Sales & Marketing news

• STURM RUGER: Demand for guns exploded this summer likely because of election rhetoric (RGR)

  05-11-2016 19:21 via feedproxy.google.com
  
  Sturm, Ruger & Co. on Tuesday reported third-quarter earnings and said there was "stronger-than-normal" demand for guns this summer, which was likely boosted by election campaigning.
  The gunmaker said net sales rose 34% year-on-year to $161.4 million, and it earned $1.03 in adjusted earnings per share.
  These results come one week before a presidential election in which gun control is one of the most contentious issues. Hillary Clinton wants to reinstate the assault-weapons ban foll
  
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• The layoffs at Credit Suisse continue

  05-11-2016 18:55 via feedproxy.google.com
  
  The layoffs at Credit Suisse continue.
  Chip Clingham, the head of equity sales trading in New York, is among those to have recently left the bank in another round of layoffs, according to people familiar with the matter.
  Clingham is a veteran of the equities industry and spent over seven years at the bank. Once a captain in the US Army, Clingham worked in equities sales and trading at ABN AMRO and Deutsche Bank before joining the Swiss bank.
  This latest round of layoffs is part of an ongoing dow
  
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• Goldman Sachs just launched a new way for everyday investors to follow the hedge fund crowd

  05-11-2016 18:29 via feedproxy.google.com
  
  Goldman Sachs just launched a new way to follow the hedge fund crowd. 
  Goldman Sachs Asset Management is launching an exchange-traded fund, which pretty much anyone can access, that will invest in hedge funds' most popular stock picks.
  The fund will track Goldman's Hedge Fund VIP Index, which includes the top 10 long stock positions held by hedge funds. Earlier this year, that group included Apple, Yahoo and Microsoft.
  Goldman says that the new fund, GVIP, offers investors a
  
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• iPhone sales haven't bottomed out yet, says the most accurate Apple analyst (AAPL)

  05-11-2016 16:46 via feedproxy.google.com
  
  Apple's iPhone, the company's most important product, has seen three straight quarters of sales declines on an annual basis.
  Most analysts expect the iPhone to grow slightly year-over-year in the quarter ending in December, thanks to strong demand in the United States for the iPhone 7 Plus. But that doesn't mean the iPhone's skid is over. 
  KGI Securities analyst Ming-Chi Kuo is predicting that Apple will continue to see iPhone sales decline over the first half of next year. 
  "We foreca
  
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• Here's what happened the last time a shocking election result caused chaos in markets (SPX, SPY)

  05-11-2016 16:20 via feedproxy.google.com
  
  It has been a while since an election result was so shocking to investors that it triggered a big sell-off in markets.
  The S&P 500 has been "loosely tracking" odds that Hillary Clinton will win next Tuesday's election, according to Capital Economics' Andrew Hunter.
  But stocks fell, and polls tightened in Donald Trump's favor, after news Friday of further FBI scrutiny into Clinton's use of a private email server while she was secretary of state.
  This raises the possibility of a period of dead
  
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• JPMorgan has promoted the next generation of trading talent

  05-11-2016 14:56 via feedproxy.google.com
  
  JPMorgan has made a round of promotions in its equities business, following the appointment of new global coheads of that business.
  The bank announced in September that Mark Leung and Jason Sippel would become global heads of equities, replacing Tim Throsby, who moved to Barclays.
  In a memo sent Wednesday, Leung and Sippel announced a raft of promotions below them. They include:Fater Belbachir will be head of volatility trading globally and relocate to London from New York. He had previously hea
  
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• HUGH HENDRY: 'We fear a storm is coming'

  05-11-2016 13:00 via feedproxy.google.com
  
  The world watched in shock on June 23 when the UK voted to leave the European Union.
  The British pound plummeted, and global markets briefly plunged into turmoil.
  But some observers think the vote for the so-called Brexit was just the beginning of the end.
  "Our main conclusion is that by doing the unthinkable and actually voting to leave, Brexit substantially increases the likelihood that other members of the European Union will also seek to break away," commentary from London-based Eclectica As
  
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• A lot of people are going to get rich(er) at this tiny Wall Street firm (GE)

  05-11-2016 12:57 via feedproxy.google.com
  
  Centerview Partners, the New York-based boutique advisory firm led by Blair Effron, just keeps winning business from marquee names in corporate America.
  The firm has landed roles on some of the biggest deals of the year, and is lead adviser to General Electric on its big deal with Baker Hughes.
  The firm has long had a relationship with GE, with partners Adam Beshara, Anthony Kim and David Cohen all advising the industrial giant on various asset sales in the past. 
  Centerview
  
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