Bill Smead of Smead Capital Management was on CNBC’s Squawk box earlier today and he was asked about his favorite stock. eBay Inc (NASDAQ:EBAY) was one of his most favorite stocks and while discussing about the prices of the stocks today, he started referring to the note written by David Marcus to the eBay Inc (NASDAQ:EBAY) employees before he joined Facebook Inc (NASDAQ:FB).He was surprised by the note and this is what he said: “In a tech world if you work in a company for three years, they write a 30 year letter because they worked there for 3 years!…
Author: Viki K.
The top three stocks to look out for this week are Amazon.com, Inc. (NASDAQ:AMZN), Merck & Co., Inc. (NYSE:MRK) and Tyson Foods, Inc. (NYSE:TSN). Bloomberg’s reporters covering the top 10 stocks for Monday and these three stocks were at the top. Let’s take a look on the reasons behind these stocks being at the top: Amazon.com, Inc. (NASDAQ:AMZN) was on the third spot and the main reason was the new service it has launched to offer management of subscription payments for startups and other smaller companies. This would increase Amazon.com, Inc. (NASDAQ:AMZN)’s horizon as a middle man for third parties.…
Bill Ackman, founder and CEO of Pershing Square Capital Management was explaining his bets in Herbalife Ltd. (NYSE:HLF) and Valeant Pharmaceuticals Intl Inc (NYSE:VRX) and while explaining he also went in depth about his strategy. While talking about Herbalife Ltd. (NYSE:HLF), Ackman was asked about the ongoing FTC investigation and its impact. He said the FTC investigation might be significant because to launch a formal investigation, FTC usually watches for a period of 15 months It also needs a vote of commissioners and it needs a majority there. He also mentioned about the press reports of investigation launched by the…
Tesla Motors Inc (NASDAQ:TSLA) has a market cap of approx. $26 Billion currently and seems like it has laid down its plans for the coming six years. In addition, analysts feel that the company has a lot of potential to excel in the electric cars segment. George Galliers of ISI Global Automotive Team was on CNBC Squawk Box earlier today and he looked very confident about the potential of Tesla Motors Inc (NASDAQ:TSLA). He said that Tesla is targeting 20 million units by 2020 which would bring approximately $35 million in revenue just with the sales. He stated: “At the…
Now that the deal between Sprint Corporation (NYSE:S) and T-Mobile US Inc (NYSE:TMUS) has been finalized and the companies are moving ahead to finalize the strategies for the future, the election of the topmost and most important position, the CEO of the joint company is a very critical and important one. Looks like the companies have figured out the CEO of the joint company post the merger. Bloomberg’s Erik Schatzker was reporting on this last Friday and he said that John J. Legere who is currently the CEO of T-Mobile US Inc (NYSE:TMUS) might be the CEO of the joint…
The biggest gaining Russell 2000 stocks last week were Vanda Pharmaceuticals Inc. (NASDAQ:VNDA), InterDigital, Inc. (NASDAQ:IDCC) and Vince Holding Corp (NYSE:VNCE). In last week trading, these three companies posted nice gains in terms of stock price. In general the small cap index has gone up pretty well in the last one month. The overall raise in the small cap index in the past month was around 5%. CNBC’s Seema Mody was reporting the small cap gainers on Friday and she mentioned that the small cap index is staging a comeback specially the gainers like Vanda Pharmaceuticals Inc. (NASDAQ:VNDA), InterDigital, Inc.…
Apple Inc. (NASDAQ:AAPL) has split its share price and the price is around $92. It has started trading with the new price today. The company has taken care of its old investors though. The company has given each existing shareholder 6 additional shares for each share they help before June 2 2014. However, this is the fourth time Apple Inc. (NASDAQ:AAPL) has split the stock. Every time the company split the stock it has moved up and then sold off. Mark Newton of Greywolf Execution Partners was on CNBC Fast Money last Friday and he had some interesting analysis about this…
Amazon.com, Inc. (NASDAQ:AMZN) is coming up with a sweet surprise for its customers and its rumored to be a 3D display smartphone. It might create a rift in the smartphone market for sure and Ben Lerer, Managing director of Lerer Ventures was very excited about this smartphone of Amazon. Lerer was on the CNBC’s Halftime Report and he said he somehow missed the story. He felt that this rumored 3D smartphone might have potential to go head to head with Apple Inc. (NASDAQ:AAPL)’s iPhone. Lerer stated: “It’s going to be hard to totally throw Apple out of this game. The…
Apple Inc. (NASDAQ:AAPL) is really pushing hard to gain market share in China. Its focus on developers has increased and the company has raised its focus on the Chinese market. Rosalind Chin of Bloomberg was reporting on how World No.2 brand is trying to entice the developers to develop apps for the iPhone. According to Chin, the main reason behind Apple Inc. (NASDAQ:AAPL) trying to lure developers is that Apple is currently the fifth in terms of market share standing behind companies like Samsung, Lenovo and Xioami. Apple wants to increase its share and the only way Apple can do…
Shareholder Advocacy Group As You Sow’s CEO Andrew Behar was on CNBC’s Street Signs last night and he explained the reason why his group is calling for an investigation to look into the risks of using nano materials in Dunkin Brands Group Inc (NASDAQ:DNKN)’s subsidiary Dunkin Donuts products. As you Sow created a poll on if the investigation should be carried out to identify the risks involved in using nano materials used to coat the donuts. Behar also cleared how the shareholders resolutions work. He stated: “The way that Shareholder resolutions go, they are non-binding. So even if you get…
Its official now that Sprint Corporation (NYSE:S) and T-Mobile US Inc (NYSE:TMUS) have now finalized the terms for the deal. This deal is very important strategically for the Japanese Telecom company Softbank. This deal might bring some good news to Softbank as its voice revenues started to decline recently. Marc Einstein of Frost & Sullivan was on CNBC early today and he too felt that the deal might bring good news for the Japanese Telecom company. Einstein began the conversation mentioning that the deal between Sprint Corporation (NYSE:S) and T-Mobile US Inc (NYSE:TMUS) is so important and mission critical for…
The idea of Monday morning quarterbacking has been around for as long as the stock market has been around. CNBC’s Dominic Chu have taken a look at how much money you would have made if you invested $10,000 in the following biggest, well-known companies in America before the end of the crisis, which is known as the beginning of the bullish period: Wyndham Worldwide Corporation (NYSE:WYN), Regeneron Pharmaceuticals Inc (NASDAQ:REGN), General Growth Properties Inc (NYSE:GGP), If you would have invested in the hotel company Wyndham Worldwide Corporation (NYSE:WYN), you would have been sitting pretty with $241,000 and there is no looking back at all. The returns keep…