Client Login




  • U.S. stock indexes opened little changed on Monday, with losses for banking and technology stocks helping put a halt to Wall Street’s strongest start to a year in over a decade.
  • Investors are waiting for earnings reports to see how much companies would benefit from the recent tax cuts.
  • Shares of Nvidia climbed about 4% after the graphics chipmaker announced partnership with Uber and Volkswagen as its artificial intelligence platforms expand into technology for self-driving cars.


Celgene to Buy Impact Biomedicines

  • Celgene agreed to buy blood-disease biotechnology company Impact Biomedicines for as much as $7 billion.
  • Celgene will make an upfront payment of $1.1 billion for the privately held San Diego company.
  • Should global net sales surpass $5 billion, there could be another payment of as much as $4.5 billion.

Nvidia partners with Uber, Volkswagen and Baidu on driverless cars

  • Nvidia has partnered with Uber, Volkswagen and China’s Baidu in driverless cars.
  • Uber will use Nvidia’s graphics chips for the artificial intelligence computing system in its fleet of self-driving cars and trucks.
  • Volkswagen will use the Nvidia Drive IX software kit in its new I.D. Buzz microbus concept.
  • Baidu and Nvidia are creating an autonomous driving platform for China.

GoPro issues weak guidance and plans to cut workforce by 20%, shares plunge

  • GoPro will lay off at least 250 employees.
  • The company is leaving the drone business, citing future regulation and intense competition.

Kohl’s boosts full-year outlook on strong holiday sales, shares soar

  • Kohl’s on Monday reported same-store sales during the holidays climbed nearly 7% from 2016.
  • Kohl’s raised its full-year profit outlook and now expects fiscal 2017 earnings per share to range from $4.10 to $4.20, versus a prior forecast of $3.72 to $3.92.

Lululemon says holiday season sales better than it expected

  • Lululemon Athletica said on Monday the holiday shopping season was even better that it had expected and raised its profit and revenue forecasts for the fourth quarter.
  • The Vancouver-based company said its forecast for a stronger profit excluded the impact of the recent U.S. tax reform, but it expects to take a significant tax charge in the quarter related to the one-time deemed repatriation tax on foreign earnings.
  • The company now expects net revenue of $905 million to $915 million for the quarter, implying year-over-year growth of roughly 15-16 percent and higher than the forecast of $870 million to $885 million it gave on Dec. 6.

Bristol-Myers sees $3 billion tax hit in fourth quarter 2017

  • Bristol-Myers will record a $3 billion charge in the fourth quarter of 2017 as a result of the U.S. tax reform law passed last month.
  • The expense is primarily related to taxes on unremitted offshore earnings.

Dave & Buster’s stock plunges after lowered profit and sales guidance

  • Shares of Dave & Buster’s Entertainment tumbled in premarket trade, after the restaurant and games venue operator cut its 2017 profit and sales outlook.
  • The company now expects fiscal 2017 net income of $108 million to $110 million, down from previous guidance of $110 million to $112 million.
  • Revenue is now expected to be $1.138 billion to $1.142 billion, compared with a prior outlook of $1.148 billion to $1.155 billion, while the same-store sales guidance range was cut to down 1.0% to down 0.7% from flat to up 0.75%.

iPhones and Children Are a Toxic Pair, Say Two Big Apple Investors

  • A leading activist investor and a pension fund are saying the smartphone maker needs to respond to what some see as a growing public-health crisis of youth phone addiction.
  • Obsessive teenage smartphone usage has sparked a debate among academics, parents and even the people who helped create the iPhone.
  • Apple phones made up 43% of U.S. smartphones in use in 2016, according to comScore , and an estimated 86 million Americans over age 13 own an iPhone.

Exact Sciences to report $265.5-266.5 million in revenue, 168 percent growth for 2017

  • Exact Sciences announced that the company expects to report revenue between $86.9 million and $87.9 million for the fourth quarter.
  • That is an increase of 148 percent from the same quarter of 2016.
  • For the full-year 2017, the company anticipates reporting revenue between $265.5 million and $266.5 million, a year-over-year increase of 168 percent.

Ford to launch diesel truck to grab fuel economy edge

  • Ford executives said they expect the F-150 diesel model with a 10-speed transmission to achieve 30 miles per gallon highway fuel efficiency, a level comparable to some midsize cars.
  • The diesel F-150 will cost between $2,400 and $4,000 more than a comparable gasoline truck, depending on the specific model, Ford executives said.
  • Ford in 2017 sold 896,764 F-series trucks, more than in any year since 2005.

