Tech Stocks

Intuit Inc. INTU Stock News

Intuit Inc. (NASDAQ: INTU) is having an incredibly strong start to the trading session this morning, and for good reason. The company reported earnings yesterday after the closing bell, offering strong results and even stronger expectations for the quarter ahead. As a result, investor excitement ensued, leading to gains in the stock. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (9:42), INTU is trading at $137.55 per share after a gain of $8.40 per share or 6.50% thus far today.





INTU Gains On Earnings

As mentioned above, Intuit is having a strong day in the market today after reporting earnings after the closing bell last night. The company reported earnings in the amount of $3.70 per share on revenue of $2.54 billion. While earnings slipped slightly from the same period one year ago, revenue was up dramatically. During the quarter, analysts expected that the company would generate earnings of $3.87 per share on revenue of $2.5 billion.




However, what proved to be exciting for investors seems to be guidance. During the fourth quarter, the company expects to generate revenue in the range between $795 million and $815 million with adjusted earnings per share coming in between $0.16 and $0.18. On the full year side of the coin, INTU is expecting to report between $5.13 billion and $5.15 billion with earnings per share coming in between $4.38 and $4.40. Both revenue and earnings for Q4 and FY17 guidance is ahead of analyst expectations.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on INTU. In particular, we’ll be following the company through the fourth quarter to see if the high bar it set with guidance is met. Also, we’re keeping a close eye on Donald Trump’s plans to change the tax code. If he simplifies the tax code, it could be a big hit to INTU. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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NVIDIA Corporation NVDA Stock News

NVIDIA Corporation (NASDAQ: NVDA) is off to an overwhelmingly strong start to the trading session this morning, and for good reason. It seems as though SoftBank has been quietly purchasing a large stake in the company over a period of time. Of course, this led to excitement among investors, causing gains in the stock and prompting an alert from our partners at Trade Ideas. At the moment (9:19), NVDA is trading at $141.00 per share after a gain of $3.97 per share (2.90%) thus far today.





SoftBank Quietly Acquires A Large Stake In NVDA

As mentioned above, NVIDIA Corporation is off to a pretty strong start to the trading session today after news broke that SoftBank recently acquired a large stake in the company. According to various sources, SoftBank Group has quietly amassed a $4 billion stake in NVDA. As a result, SoftBank is the company’s fourth largest shareholder.




This proved to be an interesting stake acquisition. If SoftBank did indeed acquire $4 billion in NVDA shares, it would mean that it now owns a 4.9% stake in the company, slightly below the portion of the company in which a SEC filing would be required.

While there seems to be no verification of the acquisition through filings, it does make sense. The founder of SoftBank has a particular interest in tech. In fact, he plans on becoming the largest investor in technology over the next decade, banking on emerging trends including but not limited to artificial intelligence.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on NVDA. In particular, we’re interested in learning more about the large stake purchase by SoftBank, a company who many believe is set to make a large tech acquisition ahead. We’ll continue to follow the story closely and bring the news to you as it breaks!

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Nokia Oyj (ADR) NOK Stock News

Nokia Oyj (ADR) (NYSE: NOK) is having an incredible start to the day in the market today, and for good reason. A long standing feud between the company and Apple (NASDAQ: AAPL) has come to an end in a very beneficial way. As can be expected, this led to excitement among investors and gains in the stock. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (11:33), NOK is trading at $6.58 per share after a gain of $0.36 per share or 5.88% thus far today.





NOK Settles With AAPL And Forms Collaboration Agreement

As mentioned above, Nokia is having a strong time in the market today after announcing that litigation between the company and Apple surrounding an intellectual property dispute has come to an end. The two parties have reached a settlement, and most importantly have agreed to a multi-year patent license.




