Financial News

Welcome to our 24/7 rolling blog of curated financial news. Each content-item has been sourced from thousands of financial news websites and has been matched to a specific platform-based business either by direct mention, or by industry classification.

28 Jan, 2020
The chipmaker will announce its fourth-quarter results after the close of trading today, and it sure looks as if investors are optimistic. Advanced Micro Devices (AMD) was the best-performing stock in the S&P 500 last year, and it’s up almost 8% so far this year. Stocks sold off because investors are worrying that a deadly Coronavirus outbreak in China could spread—and hurt global economic activity.
Some of the stocks that may grab investor focus today are:Wall Street expects Pfizer Inc. (NYSE: PFE) to report quarterly ...
* European shares and S&P futures bounce after worst day since Oct Asia falls again but finishes off lows
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.SAP SE raised its outlook for adjusted operating profit but cloud revenue forecasts wavered, as the software giant’s new chief executive officers’ plot how to compete with U.S. rivals.Europe’s biggest tech company by market value has spent the past few years concentrating on growing its cloud business.However SAP’s fourth-quarter results were “mixed,” analysts at MainFirst said, adding that while licenses and operating margins were ahead of predictions, cloud revenues came in below expectations.The company’s shares fell as much as 2.7% in early trading Tuesday.The results mark the first full quarter under co-CEOs Christian Klein and Jennifer Morgan, after chief Bill McDermott stepped down in October after 10 years at the helm.McDermott spent $26 billion on six major cloud acquisitions and was the main advocate for the $8 billion acquisition of cloud-software company Qualtrics International Inc., the company’s largest-ever deal.Klein and Morgan must find ways to compete with younger companies like Salesforce.com Inc. and Workday Inc. while encumbered by a traditional enterprise software business.SAP reported a 25% increase in new cloud bookings to 2.27 billion euros ($2.5 billion) for 2019, but reduced its guidance for 2020 cloud revenue growth, while the mid-point of operating-profit growth was below prior guidance.Over the fourth quarter, revenue at the Qualtrics business hit 156 million euros.One of SAP’s biggest customers moved a large chunk of its business to the cloud, which contributed 10 percentage points to the total new cloud-bookings growth of 19%. This suggests that new growth, excluding this contribution, was in high single digits, analysts at MainFirst said.Lower growth in the high-margin cloud business is also likely to weigh on the company’s overall profitability, Jefferies analyst Julian Serafini said in a note on Tuesday.SAP lifted its estimates for adjusted operating profits to 8.9 billion euros to 9.3 billion euros, from 8.8 billion euros to 9.1 billion euros. That compares with an average analyst estimate of 8.82 billion euros, according to estimates compiled by Bloomberg.“We are running our business at a global scale quite resilient against any kind of geopolitical tensions and trade sanctions in the world,” Klein said in an interview with Bloomberg TV Tuesday.For the fourth quarter, SAP reported adjusted operating profit rose 12% to 2.84 billion euros, compared with an estimate of 2.85 billion euros. Revenue rose 8.3% to 8.05 billion euros, compared with estimates of 8.09 billion euros.(Updates with comments from SAP co-CEO Christian Klein and additional context)\--With assistance from Kit Rees.To contact the reporter on this story: Sarah Syed in London at ssyed35@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Companies Reporting Before The BellUnited Technologies Corporation (NYSE: UTX) is estimated to report quarterly earnings at $1.84 ...
DP World, one of the world's largest port operators, has suspended all staff travel to China until further notice due to the coronavirus outbreak there.
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr
While there are several ETFs in the space with Apple in their top 10 holdings, here are the ones that have Apple as the top or the second firm with a double-digit allocation:
Comprehensive solution converges the IT with OT to provide advanced anomaly detection
Cisco Drives the Industry Forward with an AI Infusion and New Product for the World's Largest Contact Centers
Better, More Engaged Meetings? Yes, Please!
Cisco unveils innovations to help businesses push their boundaries by reimagining their applications, empowering their teams, securing their data, and transforming their infrastructure
Markets in Asia Pacific continued to trade lower on Tuesday, as the novel Coronavirus continues to claim victims in the Hubei province ...
The Trump administration is poised to add several African countries to a U.S. travel ban list, including Africa’s top tech hub, Nigeria. Politico first reported the White House is considering Tanzania, Eritrea, Sudan and Nigeria for new travel restrictions, to coincide with the three-year anniversary of Trump’s original executive order, that targeted majority Muslim nations. […]
The company has asked its suppliers, many of whom have manufacturing centers in China, to make up to 80 million iPhones in the first half of 2020, the Nikkei reported, citing people familiar with the company's plans. Apple has booked orders for up to 65 million of its older iPhones and up to 15 million units of a new cut-price model that it plans to unveil in March, according to the report.
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FinancialContent
These companies delight millions of consumers, and we bet they'll do the same for investors.
Apple Inc's plan to ramp up iPhone production by 10% in the first half of this year may hit a roadblock as the coronavirus outbreak spreads across China, the Nikkei Asian Review reported on Tuesday.
A new strain of virus spreading across China has claimed its first victim in Beijing, officials said on Tuesday, as the death toll climbed to 106, the United States warned citizens against trips to the country and financial markets again recoiled.
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FinancialContent
Checking in on two of the biggest tech companies and the shakeups they’ve just had.
Wall Street will look to a series of bluechip corporate earnings this week, highlighted by Apple later today, to pull stocks out of the biggest single-day decline since October as fears linked to the spread of the deadly coronavirus in Asia continue to cloud markets around the world.
Stock futures rise modestly as investors prepare for earnings from such blue-chip companies as Apple, 3M and Lockheed Martin; the earnings reports could shift the market's focus away from the spread of the deadly coronavirus in Asia; Boeing secures $12 billion in financing, say reports.
SmarTrend identified an Uptrend for Facebook Inc-A (NASDAQ:FB) on October 17th, 2019 at $190.31. In approximately 3 months, Facebook Inc-A has returned 13.00% as of today's recent price of...
SmarTrend identified an Uptrend for Netflix Inc (NASDAQ:NFLX) on October 17th, 2019 at $304.50. In approximately 3 months, Netflix Inc has returned 13.05% as of today's recent price of...
Facebook Inc and other global companies including LG Electronics Inc and Standard Chartered Plc are restricting travel to China, as the death toll from a flu-like virus rose above 100 on Tuesday.
(Bloomberg) -- Apple Inc.’s China-centric manufacturing base is at risk of disruption after the Lunar New Year holiday as the company’s partners confront the coronavirus outbreak that has gripped the country and caused more than 100 deaths.Virtually all of the world’s iPhones are made in China, primarily by Foxconn’s Hon Hai Precision Industry Co. at its so-called iPhone City in Zhengzhou and by Pegatron Corp. at an assembly site near Shanghai. Each of those locations is more than 500 kilometers away from Wuhan in central China, the epicenter of the viral outbreak, but that distance doesn’t immunize them from its effects.“I can’t imagine a scenario where the supply chain isn’t disrupted,” said veteran industry analyst Patrick Moorhead of Moor Insights & Strategy. “If there’s one major hiccup in the raw materials, fabrication, assembly, test, and shipping, it will be a disruption.”Apple has been increasing production to meet higher-than-anticipated iPhone demand, Bloomberg News reported last week. The company typically launches its new high-end iPhones around September, so the virus is unlikely to have meaningful impact on those plans, however the company is also preparing to begin mass production of a new low-cost iPhone in February, which is more at risk.Apple has roughly 10,000 direct employees in China, across its retail and corporate entities. Its supply chain also has a few million workers manufacturing products like the iPad, iPhone and Apple Watch. Many of those employees have been home the past few days for the holiday, and the company hasn’t said if it is asking them to stay home for longer to prevent the virus spreading. Chinese authorities have imposed severe travel restrictions and taken the drastic step of quarantining the entire city of Wuhan, a population of more than 11 million.“Supply chain disruption is a worry if employees across Foxconn and other component manufacturing hubs in China are restricted,” said analyst Dan Ives of Wedbush Securities Inc. “If the China outbreak becomes more spread it could negatively impact the supply chain which would be a major investor worry.”An Apple spokeswoman declined a request for comment.Foxconn said it is monitoring the situation in China and following all recommended health practices. It declined to comment on production in specific locations but said, “We can confirm that we have measures in place to ensure that we can continue to meet all global manufacturing obligations.”Confirmed cases of the coronavirus are rising in Henan province -- home to Zhengzhou facility -- which may lead Hon Hai or the government to close factories to prevent further contamination, Bloomberg Intelligence analyst Matthew Kanterman wrote. The province accounted for a quarter of China’s smartphone exports last year, while China’s exports make up 27% of global smartphone sales, he said, citing government and IDC data. Foxconn is estimated to account for more than 60% of Henan’s total trade.The Cupertino, California-based company prepares for extreme scenarios such as the coronavirus by mandating that major components be dual-sourced -- both in terms of vendors and geography -- and a major immediate impact to its production plans is unlikely for now, according to a person familiar with its operations. Even so, the vast majority of its assembly work is done in China, and so a shortage of workers for assembly lines will have a direct impact on shipment numbers.Apple put the redundancy policy in place after the 2011 earthquake and tsunami that hit Japan and led to component constraints for the iPad 2 that the company launched that year.While Apple doesn’t have any stores in Wuhan, it does have dozens of retail locations across the Chinese mainland. The company hasn’t announced any closures yet, however it has shortened the opening hours of several stores in the country through Feb. 7, according to a review of its retail website. That shift could be due to the Chinese government extending the lunar holiday as a means to control the virus.Along with its local workforce, Apple also relies on many of its U.S. staff going back and forth across the Pacific Ocean, with United Airlines Inc. last year revealing the company was spending $35 million per year flying employees between San Francisco and Shanghai alone. That included 50 daily business-class seats, according to the airline. How the virus outbreak may affect the research and development efforts that those trips facilitate has yet to be established.Investors and analysts will be looking to Chief Executive Officer Tim Cook to make comments on the virus and its impact on Apple during Tuesday’s conference call to discuss the latest quarterly financial results. Cook tweeted over the weekend that Apple “will be donating to groups on the ground helping support all of those affected” by the virus.To contact the reporters on this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.net;Debby Wu in Taipei at dwu278@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Vlad SavovFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- A drill longer than the city’s tallest skyscraper has been constructed just outside Stockholm to build a tunnel for new power cables needed to meet soaring demand. Elektra, a 240-meter (787 feet) long specially built boring machine weighing more than 1,000 tons, will pierce through the city’s rock of granite and gneiss. Drilling the tunnel rather than the more common method of blasting will create less vibration. It will run below two of the city’s universities, the exclusive Ostermalm neighborhood and the Skeppsholmen island that houses a museum of modern art.The city of about 1 million people is urgently in need of more power capacity. The population is growing by about 40,000 every year. New residential areas are boosting electricity demand, while industrial customers including new server halls, are also increasing consumption. “We’re using more and more power and the power system have to handle new kinds of production and fast changes in the use of electricity,” said Rolf Axen, project manager for the tunnel at grid operator Svenska Kraftnat. “This is one of 50 projects for electrical distribution that is important to sustain the development of the Stockholm region.”The tunnel will be 13.4 kilometers long and will run about 50 to 100 meters below the surface. It will dip underground in Danderyd, one of the city’s most affluent areas, and surface at Hammarby Sjostad, south of the trendy Sodermalm island. The high-voltage cables will connect to already existing sub stations that will help spread the power locally.Elektra will drill about 100 meters per week on average and work is due to start on Feb. 1 and continue for four years. The tunnel itself will be 5 meters in diameter. The parts for the drill arrived in November on about 30 trucks from German manufacturer Herrenknecht AG and has been assembled on site. Elektra will use grippers to advance through the 5-diameter tunnel and will be powered by a long electricity cable. The whole project will be ready by 2027, costing about 3 billion Kronor ($310 million).To contact the author of this story: Lars Paulsson in London at lpaulsson@bloomberg.netTo contact the editor responsible for this story: Andrew Reierson at areierson1@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
WhatsApp reported a sharp escalation in the number of vulnerabilities it found on its platform in 2019, raising fresh questions about the security of an app that has often been hailed for safe private messaging. Data from the US National Vulnerabilities Database, a US government repository of flaws, shows that the Facebook-owned messaging service disclosed 12 vulnerabilities last year — seven of which were classified as “critical” — a significant jump from the past few years, when just one or two medium-level vulnerabilities were disclosed.
* Locked-down Wuhan residents seek to boost morale -social media
The United Kingdom's Prince Andrew hasn't followed up on his public statement offering cooperation in the investigations of the ...
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.India’s Prime Minister Narendra Modi has taken a keen interest in the preparation of the government’s upcoming budget to help spur growth in Asia’s third-largest economy.Modi and his Finance Minister Nirmala Sitharaman have separately held meetings with dozens of economists, industry leaders and farmers’ groups, among others, to hear views on measures needed to solve the growth slowdown puzzle.As Sitharaman prepares to deliver her budget speech on Feb. 1, here’s a look at five key people in the government who are working behind the scenes to draw up the income-and-spending plan.Rajiv Kumar, Finance SecretaryKumar, the top bureaucrat in the finance ministry, has overseen bold banking reforms, including a plan to merge state-run banks and a massive recapitalization drive to help lenders laden with one of the worst bad-loan ratios in the world. He is expected to provide vital inputs to steer the shadow banking sector out of crisis, and give a push to credit growth to boost consumption in the economy.Atanu Chakraborty, Economic Affairs SecretaryChakraborty, a government-assets sale expert who took charge of the economic affairs department in July, consigned India’s maiden overseas sovereign bond sale plan to the back-burner. While economic expansion slipped below 5% under his watch, a panel led by him prepared a more than $1 trillion infrastructure investment program to revive growth. His inputs are critical to determining India’s budget deficit goal, as also raising resources to pump- prime the economy.T.V. Somanathan, Expenditure SecretarySomanathan, the latest entrant to the finance ministry, has his task cut out: rationalizing government spending in a manner that it boosts demand and minimizes wasteful expenditure. Having worked in the prime minister’s office earlier, he would probably understand better what kind of a budget Modi would like to see.Ajay Bhushan Pandey, Revenue SecretaryPandey is assigned with raising resources and is probably the bureaucrat most under pressure, given lower-than-estimated revenue collection amid a slowdown. With $20 billion worth of corporate tax cuts last year yet to yield results in terms of investments, he might influence adoption of some of the proposals in the Direct Tax Code, which has suggested doing away with some of the exemptions.Tuhin Kanta Pandey, Disinvestment SecretaryHe is responsible for the strategic sale of Air India Ltd. -- bids for which were invited Monday -- and other state-owned companies, with divestment forming a major chunk of the government’s income mobilization efforts. Although the current year’s target of 1.05 trillion rupees is likely to be missed by a mile, a huge target next year isn’t ruled out.(Updates with details on Air India divestment process in last paragraph.)To contact the reporters on this story: Vrishti Beniwal in New Delhi at vbeniwal1@bloomberg.net;Siddhartha Singh in New Delhi at ssingh283@bloomberg.netTo contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Karthikeyan SundaramFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- InterviewBit, a startup that offers online training for a career in programming, has raised $20 million from Tiger Global Management, Sequoia Capital India and others at a valuation of $110 million.The Bangalore-based outfit offers daily live-streamed classes to prepare aspiring software engineers for the notoriously competitive job interviews in their industry. It guides students with the help of remote personal mentors and, upon completion of training, looks to match them with available jobs, with no payment until they are employed. Its six-month coding bootcamp called Scaler Academy has received more than 200,000 applications since it launched in April.“India has a surfeit of engineering graduates but traditional colleges are not equipped to cater to the in-demand skills,” Abhimanyu Saxena, co-founder of InterviewBit said in a phone interview. “Companies face a huge challenge in hiring quality talent.”India has thousands of engineering colleges, but more than 80% of their graduates are deemed “unemployable” by tech companies as they lack the hands-on coding training or exposure to projects, according to a study by recruitment analysts Aspiring Minds last year. The country’s outsourcing industry employs millions, but they also need to be retrained in new skills such as artificial intelligence and mobile app development.Strong global demand for the latest software skills has seeded a novel crop of coding schools around Bangalore that offer to upgrade programming skills on a pay-after-placement basis.InterviewBit’s model makes it accessible to students and engineers without any geographical or financial constraints. Those who get placed pay a portion of their salary from the first two years to the startup. “Our most successful students come from unknown engineering colleges in smaller cities,” said Saxena.Coders from its seven batches, including one cohort in the U.S., have been placed at global technology companies including Amazon.com Inc., Microsoft Corp. and Alphabet Inc.The company will use the $20 million to scale up enrollment and launch in new markets.To contact the reporter on this story: Saritha Rai in Bangalore at srai33@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Vlad SavovFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Q2 2020 Atlassian Corporation PLC Earnings Call
Mackenzie Bezos, the former wife ofAmazon.com Inc.(NASDAQ:AMZN) founder Jeff Bezos, has unloaded a little over 200,000 ...
Facebook Inc has asked employees to suspend non-essential travel to mainland China to prevent the spread of the coronavirus, a spokesman said on Tuedsay.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
(Bloomberg) -- The official Twitter accounts for more than a dozen National Football League teams have been hacked, less than a week before the Super Bowl.Official verified Twitter Inc. accounts for a number of teams, including the Super Bowl-bound San Francisco 49ers and Kansas City Chiefs, no longer have profile photos on the social media service. A tweet sent by the official Green Bay Packers Twitter account reads, “We are here to Show people that everything is hackable,” and attributes the breach to a group called OurMine. Screen shots on Twitter show similar tweets were sent from other official team accounts, but have since been deleted.OurMine has previously been linked to other Twitter hacks, including on the account of Chief Executive Officer Jack Dorsey. In June 2016, OurMine claimed credit for breaking into Facebook Inc. CEO Mark Zuckerberg’s Twitter and Pinterest accounts. OurMine’s Twitter account was subsequently suspended. Another account mentioned in some of the tweets Monday, @OurM1ne, was suspended after the hack of the NFL teams.In December 2016, hacking team OurMine accessed Netflix Inc. and Marvel Entertainment LLC’s Twitter accounts and posted the message, “Hey, it’s OurMine, Don’t worry we are just testing your security, contact us to help you with your security.”A Twitter spokeswoman confirmed the NFL accounts were hacked, and said the company has locked the accounts and is investigating further. Later Monday, a second Twitter spokeswoman added that “the accounts were hacked through a third-party platform” used to manage the accounts.The NFL, whose account was also hacked, didn’t immediately respond to a request for comment.It’s the second straight day that NFL teams were targeted on the site -- notable in part because the league’s championship game is set for Feb. 2 in Miami. On Sunday, the day of the annual Pro Bowl, hackers trolled some fans of the Chicago Bears after taking over the team’s official Twitter account. The hackers tweeted that the team had been sold, and also that it had traded away its best player.“Yes, our official team Twitter account was compromised yesterday,” a spokesman for the team said. “We worked directly with Twitter to rectify it in about an hour or so.”(Updates with Twitter statement on third-party platform in the fifth paragraph.)\--With assistance from Kartikay Mehrotra and Eben Novy-Williams.To contact the reporter on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Despite AAPL's strong performance, there are some analysts with mixed outlooks. Here is a bullish and bearish argument from two analysts.
(Bloomberg) -- Facebook Inc. started restricting employee travel to China as the deadly coronavirus continues to spread across the world’s most populous country, according to people familiar with the decision.The limits, which went into effect Monday, halt non-essential travel to China by all Facebook employees. If workers have to visit the country, they need specific approval. Facebook staff based in China, and those who recently returned from trips to the country, are also being told to work from home, said the people, who asked not to be identified discussing private communications. The company declined to comment.Honda Evacuates, Starbucks Stores Shut: Virus Impact on BusinessThe travel restrictions at the social media company are likely to impact its hardware division, which sells devices such as the Portal video chat hub and Oculus virtual reality headsets. Hardware requires frequent travel from the company’s Silicon Valley offices to China, where engineers and managers oversee product development, meet with suppliers and transport prototypes.Facebook’s current products likely won’t be impacted, but the move could cause engineering delays on future devices, one of the people said. The company is looking to other facilities that it has in Vietnam to pick up any work that can’t be done in China, the person added.While Facebook is one of the smaller hardware makers among the U.S. technology giants, its plight underscores the potential impact of the virus on the industry. The majority of Apple Inc.’s vast supply chain is in China and other parts of Asia. Amazon.com Inc. and Alphabet Inc.’s Google also make their devices in the region.To contact the reporters on this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.net;Kurt Wagner in San Francisco at kwagner71@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Amazon stock has fallen over 4% in the last six months. It appears that investors are worried about Amazon's profit. But how long will Amazon stock stay stagnant as the e-commerce powerhouse spends to speed up its delivery?
The Nasdaq 100 gapped lower on Monday morning as coronavirus fears sparked risk aversion. Similarly, the S&P 500 suffered its largest gap lower since May 13.
Shares of Apple Inc (NASDAQ:AAPL) opened today above their pivot of $308.93 and have already reached the first level of resistance at $309.83. Should the shares continue to rise,...
27 Jan, 2020
(Bloomberg) -- Byte, a new video-sharing app released Friday to compete with ByteDance Inc.’s TikTok, has rocketed to the top of Apple Inc.’s U.S. App Store.Created by Dom Hofmann, Byte reboots the deprecated Vine video-sharing service, which he co-founded in the summer of 2012 and sold to Twitter Inc. later that year. The parent company failed to find a way to make the service profitable and eventually discontinued it in 2016. Despite its brief existence, Vine became a cultural touchpoint in the U.S., with many users embracing its six-second time limit as a creative challenge. It was where controversial YouTube star Logan Paul, whose channel now has more than 20 million subscribers, got his start.Byte “ended Friday as the No. 1 free iPhone app on the U.S. App Store and is still in the top spot,” said Randy Nelson of research firm Sensor Tower. Beside the U.S., Byte is also the top free iOS app in Canada and ranks in the top 10 in Australia, New Zealand, Norway and the U.K. On Android’s Play Store, Byte is sixth among free apps in the U.S.The new app was downloaded more than 780,000 times over the weekend, with three quarters of those installs coming from the U.S., Sensor Tower estimated on Monday.The timing of Byte’s release coincides with a moment of reckoning for TikTok and its Beijing-based parent company. ByteDance is looking to hire a chief executive officer for TikTok, which is under increasing scrutiny from U.S. lawmakers wary about the influence of Chinese companies on American consumers. TikTok’s runaway popularity has been deemed to create “national security risks,” according to a letter by Senators Chuck Schumer and Tom Cotton in the fall.Unlike ByteDance, which is the world’s highest-valued startup, and most other social media contenders, Byte is starting off small and its community guidelines make several references to the company’s modest budget. Still, the strong early response to Byte’s arrival -- coming with little to no advance fanfare -- suggests the community that Vine built up remains loyal to the particular six-second format. Some of the early popular videos on the platform are humorous proclamations of “Don’t post TikToks here.”(Updates with downloads in fourth paragraph)To contact the reporter on this story: Vlad Savov in Tokyo at vsavov5@bloomberg.netTo contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Twitter Inc said on Monday accounts of several National Football League (NFL) teams, including the San Francisco 49ers and Kansas City Chiefs, were hacked, ahead of the Super Bowl on Sunday.
Investors need to know what to expect from Facebook's Q4 financial results and beyond to help understand what might be next for Facebook stock...
Simultaneously implementing paid onsite parking and offering employees a cash incentive for taking alternative transit modes reduced the company’s local drive-alone rate by about 36 percent.
Adobe Systems (ADBE) closed the most recent trading day at $346.90, moving -1.27% from the previous trading session.
Cisco Systems Inc. announced Monday afternoon that Lisa Su, the chief executive of Advanced Micro Devices Inc. , will join the networking company's board of directors. It will be the first board seat outside of the semiconductor sector for Su, who also serves as a director for AMD, Analog Devices Inc. , the Semiconductor Industry Association and the Global Semiconductor Alliance, according to an AMD bio. The appointment will push the number of Cisco directors to 11, a spokesman confirmed. "Lisa is an accomplished business leader with deep expertise in the semiconductor industry," Cisco CEO Chuck Robbins said in Monday's announcement. "We look forward to her contributions to Cisco's board."
Empirical evidence suggests the pessimism will be short-lived Continue reading...
Two of the best performing tech stocks of 2019 are set to report results Tuesday, but they’ll do so with a shadow overhead.
Stocks open the week shaken as bonds continue to march higher.
Lisa Su has overseen record revenues at Santa Clara chipmaker AMD, which earlier this month notched an all-time stock price high. Now she's joined the board of Cisco as the networking giant launches new software, silicon and router products.
The deal builds on a relationship between the two companies that started with the Emmy-nominated "Big Mouth."
Top tickers for end of day: T, LVS, BABA, AAPL, MLCO, NIO.
Tech Earnings Expected to Turn Around
It’s the busiest week of fourth-quarter earnings season with earnings from Tesla, Apple, Amazon, AT&T, Microsoft, Boeing, AMD, and more. Plus, an FOMC decision.
ServiceNow introduces new industry solutions strategy.
Activision tapped Google's cloud computing service for game hosting infrastructure, replacing Amazon. Separately, Bank of America raised its price target on Activision stock Monday.
* Dow down 1.57%, S&P 500 down 1.57%, Nasdaq down 1.89% (Updates to market close)
Amazon stock recently formed a new stock-trading pattern that could move it into a buy range as the e-commerce giant reports quarterly earnings on Thursday, after the markets close.
(Bloomberg) -- ServiceNow Inc. plans to release software for finance and telecommunications clients, adopting an industry-solutions strategy in its bid to reach a goal of $10 billion in annual revenue.Deloitte Consulting LLP will be the initial leading partner for the banking product, helping the software maker package and sell the workflow tools to clients, ServiceNow said Monday in a statement. Accenture Plc will be the lead partner for the telecommunications software.New Chief Executive Officer Bill McDermott has pledged to build the Santa Clara, California-based company into a software “juggernaut.” While plans for the industry strategy preceded the October announcement of McDermott’s hiring after a decade in charge of German software giant SAP SE, he has maintained the sales goal of his predecessor, John Donahoe. In the crowded landscape of cloud-computing companies, ServiceNow has long promised to organize tedious parts of office life, like setting up a help desk for IT operations and bringing on board new employees.ServiceNow said the industry approach will help banks modernize their internal processes and ultimately provide more efficient customer service.“In banking, we’ve seen disruption from fintechs around giving customers a better experience,” Marshall Tyler, ServiceNow’s vice president of industry solutions, said in an interview. “Banks have reacted with, ‘let me give my customers a better user interface,’ but are starting to realize it’s the operations behind the user interface that can improve experiences.”For telecommunications customers, ServiceNow aims to help clients maximize availability and quality of service by “proactively anticipating issues and addressing them quickly.” Part of the rationale is helping clients modernize their internal systems and processes amid the transition to fifth-generation, or 5G, wireless service.Banking and telecoms are just the beginning of ServiceNow’s industry verticals strategy. The company promised to bring specific solutions to health care, manufacturing, media and technology “in the near future.”ServiceNow has expanded into new markets, such as human resources, to maintain an annual sales growth rate of at least 31% since going public in 2012. The company, which is scheduled to report fourth-quarter results Wednesday, is projected to generate $3.45 billion this fiscal year, according to data compiled by Bloomberg. The shares have gained 61% in the past 12 months, closing Monday at $307.63.To contact the author of this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Software giant Microsoft Corporation (NASDAQ: MSFT) is scheduled to release its fiscal year 2020 second-quarter results Wednesday after ...
Stocks To Watch Amid Coronavirus Anxiety
A Washington Post reporter has been suspended after tweeting about Kobe Bryant’s sexual assault case just hours after the NBA star was among the nine people reported dead in a fatal helicopter crash on Sunday in California.
Amazon.com Inc.’s longstanding antitrust issues could take center stage ahead of the presidential election, say Monness Crespi Hardt analysts. Tech companies are increasingly the focus of Trump administration investigations, with the Justice Department and the Federal Trade Commission looking closely at antitrust issues. Perhaps sensing a bigger fight brewing, Amazon (AMZN) , along with Facebook Inc. (FB)  and Apple Inc. (AAPL) , ramped up their lobbying to record levels in 2019, with Amazon spending $16.1 million.
Things got heated on Fox News on Monday, prompting Bret Baier to intervene.
Nashville isn't the only Tennessee city slated to receive an influx of jobs from tech giant Amazon.com Inc.
Amazon is scheduled to announce fourth-quarter earnings on Thursday.
The technology sector is comprised of businesses that sell goods and services in electronics, software, computers, artificial intelligence, and other industries related to information technology (IT). The sector includes companies with the largest market capitalizations in the world, including Alphabet Inc. (GOOGL), Microsoft Corp. (MSFT), and Amazon.com Inc. (AMZN). Here are the top 3 tech stocks with the best value, the fastest earnings growth, and the most momentum.
Rick Probstein, one of the largest sellers of sports memorabilia on online auction site eBay, was at his computer working in his New Jersey office on Sunday when sale of items featuring former NBA superstar Kobe Bryant suddenly shot higher.
After spending years building a huge content library, Disney is putting it to use in the race for streaming.
20:35
Seeking Alpha
The social media giant was a star performer last year, but can it last?
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in BJ's Restaurants Inc (BJRI), where a total of 1,265 contracts have traded so far, representing approximately 126,500 underlying shares. That amounts to about 45.5% of BJRI's average daily trading volume over the past month of 277,780 shares..
On today's episode of Full Court Finance here at Zacks, we dive into everything investors need to know about Apple and Microsoft stock to help figure out if either tech giant is worth buying heading into quarterly earnings...
Bryant’s business career was cut short when he died in a helicopter crash Sunday.
20:16
Yahoo! Finance
Even with high percentages in cash, Nintai portfolios held their own against the major indexes Continue reading...
The initial public offering market is expected to crank into gear in the next two weeks, with at least two billion-dollar deals on the slate, including a well-known consumer name that may be viewed as a safe bet in a nervous market.
* Dow down 1.24%, S&P 500 down 1.25%, Nasdaq down 1.49% (Updates to mid-afternoon, changes byline)
Atlassian is one of many stocks to watch in the software sector thanks to big earnings and sales growth in recent quarters and a bullish stock chart.
The top stories in this digest are Intel's earnings, Netflix's surging share price, Apple's valuation concerns and the Google-Activision deal.
Dockless e-scooters swept cities worldwide in 2018 and 2019. In 2020, expect the battery-powered micromobility revolution to take a new direction.
The market capitalization of Alphabet, Google’s parent, surpassed $1 trillion less than two weeks ago.
When the San Francisco 49ers and Kansas City Chiefs face off at the National Football League's Super Bowl LIV in Miami on Sunday, billionaire presidential candidates will battle for attention while big brands bearing positive messages hope to bring balance to the divisive political atmosphere.
Stifel analyst John Egbert thinks Facebook will generate strong sales growth even though the holiday shopping season was shorter in the fourth-quarter last year.
Google Cloud will be the "preferred" way for players to stream games from Activision Blizzard, Inc. (NASDAQ: ATVI) and YouTube ...
“The tweets displayed poor judgment that undermined the work of her colleagues.“
At least 110 people in 26 states have been identified as persons under investigation for coronavirus, Centers for Disease Control and Prevention officials said Monday.
Apple has quietly been building its Portland workforce. It currently has 30 open positions in the region listed on its jobs board.
Microsoft, the 2nd largest component of the SP500 next to Apple, provides a good example of the ‘mind-over-matter’ irrationality of market prices that has confused and frustrated investors for centuries.
Travel-related, energy and semiconductor shares are hit the hardest.
When the San Francisco 49ers and Kansas City Chiefs face off at the National Football League's Super Bowl LIV in Miami on Sunday, billionaire presidential candidates will battle for attention while big brands bearing positive messages hope to bring balance to the divisive political atmosphere.
* Indexes down: Dow 1.26%, S&P 1.28%, Nasdaq 1.58% (Updates to early afternoon)
Here is a summary of how multiple experts reacted to the rough start to the trading week.
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Union Pacific Corp (UNP), where a total volume of 12,415 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.1% of UNP's average daily trading volume over the past month, of 2.8 million shares..
With probes of Alphabet Inc's Google and other major platforms underway, the U.S. Justice Department's Antitrust Division is hiring both to bulk up for the big tech probes and to replace people who left, according to two Justice Department officials with knowledge of the matter.
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in ServiceNow Inc (NOW), where a total of 7,870 contracts have traded so far, representing approximately 787,000 underlying shares. That amounts to about 50.2% of NOW's average daily trading volume over the past month of 1.6 million shares..
The e-commerce giant’s stock will rise due to its strong sales growth driven by its one-day shipping offering, according to Benchmark.
TiVo's new streaming stick platform strategy, unveiled this month at CES, takes aim at Roku and Amazon.
Investment-grade corporate bond sales are set to slow in the week ahead, amid monetary policy decisions from the Federal Reserve Open Market Committee (FOMC), as well as from the Bank of England.
Gainers• AutoWeb, Inc. (NASDAQ:AUTO) stock surged 3.6% to $2.33 during Monday's regular ...
Here are five ETFs having the largest exposure to FAANGs.
What’s bigger? Windows or the clouds outside?That’s a question asMicrosoft Corporation(NASDAQ: MSFT) ...
When the San Francisco 49ers and Kansas City Chiefs face off at the National Football League's Super Bowl LIV in Miami on Sunday, billionaire presidential candidates will battle for attention while big brands bearing positive messages hope to bring balance to the divisive political atmosphere.
