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A regulatory panel has decided that barred broker and current radio host Dawn Bennett must pay a client over $1 million in compensation and fees for investments in SPDR Gold ETFs.
The Miami-based Financial Industry Regulatory Authority panel ruled that Bennett, Western International Securities and Bennett Group Financial Services are required to give Steven Santagati, a dating counselor, about $764,000 in compensation and nearly $280,000 to cover legal and related fees.
The host of a radio show, “Financial Myth Busting With Dawn Bennett,” and her firm are accused of inflating their…
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Top Tech Stocks To Watch For 2018: Identiv, Inc.(INVE)
- [By Lisa Levin]
The industries that are driving the market today are:
Cement: This industry gained 3.4 percent by 2:30 pm. The top stock within the industry was Cemex SAB de CV (ADR) (NYSE: CX), which gained 4.7 percent. Cemex’s PEG ratio is 0.16.
Computer Peripherals: This industry rose 2.6 percent by 2:30 pm ET. The top performer in this industry was Identiv Inc (NASDAQ: INVE), which gained 13.5 percent. Identiv shares have climbed 44.83 percent over the past 52 weeks, while the S&P 500 index has increased 8.61 percent in the same period.
Internet Service Providers: The industry gained 2 percent by 2:30 pm. The top performer in this industry was TrueCar Inc (NASDAQ: TRUE) which gained 3.4 percent. TrueCar shares have jumped 60.90 percent over the past 52 weeks, while the S&P 500 index has increased 8.61 percent in the same period.
Regional – Southwest Banks: This industry moved up 1.9 percent by 2:30 pm. The top performer in this industry was Veritex Holdings Inc (NASDAQ: VBTX), which rose 6.6 percent
Top Tech Stocks To Watch For 2018: Twitter, Inc.(TWTR)
- [By Benzinga News Desk]
Twitter Inc (NYSE: TWTR) is launching a faster version of its mobile service on Wednesday aimed at people with sporadic connections or little data on their smartphone plans, hoping to pick up users in harder-to-reach emerging markets: Link
- [By Adam Levy]
Advertisers spent just 6% more on Twitter (NYSE:TWTR) ads last quarter than they did in the same period a year ago, a decrease from the 18% year-over-year jump seen in the previous quarter. Meanwhile, Facebook (NASDAQ:FB) has seen its ad revenue growth accelerate. Ad revenue increased 59% year over year last quarter, up from 45% growth in the third quarter last year.
- [By Money Morning News Team]
By 2018, Bloomberg projects Snapchat will generate $1.78 billion in revenue. The revenue growth rate is impressive. It will take Snapchat seven years to reach that figure, while it took Twitter Inc. (NYSE: TWTR) nine years to reach $2.2 billion in revenue.
- [By Elizabeth Balboa]
Social platforms have come to serve as both combat zones and weapons, arenas for verbal sparring, secret leaking and election influencing. If social media become official weaponry, Twitter Inc (NYSE: TWTR), Facebook Inc (NASDAQ: FB) or Snap Inc (NYSE: SNAP) may soon become line items on U.S. defense budgets.
- [By William Romov]
Or the Twitter Inc. (Nasdaq: TWTR) IPO, where the stock climbed 65.66%, to $69, before losing 68.33% of its share value.
And then there was the Snap Inc. (NYSE: SNAP) IPO, which opened at $24.48 but has since fallen 45.67% to $13.30, where it currently trades. Money Morning Chief Investment Strategist Keith Fitz-Gerald called the Snap IPO the most dangerous IPO he’s ever seen.
- [By Andrew Tonner]
IPOs like Snap are a rare breed. In looking for companies comparable to it, I looked for listings that sported a post-IPO valuation above $5 billion, went pubic after 2010, and employ a consumer-facing business model. This resulted in an admittedly small sample of highly hyped tech IPOs including Facebook (NASDAQ:FB), Twitter (NYSE:TWTR), Groupon (NASDAQ:GRPN), and Zynga (NASDAQ:ZNGA). For transparency’s sake, I opted to not include Chinese e-commerce giant Alibaba in this list because its geographic focus and scale made it fundamentally different than the above tech IPOs, although including it wouldn’t have changed the outcome of this analysis.
Top Tech Stocks To Watch For 2018: Applied Micro Circuits Corporation(AMCC)
- [By Piyush Arora]
AMD, along with other server-grade chip manufacturers such as Qualcomm (NSDQ:QCOM), Cavium (NSDQ:CAVM) and AMCC (NSDQ:AMCC), operates in the remaining minuscule 0.8% of the market. So, each of the aforementioned companies operate with a practically non-existent market share, compared to Intels shipments of course. This also means that these firms (AMD, Qualcomm etc.) have plenty of room to grow. This would be subject to good product releases of course, but at least this way, the law of large numbers isnt working against them.
Top Tech Stocks To Watch For 2018: Veeco Instruments Inc.(VECO)
- [By WWW.GURUFOCUS.COM]
VECO (NASDAQ:VECO) contributed 1.16% to the Fund’s quarterly return, nearly equaling AAN’s contribution in the quarter. VECO appreciated over 48% in the quarter due to an acceleration of orders for its key MOCVD tools. These tools are the main manufacturing equipment used to produce LEDs, whether they are for display screens or, increasingly, for lighting products. We estimate that VECO currently has roughly 80% global market share for MOCVD tools used to make LEDs.
- [By Paul Ausick]
Veeco Instruments Inc. (NASDAQ: VECO) dropped nearly 26% Friday to post a new 52-week low of $10.85 after closing at $14.65 on Thursday. The 52-week high is $34.38. Volume was around 5.8 million, about 10 times the daily average of around 584,000. The company reported late yesterday that it had received an unfavorable patent ruling in China.
- [By Lisa Levin]
Thursday afternoon, the information technology sector proved to be a source of strength for the market. Leading the sector was strength from QuickLogic Corporation (NASDAQ: QUIK) and Veeco Instruments Inc. (NASDAQ: VECO).