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Apr 29



Billionaire activist investor, Carl Icahn, announced yesterday he sold his stake in Apple (APPL), citing concerns over the tech company’s prospects in China. Icahn still thinks the company is great however, he is concerned about Chinese regulators. Last year, Icahn, called it a “no brainer” to invest in Apple, predicting the company could be worth $1 trillion. Apple’s stock has fall 9 percent this week after the company reported a decline in revenue and a sizeable drop in iPhone sales.

Dream Big

On Thursday, Comcast (CMCSA) announced it will buy animation giant DreamWorks. Shareholders of DreamWorks will receive $41 in cash per share, roughly a 50% premium from where the stock was trading before the merger. When the marriage is completed DreamWorks will become part of the Universal Filmed Entertainment Group, which includes Universal Pictures, Fandango, and NBC Universal Brand Development. Comcast expects the deal will easily pass regulatory approval and will take effect by the end of this year.


Asia: Asian markets closed lower after Thursday’s Wall Street sell off.

Europe: European markets finished mixed on Thursday as investors eyed a rebound in oil prices, earnings, and the latest central bank decision from the Fed and the Bank of Japan.

U.S: U.S. markets closed lower as Apple’s decline dragged down markets. DJIA: -210.79 17,830.76 S&P: -19.34 2,075.81 NASDAQ: -57.85 4,805.29

Word of The Day:

Keynesian Economics

An economic theory detailing the effects total spending in the economy has on output and inflation.

Dinner or Drink:

Weekend On The Beach

1/2 oz. Crown Royal® Canadian whisky
1/2 oz. peach schnapps
1/4 oz. sweet and sour mix
1/4 oz. apple schnapps

Mix the crown royal, apple and peach schnapps, and sweet and sour mix with ice cubes in a shaker and shake until well blended. Strain into a shot glass. Makes one serving.

Like our drink today, click here for more.

Have a safe and wonderful weekend, Ya’ll!

Apr 27


Sour Apple

Apple Inc. (APPL) posted the company’s first revenue quarterly decline in 13 years, ending a historical run for the world’s most valuable company. Apple reported a profit of $10.52 billion, or $1.90 a share for the quarter, compared with $13.57 billion, or $2.33 a share, a year earlier. Revenue for the company declined 13% to $50.55 billion down from $58 billion.  IPhone sales are slowing, along with the rest of the smartphone market, iPad sales have slumped for more than two years, and the Apple Watch is still in its infancy. The company has struggled to maintain its sales surge following the introduction of its larger-screen smartphones in late 2014. Its successor models haven’t generate as much enthusiasm from the Apple loyal. For all the concern about Apple’s growth, the company still potentially generated profits in the last quarter that are expected to exceed the combined earnings of technology rivals Alphabet Inc., Facebook Inc., and


On Tuesday, after six decades, oil giant Exxon Mobil was stripped of its perfect triple-A credit rating by Standard & Poor’s rating services. The world’s largest publicly traded oil company had been one of only three companies- Microsoft Corp and Johnson & Johnson are the others- that had received the coveted highest rating given, the triple A. Leading to the company’s downgrade, its willingness to go into debt to fund its capital spending and dividend payment to shareholders even as oil prices plunged taking a toll on its balance sheet. According to S&P Global Market Intelligence, the company’s total debt stood at $38.7 billion at the end of last year has more than tripled since 2012. The ratings downgrade shouldn’t affect Exxon’s ability to borrow money. It did however, hurt the company’s ego as it had been able to keep its perfect triple-A rating in one form or another through the Great Depression, WWII, the Arab oil embargo, and several other previous price crash. It had become a point of pride for the Irving based company.


Asia: Asian markets closed lower on Wednesday ahead of this week’s bank decisions from the Federal Reserve, Bank of Japan, and Reserve Bank of New Zealand.

Europe: European markets closed mixed on Tuesday as investors digested earning reports ahead of this week’s central bank meetings.

U.S: Stocks closed mixed Tuesday with energy leading the way as oil prices continue to climb. DJIA: +13.08 17990.32 S&P: +3.01 2091.70 NASDAQ: -7.51 4888.28

Word of The Day:

Credit Rating

An assessment of a corporation, state, or provincial authority, individual, or sovereign government creditworthiness in respect to a particular debt or financial obligation.

Dinner or Drink:

Apple Fizz

2 oz. apple brandy
4 oz. apple juice
1/2 tsp fresh lime juice
1 oz. soda water

Pour the apple brandy, apple juice and lime juice into a highball glass almost filled with ice cubes. Stir well. Top with soda water, garnish with a slice of lime, and serve.

