Sales & Marketing news

• It sounds like the maker of EpiPen is freaking out ahead of a big shareholder meeting

  09-06-2017 23:10 via feedproxy.google.com
  
  The letters started flying at the beginning of this week.
  Mylan, the maker of EpiPen, asked to see a report written by Institutional Shareholder Services (ISS), a company that provides advice to shareholders ahead of company votes and shareholder meetings, before its publication.
  "As we are sure you would agree, the facts presented in our proxy this year are complex. Nobody knows the facts better than the company itself and, therefore, we believe that we can be an important resource in making su
  
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• TECH GETS SLAMMED: Here's what you need to know

  09-06-2017 22:00 via feedproxy.google.com
  
  The Nasdaq took a nosedive in the mid-afternoon after hitting a new record high earlier in the day.
  The tech-heavy index fell by as much as 2.8% just before 3 p.m. ET before retracing some of its losses minutes later.
  Earlier in the day, Goldman Sachs came up with a new acronym for the big-player stocks in the tech space —"FAAMG" — encompassing Facebook, Amazon, Apple, Microsoft, and Alphabet. 
  Shares of all five got slammed on Friday, with each falling&
  
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• Amazon stock flash crashes and then quickly recovers

  09-06-2017 21:26 via feedproxy.google.com
  
  Amazon's stock dropped sharply and suddenly in a mini-flash crash on Friday during a broader downturn in tech stocks.
  The online giant's stock tanked and then quickly came back all within the minute of 2:50 p.m, according to Bloomberg data. Here's a second-by-second rundown:
  2:50:01 p.m.: $960.55 per share
  2:50:02 p.m.: $930.00 per share
  2:50:03 p.m.: $953.07 per share
  2:50:03.5 p.m.: $927.00 per share
  2:50:04 p.m.: $959.27 per share
  Most speculation by commentators is that the flash crash
  
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• Nvidia plunges after a week of big gains (NVDA)

  09-06-2017 21:03 via feedproxy.google.com
  
  Nvidia is quickly erasing its huge gains from earlier in the week.
  At the beginning of trading Friday, there was no reason to believe that Nvidia would do anything other than continue to go through the roof.
  But then, a single analyst came out loudly as a bear when so many people were trying to outdo each other with more and more outlandish bull calls. That call was followed by a crash in the final hours of trading that almost knocked out all its gains from earlier in the week.
  "While we ar
  
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• Nvidia crashes after a week of big gains (NVDA)

  09-06-2017 21:03 via feedproxy.google.com
  
  Nvidia is quickly erasing its huge gains from earlier in the week.
  At the beginning of trading Friday, there was no reason to believe that Nvidia would do anything other than continue to go through the roof.
  But then, a single analyst came out loudly as a bear when so many people were trying to outdo each other with more and more outlandish bull calls. That call was followed by a crash in the final hours of trading that almost knocked out all its gains from earlier in the week.
  "While we ar
  
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• Canada's housing market appears to be 'teetering on the brink of a downturn'

  09-06-2017 20:28 via feedproxy.google.com
  
  Canada's housing market keeps chugging along, and real estate watchers are becoming increasingly worried.
  Home sales in the Vancouver metro area rebounded by 22.8% in May, the third-highest for the month on record. Notably, demand has shifted from single-family homes to condominiums and townhouses.
  Meanwhile, home sales in the Greater Toronto Area fell 20.3% in May, according to the Toronto Real Estate Board. But, at the same time, prices kept climbing in the region: the ave
  
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• Tech stocks are getting slammed (AAPL, FB, GOOGL, MSFT, AMZN, NVDA)

  09-06-2017 20:15 via feedproxy.google.com
  
  The high-flying tech sector is taking it on the chin. The Nasdaq Composite Index was trading down 2% at 6,196.41 around 2:59 P.M. ET after hitting a record high earlier on Friday. 
  The day started out so promising, with Goldman Sachs declaring "FAAMG" as the new acronym for the most powerful stocks in the space. 
  "While FANG has dominated investor focus, the nature of the acronym has expanded more broadly to encompass mega-cap tech," Robert Boroujerdi and his colleagues wrote in a
  
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• BLACKROCK TALENT HEAD: 'We are hiring more liberal arts majors'

