THE STOCK TO BUY



Everyday PremierCity publishes its choice picking one sole security to buy or to sell. The decision results from the consensus made of the aggregation of multiple choices added from the 100 most important editing financial reviews.

Today the selected stock is ****



DATAS OF THE DAY


Chinese shoppers spend a record $25bn in Singles Day splurge

Four times bigger than Black Friday and Cyber Monday, the biggest shopping day in the US calendar

Shoppers have spent more than $25bn (168.2bn yuan) during China’s annual Singles Day, smashing previous records for the world’s largest retail event.

Single’s Day, promoted annually by Chinese e-commerce giant Alibaba and held on 11 November, was supposedly started by bachelor university students in the 1990s who bought themselves presents as a kind of anti-Valentine’s day. The date 11/11 was chosen for its collection of lonely ones.

Companies offer deep discounts for a range of products sold during the 24-hour period. But some deals have limits, such as the first 33 customers who had the chance to purchase a lifetime supply of the Chinese spirit baijiu for just 1,111 yuan (£1,275).

The New Bear Market In Oil

U.S. shale production is skyrocketing

WTI dipped below $60 per barrel in early trading on Friday, the lowest price level in nearly a year. With prices down more than 20 percent from the October peak, WTI is now officially in a bear market.

Many of the factors that conspired to push oil prices up in recent months have all seemed to reverse course at exactly the same time.

First, U.S. shale production is skyrocketing. The EIA reported an unbelievable increase of 400,000 bpd in U.S. oil production in the first week of November, pushing output up to 11.6 million barrels per day (mb/d). The agency rounds off weekly estimates to the nearest hundred thousand barrels, somewhat obscuring the trajectory of growth, but the huge increase is notable by any standard.

Are blockchain and bitcoin scams?

Economist Nouriel Rubini : bitcoin and blockchain represent a significant threat

The economist who predicted the 2008 financial collapse has been telling congressional leaders that bitcoin and blockchain represent a significant threat to the stability of the financial marketplace. But he’s getting pushback. Today, Roubini doubled down on his claims in a column published on CNBC.com in which he said blockchain has promised to cure the world’s ills through decentralization but is “just a ruse to separate retail investors from their hard-earned real money.”

Blockchain, which can be used to create a decentralized, permissioned electronic ledger for all kinds of business transactions, “has not even improved upon the standard electronic spreadsheet, which was invented in 1979,” Roubini wrote in the  op-ed column.

Tariffs on Chinese goods have a real impact

US imports of Chinese goods listed in the initial $34 billion of tariffs have fallen by 30%

Research from UBS shows President Trump’s tariffs on Chinese goods are having a material effect on US-China trade. The analysts reviewed US import data for $34 billion of products that fell within the first tranche of US tariffs on July 6. And the decline has been “sharp and unambiguous”.

“The modest uptick in September data, however, gives us hope that the adjustment period for these imports has now drawn to an end,” UBS said. It was a similar story for products in the second tranche of tariffs on an additional $US16 billion worth of goods, which was implemented on August 23. US imports of those products fell by 32% in August and September. However, the figure is overstated because imports of those items jumped in July.

Democrats take control of the House of Representatives in the midterm elections

What the split Congress means for Trump’s economy

As Democrats are projected to take control of the U.S. House of Representatives, some investors may find investing in the United States a less appealing proposition, according to one strategist.

The liberal party appeared to have won control of Congress’s lower chamber during Tuesday’s election, marking a triumph that gives the Democrats real levers of power to check President Donald Trump and GOP lawmakers. Experts told CNBC that markets will be looking to see how if at all the elections could affect America’s foreign policy — particularly regarding the trade war with China — but shifts to the nation’s domestic policy will also be of interest to investors around the world.

UK would vote to remain in EU by majority of 54% to 46%

Brexit second referendum: New Large Poll

For Channel 4’s live programme on Monday night “Brexit: What The Nation Really Thinks” the polling company Survation interviewed 20,000 people online across every constituency in the UK from October 20th – November 2nd. The biggest independent survey of its kind on Brexit.

Data from the survey was used to drive a powerful Multi-level and post-stratification model to predict the result of an in/our referendum on the UK’s membership of the European Union. This MRP technique has previously been used to successfully predict the outcome of the 2017 General Election and the 2016 EU Referendum. From the predictions from this model, we can see how public opinion has shifted across the UK since the 2016 EU referendum.

Using this technique, we now estimate that the UK would vote to remain in the EU by a majority of 54% to 46% and that 105 local authorities in the UK that saw a majority of voters vote leave in 2016 would now vote Remain. This includes Birmingham, from where Channel 4’s show is broadcasting live, which voted 50.4% in favour of leave in 2016 but which is now predicted to vote 41.8% leave.

Are Amazon, Facebook and Google violating antitrust laws?