(Bloomberg) -- Investor anxiety that’s swept the globe over the coronavirus extended to Canadian stocks and the loonie after a second person in Toronto tested positive for the illness.Volatility on the S&P/TSX Composite Index spiked as stocks posted their biggest drop since October, joining a world-wide equity rout. The loonie weakened against the greenback and Canada’s two-year and 10-year bonds rallied for a fifth straight day.With two infected patients in Canada’s most populous city, concern is rising about the speed with which the virus has spread beyond China. The province of Ontario, which includes Toronto, is monitoring 19 other potential cases of coronavirus. Its similarity to severe acute respiratory syndrome (SARS) -- a disease that killed 44 in Canada, the highest number of deaths outside of Asia -- has both heightened fears and served as a reminder that the country is in a much better position to deal with a pandemic than it was 17 years ago.“Panic is the biggest risk,” said Rebekah Young, an economist at Bank of Nova Scotia, by phone. “When you actually look back at SARS where Canada was an epicenter, the overall economic impact was negligible. It was a very-short lived impact and in a big picture, not that bad.”For the nation’s stock market, it’s a tale of two moves: gold miners surged Monday as investors piled into haven assets, while industrial metal miners slumped as the price of copper and iron ore sank on concerns that global growth could slow. Teck Resources Ltd. dropped for a third day, to its lowest since July 2016.Air Canada slipped for a fifth day, taking its plunge to about 12% over that stretch, the biggest drop since June 2016. The airline reported quarterly losses during the 2002-2003 SARS epidemic as travelers avoided Toronto.Canada Goose Holdings Inc. fell 4% and Gildan Activewear Inc. slipped 2%. Both clothing companies could see a decline in earnings.Ballard Power Systems Inc., the fuel-cell manufacturer that gets more than 30% of its revenue from China, fell as much as 9%Imax Corp., a Mississauga, Ontario-based company listed in the U.S. that gets more than 30% of its revenue from China, extended last week’s drop, for a six-day decline of about 15%.A major spread of the disease couldn’t come at a worse time for the nation’s economy, which is emerging from what may have been its weakest growth since 2016 at the end of last year. Any rebound this year could be tempered if the disease spreads into the North American country, economists said.Read more: Spread of Chinese Virus Would Test Canada’s Economic ResilienceEconomists at Scotiabank estimate that a similar outbreak to the 2003 SARS epidemic could dent the economy by just over 0.1% on the level of GDP by mid-2020.While trader jitters seep into market sentiment, some are saying buy the dip. Jefferies industrials research team said in a report that the knee-jerk reaction within the metals and mining sectors could be an opportunity to pick up stocks amid the sell-off. During the spread of SARS, the initial reaction was sharply negative for metals and mining equities but the sector rebounded sharply afterwards, which could be the case for coronavirus, the analysts said.Canada Virus UpdateThe wife of the man who was identified as Canada’s first confirmed case was infected by the virus, Ontario Chief Medical Officer of Health David Williams said in a statement Monday. She has been in self-isolation since arriving in Canada’s largest city with her husband last week.Over the weekend, Williams confirmed that the woman’s husband -- a man in his 50s -- had tested positive for the SARS-like illness. The man, who had traveled from Wuhan, China via Guangzhou, arrived in Toronto on Jan. 22 and went to Sunnybrook hospital the following day after feeling ill. The patient is in stable condition, officials said Saturday.Officials will be contacting flight passengers who were within 2 meters of the patient aboard the flight from Guangzhou to Toronto. Minister of Health Patty Hajdu spoke to reporters in a press briefing Sunday to reiterate the risk to Canadians still remains low.“While the risk of an outbreak of novel coronavirus in Canada remains low, I encourage Canadians to tell your health-care professional if you’ve traveled to an affected area of China and develop flu-like symptoms,” Hajdu said from Ottawa.Read More: Mapping the Outbreak of China’s CoronavirusOn Jan. 23, the World Health Organization stopped short of calling coronavirus a global health emergency, saying it remains a local crisis confined to China. However, with millions of people set to travel over the Chinese New Year, other nations are taking their own steps to slow the spread of the disease.There are 2,804 confirmed cases worldwide and at least 80 deaths as of Jan. 27.(Adds number of cases being monitored)\--With assistance from Jacqueline Thorpe and Aoyon Ashraf.To contact the reporters on this story: Divya Balji in Toronto at dbalji1@bloomberg.net;Danielle Bochove in Toronto at dbochove1@bloomberg.net;Shelly Hagan in ottawa at shagan9@bloomberg.netTo contact the editor responsible for this story: David Scanlan at dscanlan@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
LOS ANGELES, CA / ACCESSWIRE / January 27, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Expedia Group, ...
CEO Reed Hastings explains why advertising doesn't make sense for his business.
(Bloomberg Opinion) -- How long should a manufacturer be responsible for maintaining support for legacy products? Consumer devices have increasingly become smart and connected, only to later be abandoned by the manufacturer. Smart suitcases have turned dumb, talking toys gone mute, and wireless security cameras bricked into paperweights. Most recently, Sonos got a lot of grief for announcing that older versions of their smart home speakers would soon lose access to services and functionality. Customers complained that they had spent thousands on their audio systems, with some products still on the market as recently as 2015.A hardware device is a one-time purchase, while software updates require continuous labor. As technology improves and devices last longer, the initial manufacturing cost may end up being a small proportion of the total lifetime cost of production. Many manufacturers have shifted to business models that treat the device sale as a loss leader for future revenue streams. Amazon can afford to underprice the Echo because it enables consumers to buy more stuff from Amazon, Google and Spotify teamed up to give away Google Home Minis, and even Apple recently lowered prices on its iPhones to grow a user base for its subscription services.At the more controversial end of the spectrum, companies like John Deere have used the Digital Millenium Copyright Act to legally prevent users from repairing their own equipment, forcing their customers to continue paying into a lucrative repair market.Sonos boxed itself into a corner early on by promising customers free software updates for life. As CEO Patrick Spence testified at a Congressional hearing earlier this month, “Our business model is simple — we sell products which people pay for once, and we make them better over time with software updates.”The company is in a particularly difficult position because Sonos began as a home audio company before the advent of smart home assistants. Its earliest speakers weren’t designed with the processing power and storage required to take advantage of today’s features. To minimize complexity, Sonos designed its audio system so that all devices in a home network would share the same software. Once one product is no longer eligible for updates, the whole setup would stop receiving updates. Sonos customers lodged public complaints and bullied the company into submission. Sonos promised to keep the updates coming.A better long-term solution for the company might be found by looking to a different coalition of rebellious customers: a group that has been quietly reverse-engineering their speakers to liberate them from the company’s software entirely. It’s not an easy task. A Sonos speaker integrates a speaker and a microprocessor running a proprietary operating system. In order to jailbreak the speaker, a user must gain access to the internal hardware and install their own software.It would no doubt please these customers were Sonos to make their legacy speakers open source. Sonos has already indicated that the company can remotely erase the software; it could similarly perform a remote reinstallation of an open-source operating system like Linux or Android. The company’s tech-savvy fans could then continue to improve the software — which could be downloaded by other users — while Sonos focuses on its core competency of manufacturing high-end speakers.In the future, device manufacturers may be less generous about promising a lifetime of free software support. After all, most technological improvements these days are done in software. When it comes to cars, the internal combustion engine hasn’t changed much since fuel injectors were introduced in the 1980s. The performance improvements seen in recent decades have come from better sensors and smarter software to interpret sensor data.Autonomous vehicles will have an even tougher sell, as it’s inevitable that self-driving technology will continue to improve after initial release. Will further updates be free, or will the vehicle manufacturer hold consumer safety for ransom?While it’s easy to insist that customers should have free access to software updates running on devices they rightfully own, it’s hard to reconcile a sustainable business model with a lifetime of free software. A device that requires a paid subscription or leaves software updates as an exercise for the customer is better than one that turns into a brick.To contact the author of this story: Elaine Ou at elaine@globalfinancialaccess.comTo contact the editor responsible for this story: Sarah Green Carmichael at sgreencarmic@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Elaine Ou is a Bloomberg Opinion columnist. She is a blockchain engineer at Global Financial Access in San Francisco. Previously she was a lecturer in the electrical and information engineering department at the University of Sydney.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Good day:A deluge of delivery vehicles is inundating the world's big cities, and urban mobility paralysis may set in unless ...
* Indexes down: Dow 1.38%, S&P 1.36%, Nasdaq 1.69% (Changes comment, updates prices)
(Bloomberg) -- If it turns out that Saudi Arabia hacked into the phone of Amazon.com Chief Executive Officer Jeff Bezos, as investigators have alleged, the oil rich nation likely utilized its preferred method of cyber espionage: outsourcing.While countries like Russia, China and North Korea have invested in developing powerful, tailored cyber weapons, Saudi Arabia has instead opted to purchase them, according to experts and former government officials.The Middle Eastern nation’s cyber arsenal is believed to be primarily composed of outsourced espionage tools, which it has combined with disinformation tactics on social media, they said.These purchased weapons can be “highly sophisticated, but of limited scope,” according to Jon Bateman, a cybersecurity fellow at the Carnegie Endowment for International Peace. While Saudi Arabia has tools that can be technically complex, countries that have invested in developing indigenous offensive and defensive capabilities -- such as Saudi Arabia’s Middle Eastern neighbors Iran and Israel -- possess a greater range of cyber weapons and tactics, he said.Nevertheless, Saudi Arabia’s purchased tools are an effective way for the regime to exert control, allegedly deploying these tools to spy on Saudi dissidents and journalists, according to experts.The Embassy of Saudi Arabia didn’t immediately respond to a request for comment sent through its website form. Last week the Embassy denied involvement in the Bezos incident.In recent years, as cyber actors have generally grown more sophisticated, so have the tools for sale, said Andrew Grotto, a fellow at Stanford University who served as the senior director for cybersecurity policy on the National Security Council from late 2015 to mid-2017.The purchase of cyber weapons -- including from marketplaces in the Middle East and Europe, and possibly from criminals -- isn’t unique to Saudi Arabia, experts say. Other countries, such as Vietnam and the United Arab Emirates, have also utilized their defense budgets to outsource cyber arsenals.The embassy of Vietnam didn’t immediately respond to a request for comment, nor did the UAE embassy.Estimates for the start of Saudi Arabia’s purchasing of cyber tools range anywhere from half a decade to two decades ago, with the country appearing to focus on surveillance activities. While cyber tools can be used to delete or alter data, hold systems hostage and disrupt traffic, Saudi Arabia has primarily focused on using them for spying, the experts said.As Saudi Arabia has purchased offensive capabilities, the country’s defenses have also been put to the test, experts said. For example, a dramatic cyber-attack -- believed to be sponsored by Iran -- devastated the computers of the state oil company, Saudi Aramco, in 2012.These allegedly weak defenses can be problematic for American interests, as attacks on allies can be used as an indirect way to impact the U.S., said James Lewis, senior vice president at the Center for Strategic & International Studies.“The Saudis are not that sophisticated in their cyber capabilities and that has been a problem for the U.S.,” Lewis said. “What they are sophisticated in is the ability to buy outside capabilities.”In addition to purchasing cyber capabilities, Saudi Arabia has also become adept at deploying disinformation campaigns to promote national interests, according to experts.For example, in August, Facebook Inc. removed hundreds of government-linked accounts and pages engaged in a sophisticated and wide-reaching influence campaign that praised the regime and criticized neighboring countries. Two months later, Twitter Inc. removed thousands of state-backed accounts based in Saudi Arabia -- suspending tens of thousands of others -- which manipulated the platform in order to promote Saudi Arabia’s geopolitical interests and amplify support for its authorities.The spyware allegedly used to hack Bezos’s phone was “developed and marketed by a private company and transferred to a government without judicial control of its use,” according to two United Nations special rapporteurs, in a statement last week. The alleged purpose was to “influence, if not silence,” coverage of the Saudi regime by the Bezos-owned Washington Post, according to the rapporteurs.“The intrusion likely was undertaken through the use of a prominent spyware product identified in other Saudi surveillance cases,” such as tools purchased from Israel’s NSO Group or Italy’s Hacking Team, according to the statement.The allegations come following a December 2018 suit, in which Saudi dissident Omar Abdulaziz alleged NSO Group software enabled Saudi Arabia to hack his phone and track his communications with Jamal Khashoggi, a Washington Post journalist, and Saudi insider-turned-critic, who was slain by agents of the Saudi government, according to the U.S..Memento Labs, which acquired Hacking Team last year, didn’t immediately respond to request for comment; it has previously denied any involvement in the Bezos incident. An NSO Group representative referred to a statement published on its website: “We can say unequivocally that our technology was not used in this instance.” Regarding the lawsuit, a NSO Group spokesman said, “Khashoggi was not targeted by any NSO product or technology.”In a manner typical of Saudi’s digital operations, the murder of Khashoggi was followed by a “massive online campaign” that targeted Bezos’s business interests on social media, according to the U.N. rapporteurs. The following month, in November 2018, “Boycott Amazon” trended as the top hashtag on Saudi Twitter, they said.To contact the reporter on this story: Alyza Sebenius in Washington at asebenius@bloomberg.netTo contact the editors responsible for this story: Andrew Martin at amartin146@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The initial public offering market is expected to crank into gear in the next two weeks, with at least two billion-dollar deals on the slate, including a well-known consumer name that may be viewed as a safe bet in a nervous market.
The WeChat owner is leveraging its user base and introducing similar features to best its rival.
CNBC host Jim Cramer talked about Monday’s sharp selloff in the stock market, which is shaping up to be the worst we’ve seen in several months amid mounting fears of the spread of the coronavirus.
Apple Inc.(NASDAQ: AAPL), among the most actively traded and widely held stock among TDAmeritrade investors, is gearing up ...
Rather than allowing surprisingly rapid sales growth to fall all the way to the bottom line, management would have preferred to invest the excess income into more R&D engineers.
Arguably the most beloved basketball player in China, Bryant inspired a generation to play, watch, and cheer the sport
The DOJ and a consortium of state AGs will reportedly soon share information on a sweeping investigation of Alphabet, signaling a broader political will to challenge the search giant's power.
Amazon is the favorite among analysts, while Apple is ‘cheapest’ despite its stock’s recent run-up.
The 2020 Grammy Awards struck a somber but celebratory note.
Apple, Microsoft, Facebook, Amazon and Intel are part of Zacks Earnings Preview
Facebook stock has completed a round trip into the 2018 high near $220 and could sell off into $190 in the coming weeks.
Commercial vehicles are going electric through launches of demonstration fleets of varying sizes testing the viability of running on ...
Investors will get a sense of how the company fared over the holiday period when it reports fourth-quarter earnings on Tuesday, Jan. 28 after the market closes.
(Bloomberg Opinion) -- What is it about robots and pizza?A robot that bakes the well-loved meal was a big hit at the Consumer Electronics Show in Las Vegas earlier this month, wowing onlookers as it prepared 300 pies an hour. The developer, a Seattle-based startup called Picnic, insists that pizza is only the beginning: “Our system will soon be able to make a wide variety of foods including sandwiches, salads, bowls, and more.” And why not? After all, robot bartenders, including for the home, are all the rage (although the top-of-the-line model will set you back the price of a luxury car). Moreover, with labor costs rising and margins falling, no one doubts that the future of the food service industry is automation, both behind the counter and in the kitchen.Still, there seems to be something special about robots and pizza.  Domino’s, the world’s biggest pizza chain, touts its “autonomous delivery vehicle,” which is being tested in Houston. Big rival Little Caesar holds a patent on its own “apparatus ... for assembling pizza” — that is, a pizza-making robot. And learned papers in serious journals explain the best way to teach an autonomous system to roll pizza ... or even to select ingredients.Well, of course. The world market for freshly baked pizza is nearing $150 billion a year, according to a 2019 report in PMQ Pizza Magazine, an industry trade publication. The largest share — over $50 billion — is in the U.S., but the fastest growth over the next five years is expected in Asia, Latin America and Eastern Europe. In China alone, annual sales are forecast to grow 21.6% by 2024. That’s a lot of demand, but there’s also a lot of competition. For sellers of freshly baked pizza, as for others in the food service industry, rising labor costs and thinning margins make increased automation inevitable. Still, there’s no reason just yet for technophobes to panic — or, for that matter, for technophiles to celebrate. We have some time yet before being overwhelmed by the pizza-robot apocalypse.Picnic’s automaton is undeniably fun and impressive to watch. It looks good too, sleek and unindustrial. One observer wrote that the robot resembles “a white, kitchen-sized iPhone.” It’s easy to see why the device has earned such fawning coverage — and why Picnic has already signed up some big customers.Still, there are reasons to be cautious in our enthusiasm. First among them is the elephant in the room: the cautionary tale of Zume.  Headquartered in Mountain View, California, Zume was a legitimate unicorn, with the clever idea of baking pizzas in special ovens inside its trucks, using GPS technology to determine when to heat the pies so that they would arrive fresh and hot at the customer’s doorstep. SoftBank’s single investment in the startup in 2018, which was greater than the total amount raised by all other robot-food-preparation startups combined over the previous five years, implied a value for the company of over $2 billion.  The company even earned a cameo on the HBO drama “Silicon Valley.” As recently as two months ago — yes, I’m talking about November of 2019 — Vox Recode predicted that Zume might soon be worth $4 billion.Oops.Earlier this month, Zume shuttered its pizza operation, cutting 172 jobs in Mountain View and 80 more in San Francisco. Going forward, Zume plans to focus now on sustainable food packaging.Here’s a second reason for caution: Despite heady media claims that pizza is now being made by artificial intelligence (and a similar suggestion from the company itself), Picnic’s device doesn’t quite earn that encomium.  I tend to agree with Melanie Mitchell of the Sante Fe Institute, who argues in her excellent 2019 book “Artificial Intelligence:  A Guide for Thinking Humans” that what’s crucial to humanlike thought is the ability to apply common sense, a challenge researchers find difficult. We should avoid crying “AI” every time a device masters a particular task previously done by humans, even when the task is complex, like playing chess ... or making pizza.And Picnic’s robot, though quite ingenious, isn’t artificially intelligent just yet. Here’s radio station KIRO:“The human touch is still very much required for the machine to function. It has a vision system that reads the size and shape of the dough, and places the toppings and sauce on using a conveyor belt, but the dough and sauce must be made by actual human beings, who also have to put the pizza in the oven.”This is impressive but not revolutionary. Automated assembly lines for automobiles do nearly as much, and have been around longer. As KIRO puts it, “The pizza-making robot is really good at making the easiest part of the pizza.”But a system need not be artificially intelligent to be efficient and useful, and it’s easy to believe that Picnic is pointing the way toward the future. Picnic certainly isn’t Zume. For one thing, Picnic’s system is simpler.  It lacks articulating arms and consists instead of “a series of modular, customizable food dispensers.” Even if the device currently performs only the easiest part of the operation, one assumes that its capabilities will improve over time.  For another, unlike Zume, Picnic isn’t in the pizza business; it’s in the robot business.(1)When the news from CES hit the web, Connecticut’s Senator Chris Murphy took to Twitter to tell the world that he’s unimpressed: “It already feels like pizza made outside Connecticut/New Haven is made by mindless robots anyway, so I’m not sure how this would affect 99% of the country.”Cute. But with so many restaurants struggling to pay their bills, and with technology improving all the time, it’s fair to say that the future of pizza (and of the rest of food service) belongs to the bots.(1) Specifically, the company leases the device to customers, tailoring it to their needs and setting it up at no charge, all in return for a monthly fee.To contact the author of this story: Stephen L. Carter at scarter01@bloomberg.netTo contact the editor responsible for this story: Sarah Green Carmichael at sgreencarmic@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Stephen L. Carter is a Bloomberg Opinion columnist. He is a professor of law at Yale University and was a clerk to U.S. Supreme Court Justice Thurgood Marshall. His novels include “The Emperor of Ocean Park,” and his latest nonfiction book is “Invisible: The Forgotten Story of the Black Woman Lawyer Who Took Down America's Most Powerful Mobster.” For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Hey hey hey, welcome to the workin' weekend!We never hesitate to jump right in and hit you with the headlines: TA Logistics ...
* Indexes down: Dow 1.39%, S&P 1.42%, Nasdaq 1.80% (Updates to open)
Investors have been excessively bullish and overconfident, so when bad news surprises them, they lose their nerve.
A recent survey by Blind asked two questions: “In 2019, how much growth do you think you had while working at your organization?” and “Are you happy at your current workplace?”
Atlassian’s Marketplace has reached massive scale, recently surpassing $1 billion in lifetime sales.
Gold, oil and leading tech stocks give investors important signals.
15:34
FinancialContent
If you're building a large-scale technology startup, sooner or later, you should be having a conversation about the Indian market.
Divesting businesses, rather than acquiring them, is a rare occurrence for this executive.
By Kim Khan
15:18
Seeking Alpha
In one corner you have all the power of Wall Street. In the other, there’s a microscopic virus. It’s unclear who’s ...
DOW UPDATE Dragged down by losses for shares of American Express and UnitedHealth, the Dow Jones Industrial Average is in a selloff Monday morning. The Dow (DJIA) was most recently trading 414 points lower (-1.
Apple's (AAPL) fiscal first-quarter 2020 results are expected to reflect robust performance of the non-iPhone segments.
InvestorsObserver issues critical PriceWatch Alerts for BX, CGC, CRM, NNVC, and PG.
InvestorsObserver issues critical PriceWatch Alerts for INTC, LAKE, RUN, TEAM, and TLRY.
* Futures down: Dow 1.53%, S&P 1.54%, Nasdaq 1.83% (Adds comment, updates prices)
(Bloomberg Opinion) -- The most recent retail sales data provides a glimpse into the mind of the U.S. consumer.The latest monthly retail sales report from the U.S. Census Bureau recorded December sales (excluding gasoline, automobiles and restaurants) of $384.6 billion. Compared with the prior year’s $ 360.5 billion, that’s a solid year-over-year gain of 6.7%. Sales in November 2019 were $330.2 billion for a 1.1% gain over 2018’s $325.9 billion. Average these two-monthly totals and you get a 4.1% year over year gain for the holiday-shopping period.Those are strong numbers. Delving deeper reveals several interesting data points:\-- consumer sentiment has fully recovered from the lows after the financial crisis and is back to levels that prevailed in mid-2000s;\-- sentiment is still below the frothy dot-com peak of the late 1990s, suggesting that consumers are confident about the future but not in a reckless or unsustainable way;\-- consumer debt relative to disposable income remains at the lowest level in at least four decades, indicating that there's room for them to spend more:These three data points suggest that the next few quarters of gross domestic product growth, retail sales and durable goods orders are likely to be robust.In the typical election year, these economic positives tend to benefit the White House incumbent. I will let others debate whether this is a typical election year.Two other interesting issues worth mentioning: Online sales measured by point-of-sale credit-card transactions from MasterCard’s SpendingPulse showed that e-commerce in 2019 reached all-time highs. E-commerce now accounts for 14% of U.S. retail sales and likely will continue to claim a growing piece of the pie. Worldwide, online sales have nearly tripled during the past five years from $1.3 trillion in 2014 to more than $3.5 trillion in 2019, according to Statista. Projections are for this to more than double during the next five years.One surprise from the MasterCard data is that online shopping is accelerating, rising 18.8% last year compared with 2018’s 18.4%. There are few signs online retail is slowing. If anything, the generation that grew up online doesn't think of e-commerce as anything special; it's simply retail.One other observation: Perhaps the most intriguing online retail outlet is Instagram’s Checkout. It was named 2019’s Technology of the Year by Mobile Marketer. Fashion site Glossy describes Instagram as the next big sales channel “for direct-to-consumer companies and traditional retailers alike.”More than just promoting a brand or product, Instagram is facilitating the sale of products directly to consumers. The company takes its slice of the transaction. Combine this with the lethally accurate algorithms deployed by parent company Facebook Inc. and you can imagine the sort of sales growth that might lie ahead.To give you an idea of the size of this marketplace, Instagram has more than 1 billion accounts active each month worldwide (Facebook has 2.45 billion active users). Most of them have some form of payment system, including credit cards, Venmo, PayPal or Apple Pay.So far, Instagram Checkout has been rolled out slowly since the platform introduced it in March. It has been testing product tags in posts since 2016. Again according to Glossy, tags came to “Instagram Stories” about two years later. The fashion site, quoting Instagram, reports that 130 million people tap a product tag to shop or see a price every month. Instagram is native to mobile, which is where the new generation of consumers spend most of their connected time. Although Instagram hasn't made a big splash in online retailing yet, the potential is there.To be sure, there are some inklings of problems with counterfeit goods. This has been an issue that has haunted both Amazon.com Inc. and eBay Inc. If Instagram wants to become a serious player in retail, it needs to nip this in the bud.Disruption doesn't sleep. Don’t be surprised if the incumbent stars of e-commerce -- the leading members of the last generation of disruptive technologies — become the new victims of creative destruction.The relative health of the American consumer makes the disruption all the more likely — and sooner rather than later.To contact the author of this story: Barry Ritholtz at britholtz3@bloomberg.netTo contact the editor responsible for this story: James Greiff at jgreiff@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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One of the highest-growth secular tech trends of the 2020s will be cloud computing. Gartner projects global public cloud revenue will ...
Benchmark lifted Amazon.com, Inc. (NASDAQ: AMZN) price target from $2,100 to $2,300. Amazon.com closed at $1,861.64 on ...
Uber's (UBER) deal with Nissan is aimed at offering the latter's electric cars to its London drivers at a discounted price.
Global study shows benefits from data privacy averaging 2.7 times investment
U.S. stock index futures fell sharply on growing concerns about the financial fallout of a fast-spreading coronavirus outbreak in China as the country extended the Lunar New Year holidays and more big businesses shut down.
Uber Technologies, Inc. (UBER) was muscling in on their territory. This reminds me of everyone buying stocks. The Russell 2000 rebalances, which makes the index more equally weighted compared to the S&P and NASDAQ.
If you only own the S&P; 500, you're missing out on three of millennials' biggest winning bets.
Stifel analyst John Egbert raised his price target for Facebook to $250 from $240 and keeps a Buy rating on the shares ahead of the company's Q4 results on January 29.
U.S. stock index futures fell sharply on growing concerns about the financial fallout of a fast-spreading coronavirus outbreak in China as the country extended the Lunar New Year holidays and more big businesses shut down.
Gainers• Lakeland Industries, Inc. (NASDAQ:LAKE) shares surged 13.9% to $15.65 during Monday's pre-market ...
GainersLosers• Western Digital, Inc. (NASDAQ:WDC) stock decreased by 5.1% to $65.96 during Monday's ...
Achieving this milestone seems noteworthy, but how these companies lead the competition is what's truly impressive.
Overbought conditions lend well to excuse-driven market sell-offs. Should we be fearful of the sell-off or view it as a grand opportunity?
Fears over the spreading coronavirus have set into markets. Global stocks, as well as U.S. futures, are tumbling on Monday as the death toll from the virus rises and the number of confirmed cases grows.
(Bloomberg) -- Sign up for Bloomberg’s daily technology newsletter here.The last two weeks have been remarkably eventful for Jeff Bezos. First, the Amazon.com Inc. co-founder’s visit to India was met with street-side protests, a new antitrust investigation into “predatory pricing and unfair trade practices” and hostile comments from the government led by India Prime Minster Narendra Modi.Then last week, Bezos’s yearlong tangle with Saudi Arabia burst into the headlines, with cybersecurity investigators concluding with “medium to high confidence” that Bezos’s iPhone was hacked via a WhatsApp message sent directly from Crown Prince Mohammed bin Salman’s account.Those are two very different situations in two separate parts of the world. But they had something in common—an overly optimistic bet (that Amazon placed, along with its Big Tech brethren) on global leaders whose dispositions turned out to be less open and, to varying degrees, more autocratic than Silicon Valley originally thought.Amazon first bet big on India in 2014, when Bezos stood on the top of a flatbed truck in ceremonial Indian wedding garb and presented the chief of his local operation with an oversized $2 billion check. Bezos met with Modi on that trip and amid mutual goodwill, seemed to believe the prime minister would loosen India’s rigorous restrictions on how foreign-owned e-commerce companies could operate.Since then, regulations in India have actually become stricter, with Modi catering to his party’s base of small business owners by limiting Amazon’s ability to sell items directly and to control its own prices. While gaining market share from Walmart Inc.-owned rival Flipkart, Amazon’s marketplace division reported steep losses in the last full fiscal year. On Bezos’s latest trip, Modi reportedly declined to meet with him.Bezos’s relationship with Saudi Arabia started with similar hopes. According to last week’s reports, Bezos and Prince Mohammed met at a 2018 dinner party in Los Angeles and exchanged phone numbers. Buoyed by the crown prince’s promise of modernizing the desert kingdom and diversifying its oil-based economy, Amazon was angling to close a $2.2 billion deal to put three data centers in the country. But that arrangement was put on ice after Saudi agents killed Jamal Khashoggi, a columnist at the Bezos-owned Washington Post. Saudi officials have said the crown prince had no involvement in the murder of Khashoggi or the cyberattack on Bezos. Now a Twitter account linked to the Saudi government is advocating for an Amazon boycott.In each country, Amazon’s agenda was complicated by the regime’s bellicosity toward coverage in the Post. But the sharp decline of its fortunes in India and Saudi Arabia is also about leaders whose true colors were much darker than they originally seemed. India under Modi recently passed a restrictive citizenship law that prevents many undocumented Muslim migrants from becoming citizens, while allowing for applicants with different religious affiliations. The Saudi government under Prince Mohammed has fueled conflict in Yemen, persecuted religious and political dissidents and unleashed coordinated Twitter attacks and other cyber tactics on its perceived enemies.Amazon wasn’t alone in pinning unrealistic hopes on these leaders. India has proved similarly challenging for Facebook Inc. The country accounts for Facebook’s largest user base, but the government has tried to force the company to identify users of the encrypted WhatsApp messaging service and threatened to introduce restrictive new rules to regulate social media. And in 2018 the Saudi crown prince cultivated many tech leaders who would likely be wary of such photo ops today.It wasn’t too long ago that tech leaders were overly optimistic about China, too. Mark Zuckerberg did a fun run for the cameras in Beijing and a meet-and-greet with President Xi Jinping. Google thought it could sneak back into China, after famously withdrawing from the country in 2010, with its secretive Dragonfly search project.Back in what now seems a simpler time, tech companies thought the world was becoming more receptive to the economic bounties and democratizing halo of the internet. But the world, and these leaders, have veered starkly away from this brand of idealism. It turned out they didn't want to be friends with Silicon Valley after all.If you read one thingWhen tech leaders tried to understand why large companies have trouble embracing new technologies, they turned to Clayton Christensen, author of the seminal book, the Innovator’s Dilemma, and several sequels. Christensen died last week at age 67 of complications from cancer treatment, according to Utah’s Deseret News.And here’s what you need to know in global technology newsYouTube got the streaming rights to some of the biggest esports leagues. Google signed a deal with Activision Blizzard to carry Call of Duty and Overwatch competitions. The Call of Duty league debuted Friday with a three-day event in Minneapolis.Salesforce encouraged employees to buy and expense a copy of the co-founder’s new book. The software company sent a memo to its 48,000 workers last fall promoting the book, Trailblazer, and offering reimbursement. On its website, Salesforce describes the book as an “instant” bestseller.Airbnb sued a real estate developer it partnered with to build apartments. The suit accuses NDG and its chief of stealing at least $1 million. The venture has long been a source of controversy for Airbnb, which is expected to go public this year.To contact the author of this story: Brad Stone in San Francisco at bstone12@bloomberg.netTo contact the editor responsible for this story: Mark Milian at mmilian@bloomberg.net, Anne VanderMeyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bull of the Day: Arcosa, Inc (ACA)
(Bloomberg) -- Japanese rock star Yoshiki and software giant Salesforce.com Inc. are backing cloud consulting firm Uhuru Corp. in its next fundraising round, a person familiar with the plans said.Tokyo-based Uhuru is planning to raise 15 million pounds ($20 million) to 20 million pounds, the person said, asking not to be identified because the plans are confidential. Salesforce, which currently holds 4.7%, and Yoshiki will be minority holders after the funding round, the person said.Uhuru had planned to list on London’s Alternative Investment Market last year, but backed off after uncertainty over the U.K.’s plans to leave the European Union dampened interest in new issues. The company specializes in “digital transformation,” helping construct networks as well as offering data analytics, consulting and marketing services.@YoshikiOfficial in a club in Tokyo. Japan is full of surprises. pic.twitter.com/wG5RW4G5i7— Marc Benioff (@Benioff) April 11, 2019 Yoshiki, a classical pianist and leader of the rock band X Japan, is friendly with Salesforce co-founder Marc Benioff, who has tweeted clips of the two singing karaoke in Tokyo in April. Yoshiki, who’s been performing for more than 30 years, has played at the Lollapalooza and Coachella music festivals and at Carnegie Hall in New York.No final decisions have been made and the backers could still decide against investing. Representatives for Uhuru, Yoshiki and Salesforce declined to comment.The company lists its main shareholders as including SoftBank Group Corp., Dentsu Group Inc., NEC Corp. and Salesforce on its website. It generated $35 million in revenue in 2018, according to the Financial Times.\--With assistance from Nico Grant.To contact the reporter on this story: David Hellier in London at dhellier@bloomberg.netTo contact the editors responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net, Amy Thomson, Michael HythaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.Thailand’s stock market tumbled on the prospect of economic turbulence after China banned outbound group tours to fight the spread of the novel coronavirus that’s sickened thousands of people.The SET index slid 2.9% on Monday, the most since 2016, with tourism shares among those bearing the brunt of the drop. The baht weakened in line with emerging-market currencies on concern about the fallout from the virus.Chinese holidaymakers -- many on group tours -- spent almost $18 billion in Thailand last year, more than a quarter of all foreign tourism receipts, government data show. The industry as a whole contributes 21% to gross domestic product, according to the World Travel & Tourism Council.“There’s going to be a significant drop in the number of Chinese coming to Thailand in what should be a peak period,” said Win Udomrachtavanich, chairman of Ktb Securities (Thailand) Pcl in Bangkok.Airports of Thailand Pcl, a bellwether for the tourism sector, declined 3.9%, the most since May last year. The Tourism & Leisure equity index fell to the lowest level in six years.Both tourism and exports were already under pressure from a surge in the Thai currency. Disarray over the annual budget is another obstacle for growth.The government has rolled out more than $10 billion of stimulus steps in the past few months to cushion the economy, which the Bank of Thailand estimates expanded at the weakest pace in five years in 2019.The new coronavirus originated in China, where dozens have died from the illness. Many nations have diagnosed the infection in travelers from China.‘Fake News’Thailand has so far confirmed eight cases, with five already discharged and the remainder hospitalized. Officials said about 48 people are being monitored for possible infection.Criticism of the ruling coalition’s handling of the virus outbreak dominated Twitter in Thailand in the past few days.Health Minister Anutin Charnvirakul on Sunday advised Thais to avoid traveling to China but added there’s no crisis that requires restricting Chinese arrivals.“We’re ready to take more steps if things escalate,” Anutin said.Prime Minister Prayuth Chan-Ocha said Monday Thailand “can 100% control” the outbreak and warned people to be wary of fake news about the alleged spread of the disease.“We’re not hiding any information,” Prayuth said. “The most important things for us are the lives and health of our citizens.”(Updates with close of stock market in second paragraph.)\--With assistance from Siraphob Thanthong-Knight and Yumi Teso.To contact the reporters on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.net;Anuchit Nguyen in Bangkok at anguyen@bloomberg.netTo contact the editors responsible for this story: Sunil Jagtiani at sjagtiani@bloomberg.net, Muneeza NaqviFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Britain is the United States' closest ally but their long friendship may be sorely tested as the two countries try to forge a new trade agreement after Britain's exit from the European Union.
