AQR Capital Management’s Cliff Asness has launched a healthy discussion about the trials and tribulations of factor timing with a new essay (“The Siren Song of Factor Timing”). He’s recommends that investors steer clear, which is good advice because the crowd’s record, in the aggregate, to successfully engage in market-timing activities generally is overwhelmingly poor. But Asness isn’t an absolutist. Instead, he notes that sometimes the perceived opportunities for engaging in a bit of timing are just too compelling to pass up.
“If you do decide to time factors, not something that I rule out entirely, and if timing is a ‘sin’, then you should ‘sin’ only a little,” Asness recently wrote on his firm’s web site. In the “Siren Song” paper, which is forthcoming in the Journal of Portfolio Management, he points to the extreme excesses of the tech bubble in 1999-2000 and the related decline and fall of the value factor as an example.
Top 5 Tech Companies To Watch For 2016: Tableau Software, Inc.(DATA)
Tableau Software, Inc. (Tableau), incorporated on July 19, 2004, offers software products. The Company’s technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Company’s Live Query and In-Memory Data Engines technologies. The Company’s products are Tableau Desktop, a self-service analytics product; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service (SaaS) version of Tableau Server; Tableau Public, a cloud-based platform for analyzing and sharing public data, and Vizable, an iPhone operating software (iOS) application used to analyze data on a tablet. The Company’s products are used by people across a range of organizations, including small and medium-sized businesses, government agencies, universities, research institutions and non-profits
The Company’s VizQL is a computer language for describing pictures of data, including tables, graphs, charts, maps, time series and tables of visualizations. VizQL statements define the mapping from records returned from a database to graphical marks on a screen. VizQL procedures define both the resulting picture and the database query. VizQL’s interpreter is optimized for interactive use, enabling visualization and drawing of data sets. Tableau’s Live Query Engine interprets abstract queries generated by VizQL into syntax understandable by database systems. Queries generated by the Company’s Live Query Engine are interpreted and run by the database, with only the results of each query rendered. Its Live Query Engine is compatible with over 40 data sources. The Company’s In-Memory Data Engine allows people to analyze data independently of database systems. Tableau’s In-Memory Data Engine is based on a column-oriented format and analyzes data in random access memor y (RAM).
The Compa! ny’s Tableau Desktop product provides a visual window into data trapped in spreadsheets and databases by integrating data analysis and visualization. Tableau Desktop’s capabilities include visual analytics, analytical depth, data access, live query, in-memory query, data integration, and sharing and presentation. Tableau Desktop’s interface is built on VizQL, which is capable of describing visual presentations of data, including tables, maps, time series, dashboards and tables of graphs. Users of Tableau Desktop can filter and sort their data, create calculations, drill into underlying information, define sets and cohorts, perform statistical analysis and derive correlations between various data sets. Tableau Desktop lets people access and query a range of data sources, from traditional database systems, such as Oracle and Structured Query Language (SQL) Server, to new data stores, including SAP HANA and Amazon Redshift, to Web applications, such as Salesforce and Google Ana lytics, to spreadsheets and files, to newly emerging data sources, including Hadoop and NoSQL databases. Tableau Desktop translates users’ interactions into live queries. Tableau Desktop generates queries in a range of query languages, including SQL, Multidimensional Expressions (MDX) and Salesforce Object Query Language (SOQL). Tableau Desktop contains an in-memory data engine that can be used for analysis. Tableau Desktop provides various ways for people to combine data without requiring a typical data loading and transformation project. Tableau Desktop allows users to author and distribute visualizations and dashboards. Users can publish their workbooks to Tableau Server or Tableau Online enabling others in the organization to access them using a Web browser or a mobile device.
The Company’s Tableau Server product has capabilities, such as shared content, shared data, universal access, integration, scalability, security and adminis tration. Tableau Server provides a repository of shared visu! alization! s and dashboards within an organization. Tableau Server is a platform for shared analysis and shared data. Tableau Server enables sharing of content across desktop, mobile and Web clients. Tableau Server offers application program interfaces (APIs) that help developers, customers and partners embed and control the Company’s software from portals, Websites and other enterprise applications. The Company also offers command line utilities to automate management tasks and data upload tools to move data into Tableau Server. Tableau provides APIs to allow administrators to automate routine management processes. Tableau Server provides a security model that includes authentication, data and network security. Tableau Server is also built on a multi-tenant architecture that allows administrators to partition a single system across user populations, providing for separation of content.
