Toward the end of trading Friday, the Dow traded up 0.64 percent to 16,282.95 while the NASDAQ surged 1.31 percent to 4,111.77. The S&P also rose, gaining 0.76 percent to 1,823.90.
BlackBerry (NASDAQ: BBRY) swung to a loss in the third quarter.
BlackBerry posted a quarterly loss of $4.4 billion, or $8.37 per share, versus a year-ago profit of $9 million, or $0.02 per share. Its adjusted loss came in at $0.67 per share.
Its revenue dropped to $1.2 billion from $2.7 billion. However, analysts were estimating a loss of $0.44 per share on revenue of $1.59 billion. BlackBerry also entered into a five-year strategic partnership with Foxconn to develop and manufacture phones.
Hot Long Term Companies For 2014: Active Control Techn (ACTV)
The Active Network, Inc. provides organization-based cloud computing applications services to business customers in North America, Europe, and internationally. The company offers ActiveWorks, an organization-based cloud computing platform, which transforms the way organizers record, track, manage, and share information regarding activities and events. Its ActiveWorks back-office system pulls customers participant management, operational reporting, volunteer management, and service and payment processing functions into one hosted system. The company also provides consulting services, which consist primarily of business mapping, project management services, and guidance on best practices in using its services; and implementation services, including system set-up and configuration, and data conversion, as well as develops customized training and education programs relating to both the use and administration of its services. It serves a range of customers, including communit y and sports organizations, large corporations, small and medium-sized businesses, educational institutions, federal and state government agencies, non-profit organizations, and other related entities. The company was formerly known as Racegate.com, Inc. and changed its name to The Active Network, Inc. in May 2001. The Active Network, Inc. was founded in 1998 and is headquartered in San Diego, California.
- [By Rich Duprey]
As Home Depot rose in value over the past year, Active Network (NYSE: ACTV ) , an online event-management service, has been going in the opposite direction, suffering a yearlong decline that’s resulted in the loss of 70% of the company’s value. Yesterday, though, it went in the other direction, jumping more than 10% after announcing that it will soon be reporting its earnings.
- [By Eric Volkman]
Active Network (NYSE: ACTV ) is on the hunt for a new chief executive following the resignation of Matthew Landa. His place will be taken, on an interim basis, by Jon Belmonte. The appointment is effective immediately. Belmonte is the firm’s former chief media officer and COO.
- [By Selena Maranjian]
The biggest new holdings are Liberty Media and AbbVie. Other new holdings of interest include The Active Network (NYSE: ACTV ) , which specializes in online registrations for endurance events such as marathons and triathlons. The company recently signed a three-year deal with Ironman, and its most recent quarterly earnings report featured revenue up 12% and shrinking losses. Some have questioned the company’s solvency, while others like its valuation.
Hot Long Term Companies For 2014: Marvell Technology Group Ltd.(MRVL)
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone ARM-based microprocessor integrated circuits. It offers mobile and wireless products, including communications processors, applications processors, and standalone wireless products, as well as combination devices, which incorporate wireless, Bluetooth, and FM radio capability. The company also provides storage products comprising tape drive controllers, read channel, hard disk controllers, solid-state drive controllers, hybrid drive controllers, and storage-system products for hard disk drives, tape drive electronics, optical disk drives, solid-state flash drives, hybrid drives, and storage subsystems technology. In addition, it offers networking, such as switching products that enable voice, video, and data traffic to be carried through the network for the enterprise networking, carrier access, and small office/home office/residential n etworking markets; communications controller and embedded processor products; and enterprise transceiver and Ethernet connectivity products. Further, the company provides printing ASIC products; digital video processing products; and power management and green technology products, such as DSP switcher integrated regulators, analog switching regulators, and mixed-signal light-emitting diode drivers. It operates in the United States, Canada, China, Germany, Hong Kong, India, Israel, Italy, Japan, Korea, Malaysia, Netherlands, Singapore, Spain, Sweden, Switzerland, Taiwan, and the United Kingdom. The company was founded in 1995 and is based in Hamilton, Bermuda.
- [By Andrea Kramer]
Semiconductor maker Marvell Technology Group Ltd. (MRVL) stepped into the earnings confessional after the close on February 20; the company blew past analysts’ expectations, reporting earnings that more than doubled on a year-over-year basis.
