Launching Google Play in China would let the search giant take part in a booming local app store market, and provide a means of distributing its apps. When it comes to mobile, China represents quite the paradox for Alphabet /Google .
Day: February 7, 2017
Here’s Why Ford Is the Auto Stock to Buy While Trump Is President
Those who are looking for an automaker that can ride out any new border taxes that may come out of Washington should consider Ford Motor . That might seem like a strange thing to say about a global colossus such as Ford Motor, which has taken criticism from President Donald Trump more than once, including over its planned $1.6 billion plant in Mexico, which it ended up canceling last month .
Why Advanced Micro Devices Still Has Room to Run Higher
AMD shares have seen stellar gains since the company reported strong fiscal first quarter results last week, but there are reasons to think it can appreciate even more. Shares of the chipmaker have climbed more than 30% in the days since AMD reported stronger-than-expected fourth-quarter results last Wednesday.
Apple vs. Amazon: Why Investors Have Got It Wrong
Investors are rewarding Apple, while taking Amazon to the woodshed. Here’s why it should be the other way around.
Micron’s in Shallow End of Correction Pool
If MU can overcome some overhead resistance, we could find further gains in the months ahead. In this one-year daily chart of MU, above, we can see an uptrend from a May low.
Cramer: Never Forget the Link Between Oil, Rates and the Banks
You’ve got to have something going right. You can’t expect the stock market to go higher if oil is getting crushed and interest rates are going down.
Breadth Is Deteriorating, Sell Stops Are Being Triggered
The market is repeating what it did the last time the DJIA broke over the 20,000 level. The breakout is failing and momentum is drying up.
LULAC Opposes Federal Communications Commission Decision to Revoke…
LULAC expressed concern for the 13 million low-income Americans who do not have broadband service at home and are eligible to benefit from this program. “We have a national responsibility to ensure all Americans, regardless of their income level, have access to the broadband needed to achieve educational and economic prosperity.”
Auction Goes Into Lightning Rounds
The TV spectrum incentive action is going into lightning rounds as the prices inch up in a handful of smaller markets where demand continues to exceed supply. Bidding will go from four, one-hour rounds to six lasting 40 minutes each, beginning Wednesday, Feb. 8 at 10 a.m. ET.
FCC Extends Comment Period on Repack Reports
The comment period has been extended for weighing in on the TV channel repack reporting requirements proposed Jan. 10 by the Federal Communications Commission. Comments are now due Feb. 17 with replies due Feb. 27. “The Media Bureau hereby extends the filing deadlines for public comment in the pending proceeding proposing to require certain broadcast television stations that are not eligible to receive reimbursement from the TV Broadcast Relocation Fund but must transition to new channels during the post-auction transition period to provide progress reports,” the commission said in a Feb. 6 Public Notice .
No Job Cuts in Gray TV $91M Auction Take
Gray Television did not say Tuesday morning which of its 64 TV stations would be affected when it announced expected auction proceeds of $90.824 million. The company did say, however, that operations would not be materially affected, which means the company may be working out channel-sharing arrangements.
FCC Chairman Defends Decision to Bar 9 Companies From…
New Federal Communications Commission Chairman Ajit Pai has wasted no time getting used to his role, dropping inquiries into free data perks offered by wireless providers. It’s a decision that has raised the ire of net neutrality advocates, stopping nine companies from participating in a federal program, Lifeline, that subsidizes internet service for low-income communities.
Ford reveals new aluminum-sided Expedition SUV
This photo provided by Ford Motor Company shows the 2018 Ford Expedition. Ford says the 2018 Ford Expedition is 300 pounds lighter than the previous model thanks to a new aluminum body and a high-strength steel frame.
Nigel Farage: Brexit, Trump was the Beginning of a Political Revolution
On Monday, Speaker of the House of Commons John Bercow expressed his strong opposition for the newly appointed President of the United States, Donald Trump to speak at Parliament. The Speaker claimed it is “an earned honor” for foreign leaders to address Westminster Hall, adding, “After the imposition of the migrant ban by President Trump, I am even more strongly opposed to an address by President Trump in Westminster Hall.”
How to take care of your house like you’re selling it
Home sellers need to understand that buyers today have access to more information and are more educated and savvy than ever before. As a result, today’s buyers tend to be more cautious.
