Shares of the sports entertainment company plunged $4.12 to $23.90 in heavyweight trading Monday - a dive only pro wrestler The Undertaker might appreciate.
Behind the 15% downdraft, a bounce back from an intraday 22% slide: Word that 667,000 fans had signed up for WWE Network, the $9.99 monthly subscription service launched Feb. 24.
WWE says it's well on its way towards a year-end goal of 1 million subscribers. Still, some stockholders found the 42-day count underwhelming and unloaded shares a day after the company's signature event, WrestleMania 30, at which The Undertaker's 21-match winning streak ended before a packed Mercedes-Benz Superdome in New Orleans.
One of Wall Street's biggest Monday losers had been on a roll for much of the past year, surging from $8.56 to $31.98 by last month on prospects for WWE Network, the Internet streaming service which augments ending distribution agreements with several broadcast and cable TV networks. (WWE also has a new deal with Britain's BSKB network).
Best Managed Healthcare Companies To Buy For 2015: IAC/InterActiveCorp (IACI)
IAC/InterActiveCorp engages in the Internet business in the United States and internationally. The company�s 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 company�s 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.
Advisors' Opinion:- [By Jake L'Ecuyer]
Equities Trading UP
IAC/InterActiveCorp (NASDAQ: IACI) shot up 15.54 percent to $69.43 after the company reported that that it is reorganizing and that Greg Blatt, its CEO, will become the Chairman of the newly created Match Group. - [By Monica Gerson]
IAC/InterActiveCorp (NASDAQ: IACI) shares fell 14.51% to $49.50 in the pre-market trading after the company reported downbeat Q3 revenue.
Posted-In: PreMarket LosersNews Movers & Shakers Pre-Market Outlook Markets
Best Internet Companies To Own In Right Now: CYNK Technology Corp (CYNK)
Cynk Technology Corp., formerly Introbuzz, Inc., is a development stage-company. The Company intends to develop a social network business. Social networks are Web based services that allow individuals to post a profile and link their profile to other friends and organizations.
The Company intends to develop a database of professional and other business persons, as well as other interested persons in providing and utilizing contacts. As of November 14, 2012, the Company had not generated any revenue.
Advisors' Opinion:- [By WWW.DAILYFINANCE.COM]
CYNK Technology (CYNK), the mysterious over-the-counter stock that at one point broke a $6 billion market cap, dropped roughly 80 percent in its first trades after a Securities and Exchange Commission halt. The SEC halted CYNK for two weeks following a massive rise in the stock's value -- it had been worth only a few cents per share in June, but it jumped above $21 on July 10. The Belize-based CYNK Technology supposedly operates a social networking site, but filings indicate it only has one employee and virtually no assets. Experts told CNBC the week of the SEC halt that they expected CYNK to fall precipitously after reopening, and its first day of trading is proving those predictions correct. When it was halted, the stock was worth just less than $14 per share, and is now below $3 a share after briefly hovering around $5 earlier Friday morning. An OTC Markets spokeswoman told Reuters that CYNK's shares were not trading on its platform, but were occurring over the phone. Earlier this week Reuters reported that OTC's CEO did not expect CYNK to trade on its platform at all after reopening, as no brokerages would file the required paperwork for the stock to trade on their exchanges. An SEC spokesman said that the organization cannot comment on the status of a company after a suspension period ends, citing an online explanation of the process. That document notes that broker-dealers may not solicit investors to trade the previously suspended OTC stock until they satisfy several regulatory requirements. The SEC warned, however, that "unsolicited" trading may occur after a reopening -- as CYNK is now seeing -- but "even though such trading is allowed, it can be very risky for investors without current and reliable information about the company."
Best Internet Companies To Own In Right Now: Yahoo! Inc.(YHOO)
Yahoo! Inc., together with its subsidiaries, operates as a digital media company that delivers personalized digital content and experiences through various devices worldwide. It offers online properties and services to users; and a range of marketing services to businesses. The company?s communications and communities offerings include Yahoo! Mail, Yahoo! Messenger, Yahoo! Groups, Yahoo! Answers, Flickr, and Connected TV, which provide a range of communication and social services to users and small businesses enabling users to organize into groups and share knowledge, common interests, and photos. Its search products comprise Yahoo! Search and Yahoo! Local, available free to users to navigate the Internet and discover content. The company?s marketplaces offerings and services include Yahoo! Shopping, Yahoo! Travel, Yahoo! Real Estate, Yahoo! Autos, and Yahoo! Small Business, which allow users to research specific topics, products, services, or areas of interest by review ing and exchanging information, obtaining contact details, or considering offers from providers of goods, services, or parties with similar interests. Its media offerings comprise Yahoo! Homepage, Yahoo! News, Yahoo! Sports, Yahoo! Finance, My Yahoo!, Yahoo! Toolbar, Yahoo! Entertainment & Lifestyles, Yahoo! Contributor Network, and Yahoo! Pulse, which are designed to engage users with online content and services on the Web. The company also offers marketing services, such as display and search advertising, listing-based services, and commerce-based transactions to advertisers. In addition, it provides software and platform offerings for third-party developers, advertisers, and publishers, such as Yahoo! Developer Network, Yahoo! Open Strategy, Yahoo! Application Platform, Yahoo! Updates, Yahoo! Query Language, and Yahoo! Search BOSS. The company has strategic alliances with Nokia and ABC News, Inc. Yahoo! Inc. was founded in 1994 and is headquartered in Sunnyvale, Californi a.
