8 September, 2014 by The TZ Newswire Staff Comments Off on Avago Technologies Not Ready To Rest On Its Laurels
Avago Technologies Not Ready To Rest On Its Laurels
Avago Technologies (AVGO) has done well selling its smartphone chips to customers like Apple (AAPL) and Samsung, but its recent acquisition of LSI Logic shows the company has no intention on resting on its laurels. Avago diversified its product lineup with its buy of LSI Logic, announcing plans to acquire the chipmaker in December for $6.6 billion.
8 September, 2014 by The TZ Newswire Staff Comments Off on Steaming Hot Coffee ETNs Lead The Pack
Steaming Hot Coffee ETNs Lead The Pack
Coffee prices could be poised to rise faster than steam off a piping-hot cappuccino. That’s according to commodity experts, who point to Brazil’s worst drought in 40 years that has ravaged its agricultural crops. The Latin American country is the world’s largest coffee producer, accounting for roughly a third of global output.
8 September, 2014 by The TZ Newswire Staff Comments Off on Why Volume Tells If There’s Conviction Behind A Move
Why Volume Tells If There’s Conviction Behind A Move
Volume is key when a stock stages a breakout from a base. But it’s also important to study changes in the level of activity in the overall market. Market volume is simply the number of shares that changed hands between buyers and sellers on major stock exchanges such as the Nasdaq and the NYSE. Market volume is also a major determinant behind the conviction in a move.
8 September, 2014 by The TZ Newswire Staff Comments Off on New Highs Monday Vary From Strong To Tentative
New Highs Monday Vary From Strong To Tentative
New highs delivered a mixed bag Monday. The quality of the moves to 52-week highs varied from strong to tentative. Vasco Data Security International (VDSI) gapped up to a new high in heavy volume. Although the stock trades about 445,000 shares daily, the average daily dollar volume is $7.7 million, which is on the light side. Low daily dollar volume makes it tough for big funds to take positions in a stock.
8 September, 2014 by The TZ Newswire Staff Comments Off on China Mobile Rallies As It Shifts Strategy
China Mobile Rallies As It Shifts Strategy
Shares of China Mobile (CHL) have been rallying, and the stock is trading at five-year highs. The surge followed the company’s latest quarterly report. The results weren’t so impressive, but China Mobile announced a shift in strategy aimed at controlling sales costs. China Mobile and other Chinese wireless companies are trimming subsidies for new phones and are instead lowering monthly fees. Analysts have responded positively.
8 September, 2014 by The TZ Newswire Staff Comments Off on SAC’s Martoma gets nine years prison for insider trading
SAC’s Martoma gets nine years prison for insider trading
Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen’s SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called the most lucrative insider trading scheme in U.S. District Judge Paul Gardephe in New York also ordered Martoma, 40, to forfeit $9.3 million. Prosecutors accused Martoma of making illegal trades in pharmaceutical stocks based on tips about a clinical trial for an Alzheimer’s drug. They said those trades enabled SAC to generate about $275 million of illegal gains.
8 September, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Fed to hit biggest U.S. banks with tougher ‘capital surcharge’
The Wall Street Journal: Fed to hit biggest U.S. banks with tougher ‘capital surcharge’
The Fed is preparing to hit the biggest U.S.