The Company’s Tableau Online product is built on the Tablea u Server platform. Tableau Online runs in a data center and can be accessed by clients remotely using Tableau Desktop, a browser or a mobile device. Its capabilities include Hybrid data connectivity and On-premises data sync. Tableau Online supports both live connectivity and in-memory extracts of cloud databases, including Amazon Redshift, Google BigQuery and Microsoft SQL Azure. Tableau Online provides synchronizing of on-premises data, such as Microsoft Excel and Oracle to the cloud. This enables customers to keep their data.
The Company’s Tableau Public product is a cloud-based offering that is available for anyone to use with public data. Tableau Public allows users of various backgrounds, from bloggers and journalists to researchers to government workers, to visualize public data on their Websites. Using Tableau Public, data can be transformed into interactive graphs, dashboards and maps to be seen on the Web. Tableau Public’s c apabilities include Web scale, Embedding and social reach. T! ableau Pu! blic is a scalable, multi-tenant, online infrastructure that is based at a third-party Web hosting facility. Tableau Public views can be embedded in Web pages and blogs.
The Company’s Vizable turns data into graphs that can be shared directly from an iPad. Vizable is an offering that enables users to explore data without requiring a server or any cloud-based services. It queries data, aggregates, and generates a visualization on the tablet. With Vizable, people can interact with their data anywhere by using hand gestures, such as pinching, swiping, and dragging to receive instant feedback.
The Company competes with Amazon.com, Inc., Google Inc., IBM, Microsoft Corporation, Oracle Corporation, Salesforce, SAP SE, Qlik, MicroStrategy and TIBCO Software Inc.
- [By Monica Gerson]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Monday’s regular session.
Pier 1 Imports Inc (NYSE: PIR) Dec16 5.0 Puts Sweep: 1191 @ ASK $0.80: 1354 traded vs 102 OI: $5.32 Ref Alcoa Inc (NYSE: AA) Jul16 9.5 Puts Sweep: 1494 @ ASK $0.13: 14k traded vs 6682 OI: $10.09 Ref Sarepta Therapeutics Inc (NASDAQ: SRPT) Jul16 10.0 Puts: 3536 @ ASK $0.50: 5506 traded vs 54k OI: Earnings 8/4 $22.50 Ref Tableau Software Inc (NYSE: DATA) Jul16 47.5 Puts Sweep: 837 @ ASK $0.30: 995 traded vs 37 OI: Earnings 8/3 $50.60 Ref Yandex NV (NASDAQ: YNDX) Aug16 18.0 Puts Sweep: 532 @ ASK $0.30: 2143 traded vs 78 OI: Earnings 7/28 Before Open $22.02 Ref Wolverine World Wide, Inc. (NYSE: WWW) Aug16 22.5 Puts: 719 @ ASK $1.35: 1032 traded vs 0 OI: Earnings 7/19 $22.22 Ref Conn's Inc (NASDAQ: CONN) Jan17 5.0 Puts Sweep: 605 @ ASK $0.85: 1355 traded vs 3132 OI: $7.16 Ref
Posted-In: Huge Put PurchasesNews Options Markets
Top 5 Tech Companies To Watch For 2016: Monolithic Power Systems, Inc.(MPWR)
Monolithic Power Systems, Inc. designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for communications, storage and computing, consumer, and industrial market segments. It offers direct current (DC) to DC converter integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment. The company also provides lighting control ICs for backlighting that are used in systems, which provide the light source for LCD panels in notebook computers, LCD monitors, car navigation systems, and LCD televisions. In addition, it offers alternating current (AC)/DC offline solutions for lighting illumination applications; and AC/DC power conversion solutions for various end products that plug into a wall outlet. The company markets its produ cts through third party distributors, value-added resellers, and directly to original equipment manufacturers, original design manufacturers, and electronic manufacturing service providers in China, Taiwan, Europe, Korea, Southeast Asia, Japan, the United States, and internationally. Monolithic Power Systems, Inc. was founded in 1997 and is headquartered in San Jose, California.
