Bill Miller of Legg Mason’s Opportunity trust, and widely known as a housing bull, was on Bloomberg’s “The Pulse” and he was discussing his investment recommendations. Miller has always been Bullish about housing stocks and some of his favorite stocks on the home builder sector have been PulteGroup, Inc. (NYSE:PHM) and Lennar Corporation (NYSE:LEN). When Miller was asked about the big bets he placed on the housing markets particularly PulteGroup, Inc. (NYSE:PHM) and Lennar Corporation (NYSE:LEN) which are his biggest investments in the housing and mortgage sector, he was pretty confident about his bets. He was also asked about Jeffery…
Author: Viki K.
Andrew Ross Sorkin was reporting on a recent interview with Marc Andreessen, co-founder of Andreessen Horowitz about the recent Beats deal and here is what Andreessen feels about Apple Inc. (NASDAQ:AAPL)’s Beats deal: “I think well, I mean early signs are very positive which is first, the word of mouth coming from inside the company is pretty strong, which is usually a pretty good sign. “ He said that though the announcements at the WWDC 2014 were majorly software, but they were very impressive announcements. He also stated that it was funny that both Apple Inc. (NASDAQ:AAPL) and Google Inc…
Uber’s valuation is projected at $17 billion and its CEO Travis Kalanick says that his company might fetch a record valuation, a lot more than Alcoa Inc (NYSE:AA), Chipotle Mexican Grill, Inc. (NYSE:CMG) and Consolidated Edison, Inc. (NYSE:ED). Sarah Frier of Bloomberg was surprised by this, stating: “Airbnb and Dropbox, both startups that just raised at $10 Billion valuations. There has been more venture capital financing in the first quarter of this year than there was since 2001. So we are close to bubble levels with that. “ She said that Uber wants to stake its claim of being a…
Sprint Corporation (NYSE:S) and T-Mobile US Inc (NYSE:TMUS) have finally have zeroed down all the terms and conditions for the merger and this would put T-Mobile’s value at around $40 per share. Kevin Smithen, an analyst from Macquarie Securities was at the CNBC Squawk Box earlier today and he was analyzing what the deal might mean to the Telecom industry. Smithen stated about the possibilities for Sprint from the deal: “Sprint can open up its network to mvno partners. You know Amazon is launching a new phone as you’ve reported. We think they could be potentially interested in MVNO to…
Cisco Systems, Inc. (NASDAQ:CSCO) and Intel Corporation (NASDAQ:INTC) are the two most popular tech stocks for HFT. CNBC’s finance editor Jeff Cox was discussing about the stocks popular for HFT and he stated: “High frequency traders actually look for stocks that are heavily traded, they are often household names, they are names that are held in many mutual funds and index funds” Jeff also said that people usually mix up Momentum traders and High Frequency traders. Momentum traders’ looks for weak, but quickly moving stocks or the high flier stocks and high frequency traders look for stocks that are cheap…
Yahoo! Inc. (NASDAQ:YHOO) as we know has a stake in Alibaba and the upcoming Initial Public Offering has become very important for the company. Alibaba was rumored to conduct its IPO in August, as eight is considered to be a lucky number in China. Chinese prefer things of the most importance and value to be connected to the number eight somehow. Chinese believe that this number adds prosperity and good luck. As rumored, Alibaba is indeed targeting August 8 for its IPO. This date might sound familiar as the Beijing Olympics also started on August 8. Leslie Picker of Bloomberg reported on this earlier…
The most awaited WWDC has begun and this was different to a lot of previous conferences. Here Apple Inc. (NASDAQ:AAPL) focused more on introducing new services and applications rather than hardware. So though it might be beneficial to the end user and excite the existing users, the WWDC 2014 won’t actually entice the investors as it doesn’t look like the announcements will generate huge revenue in terms of new hardware purchases. Earlier today Dan Niles of Alphaone Capital Partners was asked what Apple Inc. (NASDAQ:AAPL)’s WWDC had in store on CNBC’s Squawk alley and he stated “From and investor point of…
The most expected event for Apple Inc. (NASDAQ:AAPL) fans, WWDC is on the way and the event looks like the most ambitious event by the No.2 brand in the world. Apple has a lot to prove as it recently slid from No.1 to No.2 brand and hence this was expected. When Gene Munster of Piper Jaffray Companies (NYSE:PJC) was asked on CNBC Fast Money about the announcements made by Apple Inc. (NASDAQ:AAPL) in the WWDC and if the price target is going to go higher, he stated “We just inched it up to $730 last Friday so we are up…
Google Inc. (NASDAQ:GOOGL) updated its search engine algorithm with Panda 4.0, its May 20 release. This update aims at filtering spam and junk content. Generally, the best content gets displayed on the first page of the search results. But this update ensures that more of quality data makes it to the top results. The effect of this update has been under scrutiny for quite some time, and the effect it has on the press releases is too big to go unnoticed. This is bound to affect Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.B)’s subsidiary BusinessWire. Many top Press Release sites have…
Google Inc. (NASDAQ:GOOG) has complied with the European Union’s highest judicial court’s orders, bringing forth a new form of censorship of private information, never before seen in any search engine’s history. Caroline Hyde a reported on Bloomberg Television, during the “Countdown,” stated: “Basically on one side, they have got to balance the right of privacy of the individual, versus the right of public information; the right of transparency, and with humans based in Google, they are going to have to weigh up.” She then goes on to elaborate about the new mechanism which Google Inc. (NASDAQ:GOOG) has come up with to remove old,…
Twitter Inc (NYSE:TWTR)’s stock received a small push recently on the back on the news about a recent mobile ad deal. In a recent intervention on CNBC, two experts provided their insights on Twitter and its social network peer, Facebook Inc (NASDAQ:FB), comparing this two companies and stating why they like each of them. Bob Peck, SunTrust Robinson Humphrey internet analyst, was asked about his company’s recent upgrade on Twitter Inc (NYSE:TWTR). SunTrust’s current target price for Twitter stands at $45 per share, while for Facebook, the target is $72, the rating for both stocks standing at ‘Buy.’ “What is think so great…
Intel Corporation (NASDAQ:INTC) is all set to plunge into the wearable section of digital advanced technology. The company is coming up with wearable shirts that have sensors which monitor heart rate and other critical aspects of the person wearing those. Intel Corporation (NASDAQ:INTC)’s Mike Bell said in an interview with re/code: “This may be our first foray into fashion. This shirt has smart, connected fibers embedded in it that can tell you things about your heart rate while you exercise or do whatever you do while you are wearing this shirt” When asked about details about the shirt, Bell said:…