The company has a good core business and opportunities in the future, says Gene Munster, Piper Jaffray, providing perspective on Facebook's monetization strategy and growth prospects.» Read More
Wow--we've gotten posts from all three guest bloggers today as this one from Timothy Sykes wraps it up. You certainly have some food for thought. Here's Timothy: Many contestants have been asking why I advocate such a seemingly risky strategy by focusing on chart plays with upcoming earnings. The answer, like my strategy, is rather simple.
Is Google a contest stock worth playing? Well, the company releases earnings after the bell today, so I thought I'd pass along a news video piece from CNBC's Jim Goldman on the Internet giant. Again, this is not a recommendation for the contest or your personal portfolio--just some information. The stock hasn't exactly made the most active list among players, but it has drawn some interest.
The big week in Internet earnings reaches a crescendo this afternoon when Google reports earnings. These numbers come at a fascinating time in the company's history.Google has become a kind of financial underdog, compared to other big names in the sector, including Yahoo, which is still licking its wounds, and eBay, which is enjoying its second beat-and-raise quarter in a row. A strange position to be in for a company trading at nearly $500 a share.
Margaret C. “Meg” Whitman, president and CEO of eBay, told CNBC’s “Squawk on the Street” that the company plans to upgrade its core auction business over the next 12 months and has no immediate plans to make another acquisition.
It was a volatile day for the celebs. Champion poker player Chris Moneymaker holds onto the first spot despite his $90K loss on Syntel but actor Jonathan Tucker takes over the #2 spot. Meanwhile, Willie Garson falls into 4th, allowing Stephen Collins to gain 3rd place. Johnny Bench falls from 6th to 8th. One of the stocks for Chris M., CBST, is also a favorite of Parker Robinson in our non-celeb trading. Both are "banking" on it paying off.
First, Americans started spending more on their pets than their kids. Now we just don't want to be around the children at all! A survey by ModernMom.com found that if moms were given an extra hour of free time every day (which would actually be the only hour of free time they'd have), 36% would use it sleeping, 19% would like to get a manicure or massage, and only 6% would spend that extra hour with the kids.
Here's the latest on what you're doing with stocks for the contest--and what they're doing to you!! It's pretty much dominated by earnings news, both good (LLTC) and bad (YHOO, ESLR). The most active and widely held lists remain the same. And a stock we took a closer look at yesterday, Seagate, had an impact on another stock--and not for the best. Here's the breakdown...
Mort Zuckerman has mastered both publishing and real estate. On "Power Lunch," the editor-in-chief of U.S. News & World Report and chairman of Boston Properties explained why the newspaper business is still attracting tycoons -- and why New York City real estate is booming.
Michael Eisner joined CNBC’s Sue Herera on “Power Lunch” to talk about his new ventures. The former Walt Disney CEO turned investment mogul spoke about the changing media landscape and his predictions for the future.
The chief financial officer of Internet media company Yahoo! expressed confidence in the company's new online advertising system Panama, despite investors' disappointment with the Internet media company's first-quarter earnings report.
If you went to bed and woke up this morning thinking the world was quiet and that today was going to be a light day at the office, you may want to call in, instead of relying on your BlackBerry. Research in Motion confirms a massive, system wide blackout affecting all its 8 million subscribers that began around 8 p.m. ET Tuesday, and while service is being restored, it is still sporadic and may take much of the day to get back on line completely.
If you believe everything you read, you would have thought that San Diego Chargers running back LaDainian Tomlinson was just lucky enough not to get the Madden cover endorsement. Electronic Arts officially announced last night that Tennessee Titans quarterback Vince Young would grace the cover of the next version of the jinxed popular video game. "Vince was the guy all along," EA's director of marketing Chris Erb told the San Diego Union-Tribune today.
Stocks are heading for a lower opening as some weak tech earnings worry investors. The dollar continues to fall against major currencies. Asian markets were higher overnight, but European stocks are lower. There are no big data items today but earnings could sway direction.
It was 18 years ago today -- April 17, 1989 -- that CNBC went on the air for the very first time. For those of us who were here both then and now, we realize that the world is a very different place. The Dow closed that day at 2337.79 -- roughly 10,000 points below where it is now. Alan Greenspan was less than two years into his Fed chairmanship, and the position hadn’t yet become one of financial celebrity. ... We couldn’t "google" anything because there was no Google...
The Internet's ruling triumvirate has a big week: Yahoo! reports quarterly earnings Tuesday, eBay reports on Wednesday and Google on Thursday. What should cyber-stock investors expect? Mark Mahaney, Citigroup's Internet research director, and Scott Kessler, the director of Standard & Poor's information technology research group, gave "Morning Call" their views.
Guest blogger Jeff Mishlove is back with his contest picks for today. Let's get right to them. Here's Jeff: Monday’s closing prices revealed that all of my recommendations for purchase on Friday were quite profitable for a single day, although none of them were at the exhilarating level one would like to see to become a weekly winner. The chart below, taken from my blog of last Thursday, April 12, tells the story:
Here's our look at the stocks making our best and most active lists. Small caps seem to be the main focus among contest traders. And Freemont General is back strong--not only as a most active but as a best performer. It hasn't played itself out yet as news about selling some of the company's subprime loans had an affect. Also--news on Sallie Mae had an impact on more than just iteself. Take a look...
Stocks are set to open higher, reversing an early negative trend, after consumer inflation data showed muted increases in core inflation. However, the CPI rose at a 0.6% rate when including food and energy, its highest rise since last April. Housing starts rose 0.8%, beating analysts expectatons but below February's increase.
Google's acquisition of DoubleClick wasn't much of a surprise since blogs and news coverage over the past few weeks have indicated that the company was in play and had several suitors, including Microsoft, Google, Yahoo and various others.But the big surprise happened over the weekend when we found out that Microsoft was building a coalition of companies to come out against the deal, and that the anti-trust poster-company was now playing the part of victim. Needless to say, this pot-calling-the-kettle-black legal strategy is raising some eyebrows.
In case you missed it, here's a video portion of Friday night's "How To Win" program on the million dollar portfolio challenge. The show got right to the picks from the analysts, so I will do the same. Notice a bit of a theme--earnings reports coming out this week. Also, there are a couple of "bigger" names like Google and McDonald's to chose from.