Retirement Is Lifes Most Expensive Purchase
OMB Looks Ready to OK Delay of Fiduciary Rule
CFPB Barred, for Now, From Naming Company Under Investigation
Advisors and their firms know they have to “work smarter” online. At a social media conference Thursday in San Francisco sponsored by the Securities Industry and Financial Markets Association, leaders in the technology and financial industries came together to learn what that means in concrete terms.
More than 100 participants heard opening remarks by Hearsay Systems CEO Clara Shih, who remains upbeat but clear on the acute challenges faced by advisors today.
“Nearly 2 billion people are active on Facebook,” Shih said.
“High-net-worth investors spend more time on social media” than others, she adds. “The more wealth an individual has, they more time they spend on social media. There is a positive correlation.”
Portfolios will be based on ETFs made by Vanguard and others; Bank of America also introduces automated branches.
Hot Tech Stocks To Invest In 2018: Biogen Idec Inc(BIIB)
- [By Brian Orelli]
While that’s fine for clinical trials, it may make it difficult for Ionis’ drugs to compete with drugs that work as well but don’t have side effects that need to be monitored. Of course, for Spinraza, which Biogen (NASDAQ:BIIB) and Ionis recently got approved for spinal muscular atrophy, side effects aren’t an issue because there aren’t any other treatment options at the moment.
- [By WWW.MONEYSHOW.COM]
Biogen discovers, develops and delivers innovative therapies for the treatment of neurodegenerative diseases and autoimmune disorders.
- [By Todd Campbell]
A new and highly anticipated study byCelgene Corp. (NASDAQ:CELG) shows that its promising multiple sclerosis drug could soon reshape the $19 billion multiple sclerosis market. On Friday, management reported that ozanimod met its primary endpoint for reducing MS relapses better than Biogen Inc.’s (NASDAQ:BIIB) Avonex, and importantly, it did so without any new safety risks.
Hot Tech Stocks To Invest In 2018: Fortinet, Inc.(FTNT)
- [By Garrett Baldwin]
The price of Bitcoin faced more pressure over the weekend. The downturn came on news that several major banks have banned the purchasing of Bitcoin with credit cards. Bank of America Corp. (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), and Citigroup Inc. (NYSE: C) have all banned cryptocurrency purchases since Friday. This means that the top five credit card issuers have now halted the practice. Bitcoin sat at $7,773 this morning.
Janet Yellen is officially out of the Federal Reserve and will be heading to the Brookings Institution. Today, Jerome Powell will begin his first term at the helm of the U.S. central bank. Powell takes over at an interesting time for the U.S. economy. The central bank is expected to raise interest rates three times in 2017. In addition, Powell must manage a $4.5 trillion balance sheet that the Fed built up in the wake of last decade’s financial crisis.
Gold prices saw a slight gain in pre-market hours. But those gains could surge as markets continue to face questions about inflation and a weaker U.S. dollar. Gold prices saw one of their biggest one-day declines in two months on Friday. Investors are looking at this as a solid entry point given price expectations from Money Morning Resource Specialist Peter Krauth. Peter expects that gold prices will reach $1,400 by the end of June and rise to as high as $1,500 by December.
VideoMeet the Trading Expert Who Could Help Make You a Millionaire
Crude oil prices slid in pre-market hours to a one-month low. TheWTI crude oil price todayfell 0.6%. Brent crude dropped 1.1%. Markets are growing increasingly fearful that rising U.S. production could spur an oversupply of the markets.