- [By Lee Jackson]
Monolithic Power Systems Inc. (NASDAQ: MPWR) has a diverse market that includes communications, gaming and computing to continue to drive its growth, all markets that will pay a premium for its technology. The list of tech companies that use its chips is impressive. Deutsche Bank has a $30 target, the same as the consensus target.
5 Best Chemical Stocks To Buy Right Now: Ambarella, Inc.(AMBA)
Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The companys system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption. Its solutions enable the creation of video content for wearable sports cameras, automotive aftermarket cameras, and professional and consumer Internet Protocol (IP) security cameras, as well as cameras incorporated into unmanned aerial vehicles in the camera market; and manage IP video traffic, broadcast encoding and transcoding, and IP video delivery applications in the infrastructure market. The company sells its solutions to original design manufacturers and original equipment manufacturers through its direct sales force and logistics p roviders. Ambarella, Inc. was founded in 2004 and is headquartered in Santa Clara, California.
- [By Lisa Levin]
Ambarella Inc (NASDAQ: AMBA) shares were also up, gaining 10 percent to $46.52 as the company posted better-than-expected results for its second quarter and announced a $75 million buyback plan.
Top 5 Tech Companies To Watch For 2016: Marvell Technology Group Ltd.(MRVL)
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers mobile and wireless products comprising communications and applications processors; thin modems; and connectivity solutions, including Wi-Fi, Bluetooth, near field communication, and FM; and mobile computing products, as wain, Sweden, Switzerland, and Taiwan. Marvell Technology Group Ltd. was founded in 1995 aell as silicon solutions and Kinoma software. The company also provides a range of data storage products, such as hard disk drive and solid-state drive controllers. In addition, it offers networking products comprising Ethernet solutions; embedded communication processors; network processors; and Ethernet passive optical network and gigabit passive optical network products. Further, the company provides printer system-on-a-chip products, as well as custom printer ASICs; and smart home products that are designed to enable the next generation of connected consumer platforms, and to enhance the eco-friendly Connected Lifestyle throughout the home, incluidng platforms for set-top boxes, video dongles, and lighting and smart appliances. It operates in the United States, Canada, China, India, Israel, Italy, Japan, Malaysia, Singapore, South Korea, Spnd is headquartered in Hamilton, Bermuda.
- [By Shauna O’Brien]
On Tuesday, JP Morgan announced that it has raised its rating on Marvell Technology Group Ltd. (MRVL) .
The firm has upgraded MRVL from “Neutral” to “Overweight,” and has given the company a $16 price target. This price target suggests a 19% upside from the stock’s current price of $12.91.
Marvell Technology shares were up 37, or 2.94%, during Tuesday morning trading. The stock is up 78% YTD.
- [By Lisa Levin]
On Wednesday, technology shares climbed by 0.94 percent. Top gainers in the sector included Marvell Technology Group Ltd. (NASDAQ: MRVL) and Medidata Solutions Inc (NASDAQ: MDSO).
Top 5 Tech Companies To Watch For 2016: Twitter, Inc.(TWTR)
Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to create, distribute, and discover content; and Periscope and Vine, a mobile application that enables user to broadcast and watch video live. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends that enable its advertisers to promote their brands, products, and services; and subscription access to its data feed for data partners. In addition, the company offers a set of tools, public APIs, and embeddable widgets for developers to contribute their content to its platform; syndicate and distribute Twitter content across their properties; and enhance their Websites and applications with Twitter content. Twitter, Inc. was founded in 2006 and is headquartered in San Francisco, California .
- [By Lisa Levin]
Twitter Inc (NYSE: TWTR) shares dropped 16 percent to $14.99. Twitter reported better-than-expected earnings for its first quarter on Tuesday. However, the company reported weak quarterly revenue and issued a downbeat revenue forecast for the second quarter.
- [By Todd Shriber, ETF Professor]
Many exchange-traded funds know about the social media ETF, a fund that holds companies such as Facebook Inc (NASDAQ: FB) and Twitter Inc (NYSE: TWTR). With Tuesday's debut of the Sprott Buzz Social Media Insights ETF (NYSE: BUZ), there is now an ETF targeting companies receiving bullish mentions and adulation on social media and other online media forums.