Trump administration is scrutinizing Amazon, Facebook and Google

In an interview with Axios’ Jonathan Swan and Jim VandeHei on the news site’s premiere HBO show Sunday night, Trump said the European Union’s $5 billion fine against Google made him consider pursuing regulation.

“You look at the European Union, they fined I guess it was Google, billions of dollars, and frankly I don’t like that they’re doing that because that’s an American company,” Trump said. “I don’t think it’s good that they’re doing that. But if anybody does that, it should be us doing it.”

Swan asked if Trump would direct the Justice Department to look into the company as a monopoly, and Trump responded it was “certainly something we’re looking at.”

The wealth of America’s three richest families grew by 6,000% since 1982

Jeff Bezos, Bill Gates and Warren Buffett now have as much wealth as half of the US population combined

Three US families have a combined wealth of $348.7bn. As their generations expand, we are are drifting toward a society governed by the rich. It hardly makes news any more that the US is becoming an extremely unequal country.

Each year new eye-popping statistics juxtapose the reality of decades of stagnant wages for half the country’s workers with today’s extreme concentrations of wealth and power.

Robust earnings boost equity markets

October, brutal month

Robust corporate results helped world stock markets surge on Wednesday, bringing some relief to jittery investors after a brutal October sank equities with one of their worst drops since the financial crisis 10 years ago.

Strong earnings reports in the United States and Europe spurred a broad rally, despite data showing that China’s factory growth slowed to its lowest in two years. Investors rushed into the U.S. dollar, sending it to a 16-month high while the offshore Chinese yuan languished at a 22-month low.

The MSCI world equity index, which tracks shares in 47 countries, rose 1.3 percent, but remains down 7.3 percent in October, its biggest monthly decline since 2012. The index has dropped approximately 11 percent from all-time highs hit in January.

https://www.reuters.com/

JP Morgan’s stock strategist predicts a rally in the end of the year

After the october plunge

The investors who helped pull the market down during the October plunge could be the same ones who fuel a rally into the end of the year, according to J.P. Morgan Chase strategist Marko Kolanovic.

With markets hovering around technical correction levels, Kolanovic notes that hedge funds went from their record-high long positions in September to the highest level of bets against the market since 2015 in October. Managers who rebalance their portfolios monthly are at their shortest levels since February 2009, just before a market bottom that led to the longest bull run in history.

http://www.cnbc.com

The rise of the hydrogen-electric truck

$11 billion preorders

Nikola Motor Company is welcoming everyone to Phoenix April 16-18, 2019 for a new blockbuster event, Nikola World. The first two days, April 16 and 17, are devoted to invite-only Nikola reservation holders, suppliers, media and investors while April 18 will be reserved for the public.

On April 16, Nikola will unveil the pre-production hydrogen electric semi-truck, 2.3 megawatt hydrogen station and the Nikola NZT 4X4. April 17 will be dedicated to demonstration drives and hydrogen filling. On April 18, the public is invited to see the latest trucks and NZT in action.

http://www.nikolamotor.com

IBM to acquire Red Hat in deal valued at $34 billion

Red Hat is a major distributor of open-source software

IBM is acquiring Red Hat, a major distributor of open-source software and technology, in a deal valued around $34 billion, the companies announced on Sunday.
According to a joint statement, IBM will pay cash to buy all shares in Red Hat at $190 each. Shares in Red Hat closed at $116.68 on Friday before the deal was announced.
The open source, enterprise software maker will become a unit of IBM’s Hybrid Cloud division, with Red Hat CEO Jim Whitehurst joining IBM’s senior management team and reporting to CEO Ginni Rometty.

http://www.cnbc.com

Amazon drops on revenue

Amazon’s stock dropped roughly 9 percent in after-hours trading

The company gave fourth-quarter revenue guidance in the range of $66.5 billion and $72.5 billion, well-below consensus of $73.79 billion. The fourth quarter is the biggest and most important sales period for Amazon because of the holidays.

The results show how Amazon could have a disappointing holiday season in its all-important fourth-quarter, as the overall business sees a slight deceleration in growth. At the same time, it highlights the growth of Amazon’s high-margin businesses, like its cloud and advertising units, that are more profitable than its core retail segment.

http://www.cnbc.com

Tesla shares soar on surprise third-quarter profit

Better-than expected car sales 

Tesla shares soared by more than 12 percent after the company reported a surprise profit for the third quarter as CEO Elon Musk made good on his promise to start turning regular profits in the last half of the year. The company’s earnings report, released after the markets closed Wednesday, also showed better-than expected car sales and a faster timeline on its Model 3 production.
The electric car maker said its midsize Model 3 sedan, which it hopes to produce on mass scale, was the best-selling car in the U.S. when measured by revenue and the fifth best-selling car in terms of volume. Musk told analysts on a call it was an “incredibly historic quarter” for the young car company. It was welcome news for investors following an otherwise a tumultuous few months.

http://finance.yahoo.com