Here’s what you need to know for today:
- Home Depot ($HD) and Dick’s Sporting Goods ($DKS) announced their earnings this morning. Home Depot beat their earnings expectations and their stock is up by over 1%. Dick’s, however, did not, and their stock is down by over 4% before the market opens.
- The Nasdaq and its leading tech stocks (Facebook, Amazon, Netflix, Google) haven’t been doing so hot since the election. Investors are anxiously looking at the Nasdaq index to see if tech stocks will improve any time soon.
- Thomson Reuters is laying off 2,000 people. despite making a profit that beat every financial analyst’s expectations.
What we’re reading this morning:
“Facebook follows Google in banning fake news sites from its ad network” by Rich McCormick, The Verge
As we discussed yesterday, Facebook has a fake news problem. Could this be their first big step to finally eradicating bogus news stories from their feed?
“Ahead of Trump Presidency, Global Investors Sell Bonds and Grab Stocks” by Landon Thomas Jr., The New York Times
The bond market is in a bad place after the election, but stocks are doing fairly well. This is a good explanation as to why this is happening.
“SEC chair Mary Jo White to step down as Obama leaves office, agency says” by Reuters/The Guardian
The Securities and Exchange commission is about to see a change in leadership as the country sees a similar change.
“The Companies Trump Has Criticized” by Bourree Lee, The Atlantic
A look at all the companies Trump has personally spoken out against, and what he can now do to them as president-elect.
What we’re watching this morning:
Last Week Tonight with Jon Oliver spent their season finale (and last show in 2016) focused on president-elect Trump and what it means for the future of our country. It’s a bit on the long side, but it’s more than worth your time.
Share this story with your friends below. They probably can’t wait for the week to be over already.