According to the collaboration agreement, Apple will receive certain network infrastructure products and several services from NOK. As a result, AAPL will continue to carry NOK digital health products in the online store. Also, the two parties are in the process of exploring future collaboration opportunities surrounding digital health initiatives. Finally, both Nokia and Apple have agreed to regular summits between top executives to ensure that the relationship works effectively and to the benefit of not only both parties, but the customers of both parties. In a statement, Maria Varsellona, Chief Legal Officer at NOK had the following to offer…

This is a meaningful agreement between Nokia and Apple… It moves our relationship with Apple from being adversaries in court to business partners working for the benefit of our customers.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping an incredibly close eye on both NOK and AAPL. In particular, we’re interested in following the collaboration and excited to see what the result of the collaboration becomes. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Helios and Matheson Analytics Inc HMNY Stock News

Helios and Matheson Analytics Inc (NASDAQ: HMNY) is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company announced that it and RedZone have acquired global license rights to a key facial recognition software. Of course, this led to excitement among investors, causing gains in the stock and prompting our partners at Trade Ideas to alert us to the movement. At the moment (9:55), HMNY is trading at $4.00 per share after a gain of $1.55 per share or 63.27% thus far today.





HMNY Announces Acquisition

As mentioned above, Helios and Matheson Analytics is off to a great start in the market today after announcing that it and RedZone made a key acquisition. The two companies have acquired global license rights to IsItYou’s facial recognition technology in the field of crime and terrorism. The acquisition was acquired for integration with the RedZone Map product.

The goal of the acquisition is to integrate RedZone Map’s artificial intelligence technology and proprietary real-time crime database with the facial recognition technology. In doing so, HMNY and RedZone will allow RedZone Map users to identify people whose images they are able to capture through the smartphone’s camera. That is, if the image of the person is in the can be identified through the database within the RedZone Map.




This bodes well with RedZone’s plans on developing the ability to deliver real-time notifications of criminally active people within a given user’s area. In particular, this will be useful in large events and public spaces. However, to do so, the company will need to obtain permitted access to publicly located surveillance cameras operated by private enterprises as well as government entities.

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GoPro Inc GPRO Stock News

GoPro Inc (NASDAQ: GPRO) is off to an incredibly strong day in the market today. Ultimately, the social crowd seems to be pointing to an outdated Seeking Alpha article as the reason for the gains. Nonetheless, our partners at Trade Ideas were the first to alert us to the movement. At the moment (12:47), GPRO is trading at $9.02 per share after a gain of $0.50 per share or 5.92%. However, if I had to make a bet, I would bet that these gains wouldn’t last long. Here’s why…





GPRO Doesn’t Offer Much

GoPro’s flagship product is an extreme action camera. I will admit that I own one of these cameras, and for all intensive purposes, it’s a great product. I attach the camera to my kayak and head down the rapids for great footage. However, think about how many people would actually want something like this.

Sure, there are quite a few people interested in extreme action sports, and even filming their own endeavors in this category. Nonetheless, this category is a very niche category. This means that on the grand scale, the audience that would actually be interested in buying the company’s flagship product is a relatively small one. After all, do you plan on strapping a GoPro to a kayak or a helmet and filming your endeavors any time soon? If you’re like most people, the answer is no!




The Company Is Desperately Lacking Innovation

When GoPro camera’s first came out, they were hotter than fire. They were the first thing that the world had seen that could do what they could do. However, as competition stepped into play, GPRO has simply failed to innovate. Sure, the company launched the Karma drone, but we all know where that’s going… down!

The bottom line is that a single solid product, while impressive in the short run, does very little for technology companies in the long run. At the end of the day, for GPRO to continue on an upward trend, it needs to be part of the latest and greatest in Tech. Unfortunately, they are failing miserably at doing so.

Want To See Something Ugly? Look At GoPro’s Balance Sheet

Another major issue for GPRO has to do with money itself. At first glance, things look pretty good. The company has about $75 million in their balance sheet and a credit facility that makes $82 million available upon request. Not to mention, a recent convertible debt offering that brought $92 million in. So, all in all, having $249 million to play with really doesn’t sound all that bad. That is, until you look into the company’s most recent performance.

