Stock Market News 1-4-16 | Trader News

Stock Market News 1-4-16 | Trader NewsTrader News 

China Stock Market in Trouble

Back in August, I was amazed at how fast everyone discounted the China meltdown. Momentum trumps reality in the new trading world we live in.

The story is back and greeting traders with a resounding thump, as price action across the globe trades lower.

China Halts Stock Trading After 7% Rout Triggers Circuit Breaker

The worst-ever start to a year for Chinese shares triggered a trading halt in more than $7 trillion of equities, futures and options, putting the nation’s new market circuit breakers to the test on their first day.

Trading was halted at about 1:34 p.m. local time on Monday after the CSI 300 Index dropped 7 percent. An earlier 15-minute suspension at the 5 percent level failed to stop the retreat, with shares extending losses as soon as the market re-opened. Traders said the halts took effect as anticipated without any major technical problems.

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China stock trading halted after steep drop

Asian markets tumbled Monday on the first day of trading in 2016, with declines so steep in mainland China that authorities halted trading there for the rest of the day.

Analysts cited a number of reasons for the selling, including China’s disappointing manufacturing data, reported earlier Monday, and the coming removal of a ban on major shareholders from selling stakes, put in place during the summer stock crash.

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Fit Bit Struggles to Find a Market

This stock was a nice story but quickly got steamrolled by competitors. The Fit Bit is a nice, tool for working out and gives you the core basic metrics to feel good and keep on going.

The problem is, it was easy to copy. Once there was market validation, a swarm of new, and better looking replacement entered.

I think the stock is toast. Losing a competitive advantage as quickly as they did is amazing.

Fitbit’s Total Addressable Market Hype May Leave Investors With Disappointment

There has been a great deal of sound analytics surrounding the Fitbit (NYSE:FIT) story since the IPO. While the company has handily beaten most metrics and expectations the stock itself hasn’t exactly performed in kind since its August peak and latest Q3 2015 performance results.

While there are a number of concerns that can point to the stock’s underperformance as of the fall and holiday selling season, the most obvious one is what we will discuss more prominently in this article.

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Oil Related News

Prices at the pump began to crawl higher this morning. The sub $2.00 prices didn’t last long. I know a lot of traders who have tried to pick a bottom in oil the last 12 months. It may be time to start building a position. I was looking for capitulation, we may not get it.

Iran says boosting oil exports depends on future demand

A rise in Iran’s crude oil exports once sanctions against it are lifted depends on future global oil demand and should not further weaken oil prices, senior officials were quoted as saying.

Oil Minister Bijan Zanganeh said Iran did not plan to exacerbate an already bearish oil market.

“We are not seeking to distort the market but will regain our market share,” said Zanganeh, quoted by oil ministry news agency Shana.

Oil prices are likely to come under further pressure this year, when international sanctions on Iran are due to be removed under a nuclear deal reached in July. Brent crude settled at $37.28 a barrel on Thursday.

Iran has repeatedly said it plans to raise oil output by 500,000 barrels per day post sanctions, and another 500,000 bpd shortly after that, to reclaim its position as the Organization of the Petroleum Exporting Countries’ second-largest producer.

“The decision on the amount of exports highly depends on the future condition of the market. We will raise our market quota steadily,” said Mohsen Qamsari, director general for international affairs of the National Iranian Oil Company (NIOC).

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Stock Market News 1-4-16

Stock Market News 1-4-16The Following Courtesy of Early Global News

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China factory conditions weaken for 10th month: private survey  (Fell to 48.2 in December from 48.6 the previous month)   Caixin/Markit index

China markets suspended for the day after 7pc fall triggers second stage of circuit breaker  South China Morning Post

Saudi Arabia cuts diplomatic ties with Iran  Al Jazeera

The Latest: Bahrain severs diplomatic ties with Iran   AP

Frigid air with highs below freezing to shock central, eastern US during January 2016   Accuweather

$1 billion in legal pot taxes predicted for California  SF Gate

Militiamen Occupy Oregon Wildlife Office in Protest of Ranchers’ Prison Terms  NY Times


ORAN.PA   BOUY.PA       Orange-Bouygues tie-up talks in France advancing: report   ($10.86 billion in cash and shares)   Reuters

BABA     Alibaba’s Finance Arm Said to Seek at Least $1.5 Billion   Bloomberg

BAM    Brookfield and KIC buy Berlin real estate   (€1.3bn deal)   Financial Times

SHPG  BXLT    Shire may be close to deal to acquire Baxalta  ($46.50-48/share)  USA Today

SHPG     Shire’s next deal could be “transformational” – part 6  Betaville

HPY   Heartland Payment Systems sells SmartLink Division to EchoSat; terms not disclosed   Press Release

BXLT     Baxalta and Symphogen Establish Strategic Collaboration to Accelerate Innovation in Immuno-Oncology    Press Release