Some American universities are beginning to monitor their faculty and students in ways frighteningly similar to the Chinese social credit system.
(Bloomberg Opinion) -- Exchange-traded funds that cater to environmental, social and governance principles are being pitched as a way for investors to sleep with peace of mind, but they better be prepared to wake up with something less than dreamy returns.Consider the iShares MSCI USA ESG Select Social Index Fund (SUSA), one of the oldest and largest ESG ETFs on the market. SUSA, which tracks the 100 stocks with the highest ESG ratings, has trailed the S&P 500 Index by 37 percentage points during the past 10 years.(1) (I honed in on SUSA because it has a long-term track record. Most ESG ETFs are very new.) The reason it lagged taps into one of the most important yet underreported aspects of ESG funds: surprising exclusions. While some of the stocks excluded from SUSA are obvious, such as Exxon Mobil Corp. and Lockheed Martin Corp., some are less obvious, such as Amazon.com Inc., Netflix Inc., Ross Stores Inc. and Mastercard Inc. — all of which are up more than 1,000% during the past 10 years. Not having stocks like these is why SUSA couldn’t keep up with the overall market. Not to pile on here, but SUSA’s underperformance also came with a higher standard deviation, or level of volatility.This potential for underperfomance is why I think investors should take what I call “The Amazon Test” before buying an ESG ETF. It has two parts. The first is to simply ask whether you are willing to miss out on the next Amazon to “clean up” your portfolio. Or even better, if you want to do the leg work, compare the ESG ETF’s holdings to the appropriate broad index and comb through the differences. You may be surprised by what is included in the ETF. (In SUSA’s case, it does hold Facebook Inc. and Nike Inc., which many may find questionable.) I can guarantee investors will probably be a bit baffled.Of course it’s possible that the next Amazon is already in your ESG ETF and that the fund outperforms the market and everyone’s happy. SUSA could very well beat the market during the next 10 years. But investors need to be ready in case it doesn’t.I was curious how people would respond to this question, so I ran an informal Twitter poll and found that only a fifth of people were both interested in ESG and satisfied with missing the next Amazon. That means more than half of ESG-interested investors did not want to miss out on an Amazon, which tends to be excluded from ESG funds because of working conditions that put it on a worker-rights group’s “Dirty Dozen” list of the most dangerous employers in the U.S. Of course, not only highfliers are excluded from many ESG ETFs; so are some of the country’s most revered companies, which many people probably want to own. The best example is Warren Buffett’s Berkshire Hathaway Inc., which is included in fewer ESG ETFs than Exxon and is practically excluded from all of them. It’s the second-lowest-ranked company by Sustainalytics(2) among the S&P 100 Index. Essentially, investors can have ESG or Buffett, but not both. So why is Buffett, one of the greatest investors and philanthropists the world has ever seen, not in these funds? One big reason is Berkshire’s board is only 57% independent, well below the 86% average. Buffett has signaled no intention of changing the company’s business practices. He implied the independent board is a poor metric, saying many such boards he has been on are independent on paper only, with many directors just looking for a payday and typically following the CEO’s lead. Buffett has also said he doesn’t want to burden subsidiary companies, one of which operates coal-fired plants, with unnecessary rules and costs.“We’re not going to spend the time of the people at Berkshire Hathaway Energy responding to questionnaires or trying to score better with somebody that is working on that. It’s just, we trust our managers and I think the performance is at least decent and we keep expenses and needless reporting down to a minimum at Berkshire.”Some have pushed back, saying that “surprising exclusions” are nothing new and exist in other areas such as smart-beta and theme ETFs. This is true, but there is one crucial difference: Those ETFs aren’t generally seeking to replace an investor’s entire equity portion of the portfolio. Because if the goal is to “sleep at night,” then what’s the point of putting a small allocation into an ESG ETF while still investing in other funds, like the Vanguard 500 Index Fund, which hold those “bad” companies you don’t want?(3)For those who are interested in ESG and don’t mind missing out on the next Amazon, the next part of my test is to ask whether they are willing to curb their consumption of the goods and services provided by those excluded companies. For example, are you going to continue to shop at Amazon, drive an SUV or take airplanes 10 times a year? If so, then what’s the point of not owning those stocks? You are just going to rob yourself of profits you helped create. I did an informal poll on this, too, and found only a fifth of those who were willing to miss out on Amazon were also willing to not shop there. Now, I’m not saying you need to live in the woods and eat bugs to be pure enough to be an ESG investor, but you should probably be willing to make some inconvenient choices as a consumer — because, let’s be honest, that’s where investors can truly make a company pay attention. Otherwise, a lot of this is demand trying to demonize supply to soothe its guilt and feel good inside. At the end of my little screening system here we are left with 5% of the investing world that I’d argue has the stomach and commitment to be messing around with ESG ETFs.(5) The rest either just don’t want ESG or are slacktivists — people who want to feel as if they are doing something but are unwilling to make any inconvenient sacrifices such as lagging the market or curbing parts of their lifestyles. These investors should probably just stick with owning the broad market. And while 5% may seem like a small amount, it would actually be a pretty solid base of investors for these ETFs. To convert that into dollars, 5% of ETF assets would equate to $200 billion, a respectable category. Currently, ESG ETFs have only about one-tenth of that amount. And yet there are about 100 products on the market. That’s $200 million per ETF, which is five to 10 times below the average of many other popular areas. Supply has so far outpaced the hype and demand in a way that’s never been seen in the ETF market.And it doesn’t look as if product proliferation will be slowing anytime soon. BlackRock’s Larry Fink recently announced a doubling of the company’s ESG ETF lineup, which means due diligence will be that much more cumbersome. And while this may come off as a bit of a downer to all the excitement around ESG, that’s not my intention. I’m not anti-ESG at all, but I am anti-nasty surprise.  I just want to help make sure investors wake up with peace of mind, too.(1) SUSA has also lagged since inception in 2005 by 33% and by 4% over the past 5 years, though it is outperforming by 1% over the past year. And to show I'm not cherry-picking, the other veteran ESG ETF, the iShares MSCI KLD 400 Social ETF (DSI), has lagged the market by 30 percentage points over the past 10 years.(2) An equal-weighted basket of the 20 stocks in the S&P 100 with the lowest Sustainalytics Ranking outperformed the S&P 500 Index by 41% over the past seven years. Sustainalytics is an ESG research and ratings platform whose scores are used on the Bloomberg Terminal.(3) Now, if investors are seeking ESG ETFs because they think there is some premium to capture that can add alpha to their portfolios and they are only allocating a little, then there is less need for this test (although you can never go wrong with looking under the hood of a fund). But largely, ESG ETFs are being pitched and talked about as a “sleep at night” replacement, or a way to support companies that align with investors’ values.(4) Add in the fact that most people don’t know what ESG even stands for, let alone how the scoring systems (which all vary by the way) work, and you get a situation where the product proliferation and hype has far outpaced the education needed to use them.To contact the author of this story: Eric Balchunas at ebalchunas@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Eric Balchunas is an analyst at Bloomberg Intelligence focused on exchange-traded funds.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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Yahoo! Finance
Investing.com - Alphabet A (NASDAQ:GOOGL) Stock fell by 3.19% to trade at $1,419.50 by 10:51 (15:51 GMT) on Monday on the NASDAQ exchange.
More than 350employees at Amazon.com Inc. (NASDAQ: AMZN)issued public statements about the company violating its ...
The probes revolve around monopolistic behavior that may harm consumers through Google's control of online advertising markets and search traffic. The Wall Street Journal had first reported about the meeting and said it could eventually lead the Justice Department and state attorneys general to join forces. Talks will likely include Google's dominance in online search, possible anticompetitive behavior in its Android mobile operating system, and the best division of labor as the probes move forward, the paper said, citing some of the people.
(Bloomberg Opinion) -- When the world’s competition police reflect on big tech’s dealmaking over the past 15 years, you could forgive them for wondering what might have been. If Facebook Inc. hadn’t acquired WhatsApp or Instagram, or if Google hadn’t bought YouTube or DoubleClick, would there be stronger competition for the two Silicon Valley firms?It certainly seems that regulators, particularly in the U.K., are eager to avoid repeat scenarios where companies grab outsize control of an emerging market before it’s clear exactly how important or big that market may be. That’s why a 6.1 billion-pound ($8 billion) food delivery takeover may have broader implications for tech giants’ dealmaking-to-come.Britain’s Competition and Markets Authority is reviewing the Dutch firm Takeaway.com NV’s planned acquisition of Just Eat Plc, the U.K.’s online marketplace for restaurant delivery. It’s a remarkable step, given that Takeaway.com no longer has a British business, and so the two firms don’t currently compete, at least not in the U.K. The regulator, the CMA, is instead pondering hypotheticals. It’s deliberating whether, without a deal, Takeaway.com might still otherwise enter the market and add a healthy dose of competition.The move underscores a recent approach that could make it more difficult for tech giants to make acquisitions, even small ones. (Together, they’ve bought more than 250 companies in the last six years.) Companies might not obviously compete with the firm acquiring them, but the U.K. watchdog is increasingly taking into account the possibility they could become a competitor at some later stage. It seems to have listened to the findings of the government-commissioned review into digital competition last year by Jason Furman, previously economic adviser to former U.S. President Barack Obama, which recommended that the CMA should take “more frequent and firmer action to challenge mergers that could be detrimental to consumer welfare through reducing future levels of innovation and competition.”Across the Atlantic, DNA-sequencing firm Illumina Inc.’s scuppered $1.2 billion acquisition of smaller peer Pacific Biosciences of California Inc. also illustrates the challenge. Both firms are active in slightly different parts of the market, so do not directly compete: Illumina currently focuses on so-called short-read sequencing platforms, while PacBio’s expertise is in long-reads. Yet antitrust authorities in both the U.K. and U.S. pushed back against the deal because of concerns that Illumina would decide against developing its own long-read offering further down the line, according to Bloomberg Intelligence analyst Aitor Ortiz. The firms called the deal off earlier this month.It’s healthy that technology deals are likely to attract more scrutiny. Acquisitions sometimes look like a catch-and-kill strategy: buying a startup that could become a rival before it's able to do so without necessarily using it to augment the business directly. For example, back in 2017, Facebook bought the fast-growing teen app tbh, before shutting it down just eight months later, citing low usage.But doing so presents a potential challenge for the CMA: ensuring that the U.K. remains an attractive place to found technology firms. Venture capitalists and big companies themselves often argue that a lot of startups are founded with the intention of ultimately selling themselves to a larger rival. If that exit strategy disappears, runs the argument, then they might decide to set up shop elsewhere.So far, it’s too early to determine whether that argument has any merit. And analysts still expect the Takeaway.com-Just Eat deal to complete, albeit with a slight delay. But because the CMA has the authority to impose remedies without a court case, unlike the U.S.’s Federal Trade Commission, technology firms have good reason to be wary.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
‘In helping her, I found that most months she runs a deficit. She will pull from her savings to cover gaps.’
You don’t have to stop spending entirely, just need to pick your purchases more carefully.
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09:58
Yahoo! Finance
Investing.com - Netflix (NASDAQ:NFLX) Stock fell by 3.03% to trade at $342.35 by 09:56 (14:56 GMT) on Monday on the NASDAQ exchange.
Indian enforcement agencies should be able to break end-to-end encryption to hunt down distributors of child pornography online, a parliamentary panel has urged as the south Asian nation looks to regulate social media.
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FinancialContent
GainersNanoViricides Inc (NYSE: NNVC) shares rose 54.5% to close at $8.45 on Friday after gaining 43.2% on ...
Wall Street is braced for losses at the start of the weekend amid deepening worries over China’s coronavirus,with the death toll and the number of infected soaring. That’s as markets kick off a huge week for earnings.
The United States Department of Justice attorneys are meeting state attorney generals next week to share information in their probe ...
* Virus has spread to more than 10 countries including U.S., Japan
Earnings seasons is chugging along and this week brings mammoth tests for the high-flying communication services and technology sectors.
Longtime stock-market bull and National Securities strategist Art Hogan shared his bearish stance in a CNBC interview ahead of what looks to be a busy week of trading. He says the S&P 500 could see a pullback of as much as 5%.
Catch up on the weekend's top five stories with this list compiled by The Fly:..
The death toll from China's new coronavirus grew to 80 on Monday as residents of Hubei province, where the disease originated, were banned from entering Hong Kong amid global efforts to halt the rapid spread of the outbreak.
26 Jan, 2020
Amazon Prime Video has some movie favorites, a pair of indie darlings and the streaming-series debut of one of Hollywood’s biggest names on tap for February.
Netflix Inc. has something for everyone in February, with the sequel to one of its smash rom-coms launching just in time for Valentine’s Day, along with a highly anticipated comic-book adaptation and the return of three critically acclaimed series.
WeWork has signed a deal to provide space to 250 employees of gym membership app company Gympass in New York, the latest example of the U.S. office-sharing start-up's majority owner, SoftBank Group Corp , using its connections to buoy its business, people familiar with the matter said on Sunday.
The former first lady says there’s reason to believe Facebook’s “not just going to reelect Trump, but intend[s] to reelect” him.
State attorneys general will meet with U.S. Justice Department attorneys next week to share information on their respective probes of Alphabet Inc.’s Google unit, a step that could eventually lead to both groups joining forces, according to people familiar with the matter.
Kobe Bryant, one of the all-time NBA greats — a legend even before he finally hung it up in 2016 — was reportedly killed in a helicopter crash on Sunday. He was 41 years old.
WeWork has signed a deal to provide space to 250 employees of gym membership app company Compass in New York, the latest example of the U.S. office-sharing start-up's majority owner, SoftBank Group Corp , using its connections to buoy its business, people familiar with the matter said on Sunday.
Two broken IPOs and one of the market's most controversial stocks have soared 20% to 50% so far this month.
The cumulative 2019 earnings power of these 30 stocks increased by 1.53% in the past 60 days. 2020 estimates rose by .043%.
A battle for the audience’s attention goes global in this head-to-head comparison.
Apple is one of several big stocks set to make moves over the next few trading days.
Virtual reality could change the world, and these large companies will likely lead the field.
Fiscal 2019 was another good year for the streaming video leader.
There will be hats with furry ears, one stitched with the ticker symbol for (TSLA) and the other with (NFLX) We’ll sponsor a Little League team, not worry about its fundamentals, and insist it can go all the way. “We take a more bullish fundamental view on Tesla’s technology and cost lead in hardware & software,” he wrote, raising his price target from $160 to $410, versus the stock’s recent $572.
The streaming giant is changing how it calculates this metric to get a better result, hurting the company's credibility.
It will be an incredibly busy week with tons of economic data and earnings. It will be, to some extent, a defining week for the market, with many of the biggest companies reporting results.
This weekend's Barron's cover story offers ways for investors to play the surge in legal sports gambling. Other featured ...
Amazon and Alibaba are heavyweights in the tech space. They are also in a good position to increase shareholder wealth long-term.
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included tech leaders and ...
NICHOLAS BRAUN RECEIVES THE IMDb STARMETER AWARD AT THE 2020 SUNDANCE FILM FESTIVAL
Wall Street is betting that the most popular U.S. technology and internet stocks can keep outshining the broader equities market but their latest rally leaves little room for error this earnings season.
And how to use their example to find the next big thing.
13:06
FinancialContent
Google has made some unsubtle changes to its search results. And while it will certainly boost ad revenue, it’s simply begging watchdogs and regulators to pick a fight. But perhaps Google is looking for a fight...
Netflix, after tumbling 3.6% on Wednesday due to disappointing subscriber growth in the US, surged 7.2%. It was boosted by weak results from Comcast. Meanwhile Uber strikes a deal with Nissan, and more company news.
(Bloomberg) -- A magnitude 6.8 earthquake in Turkey’s eastern Elazig province on Friday evening killed at least 31 people and injured hundreds. By Sunday, 45 people had been rescued from the rubble of collapsed buildings.A total of 76 buildings were destroyed and 645 heavily damaged, the Disaster and Emergency Management Presidency, or AFAD, said in a statement. As many as 20 of the 640 aftershocks since the first temblor had a magnitude greater than 4 on the Richter scale, according to the agency.Speaking on Sunday in Istanbul, President Recep Tayyip Erdogan targeted “provocative” social media posts about the earthquake. “Some messages are terrible, depraved,” he said, according to the Anadolu Agency. “For example, some question what the government has done about earthquakes in the past two decades.”The earthquake occurred at 8:55 p.m. local time on Friday at a depth of 6.75 kilometers (4.2 miles) on the East Anatolia Fault Line. Tremors were felt in many cities across the region.Prosecutors have launched an investigation into social media posts found to be “provocative,” Anadolu reported. Two people in Gaziantep province have been detained.Interior Minister Suleyman Soylu, Environment & Urbanization Minister Murat Kurum and Health Minister Fahrettin Koca were in Elazig as of early Sunday to coordinate rescue efforts.Turkey is situated in a seismically active area and is among countries, including China and Iran, that can experience catastrophic earthquakes, according to the U.S. Geological Survey. In 1999, a 7.5-magnitude quake shook the western Marmara region killing thousands of people and damaging more than 300,000 buildings. The nation’s economy contracted 3.4% that year.To contact the reporters on this story: Cagan Koc in Istanbul at ckoc2@bloomberg.net;Taylan Bilgic in Istanbul at tbilgic2@bloomberg.netTo contact the editors responsible for this story: Onur Ant at oant@bloomberg.net, Lars Paulsson, Michael GunnFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
By Noreen Burke
05:00
Yahoo! Finance
The first crisis facing the next director general of the BBC will be the same one that faced Tony Hall, who is stepping down: the future of the license fee. Prime minister Boris Johnson has hinted darkly at a shake-up. Anyone looking at Netflix’s cash flow would say no.
France postpones tech tax, Amazon asks court to pause Microsoft's work on JEDI deal and more company news you shouldn't miss.
Halfway through a dinner at the Trump Hotel, U.S. President Donald Trump can be heard giving the order to remove the U.S ambassador to Ukraine, Marie Yovanovitch, according to a video that surfaced on Saturday.
Halfway through a dinner at the Trump Hotel, U.S. President Donald Trump can be heard giving the order to remove the U.S ambassador to Ukraine, Marie Yovanovitch, according to a video that surfaced on Saturday.
25 Jan, 2020
22:19
FinancialContent
The focus this coming week will be on the Technology sector, with bellwethers like Apple, Microsoft, Facebook, Amazon and others on deck to report results. The sector experienced earnings declines in the first three quarters of 2019.
Facebook's Libra coin will serve users on the social media platform as well as across the internet.
Here are three reasons the streaming-TV specialist's business is poised for more strong growth.
Peacock gives viewers something to watch, because it's "just on."
Netflix recently reported its fourth quarter results that sent the stock falling 4% in the after-hours session. Netflix may really be facing the heat of competition from Disney+ and others.
That doesn't quite add up with the modest expectations it laid out for Peacock.
‘My father gave me half of the ownership of the house when he died. If I ask her to leave and buy her out, she would be homeless or stuck at a retirement home.’
The e-commerce platform has done it once already. Could it happen again?
The streaming company's fiscal reports are tough to track, but this simple breakdown shows the business is more viable as the company expands.
Disney+ may reach more subscribers than anyone expects over the next decade.
The Trump administration is getting medieval in the impeachment trial, according to a CBS News report. As House Democrats continued to present their opening arguments in the impeachment trial accusing President Trump of abusing his power on Thursday, a Trump confidant told CBS News that Republican senators were warned about voting against the commander-in-chief.
Giving away free subscriptions to everyone who buys an iPhone, iPad, ‌Apple TV‌, iPod touch, or Mac will boost your numbers like that.
U.S. Treasury Secretary Steven Mnuchin said that he was optimistic the United States and Britain, soon to be out of the European Union, would strike a trade deal this year and that he had discussed it with Britain's finance minister on Saturday.
It's a lot more possible to amass $100,000 than you might think -- and you might even become a millionaire, too. Here's how.
With few obvious catalysts for U.S. stocks to add to their record-breaking ascent of the past year, some investors have looked to the bond market for reassurance.
And that's good news for Netflix.
The Dow Jones Industrial Average increased more than 22% in 2019 and is already up 2.2% through three weeks of 2020, but it is about to face its biggest test of the young year, and potentially many years.
U.S. Treasury Secretary Steven Mnuchin said he was optimistic about the chances of a trade deal between the United States and Britain this year, adding that he met Britain's finance minister on Saturday to discuss it.
U.S. Treasury Secretary Steven Mnuchin said he was optimistic about the potential for a trade deal between the United States and Britain, and there was a focus on getting it done this year.
The term may be new to investors, but there are two industry trends pushing the movement forward.
Digital currency could be useful as cash transactions dwindle in some countries but central banks should be in charge of issuing it, not private companies, Bank of France Governor Francois Villeroy de Galhau said on Saturday.
SmarTrend identified an Uptrend for Alphabet Inc-C (:GOOG) on June 18th, 2019 at $1,107.69. In approximately 7 months, Alphabet Inc-C has returned 32.41% as of today's recent price of...
GainersRumbleON, Inc. (NASDAQ: RMBL) shares increased by 5.3% to $0.60 during Friday's after-market session. The most recent ...
Intel and Atlassian ignored the gloomy atmosphere on the market and took to the skies.
Beijing authorities shut the Forbidden City and other attractions and Walt Disney Co. is temporarily closing Shanghai Disneyland. Some airlines, and higher-end restaurants, which families visit during the Lunar New Year holiday, may feel the impact as well.
24 Jan, 2020
The index managed to fall to roughly 3,282, which is a minor level of support for the S&P 500.
Lack of multilateral interaction makes reaching agreement difficult. German Chancellor Angela Merkel calls it “worse than the Cold War.”
Uber Technologies (UBER) closed the most recent trading day at $36.80, moving -1.6% from the previous trading session.
More than 800 different professions, trades and industries are adversely impacted by the sudden reclassification of independent contractors to employees.
The market finally paused to digest the recent and very strong move it has enjoyed over the past year. Remember, it is perfectly normal (and healthy) to see the market pullback after a big move.
The Dow Jones sold off on Friday over worries of the China virus outbreak. The market recovered and closed off the lows. Intel rose 8% on earnings.
* Indexes drop: Dow 0.58%, S&P 0.90%, Nasdaq 0.93% (Updates to market close)
The stock market rally had a down week on China coronavirus fears. Netflix, Intel and Atlassian soared on earnings. Boeing fell on 737 Max delays and more.
The U.S. Justice Department is planning to hold a conference to discuss the future of a federal law which largely exempts online platforms from legal liability for the material their users post, sources familiar with the plans said on Friday.
Demand is high for face masks and a plague-themed strategy game.
The U.S. Justice Department is planning to hold a conference to discuss the future of a current federal law which largely exempts online platforms from legal liability for the material their users post, sources familiar with the plans said on Friday.
This week, Mayor John Cooper and Gov. Bill Lee traveled to California to negotiate with officials from Oracle Corp., as the tech giant weighs whether to bring thousands of jobs to Nashville, the Business Journal has learned.
For telecom companies, this year is all about 5G, the next generation of mobile broadband that promises exponentially faster upload and ...
* Indexes down: Dow 0.83%, S&P 1.04%, Nasdaq 1.01% (Updates to late afternoon, changes dateline, byline)
Atlassian is one of Wall Street's darling "digital transformation" software stocks. Atlassian stock popped Friday, jumping into a newly minted buy zone, after fiscal Q2 earnings topped views.
Snap (NYSE: SNAP) stock has been all over the map since its 2017 IPO. After a horrendous start to its life as a public company, Snapchat stock has skyrocketed nearly 200% in the past year.Source: Ink Drop / Shutterstock.com Snap's recent earnings reports suggest the company is finally on the right track when it comes to consistently growing and monetizing its users. But with fourth-quarter earnings right around the corner, investors should consider taking some of their big gains off the table in the near-term just to be safe. Snap Is Not a LeaderSnap's nearly 200% one-year gain heading into its Q4 earnings, due to be reported on Feb. 4, is the type of rally more likely to be delivered by a company that is dominating its industry and swimming in cash. There's no question Snap has made tremendous strides in the past year, but it's far from the leader of social media.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs of October, Snap had about 314 million active users. Facebook's (NASDAQ: FB) flagship website is the clear social media leader with 2.4 billion users. YouTube has 2 billion users, Instagram has 1 billion users, Reddit has 330 million, and Twitter (NYSE: TWTR) has 330 million. Even relative newcomer TikTok has 500 million users.But Facebook isn't just beating Snap in the user department. It's also beating Snap in monetizing its users. In its most recent reported quarter, Facebook's average revenue per user (ARPU) was $7.26. That number is ahead of Twitter's $5.68 and Snap 's $2.12. Not only is Snap well behind the competition in ARPU, but its ARPU is only up about 5 cents from the fourth quarter of 2018. * Invest in America's Most Trusted Brands With These 7 Stocks to Buy At one time, Snap was considered the best way for advertisers to reach the coveted demographic of consumers under the age of 30. However, Instagram now dominates that demographic, and TikTok is growing the fastest in the category. Opportunities AheadDespite Snap's weaknesses, Bank of America analyst Justin Post says there are plenty of things to love about the company. The biggest change in Snap from a year ago is that its user growth has accelerated.In Q3, its daily active user growth jumped to 12.9% from around 4.5% in the same period of 2018.Post says that, given the combination of its user growth and its opportunities to close the monetization gap with Facebook and others, Snap stock can climb further."Snap still has a big opportunity ahead with a growing Millennial/Gen Z user base that spends 30+ minutes per day on the app, much more time than social peers," Post says.Post estimates that Snap's revenue can rise by 40% in 2020, with its ARPU increasing 26%."Snap likely has a small fraction (of the) social advertisers on Facebook, and we think closing this difference can close the sizable advertising [cost per thousand impressions] gap to peers," Post says.By adding advertisers and implementing new content strategies such as Discover content and Dynamic Products ads, Snap should be able to make its business much more efficient in 2020.Bank of America has a "buy" rating and a $22 price target on Snap stock. Are the Positive Catalysts Already Priced In?The million-dollar question for investors is what is already priced into Snapchat stock after its huge rally.The average analyst estimate is calling for Snap to roughly break even on EPS in 2020 after reporting an 18 cent per share loss in 2019. Even looking ahead to 2021, analysts, on average, are estimating EPS of only 26 cents. That means Snap stock is currently trading at 73.4 times the average 2021 earnings estimate, a steep valuation to say the least.Unfortunately, price-sales numbers don't offer much comfort either. Snap currently trades at about 17.2 times its sales, well above the levels of Facebook (9.4), Twitter (7.6) and even Pinterest (NYSE: PINS) (11.6). Based on Bank of America's 2020 revenue estimate of $2.42 billion, Snap's forward P/S ratio is around 11, still on the high end of its peer group. How to Play Snapchat StockIt's difficult to recommend buying a stock that is up nearly 200% in the last year. Unfortunately, Snap stock is more likely to fall than rise in the near-term. At the very least, I would take some profits off the table ahead of the company's Q4 earnings.However, Snap's shares are now trading at just a 12% premium to their IPO price nearly three years after the company went public. It's perfectly reasonable at this point to think the Snap bull case may have simply been early, rather than wrong.Investors who are bullish on Snap's long-term outlook should feel much better about owning the stock today than they did following the IPO in 2017. I just believe that, after Snap's big rally, investors will get a better entry point in the stock some time in the coming months.As of this writing, Wayne Duggan held no positions in the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post The Rally of Snap Stock Still Has Legs appeared first on InvestorPlace.
During the last year, when I was feeling defensive on the market, I bought some Cisco Systems (NASDAQ:CSCO) stock.Source: Ken Wolter / Shutterstock.com Cisco, which has dominated the networking market for decades, has given me very little back. Including dividends, I'm up about 3%.Analysts have been watching this slow growth for years. While other tech giants have rocketed upward, Cisco has just met the market. It opened for trade Jan. 24 at about $49/share, a price to earnings ratio of 19.5, and a dividend yielding 2.86%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Invest in America's Most Trusted Brands With These 7 Stocks to Buy "Show me," the critics say. Show me what? Cisco has 31% of the market for IP endpoints, 20% ahead of anyone else. If there's a phone market, Cisco dominates it. Trouble is no one believes in phones anymore. Cisco Stock StrategyCisco has been putting its money into add-on networking software it can sell by subscription, and a chip set called Silicon One, for handling the next decade's network applications.This has analysts pounding the table for Cisco stock, with two-thirds rating it either a "buy" or "strong buy." It's been too cheap for too long, they argue. Its rebound has just begun. Certainly, Cisco has been hit hard by the trade war, which has mainly benefited Chinese rivals like Huawei. Huawei hardware is cheaper, it gets the largest market to itself, and it's winning big contracts in Europe on price and anti-American animus. Cisco has cut back operations in China but has publicly called the impact "very minimal." CEO Chuck Robbins calls it all a "shallow pause." Why I Like CiscoRobbins, born in a former country town turned Atlanta suburb, will celebrate five years at the helm in July, having succeeded the legendary John Chambers. He has had to negotiate two industry transitions, from hardware to software, and from boxed devices to chips. He has kept Cisco humming and profitable, but the politics of the Internet have not helped.Cisco needs big customers to thrive, telcos and scaled enterprises that use Internet contracting as politics by other means. The move into security software has made it as vulnerable to emergency patches as anyone else.Growth is now expected from Silicon One. The new chips also change Cisco's target market from telcos to the Cloud Czars, companies like Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL). This is a good thing.As Mitch Wagner of Light Reading notes, the company's new direct strategy puts it in competition with suppliers like Broadcom (NASDAQ:AVGO). It also transforms and unifies Cisco's product line, drawing together five different chip architectures into one, hence the name.To make its transitions work, Cisco has been constantly in acquisition mode. Its latest buy is Exablaze Systems, an Australian maker of Field Programmable Gate Arrays (FPGAs), which will go into its Nexus networking gear. Exablaze was Cisco's sixth acquisition of 2019. This followed six deals in 2018, and nine in 2017. Such deals bleed capital, but they maintain competitiveness. The Bottom LineCisco is at the center of nearly every fast-growing technology 2020 offers.It's in the 5G transition to wireless ubiquity. It's in the fast-growing security market. It's keeping up with the cloud transition and joining the rush of suppliers to design their own silicon.I don't expect Cisco to explode with growth as others do. I see it as a purely defensive play within the technology sector. It's able to cover its dividend with income and has enough cash to cover its debt twice over, with a stock that can keep funding acquisitions.Don't expect excitement from Cisco stock. Expect steady gains and you won't be disappointed.Dana Blankenhorn is a financial and technology journalist. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT, CSCO and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post Cisco Systems Is the Most Defensive Name in Tech appeared first on InvestorPlace.
Analysts attributed revenue growth to 50% subscription growth and pull-forward effects.
The productivity software company crushed analyst estimates in its fiscal second quarter.
Top tickers for midday: AAPL, INTC, NFLX, AMD, TSLA, BABA, BA, AMZN, NIO, LK, MSFT, BYND, SNAP, BAC, DIS, FB, NVDA, SQ, MU, ROKU.
After mixed Q4 earnings, streaming media giant Netflix rallied nearly 5% Thursday in intraday trading. On Tuesday, Netflix reported fourth-quarter earnings that showed the company bested the top and bottom lines for the quarter, but offered disappointing guidance for the first quarter of 2020. The...
The trillion-dollar market cap club expanded last week to a third U.S. company, with Google parent Alphabet Inc topping the lofty valuation mark. Adding the next member, however, is likely to take a while.
When the software behemoth reports its results Wednesday, Wall Street is ready for another strong quarter.
