Feb 19, 2019 | Market News
Technology entrepreneur and Tesla (TSLA) CEO Elon Musk said that Bitcoin’s (BTC.X) structure is “quite brilliant” and that digital currency is “a far better way to transfer value than pieces of paper.” Musk made his remarks during an interview on advisory services...
Feb 18, 2019 | Market News
Have you been watching and waiting for the bitcoin and crypto bounce? It might finally be happening. Recently we saw a major run in cryptos. Bitcoin looks set to challenge $4,000 while other cryptos are all rallying strong. Below we discuss some of the key names to be...
Feb 18, 2019 | Earnings, Market News
If you haven’t been following thew Windstream (WIN) drama, crap has hit the fan. Windstream Holdings was 29.4% lower postmarket because the verdict is in: It’s lost its court fight with Aurelius. The ruling says the court’s task wasn’t to opine...
Feb 11, 2019 | Analysis, Market News
Running into a brick wall of resistance in early February, the S&P spent a few days probing the 200-Day Moving Average, after ‘nudging-above’ the target zone we establish for this market (from the forecast S&P 2300-2400 lows; to the 2600-2700...
Feb 3, 2019 | Analysis, Dividends, Earnings, Market News
The market is moving in the right direction after some cooling off of Washington-Beijing trade tension and signs of a pause in U.S. interest rate hikes. Fedspeak will be in style next week, with Cleveland Federal Reserve President Loretta Mester Mester due to talk on...
Jul 3, 2018 | Analysis, Dividends, Earnings, Funds, Global News, Market News, Money Saving Tips
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May 3, 2018 | Market News
It’s a broad selloff, with every S&P 500 (NYSEARCA:SPY) in the red. Worst hit are the financial names (XLF -2.3%), led by 2.5% declines for Bank of America, Wells Fargo, and Morgan Stanley (all of which reported their Q1s last month). With the exception of a...
Apr 16, 2018 | Earnings, Market News
Netflix (NASDAQ:NFLX) is jumpinh in After hours trading after posting Q1 subscriber numbers above estimates. Here is what you really need to know about the quarter. The company reported 1.96M domestic streaming additions vs. 1.48M consensus and guidance for 1.45M...
Apr 16, 2018 | Market News
Shares of Acacia Communications (ACIA) and Lumentum Holdings (LITE) are both falling hard today. This is because one of their largest potential customers, China’s ZTE has been banned. What is going on? The U.S. Department of Commerce is banning American...
Apr 9, 2018 | Market News
Facebook CEO Mark Zuckerberg testified before Congress. The House Energy and Commerce Committee has released Facebook CEO Mark Zuckerberg’s testimony, and CNBC has printed it — though it hits familiar themes from Zuckerberg’s recent commentary on the...
Apr 6, 2018 | Analysis, Market News
Incyte Corporation (INCY) and Merck (MRK), today announced that an external Data Monitoring Committee review of the pivotal Phase 3 ECHO-301/KEYNOTE-252 study results evaluating Incyte’s epacadostat in combination with Merck’s KEYTRUDA in patients with unresectable or...
Apr 5, 2018 | Market News
Citi has initiated coverage on severa financial services American Express (NYSE:AXP) is initiated with a Buy $110 price target. Capital One Financial (NYSE:COF) is initiated with a Buy $115 price target. Discover Financial Services (NYSE:DFS) is initiated with a...
Apr 5, 2018 | Market News
Ubisoft ADRs (OTCPK:UBSFY) are up 3.4% after news that Far Cry 5 has become the fastest-selling title in Far Cry history. The title more than doubled first-week sell-through of predecessor Far Cry 4, Ubisoft says, with digital distribution making up more than 50%....
Apr 5, 2018 | Market News
Caterpillar (CAT) stock is seeing solid gains as investors shrug off any concerns about the effects of China’s proposed tariffs. Cleveland Research analyst Adam Uhlman keeps his Neutral rating on CAT. He is pointing to dealer feedback from Europe that suggests...
Apr 3, 2018 | Analysis, Market News
With many cryptocurrency investors and users getting wary of the market slump, Tron (TRX) developer team just launched their Testnet. The platform founder, Justin Sun has assured the community of the platforms’ next move to ensure the network achieves its 2018 goals....
Apr 3, 2018 | Market News
President Trump tweets yet again about Amazon (NASDAQ:AMZN). Tweet: “I am right about Amazon costing the United States Post Office massive amounts of money for being their Delivery Boy. Amazon should pay these costs (plus) and not have them bourne by the American...
