Last week, shares of Axovant (NYSE:AXON) rose almost 50% on the news that Dr. David Hung, former President and CEO of Medivation, was appointed as Axovant’s new CEO. Dr. Hung rose to prominence not only for founding Medivation, but also for overseeing the company through to its $14 billion acquisition by Pfizer last year. This move likely has investors thinking Axovant may be about to meet....More>>>
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Another financial-sector company is fighting to keep its name secret as it challenges the power of the Consumer Financial Protection Bureau to bring an enforcement action.
The company—identified only as “John Doe” in Washington federal....More>>>
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Stocks finished down but well off their worst levels following China’s dismal data.
The S&P 500 fell 0.3% to 2,132.55 today, while the Dow Jones Industrial Average declined 45.26 points, or 0.3%, to 18,098.94. The Nasdaq Composite dropped 0.5% to 5,213.33. The S&P 500 traded down as much as 1.1%, while the Dow Industrials traded off as much as 154.25 points,....More>>>
Qualcomm Inc. (NASDAQ: QCOM) reported second fiscal quarter 2017 results after markets closed on Wednesday. The chipmaker posted adjusted diluted earnings per share (EPS) of $1.34 and adjusted revenues of $6 billion. In the second quarter of 2016, Qualcomm reported EPS of $1.04 on revenues of $5.55 billion. The consensus analysts’ estimates called for EPS of $1.19 and $5.9 billion in revenue.
Dr. Kent Moors
In its recent 2018 budget, the Trump administration included a huge energy announcement.
While it went mostly under the radar, the budget included a proposal to sell half of the U.S. Strategic Petroleum Reserve (SPR) for some extra revenue.
Now, the SPR was originally established by Congress in 1975 after the 1973-74 Arab Oil Embargo wreaked havoc on America’s....More>>>
The main U.S. stock indexes closed marginally lower Monday for the third straight day of losses, as investors were reluctant to make big bets without major economic or corporate news.
In early trade, the Nasdaq Composite set an intraday all-time high, but settled within a few points of its previous closing record set earlier this month.
The S&P 500 index
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Advisors’ bonuses are not maintaining the same pace as industry profit growth, according to the New York State Comptroller’s office.
The latest results of the yearly survey find that....More>>>
Whole Foods Market (NASDAQ:WFM) has had a bad time on the market over the past couple of months, losing over 16% of its value on the back of a weak financial performance in its last reported quarter. But, in my opinion, the recent drop in Whole Foods’ shares is an opportunity to buy more of the stock since there are tangible improvements being witnessed across Whole Foods’ operations....More>>>
Small cap fiber-optic networking product Applied Optoelectronics (NASDAQ: AAOI), a potential peer of EMCORE Corporation (NASDAQ: EMKR), Finisar Corporation (NASDAQ: FNSR) and Oclaro Inc (NASDAQ: OCLR), is themostshorted stock on theNASDAQ with short interest of 62.65% according to Highshortnterest.com.
Applied Optoelectronics is a leading small cap developer and manufacturer of advanced optical....More>>>