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Sep 30

In The News:

Round Two…

For the second time in six weeks, grocery store chain SuperValu (SVU) has experienced a security breach. The Minneapolis-based wholesaler announced Monday that the company has discovered a second security beach due to an intruder-installed malware into the company’s credit card processing network. This is the second such incident in six week, with the first incident reported in mid-August. [Continue reading...]

Sep 29

In The News:

Upward Bound…

On Friday, the Commerce Department released its third and final reading of Q2 GDP – the economy’s total output of goods and services. The release revised the rate of growth to 4.6%, the fastest pace of growth in more than two years.  Friday’s final upward revisions reflected newfound strength in both business investment and exports, while consumer spending stayed in line with previous estimates. The solid growth felt in Q2 is expected to provide momentum for continued strong growth thought the rest of the year.

Gross Out…

A familiar name too many in the investing world, Bill Gross, abruptly resigned from Pimco (the Pacific Investment Management Corporation) on Friday. Gross, who had helped co-found the firm in 1971, will join Denver-based Janus Capital starting October 6 where he will manage their Global Unconstrained Bond Fund. Gross’s departure comes as the Securities & Exchange Commission is in the midst of investigating claims Pimco artificially inflated performance returns of the firm’s Total Return Exchange Traded Fund, which Gross managed.  But wait, there’s more: following the big announcement early Friday morning of Bill Gross’ departure, another revelation emerged that Gross was hours from being fired by Pimco for months of erratic behavior.  Shares of Janus ended the day up 36% while shares of Pimco’s parent Allianz slumped 6%.

In The Markets:

Asia:

Asian markets started the week off mixed. Hong Kong stocks tumbled on escalating protests while fresh signs of slowing growth in China weighed on investors’ minds.

Europe:

European shares closed slightly higher on Friday despite having no news or economic data to move the markets.

US:

U.S markets rallied on Friday after Q2 GDP showed increase signs of economic recovery and consumer sentiment rose for September. DJIA: +167.35 17113.15 S&P: +16.86 1982.85 NASDAQ: +45.45 4512.19

In Word Of The Day:

Gross Domestic Product (GDP):

The monetary value of all the finished goods and services produced by a country within its borders in a specific time period, usually annually. Or put another way it’s like a countries price tag. The number includes both private and public consumptions, government productions, investments and exports minus imports. It is commonly used as an indicator of countries economic health aka is the economy growing (good) or is it declining (bad).

In Dinner or Drink:

A High Flyer

1 shot of white tequila
1 shot of Southern Comfort® peach liqueur
1 shot of Wild Turkey® bourbon whiskey
1 1/2 cup of Amp® energy drink

Mix it all and drink well.

Sep 25

In The News:

We’re Movin On Up…

Cadillac brand will move its headquarters to New York so it can get closer to those living lives of luxury. The luxury auto brand is also becoming a separate brand unit, giving it more freedom to chase global growth. The move and spin off of the company are one of the first big moves made by new Cadillac president Johann de Nysschen, formerly of Infinity. Nysschen, hired in August, has been charged with turning the company around as sales for the luxury brand have slumped nearly 5% this year despite rolling out several new models.

Ugh…

Apple first update involving their newly released iPhone software didn’t go so well.  On Wednesday Apple pulled the plug on the new operating system after customers complained about issues ranged from not being able to access the phone after the security feature fingerprint reader failed to work to not being able to connect to cellular networks. At this time Apple doesn’t have information available on a possible fix nor when the company will have a fix.  Some users have posted on Apple’s online support that phones will work again after completely resetting the phone using Apple’s iTunes software.

In The Markets:

Asia:

Asian equities closed mostly higher on Thursday following yesterday’s global markets rally.

Europe:

European markets closed up on Wednesday after weak economic data from Germany fueled stimulus hopes.

U.S:

U.S markets rallied on Wednesday breaking their recent losing streak. Stronger than expected new home sales data and comments from two Fed governors gave investors hope raising interest rates are way down the road.  DJIA: + 154.19 17210.06 S&P 500: +15.53 NASDAQ: +46.53 4555.22

In Word Of The Day:

Limit On Open Order (LOO):

A type of trading limit order which buys or sells shares at the market open if the market price meets the limits conditions. The order is good only for the market opening and does not last the trading day.

