Google Inc (NASDAQ:GOOGL) is still a core holding, Anthony DiClemente said in a recent interview aired on CNBC. The comment from the Nomura analyst comes after Google Inc (NASDAQ:GOOGL) reported its Q2 earnings yesterday. The company reported $15.96 billion in revenue, a 22% increase year-over-year. Net income was reported to be $3.42 billion, down compared to its net revenue for last quarter. This has impelled some to question whether the company is still a good stock to own. Nonetheless, DiClemente expressed in the interview that taking all things into consideration, Google Inc (NASDAQ:GOOGL) is still a core stock in any…
Author: Solon Harmony B. Dolor
International Business Machines Corp.’s (NYSE:IBM) beat as it reported its earnings was a beat but it wasn’t a particularly strong one, Sherri Scribner said in a recent interview on CNBC. Reacting to the most recent International Business Machines Corp. (NYSE:IBM) report, Scribner, Deutsche Bank research analyst, said: “If you look at the head line, the services business is a little weaker than expected. The software business is weaker. The beat really came on the hardware side where the company did better [in the] mainframe business this quarter. But the key segments, the services and the software segments, were weaker than…
Facebook Inc (NASDAQ:FB) makes money for itself while getting people’s attention for advertisers while Twitter Inc (NYSE:TWTR) just gets people’s attention, Jim Cramer suggested in a recent discussion on CNBC. The comparison was made by Cramer as the two companies were compared ahead of the opening bell on Monday at the New York Stock Exchange. Cramer hinted during the discussion that investors may do better by putting money in Facebook Inc (NASDAQ:FB) stock than if they were to invest in Twitter Inc (NYSE:TWTR). According to Cramer, a report that has just recently been released says that advertisers are loving Facebook…
Apple Inc. (NASDAQ:AAPL) may have been recently upgraded by Barclays but Jon Steinberg thinks that there might be trouble in the field, the Daily Mail North American CEO expressed in a discussion on CNBC. The discussion was prompted by Ben Reitzes of Barclays changing his rating on the Apple Inc. (NASDAQ:AAPL) from Equal Weight to Overweight. In a note where he said he is “back on board” the stock, the analyst also raised his price target for the stock from $95 to $110. The discussion was started by Fortt by saying that he has been looking at a graph of…
Amazon.com, Inc. (NASDAQ:AMZN) is everyone’s friend, even those in the publishing industry that is having a feud with the giant at the moment, Marshall Sonenshine said in a recent discussion on Bloomberg Surveillance. The comment comes from the Sonenshine Partners chairman and managing partner as Amazon.com, Inc. (NASDAQ:AMZN) is currently locked in a dispute against Hachette Book Group USA over pricing and revenue sharing in selling books. Asked whether the internet commerce giant is a friend or a foe, Sonenshine explained: “First of all, in terms of our business, they’re very much our friend. They are everybody’s friend. You will…
Fusion-IO, Inc. (NYSE:FIO) Executive Vice President Ian Whiting talked to Bloomberg Television in a recent interview about how flash storage can transform the data center of the 21st century and his company being acquired by SanDisk Corporation (NASDAQ:SNDK). The discussion comes from the Global Field Operations executive vice president as Fusion-IO, Inc. (NYSE:FIO) recently unveiled its Atomic Series flash memory platform. The EVP also spoke after SanDisk Corporation (NASDAQ:SNDK) recently revealed that it is buying Fusion-IO, Inc. for $1.1 billion. According to Whiting, the launch of the Atomic Series platform is indicative of the company’s recognition that there is a…
In light of Reynolds American, Inc.’s (NYSE:RAI) bid to buy Lorillard Inc. (NYSE:LO), Bloomberg recently looked into statistics of the tobacco industry in a short clip. Both Reynolds American, Inc. (NYSE:RAI) and Lorillard Inc. (NYSE:LO) have confirmed that they are in talks for a merger. This isn’t the first time these two companies have been mentioned in M&A talks, however, as this March, it was also reported that Reynolds American, Inc. is exploring a bid for Lorillard Inc. Meanwhile, as Bloomberg looked at both companies, the video they produced indicated that the combined market share of Reynolds American, Inc. (NYSE:RAI)…
MGM Resorts International (NYSE:MGM) and Las Vegas Sands Corp. (NYSE:LVS) and better than Wynn Resorts, Limited (NASDAQ:WYNN) when looking for Macau gambling plays in the stock market, Jim Cramer said in a recent discussion on Mad Money. The comment comes from Cramer as he looked at vices and possible investment opportunities for people. According to Cramer, this is an area that has not been doing great recently. He noted that Las Vegas stopped being the capital of gambling in the world and that Macau has replaced it. Saying that though companies like MGM Resorts International (NYSE:MGM), Las Vegas Sands Corp.…
Monster Beverage Corp (NASDAQ:MNST) could be the next beverage company that will be a target for a takeover, Jim Cramer said in a discussion on CNBC. The thought was prompted, Cramer said, because of Hormel Foods Corp’s (NYSE:HRL) $450 million acquisition of CytoSport Holdings, the makers of the Muscle Milk drink. According to Cramer, this deal helps boost growth rate at the Spam-maker by expanding to a niche beverage market. Cramer then went on to venture that if a company like Hormel is willing to spend this much on a company that makes a product that is not that much…
Wells Fargo & Co (NYSE:WFC) earnings will outperform in the second quarter, analyst Marty Mosby said in an interview on CNBC. The comment from the Vining Sparks banking analyst as the financial firm is set to report its second quarter performance today. Mosby explained his opinion saying: “We think there is a dichotomy amongst the banks. A lot of the headlines are centered on the money-center banks that would actually show a decline to the largest five. [However,] what we are going to actually see tomorrow is an actual super regional bank which has a franchise across the nation in…
Microsoft Corporation (NASDAQ:MSFT) CEO Satya Nadella can turn around the software giant, Crawford Del Prete said in a recent talk with Emily Chang and Bob O’Donnell on Bloomberg West. Furthermore, Del Prete said that Nadella’s recent memo points to major changes in the company. The comment comes from the IDC Research Chief Research Officer after the Microsoft Corporation (NASDAQ:MSFT) boss sent a very long and detailed email to all employees outlining his plans for the company. Also known as a vision memo, the email was sent to employees today with the subject line “Starting FY15 – Bold Ambition & Our…
Amazon.com, Inc. (NASDAQ:AMZN) is being sued by the United States Federal Trade Commission (FTC), Julia Boorstin reported recently on CNBC. The lawsuit, which was announced by the government agency on Thursday, is due to in-app purchases made by children. According to Boorstin, the FTC alleges that Amazon.com, Inc. (NASDAQ:AMZN) bill the parents of children who make unauthorized in-app purchases. It said that the company did not require passwords or consent for these purchases, she added. According to Boorstin, the FTC wants Amazon.com, Inc. (NASDAQ:AMZN) to refund money for those allegedly unauthorized in-app purchases made by kids. FTC Chairwoman Edith Ramirez…