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The Capitalist Newsletter – November 7, 2016

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U.S. FINDS ANOTHER DEVICE IN AUDI CARS; ADDS NEW TWIST TO VOLKSWAGEN CHEATING CATASTROPHE


The Volkswagen Auto Group came under fire in 2015 for a massive cheating scandal which affected 2.1 million Audi vehicles. Now, four months after the court has granted final approval for a $14.7 billion settlement, U.S. regulators found software in some Audi cars which detected when a car was under test conditions to lower their carbon dioxide emissions. As the German carmaker looks to cut a deal with the U.S. Department of Justice, how bad is the news for Volkswagen?

Read The Capitalist’s Take Here

Read More at Wall Street Journal

Read More at Forbes


GOOGLE FORMALLY REJECTS EU ANTITRUST CHARGES

Google on Thursday formally rejected European Union antitrust charges of unfairly promoting its shopping service and blocking rivals in online search advertising, paving the way for EU regulators to rule next year on these issues and potentially impose hefty fines..

Read More at CNBC Here

Read More at Reuters Here

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Read More at TechCrunch Here


JOB GROWTH SURGE, RISING WAGES, SIGNALS LIKELY RATE HIKE IN DECEMBER

U.S. employers maintained a strong pace of hiring in October and boosted wages for workers, which could effectively seal the case for a December interest rate increase from the Federal Reserve.

Read More at Reuters Here

Read More at Wall Street Journal Here

Read More at USA Today Here


Closing Bell

-Friday, November 4th

Markets Close Lower as Presidential Race Tightens

Big Insider Trades

– Columbia Sportswear, Co. (COLM) Director Sarah Bany Sells $1.2m

– Fiserv, Inc. (FISV) President Devin McGranahan Buys $1.5m

Winners & Losers

– ConforMIS, Inc. (CFMS) Surges UP (33.87%) as Q3 Results Beat Expectations

– MDC Partners, Inc. (MDCA) Plummets DOWN (59.92%) After Q3 Losses

Most Talked About

Aimmune Therapeutics, Inc. (AIMT) a Unanimous Strong Buy After $145 Million Investment by Nestle Health Science

The TIP Sheets

– Friday, November 4th

– FireEye, Inc. (FEYE) Soars UP (12.08%) After Cost Cutting Leads to Big Earnings Beat. Expect Shares to Continue UP

Unusual Volume

– GoPro, Inc. (GPRO) Falls DOWN (6.53%) on 29.5m Shares Traded After Plummeting Then Recovering on Dismal Q3 Losses Almost Double as Bad as Expected. With Strong New Products and the Holiday Season Here, Look For Shares to Bounce Back UP

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