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The Capitalist Newsletter – May 12, 2017




In the world of wireless communication, first to market often means success. Just look at the iPhone and its quantum leap forward for smartphones. All of a sudden, keyboards disappeared, leaving more real estate for screen space. Soon, every phone maker followed suit and the smartphone as we know it was born. Being faster and more efficient than the competition bodes well for any company, which is why Verizon was so enthusiastic to beat AT&T in a bidding war for Straight Path. The company’s huge supply of 28 and 39 GHz millimeter wave spectrum used in mobile communications would give a massive head start to the winner in the race to 5G. But lost in all the uproar is the real winner in this bidding war; T-Mobile…..

Read The Capitalist’s Take Here

Read More at Reuters Here

Read More at CNBC Here


Saudi Arabia plans to make a $40 billion investment in one of President Donald Trump’s pet projects, U.S. infrastructure development, according a media report. The announcement may coincide with Trump’s visit to the kingdom next week, sources familiar with the matter told Bloomberg News. However, they cautioned that no final decision had been made and the announcement could be delayed. Saudi Arabia has been telegraphing its eagerness to invest in the United States for months.

Read More at Bloomberg Here

Read More at The Hill Here

Read More at CNBC Here


President Donald Trump on Thursday called ousted FBI chief James Comey a “showboat” and “grandstander,” but its acting leader contradicted the president and promised the agency’s probe into possible Trump campaign ties to Russia would proceed with vigor. Trump, facing Democratic accusations that he fired Comey on Tuesday to hinder the FBI investigation into alleged meddling by Russia in the 2016 U.S. presidential election, said he would have taken the action even without a recommendation to do so by the two top Justice Department officials. That ran counter to previous administration explanations of Comey’s dismissal. The Republican president also gave further details of his account that Comey informed him three times that he was not under investigation.

Read More at Reuters Here

Read More at NPR Here

Read More at CNN Here

Closing Bell

– Thursday, May 11th

Markets Dip DOWN on Retail Woes

Big Insider Trades

– Comcast Corp. (CMCSA) Senior EVP Stephen Burke Sells $10m

– Opko Health, Inc. (OPK) CEO Phillip Frost MD Buys $7.8m

Winners & Losers

– Sangame Therapeutics, Inc. (SGMO) Soars UP (60.92%) After News of Collaboration with Pfizer on Hemophelia Drug

– ITUS Corp. (ITUS) Tumbles DOWN (33.82%) After Announcing Pricing of up to 3.5 Million Shares of Common Stock Offering

Most Talked About

Merus Labs International, Inc. (MSLI) Considered a Near Unanimous Strong Buy After Agreeing to be Acquired by European Drug Company Norgine

The TIP Sheets

– Thursday, May 11th

– Macy’s, Inc. (M) Slides DOWN (17.01%) as Retail Woes Continue in What was Arguably the Worst Period for Retailers Since 2008. Expect Shares to Continue DOWN

Unusual Volume

Snap, Inc. (SNAP) Tumbles DOWN (21.45%) to Just Above IPA Launch Price on 131m Shares Traded as Investors Worry About Low User Growth and Poor Earnings. Expect Shares to Bounce Back UP

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