Top News Stories For November 13 2017

The day’s top news stories from stocks on the GuerillaStockTrading watch list.
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Apollo Global Management Crushes Earnings and Revenue Estimates!

Apollo Global Management destroyed earnings and revenue estimates! This is a beast of a company that should be accumulated on pullbacks.

Apollo Global Management, LLC reported EPS of $1.07 versus the estimate of $0.56. Revenue also crushed it coming in at $645.20 million versus the $467.72 million estimate. Revenue was up an impressive 31% year-over-year. For a company the size of Apollo Global Management, that’s an amazing revenue growth rate!
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First Bancshares Upgraded by Zacks Investment Research

First Bancshares has 3 insider buys in recent days after announcing the purchase of Alabama Bank. Zacks upgraded the stock to a Buy rating today.

First Bancshares stock was upgraded by analysts at Zacks Investment Research from a Hold rating to a Buy rating. They now have a $35 price target on the stock which represents 9.7% upside from the previous close of $31.90.
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TriplePoint Venture Growth Gets $22 Million Investment From Goldman Sachs

TriplePoint Venture Growth BDC Corp. announced that certain investment funds managed by Goldman Sachs Asset Management purchased 1,594,007 shares of TPVG’s common stock in a private placement transaction at a purchase price of $13.54 per share, resulting in approximately $21.6 million of net proceeds. In addition, Goldman Sachs has agreed to purchase up to an additional 200,000 shares of TPVG’s common stock immediately following the additional issuance of shares of TPVG’s common stock in a registered offering or private placement.
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Assured Guaranty Oversold, Gets Buy Rating From MKM Partners

Assured Guaranty looks like an awesome oversold setup on the chart with MKM Partners giving the stock a Buy rating on October 5, 2017.

Assured Guaranty provides credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
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Dodd Frank Wall Street Reform and Consumer Protection Act Repeal Through House

The Dodd Frank Wall Street Reform and Consumer Protection Act took a hit this week after the House passes a bill that guts many parts.

The House passed a bill called the Financial Choice Act that would allow banks to opt out of some regulations if they hold enough capital and would repeal the Volcker rule that barred banks from speculative trading.

One key component of the bill that I like is that banks will no longer be bailed out with tax payers funds as they will be forced to go through bankruptcy like any other industry.

Repeal the Dodd Frank Wall Street Reform and Consumer Protection Act

President Trump promised to repeal the Dodd Frank Wall Street Reform and Consumer Protection Act because it’s bad for business and in particular for small banks.

One of the original authors of the legislation, Jeb Hensarling (Republican from Texas) said Dodd Frank is a major factor in limiting GDP growth in the wake of the financial crisis.

Banking stocks are surging higher on news of the House bill but most see little chance of it passing in the Senate. Still, stock traders figure that even a watered down Senate version is better than what we currently have.

Economic News: Economy is Rapidly Slowing

In an economic news report posted on YouTube (link above) by X22 Report, it cites how the average Millennial has less than $1,000 saved to buy a home. Not only do I think that’s true, I would add that the average Millennial has zero money saved for retirement.

Economic News Forecasts Recession

Most younger people have low paying service sector jobs like McDonald’s or Carl’s Junior, and most are dealing with student loan debt.

X22 Report says that the economy has already entered into a recession and is on the verge of a complete collapse.

Please keep in mind that the X22 Report is a perma-bear YouTube channel and they make money off of doomsday preppers and pitching gold and silver. They operate in the alternative news niche and so understand the alternative news industry. Don’t go bipolar and go out and short the market just yet. Nevertheless, it’s good to listen to the bearish perspective to balance against the bull perspective of the mainstream financial media.

Stock Market Forecast For Week of December 19 2016

A weekly Saturday night financial show that attempts to predict market direction for the week ahead by looking at a variety of technical and fundamental indicators. This week’s show includes commentary on the Fed’s first and only rate hike in 2016, Eli Lilly’s long-acting Basal Insulin that’s now available in the US, takeover rumors circulating about Qorvo, Protalix Biotherapeutics $24 million order to treat Gaucher patients in Brazil, the FDA approval of Vericel’s Maci for the repair of cartilage defects of the knee, Silicon Motion’s supplying of SSD solutions to the Alibaba Group, and more.

Pharmaceutical Drug Pricing

Pharmaceutical drug pricing is all over the mainstream financial media right now. Let’s examine the macroeconomics of what is happening.

The demand for pharmaceutical drugs is inelastic. People that need a pharmaceutical drug prescribed by their doctor will demand that drug regardless of price. As the price of the drug goes up, demand mostly stays the same.
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With So Much Debt In the US Economy, Is It Even Possible To Grow Faster?

The US national debt just broke above $19.5 trillion. Both Democrats and Republicans are to blame, but it is important to note that President Obama and Democrats increased the national debt more than all President’s before combined.
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