There’s a lot of anger out there.
Anger directed at multinational corporations. Anger at politicians who betray their campaign promises. Anger at global elites with billions in the bank.
Rising popular discontent will be on the agenda this week as the world’s richest and most powerful people make their annual pilgrimage to Davos for the World Economic Forum.
This year, the principles long promoted by conference participants — globalization, free trade, working together to solve problems — face a multitude of threats. Brexit looms, and so does the presidency of Donald Trump. The Netherlands, France and Germany all face elections in 2017.
Will Davos produce any answers? Interviews conducted in the United States, Britain, Germany and Italy show that the public have little faith in globe-trotting elites to solve their problems. And this conference high in the Swiss Alps? Few have even heard of it.
Here’s what everyday people had to say about Davos 2017:
Top Safest Stocks To Own For 2018: Allot Communications Ltd.(ALLT)
- [By Lisa Levin]
Telecommunications services shares gained around 0.98 percent in trading on Thursday. Meanwhile, top gainers in the sector included Telefonica S.A. (ADR) (NYSE: TEF), and Allot Communications Ltd (NASDAQ: ALLT).
Top Safest Stocks To Own For 2018: Expeditors International of Washington, Inc.(EXPD)
- [By Monica Gerson]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Friday's regular session.
PACCAR Inc (NASDAQ: PCAR) Aug16 52.5 Puts: 10000 @ ASK $1.70: 10k traded vs 335 OI: Earnings 7/26 $54.94 Ref
Regeneron Pharmaceuticals Inc (NASDAQ: REGN) Jul16 345 Puts: 949 @ ASK $8.70: 1003 traded vs 55 OI: Earnings 8/2 $360.20 Ref
NVIDIA Corporation (NASDAQ: NVDA) Fri 6/24 47.0 Puts (Wkly) Sweep: 689 @ ASK $1.12: 3758 traded vs 136 OI: Earnings 8/4 $46.69 Ref
Medivation Inc (NASDAQ: MDVN) Sep16 55.0 Puts: 4000 @ Above Ask! $3.40: 5303 traded vs 716 OI: Earnings 8/4 $59.44 Ref
Expeditors International of Washington (NASDAQ: EXPD) Aug16 47.0 Puts Sweep: 950 @ ASK $1.35: 973 traded vs 381 OI: Earnings 8/2 $48.15 Ref
Posted-In: Huge Put PurchasesNews Options Markets
Top Safest Stocks To Own For 2018: MGM Resorts International(MGM)
- [By Wayne Duggan]
Bernstein maintains Outperform ratings on Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL) and the China units of Wynn Resorts, Limited (NASDAQ: WYNN) and MGM Resorts International (NYSE: MGM).
- [By Wayne Duggan]
According to Deutsche Bank analyst Carlo Santarelli, news that Las Vegas Sands Corp. (NYSE: LVS) may be selling its Sands Bethlehem resort to MGM Resorts International (NYSE: MGM) could be a win-win-win for Sands, MGM and MGM Growth Properties LLC (NYSE: MGP).
- [By Rich Duprey]
The big casinos certainly want to spend big. Las Vegas Sands (NYSE:LVS) says a new integrated resort in Japan will cost anywhere from $6 billion to $10 billion, two to three times more than it spent on building its brand new French-themed Parisian resort in Macau. MGM Resorts (NYSE:MGM) says it, too, could spend $10 billion for a new casino in Japan, quadruple the cost of its MGM Cotai that’s scheduled to open later this year. Wynn Resorts (NASDAQ:WYNN) hasn’t put a price tag on it yet, though it spent over $4 billion to open the Palace in Macau last August, but CEO Steve Wynn says the opportunity is “thoroughly delicious.”
- [By Travis Hoium]
MGM Resorts (NYSE:MGM) has also taken a fairly aggressive approach to Japan, releasing renderings of what its casino might look like in Osaka. And given the company’s renewed financial health, it’s possible it would be a good bet to win a gaming concession.
- [By Ben Levisohn]
With companies like Under Armour (UAA), MGM Resorts International (MGM), andUnited Parcel Service (UPS) reporting tomorrow, we thought we’d get a jump start on the stocks moving after today’s close:
Top Safest Stocks To Own For 2018: Intersil Corporation(ISIL)
- [By Scott Rubin]
Big gainers on the day included Intersil Corp (NASDAQ: ISIL), which jumped 20 percent on news of a buyout, and Medivation (NASDAQ: MDVN), which added 20 percent on a deal with Pfizer (NYSE: PFE) related to its cancer drug. Cotiviti Holdings Inc (NYSE: COTV) lost around 9 percent in the wake of a mid-day sell-off and Marathon Oil Corporation (NYSE: MRO) fell 7 percent in the wake of a management shakeup.
Top Safest Stocks To Own For 2018: Yahoo! Inc.(YHOO)
- [By WWW.KIPLINGER.COM]
As much as traditional telecommunications is a poky business, VZ is making some interesting moves. Most famously it recently acquired the core properties of Yahoo! Inc. (YHOO) to drive new revenue streams and position itself for the future. And a little further back, Verizon acquired AOL.
- [By Vikram Nagarkar]
When you think of tech companies which rejected buyout offers, quite a few not so great stories come to mind. Starting with Yahoo (NSDQ:YHOO), whichrejectedMicrosoft’s (NSDQ:MSFT)$44.6 billion offer, to Groupon (NSDQ:GRPN), which shunned Google’s $6 billion buyout offer, many similar decisions have proven to be bad ones in hindsight. Snapchat is one of those few exceptions that have lived to tell the tale. At least for now. However, Facebookseems rather determined to leave no stone unturned in its fight against Snapchat.
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was Yahoo! Inc. (NASDAQ: YHOO), which rose over 10% to $55.74. The stocks 52-week range is $35.05 to $55.90. Volume was over 54 million on the day compared to the average of 8.2 million.
- [By Anders Bylund]
Tuesday night, online information portal Yahoo! (NASDAQ:YHOO) reported results for the first quarter of fiscal year 2017. Here’s what you need to know.
- [By WWW.THESTREET.COM]
Alphabet’s (GOOGL) Waymo has hired Tekedra Mawakana as its new VP of public policy and government affairs, according to Recode.
The hire illustrates the company preparing for a legal war against Uber regarding autonomous vehicles, and for policy battles regarding government affairs with Washington and around the country.
“As we take fully self-driving cars to the roads, Tekedra will work with policymakers at all levels to realize the enormous safety, mobility and economic benefits of this technology,” CEO of Waymo John Krafcik said in a statement to Recode on Monday.
Mawakana has previously served as VP of global government relations at eBay (EBAY) , Yahoo’s! (YHOO) deputy general counsel and has held policy positions over the course of about a dozen years at AOL.
(Alphabet is a core holding in Jim Cramer’s charitable trust Action Alerts PLUS. See all of his holding with a free trial here. )