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Two Retailers Who Will Likely Reach New Low's Next Week

Struggling Retailers Earnings Putting a Pinch On Shoe Manufacturers/CNBC

Shares of Foot Locker and Dick's Sporting Goods have fallen 57 and 50 percent respectively this year, and according to David Seaburg of Cowen, the two sneaker stocks could face bigger hurdles when they report next week.

"There is absolute risk to these companies cutting guidance," Seaburg said Friday on CNBC's "Trading Nation." Foot Locker fell more than 20 percent following its earnings report in August after the company slashed its guidance to factor in a slow start to the year. Meanwhile, shares of Dick's Sporting Goods plunged nearly 25 percent following its last earnings report after it cut its full-year outlook.

The struggling retailers will continue to face cyclical and structural pressure, Seaburg added. "Brands like Nike and Adidas are focused on building out their direct-to-consumer channel, which will continue to put significant pressure on the…

Marathon Patent Group (MARA) to Acquire Global Bit Ventures Inc.

Marathon Patent Group to Acquire Global Bit Ventures Inc., a Digital Asset Technology Company Los Anegeles, Nov. 02, 2017 (Globe Newswire)
Marathon Patent Group, Inc. (MARA), an IP licensing and management company, today announced that it has entered into a definitive purchase agreement to acquire 100% ownership of Global Bit Ventures Inc. (“GBV”), a digital asset technology company that mines cryptocurrencies.  GBV has robust infrastructure in place with significant capability for expansion. The closing of the transaction is subject to obtaining requisite approvals.  
“We previously expressed our intent to review alternative business directions with the goal of enhancing shareholder value,” stated Doug Croxall, CEO of Marathon Patent Group. “We believe the acquisition of Global Bit Ventures will take advantage of an ongoing revolution in digital transactions conducted on blockchains as we see increasing adoption and proliferation of blockchain protocols in our everyday li…

What Could Derail The Stock-Market Rally?

What Could Derail The Stock-Market Rally? Earnings Week Is the One to Watch  By

The U.S. stock market feels as though it is made out of Teflon, with virtually nothing able to disrupt its climb to record levels.

The broad S&P 500 index SPX, +0.51% which on Friday closed at a record for the 49th time this year at 2,575.21, has sailed through 350 trading days without a 3% pullback, rising weeks and months on end to a 15% gain since the start of the year.

According to Bespoke Investment Group, “2017 is tied for the fifth most closing highs on record, dating back to 1929.


SinglePoint Completes Acquisition of Profitable Denver Colorado-Based Company

SinglePoint Acquires Denver Based GroupJAG SEATTLE, WA--(Marketwired - Oct 17, 2017)

SinglePoint, Inc. (OTC: SING) today announces its acquisition of Denver-based group, JAG, and offers an update on several corporate initiatives. Through July 2017, JAG recorded $600,000 in revenue with approximately 26% gross margins, following full-year 2016 revenue of $700,000. JAG has achieved year-over-year growth since starting its operations in 2014, and moving forward will provide SinglePoint consistent, predictable monthly revenue. Per the agreement terms, SinglePoint will acquire fifty-one percent (51%) of JAG in a combination of cash and stock, which will allow the Company to recognize all revenues.

"We are very excited for this opportunity as it dramatically increases SinglePoint revenues and profitability. We look forward to continuing investing in and growing SinglePoint's operations while acquiring other companies to generate additional growth. With this latest inves…

iTeknik Holding Corporation Posts FY17 Annual Report and Releases Letter to Shareholders

iTeknik Holding Discusses 2017 Annual Report and Forecasts 2018 Performance West Palm Beach, FL, Oct. 16, 2017 (Globe Newswire)
iTeknik Holding Corporation (ITKH) posted its Annual Report for FY 30, 2017.  Revenues for the year ending June 30, 2017 were 1,144,925 vs. $952,149 for the year ending June 30, 2016.

Fred Wicks, Chairman and CEO of iTeknik stated, “FY 2017 was a pivotal year for us. In the beginning of our year, we transitioned from the Telecom industry to Marketing, Advertising and the digital media space with the start-up of our Big Rhino Agency in January. From January to this past August Big Rhino, which accounts for almost all of our sales, has been able to increase revenues by more than a hundred percent.”

In conjunction with the posting of the Annual Report, iTeknik released the following letter to shareholders.

Dear Shareholders,
On July 1, 2017 we began Fiscal Year 2018 on a very optimistic note because of the remarkable progress we made in the last half o…

5 Stunning Facts About The Chinese Car Market You Need To Know

The Biggest Passenger Car Market in the World is.... ChinaTycho De Feijter

The Chinese car market is in a word, massive. It's truly gigantic and impressive, something like the world has never seen before, and will likely never ever see again. But what does "massive" really mean? It means the Biggest, the Most Brands and Models, the Most Expensive, the Cheapest, and Fully Electrified. Here is the market in 5stunning facts:

1. It is the biggest in the world

The Chinese car market is the biggest passenger car market in the world. It became the largest in 2009, and has remained the largest ever since. In 2015, automakers sold 21.1 million passenger cars, up 7.3% from 2014. That number is less stellar than before, 10% in 2014 and 16% in 2013, but the growth alone (1.1 million) is almost as big as the entire Australian car market (1.15 million).
Growth is accelerating again with an additional 7.8% in March, and new tax breaks for cars with small capacity engines w…

Right On Brands (RTON) To Showcase Humbly Hemp at 2017 FounderMade Consumer Discovery Show

Right On Brands To Showcase Humbly Hemp at 2017 FounderMade Consumer Show Los Angeles, Ca--(Marketwired - Oct 4, 2017)
Right On Brands, Inc. (OTCQB: RTON) announced today that Humbly Hemp will be exhibiting at the New York 2017 FounderMade Consumer Discovery Show in November. The FounderMade New York event is attended by many high profile media influencers, distributors, retailers, and investors who can help fast track a brand onto the road of success.

The FounderMade Summits are fast becoming the ultimate destination for entrepreneurs to build the business of their dreams. The Consumer Discovery Show connects a curated network of best-in-class entrepreneurs, founders, execs, press, bloggers, media influencers, distributors, retailers, and investors. Through the FounderMade platform, we take consumer discovery to the next level. Helping entrepreneurs everywhere scale their business through thought leadership, investment, distribution and high-impact marketing initiatives.