Connect with us

Newsletters

The Capitalist Newsletter – November 16, 2016

Published

on

BUFFETT CHANGES DECADES-OLD STANCE; PICKS UP SHARES OF TOP FOUR MAJOR U.S. AIRLINES


Warren Buffett has a reputation as the world’s most savvy investor. With a net worth north of $70 billion, that reputation is well earned. And for more than twenty years, the world’s most savvy investor has notoriously stayed away from investing in airlines. So it’s a little surprising when Warren Buffett suddenly changes a decades-long stance and purchases shares in all four major U.S. airlines. What changed? Should investors follow his lead?

Read The Capitalist’s Take Here

Read More at CNBC

Read More at USA Today


SNAPCHAT CONFIDENTIALLY FILES FOR IPO

Snapchat appears to be moving forward in its plans to go public early next year with the company filing confidentially for its IPO, according to a report from Reuters. In recent years, companies have begun filing confidentially for their initial public offerings well ahead of revealing their financial guts in the formal IPO process. That gives a time window between the SEC getting the documents and them becoming available for public scrutiny, both from industry watchers and potential investors.

Read More at TechCrunch Here

Read More at Wall Street Journal Here

Read More at Reuters Here


AMAZON CRACKS DOWN ON KNOCKOFFS; SUES MERCHANTS SELLING FAKE ITEMS

The e-commerce giant is cracking down on fakes. For the first time in Amazon’s 20-plus year history, Amazon is suing merchants that are selling counterfeit items on its marketplace. The Seattle-based company filed two lawsuits in the state of Washington Monday.

Read More at Fortune Here

Read More at Wall Street Journal Here

Read More at CNET Here


Closing Bell

– Tuesday, November 15th

Tech Leads the Action as Markets Close Up on the Day

Big Insider Trades

– EverBank Financial Corp. (EVER) EVP John Surface Sells $6m

– PJT Partners, Inc. (PJT) CEO Paul Taubman Buys $1m

Winners & Losers

– Euroseas Ltd. (ESEA) Soars UP (99.12%) After Strong Q3 Results

– Amplify Snack Brands, Inc. (BETR), Maker of SkinnyPop Snacks, DOWN (24.35%) After Posting Dismal Q3 Results

Most Talked About

Ocean Power Technologies, Inc. (OPTT) a Popular Buy After a Wild Day Where Shares Rose 61 percent.

The TIP Sheets

– Tuesday, November 15th

– Many Greek Shipping Companies Shot UP on the Day. Diana Containerships, Inc. (DCIX) Went UP (154.77%) as Euroseas, Ltd. (ESEA) 99.12%, Seanergy Maritime (SHIP) 74.55%, and Several Others Followed Suit. The Service Sector Looks to be Thriving With the Holidays Right Around the Corner. Expect Shares of Greek Shipping Companies to Continue UP

Unusual Volume

– Dick’s Sporting Goods, Inc. (DKS) Plunges DOWN (6.86%) on 10m Shares Traded as a Result of Weak Guidance. However, the Company Should Benefit From Rivals’ Woes. Expect Shares to Bounce Back UP

Click to comment

Leave a Reply

Your email address will not be published.

Continue Reading

Copyright © 2020 The Capitalist. his copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.