In the last quarter, GPRO lost around $111 million. That’s a big chunk. If they do the exact same thing in the next two quarters to follow, they are going to go broke quickly. In fact, by the end of the third quarter, the company will be reaching for shoestrings, hoping that one has money on the end of it. At the end of the day, the data shows that the company is running out of money quickly. Sure, they could do another offering at the expense of investors, or even borrow more money, once again at the expense of investors. However, whatever they do, it’s going to be at the expense of investors.

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The Bottom Line Here

At the end of the day, GPRO has created an incredible product. The problem is that the product is tailored to a very small percentage of the global population. Without further innovation and an ability to expand its audience, the company is likely to run out of money very soon. As a result, investors will likely realize the one thing no one wants to see in the market, diminishing returns!

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Advanced Micro Devices, Inc. AMD Stock News

Advanced Micro Devices, Inc. (NASDAQ: AMD) is having yet another rough day in the market today, and for good reason. Recently, there was news of a potential deal with Intel (NASDA: INTC), which sent the stock skyward. However, hopes of the deal seem to be fading. As a result, the stock continues to fall, causing our partners at Trade Ideas to alert us to the declines. At the moment (11:50), AMD is trading at $10.97 per share after a loss of $0.44 per share (3.86%) thus far today.





AMD Falls As Hopes Of INTC Deal Fade

As mentioned above, Advanced Micro Devices is having a rough day in the market today after more and more experts weigh in on the potential deal between the company and Intel. You see, recently, stories broke that INTC would be striking a deal to license AMD GPU technology. However, more and more experts are coming out with opinions that the deal will not happen.




In fact, most recently, Citi Analyst Christopher Danely said that he doesn’t think that the deal will take place. Simply put, Danely said that he doesn’t see a compelling need for Intel to look to AMD for their technology. While neither company involved in the reported potential deal are speaking up as of yet, Danely makes a strong point here, and the idea that the deal won’t take place is concerning investors.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on AMD. In particular, we’re interested in learning whether or not the company will be able to strike the deal with INTC, as unlikely as it may seem at this point. Also, we’re interested in following the Ryzen story. If things go well there, we could see gains in the future. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Oclaro, Inc. OCLR Stock News

Oclaro, Inc. (NASDAQ: OCLR) is having an incredibly strong day in the market today, and for good reason. Ultimately, it all boils down to the China mobile build-out and what it means for the company. Of course, positive news led to excitement among investors who pushed the stock upward. This led to an alert from our partners at Trade Ideas. At the moment (10:44), OCLR is trading at $9.32 per share after a gain of $0.82 per share (9.65%) thus far today.





OCLR Gains On China Mobile Build-Out

As mentioend above, Oclaro is having an incredibly strong day in the market after an analyst has pointed out the benefit of China’s mobile build-out to the company. In particular, we’re seeing a build out of the Packet Transport Network, 70% of which is going to ZTE with 30% going to Huawei.




This is overwhelmingly positive news for OCLR, as the company has significant exposure to ZTE. That’s because the company is a major supplier to ZTE. So, if ZTE sees strong sales as a result of the mobile build-out in China, OCLR will also see stronger sales.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on OCLR. In particular, we’re interested in following the China mobile build-out and watching to see what this means for ZTE sales, and Oclaro sales as a result. We’ll continue to follow the story closely and bring the news to you as it breaks!

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BlackBerry Ltd BBRY Stock News

BlackBerry Ltd (NASDAQ: BBRY) is having a relatively strong start to the trading session this morning, and for good reason. The company announced that it has signed a deal with Ford Motor Company (NYSE: F). This sparked excitement among investors, leading to gains in the stock and prompting our partners at Trade Ideas to alert us to the movement. At the moment (9:37), BBRY is trading at $10.52 per share after a gain of $0.14 per share (1.35%) thus far today.





BBRY Signs Agreement With Ford

As mentioned above, BlackBerry is having a strong start to the trading session after news broke that the company has signed an agreement to work directly with Ford. The agreement surrounds the expansion of the QNX secure operating system used by Ford. While full details with regard to the deal are being kept quiet, it is expected that the deal surrounds Ford’s efforts with regard to developing its first autonomous vehicle. This is overwhelmingly positive news for BBRY, as this is the first time the company has worked directly with a major auto manufacturer.