Twitter’s going to start weeding out abusive tweets before you see them
Twitter knows it has a problem with online abuse, and on Tuesday it announced three more changes it’s making to help users deal with it. The social network said in a blog post that it’s cracking down even more on repeat abusers who make new accounts to continue trolling This “whack-a-mole” problem is a big one for Twitter, which many of its critics have brought up as a consistent weakness in the network’s anti-harassment policies.
U.S. trade deficit last year hit highest level since 2012
The U.S. trade deficit narrowed slightly in December, but the improvement wasn’t enough to keep the deficit for the entire year from rising to the highest level since 2012. That should provide fuel for President Donald Trump’s contention that America needs a tougher approach to trade.
RH Stock Slips After Buckingham Downgrade
Shares of RH were down 4.10% to $25.24 in pre-market trading on Tuesday after Buckingham Research cut its rating on the stock, saying the choppy recovery ahead raises liquidity concerns. The firm downgraded shares to “underperform” from “neutral” and reduced its price target to $22 from $34, implying 16% downside from current levels.
Earnings Preview: GlaxoSmithKline Likely to See Currency Boost; Advair Sales in Focus
GlaxoSmithKline reports fourth-quarter earnings Wednesday, with investors looking for guidance on the fate of its key Advair drug and the recent pace of organic growth for new products sales. GlaxoSmithKline Plc reports fourth-quarter earnings Wednesday, with investors looking for guidance on the fate of its key Advair drug in the U.S. and the recent pace of organic growth for new products sales.
Trump’s Executive Order Could Cost Retirement Portfolios Big Time
Last Friday, the president sent out a mandate that could hurt long-term investors. Here is what happened and how to protect savings.
What Financial Advisors Need to Know On Trump Moves to Dismantle Dodd-Frank, Fiduciary Rule
The Trump administration is taking a harsh stance on both Dodd-Frank and the Department of Labor’s fiduciary rule. And financial advisors better be straight with clients about it.
Gold Prices Are Set to Test the $1,300 Level in the Coming Weeks
Look for a break out over the next few days above $1,220 key resistance, as the precious metal pushes higher. Over the past two weeks, gold has found a bottom down near $1,180, and prices have been trying to break above the $1,220 key resistance level.
Matson Buyers Will Have to Be Patient
Buyers of MATX will have to be patient and wait for a more developed base pattern before booking passage. In this one-year daily chart of MATX, above, we can see that the prices of MATX have actually lost some ground in the past 12 months.
How to Play a Challenging and Rising DryShips
Regular readers of Real Money and Kamich’s Korner have probably gotten used to my use of daily bar charts, point-and-figure charts and an occasional candlestick chart. I usually start with a one-year chart and then move out to a weekly one.
Here Are 3 Reasons Why Gap Should Fire Its CEO
To be sure, these headline-grabbing announcements will spur speculation on what under-performing retail CEO will get the ax next . For those looking to place some wagers, a strong case could be made that Gap’s Unlike the case at Tiffany & Co., however, if Gap parts ways with its CEO, it may not be short-term bullish for the stock.
Investor Starboard takes several seats on Perrigo board
Activist investor Starboard Value has grabbed several seats on the board of Perrigo, months after saying it would push the drugmaker to its improve operations. Perrigo Co.
Why Teck Resources Ltd Stock Jumped 21% in January
That, of course, comes on top of the metallurgical coal, copper, and zinc miner’s nearly 420% advance in 2016. Last year’s performance was driven by a mixture of things, including a broad commodity price rebound, improvements on the company’s balance sheet, and continued progress at its Fort Hills oil venture.
Why Copa Holdings Investors Should Be Feeling Good About 2017
During this time, many of the company’s most important markets — in particular, Venezuela, Colombia and Brazil — have suffered from weak economies and currency devaluations that caused demand for Copa’s fares to drop precipitously. However, the company’s third quarter earnings report left many investors feeling much better about the airline’s prospects heading into 2017, with CEO Pedro Heilbron remarking: Duringthis third quarter, we saw a clear improvement versus 2015 and the first half of 2016, and believe that the worst is behind us.
Why You Can’t Rely on Social Security Disability Insurance
Most people would agree on the importance of life insurance, but few of us have even considered buying disability insurance — though you’re more likely to be disabled than to die before your retirement age. It’s true that Social Security offers some disability coverage, but that coverage is pretty limited.
