBC reported late Tuesday that Jeff Bezos’s multifaceted company has been taking on pharmaceutical talent. That includes both the hiring of a general manager to lead a potential unit and other prospects from the pharmacy sector, according to sources. Fortune has reached out to Amazon and will update this post if we receive a response, although the company has declined to comment to other outlets.

Read More at Fortune Here

Read More at CNBC Here

Read More at Zack’s Here


Closing Bell

– Wednesday, May 17th

Markets HAMMERED DOWN as D.C. Turbulence Causes Dollar to Slip and Investors to Scramble

Big Insider Trades

– Amazon.com, Inc. (AMZN) Senior VP Jeffrey Blackburn Sells $2m

– Cullen/Frost Bankers, Inc. (CFR) Director Graham Weston Buys $1m

Winners & Losers

– Syndax Pharmaceuticals, Inc. (SNDX) Climbs UP (44.62%) as Lung Cancer Drug Trial Enters Second Part of Phase 2 Trial

– Bebe Stores, Inc. (BEBE) Falls DOWN (26.10%) as Company Brings on Liquidation Experts in Preparation for Major Store Closures

Most Talked About

Cemtrex, Inc. (CETX) Considered a Near-Unanimous Strong Buy After Posting Record Month of New Incoming Orders in April

The TIP Sheets

– Wednesday, May 17th

– Red Robin Gourmet Burgers, Inc. (RRGB) Jumps UP (23.10%) on a Down Day Due to Earnings Beat. Analysts Predict a Bull Second Half of the Year for Red Robin. Expect Shares to Continue UP

Unusual Volume

American Eagle Outfitters, Inc. (AEO) Tumbles DOWN (14.74%) on 28m Shares Traded After Company Reports Dismal Q1 Earnings Report. The Company Announced it will Close Stores, but Still Focus on Malls.Expect Shares to Continue DOWN

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