September 13, 2018
Well it had to happen…Jimmy Buffet, the man from Margaritaville, and Beau Wrigley, the former CEO of Wrigley’s gum have joined together in the weed business. Wrigley is now the chairman of Surterra, a medical marijuana firm, and together they will be licensing the “Coral Reefer Brand.” With markets mostly higher today… Our diamond of the day is pot stock Tilray (TLRY), which is up $8 bucks and about $20 in a week. Our dog for the day is JPMorgan after their CEO said he was smarter than Donald Trump. Set your bar higher Jamie, the stock is down over $1 today.
August 28, 2018
After twelve years, CBS and Warner Brothers (a unit of AT&T) is finally shutting down the long running sitcom “Big Bang Theory” next May. And what a run it was…from a peak audience of 23 million viewers per show to each of the seven main stars making over $1 million dollars per episode, the show was a huge success. It also represents the importance of content in the digital world. Amazingly, Warner brothers has received $1.5 billion dollars in domestic reruns alone. As Sheldon would say “Bazinga!”
August 13, 2018
The markets have been edging up and down pending any news of decreasing or increasing trade war fears. But now enough is enough, as tariffs on the cranberry, the quintessential American export, have reduced demand around the world. This, on top of recent overproduction over the past several years, has dropped the market price for the berry to about $30 per barrel, a nearly 10 year low. Sure, this is great for the Martha’s Vineyard crowd as they sip their ice cold Cape Codders. However, this really hurts Wisconsin, the largest U.S. cranberry production state, a state that of course went with Trump…
July 23, 2018
Caps off to the Montgomery Biscuits minor league baseball team, for having a little fun with everyone’s most desired prospects, the Millennials. On Saturday night they hosted a “Millennial Night” promotion which featured avocado burgers, craft beer, nap and selfie stations, and “participation ribbons” just for coming to the game. Nothing beats minor league baseball promotions, my favorite being when the Fort Myers Miracle had “George Costanza Night” where everything is the opposite. Scoreboard ran from the 9th to the 1st, the fans were paid to park, and players asked fans for autographs. “If every instinct you have is wrong, then the opposite would have to be right.”
July 12, 2018
It is half-time for the 2018 markets and the heavy lifting is being done, literally, by just a few stocks. More specifically, a recent report from CNBC indicated that only three companies, you guessed it, Amazon, Microsoft, and Netflix, are responsible for 70% of the move higher in the S&P this year. That alone is amazing, but when it follows an on average gain in 2017 for the same three stocks of about 47%, it becomes a real life Monster Jam show. For the record, the S&P is higher by 4.1% year to date.