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The Capitalist Newsletter – November 2, 2016

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7 years ago

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COUNTRY’S BIGGEST PIPELINE EXPLODES, SUFFERING SECOND SHUTDOWN IN 2 MONTHS; OIL SET TO JUMP?

On Monday, Colonial Pipeline, the largest pipeline in the country, suffered its second shutdown in as many months. With 13 states relying on the pipeline for gas, diesel, and jet fuel, just how damaging can a shutdown be? Should we be worried about the price of oil?

Read The Capitalist’s Take Here

Read More at Wall Street Journal

Read More at ABC News

IN WAKE OF MASSIVE DEBT, VALEANT TO SELL FLAGSHIP DRUG FOR $10 BILLION

Valeant Pharmaceuticals is considering selling its stomach-drug unit to Takeda Pharmaceuticals. U.S.-listed shares of Valeant soared as much as 36 percent after the news, but ended the day slightly below their intraday high. The stock ended the day up more than 33 percent, closing at $23.86 a share..

Read More From CNBC Here

Read More From Bloomberg Here

Read More From Business Insider Here

BROCADE SPIKES AFTER REPORT OF POSSIBLE ACQUISITION BY BROADCOM

Chipmaker Broadcom is nearing a deal to acquire network gear maker Brocade Communications Systems in a deal that could be announced later this week, people familiar with the matter said on Tuesday.Shares of Brocade were up more than 7 percent, following news of the deal….

Read More From CNBC Here

Read More From Investor’s Business Daily Here

Read More From Bloomberg Here

Closing Bell

-Tuesday, November 1st

Stocks Close Lower as Elections, Fed MeetingLoom

Big Insider Trades

– Salesforce.com, Inc. (CRM) CEO Marc Benioff Sells $1.9m

– Medley Capital Corp. (MCC) CEO Brook Taube Buys $1m

Winners & Losers

-Valeant Pharmaceuticals, Inc. (VRX) Overcomes Fraud Talk, Rises UP (33.74%) After Announcing Possible $10 billion Sale of Stomach Drug

– Instructure, Inc. (INST) Falls DOWN (20.24%) After Reporting Q3 Earnings and Lowering Guidance

Most Talked About

Yum Brands, Inc. (YUM) a Strong Sell Among Investors After Officially Spinning Off China Biz into New Company

The TIP Sheets

– Tuesday, November 1st

– Weatherford International, plc. (WFT) Finishes DOWN (6.06%) From Being Down 20% After Analyst Says Company Needs to Raise Equity Capital to Avoid Breaching its Debt Covenants. Weatherford has too Much Debt on its Shoulders. Shares Should Continue DOWN

Unusual Volume

– Brocade Communication Spikes UP (6.04%) on 36m Shares Traded After Announcing the Company is in Advanced Talks to Sell Itself. Look For Shares to Continue UP

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