While the rumor surfacing says that this has to do with an autonomous vehicle, it could ultimately surround just about any working technology in Ford vehicles – even the audio system. After all, Panasonic Automotive uses the QNX software for its SYNC 3 infotainment console, the same console that it supplies directly to Ford. In a statement, John Wall, head of the BBRY QNX unit, had the following to offer:

We can form the basis of the entire vehicle all the way from autonomous drive through infotainment…”

The statement above is evidence pertaining to the idea that the deal surrounds the development of autonomous vehicles – something that Ford said it is expecting to produce by the year 2021.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on both BBRY and Ford. In particular, we’re interested in learning more about what the result of this deal will be. We’ll continue to follow the story closely and bring the news to you as it breaks!

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Advanced Micro Devices, Inc. AMD Stock News

Advanced Micro Devices, Inc. (NASDAQ: AMD) is having a rough day today, and for good reason. Recently, news broke of a potential deal coming in which the company would be entering into a license agreement with Intel (INTC). However, today, analysts are out with a vengeance, saying that this deal is not going to happen. As a result, the stock is falling, prompting our partners at Trade Ideas to alert us to the losses. At the moment (10:41), AMD is trading at $11.89 per share after a loss of $0.86 per share or 6.75% thus far today.





AMD Is Down, But It’s Far From Out

As mentioned above, Advanced Micro Devices is having a rough day in the market at the moment after analysts have started to shoot down the possible deal with Intel. While the deal would have definitely been a positive for the company, it is not the end all, be all. In fact, regardless of the deal with Intel, the stock could do very well ahead.




You see, the big story surrounding AMD at the moment is Ryzen. This is a piece of technology that competes directly with Intel, and really anyone else in the game. The interesting thing here is that while Ryzen is held as equal to or better than anything else on the market, AMD has the ability to make the product for a relatively low cost. In fact, it’s capable of making Ryzen for less than the Intel competing product.

That’s great news for Advanced Micro Devices. After all, if the company is able to make its product, one that is equal to or better than anything else on the market, for less than the competitors pay to make theirs, well AMD has a leg up in the market. With all of that said, I’m not too concerned about the INTC deal not happening. After all, it’s a classic case of “If you can’t join ’em, beat ’em” and AMD has all the ammunition in the world to do just that!

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on AMD. In particular, we’re interested in following the company through the sale of Ryzen and expecting that this will be an overwhelmingly positive product for the company. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Advanced Micro Devices, Inc. AMD Stock News

Advanced Micro Devices, Inc. (NASDAQ: AMD) is having an overwhelmingly strong start to the trading session today, and for good reason. There are reports surfacing that Intel (INTC) is interested in licensing a key product. Of course, this is leading to excitement among investors and gains in the value of the stock. As is almost always the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (9:51), AMD is trading at $11.95 per share after a gain of $0.53 per share (4.64%) thus far today.





AMD Gains On Reports Of INTC License Interest

As mentioned above, Advanced Micro Devices is having a strong start to the trading session today as reports surface surrounding interest in a license by Intel. According to the reports, INTC is interested in licensing the AMD Ryzen product.




This could be overwhelmingly positive news for AMD. After all, if INTC does license Ryzen, it will widen the market for the product in a big way. We know that AMD has the ability to produce the Ryzen product for less than INTC can produce the competing product. So, there is a good reason for INTC interest here. However, at the moment, it is just a report of interest; no license deal has taken place yet.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on AMD, and INTC for that matter. At the end of the day, we’re interested in learning if there will be a license agreement between the two. We’ll continue to follow the story closely and bring the news to you as it breaks!

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Thought Leader Discussions

Gevo, Inc. GEVO Stock News

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Gevo, Inc. (NASDAQ: GEVO) Before we get into this interview, I'd like to extend a special thanks to my friend Joey who both set up the...