9 October 2019

1) The pizza giant Domino’s had been the darling of Wall Street, with its soaring sales, but its growth has gone stale. The company’s reported revenue and profit missed Wall Street’s forecast with its stock sagging. The same-store sales grew just 2.4% compared with last years 6.3%. Domino’s operates in 85 countries with 10,000 stores outside of the U.S., which generate half of its revenues.

2) Boeing aircraft has got its first 737 MAX order since the crashes forced grounding of all 737 MAX aircraft. Boeing’s net order tally, including cancellations, was a negative 84 for the first nine months of 2019. In addition, Southwest Airlines’ pilots union has filed a law suit against Boeing for damages caused by the prolonged grounding of its 737 MAX, claiming loss of pay to its pilot from canceled flights and seeing $115 million dollars in compensation.

3) Duke University professor Campbell Harvey, the father of the yield curve and pioneer of the economic forecasting model, says to prepare for a recession. He based his prediction on inverted curves, which happen when short term Treasury yields are higher than those with longer duration, which his research indicates the coming of a recession.

4) Stock market closings for – 8 OCT 19:

Dow                     26,164.04    down    313.98
Nasdaq                  7,823.78    down    132.52
S&P 500                 2,893.06    down      45.73

10 Year Yield:    down   at    1.54%

Oil:    down   at    $52.57

30 July 2019

1) The once high flying German Deutsche Bank has run aground rapidly slashing jobs and losing a ton of money. Stock for Germany’s biggest lender is trading at a near all time low. This is a result of poor management and failing to fully clean up its crisis era balance sheet. The banks restructuring efforts have fell short coupled with countless legal black eyes that have all contributed to the bank’s financial woes.

2) The pharmaceutical companies Pfizer and Mylan have announced they are combining to create a global powerhouse in the low price drug market. Pfizer will gain most control of the company with 57% ownership, with Mylan shareholders owning the rest. Both companies lost exclusive manufacture rights from patent expirations, that were big money makers for the companies. Mylan, is the manufacturer of the emergency treatment for allergic reactions, the EpiPen. Mylan has recently been in the news for raising the price of EpiPens by 400%.

3) J.C. Penney, the 117 year old department store chain, is at risk of being de-listed from the New York Stock Exchange. To counter its downward spiral, the company has hired advisers to explore debt restructuring. Penney has $4 billion dollars in debt coming due in the next few years, while its revenues are increasingly being lost to sales on the internet and niche brands. Revenue has fallen over the last three years. The retail giant Sears has suffered similar troubles.

4) Stock market closings for – 29 JUL 19:

Dow                 27,221.35        up   28.90
Nasdaq               8,293.33   down   36.88
S&P 500              3,020.97   down     4.89

10 Year Yield:    down   at    2.06%

Oil:    up   at    $57.13

SIRIUS XM TO BUY PANDORA

By: Economic & Finance Report

Sirius XM will be making a big acquisition in purchasing Pandora for a reported $3.5 billion dollars.

The deal seems to make sense since the growing competition in streaming services, such as Tidal, Apple Music, Spotify, and now YouTube Music, which  are all culminating new listeners and subscribership.

Sirius XM has a subscriber base of approx. 36 million and Pandora has a listener base of approx. 70 million and of those 70 million, 6 million are paid premium subscribers.

The buyout of Pandora will make Sirius XM the largest audio service network globally. -SB

 

 

 

EFR Podcast Ep #21: THE LOGISTICS OF GUNS AMERICA………….

By: Economic & Finance Report

Latest podcast episode #21, hosts Bizman Bassey (Sammy BE), James Lymon, and Jon Don Sterling on the sound boards, speak on the current climate of gun violence in the US, while also delving into gun sales & revenue guns generate.

The trio discusses gun purchases across the USA; while speaking on the roles media, lobbyists, politicians play in the entire narrative.

This a must listen to, if I must say…. -SB

 

PUERTO RICO’S CASINO BUSINESS IS BACK, THOUGH POWER MAY NOT BE !!!!!!!!!!!!!!!

By: Economic & Finance Report

Approx. 13 of the 18 casino’s operating in Puerto Rico are restored; after the devastation that rocked the US island that houses close to 4 million people. Department of Tourism in Puerto Rico, has indicated that cruise and hotel accommodations are nearly restored, insisting that cruises have started departing in and out of ports and harbors.

