Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Bank of America Corporation (BAC) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Bank of America Corporation (BAC) - free report >>
Image: Bigstock
The Winners and Losers of the Trump RNC
I don’t care if you’re Republican, Democrat, Libertarian, or Rastafarian, everybody is going to win leading up to November. The sheer entertainment value is spectacular from both sides. We’ve got the Democrats next week but first up, the Donald’s Republican National Convention from the mistake by the lake, Cleveland, Ohio. Who are the real winners and losers thus far?
Big winner, World Wrestling Entertainment . Did you see that opening? Where do you think the Donald learned that sort of showmanship? I thought we were gonna get a Stone Cold Stunner last night. Or at least an awesome John Cena cameo. Instead we got Antonio Sabato Jr. But hey, how great is the first Presidential Debate going to be when the Donald reaches into his bag of tricks and busts this out on Hillary?
Big loser, bank stocks like JPMorgan Chase (JPM - Free Report) and Bank of America (BAC - Free Report) . The GOP platform will include language advocating for a return of Glass-Steagall, which created barriers between what big banks can do. The law was repealed under President Clinton and some argue was a major reason for the onset of the Great Recession. It would essentially break up big banks from their investment arms. So JP Morgan would have to leave Chase and Bank of America would lose Merrill Lynch.
Hey, can you people quit giving Melania guff for biting a solid paragraph from Michelle Obama’s 2008 speech? Imagine standing in front of 18,000 people and giving a speech in your fifth language. Yes, she speaks Slovenian, English, French, Serbian and German. And she got a degree in speech writing from Trump University. Rumor has it that Milli Vanilli helped her fill in some details.
If you want to brush up on your German or learn how to write speeches, it’s a win for University of Phoenix parent company Apollo Education . Apollo is a Zacks Rank #2 (Buy) but is being taken private by a consortium of investors that include Apollo Global Management (APO - Free Report) , for $9.50 in cash.
I’m excited for November but even more hyped up for the future. In 2020 we’ll have Kanye West running. Soon thereafter, President Macho Camacho.