A bit of inspired forward thinking by my grandfather sparked my interest in the financial services field and stayed with me into adulthood, even leading to a career. He gave me my first subscription to Kiplinger’s Personal Finance magazine when I was a boy. He also bought mutual funds for my brother and me, figuring that these investment vehicles would give us a good hands-on lesson in how the market works.
See Also: 8 Rules for Raising Money Smart Kids
Sadly, those mutual funds performed incredibly poorly, and fees pretty well ate up the account. Bummer, I know.
But here’s the thing. Despite that less-than-stirring initiation into finances, I was intrigued by what I learned reading the newspaper each day to see how my investment was doing.
I think a lot of children today would be just as fascinated as I was. I also believe that, if you want your children or grandchildren to handle their money wisely when they reach adulthood, now is the time to instill the right money-management lessons in them. If you wait until they’re ready to leave for college, then you may be too late.
Top Casino Companies To Buy Right Now: Rovi Corporation(ROVI)
Rovi Corporation provides digital entertainment technology solutions for the discovery and management of entertainment content. It offers interactive program guides; embedded licensing technologies, such as recommendations and search capability; media recognition technologies; licensing of the company?s database of descriptive information about television, movie, music, books, and game content; and analog content protection technologies and services. The company?s interactive program guides technology is an interactive listing of television or video program information that enables viewers to navigate through, sort, select, and schedule video programming for viewing and recording. The company also provides video delivery solutions, such as compression-decompression technology (codec) to enable distribution of content across the Internet and through recordable media in physical or streamed forms; and media manager, a personal computer application enabling consumers to man a ge personal media files, including music, photos, and video files. In addition, it offers digital copy solution for consumer electronics devices and PC software applications; the Rovi Entertainment Store video delivery solutions; content authoring solutions; and advertising solutions. Rovi Corporation primarily serves companies in the consumer electronics, cable and satellite, entertainment, and online distribution markets. The company was formerly known as Macrovision Solutions Corporation and changed its name to Rovi Corporation in July 2009. Rovi Corporation was founded in 1983 and is headquartered in Santa Clara, California.
- [By Lisa Levin]
TiVo Inc. (NASDAQ: TIVO) shares were also up, gaining 20 percent to $9.22. The New York Times reported that Tivo and Rovi Corporation (NASDAQ: ROVI) are in merger talks.
- [By Lisa Levin]
TiVo Inc. (NASDAQ: TIVO) shares were also up, gaining 21 percent to $9.30. The New York Times, citing sources familiar with the issue, said Rovi Corporation (NASDAQ: ROVI) is in advanced negotiations to acquire TiVo. TiVo shareholders would reportedly receive both cash and stock; however, the price tag is yet to be determined.
Top Casino Companies To Buy Right Now: Gilead Sciences, Inc.(GILD)
Gilead Sciences, Inc., a research-based biopharmaceutical company, discovers, develops, and commercializes medicines in areas of unmet medical needs in North America, South America, Europe, and the Asia-Pacific. The companys products include Genvoya, Stribild, Complera/Eviplera, Atripla, Truvada, Viread, Emtriva, Tybost, and Vitekta for the treatment of human immunodeficiency virus (HIV) infection in adults; and Harvoni, Sovaldi, Viread, and Hepsera products for the treatment of liver diseases. It also offers Zydelig, a PI3K delta inhibitor, in combination with rituximab, for the treatment of certain blood cancers; Letairis, an endothelin receptor antagonist for the treatment of pulmonary arterial hypertension; Ranexa, a tablet used for the treatment of chronic angina; Lexiscan/Rapiscan injection for use as a pharmacologic stress agent in radionuclide myocardial perfusion imaging; Cayston, an inhaled antibiotic for the treat ment of respiratory systems in cystic fibrosis patients; and Tamiflu, an oral antiviral capsule for the treatment and prevention of influenza A and B. In addition, the company provides other products, such as AmBisome, an antifungal agent to treat serious invasive fungal infections; and Macugen, an anti-angiogenic oligonucleotide to treat neovascular age-related macular degeneration. Further, it has product candidates in various stages of development for the treatment of HIV/AIDS and liver diseases, such as hepatitis B virus and hepatitis C virus; inflammation/oncology; serious cardiovascular; and respiratory conditions, as well as diabetic nephropathy and ebola. The company markets its products through its commercial teams and/or in conjunction with third-party distributors and corporate partners. Gilead Sciences, Inc. has collaboration agreements with Bristol-Myers Squibb Company, Janssen R&D Ireland, Japan Tobacco Inc., and Galapagos NV. The company was founded in 1987 an d is headquartered in Foster City, California.