(Bloomberg) -- Marc Benioff’s latest book, about the need for a gentler capitalism, became a national bestseller. The company he co-founded, Salesforce.com Inc., helped boost sales by encouraging employees to buy and expense the book published last October.The software maker sent a memo to its 48,000-member workforce last fall offering reimbursement if they purchased Benioff’s latest book, “Trailblazer,” the company said. Salesforce said it considers the book to be “business material.”“Our employees were invited to expense a copy and spread the word,” a Salesforce spokeswoman said in a statement. “‘Trailblazer’ was inspired by our employees, so of course we wanted to get it in their hands, as well as our customers’, partners’ and anyone else wanting to learn how business is the greatest platform for change.”“Trailblazer: The Power of Business as the Greatest Platform for Change” is the fourth book co-written by Benioff. On its website, Salesforce touted it as an “instant” New York Times bestseller. It was No. 1 on the Wall Street Journal’s bestseller list. The billionaire’s books have served to bolster his reputation in the technology industry, especially, “Behind the Cloud,” about building his business applications company.While the exact calculations behind the bestseller lists are shrouded in secrecy, the consensus in the publishing industry, according to the news website Vox, is it takes at least 5,000 books sold in a week to make the New York Times’ list.Proceeds from “Trailblazer” sales were donated to charity, the company said.“Trailblazer” tracks Benioff’s public journey deeper into social and political causes in recent years, including how to leverage his influence as a tech leader on issues he cares about including education and homelessness. In the book, Benioff declares that capitalism is “dead” and must be replaced by a system guided around more than just the interests of shareholders. He also called for higher taxes on the wealthy and more regulation on the tech industry.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
After Expedia Group Chairman and Senior Executive Barry Diller fired the travel giant's CEO and chief financial officer in early December, investors pushed the share price up by 6 percent. Continued share price gains since then reflect the hope that new management will boost the competitiveness of the online travel agency. Yet not everyone has […]
LOS ANGELES, CA / ACCESSWIRE / January 24, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Expedia Group, ...
Largest insider trades of the week Continue reading...
The streaming giant's new low-priced plan is already having an impact on its subscriber and revenue growth.
GainersSAExploration Holdings Inc (NASDAQ: SAEX) shares climbed 31.4% to $3.00 after the company announced two new projects in ...
By Melanie Erbar.Every stoner out there has been confronted with the phrase “weed makes you lazy”. While this might be ...
Atlassian earnings and revenue topped fiscal second-quarter analyst estimates, as some customers renewed contracts in the December quarter to avoid price hikes. Atlassian stock jumped.
Streaming rights in India were a pawn in the two companies' global licensing negotiations.
Midway through trading Friday, the Dow traded down 0.18% to 29,106.59 while the NASDAQ fell 0.18% to 9,385.49. The S&P also fell, ...
Wall Street is betting that the most popular U.S. technology and internet stocks can keep outshining the broader equities market but their latest rally leaves little room for error this earnings season.
All forms of money supply have accelerated over the past year, supporting lofty equity prices.
Markets were volatile to close the week.
Being the CEO of a multinational company is hard. Now imagine simultaneously having to run two major companies.Such is the life that ...
The prominence of dividends in the technology sector is growing in a big way and the ProShares S&P Technology Dividend Aristocrats ETF (CBOE: TDV) is one of the ETFs dedicated to that increasingly important theme. TDV, which debuted last November, follows the S&P Technology Dividend...
Also, an overlooked tax break and how to discuss your estate plan with your spouse.
Netflix, Talend, and Tucows are taking advantage of a growth-boosting wrinkle in the global economy right now -- and all three stocks trailed the market in 2019.
Last year, many of the most widely anticipated initial public offerings (IPOs), Lyft (NASDAQ: LFYT) and Uber (NYSE: UBER) chief among them – proved to be duds as investors lost patience for growing, but unprofitable companies. All things considered, the  Renaissance IPO ETF (NYSEArca: IPO) posted a...
Broadcom, Amazon, Uber, SoftBank and Bayer are the companies to watch
Good day,XStream Trucking, a design and engineering company focused on connected hardware for the commercial vehicle industry, ...
Vodafone leaves the Libra Association and numerous central banks to meet and discuss the use of digital currencies.
Before 10 a.m. ET Friday, 350 stocks made new 52-week highs.Noteables:The largest company by market cap to hit a new 52-week ...
Facebook's (FB) fourth-quarter 2019 results are likely to reflect continued subscriber growth, driven by rapid adoption of Stories and Gaming endeavors.
The alleged threat during the impeachment trial stoked strong reactions on Twitter
The major stock indexes were broadly higher early Friday amid strong earnings results from Dow Jones stocks American Express and Intel.
The analyst team over at Wells Fargo recently sounded a bullish tone on enterprise software stocks for 2020. The thesis? Enterprise software spending trends will pick up over the next few quarters, and as they do, most enterprise software stocks will head higher, too.For the record, I 100% agree with this thesis. Corporations hit the pause button on robust enterprise software spend in 2019 for two big reasons. One, they spent a lot on enterprise software in 2018 (spend rose nearly 14% year-over-year), so there wasn't a glaring need to up spend further in 2019. Two, rising trade tensions created immense economic instability, and companies didn't want to spend big against that backdrop.Consequently, enterprise software spend rose just 8.8% in 2019 -- one of its weakest annual growth rates in recent memory.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, in 2020, corporations will re-accelerate their software spend, also for two big reasons. First, they didn't grow spend as much as normal in 2019, so there is ample room to re-up spend growth in 2020. Second, trade tensions are easing, stability is being injected back into the global economic environment, interest rates globally remain low, and corporate spending conditions broadly remain as favorable as they've been since 2017.As such, it should be no be surprise that Gartner projects global enterprise software spend to rise nearly 11% in 2019, up about 2 points from 2019's growth rate. * Invest in America's Most Trusted Brands With These 7 Stocks to Buy Against that backdrop, enterprise software stocks will rally. Here are my favorite picks in the group. Adobe (ADBE)Source: r.classen / Shutterstock.com One enterprise software stock which Wells Fargo raised their price target on and which I think is a long-term winner is cloud giant Adobe (NASDAQ:ADBE).In the big picture, there are a lot of things to like about Adobe. The company dominates in the creative and document cloud worlds, runs at sky high gross margins, has been growing revenues at a steady 20%-plus clip for several years, and is a cash flow and profit machine. But the upside bull thesis in ADBE stock is all about the company's new growth potential in the enterprise cloud.Specifically, everything in the enterprise world is pivoting towards a focus on the consumer experience, or CE. At the same time, CE is becoming increasingly visually-focused, because visuals do a much better job at immersing a consumer than words. Broadly, then, enterprises are putting more money into creating visually powerful CEs.When they do that, they are trusting Adobe to do it better than anyone else. Why? Because Adobe has long been behind the market's best-in-class media creation and editing tools, and is now leveraging its expertise in creative media to built robust media-based CEs for enterprises of all shapes and sizes.This trend is just beginning. In 2020, it will gain serious momentum as enterprises increase their investment into CE. Adobe's growth rates will move higher. Profits will keep roaring higher. And ADBE stock will soar to new highs above $350. Autodesk (ADSK)Source: JHVEPhoto / Shutterstock.com Wells Fargo really likes shares of architecture, engineering, and construction (AEC) software giant Autodesk (NASDAQ:ADSK). They hiked their price target on ADSK stock to a Street-high $240. ADSK stock presently trades around $195.But, can ADSK stock -- which is already up 140% over the past three years -- rally another 25% over the next twelve months?I think so. Autodesk dominates the AEC software vertical with widely-used and largely unparalleled solutions such as AutoCAD (used for 2D and 3D modeling) and Revit (used for Building Information Modeling). This dominant positioning means that as AEC firms up their software spend in 2020 -- and they will, because AEC markets were among the hardest hit by trade issues -- most of them will up spend on Autodesk services. Autodesk's revenue, margin, and profit trends will consequently remain healthy over the next several quarters, and that will provide support for continued gains in ADSK stock.It also helps that valuation isn't that much of a problem for Autodesk. Realistically, this company is looking at over $6 in earnings per share by fiscal 2022 (current Street estimates sit around $6). Based on a 35-times forward earnings multiple, which is average for application software stocks, that implies a fiscal 2021 price target of at least $210 (keep in mind, Autodesk is almost at the end of fiscal 2020). * 10 Stocks to Buy as the 2020 Presidential Election Approaches So is $240 achievable? I think so, mostly because as Autodesk keeps beating estimates, forward estimates will move up, and fiscal 2022 earnings per share estimates will shake out somewhere well north of $6 when all is said and done. Microsoft (MSFT)Source: The Art of Pics / Shutterstock.com Wells Fargo also upped its price target on cloud giant Microsoft (NASDAQ:MSFT) and reiterated its "overweight" rating on the stock. I like this call, too, mostly because accelerating enterprise cloud momentum will support huge growth at Microsoft in 2020.Long story short, Amazon (NASDAQ:AMZN) has long been the king of the cloud infrastructure market with Amazon Web Services. But, Microsoft's cloud infrastructure offering, Azure, has been rapidly gaining on AWS for several years now. This culminated in late 2019, when the two services went head-to-head in a competition for a multi-billion dollar Pentagon cloud contract. Microsoft won.It was a surprise victory from a company that has historically placed second in the cloud infrastructure market. And, it marks a critical pivot wherein Microsoft's days as second place are coming to a close. In 2020, I expect multiple enterprises of all shapes and sizes to take note of Microsoft's big Pentagon cloud contract win, and choose Azure over AWS as their public cloud infrastructure provider. The more this happens, the more momentum Azure will gain.That's great news for MSFT stock. Over the past few years, as goes the cloud sector, so goes Microsoft stock. Splunk (SPLK)Source: Michael Vi / Shutterstock.com Perhaps the boldest move from the Wells Fargo team in its recent software stocks update was upping its price target on big data company Splunk (NASDAQ:SPLK) to a Street-high $200, calling for another 30%-plus upside in shares over the next twelve months.Can it happen? Yes. Mostly because the data boom is just starting.In a nutshell, Splunk helps enterprises of all shapes and sizes turn their raw machine data into valuable and actionable insights through their Data-to-Everything platform. Three big trends will promote increased adoption of this platform over the next several years.First, the volume of data globally will surge higher thanks to a proliferation of data-generating devices, like smart watches, smartphones, smart appliances, smart cars, etc. Second, the ability to generate valuable insights from that data will get better and better, thanks to things like machine learning. Third, enterprise data-driven decision making will go from luxury to necessity, as companies that don't do it will be left behind the curve.Broadly, then, Splunk projects to go from a niche data analytics platform today, to a must-have data-driven decision making companion by 2025. This transition will power sustained long term gains in Splunk stock.Of note, in 2020, SPLK stock will be pushed higher by: 1) increased enterprise software spending trends, 2) continued migration from a legacy license model, to a cloud-based business model, and 3) a 5G boom accelerating the data growth narrative.Overall, Splunk stock looks good both for 2020 and into 2025.AS of this writing, Luke Lango was long ADBE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post 4 Boosted Enterprise Software Stocks to Buy in 2020 appeared first on InvestorPlace.
A company must show four consecutive quarters of earnings to be a component of the index. Tesla stands a good chance of inclusion by the end of 2020 or early 2021 because of projected profitability during 2020.
Vancouverites will finally be able to order an Uber (or Lyft), starting today.
Following the market opening Friday, the Dow traded up 0.27% to 29,239.99 while the NASDAQ rose 0.27% to 9,427.94. The S&P fell, ...
The Zacks Analyst Blog Highlights: Alphabet, salesforce.com, L3Harris, McKesson and Synopsys
MarketWatch spent time with the No. 1,700-ranked man in tennis to get an inside look at tennis’ minor leagues.
Another batch of solid earnings reports—including a monster performance from chipmakerIntel(INTC)—could combine ...
Artificial intelligence is on track to be a truly revolutionary technology. Here's what investors need to know.
Cloud-based workplace collaboration software provider Atlassian crushes its quarter, lifting the likes of Slack, Okta, Workday, and others. Who is Atlassian?
(Bloomberg) -- Google engineers said a tool Apple Inc. developed to help users avoid web tracking is fundamentally flawed and creates more problems than it solves.The Intelligent Tracking Prevention feature on Apple’s Safari web browser, which is meant to block tracking software used by digital advertisers, can be abused to do the exact opposite, according to a paper released Wednesday by Google researchers. Google told Apple about the problem in August, and in December the iPhone maker published a blog post saying it had fixed the issues and thanking Google for its help.But Wednesday’s paper concluded that the problems go beyond the issues that Apple addressed. Instead of making a big list of cookies to block, Apple’s ITP continuously learns what websites users visit and which kinds of cookies try to hitch a ride. Over time, this creates unique cookie-blocking algorithms for each web surfer that can be used to identify and track them, according to the paper.“I can assure you that they still haven’t fixed these issues,” Justin Schuh, engineering director for Google’s Chrome browser, said on Twitter. Apple’s December blog post “didn’t disclose the vulnerabilities or appropriately credit the researchers,” he added. Apple said the bugs mentioned in the report were patched in December, but declined to comment further. “Our core security research team has worked closely and collaboratively with Apple on this issue,” a spokesman for Google said. This isn’t the first time the two tech giants have clashed over privacy. Apple Chief Executive Officer Tim Cook has criticized internet companies for collecting too much personal information, and last year Google researchers reported a two-year long vulnerability in the iPhone maker’s software.Google’s Chrome and Apple’s Safari are two of the most popular web browsers, with Chrome used by more people overall but Safari dominating on iPhones. Apple has been touting Safari privacy features to persuade more consumers to use it. Apple first introduced Intelligent Tracking Prevention in 2017. The tool targets cookies, bits of code that let marketers follow people around the web and send them targeted ads.Google refused to block cookies for years, arguing that targeted ads help publishers and keep the internet free. But last week, the internet giant said it would eventually phase them out, setting off a race among advertisers to adapt. Privacy advocates have lauded Apple’s approach to tracking, and criticized Google for taking so long to do the same. But the paper suggests Apple may have to go back to the drawing board to find a new way to block tracking.“This bug is quite counter-intuitive, but rather very serious,” said Lukasz Olejnik, an independent cybersecurity researcher.(Updates with Google statement in fourth paragraph.)To contact the reporter on this story: Gerrit De Vynck in New York at gdevynck@bloomberg.netTo contact the editors responsible for this story: Alistair Barr at abarr18@bloomberg.net, Jillian WardFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
One of the hottest initial public offerings of 2019, Pinterest (NYSE:PINS), started out making good on the hype. After going vertical for several sessions after its debut, Pinterest stock subsequently became choppy, and a revenue miss combined with disappointing guidance during its third-quarter 2019 conference call quickly sank shares. But does that depression present an opportunity for investors?Source: Nopparat Khokthong / Shutterstock.com Personally, I've been skeptical about this stock. Although the underlying company is very relevant with the youth market, social media is a very crowded sector. With Facebook (NASDAQ:FB), Twitter (NYSE:TWTR), Snap (NYSE:SNAP) and others competing for attention, it's hard to get too excited about yet another social media company.On the flip side, this industry is notorious for producing slow starts. Most recently, we only need to look at Snap's IPO drama, which saw the company stumble out of the gate. But since late 2018, SNAP has been one of the top-performing stocks. It seems like Wall Street just needed some time to get comfortable with the underlying business proposition.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, should you gamble on Pinterest stock, especially given it still trades at a discount relative to 2019 highs? Here are two pros and two cons to consider. Pro: Pinterest Stock Benefits from Youthful PopularityWhen it comes to social media firms, eyeballs are everything. However, not all traffic sources have the same level of desirability. Just like traditional media companies target the 18 to 49 demographic, social media companies have similar attitudes. The difference here is that Pinterest has gained serious traction with the young demo. * The 10 Best Value Stocks to Own in 2020 According to data from the Pew Research Center, a respectable 34% of U.S. adults ages 18 to 29 use Pinterest. Additionally, 35% of those ages 30 to 49 use the platform. That beats out rivals Twitter (26%) and Snapchat (25%).Critically, the usage of Pinterest stays nearly consistent between young adults and "young-ish" adults. This factor separates the platform from something like Snapchat, which is clearly geared toward youthful frivolities. As Snapchat users grow up, they quickly abandon the app.This also tells me that people use the platform for reasons unrelated to age-defined behaviors. In other words, you can grow with Pinterest stock, which you can't always say for other social-media related investments. Pro: It's Attractive to AdvertisersAnother interesting factor with positive implications for the stock is the underlying platform's attractiveness to educated users. In fact, between Pinterest, Twitter and Snap, the former features the most educated user base.Again, data from Pew indicates that 32% of Pinterest users have some college education, while 38% have college degrees. In both categories, the company beats its primary rivals by a conspicuous margin.Combined with the consistent use across age groups, Pinterest also has a relatively wealthy user base. According to Pew, 34% of U.S. adult Pinterest users make between $50,000 to $74,999 a year, and 39% make $75,000 or more. Again, in both of these income brackets, PINS beats out Twitter and Snapchat.As a result, the company is very appealing to advertisers. Not only is the app popular among key demographics, those demographics have the money to plunk down on desirable goods. Con: Pinterest Skews Heavily FemaleSpeaking as a man, there are many instances where a heavily female-skewed audience is desirable. But with Pinterest stock, such gender imbalances represent a liability. Approximately 70% of the app's users are women, which is a huge problem.As I stated above, social media is all about the eyeballs. And while some eyeballs are more desirable than others, few companies can afford to be deliberately selective about their traffic. Now, the company has never set out to be a female-oriented platform. But without greater male participation, the underlying company's ultimate attractiveness to advertisers is necessarily limited.To be fair, 50% of 2018's new sign-ups on the platform were men. But even with more men joining the platform, social media forecasts indicate that the gender split won't change appreciably from where it's at today. Thus, while advertisers appreciate the income level of Pinterest users, the skewed user base is a headwind. Con: Where's the Beef?Not only does Pinterest stock suffer from imbalanced gender ratios, I don't care for how the app is commonly used.In the U.S. market, the platform's most popular category is art, art supplies and hobbies. As someone who dabbles in and supports the arts, I have no problem with this per se. However, this category just doesn't bring in the big bucks. If you don't believe me, consider the troubles some arts and crafts specialists have suffered in the past year.Given that the company's user base leans heavily female, I'm not surprised that this category ranks tops on the platform. But what about the men who use Pinterest?Not surprisingly, the technology category is popular among the guys, but so are food and drinks. This leads me to believe that Pinterest lacks traction with high-dollar industries. And that's another concern as it relates to attracting advertisers. The Bottom Line on PINSAt its higher valuation last year, Pinterest stock was an easy sell. But at the present relative discount, I can see why many people are interested in buying. At these prices, I'm not against taking a speculative bet. However, the company's longer-term headwinds leave room for pause.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monthly Dividend Stocks to Buy to Pay the Bills * 7 Earnings Reports to Watch Next Week * 7 5G Stocks to Connect Your Portfolio To The post The Pros and Cons of Buying Pinterest Stock appeared first on InvestorPlace.
ServiceNow's (NOW) fourth-quarter 2019 results are likely to benefit from expansion in global footprint and clientele, both private and public.
Stocks opened higher Friday as Intel and AmEx lifted the Dow Jones today, while Broadcom and Atlassian scored early breakouts.
InvestorsObserver issues critical PriceWatch Alerts for CTXS, EXPE, NFLX, TDG, and TER.
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Seeking Alpha
BNP Paribas downgraded Tesla shares from the equivalent of Buy to Hold on Thursday in a report that took at a different look at the company—and how investors are valuing, or overvaluing, the stock today.
Benzinga Pro's Stocks To Watch For FridaySkyworks (SWKS) - The company reported a Q1 earnings beat and gave ...
Reports of Netflix's demise have been exaggerated.
Futures: Intel and Atlassian soared late on earnings, lifting AMD, Nvidia and ServiceNow. Broadcom rose on an Apple supply deal.
Most of Snapchat’s successes will likely not accrue to Snap stock.
TikTok might be able to compete for engagement, but can it win over advertisers?
GainersXunlei, Inc. (NASDAQ: XNET) stock increased by 3.9% to $4.75 during Friday's pre-market session. Snap, Inc. (NYSE: ...
Gainers• Atlassian Corporation, Inc. (NASDAQ:TEAM) shares rose 10.4% to $146.50 during Friday's pre-market session. The ...
A strong dollar has its pros and cons, but being on par with currency in Europe and well ahead here in the Western Hemisphere comes in handy.
GainersSAExploration Holdings Inc (NASDAQ: SAEX) shares rose 45% to $3.29 in pre-market trading after winning $42 million in new ...
After taking a hit post-earnings, the streaming giant came roaring back in a big way.
Uber and Nissan have signed a deal to help drivers in London switch to fully electric vehicles, as part of the ride-hailing company’s push to make all its journeys in the capital emission-free by 2025. Nissan will make 2,000 of its Sunderland-made electric Leafs available to Uber drivers at below the market rate, at an undisclosed discount, which they can rent or buy outright from approved vendors. Drivers will also be able to use money accumulated from Uber’s “clean air fee,” which charges riders 15p per mile on all London journeys, to help pay for the cars.
Ridesharing company Uber Technologies Inc (NYSE: UBER) blamed “system or human error” for its failure to meet London ...
Jim Cramerexpressed optimism about Snap Inc.'s (NYSE: SNAP) stock value on Thursday.The CNBC "Mad Money" host ...
Jim Cramer expressed optimism about Snap Inc.'s (NYSE: SNAP) stock value on Thursday. The company reported a 13% increase in daily active users year-on-year, even as it faces increased competition from Facebook Inc. (NASDAQ: FB) and subsidiary Instagram along with new entrant video sharing platform TikTok, and other social media platforms.
Despite a challenging regulatory environment, growing antitrust scrutiny, ad targeting headwinds, the social media behemoth is poised to announce strong second-quarter results.
The key to picking stocks is knowing what works, Jim Cramer told viewers Thursday night on Mad Money. In his experience, what works are turnaround stories such as Snap Inc. , the parent of Snapchat app, that had been written off and left for dead last year, before nearly tripling from its lows. In the daily bar chart of SNAP, below, we can see a constructive picture.
TEAM earnings call for the period ending December 31, 2019.
* Takeaway says it has 90% of Just Eat shares (Updates with comment from investor Cat Rock, share movement, background.)
Cloud-based work-collaboration stocks are poised to climb after one of their own, Atlassian, crushes analysts' estimates in its fiscal second quarter.
Some of the stocks that may grab investor focus today are:Wall Street expects American Express Company (NYSE: AXP) to post ...
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FinancialContent
Netflix might not win streaming compared to Disney+, but investors don’t have to choose just one.
Gainers• Atlassian Corporation, Inc. (NASDAQ:TEAM) shares rose 9.7% to $145.50 during Thursday's after-market ...
Gainers• Atlassian Corporation, Inc. (NASDAQ:TEAM) stock surged 9.7% to $145.50 during Thursday's after-market ...
The Trump administration plans to unveil efforts on Friday to crack down on counterfeit and pirated goods sold on major e-commerce sites and urge companies to do more to vet third-party sellers and increase self-policing efforts.
23 Jan, 2020
In the latest trading session, Snap (SNAP) closed at $19.25, marking a +0.79% move from the previous day.
Atlassian Corporation PLC (TEAM) delivered earnings and revenue surprises of 37.04% and 5.17%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Salesforce.com (CRM) closed at $183.98 in the latest trading session, marking a +0.67% move from the prior day.
The provider of project management and workflow software reported revenue of $408.7 million, up 37% from the year-ago quarter.
NBC Olympics and Snap Inc. are once again partnering to put coverage of the Games in the hands of millennials and Generation Z. The division of NBC Sports Group, itself part of Comcast Corp. (NASDAQ: CMCSA), will create four daily Snapchat shows during the Tokyo Olympics. The deal marks the third Olympics collaboration between the two companies following Rio 2016 and PyeongChang 2018. NBC plans to release more than 70 episodes for the Snap (NYSE: SNAP) app leading up to and during the event — more than triple the number compared to the 2018 Games — including for the first time two daily highlights programs that will be updated "in near real-time throughout the day." In addition, two unscripted Snapchat shows will release two new episodes per day: "Chasing Gold," which debuted during PyeongChang, following the journeys of Team USA athletes, and a new daily recap of the day's most memorable moments.
LOS ANGELES, CA / ACCESSWIRE / January 23, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Expedia Group, ...
Atlassian reported quarterly earnings of 37 cents per share, which beat the analyst consensus estimate of 27 cents by 37.04%.
Uber Technologies Inc will put self-driving vehicles on Washington, D.C. roads Friday with human drivers in control, the ride share company said on Thursday, as it seeks to collect data for future deployment of fully self-driving vehicles.
Consumer fintech adoption in the U.S. lags well behind much of Europe, where forward-thinking regulation has sparked an outpouring of innovation in digital banking services and infrastructure.
The Financial Learning Information Platform, or iFlip, a leading algorithmic intelligence wealth manager, announced Thursday the launch ...
PayPal stock has rebounded ahead of earnings due out late Jan. 29. Analysts expect updated 2020 guidance to include the $4 billion acquisition of consumer app Honey and Venmo services.
The stock market continues to fight through the coronavirus scare, as stocks opened lower then pushed higher in the afternoon. That said, let's look at a few top stock trades going into the end of the week. Top Stock Trades for Tomorrow No. 1: Netflix (NFLX)Source: Chart courtesy of StockCharts.comNetflix (NASDAQ:NFLX) slipped after reporting its fourth-quarter results, despite better-than-expected earnings, revenue and international growth results. The culprit? North American growth, apparently.But on Thursday, the stock was erasing its post-earnings losses, jumping higher as it bounces from support. That support comes from a trifecta of catalysts: rising uptrend support (blue line), the 50-day moving average and the 200-day moving average.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 7 Stocks That Cautious Investors Should Sell Now Now, it faces $340 resistance, which is former range of support from the first half of 2019. Over the new 2020 high of $349.87, and the gap fill up toward $362 is possible. If resistance holds, look for another dip down to support. Top Stock Trades for Tomorrow No. 2: Intel (INTC)Source: Chart courtesy of StockCharts.comIntel (NASDAQ:INTC) will report earnings after the close on Thursday, and the stock has been hot, hot, hot!Shares are breaking to new highs on the week, as bulls anticipate a good number. As good as it feels on the run-up though, I hate this kind of setup. It makes it incredibly difficult to top expectations.For Intel specifically, the action feels similar to April 2019, when shares ripped higher and higher before being hammered lower. Hopefully, though, that's not the case this time around.If we do get a pullback, see how the $60 level and 10-day moving average hold up as support. Below that, and the $55 to $56 area on watch. Top Stock Trades for Tomorrow No. 3: American Express (AXP)Source: Chart courtesy of StockCharts.comAmerican Express (NYSE:AXP) has also been doing well, climbing to new highs ahead of its Friday morning earnings report.Shares are consolidating between $130 and $132, and sport a recent high of $132.27. Over that mark, and AXP can continue higher up to $135 or higher. However, on a pullback, I want to see where support comes into play. * The 3 Best Bank Stocks to Buy After Earnings Is it a good report that is met with sellers, simply because the stock has run so much? If so, it could send AXP down to the $126 to $128 area, where bulls can buy the dip. If the results are worse and American Express really gets hit, look for a dip down to the 50-day or 200-day moving average. Top Stock Trades for Tomorrow No. 4: Pinterest (PINS)Source: Chart courtesy of StockCharts.comOnce Pinterest (NYSE:PINS) broke out over downtrend resistance (purple line), it was off to the races. Shares burst from $18 to $24 in just a few weeks, the latter of which acted as resistance.PINS couldn't push through $24 and the 100-day moving average. Shares are now consolidating between the $22 and $23 levels, as investors look to see which way this one breaks.If it breaks lower, a test of the 20-day moving average is in store. Below that, and uptrend support (blue line) and the 50-day moving average could be on the table. That to me would be a great buy-the-dip location amid the current trading environment.If shares break out over $23 and the 100-day moving average, look for a test of the recent high at $24.05. Above puts a gap fill up to $25 on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long PINS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Stocks That Cautious Investors Should Sell Now * 7 Healthcare Stocks With 100% Street Support * 3 Chinese Stocks to Buy, Sell, or Play from Either Side The post 4 Top Stock Trades for Friday: NFLX, INTC, AXP, PINS appeared first on InvestorPlace.
* Gilead explores Ebola drug as possible coronavirus treatment
Salesforce (NYSE: CRM), the global leader in CRM, today announced it has granted equity awards under its 2014 Inducement Equity Incentive Plan (the "Plan") to new employees who joined Salesforce in connection with the acquisition of ClickSoftware. The Plan was adopted by the Salesforce Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.
Government and policy experts are among the most important people in the future of transportation. Any company pursuing the shared scooters and bikes business, ride-hailing, on-demand shuttles and eventually autonomous vehicles has to have someone, or a team of people, who can work with cities. Enter Shin-pein Tsay, the director of policy, cities and transportation […]
Silicon Valley employers like SAP, Visa and EY open up to job candidates with autism, ADHD, dyslexia and other ‘neurodiverse’ diagnoses.
Atlassian Corp. shares popped 9% in after-hours trading Thursday after the software company reported better-than-expected second-quarter earnings. Atlassian reported net income of $41.8 million, or 49 cents a share, compared with net income of $45.2 million, or 18 cents a share, in the year-ago period. Revenue surged 37% to $408.7 million from $299 million a year ago. Analysts surveyed by FactSet had expected 27 cents a share on revenue of $389 million. Atlassian shares are up about 42% over the last 12 months. The S&P 500 index has gained about 26% the past year.
Fresh off the news announcing 200 layoffs around the world, Tripadvisor informed employees on Thursday about a wide-ranging reorganization. The company will reverse its long-standing playbook and emphasize Viator as a separate tours and activities brand. In an employee letter obtained by Skift from a source close to the company, and sent after market close […]
Atlassian Corporation Plc (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced financial results for its second quarter of fiscal 2020 ended December 31, 2019 and released a shareholder letter on the Investor Relations section of its website at https://investors.atlassian.com.
In an exclusive interview with Yahoo Finance on Wednesday, Nextdoor CEO Sarah Friar confirmed her attendance at a meeting with Secretary of State Mike Pompeo.
Uber Advanced Technologies Group will start mapping Washington D.C., ahead of plans to begin testing its self-driving vehicles in the city this year. Initially, there will be three Uber vehicles mapping the area, a company spokesperson said. These vehicles, which will be manually driven and have two trained employees inside, will collect sensor data using […]
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FinancialContent
International growth is booming and cord-cutters remain a tailwind for the streaming-TV company.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in AbbVie Inc (ABBV), where a total volume of 30,912 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.9% of ABBV's average daily trading volume over the past month, of 7.0 million shares..
Most people could benefit from unplugging more, research shows
The average subscriber watched more Netflix last quarter despite the launch of competitors Apple TV+ and Disney+.
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FinancialContent
A rising tide lifts nearly all boats, but this bull market has left some tickers behind. These companies may provide the best returns this year.
* Indexes slide: Dow 0.39%, S&P 0.26%, Nasdaq 0.14% (Updates to early afternoon)
Colombia's President Ivan Duque said technology companies were welcome in his country, but they had to operate on a level playing field with local firms.
Microsoft’s huge run to a $1 trillion-plus valuation has been driven by the remarkable growth in its Azure cloud business.
(Bloomberg) -- TripAdvisor Inc. Chief Executive Officer Stephen Kaufer will brief employees about plans to return the online travel company “to sustained, long-term growth” after the market closes Thursday, according to a memo to staff.The memo, sent by the company’s head of human resources, Beth Grous, also confirmed that there will be job cuts, as reported by Bloomberg on Wednesday. “These actions are never easy, especially when they impact people we know and care about,” Grous said in the memo obtained by Bloomberg. The company is eliminating about 200 employees, or about 5% of total staff, according to people familiar with the move.TripAdvisor’s struggles come as Alphabet Inc.’s Google has launched new, competing travel search tools, while adding its own reviews of hotels, restaurants and other destinations. Google has also crammed the top of its mobile search results with more ads. This has forced many companies, including TripAdvisor, to buy more ads from the search giant to keep online traffic flowing.In early November, TripAdvisor shares plunged more than 20% in one day after the company reported dismal third-quarter results. It said the main challenge was “Google pushing its own hotel products in search results and siphoning off quality traffic that would otherwise find TripAdvisor via free links and generate high margin revenue in our hotel click-based auction.” The shares are down about 46% over the past 12 months.Kaufer acknowledged on the earnings call that “Google has got more aggressive.” “We’re not predicting that it’s going to turn around.”While Kaufer won’t discuss the plans until after market close, and the company declined to comment, people familiar with the plans said the company is preparing for a minor re-branding that could debut as early as next week. The makeover will include a new logo and a stylistic change to the corporate name, shifting from TripAdvisor to “Tripadvisor” with a lowercase “a.” TripAdvisor is also preparing revamped versions of its iOS and Android apps for later this year, the people said.Needham, Massachusetts-based TripAdvisor also plans to increase advertisements and sponsored content on its platform to boost revenues.To contact the reporters on this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.net;Olivia Carville in New York at ocarville1@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in General Motors Co (GM), where a total of 69,077 contracts have traded so far, representing approximately 6.9 million underlying shares. That amounts to about 83.2% of GM's average daily trading volume over the past month of 8.3 million shares..
Following the new gig-economy law in California, Uber is testing out a new feature that allows drivers to set their own rates.
Snapchat and NBC Olympics are again teaming up to produce customized Olympics content for users in the U.S. — this time, for the 2020 Tokyo Olympics this summer. The companies had previously worked together during the Rio 2016 and PyeongChang 2018 Olympics. The PyeongChang Olympic Winter Games in 2018 reached over 40 million U.S. users, […]
Trump critics absolutely love it when world leaders diss the president, and they were relishing what they thought was another opportunity on Thursday to cackle at the White House’s expense. But were they mistaken?
Top tickers for midday: TSLA, AAPL, NFLX, INTC, NIO, BABA, BA, LK, AMD, BAC, GE, DIS, BYND, FCX, TWTR, F, MSFT, AAL, ROKU, FB.
Gainers• Netflix, Inc. (NASDAQ:NFLX) shares surged 5.3% to $343.19 during Thursday's regular session. The most ...
Uber Technologies Inc said Thursday the company will begin data collection for self-driving vehicles on Washington roads Friday with manual drivers behind the wheel, the first step toward potential future deployment.
Needham-based TripAdvisor Inc. is laying off "hundreds of people," according to multiple reports that the company is not disputing.
The Arabic hashtag for “Boycott Amazon Products” was the top trending topic in Saudi Arabia on Thursday morning
Apple acquired more AI companies than any other tech giant over the past decade.
eBay (EBAY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Atlassian today announced an update to Jira Software, its popular project and issue-tracking tool, that brings a number of major updates to the roadmapping feature it first introduced back in 2018. Back in 2018, Atlassian also launched its rebuilt version of Jira Software, which took some of its cues from Trello, and today's release builds upon this. "When we launched that new Jira experience back in October 2018, I think we had a really good idea of what we were trying to do with it and where we were taking it," said Jake Brereton, the head of marketing for Jira Software.
Even as new competition comes to market, the streaming-TV company is optimistic about its growth prospects.
A new Gallup poll suggests that discontent over U.S. abortion policy is at an all-time high.
Investors in Expedia Group Inc (EXPE) saw new options become available today, for the March 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the EXPE options chain for the new March 6th contracts and identified one put and one call contract of particular interest.
TRIP vs. AMZN: Which Stock Is the Better Value Option?
CDW vs. NOW: Which Stock Is the Better Value Option?
Investors in Twitter Inc (TWTR) saw new options begin trading today, for the March 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the TWTR options chain for the new March 6th contracts and identified one put and one call contract of particular interest.
The U.S. city of Phoenix will delay a planned fee hike for pickup and dropoff ride-hailing services at its Sky Harbor International Airport over which Uber Technologies Inc had threatened to leave, saying it would await a court decision.
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FinancialContent
This technology subset is on its way to becoming a trillion-dollar-a-year industry.
Buoyed by Tesla’s ascent to the $100 billion market value club, other electric vehicle investment assets are perking up this year, including the Global X Autonomous & Electric Vehicles ETF (NASDAQ: DRIV). DRIV, which is soaring despite a relatively low weight to Tesla, seeks to provide...
Tesla shares — unsafe at any speed? Apparently so, according to the consumer advocate and former presidential candidate, who issued a stark warning this week, not only on the pricey stock, but on the market as a whole.
Global IPO activity had a pretty decent year in 2019 and is expected to remain busy in 2020.
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FinancialContent
Is this Uber's plan to turn profitable?
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FinancialContent
Investors in this e-commerce stock have some big questions heading into Tuesday's earnings report.
Americans love the two companies, while journalists and advocates take a critical view.
InvestorsObserver issues critical PriceWatch Alerts for INTC, PINS, PTON, TLRY, and W.
There was one value strategy that wasn’t a disaster in 2019, and it now likes commodity producers over techs.
The Zacks Analyst Blog Highlights: Pfizer, Wells Fargo, SAP, salesforce.com and Eli Lilly
Teradata has been recognized with the highest technology score in the Big Data Warehouse Landscape Q4 2019 report by The Information Difference.
Based on its recent analysis of the global IP hardware communications endpoints market, Frost & Sullivan recognizes Cisco Systems with the 2019 Global Market Leadership Award. Cisco's robust growth strategy and implementation effectiveness, innovative portfolio, tight customer focus, and strong brand recognition have enabled it to acquire a revenue share of 31.2 percent, 20.6 percentage points ahead of its closest competitor.
Tom Plumb of Wisconsin Capital Management says growth-stock valuations aren’t overly high and expects investors to keep paying up for the most successful companies.
Performance of eBay's (EBAY) core marketplace business is likely to have been impressive in Q4. Yet, heightening competition might have hurt its earnings.
The company locks up too much of its value.
The social media giant still generates billions of dollars in ad revenue from China without any active apps.
French President Emmanuel Macron has struck a deal with U.S. President Donald Trump and Paris has suspended its tax on the internet giants. Meanwhile, the U.K. is playing hardball.
12:19
FinancialContent
Atlassian Corporation (NASDAQ: TEAM) unveils its next round of earnings this Thursday, January 23. Here is Benzinga's ...
Several large-cap stocks within the index have already popped more than 10% year to date and still have strong upside left.
Today we'll look at Expedia Group, Inc. (NASDAQ:EXPE) and reflect on its potential as an investment. Specifically...
There was one value strategy that wasn’t a disaster in 2019, and it now likes commodity producers over techs.
TripAdvisor shares recovered from a deeper swoon Thursday but were still trading in the red on a report that the travel site was laying off 200 employees amid increased competition from Google . A round of layoffs that large would represent nearly 5% of TripAdvisor's total workforce of just more than 3,800 as of the end of September, according to Bloomberg. Google has upgraded its travel search tools in recent years to compete with trip booking websites like TripAdvisor and Priceline.
* Loss-making Mercari aiming for growth outside core business (Adds detail)
Companies Reporting Before The BellSouthwest Airlines Co. (NYSE: LUV) is projected to report quarterly earnings at $1.10 per ...
Britain's tax policy is a matter for the British government, not the United States or the European Union, trade minister Liz Truss said on Thursday when asked about pressure from the U.S. administration over a planned digital tax.
Amazon.com Inc (NASDAQ: AMZN) has requested the court to halt Microsoft Corporation's (NASDAQ: MSFT) work with the Pentagon on a $10 ...
A Chinese student at the University of Minnesota was arrested and jailed in China for posting tweets critical of the Chinese government ...
SmarTrend identified an Uptrend for Fitbit Inc - A (NYSE:FIT) on September 12th, 2019 at $3.73. In approximately 4 months, Fitbit Inc - A has returned 78.52% as of...
Tripadvisor will be laying off about 200 workers, and Skift has learned that its Experiences business could be one of the targets of the company's cost-cutting. Bloomberg first reported on Wednesday night the pending layoffs, saying that about 200 jobs would be eliminated, according to its sources. That would represent about 5 percent of Tripadvisor's […]
U.S. equity markets have experienced muted trade in the past few sessions as investors keep one eye trained on a deadly flu outbreak in China, which could soon be declared a public health emergency by the World Health Organization within the next 24 hours.
The city of Phoenix decided Wednesday to delay putting new ground transportation fees in place at Phoenix Sky Harbor International Airport until after the Arizona Supreme Court rules whether the fee increases are constitutional.
(Bloomberg) -- TripAdvisor Inc. is cutting hundreds of jobs, according to people familiar with the situation, underscoring the company’s need to reduce costs as competition from Google intensifies.The online travel information provider is eliminating about 200 workers, said the people, who asked not to be identified discussing private decisions. The company had just over 3,800 staff at the end of September, according to data compiled by Bloomberg. A TripAdvisor spokesman declined to comment, but pointed to a recent earnings conference call in which the company said it was “prudently reducing and re-allocating expenses in certain parts of our business to preserve strong profitability.”Alphabet Inc.’s Google has launched new travel search tools that compete with TripAdvisor, while adding its own reviews of hotels, restaurants and other destinations. Google has also crammed the top of its mobile search results with more ads. This has forced many companies, including TripAdvisor, to buy more ads from the search giant to keep online traffic flowing.Google’s Search Ad Embrace Crushes Online Travel AgentsIn early November, TripAdvisor shares slumped more than 20% in one day after the company reported dismal third-quarter results. It said the main challenge was “Google pushing its own hotel products in search results and siphoning off quality traffic that would otherwise find TripAdvisor via free links and generate high margin revenue in our hotel click-based auction.”“Google has got more aggressive,” TripAdvisor Chief Executive Officer Stephen Kaufer said at the time. “We’re not predicting that it’s going to turn around.”To contact the reporters on this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.net;Olivia Carville in New York at ocarville1@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Alistair Barr, Jillian WardFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
22 Jan, 2020
Apple stock has skyrocketed nearly 110% in the last year. Now the question is should investors think about buying the iPhone giant's stock before Apple reports its Q1 2020 earnings results on Tuesday, January 28?
Members of "The Faithful" who can't pass up the opportunity to cheer on the 49ers against the Kansas City Chiefs in Miami on Feb. 2 may have a new payment option for snagging a ticket. With fans perhaps wary of maxing out their credit cards for Super Bowl seats, two San Francisco-based companies have rolled out a financing partnership that offers another option. Affirm Inc., a fintech that provides consumer payment alternatives to cash and traditional credit, announced the new partnership on Tuesday with eBay-owned StubHub, which enables fans to purchase event tickets upfront and pay for them over time.
Cisco Systems (CSCO) closed the most recent trading day at $49.06, moving +0.53% from the previous trading session.
(Bloomberg) -- Chinese internet giant ByteDance Inc. is seeking a new chief executive officer for its TikTok business, a hugely popular video app that American politicians have targeted as a potential security threat.The company has interviewed candidates in recent months for the CEO role, which would be based in the U.S., according to people familiar with the matter, who asked not to be named because the search is private. In one potential scenario, the new CEO would oversee TikTok’s non-technical functions, including advertising and operations, while current TikTok chief Alex Zhu would continue to manage the majority of product and engineering out of China, one person said. The hiring process is ongoing and the envisioned role could still change depending on who is selected, the people added.Zhu, who co-founded a predecessor to TikTok called Musical.ly, took over the business last year, though ByteDance also has a Chinese version of TikTok called Douyin, which is run by a different management team. The eventual corporate structure involving Zhu and the new CEO is still unclear, the people said, and Bytedance has hired executive search firm Heidrick & Struggles to help lead the process.A spokesman for TikTok declined to comment. Heidrick & Struggles didn’t respond to a request for comment.The new hire won’t affect the role of Vanessa Pappas, who currently oversees TikTok’s U.S. operations from Los Angeles, one person said. In a blog post Wednesday, Pappas wrote that TikTok has opened a new Culver City office with plans to “scale our local operations,” and now has more than 400 U.S. employees.“While we are a global company, having a permanent office in LA speaks to our commitment to the U.S. market and deepens our bonds with the city, and the talent and companies, that call it home,” she wrote.Beijing-based ByteDance, led by CEO Yiming Zhang, has built TikTok and Douyin into some of the world’s most popular apps with more than a billion users between them who share short video clips of things like lip-syncing and dance videos. That has made ByteDance the most valuable tech startup in the world, challenging the dominance of U.S. companies like Facebook Inc. and Snap Inc.The app is growing fast and drawing a lot of attention from advertisers and competitors. Snap CEO Evan Spiegel said over the weekend he thought TikTok alone could grow to be larger than Instagram, which has more than 1 billion active users and has been the go-to social media destination for young people in the U.S.With rising tensions between China and the U.S., however, American politicians have warned the app represents a national-security threat. The Committee on Foreign Investment in the U.S., better known as CFIUS, has begun a review of ByteDance’s 2017 purchase of the business that became TikTok, Bloomberg News reported in November.ByteDance is weighing a range of options to address those concerns, from an aggressive legal defense to the sale of a stake in TikTok, Bloomberg News reported in December. A representative for the company said at the time there have been no discussions about any partial or full sale of TikTok.“I remain deeply concerned that any platform or application that has Chinese ownership or direct links to China, such as TikTok, can be used as a tool by the Chinese Communist Party to extend its authoritarian censorship of information outside China’s borders and amass data on millions of unsuspecting users,” U.S. Senator Marco Rubio, a Republican from Florida, wrote in a letter to the Treasury Department, which chairs CFIUS.The hiring of a new U.S. CEO may be aimed at resolving those security concerns, the people said. It’s possible ByteDance is searching for a candidate who could help address questions in Washington or for someone with the skills to lead an independent business if it faces pressure to separate TikTok from the Chinese parent. It’s unclear how much autonomy this new CEO would have. A number of successful tech companies are led by CEOs who also have influence over product direction, including Facebook, Snap and Twitter.ByteDance would prefer to maintain full control of the business if possible, given its soaring popularity and profit potential, Bloomberg News reported earlier. It may argue that TikTok presents no security threat or that the U.S. has no legal standing over the business.TikTok has said it strives to create a safe and positive online environment. “We are not influenced by any foreign government, including the Chinese government; TikTok does not operate in China, nor do we have any intention of doing so in the future,” the company said in October.(Updates with detail on search company in the third paragraph.)\--With assistance from Zheping Huang.To contact the reporters on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.net;Sarah Frier in San Francisco at sfrier1@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Jillian Ward, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The tech giant wants to bring artificial intelligence to bear on solving diseases like cancer, but the side effect of that could be a loss of our privacy.
Top tickers for end of day: TEVA, AAPL, TSLA, CSCO, NKE, GE, NIO.
Uber Technologies Inc (NYSE: UBER) CEO Dara Khosrowshahi spoke to CNBC from the sidelines of the World Economic Forum and covered ...
Check out these three high-yield tech stocks we found using our Zacks Stock Screener that dividend investors might want to buy right now...
Twelve startups disclosed more than $650 million in venture funding deals at midweek in the Bay Area. Here's more on that and other venture news.
The continued emphasis on “other bets” offers a window into Pichai’s thinking as Alphabet moves into its next phase of growth to maintain its newly attained status as a $1 trillion company in market value.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Alphabet Inc (GOOG), where a total volume of 36,608 contracts has been traded thus far today, a contract volume which is representative of approximately 3.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 252.1% of GOOG's average daily trading volume over the past month, of 1.5 million shares..
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Prothena Corp plc (PRTA), where a total of 1,658 contracts have traded so far, representing approximately 165,800 underlying shares. That amounts to about 56.2% of PRTA's average daily trading volume over the past month of 295,030 shares..
The spending has come as Big Tech increasingly finds itself in lawmakers and regulators’ cross hairs.
Pivotal Research Group analyst Michael Levine lifted his price targets for Facebook, Alphabet, Twitter, Amazon.com, and three other internet stocks.
JPMorgan CEO and Chairman Jamie Dimon, meanwhile, blasted negative interest rates, saying they won’t ‘end well.’
He shell be missed #RIPeanut, fans say.
The state would use the extra revenue to implement the recommendations made by a panel that found last month that "safety is not a priority at the T."
Top tickers for midday: TSLA, NIO, NFLX, AAPL, BA, AMD, BYND, IBM, FB, GE, T, MSFT, SNAP, AMZN, ROKU, MU, UBER, INTC, LK, JD.
Annual IoT Breakthrough Awards Program Recognizes Standout Internet-of-Things Companies and Products
Sundar Pichai, the CEO of Alphabet Inc and its Google subsidiary, said on Wednesday that healthcare offers the biggest potential over the next five to 10 years for using artificial intelligence to improve outcomes, and vowed that the technology giant will heed privacy concerns.
Top Stock Analyst Reports for Pfizer, Wells Fargo & SAP
ServiceNow (NOW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
17:06
Seeking Alpha
Will the RFID chipmaker or the networking-hardware maker fare better in 2020?
IBD 50 member ServiceNow is in a potential buying range as it gets ready to report earnings on Jan. 29. The stock is about 4% above a 303.27 buy point from a first-stage consolidation. Buying a stock just ahead of earnings can be risky since you typically don't have enough time to establish a profit cushion before the latest quarterly numbers come out.
Uber and Lyft are smoking the market this year after debuting as broken IPOs in 2019. Sentiment is changing, and investors can profit from the shift.
As companies look to adapt and adopt in the fast-paced world of technology, Salesforce.com Co-CEO Keith Block noted that there are three key pillars of digital transformation.
Free cash flow topped a negative $3 billion last year as the movie-streaming company booked 167 million global paid subscriptions.
Stock prices are moving in tandem with the expansion of the Fed’s balance sheet, but got crunched as the central bank boosted rates.
DOW UPDATE The Dow Jones Industrial Average is climbing Wednesday morning with shares of IBM and Intel leading the way for the blue-chip average. Shares of IBM (IBM) and Intel (INTC) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) was most recently trading 34 points higher (0.
Electric scooter operator Skip is gearing up to appeal San Francisco’s decision to not grant it a permit to operate in the city. When the city’s Municipal Transportation Agency (SFMTA) announced the permit grantees in September, it came as a surprise to Skip, which had previously received a permit to operate as part of the […]
Amazon has boosted its position as the world’s most valuable brand surpassing Google, Apple and Microsoft, according to a global report.
* U.S., UK eye post-Brexit trade deal but UK to prioritise EU
Investors in Teradata Corp (TDC) saw new options begin trading this week, for the March 20th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the TDC options chain for the new March 20th contracts and identified one put and one call contract of particular interest.
ServiceNow said the acquisition will extend its artificial intelligence-powered operations capabilities, "giving customers deeper insights into their digital operations so they can prevent and fix IT issues and find 'blind spots' at scale before they become problems."
During the morning session on Wednesday, 398 stocks hit new 52-week highs.Interesting Highlights:Alphabet(NASDAQ: ...
15:16
FinancialContent
In early trading on Wednesday, shares of International Business Machines topped the list of the day's best performing Dow Jones Industrial Average components, trading up 4.5%. Year to date, International Business Machines registers a 8.5% gain.
DOW UPDATE Shares of IBM and Intel are seeing strong returns Wednesday morning, propelling the Dow Jones Industrial Average into positive territory. The Dow (DJIA) was most recently trading 108 points (0.
InvestorsObserver issues critical PriceWatch Alerts for AMD, BBBY, JD, MS, and UBER.
InvestorsObserver issues critical PriceWatch Alerts for AAPL, BAC, MU, NIO, and SNAP.
Garmin (GRMN) unveils a GPS smartwatch, Approach S62, to expand its share in the wearables market.
In his first 24 hours on the job, the new head of Uber Freight Europe spoke about his responsibility to prioritize the digital ...
ServiceNow announced today that it has acquired Loom Systems, an Israeli startup that specializes in AIOps. ServiceNow is first and foremost a company trying to digitize the service process, however that manifests itself. Companies can monitor their systems, wait until a problem happens and then try to track down the cause and fix it -- or, they can use the power of artificial intelligence to find potential dangers to the system health and neutralize them before they become major problems.
ServiceNow to acquire Loom Systems.
Financialnewsmedia.com News Commentary
13:07
Seeking Alpha
Oracle Health Sciences gives PharSafer the ability to optimize management and processing of critical data
Leading hospitality technology fuels hotel chain growth, while fostering guest loyalty
Is Snapchat safe from the fast growing video-sharing app?
Tesla has been a top performer for its early investors. Is it too late to jump in?
The coronavirus disease broke in a crucial time as the Chinese Lunar New Year holiday will start from Jan 24 with hundreds of millions of people expected to travel to and from China.
An employer-sponsored 401(k) account can be a wonderful thing, helping you amass hundreds of thousands of dollars for retirement. Don't make any of these mistakes, though, or they could cost you -- a lot.
Russia’s new Prime Minister is a big fan of the “Google of Russia.”
12:03
Yahoo! Finance
The global backlash against Big Tech is not all bad news for Silicon Valley. For some, the techlash is proving to be an irresistibly effective marketing ploy. Earlier this week, news website Axios reported that Snap founder and chief executive Evan Spiegel had appeared on stage in Germany and taken a swipe at Facebook (which has plundered Snapchat features in the past) by claiming that his social media platform had avoided the criticisms levelled at Facebook because it adopted the right division between private and public communication.
Sundar Pichai, the CEO of Alphabet Inc and its Google subsidiary, said on Wednesday that healthcare offers the biggest potential over the next five to 10 years for using artificial intelligence to improve outcomes, and vowed that the technology giant will heed privacy concerns.
General Motors Co's self-driving car unit, Cruise, on Tuesday unveiled a prototype electric vehicle with no steering wheel or pedals for use in its planned autonomous ride-sharing service.
03:25
FinancialContent
Value investing will come back into favor in the everlasting tug of war between growth and value. It is just going to an extreme this time which presses even the most optimistic person
General Motors Co's self-driving car unit, Cruise, on Tuesday unveiled an electric vehicle with no steering wheel or pedals for use in its planned autonomous ride-sharing service, but did not say when it would go into production.
It’s hard to put a positive spin on terrible situation, but that didn’t stop Goldman Sachs CEO David Solomon earlier today. Asked during a session at the World Economic Forum in Davos about WeWork’s yanked IPO in September,  Solomon suggested it was proof that the listing process works, despite that the CFO of Goldman — […]
Uber Technologies Inc on Tuesday prevailed in a lawsuit accusing it of driving a smaller rival out of business through predatory pricing and other anticompetitive practices.
21 Jan, 2020
The effects of large-scale share repurchases can tell us a lot about a company Continue reading...
What does it mean to “watch” a show on a streaming service? For Netflix Inc., it now means viewing at least two minutes.
EBay Inc. has laid off 102 employees in San Jose and San Francisco, with additional layoffs reported in the company’s Seattle office. The San Jose e-commerce giant notified the state of California of the 102 Bay Area layoffs on Wednesday, with most of the cuts affecting San Jose employees. “It is part of our normal course of business to regularly evaluate initiatives and investments for eBay’s continued long-term success,” company spokeswoman Julianne Whitelaw told the Silicon Valley Business Journal in an email.
Investors in Oracle Corp (ORCL) saw new options begin trading today, for the September 18th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 241 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration..
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Palo Alto Networks, Inc (PANW), where a total volume of 6,559 contracts has been traded thus far today, a contract volume which is representative of approximately 655,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 79% of PANW's average daily trading volume over the past month, of 830,110 shares..
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Expedia Group Inc (EXPE), where a total volume of 11,234 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.1% of EXPE's average daily trading volume over the past month, of 2.2 million shares..
21:02
Seeking Alpha
Expedia Group (NASDAQ: EXPE) will report its fourth quarter 2019 results for the period ended December 31, 2019 on Thursday, February 13, 2020 via an earnings release and accompanying webcast. These items will be available in the Investor Relations section of the company's corporate website at http://ir.expediagroup.com. The earnings release will post after market close and the webcast will begin at 1:30 PM Pacific Time / 4:30 PM Eastern Time. A replay of the call is expected to be available for at least three months.
These two stocks give investors a great opportunity to invest in both healthcare and tech.
Symbols mentioned in this story: VT, GOOG, HD, BA Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Symbols mentioned in this story: VOO, C, CRM, NVDA Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Symbols mentioned in this story: VGT, V, MA, CSCO Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
20:09
Seeking Alpha
Gainers• Gilat Satellite Networks, Inc. (NASDAQ:GILT) shares rose 13.3% to $10.37 during Tuesday's regular ...
* Indexes down: Dow 0.59%, S&P 0.25%, Nasdaq 0.24% (Updates to late afternoon, changes byline, adds dateline)
The damage to the Dow and S&P 500 has been minimal to this point, and that’s something that Kevin Muir, veteran trader and author of the popular Macro Tourist blog is worried about.
‘My content is teen, edgy bad boy,’ says 17-year-old Josh Richards.
David Leavitt may be an award-winning journalist, as his Twitte bio claims, but he’s also an absolute nightmare of a customer, if his recent run-in with a Target employee is any indication.
Fears of a potential coronavirus pandemic has weighed heavily on shares of companies in a wide variety of sectors, particularly those with revenue exposure to travel into and out of China.
Top tickers for midday: TSLA, AAPL, NIO, AMD, BYND, UBER, MSFT, NFLX, ROKU, FB, BABA, SNAP, LK, INTC, BAC, BA, AMZN, AMRN, V, DIS.
Goldman Sachs Chief Executive David Solomon called WeWork's abandoned initial public offering (IPO) a great example of the listing process working on Tuesday, even if was "not as pretty as everybody would like it to be".
Stock valuations have gotten so high that the value crowd is crowing again.
Cloudflare CEO Matthew Prince joins Yahoo Finance live from the 2020 World Economic Forum in Davos.
Gainers• AudioEye, Inc. (NASDAQ:AEYE) stock increased by 9.7% to $5.10 during Tuesday's regular session. The most recent ...
* Indexes down: Dow 0.18%, S&P 0.14%, Nasdaq flat (Changes comment, updates prices)
A gain of 6.04% in 2020 for shares of Adobe Inc. (ADBE) has big money written all over it. A great way to uncover tomorrow's winners is to look for great stocks seeing big buy activity, and Adobe could be just the opportunity. Smart money managers are always looking to bet on the next outlier stocks … the best in class.
Yahoo Finance chats with PayPal CEO and Salesforce co-CEO Keith Block about shareholder capitalism on the sidelines of the 2020 World Economic Forum.
Yahoo Finance's Editor in Chief Andy Serwer and Alexis Christoforous speak with John Tuttle, NYSE Vice Chairman & Chief Commercial Officer, live at the World Economic Forum in Davos, Switzerland.
When Anne Wilson recently realized she had reached the four decade mark at the same Bay Area nonprofit, it struck her as both a profound achievement and realization that the time to pass the torch had come. CEO of the United Way Bay Area since 2000, the 67-year-old Wilson says now is a good opportunity to bring in fresh leadership to the local offices of the nationally recognized nonprofit. "I think every organization needs new leadership after a certain amount of time." Wilson will step down on Feb. 28 but will continue to work with the UWBA to ensure smooth transition — expected by spring — as the United Way Worldwide conducts a national search for her replacement.
The market gave up ground on Tuesday morning.
* Indexes down: Dow 0.15%, S&P 0.23%, Nasdaq 0.09% (Updates to open)
Uber Technologies Inc on Tuesday said it is testing a feature that allows some drivers in California to set their own fares, hoping the change will help it show that its drivers are independent contractors rather than employees under state law.
The pinboarding network becomes the third-largest social network in the U.S.
Yahoo Finance chats with Howard Elias, Dell Technologies president of services and digital, and Annette Clayton, Schneider Electric North America CEO, at the 2020 World Economic Forum in Davos about the outlook for economic growth.
Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Equity’s regular, long-form shows still land each and every Friday, including this entry from just a few days ago. This morning, coming to you early from the frozen tundra of the American East Coast, it’s Tuesday. That’s because […]
Tuesday's morning session saw 316 companies set new 52-week highs.Interesting Points:The largest company by market cap to ...
15:06
FinancialContent
Snap is making a comeback, but TikTok is stealing attention share at an impressive pace.
The new year isn’t even a month old and the food delivery crunch is already taking big bites. Spain’s Glovo has today announced it’s exiting four markets — which it says is part of a goal of pushing for profitability by 2021. Also today, Uber confirmed rumors late last year by announcing it’s offloading its […]
SAP's new co-CEO Christian Klein chats with Yahoo Finance at the 2020 World Economic Forum about the company's biggest priorities.
UpgradesWedbush upgraded the stock forWestern Digital Corp(NASDAQ: WDC) from Neutral to Outperform. For the first ...
Last year it doubled its headcount to reach 850 employees and expects more considerable growth at its San Francisco headquarters and New York office.
The global AI market is projected to witness a compound annual growth rate of 57% between 2017 and 2025.
As many as seven million people annually visit the Colosseum in Rome, an average of about 19,200 a day. This list is based on TripAdvisor's most-booked attractions in the world in 2019. Many of the popular tours booked at these places are "skip-the-line" tours or "after-hours" tours, evidence of the overwhelming crowds.
Pinterest stock is up more than 23% in 2020, so the social media company has a lot to prove when it reports Q4 earnings.
2019 is well and truly in the books, and the "Crypto Predictions for 2020" editorials have long since flooded email inboxes, ...
Amazon (AMZN) teams up with mom-and-pop stores (kirana shops) in India in order to strengthen its delivery system in the country.
Intel (INTC) Q4 results are expected to have benefited from improvement in the DCG, IOTG and NSG segments. However, decline in CCG is likely to have been a headwind.
More than 20 years after the first documented usage of the term “cloud computing,” the first cracks appeared in the spending patterns of big data center build-out by public cloud companies.
'Today, more than ever, the world needs leadership in environmental sustainability," Kevin Johnson wrote in a letter.
PCI Pal, the secure payments provider to contact centers and businesses taking Cardholder Not Present (CNP) payments, today announced that it has been selected as a Preferred Solution Partner by Cisco (NYSE: CSCO). Following rigorous tests to ensure seamless integration with Cisco technologies, PCI Pal’s Agent Assist and IVR payments achieved Cisco compatible certification.
When looking for the best artificial intelligence stocks to buy, investors should expand their search to unexpected fields. Salesforce.com and Trade Desk are among AI stocks on IBD's radar.
Enterprises are focusing on enhancing workspace communication to boost productivity, which puts Microsoft and Slack under the spotlight.
Garmin (GRMN) has been making significant investments in the outdoor segment, which in turn helps it to develop a solid product line.
CRM stock has lagged software group peers as investors digest a number of big industry acquisitions, such as Tableau. Could digital transformation growth drive a Salesforce stock rally?
GainersSemiLEDs, Inc.(NASDAQ: LEDS) shares surged 32.8% to $2.67 during Tuesday's pre-market session. CounterPath, ...
* Uber Eats held earlier talks with Swiggy - sources (Adds detail, CFO comment)
What fuels top-line growth for software growth stocks? At least four megatrends in technology: cloud computing, digital transformation, big data analytics and artificial intelligence.
San Francisco and Lagos-based fintech startup Flutterwave has raised a $35 million Series B round and announced a partnership with Worldpay FIS for payments in Africa. With the funding, Flutterwave will invest in technology and business development to grow market share in existing operating countries, CEO Olugbenga Agboola — aka GB — told TechCrunch. The company will […]
SmarTrend identified an Uptrend for Adobe Sys Inc (NASDAQ:ADBE) on November 1st, 2019 at $279.55. In approximately 3 months, Adobe Sys Inc has returned 25.11% as of today's recent...
SmarTrend identified an Uptrend for Servicenow Inc (NYSE:NOW) on October 28th, 2019 at $243.14. In approximately 3 months, Servicenow Inc has returned 28.54% as of today's recent price of...
LOS ANGELES, CA / ACCESSWIRE / January 20, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Expedia Group, ...
20 Jan, 2020
The analyst sees Customer 360 as a "key differentiator" for customers looking to gain insight into the large amount of data stored in customer relationship management.
17:29
Yahoo! Finance
Oracle tops the list Continue reading...
16:14
FinancialContent
Snapchat parent company Snap Inc. made a new 52-week high last Friday in a beautiful breakout pattern.
Zacks.com featured highlights include: China Distance Education, Intellicheck, Snap and Mesoblast
Is the ability to time the markets more of a data-driven science or a 'gut - feeling' art?
Salesforce (NYSE: CRM), the global leader in CRM, today announced that Chairman and Co-CEO Marc Benioff and Co-CEO Keith Block will participate in the World Economic Forum Annual Meeting taking place in Davos, Switzerland from January 21-24, 2020. At the event, Benioff and Block will participate in the following discussions:
12:05
FinancialContent
Over the last few years, CSCO has set out to reinvent IT architectures to help customers simplify the ever-changing technology landscape.
At the end of the third quarter, Pinterest (NYSE:PINS) had 322 million monthly active users (MAUs). That fact, along with the market value assigned PINS stock, sets up a rather interesting comparison.Source: Nopparat Khokthong / Shutterstock.com Pinterest's enterprise value (EV) -- its market capitalization less cash -- is $11.3 billion. Snap (NYSE:SNAP) announced it had 210 million DAUs (daily active users) for its 3Q earnings, which means its monthly user base is likely much higher. Furthermore, its EV is more than twice as high.Twitter (NYSE:TWTR) finished 2018 with 321 million MAUs, at which point it stopped disclosing that figure. It closed the 3Q 2019 with 145 million DAUs, and its enterprise value is right around $23 billion -- almost exactly double that of Pinterest.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFrom a per-user standpoint, PINS stock looks noticeably undervalued. The question at this point, though, is if it should be. PINS Stock RalliesTrading in Pinterest stock this week suggests investors are paying closer attention to user-based valuation. A report on Tuesday from eMarketer showed that Pinterest actually has more U.S. users than Snapchat in 2019. In the three ensuing sessions, PINS stock gained 17%. * The Top 5 Dow Jones Stocks to Buy for 2020 Again, the optimism makes some sense -- particularly with PINS stock struggling in recent weeks. Shares plunged after the company's third-quarter report in November showed slowing revenue growth. But the report was hardly terrible: the top line still grew 47% year-over-year in the quarter.Also, with PINS stock below $20 after fading further following the post-earnings selloff, valuation looked reasonable -- at least by social media stock standards. Valuation remains reasonable, with EV/2019 revenue just above 10x, and the 2020 multiple barely above 7x. On a top-line basis, too, PINS trades at a discount to TWTR and SNAP.In fact, it trades at only a modest premium to Facebook (NASDAQ:FB), whose revenue growth next year is expected to be around 21% versus 35% for Pinterest. It might seem crazy -- or the sign of a bubble in the market -- to argue that PINS stock is cheap at 7x revenue, with adjusted earnings per share (EPS) next year likely to be barely positive. But, on a relative basis, it is. The Case for Pinterest StockAnd where that gets particularly interesting is looking at how Pinterest monetizes those users. Simply put, Pinterest isn't doing a very good job -- yet. Its global ARPU (average revenue per user) in the third quarter was just $0.90. The figure at Snap (albeit on a daily user basis, which inflates the number somewhat in comparison) was $2.12. Twitter (again, based on daily numbers) was near $6, and Facebook (using MAUs) above $7 -- about eight times that of Pinterest.Somewhat counterintuitively, this is good news for PINS stock, as it means there's plenty of room for improvement. That's most obviously true overseas, as ARPU outside the U.S. in the third quarter was just 13 cents. On the other hand, SNAP stock has rallied over the past 13 months thanks to optimism toward its own potential for better monetization, especially overseas. Pinterest has a similar opportunity and a lower stock price, at least relative to its users and revenue.The eMarketer report seems to have reminded investors of that fact, and so the rally this week makes some sense. The RisksThat said, there are three key risks here. The first is that the other stocks in the social media space may well be overvalued. Pinterest stock could outperform SNAP going forward, but that alone doesn't mean PINS will rally.The second is that competition is going to be intense, and Pinterest is later to the game. Amazon (NASDAQ:AMZN) quickly is becoming a force in online advertising, and threatening the duopoly of Facebook and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) in the process. Pinterest is a later entrant into the space, which may make it more difficult to challenge those giants.Finally, it's fair to wonder at least a little bit, if execution needs to improve. The international ARPU figures in particular are quite soft -- and can't be explained solely by different demographics and buyer behaviors. All social media companies have much higher monetization domestically, but none have the huge spread that Pinterest does; ARPU in Q3 was $2.90 in the U.S., 22x the overseas figure.The opportunity for improvement is bullish in the sense that ARPU can drive overall revenue growth. However, it's bearish in the sense that the opportunity is so large. ARPU rose just 14% YOY in Q3. A 26% rise in the U.S. is solid, but with the domestic user base up just 8% YOY, there might not be enough in that market to drive the growth still priced into the stock.Meanwhile, overseas markets, again, are much smaller: even Facebook generated just $3.24 per user in Asia-Pacific in Q3, and $2.24 in its "Rest of World" segment (which excludes the U.S., Canada, Europe, and Asia Pacific). That's a big reason why PINS stock slumped so much after the Q3 report, despite seemingly impressive consolidated results. A Key Earnings Report for PINS StockRecent trading and the reaction to Q3 suggest that the fourth-quarter report, due on Feb. 6, is exceedingly important. Investor enthusiasm has built just this week. Valuation might be cheap on a relative basis, but PINS stock still trades at nearly 7 times 2020 revenue and over 300 time adjusted EPS.Pinterest doesn't necessarily have to prove its ability to better monetize users in a single quarter, but it needs to inspire confidence on that front. This increasingly is a story of opportunity versus execution, and Pinterest needs to make sure investors keep focusing on the former -- and not the latter.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post The Key Questions for Pinterest Stock Before February Earnings appeared first on InvestorPlace.
