December 2, 2013: U.S. equity markets opened mixed Monday morning and got a small boost from a decent report from ISM on manufacturing. The uptick didn’t hold though and stocks ended the day on a down note. The rather weak reports on consumer spending on the four-day holiday weekend likely held stocks down in trading today.
European and Latin American markets closed lower today, while Asian markets closed mixed
Tuesday’s calendar includes carmakers’ reports on November sales and the following scheduled data releases and events (all times Eastern):
11:30 a.m. – 4-week bill auction 1:00 p.m. – 3- and 6-month bill auctions
Here are the closing bell levels for Monday:
S&P500 1800.90 (-4.91; -0.27%) DJIA 16008.71 (-77.70; -0.48%) NASDAQ 4045.26 (-14.63; -0.36%) 10YR TNOTE 2.798% (-0.4375) Gold $1,221.90 (-28.50; -2.3%) WTI Crude oil $93.82 (+1.10; +1.2%) Euro/Dollar: 1.3535.38(-0.0049; -0.35%)
Big Earnings Movers: B.O.S. Better Online Solutions Ltd. (NASDAQ: BOSC) is up 71% at $7.54.
Top 10 Internet Stocks To Invest In Right Now: Google Inc.(GOOG)
Google Inc. maintains an index of Web sites and other online content for users, advertisers, and Google network members and other content providers. It offers AdWords, an auction-based advertising program; AdSense program, which enables Web sites that are part of the Google Network to deliver ads from its AdWords advertisers; Google Display, a display advertising network that comprises the videos, text, images, and other interactive ads; DoubleClick Ad Exchange, a real-time auction marketplace for the trading of display ad space; and YouTube that provides video, interactive, and other ad formats for advertisers. The company also provides Google Mobile that optimizes Google?s applications for mobile devices in browser and downloadable form; and enables advertisers to run search ad campaigns on mobile devices, as well as Google Local that provides local information on the Web; and Google Boost for small businesses to participate in the ads auction. In addition, it offers And roid, an open source mobile software platform; Google Chrome OS, an open source operating system; Google Chrome, a Web browser; Google TV, a platform for the consumers to use the television and the Internet on a single screen; and Google Books platform to discover, search, and consume content from printed books online. Further, the company provides Google Apps, a cloud computing suite of message and collaboration tools, which includes Gmail, Google Docs, Google Calendar, and Google Sites; Google Search Appliance that offers real-time search of business and intranet applications, and public Web sites; Google Site Search, a custom search engine; Google Commerce Search for online retail enterprises; Google Checkout to make online shopping and payments streamlined and secure; Google Maps Application Programming Interface; and Google Earth Enterprise, a firewall software solution for imagery and data visualization. Google Inc. was founded in 1998 and is headquartered in Mountain View, California.
- [By MONEYMORNING.COM]
Likewise, Apple’s iOS operating system was used on approximately 15.5% of smartphones worldwide in 2013. That compares to Google Inc.’s (Nasdaq: GOOG) Android operating system, which claimed nearly 79% of the market.
- [By Reuters]
Marcio Jose Sanchez/APThe Nest smoke and carbon monoxide alarm. SAN FRANCISCO — Nest Labs, the maker of smart thermostats that Google (GOOG) acquired for $3.2 billion, called a halt to all sales of its smoke alarms Thursday after it discovered a possible defect that could cause users to turn it off unintentionally. Nest co-founder and Chief Executive Officer Tony Faddell said that, under a unique set of circumstances the alarm’s “Nest Wave” feature, which allows a user to switch off the device with a wave of the hand, could be inadvertently activated. Faddell, one of the creators of Apple’s (AAPL) iPod, apologized in the blogpost for a problem that was discovered during recent laboratory testing. He added that no customer had complained so far. “We observed a unique combination of circumstances that caused us to question whether the Nest Wave … could be unintentionally activated. This could delay an alarm going off if there was a real fire,” he said. “The fact that it could even potentially happen is extremely important to me and I want to address it immediately.” He didn’t specify that set of circumstances. Nest will immediately disable the Wave feature — one of many innovative design elements that has won the company and its devices acclaim — in all smoke alarms that are Wi-Fi connected while it works on a software update to fix the possible defect. It said the fix, plus regulatory approvals, could take two to three months to complete. Customers without Wi-Fi connected devices should either disable it or return it for a full refund, the company added. Nest halted all sales of its smoke alarms to prevent customers from buying a device that would need an immediate software patch. Google announced plans in January to acquire Nest via its second largest deal, to expand into a broader array of devices and bring valuable hardware design expertise in-house. Nest gained a large following with its first thermostat — a round, brushed-metal device wi
Top 10 Internet Stocks To Invest In Right Now: Amazon.com Inc.(AMZN)
Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates retail Web sites, including amazon.com and amazon.ca. The company serves consumers through its retail Web sites and focuses on selection, price, and convenience. It also offers programs that enable sellers to sell their products on its Web sites, and their own branded Web sites. In addition, the company serves developer customers through Amazon Web Services, which provides access to technology infrastructure that developers can use to enable virtually various type of business. Further, it manufactures and sells the Kindle e-reader. Additionally, the company provides fulfillment; miscellaneous marketing and promotional agreements, such as online advertising; and co-branded credit cards. Amazon.com, Inc. was founded in 1994 and is headquartered in Seattle, Washington.