- [By Ben Levisohn]
Leerink’s Geoffrey Porges and Assaf Vestin see continued dominance for Gilead Sciences (GILD) in hepatitis C after reviewing abstracts for the European Association for the Study of the Liver conference in April. They explain why:
We are positive onGilead with an Outperform rating, due in large part to success of its anti-viral programs including the significant cash generation of its HCV franchise. Every year, advances in the treatment and management of liver diseases are discussed at the European Association for the Study of the Liver (EASL) International Liver Conference (April 13-17). In anticipation of the meeting in Barcelona in two weeks, we reviewed the abstracts and discussed the communitys expectations for the meeting, with an eye on the potential impact on Gilead…
The main conclusions we draw from the abstracts (lacking information about late breakers) is that Gileads dominance of HCV seems secure for the immediate future, with sof/vel (sofosbuvir/velpatasvir) showing impressive efficacy in difficult-to-treat patient subsets. Competitors have early data for their new HCV development efforts (Merck (MRK) [MP], Johnson & Johnson (JNJ) [OP], AbbVie (ABBV)) but will not present new clinical data at this meeting.
Shares of Gilead Sciences have gained 0.5% to $92.43, while Merck has advanced 0.3% to $53.38, Johnson & Johnson has declined 0.5% to $108.45, and AbbVie has risen 0.4% to $57.22.
- [By Ben Levisohn]
Citigroup’s Robyn Karnauskas and Mohit Bansal wonder if Gilead Sciences’ (GILD) decision to limit its stock buybacks in the months ahead is a sign that it’s ready to engage in M&A:
Gilead CEO John Milligan Victor J. Blue/Bloomberg News
GileadCEO, at a broker conference last week, noted that the share buybacks for the reminder of the year will be at a much lesser rate then seen previously. The company thinks that they should now be more focused on broadening the pipeline than other activities. The co also noted that besides pipeline, another reason is offshore cash as the co generates 70% of the operating cash offshore while buybacks need to be done using onshore cash. Overall this strategic change, coupled with previous comments regarding the M&A, could be a signal that the company may become more active in the deal space.
Long term the co will continue returning cash to shareholders: The Company noted that for rest of the year the buybacks will slow down as the company shifts focus to broadening the pipeline. The co also noted that this does not mean they will not do buyback in long term as the company believes in the philosophy of returning cash to shareholders. The co still has $12B remaining in the buyback plan. The company continues to remain committed to growing dividend as well. We note that company has been aggressively buying back shares and did buyback $8B worth of shares in 1Q16 and $14B (shares plus warrants) in 2015.
The #1 question we are getting is what canGilead buy: We note that in a recent interview, the CEO has noted interest in oncology, liver and inflammation space. The CEO also noted urgency which bodes well with the recent decision to slow-down on the buyback front. Acc. to the CEO for him the most important thing is cutting edge technology which could make a difference five years from now.
Shares of Gilead Sciences have gained 0.2% to $86.40 at 2:43 p.m. today, lagging
Top Retail Companies To Watch For 2016: Territorial Bancorp Inc.(TBNK)
Territorial Bancorp Inc. operates as the bank holding company for Territorial Savings Bank, a federally-chartered savings bank that provides a range of financial services to individuals, families, and businesses in Hawaii. It involves in accepting deposits from the general public and investing those deposits together with funds generated from operations and borrowings in loans and investment securities. The company?s deposit products include passbook and statement savings accounts, certificates of deposits, money market accounts, commercial and regular checking accounts, and NOW accounts. Its loan products include one-to-four-family residential mortgage loans; home equity loans and lines of credit; construction, commercial, and other non-residential real estate loans; consumer loans; and multi-family mortgage loans. The company, through its subsidiary, Territorial Financial Services, Inc., also engages in insurance agency activities. In addition, it provides various non-d eposit investments, including annuities and mutual funds through a third-party broker-dealer. As of December 31, 2010, the company operated 26 full-service branch offices in Hawaii. The company was founded in 1921 and is headquartered in Honolulu, Hawaii.
- [By Lisa Levin]
Territorial Bancorp (NASDAQ: TBNK) shares touched a new 52-week low of $21.31. Territorial Bancorp shares have dropped 9.43% over the past 52 weeks, while the S&P 500 index has gained 16.18% in the same period.