Google hopes that one day it might be able to save your life. Google’s broader health mission was outlined at a conference in San Francisco earlier this month, where its top doctor set out to show why the company may be the most ambitious of the many trying to use technology to transform healthcare. “We have 10 companies with 1bn users and five with 5bn or some insane numbers,” said David Feinberg.
Snap (NYSE:SNAP) was one of the biggest winners in social media in 2019, with its shares nearly tripling. After a dreadful downturn following its IPO, Snap enjoyed the same sort of turnaround that other social media networks did. Don't rush to conclude that Snap will eventually have the same success that, say, Facebook (NASDAQ:FB) did, however.Source: Ink Drop / Shutterstock.com Snap still faces a ton of challenges, including inconsistent user growth, a lack of profitability and relatively low revenue generation per user. At $6 per share, investors had largely given up on Snap's story. Up here at $19, the risk and reward are more fairly balanced.On top of that, CEO Evan Spiegel is selling large quantities of stock, including a $50 million sale this week. Should you join him in ringing the register?InvestorPlace - Stock Market News, Stock Advice & Trading Tips Snap's Bull CaseGiven the big run-up in Snap shares last year, it's worth asking what folks still see in the stock. At 17x sales and still losing money on an earnings basis, people aren't buying Snap stock for its strong profitability or cash flows.Rather, there's the excitement that Snap seems to be turning the corner. The company has done a better job of monetizing users. And, bulls argue, potential weakness at the dominant ad companies such as Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Facebook give Snap an opportunity. For years, investors have been speculating on which platform would become the solid No. 3 player in the industry. Twitter (NYSE:TWTR) has seemingly squandered its chance to seize that position, and it's left the door open for Snap. So far, Evan Spiegel and his team have been executing on that opportunity. AI FactoryEarlier this month, Snap announced that it is buying AI Factory, a firm based out of Ukraine that focuses on video-editing technologies. Specifically, AI Factory helped with the creation of Snap's new Cameos feature that allows users to turn their selfies into animated short videos. * 7 Small-Cap Stocks That Are Not Worth a Second Glance Snap has enjoyed tremendous success pioneering photo lenses and filters, and is betting that giving this sort of creativity to short videos will help drive more user engagement and create additional types of advertising opportunities. Other players such as TikTok are reportedly working to create videos from user selfies, so Snap is also taking a decisive step to stay ahead of the curve there. Questions About AI FactoryOne thing worth considering is that this AI Factory purchase may affect Snap in another way. $166 million is a large enough price tag that Snap will probably report adjusted earnings numbers that take this merger into account. As such, particularly if Snap reports softer-than-expected earnings, it may be able to divert attention from the numbers by saying that the figures aren't comparable due to the acquisition.This could help Snap stock in the short run, particularly if earnings come in soft. Over the long term, however, make sure to double check whether things such as reported EBITDA and cash flow figures are as good as they may seem once you account for accounting adjustments from the merger.There's also a related parties concern to consider with AI Factory. AI Factory was founded by Victor Shaburov. Shaburov and Snap already had history together. According to TechCrunch, Snap acquired Shaburov's previous company, Looksery in 2015, and Shaburov became a director of engineering at Snap. Then, Shaburov left Snap to co-found AI Factory in 2018. Less than two years later, Snap had to pony up $166 million to acquire Shaburov's latest company. This seems like an expensive way to deal with a key employee and innovator. The Bottom Line on Snapchat StockRecently, InvestorPlace's Thomas Niel concluded that Snap's stock is already priced for perfection, and wrote:"So what's the call? Consider a buy if the SNAP stock price dips. At current prices, there's not enough upside to compensate for underlying risks."I agree with Niel's take. Snap has the ability to power up to $20 and potentially past that if ad spending continues to grow at a decent clip. But don't count on 2020 to be anything like 2019 for Snap stock -- it will be a much tougher climb this year. And with shares already having tripled off the lows, it wouldn't take much for traders to want to start locking in profits on Snap if anything goes wrong.I know it's tempting to want to grab speculative stocks like this. The market is on fire, and Snap could take off like so many other hot names. But I'd urge you to be cautious. There will almost certainly be a better moment to buy Snap and other low-profitability tech companies once a correction hits.At the time of this writing, Ian Bezek owned FB stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post Wait for a Correction to Buy Snap Stock appeared first on InvestorPlace.
A graphical look at Salesforce revenue by segment.
19 Jan, 2020
Car makers and their suppliers are becoming more conscious of the role of competition authorities and the legal options available if patent owners abuse their monopolistic rights. Right now their sites are set on Nokia.
A review of the proposed acquisition Continue reading...
If you've never heard of this company, you could be missing out on a massive opportunity.
4 ways to love underloved value stocks.
18 Jan, 2020
Benzinga has examined the prospects for many investor favorite stocks over the past week.Bullish calls included a software leader ...
Stocks finished January 17 higher again, but the boundaries and the distance left to travel given the projected rise are now near their limits.
The percentage of users shopping directly in social media apps increased 69% last year.
Micron Technology, NVIDIA, and Salesforce get some love from three of our contributors who cover -- and invest in -- the AI space.
When a company has these five traits, don't worry about the price.
ETFs might rule the day, but if you want some exposure to the old school mutual fund, these are some picks well-positioned for this year.
Advertising spending is expected to grow this year thanks to the U.S. presidential election and Summer Olympics, which should bode well for the likes of Facebook, Twitter, and Google.
17 Jan, 2020
In the latest trading session, Adobe Systems (ADBE) closed at $349.74, marking a +1.26% move from the previous day.
ServiceNow (NOW) closed the most recent trading day at $312.42, moving +0.77% from the previous trading session.
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Seeking Alpha
Top tickers for end of day: AAPL, T, TSLA, AMD, SNAP, S.
Snap is the IBD Stock Of The Day, as the social media company and owner of Snapchat broke out to a one-year high and moved into a buy zone. Snap also was upgraded to buy.
The stock market continues to grind out new record highs, as equities pushed higher on Friday. Remember, Monday is closed in observation of Martin Luther King Jr. Day, so let's look at a few top stock trades for Tuesday. Top Stock Trades for Tuesday No. 1: Boeing (BA)Source: Chart courtesy of StockCharts.comBoeing (NYSE:BA) stock is moving lower on Friday, and as it's doing so, it's approaching the lower end of its recent trading range.Range support has stood firm for well over a year. The only time it failed came in late-2018, when the entire market was being hammered. Should $320 give way, it technically puts the $300 level on the table -- with the fourth-quarter lows near $286 possible below that.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf support holds, see if BA can take out its recent high at $344. If so, its 100-week moving average and downtrend resistance (blue line) are possible. Top Stock Trades for Tuesday No. 2: Pinterest (PINS)Source: Chart courtesy of StockCharts.comPinterest (NYSE:PINS) has suddenly found itself back in demand, with shares rallying from $20 to $24 in just a few trading sessions.Despite an upgrade propelling it higher on Friday, shares backed off after running into prior range support between $24 and $25, as well as the declining 100-day moving average.What now? Let's see if the stock can find its footing and continue to press higher. Otherwise, a correction down to $21 and/or the 20-day moving average may be in the cards. Top Stock Trades for Tuesday No. 3: Amazon (AMZN)Source: Chart courtesy of StockCharts.comA lot of investors are bemoaning the way Amazon (NASDAQ:AMZN) is trading lately. While it lacks the firepower that other mega-cap tech stocks have shown, it is doing better.Shares broke down below a rising wedge formation (purple lines), but the stock is finding support from the backside of prior channel resistance (blue line), as well as the 20-day moving average.Below this zone would be discouraging. But as long as it stays above the 200-day moving average, bulls still have something to work with. Below the 200-day, and that changes.On the flip side, bulls need to see AMZN clear $1,900 to regain momentum. Above puts the recent high of $1,917 on the table, followed by a potential test up to its July gap near $1,940. Top Stock Trades for Tuesday No. 4: Schlumberger (SLB)Source: Chart courtesy of StockCharts.comSchlumberger (NYSE:SLB) initially rallied on Friday after reporting earnings, but has since turned lower. Now comes make-or-break time.Near $37.50, SLB stock has the rising 50-day moving average and uptrend support (blue line) in play. Below this zone, and longs may want to consider hitting the exits. Below the 200-day moving average, though, and that's most certainly the case for traders.On the upside, investors can see that SLB failed to reclaim $40, a key technical level over the past year. If SLB can reclaim this mark, it will show that bulls are back in control. For now, though, let's see if that trend support holds up. Top Stock Trades for Tuesday No. 5: Twilio (TWLO)Source: Chart courtesy of StockCharts.comTwilio (NYSE:TWLO) has been like a little rocket. Shares broke out over long-term downtrend resistance (blue line) in December, while most growth stocks were already well out of their respective downtrends.In any regard, TWLO has been playing catch-up. On the last trading day of 2019, TWLO closed at $98.28. However, the stock headed north of $120 in five trading days since, all of which were positive. Now, shares are chopping between $117.50 and $121 -- the latter of which comes into play with the 200-day moving average.Below $117.50, and TWLO may correct a bit further given its large run. However, a move over the 200-day moving average, and the $123 mark could fire up the rally once more -- potentially sending TWLO over $130.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long PINS and TWLO. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post 5 Top Stock Trades for Tuesday: BA, PINS, AMZN appeared first on InvestorPlace.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Procter & Gamble Company (PG), where a total volume of 40,831 contracts has been traded thus far today, a contract volume which is representative of approximately 4.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 62% of PG's average daily trading volume over the past month, of 6.6 million shares..
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Generac Holdings Inc (GNRC), where a total of 2,033 contracts have traded so far, representing approximately 203,300 underlying shares. That amounts to about 47.8% of GNRC's average daily trading volume over the past month of 425,290 shares..
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in MGP Ingredients Inc (MGPI), where a total of 3,074 contracts have traded so far, representing approximately 307,400 underlying shares. That amounts to about 261.9% of MGPI's average daily trading volume over the past month of 117,395 shares..
GainersBridgeline Digital, Inc. (NASDAQ:BLIN) stock increased by 8.5% to $1.66 during Friday's regular session. Priority ...
The JPMorgan Healthcare Conference, which showcases innovations in the industry and provides a platform to exchange ideas and insights ...
Pinterest has surpassed Snapchat in popularity among U.S. users, according to a new eMarketer report. Yahoo Finance’s Dan Roberts joins Seana Smith on The Ticker to discuss.
Jack Dorsey asked Elon Musk how to fix Twitter. Here’s what he said.
Snap founder and CEO dumps 2.78 million shares Continue reading...
Starr’s investigation exposed President Clinton’s relationship with Lewinsky, leading to his 1998 impeachment
18:27
Seeking Alpha
18:21
Seeking Alpha
UpgradesWedbush upgraded the stock forWestern Digital Corp(NASDAQ: WDC) from Neutral to Outperform. For the first ...
Wells Fargo downgrades eBay stock saying heightened competition from other internet marketplaces will continue to drag on the shares.
Ready to leave your job but don’t want to retire?
The best days for TripAdvisor (NASDAQ:TRIP) have come and gone. So says its price chart which confirms the once high-flying travel services company has been dragged deep into the bears' den with few chances for escape. TRIP stock is flirting with 52-week lows, and unless something changes quick, all-time lows are on the horizon.Source: Sorbis / Shutterstock.com On that note, I will examine TRIP's stock chart from all angles to identify the trends and price levels that should define your bias moving forward. Weekly Time FrameRight out of the gate, TripAdvisor found itself a bullish following. In the 18 months following its late-2011 IPO, its shares rose five-fold. Earnings growth looked promising, and optimistic investors were willing to pay up for a piece of the action. Unfortunately, disappointment set in after a spate of quarterly reports failed to justify the lofty share price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSource: The thinkorswim® platform from TD Ameritrade Fast forward to 2020, and after a thorough dismantling of all that was gained, TRIP stock has come within a few bucks of where it began. It's been a volatile ride with dreams dashed and bulls bashed, and the worst part of the demise is that it occurred during an epic bull market. I'm not even going to run the numbers on how poorly TRIP has fared versus the S&P 500. Trust me -- it's terrible.So what now? * 7 Small-Cap Stocks That Are Not Worth a Second Glance The short answer is to steer clear. The weekly trend gives no reason for buyers to get involved. It's trending lower beneath all major moving averages with an uninterrupted series of lower lows and lower highs. We've seen multiple bounce attempts over the past year, but every time a spark of hope forms, underwhelming earnings reports arrive to snuff it out.Turning to support and resistance levels reveals the next ceiling looms near $33, while a floor sits at $27. TRIP stock has risen for eight weeks in a row, but all it's done is create a potential bear retracement pattern, or a lower-risk entry to launch short trades from. I wouldn't entertain any bullish ideas unless we see resistance fail and a bona fide reversal form. Perhaps the next earnings report will be the catalyst. Color me skeptical. TRIP Stock's Daily Time FrameWe can view the gory details of TripAdvisor's decline in greater clarity on the daily time frame. Though we've seen multiple attempts to climb back above the 50-day moving average, each has proven feeble and fleeting. Spectators hoping that this week's rise above the 50-day will prove different should hold their optimism in check. We've seen this movie before, and it always ends in tears.Source: The thinkorswim® platform from TD Ameritrade Until we see a positive response to earnings -- some kind of upside surprise to shock bears and spark an uptrend -- I see no reason to bottom fish here. Mark your calendar for Feb. 13. That's the date of the next report and will be the critical driver for TRIP's direction over the next three months.The best trade here is no trade.As of this writing, Tyler Craig didn't hold positions in any of the aforementioned securities. For a free trial to the best trading community on the planet and Tyler's current home, click here! More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post Fly Far Away From Seller-Dominated TripAdvisor Stock appeared first on InvestorPlace.
Top tickers for midday: AAPL, AMD, TSLA, NIO, MSFT, SNAP, QCOM, AMZN, TWTR, T, FB, LK, BAC, BABA, ROKU, BYND, MU, NFLX, GE, BA.
GainersiMedia Brands, Inc. (NASDAQ: IMBI) shares climbed 53.1% to $4.8231 after the company reported the launch of Shaquille ...
UBS ups its price target by 50%.
The Detroit rapper encouraged viewers to vote for stricter gun control laws in his “Darkness” music video.
The Zacks Analyst Blog Highlights: AMZN, WMT, EBAY and BABA
Although shares of Snap Inc have appreciated by 21% over the past month, the company’s prospects for revenue growth and margin expansion appear underappreciated, according to UBS.
Business momentum is here to stay for Snapchat parent Snap, but 2020 will bring headwinds for Twitter, analysts say.
Twitter Inc (NYSE: TWTR) has admittedthat ittemporarily allowed ad targeting with sensitive termssuch as ...
Zendesk acquired Base CRM in 2018 to give customers a CRM component to go with its core customer service software. After purchasing the company, it changed the name to Sell, and today the company announced the launch of the new Sell Marketplace. Officially called The Zendesk Marketplace for Sell, it’s a place where companies can […]
Symbols mentioned in this story: OEF, UNP, LLY, ORCL Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Shares of social media platform Pinterest Inc (NYSE: PINS) are poised to take offgiven its material underperformance relative to ...
Snap stock has recovered sharply from a steep decline that began the day after its initial public offering in 2017. A series of product upgrades and features is driving new growth.
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Seeking Alpha
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Yahoo! Finance
The parent company of the popular Snapchat app soared Friday after UBS upgraded shares to buy from neutral with a 24 price target.
InvestorsObserver issues critical PriceWatch Alerts for GE, INTC, PINS, ROKU, and RUN.
InvestorsObserver issues critical PriceWatch Alerts for AMD, CGC, FIT, PFE, and SNAP.
Shares of Adobe Systems Inc. are up 0.9% in premarket trading Friday after Oppenheimer analyst Brian Schwartz upgraded the stock to outperform from perform, while Autodesk Inc. shares are off 0.7% after he made the reverse move on that software stock. Schwartz said that Adobe is the closest supplier among those he covers to achieving the "holy grail" of the customer experience, which in his view is "having the capability to smoothly integrate customer data, workflow, analytics, compute and reporting in real-time, across all devices." As for his Autodesk downgrade, Schwartz is concerned that the company's strong execution in its construction business can't balance a weak macroeconomic backdrop in the manufacturing sector. Autodesk's stock has added 33% over the past three months, while Adobe's has climbed 28% and the S&P 500 has risen 11%.
Benzinga Pro's Stocks To Watch For FridayTesla (TSLA) - A report suggested The National Highway Traffic Safety Administration ...
Value investing works for all categories of stocks. When it is applied to growth stocks it is often referred to as GARP, which is an acronym for growth at a reasonable price.
Shares of Pinterest Inc. have had a strong week, rising 17% over the past three trading sessions, and the rally looks poised to continue after an upgrade to overweight from equal weight by Wells Fargo analyst Brian Fitzgerald. The stock is up more than 4% in premarket trading Friday. "Shares have materially underperformed the broader market since the company's April 2019 IPO, despite our view that the company's fundamentals remain on solid footing, as Pinterest has delivered generally solid results, handily exceeding pre-IPO targets with healthy audience and engagement growth, strong revenue growth and solid progress toward profitability," he wrote. He sees several catalysts down the road, including greater engagement stemming from more video on the platform, improvements in monetization on the heels of ad-tech upgrades, and better international monetization as the company invests in an overseas sales force. Fitzgerald said that Pinterest's average revenue per user in the U.S. was 22.5 times what it was internationally in the third quarter, compared to 3.6 times for Snap Inc. , 4.6 times for Twitter Inc. , and 6.9 times for Facebook Inc. . He upped his price target to $30 from $28. Pinterest shares have risen 26% over the past month, but they're off 12% over three months. The S&P 500 has climbed 4% over one month and 11% over three.
Citigroup lifted Caterpillar Inc. (NYSE: CAT) price target from $145 to $170. Caterpillar closed at $147.87 on Thursday. UBS cut ...
UBS analyst Eric Sheridan downgraded Twitter to Neutral from Buy with a price target of $35, down from $37.
GainersiMedia Brands, Inc. (NASDAQ: IMBI) rose 39.7% to $4.40 in pre-market trading after the company reported the launch of ...
These three stocks could experience a huge tailwind from this rapidly growing market.
The wearable tech company is waking up a dormant sensor.
The Fitbit on your wrist can not only track your exercise habits, but it can also help tell if you're coming down with the flu - and warn health authorities to get ready to help you recover. A study in the U.S. found that heart rate and sleep data from the wearable fitness trackers, can predict and alert public health officials to real-time outbreaks of the flu more accurately than current surveillance methods. Data from more than 47,000 Fitbit users in five American states revealed that predictions of flu outbreaks in those areas were better - and faster. Traditional surveillance reports can take up to three weeks, meaning response measures, such as deploying vaccines or anti-virals, and advising patients on when to stay home, can take longer. Previous studies using crowd-sourced data, such as Google Flu Trends and Twitter have experienced variable levels of success. Experts say that's because it's impossible to separate people with flu from people who search online about it - due to the media and public attention present during outbreaks. The World Health Organization estimates that as many as 650,000 people die worldwide of respiratory conditions linked to seasonal flu every year.
Shares of photo social-media site Pinterest were upgraded at Wells Fargo after they slumped nearly 40% since August.
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
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Seeking Alpha
Business-to-business payments company Bill.com may be just the stock to take market share from a shaky Paypal.
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Seeking Alpha
16 Jan, 2020
This group of 200 members is calling on other independent software makers to join their cause in fighting CRM suite makers that require customers to use only software tools in their suite.
Moody's Investors Service, ("Moody's") upgraded Adobe Systems Incorporated's senior unsecured rating to A2 from A3. Adobe surpassed $11 billion of revenue in FY 2019 (FYE November 29, 2019) and though small relative to other A2 rated issuers, its growth rate is among the highest in the rating category, its free cash flow well above the median for the category and its credit metrics among the strongest in the category. Adobe's growth rate has averaged over 20% since 2015 driven by increasing adoption of the company's creative tools and the digital transformation of the advertising and marketing process.
Asure's (ASUR) new logo and website reflects the company's announcement to become a pure-play SaaS Human Capital Management company.
Internet-Commerce Outlook: Weak Earnings Outlook & Rich Valuation
Teradata today announced that it will release its 2019 fourth quarter financial results after the market closes on Thursday, February 6, 2020.
Previously, New Relic's chief product officer was based in Portland. The new CPO will share time between Salt Lake City, Portland and other global offices.
Borrowers who racked up debt at closed schools also got a break from the IRS.
(Bloomberg) -- When Salesforce.com Inc. emerged two decades ago, it lashed out at the software establishment: large companies that allegedly locked clients into dated products. Now, a coalition of newer rivals have extended that criticism to the cloud applications pioneer.  Ten software upstarts kicked off a public campaign Thursday that knocks customer relationship management, or CRM, titans, including Salesforce, Oracle Corp. and SAP SE, by saying the large companies keep clients trapped in subpar software suites, potentially shutting out smaller rivals with newer technology.The “Platform of Independents” leading the effort include Segment Inc., Amplitude Inc., Outreach Inc., Pendo.io Inc. and Drift.com Inc. Some of the companies are privately held unicorns, with valuations exceeding $1 billion. Each caters to a different software niche. The campaign began with a two-page ad in Thursday’s print edition of the Wall Street Journal and includes a web page and information sessions for prospective clients. More than 190 companies co-signed the main tenet of the campaign, that CRM software “isn’t enough” to provide good customer experiences to consumers.“We, as independent software companies, have built our products with the belief that a business should never be locked into a suite, never forced to have a one-size-fits-all technology approach, and its data should never be siloed,” the companies said in a statement. “It’s time to break free of the data monopoly.”The smaller companies argue the large software makers focus more on selling bundled packages of products than serving their clients’ needs with continuous innovation. Large technology companies have come under increasing antitrust scrutiny for their business practices, including how they wield power to maintain advantages over smaller firms. Beyond panning the quality of the bigger players’ technology, the chief executive officers of the startups said their larger rivals use acquisitions to bolster their market power.“If any of these guys becomes too big, that’s a threat to all of us in this ecosystem,” said Spenser Skates, CEO of Amplitude, which helps clients understand user behavior to improve product experiences. “Salesforce bought MuleSoft, Cisco bought AppDynamics. This is continuing to happen. It’s definitely a concern.”Representatives for Salesforce, Oracle, SAP, and Microsoft didn’t immediately respond to a request for comment. Salesforce has been well served by its strategy in the CRM market. The company’s shares climbed about 19% last year. Oracle’s stock rose about 17%. Salesforce led the market for customer-management applications with 16.8% as of 2018, the last full year for which data is available, according to research firm IDC. Oracle was next with 5.7% while SAP came in third with 5.6%. Adobe Inc. and Microsoft Corp. rounded out the top five.Salesforce, founded in 1999, is the youngest company in the group. The others have been around for about four decades.“I think there’s something significantly broken that there’s been no big CRM company built in the last 10, 15, or 20 years,” Peter Reinhardt, the CEO of Segment, which helps companies compile their data about consumers, said in an interview.Reinhardt, who spearheaded this campaign, said he isn’t interested in being acquired. Rather, he wants to work more closely with his Platform of Independents peers to jointly sell packages of software solutions to clients, as a way to counter the selling advantages and software product bundles of larger companies. And Reinhardt is optimistic that a shakeup is possible in enterprise technology.“I think we have a temporarily dominant set of companies,” he said. “But I think there’s a huge opportunity for another rewrite of the CRM world.”(Updates with 2019 share performance in the eighth paragraph.)To contact the author of this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Mark MilianFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Today we are going to look at Teradata Corporation (NYSE:TDC) to see whether it might be an attractive investment...
Top tickers for midday: AAPL, TSLA, AMD, MS, NIO, MSFT, BAC, AMZN, BYND, FB, ACB, ROKU, BABA, TEVA, TGT, HD, CGC, MU, AMRN, TWTR.
CNN reporter Manu Raju asked Sen. Martha McSally a question and she wasn’t having it.
Inside the sectors that have seen strong share buybacks in the past 10 years.
ServiceNow (NOW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Can the social network get investors excited again following last quarter's disappointing results?
There has been a reported 20% growth in the revenue for Salesforce.com from Americas which is the result of the increasing acceptance of the company’s services.
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FinancialContent
Both tech giants pay a solid dividend while ramping up their cloud businesses. But which stock represents the best opportunity?
Software-defined solutions are finally ready to replace inflexible hardware, but the leading prospect isn't a mainstream one.
Shares of the collaboration-software maker have been on fire over the past year, but will the good times continue?
The S&P 500 is rising this morning with the S&P 500 futures pointing to an 11 point gain or roughly 31 basis points.
Citrix's (CTXS) Q4 performance is likely to have gained from robust adoption of subscription-based services. However, sluggish demand in hardware-based appliances may have been a headwind.
Former CFTC Chair is launching the Digital Dollar Project with Accenture.
Citigroup boosted the price target for BlackRock, Inc. (NYSE: BLK) from $580 to $600. BlackRock closed at $530.26 on ...
GainersYandex, Inc.(NASDAQ: YNDX) shares increased by 3.8% to $44.88 during Thursday's pre-market session. Facebook, ...
Built on top of data collected by SAP analytics cloud and resembling an air-traffic control room, the team’s Executive Huddle service is housed in a suite at Levi’s amid popcorn, drinks, and assorted snacks.
There has been plenty of chatter recently concerning the impact of the largest stocks in the S&P 500 on the broader index.
15 Jan, 2020
A trending topic on social media Wednesday was raising fresh questions about the integrity of social media and its ability to foment trends rather than fostering genuine political discourse ahead of the 2020 presidential elections.
LOS ANGELES, CA / ACCESSWIRE / January, 15 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Expedia Group, ...
Mega-caps, usually the largest and most established companies in the stock market, tend to be stable, and many of them pay dividends based on their earnings.
Pinterest (PINS) becomes the third largest social media network, surpassing Snapchat, per a recently released eMarketer Report. The report predicts Pinterest's user growth to continue in 2020.
Pinterest, Inc. (NYSE: PINS) will release financial results and a letter to shareholders for the fourth quarter and fiscal year 2019 on Thursday, February 6, 2020 after market close. The company will host a Q&A conference call to discuss these results at 2:30 p.m. PT (5:30 p.m. ET) on the same day.
Soft enterprise spending could set up a big challenge for International Business Machines Inc. in 2020, so how Big Blue spins its forecast for the year will carry a lot of weight when the company reports earnings.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in ServiceNow Inc (NOW), where a total of 7,578 contracts have traded so far, representing approximately 757,800 underlying shares. That amounts to about 52.2% of NOW's average daily trading volume over the past month of 1.5 million shares..
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Tripadvisor Inc (TRIP), where a total volume of 16,583 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.5% of TRIP's average daily trading volume over the past month, of 3.5 million shares..
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Signet Jewelers Ltd (SIG), where a total volume of 17,670 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 82.9% of SIG's average daily trading volume over the past month, of 2.1 million shares..
But the microblogging platform is still finding ways to improve the user experience.
A new calendar year doesn't always mean a fresh start. But when it comes to three of 2019's more painful investments, well-built technical bottoms and out-the-gate momentum in January are favoring turnarounds that become full-fledged, bullish momentum stocks in 2020. Let me explain.I've said it before and it bears repeating, every dog has its day. In the markets this is akin to down and out stocks, which unexpectedly surprise investors with a jump in share price. But not every doggish stock is bound to be sent back into the proverbial dog house. Some will go on to become momentum stocks.As discussed earlier this month at InvestorPlace.com, rotations into underappreciated or even vilified stocks can turn into massive opportunities as overly bearish sentiment and price action turn aggressively around. Often these disruptive shifts in investment behavior occur early in the calendar year. If for no other reason this phenomenon can be tied to institutional investors who can move more freely into last year's dogs without having to defend a stock with fleas to stakeholders at year-end.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Stocks to Buy Under $10 Having said that, Beyond Meat (NASDAQ:BYND), Pinterest (NYSE:PINS) and Grayscale Bitcoin Trust (OTCMKTS:GBTC) are three investment vehicles that demonstrate potential as momentum stocks in 2020. Momentum Stocks to Buy: Beyond Meat (BYND) Source: Charts by TradingViewAfter getting scorched in 2019 faux-meat producer Beyond Meat has quickly become a sizzling investment with Wall Street. Shares are up roughly 50% in just over a handful of trading days in 2020's early going. The catalyst? The initial headline driver was privately held rival Impossible Foods was throwing in the towel on its bid to land a spot on the McDonald's (NYSE:MCD) menu. And that leaves the door wide open for BYND stock.Technically speaking and aside from the huge gain in share value, BYND stock has firmly broken price resistance formed during the construction of a key lateral congestion pattern.BYND Stock Strategy: Our recent recommended strategy nailed a huge win in this momentum stock. But while resistance has been overcome, BYND stock is also incredibly volatile and overbought near term. My advice, put shares on the radar for purchase in-between $95 - $105 as part of a married put or collar options-based position. Pinterest (PINS) Source: Charts by TradingViewPinterest is the next of our momentum stocks to buy. When all was said in done in 2019, the popular web-based visual discovery platform saw shares cut in half from their highs and modestly below their IPO stock price of $19. But now investors might be smart to recognize what a difference a day can make.In truth, shares were already on the move out-the-gate in 2020. But Tuesday's near-10% gain has shares looking like a bonafide momentum stock. The headline driver was a report PINS stock has overtaken Snap (NYSE:SNAP) in users and only trailing social media giant Facebook (NASDAQ:FB) and the company's Instagram app.Technically, PINS stock has confirmed December's bottoming hammer candlestick formed around the 1.27% extension level and begun a move into a large gap area. This could produce a vacuum-like sweeping of shares higher before an eventual pullback. * 7 Socially Responsible ETFs to Buy in 2020 PINS Stock Strategy: This momentum stock can be bought today in anticipation of the price gap being filled. On a challenge of the $25 area, I'd recommend buying a protective put on the cheap and leave the upside open-ended until after earnings in February. Grayscale Bitcoin Trust (GBTC) Source: Charts by TradingViewThe Grayscale Bitcoin Trust is the last of our momentum stocks to buy. GBTC stock is a listed trust tied to the cryptocurrency market's largest play. Investors pay a premium versus owning the actual contract. However, due to the transparency of listed OTC securities, as well as the product's strong liquidity, I believe this is a more suitable way for most investors to gain exposure.Any investor with even a passing interest in the markets has heard of bitcoin's dazzling run and equally impressive crash over the past couple years. But if there's one game-changing technology in the market right now, the cryptocurrency space would definitely deserve to be in that conversation. And right now there's reason to see another bullish cycle emerging and GBTC's status as a momentum stock back in action.Technically, shares of GBTC have formed and confirmed a bullish higher low pattern between the 62% and 76% Fibonacci levels on the monthly chart. With GBTC up roughly 22.50% in January, it's fair to say this is a momentum stock opportunity. Yet another glance at the big picture also strongly suggests bitcoin is just now turning the corner for bullish investors.GBTC Stock Strategy: Buy this momentum stock today. But don't go all in. I'd recommend adding if confirmation of the rally is backed by a bullish crossover from GBTC stock's monthly stochastics. Use the recent low for exiting if needed and stand ready to take partial profits at the 2019 high near $17.50.Disclosure: Investment accounts under Christopher Tyler's management currently own positions in Beyond Meat (BYND) and Bitcoin (GBTC) securities, but no other investments mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Up-and-Coming Small-Cap Stocks to Watch * 7 Energy Stocks to Buy on the Resurgence of the Oil Boom * 3 Standout Oil Services Stocks to Buy The post 3 Momentum Stocks to Consider for 2020 appeared first on InvestorPlace.
A framework for investing in cloud companies helps this star venture capitalist make decisions about which startups to back.
Top tickers for midday: NIO, AAPL, TSLA, BAC, AMD, BYND, WFC, ACB, TGT, CRON, FB, SNAP, SHAK, MSFT, CGC, AMZN, GS, SDC, TEVA, TLRY.
