- Apple’s iTunes Is a Gold Mine
March 25 2013 10:37 AM
itunes_moviesApple’s (NASDAQ:AAPL) iTunes store — conceived from its inception as a break-even-business — will celebrate its tenth birthday next month, and from the growth the business has experienced in the intervening years, it is clear that description is no longer accurate. The scope of the store has nearly quintupled in the past seven years, its revenues soared to $13.5 billion in 2012, and it generates as much as 15 percent operating margin on gross revenue, a figure that amounts to a little more than $2 billion annually.
- Dollar General Earnings: Here’s Why Shares are Up Now
March 25 2013 9:11 AM
Dollar General Corporation (NYSE:DG) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 4%.
- Amazon May Buy Unique Samsung Division for Less than $100 Million
March 22 2013 3:18 PM
Amazon (NASDAQ: AMZN [FREE Stock Trend Analysis]) is reportedly interested in buying Liquavista BV (a company that develops a special kind of display technology for e-readers) from Samsung. According to Bloomberg, Samsung could sell the company -- which it purchased two years ago -- for less than $100 million. This report comes after e-reader blogger Nate Hoffelder speculated that Amazon would buy Liquavista from Samsung. Hoffelder didn't have any proof when he first talked about the acquisition in January, but he looked at various techniques that Amazon has previously used to disguise its plans.
- Is Google Joining the Smart Watch Race?
March 22 2013 12:14 PM
While Nick Hayek, chief executive of Swiss watchmaker Swatch (SWGAY.PK), told Bloomberg earlier this month that he did not believe that smart timepieces would be the “next revolution,” there is no denying that technology feels otherwise.
- Is Zynga’s New Homepage a Facelift Or a Game Changer?
March 22 2013 11:50 AM
Shares of Zynga (NASDAQ:ZNGA) increased as much as 2.4 percent in morning trading on Friday. Besides getting slapped with an Underperform rating from analysts at CLSA, the big news is that the social game developer will be rolling out a new version of its homepage next week. While ostensibly a superficial change, a new homepage represents more than just a facelift for a company that has lost 75 percent of its market value over the past 52 weeks. As Zynga articulates in a blog post about the change, the company’s core business is creating games, and then serving the communities that develop around those games.
- Does ConocoPhillips Present a Huge Opportunity?
March 22 2013 10:08 AM
With shares of ConocoPhillips (NYSE:COP) trading at around $60.94, is COP an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework: C = Catalyst for the Stock’s Movement ConocoPhillips recently made a major oil find in the Gulf of Mexico, which is possibly one of the largest finds in history. The find was made at Shenandoah 2 when the well drilled at 31,405 feet in 5,800 feet of water. The stock has been running higher since the news broke, and justifiably so. There are other positives for this story as well.
- Will The Connected Car Kill Sirius XM?
March 21 2013 4:21 PM
It’s a complicated set of factors that must be taken into account when determining the future profitability of the satellite radio provider Sirius XM (NASDAQ:SIRI), but analysts most often boil down their assessments to two key metrics: car sales and competition. Sirius XM is one of the clear beneficiaries of a strong market for new automobiles; as research from iStockAnalyst pointed out a recent article, Sirius XM comes equipped in approximately two out of every three new vehicles. As February car sales amounted to a “very strong 15.5 million” at a seasonally adjusted annual rate, according to Edmunds.com, the satellite radio provider is expected to experience gains in terms of subscribers, quarterly earnings, and stock price.
- Will Nike Score Again?
March 21 2013 3:38 PM
With shares of Nike Inc. (NYSE:NKE) trading at around $35.85, is NKE an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework: Nike dominates the athletic footwear and apparel space. This is a phenomenal brand with strategic athletic sponsorships through the years. Nike might not be thought of as a growth story, but there is still a lot of growth potential in emerging markets. Cost-containment has been excellent, and Nike is likely to see margin expansion in the coming years. Many people will point to Under Armour (NYSE:UA) as a significant threat. While these two companies are likely to continue to butt heads, it’s not about one company defeating the other. They’re both likely to succeed. Competition breeds success, and this is likely to be a prime example.
- Hewlett-Packard's Glasses-Free 3D Tech is a Dream Come True for 'Star Wars' Fans
March 21 2013 3:07 PM
If you thought the news of a new Star Wars trilogy was exciting, wait until you hear what Hewlett-Packard (NYSE: HPQ [FREE Stock Trend Analysis]) is working on. Hewlett-Packard is developing a new glasses-free 3D technology for mobile devices that will allow the image to extend beyond the screen while being viewed from multiple angles.
- Nike Earnings Preview
March 21 2013 2:58 PM
Nike (NYSE: NKE [FREE Stock Trend Analysis]) will report earnings after the bell on Thursday. Here’s what investors and analysts are looking for from the largest and best known company in the athletic apparel space. Nike is expected to announce fiscal third quarter earnings at 4:15 pm EST Thursday with the conference call at 5:00 pm.