Apr 26


Recovery Plan

Monday, Saudi Arabia unveiled a bold economic reform plan, known as Vision 2030, aimed at weaning the country from its “addiction” to oil. The plan will help prepare the next generation of Saudi leaders for the domestic pressures of youth unemployment and decreased revenues from lower oil prices. The plan will include the setup of the world’s largest government investment funds and the sale of a stake in the world’s largest oil company, Aramco. The plan has already been approved by the country’s Cabinet and King Salman in a televised address called on all Saudis to work together to ensure its success.

Paper Route…

Gannett Co. (GCI) announced its bid to acquire Tribune Publishing Co. (TPUB) in a deal valued at almost $400 million. The deal would combine titles like USA Today, The Los Angeles Times, and Chicago Tribune, as the new paper continues to struggle to compete with online news. Gannett is offering $12.25 in cash for each share of Tribune, a 63% premium to the stock’s closing price on Friday. In a letter released Monday, Gannett said it was disappointed Tribune’s response to its April 12 proposal and is frustrated with the company’s refusal to come to the table for constructive discussions. Tribune, in its statement, said it is completing arrangements with legal and financial advisors and would respond quickly to Gannett’s bid.


Asia: Asian markets closed mixed on Tuesday as investors continued to remain cautions ahead off this week central bank meetings.

Europe: Europe closed lower on Monday amid weak sentiment across the globe.

U.S: U.S. markets closed lower as commodity sensitive stock pulled down the markets. DJIA: -26.51 17,977.24 S&P: -3.79 2,087.79 NASDAQ: -10.44 4,895.78

Word of The Day:

Exchange Traded Funds (ETF):

A security that tracks an index, a commodity or a basket of assets like an index fund, however it trades like a stock on an exchange. ETFs experience price changes throughout the day as they are bought and sold just like their bff stocks.

Dinner or Drink:

Bad News Bear

1 oz. Jagermeister® herbal liqueur

1 oz. vodka

4 – 6 oz. Mountain Dew® Pitch Black soda
2 oz. fruit punch

Stir ingredients together and serve in a cup.

Apr 25


Cautiously Optimistic

On Friday, Caterpillar Inc. (CAT) reported a profit of $271 million for the quarter ending March 31, compared to $1.25 billion a year earlier. The company also cut its full-year profit and revenue forecasts as global commodity markets remain sluggish. Now for the good news… The company has started seeing an improvement in sales of its construction machinery in China. Caterpillar Chief Executive Doug Oberhelman, who visited China last month, said modest stimulus spending on infrastructure projects had lifted the company’s spring equipment sales for the first time in three years. Demand for equipment also rose ahead of China’s new emission standards for engines causing the price of machinery to rise. Investors look at Caterpillar as a proxy for future growth in Emerging markets. If demand is getting better it could mean there is a light at the end of the global recession tunnel.

Better Lighting

Dutch electronics giant, Philips (PHG) announced Monday it is leaning towards pursuing an initial public offering, rather than a private sale, of its lighting business. The company first announced plans in 2014 to spin off the lighting business as part of a reshaping focusing more on health care and technology. Since the announcement the company has been pursuing a dual-track effort to separate the lighting division through either private sale of public offering. Due to improving markets the company now says the possibility of a public listing for the business has increased. Philips is expected to make the final decision “shortly”. The companies lighting business includes division that produce both complete lighting systems and traditional light bulbs. As 2015, the division had 34,000 employees and posted sales of around $8.3 billion.


Asia: Asian markets closed lower on Monday as investors ran for the sidelines ahead of this week central bank meetings.

Europe: European stocks finished the week in negative territory as sharp losses in autos and basic resources dragged down the markets.

U.S: U.S. markets closed flat on Friday as investors continued to sift through earnings season. DJIA: +21.43 18003.95 S&P: +.16 2091.63 NASDAQ:

Word of The Day:

Call Option

An agreement that gives an investor the right, but not the obligation, to buy a stock, bond, commodity or other instrument at a specified price within a specific time period.

Dinner or drink:

Blinding Light

1 oz. absinthe herbal liqueur
2 oz. Pernod® licorice liqueur
2 oz. Sambuca
2 oz. vodka

Pour into shot glass and stir with spoon before quickly downing the whole thing.

Like our drink today, click here for more.

Apr 22


Closing Time….

