Cybersecurity stocks present a compelling short-term bet for investors ahead of the 2018 midterm elections, Goldman Sachs advised clients Thursday. Pointing to an expected uptick in security spending in the run-up to November, analyst Arjun Menon told clients that the select group of stocks are likely to see upside in the months to come. “Recent […]
Read moreAT&T CEO Randall Stephenson said the chances of a successful DOJ appeal of the company’s merger with Time Warner are “remote” and that the appeal “changes nothing.” The Justice Department plans to appeal AT&T‘s $85.4 billion merger with Time Warner, according to documents released Thursday. The agency had previously declined to seek a stay, allowing […]
Read moreAmazon just hit its highest level ever. That won’t be the last record it breaks this year, says one technician. “Amazon is just a great example of momentum in markets,” Ari Wald, head of technical analysis at Oppenheimer, told CNBC’s “Trading Nation” on Thursday. “Stocks with high risk-adjusted returns over the prior year are usually […]
Read moreNetflix’s stunning rally so far this year may be due for a breather, according to Deutsche Bank. The firm told its clients Thursday the internet video streaming giant could miss Wall Street’s second-quarter subscriber expectations next week. Netflix shares are the second best-performing member of the S&P 500 this year. It’s up 115 percent year […]
Read moreTwitter CEO Jack Dorsey lost 200,000 followers on his own social network after a purge of fake followers. Twitter has been deleting so-called “locked accounts” as part of an initiative to cleanse the platform of bots. These are profiles that Twitter locks if they exhibit suspicious behavior like tweeting a large amount of unsolicited replies […]
Read moreIf you made a lot of money in the public markets over the past five years, you were probably betting big on tech and media. That’s according to a new global study from the Boston Consulting Group, which said last week that the nine companies with the highest shareholder returns from 2013 to 2017 came […]
Read moreApple in partnership with several of its suppliers announced on Thursday a $300 million fund for investing in renewable energy projects in China. The China Clean Energy Fund aims to produce at least 1 gigawatt of energy — or enough to power about 1 million homes — through fully renewable means over the next four […]
Read moreThe semiconductor company that tried and failed to buy Qualcomm has a new strategy — become a serial infrastructure software acquirer. Broadcom, which announced on Wednesday that it’s buying CA for almost $19 billion, is turning away from rolling up semiconductor companies and toward buying up mainframe and infrastructure software companies. Broadcom plans to use […]
Read moreThe Justice Department will appeal the AT&T-Time Warner merger approval, according to a court document filed Thursday. Shares of AT&T slipped more than 1 percent in after-hours trading Thursday. In June, a federal judge ruled that the $85.4 billion deal was legal and imposed no conditions on the merger. At the time, the Justice Department […]
Read moreFacebook recently closed a privacy loophole that allowed third parties to discover the names of people in private, “closed” Facebook groups. A Chrome extension that was made specifically for marketers to harvest this information en masse was also shut down prior to Facebook’s move, after the social media network issued a cease-and-desist letter to the […]
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