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The Capitalist Newsletter – May 8, 2017

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LABOR SHORTAGES SQUEEZE BUILDERS; PROPERTY PRICES RISING QUICKLY


By now, the entire world is familiar with President Trump’s stance on border security and his infamous wall. Yet, as Trump pushes to remove illegal immigrants from the U.S. citing safety and security concerns, there’s some already noticeable results that he hadn’t planned on… As a result of Trump’s stance on illegals, more and more builders are finding themselves with a shortage of reliable labor to put up homes. As a result of the labor shortage, home prices are rising quickly.

Read The Capitalist’s Take Here

Read More at Fox Business Here

Read More at CNBC Here


KUSHNER COMPANIES OFFERS VISA-FOR-INVESTMENT EVEN IN CHINA; REPORTERS BANNED

Organizers barred journalists on Sunday from a publicly advertised event in Shanghai that offered Chinese investors the chance to get U.S. immigrant visas if they put money in a real estate project linked to the family of President Donald Trump’s son-in-law. The two-tower luxury apartment complex in New Jersey, One Journal Square, is being developed by KABR Group and the Kushner Companies, which until recently was headed by senior White House advisor Jared Kushner, the husband of Trump’s daughter Ivanka. The developers are seeking…

Read More at Reuters Here

Read More at NY Times Here

Read More at Salon Here

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UBER FACES CRIMINAL PROBE OVER SOFTWARE USED TO EVADE AUTHORITIES

Federal authorities have launched a criminal inquiry into Uber’s use of its so-called ghost-app program, an official familiar with the matter said.

The official, who is not not authorized to comment publicly, did not elaborate on the scope of the Department of Justice investigation into the company’s program known as Greyball.

The controversial technology allowed Uber engineers to take over a user’s app and send them a map that did not accurately reflect which drivers were in the area.

Read More at USA Today Here

Read More at Financial Times Here

Read More at Reuters Here


Closing Bell

– Friday, May 5th

Markets Finish UP Following Rise in Crude

Big Insider Trades

– The Boeing Company (BA) SVP Timothy Keating Sells $6m

– Wells Fargo & Co. (WFC) Director Ronald Sargent Buys $500k

Winners & Losers

– Universal Display Corp. (OLED) Jumps UP (23.87%) After Reporting Far Better Than Expected First Quarter Earnings

– Brightcove Inc. (BCOV) Tumbles DOWN (30.75%) After Missing the Mark in Adjusted Earnings and Guidance

The TIP Sheets

– Friday, May 5th

– Universal Display Corp. (OLED) Jumps UP (23.87%) After Reporting Far Better Than Expected First Quarter Earnings. The Company More than Quintupled its Net Income from the Same Period One Year Ago and Raised Guidance. Expect Shares to Continue UP

Unusual Volume

Zynga, Inc. (ZNGA) Rises UP (12.68%) on 42m Shares Traded After Stellar Earnings Report. The Video Game Maker Easily Beat its Own Guidance, Saw Record Mobile Results, and Reported Strong Performance in Zynga Poker, which Saw Revenue Grow 63%. Expect Shares to Continue UP

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