The controversy over in-game microtransactions will have a lasting negative impact on game publishers, according to one Wall Street firm. Cowen reiterated its market perform ratings for Activision Blizzard’s and Electronic Arts’ shares, citing increasing development costs. “Game development times are getting longer, and R&D costs are growing faster than they had previously,” analyst Doug […]
Read moreBig Macs and lattes will be purchased by cryptocurrencies sooner than you might think, according to venture capitalist and bitcoin fanatic Tim Draper. “In five years, if you go to a Starbucks or McDonald’s and try to buy a burger or coffee with fiat currency, the person at the counter is going to laugh at […]
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U.S. officials created a small firestorm with their dollar comments in the chilly air of Davos this week, but a much more important factor for the future of the currency will be what they say and do about trade when they leave Switzerland. Strategists say the dollar could consolidate now after its latest bout of […]
Read moreSo long millennials. Baby boomers are the next big growth opportunity for tech, particularly for internet companies tied to smartphone use, according to Evercore ISI Senior Media and Internet Analyst Anthony DiClemente. “As you think about saturation of the younger demographic, [boomers are] a demographic, along with international, that could really drive the growth,” DiClemente […]
Read moreGrowing up in the investment business, I learned cynicism from some great investors. I try to apply it every day, because trust and gullibility are two key ingredients for a short investment career. We look carefully through what others call “trash” and search for flaws undetected in “darlings.” I cringe at throwaway expressions that symbolize […]
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Oil prices could tumble as much as $8 a barrel in the coming weeks as one of the three legs propping up an unexpected rally looks “wobbly,” Societe Generale’s Mark Keenan warned on Friday. The rally in oil prices has exceeded many analysts’ expectations, leading to a flurry of revised forecasts as benchmark crude futures […]
Read moreAndrew Left is bullish on shares of Twitter at its current price level. Twitter is “a compelling product,” Left said in an interview on CNBC’s “Halftime Report” Friday. “When you compare the market cap to Facebook, it has a long way to go. … It’s a compelling platform for where its trading.” Twitter has a […]
Read moreAmazon shares have surged 20 percent this year, but one technician warns the stock could see a pullback in the near future. Craig Johnson, senior technical strategist at Piper Jaffray, is concerned that Amazon shares are trading in overextended territory and said it could be following a pattern from years past. “It’s very similar to […]
Read moreIntel surged to its highest levels since September 2000 on Friday, up as much as 10 percent, boosted by better-than-expected earnings, improved guidance, and a 10 percent dividend increase. The company beat Wall Street estimates when it reported earnings Thursday. That is being viewed by some that the chip vulnerabilities Meltdown and Spectre, revealed earlier […]
Read moreMarket-beating money manager Jeff Vinik is bullish on stocks for now, but warns we are in the latter stages of the market rally. “We’ve got a huge amount of momentum, not only market momentum, but economic momentum right now. The Trump tax cuts are certainly a tailwind for us. Worldwide, the economy is very strong, […]
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