In the last few weeks, we have seen two high profile unicorns file for initial public offerings. The first out of the gate was Dropbox (Pending:DBX), a storage solution for a world where gigabyte files are the rule rather than the exception, with a filing on February 23. Following close after, on February 28, Spotify (Pending:SPOT), positioning itself as the music streaming analog to Netflix (NASDAQ:NFLX),....More>>>
Most investors have neither the time nor inclination to listen to a company’s earnings call. I, however, have no girlfriend so what else do I have to do? All jokes aside, I intend on evaluating the current state of the business and how that impacts the future. There were many positives and uncertainties that Dick’s (DKS) faces going forward. So sit back, grab some popcorn,....More>>>
2016 was a surprising year… It was the eighth year of this bull market. But that didn't slow things down. U.S. stocks jumped 12%. Oil prices soared by 45%. And gold had a wild ride, eventually ending the year up 9%. With all that happening, you might have missed the major boom that happened in our neighbor to the north… Canada. Canadian stocks had a fantastic....More>>>
No good deed goes unpunished, as the saying goes. On first impression, that’s what happened to Dr. Robert McClendon, a Texas physician. He lent $100,000 to a business to cover its payroll. And then he got hit with a $4.3 million IRS penalty for the company’s payroll taxes, a penalty that was just upheld in court. But, as often happens with taxes, the situation is more complex. The....More>>>
When her autistic son, Gregory, was nearing 18, Kathy Hebert made a call to her longtime brokerage firm for financial advice related to his special needs and hung up in tears. They just didnt get it. Then, she made a cold call to Bank of America Merrill Lynch financial advisor Daniel Cutter who helped Hebert and her husband figure out the special needs puzzle, with the handholding required. These....More>>>
Spotify just added a new platform for its streaming services ahead of the Spotify IPO date…
According to an Aug. 4 TechCrunchreport, Microsoft Corp. (Nasdaq: MSFT) will add a Spotify app to the new Xbox One X, slated to debut this November.
Spotify has been available on rival PlayStation 4 since 2015, so why has it taken so long for Microsoft to add an app for the streaming....More>>>
Small cap Internet radio stockPandora Media Inc (NYSE: P) reported Q2 2017 earnings after the Monday market close with revenue better than expected, but the Company trimmed its revenue forecast which sent shares down in after hours trading. Total consolidated revenuegrew 10% to$376.8 million as advertising revenuegrew 5% to$278.2 million (advertising growth was enabled by improvements in....More>>>
Daniel Packer, a 29-year-old data analyst at an online advertising agency in Los Angeles, knows more responsibilities will stack up as he hits the big 3-0 this summer, so hes been religiously stashing away money in his retirement accounts the last few years.
Retirement is a long ways away for him, he says at least 30 years but saving money early on means not worrying about putting away....More>>>
CFRA’s Stewart Glickman explains why he downgraded shares of ExxonMobil (XOM) to Hold from Buy ahead of its earnings release before tomorrow’s market open:
Agence France-Presse/Getty Images
Shares are up 12% YTD despite what we view as deteriorating refining fundamentals and mediocre upstream prospects. Ahead of tomorrow’s Q3 call, we cut our ’16 EPS....More>>>
Investment company Wintergreen Fund buys Lotte Confectionery Co, LiLAC Group, sells Altria Group, The Swatch Group AG, JC Decaux SA during the 3-months ended 2016-12-31, according to the most recent filings of the investment company, Wintergreen Fund. As of 2016-12-31, Wintergreen Fund owns 25 stocks with a total value of $407 million. These are the details of the buys and sells.