- [By John Kell]
Marvell Technology Group Ltd.(MRVL) said its fiscal fourth-quarter earnings more than doubled as the chip maker reported a double-digit jump in revenue. But shares slipped 2.2% to $15.77 premarket.
- [By Paul Ausick]
Marvell Technology Group Ltd. (NASDAQ: MRVL) posted a 22.4% increase in short interest to 9.9 million shares, or about 3.1% of Marvell’s float. Over the past 12 months, the stock is up more than 57%. Shorts expect that something has to give pretty soon, especially given the company’s dependence on the disk drive business.
- [By Jim Jubak]
For his second choice, Jubak turns to Paul McWilliams, editor of Next Inning, who featured Marvell (MRVL) as one of his three 2014 Top Stock Picks.
Hot Long Term Companies For 2014: Vanguard Long Term Bond ETF (BLV)
Vanguard Bond Index Funds (the Fund), formerly Vanguard Long-Term Bond ETF, seeks to track the performance of a market-weighted bond index with a long-term, dollar-weighted average maturity. It employs a passive management or indexing strategy designed to track the performance of the Barclays Capital U.S.Long Government/Credit Bond Index (the Index). The Index includes all medium and larger issues of the United States Government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities of greater than 10 years and are publicly issued. The Fund invests by sampling the Index, meaning that it holds a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. All of the Fund’s investments will be selected through the sampling process, and at least 80% of its assets will be invested in bonds held in the Index. The Fund’s investment advisor is The Vanguard Gr oup, Inc. Advisors’ Opinion:
- [By GURUFOCUS]
In addition to individual stocks several funds pay a monthly dividend. Below is a sampling of these:
Monthly Bond Funds- iShares Barclays 1-3 Year Credit Bond (CSJ) | Yield: 1.29%
– Vanguard Short-Term Bond ETF (BSV) | Yield: 1.25%
– Vanguard Intermediate-Term Bond ETF (BIV) | Yield: 2.96%
– Vanguard Long-Term Bond ETF (BLV) | Yield: 4.42%
Hot Long Term Companies For 2014: USG Corporation(USG)
USG Corporation, through its subsidiaries, engages in the manufacture and distribution of building materials worldwide. The company offers gypsum and related products, including gypsum wallboard, joint compounds used for finishing wallboard joints, cement boards, glass mat sheathing, gypsum fiber panels, poured gypsum underlayments, ultra light panels, and various construction plaster products. Its gypsum products are used in various building applications to finish the interior walls, ceilings, and floors in residential, commercial, and institutional constructions, and repair and remodel constructions. The company also produces gypsum-based products for agricultural and industrial customers to use in various applications, including soil conditioning, road repair, fireproofing, and ceramics. In addition, it manufactures ceiling grid and acoustical ceiling tile for electrical and mechanical systems, and air distribution and maintenance applications. USG Corporation distribut es its gypsum products through specialty wallboard distributors, building materials dealers, home improvement centers and other retailers, contractors, and a network of distributors. Further, it distributes other manufacturers? gypsum wallboard, joint compound and other gypsum products, as well as drywall metal, insulation, and roofing products and accessories. The company sells its products under SHEETROCK, DUROCK, FIBEROCK, SECUROCK, LEVELROCK, RED TOP, IMPERIAL, DIAMOND, SUPREMO, AURATONE, ACOUSTONE, DONN, DX, FINELINE, CENTRICITEE, CURVATURA, and COMPASSO brands. The company was founded in 1901 and is based in Chicago, Illinois.
- [By Matt Jarzemsky]
While economists attributed some of the downtick to cold and snowy weather, some are wondering if the Federal Reserve’s plan to dial back its stimulus program this year could lead to a rise in interest rates, putting the brakes on the housing recovery. The SPDR S&P Homebuilders exchange-traded fund—which tracks a broad basket of housing-related stocks from builders to Sheetrock maker USG Corp.(USG)—is down about 3.6% year-to-date.