Struggling retailer Sears Holding Corp announced the will close 80 stores as part of a push to make the company profitable again. The closings, which will mostly occur in July, will include 68 Kmart’s and 10 Sears.  Sears posted a $580 million loss in its most recent quarter, a wider deficit than a year earlier. The once-mighty retail giant said in February that it would be paring back money-losing stores and embark on a review of its overall portfolio.


At the request of regulators, Apple Inc. (APPL) has suspended its online book and movie services in China as the company seeks ways to comply with the country’s stringent new content regulations. In February, China issued new board rules banning companies with any foreign ownership from engaging in online publishing. Foreign-invested companies are allowed to cooperate with Chinese firms on individual projects with the permission of authorities.  Oh Apple, what rabbit will you pull out of your hat?


Asia: Asian markets closed mixed on Friday as investors took a break and took profits off the table.

Europe: European markets finished down on Thursday, after the European Central Bank held its key interest rates unchanged.

U.S: U.S stocks closed lower Thursday, with telecoms leading the way. DJIA: -113.75 17982.52 S&P: -10.92 2091.48 NASDAQ: -2.24 4945.89

Word of The Day:

Credit Default Swap (CDS):

A particular type of swap designed to transfer the credit exposure of fixed income products between two or more parties.

Dinner or Drink:

Peachy Keen

  • 1 part Pinnacle® Peach Vodka
  • 2 parts Lemon-Lime Soda
  • Peach Slices

Mix and serve over ice. Garnish with peach slices.

Have a safe and wonderful weekend, Ya’ll!


Apr 21



Yum Brands (YUM), parent company of KFC, Taco Bell, and Pizza Hut, beat first-quarter earnings expectations as growth in China continued to grow. Yum reported earnings of $391 million for the quarter ending March 19, up 8% from $362 million a year ago. Revenue for the company came in at $2.6 billion, unchanged from the same quarter a year ago and slightly lower than analyst expectations. Yum’s success last quarter can be attributed to a number of factors, including a 42% gain in their China Business. Shares of Yum rose 4.1% in after-hours trading to $85.95.

Book Deal Inc. announced it will provide e-books to New York City, the nation’s largest school district, in a deal worth $30 million. The city’s Panel for Educational Policy voted Wednesday in favor of a three-year contract which will take effect in the coming school year. With the vote, Amazon won the right to sell digital textbooks and other content, to New York school through an internal marketplace site.  New York expects to buy about $4.3 million of content from Amazon the first year, $8.6 million the second year, and $17.2 million the third year. Amazon will collect a commission between 10% and 15% of the purchases. The deal helps boost Amazon in the education marketplace, where it seeks to establish itself as a player. Many tech firms are setting their sights on classrooms, viewing them as ripe of modernization and an effective way to establish their brands.


Asia: Asian markets closed mostly higher on Thursday after a positive handover from the U.S.

Europe: European markets closed higher as investor sentiment was buoyed by rising oil prices.

U.S: U.S. markets closed higher on Wednesday as oil prices continued to rally. DJIA: +42.67 18,096.27 S&P: +1.60 2,102.40 NASDAQ: +7.80 4,948.13

Word of The Day:

Foreign Exchange Markets (FX)

The market where global currencies are traded. The forex markets is the largest and most liquid market in the world with an average traded value of over $1.9 trillion per day.

Dinner or Drink:

1 1/2 oz. vodka
1 oz. passion-fruit juice
top with cranberry juice

Combine ingredients in highball glass and stir.

Like our drink today, click here for more.

Apr 20


Cost Cutting

Intel (INTC) announced Tuesday it will cut 12,000 jobs, about 11 percent of its workforce, by the middle of next year as the company slash costs and scale down its fledgling PC business. According to the chipmaker the restructuring plan will drive growth by switching its focus away from the shrinking PC markets and on to cloud computing and Web-connected technology. The new initiative will save the company $750 million this year and $1.7 billion by mid-2017. The job cuts will include both voluntary and involuntary departures from its operations worldwide. Most of the affected workers will be notified in the next 60 days.


UnitedHealth Group, the nation’s largest health insurer announced it will pull out of nearly all of the Affordable Care Act exchanges. After suffering steep profit losses the company will pare down its presents from 34 states this year to only a “handful” in 2017. The announcement comes after the company projected a loss in 2016 exchange business of $525 million as new enrollee’s health conditions worsening. UnitedHealth withdrawal for the exchanges shouldn’t wreck too much havoc on the exchange system as it is likely Blue Cross Blue Shield will become the new backbone for the system. Currently UnitedHealth Group has approximately 798,000 enrollees as March 31.


Asia: Asian markets closed mostly lower on Wednesday as investors react to first quarter earnings and short term liquidate pressures.

