Jim Cramer discussed in a recent Mad Money segment whether Micron Technology, Inc.’s (NASDAQ:MU) current run is different from its cyclic highs and lows in the past. The discussion was prompted by the recent upgrade by Bank of America Corp (NYSE:BAC) of Micron Technology, Inc. (NASDAQ:MU) from Underperform all the way to Buy. In the report that was published on Wednesday, analyst Simon Woo also raised the price target for the stock from $22 to $40. The bank noted in its report though the stock has “strongly” moved up (33% YTD), they see further upside because of the solid chip…
Author: Solon Harmony B. Dolor
Google Inc (NASDAQ:GOOGL) recently announced that they have agreed to buy Skybox Imaging for $500 million and the deal is not just about using satellites for mapping, David Cowan said in a recent interview on Squawk on the Street. According to Cowan who is a managing partner at Bessemer Venture Partners, the satellites purchased by Google Inc (NASDAQ:GOOGL) as part of the Skybox deal carry geospatial imaging sensors which take pictures and high-definition movies of the Earth. He added that the search and advertising giant will likely take advantage of the ability of their newly-purchased company to take pictures and…
Visa Inc (NYSE:V) Chief Brand Officer Antonio Lucio explained in a recent interview with CNBC why the company chose to feature Nobel Laureates in an advertisement for the 2014 FIFA World Cup. According to the Visa Inc (NYSE:V) executive, the ad shows the beauty of sports and particularly football. He said that people are united in the passion for football and the rivalries which are inherent parts of the game. He explained: “We thought, that in a moment where everybody is featuring athletes and friends, we had a chance to have Nobel Laureates actually expressing their passion for football showing…
Synaptics, Incorporated (NASDAQ:SYNA) President and CEO Rick Bergman discussed the effects of its acquisition of Renesas SP Drivers Inc., particularly in relation to Apple Inc. (NASDAQ:AAPL), in an interview with CNBC’s Fast Money. The interview comes after the company agreed to buy Renesas SP for $475 million. Renesas SP, a joint venture established by Renesas Electronics, Sharp Corporation and Powerchip Group in April 2008, is the sole supplier of Apple Inc. (NASDAQ:AAPL) iPhone display chips. The executive was asked by Melissa Lee about the effects of their goal to make a single chip that integrates Synaptics, Incorporated (NASDAQ:SYNA) technology and…
Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk expressed how confident he is about the safety of the Dragon spacecraft made by his other company, Space Exploration Technologies Corporation (SpaceX), in an interview with Bloomberg Television. Asked by Peter Cook how safe the Dragon is, the Tesla Motors Inc (NASDAQ:TSLA) boss noted that they have made the Dragon as safe as they can. SpaceX, which Musk founded, is hoping to be the company to supply spacecraft that will be used by NASA and other space agencies to go on missions including those to the International Space Station. The Tesla Motors Inc…
3D Systems Corporation (NYSE:DDD) looks interesting at the moment but not enough to be bought, Steven Grasso remarked in a recent Fast Money discussion. Meanwhile, Fast Money’s Dan Nathan said that people may want to hold off on buying the stock until it reaches a lower price. The opinion concurs with Grasso’s who explained: “I said interesting, I didn’t say I was going to go out and buy it. I want to see how it reacts a little bit here. It’s bouncing along a level here where I think it’s got a hold of the 47 and 3/4. That’s what…
RadioShack Corporation (NYSE:RSH) is basically going to go out of business, Scott Tilghman told CNBC in a recent interview. The comment comes from the B. Riley & Co LLC senior analyst after he put a price target of $0 on RadioShack Corporation (NYSE:RSH). The analyst told CNBC: “As we look at the various fundamentals, the challenges [the company is facing], the competitive environment, and what they are trying to do to turn this around, we really think that the downside is probably to $0. It just doesn’t look like this company is going to be able to make it out…
Tesla Motors Inc (NASDAQ:TSLA) is going to build their battery plant in The Biggest Little City in the World, Reno, Nevada Mayor Bob Cashell confidently told CNBC in a recent discussion. The comment comes as the Nevada city is battling it out with San Antonio, Texas to become the host of a new Tesla Motors Inc (NASDAQ:TSLA) battery facility. Asked how the mayor plans to beat San Antonio and attract the building of the new facility, he initially said in jest that he has to feel sorry for the city because he grew up in Texas. However, he added, “but…
Hewlett-Packard Company’s (NYSE:HPQ) Chief Technology Officer Martin Fink discussed how excited HP is about what they call “The Machine” in an interview with CNBC. According to the executive who is also an executive vice president at the company, the team at Hewlett-Packard Company (NYSE:HPQ) is “extremely excited” about telling the world what “The Machine” is all about. He told CNBC that the project is an extremely ambitious effort to re-architect how the company has been building computers for the first time in decades. The aim of the project is to make computers that deliver better performance while consuming dramatically lower…
Amazon.com, Inc. (NASDAQ:AMZN) is making headlines today as the company has been upgraded to Buy by Goldman Sachs and is reported to be refusing preorders for content produced by Time Warner Inc (NYSE:TWX), Jim Cramer and David Faber discussed on CNBC. According to Faber, Goldman Sachs has upgraded Amazon.com, Inc. (NASDAQ:AMZN) because of its extremely favorable risk/reward profile. Analyst Heath Terry has also placed a price target of $400 on the stock of the internet commerce giant. In a later part of the discussion, the duo also mentioned that the upgrade to Amazon is partly because it has the best…
3D Systems Corporation (NYSE:DDD) is looking to materials, medical applications and metals for its future growth, the company’s President and CEO Avi Reichental told Melissa Lee in a discussion on CNBC. Asked whether 3D Systems Corporation (NYSE:DDD) will be able to keep up with the raised gross targets the company announced, Reichental appeared to be confident in his company’s ability to do so. He noted that they raised their revenue target while keeping EPS the same because of the company adding more shares after an equity raise. The company’s latest guidance is EPS of $0.73-$0.85 compared to $0.81 estimate, revenue…
Apple Inc.’s (NASDAQ:AAPL) next iPhone will not be devoid of the all-too-familiar 3.5mm audio jack, Jon Fortt and Jordan Kahn said in a recent discussion on CNBC. The Closing Bell team was discussing the news that Apple Inc. (NASDAQ:AAPL) discussed a new Lightning module for audio at their recent Worldwide Developers Conference. Because of the introduction of the headphone standard, the tech community has been abuzz about the iPhone-maker possibly ditching the 3.5mm audio jack in their next iPhone in favor of connecting headphones via the Lightning port. Fortt was asked whether this development, if ever it happens, will mean…