Lockheed CEO tells Trump she will work to drive down cost of F-35
The chief executive of Lockheed Martin Corp told President-elect Donald Trump on Friday that she was committed to driving down the cost of the company’s F-35 fighter jet, a day after Trump took aim at the cost of the F-35 in a Twitter post.
CEO Marillyn Hewson said she spoke with Trump on Friday afternoon and assured him that she had heard his message “loud and clear” about reducing the cost of the F-35.
Trump, in a tweet posted late on Thursday, suggested that an older aircraft made by rival aerospace company Boeing Co could offer a cheaper alternative to the F-35.
“Based on the tremendous cost and cost overruns of the Lockheed Martin F-35, I have asked Boeing to price-out a comparable F-18 Super Hornet!” Trump said.
Continue Reading on reuters.com
Lockheed Martin’s (Non-Trump) Headwinds
Lockheed Martin (LMT) has been under pressure for the past few weeks because of tweets by President-elect Donald Trump. Despite this pressure, Lockheed stock is up 16% from a year ago, and only 6% away from its 52-week high.
While Trump tweets may be causing Lockheed longs to pop antacids, there may be fundamentals that can create greater concern for investors.
Read More on realmoney.thestreet.com
Stocks to Trade 12-26-16
Bullish Momentum: ACAD, IONS, AGN, NVDA, TSLA
Bearish Momentum: None on the list today
Bullish Order Flow: IONS, NVDA, SLCA TRGP, UNH, UAL, CLVS, COF, PNC, GS, VLO, LRCX, WDC, BA, X, COST, UNP, KMX, IBM, CVX
Bearish Order Flow: dltr, expe, crm, baba, aem, vrtx
Double Normal Volume: GPOR
S&P 500 Heatmap 12-26-16
Stock Market Today
What the world’s top investors read every morning
Every morning, the top venture capital investors in the world wake up, drink a fresh cup of coffee, or Soylent, and mine these blogs and newsletters for insight and the latest deal news.
The top online reads among the investors were[…]
Amazon Gaining Holiday Season Share Vs. Best Buy, Wal-Mart, Apple
Online shoppers are swarming to Amazon.com (AMZN) this holiday season and the e-commerce giant has gained share vs. Best Buy (BBY), Wal-Mart (WMT) and Apple (AAPL), says market research firm Slice Intelligence.
But Amazon and the other FANG stocks — Facebook (FB), Netflix (NFLX) and Alphabet (GOOGL), the parent company of Google — mostly fell in the stock market today, while Apple rose a small fraction.
Twitter executive exodus put pressure on Dorsey
Twitter is ending 2016 the same way it began the year: with executives flying the coop.
The ailing social media company lost two more executives on Tuesday, including longtime CTO Adam Messinger. The news comes barely a month after Twitter’s COO Adam Bain stepped down.
The latest executive departures pushed Twitter’s stock down nearly 5% in midday trading Wednesday as investors weighed the impact on employee retention, product execution and the strain it places on Twitter’s part-time CEO Jack Dorsey.
Goldman Sachs accounts for 24% of Dow’s spectacular Trump rally
Donald Trump ran as an outsider who would shake things up. Ironically, Trump’s election has seriously lifted up shares of Goldman Sachs, a symbol of the establishment he’s promised to disrupt.
Apple Inspired This Fintech CEO To Make A Futures Trading Platform ‘An 8 Year Old Could Use’
The fintech insurgency has given the financial services industry a newfound appreciation for user experience. As a generation of young people who have grown used to easy-to-use mobile experiences come of age in finance, traders have begun to expect the same.
The 10 Best Business Books of 2016
Whether you wanted new ways to think about your business, insightful advice to manage your career, or analysis of the changing business landscape, 2016 offered up just the books you needed. Within that playing field, there were definitely some standouts.
Here are 10 of the best business books published this year.
3 Unexpected Ways Reading Personal Development Books Changed My Life
Reading was never something I was interested in while attending school. Nor was it something I thought I would ever do again once I graduated.
My choices in life after school seemed to take me on quite the adventure — living in four different states in five years, jumping from all different kinds of jobs. Eventually I ended up working for my father’s family business.
Fitbit ends one Jawbone patent case seeking to block device import
It’s a minor holiday miracle. Wearable device leaders Fitbit and Jawbone have been locked in a prolonged legal battle for well over a year, and yesterday Fitbit dropped one of the key pursuits against its fellow fitness manufacturer, dropping a patent violation complaint filed with the U.S. International Trade Commission.