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Friday November 17: Five things the markets are talking about

The mighty U.S dollar begins the last trading session on the back foot against most of its major peers as a probe into Russian influence on the 2016 U.S election is said to have deepened.

Note: Special Counsel Robert Mueller is said to have served Trump's election campaign a subpoena in mid-October – this suggests that his ongoing criminal investigation is aggressively pursuing links between campaign officials and Russia.

Elsewhere, global equities have produced some mixed results overnight as the EUR (€1.1796) strengthened.

stock investor: FibroGen, Inc(FGEN)

Advisors’ Opinion:


    The Good

    The market remains resistant (Rs over Ss and Ns). Brokerages, banks and insurance companies continue their league-leading strength. The Russell 2000 Index is up for the 15th consecutive day. Retail extends yesterday’s strength. Nordstrom (JWN) , Macy’s (M) , Best Buy (BBY) , Target (TGT) , Walmart (WMT) , Foot Locker (FL) and JCPenney (JCP) are strong. First day down for Amazon (AMZN) . Agricultural commodities are lackluster, but soybeans are up another up $0.05 today, up substantially for three days in a row. Speculative biotech (Sage (SAGE) , FibroGen (FGEN) , Acadia Pharmaceuticals (ACAD) and Aerie Pharmaceuticals  (AERI) ) stronger after recent weakness. Ag equipment up big time after the Deere (DE) beat.

    The Bad

stock investor: Shake Shack, Inc.(SHAK)

Advisors’ Opinion:

  • [By Peter Graham]

    Small cap New York City based burger stock Shake Shack Inc (NYSE: SHAK) reportedQ2 2017 earnings after the market closed Thursday. Before earnings were reported, Barrons noted thatthere were twice as many rainy days in the Northeast (where most of Shake Shacks locations are) as there were a year ago and more than half of the burger chains restaurants in New York have outdoor seating.

  • [By Peter Graham]

    The Q4 2016 earnings report for small cap New York City based burger stock Shake Shack Inc (NYSE: SHAK) is scheduled for after the market closes onWednesday (March 1st). Shake Shack did have a sizzling IPO back in January 2015, but there was also talk ofpeak burger given the Habit Restaurants Inc (NASDAQ: HABT) IPO around the same time and the presence of other burger stocks. Buckinghams John Zolidis recently wrote thatdespite its growth potential, Shake Shacks high valuation means that the stock requires near-flawless execution. The Company alsorecently appointed Zach Koff to serve as its first COO andannounced that Jeff Uttz will retire as CFO in 2017.

  • [By Dan Caplinger]

    Rather than panicking, investors seemed to take the stance as a positive sign that the U.S. economy is ready for at least slightly less accommodative monetary policy going forward. Yet some stocks suffered sharp declines, and Shake Shack (NYSE:SHAK), Fred’s (NASDAQ:FRED), and Seadrill (NYSE:SDRL) were among the worst performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so poorly.

stock investor: Halliburton Company(HAL)

Advisors’ Opinion:

  • [By Ben Levisohn]

    When Weatherford International (WFT) announced that it had named Halliburton (HAL) CFO Mark McCollumits new CEO, its shares jumped as some observers contended itincreased the odds of an acquisition by the oil-services giant. It looks like they picked the wrong oil-services giant, however, as Weatherford and Schlumberger (SLB) announced a joint venture late Friday, one that has sent Weatherford’s shares soaring and earned it an upgrade from Wells Fargo analystsJudson Bailey andColeman Sullivan. They explain why:

  • [By Lee Jackson]

    These companies also reported insider buying last week: Apache Corp. (NYSE: APA), Halliburton Co. (NYSE: HAL), Revlon Inc. (NYSE: REV), Valeant Pharmaceuticals International Inc. (NYSE: VRX) and U.S. Steel Corp. (NYSE: X).

  • [By Lisa Levin]

    Halliburton Company (NYSE: HAL) reported stronger-than-expected profit for its third quarter on Monday.

    Halliburton posted quarterly adjusted earnings of $0.42 per share on revenue of $5.44 billion. However, analysts expected earnings of $0.37 per share on revenue of $5.35 billion.

stock investor: TravelCenters of America LLC(TA)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Monday, energy shares dipped by 0.70 percent. Meanwhile, top losers in the sector included TravelCenters of America LLC (NYSE: TA), down 18 percent, and Alon USA Energy, Inc. (NYSE: ALJ), down 8 percent.

stock investor: SPDR Blmbg Barclays Intl Trs Bd ETF (BWX)

Advisors’ Opinion:

  • [By Todd Shriber, ETF Professor]

    DWFI also holds the SPDR Barclays Emerging Markets Local Bond ETF (NYSE: EBND), SPDR Barclays International Treasury Bond ETF (NYSE: BWX) and the SPDR Barclays Intermediate Term Corporate Bond ETF (NYSE: ITR).

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