These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
While many in the auto industry don't see self-driving cars hitting the road until 2030, one analyst says you can make money on the growing trend now by buying Mobileye stock.
On Wednesday, Morgan Stanley lead auto analyst Ravi Shanker upped his price target to $68 from $65 and maintained his overweight rating on the stock saying now is the time to own it. He expects automakers to make advanced driver assistance systems (ADAS) a standard in major markets in the near-future and says that could be a major catalyst for Mobileye.
"Toyota has already said that pretty much every car that they sell in the U.S. is going to have ADAS by 2017, 70 percent of cars they sell in Europe by 2015. Volkswagen said something similar a few years out, " Shanker says.
"Nissan is already making an automatic braking standard in Japan by the fall of this year. If you assume roughly 100 million cars sold by the end of this decade, we say 40 percent will have ADAS options by 2020 and that goes up to 70 percent by 2029 " he added.
Shanker wasn't the only analyst making a bullish call on Mobileye this week. Deutsche Bank analyst Rod Lache raised his price target to $55 from $53 and maintained a buy rating, citing growth of active safety technologies that is likely to exceed prior assumptions. The stock is up 9 percent since both calls.
Fast Money trader Guy Adami agreed with Shanker's optimistic call. "They originally were going to price a $14 million share secondary, got raised to $17 million shares. They priced at 41 and three quarters a couple of weeks ago, the stock has never looked back. Why is that interesting, because it's a tell…you own Mobileye against basically 41 and three quarters" said Adami.
However, some traders didn't buy the story. Steve Grasso, who previously owned Mobileye stock, says the company is at a disadvantage because it primarily uses camera-based technology to detect collisions whereas competitors use cameras and radars. Additionally, there are a number of competitors jumping into the space including tech companies like Google that are working on driverless car technology.
"If you start to see these little companies start to build, it's radar that they have to start building on, not just camera base so I think that's more accurate and I think with driverless cars you're going to see that type of technology overtake Mobileye" said Grasso.