Europe: European markets closed higher on Tuesday after a sharp tick up in oil prices and commodity stock prices boosted sentiment.

U.S: U.S. markets closed higher on Tuesday aided by higher oil prices. DJIA: +49.44 18,053.60 S&P: +6.46 2,100.80 NASDAQ: -19.69 4,940.33

Word of The Day:

Sin Stock

The stock of a company either directly involved in or associated with activities widely considered to be unethical or immoral.

Dinner or Drink:

Papa Joe’s Health Care

1 1/2 oz. rum
1 1/2 oz. vodka
3 oz. Kahlua® coffee liqueur
3 oz. Bailey’s® Irish cream

Fill pint glass with ice. Add all ingredients. Shake and serve.


Apr 19


Go Big Blue…

International Business Machines (IBM) reported better-than expected first-quarter earnings on Monday, beating analyst expectations. The company posted earnings per share of $2.35 on $18.68 billion in revenue. Analyst had expected IBM to report earnings of $2.09 a share on $18.29 billion in sales.  Big Blue reported an increase in quarterly revenue from strategic business like cloud and analytics, which now represents 37 percent of the company’s total revenue. Despite all the good news, the company’s overall quarterly revenue fell for the 16th straight quarter.

Trouble Ahead

Federal prosecutors are looking into whether blood test maker, Theranos Inc., mislead investors about the state of its technology and operations. In recent weeks, the company’s largest partner, Walgreens Boots Alliance and the New York State Department of Health have received subpoenas seeking documents and testimony about representations made to them by the company. Walgreen’s has been Theranos, largest customer since the company’s announced their partnership in 2013. People close to the situation say the subpoenas seek information how Theranos described its technologies and the progress it was making developing those technologies. In addition to the criminal probe, the company is also being examined by the Securities and Exchange Commission. The SEC is looking into whether Theranos made deceptive statements to investors when it solicited funding. Theranos had been valued at $9 billion in a funding round in 2014.


Asia: Asian markets closed in the green on Tuesday as oil prices start to climb.

Europe: European markets closed higher on Monday despite a decline in oil prices after the meeting of top oil producing countries failed to produce a deal.

U.S: U.S. shares closed higher on Monday as investors believe a slowing global growth will not end tip the U.S. into a recession. DJIA: +108.70 18, 0084.16 S&P: +13.661 2,094.34 NASDAQ: +21.80 4,960.02

Word of The Day:

A demand for an investor using margin to deposit additional money or securities so their account is brought up to the minimum maintenance margin.

Dinner or Drink:

Blue Bull

1 oz. Stoli® Blueberi vodka
1/4 oz. peach schnapps
1/4 oz. triple sec
1/4 oz. Blue Curacao liqueur
6 oz. Red Bull® energy drink


Fill glass with ice, add liquors, fill with red bull, and serve.

Read more: Blue Bull recipe

Apr 18


Stand Alone

In a direct aim at Netflix, Amazon Prime is going monthly. On Sunday night, the online retailer turned on a monthly subscription option for its Prime service bundle including free shipping, a music library, and a growing collection of original TV shows and movies. Prime, until Sunday night, had only been offered as an annual subscription. The price for the full Prime bundle monthly, $10.99. The company also started offering a separate monthly subscription for just its TV and movie collection, called Prime video. Prime video has never been offered as its own product and will set you back $8.99. Seems like Amazon is positioning its self as a head-on competitor to Netflix and Hulu.

Going Down

Shares of Apple (APPL) tumbled almost 2% on Friday afternoon following a report the tech giant would extend cuts in production of its latest iPhone. According to news source Nikkei, Apple has notified parts suppliers in Asia to reduce production due to slower sales of the iPhone 6S and 6S plus. If the report is accurate, this will be the second straight quarter Apple has requested a cut in iPhone production. Shares of Apple closed down $2.25 on Friday.


Asia: Asian markets closed lower on Monday after oil producers failed to come to agreement over the weekend.

Europe: European stocks closed out the week in the red as investors digested earnings reports, Chinese growth data, and ahead of this weekend key oil summit.

U.S: U.S. shares closed lower on Friday as oil prices fell ahead of the weekend’s meetings of oil producers. DJIA: -28.97 17,897.46 NASDAQ: -7.67 4,938.22 S&P: -2.05 2,080.73

Word of the Day:

Dodd- Frank Wall Street Reform and Consumer Protection Act

A set of federal regulations, primarily affecting financial institutions and their customers, which the Obama administration passed in 2010 in an attempt to prevent another financial crisis like the one in 2008.