- [By Sue Chang]
Other high-profile stocks that also entered bear territory following Friday’s rout are Amazon.com Inc. (AMZN) and Pandora Media Inc. (P) .
- [By Ben Levisohn]
Only the Nasdaq Composite showed the true destruction: It fell 2.6% to 4,127.73 on Friday and finished off 0.7% on the week. Among the big losers: E*Trade Financial (ETFC), which plunged 9.6% to $20.43 on concerns about its “pay for order flow” practices, Akamai Technologies (AKAM), which fell 6.7% to $54.35, Netflix (NFLX), which dropped 6% to $337.31 despite the fact that it might get a boost from Amazon’s (AMZN) new set-top box. Regeneron Pharmaceuticals (REGN) dropped 4.9% to $285.34 as biotech stocks got drubbed.
Top 10 Internet Stocks To Invest In Right Now: IAC/InterActiveCorp (IACI)
IAC/InterActiveCorp engages in the Internet business in the United States and internationally. The companys Search segment develops, markets, and distributes various downloadable toolbars; provides search, reference, and content services through its destination search and other Websites, including Ask.com and Dictionary.com; and aggregates and integrates local advertising and content for distribution to publishers on Web and mobile platforms, as well as markets and distributes mobile applications through which it provides search and additional services. Its Match segment offers subscription-based and advertiser-supported online personals services through its Websites comprising Match.com, Chemistry.com, OurTime.com, BlackPeopleMeet.com, and OkCupid.com, as well as through mobile applications and Meetic-branded Websites. The companys ServiceMagic segment offers Market Match service that matches consumers with service professionals; Exact Match service, which enables con sumers to review service professional profiles and select the service professional that meets their specific needs; and 1800Contractor.com, an online directory of service professionals. This segment also offers Website design and hosting services. Its Media and Other segment operates CollegeHumor.com, an online entertainment Website that targets young males; Vimeo, a Website on which users can upload, share, and view video; and Pronto.com, a comparison search engine. This segment also engages in the creation of video content for various distribution platforms; and operates as an Internet retailer of footwear and related apparel and accessories, as well as focuses on multimedia business. The company was formerly known as InterActiveCorp and changed its name to IAC/InterActiveCorp in July 2004. IAC/InterActiveCorp was founded in 1986 and is headquartered in New York, New York.
- [By John Kell]
IAC/InterActiveCorp(IACI). said its fourth-quarter earnings jumped 89% as the Internet firm managed to offset a decline in search and media revenue with cost cutting. Revenue missed estimates, sending shares down 5.6% to $65 in light premarket trading.
- [By Eric Volkman]
AP/Jim Mone Is Bitcoin a slam-dunk as the currency of the future? The Sacramento Kings seem to think so. The NBA team recently became the first pro sports franchise to accept Bitcoin as a form of payment. Basketball fans will be able not only to purchase tickets and merchandise online with the digital cryptocurrency, but also to use it to buy souvenirs at the arena come game time. The team is the latest in a growing number of commercial entities finding a slot in their virtual cash registers for Bitcoin. Little by little, momentum is building for a widespread acceptance of the upstart currency. Overstocking The Kings’ drive towards the Bitcoin basket comes a week after the big online retailer Overstock.com (OSTK) announced it would start accepting payments in the currency. The move was an instant hit — the first day the company had the nifty Bitcoin button as an option in its shopping cart, its customers used it to make more than 800 transactions for total sales of around $130,000. Overstock.com was by no means the first online marketplace to accept the currency. Numerous web retailers have been doing so for some time. It’s a natural fit, %VIRTUAL-article-sponsoredlinks in a way, since Bitcoin exists solely in the digital realm. Customers booking flights on discount travel operator CheapAir.com, for example, can use Bitcoin to buy their tickets, as can love seekers on dating site OkCupid, owned by IAC/InteractiveCorp (IACI). These digital players are going to have plenty of company. Earlier this month, online games purveyor Zynga (ZNGA) started to dip its toes in the water, announcing that it was testing Bitcoin payments for some of its titles in conjunction with specialist transaction facilitator BitPay. But if Overstock.com didn’t get there first, it’s still the largest and most prominent e-retailer to take the Bitcoin plunge thus far. This is a big win for the currency and its advocates, and Overstock.com will surely be followed by more well-known comp
Top 10 Internet Stocks To Invest In Right Now: eBay Inc.(EBAY)
eBay Inc. provides online platforms, services, and tools to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. Its Marketplaces segment operates ecommerce platform eBay.com; vertical shopping sites, such as StubHub, Fashion, Motors, and Half.com; and classifieds Websites, including Den Bl