Advisors' Opinion:- [By Bloomberg]
David Paul Morris/Bloomberg via Getty Images Google (GOOG) won a major victory in its fight against claims it illegally scanned private email messages to and from Gmail accounts, defeating a bid to unify lawsuits in a single group case on behalf of hundreds of millions of Internet users. U.S. District Judge Lucy Koh in San Jose, Calif., on Wednesday refused to let the case proceed as a class action, which would have allowed plaintiffs to pool resources and put greater pressure on Google to settle. If individuals pursue their claims against the owner of world's largest search engine, they'll need to use their own financial resources to litigate. Email users claimed Google intercepted, read and mined the content of email messages for targeted advertising and to build user profiles. Legal experts including Stanford Law School Professor Deborah Hensler said before Wednesday's ruling that while the plaintiffs faced difficulty joining forces, the case stood to potentially become the largest group lawsuit ever. The amount at stake could have reached into the trillions of dollars if, as the plaintiffs argued, each person was eligible for damages of $100 a day for violations of federal wiretap law. Koh's ruling has implications for email privacy cases assigned to her that were filed last year against Yahoo (YHOO) and LinkedIn (LNKD), which also have hundreds of millions of users. Similarly giant cases have been brought against Facebook (FB) and Hulu as Web users challenge how companies monetize their data for the online advertising market that generated more than $40 billion in the U.S. last year. Koh found that the proposed classes of people in the Google case aren't "sufficiently cohesive," according to Wednesday's ruling. Members' Consent The judge wrote in her order that the question of whether the proposed class members consented to the alleged interceptions has been "central to this case since it was filed." Based on the evidence presented so far, to pr
- [By Mark Hulbert]
On the list are Google and web portal Yahoo (YHOO) �. To be sure, since both companies��P/E ratios currently are at 20, versus 16.2 for the S&P 500, neither is especially cheap. But their PSRs are far lower than Twitter�� is slated to be at its IPO: Google�� is 6.0, according to FactSet, and Yahoo�� is 7.3.
- [By WWW.DAILYFINANCE.COM]
Melinda Sue Gordon/APKevin Spacey stars as U.S. Congressman Frank Underwood in the Netflix original series, "House of Cards." SAN FRANCISCO -- Netflix is preparing a sequel unlikely to be a hit with its subscribers. The Internet video service is about to raise its prices for the first time in three years to help pay for more Internet video programming such as its popular political drama "House of Cards." The increase, to take place sometime before July, will hike prices by $1 or $2 a month for new customers. The company's nearly 36 million current subscribers will continue to pay $8 a month for at least the next year, Netflix CEO Reed Hastings said in a Monday interview. "When we look at the shows and movies that we will be able to get if we have a bigger budget, it's exciting," Hastings told The Associated Press. "We want to make the service better and better so more people will join." Netflix (NFLX) announced the looming price increase as part of a solid first-quarter earnings report. Financial pressures have been mounting on Netflix as it grapples with the rising costs of licensing compelling video for its service. The company has been spending more to compete against traditional cable-TV channels such as HBO and Showtime, as well as technology companies such as Amazon.com (AMZN), Hulu.com, Microsoft (MSFT) and Yahoo (YHOO), which are planning to buy more Internet video programming from Hollywood studios. "I think they need to raise the price to remain profitable," Wedbush Securities analyst Michael Pachter said of Netflix. Amazon recently raised the price of its Prime service, which includes an expanding Internet video library, from $79 to $99 annually. Investors evidently like the prospect of Netflix bringing in more revenue. Netflix's stock surged $23.01, or 6.6 percent, to $371.50 in extended trading after the company announced its plans. Price increases pose a risk for Netflix. The Los Gatos, Calif., company was stung by a customer backlash
- [By Vinay Singh]
Since 2012, Yahoo!�(YHOO)'s share price has appreciated strongly, primarily due to the appointment of new CEO Marissa Mayer. The new user-centric approach used by the CEO is about developing customized products and services for its users. During the last few years, Yahoo! has consistently lost market share to competitors such as Google and AOL in several segments.