Pinterest's user base is growing quickly and revenue should grow even faster.
SmarTrend identified an Uptrend for Fitbit Inc - A (NYSE:FIT) on September 12th, 2019 at $3.73. In approximately 4 months, Fitbit Inc - A has returned 77.32% as of...
Philips’ patent infringement lawsuit against Fitbit just sparked an ITC investigation.
With distributed workforces all the rage in the tech community these days, startups are trying to build new tools to keep those teams connected and communicating in the ways that make folks most comfortable. One of these companies is the Orlando, Fla.-based startup, Yac, which just raised $1.5 million in financing from a clutch of […]
Is (ADBE) Outperforming Other Computer and Technology Stocks This Year?
Pinterest (PINS) saw a big move last session, as its shares jumped nearly 10% on the day, amid huge volumes.
Stocks are setting up for a slightly lower opening on January 15.
There are some good reasons to believe that Salesforce could acquire Zuora.
Perion Network's (PERI) acquisition of privately-held Content IQ (CIQ) is expected to boost the advertising and search businesses.
GainersFluent, Inc.(NASDAQ: FLNT) shares surged 39.3% to $3.05 during Wednesday's pre-market session. According to the ...
New Oracle Enterprise Manager automates database migration and simplifies complex hybrid cloud environments
GainersCemtrex Inc (NASDAQ: CETX) rose 69.5% to $2.00 in pre-market trading after the company reported FY19 net loss of $21.86 ...
Zebra Technologies and TripAdvisor are worth a closer look, but not just because the S&P 500 index updated its list.
Advertise and market your business for practically nothing using Instagram, Facebook, Twitter and YouTube.
To kick off 2020, one of Europe’s newer — and more successful — investment firms has closed a fresh, oversubscribed fund, one sign that VC in the region will continue to run strong in the year ahead after startups across Europe raised some $35 billion in 2019. Felix Capital, the London firm founded by Frederic […]
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FinancialContent
GainersRTI Surgical Holdings, Inc. (NASDAQ: RTIX) shares surged 63.4% to close at $4.51 on Tuesday after the company announced ...
14 Jan, 2020
* Indexes: Dow +0.11%, S&P 500 -0.15%, Nasdaq -0.24% (Updates to close)
19:21
Seeking Alpha
From Tokyo to ‘transformational’ travel, here are some of the hottest tips for budget-conscious jet-setters for the New Year.
We're No. 3! We're No. 3!
By 2022, eMarketer expects Pinterest to have 90.1 million U.S. users, with 86.1 million for Snapchat.
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in eBay Inc. (EBAY), where a total of 42,096 contracts have traded so far, representing approximately 4.2 million underlying shares..
Top tickers for midday: AAPL, TSLA, JPM, BYND, BAC, DIS, FB, WFC, C, MU, AMD, PINS, CGC, AMZN, MSFT, NFLX, BABA, BA, NIO, UBER.
GainersRTI Surgical Holdings, Inc. (NASDAQ: RTIX) shares climbed 70.1% to $4.6953 after the company announced it will sell its ...
17:04
Yahoo! Finance
A look at the leading travel review site Continue reading...
Some U.S. tech companies have a simple solution to a raft of new laws that impact their businesses: Fight them in court or interpret them in the best light possible.
LOS ANGELES, CA / ACCESSWIRE / January 14, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Expedia Group, ...
In an election year, Facebook's policy on political ads will likely come under more scrutiny, but how much could the controversy cost the social media giant?
Amazon.com, Inc (AMZN) looks to express its discontent over JEDI contract award to Microsoft last year by seeking a court order to temporarily block Microsoft from performing any substantial work.
The Zacks Analyst Blog Highlights: Alphabet, TripAdvisor, Expedia and Booking Holdings
InvestorsObserver issues critical PriceWatch Alerts for ACB, BYND, GOOG, PINS, and T.
IBM is developing solutions to help retail clients accelerate their digital transformation initiatives.
GainersPerion Network, Inc.(NASDAQ: PERI) shares surged 6.8% to $8.86 during Tuesday's pre-market session. The most ...
Health technology giant Philips alleges that Fitbit and others are infringing on its intellectual property.
Check-ins at Refinery Hotel begin just in time for National Ditch Your Resolution Day
Tesla Inc Chief Executive Elon Musk is coming close to earning the first $346 million tranche of options in a record-breaking pay package, after the electric vehicle maker's stock more than doubled in the last three months.
Planet 13 is flying under the radar right now, but it may not stay that way for long.
ServiceNow reported strong numbers during its trailing nine months of fiscal 2019, while its share price performance grew at an impressive clip during 2019, outperforming the S&P500 during 2019. ServiceNow finds itself at a critical time with John Donahoe stepping down from his role as CEO to be CEO of Nike , and Bill McDermott coming in to lead ServiceNow towards its long-term $10 billion revenue target.
ServiceNow and Zendesk have crushed market returns in the last five years. Here's why they remain solid long-term bets.
With strong market conditions the past few months, traders remain focused on the long side as we enter the upcoming earnings season. Here are two top software stocks with explosive potential that have not yet broken out from their bases.
The Seattle City Council voted unanimously on Monday to approve campaign finance legislation banning political donations in local elections from companies with at least 5% foreign ownership.
Shares of Ebay Inc (NASDAQ:EBAY) opened today above their pivot of $34.73 and have already reached the first level of resistance at $34.89. Should the shares continue to rise,...
13 Jan, 2020
Oracle Corp. has hired a new chief marketing officer away from rival Amazon Web Services, the Redwood City software giant confirmed.
A review of the guru's original take on Google's parent company Continue reading...
“ITG is focused on the [information technology] modernization and cloud market, which is a rapidly growing market in the federal arena,” Wasson said in an interview. “It’s a scenario where we’ve been building organically, but we certainly needed and wanted more scale and greater depth of capabilities in this area.”     The $255 million deal, funded by a mix of ICF's operating cash flow and company credit, bolsters the larger company's holdings in the technology consulting market by adding capabilities such as enterprise architecture development, cloud platform implementation, agile systems engineering and next-generation tech — all markets that ITG specializes in and ICF now hopes can help fulfill the federal government’s thirst for lucrative digital transformation contracts.
Meeting to be audiocast live on Salesforce's investor relations website
The cloud-computing company continued to deliver solid growth.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Martin Marietta Materials, Inc. (MLM), where a total volume of 2,237 contracts has been traded thus far today, a contract volume which is representative of approximately 223,700 underlying shares (given that every 1 contract represents 100 underlying shares)..
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (AAP), where a total of 13,787 contracts have traded so far, representing approximately 1.4 million underlying shares. That amounts to about 175.2% of AAP's average daily trading volume over the past month of 786,985 shares..
SmarTrend identified an Uptrend for Adobe Sys Inc (NASDAQ:ADBE) on November 1st, 2019 at $279.55. In approximately 2 months, Adobe Sys Inc has returned 22.89% as of today's recent...
Guru trims position in software company Continue reading...
(Bloomberg) -- Amazon.com Inc. named a new sales chief for its cloud unit amid growing rivalry with Microsoft Corp. and Alphabet Inc.’s Google.Matt Garman, a longtime Amazon Web Services engineering executive, will now oversee the cloud unit’s sales and marketing teams, according to a memo AWS chief Andy Jassy sent to employees on Friday. Garman will report to Jassy.AWS’s previous marketing chief, Ariel Kelman, is leaving the company to “pursue another endeavor,” Jassy said in the note. He’ll take the top marketing post at Oracle Corp., said a person familiar with the move. An AWS spokesman declined to comment, and Kelman didn’t respond to a message seeking comment. CNBC reported his move to Oracle earlier Monday.Garman last month was named to Chief Executive Officer Jeff Bezos’s strategy-setting S-team, evidence of AWS’s growing importance to the e-commerce and technology company.Garman previously ran the engineering teams responsible for Amazon’s rented computing power services, including the company’s foray into selling server racks to businesses. He joined Amazon in 2006, the year AWS launched its first major services, after finishing business school. Today, AWS is the biggest provider of rented infrastructure and data storage services; in the last 12 months the unit generated 12% of Amazon’s revenue and a majority of operating income.Rachel Thornton will take over Kelman’s duties. She, Teresa Carlson and Mike Clayville, leaders of AWS’s government and business sales groups, respectively, will report to Garman.The S-team sets the Seattle company’s corporate priorities and features a powerful contingent of AWS executives, including Jassy, Charlie Bell, who oversees core engineering efforts, and Peter DeSantis, who leads data center infrastructure teams.Amazon doesn’t comment publicly on the composition of the S-team, which is said to include about two dozen executives. The company has been criticized for a c-suite that skews whiter and more male than Amazon’s workforce and customer base.The reorganization announced Friday also included a promotion for the leader of Amazon’s machine learning efforts. Swami Sivasubramanian will report to Bell. Previously, he reported to one of Bell’s deputies, Raju Gulabani, who leads AWS’s database engineering teams.(Updates with new job for previous marketing chief.)To contact the reporter on this story: Matt Day in Seattle at mday63@bloomberg.netTo contact the editors responsible for this story: Robin Ajello at rajello@bloomberg.net, Giles TurnerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Yahoo Finance speaks with Microsoft CEO Satya Nadella about the company's big JEDI contract win from the U.S. government.
The creative software leader is thriving with its cloud-based renewable subscription model.
The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both..
Alphabet's (GOOGL) Google is aggressively trying to bolster presence in the online travel space, which does not bode well for companies like TripAdvisor, Expedia and Booking Holdings.
Benzinga Pro's Stocks To Watch For MondayWESCO (WCC)- The company agreed to purchaseAnixter (AXE)in a $4.5 ...
Achieve Life Sciences, Inc. (Nasdaq: ACHV), University of Bristol, and Oracle Corporation (NYSE: ORCL) today announced the outcome of a study using Oracle's high-performance cloud infrastructure to potentially improve the speed of drug discovery and development of new treatments.
Big changes may be brewing -- will you and your money be prepared?
It's likely the deal goes through, but I don't believe that attempting to take advantage of FIT's current 11% discount is worth the risk.
LOS ANGELES, CA / ACCESSWIRE / January 13, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Expedia Group, ...
The cumulative 2020 earnings power of these 38 stocks was revised down by -1.97% in the past 60 days [A significant portion of this downward revision is related to BA (short term markdown in EPS) – which will fully recover its earnings power 2021].
12 Jan, 2020
They're calling it a growth story, but the growth they're eyeing is already priced in.
Insider buying can be an encouraging signal for potential investors.Insiders at food producers started the new year with share ...
These four tech giants are oddly frugal when it comes to dividends.
It's a choice between the dominant legacy network vendor Cisco and its fast-growing challenger Arista Networks.
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FinancialContent
There's reason to look past its $125 million quarterly loss.
Incoming Nike CEO John Donahoe has a background in technology, not sports apparel.
11 Jan, 2020
SmarTrend identified an Uptrend for Servicenow Inc (NYSE:NOW) on October 28th, 2019 at $243.14. In approximately 2 months, Servicenow Inc has returned 22.93% as of today's recent price of...
10 Jan, 2020
U.S. trade regulators said on Friday they will investigate wearable monitoring devices, including those made by Fitbit Inc and Garmin Ltd , following allegations of patent violations by rival Koninklijke Philips and its North America unit.
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Costco Wholesale Corp (COST), where a total volume of 19,097 contracts has been traded thus far today, a contract volume which is representative of approximately 1.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 81.8% of COST's average daily trading volume over the past month, of 2.3 million shares..
Top tickers for midday: AAPL, TSLA, AMD, BYND, FB, BABA, T, MSFT, UBER, AMZN, NVDA, SNAP, ROKU, BA, GE, MU, NIO, LK, BAC, NFLX.
U.S. trade regulators said on Friday they will investigate wearable monitoring devices, including those made by Fitbit Inc and Garmin Ltd , following allegations of patent violations by rival Koninklijke Philips and its North America unit.
UpgradesForWynn Resorts Ltd(NASDAQ: WYNN), Wolfe Research upgraded the stock from Peer Perform to Outperform. For the ...
U.S. trade regulators said on Friday they will investigate wearable monitoring devices, including those made by Fitbit Inc and Garmin Ltd , following allegations of patent violations by rival Koninklijke Philips and its North America unit. The U.S. International Trade Commission, in a statement, said the probe would also look at devices by made by California-based Ingram Micro Inc as well as China-based Maintek Computer Co Ltd and Inventec Appliances.
U.S. trade regulators on Friday said they will investigate wearable monitoring devices, including those made by Fitbit Inc and Garmin Ltd , following a complaint by Koninklijke Philips and its North America unit.
Investors considering a purchase of Adobe Inc (ADBE) stock, but tentative about paying the going market price of $341.59/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2022 put at the $160 strike, which has a bid at the time of this writing of $3.35..
16:10
FinancialContent
The market's rolling, but there are still some cheap stocks out there trading at forward earnings multiples in the pre-teens.
Symbols mentioned in this story: SPYG, HD, CRM, AVGO Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Symbols mentioned in this story: ITOT, PFE, WFC, CSCO Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Apple (AAPL) faces lawsuit for health monitoring features of Apple Watch. Increasing legal woes could hurt its competition in the long run.
15:01
FinancialContent
I went shopping on the first trading day of 2020, and purchased four stocks that have gone public over the past two years.
The Snapchat parent gets two bullish votes from analysts.
10 percent of digital orders during the holiday season were powered by artificial intelligence
Alphabet's (GOOGL) Google is likely to gain competitive edge against tradition online travel agents on strengthening travel site initiatives.
These high-growth businesses should have you seeing dollar signs.
The chief investment officer for equities at Putnam Investments argues the S&P 500 could reach 5,000 in a hurry.
09 Jan, 2020
Facebook Inc announced limited changes on Thursday to its approach to political ads, including allowing users to turn off certain ad-targeting tools, but defied critics' demands that it bar politicians from using its ads system to spread lies.
TripAdvisor, Inc. (NASDAQ: TRIP) announced today that it will audiocast a conference call on Thursday, February 13, 2020 at 8:30 a.m. Eastern Standard Time to answer questions regarding its fourth quarter and full-year financial results and management's published remarks. After the close of market trading on Wednesday, February 12, 2020, TripAdvisor will issue a press release reporting results and will simultaneously publish management's prepared remarks, which may include certain forward-looking information, at http://ir.tripadvisor.com/events-and-presentations.
During Thursday's trading, 452 companies set new 52-week highs.Interesting Highlights:The largest company by market cap ...
U.S. Customs and Border Protection (CBP) has named nine entities to initiate industry participation in the agency's voluntary ...
Top tickers for midday: AAPL, TSLA, AMD, SNAP, T, FB, MSFT, BYND, LK, AMZN, BBBY, BA, BABA, BAC, NIO, NVDA, UBER, ROKU, TWTR, NFLX.
GainersApplied Genetic Technologies Corporation (NASDAQ: AGTC) rose 51.4% to $6.30. Genetic Technologies Limited (NASDAQ: GENE) ...
A pair of analysts upgraded the social media company.
The price-to-earnings valuation for the S&P 500 technology sector has never been higher over the past 15 years.
Investors in Tripadvisor Inc (TRIP) saw new options become available today, for the February 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the TRIP options chain for the new February 28th contracts and identified one put and one call contract of particular interest.
Investors in Snap Inc (SNAP) saw new options become available today, for the February 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the SNAP options chain for the new February 28th contracts and identified one put and one call contract of particular interest.
UpgradesForEaton Corp PLC(NYSE: ETN), Wolfe Research upgraded the stock from Peer Perform to Outperform. Eaton ...
First-party data, enriched with one of the world's largest data marketplaces, helps retailers identify prospective customers who share similar tastes to best existing buyers
World's Leading Online Jeweler Says "Yes" to Oracle to Help Create Customer Experiences as Unique as Each Diamond
The best fitness trackers under $100, including Samsung Galaxy Fit, Fitbit and more
Facebook Inc said on Thursday it was making some changes to its approach to political ads, including allowing users to turn off certain ad-targeting tools, but the updates stop far short of critics' demands and what rival companies have pledged to do.
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FinancialContent
The S&P500 made a fresh all-time high on an intraday basis, yet closed back beneath the 3258.10 high. It’s not quite a bearish hammer, but it does show a hesitancy to break higher for now.
08 Jan, 2020
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
China-based Huami made a splash at CES 2020 by introducing a flurry of wearable fitness devices, including ones that compete with Apple, Fitbit, Garmin and Peloton Interactive.
Atlassian Corporation Plc (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced that it will release financial results for the second quarter of fiscal year 2020 ended December 31, 2019 after market close on Thursday, January 23, 2020. Atlassian will host a webcast and conference call to discuss the financial results at 2:00 P.M. Pacific Time. In conjunction with its earnings press release, Atlassian will post a shareholder letter to the Investor Relations section of its website at https://investors.atlassian.com/.
A New Jersey woman has sued TripAdvisor and its Viator brand over injuries she allegedly sustained on a camel ride tour in Morocco that she booked through Viator. The suit, filed earlier this week and first reported by the Boston Globe, raises questions about whether TripAdvisor can be held liable for damages related to activities […]
The enterprise cloud leader has had a nice run since August, but it's far from over.
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Adobe Inc (ADBE), where a total volume of 15,882 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 64.1% of ADBE's average daily trading volume over the past month, of 2.5 million shares..
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in ServiceNow Inc (NOW), where a total volume of 7,974 contracts has been traded thus far today, a contract volume which is representative of approximately 797,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.4% of NOW's average daily trading volume over the past month, of 1.5 million shares..
Quibi is making a big push in a fledgling market amid furious competition between some of the world’s biggest media names for streaming customers. Its hope is it will resonate with a younger audience as an alternative in terms of content approach and delivery.
GW Pharmaceuticals plc has experienced an increase in hedge fund sentiment lately. GWPH was in 29 hedge funds’ portfolios at the end of the third quarter of 2019.
UpgradesForOccidental Petroleum Corp(NYSE: OXY), Mizuho upgraded the stock from Neutral to Buy. In the third quarter, ...
Competition from Google and a dismal third-quarter earnings report combined to sink the stock.
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let's look at two noteworthy recent insider buys.
Facebook and eBay have made commitments to do more to stop fake reviews being sold on their platforms after coming under pressure from a UK markets regulator — even as fresh examples of the problem have been found on Facebook-owned Instagram. Last June the Competition and Markets Authority (CMA) warned the two platform that they […]
Mobilized associates plus RFID-based inventory smarts drive higher customer satisfaction and sales
GainersMacy's, Inc.(NYSE: M) stock rose 7.6% to $19.02 during Wednesday's pre-market session. The most recent ...
Job announcements from Facebook and Salesforce pushed employment among multinationals in Ireland 6% higher last year but the state agency competing to win foreign business said it saw significant risks to future growth.
Facebook and eBay have promised to better identify, probe and respond to fake and misleading reviews, Britain's Competition and Markets Authority (CMA) said on Wednesday after pressing the online platforms to tackle the issue.
Facebook and eBay have promised to better identify, probe and respond to fake and misleading reviews, Britain's Competition and Markets Authority (CMA) said on Wednesday after pressing the online platforms to tackle the issue.
07 Jan, 2020
Two long-time semiconductor rivals hosted back-to-back press conferences at the Consumer Electronics Show Monday evening, an interesting study in contrasts that also seemed to mirror the market’s current view of both of them.
Ivanka Trump was greeted with polite applause despite some bruising words in the days leading up to Tuesday’s keynote presentation on future work at CES with Consumer Technology Association Chief Executive Gary Shapiro.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Clovis Oncology Inc (CLVS), where a total volume of 35,057 contracts has been traded thus far today, a contract volume which is representative of approximately 3.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.9% of CLVS's average daily trading volume over the past month, of 7.6 million shares..
These stocks have low price-to-earnings valuations relative to the S&P 500 that also appear likely to continue raising their dividend payouts more quickly than the broad market.
Here's why Garmin (GRMN) is a strong tech stock to buy...
19:02
Seeking Alpha
Technically speaking, the U.S. benchmarks’ bull trend has thus far weathered a jagged 2020 start amid heightened geopolitical tensions, writes Michael Ashbaugh.
SmarTrend identified an Uptrend for Fitbit Inc - A (NYSE:FIT) on September 12th, 2019 at $3.73. In approximately 4 months, Fitbit Inc - A has returned 74.50% as of...
Tech stocks are expected to be in favor again in 2020, with AMD, Adobe, and Twitter among the ones poised to grow.
Adobe (Nasdaq:ADBE) today announced the appointment of Anil Chakravarthy as executive vice president and general manager, Digital Experience. In this role, Chakravarthy will lead Adobe’s Digital Experience business, reporting directly to Adobe president and CEO Shantanu Narayen.
Far from the Australian Open, here’s what it’s like at pro tennis tournaments where even the winners can’t break even.
Cisco and Goldman Sachs will host an ESG (Environmental, Social and Governance) Conference Call/Webcast for the Financial Community at 8:00 a.m. PT/11:00 a.m. ET/4:00 p.m. GMT, on Tuesday, January 14th 2020.
Few industries were spared from layoffs in 2019.
In the "annual investor letter for 2019" published Monday, Citron Capital LLC managing partner Andrew Left named his top picks ...
06 Jan, 2020
Salesforce (NYSE: CRM), the global leader in CRM, today announced that Chairman and Co-CEO Marc Benioff will speak at CES 2020.
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its ...
Cloud-computing and cybersecurity stocks outperform broader indexes Monday as shares of Salesforce.com Inc. reach all-time highs and heightened concerns of Iranian cyberattacks against the U.S.
In trading on Monday, shares of Atlassian Corp PLC (TEAM) crossed above their 200 day moving average of $125.61, changing hands as high as $126.10 per share. Atlassian Corp PLC shares are currently trading up about 2.2% on the day..
* Indexes: Dow off 0.10%, S&P up 0.07%, Nasdaq gains 0.24% (For a live blog on the U.S. stock market, click or type LIVE/ in a news window)
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FinancialContent
Industries to watch, stocks to avoid, questions to be answered, and, of course, reckless predictions for the upcoming year.
Midway through trading Monday, the Dow traded down 0.32% to 28543.45 while the NASDAQ rose 0.07% to 9,027.08. The S&P also fell, ...
Apple Inc. (NASDAQ: AAPL) caught some investors off-guard in early January 2019 when it revised its revenue guidance lower in reaction ...
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Meeting to be audiocast live on Salesforce's investor relations website
For investors seeking stocks than can beat the market in 2020, Goldman Sachs has identified those with the highest projected sales growth.
Daniel Newman peers into what this year will bring
Start the year off right by investing in these top-tier companies.
South Korean restaurant owners expressed concern on Monday over food delivery giant Delivery Hero's proposed $4 billion acquisition of its local rival, saying the move could undermine competition and lead to higher fees.
05 Jan, 2020
Zoom is about creating happiness. Find out if it delivered for IPO shareholders.
Pinterest and Snap are currently heading in opposite directions, but both present strong prospects.
We can continue to watch the headlines about the pending doom and gloom, or we can focus on what the market is telling us, and at least in my viewpoint, the trends we have been watching remain constant, suggesting higher prices for stocks lie ahead.
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FinancialContent
If you're looking for growth, these stocks should deliver.
04 Jan, 2020
As with all buzzy business themes, pause and test the waters before jumping in.
Companies are finally getting really good at selling directly to consumers, forcing them to question Amazon's value to them.
AI could change the world, and your portfolio, in the next decade.
The competition for unique items is getting more fierce as Etsy continues to report big growth rates every quarter.
By Robert Ross Doom and gloom predictions about the stock market drive click. I get it. But those predictions have fallen flat for 10 years straight. US stocks keep marching higher, and history’s longest bull market keeps getting longer. Here’s a chart of the S&P 500 since February 2009. It’s...
03 Jan, 2020
Yahoo Finance's Dan Roberts, Myles Udland, Melody Hahm, and Jessica Smith discuss Senator Mark Warner and Senator Josh Hawley's take on big tech.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Expedia Group Inc (EXPE), where a total of 18,045 contracts have traded so far, representing approximately 1.8 million underlying shares. That amounts to about 49% of EXPE's average daily trading volume over the past month of 3.7 million shares..
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MGM Resorts International (MGM), where a total volume of 18,731 contracts has been traded thus far today, a contract volume which is representative of approximately 1.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.4% of MGM's average daily trading volume over the past month, of 3.5 million shares..
Amid escalating U.S.-China trade tensions and slowing global economic growth, corporate mergers & acquisitions (M&A) activity took a backseat in 2019. That is, because corporate leaders across the globe have been unsure as to where the economy is going next, they have not aggressively looked to acquire other companies over the past twelve months.That could change in a big way in 2020. U.S.-China trade tensions are easing and geopolitical uncertainty is fading from the economic landscape. Global economic activity is rebounding. Corporate leaders are getting more confident. When you put all those ingredients together, and throw in the fact that 2019 was a weak year for M&A, then 2020 could be a really big year.Fortunately for investors, a buyout is one of the quickest ways to make money in the stock market. That is, if you own the stock of company X, and company X gets bought out by company Y at a 25% premium, then company X stock usually jumps 25% in a single day. For recent examples, see Fitbit (NYSE:FIT) or Care.com (NYSE:CRCM).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 2019 Winners That Will Be 2020 Losers With that in mind, I've put together a list of seven stocks which look like strong buyout targets in a rebounding 2020 M&A market. Will all these stocks be taken out at big premiums? No, but a handful of them could, and that alone makes these stocks worth looking at this year. Shopify (SHOP)Source: Jirapong Manustrong / Shutterstock.com Potential Suitors: Amazon, Walmart, eBayE-commerce solutions provider Shopify (NYSE:SHOP) has leveraged direct and decentralized retail tailwinds to go from nascent player in the global retail market a few years back, to the backbone of many company's e-retail operations today. In so doing, the company has started to rub elbows with big retail giants like Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT), and eBay (NASDAQ:EBAY), all of whom operate marketplace-style e-commerce sites that are losing share to Shopify's merchant site-centric model.These online retail players can either choose to compete with Shopify, or acquire Shopify. I have a feeling that "acquire" may be what these big retailers choose, seeing as Shopify still isn't that big (sub-$50 billion market cap) and has a ton of momentum (50%-plus sales and volume growth rates).If so, then you could see the likes of Amazon, Walmart, eBay, and others engage in a bidding war over Shopify in 2020. Domino's Pizza (DPZ)Source: Ken Wolter / Shutterstock.com Potential Suitors: Restaurant Brands InternationalOne of the most rapidly consolidating sectors in the world is the fast casual pizza category. Four of the top 10 pizza chains in America have been acquired over the past eight years, including Papa Murphy's, California Pizza Kitchen, Round Table Pizza, and Cici's. Next up, America's largest pizza chain -- Domino's Pizza (NYSE:DPZ) -- could become number five in 2020.There have been murmurs that Restaurant Brands International (NASDAQ:QSR), the parent company of Burger King and Popeye's, wants to add another top brand to its restaurant portfolio soon. One brand that Restaurant Brands doesn't have in its portfolio is a pizza brand. The top pizza brand in America in terms of sales and momentum is Domino's. Seems like a perfect marriage, no? * 7 Stocks to Buy for January and Beyond As such, I wouldn't be surprised to see Restaurant Brands make a play for Domino's in 2020. Target (TGT)Source: Robert Gregory Griffeth / Shutterstock.com Potential Suitors: Amazon, WalmartCalendar 2019 was the year that Walmart and Target caught up to Amazon in the e-commerce game by building out equally large digital businesses with sprawling omni-channel capabilities. In response, Amazon tried to break into the physical retail world. But such attempts have fallen short, and Amazon's presence in the physical retail world remains minimal.That leaves Amazon at a relative disadvantage to Walmart and Target, both of whom have big online and offline presences. As time goes on, Amazon increasingly needs to establish an offline presence. What better way to do that than by simply acquiring an offline retail giant? And what better offline retail giant to acquire than Target? Target is the hottest name in retail right now, with an underlying demographic that largely matches the Amazon Prime demographic. Amarin (AMRN)Source: Pavel Kapysh / Shutterstock.com Potential Suitors: Pfizer, Amgen, NovartisIn late 2018, bio-pharmaceutical company Amarin (NASDAQ:AMRN) cracked the fish oil code, and created a fish oil pill (called Vascepa) which actually reduces the risk of a cardiovascular event (other fish oil pills have tried very hard to do this; none have actually done it).Over the past twelve months, sales of Vascepa have skyrocketed -- and that's before FDA approval, which was just granted in late 2019. Now, in 2020, Vascepa will be the first and only FDA-approved therapy for treating persistent CV risk beyond statin therapy.That's a big deal. Other big drug companies are taking notice. They've tried very hard to do what Amarin has accomplished but with little success. As such, given how far ahead Amarin is in the fish oil market and the huge blockbuster hit that its core therapy Vascepa seems positioned to be, it is likely that a big biotech firm makes a play for Amarin in 2020 to get in early on what will be huge sales and profit growth over the next three to five years. * 7 Strong Retail Stocks Still Worth a Look The potential suitors? Maybe Pfizer (NYSE:PFE), Amgen (NASDAQ:AMGN), or Novartis (NYSE:NVS). In other words, there is no shortage of potential suitors here, and that could ultimately result in Amarin being taken out at a huge premium. Under Armour (UAA)Source: 2p2play / Shutterstock.com Potential Suitors: Amazon, Nike, AdidasAthletic apparel maker Under Armour (NYSE:UAA) has been the eyesore of an otherwise red-hot athletic apparel market for the past several years. Despite the company's struggles, Under Armour is still one of the top five preferred and most known brands in this market alongside Nike (NYSE:NKE), Adidas (OTCMKTS:ADDYY), Skechers (NYSE:SKX), and Lululemon (NASDAQ:LULU). Also, because of its struggles, UAA stock is the cheapest in the group by a mile. Naturally, that makes Under Armour an attractive acquisition target for a larger retailer trying to jump into the athletic apparel game.Who fits that bill? Amazon. They have been trying to create their own athletic apparel brand for several years now, with very little success. Nike also just pulled out of its deal with Amazon, so the company has a big hole in its retail empire when it comes to athletic apparel. One way to fill that hole would be to acquire Under Armour, and turn UAA into the Amazon athletic apparel brand that the company has tried to establish for so long.Nike could also make a play for Under Armour. As could Adidas. That's simply a result of consolidation in the athletic apparel market, as the two giants of the industry look for every angle to out-compete one another. iRobot (IRBT)Source: Grzegorz Czapski / Shutterstock.com Potential Suitors: Amazon, Facebook, Apple, AlphabetAlphabet's (NASDAQ:GOOG) big acquisition of Fitbit earlier this year -- along with reports that Facebook (NASDAQ:FB) held similar Fitbit takeover talks -- speaks to one of the more important recent trends in big tech: big tech companies are aggressively and rapidly looking to build out their smart product ecosystems, so as to increase the volume of data they have on consumers, which they can turn around and monetize via multiple channels.Because of this trend, consumer robotics leader iRobot (NASDAQ:IRBT) could fetch a bid from a big tech giant in 2020. iRobot makes unique smart home products, like robotic vacuum cleaners, pool cleaners, and lawnmowers. Each of those products gathers tremendous data with respect to the layout of a consumer's home. No big tech company has any exposure into this consumer robotics market, nor do they have insight into the data which iRobot collects. * 7 'A'-Rated Stocks to Buy Under $10 Consequently, big tech will inevitably want a piece of the consumer robotics pie. iRobot is the best game in town in that space. Putting two and two together, then, iRobot could fetch a sizable bid from a big tech suitor in 2020 like Apple (NASDAQ:AAPL), much like Fitbit did in 2019 from Google. Rite Aid (RAD)Source: Jonathan Weiss / Shutterstock.com Potential Suitors: Amazon, Walgreens, CVSIn an interesting twist in the Rite Aid (NYSE:RAD) narrative, the very companies which drove this specialty retailer to the brink of extinction in the 2010s could save the company in the 2020s. That is, while the likes of Amazon, Walgreens (NASDAQ:WBA), and CVS (NYSE:CVS) created tremendous competitive pressures that made Rite Aid largely irrelevant last decade, those same companies may actually try to acquire Rite Aid as the specialty retail world consolidates in 2020.The writing appears to be on the wall here. Amazon wants a physical retail presence. They also want to get into the pharmacy business. Buying Rite Aid allows them to do both of those things at a very cheap price. Sure, they'd have to remodel and re-organize some stores, but that's a very doable task for a $900 billion company.As such, it seems like Amazon is positioned to make a bid for Rite Aid soon. They won't be the only suitor. Both Walgreens and CVS are in direct competition with Amazon, and would do anything to keep Amazon out of the physical pharmacy game. That includes out-bidding Amazon for Rite Aid.The result? You could get a big bidding war for Rite Aid in 2020.As of this writing, Luke Lango was long WMT, SHOP, NKE, UAA, SKC, LULU, FB, AAPL, and CVS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 2019 Winners That Will Be 2020 Losers * 5-Year Returns for 5 Dow Jones Stocks Entering 2020 * 5 Semiconductor Stocks to Buy for Big Gains In 2020 The post 7 Buyout Targets to Watch For 2020 appeared first on InvestorPlace.
Top tickers for midday: AAPL, TSLA, AMD, FB, AMZN, NIO, JD, BAC, MSFT, SNAP, SLB, GE, HAL, NFLX, BABA, ROKU, UBER, MU, C, CSCO.
Coming off a year in which it gained almost 36%, the ARK Web x.0 ETF (NYSEArca: ARKW) could be poised to deliver for investors again in 2020, particularly if some well-known internet stocks deliver on speculated surprises. One of the best-performing equity-based actively managed ETFs over the past...
GainersInpixon, Inc.(NASDAQ: INPX) shares moved upwards by 22.5% to $0.40 during Friday's pre-market ...