  09-06-2017 19:45 via feedproxy.google.com
  
  It was once common for top Wall Street firms to hire exclusively from only the most prestigious business schools, but that's far from the case today.
  And as the digitization of Wall Street continues to transform finance, firms will likely hire more talent with logical and STEM skills.
  But tech skills aren't the only thing Wall Street is looking for.
  BlackRock, the asset management firm with $5.4 trillion assets under management and about 13,000 employees, is also interested in graduates wit
  
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• US oil-rig count jumps for record 21st week in a row

  09-06-2017 19:13 via feedproxy.google.com
  
  The US oil-rig count rose for a 21st straight period this week, the longest streak in at least three decades, underscoring that robust shale production continues to keep global oil supplies higher than demand. 
  The oil-rig count rose by eight to 741, the highest level since April 10, 2015, data from Baker Hughes showed. The number of gas rigs rose by three to 185. With miscellaneous rigs unchanged at one, the total rig count rose by 11 to 927.
  West Texas Intermediate crude, the US benc
  
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• Apple is making moves to take over the digital healthcare industry (AAPL)

  09-06-2017 19:13 via feedproxy.google.com
  
  What would happen to Apple's share price if the company took its hardware and software prowess to the healthcare field?
  Investors may not have to wait long to find out.
  At the company's developer conference on Monday, Apple announced GymKit. In the newest update to the watchOS, Apple is letting athletes and gym-goers sync their Apple Watches with gym equipment to more accurately track your workouts.
  The technology uses the same NFC chip powering Apple Pay to let users tap their watches to compat
  
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• Apple is falling after a report the new iPhone wont be as fast as rivals (AAPL)

  09-06-2017 19:11 via feedproxy.google.com
  
  Apple's shares dropped nearly five percent in midday trading Friday after Bloomberg News reported that the newest iPhone won't be able to match the network speeds of its competition.
  The latest generation wireless network can reach speeds as high as 1-gigabit speeds, about 100x faster than current speeds. According to Bloomberg's  Ian King, Scott Moritz and Mark Gurman, Apple has partnered with Intel for the wireless modems in its new phones, and the chip manufacturer do
  
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• JPMorgan says everyone should read these 11 books this summer

  09-06-2017 19:01 via feedproxy.google.com
  
  JPMorgan has released its 18th annual summer reading list.
  The books includes titles such as "Rethink: The Surprising History of New Ideas" and "Women in Science: 50 Fearless Pioneers Who Changed the World," as well as authors such as Sheryl Sandberg and Michael Bloomberg.
  “This year’s selections are diverse and thought-provoking non-fiction titles, reflecting the passions and causes our global client base care about most,” said Darin Oduyoye, Chief Communications Off
  
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• Warner Bros. was surprised by the success of 'Wonder Woman' — and they'll have to pay for it

  09-06-2017 18:23 via feedproxy.google.com
  
  It turns out Warner Bros. made a major error while making "Wonder Woman," and the studio will likely pay for it.
  Though WB is overjoyed by the box-office success of its latest DC Comics Extended Universe release, according to reports, it didn't sign on the movie's director, Patty Jenkins, for a sequel. Now the studio is under fire from fans who want to see Jenkins return to continue telling the adventures of Diana Prince (played by Gal Gadot), after the movie opened to acclaim and exceeded proje
  
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• Warner Bros. was surprised by the success of 'Wonder Woman' — and it'll have to pay for it

  09-06-2017 18:23 via feedproxy.google.com
  
  It turns out Warner Bros. made a major error while making "Wonder Woman," and the studio is likely to pay for it.
  Though Warner Bros. is overjoyed by the box-office success and acclaim of its latest DC Comics Extended Universe release, according to reports, it didn't sign on the movie's director, Patty Jenkins, for a sequel. Now the studio is under fire from fans who want to see Jenkins return to continue telling the adventures of Diana Prince (played by Gal Gadot).
  It looks as if the studio und
  
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• Tesla's is hurtling toward $400 a share (TSLA)

  09-06-2017 18:10 via feedproxy.google.com
  
  What could be more all-American than the newest — and largest, by market capitalization — American car company busting through a fresh barrier for its surging stock price?
  Tesla has gone from trading at about $250 per share last year to, as of Friday, trading at $375. The 13-year-old company is up 22% over the past 30 days alone. Since its 2010 IPO, it's up almost 1,300%.
  During this period of time, the carmaker has rarely notched a profit and is still selling less than 100,000 vehic
  
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• Tesla shares could hit $400 before July 4 (TSLA)

