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North Korea Leader Warrants Your Attention, Silly Investor
North Korea fires its latest missive toward Donald Trump. It's now time to wonder if the stock market will react more harshly than its response to recent tense exchanges between the two countries.
The stock market is barely reacting to the latest war of words between the two countries. Interestingly, that seems to be how the market is taking this increasingly disturbing situation -- it just doesn't give a damn.
In the minds of investors, they only see a few things: (1) cash-rich companies willing to plow, (2) rising prospects of Trump securing tax reform within the next 12 months; and (3) a desire by companies to chop costs right down to the bone to save a few pennies.
Smooth sailing in the mind of the market.
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IPhone Disappointment Hammers Suppliers
Apple Inc.âs latest products are getting a thumbs down, at least by investors in the companyâs Asian suppliers.
The companies which assembles the iPhone and other Apple devices, has fallen.
Taiwanâs $1.1 trillion equity market is particularly exposed to the swinging fortunes of Apple products, due to the dominance of parts manufacturers.
Orders of the new IPhone have disappointed the market and foreign investors may continue net selling stocks.
Overseas investors pulled a net $677 million from foreign stock markets last week, the biggest outflows in months.
Apple iPhone 8 pre-orders are "substantially lower" than iPhone 7 and iPhone 6 levels.
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Do you know that NASCAR drivers used to sit in their cars during the national anthem before races?
It was just 20 years ago that NASCAR drivers didnât stand for the anthem. They spent pre-race ceremonies strapped in their cars.
While the First Amendment protects people who protest during the anthem from being punished by Trump or the United States government, consequences from an employer are another matter.
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Steph Curry Sneakers Might Save Under Armour's Year
Keybanc believes the new Steph Curry shoes set to debut October 17 could act as a catalyst for improved growth, citing positive feedback of the sneakers.
Shares of Under Armour (UAA - Get Report) were climbing in pre-market trading on Monday after analysts at Keybanc upgraded the athletic apparel retailer's stock to "Overweight" from "Sector Weight" with a $20 price target.
The firm's bullish call on Under Armour is predicated on the recent appointment of Patrik Frisk, the former CEO of the footwear company Aldo, as its new COO and "a renewed focus on improving financial performance" in the near-term.
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There you have it folks, check back again tomorrow as we PROMISE to offer more news and tips that should be beneficial to you.
See you then.
.
Kind regards,
Kevin Smith
Chief Editor, Market Rising
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