- Equity Bubble is Based on Unsustainable Earnings
March 21 2013 10:05 AM
The most pervasive question on Wall Street these days is if the Dow Jones Industrial Average, which is at a record level in nominal terms, reflects strong corporate profits and an improving economy; or simply has been achieved by the manipulations of the Federal Reserve. For me, this is sophomoric question to ask because, in reality, there can be no separating what the Fed has been able to achieve for the economy through its artificial measures and the effect it has had on corporate earnings.
- Oracle Shares Plummet on Weak Q3 Earnings, Revenue Lower on Currency Movements
March 20 2013 5:05 PM
Shares of Oracle (NASDAQ: ORCL) slumped after the close Wednesday as the company reported worse than expected earnings. Oracle reported Non-GAAP EPS of $0.65 which just slightly missed analyst estimates of $0.66 but revenue came up short of estimates by more than 4 percent.
- Apple, Amazon, & Google: Will These 3 Tech Giants Take on Streaming Music?
March 20 2013 3:17 PM
There may be a new battleground heating up between some of the tech industries big names. Amazon (NASDAQ:AMZN) could lead the charge of new entrants into the subscription music service market, but Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) may not be far behind. Companies like Spotify, Rdio, Pandora (NYSE:P), and Rhapsody may have more or less pioneered the music-streaming industry, with various ad-supported and subscription-based plans, but other tech giants may be about to steal their thunder.
- Yahoo Wants to Buy a YouTube Clone
March 20 2013 2:48 PM
Is Yahoo (NASDAQ: YHOO [FREE Stock Trend Analysis]) CEO Marissa Mayer trying to re-create the magic of her former employer? Before coming to Yahoo, Mayer was VP of Local, Maps and Location Services at Google (NASDAQ: GOOG). She was the 20th person hired at Google and became a prominent figure for the firm, often taking the spotlight as both a leader and a speaker.
- Is Microsoft the Next Apple?
March 20 2013 12:26 PM
At one time, Microsoft was the ultimate Wall Street darling. However, Apple Inc. (NASDAQ:APPL) took over that role several years later. Now, there is confusion as to which of these companies is better positioned for the future. At the risk of negating suspense, the truth is that they’re both well positioned for the future. However, this doesn’t necessarily mean that both companies are hitting on all cylinders.
- Panasonic Rumored to Sell Local Asset to HTC or TSMC
March 20 2013 12:00 PM
First Panasonic (NYSE: PC [FREE Stock Trend Analysis]) closed a plasma TV factory in Shanghai. Then the company reportedly pulled back on the production of plasma displays. Now Panasonic is said to be interested in selling its handset business. According to DigiTimes, HTC and Taiwan Semiconductor Manufacturing Company (NYSE: TSM) have been "pinpointed" as potential buyers by the Japanese press.
- General Mills Beats Expectations on New Businesses
March 20 2013 8:24 AM
General Mills (NYSE: GIS [FREE Stock Trend Analysis]) reported fiscal third quarter 2013 earnings pre-market Wednesday and beat analyst expectations. The company reported third quarter EPS of $0.60, beating estimates of EPS of $0.58, and shares rose slightly in the pre-market. On a GAAP basis, General Mills reported third quarter EPS of $0.60, beating expectations of $0.58 on sales of $4.43 billion, also better than estimates at $4.36 billion. On a non-GAAP basis, General Mills EPS was actually $0.64, rising from last year's comparable number of $0.55.
- Oracle Earnings Preview
March 20 2013 8:21 AM
It used to be a foregone conclusion that when Oracle (NASDAQ: ORCL [FREE Stock Trend Analysis]) reported it would blow earnings out of the water but over the past couple of years, that reputation has gone the way of Apple (NASDAQ: AAPL). Still, investors count this as one of those announcements that serves as a proxy for the technology sector.
- Is Someone Else Interested in Dell?
March 19 2013 1:14 PM
Technically, Dell (NASDAQ:DELL) is still on the market, at least until March 22. Even though the $24.4 billion buyout offer orchestrated by private equity firm Silver Lake and the chief executive and company founder, Michael Dell, was accepted — as part of the original deal — the company agreed “to explore in good faith” any other proposal that was submitted to its board of directors during the 45-day go-shop period. These terms were meant to give Dell the opportunity to look for offers from other companies to guarantee it has agreed to the best possible proposal.
- Gartner: BlackBerry Is Going Nowhere
March 19 2013 1:10 PM
Despite much acclaim from technology circles and critics, BlackBerry (NASDAQ:BBRY)’s new Z10 smartphone has a long ways to go before the company can begin gaining traction again against its rivals, namely Apple’s (NASDAQ:AAPL) iOS and Google’s (NASDAQ:GOOG) Android operating system. This is nothing new, as anyone who has been following the BlackBerry saga has an idea of the monstrous hill the company must climb to regain some of the former glory that it used to enjoy. Not only must the Z10 contend with the best-selling iPhone (of which variants are expected to be released this year), but since BlackBerry was a significant competitive force, numerous companies have joined the fray including Nokia’s (NYSE:NOK) Lumina, which runs Microsoft’s (NASDAQ:MSFT) mobile based OS, and numerous hardware manufacturers like Samsung who run Google’s open-source Android system.