Sales & Marketing news

• Billionaire hedge fund manager Bill Ackman's first tweet is a photo of him at Chipotle (CMG)

  22-07-2017 19:09 via feedproxy.google.com
  Bill Ackman's first tweet is about Chipotle, a company his hedge fund Pershing Square has taken a big stake in.
  It is his first tweet since he launched the Twitter profile late in June. The photo was taken at a Chipotle restaurant on 56th Street in Manhattan.Eating our own cooking @ChipotleTweets and making my own mix at https://t.co/CiNtycYWhP pic.twitter.com/rYad7uKuI3— Bill Ackman(@BillAckman1) July 19, 2017
  Chipotle's stock dropped on Tuesday after Business Insider's Hayley Peters
  
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• The market is getting 'more discriminating' during earnings season

  22-07-2017 18:31 via feedproxy.google.com
  Wall Street is getting harsher on companies whose earnings come in below analyst expectations.
  This could be rewarding for active fund managers who seek out stocks that may sell off sharply if their results don't match up to their company's guidance or to analysts' expectations.
  "The market has become more discriminating during earnings season, which is a positive for stock pickers," Chris Harvey, a senior analyst at Wells Fargo, said in a note on Sunday. "This suggests that stock pickers may wa
  
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• 'All options are on the table' for Trump to go after Venezuela, but the side effects could be severe

  22-07-2017 18:29 via feedproxy.google.com
  On Monday, President Donald Trump threatened to take "strong and swift economic actions" if Venezuelan President Nicolas Maduro proceeded with his plan to create a super-legislative body to rewrite the country's constitution.
  Trump's remark came a day after Venezuelans overwhelmingly rebuked Maduro in an unofficial referendum.
  Despite those admonishments, Maduro has vowed to proceed, saying on Tuesday, "Here in Venezuela, Venezuelans give the orders, not Trump."
  White House officials reite
  
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• The hedge fund that turned Whole Foods into a takeover target for Amazon is walking away with $300 million

  22-07-2017 18:10 via feedproxy.google.com
  Jana Partners is getting paid handsomely for its effort to push Whole Foods into making some changes, a drive that led to the company's sale to Amazon.
  The activist hedge fund, which bought a more than 8% stake in Whole Foods in early April, liquidated its stake in organic grocer following Amazon's $13.7 billion offer and will walk away with a $300 million profit, according to documents filed with the Securities and Exchange Commission Wednesday.
  Jana, run by billionaire Barry Rosenstein, w
  
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• The best way to trade the market's hottest stocks (FDN, FB, AMZN, NFLX, GOOGL)

  22-07-2017 18:02 via feedproxy.google.com
  At this point, everyone knows FANG stocks are the place to be.
  A market cap-weighted index of Facebook, Amazon, Netflix and Google has surged 31% this year, more than triple the S&P 500, and 11 percentage points more than the already tech-heavy Nasdaq 100. And that dominance looks poised to continue, with tech companies expected to be among the champions of earnings seasons through year-end.
  But with no investment vehicle dedicated solely to FANG, the next step
  
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• 16 US cities where incomes can't keep up with housing costs

  22-07-2017 18:00 via feedproxy.google.com
  One-third of Americans overpay for housing, spending more than the recommended 30% of their income on rent or homeownership expenses.
  While that group likely includes residents of the country's most expensive housing markets — looking at you, San Francisco — it's not just them.
  In fact, according to a new ranking from SmartAsset, the least affordable housing markets in the US aren't necessarily the places with the most expensive homes. Rather, they're the cities where incomes haven't
  
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• Bank of America is getting punished for missing on a key metric (BAC)

  22-07-2017 17:02 via feedproxy.google.com
  Bank of America isn't living up to its self-generated hype, and investors are making the bank pay.
  The company's stock dropped as much as 1.7% on Tuesday, even after it reported quarterly profit and sales figures that beat estimates.
  The problem? Net interest income (NII), which saw a surprise drop after climbing 7% in the first quarter.
  To add insult to injury, JPMorgan and Wells Fargo — two of the bank's biggest rivals — saw their respective measures rise during the period.
  Ba
  
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• LINKEDIN SURVEY: Wall Streeters are worried that robots are going to steal their jobs

  22-07-2017 16:50 via feedproxy.google.com
  The robots are coming for our jobs, and Wall Street is getting a little nervous. 
  A recent survey of 1,000 financial professionals conducted by LinkedIn, the networking site, found that 25% of Wall Streeters are worried their job could be jeopardized by automation. Retail bankers are the most fearful with a third of respondents saying they view automation as a threat, according to a report highlighting the survey's results. 
  It stands to reason that some folks are nervous, as
  
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• The GOP healthcare bill went through another perilous week that has its supporters saying, 'Who knows?'

  22-07-2017 16:33 via feedproxy.google.com
  The Republican leadership's plan to repeal and replace Obamacare — or just repeal it, depending whom you ask — ended the week in a state of flux that has left more questions than answers.
  Consider what has happened just since Monday. Two plans have seemingly fallen apart, then been at least partially revived. The Congressional Budget Office issued scores on two different bills. And President Donald Trump adjusted his desired outcome for the debate three different times.
  One
  
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• SCHWARZMAN: 'Very few Americans' are proud of the US political system (BX)

  22-07-2017 16:20 via feedproxy.google.com
  He didn't use the same explosive words, but Blackstone Group CEO Steve Schwarzman empathizes with JPMorgan CEO Jamie Dimon's frustration with the political gridlock on Capitol Hill. 
  During an interview with CNBC Tuesday Schwarzman slammed the state of US politics, echoing Dimon's profanity-laden outburst from last week, albeit in a more restrained tone. 
  "At this point there are very few Americans that are very proud about the functioning of the US political system," said Sc
  
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• MORGAN STANLEY: These are the best stocks to own in 2018

  22-07-2017 16:18 via feedproxy.google.com
  Every year, Morgan Stanley analysts comb through their wealth of research to find the stocks they're most bullish on for the next year. 
  Last year's list posted a return of 11.38%—roughly 1% behind the S&P 500's total return for the same period.  
  The team just released their eighth annual "vintage value" list for next year based on the following criteria: We focused on stocks rated Overweight by our analysts that also were favored by our US Equity Strategy Team's &
  
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• There's a simple reason why Elon Musk always talks down the price of Tesla stock (TSLA)

  22-07-2017 16:15 via feedproxy.google.com
  Tesla stock had been on a tear through the first half of 2017, at one point threatening $400 per share. The last few weeks have witnessed a pullback from those heights, with the stock now trading at around $330 — still up over 50% since January, a massive rally after shares slid at the end of 2016.
  If you were the CEO of Tesla, you might look at these numbers and decide that you're a genius. But Tesla CEO Elon Musk is in the estimation of many already a genius, and his decision has been to
  
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• Blue Apron's IPO is a big flop — here's how it compares to other popular startups (APRN)

  22-07-2017 15:30 via feedproxy.google.com
  Blue Apron's post-initial public offering performance has been a dud. 
  The company filed to go public on June 1 and pegged its IPO price range at $15-$17 per share about two weeks later.
  But Amazon showed it was serious about the grocery delivery business when it announced its acquisition of Whole Foods mid-June. Blue Apron subsequently cut its IPO price range to $10-$11, and the shares closed at the IPO price on day one. 
  The stock is now down about 36% since the J
  
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