Best Internet Companies To Own 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.
Advisors' Opinion:- [By MONEYMORNING.COM]
Retail Stocks to Watch No. 1: Amazon.com Inc. (NYSE: AMZN)
One-year retail sales growth: 27.2%
Total 2013 U.S. sales: $43.9 billion
Okay, no shocker here. Amazon blew away everyone else in terms of sales growth in 2013, even though its profits have suffered as the online retailing behemoth continues to plow the money back into the business. With more and more customers doing their shopping online, AMZN figures to dominate this category for a long time. It's been a rocky year for Amazon stock, but lately it has fared better. It's up nearly 11% over the past three months. AMZN closed at $342.38.
Best Internet Companies To Own 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.
Advisors' Opinion:- [By Doug Ehrman]
Ever since The Wall Street Journal broke the story that Apple (NASDAQ: AAPL ) was finally ready to release a cheaper iPhone to take on Google (NASDAQ: GOOG ) Android and Nokia's (NYSE: NOK ) Lumia line that utilizes the Microsoft (NASDAQ: MSFT ) Windows Phone 8 OS, speculation has been plentiful. During Apple's recent earnings call, CEO Tim Cook alluded to new products and the analysts are buzzing.
- [By Joe Tenebruso]
Google (NASDAQ: GOOG ) is currently my largest position in Tier 1, comprising more than 20% of the portfolio. As I see it, here are three of the major threats that Google is facing today.
Best Internet Companies To Own In Right Now: Symantec Corporation(SYMC)
Symantec Corporation provides security, storage, and systems management solutions internationally. The company?s Consumer segment delivers Internet security, PC tune-up, and online backup solutions and services to individual users and home offices. Its Security and Compliance segment provides solutions for endpoint security and management, compliance, messaging management, data loss prevention, encryption, and authentication services to large, medium, and small-sized businesses, as well as offers solutions through its software-as-a-service (SaaS) security offerings. This segment?s products enable customers to secure, provision, and remotely manage their laptops, PCs, mobile devices, and servers. The company?s Storage and Server Management segment provides storage and server management, backup, archiving, and data protection solutions across heterogeneous storage and server platforms, as well as solutions delivered through its SaaS offerings to large, medium, and small-s ized businesses. Symantec?s Services segment offers implementation services and solutions, including consulting, business critical services, education, and managed security services. The company also provides various enterprise support offerings, such as annual maintenance support contracts, including content, upgrades, and technical support. It sells its products through its eCommerce platform, as well as through distributors, direct marketers, Internet-based resellers, system builders, ISPs, and retail locations worldwide. Symantec markets and sells its products through distributors, retailers, direct marketers, Internet-based resellers, original equipment manufacturers, system builders, and Internet service providers; and its e-commerce channels, as well as direct sales force, value-added and large account resellers, and system integrators. The company was founded in 1982 and is headquartered in Mountain View, California.
Advisors' Opinion:- [By Damian Illia]
California-based Symantec Corporation (SYMC) is a company that provides Internet security technology, with a wide range of application and software products of content security solutions and information back-up solutions such as firewall, virtual private network (VPN), virus protection, vulnerability management, intrusion detection and other services, offered to individuals and enterprises. Best known for Norton products which provide antivirus protection, identity protection and online backup, Symantec operates in more than 50 countries, and has recently realigned its business into three divisions: User Productivity & Protection, Information Security and Information Management.
- [By Amanda Alix]
Of course, banks can't know when an attack is merely disruptive, and when it may be covering for criminal activity. Security company Symantec (NASDAQ: SYMC ) has commented that these assaults have become a way for hackers to distract banks while funds are illegally withdrawn. Though most of the thefts have occurred in Europe, where attacks have progressed from website outages to actual bank heists, at least one U.S. bank, Citigroup, disclosed some losses due to cyber thievery earlier this year.
- [By Jake L'Ecuyer]
Equities Trading DOWN
Shares of Symantec (NASDAQ: SYMC) were down 13.42 percent to $18.10 after the company fired President and Chief Executive Steve Bennett and appointed director Michael Brown as interim president and CEO. UBS downgraded the stock from Buy to Neutral and lowered the price target from $27.00 to $21.00. - [By Paul Ausick]
Symantec Inc. (NASDAQ: SYMC) reported second fiscal quarter 2014 results after markets closed on Wednesday. For the quarter, the network security software maker posted adjusted diluted earnings per share (EPS) of $0.50 on revenues of $1.64 billion. In the same period a year ago, the company reported EPS of $0.45 on revenues of $1.7 billion. Second-quarter results compare to the Thomson Reuters consensus estimates for EPS of $0.44 and $1.69 billion in revenues.
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