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Thursday, March 28, 2024

News You Can Use From Phil’s Stock World

Five Charts That Show Work-Life Balance Is Dead (Bloomberg)

If you have a sneaking suspicion that your job is taking over your life, you're not alone. A third of full-time workers say it has become more difficult to manage work-life balance over the past five years, according to an Ernst & Young report published Tuesday.

Herbalife soccerHerbalife just reported earnings that crushed expectations and the stock is ripping higher (Business Insider)

Herbalife just reported first quarter earnings that topped expectations and the company also raised its outlook for the full year, sending shares soaring. 

In after hours trade on Tuesday, shares of the company were up as much as 15%.

Crude oil spikes back above $60 a barrel (Business Insider)

Crude oil prices are back above $60 a barrel for the first time since December.

In early trade Tuesday, the price of West Texas Intermediate crude oil was up about 2% to above $60 a barrel for the first time in about five months. Prices have crept higher since WTI hit a low of $43 back in March.

fut_chart (9)

Hong Kong 'Loophole' May Have Flooded China With Radioactive Japanese Foods (Zero Hedge)

And the 'incidents' just keep coming for Japan. Lax safety checks at Kwai Chung container terminal – the only sea entry point for food from overseas – have allowed banned imports from Japan to enter Hong Kong, according to Democratic Party lawmaker Helena Wong Pik-wan. 

As The South China Morning Post reports, radioactive contaminated food may have been entering the city unnoticed for years because of deficiencies in safety controls on fresh produce since the ban following the Fukushima nuclear power plant incident in 2011.

(So, Hong Kong has banned, not too successfully, Japaness food. Doesn't that mean that the Japanese are eating quite a lot of radioactive contaminated food?) 

apple watch gold editionThere's 'lackluster interest' in Apple Watch, says UBS (Business Insider)

Interest in the Apple Watch is "tepid," says UBS analyst Steven Milunovich.

Milunovich is lowering his estimates for Apple Watch sales in fiscal year 2016 based on "global search activity."

Flight From Government Debt Accelerates as Greece Fuels Meltdown (Bloomberg)

Greece blamed its creditors for the failure to end the impasse over its fiscal crisis as government bonds slumped and the European Central Bank weighs how much more liquidity to offer its financial system.

5 5 15 NYYC slides   mailing_000001Jeff Gundlach employed Eastern philosophy in this exclusive presentation he gave to investors at the New York Yacht Club (Business Insider)

Jeff Gundlach just spoke to investors at the New York Yacht Club and gave the following presentation, called "Summer Insects," a theme inspired by Chinese philosopher Chuang Zhu. 

Chuang Zhu's quote Gundlach used as a jumping off point was, "You cannot discuss ice with a summer insect."

Global Bonds Tumble as Deflation Concerns Ease; S&P 500 Retreats (Bloomberg)

Treasuries fell with European bonds as oil’s rally above $60 a barrel added to signs of incipient inflation, while concern rose that Greece won’t be able to resolve its debt crisis. U.S. stocks tumbled the most in more than a month amid a retreat in global equities.

russia trader bloomberg chartWhat are traders chatting about this morning? Greece's looming debt payment … (Business Insinder)

Via Dave Lutz at JonesTrading, here's a quick look at what traders are talking about this morning.

Good Morning! US Futures are all in the red, led by a 20bp drop in Nasdaq (New Tech and Bio Tech looking weaker early). London is bouncing 40bp after being closed yesterday, but most of Europe is lower as headlines worsen into the Greek IMF payment due tomorrow.

Disney Profit Tops Estimates on Theme Parks, ‘Frozen’ Toys (Bloomberg)

Walt Disney Co. reported second-quarter profit that beat analysts’ estimates, led by growth at its theme parks and continued sales of “Frozen” toys in a period that lacked a major movie blockbuster.

Earnings at the world’s largest entertainment company totaled $1.23 a share excluding some items, according to a statement Tuesday. That compares with the $1.10-a-share average of analysts’ estimates compiled by Bloomberg. Sales rose 7 percent to $12.5 billion, above the $12.3 billion projection.

Middle finger emoji is coming to Windows 10 (Market Watch)

Microsoft users, prepare to get the middle finger.

Windows 10, Microsoft’s new operating system set to arrive this summer, will include support for the middle finger emoji, as first reported in Emojipedia.

“Microsoft is aligning with the latest Unicode Standard specifications, which includes this image,” a Microsoft spokesperson said.

IMG_1144A Carnival and a Church: I spent 3 days in Omaha chasing Warren Buffett but found something else (Business Insider)

It's amazing that Warren Buffett is alive. Not because he's 84, or because he appears in poor health. In fact it's the opposite: Buffett is chipper and more alert and energized than I am over the course of Berkshire Hathaway's seven-hour annual meeting.

No, it's amazing that Buffett is alive because we are all here.

Inside IBM Corp.'s Watson Headquarters Prior To OpeningIBM's big bet on Watson is paying off with more apps and DNA analysis (Engadget)

IBM's cognitive computer Watson is on a roll. After spinning it out as a $1 billion divisionlast year, IBM went on to give Watson a flashy new home in Manhattan, made it a more tool for doctors with Watson Health Cloud, and it even proved its culinary chops with anew cookbook. Today IBM showed off several more examples of the supercomputer's growing ecosystem, including new Watson-powered apps that can do things like find you the ideal therapist, or help hotel staff better help guests. It's also partnered with more than a dozen cancer institutes who will use Watson to analyze DNA and offer personalized treatment profiles for patients. It may have started out somewhat gimmicky as a Jeopardy contestant, but IBM is also steadily showing how Watson could also be a truly useful tool for all of us.

shinzo abe musk teslaOne research firm has a bold new call for Tesla shares (Business Insider)

The Wall Street research firm Jefferies has a big new call for Tesla: $350.

In a note to clients on Tuesday, the firm published the results of a recently conducted survey of 700 people that suggest Tesla could sell "at least" 500,000 cars a year by 2020.

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