Google Inc (NASDAQ:GOOGL) buying music streaming company Songza Media may be a social media play, Bruno Del Ama said in a conversation aired on Bloomberg Television. Songza Media competes with the likes of Pandora Media Inc (NYSE:P) in providing a service to users that lets them compile a playlist either by searching for music or looking at suggestions based on past songs that were played. According to Bloomberg, the terms of the Google Inc (NASDAQ:GOOGL) and Songza Media deal have not been disclosed. According to Bloomberg, Pandora Media Inc (NYSE:P) traded down a little because of the announcement. However, it…
Author: Solon Harmony B. Dolor
Where GoPro Inc (NASDAQ:GPRO) goes after its initial public offering was discussed by Charlie Anderson in an interview on CNBC. The comment from the Dougherty and Company senior research analyst comes after GoPro Inc (NASDAQ:GPRO) has gone up for four days in a row after its market debut. With its jump in share prices, the company has now effectively doubled its market cap to $6 billion since its IPO. CNBC’s Melissa Lee asked Anderson where the company goes now as she noted that the stock currently trades at over $20 above Anderson’s price target. Earlier, Anderson told CNBC that the…
International Paper Company (NYSE:IP) and NetApp Inc. (NASDAQ:NTAP) were named by Phil Roosevelt as some of his stock picks in an interview on Fox Business Network. In the case of International Paper Company (NYSE:IP), Roosevelt who is with Barron’s said that they like the company because it generates a lot of cash that can now be returned to investors. He explained: “We like IP. It’s a cash flow story that generates a lot of cash. They are in a good position to start returning it to shareholders in the form of a dividend or buybacks. They are a tremendous play…
Citigroup Inc (NYSE:C), Weyerhaeuser Company (NYSE:WY) and International Business Machines Corp. (NYSE:IBM) were named by David Dietze and Jeff Saut in a discussion on Fox Business network as some of the picks for a market correction. The picks come as Fox Business Network discussed what possible companies to invest in when a market correction happens in light of the current bull market. According to Point View Wealth Management CIO David Dietze, there is bound to be a market correction and that people need to make their shopping list correct today. Companies which should be looked at are companies that are…
Yahoo! Inc. (NASDAQ:YHOO) may be too risky in connection to the coming Alibaba initial public offering, Gordon Chang said in a recent interview on Fox Business Network. Furthermore, he went as far as to say that Tencent Holdings Ltd is better than Alibaba. The comment from Chang, author of the book The Coming Collapse of China, comes after others have signified confidence in Yahoo! Inc. (NASDAQ:YHOO) exactly because of its stake in Alibaba in the context of the Chinese company’s imminent debut. For example, Gene Munster, Piper Jaffray Companies (NYSE:PJC) senior analyst, said in a recent interview on CNBC that…
Google Inc’s (NASDAQ:GOOGL) latest creepy move was discussed by Liz MacDonald in a segment on Fox Business Network. According to MacDonald, the internet search and advertising giant may start to sell a humanoid robot, according to a report by the Daily Mail. MacDonald remarked. “This is eerie. This thing can drive a car. It can remove garbage. It can climb an 8-foot ladder. I’m waiting for it to run the treadmill for me. So the thing is, do you want this walking around your local supermarket. It’s eerie, it’s creepy but it’s [apparently] coming to the market pretty soon.” Asked…
Twitter Inc (NYSE:TWTR) acquiring TapCommerce and Apple Inc. (NASDAQ:AAPL) launching a new teacher aid for their tablet were discussed by Scarlet Fu in a report for Bloomberg. On Monday, Twitter Inc (NYSE:TWTR) revealed that it will be buying TapCommerce. The social media company did not mention any specific amount that they agreed on with TapCommerce but recent reports about the deal when it was still unconfirmed say that it is around $100 million. In a report which is also embedded below, Bloomberg’s Sarah Frier pointed out that the last acquisition made by Twitter Inc (NYSE:TWTR) was for MoPub which was…
Whether Facebook Inc (NASDAQ:FB), SolarCity Corp (NASDAQ:SCTY) and Intercept Pharmaceuticals Inc (NASDAQ:ICPT) will join the Dow in 25 years was discussed by Dominic Chu in a segment on CNBC. The discussion about Facebook Inc (NASDAQ:FB), SolarCity Corp (NASDAQ:SCTY) and Intercept Pharmaceuticals Inc (NASDAQ:ICPT) comes as Chu was looking into which companies will be large enough to be included in the Dow in the next 25 years. According to the CNBC personality, in 25 years, names like Amazon.com, Inc. (NASDAQ:AMZN) may be included in the Dow in the retail side. Celgene Corporation (NASDAQ:CELG) was also named as a possible entry. Chu…
GoPro Inc (NASDAQ:GPRO) is overpriced even though it is currently in a sweet spot, Jim Cramer said in a recent discussion on CNBC’s Squawk on the Street. Cramer saying GoPro Inc (NASDAQ:GPRO) is overpriced comes after the company made its debut in the stock market last week. After its initial public offering, it was said that the company’s IPO is oversubscribed. According to Cramer, one of the things he has learned with GoPro Inc (NASDAQ:GPRO) is that every day, there seems to be a new way to be able to make its products work for you. He said that for…
Micron Technology, Inc. (NASDAQ:MU) is still a good stock to buy right now if one asks CNBC’s Jim Cramer. In a recent discussion, he talked about how the DRAM industry is different this time and how this difference is affecting the semiconductors company. The comments about Micron Technology, Inc. (NASDAQ:MU) comes after what Carl Quintanilla described as recent doubts about the company. Quintanilla noted that there is news that Samsung will raise DRAM pricing in July which, he said, is a good thing for companies in the space. According to Cramer, he remembers the cycle in the DRAM industry in…
AT&T Inc. (NYSE:T) is selling its stake in America Movil SAB de CV (ADR) (NYSE:AMX) because of a conflict of interest, Bloomberg’s Crayton Harrison said in an interview with Betty Liu. The explanation comes after AT&T Inc. (NYSE:T) divulged on Friday that it is selling its stake in America Movil SAB de CV (ADR) (NYSE:AMX) to Carlos Slim Helú, the biggest stakeholder of the company. The stake is valued at $5.6 billion. According to Harrison, the AT&T Inc. (NYSE:T) move is to protect its bid to acquire DIRECTV (NASDAQ:DTV) in a $48.5 billion deal. America Movil SAB de CV (ADR)…
LinkedIn Corp (NYSE:LNKD) cofounder Reid Hoffman revealed in an interview on Bloomberg Television why he still calls Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk from time to time. The comment from the LinkedIn Corp (NYSE:LNKD) cofounder comes as he discussed the so-called “PayPal Mafia”. Explaining what this “mafia” is, the Hoffman said: “PayPal collected a whole bunch of people who were young and intense and were entrepreneurial themselves. And then, all of a sudden, it was bought by eBay. So a bunch of these folks were like, ‘Okay, well what do I do next?’ And so, you know, Chad [Hurley]…