|Bid||1,303.73 x 100|
|Ask||1,304.61 x 100|
|Day's Range||1,292.30 - 1,339.94|
|52 Week Range||803.00 - 1,339.94|
|PE Ratio (TTM)||333.50|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CES takes place in Las Vegas every January. This year, six technologies stood out — all of which have been boiled down to a handy acronym, VICTOR, which stands for voice, Internet of Things, cars, TVs, oddballs, and robots.
Walt Disney (DIS) reached a deal in December to purchase most of Twenty-First Century Fox (FOX)(FOXA), the media and entertainment conglomerate controlled by billionaire Rupert Murdoch. The announcement of the deal ended months of speculations that Disney was looking to acquire strategic assets to try to bolster its competition as technology companies such as Netflix (NFLX), Amazon (AMZN), and Alphabet’s (GOOGL) Google disrupt traditional media and entertainment companies. In the deal with Disney, Fox chose to offload its entertainment unit and media operations that it apparently views as not very important in the future it’s seeking.
U.S. Senate Democrats said on Tuesday they had the backing of 50 members of the 100-person chamber to overturn the U.S. Federal Communications Commission’s decision to reverse the Obama administration's net neutrality rules, leaving them just one vote short of a majority. Earlier this month, Republican Senator Susan Collins said she would back the effort to overturn the FCC’s move. Democrats need 51 votes to win any proposal in the Republican-controlled Senate because Vice President Mike Pence breaks any tie.
Hedge fund manager David Einhorn told investors on Tuesday that he made a "large" bet on insurer Brighthouse Financial late last year, and had made money on General Motors but lost by shorting Amazon and Tesla. Einhorn's Greenlight Capital bought into Brighthouse, MetLife's former U.S. retail life-insurance business, at an average cost of $57.92, according to a letter sent to clients and seen by Reuters.
The tables have turned in the big-box retail world! For most of 2017, the narrative in big-box retail was that Wal-Mart Stores Inc (NYSE:WMT) was transforming into a formidable Amazon.com, Inc. (NASDAQ:AMZN) competitor and obliterating Target Corporation (NYSE:TGT) along the way. From January 2017 to mid-November 2017, Walmart stock rose an astounding 45%. Target stock dropped 25% in that same time frame.
Google is expanding its sprawling network of undersea cables to plug into new regions around the world, in a bid to speed up its cloud-computing business and catch up to rivals Microsoft Corp. and Amazon.com ...
Amazon had its price target raised on a view that it's in a prime position to benefit from growth in e-commerce trends.
Shares of Amazon (AMZN) surged over 2% on Tuesday to touch a new all-time intraday trading high of $1,339.94 per share after BMO Capital Markets analysts raised their price target for the e-commerce power. On top of that, online analytics firm One Click Retail detailed Amazon???s online grocery ascendance in a new report.
An analyst at BMO Capital Markets raised his price target on Amazon shares to a new Wall Street high.
At the Credit Suisse 21st Annual Technology, Media & Telecom Conference, PayPal (PYPL) chief financial officer John Rainey discussed a wide range of issues, including payment digitization. Rainey cited secular trends in the payment market to show that PayPal may have tremendous growth opportunities ahead. Rainey discussed the shift to mobile and the growing number of consumers starting their shopping trips on mobile devices.
Facebook, Google, Amazon and Apple dominate their worlds just as Standard Oil and AT&T once did. Critics say they should get the same treatment. The answer to the antitrust question depends on a narrow ...
Here are some things going on today in your world of tech: Shares of Qualcomm (QCOM) are up $2.19, or 3.4%, at $67.67, after the company this morning staged an effort to fight back against Broadcom’s (AVGO) hostile bid, promising a billion dollars in cost cuts to boost earnings. The stock also got an upgrade from Instinet to a Buy rating, and a shareholder in NXP Semiconductors (NXPI), the chip company Qualcomm has been in the process of taking over, rejected Qualcomm’s own tender offer for that company’s shares as undervaluing NXP. Twitter shares are down 28 cents, or 1%, at $25.13, despite hedge fund Greenlight Capital taking a stake in the stock, as related by CNBC’s Tae Kim, citing a letter from Greenlight partner David Einhorn.
U.S. Senate Democrats said on Tuesday they had the backing of 50 members of the 100-person chamber to overturn the U.S. Federal Communications Commission’s reversal of landmark Obama administration net neutrality rules, but still faced an uphill battle. Earlier this month, Republican Senator Susan Collins said she would back the effort to overturn the FCC’s recent move. The FCC voted in December along party lines to reverse rules introduced in 2015 that barred internet service providers from blocking or throttling traffic, or offering paid fast lanes, also known as paid prioritization.
Victor Anthony, Aegis Capital managing director, and Paul Meeks, Sloy, Dahl & Holst chief investment manager and portfolio manager, discuss the moves in FANG stocks.