In Dinner or Drink:

Apple Crumble

2 oz Sailor Jerry® spiced navy rum
1/2 oz lemon juice
3 oz apple juice
pinch of cinnamon

Shake the Sailor Jerry, lemon juice and apple juice with ice, strain into a glass with ice and add cinnamon. Stir and serve

Sep 23

In The News:

Breaking Up Is Hard To Do…

Philips (PHI) announced Tuesday it will split into two new companies and prepare its lighting business for a stand-alone future. The split marks a new phase in the overhaul of the Dutch conglomerate. Philips health-care and consumer-lifestyle operations would be merged into a new unit, called HealthTech. The lighting business will move into a separate legal structure, which could result in a spinoff.  Phillips new measures are the latest and most significant step in the company’s efforts to streamline its operations and focus on a handful of higher profit activities. The split potentially marks the end of the Dutch group’s days as a conglomerate selling everything from shavers and light bulbs to hospital scanners.

Winning…

Siemens, the German engineering conglomerate, announced a deal to purchase the oil products and services company Dresser-Rand Group (DRC). The deal, worth around $7.6 billion, will give Siemens prominence in the American energy sector, which is booming with new reserves of oil and natural gas. Winning Dresser-Rand was a must win for Siemens since this summer the company lost out to G.E. (GE) in a bidding war for Alstom’s energy assets. By acquiring Dresser-Rand, Siemens will expand its exposure to the lucrative industry of hydraulic fracking.

In The Markets:

Asia:

Asian stocks ended mixed on Tuesday following the release of disappointing Chinese factor data.

Europe:

European shares closed down on Monday. Investor’s positive sentiment was curbed by lower commodity prices and an unexpected profit warning from U.K. supermarket chain, Tesco.

U.S:

U.S stocks fell on Monday after China signaled it would not boost stimulus and home sales unexpectedly declined in August.  DJIA: -107.06 17172.68 NASDAQ: -52.10 4527.69 S&P: -16.11 1994.29

In Word Of The Day:

Penny Stock:

A stock which trades at relatively low prices, such as a couple pennies, and has a relatively low market capitalization.  Penny stocks usually trade outside of the major market exchanges. This type of stock is  generally considered to be highly speculative and high risk because of their lack of liquidity, large bid-ask spreads, small capitalization and limited following and disclosure.  Often penny stocks trade over the counter through the OTCBB and pink sheets.

In Dinner or Drink:

Electric Emerald

1 oz vodka
1 oz Blue Curacao liqueur
1 1/2 oz pomegranate juice
1/2 oz orange juice
1 maraschino cherry

 

Shake Vodka, Blue Curacao, Pomegranate Juice and Orange Juice vigorously in a shaker with ice. Strain into a Martini Glass. If possible pour the foam of your cocktail that was created in the shaker earlier, on top. Garnish with a Maraschino Cherry and serve.

 

Sep 22

In The News:

Another Day, Another Recall

On Saturday, General Motors (GM) announced that it will be adding 205,309 more cars to the car makers recall tally. This time GM is recalling Cadillac XTS and Chevrolet Impalas because of a problem with the electronic parking brake arm in some vehicles. The affected cars are model years 2013-2014 Cadillac XTS and 2014-2015 Chevrolet Impala sedans. [Continue reading...]

Sep 19

In The News:

Just say No…

British markets rallied Friday morning as Scotland’s decision to stay in the United Kingdom eased investors past the latest in a recent run of global political obstacles. With almost all of the votes in, the keep Scotland in the UK camp was ahead 55% to 45%. European markets weren’t the only one rallying on the news, the Sterling jumped to a two-week high against the dollar and a two year high against the Euro.

Stepping Down….

Oracle (ORCL) announced Thursday Larry Ellison, co-founder of the software giant, is stepping down from the chief executive role.  Ellison will become the company’s chief technology officer and the executive chairman of the board of directors. Ellison, 70, will continue to manage the software and hardware engineering function at the technology giant. The CEO job will now be shared by Oracle executives Mark Hurd and Safra Catz. Hurd will oversee, sales, service and lines of business tied to specific industries. Catz will handle all manufacturing, finance, and legal responsibilities.

Go Ali… It’s Your Birthday…

The day has finally arrived Alibaba, the Chinese Amazon, will begin trading on the New York Stock Exchange today. Late Thursday, the China-based e-commerce giant priced its shares at $68 apiece, making the deal one of the world’s biggest ever initial public offerings. IPO.  The pricing values the company at $167.6 billion, making it more valuable than Amazon.com (AMZN), which has a market value of $150 billion, and Citigroup (C), with a market cap of about $163 billion.

In The Markets:

Asia:

Asian shares closed out the week in a sea of green. Investors felt like buying following a boost of liquidity in China and Scottish voters decided against leaving the United Kingdom.

Europe:

European shares closed higher Thursday after an announcement on how the ECB will make key decision in the future.