Top Casino Companies To Buy Right Now: Rackspace Hosting Inc(RAX)
Rackspace Hosting, Inc. operates in the hosting and cloud computing industry. It provides information technology (IT) as a service, managing Web-based IT systems for small and medium-sized businesses, as well as large enterprises worldwide. The company?s service suite includes dedicated hosting comprising customer management portal and other management tools that manage data center, network, hardware devices, and operating system software; and cloud computing that enables customers to provide and manage a pool of computing resources, as well as delivery of computing resources to business when they need them. It offers cloud servers, cloud files, and cloud sites, as well as cloud applications, such as email, collaboration, and file back-ups; and hybrid hosting that provides a combination of dedicated hosting and cloud computing services. The company also offers customer support services. It sells its service suite through direct sales teams, third-party channel partners, an d online ordering. The company was formerly known as Rackspace.com, Inc. and changed its name to Rackspace Hosting, Inc. in June 2008. Rackspace Hosting, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.
- [By Monica Gerson]
Rackspace Hosting, Inc. (NYSE: RAX) reported better-than-expected earnings for the first quarter, but the company missed analysts’ sales estimates. Rackspace shares dropped 7.72 percent to $20.80 in the after-hours trading session.
Top Casino Companies To Buy Right Now: Outerwall Inc.(OUTR)
Outerwall Inc., through its subsidiaries, provides automated retail solutions primarily in the United States, Canada, Puerto Rico, Ireland, and the United Kingdom. Its Redbox segment owns and operates approximately 40,480 Redbox kiosks in 33,060 locations that enable consumers to rent or purchase movies and video games. The companys Coinstar segment owns and operates approximately 20,930 coin-counting kiosks in 19,660 locations, which enable consumers to convert their coin to cash, convert coins and paper bills to stored value products, and exchange gift cards for cash. The companys ecoATM segment owns and operates approximately 2,250 kiosks in 2,020 locations that enable consumers to purchase and sell electronic devices for cash at self-service kiosks. Its ecoATM segment also operates gazelle.com, a direct-to-consumer online solution for the purchase and sale of certain electronic devices for cash. The companys other co ncepts and investments include identifying, evaluating, building, acquiring, and developing self-service concepts in the automated retail space. The company was formerly known as Coinstar, Inc. and changed its name to Outerwall Inc. in June 2013. Outerwall Inc. was founded in 1991 and is headquartered in Bellevue, Washington.
- [By Jake L’Ecuyer]
Equities Trading DOWN
Shares of Outerwall (NASDAQ: OUTR) were down 16.03 percent to $47.00 after the company lowered its forecast for the third quarter and full year. Werner Enterprises (NASDAQ: WERN) shares tumbled 4.71 percent to $23.26 after the company issued a weak third-quarter profit forecast. Bank of America downgraded the stock from Buy to Neutral. Pandora Media (NYSE: P) down, falling 1.71 percent to $23.58 as the company announced its plans to sell 14 million shares of common stock, including 4 million shares from current stockholders.
Top Casino Companies To Buy Right Now: Yandex N.V.(YNDX)
Yandex N.V. (Yandex), incorporated on June 1, 2004, is an Internet and technology company, and operates an Internet search engine. The Company’ s segments include Search and Portal, offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach customers seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in approximately 10 cities across Russia and in Minsk, Belarus. The Company also operates Experimental businesses, which includes media servi ces (including KinoPoisk, Yandex.Music, Yandex.Radio, Yandex.Tickets and Yandex.Afisha), Yandex Data Factory, discovery services (including Yandex Zen and Yandex Launcher), and search and portal in Turkey.
The Company offers a range of applications for mobile devices running iPhone operating system (iOS), Android and Windows Phone operating systems. The applications include Yandex.Navigator, Yandex.Maps, Yandex Browser and Yandex.Search. Other applications include Yandex.Metro, Yandex.Transport, KinoPoisk, Yandex.Mail, Yandex.Weather, Yandex.Market, Auto.ru, Yandex.Disk, Yandex.Music, Yandex.Timetables, Yandex.Translate and Yandex.Taxi. Its services and applications are also distributed by a limited number of original equipment manufacturers (OEMs), retailers, browser makers and telecom operators in Russia. The Company offers advertisers both text-based advertising and display advertising. Text-based advertisements are targeted to the particular user query on it s search engine result pages, and on search result pages of ! its partners, as well as to the content of a particular Website or Webpage being viewed, or to user behavior or characteristics. Display advertisements consist of graphical and programmatic advertisements that appear on specific pages.
