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The Capitalist Newsletter – October 21, 2016

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NINTENDO LAUNCHES NEW CONSOLE; CHANGING THE FUTURE OF GAMING

Nintendo once ruled the gaming world with the NES console. The company’s games, such as Legend of Zelda and Super Mario Brothers, inspired cult followings which still exist today. Yet, Nintendo began to falter as gaming technology advanced. Now, after a year and a half since announcing a new console, Nintendo has unveiled the Nintendo Switch, and is ready to dominate the gaming industry once again….

Read The Capitalist’s Take Here

Read More at Forbes

Read More at Business Insider


SAUDI ARABIA SELLS $17.5 BILLION WORTH OF INTERNATIONAL DEBT IN BONDS

Saudi Arabia’s ambitious plan to chart a course away from oil dependence and towards a more diversified economy is off to a flying start — with a blockbuster $17.5bn debut sovereign bond sale…

Read More From Financial Times Here

Read More From CNBC Here

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Read More From Bloomberg Here


METLIFE FIRES SNOOPY AFTER 30 YEARS

MetLife is firing Snoopy. The “Peanuts” character, one of the most recognizable figures in American pop culture, is being retired after more than 30 years of appearing in print ads, TV commercials, marketing materials and on the sides of MetLife’s blimps at sports events. …

Read More From The New York Times Here

Read More From USA Today Here

Read More From The Wall Street Journal Here


Closing Bell

-Thursday, October 20th

Stocks Close Lower After Oil Slides

Big Insider Trades

– SYNNEX Corp. (SNX)Director Matthew Miau Sells $3.3m

– Tobira Therapeutics, Inc. (TBRA) Stake Owner Pentwater Capital Management Buys $1.27m

Winners & Losers

-DragonWave, Inc. (DRWI) Leaps UP (94.12%) After Company’s Equipment Selected by Sprint for Network Deployment

– Flexsteel Industries, Inc. (FLXS) Shares Drop DOWN (17.92%) After Earnings Dip at Outset of Fiscal Year

Most Talked About

PulteGroup, Inc. (PHM) a Unanimous Strong Buy After Better Than Expected Growth for New Home Orders

The TIP Sheets

-Thursday, October 20th

-Cosan Ltd. (CZZ) Shares Continue to Rise UP (2.17%). Stock Has Strong Buy Recommendation From Analysts; Shares Should Continue UP

Unusual Volume

– American Express Company (AXP) Rises UP (9.03%) on 26m Shares Traded After Earnings Beat. Look For Shares to Continue UP

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