Four Stocks to Watch Today: WFC, AVGO, QCOM, BMY
Shares of Wells Fargo & Co. (NYSE: WFC) are off more than 8% this morning because the Fed has forced new sanctions on the bank that will limit its growth. The Fed’s consent order will see the bank change four members of its board of directors and
- [By Peter Graham]
A long term performance chart shows Palo Alto Networks outperforming (albeit off previous highs)potential peers in the space such as large cap Cisco Systems, Inc (NASDAQ: CSCO), mid capFortinet Inc (NASDAQ: FTNT) and small cap Barracuda Networks Inc (NYSE: CUDA):
- [By Peter Graham]
A long term performance chart shows Barracuda Networks peaking in 2015 before underperforming and moving back to break even levels while mid cap Fortinet Inc (NASDAQ: FTNT) and large cap Palo Alto Networks Inc (NYSE: PANW) also peaked in 2015, fell backand appear to be bouncing back:
- [By WWW.THESTREET.COM]
Turning Around Cybersecurity Through Activism
As competition climbs and spending slows, security has attracted activists. (FEYE) (IMPV) (FTNT) (CHKP) Full story
- [By Peter Graham]
A long term performance chart shows Palo Alto Networks falling over the past two years, but still outperformingpotential peers in the space such as large cap Cisco Systems, Inc (NASDAQ: CSCO), mid capFortinet Inc (NASDAQ: FTNT) and small cap Barracuda Networks Inc (NYSE: CUDA):
Hot Tech Stocks To Invest In 2018: Fitbit, Inc.(FIT)
- [By Paul Ausick]
Fitbit Inc. (NYSE: FIT) dropped 11.6% Monday to post a new 52-week low of $4.51. Shares closed at $5.10 on Thursday and the stock’s 52-week high is $7.32. Volume was more than double the daily average of around 6 million shares. The company took a ratings downgrade to Sell from Morgan Stanley this morning.
- [By Paul Ausick]
FitBit Inc. (NYSE: FIT) dropped about 2.2% on Wednesday to post a new 52-week low of $7.48 after closing at $7.65 on Tuesday. The stock’s 52-week high is $30.96. Volume was nearly 30% below the daily average of around 10 million shares. The company had no specific news.
- [By Chris Lange]
Fitbit, Inc. (NYSE: FIT) reported its most recent quarterly results after markets closed Monday. The company said that it had a net loss of $0.02 per share on $571 million in revenue, compared with consensus estimates from Thomson Reuters that called for breakeven earnings on $588.89 million in revenue. The fourth quarter from last year had a net loss of $0.56 per share on $573.77 million in revenue.
- [By Bryan Murphy]
As much progress as the remote medical monitoring device market has made in recent years, we’ve still only scratched the surface. The surface has been scratched though. The Dexcom G5 mobile glucose monitor from DexCom, Inc. (NASDAQ:DXCM) is one impressive example. Arguably the first and best entry in the race, DexCom has sent a clear message that consumers and caregivers are ready for a functional device that takes care of itself.
At the other end of the spectrum is a recent round of products that are less clinical in nature, and more broad-usage friendly. Devices like the Apple Inc. (NASDAQ:AAPL) watch and the Fitbit Inc (NYSE:FIT) line of products are both capable of monitoring heart rates and activity. On the other, neither does it all that well… not like one would expect in a clinical setting. Fitbit has run into a headwind of legal and reputational trouble since it’s been verified that its trackers aren’t all that accurate; Apple avoided such trouble largely because few consumers ever viewed its watches as medical-grade hardware.
The gap between the Dexcom G5 and the Fitbit fitness trackers, however, is where real opportunity lies. See, the entries to date have proven there is a market for mobile medical devices , but have also proven they have to work as well as the equipment one might expect to find in a doctor’s office or in a hospital.
It’s this subtle nuance that puts a young company called Biotricity Inc. (OTCMKTS:BTCY) in the spotlight, as it has melded mobile monitoring and quality monitoring, and is now in the midst of making sure they’re marketable… not just to consumers, but to insurance companies (which tend to pay a lot more than the average consumer does). Fitbit missed the mark on both fronts.
Biotricity is working two different but similar pieces of technology. One is called bioflux, for use by caregivers in a clinical setting, and the other is biolife individuals outside of a clinical setting. Neither is o
Hot Tech Stocks To Invest In 2018: priceline.com Incorporated(PCLN)
- [By WWW.THESTREET.COM]
Also on Monday, Priceline (PCLN) will be reporting and Cramer remained bullish, while warning about the company’s historically cautious forecasts.
On Tuesday, it’s Domino’s Pizza (DPZ) , Target (TGT) and Valeant Pharmaceuticals (VRX) reporting. Cramer was bullish on Domino’s but warned it may be a target for short sellers. He was also cautiously optimistic on both Target and Valeant.
- [By Shanthi Rexaline]
The S&P 500 is celebrating 60 years of existence as an index. Launched on March 4, 1957, it consists of an assortment of stocks belonging to diverse sectors and is considered a bellwether for the U.S. economy.
