“Close, But No Cigar” – Vista Partners Daily Market Recap 11/29/2018

US stocks had a choppy day of trading on Thursday with all three major indices nearly ending with gains but winding up just barely in the red instead. The S&P 500 slipped 0.22% (5.99 points) and the Nasdaq fell 0.25% (18.51 points). The Dow was just under for the day with a loss of 0.11% (27.59 points).

Individual components of the Dow were all over the board today with some seeing substantial gains and others facing losses. Boeing (BA) did well as it rose 2.72% and Pfizer (PFE) also ended the session up with an increase of 1.36%. On the flip side, Intel (INTC) saw shares slide 2.37%.

Atossa Genetics (ATOS) saw a loss of 3.36% for the day after significant increases during Wednesday’s session.

The Markets are facing many significant risks that have increased the volatility and could add to a downward moving market.  A few of the market disrupters include:  rising interest rates, unsettled white house affairs with China that involves wider or at least increased tariffs on China heading into the G20 summit &  the fact that oil prices continue to plummet after hitting a 4-yr high north of $76 to today’s range of $49.47 – $52.20 while closing at $51.26.

Some ominous news also came from the housing market today as it was reported that pending home sales had dropped 2.6% from September to October coming in at the lowest level in 4 years. The West was the hardest hit region with sales falling a whopping 8.9%.

According to Stephen Stanley, an economist at Amherst Pierpont Securities, “By all accounts, we are seeing a buyers’ strike this year, as prospective home buyers have tired of surging home prices, frenzied bidding on scarce homes for sale and most recently rising mortgage rates.”

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Stocks snap three-days winning streak, trade talks loom

Stocks fell Thursday ahead of a highly anticipated meeting between President Donald Trump and China’s President Xi Jinping at the G20 summit in Argentina…

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“Ups and Downs” – Vista Partners Daily Market Recap 11/27/2018

The market saw plenty of ups and downs during trading on Tuesday before all three of the major indexes ended the day just barely up from open. The Nasdaq edged up just 0.01% (0.85 points) and the S&P 500 gained 0.33% (8.75 points). The Dow rose 0.44% (108.49 points).

Individual components of the Dow were mixed today with some winners and some big losers. On the losing side, United Technologies Corporation (UTX) saw shares slip 4.14% by the market’s close after announcing a breakup plan. Under the plan, UTX will create an aerospace company consisting of Collins Aerospace Systems & Pratt & Whitney and Carrier. On the other hand, Verizon (VZ) did well with gains of 2.50%, and Walgreens (WBA) rose 2.23% to end the session.

Atossa Genetics (ATOS) had a down day with shares dropping 3.33%.

The bumpy market today was due in part to investors reactions to a pair of news stories. The first was released by the Wall Street Journal last night. In it, President Donald Trump stated that it is very possible that he will increase the current 10% tariff on Chinese imports to 25% and that if a fair deal is not reached with Chinese President Xi Jinping, he may impose tariffs on the remaining Chinese goods that have been so far unaffected.

The other story came from remarks made by the Fed’s Vice Chairman Richard Clarida. He seemed optimistic about the economy in his remarks and noted that the Fed should be gradual in their interest rate hikes. He also noted that interest rates are “much closer” to neutral compared to 2015. “How close is a matter of judgment, and there is a range of views on the FOMC.” In remarks from two weeks ago, Clarida stated that he believed a neutral rate would be between 2.5% to 3.5% in comparison to the current level between 2.0% and 2.25%.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Stocks close higher

Stocks ticked up Tuesday as traders digested recent trade comments from President Donald Trump and remarks from a Federal Reserve official pointing toward future gradual interest rate hikes…

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UK Parliament Obtains Facebook Internal Documents

While Facebook (FB) has been facing difficulties in the stock market, they are now seeing increasing issues in the legal arena. The British Parliament recently came into possession of several internal documents that Facebook has been working to keep private.

The documents come from a legal battle between Facebook and the company Six4Three, which has filed a slew of complaints against the tech giant including gross violations of user privacy and plans by its CEO Mark Zuckerberg to shove rivals out of the ring.

