This post was published on ZYX Buy Change Alert. Yesterday evening, Twitter announced that it will list its stock on the New York Stock Exchange (NYSE). This is a coup for NYSE as Twitter is the highest profile IPO of 2013. The road show is likely to begin on October 25th and
(Subscribers to ZYX Buy Change Alert have been provided a precise zone where to buy and how much to buy.) On Tuesday, Microsoft MSFT announced that it is buying Nokia NOK ’s device business and also licensing certain intellectual property from Nokia. There has been much negative commentary. For example Morgan Stanley MS downgraded Microsoft, and investors voted with their money
This post was just published on ZYX Global Multi Asset Allocation Alert. The purpose of this post is to help subscribers understand the recommendation on SPHB. The reason behind its selection is not its beta but its composition. According to our models, in the fourth quarter of 2013 and the first
Yesterday after the close, Google GOOG (GOOG) reported earnings of $9.56 per share, excluding items, compared to consensus of $10.78. Revenues came at $14.11 billion compared to the consensus forecast of $14.40 billion. Operating margins came at 28% compared to 33% for the same quarter in 2012. As I listened to Google’s
It appears the next big thing in smartphones is coming neither from Samsung nor Apple but from Google . Last week at All Things D, Dennis Woodside, CEO of Motorola, announced Moto X. Moto X may turn out to be the next big thing in smartphones because of the emphasis on making
Yesterday after the market close, the Federal Reserve announced the results of Comprehensive Capital Analysis and Review (CCAR). In CCAR, the Fed evaluates capital ratios under distressed financial and economic conditions, the plan to comply with Basel 3 capital requirements, and the capital planning process. The Fed approved capital plans
On Thursday, Moody’s downgraded 15 banks. On the surface it seems counterintuitive, but the downgrade is positive for JP Morgan (JPM), Morgan Stanley (MS) and Bank of America (BAC) . My 30 years in markets have taught me that it is always positive when an overhang is lifted. Back in
A number of media sources are reporting that Facebook will file for an initial public offering next week. Apparently,Morgan Stanley is to be the lead underwriter. Goldman Sachs is also expected to play a major role. Facebook, with its 800 million members, has become the new standard platform for
Bank of America (BAC), Goldman Sachs (GS), and Morgan Stanley (MS) are rocketing as of this writing. Financial sector, as represented by ETF SPDR Select Sector Fund – Finan (XLF) is one of the top performing sectors in 2012. Subscribers to ZYX Global Multi Asset Allocation Alert have achieved a
It appears that a big European bank got close to failure last night. European banks, especially French banks, rely heavily on funding in the wholesale money markets. It appears that a major bank was having difficulty funding its immediate liquidity needs. The cavalry was called in and has