|Bid||36.59 x 3200|
|Ask||36.65 x 1200|
|Day's Range||36.73 - 38.09|
|52 Week Range||26.19 - 44.39|
|Beta (3Y Monthly)||0.11|
|PE Ratio (TTM)||21.30|
|Earnings Date||Jul 26, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||39.87|
'Bachelorette' contestant Luke P. took to Twitter to defend his actions after Monday night’s argument-filled episode. 'The Bachelorette' airs Mondays on ABC.
Last week I met a man who mentioned a side of the #MeToo movement that does not receive as much attention as it ought to: the money side. Dan Nardello used to be a federal prosecutor in his native New York. Today he runs a global investigations agency he founded in London 16 years ago that ferrets out information on anything from a Wall Street bank to a Russian kleptocrat.
FaceApp has gone viral again with a feature that makes users look elderly, but experts say it may pose security concerns.
When Barack Obama ran for president for the last time in 2012, sweeping reform of our college financing system wasn’t even on his agenda, let alone that of his Republican opponent Mitt Romney. This cycle’s contest will likely reanimate some of the 2016 debate between Hillary Clinton and Senator Bernie Sanders, an Independent from Vermont, and their supporters and critics over whether debt-free or tuition-free college is the best way to help more students afford higher education, said Mark Huelsman, associate director of policy and research at Demos, a left-leaning think tank.
“This only goes to show what I’m saying about Iran: trouble, nothing but trouble,” the US president said, vowing to consult with his British allies on how to respond to the latest in a series of provocative incidents that have raised the spectre of war in the region. — a sanctions-led policy designed to force Tehran back to the negotiating table after the US withdrew from the Obama-era nuclear agreement with the Islamic republic last year.
in the Strait of Hormuz and said Britain’s response would be “considered and robust”. The seizure of the tanker was in retaliation for Britain’s decision to impound an Iranian tanker off the coast of Gibraltar earlier this month after it was suspected of shipping oil to Syria in violation of EU sanctions.
Facebook's (FB) second-quarter 2019 results are likely to gain from continued subscriber growth, driven by rapid adoption of Stories and Watch despite numerous controversies.
Snap (NYSE:SNAP) stock will release its earnings report on Tuesday, July 23 after the bell. Since December, SNAP stock has outperformed all but three stocks in the market as companies flocked to their ad platform and user growth returned.Source: Shutterstock Still, SNAP stock has risen to a high valuation and remains volatile. Also, if past quarters serve as an indication, earnings reports tend to inspire extreme moves in the stock. Given that reality, I would stay out of Snap going into earnings. SNAP Earnings ExpectationsWall Street expects Snap to post a loss of 10 cents per share. If SNAP stock meets earnings estimates, that would be an improvement from the same quarter last year, when the company lost 14 cents per share. Wall Street also forecasts revenues of $359.56 million. That number is 37.1% higher than the revenue figure for second quarter 2018 when the company brought in $262.26 million.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Tech Stocks That Are Still Worth Your Time (And Money) Historically, earnings reports have significantly moved the stock in previous quarters. The Q1 report led to a 6% decline in SNAP, and that was a tame reaction for this equity. SNAP earnings have usually inspired extreme reactions in previous releases. The Q4 report sent the equity higher by 22%. It also saw an 11.3% decline following Q3 2018 earnings and a 7.3% after last year's Q2 report. Snap Stock's Dramatic TurnaroundThis time last year, Snapchat looked destined to become the next MySpace. The platform could not grow its user base and could not attract beyond the teen and young adult user base. Moreover, unlike Twitter (NYSE:TWTR), it had a design vulnerable to copycats. It seemed like just about any feature that Snap launched became quickly co-opted by Facebook (NASDAQ:FB).However, the company redesigned its platform. As our own James Brumley pointed out, some users bristled, but advertisers loved the platform. Top and bottom-line growth began to turn around. In the first quarter, the company again saw growth in its user base as the active user count rose to 190 million, four million more than the previous quarter.Still, it could take a stellar earnings report to send SNAP upward. Since bottoming at $4.82 per share in December, Snap stock has nearly tripled in value.This has left SNAP stock with an elevated valuation. Consensus estimates do not forecast a profit in the foreseeable future. Also, at current prices, Snap trades at around 15.5 times sales. Consequently, many have turned either neutral or bearish on the stock. Luke Lango refers to the rally as "likely in the rear-view mirror." James Brumley claims that analysts are "turning