Econ Advisory [11/28/2016] Brodie miller

Portfolio Performance

Portfolio Performance (continued)

Portfolio Performance (continued)

Portfolio Highlights MS estimates almost $4 billion in sales for Google Pixel. Cummins involved in diesel emissions lawsuit. Alaska/Virgin merger almost complete.

Portfolio Highlights Google’s Pixel smartphone which has been released in Q4 of 2016, should help Alphabet monetize Android OS. Google will sell around 5-6 million Pixels next year, which retail between $649 and $869. Google will sell 3 million Pixels in the last three months of 2016, generating $2 billion The Pixel phone will generate a 22%-25% gross profit margin

Portfolio Highlights Cummins has become involved in diesel emissions cheating lawsuit with Chrysler Class action lawsuit alleges companies “conspired to knowingly deceive consumers and regulators of illegally high levels of diesel emissions in their vehicles.” The suit covers owners of 2007-2012 Dodge Ram 2500 and 2007-2012 Dodge Ram 3500 pickup trucks.

Portfolio Highlights Alaska announced they expect settlement with regulators regarding merger with Virgin before end of the month. DoJ has been studying effects of merger on prices and competition. Likely Alaska will have to withdraw from some code-sharing agreements.

Econ / Market Summary US economy heats up Fillon wins first round of French primary Germany’s Merkel to seek fourth term Four major US indices hit record highs Trump will withdraw from TPP on day one UK GDP solid post-Brexit Japan prices continue decline Sunoco Logistics and Energy Transfer Partners to combine

Upcoming Events ECB president Mario Draghi testifies before European Parliament committees on Monday, 28 November US Q3 preliminary GDP is released on Tuesday, 29 November The eurozone consumer price index is reported on Wednesday, 30 November Global manufacturing purchasing managers’ indices are reported on Thursday, December 1 The US releases its November employment report on Friday, 2 December SIC Events…