Diamonds and Dogs

1/3/17

Ford (F) is jumping on the Trump bandwagon. After President elect Trump went after GM this weekend, Ford made an announcement this morning saying they will no longer build a $1.6 billion plant in Mexico and instead invest $700 million in a plant in Michigan. The Ford CEO said it was due to slowing demand for their small car production, but the stock is up 4%.

Nvidia (NVDA) wants to go back to 2016. Nvidia finished out 2016 as one of the best or the best S&P 500 component. However 2017 has only brought sellers with the stock down 4.5%. A combination of a new year for taking profits and a downgrade last week from a prominent short seller has cooled investor enthusiasm for the graphic chip maker.

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