BLK    Global ETF industry grabs record cash in 2015: BlackRock   Reuters

Silergy to buy Maxim smart meter, energy monitoring businesses   Digitimes

SWHC  RGR  CAB  (not mentioned)   State Focus and Infusion of Funding Buoy Gun Control Advocates   NY Times

ONDK  JPM   RF   BAC     Big Banks Start to Embrace Startups  (Established firms look for partners on small-business loan.)    WSJ

AXP   BAC   V   USB      Fidelity Drops AmEx, BofA As Credit Card Partners; Chooses Visa, U.S. Bancorp   Reuters

RTN   Raytheon GPS upgrade loses its way    Boston Globe

BiDU    China’s growing online delivery services feed office workers, smog avoiders  Shanghai Daily

SSNLF   (WHR not mentioned)  Here are official photos of Samsung’s crazy fridge with a giant touchscreen    The Verge

WHR    Whirlpool’s new Amazon Dash-integrated smart appliances know when you need supplies   TechHive

Pico projector unit sales growth estimated at 50% in 2015, says PMA Research   (Broadened adoption of personal projectors and introduction of new brands drove healthy sales.)   Digitimes

GOOG (not mentioned)  Why Internet Users Abandon Digital Videos  (buffering takes too long) eMarketer

SWHC  RGR  CAB  (not mentioned)    Years of NRA tax filings are loaded with apparent falsehoods   (The National Rifle Association isn’t honest when it comes to recording its lobbying and political activities.)   NY Post

CXW  GEO  (not mentioned)  Op-Ed Contributors: What’s Going On in Our Prisons?  NY Times

MAKSY    M&S’s loyalty card boss leaves firm shortly after launch  Reuters

DEO     Diageo completes sale of US and UK wine interests for $552m   Irish Independent

WTW    Oprah on the moment she realised enough was enough: ‘I was in the midst of coconut French toast with bourbon syrup’    Irish Independent

NXPi   NXP Israel closes Herzliya center, fires 150-200  Globes

GCi    Newsquest/Gannett forced to change policy over remote subbing   The Guardian

Politics    SWHC  RGR  CAB  (not mentioned)    Donald Trump says he will end any gun-control executive action implemented by President Obama  LA Times

Linger   NOC  KTOS   Northrop Grumman Builds the Biggest Laser Gun Ever   The Motley Fool

Opinion    YHOO    Marissa Mayer is throwing around money like Marie Antoinette   NY Post

Opinion   Solvency II rules set to spark M&A surge in insurance sector    Financial Times

Fact   Malaysia Issued a Fatwa on Vaping  Motherboard

Pharmaceuticals – Healthcare – Biotech

TEVA    Teva raises extra $658m in underwriters’ options   Globes

More People Turn to Faith-Based Groups for Health Coverage  (Certain insurance commissioners say health-care ministries could put consumers in a precarious position.) WSJ

Xinjiang Technical Institute of Physics and Chemistry   Chinese researchers find flavonoids in cotton petals to treat Alzheimer’s   Xinhua

HSY (not mentioned)     New Study  Heavy sugar consumption increases risk of breast, lung cancer    University of Texas MD Anderson Cancer Center

California will see a lot more disease-carrying mosquitoes this year, experts say   LA Times

REXR    Rexford Industrial Acquires Industrial Property for $17.1 Million  Press Release

SVA    Sinovac Obtains New Drug Certificate and Production License for EV71 Vaccine   Press Release

Linger    Vote to repeal Obama’s health law marks testy start to 2016    AP

Opinion     AZN   AstraZeneca Needs to Set Itself Free  (Long-term growth, strength of pipeline should be prioritized.)   WSJ

Opinion   Former NFL players call for medical marijuana to be taken off banned list  The Guardian

Opinion     PG  (Nyquil not mentioned)    Blue Lotus Medicinals Marijuana ‘Kush Tea’ Is The Best Way To Medicate While Dealing With A Chest Cold  Weed Blog

Fact   Lifestyles have a greater impact on cancer suggest latest findings; likewise they might be more preventable   MercoPress

Futurelook   Tough decisions await FDA on e-cigarettes, generic drugs    Boston Globe


Rentrak Reports 2015 Worldwide Box Office Sets New Record with $38 Billion-Plus  Press Release

iMAX   DiS      ‘The Force Awakens’ Rises To $1.5B+ Global; Beats ‘Avatar’ In UK & Adds New IMAX Record – Intl Box Office   Deadline

DiS   Harvey Weinstein Talks ‘Hateful Eight’: ‘Star Wars’ Took a Bite Out of Box Office   Variety

Korea Box Office: ‘Himalayas’ Remains On Top, Ahead of Extended ‘Inside Men’   Variety

MGMB DiS  Vice Media   (private)   Hearst CEO Talks ESPN, Vice Media and ‘Stellar’ Mark Burnett-MGM Sale   Variety

Quentin Tarantino’s ‘The Hateful Eight’ Wins Best Movie at Capri Hollywood Film Fest    Variety