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.

Apr 14


Bad Blood

Federal health regulators have proposed banning blood test provider Theranos Inc. founder, Elizabeth Holmes, from the blood-testing business for at least two years. The proposal comes after officials concluded the company failed to fix major problems in the company’s California laboratory. In a letter obtained by The Wall Street Journal, the Centers for Medicare and Medicaid Services said it plans to revoke the company’s California lab’s federal license and prohibit its owners from owning or running any other labs, including the company’s Arizona lab, for at least two years. The two labs generate most of Theranos’s revenue and are imperative to its strategy of revolutionizing the blood-test industry with new technology, user-friendliness, and quick results. Theranos has responded to the letter however, federal authorities are still reviewing their response.

I Got An “F”…

JPMorgan Chase (JPM), Bank of America (BAC) and three other major U.S banks failed to convince regulators they could go bankrupt without wreaking havoc on the broader financial system. The failure of the bank’s “Living Wills” could now cause the banking system to face a tighter leash from government agencies. The banks, which also include Wells Fargo, Bank of New York Mellon Corp. and State Street, must rip up their living wills, after the Federal Reserve and the Federal Deposit Insurance Corp said the banks failed to satisfy their requirements. The banks now have until October 1 to rewrite their plans. If the regulators are not completely wowed the second time they could subject the banks to more capital or liquidity constraints on their businesses.


Asia: Asian markets closed in the green on Thursday despite a weaker yen.

Europe: European markets ended Wednesday sharply higher helped by a rally in mining and banking stocks.

U.S:  U.S. markets closed higher on better than expected corporate earnings. DJIA: +187.03 17,908.28 S&P: +20.70 2,082.42 NASDAQ: +75.33 4,947.42

Word of the Day:

Quick Ratio

An indicator of a company’s short-term liquidity. The quick ratio measures a company’s ability to use its most liquid assets to meet its short-term obligations.

Dinner or Drink:

Myrtle Bank Punch

1 1/8 oz. dark rum
1/8 oz. cherry brandy
1/4 oz. grenadine syrup
1 oz. lime juice
1 tsp sugar

Pour the dark rum, grenadine, lime juice and sugar into a cocktail shaker half-filled with ice cubes. Shake well, and strain into a highball glass almost filled with crushed ice. Top with cherry brandy. Garnish with slice of lime, and serve.

Apr 13


Walking Away

McCormick and Co. (MKC) is walking away from its bid for British food manufacturer, Premier Foods PLC. McCormick announced Wednesday, after completing more due diligence on Premier Foods, it would be unable to propose the offer price recommended by Premier Foods and deliver appropriate returns to its shareholders. Premier Foods, maker of OXO cube brands, rejected McCormick’s last bid of $763 million on March 30 calling it undervalued. In a separate statement, Premier said it sees a strong future as an independent company.


Fitch, the credit ratings agency, downgraded its rating for Saudi Arabia. In a note Tuesday, Fitch said it is reducing its rating of the country one notch to AA- from AA in light of failing oil prices which will have major negative implication for the country’s financial positions. Fitch also kept its outlook for the country at negative, meaning there could be another downgrade. The downgrade was made largely due to Fitch’s assumptions that oil will remain around $35 a barrel this year and $45 a barrel next year resulting in Saudi Arabia’s deficit widening. Fitch also warned the geopolitical risks currently facing Saudi Araba are high relative to its peers with similar ratings.


Asia: Asian markets closed higher on Wednesday, after trade data from China showed a jump in March.

Europe: European markets closed slightly higher on Tuesday after oil prices spiked on a report Russia and Saudi Arabia will agree to a freeze in production.

U.S: U.S. markets closed higher on Tuesday after U.S crude prices jumped 4.5% on expectations producers will reach a deal to freeze production levels at Sunday’s meeting. DJIA: +164.84 17,721.25 NASDAQ:  +38.69 4,872.09 S&P: +19.73 2,061.72

Word of The Day:

Crowding Out Effect

An economic theory stipulating a rise in public sector spending drives down or even eliminates private sector spending.

Dinner or Drink:

Jungle Spice

1 1/2 oz. white rum
1 oz. guava juice
1 oz. mandarin juice
1/2 oz. lime juice

Shake and strain into a double-cocktail glass filled with crushed ice. Sprinkle with grated nutmeg, and serve.

Like our drink today, click here for more.