- [By Holly LaFon]
Pimco managing director Mark Kiesel mentions Whirlpool (WHR), Weyerhaeuser (WY), USG (USG), Toll Brothers (TOLL) and KB Home (KBH) as good plays on housing:
Hot Long Term Companies For 2014: Zillow Inc (Z)
Zillow, Inc. (Zillow), incorporated on December 13, 2004, is a real estate and home-related information marketplaces. Zillow provides products and services to help consumers through every stage of homeownership buying, selling, renting, borrowing and remodeling. The Company make home-related decisions, and enabling homeowners, buyers, sellers and renters to find and connect with local professionals. Individuals and businesses that use Zillow have updated information on more than 37 million homes and have added nearly 100 million home photos. These profiles include detailed information about homes such as property facts, listing information, and purchase and sale data. In June 2012, the Company acquired RentJuice Corporation. In October 2012, the Company acquired Buyfolio, an online and mobile collaborative shopping platform. In December 2012, the Company acquired San Francisco-based HotPads, a map-based rental and real estate search site.
Zillow generates reve nues from local real estate professionals, primarily on an individual subscription basis, and from mortgage professionals and brand advertisers. The Company’s revenues include marketplace revenues, consisting of subscriptions sold to real estate agents and advertising sold on a cost per click (CPC) basis to mortgage lenders, and display revenues consisting of advertising placements sold primarily on a cost per thousand impressions (CPM) basis. The Company provides current home value estimates, or Zestimates, and current rental price estimates, or Rent Zestimates, on approximately 100 million United States homes.
Marketplace revenues consist of subscriptions sold to real estate agents under its Premier Agent program and CPC advertising related to the Company’s Zillow Mortgage Marketplace sold to mortgage lenders. The Company’s premier agent program offers a suite of marketing and business technology solutions to help real estate agents grow their businesses and personal brands. The! premier agent program allows agents to select products and services that they can tailor to meet their business and advertising needs. In Zillow Mortgage Marketplace, participating qualified mortgage lenders make a prepayment to gain access to consumers interested in connecting with mortgage professionals. Consumers who request rates for mortgage loans in Zillow Mortgage Marketplace are presented with personalized lender quotes from participating lenders. The Company charges mortgage lenders a fee when users click on their links for more information regarding a mortgage loan quote. Mortgage lenders who exhaust their initial prepayment can then prepay additional funds to continue to participate in the marketplace.
Display revenues primarily consist of graphical Web and mobile advertising sold on a CPM basis to advertisers primarily in the real estate industry, including real estate brokerages, home builders, mortgage lenders and hom e services providers. The Company’s advertising customers also include telecommunications, automotive, insurance and consumer products companies.
- [By Rick Aristotle Munarriz]
Getty Images/Bloomberg/Gianluca Colla Companies can make brilliant moves, but there are also times when things don’t work out quite as planned. From a CEO busted for spying on a larger rival to a satellite television provider raising the bar, here’s a rundown of the week’s smartest moves and biggest blunders in the business world. DISH Network (DISH) — Winner In a deal with bigger implications than you may initially think, Disney (DIS) is giving DISH Network rights to stream live and on-demand shows from ABC, Disney and ESPN. This is a truly mobile service, opening the door for DISH to begin offering a standalone Web-based service. A lot of bigger companies than DISH have tried to talk major networks and broadcasters into similar arrangements, only to be shot down. DISH succeeded because it had a bargaining chip in its ad-skipping Hopper DVR technology. DISH agreed that users of the streaming service wouldn’t be able to zap through the commercials for newer Disney shows. Modell’s Sporting Goods — Loser Dick’s Sporting Goods (DKS) is filing a complaint in a New Jersey court after it caught Mitchell Modell — CEO of rival Modell’s — spying on it. The lawsuit claims that Modell posed as a Dick’s executive to gain access to private areas and learn business techniques at Dick’s. If the allegations hold up, Modell’s behavior was at the very least unethical, not to mention ironic — a sporting goods chain’s helmsman resorting to such unsportsmanlike conduct. Wouldn’t it have been easier to just hire a Dick’s executive? Zillow (Z) — Winner Speaking of the right way to pry away information from a competitor, Zillow announced on Wednesday night that it was bringing on a key executive from Realtor.com parent Move (MOVE). A new position of chief industry development officer is being created for Errol Samuelson, who previously served as president of Realtor.com and Move’s chief strategy officer. The beautiful thing about prying away a key employee from another
