iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,417 Blog Posts

Morning Poppers (MOAR Gains Edition)

Trump getting back into TPP, or threatening to do so, is another flaccid attempt at sticking it to the Chinese. The idea behind the TPP is to fuck over and screw China — an conglomerate of Asian nations banding together to fight the good fight. Yesterday the President attempted to fribble away at US-Chinese relations by declaring China a currency manipulator, when it fact the Chinese have been using their reserves to prop up its currency. The ignorance and incompetency of the ruling class is somewhat startling. Net-net, it’s a good thing to push back against Chinese trade dominance and maybe we can get a ‘better deal’ — but it doesn’t address any structural issues — which is a business culture contemptuous of a domestic work force in favor for the lowest wage. I suspect that is something that cannot be fixed and we will continue to see productivity losses, as the populous becomes disenfranchised and subjugated to a social order without upward mobility.

Dow futures are mobile, +240 — which is a stark reminder to those of you stuck in the amber of the middle’d class: this is your only way out. Invest wisely, do not fall victim to consumerism, marry smartly, and you might be able to create a legacy worth talking about and a bloodline that could be productive members of society.

It’s worth noting, crude is flat.

Here are some other headlines.

O’Reilly Auto downgraded to Neutral from Buy at Guggenheim
Xcerra upgraded to Buy at Needham; tgt $16
Methanex target raised to $75 at Cowen
Twitter upgraded to Equal-Weight from Underweight at Morgan Stanley
ROKU +8.4% (ESPN+ direct-to-consumer subscription streaming service now available on Roku devices; Point72 Asset Management disclosed 5.1% passive stake)
PUMP +6.3% (to join S&P SmallCap 600)
Stifel raises their NFLX tgt to $345 from $325
Merck upgraded to Overweight from Equal-Weight at Morgan Stanley
Lazard upgraded to Buy from Neutral at BofA/Merrill
Goldman Sachs beats by $1.38, beats on revs; raises quarterly dividend 6.7% to $0.80/share
Dollar General upgraded to Overweight from Neutral at JP Morgan
Chesapeake Energy downgraded to Sell from Neutral at Citigroup
Johnson & Johnson beats by $0.06, beats on revs; reaffirms FY18 EPS guidance, raises FY18 revs guidance

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27 comments

  1. dragun

    unfortunately, these bloodlines you speak of have become fat and lazy not actually producing anything.

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    • infinitezuul

      Actually, many of the refugees flooding into Europe are not fat. Lazy, sure. Unproductive, sure. You may even say those two qualities contribute to their malnutrition.

      But they are not fat, sir. I will not give you that.

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      • dragun

        are we reading the same post? has nothing to do with refugees Fly talking about creating a legacy.

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    • Lyndon Keltner

      Here’s a living, breathing proof that Trump rally attendees have superior bloodlines:

      https://twitter.com/kylegriffin1/status/960605261420548096

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      • Lyndon Keltner

        I rarely mock people’s appearances but I figured it’s become acceptable since the president set a *strong* (his favorite adjective) example.

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  2. infinitezuul

    Thank God for President Donald Trump.

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  3. sarcrilege

    The idea behind the TPP is to fuck over and screw everybody equally, not just China.

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    • figesmalls

      Fly, that was probably the best advice you gave. Reinforces my belief in the website in spite of the neo-Nazis here.

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      • infinitezuul

        When everyone is a Neo Nazi, nobody is. Dangerous game.

        Regards,

        IZ

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  4. Lyndon Keltner

    The /ES is a screaming short circa 2700 and above for at least 10 whole points of profit by the afternoon.

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  5. traderconfessions
    traderconfessions

    Got missiles? Fly? Sac? Ha Ha…

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  6. heckler

    Turns out Sean Hannity is a fake corrupt ass munching dick smuggler.

    Who knew?!

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    • sarcrilege

      Who knew the filthy marxists would always go after and destroy journos who dare to stray away from the propaganda script handed out to the corrupt MSM?

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    • juice

      not nearly the nearly the fake corrupt ass munching dick smuggler as John Hardwood, for but one example.

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  7. acehood

    Great advice from Fly! Worthy of printing out, framing and hanging above the 65 inch OLED teevee.

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  8. ferd

    SOHR affirms there was no gas attack in Syria.

    “Though outlets from The Guardian to The Washington Post to The New York Times have quoted SOHR on a near daily basis throughout the past six years of war, the anti-Assad opposition outlet’s reporting of mass asphyxiation due to collapse of shelters has been notably absent from the same publications.”

    Never forget how you were and are being systematically lied to by our media …bringing us into potential conflict with Russia, as well as Iran/Syria. What is the agenda?

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    • juice

      the outright lies and manipulations coming out of the behind the scenes string-pullers, who feed their lap-dogs in the media, to continually repeat it so often until it penetrates the consciousness of the sheeple, so when the truth is finally told, they are numb to it

      everyday more and more lies, as you say, possibly bringing the planet to the brink of annihilation … and fiddlers like frog, heckler, trader confessions are all too happy to lap it up and spread it

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  9. heckler

    Right but nothing to see here regarding the white collar crimes of the trump org and the swampiest swamp ass ever. End game is near boys.

    I can finally see the light again

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    • juice

      you can see the white collar crimes and the swamp but you can’t see that it’s been like this for a looooooong time … decades in fact

      you should thank Trump for making the whole thing clear as day

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  10. heckler

    Brought down by a buckled-ass gross as fuck porn star with dumpy tits and a real lawyer

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    • juice

      keep dreaming … she ain’t gonna bring him down

      although she has a better chance than all the fake Russia collusion deception, but being a better chance than zero ain’t saying much

      back to the Trump-impeachment drawing board for you & the Deep State

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      • heckler

        Dude the only thing that trump is consistent on is slurping Putin’s dick and rubbing his balls

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        • juice

          not nearly as consistent as your fantasy of Trump slurping Putin’s dick while rubbing his balls

          to each, their own fantasy .. all the power to ya, hon

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