U.S:

US markets rallied on Thursday with the Dow Jones closing up triple digits.  Investors passed over mixed economic reports on jobs and housing instead relishing in the Federal Reserves renewed vow to keep interest rates low. DJIA: +109.14 17265.99 S&P 500: +9.79 2011.36 NASDAQ: +31.24 4593.43

In Word Of The Day:

Initial Public Offering (IPO):

The first offering of stock by a private company to the public. IPOs are often issued by smaller, younger companies seeking the capital to expand, however, the process can also be done by large privately owned companies looking to become publicly traded.

In Dinner or Drink:

Whiskey Smash

2 pieces lemons
2 – 3 mint leaves
3/4 oz. simple syrup
1 1/2 oz. whiskey
1 oz. water

Muddle the lemon, mint, water and simply syrup in the bottom of a mixing glass. Add bourbon, shake, and strain into an old-fashioned glass filled with crushed ice. Garnish with a sprig of mint, and serve.

Like our drink today, click here for more.

Have a safe and wonderful weekend, Yall!

Sep 18

In The News:

Inside the Fed’s Head…

After winding up a two-day meeting, the Federal Open Market Committee (FOMC) announced that it plans to keep short-term interest rates low for a considerable time after it ends its bond purchase program. The Central bank also signaled it would increasingly focus on normalizing its monetary policy as the recovery continues to strengthen. [Continue reading...]

Sep 17

In The News:

A Brown Christmas…

Seasonal job-hunters: your holiday season may end up being holly jolly, thanks to Big Brown, a.k.a. UPS (UPS). The global shipping giant announced that they plan to almost double the number of seasonal hires this holiday season. The hiring surge could be seen as an indication that UPS is expecting a healthy shopping season or a sign that they finally got their peanuts together following last year’s debacle when thousands of packages did not arrive in time for Christmas. [Continue reading...]

Sep 16

In The News:

Westward Expansion…
The video-streaming giant Netflix (NFLX) officially launched its service in France as part of the company’s push to tap into six new European markets. The company founder and CEO Reed Hasting formally introduced the Gallic Wing of the company on Monday with a red carpet event in Paris. Netflix has already started the process of wowing French household, producing a French-language drama called “Marseille” which will air in 2015. [Continue reading...]

Sep 15

In The News:

Fancy…

TAG Heuer, the Swiss watchmaker, announced plans to launch their own version of the smartwatch. The watchmaker along with its industry friends are facing increasing completion from smartwatch’s will allow wearer to do more than just tell time.  TAG’s new smartwatch will not be their first. Last year the company made a one off smartwatch for members of the Oracle sailing team. No details were given during the announcement about what the watch will look like or when it will be available. Industry watchers are hopeful the Swiss watch industry will present their smartwatches at next year’s spring Basel watch fair.

We Want It Now…

If you were one of the lucky ones who actually got to pre-order your new Apple phone on Friday, you will have to wait patiently for it to actually arrive. According to the company’s website the iPhone 6 plus, which has a larger display, will take up to three to four weeks to arrive. Certain iPhone 6 models will take seven to ten business days to arrive however, some version are still available and will make the promised September 19 delivery when all devices are set to go on sale at Apple stores. Apple shares closed up on Friday after the company reported record sales of pre-orders.

Head In The Clouds…

Hewlett-Packard (HP) announced that it will buy business cloud-computing specialty firm Eucalyptus. The acquisition will help HP to ramp up its ability to help firms build computing homes in the Internet cloud. Marten Mickos, Eucalyptus chief executive, will manage the HP Cloud business and report directly to the head of HP, Meg Whitman. This isn’t the first move toward the cloud for HP. In May, the company introduced “Helion,” a portfolio of products and services that organizations can use to move computing projects to online servers in sections of the Internet cloud either open to the public or cordoned off for private use.​

In The Markets:

Asia:

Asian markets started the week off mostly lower after economic data released over the week raised concerns about China’s weakening economy. Japan’s markets were closed Monday for holiday.

Europe:

European shares ended their week lower on Friday as investors watched geopolitical developments in Russia and Scotland.

US:

U.S markets closed down on Friday as investors nervously wait for this week’s Fed meeting and the surprises it may bring. DJIA:-61.49 16987.51 S&P: -11.91 1985.54 NASDAQ: -24.21 4567.60

In Word Of The Day:

Market Order:

A trade order an investors makes to buy or sell a security immediately at the best available price. Market order is the default option and is likely to be executed because it does not contain any restrictions on price or time frame.

In Dinner or Drink:

Closing Time Kool-Aid

4 oz. vodka
4 oz. Blue Curacao liqueur
4 oz. DeKuyper® Cheri-Beri Pucker schnapps
4 oz. triple sec
4 oz. 99 Apples® apple schnapps
8 oz. Kool-Aid®

 

Mix in pitcher with ice. Pour into glasses.

