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While "post-COVID-19" names have surged in recent weeks, big tech remained largely subdued. Rotation out of technology into beaten-down sectors like financials, energy, and others had left the Nasdaq in a tight trading range for weeks. However, the top 5 companies in the S&P 5...
Gardner Russo & Gardner’s 13F portfolio value increased from $9.84B to $10.29B. Russo almost eliminated Diageo plc during the quarter. The top three 13F stakes are Mastercard, Berkshire Hathaway, and Nestle. They add up to ~44% of the portfolio. For further detail...
Cognizant has had a tough 2020 due to the pandemic's unfavorable impact on its businesses. Margins have generally been declining for a few years. Still, the company generated $821 million of FCF in Q3 and $2.1 billion in free-cash-flow ("FCF") YTD - an estimated $3.86/share. Unfor...
FAANG is faltering, with the broader technology sector turning down again after its September downturn and rebound. Apple, still the stock market's largest capitalization equity, is leading FAANG stocks lower. Commodities and commodity stocks are continuing their relative outperfo...
As the digital advertisement has become an indispensable tool for publishers, ad tech vendors and ad agencies, digital advertising continues to significantly grow Y/Y on an annual revenue basis, with total spending reaching ~$300B in 2020, as per UnivDatos analysis.By 2023, digital adver...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Investors get Thanksgiving gift at Dow 30,000 The Dow Jones Industrial Average hit and closed above 30,000 on Tuesday for the first time since its inceptio...
YouTube ([[GOOG]], [[GOOGL]]) has been criticized for taking a more hands-off approach to election or coronavirus misinformation than Facebook and Twitter, though the platform just suspended One America News Network for promoting a false COVID-19 cure.While OANN's channel will stay online, it...
David Abrams’ 13F portfolio value increased this quarter from $3.09B to $3.16B. The number of positions decreased from 20 to 19. Abrams Capital Management increased Energy Transfer LP during the quarter. The top three positions are Lithia Motors, Facebook, and TransDigm Gro...
Almost every week there is some new information coming out of the financial world that Big Tech and banking are finding another way to do business together. The dam seems to have finally broken: banks seem on the edge of having to decide whether or not they should be seen as "tech" co...
The Justice Dept. isn't expected to rule on Google's ([[GOOG]] +1.6%, [[GOOGL]] +1.8%) $2.1B acquisition of Fitbit (FIT) until after Europe decides on the deal, CTFN reports. A former DOJ official and a attorney working with a third party tell the service that a DOJ decision will follow on a ...
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Daniel McKinnon, who has worked as a product manager with both Meta Platforms Inc. (NASDAQ:META) and Alphabet Inc.’s (NASDAQ:GOOGL) (NASD...
2024-05-06 05:45:00 ET Technology companies are pouring investment into artificial intelligence (AI) these days -- and for good reason. AI has the potential to streamline many of a company's daily tasks, so that company could considerably lower costs and increase efficiency. The technology ...
2024-05-06 04:10:00 ET One of the best ways to build lasting wealth in the stock market is to buy the shares of strong companies with exceptional growth prospects. To help you position yourself for a lucrative 2024, here are two superior businesses that are generating handsome returns for t...