Morning lads,
It seems futures are marginally lower this morning, a grave sin and crime, especially since our Royal Highness, Donald Trump, wants more.
The Stock Market has been creating tremendous benefits for our country in the form of not only Record Setting Stock Prices, but present and future Jobs, Jobs, Jobs. Seven TRILLION dollars of value created since our big election win!
— Donald J. Trump (@realDonaldTrump) January 7, 2018
All of the jobs, JOBS, JOBS are wonderful, and also delightful. Right now, as a matter of fact, I have three jobs — all paying me very fine wages. I’ve been on a steady champagne diet since the beginning of 2017 and have sustained myself on very expensive sushi and aged sake during 2018. It’s very important that we, as subjects of his royal highness, thank him on a regular basis for creating such greatness in America. By all accounts, he is a very smart and stable genius and should be regarded as such.
I’m watching oil closely and of course the crypto proxy space. The press release Gods are toiling away at the Devils Press, eagerly spitting out new crypto pressers — sending shares zooming higher, upwards of 300% per story. This truly is a blue horseshoe environment and if you’re not playing this decadence, you’re a fucking idiot.
To that end, cryptos are lower this morning — so we might see a little profit taking in the sector.
Here’s some other news for your pleasure.
KLA-Tencor downgrade details — to Buy at Needham; tgt $130 (
Applied Materials upgrade details — to Strong Buy at Needham; tgt raised to $72
Wingstop provides prelim FY17 sales of $1.1 bln (+14% y/y) vs. consensus of $1.05 bln
Energous announces first WattUp-enabled consumer products available via pre-sales at CES 2018
Chico’s FAS raises Q4 comps guidance; reaffirms gross margin
GrubHub downgraded to Neutral from Outperform at Wedbush
Lazard upgraded to Buy from Neutral at Goldman
Caterpillar upgraded to Overweight from Neutral at JP Morgan
Nice morning for Rick ROSS, ya dig that?