Here are five things you must know for Monday, Oct. 12:

1. — Stock Futures Edge Higher Amid Stimulus Uncertainty

Stock futures edged higher Monday amid uncertainty over the prospects for further fiscal stimulus and as investors prepared for quarterly earnings reports from the biggest banks in the United States.

Contracts linked to the Dow Jones Industrial Average rose 59 points, S&P 500 futures were up 23 points and Nasdaq futures rose 199 points.

Stocks closed higher Friday after the White House raised its coronavirus aid proposal to $1.8 trillion, up from $1.6 trillion. The offer, however, still remains below the latest proposal of $2.2 trillion from Nancy Pelosi and House Democrats.

Pelosi rejected the latest Trump proposal as “one step forward, two steps back,” but said she was still hopeful progress can be made toward a relief package.

“I remain hopeful that (Friday’s) developments will move us closer to an agreement on a relief package that addresses the health and economic crisis facing America’s families,” Pelosi said in a letter to Saturday to colleagues.

The Dow last week jumped 3.3%, the S&P 500 rose 3.8% – its best week in three months – and the Nasdaq gained 4.6%.

2. — JPMorgan Chase and Citigroup Kick Off Earnings Season

Earnings reports are expected this week from JPMorgan Chase  (JPM) – Get Report, Citigroup  (C) – Get Report, Bank of America  (BAC) – Get Report, Wells Fargo  (WFC) – Get Report, Goldman Sachs  (GS) – Get Report, Morgan Stanley  (MS) – Get Report, Johnson & Johnson  (JNJ) – Get Report, Delta Air Lines  (DAL) – Get Report, United Airlines  (UAL) – Get Report, UnitedHealth 

Here are five things you must know for Monday, Oct. 12:



a large white building: Apple, Stimulus, Mallinckrodt, Los Angeles Lakers - 5 Things You Must Know Monday


© TheStreet
Apple, Stimulus, Mallinckrodt, Los Angeles Lakers – 5 Things You Must Know Monday

1. — Stock Futures Fluctuate Amid Stimulus Uncertainty

Stock futures fluctuated Monday amid uncertainty over the prospects for further fiscal stimulus and as investors prepared for quarterly earnings reports from the biggest banks in the United States.

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Contracts linked to the Dow Jones Industrial Average fell 3 points, S&P 500 futures were up 11 points and Nasdaq futures rose 123 points.

Stocks closed higher Friday after the White House raised its coronavirus aid proposal to $1.8 trillion, up from $1.6 trillion. The offer, however, still remains below the latest proposal of $2.2 trillion from Nancy Pelosi and House Democrats.

Pelosi rejected the latest Trump proposal as “one step forward, two steps back,” but said she was still hopeful progress can be made toward a relief package.

“I remain hopeful that (Friday’s) developments will move us closer to an agreement on a relief package that addresses the health and economic crisis facing America’s families,” Pelosi said in a letter to Saturday to colleagues.

The Dow last week jumped 3.3%, the S&P 500 rose 3.8% – its best week in three months – and the Nasdaq gained 4.6%.

2. — JPMorgan Chase and Citigroup Kick Off Earnings Season

Earnings reports are expected this week from JPMorgan Chase , Citigroup , Bank of America , Wells Fargo , Goldman Sachs , Morgan Stanley , Johnson & Johnson , Delta Air Lines , United Airlines , UnitedHealth , BlackRock and Walgreens Boots Alliance .

JPMorgan Chase, Goldman Sachs and Johnson & Johnson, are holdings in Jim Cramer’s Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells the stocks? Learn

Name three things these five companies have in common: AutoZone,

Booking Holdings,

Cable One,

NVR

and

Seaboard.

One: Their shares are among the priciest in the U.S. stock market — all in four figures. Two: They have almost never split their stock. Three: All enjoy among the highest-quality shareholders measured by long-term horizon and portfolio concentration.

These are not coincidences, yet the shared experience seems lost on the increasing number of companies doing stock splits, from

Apple

(ticker: AAPL) to

Tesla

(TSLA). Both of these companies recently split their stock in order to cut share price. They apparently are trying to attract shareholders who will also be customers. But while that might be good product marketing, it is definitely bad investor stewardship: Stock splits degrade a company’s shareholder quality.

Managers and investors alike should care about which shareholders grace a company’s shareholder list. At companies brimming with transient shareholders, managers bend toward a short-term focus, while those dominated by indexers get shareholder proposals and votes aligning with prevailing social and political fashions.

Some companies attract a greater proportion than others of patient and focused shareholders — what Warren Buffett has dubbed “high-quality shareholders” (QSs for short). While all public companies have transients and indexers among their shareholders, those with a higher density of QSs get longer strategic runways that are associated with superior performance.

Companies shape their shareholder base through dozens of corporate practices. Actions that focus on stock price tend to draw transients while those emphasizing business performance attract QSs. Stock splits are riveted on stock price; managers who cultivate quality shareholders shun them.

After all, stock splits are like exchanging a dime for two nickels. They produce no economic effect, but carry subtle psychological ones. Side-effects include increasing a company’s market capitalization, despite no change in

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Watching Tiny World on Apple TV+ — or even just watching the trailer for Tiny World on Apple TV+ — you may find yourself wondering how, exactly, this docuseries got so up close and personal with such teensy-weensy animals.

In the exclusive featurette above, three filmmakers break down the technology and the processes used to film some of the smallest creatures from all over the planet, including the strawberry poison-dart frog, the northern goshawk, and the golden-tailed gecko. 

If it looks like a lot of work, it was: Tiny World was almost 10 years in the making. But all you have to do to enjoy the fruits of their labor is kick back, relax, and let Ant-Man Paul Rudd’s soothing narration take you away when Tiny World premieres Oct. 2 on Apple TV+.

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Source Article

WILLISTON, Vt., Sept. 29, 2020 /PRNewswire/ — Winooski Insurance of Williston, VT has announced their intention to host a Celebration of Vermont Business Owners on October 16, 2020. On Friday they sent emails to hundreds of Vermont-based business owners, inviting them to RSVP for a free Vermont Apple Pie to be distributed on October 16th. It is their way of paying respects to those employers that have shown perseverance, resilience, and leadership throughout this COVID-19 period.

Winooski Insurance Logo
Winooski Insurance Logo

“It’s definitely been an unusual year, and we’re taking this unusual action because we want to do our part to try and spread some good cheer and optimism,” said Jeffrey Mongeon, President of Winooski Insurance. “We have over a thousand of them as clients and we know what they’ve been going through. We want to show our appreciation of them and all business owners, and we hope to inspire others to take unusual actions if they can.”

The event is not just reserved for Winooski Insurance clients. Hundreds of non-clients were also invited to partake, and social media posts are expected to reach many business owners not reached through email.

To further support the Vermont economy, Mr. Mongeon has made it a priority to source the pies from South Burlington’s La Cucina d’Amore Catering, and the apples from Richford’s Seven Saplings Farm. “We are completely committed to our community and we like reinvesting in it when we have the opportunity,” said Mr. Mongeon.

If you did not receive an invite you can contact Winooski Insurance directly by email at ClientConnect@Winooski.com.  

About Winooski Insurance
An Independent Insurance Agency specializing in business (commercial) insurance products and consultations. Since 1982 Winooski Insurance has worked diligently to build life-long relationships built on transparency, trust and integrity. Serving Vermont and