Watching Netflix perform the way it has this year has been just crazy! The stock has more than doubled in price since January.
Facebook generated excitement last week when its earnings release showed growth in mobile ad revenue and got investors excited that its mobile strategy is starting to pay off.
“The migration from desktop to mobile looked like a threat a year ago,” Kevin Landis, CIO of Firsthand Funds, told CNBC. “Now it looks like it plays to their advantage, particularly when you bring in the idea of new Facebook Home.”
With more than 1 billion people already socializing and few competitors, Facebook can build something “really awesome,” Landis said.
(Read More: Facebook ‘Isn’t Cool,’ and That’s Actually OK )
But in the Internet space, Facebook stock still isn’t Wall Street analysts’ favorite name. RBC Capital Markets analyst Mark Mahaney, who has said “mobile monetization at Facebook can work,” calls the stock just a “small buy.”
Ken Sena of Evercore Partners also believes Facebook looks expensive. “Facebook increasingly seems to be a media and communications platform,” he said. “What most investors bought into was somewhat of a marketplace.”
Sena prefers Google.
Microsoft ‘Keeps Coming’ Read the rest of this entry »
Is WhereverTV (TVTV) the next Netflix?
04/30/2013 -Stocks rose moderately on Tuesday, with the S&P 500 ending at another all-time closing high on a jump in Apple and encouraging economic data.
The benchmark index hit a new intraday high in the last minutes of trading, following a session that was largely marked by slight moves as investors found few reasons to extend recent gains.
Technology shares led the day’s advance, contributing to the Nasdaq’s sharp gain.
Encouraging data on home prices and consumer confidence added to the day’s positive tone, though a decline in regional business activity underlined the growth concerns that remain.
“Even though the overall backdrop isn’t overly positive, the market has a strong underlying bid, where it wants to go up on earnings and the Federal Reserve having our back with policy,” said Michael Mullaney, chief investment officer of Fiduciary Trust Co in Boston.
Apple (AAPL.O) rose 2.9 percent to $442.78 after coming to market with the largest non-bank bond sale in history as it seeks funding to return cash to shareholders. The tech giant has been one of the biggest drags on the S&P 500 this year, falling nearly 17 percent in 2013.
U.S. home prices rose in February at their fastest rate in almost seven years while consumer confidence rebounded in April. However, business activity in the U.S. Midwest unexpectedly contracted in April to its lowest level since September 2009.
The S&P 500 closed out its sixth straight month of gains, its longest winning streak since September 2009, as investors used any pullback as a buying opportunity.
“There’s more good news than bad news, and the bad news isn’t enough to disrupt the uptrend we’ve been in,” said Steve Sosnick, equity-risk manager at Timber Hill/Interactive Brokers Group in Greenwich, Connecticut.
About 6.55 billion shares changed hands on the New York Stock Exchange, the Nasdaq and NYSE MKT, above the daily average so far this year of about 6.36 billion shares.
The Dow Jones industrial average (.DJI) gained 21.05 points, or 0.14 percent, to 14,839.80 at the close. The Standard & Poor’s 500 Index (.SPX) rose 3.96 points, or 0.25 percent, to 1,597.57. The Nasdaq Composite Index (.IXIC) gained 21.77 points, or 0.66 percent, to close at 3,328.79.
Equities continue to draw support from expectations that central banks will maintain low interest rates and other economic stimulus measures. A statement from the Federal Reserve due Wednesday is expected to keep in place the central bank’s pace of bond buying to stimulate the economy. Read the rest of this entry »
Watch List for Wednesday 5-1-2013
TTHI – New 52-wk High
Transition Therapeutics Inc. engages in developing therapeutics for various disease indications primarily in Canada.
PTIE – Volume Alert
Pain Therapeutics, Inc. develops novel medicines.
DRRX – Volume Alert
DURECT Corporation’s mission is to develop therapies that will improve the quality of life for patients with chronic diseases and other medical conditions.
