With e-retailers dominating the holiday shopping season, Steve Kernkraut, Berman Capital Management co-portfolio manager & partner, and John Morris, BMO Capital Markets senior retail analyst, discuss if traditional brick and mortars can make a comeback and gain market share. CNBC's Courtney provides insight.» Read More
Responding to recent calls for General Electric to spin off NBC Universal, GE Chairman and CEO Jeffrey Immelt said he sees strong growth ahead for the news and entertainment unit but that "nothing is safe."
Internet media company Yahoo named Blake Jorgensen, co-founder of investment bank Thomas Weisel Partners, as chief financial officer, effective June 4.
Update on what may be the dumbest outsourcing idea yet that I actually love. Last week the Associated Press reported that a daily news website in Pasadena, California, has hired two reporters based in India to cover LOCAL NEWS. The reason: since things like city council meetings are streamed online, who really needs to be there?
Well, with a name like Moneymaker, you'd think he'd do better than last place, but that wasn't the case for world champion poker player Chris Moneymaker. As we told you, Chris finished dead last and in 10th place in Trading with the Stars. But no matter, his favorite charity--Wounded Warriors--got $5,000 for having Chris just play. Thanks Chris for taking the time to be part of Trading with the Stars.
Hey folks--here are the final contest standings as we start the last two weeks of the Million Dollar Portfolio Challenge. Serge Amelyan is the owner of the top portfolio by dollar value in the contest followed by Shi Nisman who have both hovered near the top of the list for a few weeks now. Serge did not break the $5M mark but managed to chalk up a 388% return over the last 10 weeks. More than $1M separates Serge in first and Barry in 10th.
Friday--today--is the last day of Trading With The Stars--and only transactions that were input by 4 pm ET Thursday will make a difference in their standings. As the Dow fell almost 150 points, Ernie Hudson was the only celeb to show a portfolio gain Thursday--on Gmarket. Jonathan Tucker regained the top spot, and Stephen Collins fell back into second on heavy losses in Golden Telecom. Meanwhile, Chris Moneymaker got crushed on Allscripts Healthcare, which has cost him $181,862.60 since he purchased it on 5/8, and he is now in last place. James Cromwell was hit hard by Knot Inc. which cost him $160K dropping him from 4th to 8th.
Forget the small fry and medium-cap companies: Andy Bishel thinks some of the market's largest names have the richest potential. The CIO of SKBA Capital Management gave "Morning Call" viewers two stock recommendations that may surprise them.
Martin Pyykkonen, senior executive director for Internet, media and communications at Global Crown Capital, told CNBC’s “Street Signs” that Google is betting that censorship in China eventually ends.
We got an email today about guest blogger Jeff Mishlove's last stock picks--and Jeff feels he wants to address the issues raised by the emailer--that perhaps other contestants have as well. A reminder that Jeff gets no compensation for his blog posts. Here he is: A contest participant has recently raised several concerns, due to the fact that the recommendations I posted on Tuesday have done so poorly – while, simultaneously, I myself was on the leaderboard and have also benefited from sales of my Handbook for Contestants. The implicit suggestion was that, perhaps, I deliberately posted lousy stock picks at the end of this event – in order to confuse the competition and gain an edge for myself.
Wow--can Stephen Collins pick em or not. As we mentioned in an earlier post on contest stocks--best performong stock Foster Wheeler let the actor soar into first place in Trading With The Stars--with a $78K gain on FWLT--which was up 19.96% Wednesday. He now has a total portfolio value of $1,237,825.31 which gives him a $14K lead over Jonathan Tucker with 2 days remaining in the contest. Lots of hooray's for Stephen from the "Morning Call" Team--the show he's playing for.
According to the Seattle Post-Intelligencer, Bill Gates confessed to searching for the estimated value of his 50,000-square-foot mansion on Zillow.com. Gates generally likes the online real estate site, which launched with the help of some former Microsoft execs. But he says Zillow's "algorithms for figuring out prices don't scale very well to the low end or the very high end."
Stocks are heading lower as April chain store sales promise a shower of negative news, though not unexpected. European markets are lower and Japanese stocks closed down on the day. But the star of Asia, China's stock market continues to bubble higher, and the Financial Times says the value of the shares that traded Wednesday on China's Shanghai and Shenzhen exchanges was greater than all of the rest of Asia combined.
Will Murdoch convince the Bancroft Family to sell Dow Jones? Will he sweeten his already oh-so-sweet $5 billion offer for the Wall Street Journal's parent?There's no better place to find the future than in the past -- in News Corp's case, fiscal third-quarter earnings. Net income increased 6.2%, led by the movie division whose revenues grew a whopping 82% to $410 million, a record for the quarter.
The top 4 celebrities remain constant with Jonathan Tucker holding onto his lead with only $62,581.29 separating him from Stephen Collins. Poker champion Moneymaker is betting on Allscripts Healthcare to move him up from 4th on strong earnings after the bell Tuesday. And Hall of Famer Johnny Bench is counting on American Oriental Bioengineering to continue to perform--as he's in 5th place.
Here's our daily contest "stock report." Earnings again helped and hurt performance. The most active and widely held pretty much the same--except for ENTG and BQI which both fell out of the most active. And gas and oil company BQI also fell from the most widely held. Here you go. Best performing trades by % gain from Monday's close to Tuesday's close:
Hey folks. Jeff Mishlove is here with his picks today. Let's get right to his post: This has been a very busy time for me, so I am submitting this blog a bit later than usual. However, the lateness allows me to see that the picks I recommended for yesterday are doing quite well. Two of the five are among the top two eligible stocks for the contest on Tuesday. Those are aQuantive and Blue Nile – up, as I am writing, 11.98% and 17.21% respectively.
It's certainly coming down to the wire in Trading With The Stars. As we said, this is the last week for this part of the Million Dollar Portfolio Challenge. And Jonathan Tucker stays on top with a total portfolio value of $1,204,305.00 which is up $5,905.00 from Friday's total. Stephen Collins continues in the #2 spot with a total portfolio value of $1,166,355.20. That's up $6,348.18 from Friday's total and Stephen continues to close the gap with Jonathan Tucker.
MySpace, part of Rupert Murdoch's News Corp., has reached a preliminary deal to acquire Photobucket, the world's top photo-sharing site, for around $250 million in cash, a source familiar with the deal said on Monday.
It's do or die time for our celebs as this is the final week of Trading With The Stars, so here are the standings. Jonathan tucker holds on to the lead with a total portfolio value of $1,198,400.00 which is down $25 from Thursday's total. Stephen Collins continues in the #2 spot with a total portfolio value of $1,160,007.02 up more than $41K from Thursday's total and is now within about $38K from the top.
Hey everyone, here's Jeff Mishlove with his latest round of contest stock picks. He seems to be doing pretty well with his picks. Are you? Here he is: As I reported in Friday’s blog, and earlier, Week 8 of the contest was a thrilling experience for me – as I ended up on the weekly leaderboard in second place – with a portfolio that appreciated 112.98% for the week.