bullish at the top."Brumley also mentions that Snapchat stock became the fourth-best performer in 2019. This earnings report could influence whether it stays in the top five. The Bottom Line on SNAP StockConsidering the history of SNAP stock, I would expect an extreme move after earnings. It also looks more likely to fall than rise. The management of Snap, Inc has finally found a way to derive significant revenue growth and a return in interest to the platform. This helps to explain why it has risen from below $5 per share to the $14.50 per share price range in seven months. * 3 Food Stocks to Buy for Fast and Big Profits However, with an elevated sales multiple and profitability still far into the future, SNAP stock looks fully priced at these levels. Given this possibility of a huge swoon, I would not want to own this equity when management announces earnings.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post Expect an Extreme Reaction in SNAP Stock Following Earnings appeared first on InvestorPlace.
Square (NYSE:SQ) stock closed trading on June 3 at $60.62. SQ stock is now trading around $80, up over 30% in six weeks.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsYou would think that, given the run Square's been on, Square stock would be trading at or near its all-time high. Nope. Not even close. SQ stock's all-time high was set in October 2018, when it reached $101.15, around 25% above its current price almost ten months later. * 10 Tech Stocks That Are Still Worth Your Time (And Money) While SQ faces headwinds and increased competition in the payments space, it is continually innovating, creating products that its customers need to compete. According to Citi analyst Peter Christiansen, Square has created 32 new products and features so far this year, one of which, Square Card, its debit card, could go a long way to reigniting its growth.As long as Square continues to innovate, I think SQ stock can test its all-time high, sometime later in 2019 or early 2020. Here's why. Square's Debit Card The launch of the Square Card in January has turned the heads of many of the analysts covering SQ stock. One of those analysts is Raymond James' John Davis, who recently upgraded Square stock from "underperform" to "market perform" based on its debit card, suggesting that the card could generate $100 million in additional revenue in 2020. The Motley Fool's Adam Levy points out that Square's subscription and services revenue only generated $600 million in revenue in its latest fiscal year. That means the $100 million boost generated by Square Card would increase this revenue stream by 17%. Square's subscription and services-based revenue grew by 125% in Q1 to $218.9 million. Now, that's a small number in comparison to its total transaction-based revenue from payment processing, which brought in $656.8 million in Q1. But its subscription and services-based revenue is a lot more profitable than its other transaction-based revenue. In Q1, its transaction-based revenue had a gross margin of 37.7%. Meanwhile, its subscription and services-based revenue's gross margin was 72.4%. As a result, the rapid growth of its subscription and services-based revenue, helped by the Square Card, will meaningfully, positive impact its bottom line. For merchants, the primary attraction of the Square Card is that it's tied directly to their point-of-sale devices, so their revenues is immediately available to pay for business expenses. In other words, they don't have to wait for the money to arrive in the bank to access it. That's cash flow 101. However, SQ also provides a 2.75% rebate to merchants who buy products with the card at any Square payment terminal. The 2.75% rebate will definitely entice many merchants to use the debit card. Merchants who use the card will be promoting SQ every time they make a purchase with it. You can't buy that kind of goodwill. Less than a year old, the Square Card is a winner. Other Analysts Are Upbeat on SQ StockAnother analyst who gave SQ stock the thumbs up was Stephan Biggar of Argus Research. Biggar initiated coverage of Square stock on July 8 with a "buy" rating and a $94 target price. Analysts tend to be very conservative with their price targets, especially when they first initiate coverage of a stock. I wouldn't be surprised to see Biggar raise his price target in 2020 on more good news from Square's debit card. The Bottom Line on SQ StockIn April 2018, I compared Square stock to Twitter (NYSE:TWTR). I wondered which was the better buy. I concluded that because SQ solves more problems than Twitter does, it was the better stock to buy. Nearly a year and a half later, I still feel that way. I believe that Square stock is one of the names that should be bought and thrown in a drawer. In ten years, investors will be amazed by its business. Innovation will continue to drive SQ stock higher. It's a buy, despite its significant gains in 2019.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post Innovation Will Continue to Drive Square Stock Higher appeared first on InvestorPlace.
