Spotting a winner: I asked the head deal guy of consumer products maker Church & Dwight (CHD) at The Deal Economy conference on Thursday about Clorox's (CLX) push into new categories via acquisitions. He called them "annoying" and shed light on key recent hires Clorox has made on their deal team. Am I surprised to hear this? Nope, I have closely watched (and talked to) Clorox CEO Benno Dorer crush it since taking over in late 2014. When a rival calls you annoying and highlights your aggressiveness it's often a sign you are winning ... and those rivals are a touch scared. BTW, tell your friends to sign up for my free newsletter. This insider info needs to be shared!
Tired of Tesla: Electric carmaker Tesla (TSLA) received its fair share of buzz at this week's LA Auto Show, which is nuts seeing as it just parked a Model 3 at the show's entrance. Nothing else. Hopefully, some shareholders showed up, saw a Model 3 for the first time, didn't understand why they bought the Tesla hype and then planned to dump all their shares in a block trade early this month. The company will have a horrendous 2018 financially. You know who silently stole the show? Ford's (F) Lincoln division -- the new compact SUV dubbed the Nautilus is cute as hell and possibly a strong seller.
Is the end near?: No joke, awoke this morning to a series of news that immediately got me thinking the bottom will drop out of the market this month. First up is France's central bank noting this on red-hot bitcoin via their Twitter account: "Bitcoin's value and extreme volatility have no economic basis, and they are nobody's responsibility." Here is a nice guide on how a bitcoin crash would happen via TheStreet's expert Tanzeel Ahktar. Hopefully Jerome Powell calls out bitcoin in 2018 from the Fed's Snapchat account. Meanwhile, China's stock market continues to be under pressure on fears of tightening liquidity in 2018. China's CSI 300 index is now down 5% since Nov. 22. Sprinkle in U.S. tech shares like Apple (AAPL) and Facebook (FB) still being under pressure (each are down on the week), and signs point to a month of profit-taking. Or, a full-on correction in early 2018...
Alibaba, What's Up Here?
One of the hottest eCommerce companies around, Alibaba (BABA) , quietly has been swept up into the tech stock sell-off. With shares down 5% over the last month, you have to wonder what the market is seeing for the first half of 2018.
When You See This
When local news trucks are lining Wall Street to talk Dow 24,000, it may be time to consider moving to cash. No?
News trucks descend on Wall Street to talk Dow 24,000.
Move to cash now. pic.twitter.com/zGO0Xke7J9— Brian Sozzi (@BrianSozzi) December 1, 2017
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