Apr 12


Strike Out

40,000 Verizon Communications Inc. (VZ) workers say they will go on strike Wednesday if a new contract isn’t reached between the unions and the telecom giant. The employees, represented by the Communications Workers of America and the International Brotherhood of Electrical Workers, work mostly on Verizon’s landline phone and International operations along the East Coast. If the workers strike, this would not be their first rodeo, in 2011 a strike lasted two weeks before a new contract was reached between the parties. The union is trying to reach a deal with the company that will improve benefits and prevent Verizon from outsourcing jobs to contractors while the company is trying to slim down its overall cost by reducing retirement benefits and health-care costs.

Breaking Up

Canadian Pacific Railway’s (CP) bid to acquire its fellow rail giant Norfolk Southern (NSC) has come to an end following months of back and forth squabbling and heightened antitrust scrutiny from the government. On Monday, Canadian Pacific announced it would no longer pursue the takeover, which had been made over the objections of Norfolk Southern. The company also withdrew a resolution it had made to force shareholders of Norfolk to force deal negotiations. From the start Norfolk Sothern asserted the merger would draw heavy regulatory scrutiny and had questions the value of Canadian Pacific’s offer. Any deal made would have faced increased scrutiny by the government who has stepped up its game in the last several weeks, including last week’s lawsuit to block the merger of Haliburton and Baker Hughes. Shares of Norfolk Southern (NSC) fell 2.7% on Monday while shares of Canadian Pacific rose 3.4% to close at $139.37.


Asia: Asian markets closed higher on Tuesday shrugging off a lower finished in the U.S.

Europe: European markets closed mostly higher on Monday as oil prices rallied and Italian banks boosted investor sentiment.

U.S: U.S. markets closed lower on Monday as investors get ready for the possibility of a rough earnings season. DJIA: -20.55 17556.41 S&P: -5.61 2041.99 NASDAQ: -17.29 4833.40

Word of The Day:


A gradual winding down of any central bank activities which were used to improve economic growth (i.e. quantitative easing).

Dinner or Drink:

Absolut Train Wreck

1/2 oz. Absolut® vodka
1/2 oz. Absolut® Kurant vodka
1/2 oz. Absolut® Citron vodka
1 1/2 oz. cranberry juice

Add the ingredients to a cocktail shaker half-filled with ice cubes. Shake well, pour into a cup, and serve.


Apr 11


On Course

On Friday, Twitter (TWTR) announced it appointed two new directors to its board in the latest step by Chief Executive Jack Dorsey to remake the board and ensure investors the social-media company is on the right course. U.K entrepreneur Martha Lane Fox and PepsiCo financial chief Hugh Johnston will replace two lontimr directors, Peter Chernin and Peter Currie, whose terms expire after the company’s annual meeting in May. Jack Dorsey tweeted out on Friday to expect more additons to the board bringing more diversity and represent the strong community of Twitter. Shares of the company closed slightly lower on Friday.

Houston We Have A Problem…

Hyundai is recalling most of the company’s midsize sedan, the Sonata, to fix a glitch which could cause a loss of power steering, potentially leading to a crash. The effected vehicles were made from December 11, 2009 to October 31 2010. The auto maker told the National Highway Traffic Safety Administration the vehicles electronic power steering circuit board could become damaged and result in a loss of power steering causing the steering wheel to become harder to turn. Dealerships will soon be replacing the circuit board in the recalled vehicles.


Asia: Asian markets closed mixed on Monday as China released better economic data.

Europe: European markets closed higher on Friday, as investors reacted to price volatility in commodity markets and positive economic data from Germany.

U.S: U.S markets closed out their week higher but well off session highs as a stronger yen had investors wondering what effects it could have on China’s already depressed economy. DJIA: +35.14 17577.10 S&P: +5.71 2047.63 NASDAQ: +2.32 4850.69

Word of The Day:

Common Stock

A security which represents ownership in a corporation allowing owners to vote on corporate matters like the election of directors.

Dinner or Drink:

Happy Go Lucky Bird

1 shot banana liqueur
1 shot coconut rum
1 shot orange juice
1-2 shot passion-fruit juice


Fill 12 0z glass 1/2 way with crushed ice. Pour 1 shot glassful of each alcohol over ice. Fill remaining glass 1/2 with OJ & 1/2 with Passion Juice. I actually like the RUM & Passion Juice the best, so the next one I mixed 1 shot Banana & OJ to: one part each of RUM & Passion juice! Poured over crushed ice.

Like our drink today, click here for more.