Yandex.Direct is the Company’s auction-based advertising placement service. Yandex.Direct lets advertisers deliver text-based advertisements targeted at particular search queries or content on Yandex Websites or third-party Websites in the Yandex Advertising Network. Yandex.Direct features an automated, online sign-up process that enables advertisers to create and launch their advertising campaigns. Its Web analytics tool, Yandex.Metrica, is a Web analytics system in Russia.
Search and Portal
The Yandex Search engine offers access to a range of information available online. The Company utilizes linguistics, mathematics and statistical analysis to develop algorithms that extract, compile, systematize and p resent relevant information to users. Its organic search results are ranked by computer algorithms based on relevance and it segregates organic results from paid results to avoid confusing its users. The anti-spam protection detects and downgrades pages with low informational content, made-for-advertising and doorway sites, pages with pop-under banners, content farms and scraped-content pages. The Company supplements the results from its Web index with results from its parallel search system, which blends listings from all available Yandex specialized and vertical searches according to their relative relevance, such as Yandex.Images and Yandex.Video, Yandex.News and Yandex.Maps, among others.
The Company offers personalized search that provides search suggestions, as well as search results that are aligned with individual interests of its users. Its news aggregation and information service, the online news aggregation service in Russia, provides a media overview for its users. It aggregates and presents local, national a! nd intern! ational news from approximately 6,700 news sources across the world. Yandex.Maps provide detailed maps of over 1,100 cities and towns in Russia and approximately 20 cities in Ukraine, Kazakhstan and Belarus, as well as a detailed map of Turkey and satellite images of the whole world. In addition to graphical maps, it offers satellite images and hybrid maps (an amalgamation of satellite images and graphic maps), panoramic views, public transportation routes and driving directions in browsers and mobile device applications. Yandex.Maps is also available through application programming interfaces (APIs), which allow Web developers to embed and use interactive maps in third-party Websites, as well as to add extra layers of information.
The Company offers Yandex.Navigator, a mobile application, which provides turn-by-turn navigation. It incorporates a voice input function and a set of voice commands that allow users to interact with the application without touching t he screen. The Yandex.Transport mobile application provides users with real-time data on public transport in various Russian cities. The Yandex.Parking mobile application allows drivers to find available spots in partner parking spaces and pay for them right from the application. Its Geo-Direct Business Directory service enables advertisers to pay for premium placement.
The Yandex.Mail provides users with an access to their e-mail accounts. Its features include threaded and unthreaded views; direct access to Yandex.Disk, Yandex.Money and other Yandex services; auto-tagging, which automatically recognizes and tags certain types of e-mails; smart preview, which allows its users to see the first line of any e-mail in their inbox without having to open it, and Address Book, which recognizes both Latin and Cyrillic transliterations of names, and aggregates all e-mails from the same sender regardless of the language used. Yandex.Mail also features an unsubscribe butto n allowing users to opt out from mailing lists in a single c! lick. Its! Yandex.Mail application is available to Android and iOS users. It allows users to work with multiple e-mail accounts, filter and sort e-mails using Marker, its machine-learning technology that can recognize an e-mail type, and compose e-mails offline, and offers a range of other features. Its mobile push-email technology allows for the instantaneous delivery of new e-mails to mobile inboxes. Its Yandex.Disk service is a cloud-based storage service that allows users to upload, store, read and share files in various formats and sizes. Users can store photos, videos or documents online so that they can be accessed devices, such as personal computer (PC), laptop, tablet or smartphone. The Yandex.Disk mobile application is available for iOS, Android-based and Windows Phone smartphones.
The Company’s Yandex.Weather service allows its users to monitor weather conditions across the globe. The Company offers hyperlocal weather information based on its weather forecastin g technology, Meteum. It gives forecasts for areas as local as specific parts of a city or even individual buildings. Yandex.Weather calculates a new forecast every time a user consults the service. It determines a person’s position down to their current geographic coordinates and shows a fresh forecast. The new Yandex.Weather service offers hyperlocal weather forecasts for people living in approximately 40 regions of Russia and is available on desktop, as well as through applications for iOS and Android.
The Company’s homepage provides a gateway to the means of information available online. Users can find answers to their explicit questions through its search box, as well as to their implicit questions through current news, weather and road traffic reports, television and movie schedules, and other services, presented on its home page. The Company also offers localized homepages for specific geographic markets. Its Yandex Browser allows surfing over the Interne t. After typing a search in the browser’s smartbox, the user! can see ! a snippet about what they are searching for a thing, a product, a person or an event. The Company’s browser also provides its language translation capabilities; able to resume interrupted file downloads; has an automatically generated tableau menu; synchronization of bookmarks and history between desktop and mobile versions, and quick call capability, among other things. It offers mobile versions of Yandex Browser for iOS and Android smartphones and tablets.
The Company’s Yandex.Market e-commerce gateway service gives retailers an additional platform to reach customers seeking specific retailer, product or price information. Product search on Yandex.Market is designed to deliver relevant shopping results to its users. Retailers submit their product catalogs and price lists to the Company in a structured online format, enabling it to provide detailed information in response to relevant user queries, either through its search engine or its Yandex.Market service. Yandex.Market, incorporates its recommendation technology, which is used across other Yandex products and provides users with personal product recommendations. Yandex.Market provides product information, price comparisons and consumer generated reviews of products and online retailers. It features approximately 90 million offerings in over 2,000 product categories from approximately 19,000 participating retailers.
Yandex.Delivery aggregates a range of third-party delivery carriers, courier services, pick-up points and automated self-service kiosks to accommodate delivery of goods across Russia. Its retailer customers can utilize software to display delivery options, including price and time of delivery on their Website.
Yandex’s Classifieds business unit includes Auto.ru, Yandex.Auto, Yandex.Realty, Yandex.Jobs and Yandex.Travel. Auto.ru is the automobile-related Russian Website with approximately 20 m illion monthly visitors and over 60 million monthly visits. ! Auto.ru a! llows users, both private individuals, as well as auto dealers, to post listings of automobiles, motorcycles and commercial vehicles. Auto.ru offers a range of filters that allows potential buyers to find the exact item they are looking for. Auto.ru is also available on mobile through the mobile Web and as applications in iOS and Android. Yandex.Realty is its real estate classifieds service, acting as both an aggregator of advertisements from other Websites and a place where private individuals and realtors can place their listings directly. The service provides listings for both sale and rental of apartments, rooms, houses and vacation homes. Yandex.Realty is also available as an application for iOS and Android.
Yandex.Jobs is a service for job seekers that is available as a mobile application for Android and iOS. Yandex.Travel allows users to search for a vacation using multiple criteria. It provides information, such as hotel reviews that it generates using i ts fact extraction technology.
Yandex.Taxi is a transportation service. It offers services in Moscow, Saint Petersburg, and other cities. The Company operates its service in approximately 10 cities across Russia, including Yekaterinburg, Perm, Novosibirsk, Samara, Sochi and many others.
The Company’s Media services unit consists of a range of services that provide its users with streaming audio and video, entertainment and hyperlocal weather data. It includes KinoPoisk.ru, Yandex.Music, Yandex.Radio, and Yandex.Afisha and Yandex.Tickets. KinoPoisk.ru. is a Russian language Website dedicated to movies, television programs and celebrities. The service allows users to read user-generated film reviews, discover the most popular movies, watch trailers, get movie news and personalized recommendations, as well as show times and tickets. Its new version of KinoPoisk is focused on the online cinema concept, aggregat ing licensed video content from various Russian online cinem! as. Yande! x.Music is its music streaming service, which is offered as both a Web service and an application for over three mobile platforms. It offers millions of tracks from both global publishers and indie groups. Its tool helps users navigate a range of songs and albums, as well as to discover new music. The Web version is accessible free of charge, while the mobile application offers music streaming and various additional functions, including music downloads, for a monthly fee after a trial period.
Yandex.Radio is a media player service, which allows users to listen to music that suits their tastes and current activity. It shares the latter’s catalog of approximately 20 million tracks. Yandex.Afisha (playbill) allows user to select entertainment from a range of options. The service provides its users an opportunity to buy tickets to cinemas, theaters and concerts online. It incorporates personalized recommendations and operates in over 40 cities across Russia.
The Company competes with Google, Mail.ru, Microsoft, Yahoo!, Begun, Facebook, Twitter, Odnoklassniki, My World services, Gett, Uber, Aliexpress, Avito, CIAN and Drom.ru.
- [By Lee Jackson]
Yandex N.V. (NASDAQ: YNDX) is the Google of Russia. It was very bold on the growing marketplace there, and its beta tests of a new back end have been very positive and should be rolled out soon. Deutsche Bank has a $38 price target, and the consensus is $40, in U.S. dollars.
- [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
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