- [By DAILYFINANCE]
Gregory Bull/AP The number of Americans who signed contracts to buy homes was essentially flat in January, a possible sign of a softening real estate market. The National Association of Realtors said Friday that its seasonally adjusted pending home sales index inched up 0.1 last month to 95. The index has fallen 9 percent over the past 12 months as sales momentum has faded. Pending sales are a barometer of future purchases: A one- to two-month lag usually exists between a signed contract and a completed sale. Higher mortgage rates, rising prices and a tight supply of homes have restricted sales in recent months. Snowstorms across much of the country also delayed purchases. The Realtors project that sales will total 5 million this year, down from 5.1 million in 2013. Ian Shepherdson, chief economist at Pantheon Marcoeconomics, thinks home buying could slow further through March. “The bad news is that existing-home sales need to fall a bit further to move fully into line with the pending-sales index,” he said in a client note. The rising costs of buying a home have contributed to a slowdown in signed contracts over the past seven months. Sales of existing homes plummeted in January to the weakest pace in 18 months, the trade group said last week. Some of the price pressures will be eased if more homes come onto the market in the months ahead. One way to increase the supply is through the construction of new homes, a sector not measured by the Realtors’ indicator on sales. Purchases of new homes rose 9.6 percent in January to a seasonally adjusted annual rate of 468,000, the Commerce Department said this week. That was the fastest pace since July 2008 and could lead to an uptick in construction. More homeowners might also choose to put their properties on the market, a possibility suggested by a decline in underwater mortgages at the end of 2013, according to a report Friday by real estate data provider Zillow (Z). Homeowners are considered underwate
Hot Long Term Companies For 2014: Avago Technologies Limited(AVGO)
Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Its product portfolio comprises RF amplifiers, RF filters, RF front-end modules, ambient light sensors, light emitting diodes, low noise amplifiers, mm-wave mixers, optical finger navigation products, diodes, fiber optic transceivers, serializer/deserializer ASICs, motion control encoders and subsystems, optocouplers, and optical mouse sensors. The company?s products are used in cellular phones, consumer appliances, data networking and telecommunications equipment, enterprise storage and servers, renewable energy and smart power grid, factory automation, displays, optical mice, printers, voice and data communications, keypad and display backlighting, backlighting control, base stations, storage area networking, in-car infotainment, lighting, motor controls, power supplies, and optical disk drives applications. It markets its produ cts through a network of distributors and its direct sales force worldwide. The company sells approximately 6,500 products to original equipment manufacturers of wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals markets. Avago Technologies Limited was founded in 2005 and is based in Singapore.
- [By Mani]
Avago Technologies Ltd (NASDAQ:AVGO) should benefit from the robust LTE market in China in the first half of 2014. The company is seeing order strength from low-end, mid, and high-end segments primarily from bands 38-41.
- [By Paul Ausick]
Avago Technologies Ltd. (NASDAQ: AVGO) has a Sterne Agee price target of $65.00 and closed on Friday at $51.65 in a 52-week range of $30.57 to $54.54. The upside potential is 25.8%. The Thomson Reuters consensus estimate for fiscal 2014 earnings per share (EPS) is $3.34 and the 2015 EPS estimate is $3.81. The 2015 price-to-earnings (P/E) ratio works out to 13.56, and Sterne Agee sees a “secular tailwind” for the stock from a variety of drivers. The stock was trading down about 5% in premarket trading Monday morning.
- [By Lee Jackson]
Avago Technologies Ltd. (NASDAQ: AVGO) has entered into a definitive agreement to acquire LSI for $6.6 billion in cash. LSI shareholders will receive a cash payment of $11.15 for each LSI share. The strategic move was aimed to diversify Avago’s existing business line from wired infrastructure, wireless and industrial businesses to the storage chip market to boost revenues in the face of industry consolidation and challenging macroeconomic conditions. Investors are paid a 1.9% dividend. Merrill Lynch has a $60 price target, the same as the consensus target. Avago closed Thursday at $51.44.
