Sales & Marketing news

• A health crisis has led Fiat Chrysler and Ferrari CEO Sergio Marchionne to step down (FCAU, RACE)

  21-07-2018 20:29 via feedproxy.google.com
  Fiat Chrysler Automobiles and Ferrari CEO Sergio Marchionne is stepping down amid a health crisis.
  Marchionne had experienced complication following surgery.
  Marchionne took over Chrysler and merged it with Fiat during the US financial crisis, when Chrysler went bankrupt and was bailed out by the US government.
  Marchionne had planned to retire as CEO of FCA in 2019, but continue as head of Ferrari until 2021.Fiat Chrysler chief Sergio Marchionne is to be replaced permanently at the helm of the g
  
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• Under Armour's Steph Curry 5s are flying off the shelves — and it's great news for the stock, analyst says (UAA)

  21-07-2018 19:47 via feedproxy.google.com
  Under Armour's much-anticipated Steph Curry 5's are selling out. 
  The brand's HOVR sneakers are also performing well. 
  The trend strengthens Jefferies analyst Randal Konik's bull case for the sports-apparel retailer. 
  Watch Under Armour trade in real time here. 
  One of Under Armour's most-anticipated products is living up to the hype, and that could mean big gains to come for its stock. 
  "Curry 5's are sold out in many sizes/colors, indicating strong sell-through," Jeffe
  
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• Coinbase has lured a $20 billion hedge fund onto its platform, but experts say the firm could run into trouble down the road

  21-07-2018 19:40 via feedproxy.google.com
  Coinbase has a team of former Wall Street executives building out a business to lure big money into the crypto market. 
  The prime broker business launched earlier this year as Coinbase Prime. But the Coinbase team is working on expanding its services. 
  Prime brokers are commonplace on Wall Street, but don't exist in crypto which is keeping out big money, experts say. 
  Coinbase is best known for being one of the largest venues for mom-and-pop investors in the US to buy cryptocurren
  
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• A throwaway comment from Goldman Sachs' CFO shows how automation is changing Wall Street (GS)

  21-07-2018 19:38 via feedproxy.google.com
  Goldman Sachs CFO Marty Chavez on Tuesday provided a window into the dramatic shift taking place across Wall Street as technology touches everything from trading to investment banking.
  The CFO's comment, made during a second quarter earnings call with analysts, suggests that the firm is beginning to move away from a decades-old focus on the compensation ratio.
  The significance of the comment cannot be overstated at a firm where the ratio has been a key metric, both for insiders as well as invest
  
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• Goldman Sachs just named its next CEO — here are the execs who will be in and out, according to a dozen insiders (GS)

  21-07-2018 18:52 via feedproxy.google.com
  When Goldman Sachs CEO Lloyd Blankfein hands off to president David Solomon this fall, it will be the investment bank's first change in leadership since 2006.
  During the intervening years, Blankfein led the firm through the financial crisis and the subsequent fallout surrounded by a coterie of loyalists, some of whom worked shoulder-to-shoulder with the CEO at commodities trader J. Aron & Co.
  Solomon's management team will differ from his predecessor's. An investment banker who climbed the
  
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• 'I always knew this day would come': Read the memo outgoing Goldman Sachs CEO Lloyd Blankfein just sent to staff

  21-07-2018 18:51 via feedproxy.google.com
  David Solomon will succeed Lloyd Blankfein as CEO of Goldman Sachs, the firm said Tuesday.
  Solomon will officially take the reins from Blankfein, the longest-serving Wall Street CEO after JPMorgan's Jamie Dimon, in October. He'll also join the board.
  Blankfein will serve as chairman through the end of year, and Solomon will add the title in January. Blankfein will become senior chairman when he retires, the firm said.
  It's official: David Solomon will succeed Lloyd Blankfein as the CEO of G
  
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• Equity traders are crushing it as big banks celebrate a huge six months (C, JPM, BAC)

  21-07-2018 18:51 via feedproxy.google.com
  Wall Street banks have followed up their stellar 2018 debut in stock trading with another robust performance in equities in the second quarter. 
  JPMorgan Chase, Citigroup, and Bank of America Merrill Lynch all saw strong second-quarter earnings in the past week, with each reporting a second consecutive standout performance from their equities divisions. 
  Derivatives trading, which has particularly benefited from the rebound in volatility, has played a key role in the first half of the
  
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• GOLDMAN SACHS: Here's an earnings-season strategy that has consistently raked in profits for over 2 decades