Six4Three’s lawyers obtained the documents through a little-known  process known as discovery in which one of the parties in a lawsuit takes its evidence from the other.

Ted Kramer, the owner of Six4Three, turned the set of documents over to the UK Parliament after a request from one its members (and possibly some forceful persuasion). This comes just before a group of lawmakers from seven countries will meet in London on Tuesday for the first meeting of the “International Grand Commission on Disinformation,” which had requested Zuckerberg’s attendance but was sent a CEO’s deputy in his place.

What complicates matters is that a state court in California had previously ordered that the documents remain sealed and had not given permission for Kramer to hand over the papers. After Facebook had heard about Parliament’s request it went back to the court and asked it to reiterate the private nature of the documents. It did so and noted that any release of them would be “considered an act of contempt.”

What will happens next remains to be seen but Damian Collins, the member of parliament who requested and obtained the documents, suggested that we may soon find what the next step will be. He said the documents “are clearly highly significant to the committee’s inquiry and we will be making a statement next week on how we intend to proceed.”

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Internal documents Facebook has fought to keep private obtained by UK Parliament

The British Parliament has obtained a set of internal Facebook documents the company has fought for months to stop from being made public, according to Facebook and a lawyer involved in a suit against the company…

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Apple iPhone Parts Supplier Foxconn Plans to Face “Very Difficult and Competitive Year”

Dow 30 component Apple (AAPL) revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it.”

Foxconn, Apple’s largest iPhone assembler, plans to cut 20 billion yuan or $2.8 billion from its expenses in 2019. Foxconn currently expects to face a “very difficult and competitive year”.

While Foxconn said it was conducting a regular annual review to budget effectively for 2019, but also voiced concerns over the demand for Apple’s bellwether devices. Apple’s shares this past week were up 1.2 percent, but have fallen almost 9 percent since November 12 due to Lumentum Holdings Inc., one of Apple’s facial recognition suppliers, cut its outlook for this holiday quarter.

Apple’s investors were surprised at the beginning of the month when the forecast for the Christmas quarter reported lower-than-expected sales, which knocked parts suppliers around the world.

Analysts guess that Apple cut its orders to Taiwanese suppliers by 20-30% earlier in the month due to a weak demand for the higher-priced iPhone XR and XS Max.

Learn more about Apple and track its ongoing progress at Vista Partners Apple (AAPL) Coverage Page.

Man Standing On The Edge Of Boat

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Apple supplier Foxconn seeks to cut costs in 2019: Bloomberg

The Taiwan-based producer said in a statement it was conducting a regular annual review to budget effectively for 2019, but it was also the latest to point to concerns over demand for Apple’s flagship devices. Shares in Apple, at the heart of this week’s brutal sell-off on Wall Street, were..

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Vista Partners Inspirational Quote Of The Day Via Peter Lynch

 “THE KEY TO MAKING MONEY IN STOCKS IS NOT TO GET SCARED OUT OF THEM.” – PETER LYNCH

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Founded in 2005, Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights FREE via the Vista Partners website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive.

Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors.

Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

 

 




Pfizer Will Raise US Drug Prices in January

Pfizer (PFE)  is a leading global provider of anti-infective medicines, offering patients access to a diverse portfolio of more than 80 products.

Pfizer has announced its plan to increase U.S. prices on 41 of its medicines this January. The company had pulled back its original prices hikes this summer at the urging of President Trump. This increase would affect about 10 percent of Pfizer’s medicines.

The increase of the medicine prices is not expected to increase the company’s revenue because insurance rebates and pharmacy benefit managers are expected to offset the price hikes. Pfizer is leaving it in the hands of insurers and PBMs to make the cost of drugs more affordable.

It is not known whether other drug companies will follow Pfizer’s lead. Roche, Merck & Co, and Novartis all pledged to not raise their U.S. prices before the end of the year, just as Pfizer had.

To learn more about Pfizer (PFE) and to track its progress please visit the Vista Partners Pfizer Coverage Page.

Man And Woman Forming Heart Hand Shape

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Pfizer to raise US drug prices in January after previously backing down

Pfizer Inc said on Friday that it plans to hike U.S. prices on 41 of its medicines in January, after walking back its previous planned price increases this summer under pressure from President Donald Trump. Pfizer said it would raise the list price of most of the drugs by 5 percent, while prices..