Which Commercial Won the Super Bowl?
With an estimated average cost of $5 million dollars for a 30-second commercial, this was a big gamble for Netflix. Advertisers tend to bring their A game, but not everyone gets their money’s worth.
What Textron’s Arctic Cat Acquisition Means for Their Shareholders
Textron’s offer values Arctic Cat at $247 million plus the assumption of all the company’s debt. Those with a stake in the winter-toy maker will receive a tender offer of $18.50 per share.
Warning Signs Mount on Sears’s Path
The struggling retailer bought some breathing room through moves to raise more than $1.5 billion in recent weeks, but investors are growing increasingly doubtful that Sears will ever get back on track. The cost of insuring the retailer’s bonds hit new highs and its stock price continues to tumble falling 5% Monday to close at $6.52, an all-time low, signaling fresh concerns about the retailer’s future Sparking the latest bout of investor anxiety were downgrades of Sears’s debt last month by Fitch Ratings and Moody’s Investors Service that were prompted by the retailer’s dismal holiday sales and continued losses.
Trump banking review raises fears for global standards talks
President Donald Trump’s review of post-crisis banking rules could sound the death knell for new global standards now being finalised and rip apart a common approach to regulating international lenders, bankers and regulators said. Central banks and watchdogs around the world have spent the past eight years drawing up regulation aimed at preventing a repeat of the 2007-2009 financial crisis, but there are fears that project could unravel after Trump said he wants the U.S. to row back on capital rules.
Oil Prices Slip as Reviving Shale Balances OPEC Cuts
Oil prices slipped on Tuesday as lower production by OPEC and other exporters was undermined by growing evidence of a revival in U.S. shale production and sluggish demand. Benchmark Brent crude was down 30 cents at $55.42 a barrel by 1330 GMT.
SK Hynix Makes Bid to Buy Part of Toshiba’s Memory Chip Arm
South Korea’s SK Hynix Inc. has offered to buy a stake in Toshiba Corp.’s microchip business, as it seeks to expand its share of the global mobile and smart devices market. Hynix, an Apple Inc. supplier and the world’s second-largest computer memory chipmaker, said in a Tuesday filing it submitted a non-binding bid on Feb. 3., without giving specifics.
Teva Loses CEO, Leaving Investors to Guess What’s Next
Teva Pharmaceutical Industries Ltd. announced the departure of its chief executive officer after just three years and said it would undertake a thorough review of its business, leaving the world’s largest generic-drug maker without a permanent leader following lowered profit forecasts that sent the share price plunging. CEO Erez Vigodman has stepped down, and Chairman Yitzhak Peterburg will hold the job on an interim basis while a search is conducted for a successor, the Petach Tikva, Israel-based company said in a statement late Monday.
Denmark’s Biggest Mortgage Lender Reports 56% Jump in Profit
Nykredit Realkredit A/S, the largest lender operating in the world’s biggest market for mortgage-backed covered bonds, reported a 56 percent jump in profit last quarter after management cut costs and revenue increased. The Copenhagen-based lender said net profit excluding minorities rose to 1.87 billion kroner in the fourth quarter from 1.2 billion kroner a year earlier, according to a statement on Tuesday.
Qatar Petroleum Hunts for Gas Abroad as Local Growth Limited
Qatar Petroleum is exploring for oil and gas in Cyprus and Morocco as part of a strategy to expand the tiny Gulf emirate’s global energy investments. The world’s biggest producer of liquefied natural gas known as QP must cope with local limits on growth as it seeks to expand its LNG business and increase its production and reserves of crude oil and gas, Saad Sherida Al Kaabi, the company’s chief executive officer, said Monday in Doha.
Gold slipped on Tuesday on a stronger dollar and as investors booked profits after the yellow metal hit a near three-month high in the previous session, amid safe-haven demand on the back of rising global political uncertainty. The dollar index , which measures the greenback against a basket of currencies, was up 0.7 percent at 100.610.
European Stocks Edge Higher, Currencies Slide on Political Uncertainty
European stocks were mixed early Tuesday as political concerns linked to elections in France and Italy and disappointing economic data from Germany weighed on sentiment. European stocks were mixed early Tuesday as political concerns linked to elections in France and Italy and disappointing economic data from Germany weighed on sentiment.