Immunotech Laboratories (IMMB) Drug Development Company
04/26/2013 – Asian shares steadied on Friday, tracking global equities higher after upbeat U.S. labor market data, with investors turning their attention toward corporate earnings to assess the outlook for growth after a recent run of soft global data undermined sentiment.
MSCI’s broadest index of Asia-Pacific shares outside Japan.MIAPJ0000PUS was little changed, after reaching its highest since mid-March on Thursday.
Europe’s top shares rose for the fifth straight session on Thursday, underpinned by expectations of a rate cut by the European Central Bank at its meeting next week, but the euro hovered near a three-week low of $1.2954, easing 0.1 percent to $1.3002 early in Asia on Friday.
The U.S. government reported on Thursday that new claims for jobless benefits fell more than expected, providing some relief to investors after a recent series of weak data. The labor market report comes ahead of the Federal Reserve’s policy-making meeting next Tuesday and Wednesday, as well as the closely watched monthly payrolls report for April on May 3.
Japan’s Nikkei stock average .N225 opened up 0.4 percent after hitting its highest since June 2008 on Thursday. Japanese financial markets will be closed on Monday for a holiday. .T
“It’s ahead of a long weekend and we have U.S. GDP and Japanese earnings. So a lot of investors may want to wait for them before buying more,” said Masayuki Doshida, senior market analyst at Rakuten Securities, of Japanese stocks.
Although it is still early in the quarterly reporting season, only two out of the 16 Nikkei companies that have reported so far beat market expectations, data from Thomson Reuters StarMine showed.
Overnight U.S. S&P 500 .INX rose 0.4 percent, driven by stronger-than-expected earnings and the large drop in weekly jobless claims. Read the rest of this entry »
Watch List for Friday 4-26-2013
GGS – Volume Alert
Global Geophysical Services, Inc., together with its subsidiaries, provides an integrated suite of seismic data solutions to the oil and gas industry worldwide.
MPG – News
MPG Office Trust, Inc. enters into agreement to be acquired by an affiliate of Brookfield Office Properties Inc.
RBY – Breakout
Rubicon Minerals Corporation engages in the acquisition, exploration, and development of gold and base-metal properties in Canada and the United States.
With the WhereverTV App, subscribers to GreekTV, ArabicTV and 2M Maroc now have the freedom to watch live programming portably on Apple devices, while providing yet another option in delivering content to TV sets through AirPlay (http://www.apple.com/airplay/) and AppleTV (http://www.apple.com/appletv/ ). The WhereverTV App also features a channel guide that allows users to simultaneously browse and change channels while watching television.
What is the next major social and technology trend? LIVE Internet TV!
- Internet TV is approx. 65% cheaper than Cable/Satellite TV
- Of the 20 most hated companies in America 5 are Cable & Satellite TV providers
- The Internet infrastructure is robust and available worldwide*
- Hulu and NetFlix are multimillion-dollar companies already capitalizing on NON-LIVE content
- There are 6 B cell phone subscribers worldwide
- TVs, Smart-phones, and Gaming Consoles are now being manufactured with Internet capability built in.
TVTV is the next generation subscription television service, providing consumers with programming identical to existing cable & satellite providers. WhereverTV delivers the same channels and events via an over the top (OTT) service platform to single-family, multi-family, high-rises and businesses throughout North America.
PSC Disclosures/Disclaimers: http://www.pennystockcrowd.com/disclaimer/
Stocks edged lower on Monday, asearnings from Caterpillar, Halliburton and other major companies pointed to more volatile trading ahead.
General Electric (GE.N), down 2.1 percent to $21.29 and McDonald’s Corp (MCD.N), off 1.2 percent to $98.66, extended losses from Friday after posting lackluster earnings. Both stocks were declining for the fourth straight day.
Wall Street is coming off a week of extreme volatility, with the CBOE Volatility index .VIX jumping 24 percent, the biggest weekly gain for the so-called fear index this year. The index was up 2.5 percent on Monday.
The swings were largely driven by weak corporate earnings and signs of slowing growth from China, which led to a steep drop in commodity prices. The week’s decline fueled talk that the market’s long anticipated pullback had arrived, though the S&P remains up nearly 9 percent on the year.