  21-07-2018 18:50 via feedproxy.google.com
  Options traders are underestimating the volatility that could arise as companies report second-quarter earnings, according to a team of strategists at Goldman Sachs.
  The firm recommends a strategy that has worked consistently every year since 1996: buying out-of-the-money call options five days before earnings announcements and selling one day after.
  On average in July, realized volatility has typically been greater than the moves initially priced in options markets, which gives traders a season
  
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• Citadel Securities, a massive Wall Street trader, has made an unusual bet on humans, and it could help the firm tap into an $800 billion market

  21-07-2018 18:50 via feedproxy.google.com
  Citadel Securities, one of the largest electronic trading firms, has been growing its designated market making business since it bought the unit from KCG in 2016. 
  DM Ms are human traders on the floor of the New York Stock Exchange who are responsible for maintaining fair and orderly markets for particular stocks. 
  Taking on this responsibility doesn't offer big fees for Citadel Securities, but it opens up the door for the firm to tap into the $800 billion market for share buybacks.&nb
  
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• MORGAN STANLEY: An overlooked indicator that tracks the 'smart money' has been plunging for months, and it's a bad sign for the stock market

  21-07-2018 18:43 via feedproxy.google.com
  An indicator of the so-called smart money on Wall Street has been in free fall for most of this year, and Morgan Stanley's equity strategists say it's a bad signal for the market.The Smart Money Index excludes the first half-hour of trading in the Dow Jones industrial average, as this time period is believed to be driven by emotional activity hinged on the news of the day.Last week, Morgan Stanley downgraded the tech sector and urged clients to turn defensive in stocks.If you're looking for reas
  
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• YouTube is growing like a startup — these two charts show the 12-year-old site's stunning surge (GOOGL, FB)

  21-07-2018 17:00 via feedproxy.google.com
   
  By the standards of the tech industry, 12-year-old YouTube is middle aged. But lately, it's been growing like a newborn.
  The value the streaming video site is delivering to marketers in terms of ad impressions and traffic to their sites is surging. That's paying off in a big way for the Google-owned service; ad spending on YouTube is ballooning.YouTube is benefitting from having one of the more popular mobile apps, said Andy Taylor, an associate director of research at Merkle, a dig
  
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• Sling TV's ex-CEO is still a believer in pay TV 'skinny bundles' — but too many services are doing it wrong (DISH, P)

  21-07-2018 15:30 via feedproxy.google.com
  TV industry figures have worried about the rise of so-called skinny bundles — bargain-priced internet-delivered multi-channel pay TV services such as Sling TV.
  Industry experts have fretted that they are unprofitable and unsustainable, because of the high and rising costs of licensing the networks included in their bundles.
  But Roger Lynch, who led the development and launch of Sling TV, said such services can actually be good business — but only if they're designed right.Roger Lynch
  
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• A Tsunami of money could be headed Tesla's way in the next year — and that’s bad news for the bears (TSLA)

  21-07-2018 14:57 via feedproxy.google.com
  Tesla investors have been preoccupied with the Model 3, Elon Musk's behavior, and the promise of profits — but they've been overlooking Tesla's potential surge in revenues.
  Tesla could see massive topline improvements over the next year and a half.
  If Tesla can ride out its current assorted crises, this ocean of forthcoming cash could take the company to a new level and undermine the bear thesis.
  If you've been closely following Tesla and CEO Elon Musk for the past six months, you could be
  
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• What it's like when SoftBank founder Masa Son wants to invest over $100 million into your company

  21-07-2018 14:00 via feedproxy.google.com
  SoftBank's Vision Fund, a $100 billion behemoth that is upending the insular world of technology investing, doesn't operate like other venture funds. 
  Sure, they want your pitch, but what SoftBank founder Masa Son is really looking for is futuristic technology — even if it requires your company to do something it hadn't considered before. 
  For example, Light CEO Dave Grannan met with Son three times in Tokyo and California on its way to landing a $121 million Series D led by Soft
  
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• Hollywood insiders explain how Disney buying Fox will fundamentally shift the balance of power (DIS, FOXA)

  21-07-2018 06:05 via feedproxy.google.com
  Comcast announced Thursday that it would not pursue assets of 21st Century Fox, including the Fox movie studio, clearing the way for Disney to acquire them. 
  It will change the movie business forever.
  Other movie studios are "clear acquisition targets" that could potentially be merged together, like Disney and Fox, says UCLA School of Theater, Film, and Television lecturer and former network television/movie studio head Tom Nunan.
  And for the moviegoer, the Disney/Fox deal's "creative
  
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