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Vista Partners Inspirational Quote Of The Day Via Henry Ford

“When everything seems to be going against you, remember that the airplane takes off against the wind, not with it.” – Henry Ford

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Founded in 2005, Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights FREE via the Vista Partners website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive.

Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors.

Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

 

 




“Vista’s View – A Weekly FREE Market Update 11-24-18″…Now Available!

Vista Partners has published “Vista’s View – A Weekly Market Update Newsletter 11-24-18!”  Each weekly newsletter is written by Vista Partners’ Managing Director, John Heerdink.   Vista’s View includes an exclusive view on the stock market for the week, a “Stocks To Watch” section, featured stories that span from the Dow 30, select emerging growth companies, investing basics & exciting videos from Vista’s Coverage Universe and beyond.

Vista Covers all Dow 30 components, International Companies, Select Emerging Growth Companies & more on the website daily.

 Download the latest Exclusive FREE Newsletter at the Vista Partners’ Newsletters Page Now.  It’s FREE!!!

Stay Informed! Stay Competitive!  Receive our FREE emial updates by signing up today in just  few seconds!

 

 

 

 

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

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Walmart Reports Q3 Earnings & Results

Wal-mart Stores, Inc. (WMT)  is a worldwide retailer that operates in various formats.  The three segments of the company include Wal-mart U.S., Wal-mart International, and Sam’s Club.  The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites.

Walmart recently reported its quarter three earnings of $1.08 per share, beating the estimates that called for $1.059 per share. Total revenue for the company increasing 1.4% to $124.9 billion. Comparable sales increased 3.4% during the period.

Walmart U.S. continues its omnichannel progress with grocery pickup now available in 2,100 of its locations, and delivery available in almost 600 locations.

We have momentum in the business as we execute our plan and benefit from a favorable economic environment in the U.S. We’re accelerating innovation and utilizing technology to shape the future of retail. We’re making shopping at Walmart faster and easier. Our associates are equipped with the tools to serve customers better than ever before, and they’re doing a great job. With the holidays approaching, customers can count on Walmart to save them money, and we’ll also provide busy families with another important gift- time back in their day.” – Doug McMillon, President and CEO

To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page.

Golden Gate Bridge, San Francisco

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Walmart U.S. Q3 comp sales(1) grew 3.4% and Walmart U.S. eCommerce sales grew 43%, Q3 GAAP EPS of $0.58

Total revenue was $124.9 billion, an increase of $1.7 billion, or 1.4%. Excluding currency2, total revenue was $126.1 billion, an increase of $2.9 billion, or 2.4%.Walmart U.S. comp sales1 increased…..

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“Clawing Back” – Vista Partners Daily Market Recap 11/21/2018

US stocks attempted to claw their way back up on Wednesday after suffering stark losses in this week’s previous sessions. The Nasdaq managed to gain 0.92% (63.43 points) while the S&P 500 notched an increase of 0.3% (8.04 points). Despite rallying 200 points at its high during intraday trading, the Dow ended the day with nearly no change (it was down less than 1 point).

Individually, components of the Dow were mixed today. Johnson & Johnson (JNJ) saw the greatest losses by a significant margin with a decline of 3.05%. Apple (AAPL) was down 0.11%, but declines were not nearly as steep as the previous two days. NIKE (NKE) saw the largest gains of any company in the index today with an increase of 1.76%.

Atossa Genetics (ATOS) wasn’t quite as lucky, its shares slipped 5.51% by market close.

With the recent downturn in the market, several people have the new expectation that the Fed will scratch its plan to hike rates again in December. Jan Hatzius of Goldman Sachs doesn’t see this as likely. She noted that unless other financial conditions crumble, the probability of the Fed changing course is slim.

Hatzius wrote, “We expect the Fed to hike at the December meeting despite the recent stock market decline, with a subjective probability of 90%. Subsequent moves will depend on the data, but our baseline forecast remains four more hikes in 2019 with risks that are broadly balanced.”

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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S&P 500, Nasdaq close higher

Both the S&P 500 and Dow are still negative for the year-to-date…

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