Twitter (TWTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
President Donald Trump said the US has shot down an Iranian drone in the Strait of Hormuz after it threatened an American warship, adding to tensions in the critical oil shipping lane. Mr Trump said the USS Boxer took defensive action after the drone came within 1,000 yards of the amphibious assault vessel and ignored “multiple” calls to stand down. near the Strait of Hormuz and detained the crew of the “small tanker” for allegedly smuggling fuel.
Here's an earnings boost some might overlook. Some stocks, like PepsiCo and Twitter, are just a few U.S. companies that paid corporate tax rates of zero.
There's a call to regulate Amazon but it's unclear to what extent and whether it will stunt the company.
Twitter today is beginning its test of a radical and controversial change toits service with the launch of a new "Hide Replies" feature
Since early June, Square (NYSE:SQ) stock has been in the bull mode. Square stock shot from $60 to $82. But hey, so has the rest of the market. Just some of the catalysts include the expectation of lower interest rates and a truce with the U.S.-China trade war.Source: Shutterstock And yes, some Wall Street analysts are warming up to Square stock. Consider Raymond James' John Davis, who raised his rating on the shares from underperform to market perform. The main reason for this is he believes that Square's debit card is likely to see increased momentum, adding as much as $100 million to the top-line next year.No doubt, this would be a big deal.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut of course, much of the focus for SQ stock will be on the near-term. In fact, we'll get the second-quarter results on Aug. 1.So what is on tap? Well, in terms of revenues, the consensus forecast is calling for $557 million, up about 45% on a year-over-year basis. As for the bottom line, the estimate is 16 cents a share, compared to 13 cents during the same period last year. All in all, there remains quite a bit of optimism on Wall Street. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip The Square Stock Price and Other NewsDuring the quarter, there has been much activity, especially with partnerships. Here's a look at some of the notable events: * Square teamed up with the Ogden Raptors - a minor league baseball team that's part of the Los Angeles Dodgers farm system - to provide payment services. The deal involves both online sources, such as with Apple (NASDAQ:AAPL) Pay and offline ones. * Called Square for Restaurants, this is a set of order management integrations for Postmates, DoorDash and Chowly. All these services are not part of the core POS system, which means eliminating the use of various other tablets and manual entry of orders. * Square has entered a deal to be the payments and POS provider for the Indianapolis 500. The event includes more than 300,000 customers and about 500 concession stands. It's actually the largest sports venue in the world. * A resident of southern California has sued Square because he alleges the company's invoice system mistakenly sent his personal medical history to a friend. His attorneys are looking to put together a class-action suit. Interestingly enough, the Wall Street Journal recently wrote a piece on how Square's system has misfired on various occasions. * Now when it comes to SQ stock, one of the most important growth drivers is its Cash App. According to Instinet analysts Dan Dolev and Conan Leon, the app has 56.1 million users, which is more than PayPal's (NASDAQ:PYPL) fast-growing Venmo. They currently have a $100 price target on SQ stock, which was recently increased from $90. Bottom Line on Square StockSquare CEO Jack Dorsey has certainly done a great job with the company. What started as a simple app has quickly transformed into a strong platform with a robust ecosystem. It's also amazing that he has been able to do this while still the CEO of Twitter (NYSE:TWTR).Yet there are definitely issues with SQ stock. Even though the company deserves a premium valuation, it is still quite steep, with the forward price-to-earnings multiple of 73X.Sell-side analysts are generally cautious as well, with three sell ratings and 17 holds. And the average price target assumes zero upside from current levels.For the most part, Square stock is pricing in much of the good news. So this could make the upcoming earnings report a bit dicey since the growth rate has already been trending down during the past few quarters.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Even If Q2 Numbers Are Solid, Square Stock Looks Tapped Out appeared first on InvestorPlace.