Apr 3, 2018 | Market News
Tesla (NASDAQ:TSLA) reports a production total of 34,494 vehicles in Q1. The tally included 24,728 Model S and Model X vehicles, and 9,766 Model 3s. The company says that in the past seven days it produced 2,020 Model S vehicles, lower than its 2.5K target set...
Mar 31, 2018 | Analysis, Market News
CryptoRecorder The much-awaited Tron (TRX) test net is now live, and people are super excited about it. It has marked the turning point for Tron, as it looks forward to the Main net launch. However, what I have found most interesting were the comments that Justin Sun...
Mar 30, 2018 | Market News
Stocks staged a broad rally ahead of the three-day Easter weekend as technology shares rebounded, but the blue-chip Dow index still suffered its first quarterly loss in more than two years. The Dow closed the quarter 2.3% lower and the S&P 500 slid 2.7% in the...
Mar 30, 2018 | Market News
Growth at all costs? Facebook Inc executive said in an internal memo in 2016 that the social media company needed to pursue adding users above all else, BuzzFeed News reported on Thursday, prompting disavowals from the executive and Facebook Chief Executive Officer...
Mar 30, 2018 | Market News
As the opioid crisis continues to kill thousands of Americans each year, states are holding big pharma responsible. In response to the opioid crisis, Arkansas’ attorney general on Thursday joined the widening mass of litigation against opioid manufacturers. The...
Mar 29, 2018 | Market News
Amazon checking is coming to a teenager near you. Amazon checking? Yep, you read that right. Amazon checking is the latest and greatest move from Amazon.com Inc (AMZN) and it has millennial shoppers nailed down. And their parents. And most of their grandparents. Well...
Mar 27, 2018 | Market News
Tesla Stock (TSLA) is getting crushed following chipmaker Nvidia Corp’s (NVDA) decision self-driving. Tesla stock is down 7%. Nvidia has suspended self-driving tests across the globe, a week after an Uber Technologies Inc )UBER) autonomous vehicle hit and killed...
Mar 27, 2018 | Analysis, Market News
Some index funds may be big losers today as LongFin (NASDAQ:LFIN) is to be removed from Russell indexes just days after being added. The issue appears to be only 1.14M shares (out of 14M offered) being purchased in the IPO. LongFin thus fails to meet the minimum 5%...
Mar 26, 2018 | Analysis, Market News
Twitter is to ban cryptocurrency advertising, joining Facebook and Google in a clampdown on the industry over the risk of giving publicity to potential fraud or large investor losses. The prohibition will cover advertising of initial coin offerings (ICOs) –...
Mar 26, 2018 | Analysis, Market News
This month, we launched our highly anticipated exclusive research service, BAD BEAT Investing. Together, as an investing community that shares the BAD BEAT Investing Philosophy, we will identify special situations with the potential for outsized returns. We have...
Mar 23, 2018 | Market News
Gold futures rallied Friday to their highest finish in five weeks, notching a weekly gain of almost 3%, as the threat of a looming trade war between the U.S. and China intensified. “Gold’s gains feel unexpected, but considering the growing volatility in the equity...
Mar 23, 2018 | Market News
With the market turndown this afternoon, Facebook (NASDAQ:FB) is 3.2% lower in a resumption of a near-weeklong downdraft. In developments today, The UK’s Information Commissioner’s Office has been granted a warrant to search the offices of Cambridge...
Mar 23, 2018 | Analysis, Market News
US whistleblower Edward Snowden voiced concerns over Bitcoin’s long-term prospects in an interview on March 22, saying the cryptocurrency’s public Blockchain made it susceptible to abuse. Speaking via webcam in an interview with Coin Center director of research Peter...
Mar 23, 2018 | Market News
The Tesla Model 3 (NASDAQ:TSLA) is a huge source of contention in the investing world. The Tesla Model 3 is oft-cited by both bullish and bearish theses. Today, the Tesla Model 3 may be scoring one for the bulls, despite the market action in the stock. What do we...
Mar 23, 2018 | Market News
Are Ripple futures coming our way? When Bitcoin Futures contract was first introduced during the close of 2017, it immediately made headlines, but there have been talk of others coming such as Ripple futures. For more on what Ripple is click here However, unlike...
Mar 23, 2018 | Market News
Nike (NYSE:NKE) has acquired Zodiac Inc., a consumer data analytics firm. This is a deal that “demonstrates our commitment to further accelerating Nike’s digital transformation and enhancing our consumer data and analytics capabilities to help us serve consumers...
Mar 20, 2018 | Market News
Blow to Venezuela? President Trump has signed an executive order barring any U.S.-based financial transactions involving the new Petro cryptocurrency, which is backed by the nation’s oil reserves. “Instead of correcting course to avoid further catastrophe,...