Apr 7


You’ve Been Served

On Wednesday,  the Justice Department filled a lawsuit to stop Halliburton (HAL) from acquiring oilfield service company Baker Hughes (BHI), saying it would eliminate critical competition in the energy markets. The deal, announced late 2014, would combine two of the world’s three leading oil field service companies. The Justice Department contends the deal would raise prices and eliminate competition in markets for 23 products or services used for U.S. on and off-shore oil exploration and production.


After six years in the making, the Labor Department unveiled its new rules designed to protect owners of retirement accounts, think you’re IRA, potentially saving investors $40 billion over 10 years. The rules will help protect owners from stockbrokers, insurance agents, and other types of financial advisors from putting their own profits ahead of their client’s best interest. The rules, which will take effect next April, will now require retirement advisers to meet a higher fiduciary standard when selling investment products to retirement account holders. In the past the only guide most advisors had to live by was suitability standard.


Asia: Asian markets closed mostly higher on Thursday despite fresh strength in the yen.

Europe: Europe markets finished higher on Wednesday as investors digested new data from China.

U.S: U.S. shares closed higher on gains from health care and the release of the minutes from the Federal Reserve minutes. DJIA: + 112.73 17,716.06 NASDAQ: +76.78 4920.71 S&P: +21.49 2,066.66

Word of The Day:

Fiduciary Rule

A rule regulated by the Department of Labor that requires retirement advisors to put their clients’ needs and best interest before their own.

Dinner or Drink:

Alaska Oil Spill

1/2 oz. Blue Curacao liqueur
1/4 oz. Jagermeister® herbal liqueur
1/2 oz. Rumple Minze® peppermint liqueur

Shake Curacao and Rumple Minze together, let chill and pour into a snifter. Layer the Jagermeister on top and drink like a shot.

Apr 6


Walking’ Away

Pfizer Inc. (PFE) has decided to walk away from its planned takeover of Allergan (AGN), after the U.S. government issued new rules designed to crack down on tax avoidance. The deal had been designed to allow New-York based Pfizer to move its corporate headquarters to Ireland reducing its tax bill. Pfizer’s takeover of Allergan was another example of “inversion”, a maneuver used by U.S. multinational companies to merge with a foreign company and change its legal tax residence with a lower tax rate. All that changed on Monday when the U.S Treasury changed its rules. The new rules change how the ownership percentage of the foreign company will be calculated cracking down on “earning stripping”. In a statement, Pfizer explicit said the new rules change were the reason it was scrapping its merger plans. This is the second time Pfizer has been left at the altar. In 2014, the company launched an unsuccessful bid to acquire British drug maker AstraZeneca in deal where the tax savings was front and center. Pfizer will now look at other methods to try to help boost its share price, including possibly separating part of the company from one another.


Huawei Technologies Co, a Chinese telecommunications giant founded by a former engineer of the People’s Liberation Army, is taking a shot at challenging Apple Inc. and Samsung Electronics in the global smartphone market. During an event in London Huawei, the third-largest smartphone maker by shipments, unveiled its new high-end smartphone with a dual-lens camera. The new P-9 promises better color and sharper contrasts even in low light conditions, beating Apple and Samsung to the market.


Asia: Asian markets closed lower on Wednesday despite higher oil prices and signs the China services sector is picking up.

Europe: Europe finished lower as volatility in commodity markets weighed on sentiment.

U.S: US stocks closed lower Tuesday following declines in overseas developed markets on soft data and despite gains in oil prices. DJIA: -133.68 17.603.32 NASDAQ: -47.86 4,843.93 S&P: -20.96 2.045.17

Word of the Day:

Down Round

A round of financing where investors purchase stock from a company at a lower valuation than that paid by earlier investors.

Dinner or Drink:

Drug Test Specimen

1 oz. light rum

3 oz. apple schnapps

1 oz. DeKuyper® Sour Apple Pucker schnapps
1 splash sweet and sour mix
1 drop DeKuyper® Hot Damn cinnamon schnapps

Mix it all up and pour into a cocktail glass.

Apr 5


Designer Baby On Board

Toy maker Mattel has tapped designer and author Jonathan Adler as the new creative director for its Fisher-Price baby gear and infant toys, as the company seeks to reverse a prolonged decline in sales. Adler, a ceramicist turned interior designer, has produced collections for Barneys New York and other retailers. The new partnership will include Adler designing a premium priced collection of Fisher-Price baby furniture, gear, and apparel that will start selling in September. His design influence will also be applied to everyday Fisher-Price products that will be widely available in early 2017. The new additions fits Mattel’s broader attempt to design baby gear and furniture that younger families will feel more comfortable having out in their living rooms.