NFLX   ‘Making a Murderer’: Netflix Series Emerges as Hollywood’s Holiday Obsession   Variety

TWX   Obama Town Hall on Gun Violence to Air on CNN   Variety

Hollywood’s Banner Year at the Box Office Masks a Procession of Flops  WSJ

DiS    ‘Star Wars’ surpasses ‘Titanic’ and ‘Jurassic World,’ breaking more box office records   LA Times

SEAS   Are SeaWorld’s whales better off staying in their glass-and-concrete enclosures?   LA Times

TWX    Warner Bros. will release 35 4K Blu-ray movies this year in glorious HDR   The Verge

Futurelook    Soon We Will be Able to Design Custom Sounds with Voice And Gesture   Gizmodo


Less than 1 percent of PCs will be capable of running Virtual Reality (VR) headsets   Gartner

China     VR, AR chain incubator “X Zone” announced the establishment  DO News

SQNFX   Final Fantasy IX coming to PC, mobile, FF XV to launch 2016   SlashGear

ATVi   Call of Duty Black Ops 3 Begins 2016 at Top of UK Charts    GameSpot

ATVi    MLG bought out by Activision, shutting up shop – report   VG247

Steam (private) Hit Another Milestone This Weekend   Variety

WYNN  LVS  MPEL     Macau gaming revenue falls to MOP231 bln in 2015  Macau Business

Macau      SJM announces staff bonuses for 2016, union says   Macau Business

Linger   Sheldon Adelson’s Purchase of Las Vegas Paper Seen as a Power Play   NY Times

Opinion    What Happens When Virtual Reality Gets Too Real  (changes the way you think and behave)  WSJ

Opinion     What Does Virtual Reality Do to Your Mind and Body?   (The mental impact of lifelike virtual experiences is just one of the difficulties for virtual reality, a technology that, after decades of hype, may at last have its commercial moment this year.)   WSJ

Social Media

FB   LNKD   Pinterest      Digital Buyers in Germany Hang Back from Social Media   eMarketer

TWTR    Here’s what you can no longer say on Twitter    Washington Post

TCEHY QQ     New Year’s Eve red data: micro-channel transceiver 2,310,000,000 times QQ red push new ways    DO News

FB     Who Controls Your Facebook Feed   (you only see a tiny fraction of your overall community of friends posts)   The Slate

Travel – Hotel

CTRP QUNR  TOUR  (not mentioned)  China witnesses travel peak on last day of New Year holiday  China Daily

CTRP QUNR  TOUR    2015 online travel how to “face”: fight father, and fight your enemy

US    Airline tarmac rule leads to more passenger delays, study concludes   LA Times

Open door forces plane to turn back  CNN

New startup launches to add zing to Southeast Asia’s budget hotel battle   (And the most recent entrant to this area is Indonesia-based Nida Rooms.)   Tech in Asia

Fact     AiR.PA    Here’s The Crazy Wing Bending Airbus Does To Stress Test Its Aeroplanes   Gizmodo


VLKAY   Europe’s car sales to rise again; little backlash expected from VW scandal   Auto News

Hyundai, Kia forecast slowest sales growth in 10 years   Bloomberg News

TSLA     Tesla delivers new quarterly record, but only 208 Model X EVs   Autoblog

TSLA       1st “CleanTechnica Car of the Year” Is…   Clean Technica

TSLA   Tesla vows to ramp up production in 2016  (Tesla informed shareholders it delivered a unimpressive 50,580 cars last year, but it intends to raise the stakes big time this year.)  CNN

TTM   Jaguar wants to stay exclusive while rapidly growing model lines   Digital Trends

AAPL  F  GOOG    Ford is finally bringing Apple and Google’s in-car operating systems to its vehicles  Bi

Renault India domestic sales zoom over two-fold in Dec   Economic Times of India

TKTDY   HMC      Honda says not considering new lending to Takata   Reuters

TKTDY     Takata Emails Show Brash Exchanges About Data Tampering  NY Times

More automakers add automatic braking to cars   USA Today

Uber has pulled out of Frankfurt after its business was crippled by German regulators   Bi

O’Connor v. Uber: Why the days of driver ‘flexibility’ are already numbered   VentureBeat

UK    Motoring Surge in new car sales as buyers go for 161-reg plate  Irish Independent

Sports car sales zoom as economy roars   Irish Independent

Opinion    In China’s Car Market, Price Matters More Than Volume   (Investors should be cautions of too many cars and too low costs.)   WSJ

Fact   Why hybrids, EVs are getting a boost from world’s top racing series   Auto News

Fact    Digitimes Research: Panel makers increasingly optimstic about vehicle display segment   Digitimes


TGT    Target seeks ‘friendlier venue’ in federal court for injury claim   NY Post

City’s first Chick-fil-A cited for health violations  NY Post

SSNLF   (BBY not mentioned)   Samsung Goes After Sonos With A New Wireless Soundbar System  Techcrunch

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