275  7TH Ave  7th floor New York , NY 10001                                                                                                                dcullinanecpa@yahoo.com

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​Daniel Cullinane CPA                                   p 848-250-9587                                                                                                                                     

DISRUPTERS

​APRIL NEWSLETTER 2

​Gas prices in South Carolina are often the lowest among the 50 states, based on the average price for a gallon of regular. In some parts of the state, the price per gallon has dropped below $2.

The average price statewide in South Carolina is $2.03, against the national average of $2.33. At the far end of the spectrum, gas prices are $3.02 in Hawaii.

The low gas prices in South Carolina are centered in two cities. The price is $1.97 in Spartanburg and $1.98 in Greenville. Both are well inland and near the North Carolina border. The price in Columbia, in the center of the state, is $2.02. On the coast in Myrtle Beach, $2.07

According to the Post & Courier:

South Carolina’s claim to cheapest gas prices in the nation can be partially attributed to its motor fuel tax, among the lowest in the nation. State lawmakers are trying to raise the gas tax 8-10 cents a gallon over the next five years to help fix the state’s crumbling rodes, but Gov. Henry McMaster doesn’t believe an increase in gas taxes is necessary.

The American Petroleum Institute reports, South Carolina has the second lowest gas taxes among U.S. states, as Alaska has the lowest. The South Carolina number is $.3515. The national average is $.4944. The state with the highest gas taxes is Pennsylvania at $.76

Disruptor" was a buzz word in 2016, and it came in many forms. In the political realm, disruption exhibited in the Brexit vote and the U.S. presidential election. For investors, disruptors are the new, innovative ideas and changing dynamics that are altering the way business is normally done. Looking ahead to 2017, the fruits of disruption abound, according to our 2017 sector outlook. Among the areas that investors may want to take a closer look at are:

Infrastructure spending—The potential for increased government spending on roads, bridges, and the military, among others, could boost certain energy, materials, and industrial stocks.

Regulatory environment—The new administration's stance on financial and environmental regulation could affect financial and energy stocks.

Bio-therapeutics—Advances in cardiovascular preventive drugs, Alzheimer treatments, and immune-oncology treatments may drive health care stocks.

Big data—Select real estate stocks, such as REITs, that operate modern warehouses and data centers may be able to capitalize on the big data trend.

Artificial intelligence—The pace of change in AI is accelerating, with certain tech companies emerging as key leaders.

Internet of things—Self-driving vehicles, wearable devices, robotics, unified control modules and sensors, and telematics may spark some tech, industrial, and energy stocks.

Click on any of the sectors below to see what our experts think might be the best potential opportunities—including both those new disruptors that are reshaping their industry as well as established companies that may be able to adapt to change.

Fidelity Sector Portfolio Builder is an educational tool and you should not rely on it as the primary basis for investment, financial or tax planning decisions. Fidelity does not endorse or adopt any particular investment strategy or approach to screening or evaluating sectors or sector portfolios.

Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments.Because of their narrow focus, sector investments tend to be more volatile than investments that diversify across many sectors and companies.

Diversification does not ensure a profit or guarantee against loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

​International Business Machines Corp. (NYSE: IBM) has confirmed that the company is laying off a “relatively small” number of people at its Research Triangle Park location in Durham, North Carolina. The company also said that affected employees are being offered jobs in other parts of the company.

According to a report at Wral TechWire, an IBM spokesman said, “This is a relatively small action as IBM continues to remix skills to meet emerging client requirements in areas such as Cloud and Cognitive.”

That’s not the way some employees who have been let go see it. On a Facebook page called Watching IBM, comments from some fired workers are pointed:

Please post anonymously. I keep seeing IBM is saying they are refocusing their resources skills in areas like cloud, Watson etc which is a lot of bull. When I got my package, I believed in my manager who says I could try to find another job in another part of the company so I talked to the Watson group, got involved in a couple of POCs, worked on Watson RFPs and got myself trained in Watson and the hiring manager got a hiring ticket to hire me, but HR said no, I had to go. The truth is, they picked people by age and years with IBM, in my case, 56 and 32 years. All these bull shit about refocusing skills is a bunch of lies.

Here’s another:

From Anon: Well after 43 years, 6 months and 13 days my time at IBM will come to an end! I was just informed that my position was eliminated and I will be part of the current resource action with my last day being June 28th, 2017. At 64 years of age, it was a good run but I was hoping the executives could hold off for another year or even two. I was contacted by my manager via instant messaging to call him at 09:00 today, and he said others in the organization are impacted as well. My last few PBC’s (appraisals) were 2’s with a few 2+’s thrown into the mix prior to that. It’s not like I didn’t know this was coming as the writing has been on the wall for over a decade. It’s such a shame to see how far a great company has fallen!

The IBM spokesman said that “many” of the affected employees are being offered jobs from among the 5,000 open listings the company currently has in the United States.

The company has not supplied a number of how many workers are being let go, but a U.K. news site, The Register, cites a tipster: “Today’s the day, and it’s a very big cut, at least in tech sales.” The cuts are expected to hit technical sales and software technical sales hardest.

According to one report, several positions have hiring requisitions ready to go for mid-April. However, the requisitions prohibit hiring anyone back into IBM anywhere for five years.

IBM’s stock traded up about 0.2% in Friday’s premarket, at $174.14 in a 52-week range of $142.50 to $182.79. The consensus 12-month price target is $170.68

BOEING 787

GAS DROPS TO BELOW $2 IN SOUTH CAROLINA