Hot Long Term Companies For 2014: Biomerieux SA (BIM)
Biomerieux SA is a France-based company that specializes in the field of in-vitro diagnostics for medical and industrial applications. The Company designs, develops, manufactures and sells systems used in clinical applications, such as for the diagnosis of tuberculosis, respiratory infections, among others and industrial applications, such as for the analysis of industrial or environmental samples. The Company also provides its customers with related services for the installation and maintenance of instruments, and training for product users. BioMerieux SA operates through its numerous subsidiaries in various countires, such as bioMerieux Deutschland GmbH, bioMerieux Austria GmbH, bioMerieux Benelux SA/NV, among others. In January 2014, it acquired 100% stake in BioFire Diagnostics Inc. Advisors’ Opinion:
- [By Jonathan Morgan]
BioMerieux (BIM) jumped 3.8 percent to 76.53 euros, the largest gain in eight months. The French maker of tests for HIV and hepatitis reported sales for the first half of 754 million euros and confirmed its revenue-growth forecast.
Hot Long Term Companies For 2014: Partner Communications Company Ltd.(PTNR)
Partner Communications Company Ltd. provides various telecommunications services in Israel. It offers cellular telephony services on GSM/GPRS and UMTS/HSDPA networks. The company also provides basic services, including domestic mobile calls, international dialing, roaming, voice mail, short message services, intelligent network services, content based on its cellular portal, data and fax transmission, and other services. In addition, it offers Internet services provider services that provides access to the Internet, as well as home WiFi networks; value added services, such as anti-virus and anti-spam filtering; and transmission services; and Web video on demand services, music tracks, and games. Further, the company provides voice over broadband and primary rate interface fixed-line telephone services; and data capacity services. Additionally, it offers content services comprising voice mail, text, and multimedia messaging, as well as downloadable wireless data application s, including ring tones, music, games, and other informational content; and sells handsets, phones, routers, and related equipment. The company markets its products through its sales centers, business sales representatives, traditional networks of specialized dealers, and non-traditional networks of retail chains and stores under the Orange brand name. Partner Communications Company Ltd. was founded in 1997 and is headquartered in Rosh Ha-ayin, Israel.
- [By Roberto Pedone]
Another under-$10 wireless telecom player that’s starting to move within range of triggering a major breakout trade is Partner Communications (PTNR), a telecommunications company, provides cellular and fixed-line telecommunication services in Israel. This stock is off to a strong start in 2013, with shares up sharply by 29%.
If you take a look at the chart for Partner Communications, you’ll notice that this stock has been trending sideways for the last month, with shares moving between $7.28 on the downside and $7.96 on the upside. Shares of PTRN are bucking the overall market weakness today as the stock starts to move within range of triggering a breakout trade above the upper-end of its sideways trading chart pattern.
Market players should now look for long-biased trades in PTNR if it manages to break out above some near-term overhead resistance levels at $7.80 to $7.85 a share and then once it clears its 52-week high at $7.96 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average volume of 107,303 shares. If that breakout triggers soon, then PTNR will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $10 to $12.20 a share.
Traders can look to buy PTNR off any weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $7.38 to $7.28, or below its 50-day at $6.97 a share. One can also buy PTNR off strength once it clears those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
Hot Long Term Companies For 2014: Kulicke and Soffa Industries Inc.(KLIC)
Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and expendable tools used to assemble semiconductor devices, including integrated circuits, high and low powered discrete devices, light-emitting diodes, and power modules. It also services, maintains, repairs, and upgrades its equipment. The company operates in two segments, Equipment and Expendable Tools. The Equipment segment manufactures and sells a line of ball bonders, heavy wire wedge bonders, stud bumpers, and die bonders. Its Ball bonders are used to connect very fine wires, primarily made of gold or copper, between the bond pads of the semiconductor device or die, and the leads on its package; Heavy wire wedge bonders are used in the power semiconductor and automotive power module markets; and Die bonders are used to attach a die to the substrate or lead frame, which will house the semiconductor device. This segment?s Stud bumpers mechanically apply bumps to die, while still in the wafer format, for some variants of the flip chip assembly process. The Expendable Tools segment manufactures and sells various expendable tools for a range of semiconductor packaging applications. Its products include capillaries, bonding wedges, and saw blades. The company?s customers primarily comprise semiconductor device manufacturers, outsourced semiconductor assembly and test providers, other electronics manufacturers, and automotive electronics suppliers in the United States and the Asia/Pacific region. Kulicke and Soffa Industries sells its products through manufacturers? representatives and distributors. The company was founded in 1951 and is headquartered in Singapore.
- [By Brian Pacampara]
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool’s free investing community, chip equipment maker Kulicke and Soffa Industries (NASDAQ: KLIC ) has earned a coveted five-star ranking.