Oil prices have risen above $50 since OPEC’s agreement to cut production. Energy-related names like National Oilwell Varco (NYSE:NOV) have risen with it. The stock is up about 20% in the month of December. NOV will likely trade with oil, yet some of us still follow earnings fundamentals, including the rating agencies. The company’s Q3 revenue fell sequentially by 5%, while EBITDA....More>>>
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>>>
&l;p dir=&q;ltr&q;&g;&l;span&g;Change is abundant in the financial market. New technologies and transformations in the way that consumers think about finances are evolving at a rapid pace. Your financial firm needs to get onboard with these new ways of doing business to ensure you retain your customer base and keep visibility in the marketplace.&l;/span&g;&l;/p&g;
We spend most of our working lives contributing money to retirement accounts but what about taking it out in retirement? If you have pre-tax, Roth, and taxable accounts, how much should you withdraw from each one? Here are some things to consider:
1) How much can you safely withdraw? The safest option is to only withdraw earnings and not touch any of the principal but....More>>>
Just because an industry is growing — it doesn’t mean you should try to enter it.
This comes to mind in considering the market for flash storage which IDC estimated was worth $15 billion in 2016 and would grow to nearly $20 billion by 2020. This growth suggests that customers want the product — but publicly traded vendors of flash are losing buckets of money. That’s....More>>>
Biotech has consistently been home to some of the top growth stocks in the entire market. And even though biotech hasn’t been at its best by a long shot this year, this particular sub-sector has still managed to produce some of the best-performing stocks at large.
Over the past year, for example, gene therapy company uniQure N.V. (NASDAQ:QURE) and endocrine specialist Viking Therapeutics....More>>>
Luxoft Holding (LXFT) saw a huge downward move after reporting earnings on August 11th. We think the market overreacted to the temporary drop in profitability, forgetting about the future growth potential and the efforts underway to grow some of its verticals such as healthcare dramatically in the next few years. Headquartered in Zug, Switzerland, Luxoft is a provider of software development services....More>>>
Watching the fireworks yesterday, a houseguest commented on why the techno display is bad for the environment (there’s always one in every crowd, isn’t there…!) It’s hard to ignore the majesty of a well produced fireworks display, and I don’t really see too many people hopping on the “let’s clean up the environment by eliminating standard 4th....More>>>
Source: ThinkstockMarch 29, 2017: The S&P 500 closed higher on the day, up 0.11 % and 2.56 points to 2,361.14. Separately the DJIA closed down 0.20% on the day at 20,659.39, down approximately 42.11 points. The question remains if the DJIA gain on Tuesday was just a head fake as the index is lower versus the Nasdaq and the S&P500.
The recovery that oil has made on Tuesday and Wednesday....More>>>
U.S. stock-market indexes closed at records Friday, led by gains for technology shares as investors looked past a weaker-than-expected May jobs report.
The S&P 500 index