It’s highly interesting to say the least because more then 85% of the general populace in Puerto Rico is without power and electricity, so the tourism aspect of this revelation is somewhat surprising. Puerto Rico’s tourism accounts for more then $2 billion annually toward the island’s revenue, so at the same token if tourism can get up to speed in production, travelers may revel to tour Puerto Rico, as they have done before Hurricane Maria occured.-SB

10 BEST STOCK EXCHANGES IN AFRICA FOR 2016………………

By: Economic & Finance Report

Every year there is a study of the top best stock exchanges in Africa. Last year’s (2016) study was conducted by Jamelle Cole, CFA, CPA for Relentless Investment Research.

Mr. Cole’s analysis included indicators such as trade data, historical dividends, company evaluation/information, and trading hours by their respective exchanges.  Each category for each trading exchange; the highest number they could possibly accumulate was a 5.

The top 10 stock trading exchanges in Africa that made the list for 2016 (last year) in numerical order, were countries such as:

  1. CSE (Casablanca Stock Exchange) (Morocco)
  2. ZSE (Zimbabwe Stock Exchange) (Zimbabwe)
  3. NSE (Nigerian Stock Exchange) (Nigeria)
  4. LuSE (Lusaka Stock Exchange) (Zambia)
  5. EGX (Egyptian Exchange) (Egypt)
  6. GSE (Ghana Stock Exchange) (Ghana)
  7. JSE (Johannesburg Stock Exchange) (South Africa)
  8. USE (Uganda Securities Exchange) (Uganda)
  9. BSE (Botswana Stock Exchange) (Botswana)
  10. NSE (Namibian Stock Exchange) (Namibia)

There you have it; these are top stock and securities exchanges in Africa, for the year 2016. We shall see what the list has forthcoming in 2017…..-SB

*Study conducted by Mr. Jamelle Cole, CFA, CPA *Source: Relentless Investment Research*

US BANKS AHEAD OF THEIR EUROPEAN COUNTERPARTS BECAUSE OF BREXIT!!!!!!!!!

Brexit

By: Economic & Finance Report

The US banks revenue from 2015, beat the revenue of Euro banks by almost double in profit. European banks earned $26B last year, compared to their American counterparts, whom earned $43B the same year (2015).

In 2016 the revenue between the two powerful continents will expand wider; especially since Great Britain has made the decision to BREXIT the EU. Analysts believe this will leave a monstrous dent in the financial sector and the banking industry in Great Britain. With no power players in sight; many investment bankers are already inquiring high end employment agencies about referrals and transfer opportunities in the US, or other market driven countries.

I guess to them, the money does not seem to be in Europe right now; well at least not in Great Britain, with economic prices fluctuating rapidly and uncertainty brewing, where else can anyone turn??? Cheerio -SB

SPECULATED GOOGLE PAYS APPLE $1 BILLION TO KEEP SEARCH BAR ON IPHONES……..

Google & Apple Partnerships

By: Economic & Finance Report

It has been speculated that Google pays Apple to keep their search engine on their phones. The sum that they actually pay is presumed around $1 billion dollars. Both Apple and Google have declined  to discuss on  the rumor, but other sources in  Silicon Valley have indicated Google pays a hefty fee, and has in the past several years to keep their search engine on the Iphone.

Business insiders believe both companies benefit having each other on their products, as the advertising revenue produces much advantages for both technology titans. Oracle who is in a nasty court battle with Apple, in court documents filed; indicated that both companies entered private partnerships with each other on ad sharing and keeping their brands on each of their products that are serviced. -SB

SAUDI ARABIA SHORTS ITS DEPENDENCE ON CRUDE PRICES…. AS OIL FALTERS……

Saudi Arabia oil

By: Economic & Finance Report

Saudi Arabia has been shortening its dependence on crude prices, even though they have been increasing the production of oil. Saudi Arabia’s budget for next year adheres to 70% of crude revenue.

The Saudi Arabia budget is the first budget in approximately a decade in which oil prices are less then $50/barrel. The truth of the matter is that the Saudi government is ready to face the reality of a declining of oil revenue an d so they have formatted their budget to be indicative of this. -SB

HEWLETT PACKARD WILL BE SPLITTING INTO TWO COMPANIES…..COME NOV. 1, 2015

HP hewlett packard

By: Economic & Finance Report

Hewlett  Packard one of the biggest technology and computer companies will soon have divided into two separate entities. The completion is supposed to take place November 1, 2015. The company will be a computer company and the other entity will be its printer company.

HP Enterprise will be raking in somewhere around $58 billion in revenue because of the split, whill HP Inc, will see around the $57 billion mark in revenue sales.

HP board approved of the demerger in the beginning of October and the markets rallied in favor of the demerger of the two divisions (printer unit and pc unit).  HP stocks have been taking a hit the last few years because of certain improprieties  in its business model, so dividing the company maybe suitable for long run performance. -SB