Reservations Required

Reservations for Tesla Motors newest electric car, Model 3, have exceeded 276,000 since the company began taking deposits on March 31. The staggering number represents an evolution for both Tesla and its electric cars. The Model 3, a sedan, is capable of seating five, go from 0-60 mph in less than 6 second, and will travel 215 miles on a single charge. The $35,000 price tag is substantially lower than the company’s previous models. The Model 3 won’t ship for at least 18 months and could present a difficult ramp up challenge for the Palo Alto, California auto maker.


Asia: Asian markets closed mostly lower with Japanese shares losing ground on the back of a stronger yen.

Europe: Europe stocks closed higher on Monday despite lower oil prices and a sharp fall in telecom weighed on sentiment.

U.S: U.S. shares fell on Monday as investors remain uncertain ahead of what could be a bleak corporate-earning season. DJIA: -55.75 17737.00 S&P: -6.65 2066.13 NASDAQ: -22.75 4891.80

Word of The Day:

Money Laundering

The process of creating the appearance that large amounts of money obtained from serious crimes originated from a legitimate source.

 Dinner or Drink:

Baby Doll

2 oz. Courvoisier® cognac
1 1/2 oz. Grand Marnier® orange liqueur
juice of 1/2 lemons
ice cubes

Stir liquors and juice over ice gently. Sugar rim of chilled cocktail glass and strain.

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Apr 4


High Flyin

Alaska Air Group Inc. announced it has reached a deal to buy Virgin America Inc. ending a frenzied bidding war with rival JetBlue Airways Corp. The parent company of Alaska Airlines will pay $57 a share for Virgin, a 47% premium to Friday’s closing price. The deal is expected to close by January 1, 2017 and is expected to boost its annual revenue by 27%.


Office supply chain, Staples, has found a new use for its stores: office space. The retailer is joining other chains including Sears Holdings Corp. and Macy’s that have carved off sections of their stores to other companies in an effort to improve store productivity and give shoppers another reason to stop by. Staples will unveil its new partnership with office-sharing startup Workbar LLC, which provides office space for startups and entrepreneurs for a monthly charge. The partnership will start in three Boston-area stores and could open in more stores nationwide. For Staples, who has been battling declining shopper traffic since 2009, hope is the arrangement will draw small-business owners and mobile profession who will than shop for office supplies.


Asia: Asian markets closed mixed Monday as stronger currencies took their toll on exporters.

Europe: European markets closed lower on Friday as investors reacted to sliding oil prices and fresh U.S. jobs data.

U.S: U.S. shares closed higher Friday, as investors shook off lower oil prices and focused more on encouraging domestic employment and manufacturing. DJIA: +107.86 17,792.75 NASDAQ: +44.89 4,914.54 S&P: +13.04 2,072.78

Word of The Day:


When a stock is expected to do slightly better than the market return.

Dinner or Drink:

Baseball Pleasure

2 shots vodka
fill with orange juice
1 jigger whiskey
1 jigger amaretto almond liqueur

Begin by making a standard Screwdriver (OJ and vodka). Add the whiskey and the amaretto, mix and serve.


Apr 1


Help Wanted

On Friday, the Department of Labor released its monthly job report. According to the NFP report the economy added 215,000 jobs in March and the unemployment rate is at 5.0%.

Walking Away

In a surprise move, Anbang Insurance Group Co. walked away from its $14 billion bid for Starwood Hotels & Resorts Worldwide. Anbang and its partners said in a statement released late Thursday that they decided to abandon their Starwood bid due to various market considerations. The abrupt withdrawal ends a topsy-turvy bidding war between Anbang and Marriot that has lasted weeks. Anbang’s move has analyst wondering if Chinese companies and their newfound muscle have the ability to close high stake deals.


Asia: Asian markets closed lower on Friday as investors digested a mixed bag of economic data.

Europe: European markets closed lower on Thursday as investors took a breather and wait anxiously for Friday’s jobs report.

U.S: U.S stock closed slightly lower on the final trading of the month as all eyes turn to Friday’s jobs data. DJIA: -31.57 17,685.09 S&P: -4.21 2,059.74 NASDAQ: +0.55 4,869.85

Word of The Day:

Share Class

A designation applied to a specific type of security like common stock or mutual fund units.

Dinner or Drink:

Fool’s Muse

1 shot of gin
3/4 shot of dry vermouth
1/4 shot of Cointreau® orange liqueur
2 dashes of Fernet Branca® bitters

Combine all the ingredients and shake well. Poor over ice or into chilled martini glass.

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Have a safe and wonderful weekend, Ya’ll!

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