Quick Bytes Tuesday June 14th: BAC, MSFT, LNKD, AMZN, SPY, OIL, BREXIT

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A quick digest of what’s hot and trending for Tuesday, June 14th. Here are your quick news bytes (yes we know it is bites):

  1. Elazar Advisors, LLC on SeekingAlpha whom has been bearish for weeks on the SPY believes the Dollar is weakening and a Brexit will make it worse. They are selling the SPY and US Dollar vs Euro and Yen. (SeekingAlpha)
  2. Bank of America Corp (NYSE:BAC) at a conference in D.C said that stress tests are forcing banks to restrict lending, and believes that over the next 10 to 15 years people will ask whether they got it right. (SeekingAlpha)
  3. Chris Lau on SeekingAlpha says what I said yesterday that Microsoft Corporation (NASDAQ:MSFT)‘s buy of LinkedIn Corp (NYSE:LNKD) is a bad move. He brings up the obvious points that Microsoft has not been good with acquisitions and that there are risks for investors if Microsoft’s cloud offerings do not benefit from LinkedIn. (SeekingAlpha)
  4. Retail sales topped expectations in May, but Non-store retailers did the best with 12 year over year growth. It is expected Amazon.com, Inc. (NASDAQ:AMZN) had a lot to do with that. Health and personal care  drove solid gains with 8% year over year growth, while Department stores were laggards with a 6% year over year decline. (SeekingAlpha)
  5. Louis Naveiller talks about the worry warts concerned about British vote to exit the Euro and whether the Federal Reserve will raise rates tomorrow or in late July. He looks at market behavior during the Fed’s most recent rate cycles and the longer term effect. He draws the main conclusion that there is no hard and fast conclusion but external events have more of an impact then a few 0.25% rate increases. (SeekingAlpha)
  6. Moody’s will review Microsoft Corporation (NASDAQ:MSFT)‘s ‘AAA’ credit rating after the LinkedIn Corp (NYSE:LNKD) purchase. Microsoft is raising debt to fund the purchase since much of its cash is stuck overseas. (SeekingAlpha)
  7. Gaurav Agnihorti looks at a bullish case for oil as Nigeria’s crude oil production has fallen and Saudi Arabia is more focused on achieving goals set in its ambitious National Transformation Program which limits oil output capacity. (SeekingAlpha)

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