What We’re Reading: This week News
We like to stay on top of the news. Here are some of the investing and stock market news articles we read this week. If you read something interesting too, share it! Email me at ariel@ibillionaire.com
Market News
- Trade-war tracker: Here are the new levies, imposed and threatened: As rhetoric on global trade ratchets higher, here’s a look at what new tariffs have been imposed and what has been threatened this year.
- Six factors to watch as the bull market pushes itself toward an endurance record: In less than three weeks, the stock market is likely to make history as the longest bull market on record.
- S&P 500’s Dependence on FANG Stocks Grows as Record Nears: Chart: The FANG stocks and their peers largely explain why the S&P 500 Index is flirting with records again. Facebook Inc., Amazon.com Inc., Netflix Inc. and Google’s parent, Alphabet Inc., combined with Microsoft Corp. and Apple Inc. to account for 38 percent of the S&P 500’s gain from a Feb. 8 low to Wednesday, according to data compiled by Bloomberg.
Stock News
- Tesla (TSLA) is being probed by SEC over Elon Musk’s announcement to go private, says the report: Elon Musk’s announcement that he is planning to take Tesla private, has taken many by surprise and it is reportedly not sitting well with the SEC. “Am considering taking Tesla private at $420. Funding Secured.”
- Apple is now a $1 trillion company: Apple has become the first US company with a market cap of over $1 trillion. This follows a jump in its stock after reporting strong Q3 earnings that saw the iPhone maker surpass both its own projections and analysts’ estimates, while also making a strong forecast for its upcoming Q4 earnings.
- Third Point’s Loeb pushes Campbell Soup to find a buyer: The hedge fund recently acquired a 5.65 percent stake in Campbell, according to a securities filing. The activist is planning to team up with shareholder George Strawbridge, a family member of the founder, to call for the sale, the filing said.
- Yelp shares soar 27% as online review site beats profit expectations: The company’s shares closed up 27 percent Thursday, a day after it posted second-quarter earnings-per-share of 12 cents versus the 1 cent Thomson Reuters consensus.