  09-06-2017 18:10 via feedproxy.google.com
  
  What could be more all-American than the newest — and largest, by market capitalization — American car company busting through a fresh barrier for its surging stock price?
  Tesla has gone from trading at about $250 per share last year to, as of Friday, trading at $375. The 13-year-old company is up 22% over the past 30 days alone. Since its 2010 IPO, it's up almost 1,300%.
  During this period of time, the carmaker has rarely notched a profit and is still selling less than 100,000 vehic
  
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• High-net-worth wealth managers can't survive the digital age on just 'their name and wood paneling'

  09-06-2017 17:59 via feedproxy.google.com
  
  Brands can be powerful.
  Everyone knows that one person who  drinks Starbucks' coffee just so they can be seen holding a white cup with a green mermaid on it.
  On Wall Street, brands can carry similar weight. Many high-net-worth investors give their money to old legacy money managers just because of the brand of prestige and elitism associated with such firms.
  But these firms' reputations will only go so far as the Street continues to digitize, according to Gauthier Vincent, a finte
  
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• China could stop North Korea's nuclear threat in a heartbeat without firing a shot

  09-06-2017 17:36 via feedproxy.google.com
  
  After a provocative North Korean missile launch in 2003, China completely cut off its supply of oil to North Korea for three days, and in no time the Kim regime caved to international demands and sat down for Six Party Talks on nuclear disarmament. 
  Chinese President Xi Jinping's has assured US President Donald Trump that China had limited influence over North Korea, but that's only half true.
  It's true that diplomatic relations between the two are weak. Xi has never visited Kim J
  
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• CITRON RESEARCH: Nvidia has become 'a casino stock' (NVDA)

  09-06-2017 17:05 via feedproxy.google.com
  
  Citron Research fired out a tweet calling GPU manufacturer Nvidia a "casino stock." The firm released a scathing white paper on Friday, saying the stock would collapse to $130 a share before trading at $180.
  The research firm has been right before. It predicted a return to $90 a share when Nvidia was trading at $119. The stock fell to $95.
  Nvidia's shares are moving so fast, they are trending on Google. The GPU manufacturer is up around 5% on Friday and 16.24% this
  
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• FORGET FANG: Goldman adopts a new acronym for the most powerful tech stocks driving the market (FB, AMZN, AAPL, MSFT, GOOGL)

  09-06-2017 16:56 via feedproxy.google.com
  
  Forget the FANGs: Goldman Sachs has adopted a new acronym for the most powerful drivers of the S&P 500 and the Nasdaq.
  "While FANG has dominated investor focus, the nature of the acronym has expanded more broadly to encompass mega-cap tech," Robert Boroujerdi and his colleagues wrote in a note on Friday.
  "Indeed, the bigger story in our view is FAAMG — Facebook, Amazon, Apple, Microsoft and Alphabet — a group of five stocks which have been the key drivers of both the SPX & N
  
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• How finance brands can appeal to consumers’ emotions

  09-06-2017 16:54
  
  Ten years after the financial crisis of 2007-08 began to rock the economy, and following numerous malpractice and misselling scandals over the years, the media conversation is still dominated by negative perceptions of an industry that is struggling to regain customer trust.
  The findings of Edelman’s Trust Barometer make uncomfortable reading for the UK financial sector. The longest running global survey on consumer trust finds that in 2017, just 45% of UK consumers have trust in financia
  
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• The FDA is getting a lot more aggressive about fighting the opioid crisis (ENDP)

  09-06-2017 16:42 via feedproxy.google.com
  
  For the first time, the FDA has asked a drug company to remove its opioid painkiller off the market. 
  The FDA requested on Thursday that Endo International take its extended-release opioid painkiller Opana ER (otherwise known as oxymorphone hydrochloride) off the market, after deciding that the drug's benefits no longer outweighed its risk for abuse.
  The FDA rarely asks drugmakers to remove products from the market, and this is the first time it's asked for an opioid to be removed for
  
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• 'We have no idea what's being proposed': Democratic senator gives impassioned speech on GOP healthcare bill secrecy

  09-06-2017 16:39 via feedproxy.google.com
  
  Even for someone right in the thick of the action, the details of the Senate's rewrite of the GOP healthcare bill seems like a mystery.
  Sen. Claire McCaskill, a Democratic senator on the Senate Finance Committee, railed against what she viewed as a secretive process around the healthcare legislation as Republican leaders move toward a vote before the July 4 recess.
   