Starbucks wins dismissal in U.S. of underfilled latte lawsuit

  • Starbucks has won the dismissal of a U.S. lawsuit accusing the coffee chain of overcharging customers by underfilling lattes and mochas to reduce milk costs.
  • The Oakland, California-based judge also rejected a claim that milk foam added to lattes and mochas should not count toward advertised volumes.

Back to Top


Economists Stick With Long View for Slower U.S. Growth Despite Recent Uptick

  • U.S. economic growth picked up last year and that could continue into 2018 if tax cuts enacted into law last month spur business investment and consumer spending, as many forecasters expect.
  • The economy grew at a 3.1% annual pace in the second quarter and a 3.2% annual rate in the third quarter.
  • That was well above the post-recession pace of near 2%.

Back to Top


Oil approaches 2015 highs on fewer U.S. rigs, OPEC

  • U.S. West Texas Intermediate (WTI) crude futures had risen to $61.67 a barrel.
  • Brent crude futures were at $67.78 a barrel.

VW 2017 group sales rose to around 10.7 million cars, beating Toyota

  • VW group sales probably rose to around 10.7 million cars last year and kept the German behemoth ahead of Toyota as the world’s largest automaker, Bild am Sonntag reported, citing in-house VW estimates.
  • In 2016, the first full year after VW’s emissions test-cheating “Dieselgate” scandal, group sales rose 3.8 percent to a record 10.3 million cars, helped by a double-digit increase in China and gains in Europe.
  • Toyota said last month it expected to sell 10.35 million cars worldwide in 2017 across its Toyota, Lexus, Daihatsu and Hino brands, up 2 percent from 2016, and 10.5 million this year.

Takata adds 3.3 million air bag inflators to massive recall

  • Japanese air bag maker Takata is recalling an additional 3.3 million faulty air bag inflators.
  • The latest recalls cover frontal air bags in certain 2009, 2010 and 2013 vehicles made Honda, Toyota, Audi, BMW, Daimler Vans, Fiat Chrysler, Ford, General Motors, Jaguar-Land Rover, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Subaru and Tesla.

‘Star Wars: The Last Jedi’ Falls Short in China

  • The movie opened to just $28.7 million, a sign Disney hasn’t hooked Chinese moviegoers yet.
  • “Star Wars: The Force Awakens” opened to $52.5 million over two days in 2016.
  • Last year’s spinoff “Rogue One” took in $32.4 million on its first three-day weekend.
  • Worldwide, “The Last Jedi” has now grossed just over $1.2 billion.

Back to Top


  • Woodrow Wilson outlined his Fourteen Points peace program. (1918)
  • Charles de Gaulle became the first president of France’s Fifth Republic. (1959)
  • President Lyndon Johnson announced his War on Poverty. (1964)
  • The AT&T Bell System telephone monopoly agreed to divest itself of 22 Bell System companies and split itself into seven “Baby Bells.” (1982)

This information has been prepared from sources believed to be reliable, but no representation is being made as to its accuracy or completeness. The information provided should be used only as general information and is not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in the material may not develop as predicted. All indices, such as the S&P 500, are unmanaged and may not be invested into directly. Sources: Reuters, Bloomberg, Wall Street Journal.

Content posted by third parties on this site is screened in order to protect clients’ privacy and comply with regulatory requirements. Content containing sensitive personal information, inappropriate language, information about specific investments, misleading information, information about other companies or websites, or information related to litigation will be removed. Content posted by third-parties on this site remains the responsibility of the party posting the content and is not adopted or endorsed by Pence Wealth Management or LPL Financial. Any opinions or statements posted by third parties are their own and may not be representative of the experience of others and are not indicative of future performance or success. Third party content on this site does not reflect the views of LPL Financial and have not been reviewed by LPL Financial as to accuracy or completeness.

Comments are closed.

All Financial Consultants at Pence Wealth Management are Registered Representatives with, and securities and Advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA & SIPC. Financial Planning offered through Pence Wealth Management, a Registered Investment Advisor and separate entity from LPL Financial. The LPL Financial representative associated with this website may only discuss and/or transact securities business with residents of the following states: Alaska (AK), Alabama (AL), Arkansas (AR), Arizona (AZ), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Kansas (KS), Kentucky (KY), Louisiana (LA), Massachusetts (MA), Michigan (MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV),

New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Texas (TX), Utah (UT), Virginia (VA), Washington (WA), Wyoming (WY), Washington (DC)

Laila Marshall-Pence CA Insurance Lic# 0545421