The allure of the largest U.S. technology companies is understandable given significant returns last year, but their sheer size is the reason for their eventual downfall and long-term stock underperformance, according to Rob Arnott, founder of Research Affiliates.
MEXICO CITY — Mexico chalked up its 16th consecutive quarter of economic growth in the April-to-June period as strong services output compensated for sluggish industrial production.
Gross domestic product, a measure of output in goods and services, expanded 0.6% seasonally adjusted from the first quarter and was up 1.8% from a year before, the National Statistics Institute said Tuesday.
Rolls-Royce unveiled an all-new version of its very, very large Phantom ultra-luxury sedan on Thursday.
Unless you are an avid follower of Rolls-Royce, you might not immediately recognize that this is an entirely redesigned model. But as far as Rolls-Royce is concerned, the change it represents is as enormous as the car itself.
The new Phantom is a major shift in the way the British....More>>>
The only thing worse than analysts blowing a big call are analysts downgrading a stock after blowing the big call. That’s why I have to give grudging credit to Deutsche Bank’s Gregg Gilbert, who refused to downgrade Buy-rated Endo International (ENDP), despite last Friday’s disastrous guidance and 40% plunge. Gilbert explains why he’s standing by his Buy:
The Nasdaq Composite surged past the 6,000 level on Tuesday — hitting new highs for the first time since early March — in a gapped move higher representative of serious, panicked buying pressure
The surge puts a dramatic end to a quiet two-month downtrend as investors burned off some of their post-election ebullience in calm, controlled fashion. Concerns focused on a lack of legislative....More>>>
A smart operator will when he realizes things have not worked out, fold up his tent and move on before he is knocked out of the game for good. One disastrous restaurant venture can drag down an entire string of successful ones, as I have seen many times. – Anthony Bourdain
DineEquity (NYSE: DIN) franchises casual dining restaurants under the brands of Applebee’s....More>>>
On Wednesday, our Elite Opportunity Pronewsletter suggested a speculative entry intosmall cap Actionable Intelligence solutions stock Verint Systems (NASDAQ: VRNT):
Today’s new idea is one of those potential takeout candidates considering the need for large and mega-caps to continue growing their top and bottom lines via acquisition, and there’s clearly been plenty of that going....More>>>
Facebook (NASDAQ:FB) recently hired Hugo Barra, theformer international VP of Chinese smartphone giant Xiaomi, as its new virtual reality chief. The announcement came just a week after Barra abruptly left Xiaomi after heading itsoverseas expansion for three and half years.
Hugo Barra (L) and Mark Zuckerberg (R). Image source: Facebook.
Prior to joining Xiaomi, Barra was the VP of....More>>>