Diamonds and Dogs
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.