  During a hearing with Health and Human Services Secretary Tom Price, McCaskill sparred with GOP Sen. Orrin Hatch, the ch
  
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• Shock General Election result shows the importance of authenticity and youth targeting

  09-06-2017 16:13
  
  Rewind back to April and experts were lining up to dismiss anything other than a large Conservative majority. Yet as the results trickled in this morning, the exit polls, which predicted a surprise hung parliament, were validated, with Labour gaining 31 seats for a total of 261, and the Conservatives losing 12, putting their total at 318.
  The Conservatives are planning to cobble together a government through a partnership with Northern Ireland’s the Democrat Unionist Party that would push
  
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• Shorting Tesla is a complete waste of time

  09-06-2017 15:55 via feedproxy.google.com
  
  Since late last year, short sellers have gotten completely destroyed by Tesla.
  A company that looked wildly overvalued and ripe for a correction at a $30 billion market cap has watched its stock price surge more than 60% over the first half of 2017. 
  The market cap is now more than $50 billion, making Tesla — a largely profitless company that sold less than 80,000 cars in 2016 and undertook an ill-advised, debt-laden acquisition of SolarCity — bigger than General Motors, Fo
  
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• Jack Ma made nearly $3 billion on Alibaba's surge (BABA)

  09-06-2017 15:26 via feedproxy.google.com
  
  Jack Ma, the charismatic founder of Alibaba, has all the more reason to be happy today. He is $2.8 billion richer after Alibaba shares surged 13% on Thursday following news the company expects revenue to surge 50% this year, much higher than expected.
  If revenue follow the Alibaba's predictions, it will be the second year in a row the company has managed a 50% or more increase in revenue.
  The nearly $3 billion Ma gained from Thursday's spike caused his net worth to
  
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• After rejecting a takeover offer, Pandora lands a $480 million investment from Sirius XM

  09-06-2017 15:20 via feedproxy.google.com
  
  Sirius XM will invest $480 million in internet-radio pioneer Pandora, the companies said in a joint statement Friday.
  Pandora will also sell Ticketfly, the ticketing startup it bought for $450 million in 2015, to Eventbrite for $200 million.
  Pandora stock was up around 5% Friday morning.
  Under the terms of the Sirius XM investment, a subsidiary of the satellite-radio powerhouse will buy issued series A convertible preferred stock of Pandora, representing 19 percent of the company's current
  
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• BAML: The crazy week of political news is triggering 'monster' moves in markets

  09-06-2017 15:11 via feedproxy.google.com
  
  Just this week alone, a fired FBI Director testified on whether the US president tried to shut down an investigation, key Middle Eastern countries isolated Qatar, and the UK held an election.
  The specter of political risk prompted investor flows into bonds at the fastest pace in over two years, according to Bank of America Merrill Lynch. 
  The bank's clients this week triggered a $16 billion inflow into bonds, BAML said in a note on Friday. Meanwhile, $0.8 billion flowed into gold,
  
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• Wall Street has crashed into a US auto industry that's being run too well (F, GM)

  09-06-2017 14:45 via feedproxy.google.com
  
  •Wall Street has been rooting for a downturn in the auto market.
  •The market is still at a high sales level as automakers continue to sell profitable trucks and SUVs.
  In 2015 and 2016, the US auto market set consecutive sales records. Well over 17 million vehicles rolled off dealer lots each year.
  With the baseline market in the US at roughly 15 million — the so-called "replacement rate" — sales growth couldn't continue forever.
  But what's been alarming is the degree t
  
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• Canada's jobs report crushes

  09-06-2017 14:30 via feedproxy.google.com
  
  Canada's jobs report crushed it.
  The Canadian economy added 54,500 jobs in May, according to the latest data from Statistics Canada.
  Full-time employment surged by 77,000 last month, while part-time employment dropped by 22,300.
  Employment for those ages 15 to 24 jumped by 28,000, marking the first notable increase in jobs for young people since October 2016. Jobs for men ages 25 to 54 rose by 25,000 in May.
  "Overall, the jobs report was reasonably good," David Madani, the senior Canada economi
  
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• Here comes Canada's jobs report...

