Heads-up News 

Tokyo Trading Session Heads Up Tuesday, November 14, 2017

Tokyo opening news digest

Wells Fargo illegally repossessed another 450 service members’ cars

Wells Fargo has uncovered another 450 servicemembers whose vehicles the bank illegally repossessed, bringing the total to more than 860.

 

Do Growthie Premiums Come In?

To stick with Alibaba, Amazon and Facebook put on your best devil-may-care face. I’m thinking of Jackson Pollock relieving himself into a terrace flower pot at a Peggy Guggenheim party. This was 1950, before growth stocks existed.

 

Apple Made Its Investors Rich; Tesla, Nvidia And Facebook Are On The Same Path

Investors are at a disadvantage to Wall Street in the short-term, but have a big advantage over the long-term. The key to making money with stocks is to adopt a longer investment horizon than Wall Street which then enables you to turn Wall Street’s short-term biases to your advantage.

 

Blackstone Group Becomes Oversold

But making Blackstone Group LP an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of BX entered into oversold territory, changing hands as low as $30.93 per share.

 

The Key Factors Driving Growth In Intuitive Surgical’s Services Revenues

Intuitive Surgical’s Services business accounts for around 17% of the company’s value, according to our estimates. The segment primarily includes full-time support to Intuitive Surgical customers, from installing its surgical systems to

 

AUD/USD: Key Trigger Levels For S-Term & M-Term Bearish Setups – NAB

NAB FX Technical Strategy Research discusses AUD/USD technical setup, outlining the key trigger levels for holding a bearish bias on the pair. “Short Term Strategy (0-4 Weeks): While daily closes remain below 0.7629/43 AUDUSD should continue to drift lower towards the bottom of its two-year triangle. Multi-week target

 

Kulicke & Soffa Industries (KLIC) Has Surged To A New High On Strong Q4 Results

Kulicke & Soffa Industries (KLIC) reported fourth quarter EPS of $0.51 Tuesday morning, up from $0.15 a year ago. The consensus estimate was for EPS of $0.35. Kulicke & Soffa gapped open sharply higher this morning and has continued to rise in early trade.

 

Uncertainty About Tax Reform May Weigh On Wall Street

The major U.S. index futures are pointing to a lower opening on Tuesday following the modestly higher close seen in the previous session. Lingering uncertainty about the outlook for the Republican tax reform proposal may weigh on the markets as the House prepares to vote on their bill later this week.

 

Calithera Biosciences Inc. (CALA) Sank To A 6-Month Low

Calithera Biosciences Inc. (CALA) declined for the majority of Monday’s session and ended the day with a loss of 4.73 at $11.73 with volume at a 4 1/2 month high.

 

58.com Inc. (WUBA) Broke Out To A New High On Q3 Results

58.com Inc. (WUBA) reported third quarter non-GAAP earnings per ADS of $0.49 Monday morning, which topped the consensus estimate of $0.28. 58.com climbed for the bulk of the morning Monday, before settling into a range.

 

Nektar Therapeutics (NKTR) Climbed To A New High On Study Results

Nektar Therapeutics (NKTR) and Bristol-Myers Squibb (BMY) announced positive results from their Phase 1/2 study of the combination of Opdivo with Nektar’s NKTR-214 on Saturday.

 




Mattel Inc. (MAT) Leaped On Reports Of Takeover Offer From Hasbro

The Wall Street Journal reported Monday that Hasbro Inc. (HAS) has made an offer to acquire rival toy company Mattel Inc. (MAT). Mattel gapped open sharply higher Monday, but was range-bound throughout the session.

 

US exchanges are asking regulators to delay massive new system meant to make markets safer

The so-called Consolidated Audit Trail would serve as a central database for the most sensitive information in the markets.

 

The Republican tax bill could force billions of dollars in cuts to programs like Medicare

According to the Statutory Pay-As-You-Go Act, or Paygo, any new debt crated must be offset by cuts unless the requirement is waived.

 

Watch Amazon CEO Jeff Bezos and his younger brother give a rare interview about growing up together

Jeff Bezos chats with his younger brother, Mark, at the Summit conference in LA about finding work-life balance, overcoming failure, and not checking his…

 

Trump is reportedly considering Allianz’ Mohamed El-Erian for a post at the Fed

Dow Jones Newswires and CNBC cited anonymous sources familiar with the matter saying El-Erian could be appointed as a Fed governor.

 

These 5 stocks are featured in a new blockchain index — and they’re all on a tear

Reality Shares and Nasdaq announced the launch of an index to track companies in the booming blockchain industry.

 

A $20 billion investment firm is betting big on Wall Street’s hottest tech stocks (NFLX)

Tiger Global Management has increased its holdings of tech giants including Netflix, Amazon, Alphabet and more. 
The positions are from a public docume…

 

Warren Buffett’s Berkshire Hathaway loads up on Apple

The conglomerate owned about 2.6% of Apple as of September 30.

 

Paulson & Co. takes stake in Rockwell Collins, drops AIG

Hedge fund manager John Paulson took a fresh stake in avionics and information technology firm Rockwell Collins COL, -0.37% in the third quarter, whil

 

Bill Ackman’s Pershing Square builds up major stake in ADP

Bill Ackman’s Pershing Square Capital Management built up its position in Automatic Data Processing Inc. ADP, +0.49% to 8.8 million shares at the end

 

Carl Icahn’s portfolio little changed under conflict-of-interest questions

Billionaire investor Carl Icahn did very little trading in the past quarter as he fell under conflict-of-interest scrutiny for his time as an adviser

 

Soros sells Twitter, Facebook, Apple and Snap

 




Lam Research to buy back up to $2 billion in stock, hikes dividend

Lam Research Corp. LRCX, -0.28% on Tuesday said it will buy back up to $2 billion in shares over the next 12 to 18 months. Its board also approved rai

 

Einhorn’s Greenlight Capital cuts stakes in GM, Apple

David Einhorn’s Greenlight Capital reduced its stakes in iPhone maker Apple Inc. AAPL, -1.51% and automaker General Motors Co. GM, -1.31% in the third

 

Apple faces U.S. ITC inquiry in patent dispute

The U.S. International Trade Commission has launched an investigation into Apple Inc. AAPL, -1.51% for patent infringement, the USITC said late Tuesda

 

Valvoline hikes dividend by more than 50% to 7.45 cents a share

Valvoline Inc. VVV, +0.78% raised its quarterly dividend by more than 50% to 7.45 cents from 4.9 cents a share, the motor oil company said late Tuesda

 

David Tepper’s Appaloosa doubles Apple stake, sells off Wells Fargo during the third quarter

Billionaire investor David Tepper’s hedge fund Appaloosa L.P. more than doubled its stake in Apple Inc. AAPL, -1.51% during the third quarter, and als

 

Warren Buffett buys Apple and sells IBM, opens new stake in Bank of America

Berkshire Hathaway Inc. BRK.A, -0.56% sold shares in International Business Machines Corp. IBM, +0.33% in the latest quarter and bought more stock in

 

API data reportedly show an unexpected jump in U.S. crude supplies

The American Petroleum Institute reported Tuesday that U.S. crude supplies climbed by 6.5 million barrels for the week ended Nov. 10, according to sou

 

Achillion shares drop as J&J to sell large stake

Achillion Pharmaceuticals Inc. ACHN, -4.16% shares fell in the extended session Tuesday after the drug developer reported promising early data on one

 

FX Closing Bell 11.14.17: EUR Sees Best Day In Four Months As DXY Falters

 

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Have a nice trading!




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