A lot of people, especially the customers of JPMorgan Chase & Co. (NYSE:JPM), got a minor shock this week when it was revealed that there has been a cyber attack on the company. Though the company hasn’t disclosed much about the attack and investigation by Federal authorities is still undergoing, experts believe that the attack was carried by Russian hackers. Some believe that the Russian administration is behind the attacks and see the attacks as a result of the U.S. and EU imposing sanctions on Russia. Ken Westin, Security Researcher at Tripwire, and Michael Riley discussed today on Bloomberg the…
Author: Sean Campbell
Delta Air Lines, Inc. (NYSE:DAL), Michael Kors Holdings Ltd (NYSE:KORS) and General Motors Company (NYSE:GM) are three stocks on which the majority on the Wall Street is bullish. While all three stocks are from completely different industry sectors, the consensus forecast of analysts on the Street is that each of these stocks will go up 20% or more. While Delta Air Lines, Inc. (NYSE:DAL) continues to post great quarterly results, there is some concern about how Michael Kors Holdings Ltd (NYSE:KORS) will perform in an overall tough retail environment. General Motors Company (NYSE:GM) being one of the oldest blue chips…
Twitter Inc (NYSE:TWTR)’s move from the $38 levels, where its latest quarterly results was declared, till current $50 levels has brought it into radar of many investors. While other tech majors spent the better part of the last two weeks being in news for all the right and wrong reasons, Twitter Inc (NYSE:TWTR)’s stock quietly climbed up more than 10% during the same period. Some people are not bothered about the unreasonable valuation of the stock as they believe the growth potential of the company more than justifies its current stock price. One among them is FMHR trader Stephanie Link,…
On the face of it, Silicon Valley’s tech behemoths like Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOGL) and others seem like arch rivals, but the 2011 lawsuit involving tech employees has united them. The lawsuit filed by a group of tech workers alleged that major tech companies which included Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOGL) among others conspired to stop poaching employees from each other. The case which has been dragging on since then has reached a new milestone as revealed by re/code in one of its articles. According to the article, four main defendants in the lawsuit which includes Google…
The Home Depot, Inc. (NYSE:HD) has faced some kind of security breach in its computer systems, but the company is yet to confirm it officially. Since The Home Depot, Inc. (NYSE:HD) hasn’t confirmed, it’s hard to figure out from where did the attack originated, if consumer accounts were compromised and the size of the damage it has done. The company has come out with an announcement though in which it has said that it’s looking into the matter and if consumers’ accounts have been compromised, they won’t be held liable for any damages. CNBC’s Courtney Reagan reported today on the…
Tesla Motors Inc (NASDAQ:TSLA) is executing like no one else in the automotive industry right now. The company’s stock seems to be taking note of all the developments and announcements. Since making a minor low near the $220 level, Tesla Motors Inc (NASDAQ:TSLA)’s stock has continued its upward march and currently trades at $285 levels. While Tesla Motors Inc (NASDAQ:TSLA) is creating magic while being based in the U.S., other auto manufacturers are not able to replicate any of it even after having the advantage of lower cost locations. Jim Cramer and David Faber discussed today on CNBC, Tesla Motors…
Facebook Inc (NASDAQ:FB)’s acquisition of Oculus VR Inc. is proving pretty beneficial for the company when it comes to developing ties with hardware manufacturers in Asia. Facebook Inc (NASDAQ:FB) completed the acquisition of Oculus VR Inc. in July this year, but even before the acquisition Oculus VR Inc. had been closely working with Samsung in developing virtual reality headsets and had been having talks with Sony Corp (ADR) (NYSE:SNE) on the same matter. A Bloomberg article has disclosed the ties that Facebook Inc (NASDAQ:FB) is inheriting with its acquisition of Oculus VR Inc. The article revealed that Oculus VR Inc. has been working…
Apple Inc. (NASDAQ:AAPL)’s stock took a major hit yesterday. The company’s stock till Tuesday was sailing smoothly above the $103 mark, but closed at $98.94 on Wednesday. Some people believe that the downturn in Apple Inc. (NASDAQ:AAPL)’s stock is a result of the recent leaks of celebrities photos. Regardless of whether that is the true reason or not, Apple Inc. (NASDAQ:AAPL) is in a complete damage control mode, especially because the company has also planned a media event on September 9, where perhaps it will be unveiling its new devices. So shall investors buy on this pullback in Apple Inc.…
One of the oldest tech behemoth, International Business Machines Corp. (NYSE:IBM) survives because of its focus on adaptability. The company has stood the test of time in the ever changing technology landscape. International Business Machines Corp. (NYSE:IBM) is currently focusing its research on how to make the world a better place by bringing in different devices and tools into the fold of Internet. Paul Brody, practice leader for mobile and the Internet of Things at International Business Machines Corp. (NYSE:IBM), discussed today on CNBC, the work that the company is doing on the Internet of Things and what impact it…
Amazon.com, Inc. (NASDAQ:AMZN) has already positioned itself for the great content war, even before other competitors could tune their strategies. In its last quarterly results, Amazon.com, Inc. (NASDAQ:AMZN) has duly mentioned that it would be investing a large amount in producing original content. If analysts on the Street are to be believed, the next playing field for the tech majors would be content. While other tech companies are still finalizing on their plans regarding this, Amazon.com, Inc. (NASDAQ:AMZN)’s initial batch of original content is almost ready to be distributed. Whit Stillman, a writer and director who is creating content for…
While Amazon.com, Inc. (NASDAQ:AMZN) keeps on pouring more and more money in fuelling its growth, some are concern that the e-retailing behemoth can lose ground in its core business. The company till now has managed to convince analysts that even though it’s not profitable, it’s paving the way to become hugely profitable in future by deploying money in new areas of growth. Amazon.com, Inc. (NASDAQ:AMZN)’s stock price is a testament to the kind of general optimism around the company, but some critics have started voicing their concern too. Kevin Roose, Business Writer for New York Magazine, discussed today on CNBC,…
Can Apple Inc. (NASDAQ:AAPL)’s loss be BlackBerry Ltd (NASDAQ:BBRY)’s gain? Some analysts on the Street think so. With the recent leaks of celebrities’ photos from Apple Inc. (NASDAQ:AAPL)’s iCloud, many concerns are being raised over the security features in Apple’s devices and services. Even though many people consider BlackBerry Ltd (NASDAQ:BBRY) as a bygone, if there is one mark that company made and continues to hold is its security features. The bad financial shape of BlackBerry Ltd (NASDAQ:BBRY) and whether the company can capitalize on this opportunity provided by Apple Inc. (NASDAQ:AAPL) was a topic of discussion between Gina Sanchez…