Some Curious Facts About the S&P 500
The index is weighted by market capitalization, which is price multiplied by outstanding shares of the constituent stocks. In contrast, the Dow Industrials is weighted exclusively by price.
The eligibility criteria for a stock to be included in the S&P 500 Index include a market cap of $5.3 billion, U.S. headquarters, at least half a year since its IPO and four straight quarters of positive reported earnings.
The worst annual performance of the index was in 2008, when it lost 38.5 percent.
Priceline Group Inc (NASDAQ: PCLN) was the first $1000+ member of the S&P 500 Index, having scaled the barrier in 2013.
Even as we weigh in the merits of the broader gauge, let's look at some of the market innovations that can claim to be younger than the S&P 500 index itself.
- [By ]
Will Target (NYSE: TGT) get its mojo back, or will shoppers flock to Walmart (NYSE: WMT)? Which travel agent books more snow ski trips this season, Expedia (Nasdaq: EXPE) or Priceline (Nasdaq: PCLN)? Which video game console emerges on top, Microsoft’s Xbox or Nintendo’s Switch?
Hot Tech Stocks To Invest In 2018: SCIENCE APPLICATIONS INTERNATIONAL CORPORATION(SAIC)
- [By Monica Gerson]
Wall Street expects Science Applications International Corp (NYSE: SAIC) to report its quarterly earnings at $0.74 per share on revenue of $1.15 billion. SAIC shares gained 0.96 percent to $57.87 in after-hours trading.
- [By Lisa Levin]
Pyxis Tankers Inc. (NYSE: PXS) rose 47.48 percent to $$5.56, after the company announced it has entered into a definitive securities purchase agreement with a group of investors, which will result in gross proceeds of $4.8 million.
Sigma Designs Inc (NASDAQ: SIGM) rose 22.77 percent to $6.88. Silicon Laboratories (NASDAQ: SLAB) announced plans to buy Sigma Designs for $7.05 per share in cash.
Steadymed Ltd (NASDAQ: STDY) rose 19.35 percent to $3.70, after the company reported that no clinical trials were required for Trevyent and that the FDA had agreed to the pathway for the drug candidate's NDA resubmission.
Iteris, Inc. (NASDAQ: ITI) rose 15.73 percent to $7.06. Earlier in the week, Zacks Investment Research had upgraded the company from "Sell" to "Hold".
Science Applications International Corp (NYSE: SAIC) rose 13.71 percent to $85.77 as the company reported better-than-expected earnings for its third quarter.
Technical Communications Corporation (NASDAQ: TCCO) rose 12.41 percent to $6.07, after having risen sharply in pre-marketing trading.
Radius Health, Inc. (NASDAQ: RDUS) rose 12.41 percent to $30.81 after the company provided an update on data from the Phase 1 005 clinical study of elacestrant in patients with estrogen receptor positive breast cancer during the 2017 San Antonio Breast Cancer Symposium.
ForeScout Technologies, Inc. (NASDAQ: FSCT) rose 12.32 percent to $25.80 after the company reported its third quarter financial results.
Prana Biotechnology Limited (NASDAQ: PRAN) rose 11.36 percent to $3.43, as the company announced a research collaboration with Takeda Pharmaceuticals to study the ability of movement disorders compound, PBT434 to slow or prevent neurodegeneration of the gastrointestinal system.
Catalyst Biosciences, Inc. (NASDAQ: CBIO) rose 10.49 percent to $7.90 as the company announced the appointment of Arwa Shurrab and Jamie Ellen Siegel in its clinical hemophilia
- [By Monica Gerson]
Science Applications International Corp (NYSE: SAIC) is estimated to report its quarterly earnings at $0.74 per share on revenue of $1.15 billion.
Hot Tech Stocks To Invest In 2018: AirMedia Group Inc(AMCN)
- [By Paul Ausick]
AirMedia Group Inc. (NASDAQ: AMCN) posted a 52-week low of $1.04 after closing down 23% on Wednesday at $1.35. The 52-week high is $3.30. Volume was about 4 million, nearly 20 times the daily average of around 230,000 million shares. The Chinese outdoor advertising company said yesterday that it is terminating a potential go-private transaction.