On the Street

Wal-Mart Ups its Minimum Wage Following New Tax Legislation

Wal-Mart has announced that it will be raising its minimum wage to $11 an hour for all employees and will also be giving out one-time bonuses. The current pay rate is at $10, but the company will be seeing some massive gains from the GOP tax plan and has evidently decided to share the wealth.  “Today, we are building on ...

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Automakers on Cruise Control

Ford Motor (F), General Motors (GM) were among several companies and analysts releasing a flurry of forecasts and data for the auto industry this week.  The consensus is that 2017 saw a slight dip in US auto sales after seven years of consistent growth and that 2018 will produce still less sales than 2017. Autodata, for instance, reported that US ...

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Apple to Bring $200 Billion Back to US

Apple will soon bring the majority of its foreign cash reserves back into the United States to take advantage of the tax breaks it will receive under the GOP tax bill passed on December 22nd. The repatriated money will go straight into America banks, which will use it to make loans to Americans. This will provide a huge boost to ...

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Both Parties Conveniently Ignore Deficit

If there’s one thing Republicans and Democrats have in common, it’s the ability to simultaneously complain about and ignore the deficit. The annual budget deficit is about $600 billion. According to the Committee for a Responsible Budget (CRFB), the GOP’s tax overhaul will increase the deficit to $1 trillion by 2019. At this rate, the accumulated national debt will be ...

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Sears – Grim Tidings

Retail Holiday Sales Go Ka-Ching” was the headline on the Wall St. Journal’s lead story on the front page on December 26, 2017.  The Journal, using data from Mastercard Inc., reported that retail sales rose at their best pace in six years. E-commerce naturally continued to be the biggest driver of gains, with a strong annual increase of over 18%.  ...

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Three Stocks To Buy For 2018

As we head in to 2018, I wanted to share three stocks that I have been researching and find to be very attractive at this time. The stocks were evaluated from all three analysis styles and were selected because they are fundamentally sound, the technical performance has been strong and they don’t have overly optimistic sentiment toward them.   TAL ...

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Time To Play “What If” With The Fed Meeting

In what will be the final FOMC meeting for Fed Chairman Janet Yellen, the investment world is set for another 0.25 percent rate hike. The current probability based on the pricing of Fed Funds futures is at 90 percent. I would say that is about as certain as you can get. With that level of certainty, that leaves us with ...

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Chicago’s Controversial Sales Tax Bonds

This week the City of Chicago began marketing $575 of rated debt backed by its share of sales-tax revenue received from Illinois.  The bonds, issued by the Sales Tax Securitization Corp., are controversial because of the ratings that they have and the ratings that they do not have. The bonds are rated AAA by two rating agencies, Fitch and Kroll.  ...

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ATT Renounces Blackout to Address DOJ’s Concerns With Merger

On Wednesday November 29, 2017 ATT disclosed that, in order to get the Department of Justice (Justice) to drop its opposition to its merger with Time Warner, it had offered up a seven-year ban on blacking out competing distributors. This concession gets to the heart of Justice’s concerns with the merger, which is that control of Time Warner’s content positions ...

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