Wonder what traders are talking about today?
We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:
- Why the stock market likes Donald Trump
- Apple's big earnings report, and all the reasons to love the stock
- How Apple came back from near-bankruptcy 20 years ago
And more!
So check out these links right now and get up to speed:
1) Why the Trump market keeps heading up, up, up (NY Post)
The White House is in disarray, but the market isn’t scared. Indeed, the Dow is heading toward 22,000.
And for good reason: For all the Trumpian hysterics of the last six-plus months, the fact that Hillary Clinton isn’t president is good for stocks.
2) Apple’s earnings have Wall Street learning to ‘stop worrying and love the super cycle’ (MarketWatch)
It’s a strange love that analysts have for Apple Inc.’s stock, leading some of them to turn to Stanley Kubrick’s classic movie in order to describe the company’s latest quarterly results.
3) A Jaws of Death Divergence in the Dow (T3 Live)
Over the last few months, we have flagged several big picture cycles that suggest an array of challenges will surface in the second half of 2017.
Presumptively, this means the disconnect between the disarray in D.C. and geopolitics and the current calm in financial markets will end.
4) Wall Street retreats after Dow breaches 22,000 (Reuters)
The Dow breached the 22,000 mark briefly in early trading on Wednesday, powered by Apple's stellar results, before stocks retreated sharply across sectors as investors locked in gains.
5) Qatar Airways ends bid to buy stake in American Airlines (USA Today)
Qatar Airways will drop its bid to acquire a stake in American Airlines, saying on Wednesday that its plan to buy as much as 10% in the USA's biggest airline “no longer meets our objectives.”
6) TRUTH: What You Need to Know About Prop Trading (T3 Live)
Learn why training, community, and coaching can make you a more profitable, consistent trader.
In this special webinar, T3 Live Senior Trading Counselor Amber Capra will teach you everything you need to get started as a prop trader:
7) Inside Salesforce's Quest to Bring Artificial Intelligence to Everyone (Wired)
Five years after Advanced Micro Devices CEO Lisa Su first joined the company, and almost three years since she got the top job, the payoff for her radical turnaround strategy is finally arriving.
8) The hyperloop just had its fastest test yet, nearly hitting 200 mph (The Verge)
After over a year of incremental progress and underwhelming, low-speed tests, the hyperloop is finally starting to show us what it can do. On July 29th, Hyperloop One’s prototype pod accelerated down the length of its 500-meter-long test tube in the Nevada desert, reaching a top speed of 192 mph before gliding to a stop.
9) Americans Die Younger Despite Spending the Most on Health Care (Bloomberg)
Typically, the more a developed country spends on health care, the longer its people live. The U.S., which spends the most on health care, bucks that trend. Compared to the 35 countries in the Organization for Economic Cooperation and Development, which promotes policies to improve social and economic well-being, the U.S. life expectancy of 78.8 years ranks 27th.
10) Steve Jobs at the Absolute Bottom (YouTube)
Today, Apple hit all-time highs after a very strong earnings report.
So it's easy to forget that 20 years ago, many investors thought the company was heading for bankruptcy.
This video at Apple's 1997 World Wide Developers Conference will help you understand the principles and values that brought Apple back from the dead: