The Capitalist Newsletter – October 7, 2016

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The Capitalist Newsletter – October 7, 2016

GOOGLE EXPANDS HARDWARE WITH NEW PHONES

Google had a big unveiling this week. The tech giant launched a new line of hardware, including a powerful line of phones, a virtual reality headset, and a much improved Google Chromecast. But the star of the show was their new smartphone, the Google Pixel. Have they leveled the smartphone playing field at all?

Read The Capitalist’s Take Here…

Read More at CNET

Read More at WIRED

THERANOS SHUTTING DOWN LAB BUSINESS; CUTS 40% OF WORKERS

Just two years after the blood-testing company Theranos was valued at $9 billion, the company has announced that it will close its clinical labs and blood-test centers and cut more than 40 percent of its staff.

Read More From NPR

Read More From Forbes Here

Read More From Vanity Fair Here

TWITTER SHARES PLUMMET AFTER BIDDERS DISAPPEAR

Twitter shares plunged 19% Thursday after published reports said would-be suitors including Google would not bid for the struggling social media company….

Read More From USA Today Here

Read More From Business Insider Here

Read More From Recode Here

Closing Bell

-Thursday, October 6th

Stocks Stay Flat as Investors Wait on Payroll Reports

Big Insider Trades

– Papa John’s International, Inc. (PZZA) CEO John Schnatter Sells $6.25m

-Synergy Resources Corp. (SYRG) CEO Lynn Peterson Buys $400k

Winners & Losers

– Alcoa, Inc. (AA) UP (205.58%) After 1-for-3 Reverse Stock Split

– Alnylam Pharmaceuticals, Inc. (ALNY) Plummets DOWN (48.49%) After Drug Trial Patient Deaths

Most Talked About

Genko Shipping (GNK) A Strong Buy After Announcing Multiple Several Key Agreements

The TIP Sheets

-Thursday, October 6th

-Aurinia Pharmaceuticals, Inc. (AUPH) Soars After Overwhelmingly Positive Lupus Drug Trial Results. Shares Should Continue UP

Unusual Volume

– Alnylam Pharmaceuticals, Inc. (ALNY) Plummets DOWN (48.49%) on 17 Million Shares Traded After Drug Trial Patient Deaths. Stocks Will Continue to Plummet DOWN

Disclaimer: All quotes are in local exchange time. Real time last sale data provided by The Dow Jones. The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by S&P Dow Jones Indices LLC and/or its authorized affiliate, and have been licensed for use to The Capitalist. All content of The Dow Jones branded indices © 2016 S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. The Capitalist is not an affiliate company of S&P Dow Jones Indices LLC, Standard & Poor’s Financial Services LLC, Dow Jones Trademark Holdings LLC, or their respective affiliates.

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