Wednesday was an up-and-down day for the stock market, which lost substantial ground early in the day only to climb back toward the unchanged mark by the end of the session. A slight rise for the Dow Jones Industrials led to yet another record-high close, and although other major market benchmarks weren’t quite as lofty, they nevertheless finished with only modest losses on the day. Generally....More>>>
Symantec: A plan coming together (or a bunch of smoke and mirrors?)
Symantec (SYMC) reported the results of its Q2 a few days ago. The results were a small miss on EPS with in-line revenues. Managements forecast for its fiscal Q3 was for revenues and EPS below the prior consensus and for a short fall on both the earnings and revenue line for the year as a whole. Needless to say, the shares fell....More>>>
From a New York Times article early this year Donald Trump said he would be in favor of a 45% tariff on Chinese exports to the United States. This is one of the reasons that Apple’s shares dropped over $12 from the day after he won the Presidential election to two days ago but have since rebounded by $4 to $110. There have been a number of articles written about why tariffs would have bad....More>>>
April 1969 saw the release of what would soon become Credence Clearwater Revival’s second gold single. Bad Moon Rising’s popularity quickly secured it a permanent spot in rock history. But it was also headed somewhere else, if not everywhere else, to places the young rockers never saw coming. In hindsight, it can only be said that while their music was great, their lawyer was lousy.
President Donald Trump signed on Thursday a new executive order that calls for an entire review of the nation’s cybersecurity and digital defenses.
According to a CNBC report, the new executive order will result in a migration of the country’s cyber-defense system to the cloud as quickly as possible. The reason for doing so is simple: By moving defense systems to shared services,....More>>>
European stocks have boomed to start 2017. Last week, I told you that European stocks were entering a stealth bull market. And right now, we're seeing a huge breakout in Europe's largest economy… Germany. In December, the iShares MSCI Germany Fund (EWG) jumped 6% in just three days. And the rally has led to new 52-week highs. History shows buying after a 52-week....More>>>
European Pressphoto Agency
An upbeat reading on U.S. retail sales isnt enough to keep U.S. stock indices from tanking today. The Dow dropped more than 200points in late afternoon market action.
The Dow Jones Industrial Average dropped 1.19% and the S&P 500 fell 1% while the Nasdaq Composite fell 0.6%.
Energy and financial shares in the S&P 500 led the declines with the....More>>>
Virtual reality is often touted as the “next big thing” among tech companies. Goldman Sachs believes that the market could blossom into an $80 billion one by2025, and Facebook (NASDAQ:FB) CEO Mark Zuckerberg has repeatedly called VRa next-gen “computing platform.”
However, the aging bull market and hype regarding VR-related stocks have made it tough to find fundamentally....More>>>
Palo Alto – The crumbling of an empire
Is the headline of this session a bit dramatic? Regardless of the apparent sensationalism, I really think the results and the outlook describe an end of an era for this company that is akin to the crumbling of an empire. Palo Alto (NYSE:PANW) first emerged as a leading cyber-security vendor around 2009 when it started marketing next-generation....More>>>
Xbiotech’s potential upside vs. downside
Xbiotech (NASDAQ:XBIT) has presented the abstract of its European Phase III trial of Xilonix to treat patients with metastatic colorectal cancer (mCRC) refractory to standard treatment at the ESMO GI (European Society for Medical Oncology) 2016, early July. The abstract has shown a 76% relative increase in clinical response rate (CRR), associated....More>>>