Netflix, Inc. (NASDAQ:NFLX) is “untradeable” and Verizon Communications Inc. (NYSE:VZ) “interesting,” CNBC’s Dan Nathan said in a recent discussion with the Fast Money team. Nathan, co-founder and editor of RiskReversal.com and CNBC contributor, was talking to colleagues Karen Finerman, Metropolitan Capital Advisors, Inc. president and cofounder, and host Melissa Lee when he made the comment. The panel was discussing the current spat Netflix, Inc. (NASDAQ:NFLX) and Verizon Communications Inc. (NYSE:VZ) are in following an error message broadcast by the content distributor to its customers saying, “The Verizon network is crowded right now. Adjusting video for smoother playback…” Verizon Communications Inc.…
Author: Solon Harmony B. Dolor
As Microsoft Corporation (NASDAQ:MSFT) was recently upgraded to Outperform by FBR Capital Markets, Daniel Ives explained, in an interview with CNBC, his firm’s renewed confidence in the software giant. FBR recently raised its target price for shares in Microsoft Corporation (NASDAQ:MSFT) from $43 to $49. The upgrade comes after this firm rated the stock Market-Perform for the last three years. Host Melissa Lee started the discussion by asking Ives what his firm sees in Microsoft Corporation (NASDAQ:MSFT) CEO Satya Nadella and his plans about cloud computing that indicate the company graining traction in this particular field. Ives told Lee that…
Apple Inc. (NASDAQ:AAPL) has made a big announcement with HomeKit at the Worldwide Developers Conference (WWDC) and it paves the way for a battle against Google Inc (NASDAQ:GOOGL) for the automated home, Colin McKerracher told Bloomberg in a recent discussion. According to the BNEF senior analyst, the arrival of HomeKit, a new platform for the automated home, from Apple Inc. (NASDAQ:AAPL) “is big news in the connected home world.” The analyst said that what the Cupertino, California-based giant is doing is making a play at owning the whole home ecosystem. The team at Bloomberg then implied that this is the industry…
Bank of America Corp (NYSE:BAC), PepsiCo, Inc. (NYSE:PEP) and Pfizer Inc. (NYSE:PFE) were called out in a new report about U.S. companies with massive holdings in tax havens, Squawk Box’s Eamon Javers reported on CNBC. According to a new report from the groups Citizens for Tax Justice and U.S. Public Interest Research Group (PIRG): “Many large, U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens – countries with minimal or no taxes.” Javers said that the report reveals that 72% of Fortune 500 companies,…
Netflix, Inc. (NASDAQ:NFLX) is dabbling in the political. According to analyst Richard Greenfield in a recent interview with CNBC, it’s no accident Washington, D.C. customers were shown the error message the company sent out about Verizon Communications Inc. (NYSE:VZ). Netflix, Inc. (NASDAQ:NFLX) recently showed customers a message that said, “The Verizon network is crowded right now. Adjusting video for smoother playback…” According to some observers, the error message is clearly passive-aggressive. In the interview with CNBC, Greenfield, a media and tech analyst at BTIG, said that this was done by Netflix, Inc. (NASDAQ:NFLX) as a political move. He explained: “I…
Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk may be contemplating doing something “fairly controversial” and the CNBC team discussed what this could be. Musk made the revelation during the latest annual shareholder’s meeting of the company and industry observers say that he may be thinking of opening up some of the company’s patents. USA TODAY’s Chris Woodyard said that the Tesla Motors Inc (NASDAQ:TSLA) CEO hints of doing this to maybe foster the electric car industry and maybe even help competitors. However, Musk is said to be carefully pondering this move before he sets it into play. CNBC’s Tyler Mathisen,…
eBay Inc (NASDAQ:EBAY) CEO John Donahoe has told CNBC’s Andrew Ross Sorkin that he thinks bitcoins have a place in the future. According to Sorkin, the eBay Inc (NASDAQ:EBAY) CEO has hinted “quite heavily” that his company may soon accept the digital currency as an authorized currency for their site. Sorkin is quoted as saying: “I think there’s no doubt [that] digital currency is going to play an important role going forward. At PayPal, we’re going to have to integrate digital currencies into our wallet.” Asked directly how soon PayPal may adapt the use of bitcoins, Donahoe did not commit…
Facebook Inc (NASDAQ:FB) and Twitter Inc (NYSE:TWTR) can’t do business in China, Brian Wieser told Bloomberg in a recent interview. At the start of the interview, Wieser, senior research analyst for Pivotal Research Group, a company which looks at advertising and technology firms in China, was asked about his mention of WPP plc (NASDAQ:WPPGY) operating in the country. He said that the company was very bold in that, just after three years of it being transformed into the advertising giant that it is now, it held its first board meeting in China recently after the Tiananmen Square protests and massacre.…
LinkedIn Corp (NYSE:LNKD) CEO Jeff Weiner spoke with Squawk Box’s Andrew Ross Sorkin and discussed his prospects in China. Sorkin opened the segment by mentioning China’s strict internet policies and how the country recently confirmed that they are blocking traffic to some services. For example, people had difficulties accessing Google Inc (NASDAQ:GOOGL) services in the country as the anniversary of the Tiananmen Square massacre loomed. State media have also called companies like Facebook Inc (NASDAQ:FB) as threats to the country’s cyber-security. How is LinkedIn Corp (NYSE:LNKD) doing as they have decided to pursue business in China in contrast to companies…
Microsoft Corporation (NASDAQ:MSFT) has its mojo back, said Guy Adami as the Fast Money team at CNBC discussed how the announcements made by Apple Inc. (NASDAQ:AAPL) at the Worldwide Developers Conference (WWDC) has affected the technology industry. Host Melissa Lee started the discussion by saying that Apple Inc. (NASDAQ:AAPL) was trading higher after its revelations at the WWDC. Later on during the discussion, Lee brought up an opinion piece by Computerworld’s Preston Gralla in which he said that “Microsoft has got the mojo these days, and Apple is looking old and stale.” He said that what the iPhone-maker revealed in…
Dan Nathan and Brian Kelly explained why they think it is time to either buy or sell Facebook Inc (NASDAQ:FB) and Microsoft Corporation (NASDAQ:MSFT) stock to the team at CNBC’s Fast Money. Discussing his recommendation in the Final Trade segment of the show, Dan Nathan recommends selling Facebook Inc (NASDAQ:FB). According to Nathan, who does not have a position on the company, it’s time for the people who have seen the gains the stock has had from the $50s of last year to take these gains. The CNBC contributor and co-founder and editor of RiskReversal.com added that he sees Facebook…
It’s time to buy General Motors Company (NYSE:GM), suggested Mad Money host Jim Cramer during his program. “Guess who had the best may in 7 years?” Cramer asked at the start of his analysis. “That’s right. This morning, General Motors reported May sales that were way ahead of Wall Street’s expectations, up 12.6%, retail sales increasing by 9.7%. When you consider the relentless drumbeat of negative news about General Motors Company (NYSE:GM), with millions upon millions of cars being recalled, these sales numbers are both eye-popping and eye-numbing.” According to Cramer, all four brands of General Motors Company (NYSE:GM) performed…