Arean van Veelen (left) and Nick Huzar (right) are the co-founders of OfferUp. (Photo Credit: OfferUp)
At the 2013 White House Correspondents Dinner, Conan O’Brien quipped that Matt Drudge, founder of the Drudge Report, was not in attendance because “he had a prior commitment to teach a web design class in 1997.”
Successful minimalist websites are a rarity, but Drudge Report (which generates more than 750 million page views per month) and Craigslist are two that have bucked the trend.
Founded in 1995 by Craig Newmark, Craigslist is the local classified advertisements website that generates over 50 billion page views per month – all without an iOS or Android app.
For years, Craigslist has been the go-to website to buy and sell used items online. Until now.
stock value: iShares MSCI EAFE (EFA)
- [By WWW.MONEYSHOW.COM]
Meanwhile, international stocks look better than U.S. stocks. The iShares MSCI EAFE Index Fund (EFA) is an ETF that offers international exposure to developed countries in Western Europe, Japan and Australia.
stock value: Smithfield Foods Inc.(SFD)
- [By John Udovich]
Thanksgiving is almost here but the exit of both Pilgrim’s Pride Corporation (NYSE: PPC) and Smithfield Foods (NYSE: SFD) to focus on their chicken or pork businesses (the latter was also acquired by the Chinese) leaves just two big Thanksgiving turkey stocks, Hormel Foods Corporation (NYSE: HRL) and Seaboard Corporation (NYSEAMEX: SEB), for investors to consider. According to the American Far Bureau, a 16-pound turkey will (on average) come in at a total of $22.74 this year or roughly $1.42 per pound for a decrease of 2 cents per pound or a total of 30 cents per whole turkey, compared to 2015. The price drop may be a transition back to the norm as the significant bird flu outbreak last year hurt the nations supply of both turkey and eggs.
stock value: Coca-Cola Bottling Co. Consolidated(COKE)
- [By Douglas A. McIntyre]
Coca-Cola Bottling Co. (NYSE: COKE) had a revenue increase to $2.3 billion in its most recentfiscal year, from $1.7 billion in the previous one. It is moving into Ohio, Indiana, Kentucky, Illinois and West Virginia, which almost certainly will require capital. Its net sales rose 37% in the most recent quarter to $840 million. Management stated this was because of “Organic growth in the legacy territories as well as territory expansion through the acquisition of several new distribution territories from Coca-Cola led to the solid performance.” The current dividend is $1, or 0.66%.
stock value: Ethan Allen Interiors Inc.(ETH)
- [By Dan Caplinger]
Wednesday was a strong day for the stock market, as the Dow finished up nearly 100 points and the S&P 500 and Nasdaq both posted gains as well. Investors remained generally upbeat about the prospects for the U.S. economy in 2017, and a rise in crude oil prices helped lift the energy sector higher during the market session. Yet comments during a press conference from President-elect Donald Trump weighed on the healthcare sector, and some individual stocks took particularly hard hits. Among the worst performers were Perrigo (NYSE:PRGO), Novadaq Technologies (NASDAQ:NVDQ), and Ethan Allen Interiors (NYSE:ETH). Below, we’ll look more closely at these stocks to tell you why they did so poorly.
stock value: CIENA Corporation(CIEN)
- [By Lee Jackson]
Ciena Corp. (NYSE: CIEN) is another tech company that saw insider selling last week. The president and CEO of the optical giant, Gary Smith, sold a reported 114,318 shares at $24.67 per share. The total for the trade was set at a solid $2,820,225. Shares closed last Friday at $24.41, in a 52-week range of $15.62 to $25.19. The consensus price target is $28.36.
- [By Billy Duberstein]
The reasons for the price drop could be a number of things, including increased competition, notably from Ciena(NYSE: CIEN). This was noted by CEO Thomas Fallon who, in the recent conference call, noted competitors may be trying to “buy” market share:
- [By Lisa Levin]
Ciena Corporation (NYSE: CIEN) posted downbeat earnings for its fourth quarter.
Ciena posted Q4 adjusted earnings of $0.44 per share on revenue of $716.2 million. Analysts were expecting earnings of $0.46 per share on revenue of $716.5 million.
stock value: Illinois Tool Works Inc.(ITW)
- [By WWW.THESTREET.COM]
There are lots of stories like that out there these days. People were perplexed about the Illinois Tool Works (ITW) and Cummins Engine (CMI) and Caterpillar (CAT) quarters, but they turned out to be classic buying opportunities after years of being sell opportunities if the stocks had run. I can’t explain to you how amazing that is. Here are three stocks that have spent months and months in purgatory when they have missed or guided down or slashed forecasts. Now they are up gigantically.