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Good morning everyone. Here's a look at the current standings on our finalist leaderboard--as we head into the last week of the contest. Steven Lee (pictured) holds onto first place--and he's taking a rather conservative approach by remaining all in cash and hoping that Serge Amelyan's all-in bet on Terra Industries doesn't pan out. Serge moves back into 2nd place from 4th on his Intuit trade up on strong earnings.
Stocks closed broadly higher on Friday as the major markets hit new highs on takeover news and encouraging consumer data. "Right now investor sentiment is surging to the optimistic side," said Chris Johnson, founder and chief investment strategist at Johnson Research Group.
Good morning all. Big changes on the leaderboard for the contest finals. Steven Lee (that's his picture) jumps from 12th place on Wednesday to take the lead by gaining $182K with Acxiom Corp. which was up 18.08% Thursday. And Mary Williams continues her climb from 4th place Wednesday to take 2nd place--with another big gain on Ctrip.com that added $87K to her portfolio. Serge Amelyan falls into 4th place from first and Stephen Luchko is down in 6th place from 2nd.
Tax preparation software maker Intuit on Thursday posted a higher quarterly profit, saying a strong tax season and good performance of its QuickBooks product helped results.
Apple's annual shareholder meeting was short on news, but long on drama with several investors grilling the Apple directors who did show up with questions about the stock options backdating scandal.Apple's entire directors' slate was re-elected, as expected. None of the shareholder resolutions passed, as expected.The fireworks and interesting nuggets came during the shareholder question-and-answer session.This is the first paragraph/short story.
A flood of last-minute tax filers swamped the servers of the company that makes the popular TurboTax and ProSeries tax software Tuesday, forcing taxpayers to wait hours for confirmation that their electronic returns had been submitted successfully.
Most of our celebs had a slow day Monday, but James Cromwell "has been a machine" as someone said. Not only is he buying stocks, he's putting those bonus bucks to work--something the other celebs--and you non-celebs should be using to your advantage. Willie Garson used them to put Johnny Bench back in last place.
Stocks closed near the unchanged mark as investors pulled money out of the tech sector and moved into energy stocks. "With the recent volatility that we've had, investors are taking a closer look at their portfolios and they're a little more cautious," said Ron Papanek, a strategist with RiskMetrics Group.
Shares of software maker Intuit fell as much as 8.8% on Thursday, the day after it said that unit sales of its key TurboTax product were up just 1%t from a year ago. 1st paragraph of story should go here
Prices for existing home sales nationwide rose just barely over 1% last year. That's not much compared with the double digit appreication in the previous years. And regionally--neighborhood to neighborhood--prices dropped and continue to fall.
Financial software company Intuit has agreed to buy online banking services provider Digital Insight for $39 a share in cash or $1.35 billion, Intuit said.