FCC chairman Tom Wheeler says the agency will move the nation’s century-old network of circuits, switches and wires toward an Internet-based system. The NYT reports.» Read More
Hi folks. Here a look at the latest stock performance. Quick turnarounds seem to be paying off for several stocks, but obviously, not all. Downgrades and business news (see Beazer Homes below) certainly affect what's happening. Note the "replacements" at the S&P in the first paragraph. Okay, here are the stats with some notes on why the stocks are where they are.
Hey folks. Here's our update on stock performance--as of the close on Tuesday, 3/27. Most of the names are familiar but there are some new ones (GME) that are having an impact. Fremont General may have run its course as it falls out of the most widely held stocks. News seems to have an impact so you might want to keep an eye on earnings, upgrades and business news. FYI: contest registrations to date: 459,968.
Hey folks. Here's the best performing trades by % gain from Friday's close to Monday's close: Biosite--If you bought on Friday at $55.38 and held/sold on Monday with a close of $83.80, the contestant gained 51.32% on the trade (9 out of the 10 current weekly leaders as of Monday's close bought BSTE on Friday).
Time now for our weekly webcast program (every Monday) to go over what happened last week and what might play out this week. Remember, it's the start of week four--as CNBC's Dylan Ratigan pointed out. Dylan went over the big gainers from Friday (traded on Thursday) as well as the biggest losers and the most actives. So--here's the info...
Stocks closed slightly higher Friday, finishing a week with gains of more than 3% in major market indices. "I like to see this pretty tight trading range; the fact that we've been able to hold on to these gains is healthy," Craig Columbus, chief market strategist at Advanced Equities Asset Management, told CNBC.com.
Vonage Holdings shares were hammered on Friday after a federal judge agreed to bar the company from using Internet phone technology owned by much bigger rival Verizon Communications.
"We're sorry, your call did not go through...." That may have a familiar ring to it for the more than 2.2 million subscribers using Vonage and the company's voice-over-internet-protocol, or VoIP service to make and receive calls over the internet. A US District Court judge in Alexandria, Virginia stunned the company today by issuing a permanent injunction against Vonage, barring it from basing its service on three of five patents owned by Verizon.
Hung up on Vonage: It’s usually easy to recognize a story worthy of our immediate attention. It’s not always so easy to answer the questions that come up from the first few dribs and drabs of information. This is one of the key minefields one must traverse in the daily business of the Breaking News Desk.
The eight-member jury assessed Vonage $58 million in past damages and ordered it to pay a 5.5% royalty rate on Vonage sales going forward.
Coming right up is "Mad Money." Nukes might not be P.C., but they could make you money. Cramer has a play on the secret ingredient that just might make you rich! Plus, this stock's out of the doghouse! No, it's not Vonage...