Mar 20, 2018 | Market News
McDonald’s going green? It is a reality. McDonald’s (NYSE:MCD) is making big steps to improve its foot print. McDonald’s going green? Maybe greener is more appropriate, given it has made some moves in the past. So what is the latest McDonald’s...
Mar 19, 2018 | Market News
Sell Tesla? Well that is at least what one major analysts thinks. To sell Tesla or not to sell Tesla is a question that has been asked by investors in this stock for over a year. Tesla shares are down 3% Monday, after Goldman Sachs reiterated its sell rating on the...
Mar 17, 2018 | Market News
Coca-Cola blockhain is real. Coca-Cola Co (NYSE:KO) and the U.S. State Department along with two other companies said on Friday they are launching a project using blockchain digital ledger technology to create a secure registry for workers that will help fight the use...
Mar 14, 2018 | Dividends, Market News
CVS Health Corporation (CVS) today announced that its board of directors has approved a quarterly dividend of $0.50 (50 cents) per share on the corporation’s common stock. The dividend is payable on May 3, 2018, to holders of record on April 23, 2018. Please...
Mar 14, 2018 | Market News
The benchmark cryptocurrency has recovered to $8,694 after hitting a low of $8,556 earlier on the search giant’s announcement banning advertisements from initial coin offerings. “It’s a good thing for the industry,” says Crypto bull Brian Kelly...
Mar 13, 2018 | Market News
Production of advanced biofuels made from algae could grow rapidly in the late 2020s, according to Synthetic Genomics, the biotech company that has formed a partnership with ExxonMobil to develop the fuel. The two companies said last week that by 2025 they were aiming...
Mar 13, 2018 | Market News
CVS Heath (CVS) and Aetna (AET) report that their respective shareholders have voted overwhelmingly in favor of the proposed merger. In special meetings, 98% of the CVS shares voted were in favor of the tie-up while 97% of the Aetna shares voted backed the deal....
Mar 13, 2018 | Market News
Researchers have discovered critical security flaws in AMD chips that could allow attackers to access sensitive data from highly guarded processors across millions of devices. Particularly worrisome is the fact that the vulnerabilities lie in the so-called secure part...
Mar 13, 2018 | Market News
You may remember when we last covered FitBit (FIT), that we discussed why the stock was getting decimated. We talked about the product cycle and how the outlook was poor. Well we have just learned that FitBit is now rolling out two new products, a light smartwatch and...
Mar 10, 2018 | Market News
By now, most people are acquainted with the internet censorship efforts imposed by China, Russia and parts of the Middle East. However, there is a closer to home version of censorship taking place on social media platforms. YouTube has been accused by many,...
Mar 10, 2018 | Market News
Trial briefs due today in the case of the Justice Dept. vs. AT&T (NYSE:T) and Time Warner (NYSE:TWX) have been filed. In AT&T and Time Warner’s pretrial brief, AT&T argues that there’s “no fact-based evidence” that the $85B merger...
Mar 10, 2018 | Market News
Tesla (NASDAQ:TSLA) could be on the brink of getting Model 3 production on track, but that provides investors with a great selling opportunity. This comes from Morgan Stanley’s Adam Jonas, who cites longer-term concerns about increasing competition. He...
Mar 10, 2018 | Analysis, Market News
By Kate Duguid The swift rise in U.S. bond yields in February may be whipsawing some stock market portfolios but it may bring relief to corporate America’s largest pension plans. For pension funds, rising interest rates can generate more investment income to cover...
Mar 9, 2018 | Market News
If you don’t know who Elon Musk is, you might have been living under a rock. The South African-born business magnate, investor, engineer, and inventor is richer than Donald Trump and more of a visionary than the Dalai Lama. Elon Musk, who brought us Tesla, The Boring...
Mar 9, 2018 | Market News
Out of the many technical backings behind the several created cryptocurrencies, the team behind Tron (TRX) has worked tirelessly behind the scene to drive the digital asset to the top. Today, the Tron foundation has announced that they have secured a strategic...
Mar 9, 2018 | Market News
ShiftPixy (PIXY) stock is flying. There are several reasons for this. We recently learned that it is making a block chain move. Why? ShiftPixy says that it is a prime use case for implementing a private, centralized blockchain due to the security and privacy of the...
Mar 8, 2018 | Analysis, Market News
Net Element stock (NETE) is absolutely soaring today. Net Element stock has seen a number of major moves in pricing in recent months. Net Element stock made big moves after first announcing a blockchain move. Net Element in December launched a blockchain-focused unit...