  09-06-2017 14:03 via feedproxy.google.com
  
  The latest read on the health of the Canadian labor market will be out at 8:30 a.m. ET.
  Economists forecast that the economy added 15,000 jobs in May, according to the Bloomberg consensus. The unemployment rate is expected to tick up to 6.6%.
  Last month, Canada added 3,200 jobs, below expectations of 10,000. The unemployment rate was 6.5%.
  But crucially, full-time employment fell by 31,200 last month. And employment for men aged 25 to 54 fell by 20,000.
  The Canadian dollar was little c
  
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• Amazon, Vodafone, Disruptive Brands: 5 things that mattered this week and why

  09-06-2017 13:23
  
  Amazon enters the top 5 most valuable brands ranking for the first time
  Amazon’s ‘be everywhere’ approach appears to be paying off as it saw its value soar in Kantar Millward Brown’s annual BrandZ list. Its value was up 41%, making it one of the fast growers and meaning it entered the top five for the first time, joining Google, Apple, Microsoft and Facebook at the top of the rankings. Amazon in particular has benefitted from its ubiquity as it expands beyond ecommerce in
  
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• Americans are suddenly defaulting on their credit cards

  09-06-2017 13:03 via feedproxy.google.com
  
  The American economy has looked pretty robust of late — unemployment just hit a 16-year low and stocks recently reached an all-time high.
  This makes it all the more curious that Americans have suddenly stopped paying off their credit card bills at a rapid rate. 
  In the last two fiscal quarters, banks reported a steep rise in credit card charge-offs — debt that companies can't collect from their customers — according to a report from Moody's. 
  This chart from
  
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• CREDIT SUISSE: 18 stocks that hedge funds think are 'fading stars'

  09-06-2017 12:02 via feedproxy.google.com
  
  Hedge funds like to make money and can be quick to leave companies that aren't performing well.
  Credit Suisse compiled a list of stocks that hedge funds are giving up on, which it calls "fading stars." The following list, released in a note to investors, points out the stocks with the biggest declines in the number of large cap hedge funds holding their shares in Q4 2016.
  Only four of the companies has posted a declining share price so far this year. But if a large number of hedge funds ar
  
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• Hive targets mass audiences instead of the ‘tech-savvy’ in brand overhaul

  09-06-2017 09:52
  
  Hive has launched a new identity, positioning and campaign as it looks to present the brand to a mass audience by focusing on real-life use cases instead of technical qualities.
  The rebrand takes effect simultaneously in markets including the UK, Canada and North America, which is considered a “priority territory”. The new ‘Let’s Get Living’ campaign goes live tomorrow (10 June), and looks to show people how having a smart home enhances daily life.
  Smart home brand
  
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• Trade and brand marketing move closer together

  09-06-2017 02:00
  
  NEW YORK: The growth of ecommerce and an associated focus on the shopper across devices and channels means there is increasing demand to coalesce brand budgets with trade budgets, according to a new study.For its
  
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• Political polling issues are "pilot error"

  09-06-2017 02:00
  
  NEW YORK: Elections provide the forum where research and polling get the most exposure, and while flawed 2016 forecasts in the US and UK delivered powerful blows to the credibility of the practice, the main issue seems to be one of "pilot error". ...
  
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• Mobile video gains ground in India

  09-06-2017 02:00
  
  MUMBAI: The use of mobile video is spreading to all parts of Indian society according to a new report, helped by the advent of 4G services and falling mobile data costs.The study, by digital media company Culture Machine and market researcher...
  
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• Gender bias may cost brands

  09-06-2017 02:00
  
  SYDNEY: Brands may be guilty of underlying gender biases which not only obscure real needs and satisfactions among men and women but also cede competitive advantage to rivals.This idea is explored in an ESOMAR paper,
  
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• F1 rethinks TV strategy

  09-06-2017 02:00
  
  GLOBAL: Formula One, the global motor racing brandbuilt on TV coverage, intends to develop its own, paid OTT offering while making future TV deals shorter."We're just starting to market [F1], we're just starting to engage fans in areas like...
  
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• Brands back tuna protection

  09-06-2017 02:00
  
  NEW YORK: The suppliers of leading brands of canned tuna have committed to making their products fully traceable and to avoiding illegal fishing methods, a development the UN has described as "a big achievement".At the UN's Ocean Conference in New...
  
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• Brand lessons from the general election

  09-06-2017 02:00
  
  LONDON: As the dust settles on the 2017 general election, brands can learn something from the advertising strategies deployed by the UK's political parties, an industry figure has suggested.There have been far fewer attention-grabbing public ads...
  
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