Sep 11

In The News:

Goin’ Hostile…

“If at first you don’t succeed, try, try, try again.” That’s Dollar General’s (DG) new motto when it comes to its quest for Family Dollar (FDO). Dollar General has decided to go hostile with its $9.1 billion bid for Family Dollar after being rejected by the company board.  Dollar General has commenced offering investors individually $80 per share in cash. [Continue reading...]

Sep 10

In The News:

Drum Roll Please…

On Tuesday, Apple (AAPL) unveiled its long-awaited product additions. The company introduced the world to two new iPhones, the long-awaited Apple Watch and a mobile payment system. The big media announcement event was held in Apple’s home town of Cupertino, California. Here’s the scoop on the new products:

  •  The new iPhone 6 & iPhone 6 Plus will feature bigger screens, stunning displays, enhanced camera, and longer battery life. New phones will be available September 19. Prices range from $199- $499 with a two-year contract with your favorite wireless carrier.
  • Apple Pay will allow consumers to pay for goods without sharing credit card info, address or other personal information with the merchant. [Continue reading...]
Sep 9

In The News:

We Bring Good Things To Life…

On Monday, Sweden’s Electrolux announced that it will bolster its presence in the North American market by buying General Electric’s appliances business. The acquisition will be the largest ever for the Stockholm-based Electrolux. GE’s appliance products division, headquartered in Louisville, Kentucky, includes refrigerators, freezers, cooking products, washers and dryers, and air conditioners. [Continue reading...]

Sep 8

In The News:

 

Jobs, Jobs, Jobs…

On Friday, the Department of Labor released its monthly jobs number. The report showed that employers added 142,000 in August, surprising experts who were expecting another month of steady job creation. Job growth also slowed in June and July as the Labor Department revised its initial estimates down by a net total of 28,000. [Continue reading...]

Sep 4

In The News:

Hack, Part II…

According to super security blogger Brian Krebs, known for breaking news of the biggest data breaches, Home Depot (HD) has become the latest target to be hacked by data thieves. The suspected hackers could be the same as those suspected of stealing card information from Target (TGT) and P.F. Chang’s, as well as other retailers. [Continue reading...]

Sep 2

In The News:

Refresh…

Hershey’s (HSY) is rolling out a new look with its logo. The new corporate logo features a freshly styled version of the company’s iconic Hershey Kiss. Announced Friday, the new logo also drops the apostrophe “s,” which had been included in the former logo. The candy maker’s new refresh also includes a new set of more colorful designs which will extend across all aspects of the company. The company’s goal for the new refresh… to help people clearly identify The Hershey Company and its products.​

Better Offer…

On Tuesday, Dollar General announced it will boost its bid for rival Family Dollar to approximately $9.1 billion and is now willing to double the number of stores the company would shed to avoid trouble with regulators. The newest bid from Dollar General is worth $80 per share, up from $78.50. Dollar General’s previous bid was rejected by Family Dollar in favor of an offer of about $8.5 billion from rival Dollar Tree Inc. Dollar General will now divest 1,500 stores to steer clear of any antitrust issues, compared to the previous 700 stores the company had originally offered to close. To sweeten the deal even more the company has also agreed to pay a $500 million reverse break-up fee to Family Dollar if the deal runs into antitrust roadblocks.

In The Markets:

Asia:

Asian equity markets closed mostly higher on Tuesday with Shanghai and Japanese shares leading the gains.

Europe:

European shares closed flat on Monday as investors had to weigh worse-than-expected manufacturing data from the Eurozone against tension in the Ukraine.

US:

U.S. markets closed out August on a positive note, lifting the S&P 500 to another record finish. Investors welcomed better-than-expected consumer confidence and bypassed geopolitical worries. DJIA: + 18.88 17098.45 S&P: +6.63 2003.37 NASDAQ: +22.58 4580.27

In Word Of The Day:

Recession:

A significant decline in activity across a nations’ economy lasting longer than a few months. The technical indicator of a recession is two consecutive quarters of negative economic growth measured by a country’s gross domestic product (GDP).

In Dinner or Drink:

Hershey Highway

1 oz. Kahlua® coffee liqueur
1 oz. Irish cream
1 oz. crème de cacao
5 oz. chocolate milk
1 dash chocolate milk

Coat the bottom of a Collins glass with chocolate syrup. Fill the glass half-way with ice cubes. Add Kahlua coffee liqueur, Irish cream and crème de cacao. Fill with chocolate milk and shake gently. Sprinkle with chocolate shavings if desired, and serve.

Like our drink today, click here.

 

 

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