(Bloomberg) -- Twitter and Square Chief Executive Officer Jack Dorsey addressed Apple Inc. employees at the iPhone maker’s headquarters Tuesday, a signal of the strong ties between the Silicon Valley giants.Dorsey, who co-founded Twitter Inc. and Square Inc., is one of several speakers talking to select Apple employees as part of an ongoing series, people familiar with the matter said. The billionaire spoke with staff from the marketing department, they said, asking not to be identified discussing internal matters.While the address itself didn’t point to a new partnership between Dorsey’s companies and Apple, it was indicative of their bond and existing collaboration. Apple promoted Twitter as an iOS app coming to the Mac this fall, and the social media service is deeply integrated into both the iPhone and iPad. Apple was also among the first retailers to sell Square’s now-common credit-card reader. Apple and Twitter representatives declined to comment.To contact the reporters on this story: Mark Gurman in San Francisco at email@example.com;Kurt Wagner in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Twitter said that it would label tweets from political figures that violateits rules, but it's not clear if the social network is applying that policyyet
(Bloomberg) -- President Donald Trump said he wants Attorney General William Barr to look into businessman Peter Thiel’s allegations that Google’s work with China is “seemingly treasonous.”Trump made the comments in a cabinet meeting on Tuesday after earlier saying in a tweet that Thiel is “a great and brilliant guy who knows this subject better than anyone!”“I think we’ll all look at that,” Trump said at the meeting. “We’ll see if there’s any truth” to the claim.Thiel, one of Trump’s top Silicon Valley supporters and donors, took aim at Google and the tech industry over the companies’ focus on global markets while brushing aside U.S. interests in a speech Sunday in Washington.Thiel, a Facebook Inc. board member, singled out Google for agreeing to work closely with China, trying to get its search engine back into the country, while deciding to let lapse a U.S. Defense Department contract that gave the military access to its artificial intelligence tools.A spokesman for Google said the company doesn’t work with the Chinese military but declined to comment further.Thiel argued that the kind of AI developed by DeepMind, which like Google is a subsidiary of Alphabet Inc., should be thought of as a potential “military weapon.” He then suggested Google’s actions were “seemingly treasonous,” asking whether DeepMind or Google senior management had been “infiltrated” by foreign intelligence agencies.(Updates with shares in the third paragraph.)\--With assistance from Max Chafkin.To contact the reporter on this story: Terrence Dopp in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Michael Shepard at email@example.com, Elizabeth Wasserman, Kasia KlimasinskaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Snap Inc. (NYSE:SNAP) stock has done very well in 2019. SNAP stock price has rallied 178%. Among stocks with a market capitalization over $10 billion, Snap Inc stock has been the fourth-best performer in 2019. Only Array BioPharma (NASDAQ:ARRY), Sea Limited (NYSE:SE), and Roku (NASDAQ:ROKU) have been better.Source: Shutterstock To be honest, I've misread SNAP stock. I thought in April that the gains had gone too far, and doubled down on that theory last month. That said, I've understood why optimism toward SNAP has risen. Its user growth is starting to show signs of life after flat-lining in 2018. Its disastrous Android app redesign has been fixed. And Snap, as I've argued for some time, has a path to significantly improve the monetization of its users, particularly overseas. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Of late, Wall Street analysts have picked up on that bull case. At least four firms have upgraded SNAP stock , and one of those upgrades sparked a big jump in SNAP stock price. But it's hard not to wonder if the Street is late to the party and if its sudden interest in Snapchat stock might signal a top. If long-bearish analysts have turned bullish, too, who can still turn bullish on Snap stock?InvestorPlace - Stock Market News, Stock Advice & Trading Tips Snap Gets UpgradedAt least three analysts have changed their tune on SNAP stock in just the last month. In mid-June, Aegis Capital raised its target price on SNAP stock to $17 and upgraded SNAP to a "buy." The firm increased its revenue estimates, citing higher ad sales and increased use of the Android app. The firm had argued only a few months earlier that CEO Evan Spiegel should sell the company, but said in its recent note that it had decided to "walk back" that argument.The same day, well-respected tech analyst Rich Greenfield of BTIG Research upgraded SNAP stock as well, setting a price target of $20. That target became the highest among analysts covering the stock, though it's "only" about 39% above the current levels of SNAP stock. Greenfield, like Aegis, increased his top-line outlook for the company, also citing the improved monetization of its users and the growth of the Android app, in an interview with Yahoo! Finance.The two upgrades sparked a nearly 10% jump in SNAP stock price, propelling it to a 14-month high. Two weeks later, a third firm, MoffettNathanson, highlighted what it called the potential "Cinderella story" of Snap Inc, and projected a blowout Q2 earnings report in early August, driven by faster-than-expected user growth.Moffett analyst Michael Nathanson didn't upgrade SNAP stock, citing valuation. But as recently as October, the same firm had a $6.50 price target on Snapchat stock and was questioning if it would need to raise capital. The firm's change in sentiment is significant, even if kept a 'neutral' rating on the shares.Finally, Goldman Sachs jumped on the bandwagon last week, moving SNAP stock to a 'buy' with a price target of $18. That firm cited the same improving user numbers as many of its peers. Has SNAP Stock Price Reached a Top?MoffettNathanson's reversal highlights the risk to SNAP stock now. Analysts turned bearish on SNAP near its bottom: indeed, the stock hit an all-time low less than three months after MoffettNathanson's October note.Are the same analysts turning bullish at the top of SNAP stock price? It wouldn't be surprising, and there's evidence that it might be the case. SNAP stock actually has weakened modestly since Aegis and BTIG upgraded it in mid-June.The story analysts are telling isn't really surprising the bull case for SNAP even at the time of its IPO was based on user growth combined with gains in its revenue per user. The fact that Snap Inc is making progress isn't a secret, either: the company posted strong Q1 earnings.Meanwhile, Snap's better outlook is priced into Snapchat stock, at least to some extent. Again, the SNAP stock price has risen 180%+ in about six months. It's added over $13 billion in market value over that period. Snapchat's performance may have improved, but its valuation now is a question mark.Indeed, that's the case I made at $10 and then at $12. With SNAP stock above $15, the reasons for concern seem stronger. SNAP trades at more than eight times analysts' average 2020 revenue estimate, and it's not expected to report profits for at least another two years. Competition for advertising will remain fierce: Facebook (NASDAQ:FB), Twitter (NYSE:TWTR), and Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) aren't going anywhere.The story analysts are telling may be right, as Snap Inc is improving. But SNAP stock price has tripled from its December lows, so a lot of improvement already is priced into Snapchat stock.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Analysts Are Turning Bullish on Snap Stock at Its Top appeared first on InvestorPlace.
Despite growing controversy over the crypto world’s latest big idea, some think Facebook's Libra might be a game-changer for the greater blockchain community.