02 Jan, 2020
In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, ServiceNow Inc (NOW) has taken over the #119 spot from Biogen Inc (BIIB), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating » Market capitalization is an important data point for investors to keep an eye on, for various reasons..
Last year was a decent year for Nomura’s digital portfolio, one marked by margin expansion and strong top- and bottom-line ...
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Reata Pharmaceuticals Inc (RETA), where a total volume of 1,585 contracts has been traded thus far today, a contract volume which is representative of approximately 158,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.2% of RETA's average daily trading volume over the past month, of 321,970 shares..
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Fitbit Inc (FIT), where a total of 27,359 contracts have traded so far, representing approximately 2.7 million underlying shares. That amounts to about 41.2% of FIT's average daily trading volume over the past month of 6.6 million shares..
17:07
FinancialContent
Find out which stocks this simple strategy will have you invest in this year.
Investors in Tripadvisor Inc (TRIP) saw new options become available today, for the February 14th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the TRIP options chain for the new February 14th contracts and identified one put and one call contract of particular interest.
Investors in eBay Inc. (EBAY) saw new options begin trading today, for the February 14th expiration..
Symbols mentioned in this story: DGRO, WFC, PFE, CSCO Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
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FinancialContent
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR— Portfolio S&P 500— Value ETF, where 33,100,000 units were destroyed, or a 18.8% decrease week over week. Among the largest underlying components of SPYV, in morning trading today Berkshire Hathaway is up about 0.1%, and Exxon Mobil is up by about 1.1%.
The startup attempts to salvage its business model by pivoting to fintech.
GainersInpixon, Inc.(NASDAQ: INPX) shares increased by 36.7% to $0.15 during Thursday's pre-market session. Energous, ...
Cisco Systems Inc (CSCO) has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a staggering $24.72B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 2.92% yield, according to the most recent Dividend Channel ''DividendRank'' report. The report noted a strong quarterly dividend history at Cisco Systems Inc, and favorable long-term multi-year growth rates in key fundamental data points.
ServiceNow to Announce Fourth Quarter and Fiscal Year 2019 Financial Results on January 29
‘I am addicted to watching the “total accounts” number grow in my portfolio.’
01 Jan, 2020
Today we discuss Steven Wood's plan for 2020, machines that beat out analysts, cyclical stocks that win big, and value investing in Japan and Europe.
The business of selling consumer goods and services online is a relatively young endeavor across Africa, but ecommerce is set to boom. Over the last eight years, the sector has seen its first phase of big VC fundings, startup duels and attrition. To date, scaling e-commerce in Africa has straddled the line of challenge and […]
11:17
Seeking Alpha
31 Dec, 2019
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FinancialContent
After a sluggish start to the year, initial public offering activity gained momentum in 2019. Here were the most memorable, not always for good reasons...
INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Expedia Group, Inc.
Symbols mentioned in this story: IGV, ADBE, ORCL, NOW Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Apple (AAPL) facing lawsuit that could dampen sales and hurt its competitive position in the long run.
The public crash and burn of WeWork’s initial public offering and poor early performances from high-priced startups that actually managed to go public in 2019 likely won't stop other “decacorns” from testing the IPO market in 2020, but it may change how they do it.
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Expedia Group, Inc.
30 Dec, 2019
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Match Group Inc (MTCH), where a total of 14,023 contracts have traded so far, representing approximately 1.4 million underlying shares. That amounts to about 67.9% of MTCH's average daily trading volume over the past month of 2.1 million shares..
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Exxon Mobil Corp (XOM), where a total of 58,398 contracts have traded so far, representing approximately 5.8 million underlying shares. That amounts to about 43.6% of XOM's average daily trading volume over the past month of 13.4 million shares..
20:02
Seeking Alpha
This year set a record for CEO departures. Some 1,332 spots were vacated between January and October, with October’s 172 turnovers ...
15:40
FinancialContent
While the stock market is coming off its best year in more than two decades, we still see some good stocks to buy this January. Topping our list are a virtual search engine, biotech giant, Internet of Things (IoT) supplier, fitness company, and pipeline behemoth.
Torsten Slok, chief economist at Deutsche Bank Securities, says the decadelong economic expansion could continue for “many more years”, putting forward a bull case for markets in 2020.
From Tokyo to ‘transformational’ travel, here are some of the hottest tips for budget-conscious jet-setters for the New Year.
29 Dec, 2019
Salesforce founder rips Facebook and again calls for the social-network giant — which has been wracked by scandals in recent years — to be regulated or split up.
The market for many highly anticipated 2019 initial public offerings lagged, with Uber and Lyft disappointing. 2020 will bring a new batch of companies planning their market debut, with Airbnb and Postmates among those expected to come public.
They all have four things in common.
28 Dec, 2019
16:00
FinancialContent
Which aging tech giant has more upside potential in 2020?
You've probably never heard of them. Therein lies the opportunity.
27 Dec, 2019
The cumulative 2020 earnings power of these 30 stocks was revised down by -2.63% in the past 60 days.
Salesforce turned 20 this year, and the most successful pure enterprise SaaS company ever showed no signs of slowing down. Consider that the company finished the year on an $18 billion run rate, rushing toward its 2022 revenue goal of $20 billion. Oh, and it also spent a tidy $15.7 billion to buy Tableau this […]
Paycom soared 119.9% in 2019, Palomar has a 238% gain. Both growth stocks are in potential buy zones as the stock market prepares to swing into 2020.
Keep an eye on Charter Communications, up an astounding 70% in 2019. The integrated telecom services giant has broken out again.
In 2019, it was business as usual for the four big tech companies with regulatory targets on them – Alphabet Inc., Amazon.com Inc., Apple Inc., and Facebook Inc. Expect more of the same until the presidential election in November, according to legal experts and politicians interviewed by MarketWatch.
SmarTrend identified a Downtrend for Teradata Corp (NYSE:TDC) on October 1st, 2019 at $30.61. In approximately 3 months, Teradata Corp has returned 12.90% as of today's recent price of...
INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Fitbit, Inc.
Retailers will need to change how they do business in 2020 as they face more technological innovation, new shopping habits, and a demographic shift to younger consumers.
There were 17 $1 billion-plus tech acquisitions announced this year that involved Bay Area tech companies. They are detailed in the accompanying photo gallery.
Spoiler alert: The overall return a modest IPO investment in this veteran tech stock tops seven-figures.
The dating app will finally be an independent company, but its parent isn't letting it go without some baggage.
26 Dec, 2019
Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Northern District of California, Case No. 4:19-cv-08046-HSG, on behalf of shareholders of Fitbit, Inc. ("Fitbit" or the "Company") (NYSE:FIT) who have been harmed by Fitbit's and its board of directors' (the "Board") alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the proposed merger of the Company with Alphabet Inc. (the "Proposed Transaction").
Tech stocks helped the Nasdaq stage a cheery gain while the Dow Jones Industrial Average lagged. This solid tech leader broke out of a cup with handle.
19:32
Seeking Alpha
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, VF Corp. (VFC) has taken over the #60 spot from ServiceNow Inc (NOW), according to ETF Channel..
Adobe successfully pivoted to cloud-based subscriptions. But new acquisitions raise risks. Is Adobe stock a buy? Here’s what earnings and its chart show.
Investors in Fitbit Inc (FIT) saw new options begin trading today, for the February 2020 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the FIT options chain for the new February 2020 contracts and identified the following put contract of particular interest.
The last time you bought concert tickets, did you think “These should really cost more”? According to the executive in charge of the country’s largest ticket-selling service, you should.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco DWA NASDAQ Momentum ETF (DWAQ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $140.81 per unit.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco NASDAQ Internet ETF (PNQI), we found that the implied analyst target price for the ETF based upon its underlying holdings is $160.28 per unit.
SmarTrend identified an Uptrend for Fitbit Inc - A (NYSE:FIT) on September 12th, 2019 at $3.73. In approximately 3 months, Fitbit Inc - A has returned 73.69% as of...
25 Dec, 2019
22:00
FinancialContent
The co-founder has been unloading all of his shares and is stepping down from Uber's board of directors.
24 Dec, 2019
The S&P 500 had another big year this year, gaining more than 28% year to date. Most U.S. investors had a lot of winners in their ...
Big Tech in health comes with growing hurdles amid public wariness.
Looking to be spontaneous and book a last-minute vacation but don't know where to go this holiday season? Tripadvisor Inc (NASDAQ: ...
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Fitbit, Inc.
23 Dec, 2019
23:20
FinancialContent
ServiceNow cleared a 284.40 handle buy point on Monday, at least intraday. RS line still low. Breakouts tricky right now. Volume will be light generally and what about market pullback – esp. in January?
Futures: The stock market rally keeps hitting highs, but is it getting extended? Intel, Trade Desk and JD.com hit buy zones Monday, but be wary of Santa Claus rally breakouts.
JD.com breaks out, ServiceNow tries, Disney loses force
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Adobe Inc (ADBE), where a total of 17,760 contracts have traded so far, representing approximately 1.8 million underlying shares. That amounts to about 69.6% of ADBE's average daily trading volume over the past month of 2.6 million shares..
By Ploutos Investing VGT invests in large- and giant-cap technology stocks in the United States. Stocks in VGT’s portfolio have competitive positions over its peers. VGT will benefit from several growth trends in the IT industry in the next few years. The ETF is trading at a premium valuation to...
In the enterprise software group, ServiceNow stock is trying to clear an alternate entry after a breakout from a double-bottom base.
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Western Digital Corp (WDC), where a total of 24,339 contracts have traded so far, representing approximately 2.4 million underlying shares. That amounts to about 48.7% of WDC's average daily trading volume over the past month of 5.0 million shares..
The major stock indexes held solid gains Monday, as the stock market rally continued. ServiceNow is breaking out today.
17:30
FinancialContent
With the recent pullback, this communications software trailblazer might be worth a look.
The stock market was in rally mode again Monday. Boeing stock was a top gainer in the Dow Jones, but Disney stock lagged. Tesla led the Nasdaq 100.
Symbols mentioned in this story: MGK, BA, ADBE, FIS Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Despite a continuation of the stock market bull run, there were a bunch of underperformers this year, including Macy's, TripAdvisor and Abiomed.
New Year's Eve, but make it cozy
22 Dec, 2019
The Swoosh's stock dipped slightly following the earnings release, but the company delivered a great quarter.
21 Dec, 2019
The alternative database expert is grabbing market share by the fistful in a massive and growing global database industry.
Software stocks participated in the broader market rally this year, in fact outperforming the broader market by a meaty margin. Does ...
20 Dec, 2019
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Alcoa Corporation (AA) was identified as having a larger market cap than the smaller end of the S&P 500, for example Tripadvisor Inc (TRIP), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating » Market capitalization is an important data point for investors to keep an eye on, for various reasons..
Adobe is on a roll after exceeding financial expectations for its recent quarterly report yet again.
The cumulative 2020 earnings power of these 30 stocks was revised UP by +.81% in the past 60 days.
Nike Inc (NYSE: NKE) reported its fiscal second quarter earnings on Dec 19 after the bell. And there were good news, as both earnings ...
Growth stocks welcomed leading software names including Paylocity and Paycome Software back into their ranks after a powerful advance in November.
Oracle continues to struggle to meet market expectations. The recently reported second-quarter results missed revenue forecasts despite beating earnings. The market was not pleased, and the stock fell 5% post the result announcement.
15:00
FinancialContent
There are many successful IPOs throughout the years, but there are also many failed IPOs as well.
TDC and DKT Holdings releases its financial calendar for 2020 as set out below. 9 January Start of closed period prior to Financial Statements for 2019 10 February.
19 Dec, 2019
Nike Inc's quarterly revenue and profit blew past Wall Street expectations on Thursday on strong sales in China, but lower-than-expected growth in North America, its biggest market, overshadowed the beat.
20:15
FinancialContent
Three companies worth watching in the new year.
By Michael A. Gayed, CFA The Vanguard Information Technology ETF is a great way to get exposure to a number of high-quality, high-flying names. Some may be concerned about higher valuations, but tech is well within a historical range. From a technical perspective, VGT looks ready to continue...
The tech giant’s expansion into the wearables market faces a Department of Justice probe over privacy concerns.
14:00
FinancialContent
Can the teledentistry start-up bounce back?
IAC/InterActiveCorp is offloading its entire stake in Tinder-owner Match Group, the latest company to be spun off by internet billionaire Barry Diller.
The online travel agencies may compete in the same industry, but their operations are very different in ways that give one stock a big edge.
18 Dec, 2019
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Ormat Technologies Inc (ORA) was identified as having a larger market cap than the smaller end of the S&P 500, for example Tripadvisor Inc (TRIP), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating » Market capitalization is an important data point for investors to keep an eye on, for various reasons..
Nike stock is at all-time highs and has been flirting with the 100 mark for the first time ever ahead of its quarterly earnings.
SmarTrend identified an Uptrend for Fitbit Inc - A (NYSE:FIT) on September 12th, 2019 at $3.73. In approximately 3 months, Fitbit Inc - A has returned 77.18% as of...
17:13
Seeking Alpha
U.S. investment firm Providence Equity Partners has acquired a majority stake in privately-held Finnish adtech startup Smartly.io in a 200 million euro ($220 million) deal, the companies said in a joint statement.
U.S. investment firm Providence Equity Partners has acquired a majority stake in privately-held Finnish adtech startup Smartly.io in a 200 million euro ($220 million) deal, the companies said in a joint statement.
Either way you put it, Oracle Corporation (NYSE: ORCL) has had quite a busy week. On December 15, the company issued its second-quarter ...
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust Cloud Computing ETF (SKYY), we found that the implied analyst target price for the ETF based upon its underlying holdings is $68.00 per unit.
12:42
FinancialContent
The year 2019 is coming to an end and here we do a review of the best performing cloud stocks of 2019 and the most promising for 2020.
The S&P 500 finished flat last night and there is nothing to say here.
00:43
FinancialContent
How can stock pickers overcome the inherent cost advantages of the S&P 500 Index over long stretches of time when the index holds so many successful companies?
17 Dec, 2019
Small caps led the way in another mild advance in stocks today. Consider these five investing themes for 2020 and beyond.
Sudan's Nile Bank signed an accord with U.S. software firm Oracle Corp for the provision of a mobile banking platform, a sign Sudan's economic relations with the United States are thawing after years of crippling sanctions.
- Q3 2019 share repurchases reached $175.9 billion - 6.3% higher than Q2 2019, 13.7% lower than Q3 2018, and 21.1% lower than the record Q4 2018.
Symbols mentioned in this story: VTV, ORCL, NEE, LLY Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
China has dropped out of the 2020 series of SailGP, its organisers said on Tuesday, with Spain stepping aboard their vacant F50 foiling catamaran to race for a $1 million prize.
With this integration, Oracle Data Cloud's contextual segmentation can be deployed at the scale Fortune 500 brands require for relevant and brand-safe video advertising
First Time Fitbit Included In a Medicaid Program
U.S. Federal and Department of Defense customers now can benefit from the power of Oracle's Generation 2 Cloud infrastructure
Chartis Research cites Oracle for core technology and overall strategy in managing risk and compliance
Agero supports nearly half of passenger vehicles on the road with Oracle SD-WAN
16 Dec, 2019
Teradata Corporation (NYSE:TDC), which is in the software business, and is based in United States, saw significant...
In spite of strong sales, wearables are far from mainstream. Apple and Google are trying to change that.
UpgradesMorgan Stanley upgraded the stock for AGCO Corp (NYSE: AGCO) from Underweight to Equal-Weight. For the third quarter, ...
Oracle recognized for completeness of vision and ability to execute for Oracle Manufacturing Cloud
Key will be stable earnings growth amid a shakeout in the industry.
A Relative Strength Rating upgrade for ServiceNow shows improving technical performance.
14 Dec, 2019
Salesforce's stock has been a star over the past decade, but the last year was marked with wide price swings. What is causing this, and is it going to continue?
By Stephen McBride For decades travel agents had a “lock” on vacations. Before the internet it was near impossible to find cheap fares yourself. And choosing the perfect hotel involved a lot of flicking through glossy brochures. The “do it yourself” approach was a huge hassle. It was a lot easier...
13 Dec, 2019
S&P Dow Jones Indices will make the following index adjustments to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 to ensure each index more appropriately represents its market capitalization range. The changes will be effective prior to the open of trading on Monday, December 23 to coincide with the December rebalance.
23:04
FinancialContent
The enterprise software led a rebound in software stocks Friday. It's still trying to reclaim a 276.60 buy point.
In addition to discussing the price action induced by the ongoing trade war with China, issues in the crosshairs of Brexit were ...
* Indexes up: Dow 0.01%, S&P 500 0.01%, Nasdaq 0.2% (Updates with close of U.S. market)
Adobe soars on earnings, Mastercard tops buy point and ServiceNow rebounds
The stock market took another roller-coaster ride in late-session trading Friday, a day after the White House agreed to a trade deal with China.
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Oracle Corp (ORCL), where a total of 45,912 contracts have traded so far, representing approximately 4.6 million underlying shares. That amounts to about 47.4% of ORCL's average daily trading volume over the past month of 9.7 million shares..
An early-stage trade deal between the U.S. and China left markets mixed.
Wall Street has bid these companies' valuations up based on their rapid growth rates, but investors looking at them now should focus on a few fundamental ratios.
The Sprout Social IPO gave the company a market valuation of about $814 million, offering 8.8 million shares at $17 each. It says there are more than 3.4 billion social media users.
InvestorsObserver issues critical PriceWatch Alerts for ACB, FIT, NIO, SPRT, and T.
12 Dec, 2019
21:43
Seeking Alpha
21:26
Seeking Alpha
Ipsos MORI Survey Shows 79% travelers said Personalized Responses from Owners Make Reviews More Useful, Highlighting the Importance of Management Responses
Critics don't want the search giant to get its hands on all that sensitive user data.
11 Dec, 2019
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Motorola Solutions Inc (MSI), where a total volume of 5,779 contracts has been traded thus far today, a contract volume which is representative of approximately 577,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 51.8% of MSI's average daily trading volume over the past month, of 1.1 million shares..
After releasing disappointing earnings in November, recent IPO Peloton may have more significant issues than the public relations debacle from the controversial ad that has now become a meme. Short-seller Citron Research said in a report Tuesday that it anticipates the stock will plummet roughly...
Boston tour guide Paula Noukas says she’s ‘living the dream.’
16:19
FinancialContent
Let’s take a look at some of the IPOs from the past year or so.
GTS, a leading electronic market maker across global financial instruments, today announced that it has entered into a definitive agreement to acquire Barclays’ equities automated options trading unit’s assets. The transaction is the latest in a series of acquisitions and partnerships that increases GTS’s scope and scale as a top-tier electronic market maker and global broker.
14:27
FinancialContent
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust NASDAQ-100 Ex-Technology Sector Index Fund ETF (QQXT), we found that the implied analyst target price for the ETF based upon its underlying holdings is $62.17 per unit.
After joining ServiceNow, RingCentral and Paylocity on the latest list of new buys by the best mutual funds, Paycom is testing a new buy zone.
The market wasn't pleased with decelerating top-line growth.
10 Dec, 2019
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Ollie's Bargain Outlet Holdings Inc (OLLI) was identified as having a larger market cap than the smaller end of the S&P 500, for example Tripadvisor Inc (TRIP), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating » Market capitalization is an important data point for investors to keep an eye on, for various reasons..
The U.S. Justice Department will review plans by Alphabet Inc-owned Google to buy fitness tracker maker Fitbit Inc for possible antitrust issues, a source told Reuters on Tuesday.
Peloton Interactive Inc (NASDAQ: PTON) shares hit the skids on Tuesday after Citron Research editor and notorious short seller Andrew ...
Despite making a holiday video ad criticized as sexist and tone deaf, Peloton is likely to maintain its momentum as a popular, high-end fitness brand, two Wall Street analysts said Tuesday.
18:19
Seeking Alpha
There's a reason the two officers the online travel site just forced out were the two it wanted in just a few years ago.
While the stock market tries to close 2019 near new all-time highs, Paycom, Lululemon, ServiceNow, RH and 29 others are all up big year to date.
A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both..
Secure 50% Off a Hotel Stay to Avoid 50 Million Questions on Why You're Still Single
Apple leads the way with Apple Watch and a growing portfolio of hearables.
There’s a big difference between trading and investing. Investors focus on the long-term view but with trading we often look for a specific catalyst. Here's a few tips on how to be a better trader...
09 Dec, 2019
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Nuvasive Inc (NUVA) was identified as having a larger market cap than the smaller end of the S&P 500, for example Tripadvisor Inc (TRIP), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating » Market capitalization is an important data point for investors to keep an eye on, for various reasons..
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Goodyear Tire & Rubber Co. (GT) was identified as having a larger market cap than the smaller end of the S&P 500, for example Tripadvisor Inc (TRIP), according to The Online Investor..
Though it may not garner the same publicity as software or streaming services, hardware is an integral part of these companies competing with one another.
The calendar gives 2019 a shorter holiday season than usual, but the hottest toys are still flying off the shelves.
There are numerous benefits to building a team across varying offices and locations, but they come with substantial challenges.
Atlassian Corporation Plc (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced that members of senior management will present at the following investor conference:
08 Dec, 2019
The tech titan's shares still have solid upside potential from today's prices.
This weekend's Barron's cover story includes 10 picks for the small-cap rally. Other featured articles discuss a consumer ...
06:24
Seeking Alpha
07 Dec, 2019
Teradata (TDC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
These tech giants are benchmarks for many up-and-coming companies.
06 Dec, 2019
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Cabot Microelectronics Corp (CCMP) was identified as having a larger market cap than the smaller end of the S&P 500, for example Tripadvisor Inc (TRIP), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating » Market capitalization is an important data point for investors to keep an eye on, for various reasons..
18:16
FinancialContent
The most recent short interest data was recently released for the 04/15/2019 settlement date, and Expedia Group Inc (EXPE) is the #25 most shorted of the S&P 500 components, based on 10.62 "days to cover." There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then divided by the average daily volume, to express the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed..
Benzinga recently sat down with Joey Rexford of Big Moods, an online art store that sells stickers and accessories, to talk about ...
InvestorsObserver issues critical PriceWatch Alerts for CRVS, FIT, INTC, S, and WORK.
The challenges continue to mount for the online travel-booking specialist.
One weights companies by market value; the other treats them equally.
05 Dec, 2019
TripAdvisor, Inc. (Nasdaq: TRIP), the world's largest travel platform*, today announced the acquisition of leading menu management company SinglePlatform from Endurance International Group to help the more than five million restaurants listed on TripAdvisor attract more diners and offer a better guest experience.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Expedia Group Inc (EXPE), where a total volume of 34,608 contracts has been traded thus far today, a contract volume which is representative of approximately 3.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 60.7% of EXPE's average daily trading volume over the past month, of 5.7 million shares..
WeWork and other beleaguered 2019 IPOs cleared the way for what’s happening to Postmates today.
Investors in Atlassian Corp PLC (TEAM) saw new options become available today, for the January 2020 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the TEAM options chain for the new January 2020 contracts and identified one put and one call contract of particular interest.
Thursday's morning session saw 93 companies set new 52-week lows.Things to Consider:Prosus (OTC: PROSF) was the largest ...
Things are looking up.That little hitch in the markets last Friday and early this week appears to be behind us, setting the stage ...
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
04 Dec, 2019
Expedia Group Inc's chief executive officer and finance head have resigned following a disagreement with the online travel company's board over its business outlook, Chairman Barry Diller said on Wednesday.
22:26
Seeking Alpha
Management changes at Expedia and Alphabet sent their stocks higher.
Reddit says its monthly active users grew by 30% this year to 430 million, still a fraction of what Facebook Inc. (NASDAQ: FB) claims, ...
* Indexes up: Dow 0.53%, S&P 500 0.63%, Nasdaq 0.54% (Updates to market close)
* Indexes up: Dow 0.74%, S&P 500 0.78%, Nasdaq 0.66% (Updates to late afternoon, changes dateline, byline)
* Indexes up: Dow 0.66%, S&P 500 0.63%, Nasdaq 0.53% (Updates to early afternoon)
SmarTrend identified a Downtrend for Tripadvisor Inc (NASDAQ:TRIP) on November 7th, 2019 at $33.59. In approximately 4 weeks, Tripadvisor Inc has returned 15.97% as of today's recent price of...
* Indexes up: Dow 0.68%, S&P 500 0.69%, Nasdaq 0.60% (Adds comments, updates market action)
Investors cheer a shake-up at the top.
Robinhood, the Silicon Valley startup that pioneered large-scale, commission-free retail trading, said Wednesday it has reached more ...
Expedia Group Inc's chief executive officer and finance head have resigned following a disagreement with the online travel company's board over its business outlook, Chairman Barry Diller said on Wednesday.
Shares of Expedia Group Inc. soared more than 7% Wednesday, after the online travel services company surprised the market with the news that its CEO and CFO are out after about two years in their roles, following a disagreement with the board of directors on strategy.
* Indexes up: Dow 0.76%, S&P 500 0.79%, Nasdaq 0.73% (Updates to open)
15:23
FinancialContent
In early trading on Wednesday, shares of Expedia Group (EXPE) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 7.8%. Year to date, Expedia Group has lost about 4.9% of its value.
Expedia radically improved its corporate governance with the acquisition of Liberty Expedia.
15:16
FinancialContent
In early trading on Wednesday, shares of Expedia Group (EXPE) topped the list of the day's best performing components of the S&P 500 index, trading up 6.3%. Year to date, Expedia Group has lost about 6.2% of its value.
14:43
Seeking Alpha
InvestorsObserver issues critical PriceWatch Alerts for ACB, F, FIT, GE, and MSFT.
14:11
Seeking Alpha
Teradata is at AWS re:Invent 2019 this week, showcasing cloud capabilities in its flagship product, Teradata Vantage.
Norwegian Encore named Best New Ship; Carnival Cruise Line named Best Value for Money; AmaWaterways named Best River Line and Crystal Cruises named Best Luxury Line
A Relative Strength Rating upgrade for Atlassian shows improving technical performance. Will it continue?
03 Dec, 2019
Have you ever wondered why Southwest Airlines has the ticker LUV? Or why Salesforce.com is CRM? At first glance, a ticker may not ...
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Bank of Hawaii Corp (BOH) was identified as having a larger market cap than the smaller end of the S&P 500, for example Tripadvisor Inc (TRIP), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating » Market capitalization is an important data point for investors to keep an eye on, for various reasons..
TheFork Acquires Bookatable and Expands to the UK, Germany, Austria, Finland and Norway Markets
02 Dec, 2019
The Nasdaq composite led the broad decline Monday after two months of huge gains. Some leading stocks bucked the bearish session, though.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Zscaler Inc (ZS), where a total volume of 13,788 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 63.7% of ZS's average daily trading volume over the past month, of 2.2 million shares..
20:07
Seeking Alpha
Cloud-based enterprise stocks led the software sector lower during a broader selloff Monday, as businesses wait for signs of more economic certainty before parting with their IT bucks.
01 Dec, 2019
15:05
FinancialContent
The leading cybersecurity outfit still has a lot of potential, though investors have to pay up for a piece of the action.
30 Nov, 2019
These 15 stocks may have wildly varying returns, but what counts is whether the mini-portfolios as groups are beating the market.
29 Nov, 2019
26 Nov, 2019
Top tickers for midday: DIS, AAPL, ROKU, AMD, TSLA, BABA, MSFT, AMZN, GE, NVDA, T, FB, BAC, HD, FIT, NFLX, NIO, BBY, UBER, PANW.
Google's parent company intends to acquire the wearables maker next year at a healthy premium, so why is the target trading 8% below its buyout price?
InvestorsObserver issues critical PriceWatch Alerts for FIT, HPQ, INTC, SRNE, and WFC.
GainersNutanix, Inc. (NASDAQ: NTNX) stock surged 20.7% to $34.69 during Tuesday's pre-market session. The market cap stands ...
‘Oftentimes we aren’t aware of how poor our performance is under conditions of sleep loss,’ researchers said.
SmarTrend identified a Downtrend for Tripadvisor Inc (NASDAQ:TRIP) on November 7th, 2019 at $33.59. In approximately 3 weeks, Tripadvisor Inc has returned 14.92% as of today's recent price of...
24 Nov, 2019
22 Nov, 2019
A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both..
21 Nov, 2019
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Interactive Brokers Group Inc - Class A (IBKR) was identified as having a larger market cap than the smaller end of the S&P 500, for example Tripadvisor Inc (TRIP), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating » Market capitalization is an important data point for investors to keep an eye on, for various reasons..
20 Nov, 2019
New TripAdvisor Media Manager helps small and midsize businesses reach massive global audience
19 Nov, 2019
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Murphy Oil Corp (MUR) was identified as having a larger market cap than the smaller end of the S&P 500, for example Tripadvisor Inc (TRIP), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating » Market capitalization is an important data point for investors to keep an eye on, for various reasons..
If you're interested in Teradata Corporation (NYSE:TDC), then you might want to consider its beta (a measure of share...
17:46
Seeking Alpha
Tuesday morning, 197 companies reached new 52-week lows.Highlights:MPLX (NYSE: MPLX) was the largest, in terms of market cap, ...
18 Nov, 2019
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Tripadvisor Inc (TRIP), where a total volume of 17,076 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.3% of TRIP's average daily trading volume over the past month, of 2.9 million shares..
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 12, Teradata Corp 's Chief Marketing Officer, Martyn Etherington, invested $113,649.00 into 4,300 shares of TDC, for a cost per share of $26.43..
UpgradesFor Anheuser-Busch InBev SA/NV (NYSE: BUD), Redburn upgraded the stock from Sell to Neutral. For the third quarter, ...
15 Nov, 2019
TripAdvisor, Inc. (NASDAQ: TRIP), the world's largest travel site*, today announced that its President and Chief Executive Officer Steve Kaufer will participate in the upcoming conferences:
Teradata (TDC) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.
14 Nov, 2019
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component nVent Electric PLC (NVT) was identified as having a larger market cap than the smaller end of the S&P 500, for example Tripadvisor Inc (TRIP), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating » Market capitalization is an important data point for investors to keep an eye on, for various reasons..
The travel specialist shifts strategies following a frustrating third quarter.
12:54
FinancialContent
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares Expanded Tech-Software Sector ETF (IGV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $245.76 per unit.
Highlights Reported revenue declined by 2.8% in Q3 and organic revenue declined by 2.4% YTD. This decline was mainly driven by terminal sales, legacy drag from landline voice.
Highlights Reported revenue declined by 2.8% in Q3 and organic revenue declined by 2.4% YTD. This decline was mainly driven by terminal sales, legacy drag from landline voice.
13 Nov, 2019
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Cinemark Holdings Inc (CNK) was identified as having a larger market cap than the smaller end of the S&P 500, for example Tripadvisor Inc (TRIP), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating » Market capitalization is an important data point for investors to keep an eye on, for various reasons..
15:38
FinancialContent
Assessing quarterly shake-ups across the board, and a carefully considered look at Facebook's uncertain future.
12 Nov, 2019
11 Nov, 2019
09:51
FinancialContent
GainersClovis Oncology, Inc. (NASDAQ: CLVS) climbed 36.1% to close at $5.88 following Q3 results. The company reported ...
08 Nov, 2019
Troubling financials and other factors sent these stocks lower.
TDC earnings call for the period ending September 30, 2019.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Teradata Corp (TDC), where a total of 6,929 contracts have traded so far, representing approximately 692,900 underlying shares. That amounts to about 75.4% of TDC's average daily trading volume over the past month of 919,455 shares..
GainersTrueCar Inc (NASDAQ: TRUE) shares climbed 41.4% to $5.16 after the company reported better-than-expected Q3 sales results. ...
The data analytics expert posted disappointing third-quarter results then kicked out a CEO who had been on the job for less than a year.
The business analytics software company has been shifting its business to a subscription model from a perpetual license model—and that has led to some bumpy quarters.
On Friday morning, 148 companies hit new 52-week lows.Points of Interest:Occidental Petroleum (NYSE: OXY) was the biggest ...
Teradata Corp shares are trading on heavy volume today, having risen -18.0% to $24.29. Today's volume of 3.0 million shares tops the average 30-day volume of 748,000 shares. ...
Teradata's (TDC) third-quarter 2019 results reflect weak performance of the perpetual software license and hardware and consulting businesses.
GainersFastly, Inc. (NYSE: FSLY) stock increased by 20.0% to $22.85 during Friday's pre-market session. The market cap seems ...
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07 Nov, 2019
Teradata (TDC) delivered earnings and revenue surprises of -20.00% and -5.49%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Teradata Inc. shares dropped in the extended session Thursday after the cloud-based data analytics company's outlook and earnings fell short of Wall Street views and the company said its chief executive had stepped down on Tuesday. Teradata shares dropped 17% after hours, following a 2.9% rise in the regular session to close at $31.12. Teradata said it now expects adjusted earnings of 13 cents to 18 cents a share for the fourth quarter, and 95 cents to $1 for the year. Analysts surveyed by FactSet had forecast 58 cents a share for fourth quarter and $1.49 a share for the year. The company reported third-quarter net income of $10 million, 9 cents a share, compared with $18 million, or 15 cents a share, in the year-ago period. Adjusted earnings were 32 cents a share. Revenue declined to $459 million from $526 million in the year-ago quarter. Analysts had forecast earnings of 40 cents on revenue of $485 million. Teradata also announced that president and CEO Oliver Ratzesberger resigned on Tuesday and that Chairman Victor Lund was now serving as interim president and CEO.
Teradata Reports Third Quarter 2019 Financial Results
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FinancialContent
Teradata announced that Victor Lund has been appointed Interim President and Chief Executive Officer, effective immediately.
Teradata today announced the election of Kim Nelson to its board of directors, effective November 5, 2019.
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