U.S. stock futures are flirting with unchanged this morning.Source: Shutterstock Heading into the open, futures on the Dow Jones Industrial Average are up 0.05%, and S&P 500 futures are higher by 0.03%. Nasdaq-100 futures have added 0.01%.In the options pits, overall volume levels sank like a stone Monday. As you would expect for such a lackluster session, calls led the way with about 15.8 million contracts traded versus only 12 million puts.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe see-saw action continued in the CBOE single-session equity put/call volume ratio with a rally to 0.59. With the reading in the center of its one-month range, there aren't any signals flashing right now. The 10-day moving average held steady at 0.60.Options trading was hopping in Citigroup (NYSE:C), Twitter (NYSE:TWTR) and Tesla (NASDAQ:TSLA).Let's take a closer look: Citigroup (C)Bank earnings are taking center stage this week. Citigroup led the charge Monday morning with a solid showing. For the second quarter, the company scored $1.95 of earnings-per-share on revenue of $4.79 billion. Both measures reflected modest growth versus the year-ago quarter, where C earned $1.63 on $4.71 billion of revenue.Importantly, the profits came in passed the Street's expectations of $1.81. As has been usual with bank earnings announcements of late, the reaction did little to change the technical posture of the stock. * 10 Monthly Dividend Stocks to Buy to Pay the Bills Citigroup remains in a slow-moving uptrend above all major moving averages. There is quite a bit of old resistance in the $72 to $75 zone making this a tough spot to build out new positions. Nonetheless, the path of least resistance remains higher.On the options trading front, calls ruled the day. Total activity ramped to 276% of the average daily volume, with 155,557 contracts traded; 70% of the trading came from call options alone.With the snoozer of a reaction, implied volatility slipped on the session to lowly 23%. That lands it at the 16th percentile of its one-year range. Volatility sellers were the winners of this quarter's earnings battle. A volatility crush and little change in the stock price is just what the doctor ordered for traders employing short volatility strategies like condors and strangles into the event. Twitter (TWTR)The recent recovery in Twitter shares accelerated with a 2.2% run yesterday. The jump carried TWTR close to a new 2-month high and signals the stock has reclaimed much of the gains scored after last quarter's earnings release.Consider $41 the next upside target. Traders don't have to wait long for the next catalyst. Its earnings announcement looms on July 26 before market open. If history is any indication, TWTR should see a big move after the event.We saw bullish activity on the options trading front as well, with traders heavily favoring calls on the session. By day's end, 189% of the average daily volume racked up, with 128,780 total contracts traded. Calls claimed 75% of the tally.The pre-earnings ramp in implied volatility continued on Monday, pushing the metric to 53% or the 41st percentile of its one-year range. Premiums are pricing in daily moves of $1.30 or 3.4%. Tesla (TSLA)The theme of accelerating momentum continued with Tesla shares. Monday's 3% jump saw heavy volume and is placing an exclamation point on the company's ongoing recovery. Since bottoming at $176.99 on June third, TSLA stock has rallied 43%. Not bad for six weeks of work.In the process, the downtrend was shattered, and both the 20-day and 50-day moving averages reversed higher. There's no doubt buyers hold the upper hand heading into the July 24 earnings announcement. Traders seeking an upside target should keep an eye on $280.That said, the stock is down just shy 2% of premarket, so the five-day rally may finally be ready for a rest. * 7 Stocks Being Inflated by Low Rates On the options trading front, puts outpaced calls on the day despite the rally. Total activity climbed to 144% of the average daily volume, with 399,042 contracts traded. Puts accounted for 59% of the trading.The ongoing recovery in its share price has really taken the wind out of implied volatility's sails. It has descended into the basement at 62%, which places it at the 21st percentile of its one-year range. Premiums are pricing in daily moves of $9.84 or 3.9%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Tuesday's Vital Data: Citigroup, Twitter and Tesla appeared first on InvestorPlace.
(Bloomberg Opinion) -- In part of his latest Twitter barrage, President Donald Trump has been accusing four first-term congresswomen of infecting the Democratic Party with anti-Israel bias. His rant has left Israelis scratching their heads.Referring to Ilhan Omar of Minnesota, Rashida Tlaib of Michigan, Ayanna Pressley of Massachusetts and Alexandria Ocasio-Cortez of New York, four women of color collectively known as “the Squad,” Trump accuses the Democrats of using “foul language & racist hatred” in an effort to delegitimize the Jewish State. “I can tell you that they have made Israel feel abandoned by the U.S.,” he tweets.Nothing could be further from the truth. Israel has never felt less abandoned by the U.S. and Trump knows it. He is, after all, the president whose policies have turned America’s historic bi-partisan embrace into a big bear hug. Like most Israelis, I appreciate Trump’s willingness to stand up for Israel in international forums, his decision to recognize Israel’s sovereignty in the Golan and the long overdue relocation the American embassy to Jerusalem. I approve of his disinclination to fall for the Palestinian narrative of the conflict at face value.But it seems the president would like to foment a civil war among Democrats, using Israel as a wedge. Donald Trump knows full well that the Democratic Party is not about to turn into a hotbed of leftist anti-Semitism and Israel bashing like Jeremy Corbyn’s Labour Party. Yes, they tend to be more sympathetic to the Palestinian cause than do Republicans. But, according to the latest Gallup Poll, Americans in general prefer Israel to the Palestinians by a 3-to-1 margin. This simple arithmetic explains why Congressional party leaders are solidly pro-Israel. You can’t win a national election in the U.S. by running against Jerusalem. And if Democrats are not great fans of Prime Minister Benjamin Netanyahu, you can hardly blame them. Bibi is a Republican in all but party registration. But if opposing Netanyahu and his right-wing brand of politics is a hate crime, nearly half of Israeli voters – and two-thirds of American rabbis – would be guilty. In truth, criticism of Israel by Democrats is usually undertaken in a tone of a wise friend advising a misguided mate to steer clear of temptation. This was the tone used by former President Barack Obama when he advised Israel to accept the U.S.-brokered Iran nuclear treaty and a two-state agreement with the Palestinians. Mainstream Democratic critics do not customarily go beyond this warmed over version of party doctrine. This has frustrated Trump, which is why he has so eagerly jumped on the Squad. “So sad,” he tweets, “to see the Democrats sticking up for people who speak so badly of our Country and who, in addition, hate Israel with a true and unbridled passion.”A fair reading of the Squad’s criticisms of Israel does not come close to revealing passionate hatred. If you want to see what that looks like, read the recent statement of a Hamas leader in Gaza calling on his followers to murder Jews wherever they are found. The anti-Israel rhetoric of Tlaib and Omar is more militant than that of their progressive sisters, but none have come close to expressing open support of Palestinian terrorism or for the genocidal threats by the regime in Tehran. When they have gone beyond the boundaries of good taste or credibility (Omar intimating that American Jews are loyal to Israel, Tlaib falsely claiming that Palestinians welcomed Jewish holocaust survivors in 1948) they have pleaded ignorance or fudged their remarks. Trump wants more -- and less. In one of his tweets, he called for the progressives to apologize to Israelis. This is intended to provoke an intraparty donnybrook. Israel has no interest in that, any more than it requires an apology from the congresswomen. Nothing they say about this country will be any worse than the things you can hear in Israel’s own legislature, the Knesset, every day.To contact the author of this story: Zev Chafets at firstname.lastname@example.orgTo contact the editor responsible for this story: Therese Raphael at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Zev Chafets is a journalist and author of 14 books. He was a senior aide to Israeli Prime Minister Menachem Begin and the founding managing editor of the Jerusalem Report Magazine.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
The 37-year-old mayor of the small Indiana city leaped to the top of the fundraising rankings after outpacing Mr Biden, the former vice-president and leader in the Democratic primary race polls, who came second with $22m, according to data from the Federal Election Commission. Elizabeth Warren, the Massachusetts senator who has risen in the polls by outlining a range of policy proposals, came third with $19.2m, pushing Bernie Sanders, the Vermont senator and top first quarter fundraiser, into fourth place with 18m. Kamala Harris, the California senator who propelled her campaign with a pointed attack on Mr Biden in the first Democratic debate last month, rounded off the top five fundraisers with $11.8m.